Gold Rate in Chandigarh

Chandigarh serves as the capital of two states, Punjab and Haryana. The gold rate in Chandigarh is determined by various factors such as the supply and demand for the metal, the global economic condition, etc. Mainly purchased for ornamental usage, the metal also has a market for investment purposes. Read on for more details on gold prices in Chandigarh.
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  • Today's Gold Rate in Chandigarh ( 20 Sep 2019 )
    ₹ 3,655
    Today's Gold Rate (22K) per gram
    Compare Gold Rate In Chandigarh (Today & Yesterday)
    Today
    (20 Sep 2019)
    Yesterday
    (19 Sep 2019)
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 3,655 ₹ 3,690 ₹ -35 ↓
    Standard Gold (22 K) ( 8 grams ) ₹ 29,240 ₹ 29,520 ₹ -280 ↓
    Pure Gold (24 K) ( 1 gram ) ₹ 3,838 ₹ 3,875 ₹ -37 ↓
    Pure Gold (24 K) ( 8 grams ) ₹ 30,704 ₹ 31,000 ₹ -296 ↓
    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    20 Sep 2019 ₹ 3,655 ₹ 29,240 ₹ 3,838 ₹ 30,704
    19 Sep 2019 ₹ 3,690 ₹ 29,520 ₹ 3,875 ₹ 31,000
    18 Sep 2019 ₹ 3,700 ₹ 29,600 ₹ 3,885 ₹ 31,080
    17 Sep 2019 ₹ 3,700 ₹ 29,600 ₹ 3,885 ₹ 31,080
    16 Sep 2019 ₹ 3,660 ₹ 29,280 ₹ 3,843 ₹ 30,744
    15 Sep 2019 ₹ 3,660 ₹ 29,280 ₹ 3,843 ₹ 30,744
    14 Sep 2019 ₹ 3,680 ₹ 29,440 ₹ 3,864 ₹ 30,912
    13 Sep 2019 ₹ 3,695 ₹ 29,560 ₹ 3,880 ₹ 31,040
    12 Sep 2019 ₹ 3,710 ₹ 29,680 ₹ 3,896 ₹ 31,168
    11 Sep 2019 ₹ 3,720 ₹ 29,760 ₹ 3,906 ₹ 31,248

    Weekly & Monthly Graph of Gold Rate in Chandigarh

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    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Gold Price in Chandigarh

    People in Chandigarh prefer buying gold for any occasion and also as a part of investment. Gold is bought mainly as an ornament and also as a safety net for their future. Gold also doesn’t have a depreciating value, making it a very safe investment. Investing in gold is worth it as it is a hedge against inflation.

    Gold rates are constantly changing in Chandigarh. You can avail the updated gold rate directly from the dealers of Chandigarh or through the various financial websites. Gold can be used as an asset to get loans from the banks as well. The changing gold rate information will be provided to you by the Gold Dealers in Chandigarh.

    Trend of Gold Rate in Chandigarh for September 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    September 1 Rate Rs.3,959 per gram
    September 15 Rate Rs.3,843 per gram
    Highest Rate in September Rs.4,037 per gram on 5 September
    Lowest Rate in September Rs.3,843 per gram on 15 September
    Overall Performance Decline

    September 2019- Week 1 (1-8):

    • The month began with gold rates in Chandigarh opening at Rs.3,959 per gram on rising jeweller demand and overseas trends.
    • Prices remained static for a few days before rising to Rs.4,037 per gram on 5 September on economic slowdown fears after weak U.S. manufacturing data.
    • A rise in the dollar rate after news of an economic stimulus dented demand for bullion, with investors reducing offtake resulting in gold trading lower at Rs.3,938 per gram on 8 September.

    September 2019- Week 2 (9-15):

    • A drop in retail demand and reduced overseas offtake reflected gold rates in Chandigarh, which opened at a static Rs.3,938 per gram as a weak rupee capped gains.
    • Despite interest rate cuts by global central banks, equities were buoyed by a rise in U.S. Treasury yields and a recovering dollar as the yellow metal slid to Rs.3,880 per gram on 13 September.
    • Upcoming trade talks between the U.S. and China also bolstered stock markets as bullion lost favour, with local demand echoing overseas trends as the metal ended the week at Rs.3,843 per gram.

    Trend of Gold Rate in Chandigarh for August 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    August 1 Rate Rs.3,581 per gram
    August 31 Rate Rs.3,959 per gram
    Highest Rate in August Rs.4,011 per gram on 27 August
    Lowest Rate in August Rs.3,554 per gram on 2 August
    Overall Performance Incline
    Percentage Change 10.55%

    August 2019- Week 1 (1-11):

    • Gold prices in Chandigarh opened at Rs.3,581 per gram and continued to climb on steady offtake from both local and overseas industry, which saw the metal trade at Rs.3,617 on 3 August.
    • Demand was steady as global markets reacted poorly to news of additional U.S. tariffs on Chinese goods, which bolstered gold rates to Rs.3,738 per gram on 7 August.
    • Despite a falling rupee, demand remained steady as the yellow metal surged to Rs.3,833 per gram on 9 August and closing the week at Rs.3,843 per gram on 11 August.

    August 2019- Week 2 (12-18):

    • Gold prices in Chandigarh opened at Rs.3,581 per gram and continued to climb on steady offtake from both local and overseas industry, which saw the metal trade at Rs.3,617 on 3 August.
    • Demand was steady as global markets reacted poorly to news of additional U.S. tariffs on Chinese goods, which bolstered gold rates to Rs.3,738 per gram on 7 August.
    • Despite a falling rupee, demand remained steady as the yellow metal surged to Rs.3,833 per gram on 9 August and closing the week at Rs.3,843 per gram on 11 August.

    August 2019- Week 3 (19-25):

    • Gold rates in Chandigarh opened at Rs.3,869 per gram but rose to Rs.3,896 per gram on 20 August on increased industrial demand due to volatile markets.
    • Prices remained steady for a few days as retail sales were weak, but a surge in overseas interest bolstered rates to Rs.3,906 per gram on 22 August.
    • The upcoming Federal Reserve meeting capped demand for a few days but positive indicators for bullion boosted offtake as the metal ended the week higher at Rs.3,948 per gram.

    August 2019- Week 4 (26-31):

    • Opening at Rs.3,948 per gram on 26 August, gold prices in Chandigarh rose to Rs.4,011 per gram on 27 August on positive overseas cues and a weak rupee.
    • Equity markets rose on news of possible trade negotiations between the U.S. and China, which dampened demand for gold as prices dropped to Rs.3,990 per gram on 29 August.
    • Prices rose as the month ended on renewed market uncertainty and recession fears, with the metal priced at Rs.3,959 per gram on 31 August.

    Trend of Gold Rate in Chandigarh for July 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    July 1 Rate Rs.3,486 per gram
    July 31 Rate Rs.3,575 per gram
    Highest Rate in July Rs.3,612 per gram on 20 July
    Lowest Rate in July Rs.3,444 per gram on 2 July
    Overall Performance Incline
    Percentage Change 2.55%

    July 2019- Week 1 (1-7):

    • Gold prices in Chandigarh saw some fluctuations after opening at Rs.3,486 per gram as investors reduced bullion demand on positive inflation and U.S. jobs data indications.
    • Prices slipped to Rs.3,449 per gram on 3 July as local demand also dropped on a strengthening U.S. dollar, but U.S.-Iran tensions saw gold rise to Rs.3,518 per gram on 4 July.
    • Positive jobs data reduced rate cut expectations and bolstered equities as bullion dropped to Rs.3,497 per gram o 5 July before recovering to end the week at Rs.3,518 per gram.

    July 2019- Week 2 (8-14):

    • An increase in global interest in bullion saw gold prices in Chandigarh rise after opening unchanged at Rs.3,518 per gram on 8 July.
    • Local demand was weak but steady overseas investor interest saw the metal trade at Rs.3,528 per gram on 9 July before dropping to Rs.3,507 per gram on 11 July.
    • Despite positive U.S. jobs data, the Fed’s dovish monetary policy bolstered demand for bullion as gold surged to Rs.3,570 per gram on 12 July, though prices dipped to Rs.3,554 per gram when the week ended on 14 July.

    July 2019- Week 3 (15-21):

    • Gold prices in Chandigarh opened at Rs.3,554 per gram on 15 July as local demand was static due to a steady dollar rate.
    • Prices dropped to Rs.3,539 per gram on 18 July ahead of the release of U.S. jobs data, but weaker than expected figures boosted gold which traded at Rs.3,575 per gram on 19 July.
    • Continued uncertainty over Sino-U.S. trade talks and the looming crisis in the Middle East saw prices rise to Rs.3,612 per gram on 20 July before regularising at Rs.3,586 per gram on 21 July.

    July 2019- Week 4 (22-28):

    • When the week began on 22 July, gold rates in Chandigarh were static at Rs.2,586 per gram but rose to Rs.3,591 per gram on 23 July on steady local and overseas offtake.
    • Rising tensions in the Middle East and the renewal of U.S.-China trade disputes rattled markets but a recovery in the dollar kept gold gains muted, as the metal dropped to Rs.3,570 per gram on 24 July.
    • Prices rose marginally to Rs.3,581 per gram on 26 July but the week ended with gold dropping to Rs.3,570 per gram on 28 July on lowered overseas offtake.

    July 2019- Week 5 (29-31):

    • When the week began, gold rates in Chandigarh opened at Rs.3,575 per gram as static local demand capped prices, despite strong overseas interest.
    • A rise in geopolitical tensions and the ongoing trade war rattled investors and markets, leading to increased safe-haven bullion offtake.
    • Weak retail offtake saw industrial gains capped while a depreciating rupee also dented bullion demand as the metal ended the month unchanged at Rs.3,575 per gram on 31 July.

    Trend of Gold Rate in Chandigarh for June 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    June 1 Rate Rs.3,302 per gram
    June 30 Rate Rs.3,486 per gram
    Highest Rate in June Rs.3,305 per gram from 25-27 June
    Lowest Rate in June Rs.3,302 per gram on 1 and 2 June
    Overall Performance Incline
    Percentage Change 5.57%

    June 2019- Week 1 (1-9):

    • Fluctuations in local offtake muted some gains after gold prices in Chandigarh opened at Rs.3,276 per gram but positive overseas cues helped bolster the metal, which rose to Rs.3,302 per gram on 2 June.
    • A drop in industrial demand kept prices stable for a few days before a surge in retail sales saw the metal rise to Rs.3,339 per gram on 7 June.
    • Markets were weak ahead of the release of U.S. jobs data as bullion continued to dominate, with the yellow metal rising to Rs.3,371 per gram when the week ended on 9 June.

    June 2019- Week 2 (10 - 16):

    • At the start of the second week of June, the price of gold stood the same as it did at the end of week 1. On 10th, the gold rate in Chandigarh stood at Rs.3,371 per gram.
    • A weakened dollar caused the price of gold in the city to surge to Rs.3,339 per gram on 13th.
    • Although the value of the US dollar rose at the end of week 2, gold rate too rose in value. As on 16th, the price of gold stood at Rs.3,376 per gram.

    June 2019- Week 3 (17-23):

    • Interest in bullion rose as the U.S. dollar dropped and U.S. Treasury yields plunged, with gold prices in Chandigarh rising steadily after opening at a stagnant Rs.3,376 per gram on 17 June.
    • With the U.S. Federal Reserve announcing possible interest rate cuts and growing tension in the Middle East, demand for safe-haven assets rose as gold surged to Rs.3,444 per gram on 21 June.
    • Prices continued to climb, trading at Rs.3,507 per gram on 22 June as local demand also rose on positive cues, though the metal slid to Rs.3,497 per gram when the week ended on 23 June.

    June 2019- Week 4 (24-30):

    • Gold prices in Chandigarh opened the week at Rs.3,497 per gram on positive overseas cues due to the continued uncertainty arising out of the Sino-U.S. trade dispute.
    • An escalation in U.S.-Iran tensions as well as the Bank of Japan’s indication of interest rate cuts bolstered bullion as the yellow metal rose to Rs.3,502 per gram on 25 June.
    • Prices dropped back to Rs.3,486 per gram on 27 June as local demand faltered following a recovery in the dollar rate, with the metal ending the month unchanged.

    Trend of Gold Rate in Chandigarh for May 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    May 1 Rate Rs.3,266 per gram
    May 31 Rate Rs.3,276 per gram
    Highest Rate in May Rs.3,281 per gram on 18 May
    Lowest Rate in May Rs.3,218 per gram on 4 May
    Overall Performance Incline

    May 2019- Week 1 (1-5):

    • Despite steady local demand, gold price in Chandigarh were on the decline as overseas cues and a rising U.S. dollar rate affected demand as the precious metal traded at Rs.3,266 per gram on 1 May.
    • Gold price in Chandigarh dropped to Rs.3,260 per gram on 2 May before sliding further to Rs.3,229 per gram on 3 May on waning interest from investors after positive economic results boosted equity markets.
    • Gold rate in Chandigarh plunged to Rs.3,218 per gram on 4 May as the U.S. threat of renewed sanctions against Iran failed to bolster bullion demand, though demand rose marginally to Rs.3,229 per gram when the week ended on 5 May.

    May 2019- Week 2 (6-12):

    • Following a rather lacklustre week, gold rate in Chandigarh were bolstered by rising overseas and local demand as a weak U.S. dollar and volatile markets drove up interest in bullion, though the metal opened at Rs.3,229 per gram on 6 May.
    • Gold price in rose to Rs.3,239 per gram on 8 May as the U.S. dollar and equity markets weakened on the possibility of military action against Iran, with local jewellers also increasing orders ahead of the festive season.
    • Gold price in Chandigarh rose to Rs.3,239 per gram on 8 May as the U.S. dollar and equity markets weakened on the possibility of military action against Iran, with local jewellers also increasing orders ahead of the festive season.
    • Slight fluctuations in local demand failed to dent the surge in bullion prices, as the metal rose to Rs.3,271 per gram when the week ended on 12 May.

    May 2019- Week 3 (13-19):

    • Following a rather muted week, gold price in Chandigarh were bolstered by rising overseas and local demand as a weak U.S. dollar and volatile markets drove up interest in bullion, though the metal opened at Rs.3,228 per gram on 13 May.
    • Gold price in Chandigarh rose to Rs.3,240 per gram on 15 May as the U.S. dollar and equity markets weakened on the possibility of military action against Iran, with local jewellers also increasing orders ahead of the festive season.
    • Slight fluctuations in local demand failed to dent the surge in bullion prices, as the metal rose to Rs.3,273 per gram when the week ended on 19 May.

    May 2019- Week 4 (20-26):

    • Interest in bullion was on the wane overseas as positive economic data and a recovering U.S. dollar rate bolstered equity offtake, though gold price in Chandigarh opened at a steady Rs.3,271 per gram.
    • Local jeweller demand was unable to stabilise rates as the metal fell to Rs.3,239 per gram on 21 May before plunging further to Rs.3,224 per gram on 24 May amidst increased short-selling.
    • The yellow metal saw a revival in fortune after the Fed Reserve meeting supported bullion buys, with gold rising to Rs.3,250 per gram when the week ended on 26 May.

    May 2019- Week 5 (27-31):

    • A drop in retail interest due to a rising U.S. dollar rate and weak local cues saw gold rates in Chandigarh open at Rs.3,250 per gram on 27 May.
    • Overseas interest in bullion rose as the implications of fresh tariffs on Chinese goods rattled markets and the dollar, as the yellow metal rose to Rs.3,255 per gram on 29 May.
    • Positive overseas cues bolstered local retail demand as the week was ending, resulting in prices surging to Rs.3,276 per gram on 31 May.

    Trend of Gold Rate in Chandigarh for April 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    April 1 Rate Rs.3,266 per gram
    April 28 Rate Rs.3,276 per gram
    Highest Rate in April Rs.3,276 per gram on 10, 12 and 28 April
    Lowest Rate in April Rs.3,229 per gram on 4, 5 and 20 April
    Overall Performance Incline

    April 2019 - Week 1 (1-7):

    • Declining retail demand and a rising U.S. dollar impacted gold prices in Chandigarh though the metal opened at a steady Rs.3,266 per gram.
    • Gold price in Chandigarh dropped to Rs.3,239 per gram on 3 April as markets rallied on positive cues from rising Asian equities and a steady dollar rate, with gold rates plunging to Rs.3,229 per gram on 4 April.
    • Fears of a recession after weak U.S. manufacturing data resulted in a rise in gold’s safe-haven appeal and prices rose to Rs.3,255 per gram on 7 April.

    April 2019 - Week 2 (8-14):

    • Despite steady local demand, gold price in Chandigarh fell on fluctuating overseas demand after opening the week at Rs.3,255 per gram with a rising U.S. dollar rate and waning Asian orders also attributed to the drop.
    • Global slowdown fears prompted increased bullion offtake as the yellow metal rose to Rs.3,276 per gram on 10 April and briefly dropped to Rs.3,266 per gram on 11 April on demand vagaries.
    • Gold rate in Chandigarh plunged to Rs.3,245 per gram on 13 April as positive U.S. jobs data and encouraging manufacturing data from China boosted equities, but prices rose marginally to close the week at Rs.3,250 per gram on 14 April.

    April 2019 - Week 3 (15-21):

    • Weak regional offtake and a rise in equity investments dampened interest in bullion during the week as gold opened at a stagnant Rs.3,250 per gram on 15 April.
    • An unexpected rise in Chinese economic growth further boosted stock markets and the U.S. dollar as gold rate in Chandigarh dropped to Rs.3,239 per gram on 18 April despite steady local jeweller demand.
    • After a brief drop to Rs.3,229 per gram on 20 April, a dovish stance by many Eurozone central banks once again increased bullion’s appeal among investors as the metal rose to Rs.3,234 per gram on 21 April.

    April 2019- Week 4 (22-28):

    • Steady demand from jewellers kept gold rate in Chandigarh from fluctuating too much despite conflicting overseas cues, with the metal opening at a static Rs.3,234 per gram on 22 April.
    • Despite a rise in bond yields and equities, local bullion offtake was steady, and prices rose briefly to Rs.3,250 per gram on 23 April but prices dropped back to Rs.3,234 per gram on 25 April as prices could not be sustained.
    • Disappointing U.S. GDP figures took markets by surprise and boosted bullion rates as prices surged to Rs.3,276 per gram when the week ended on 28 April.

    Trend of Gold Rate in Chandigarh for March 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    March 1 Rate Rs.3,402 per gram
    March 31 Rate Rs.3,266 per gram
    Highest Rate in March Rs.3,402 per gram on 1 March
    Lowest Rate in March Rs.3,239 per gram on 30 March
    Overall Performance Decline
    Percentage Change -3.99%

    March 2019 - Week 1 (1-10):

    • Echoing overseas trends, there was a drop in gold rate in Chandigarh as local demand fell due to rising costs associated with a strengthening U.S. dollar.
    • Gold traded at Rs.3,402 per gram on 1 March but prices dropped soon after, trading at Rs.3,344 per gram on 5 March as weak local demand and declining investor interest impacted rates.
    • The possibility of a trade deal between China and the U.S. bolstered investor risk sentiment and they moved away from safe-haven bullion as gold plunged to Rs.3,276 per gram on 8 March before recovering to close the week t Rs.3,318 per gram.

    March 2019 - Week 2 (11-17):

    • A strengthening U.S. dollar and fluctuating equity markets resulted in gold rates in Chandigarh falling after a volatile week where the precious metal traded at Rs.3,318 per gram on 11 March.
    • Gold price in Chandigarh dropped to Rs.3,302 per gram on 12 March and fell further to Rs.3,287 per gram on 13 March as investors switched to equities after strong U.S. jobs data boosted markets.
    • Gold rose to Rs.3,302 per gram on 15 March as fears of the impact of a negative Brexit vote dampened investor sentiment.
    • The dollar rebounded as gold fell to Rs.3,276 per gram on 16 March after a delay in Brexit buoyed markets before the metal recovered marginally to close at Rs.3,281 per gram on 17 March.

    March 2019 - Week 3 (18-24):

    • Gold rate in Chandigarh opened slightly higher at Rs.3,281 per gram on 17 March before falling to Rs.3,260 per gram on 19 March as a steady U.S. dollar capped gains from local offtake.
    • Prices rose to Rs.3,276 per gram on 21 March as markets reacted poorly to the possibility of a no-deal Brexit, as investors increased their bullion offtake.
    • Poor U.S. data and indications of a possible U.S. recession saw markets plunge as demand for gold surged, with the yellow metal rising to Rs.3,308 per gram when the week ended on 24 March.

    March 2019- Week 4 (25-31):

    • Despite a stable start to the week trading at Rs.3,308 per gram, gold rate in Chandigarh fell on fluctuating cues with gains capped due to a rising U.S. dollar rate.
    • Interest in gold waned as equities performed well on unexpectedly positive Chinese economic data, with the rising dollar rate reducing local jeweller demand as the metal traded at Rs.3,287 per gram on 28 March.
    • Gold plunged to Rs.3,239 per gram on 30 March on weak offtake despite uncertainty surrounding Brexit before rallying to close the month at Rs.3,266 per gram and registering a loss of 3.99% over the course of the month.

    Trend of Gold Rate in Chandigarh for February 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    February 1 Rate Rs.3,423 per gram
    February 28 Rate Rs.3,428 per gram
    Highest Rate in February Rs.3,465 per gram on 21 February
    Lowest Rate in February Rs.3,386 per gram on 8 and 9 February
    Overall Performance Incline
    Percentage Change 0.14%

    February 2019 - Week 1 (1-10):

    • Recovering equity markets and positive U.S. payrolls data boosted the dollar as gold price in Chandigarh fell steadily.
    • The precious metal traded at Rs.3,423 per gram when trading opened on 1 February and remained constant for a few days as local demand propped up prices.
    • Declining interest from industrial units as well as weak overseas cues saw gold rate in Chandigarh fall to a low of Rs.3,386 per gram on 8 February.
    • An increase in jeweller demand due to the ongoing wedding season helped raise prices as the week ended, with the metal priced at Rs.3,402 per gram on 10 February.

    February 2019 - Week 2 (11-17):

    • A boost in the dollar rate saw gold price in Chandigarh fluctuate during the week, with the metal opening at Rs.3,402 per gram on 11 February.
    • Rising demand from local retailers kept prices steady as industrial demand was sluggish in weak cues from Asian industry, as gold dropped to Rs.3,360 per gram on 14 February.
    • Market volatility over the ongoing Sino-U.S. trade talks saw investors turn to safe-haven gold as the metal’s price rose to Rs.3,371 per gram on 17 February.

    February 2019 - Week 3 (18-24):

    • Steady local demand offset fluctuations in overseas demand as the week began, with gold prices in Chandigarh trading at Rs.3,423 per gram on 18 February.
    • Prices rose on a weak dollar rate but falling investor interest capped gains to an extent as the yellow metal traded at Rs.3,434 per gram on 20 February.
    • Apprehension over the outcome of the Sino-U.S. trade talks and Brexit uncertainties saw demand for gold rise as the metal traded at Rs.3,465 per gram on 21 February.
    • Demand dropped as the week progressed on declining industrial offtake and a slowing down in jeweller orders as gold traded at Rs.3,434 per gram on 24 February.

    February 2019 - Week 4 (25-28):

    • Despite steady orders from jewellers, a drop in retail sales and weak overseas cues resulted in gold rates in Chandigarh slipping during the week.
    • Gold traded at Rs.3,434 per gram on 25 February on steady orders from both local as well as overseas industrial units.
    • A stalemate in the Sino-U.S. trade talks boosted the dollar and equity markets as investors switched to stocks, resulting in gold prices falling to Rs.3,428 per gram on 28 February as the metal recorded a marginal rise of 0.14% in value during the month.

    Trend of Gold Rate in Chandigarh for January 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    Rate on 1st January 2019 Rs.3,234per gram
    Rate on 31st January 2019 Rs.3,397per gram
    Highest Rate in January 2019 Rs.3,397per gram on 31 January
    Lowest Rate in January 2019 Rs.3,234 per gram on 1 January
    Overall Performance Incline
    Percentage Change 5.04%
    Comparison for 24 K Gold Rates for Chandigarh January 2019
    Graph for Gold Rate (24K) in Chandigarh January 2019

    January 2019 - Week 1 (1 - 6):

    • Echoing trends seen across other Indian cities, gold rates in Chandigarh were on the rise as steady local demand and a weak dollar boosted demand for the yellow metal.
    • The year began with gold trading at Rs.3,234 per gram and rose to Rs.3,281 per gram on 4 January on growing retail demand.
    • The continued U.S. government shutdown rattled global markets and led to increased demand for gold.
    • Prices dropped marginally as the week ended, with gold trading at Rs.3,276 per gram on 6 January.

    January 2019 - Week 2 (7 - 13):

    • With the U.S. government shutdown continuing and Brexit fears denting global currencies, gold prices in Chandigarh benefitted from a weak dollar rate.
    • The precious metal traded at Rs.3,245 per gram on 7 January and rose consistently during the week on steady local and overseas demand.
    • Prices rose to Rs.3,266 per gram on 10 January as global markets tumbled after the Brexit deal was rejected in the U.K. parliament.
    • The yellow metal continued its upward price trend, closing the week at Rs.3,297 per gram when the week ended on 13 January.

    January 2019 - Week 3 (14 - 20):

    • Gold rate in Chandigarh reflected trends seen across most cities, as rattled investors sought refuge in bullion as a hedge against equity losses during an uncertain week for markets and currencies.
    • The precious metal traded at Rs.3,297 per gram on 14 January on strong demand from jewellers, who took advantage of a weak dollar and increased retail demand due to the wedding season.
    • Gold price in Chandigarh rose to Rs.3,318 per gram on 16 January as markets reacted negatively to news of the Brexit deadlock in the U.K, with industrial demand also on the increase.
    • The end of the week saw a further rise in the yellow metal’s appeal as gold traded at Rs.3,334 per gram on 20 January amidst rising investor interest and growing regional demand.

    January 2019 - Week 4 (21-27):

    • Demand for gold fluctuated as a drop in industrial demand from China and conflicting market cues affected gold price in Chandigarh.
    • The yellow metal opened at Rs.3,334 per gram on 21 January but dropped to Rs.3,313 per gram on 22 January as retail demand could not sustain a sharp drop in overseas investor demand.
    • Prices recovered marginally as the ongoing shutdown and Brexit talks pressured equity markets, with gold rising to Rs.3,318 per gram on 24 January.
    • The political crisis in Venezuela sent markets sliding and boosted interest in bullion as gold prices surged to Rs.3,344 per gram on 27 January.

    January 2019 - Week 5 (28-31):

    • Gold prices in Chandigarh rose steadily on growing retail sales and industrial offtake, opening at Rs.3,344 per gram on 28 January.
    • Market volatility due to the constitutional crisis in Venezuela and ongoing tensions over the border wall in the U.S. led to the dollar falling sharply which boosted gold demand as the metal traded at Rs.3,360 per gram on 30 January.
    • Investor confidence shifted to bullion ahead of the Fed Reserve meeting and led to an increase in gold offtake as the metal ended the month at Rs.3,397 per gram on 31 January to record a 5.04% rise in value during the month.

    Trend of Gold Rate in Chandigarh for December 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    December 1 Rate Rs.3,108 per gram
    December 31 Rate Rs.3,239 per gram
    Highest Rate in December Rs.3,260 per gram on 12 December
    Lowest Rate in December Rs.3,108 per gram on 1 December
    Overall Monthly Performance Incline
    Percentage Change 4.21%
    Comparison for 24 K Gold Rates for Chandigarh December 2018
    Graph for Gold Rate (24K) in Chandigarh December 2018

    December 2018 - Week 1 (1 - 9):

    Parameters Gold price (per gram of 24 karat gold)
    December 1 Rate Rs.3,108 per gram
    December 9 Rate Rs.3,176 per gram
    Overall Weekly Performance Incline

    • Gold opened the month at Rs.3,108 per gram on rising local demand, with overseas trends also positive as investors increased safe-haven asset purchases.
    • The continued market volatility due to Brexit impact fears and a perceived economic slowdown also boosted gold demand, as prices rose to Rs.3,166 per gram on 6 December.
    • Prices continued to rise as retail sales jumped, with gold rates in Chandigarh closing at Rs.3,176 per gram on 9 December on strong local as well as overseas interest.

    December 2018 - Week 2 (10 - 16):

    Parameters Gold price (per gram of 24 karat gold)
    December 10 Rate Rs.3,176 per gram
    December 16 Rate Rs.3,229 per gram
    Overall Weekly Performance Incline
    • A falling rupee and positive overseas trends helped boost gold rates in Chandigarh over the course of the week.
    • The yellow metal opened trading at Rs.3,176 per gram, with prices climbing to Rs.3,260 per gram on 12 December as international demand rose sharply.
    • As markets stabilised and the dollar recovered, demand for the metal dipped to Rs.3,229 per gram and remained the same till the week ended.

    December 2018 - Week 3 (17 - 23):

    Parameters Gold price (per gram of 24 karat gold)
    December 17 Rate Rs.3,229 per gram
    December 23 Rate Rs.3,187 per gram
    Overall Weekly Performance Decline
    • Gold was priced at Rs.3,229 per gram on the 17th of December in Chandigarh, which then dropped to Rs.3,213 per gram the next day.
    • On the 19th, gold rates went up to Rs.3,224 per gram before before a drop in demand saw prices tumble to Rs.3,176 per gram the next day.
    • The next three days saw gold rates improve slightly and end at Rs.3,187 per gram on the final day of the week.

    December 2018 - Week 4 (24 - 31):

    Parameters Gold price (per gram of 24 karat gold)
    December 24 Rate Rs.3,187 per gram
    December 31 Rate Rs.3,239 per gram
    Overall Weekly Performance Incline
    • Gold was recorded trading at Rs.3,187 per gram on the 24th when the week commenced with strong local demand amid the positive market trends overseas.
    • The appetite for safe-haven assets surged considerably during the week with investors concerned by the continued US-Sino trade dispute amid the faltering economic growth.
    • When trading concluded for the month, gold rate in Chandigarh was recorded holding at Rs.3,239 per gram on the 31st, recording an incline of 4.21% in gold rates during the course of the month.

    Trend of Gold Rate in Chandigarh for November 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    November 1 Rate Rs.3,255 per gram
    November 30 Rate Rs.3,124 per gram
    Highest Rate in November Rs.3,266 per gram on 7 November
    Lowest Rate in November Rs.3,124 per gram on 30 November
    Overall Monthly Performance Decline
    Percentage Change -4.02%

    November 2018 - Week 1 (1 - 4):

    Parameters Gold price (per gram of 24 karat gold)
    November 1 Rate Rs.3,255 per gram
    November 4 Rate Rs.3,260 per gram
    Overall Weekly Performance Incline
    • Trading commenced for the month with gold rate in Chandigarh holding at Rs.3,255 per gram on the 1st amid weak trends overseas.
    • Subdued demand coupled with poor global cues led to gold being priced at Rs.3,250 per gram until the 3rd.
    • The week came to an end with gold priced at Rs.3,260 per gram on the 4th following an increase in domestic demand from industries, retailers and jewellers.

    November 2018 - Week 2 (5 - 11):

    Parameters Gold price (per gram of 24 karat gold)
    November 5 Rate Rs.3,260 per gram
    November 11 Rate Rs.3,203 per gram
    Overall Weekly Performance Decline
    • The week began with gold in Chandigarh trading at Rs.3,260 per gram on the 5th with steady local demand from industries, jewellers and retailers amid firm overseas trends.
    • With local markets ramping purchases amid the festive season, prices surged to Rs.3,266 per gram on the 8th.
    • However, with the US dollar gaining against other apex currencies following the Federal Reserve's monetary policy statement, gold prices dropped to Rs.3,203 per gram on the 11th as the week concluded.

    November 2018 - Week 3 (12 - 18):

    Parameters Gold price (per gram of 24 karat gold)
    November 12 Rate Rs.3,203 per gram
    November 18 Rate Rs.3,192 per gram
    Overall Weekly Performance Decline
    • Gold opened the week at Rs.3,203 per gram on 12 November on steady local demand before rising to Rs.3,208 per gram on 13 November.
    • The ongoing Brexit negotiations, as well as geopolitical tensions in the U.S., impacted markets, though the dollar continued to gain against other currencies.
    • Gold price in Chandigarh fell to Rs.3,161 per gram on 15 November as local demand waned due to the rising gold cost associated with the falling rupee.
    • As markets reeled from Brexit news and the Saudi Arabian diplomatic crisis, investors once again looked to gold as a safe-haven, resulting in prices rising to Rs.3,192 per gram on 18 November.

    November 2018 - Week 4 (19 - 25)

    Parameters Gold price (per gram of 24 karat gold)
    November 19 Rate Rs.3,192 per gram
    November 25 Rate Rs.3,145 per gram
    Overall Weekly Performance Decline
    • In spite of the wedding season, there was a sharp drop in retail gold sales and jeweller demand which impacted gold prices in Chandigarh.
    • The precious metal traded at Rs.3,192 per gram on 19 November before a falling rupee resulted in poor retail demand.
    • Industrial offtake was also poor as Asian demand slowed due to a strengthening of the dollar, which made imports more expensive.
    • Prices fell to Rs.3,145 per gram when the week closed on 25 November on stagnant local demand, with gold losing Rs.47 in value during the week.

    November 2018 - Week 5 (26 - 30):

    Parameters Gold price (per gram of 24 karat gold)
    November 26 Rate Rs.3,145 per gram
    November 30 Rate Rs.3,124 per gram
    Overall Weekly Performance Decline
    • Demand for gold fell sharply over the course of the week, as a falling rupee and waning investor interest affected prices.
    • The precious metal opened the week at Rs.3,145 per gram on 26 November before dropping marginally to Rs.3,140 per gram on 27 November.
    • Prices bounced back to Rs.3,145 per gram on 28 November amidst market uncertainty due to Brexit deal talks.
    • A rising dollar ahead of the G20 summit pushed gold prices in Chandigarh to Rs.3,124 per gram on 30 November amid poor offtake locally and overseas.

    Trend of Gold Rate in Chandigarh for October 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    October 1 Rate Rs.3,140 per gram
    October 31 Rate Rs.3,260 per gram
    Highest Rate in October Rs.3,271 per gram on 25 October
    Lowest Rate in October Rs.3,140 per gram on 1 October
    Overall Monthly Performance Incline
    Percentage Change 3.82%
    Comparison for 24 K Gold Rates for Chandigarh oct-1 2018
    Graph for Gold Rate (24K) in Chandigarh oct-1 2018

    October 2018 - Week 1 (1 - 7):

    Parameters Gold price (per gram of 24 karat gold)
    October 1 Rate Rs.3,140 per gram
    October 7 Rate Rs.3,229 per gram
    Overall Weekly Performance Incline
    • Gold rates in Chandigarh rose during the week as retail demand continued to grow, with the precious metal opening the week at Rs.3,140 per gram.
    • Prices were unchanged for a few days as gains were capped due to the depreciating rupee, as retail demand grew steadily.
    • Industrial demand from Asia was on the increase in spite of the strengthening dollar, which saw gold prices rise to Rs.3,197 per gram on 4 October.
    • A minor dip in price saw the yellow metal trade at Rs.3,187 per gram on 6 October before investor buying pushed prices to Rs.3,229 per gram on 7 October.

    October 2018 - Week 2 (8 - 14):

    Parameters Gold price (per gram of 24 karat gold)
    October 8 Rate Rs.3,229 per gram
    October 14 Rate Rs.3,245 per gram
    Overall Weekly Performance Incline
    • Gold was priced at Rs.3,229 per gram on 8 October. The price of the metal dipped after the dollar rose in value.
    • On 11 October the gold in Chandigarh rose in value after the dollar and global stocks dropped in value.
    • Week 2 ended with gold trading at Rs.3,245 per gram, recording an inclining trend in the price of gold.

    October 2018 - Week 3 (15 - 21):

    Parameters Gold price (per gram of 24 karat gold)
    October 15 Rate Rs.3,245 per gram
    October 21 Rate Rs.3,255 per gram
    Overall Weekly Performance Incline
    • Following trends seen across other cities, gold rates in Chandigarh saw a steady rise in value due to positive market forces and a fluctuating dollar rate.
    • The precious metal opened trading at Rs.3,245 per gram on 15 October on steady local demand, though industrial demand remained sluggish.
    • Prices rose to Rs.3,266 per gram on 17 October as interest in gold rose over fears the ongoing Sino-U.S. trade dispute would negatively affect economic growth.
    • A spurt in the dollar rate saw gold fall to Rs.3,239 per gram on 19 October before prices once again rose on steady local demand.
    • The end of the week saw gold trade at Rs.3,255 per gram to record a Rs.10 rise in price during the week.

    October 2018 - Week 4 (22 - 28):

    Parameters Gold price (per gram of 24 karat gold)
    October 22 Rate Rs.3,255 per gram
    October 28 Rate Rs.3,266 per gram
    Overall Weekly Performance Incline
    • Gold prices in Chandigarh rose steadily during the week, boosted by growing retail demand and uncertainty across stock markets.
    • The precious metal opened trading at Rs.3,255 per gram on 22 October before dropping briefly to Rs.3,250 per gram on 23 October on demand fluctuations.
    • As the week progressed, demand from jewellers rose ahead of the festive season, which helped raise gold prices to Rs.3,271 per gram on 26 October.
    • Market uncertainty following the surprise tech stocks crash increased investor interest in gold, as the metal traded at Rs.3,266 per gram on 27 October.
    • Prices remained unchanged as the week drew to a close, with gold priced at Rs.3,266 per gram on 28 October to record a rise in price of Rs.11.

    October 2018 - Week 5 (29-31):

    Parameters Gold price (per gram of 24 karat gold)
    October 29 Rate Rs.3,266 per gram
    October 31 Rate Rs.3,260 per gram
    Overall Weekly Performance Decline
    • Echoing trends seen across other Indian cities, gold rates in Chandigarh fell in the last week on poor demand from industrial units and a falling rupee.
    • When trading began on 29 October, gold was priced at Rs.3,266 per gram on growing demand from jewellers ahead of the festive season.
    • The fluctuating rupee and volatile equity markets also bolstered demand for bullion overseas, though the rising dollar capped gold gains locally.
    • Prices remained unchanged as the rising cost acted as a deterrent for some retail consumers, resulting in gold remaining constant at Rs.3,266 per gram on 30 October.
    • Demand was steady but prices fell to Rs.3,260 per gram on 31 October due to the falling rupee and poor overseas cues.

    Trend of Gold Rate in Chandigarh for September 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    September 1 Rate Rs.3,103 per gram
    September 30 Rate Rs.3,140 per gram
    Highest Rate in September Rs.3,155 per gram on 19 September
    Lowest Rate in September Rs.3,082 per gram on 3 September
    Overall Monthly Performance Incline
    Percentage Change 1.19%
    Comparison for 24 K Gold Rates for Chandigarh August 2018
    Graph for Gold Rate (24K) in Chandigarh August 2018

    September 2018 - Week 1 (1 - 8):

    Parameters Gold price (per gram of 24 karat gold)
    September 1 Rate Rs.3,103 per gram
    September 8 Rate Rs.3,124 per gram
    Overall Weekly Performance Incline
    • Echoing trends seen across major Indian cities, gold prices in Chandigarh opened at Rs.3,103 per gram on 1 September.
    • The drop in price on 3 September was attributed to a fall in the dollar rate as the rupee rose significantly.
    • Prices remained low for a few days as retail demand dropped marginally, though prices recovered to Rs.3,098 per gram on 5 September.
    • The possibility of an interest rate hike by the Federal Reserve didn’t deter investors from booking gold, as the metal’s price rose to Rs.3,119 per gram on 7 September.
    • Gold rates climbed to Rs.3,124 per gram as the week ended on 8 September.

    September 2018 - Week 2 (9 - 14):

    Parameters Gold price (per gram of 24 karat gold)
    September 9 Rate Rs.3,124 per gram
    September 14 Rate Rs.3,134 per gram
    Overall Weekly Performance Incline
    • There was little fluctuation in gold prices during the second week of September as stable demand and a volatile dollar led to higher interest in gold.
    • The precious metal opened trading on 9 September at Rs.3,124 per gram before increased demand from Asia pushed prices to Rs.3,129 per gram on 10 September.
    • Fears of the impact of a global trade war led to increased interest in gold as a safe-haven asset, which further pushed prices up to Rs.3,145 per gram on 13 September.
    • Fluctuations in the dollar rate negatively impacted gold, as the metal closed the week priced at Rs.3,134 per gram on 14 September.

    September 2018 - Week 3 (15 - 22):

    Parameters Gold price (per gram of 24 karat gold)
    September 15 Rate Rs.3,129 per gram
    September 22 Rate Rs.3,150 per gram
    Overall Weekly Performance Incline
    • As demand for gold rose across different verticals, the price of the metal saw a steady increase during the week.
    • The precious metal traded at Rs.3,129 per gram when trading opened on 15 September, with strong local demand keeping prices on course.
    • Gold rose to Rs.3,134 per gram on 16 September and remained static for a few days as the escalating Sino-U.S. trade tensions negatively impacted stock markets.
    • The dollar recovered by the middle of the week as gold continued to rise on growing local demand from jewellers, reaching Rs.3,145 per gram on 19 September.
    • Prices rose to Rs.3,155 per gram on 20 September before a drop in demand led to gold falling to Rs.3,150 per gram on 21 September.
    • There was no change in price as the week ended on 22 September, with gold recording an increase of Rs.21 over the course of the week.

    September 2018 - Week 4 (23 - 30):

    Parameters Gold price (per gram of 24 karat gold)
    September 23 Rate Rs.3,145 per gram
    September 30 Rate Rs.3,140 per gram
    Overall Weekly Performance Decline
    • Retail demand rose as local jewellers increased orders ahead of the festive season, with gold trading at Rs.3,145 per gram on 23 September.
    • Industrial demand was also on the rise, as Asian demand capitalised on the volatile markets and falling dollar rate.
    • Gold rose to Rs.3,155 per gram on 26 September amidst fears of the impact of a trade war between the United States and China.
    • Prices remained steady for a few days before falling after the Federal Reserve raised interest rates.
    • Prices fell sharply as the dollar was boosted by the rate hike and gold slumped to Rs.3,113 per gram on 29 September.
    • The month ended with gold prices trading at Rs.3,140 per gram on 30 September to record a Rs.5 drop in price during the week.

    Trend of Gold Rate in Chandigarh for August 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    August 1 Rate Rs.3,050 per gram
    August 31 Rate Rs.3,092 per gram
    Highest Rate in August Rs.3,092 per gram on 31 August
    Lowest Rate in August Rs.3,003 per gram on 16 August
    Overall Monthly Performance Incline
    Percentage Change 1.37%
    Comparison for 24 K Gold Rates for Chandigarh July 2018
    Graph for Gold Rate (24K) in Chandigarh July 2018

    August 2018 - Week 1 (1 - 5):

    Parameters Gold price (per gram of 24 karat gold)
    August 1 Rate Rs.3,050 per gram
    August 5 Rate Rs.3,035 per gram
    Overall Weekly Performance Decline
    • The price of gold in Chandigarh followed trends seen across cities, with prices falling due to poor demand and a rising dollar rate.
    • Gold opened the week at Rs.3,050 per gram, as steady industrial demand kept prices stable in spite of declining retail demand.
    • The Federal Reserve’s positive assessment of the U.S. economy caused the dollar and stock markets to rise, as gold fell to Rs.3,035 per gram on 3 August.
    • Prices fell sharply to Rs.3,019 per gram on 4 August after the dollar recovered from fresh tensions with Iran and a possible trade war with the European Union.
    • Demand for gold rose as the week ended, with the precious metal priced at Rs.3,035 per gram on 5 August.

    August 2018 - Week 2 (6 - 12):

    Parameters Gold price (per gram of 24 karat gold)
    August 6 Rate Rs.3,035 per gram
    August 12 Rate Rs.3,050 per gram
    Overall Weekly Performance Incline
    • Gold prices in Chandigarh increased in demand during the second week of August as the dollar stabilised during this time.
    • The gold rate in Chandigarh stood at Rs.3,035 per gram on 6 August, as the dollar weakened during this period.
    • The dollar then increased to a 13 month high on 10 August which had an effect on the gold rates in Chandigarh.
    • Gold rate in Chandigarh then shot up to Rs.3,050 per gram on 12 August. During this time, European banks were exposed to Turkey, which in turn led to the strengthening of the dollar.
    • The week ended with an incline trend in Gold rates in Chandigarh. At the end of the week ending 12 August, gold rate in Chandigarh stood at Rs.3,050 per gram.

    August 2018 - Week 3 (13 - 19):

    Parameters Gold price (per gram of 24 karat gold)
    August 13 Rate Rs.3,050 per gram
    August 19 Rate Rs.3,014 per gram
    Overall Weekly Performance Decline
    • The gold price in the Chandigarh in Week 3 of August was declining as dollar rates hit a near 13-month high.
    • On 13 August, the gold price in Chandigarh stood at Rs.3,050 per gram. During the same period, the dollar value was on a rise.
    • The gold price then stabilised for a few days after which it declined marginally towards the end of the week.
    • At the end of Week 3, the gold rate in Chandigarh declined in comparison to the former part of the week. The price of the metal on 19 August stood at Rs.3,014 per gram. This was during the same period when US - China trade talks were in place.

    Week 3 ended with the metal priced at Rs.3,014 per gram, and showed a declining trend for the week ending 19 August.

    August 2018 - Week 4 (20 - 26):

    Parameters Gold price (per gram of 24 karat gold)
    August 20 Rate Rs.3,014 per gram
    August 26 Rate Rs.3,035 per gram
    Overall Weekly Performance Incline
    • In Chandigarh, gold was recorded trading at Rs.3,014 per gram on the 20th when the week began and continued trading at the same rate the next day with steady local demand.
    • Thanks to an increase in global demand brought about by the weakening US dollar and equities, gold price in Chandigarh rose to Rs.3,024 per gram on the 22nd which surged further to Rs.3,040 per gram on the 23rd amid the firm trend overseas.
    • The 24th, however, saw gold rate in Chandigarh stabilising at Rs.3,035 per gram with steady local demand from industries and jewellers amid favourable trends overseas.
    • The week ended with gold price in Chandigarh holding steady at Rs.3,035 per gram on the 26th amid the firm market trends overseas.

    August 2018 Week 5 (27 - 31):

    Parameters Gold price (per gram of 24 karat gold)
    August 27 Rate Rs.3,035 per gram
    August 31 Rate Rs.3,092 per gram
    Overall Weekly Performance Incline
    • Demand for gold in Chandigarh rose on steadily increasing retail demand ahead of the festive season as well as a declining dollar.
    • Gold traded at Rs.3,035 per gram when the week began as demand for the metal was stagnant; however, prices rose as the rupee began to strengthen against the dollar.
    • Prices jumped to Rs.3,082 per gram on 28 August after the dollar plunged on news that the Federal Reserve would be slowing down interest rate hikes.
    • Prices dipped briefly to Rs.3,077 per gram on 30 August as the rupee weakened once again, but strong demand and a low dollar maintained prices.
    • The month ended with gold priced at Rs.3,092 per gram.

    Trend of Gold Rate in Chandigarh for July 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    July 1 Rate Rs.3,124 per gram
    July 31 Rate Rs.3,056 per gram
    Highest Rate in July Rs.3,140 per gram on 7 July
    Lowest Rate in July Rs.3,056 per gram on 18 and 31 July
    Overall Monthly Performance Decline
    Percentage Change -2.17%
    Comparison for 24 K Gold Rates for Chandigarh June 2018
    Graph for Gold Rate (24K) in Chandigarh June 2018

    July 2018 - Week 1 (1 - 7):

    Parameters Gold price (per gram of 24 karat gold)
    July 1 Rate Rs.3,124 per gram
    July 7 Rate Rs.3,140 per gram
    Overall Weekly Performance Incline
    • The week began in Chandigarh with gold being priced at Rs.3,124 per gram, which continued on till the closing hours of the 2nd.
    • Rates fell to Rs.3,113 per gram on the 3rd as demand from the market fell after fell after the US dollar surged against other currencies.
    • As the dollar seemed to rise, demand dropped and gold rates went down to Rs.3,103 per gram on the 3rd.
    • Gold rates moved back up to Rs.3,129 per gram on the 5th as markets fell and the US dollar weakened significantly after the trade war between the US and China wreaked havoc on the dollar.
    • On the 6th, gold rate in Chandigarh rose to Rs.3,134 per gram as demand went further up after the dollar failed to recover and investors everywhere took advantage of this.
    • As the US dollar remained weak and local demand improved, gold rates rose up to Rs.3,140 per gram at the time of closing on the 7th.

    July 2018 - Week 2 (8 - 14):

    Parameters Gold price (per gram of 24 karat gold)
    July 8 Rate Rs.3,134 per gram
    July 14 Rate Rs.3,092 per gram
    Overall Weekly Performance Decline
    • The second week of trading began with gold rate in Chandigarh holding at Rs.3,134 per gram on the 8th amid firm overseas trends.
    • Steady domestic demand from local industrial units, jeweller and retailers brought about by the weakened US dollar and losing equities resulted in gold being priced at Rs.3,134 per gram for the next few days.
    • The yellow metal was recorded trading at Rs.3,119 per gram on the 12th before an incline in the dollar value amid the intensifying US-Sino trade talks led to prices plummeting to Rs.3,103 per gram on the 13th.
    • The week came to an end with todays gold rate in Chandigarh closing at Rs.3,092 per gram with global demand held in check by the strong US dollar and well-performing equities.

    July 2018 - Week 3 (15 - 22):

    Parameters Gold price (per gram of 24 karat gold)
    July 15 Rate Rs.3,092 per gram
    July 22 Rate Rs.3,082 per gram
    Overall Weekly Performance Decline
    • When the week began in Chandigarh, gold was priced at Rs.3,092 per gram. This rate continued to hold steady for the next two days, i.e., the 16th and 17th as there was sustained demand for the metal, with some investors exercising cautious ahead of the Fed meeting.
    • After the dollar started to rise, gold rates went down to Rs.3,087 per gram on the 18th before gold going down to a yearly low figure on the 19th in eh global market.
    • This caused gold rates to plummet to Rs.3,056 per gram - a Rs.31 per gram decline.
    • As the dollar fell, gold demand surged and the metal traded at Rs.3,061 per gram over the 20th and the 21st.
    • The week came to an end with gold prices rising by Rs.21- and the metal traded at Rs.3,082 per gram

    July 2018 Week 4 (22 - 31):

    Parameters Gold price (per gram of 24 karat gold)
    July 22 Rate Rs.3,082 per gram
    July 31 Rate Rs.3,056 per gram
    Overall Weekly Performance Decline
    • Gold prices in Chandigarh were on the rise as the fourth week began, but poor demand and market forces such as the rising dollar rate led to prices falling sharply.
    • The yellow metal opened trading at Rs.3,082 per gram on 22 July, as the momentary drop in the dollar rate saw gold prices make some gains.
    • The ongoing trade crisis between the U.S. and China affected equity markets, but investors chose not to invest in gold, resulting in prices dipping.
    • Tensions between the U.S. and Iran once more led to market turbulence, as gold prices traded at Rs.3,077 per gram on 27 July.
    • Fluctuations in the rate were observed over the rest of the week, as gold dipped to Rs.3,056 per gram when the month ended on 31 July.

    Trend of Gold Rate in Chandigarh for June 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    June 1 Rate Rs.3,166 per gram
    June 30 Rate Rs.3,124 per gram
    Highest Rate in June Rs.3,192 per gram on 16 June
    Lowest Rate in June Rs.3,119 per gram on 29 June
    Overall Monthly Performance Decline
    Percentage Change 1.32%
    Comparison for 24 K Gold Rates for Chandigarh May 2018
    Graph for Gold Rate (24K) in Chandigarh May 2018

    June 2018 - Week 1 (1st - 10th)

    • Gold was priced at Rs.3,166 per gram in Chandigarh before dropping to Rs.3,155 per gram the next day. This drop occurred due to the release of the US jobs data.
    • On the 3rd, gold continued to trade at Rs.3,155 per gram as demand was steady in the local market while they fell in other major cities.
    • As demand was a little steady, gold continued to trade at Rs.3,155 per gram on the 4th of June.
    • On the 5th, prices dropped to Rs.3,145 per gram after the dollar overpowered other apex currencies and markets almost improved.
    • The 6th saw gold rates rise to Rs.3,150 per gram as various concerns in the US led to a decline in the dollar and the subsequent rise in gold prices.
    • Gold rate in Chandigarh rose to Rs.3,155 per gram on the 7th before falling to Rs.3,150 per gram the next day.
    • The 9th recorded a significant rise in prices and gold traded at Rs.3,187 per gram - a whopping Rs.37 rise after Donald Trump decided to openly criticise other G7 nations over the trade policy.
    • The first week of June drew to a close with the precious metal trading at Rs.3,187 per gram.

    June 2018- Week 2 (11th-17th)

    • The precious metal opened the week trading at Rs.3,171 per gram on 11 June in Chandigarh, as local demand kept prices from fluctuating.
    • Overseas demand was on the decline as investors looked to the rising dollar and equity performance.
    • The upcoming summit between Donald Trump and Kim Jong-un kept the dollar rate stable, as gold price in Chandigarh fell to Rs.3,166 per gram on 13 June due to lack of demand.
    • Local jewellers also reduced orders as a high dollar rate made importing gold more expensive, which further dented demand for the metal.
    • The renewal of a possible trade war between the United States and China led to world markets once again fluctuating, as investors sought safe-haven assets like gold.
    • The precious metal’s price rose to Rs.3,192 per gram on 15 June I early trading but prices slipped during the day due to falling demand.
    • An impending rate hike by the Federal Reserve bolstered the dollar, as demand for gold fell and prices dropped to Rs.3,161 per gram as the week ended on 17 June.

    June 2018 - Week 3 (18th - 24th)

    • The fourth week began in Chandigarh with the yellow metal priced at Rs.3,161 per gram on the 18th amid positive market trends.
    • Prices dropped to Rs.3,150 per gram on the 19th after the dollar gained against a basket of other apex currencies, making bullion purchases expensive for foreign investors.
    • However, with safe-haven demand surging amid the rising US-North Korean geopolitical tensions, gold rates rose to Rs.3,166 per gram on the 20th.
    • Prices remained unaltered at Rs.3,166 per gram until the 22nd with consistent domestic demand from local retailers and jewellers amid favourable market cues.
    • The 23rd saw the yellow metal prices dropping to Rs.3,124 per gram with the greenback touching near eleven-month highs on the international front.
    • The week came to an end with the bullion priced at Rs.3,124 per gram on the 24th with subdued retail demand for the metal amid weak overseas trends.

    June 2018 - Week 4 (25th - 30th)

    • When the week began in Chandigarh, gold was priced at Rs.3,134 per gram. Rates were the same over the next two days, i.e., on the 26th and 27th as demand was steady.
    • The 28th saw gold rates drop to Rs.3,129 per gram due to weakened cues and a strong demand for the metal owing to this.
    • On the next day, i.e., the 29th, gold rates went up to Rs.3,140 per gram after a fall in the US dollar was capitalised on by local investors.
    • For the next two days, demand from the domestic market remained flat. This caused gold to trade at Rs.3,124 per gram over these two days.
    • On the last day of this week, gold was priced at Rs.3,124 per gram.

    Trend of Gold Rate in Chandigarh for May 2018 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    May 1 Rate Rs.3,192 per gram
    May 31 Rate Rs.3,187 per gram
    Highest Rate in May Rs.3,234 per gram on 14 May
    Lowest Rate in May Rs.3,171 per gram on 18 May
    Overall Monthly Performance Decline
    Percentage Change -0.15%
    Comparison for 24 K Gold Rates for Chandigarh April 2018
    Graph for Gold Rate (24K) in Chandigarh April 2018

    May 2018 - Week 1 (1st - 6th)

    • The month began with gold trading at Rs.3,192 per gram on the 1st with demand taking a hit amid the strengthening US dollar and rising equities.
    • Gold prices in Chandigarh plunged to Rs.3,176 per gram on the 3rd as investors and traders refrained from making purchases ahead of the US central bank meeting.
    • However, with the interest rates gradually hiked as expected, the US dollar softened. This led to prices improving for the rest of the week.
    • When trading closed for the week, the yellow metal was priced at Rs.3,197 per gram on the 6th, thanks to steady domestic demand from local jewellers and retailers coupled with positive global trends.

    May 2018 - Week 2 (7th - 13th)

    • When the week began in Chandigarh on the 7th, gold was priced at Rs.3,197 per gram.
    • Rates went up to Rs.3,203 per gram as the US dollar witnessed a slowdown and local demand went up consequently. Gold traded at Rs.3,203 per gram on the 8th and the 9th as sustained buying from local investors helped gold rates remain steady.
    • During the 10th, gold prices rose to Rs.3,208 per gram as there was a slight decline in the US dollar. Prices surged to Rs.3,213 per gram the next day, i.e., the 11th, as inflation figures that were released showed some subpar performance.
    • Inflation played a major role in helping gold rates rise this week. On the 12th, after the inflation data was unveiled, gold rates went up to Rs.3,134 per gram, recording a Rs.21 increase in less than a day.
    • On the final day of this week, gold was seen trading at Rs.3,134 per gram - due to steady demand.

    May 2018 - Week 3 (14th - 20th)

    • Trading commenced for the week with gold prices in Chandigarh holding at Rs.3,234 per gram on the 14th as a drop in the dollar value led to an increased industrial offtake for the metal.
    • The US dollar, however, rebounded from near one-week lows amid the rising equity markets and gold was priced at Rs.3,213 per gram on the 15th.
    • The 16th saw prices remaining unaltered at Rs.3,213 per gram, thanks to subdued but steady demand at the domestic level.
    • Poor trends overseas coupled with reduced domestic demand from local retailers, jewellers and industries led to gold being priced at Rs.3,187 per gram on the 17th.
    • With the US greenback hovering close to its highest level in 2018, gold rates dropped further to Rs.3,171 per gram on the 18th.
    • The next couple of days saw safe haven demand for the metal surging on account of the rising political tensions between the US and Italy.
    • The week concluded with the precious metal trading at Rs.3,192 per gram on the 20th with steady investor demand compounded by positive market trends.

    May 2018 - Week 4 (21st - 27th)

    • This week began in Chandigarh with the metal being priced at Rs.3,192 per gram, which dropped to Rs.3,182 per gram on the 22nd as demand dropped ahead of a strong dollar.
    • The 23th saw rates hold steady at Rs.3,182 per gram as cues were on the positive side, ahead of the weak Fed Reserve outlook.
    • On the 24th, gold rates went up to Rs.3,192 per gram as it was announced that the Fed Reserve had decided to keep the rates the same.
    • This caused markets to drop, which in turn pushed the dollar down. Safe-haven demand, on the other hand surged, and the metal traded at Rs.3,203 per gram on the 25th.
    • Trading session on the 26th also recorded a rise in gold rates, and the metal traded at Rs.3,213 per gram.
    • However, the US dollar regained some of its lost ground and curbed gold rates from rising further. On the final day, gold prices dropped by Rs.10 to Rs.3,203 per gram as a result of this.

    May 2018 - Week 5 (28th - 31st)

    • In Chandigarh, the week commenced with gold priced at Rs.3,203 per gram on the 28th as the bullion held onto its gains from the previous session.
    • With the US dollar dominating other apex currencies in the international markets, prices dropped to Rs.3,187 per gram on the 29th.
    • The rest of the week saw gold rates in Chandigarh remaining unaltered at Rs.3,187 per gram with demand suppressed by the strong greenback and equity markets.
    • The month witnessed gold prices dropping by 0.15% on account of the poor market trends that held domestic demand in check.

    Trend of Gold Rate in Chandigarh for April 2018 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    April 1 Rate Rs.3,140 per gram
    April 30 Rate Rs.3,208 per gram
    Highest Rate in April Rs.3,224 per gram on 20 April
    Lowest Rate in April Rs.3,129 per gram on 7 April
    Overall Monthly Performance Incline
    Percentage Change 2.16%
    Comparison for 24 K Gold Rates for Chandigarh March 2018
    Graph for Gold Rate (24K) in Chandigarh March 2018

    April 2018- Week 1 (1st-7th)

    • Gold prices in Chandigarh saw minimal movement in the first week of April as steady local demand kept prices stable.
    • The yellow metal was priced at Rs.3,140 per gram on 1 April and stayed constant the following day as local demand was muted.
    • Gold rate in Chandigarh jumped to Rs.3,161 per gram on 3 April as global equity markets fell on fears of an economic downturn due to the renewal of trade tensions between China and the U.S.
    • A lower dollar rate also led to increased demand from industrial units, especially in Asian countries due to the cheaper import rates.
    • A sharp dip in gold rates was seen as the dollar recouped its losses following the release of better-than-expected unemployment figures, which buoyed stock markets.
    • Gold fell to Rs.3,134 per gram on 5 April as local retail demand fell on unfavourable market cues.
    • The end of the wedding season and steady local equities also contributed to declining interest in gold, as the precious metal’s value fell to Rs.3,129 per gram on 6 April.
    • Prices recovered as the week ended, with gold trading at Rs.3,140 per gram on 7 April to end the week flat.

    April 2018- Week 2 (8th -15th)

    • In Chandigarh, when the week began, gold opened at Rs.3,140 per gram.
    • Local demand was largely steady for most of this week and gold prices saw little change for the first four days.
    • From the 8th to the 11th, gold continued to trade at Rs.3,140 per gram.
    • This, however, changed on the 12th as global cues improved amidst the beginning of a war between the US and Syria.
    • Gold rates surged to Rs.3,166 per gram on the 12th before rising to Rs.3,197 per gram the next day.
    • Even though gold demand was high in the international market, rates dropped in Delhi owing to saturated demand.
    • On the 14th, the yellow metal traded at Rs.3,171 per gram before rising to Rs.3,187 per gram on the last day of this week.

    April 2018 - Week 3 (16th - 22nd)

    • The third week began with gold priced at Rs.3,208 per gram on the 16th with steady demand from local industries, retailers and jewellers in Chandigarh.
    • However, the US dollar rose against a basket of currencies with the US housing and industrial production data reporting positive numbers during the number of March. This led to gold prices dropping to Rs.3,192 per gram on the 17th.
    • An increase in safe-haven demand for the metal around the world amid the rising global tension led to gold rate in Chandigarh recovering to Rs.3,197 per gram the following day.
    • Though gold continued trading at the same rate on the 19th, an increase in orders from the Asian continent amid the weakened US dollar led to gold prices surging to Rs.3,224 per gram on the 20th.
    • But with the US dollar index recovering from its previous streak of losses, demand for gold plunged. This led to gold rates plummeting to Rs.3,213 per gram on the 21st.
    • When the week came to an end, the precious metal was recorded trading slightly higher at Rs.3,218 per gram on the 22nd following an increase in demand due to the local wedding season.

    April 2018 - Week 4 (23rd - 30th):

    • When the fourth week of April began in Chandigarh, gold was priced at Rs.3,218 per gram.
    • On the 24th, gold prices declined to Rs.3,197 per gram - a Rs.21 per gram drop as domestic demand took a massive hit.
    • The yellow metal continued to trade at Rs.3,197 per gram before rising up to Rs.3,213 per gram on the 26th.
    • Gold rate in Chandigarh held on at Rs.3,213 per gram on the 27th but another decline in demand pushed prices down to Rs.3,197 per gram the next day.
    • The final day of this week gold price in Chandigarh surged to Rs.3,208 per gram as demand seemed to be on the rise.

    Trend of Gold Rate in Chandigarh for March 2018 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold Rate on 1st March 2018 Rs.3,043 per gram
    Gold Rate on 31st March 2018 Rs.3,072 per gram
    Highest Rate in March Rs.3,105 per gram on 24 and 25 March
    Lowest Rate in March Rs.3,030 per gram on 19 March
    Overall Monthly Performance Incline
    Percentage Change 0.95%
    Graph for Gold Rate (24K) in Chandigarh February 2018
    gold-rate-chandigarh-graph-february-2018

    March 2018 - Week 1 (1 - 5):

    • The start of trading in gold saw the yellow metal priced at Rs.3,108 per gram on 1 March in Chandigarh.
    • Gold price in Chandigarh rose by a whopping Rs.25 to trade at Rs.3,134 per gram on 3 March in barely a day as markets tumbled across the world due to the imposition of tariffs on steel and aluminium imports into the United States.
    • Demand remained high as local industrial units also increased demand due to favourable import rates, keeping prices stable.
    • The fear of impending trade wars kept markets jittery in spite of a recovery in the bourses, which led to stable demand for gold over the course of the week.
    • Demand began to decline gradually as the week ended, with gold priced at Rs.3,129 per gram on 5 March.

    March 2018 - Week 2 (5-11):

    • Gold opened at Rs.3,129 per gram when the trading opened on the 5th of MArch.
    • Due to a strong dollar performance, gold rates dropped by Rs.10 and the metal traded at Rs.3,119 per gram on the 6th of March.
    • As the US dollar weakened, gold rates surged to Rs.3,a40 per gram on the 7th before dropping back to Rs.3,129 per gram on the 8th. The fall happened as the dollar bounced back while demand seemed to saturate.
    • The 9th saw gold rates drop again to Rs.3,113 per gram as investor sentiment remained quite weak.
    • With the US dollar seeing a decline amid poor wage gains, gold rates went back up to Rs.3,134 per gram on the 10th of March.
    • The week ended with gold still trading at Rs.3,134 per gram.

    March 2018 - Week 3 (12 - 18):

    • When trading commenced in Chandigarh, the precious metal was recorded trading at Rs.3,134 per gram on the 12th with steady demand for the bullion.
    • However, with the US payrolls and jobs data reporting an incline in the number of US jobs in February, the dollar strengthened. This led to gold rates dropping to Rs.3,124 per gram on the 13th.
    • Though rates remained unaltered at Rs.3,124 per gram the next day, the 15th saw gold price in Chandigarh rebounding to Rs.3,129 per gram with the US dollar losing its sheen following the abrupt dismissal of Rex Tillerson, the US Secretary of State.
    • With investors and traders refraining from making purchases ahead of the US Federal Reserve’s monetary policy meeting next week, the US dollar rose against other currencies. This led to gold rates in Chandigarh plunging to Rs.3,119 per gram on the 16th.
    • The US dollar rose further with markets bracing for the year’s first Fed rate hike by the Federal Reserve next week. This led to prices plummeting to Rs.3,103 per gram on the 17th.
    • The rest of the week saw bullion prices remaining untouched at Rs.3,103 per gram with reduced demand for the metal amid the weak trends overseas.

    March 2018 - Week 4 (19 - 25):

    • The price of gold in Chandigarh did not see much fluctuation in the fourth week of March, contrary to trends seen in other cities.
    • Gold opened the week at Rs.3,098 per gram on 19 March, with a slight rise seen due to higher demand from local jewellers.
    • A slip in equity markets due to the fears of a global trade war led to a drop in the dollar rate as well, which boosted interest in gold.
    • The metal traded at Rs.3,134 per gram on 22 March on the back of strong demand, with Asian industry increasing orders due to a low dollar rate.
    • Gold price in Chandigarh rose to Rs.3,145 per gram on 23 March as geopolitical uncertainty in the U.S. kept equity markets low.
    • A relatively dovish approach to monetary policy by the Fed led to consternation on the markets and soaring interest in gold, which rose to Rs.3,171 per gram on 25 March.

    March 2018 - Week 5 (26 - 31):

    • When trading commenced for the final week, the bullion prices were recorded holding steady at Rs.3,171 per gram on the 26th with steady domestic demand amid the strong global cues.
    • However, with the US greenback gaining against a basket of other emerging currencies after successfully diverting the trade war concerns between the US and China, gold prices in Chandigard plunged to Rs.3,161 per gram on the 27th.
    • The 28th saw gold rates recovering to Rs.3,166 per gram on the 28th with the US-Russian spat pushing demand higher for safe haven assets such as gold.
    • Steady global demand coupled with positive trends overseas led to gold being priced at Rs.3,166 per gram on the 29th.
    • With the dollar regaining lost ground over the next few days, demand for the metal declined. This led to gold rates in Chandigarh holding at Rs.3,134 per gram for the rest of the week.
    • Chandigarh recorded an incline of 0.67% in gold prices owing to the positive overseas trends during the month.

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    Trend of Gold Rate in Chandigarh for February 2018 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold rate on 1st February 2018 Rs.3,077 per gram
    Gold rate on 28th February 2018 Rs.3,129 per gram
    Highest Rate in February Rs.3,161 per gram on 17 and 18 February
    Lowest Rate in February Rs.3,035 per gram on 9 February
    Overall Monthly Performance Incline
    Percentage Change 1.68%
    Comparison for 24 K Gold Rates for Chandigarh January 2018
    Graph for Gold Rate (24K) in Chandigarh January 2018

    February 2018 - Week 1 (1st - 4th)

    • When trading commenced in Chandigarh, gold was priced at Rs.3,077 per gram on the 1st with steady demand for the metal.
    • Gold price in Chandigarh remained untouched at Rs.3,077 per gram on the 2nd owing to the continued purchases made by jewellers and retailers in the domestic market.
    • The strengthening US dollar and equities had no impact on Chandigarh’s demand for the precious metal. This led to gold being priced at Rs.3,077 per gram the next day too.
    • The week ended with the bullion holding steady at Rs.3,077 per gram on the 4th with steady and stable demand from industries, retailers and jewellers.

    February 2018 - Week 2 (5th -11th)

    • In Chandigarh, when the week began, gold was priced at a respectable Rs.3,082 per gram. But, as domestic demand was weak, gold prices went down to Rs.3,066 per gram the next day.
    • The 7th and the 8th saw gold trade at Rs.3,066 per gram as a weak dollar had a bullish effect on trading.
    • The 9th saw gold rate in Chandigarh drop to Rs.3,035 per gram as a strong dollar influenced the sentiments of local investors.
    • The 10th witnessed a surge in local demand, which led to a Rs.15 increase in prices and the metal traded at RS.3,050 per gram.
    • WIth the demand continuing to remain steady, gold rate in Chandigarh rose again on the 11th and gold was seen selling at Rs.3,056 per gram on the final day of the week.

    February 2018 - Week 3 (12th - 18th)

    • In Chandigarh, gold was priced at Rs.3,056 per gram on the 12th when the week began amid positive overseas trends.
    • With the US inflation data release scheduled later during the week, investors expected clues on the pace of the US interest rate increases. This led to gold price in Chandigarh rising to Rs.3,087 per gram on the 13th.
    • The 14th witnessed gold rate in Chandigarh surging to Rs.3,098 which rose further to Rs.3,103 per gram the next day with the US dollar losing against a number of other emerging currencies ahead of the inflation data.
    • However, with the data proving to be stronger than expected, investors gravitated towards the bullion to hedge against inflation. This led to gold rates in Chandigarh rising for the fourth consecutive session and the metal was priced at Rs.3,140 per gram on the 16th.
    • Prices remained unchanged at Rs.3,140 per gram on the 17th with steady demand for the safe-haven metal amid the firm global cues.
    • Strong trends overseas coupled with an increased domestic buying by local jewellers, industries and retailers resulted in the bullion being priced at Rs.3,161 per gram on the 18th when the week concluded.

    February 2018 - Week 4 (19th - 25th)

    • Gold traded at Rs.3,083 per gram in Chandigarh for the 19th before dropping to Rs.3,068 per gram the next day.
    • The dollar rose and continued to do so, which pushed gold price in Chandigarh dropped to Rs.3,057 per gram on the 21st of February.
    • The yellow metal’s rates fell for the third consecutive day and a Rs.4 decline was recorded on the 22nd, bringing gold prices effectively down to Rs.3,054 per gram.
    • However, local demand was boosted by a number of factors on the 23rd and the metal’s rates surged to Rs.3,060 per gram on this day.
    • As domestic demand remained strong amid a well-performing dollar, gold rate in Chandigarh surged to Rs.3,067 per gram on the 24th of February.

    February 2018 - Week 5 (26th - 28th)

    • The week began in Chandigarh with bullion prices holding steady at Rs.3,124 per gram o the 26th amid firm trends overseas.
    • On the 27th, gold rates rose to Rs.3,134 per gram with investors awaiting Fed Chairman Jerome Powell’s first congressional speech to the nation.
    • The month came to an end with gold price in Chandigarh plunging to Rs.3,129 per gram on the 28th after the US dollar rose against a basket of other emerging currencies in the global trade.
    • Strong overseas cues coupled with strong domestic demand from retailers, industries and jewellers led to gold rates in Chandigarh rising by 1.68% during the course of the month.

    Trend of Gold Rate in Chandigarh for January 2018 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold Rate on 1st January 2018 Rs.3,010 per gram
    Gold Rate on 31st January 2018 Rs.3,066 per gram
    Highest Rate in January Rs.3,115 per gram on 15, 16, 20 and 21 January
    Lowest Rate in January Rs.3,010 per gram on 1 and 2 January
    Overall Monthly Performance Incline
    Percentage Change 1.86%
    Comparison for 24 K Gold Rates for Chandigarh December 2017
    Graph for Gold Rate (24K) in Chandigarh December 2017

    January 2018 - Week 1 (1st - 7th)

    • When the new year began, the yellow metal was priced at Rs.3,010 per gram. Due to very little fluctuation in the local market, gold rate in Chandigarh continued at Rs.3,010 per gram on the 2nd of the month.
    • As gold hit near four-month highs amid a poor dollar, prices went up to Rs.3,045 per gram on the 3rd of January.
    • Reports claimed that “today’s gold rate” was affected by gold trading in the $1,310 per ounce range, the highest since September 2017.
    • After news of the payrolls data in the US broke out, the bullion market eased a little. This was why gold rates fell to RS.3,030 per gram on the the 4th.
    • But, as markets concluded that the data showed some below par performance, gold rate in Chandigarh went back up to Rs.3,045 per gram on the 5th.
    • This then surged to Rs.3,050 per gram on the 6th and continued on till the end of the week.

    January 2018 - Week 2 (8th - 14th)

    • The second week began with the yellow metal trading relatively lower at Rs.3,045 per gram on the 8th due to subdued demand from jewellers and industries from the previous week.
    • Though gold price in Chandigarh recovered to Rs.3,051 per gram on the 9th, poor global trends coupled with a strengthened US dollar index led to gold rates plunging to Rs.3,041 per gram on the 10th.
    • However, with the dollar losing against the Euro, demand for the metal by European investors increased. This led to the gold being priced at Rs.3,061 per gram on the 11th.
    • Gold rate in Chandigarh rose further to Rs.3,078 per gram on the 12th before touching a seven-week high of Rs.3,099 per gram on the 13th amid the weakened US dollar and poorly performing equities.
    • The week ended with the yellow metal prices remaining unchanged at Rs.3,099 per gram on the 14th owing to steady demand from industries and jewellers amid the positive overseas trends.

    January 2018 - Week 3 (15th - 21st)

    • Gold was trading at Rs.3,099 per gram when the week began in Chandigarh.
    • As the global market began to see increased sales, gold price in Chandigarh surged for the metal to trade at Rs.3,115 per gram on the 16th of January.
    • The yellow metal’s rates continued to remain at Rs.3,115 per gram on the 17th as well before an improvement in the dollar index caused bullion demand to subside.
    • On the 18th and the 19th, gold traded at Rs.3,095 per gram as a rising dollar was assisted by positive returns from the treasury yields.
    • However, this low demand couldn’t be sustained for long as news about a government shutdown cause gold rate in Chandigarh to rise significantly the next day.
    • Over the final two days, gold was trading at Rs.3,115 per gram, thanks to an increased demand.

    January 2018 - Week 4 (22nd - 28th)

    • On the 22nd of January, gold was priced at Rs.3,056 per gram.
    • With demand surging in the local circles amid a weak dollar, gold price in Chandigarh rose to Rs.3,066 per gram the next day.
    • A strong overseas demand coupled with a significant rise in local purchases pushed gold rate in Chandigarh up to Rs.3,108 per gram on the 24th of January.
    • The reason behind this sudden rise was the underperforming US dollar and a rapidly increasing international sales.
    • However, demand for the metal slowed down in Chandigarh, which caused gold rates to hold at Rs.3,108 per gram for the remainder of the week, i.e., from the 26th to the 28th of the month.

    January 2018 - Week 5 (29th - 31st)

    • When the week began in Chandigarh, the yellow metal was recorded trading at Rs.3,077 per gram on the 29th amid the strengthening US dollar.
    • The US dollar continued to rise as the week progressed amid the high US bond yields. This led to prices plunging to Rs.3,066 per gram on the 30th.
    • The 31st saw gold rate in Chandigarh remaining unchanged at Rs.3,066 per gram with steady demand from domestic jewellers, retailers and industries despite the poor trend overseas.
    • Gold rate in Chandigarh surged by 1.86% due to an increased local demand brought about by the positive trends overseas during the month.

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    News About Gold Rate in Chandigarh

    • Gold and Silver Rates Dip After Reaching Record Highs

      There was a sharp dip in gold and silver prices in India, echoing a global drop in bullion prices. Gold futures for October delivery fell 1% to Rs.39,422 for 10 grams after hitting a record high of Rs.39,885 earlier in the week.

      Silver futures also recorded a drop of 1.7% to Rs.50,523 per kg after touching Rs.51,489 per kg in trading the previous day.

      An improvement in risk sentiment saw Asian stocks surge after reports of China opening negotiations with the United States, signalling a possible end to the trade war.

      The withdrawal of the controversial extradition bill in Hong Kong also supported equities, as bullion’s safe-haven appeal was dented.

      5 September 2019

    • Prices of gold and silver increase due to firm demand and trend overseas

      On 2 August 2019, the price of gold increased in the country following a firm global trend. Gold futures, rose by 0.9% to Rs.35,277 per 10 grams almost hitting the highest of Rs.35,409 per 10 grams on MCX.

      The prices of Tracking gold and silver prices also increased by 0.4% to Rs.41,179 per 10 grams. In the global markets, gold prices had increased by almost 2.5% after United States President, Donald Trump mentioned that he will be imposing additional tariffs on the Chinese imports.

      The President had said that he will be imposing a 10% additional tariff on Chinese imports which are worth $300 billion starting from 1 September 2019. This renewed the tension in trade between the two countries hitting the markets and increasing the demand for safe-haven assets of gold and silver.

      This move made by Donald Trump will also influence the United States Federal Reserve’s move on further rate cuts by increasing its chances. Central Bank buying and lower interest rates will help the buying price of the bullion.

      The consumption of gold in India rose to 13% in July to 213.2 tonnes due to increased demand in jewellery and investments along with soft prices. This resulted in India surpassing China to become the biggest consumer of the metal for the first time since December 2013. However, the demand for the yellow metal is said to decrease according to the World Gold Council due to high gold prices.

      5 August 2019

    • Price of gold hits an all-time high at Rs.35,970 per 10 grams

      Gold prices on 22 July 2019 touched its all-time high at Rs.35,970 per 10 grams in the National Capital Region of the country.

      This was mainly attributed to increased demand by local demand which resulted in an increase in the price of the metal by Rs.100. Along with gold, the price of silver also increased by Rs.260 and was at Rs.41,960 per kg as the demand increased from industries and coin makers.

      With the decline in the equity markets and the increase in the local demand of the metal, investors shifted their investments to the bullion from the stock market. This resulted in the rise in prices of the precious metal.

      Spot gold was trading at $1,425.60 an ounce and silver was at $16.40 per ounce. In New Delhi, 99.9% pure gold was priced at Rs.35,970 per 10 grams and 99.5% pure gold was at Rs.35,800 per 10 grams.

      As spot gold increased, the price of Sovereign gold increased as well to Rs.27,500 per 8 grams. Silver prices increased by Rs.260 to Rs.41,960 per kg and weekly-based delivery increased to Rs.41,073 per kg. Silver coins were holding at a flat price of Rs.84,000 for buying of 100 coins and Rs.85,000 for selling of 100 coins.

      23 July 2019

    • Weak Local Demand, Overseas Cues Lead to Gold Price Slide

      Gold rates in India dropped on weak jeweller demand as well as subdued global cues. Spot gold traded lower at $1,322.70 per ounce as trade war fears were averted after the rescinding of possible U.S. tariffs on Mexico.

      Locally gold of 99.5% purity fell by Rs.360 to trade at Rs.33,200 for 10 grams. Pure gold of 99.9% purity also recorded a loss of Rs.360 as the metal traded at Rs.33,370 for 10 grams.

      A lacklustre monsoon prediction has also reduced retail demand for bullion, as rural India stays away from gold purchases.

      11 June 2019

    • Gold Price Hovers Near Its Three-Month High

      Gold prices have been hovering near a three-month high despite fears of a decline in price. This fear is over worries that a global economic slowdown due to trade tensions between the United States and its allies and a possible interest rate cut by the Federal Reserve could affect prices.

      Spot gold stood at $1,322.27 per ounce, a 0.2% fall. U.S. Gold Futures was steady at $1,328.20 per ounce.

      Gold rates in India climbed and stood at Rs.30,810 in Chennai, Rs.21,270 in Kolkata, and Rs.31,460 in Delhi and Mumbai. These rates are for 22 carats and per 10 grams. The gain of the Indian Rupee against the Dollar, however, helped soften the blow that the rise in prices presented.

      The prices are affected by the international scene which appears tense especially with respect to U.S. – China relations. Adding to this, Washington’s tariff threat on Mexico also increased. Another contributing factor towards global uncertainty is the fact that factory workers across European nations and Asian nations showed contractions for the month of May.

      All of this has led investors to believe that there could be a fall in interest rates, making them invest their money in bullion and thereby pushing its rate.

      3 June 2019

    • Gold Rises by Rs.180 on Fresh Jeweller Demand

      Demand for gold rose as jeweller demand was on the increase amid a firm overseas trend. Gold of 99.9% purity rose by Rs.180 to trade at Rs.32,850 for 10 grams while 99.5% purity gold traded at Rs.32,680 for 10 grams. Sovereign gold however did not see any change and continued to trade at Rs.26,400 peer 8 grams.

      The rise in Sino-U.S. trade tensions due to the failure of negotiations also impacted bullion demand, as it increased the metal’s safe-haven appeal among investors.

      Gold prices rose internationally as well, with spot gold trading higher at $1,288.20 per ounce on the New York commodity market.

      Alongwith the rise in the yellow metal, silver rates also rose as industrial units and coin makers increased orders. Silver rates rose by Rs.100 to trade at Rs.38,220 per kg with a marginal rise was recorded on the international front where the metal traded at $14.99 per ounce.

      There was no change in silver coin rates which remained at Rs.79,000 for the purchase and Rs.80,000 for the sale of 100 pieces.

      8 May 2019

    • Gold Falls to 4-Month Low on Equity Surge

      Gold rates settled to a 4-month low as rising interest in equities and a strong dollar dented demand for bullion. Spot gold fell to $1,286.38 per ounce to record a 0.1% drop. However, U.S. gold futures recorded a marginal rise of 0.1% to settle at $1,278.10 per ounce.

      Positive economic data from Germany and China increased investor interest in equities, as fears of a global economic downturn were assuaged.

      Asian equity markets opened cautiously as investors looked for signs of a boost in economic growth. The European Union saw several of its central banks adopt dovish economic outlooks, but investors remained confident in light of better-than-expected data from Germany.

      17 April 2019

    • Gold Drops on Falling Domestic Demand, Rising Prices

      There was a drop in demand for gold across India as rising retail prices put off many buyers. Overall demand from Asia also dropped after the Lunar New Year, which usually boosts retail sales. 

      Gold traded at Rs.34,400 for 10 grams which inched closer to the record high of Rs.35,074 for 10 grams which was recorded in August 2013. As a result of the high cost, many retail buyers and jewellers reduced purchases and orders. 

      With gold sales carrying a 10% import tax, the current price band has made the yellow metal beyond the reach of most buyers. Jewellers are also reducing orders due to the rise in scrap supplies and slipping footfalls in stores. 

         

      15 February 2019

    • Jewellery Industry Seeks Decrease in Gold Import Duty

      The Gem and Jewellery Council (GJC) has requested the Finance Minister to lower the import duty on gold to 4% in an effort to boost flagging sales of the metal in the country. Jewellery industry analysts requested that the current 10% import duty levied on gold should be reduced to 4% since India’s current account deficit (CAD) has reduced significantly.  

      However because of the higher import duty on gold, a grey market has emerged which was eating into both government profits as well as jewellers’ business. 

      Another request was to raise the limit for jewellery that can be bought without a PAN card. At present, there is a cap of Rs.2 lakh on gold jewellery that can be bought without producing a PAN card. This law was enacted in an effort to curb black money being used to buy gold. However, jewellers and the GJC have argued that this restricts sale of gold to farmers, most of whom do not own PAN cards.

      29 January 2019

    • Gold Prices Rise As Dollar Weakens

      The price of gold rose on Monday, February 18, 2018 as a weak U.S. Dollar led to increased interest in the yellow metal.

      Spot gold rose by 0.2% to trade at $1,350.51 per ounce on 18 February, 2018. In contrast, gold futures fell by 0.2% to trade at $1,353.10 per ounce.

      The U.S. Dollar fell against global currencies over fears Washington might choose to continue with a weak dollar policy, as other economies also begin an easing of monetary policy.

      Asian share markets rose marginally on Monday as global markets began trading positively after the recent plunges across the world.

      19 February 2018

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