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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 November 2016 (rates per gram for 24karat gold)
|1st November rate||Rs.3,099 per gram|
|30th November rate||Rs.2,941 per gram|
|Highest rate in November||Rs.3,213 per gram on 5th and 6th November|
|Lowest rate in November||Rs.2,929 per gram on 25th to 27th November|
November '16 - Week 1 (1st to 6th)
- Gold continued to trade at the constant rate of Rs.3,099 per gram on 1st November.
- Festive and wedding season demand picked up in the domestic market and gold prices edged higher.
- By 5th and 6th November, gold was seen trading at Rs.3,213 per gram, the highest rate for the week.
- The dollar lowered this week giving gold a good spot in the global market but prices are expected to drop as the Fed rate hike draws closer.
November '16 - Week 2 (7th to 13th)
- Gold traded at Rs.3,211 per gram for the first half of this week.
- Constant rates could be attributed to steady demand on account of the wedding season.
- This week, the world witnessed two shocking events: PM Modi’s announcement that Rs.500 and Rs.1,000 notes were no longer legal tender and Donald Trump’s victory in the U.S. elections.
- While the domestic event led to demand for gold dropping drastically, Trump’s victory led to the dollar weakening which played in favour of gold.
- Gold prices dropped to Rs.3,071 per gram from 11th to 13th November as the aftermath of the surgical strike on black money played out.
November '16 - Week 3 (14th to 20th)
- Gold prices declined this week as the domestic market was still reeling from the shock of demonetisation.
- Gold traded at Rs.3,071 per gram at the start of the week.
- With people being unable to use black money to purchase gold along with stricter PAN card regulations and the fear of scrutiny by the IT department, gold showrooms saw a drastic reduction in footfall.
- Gold rates fell to Rs.2,994 per gram, the lowest for the week, on 19th and 20th November.
November '16 - Week 4 and 5 (21st to 30th)
- Prices of gold fell rapidly this week on account of cash shortage in the Indian economy.
- PM Modi’s strike on black money resulted in a drop in gold business by 75%.
- Gold traded at Rs.2,994 per gram on 21st and 22nd November.
- Positive economic data from the U.S. gave the dollar support to climb up which resulted in strong anticipation of the Fed rate hike.
- Gold traded at Rs.2,941 per gram in the last week of November.
- Demand is expected to be low for the next few weeks even though the wedding season is in full swing.
Trend of Gold Rate in Chandigarh for October 2016 (rates per gram for 24karat gold)
|1st October rate||Rs.3,205 per gram|
|31st October rate||Rs.3,099 per gram|
|Highest rate in October||Rs.3,205 per gram on 1st to 4th October|
|Lowest rate in October||Rs.3,088 per gram on 6th October to 25th October|
October '16 - Week 1 (1st to 7th)
- Gold prices dropped this week as demand for the yellow metal fell.
- Gold traded at Rs.3,205 per gram on 1st October.
- A strong dollar coupled with a growing chorus of the Fed rate hike led to gold prices plunging to Rs.3,088 per gram by the end of the week.
- Domestic demand has been relatively mute despite expectations of high festive demand.
October '16 - Week 2 (8th to 14th)
- Gold traded at a constant pace this week as domestic demand was stable.
- Global trends were positive, however, it turned weak towards the end of the week.
- Gold rates in Chandigarh stayed at Rs.3,088 per gram for the entire week.
- Jewellers and retailers have kept demand for gold up as they prepare to meet high demand during the festive season.
October '16 - Week 3 (15th to 21st)
- Gold continued to trade at a constant pace this week.
- The price of gold remained the same from last week at Rs.3,088 per gram.
- Gold rates did not change in accordance to global trends.
- Domestic demand was stable but is expected to pick up as the wedding season kicks off.
October '16 - Week 4 (22nd to 28th) & Week 5 (29th to 31st)
- Gold traded at Rs.3,088 per gram from 22nd October to 25th October.
- Prices of gold stayed constant this week in Chandigarh.
- The dollar weakened and the global market turned bullish for gold.
- On 26th October, gold prices climbed to Rs.3,099 per gram and stayed constant till the end of the week.
- Demand is expected to remain high as the wedding season approaches.
Trend of Gold Rate in Chandigarh for September 2016 (rates per gram for 24karat gold)
|1st September rate||Rs.3,184 per gram|
|30th September rate||Rs.3,217 per gram|
|Highest rate in September||Rs.3,228 per gram on 7th to 12th September|
|Lowest rate in September||Rs.3,184 per gram on 1st and 2nd September|
September '16 - Week 1 and 2 (1st to 10th)
- Gold prices surged through the week as investors returned to the safe haven investment after the U.S. economic data seemed slow.
- Speculation of a rate hike this month has been put to rest although U.S. Fed Chairwoman, Janet Yellen, is clear that possibility of the rate hike is gaining strength.
- Gold traded at Rs.3,184 per gram on 1st September and closed the week at Rs.3,228 per gram.
September '16 - Week 3 (11th to 17th)
- Gold traded at a steady pace this week although there was a drop in prices.
- Slow demand in the domestic market could be attributed to global trends.
- Anticipation of a Fed rate hike was raised again as the U.S. officials were confident that the economy was healthy enough to handle a rate hike despite economic data indicating otherwise.
- Gold traded at Rs.3,228 per gram on 11th and 12th September.
- By 17th September, gold rates had fallen to Rs.3,195 per gram.
September '16 - Week 4 (18th to 24th)
- Gold traded at a steady pace this week.
- Gold rates were at Rs.3,195 per gram on 18th September.
- As global market trends took a positive turn, gold climbed to Rs.3,227 per gram on 22nd September.
- Gold rates remained constant towards the end of the week.
- As demand in the domestic market rose with the festive season approaching soon, rates held steady this week.
September '16 - Week 5 (25th to 30th)
- Gold traded at Rs.3,227 per gram from 25th September to 28th September.
- The U.S. presidential elections have led to the Fed rate hike being put on hold till December.
- The dollar climbed which led to gold rates falling on 29th and 30th September.
- The trend for this month was an increase of 1.03%, but for the fifth week of September, it was a decline.
|1st July rate||Rs.3,219 per gram|
|31st July rate||Rs.3,205 per gram|
|Highest rate in July||Rs.3,248 per gram on 4th and 10th August|
|Lowest rate in July||Rs.3,205 per gram on 26th to 31st August|
August '16 - Week 1 (1st to 7th)
- The price of gold was constant at the beginning of the week and made small gains before it fell as the week ended.
- Gold traded at Rs.3,219 per gram on the 1st and at Rs.3,206 per gram on the 7th of August.
- The high demand at the start of the week due to equities and the Dollar being low was offset by high gains as the week ended.
August '16 - Week 2 (8th-14th)
- Gold found stability in week 2 of August as the dollar slipped.
- On 8th August, gold traded at Rs.3,206 per gram.
- Domestic demand gave gold rates a boost on 10th August and gold traded at Rs.3,248 per gram.
- Gold declined slightly but became steady at Rs.3,226 per gram by the end of the week.
August '16 - Week 3 (15th-21st)
- As the festive season approaches, jewellers have increased their intake as they gear up to meet the demand.
- Gold traded at Rs.3,226 per gram on 15th August.
- Prices climbed to Rs.3,238 per gram on 18th August and remained the same till the end of the week.
August '16 - Week 4 (22nd-28th)
- Gold rates in Chandigarh showed a declining trend for this week as the dollar grew stronger.
- Anticipation of a U.S. Fed rate hike also impacted gold rates.
- Steady demand in the domestic market kept gold prices relatively stable.
- Gold traded at Rs.3,238 per gram on 22nd August and fell to Rs.3,205 per gram by the end of the week.
August '16 - Week 5 (29th-31st)
- Gold traded at a steady pace through the last week of August.
- Gold prices were at Rs.3,205 per gram on 29th August and remained unchanged through the week.
- The steady prices can be attributed to sustained demand in the domestic market on account of the festive season.
|1st July rate||Rs. 3,119 per gram|
|31st July rate||Rs. 3,219 per gram|
|Highest rate in July||Rs. 3,227 per gram from July 7 to July 9|
|Lowest rate in July||Rs. 3,163 per gram on July 22|
July'16 - Week 1 and 2 (1st to 10th)
- International trends made gold a more appealing investment and demand rose.
- Gold prices were at Rs.3,167 and increased to Rs.3,227 by July 7th.
- Prices remained the same till the end of the week with demand stabilizing.
July'16 - Week 3 (11th to 17th)
- Gold rates were stable for the first two days before declining over the rest of the week.
- Prices were recorded at Rs.3,226 per gram on the first day of the week and Rs.2,199 per gram on the last day of the week.
- Gold prices declined significantly during the middle of the week, however the price was stable.
July '16 - Week 4 (18th to 24th)
- Gold rates stayed relatively steady with a slight decline.
- The global market has been greatly affected by the Brexit vote, strong U.S. economic data and a number of other smaller events.
- Gold traded at Rs.3,199 per gram on 18th July and fell to its lowest on 22nd July trading at Rs.3,163.
- It picked up slightly on the last two days ending at Rs.3,178 per gram.
July‘16 - Week 5 (25th to 31st)
- Gold prices were recorded at Rs.3,178 on the 25th and 26th of July, following which an increase of Rs.11 drove prices up to Rs.3,189 and they remained unchanged for another day.
- Prices increased to Rs.3,206 on the 29th of July after which another increase on the 30th ensured that the precious metal ended the month at Rs.3,219 per gram.
|1st June rate||Rs.2,960|
|30th June rate||Rs.3,167|
|Highest rate in June||Rs.3,182 on 28th and 29th of June|
|Lowest rate in June||Rs.2,950 from 2nd to 5th of June|
Jun'16 - Week 1 (1st to 5th)
- Gold traded steadily at the beginning of June. The prices of gold were at Rs. 2,960 on June 1st.
- Prices dipped to Rs. 2,950 on June 3rd and stabilized till June 5th.
- Prices stayed constant as the demand for gold stabilized.
Jun'16 - Week 2 (6th to 12th)
- Gold traded at Rs. 3,003 per gram on the 6th of June.
- Gold prices dropped down by Rs. 20 within two days as gold traded at Rs. 2,983 per gram on the 8th of June.
- The yellow metal hit its highest for the month on the 9th of June as it traded at Rs. 3,045 per gram.
Jun'16 - Week 3 (13th to 19th)
- Gold traded at Rs. 3,056 per gram on the 13th of June.
- Gold hit its highest for the week on the 17th of June at Rs. 3,109 per gram.
- Gold rate remained unchanged for the last three days of the week.
Jun'16 - Week 4 (20th to 26th)
- The rate of gold was more or less steady throughout the entire month of June with a slight decrease towards the end of the month.
- At the beginning of the week, the price of gold was Rs. 3,109 but declined to Rs. 2,950 at the end of the month.
- This amount was also the lowest for the month.
- The highest rate noticed during the week was on 21st at Rs. 3,120 per gram.
Jun'16 - Week 5 (27th to 30th)
- Gold rates did not fluctuate by much over the course of the last four days of June.
- Prices were recorded at Rs.3,098 on the 27th of June and Rs.3,167 on the 30th of June.
- The overall decline in prices between the 27th and 30th of June was Rs.69.
|1st May rate||Rs. 3,119 per gram|
|31st May rate||Rs. 2,960 per gram|
|Highest rate in May||Rs. 3,120 per gram on May 7|
|Lowest rate in May||Rs. 2,960 per gram on May 31|
May'16 - Week 1 (1st to 7th)
- Gold rates were constant throughout the week with marginal gains and losses along the way.
- Prices were recorded at Rs.3,119 on the 1st of May and Rs.3,120 on the 7th of May.
- The levels did not change much during the week thanks to strong global and domestic cues that kept prices stable.
May ‘16 - Week 2 (8th to 14th)
- Gold rates remained the same for the first two days of the week before recording a decline on Tuesday and remaining constant for the remainder of the week.
- Prices were recorded at Rs.3,120 on the 8th of May and Rs.3,080 on the 14th of May.
- Following the decline by Rs.40 on Tuesday, prices remained stable throughout the week thanks to strong global and domestic cues that ensured that prices were constant for the most part.
May ‘16 - Week 3 (15th to 21st)
- Gold rates remained the same for the first two days of the week before recording a consecutive declines on Tuesday, Wednesday and Thursday.
- Prices were recorded at Rs.3,080 on the 15th of May and Rs.3,048 on the 21st of May.
- Despite successive days of declining prices during the week, gold rates in the city gained stability towards the end of the week.
May ‘16 - Week 4 (22nd to 28th)
- The trend is Chandigarh followed the exact same pattern as Lucknow with steady rates till mid-week after which prices dropped.
- Prices were recorded at Rs. 3,048 on the 22nd of May and Rs. 2,960 on the 28th of May .
- In Chandigarh, the effect of the global gold market trends could be seen from May 25th till the end of the week.
May ‘16 - Week 5 (29th to 31st)
- The rate of gold was constant throughout the final week of May.
- Although there were minor variations in the price of gold throughout the month, there was a decline noted as the month progressed.
- On the last week, gold traded at Rs. 2,960 per gram.
|1st April rate||Rs 2,943|
|30th April rate||Rs 3,119|
|Highest rate in April||Rs 3,119 on 30th|
|Lowest rate in April||Rs 2,933 on 5th|
|% Change||+ 5.98%|
Apr'16 - Weeks 1 & 2 (1st to 10th)
- Gold gained value during the first two weeks of trading in the city as global cues enhanced the demand for gold as a safe haven investment while domestic factors also affected rates.
- Prices were Rs.2,943 on 1st and Rs.2,988 on 10th.
- Gold prices dropped on 5th to Rs.2,943 before regaining the lost value and posting profits on top by 10th.
Apr ‘16 - Week 3 (11th to 17th)
- Gold prices experienced low variations in the third week.
- Prices were Rs.2,988 on 11th and Rs.2,981 on 17th.
- Gold lost Rs.7 in this week’s trading.
Apr ‘16 - Week 4 (18th to 24th)
- Gold appreciated slightly in the fourth week.
- Prices were Rs.3,002 on 18th and Rs.3,007 on 24th.
- Gold prices saw minimal variations as domestic and global cues kept rates in check.
Apr ‘16 - Week 5 (25th to 30th)
- Gold traded at Rs 3,007 on 25th, unchanged from the previous week.
- Prices picked up over the week, reaching Rs 3,088 on 29th.
- The week ended on a high, as gold traded at Rs 3,119 on 30th.
1st March rate
31st March rate
Highest rate in March
Rs 3,030 from 1st to 14th
Lowest rate in March
Rs 2,940 on 15th, 16th and 17th
Mar'16 - Week 1 (1st to 6th)
- Gold markets stayed closed in the city as traders and jewellers prolonged their strike against the measures announced in Budget 2016-17 that levied an additional 1% excise duty on jewellery sales.
- Prices were constant at last week’s closing rate of Rs.3,030.
Mar'16 - Week 2 (7th to 13th)
- Gold markets were closed for the second straight week as jewellery associations continued their agitation against excise duty of 1% and mandatory PAN disclosure on transactions above Rs.2 lakhs.
- Prices were constant at last week’s closing rate of Rs.3,030.
Mar ‘16 - Week 3 (14th to 20th)
- Gold markets were closed in the third week also as protests entered the third week.
- Prices were constant at Rs.2,998 for the most part.
Mar ‘16 - Week 4 (21st to 27th)
- Gold traders continued their protest into the fourth week even as jewellers were open for business as usual.
- Prices saw little deviations, with only one change occurring within the week on 25th when prices fell to Rs.2,948 from Rs.2,998.
Mar ‘16 - Week 5 (28th to 31st)
- Market performance stayed steady for the week on account of strong global cues.
- Gold rates remained constant throughout the week, trading at Rs 2,948.
1st February rate
29th February rate
Highest rate in February
Rs.3,049 on 26th
Lowest rate in February
Rs.2,712 on 1st
Feb'16 - Week 1 (1st to 7th)
- Gold rates in Chandigarh appreciated in the 1st week of February on the back of favourable global cues and strong buying by jewellers to meet the wedding season demand.
- Prices were Rs.2,712 on 1st and Rs.2,868 on 7th.
- Gold prices appreciated continuously from 1st to 6th and were stable on 7th.
- Gold traded above Rs.2,803 from 4th to 7th, breaching 9-month old highs and settling at Rs.2,868 after making a profit of Rs.156.
Feb '16 - Week 2 (8th to 14th)
- Gold rates appreciated during the 2nd week on the back of depreciating rupee, domestic demand and global cues.
- Prices were Rs.2,863 on 8th and Rs.2,946 on 14th.
- Gold had settled at Rs.2,835 by 11th before rising exponentially on 12th by Rs.127 to breach 3,000-level and settle at Rs.3,008.
- Gold dropped to Rs.2,946 by 14th as demand slackened.
Feb '16 - Week 3 (15th to 21st)
- Gold prices depreciated by Rs.15 in the 3rd week, posting a rare negative week of trading this year as global cues were weak and domestic demand stayed tepid at the start of the week before picking some steam toward the end.
- Prices were Rs.3,008 on 15th and Rs.2,993 on 21st.
- Gold prices bottomed out at Rs.2,917 on 16th before rising consecutively till 19th on strong global cues and internal buying, and touched a peak of Rs.3,018 on 19th.
- Rates fell slightly to Rs.2,993 on 20th to end the week on a negative note.
Feb '16 - Week 4 (22nd to 29th)
- Gold prices rallied again in the last week of February as strong global cues spurred rates beyond Rs.3,000 once again.
- Rates were Rs.2,993 on 22nd and Rs.3,037 on 29th.
- Gold continued its streak of gains, and was well on its way to the highest net monthly gain in over 4 years.
- Prices dropped on 23rd by Rs.16 before clocking an overall gain of Rs.72 till 26th to touch a high of Rs.3,049.
- Gold depreciated by Rs.12 on 29th to end the month at a high of Rs.3,037.
|4th January rate||Rs.2,580|
|31st January rate||Rs.2,756|
|Highest rate in January||Rs.2,772 on 28th|
|Lowest rate in January||Rs.2,550 on 5th|
Jan '16 - Week 1 (4th to 10th)
- Gold gained value in the first trading week of 2016 on the back of increased domestic demand led by jewellers as well as global cues.
- Prices were Rs.2,580 on 5th and Rs.2,631 on 10th.
- Gold rates were lower on 5th at Rs.2,550, however prices appreciated continuously for the rest of the week.
- Gold breached 2,600-mark on 7th to settle at Rs.2,612 before gaining Rs.29 over the next two days to rest at Rs.2,631 by 9th and 10th.
Jan '16 - Week 2 (11th to 17th)
- Gold rates depreciated in the 2nd week on the back of weak global cues as well as sluggish domestic demand.
- Prices were Rs.2,638 on 11th and Rs.2,599 on 17th.
- Gold rates were down for the most part of the week except for the last few days when prices stabilized.
- Gold dropped by Rs.34 on 14th to fall below the Rs.2,600 mark by settling at Rs.2,599.
- Prices were stable at this level for the rest of the week.
Jan '16 - Week 3 (18th to 24th)
- Gold rates appreciated during the 3rd week by an overall margin of Rs.48 as domestic demand picked up for the ongoing wedding season while global trends also firmed up in favour of gold.
- Prices were Rs.2,655 on 18th and Rs.2,703 on 24th.
- Gold fell marginally to Rs.2,645 on 19th before recovering and gaining value to touch Rs.2,714 by 22nd.
- Prices were volatile in the next 2 days as gold fell to Rs.2,660 on 23rd but rallied to Rs.2,703 on 24th.
Jan '16 - Week 4 (24th to 31st)
- Gold gained value during the last week of January.
- Rates were Rs.2,703 on 25th and Rs.2,756 on 31st.
- Gold rallied to Rs.2,772 by 28th on the back of favourable global cues and increased demand from domestic jewellers to cater to the seasonal demand.
- Gold lost value on 29th and 30th to settle at Rs.2,702 before rallying to Rs.2,756 on 31st.
1st December rate
31st December rate
Highest rate in December
Rs.2,639 on 5th and 6th
Lowest rate in December
Rs.2,551 on 1st
Dec'15 - Week 1 (1st to 7th)
- Gold prices increased in the 1st week of the month in Chandigarh.
- Prices were Rs.2,551 on1st and Rs.2,597 on 7th.
- Gold rose to Rs.2,610 on 2nd before losing out the gains in the next two days to rest at Rs.2,553 by 4th.
- There was a significant rise on 5th which brought prices up by Rs.86 to Rs.2,639.
- Gold lost value on the last day of the week to settle at Rs.2,597.
Dec'15 - Week 2 (8th to 14th)
- Gold prices were slightly higher in the 2nd week.
- Prices were Rs.2,595 on 8th and Rs.2,599 on 14th.
- Prices dropped by Rs.17 on 9th to settle at Rs.2,572 before appreciating to Rs.2,581 on 10th.
- Gold lost Rs.13 over the next 2 days to touch RS.2,568 on 12th.
- Prices rose by Rs.66 on 13th and dropped by Rs.35 on 14th to end the week at Rs.2,599.
Dec'15 - Week 3 (15th to 21st)
- Gold prices were up again in the 3rd week.
- Prices were Rs.2,577 on 15th and Rs.2,554 on 21st.
- Gold declined by small amounts over the first 3 days to rest at Rs.2,561 by 18th.
- Prices rose to Rs.2,569 on 19th and appreciated again on the next day to recover all the losses and end higher at Rs.2,591.
- Prices fell by Rs.37 on the last day to end at Rs.2,554 on 21st.
Dec'15 - Week 4 (22nd to 28th)
- Gold prices rose in the 4th week.
- Rates were Rs.2,565 on 22nd and Rs.2,560 on 28th.
- Rates appreciated steeply on 23rd to Rs.2,612 before dropping to Rs.2,560 on 24th.
- Rates once again rallied to Rs.2,612 on 25th where it stayed till 26th.
- Prices dropped marginally by Rs.5 on 27th to rest at Rs.2,607.
- Gold prices fell again on 28th by Rs.47 to settle at Rs.2,560.
Dec'15 - Week 5 (29th to 31st)
- Gold prices were mostly stable in the 5th week.
- Rates were Rs.2,563 on 29th and Rs.2,557 on 31st.
- There was a gain of Rs.2 on 30th when prices rose to Rs.2,565 before dropping by Rs.8 to settle at Rs.2,557 for the month.
1st November rate
30th November rate
Highest rate in November
Rs.2,682 on 16th
Lowest rate in November
Rs.2,564 on 19th
- Gold lost value in the 1st week of November.
- Prices were Rs.2,679 on 1st and Rs.2,621 on 7th.
- Gold rates were stable from 1st to third and stayed around Rs.2,680.
- Rate declined significantly on 4th to drop to Rs.2,638 from previous day’s figure of Rs.2,682.
- Gold didn’t gain or lose value on 5th to stay at the same rate.
- There were marginal drop in rates on 6th and 7th.
Nov '15 - Week 2 (8th to 14th)
- Gold had a stable performance in the 2nd week of the month.
- Prices were Rs.2,621 on 8th and Rs.2,617 on 14th.
- Gold rates were stable till 11th around Rs.2,615 level.
- Gold gained value on 12th to touch Rs.2,629 before declining by Rs.29 on 13th to rest at Rs.2,600.
- Gold gained Rs.17 on the last day of the week to touch Rs.2,617.
Nov '15 - Week 3 (15th to 21st)
- Gold rates were volatile in the 3rd week.
- Gold rate was Rs.2,617 on 15th as well as 21st.
- Prices appreciated to Rs.2,682 on 16th before falling to Rs.2,596 on 17th.
- Gold gained Rs.21 on 18th but lost Rs.53 on 19th to rest at Rs.2,564.
- Gold appreciated over the next two days by Rs.6 and Rs.47 to settle at week ending rate of Rs.2,617.
Nov '15 - Week 4 and 5 (22nd to 30th)
- Gold lost value in the final days of the month.
- It was priced at Rs.2,617 on 22nd and Rs.2,560 on 30th.
- Rates dropped to Rs.2,573 by 24th before rallying back to Rs.2,617 on 25th.
- Prices settled around Rs.2,680 over the next 4 days, with 1 gram of 24k costing Rs.2,579 by 29th.
- There was further drop in rates on the last day of the month when gold dropped to Rs.2,560.
1st October rate
31st October rate
Highest rate in October
Rs.2,735 on 22nd
Oct '15 - Week 1 (1st to 7th)
- Gold rate appreciated in the first week of October.
- Prices were Rs.2,639 on 1st and Rs.2,657 on 7th.
- There was a substantial rise in rates on 5th when gold gained Rs.65 value in a single day to touch Rs.2,677 from Rs.2,712.
- Gold lost value on 7th to rest at Rs.2,657.
Oct '15 - Week 2 (8th to 14th)
- Gold gained some value in the second week of the month.
- It was priced at Rs.2,672 on 8th and Rs.2,682 on 14th.
- There was no significant appreciation or loss in value throughout the week.
Oct '15 - Week 3 (15th to 21st)
- There was a slight drop in rates in the third week of the month.
- Prices were Rs.2,726 on 15th and Rs.2,718 on 21st.
- Prices stayed between 2,710 to Rs.2,730 for the whole week, signalling a stable performance.
Oct '15 - Week 4 (22nd to 28th)
- Gold rates depreciated in the fourth week of the month. (as of 27th)
- It was priced at Rs.2,735 on 22nd and Rs.2,708 on 28th.
- Gold rate on 22nd at Rs.2,735 was the highest gold rate in Chandigarh for October.
- Gold declined significantly on 23rd to rest at Rs.2,713 on 23rd, before gaining some value on 24th to come to Rs.2,722.
- Prices once again declined on 26th to fall to Rs.2,704.
Oct '15 - Week 5 (29th to 31st)
- Gold rates saw consistent drops in the final days of October.
- Prices had appreciated to Rs.2,722 on 29th before losing value on 30th to below-2,700 level at Rs.2,699.
- Gold rates lost some more value on 31st when prices dropped to Rs.2,679.
Gold rate in Chandigarh for the month of September started at Rs.2,714 as on 1st of the month. Rates went south from 2nd and went below the Rs.2,700 mark on 3rd. Prices were on a downward slide from then onwards and clocked Rs.2,667 on 9th of the month. There were further drops in rate, which bottomed out on 12th at Rs.2,631. This was also the lowest gold rate for the month of September.
Gold was selling at Rs.2,684 on 14th and stabilized over the next few days. Prices stayed at the level between Rs.2,670-Rs.2,680 during this period. Prices started dropping from 22nd. Gold rate fell on 22nd and 23rd and reached a low of Rs.2,652. There was a pickup in demand leading to higher gold rates over the next couple of days. Gold rate peaked on 25th at Rs.2,724, which was also the highest rate for the month of September. Prices once again went on a downward slide with month ending rate of gold being Rs.2,653 as on 30th September.
Gold rates will likely be volatile for the coming weeks. However demand is expected to pick up toward the end of October when the festive season starts. This will propel gold rates.
Gold can be bought in the form of jewelry, gold coins, gold bars and invested with the banks.
Jewelry - Indian purchase gold during major occasions such as wedding, festivals etc. But, the gold rate will reduce in value when you resell the ornament. The ornaments charge heavy making charge and hence when you wish to resell the ornament, the jeweler will deduct the making charges.
Gold Coins - This is the common form of owning gold. The rates are prices on its weight and a small premium is based on its supply and demand. The gold coins will be available in various weight options. You can sell the gold coin back to the jeweler. The banks also sell gold coins, but they will not buy it back from you.
Gold bars - They are the most traditional way of investing in gold. This can be traded in the international markets as well.
Invest in Gold Funds - Gold can be invested with the SBI Gold Fund as an open ended fund. The investment is in units of SBI Gold Exchange Traded Schemes. You can benefit from exposure to the gold asset class without having a demat account.
You can also buy mutual funds that owns gold which makes the buying and selling quite easy.
The gold rate as on 15th June 2015 was Rs.2,537 for 1 gram of 22 karat gold and for 1 gram of 24 carat gold was Rs.2,721. In the past 6 months, the highest gold rate was recorded at Rs.2,859 on January 22nd, 2015.
There are many dealers in Chandigarh. Some of the major gold dealers are Kushal’s Fashion Jewellery, Pure Gold Jewellers, Tanishq, Kalyan Jewelers, Pavitra Jewellery, Mahajan Jewelers, ORRA, Sham Jewellers, P C Jewellers etc. The jewelers will offer gold in the form of ornament, coins, bars and in any other customized form that the customers requires.
Also Check Gold Price in NearBy Cities of Chandigarh
|Gold Rate In Gurgaon||Gold Rate In Faridabad||Gold Rate In Ambala|
|Gold Rate In Hisar||Gold Rate In Karnal||Gold Rate In Delhi|
|Also Know: Silver Rate in Chandigarh|
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- Gold and Indian Weddings
- Significance of Gold In India
- Significance of Indian Jewellery
- India’s Love for Gold