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Gold Rate in Bhopal
Bhopal is the capital of the state of Madhya Pradesh, and is also known as the city of lakes. The city is split by a pair of lakes and both the North and South side have two stark differences in their cityscapes. The north is more predominantly Muslim with a population of over 40% of muslims and is one of India’s highest Muslim concentration. The south of the two lakes is more modern with great roads, shopping complexes, hotels and more. The rate of gold in the city has been on the downward trail after the recent hit to the gold rates worldwide and in India.
The demand for gold in Bhopal like other cities in India, is to keep up with the age old traditional festivities and auspicious occasions like festivals and weddings. The high intrinsic value and significance in the Indian culture is what attracts most customers to this precious yellow metal.
Gold Rate Trend in Bhopal for October 2019 to December 2019 (per gram of 24 karat gold)
|1st Day||Rs.3,864 per gram||Rs.3,938 per gram||Rs.3,917 per gram|
|Last Day||Rs.3,969 per gram||Rs.3,885 per gram||Rs.3,985 per gram|
|Highest Price||Rs.3,969 per gram from 26 to 31 October||Rs.3,980 per gram from 3 to 8 November||Rs.3,985 per gram from 28 to 31 December|
|Lowest Price||Rs.3,806 per gram on 2 and 3 October||Rs.3,885 per gram on 29 and 30 November||Rs.3,854 per gram from 12 to 14 December|
Quarterly Gold Rate in Bhopal from October 2019 to December 2019:
- In Bhopal, the price of gold opened the month of October at Rs.3,864 per gram. Gold prices showed an increasing trend throughout the month. As traders awaited more clarity on the trade deal between the United States of America and China, they shifted towards the bullion as safe haven. Due to this, there was an incline in the prices by 2.71% by the end of the month.
- November was not a good month for the traders invested in gold as the stock market bounced back from the previous month. With some clarity on the trade war between China and the U.S. and the United States Federal Reserve cutting down rates yet again, gold prices took a hit. The metal opened the month at Rs.3,938 per gram and closed at Rs.3,885 per gram with a 1.34% decline.
- However, in December, gold prices jumped back with a marginal incline percentage of 1.73%. Opening the month at Rs.3,917 per gram, the precious metal was steady throughout the month. At the end of the month, with the United States President going through an impeachment inquiry and the value of the dollar dipping against other currencies, gold prices closed at Rs.3,985 per gram.
Gold Rate Trend in Bhopal for July 2019 to September 2019 (per gram of 24 karat gold)
|1st Day||Rs.3,512 per gram||Rs.3,614 per gram||Rs.3,986 per gram|
|Last Day||Rs.3,608 per gram||Rs.4,001 per gram||Rs.3,911 per gram|
|Highest price||Rs.3,644 per gram on 20 July||Rs.4,030 per gram on 27 August||Rs.4,064 per gram on 5 September|
|Lowest Price||Rs.3,467per gram on 2 July||Rs.3,572 per gram on 2 August||Rs.3,872 per gram on 20 September|
Quarterly Gold Rate Trend in Bhopal for July 2019 to September 2019:
- Gold prices in Bhopal opened at Rs.3,512 per gram in July and hit its lowest price of Rs.3,467 per gram on 2 July. The rates of the yellow metal however increased in the month and hit the monthly high on 20 July with every gram costing Rs.3,644. The precious metal closed the month at Rs.3,608 per gram and saw an incline of 2.73%.
- With trade tensions between Washington and Beijing intensifying in the month of August investors shifted focus to gold as a safe haven. The rates opened the month at Rs.3,614 per gram before hitting the monthly low of Rs.3,572 per gram the next day. The bullion closed the month at Rs.4,001 per gram after demand grew locally. Over the month, gold witnessed a healthy incline of 10.70%.
- In the month of September, the prices decreased gradually after hitting the monthly high of Rs.4,064 per gram on 5 September. The drop in the prices was accounted to crisis in Middle East and the ongoing trade talks between US and China.
- The rates of the yellow metal closed the month at Rs.3,911 per gram. Over the quarter, this was the first time that there was a decline in the prices. In September, the percentage decrease was 1.88%.
Gold Rate Trend in Bhopal for April 2019 to June 2019 (per gram of 24 karat gold)
|1st day||Rs.3,266 per gram||Rs.3,281 per gram||Rs.3,255 per gram|
|Last day||Rs.3,297 per gram||Rs.3,255 per gram||Rs.3,486 per gram|
|Highest price||Rs.3,297 per gram on 28-30 April||Rs.3,318 per gram from 16-18 May||Rs.3,533 per gram on 26 and 27 June|
|Lowest price||Rs.3,245 per gram from 20-22 April||Rs.3,213 per gram from 4 May||Rs.3,255 per gram on 1 June|
- Gold prices in Bhopal opened at Rs.3,266 per gram in April but saw significant fluctuations due to weak local demand and a recovering U.S. dollar rate. Despite tensions over Sino-U.S. trade tariffs, prices rose towards the end of the month when the metal traded at Rs.3,297 per gram from 28-30 April.
- After opening at Rs.3,281 per gram prices fell on weak overseas cues and erratic local demand, with the metal dropping to Rs.3,213 per gram on 4 May. Economic downturn fears bolstered prices with gold rising to Rs.3,318 per gram on 16 May but prices dropped to Rs.3,255 per gram on 31 May.
- Gold rates in Bhopal had a revival after opening at a static Rs.3,255 per gram, with increased market volatility and rising geopolitical tensions boosting bullion demand.
- Prices rose throughout the month as Iran-U.S. tensions and a possible global economic slowdown increased gold’s appeal, with prices rising to Rs.3,533 per gram on 26 June before settling at Rs.3,486 per gram on 30 June.
Gold Rate Trend in Bhopal for January 2019 to March 2019 (per gram of 24 karat gold)
|1st day||Rs.3,219 per gram||Rs.3,411 per gram||Rs.3,439 per gram|
|Last day||Rs.3,411 per gram||Rs.3,439 per gram||Rs.3,266 per gram|
|Highest price||Rs.3,411 per gram on 31 January||Rs.3,446 per gram from 20-27 February||Rs.3,439 per gram on 1 March|
|Lowest price||Rs.3,219 per gram from 1-3 January||Rs.3,398 per gram from 8-19 February||Rs.3,281 per gram on 22 March|
Gold Rate Trend in Bhopal for October 2018 to December 2018 (per gram of 24 karat gold)
|1st day||Rs.3,140 per gram||Rs.3,302 per gram||Rs.3,131 per gram|
|Last day||Rs.3,302 per gram||Rs.3,140 per gram||Rs.3,219 per gram|
|Highest price||Rs.3,302 per gram on 30 and 31 October||Rs.3,302 per gram on 1 November||Rs.3,234 per gram from 11 to 17 December|
|Lowest price||Rs.3,228 per gram on 9 October||Rs.3,140 per gram on 30 November||Rs.3,127 per gram on 2 and 3 December|
Gold Rate Trend in Bhopal for October 2018:
- Gold was priced at Rs.3,140 per gram when trading began for the month of October. This month recorded high demand for gold as the China – US trade war intensified which caused volatility in the market.
- On the 9th, gold was at its lowest of Rs.3,228 per gram as demand was at its lowest owing to a brief surge in the dollar.
- However, as the dollar declined and local demand was also high, gold rates continued to rise over the next few days.
- When the month ended, gold was priced at Rs.3,302 per gram – the month’s highest rates, thanks to a robust demand. Gold prices went up by 5.15% this month compared to September due to a few key factors.
Gold Rate Trend in Bhopal for November 2018:
- In November, gold opened at Rs.3,302 per gram but rates fell as demand took a hit owing to a rising dollar.
- As gold became more expensive and the rupee continued to lose ground against the dollar, demand dropped considerably. This caused gold rates to plummet in a shocking reversal of fortunes for the metal.
- Gold rates were on a gradual decline this month and by the end of the month, prices came down to Rs.3,140 per gram.
- Prices took a major hit this month and they fell by 4.90% and wiped off all the gains achieved during the previous month.
Gold Rate Trend in Bhopal for December 2018:
- After the topsy-turvy trend of the previous month, December turned out to a positive period for gold sales.
- On the 1st of November, gold was priced at Rs.3,131 per gram and a crisis in the US pushed demand for safe-haven assets up.
- The 2nd and 3rd recorded the lowest gold rates for the month when the metal traded at Rs.3,127 per gram.
- From the 11th to the 17th, gold was priced at Rs.3,234 per gram – the month’s highest rate as demand was on the rise.
- When the month ended, gold was priced at Rs.3,219 per gram and a 2.81% incline in prices was recorded this month.
Gold Rate Trend in Bhopal for July 2018 to September 2018 (per gram of 24 karat gold)
|1st day||Rs.3,142 per gram||Rs.3,091 per gram||Rs.3,104 per gram|
|Last day||Rs.3,095 per gram||Rs.3,104 per gram||Rs.3,140 per gram|
|Highest price||Rs.3,148 per gram from 5 - 7 July||Rs.3,104 per gram from 28 to 31 August||Rs.3,178 per gram on 27 and 28 September|
|Lowest price||Rs.3,082 per gram on 19 - 24 July||Rs.3,031 per gram on 20 and 21 August||Rs.3,104 per gram on 1 September|
Gold Rate Trend in Bhopal for July 2018
- Demand for the precious metal in Bhopal was stable at the start of July before dropping as investor interest for the metal declined along with the rupee value.
- At the start of July, gold was priced at Rs.3,142 per gram, and stood at Rs.3,148 per gram from 5-11 July, the highest for the month.
- Domestic demand for the metal declined while a reduced offtake was recorded due to retail buyers. However, favorable global trends for the metal kept the price from declining too steeply.
- Gold in Bhopal was then priced at a monthly low of Rs.3,082 per gram from 19-24 July as the rupee plummeted causing demand to dip as well.
- Gold was priced at Rs.3,095 per gram at the end of the month to record a loss of 1.49%.
Gold Rate Trend in Bhopal for August 2018
- At the start of August, the trade dispute between China and the US intensified causing greater demand for the yellow metal.
- The month commenced with the asset being priced at Rs.3,091 per gram as investor demand for the metal rose substantially.
- On 20 August, the price of gold in Bhopal fell substantially as it was priced at Rs.3,031 per gram.
- The end of the month saw a steep rise in gold prices with the metal trading at Rs.3,104 per gram on 31 August to record a rise of 0.42%.
Gold Rate Trend in Bhopal for September 2018
- The month began with gold priced at Rs.3,104 per gram with a steady rise in local retail demand due to the upcoming festive season.
- A sluggish rupee capped gains from bullion, as industrial demand was stagnant due to rising costs associated with a strengthening dollar.
- Gold prices in Bhopal were static till the end of the month, when volatile stock markets saw a rise in investor interest in bullion and subsequently raised prices.
- The precious metal reached a monthly high of Rs.3,178 per gram on 27 September but was unable to maintain this momentum, closing the month at Rs.3,140 per gram.
- In spite of a sharp decline towards the end of the month, gold prices rose by 1.15% during the course of the month.
Gold Rate Trend in Bhopal for April 2018 to June 2018
Rs.3,148 per gram
Rs.3,219 per gram
Rs.3,208 per gram
Rs.3,219 per gram
Rs.3,208 per gram
Rs.3,142 per gram
Rs.3,232 per gram on 26 and 27 April
Rs.3,228 per gram from 8 - 16 and 25 - 30 May
Rs.3,208 per gram from 1-4 June
Rs.3,148 per gram from 1 April to 12 April
Rs.3,205 per gram from 17 to 24 May
Rs.3,142 per gram on 30 June
Gold Rate Trend in Bhopal for April 2018:
- Gold rate in Bhopal was recorded holding at Rs.3,148 per gram on the 1st when trading began for the quarter.
- Subdued but steady demand brought about by the weak trends overseas led to gold prices holding at Rs.3,148 per gram until the 12th. This was also the lowest monthly figure recorded in the city.
- However, with the US dollar losing against a basket of other major currencies, demand for the metal rose towards the end of the month.
- Gold was recorded trading at a monthly high of Rs.3,232 per gram on the 27th before dropping over to the next few days to be priced at Rs.3,219 per gram on the 30th with steady local demand from jewellers and retailers.
Gold Rate Trend in Bhopal for May 2018:
- The month began with gold price in Bhopal opening at Rs.3,219 per gram with domestic markets capitalising on the previous session’s gains.
- Gold rates rose to a monthly high of Rs.3,228 per gram on the 8th and continued to hold steady until the 16th with strong investor demand amid positive market trends.
- However, with the US dollar regaining lost ground against other apex currencies over the next few days, rates dropped and the precious metal was priced at Rs.3,205 per gram until the 24th.
- The month came to an end with gold rate in Bhopal holding at Rs.3,208 per gram on the 31st with subdued but steady local demand amid firm overseas trends.
Gold Rate Trend in Bhopal for June 2018:
- The final month of the quarter began with gold prices holding firm at Rs.3,208 per gram on the 1st. This was also the highest recorded monthly figure in Bhopal.
- Demand for the metal dropped considerably during the month with investors and market participants refraining from purchases amid the strong US dollar and well-performing equities.
- On the last day, gold price in Bhopal was recorded holding at Rs.3.142 per gram with poor demand from jewellers, industries and retailers amid the poor trend overseas.
- Weak global cues compounded with reduced local demand led to rates dropping by 2.05% during the course of the month.
Gold Rate Trend in Bhopal for January 2018 to March 2018 (per gram of 24 karat gold)
|1st day||Rs.3,093 per gram||Rs.3,128 per gram||Rs.3,147 per gram|
|Last day||Rs.3,121 per gram||Rs.3,147 per gram||Rs.3,148 per gram|
|Highest price||Rs.3,164 per gram on 25 January||Rs.3,148 per gram from 3 to 5, and from 17 to 22 February||Rs.3,148 per gram on 8, 9 and from 24 to 31 March|
|Lowest price||Rs.3,080 per gram from 4 to 8 January||Rs.3,091 per gram from 9 to 11 February||Rs.3,123 per gram from 17 to 23 March|
Gold Rate Trend in Bhopal for January 2018:
- Gold was priced at Rs.3,093 per gram when trading started for the first month of 2018.
- Unlike other cities in India, Bhopal saw a slightly lower rate of incline over this month, which was largely due to a much lower demand.
- Prices dropped to Rs.3,080 per gram - the month’s lowest figure - on the 4th of January.
- Due to increased demand from local investors, gold rates surged over the next few weeks.
- The fourth week saw gold rates increase, as the US dollar weakened while demand went up.
- On the 25th, the yellow metal’s prices were recorded at Rs.3,164 per gram - the month’s highest rate.
- However, demand declined as the month progressed, and the metal traded at Rs.3,121 per gram on the final day.
- This month recorded a 0.90% rise in rates, owing to a solid increase in demand towards the final few days.
Gold Rate Trend in Bhopal for February 2018:
- When February began, gold was priced at Rs.3,128 per gram - a Rs.7 incline from the previous day’s rates.
- The precious metal was at its highest this month on a number of occasions, including the 3rd, 4th, and 5th and from the 17th to the 22nd.
- Demand was high during these periods because the US dollar fell and gold rates improved as a result of this.
- Prices fluctuated quite a bit before closing at Rs.3,148 per gram on the final day of the month.
- A 0.60% change in prices was recorded this month, as demand was on the increase over the third week.
Gold Rate Trend in Bhopal for March 2018:
- The final month of March 2018 opened with gold priced at Rs.3,147 per gram.
- Rates saw a lot of fluctuations this month but seemed to end up where it started as the month drew to a close.
- The metal’s rates were at their highest at Rs.3,148 per gram on the 8th and 9th and from the 24th to the 31st of March.
- Consequently, the lowest rate was recorded during the period between the 17th to the 23rd, during which the metal traded at Rs.3,123 per gram.
- When the month ended, gold was trading at Rs.3,148 per gram.
- This month recorded a marginal 0.03% incline in prices as demand wasn’t as strong as it was initially expected.
Gold Rate Trend in Bhopal for October 2017 to December 2017 (per gram of 24 karat gold)
|1st day||Rs.3,127 per gram||Rs.3,070 per gram||Rs.3,078 per gram|
|Last day||Rs.3,088 per gram||Rs.3,081 per gram||Rs.3,093 per gram|
|Highest price||Rs.3,135 per gram on 12,13,14 October||Rs.3,155 per gram on 19, 20 November||Rs.3,094 per gram on 2,3 and 4 December|
|Lowest price||Rs.3,002 per gram on 23,24 and 25 October||Rs.3,065 per gram on 4, 5 and 6 November||Rs.2,988 per gram on 12, 13 December|
Gold Rate Trend in Bhopal for October 2017:
- Gold opened at Rs.3,127 per gram when trading began for the first month of Q4 2017.
- There was a considerable dip in gold prices this month as the US dollar strengthened while local demand took a hit.
- Gold price in Bhopal continued to weaken as the first week progressed as demand continued to drop amid a strong dollar.
- Prices hit their highest levels this month on the 12th when the metal traded at Rs.3,135 per gram. This continued on till the 14th of the month as investors cashed in on a briefly underperforming dollar.
- From the 15th onwards, gold prices seemed to consolidate amid a rising dollar. Gold rate in Bhopal dropped to its monthly low figure on the 23rd when it traded at Rs.3,002 per gram.
- When the month ended gold was seen trading at Rs.3,088 per gram, marking a 1.24% decline in price trends compared to the previous month.
Gold Rate Trend in Bhopal for November 2017:
- When trading began for November, gold was priced at Rs.3,070 per gram - a Rs.18 decline from the previously closing rates.
- Prices were yet to hit their lowest this month as demand continued to remain low as local investors remained cautious of a rising dollar.
- Gold traded at Rs.3,065 per gram from the 4th to the 6th as demand was majorly hit by the strong dollar.
- However, as the month progressed, gold price in Bhopal seemed to pick up as demand, particularly from jewellers increased.
- Gold hit its highest on the 19th when it traded at Rs.3,155 per gram - the month’s highest rate - till the 20th of the month amid increased purchases.
- Due to the unsustainable nature of the demand, gold prices consolidated towards the final few days of the month.
- Despite heavy drops, gold close at a respectable Rs.3,081 per gram on the 30th of November.
- There was a 0.35% incline in gold prices, thanks to festive demand and the increased purchases from jewellers in the city.
Gold Rate Trend in Bhopal for December 2017:
- Gold price in Bhopal improved in the month of December as well despite hitting some significantly low figures during the second week.
- This month’s trading was affected by the latest US tax laws, which brought about a positive change in the US dollar.
- Gold opened at Rs.3,074 per gram on the 1st but surged to Rs.3,094 per gram on the 2nd due to increased demand.
- This continued on till the 4th as investors rushed to cash in on the volatile equities market.
- However, as the latest US tax law helped the dollar gain against other currencies, gold prices began to fall before reaching its lowest monthly level on the 12th of December.
- Gold traded at Rs.2,988 per gram - the lowest rate this month - owing to poor demand.
- The yellow metal recovered from the fall to rise to Rs.3,088 per gram towards the final day of the month.
- Gold rate in Bhopal recorded a 0.61% incline this month thanks to steady demand.
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Gold Rate Trend in Bhopal for July 2017 to September 2017 (per gram of 24 karat gold)
|1st day||Rs.3,055 per gram||Rs.2,988 per gram||Rs.3,045 per gram|
|Last day||Rs.2,988 per gram||Rs.3,045 per gram||Rs.3,127 per gram|
|Highest price||Rs.3,055 per gram on 1 and 2 July||Rs.3,045 per gram from 29-31 August||Rs.3,186 per gram from 9-13 September|
|Lowest price||Rs.2,902 per gram on 10 July||Rs.2,978 per gram on 8 August||Rs.3,045 per gram on 1 September|
Gold rate trend in Bhopal for July 2017
- When trading commenced for the month of July, the yellow metal was trading at Rs.3,055 per gram. This was also the highest recorded monthly figure in the in Bhopal.
- Prices dropped to Rs.2,991 per gram on the 3rd due to a significant decline in global as well as domestic demand for the metal.
- Gold rates in Bhopal fluctuated over the next few days due to varying demand for gold, and the precious metal was priced at Rs.2,981 per gram on the 9th.
- However, the 10th witnessed gold touch the lowest recorded monthly figure of Rs.902 per gram due to declining international demand.
- Thanks to steady global demand, gold rates remained unaffected post the implementation of GST in the country, and gold was trading at Rs.2,947 per gram on the 18th.
- Demand increased with the dollar performing poorly, this led to gold rates in Bhopal rising to Rs.2,988 per gram on the 23rd.
- Gold rates in Bhopal stood firm despite the US economic meltdown, and the yellow metal continued trading at Rs.2,988 per gram for the remainder of the month with steady and sustained demand.
Gold rate trend in Bhopal for August 2017
- The month of August began with the precious metal trading at Rs.2,988 per gram with steady industrial demand.
- However, prices plunged to Rs.2,978 per gram on the 8th with investors and retail jewellers delaying their purchases.
- Thanks to strong global cues that proved to be favourable for the gold trade, resulting in the yellow metal prices surging to Rs.3,044 per gram on the 11th.
- Demand, however, declined significantly on the 15th owing to the upcoming US Federal Reserve meeting. This led to gold rates dropping to Rs.3,010 per gram.
- The Asian demand for the metal surged with the US dollar declining, pushing prices up to Rs.3,038 per gram on the 19th.
- Safe-investments witnessed a rise as the overseas relations between North Korea and the US worsened. This resulted in an increased demand for the yellow metal, pushing prices up to Rs.3,045 per gram - the highest recorded monthly figure - on the 29th.
- Gold was trading at Rs.3,045 per gram for the rest of August with steady demand from retailers and investors.
Gold rate trend in Bhopal for September 2017
- Gold was priced at Rs.3,045 per gram, when trading commenced for the month of September in Bhopal.
- North Korea’s announcement on their successful two-stage thermonuclear weapon resulted in the meltdown of the US economy. This resulted in safe-haven investments increase globally, pushing gold rates up to Rs.3,186 per gram from the 9th to the 13th of September.
- Gold held steady at Rs.3,140 per gram for the next few day, before local demand began to decline resulting in gold rates falling to Rs.3,109 per gram on the 22nd.
- The arrival of Dussehra pushed festive sales higher in the local markets, and the precious metal was trading at Rs.3,164 per gram on the 26th.
- The news about the possibility of a new Fed rate hike broke out, strengthening the US dollar value. This resulted in gold rates in Bhopal plunging to Rs.3,127 per gram on the 28th as investors and jewellers refrained from making purchases.
- The rest of the month witnessed steady demand for the metal, and gold continued trading at Rs.3,127 per gram until the 30th.
Gold Rate Trend in Bhopal for April 2017 to June 2017 (per gram of 24 karat gold)
|1st day||Rs.3,011 per gram||Rs.3,061 per gram||Rs.3,046 per gram|
|Last day||Rs.3,061 per gram||Rs.3,046 per gram||Rs.3,055 per gram|
|Highest price||Rs.3,061 per gram on 29 April and 30 April||Rs.3,061 per gram on 1 May & 2 May May||Rs.3,077 per gram on 7 June and 8 June|
|Lowest price||Rs.3,011 per gram from 1 April to 3 April||Rs.2,956 per gram from 11 May to 16 May||Rs.3,046 per gram on 1 June and 2 June|
Trend of gold rate in Bhopal for April 2017
- When trading began in Bhopal for the quarter on the 1st of April, gold was priced at Rs.3,011 per gram.
- Due to there being no change in demand, gold prices remained at Rs.3,011 per gram on the 2nd and the 3rd.
- Prices went up by Rs.32 per gram on the 4th to go up to Rs.3,043 per gram and continued at the same rate till the 9th of the month, thanks to a rise in international demand.
- On the 10th of April, gold was priced at Rs.3,025 per gram as demand in local circles fell.
- Rates remained at Rs.3,025 per gram on the 11th and continued at the same rate till the 25th due to sustained demand from jewellers in the city.
- On the 26th, gold prices went up to Rs.3,036 per gram as demand spiked slightly.
- The next day, on the 27th, gold prices went up to Rs.3,048 per gram before continuing at the same rate on the 28th as well.
- Over the last two days of the week, gold was seen trading at Rs.3,061 per gram as jewellers invested in the metal more amidst some global cues.
Trend of gold rate in Bhopal for May 2017
- Gold prices were on the decline during the month of May as US dollar prices strengthened and demand for the metal decreased.
- On the 1st of May, gold was trading at Rs.3,061 per gram and continued at the same rate on the 2nd as well.
- However, the 3rd saw gold prices fall significantly - by Rs.40 - to go down to Rs.3,020 per gram on the 3rd.
- By the end of the 9th, gold prices had gone down to Rs.2,977 per gram and kept going down over the next few days.
- As demand kept going down, gold prices went down to as much as Rs.2,956 per gram on the 11th.
- Due to a rise in demand during the third week, i.e., on the 18th, gold prices went up to Rs.3,017 per gram.
- Prices remained at Rs.3,017 per gram till the 24th thanks to a sustained demand for the metal.
- During the last week of June, gold prices went up as there were several concerns in the US regarding President Trump’s administration.
- On the 25th, gold prices had hit Rs.3,028 per gram - a rate which continued till the 29th of the month.
- When trading started for the 30th, gold prices has shot up to Rs.3,048 per gram as reports about a weak dollar hit the market.
- The month ended as gold was still trading at Rs.3,048 per gram while recording a decline of 0.49% for the month.
Trend of gold rate in Bhopal for June 2017
- In June, gold trading prices remained on a relatively high thanks to some increased demand.
- On the 1st of June, gold was trading at Rs.3,046 per gram, which then jumped to Rs.3,059 per gram on the 3rd.
- Gold rates went up further more - to Rs.3,077 per gram - on the 7th as demand increased.
- However, prices went down to Rs.3,053 per gram on the 9th due to low sales amidst a positive US dollar rate.
- Though rates remained unchanged till the 14th, they went down to Rs.3,033 per gram on the 15th, as there was a gradual slowdown in sales.
- For the next 2 weeks, gold prices remained at Rs.3,033 per gram as there was a sustained demand for the metal in local circles.
- Rates rose on the last day of June to go up to Rs.3,055 per gram as demand spiked.
Gold Rate Trend in Bhopal for January 2017 to March 2017 (per gram of 24 karat gold)
|1st day||Rs.2,884 per gram||Rs.2,985 per gram||Rs.3,054 per gram|
|Last day||Rs.2,985 per gram||Rs.3,054 per gram||Rs.3,011 per gram|
|Highest price||Rs.2,997 per gram from 16th to 27th January||Rs.3,054 per gram from 24th to 28th February||Rs.3,054 per gram on 1st and 2nd March|
|Lowest price||Rs.2,884 per gram on 1st & 3rd January||Rs.2,985 per gram on 1st February||Rs.2,968 per gram on 15th of March|
Gold Rate Trend for Bhopal in January 2017:
- Unlike the last quarter of 2016, gold price trends were on the increase during the January to March quarter of 2017.
- This development was vastly due to the arrival of more cash into the system - a phenomenon which wreaked havoc on bullion industry in November 2016.
- On 1st January, gold was trading at Rs.2,884 per gram, which seemed to increase over the next ten days.
- However, as demand seemed to slow down slightly, gold rates fluctuated considerably from 11th to the 15th i.e, the second of January.
- Gold reached its highest rate for the month on 16th when it hit Rs.2,997 per gram and traded at the same rate till the 27th of the month.
- Due to positive sales, gold price trends saw an incline of 3.50% in the month of January.
Gold Rate Trend for Bhopal in February 2017:
- February again was a good month for gold prices in Bhopal as there was a positive trend to be witnessed at the end of the month.
- On 1st, gold was priced at Rs.2,985 per gram which increased and decreased over the subsequent days due to a volatile market.
- US President Donald Trump’s policy decisions seemed to affect the price of gold, which was then coupled with the US Fed rate hike.
- Prices of gold seemed to decrease slightly mid-month as market investors seemed to pull out.
- But, the downturn was temporary, as prices got their momentum back to end the month on a high.
- Price trends in Bhopal increased at the rate of 2.33% for the month of February.
Gold Rate Trend for Bhopal in March 2017:
- The month of March wasn’t a positive month for gold rates in Bhopal as prices seemed to go down later in the month.
- On 1st, when March began, gold was priced at Rs.3,054 per gram, which also happened to be the highest gold rate for the entire month.
- However, as demand fell, gold prices decreased to go down to Rs.3,030 per gram by the 9th.
- Prices hit their lowest for the month on 15th, when gold was trading at Rs.2,985 per gram.
- Despite the fall, gold rates consolidated to end the month at Rs.3,011 per gram.
- Price trends fell by 1.4% during March as the momentum gathered by the previous two months seemed to go down.
- Overall, gold price trends maintained an average of 1.47% incline for the month of March.
Gold Investment Avenues in Bhopal
In Bhopal like in India buying gold is the best assets for the common man, and preferably stick to the jewellery options. It saves money, adds as a fashion accessory and is extremely liquid. It’s an easy option to purchase it doesn’t need any paperwork, form filling and more to purchase gold. All one needs to do is walk into a store and purchase the precious metal as much as they’d like to and gives one a sense of ownership. Gold is fairly liquid, in India it can always be pawned or sold to get cash within minutes. It also acts as the perfect gifts to your loved ones. It’s a great physical holding or tangible asset, it can be felt, worn and used. It creates a sense of holding and isn’t like equity or paper financial products. As an investment you can buy gold futures, as well as Exchange Traded Funds or ETFs. Gold futures can be bought early and sold later, saving. you from market instability of gold rates. However, spot contracts ares sold and bought quickly and hold risk to gold market risks.
- Also Check:Gold Rate in Madhya Pradesh
Also Check Gold Price in NearBy Cities of Bhopal
|Gold Rate In Indore||Gold Rate In Ratlam||Gold Rate In Jabalpur|
|Gold Rate In Raipur||Gold Rate In Bhilai||Gold Rate In Nagpur|
|Also Know: Silver Rate in Bhopal|
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