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 ( 26 May 2020 )

    ₹ 4,600
    Today's Gold Rate (22K) per gram

    Compare 22K & 24K Gold Rate In Chandigarh (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,600 ₹ 4,610 ₹ -10 ↓
    Standard Gold (22 K) ( 8 grams ) ₹ 36,800 ₹ 36,880 ₹ -80 ↓
    Pure Gold (24 K) ( 1 gram ) ₹ 4,830 ₹ 4,841 ₹ -11 ↓
    Pure Gold (24 K) ( 8 grams ) ₹ 38,640 ₹ 38,728 ₹ -88 ↓

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    26 May 2020 ₹ 4,600 ₹ 36,800 ₹ 4,830 ₹ 38,640
    24 May 2020 ₹ 4,610 ₹ 36,880 ₹ 4,841 ₹ 38,728
    23 May 2020 ₹ 4,610 ₹ 36,880 ₹ 4,841 ₹ 38,728
    22 May 2020 ₹ 4,620 ₹ 36,960 ₹ 4,851 ₹ 38,808
    21 May 2020 ₹ 4,620 ₹ 36,960 ₹ 4,851 ₹ 38,808
    20 May 2020 ₹ 4,620 ₹ 36,960 ₹ 4,851 ₹ 38,808
    19 May 2020 ₹ 4,650 ₹ 37,200 ₹ 4,883 ₹ 39,064
    18 May 2020 ₹ 4,650 ₹ 37,200 ₹ 4,883 ₹ 39,064
    17 May 2020 ₹ 4,610 ₹ 36,880 ₹ 4,841 ₹ 38,728

    Weekly & Monthly Graph of Gold Rate in Chandigarh

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    • 30 Days
    • 3 Months
    • 6 Months

    *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 May 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    May 1 Rate Rs.4,699 per gram
    May 16 Rate Rs.4,841 per gram
    Highest Rate in May Rs.4,841 per gram on 16 May
    Lowest Rate in May Rs.4,646 per gram on 2 May
    Overall Performance Incline

    May 2020 - Week 1 (1 - 9):

    • A gram of the 24-karat gold was priced at Rs.4,699 per gram in Chandigarh at the start of May. When compared to the closing price of the previous month, the rate for every gram of the gold was down by Rs.62.
    • The decline in the price of gold continued in the city on 2nd May and saw a gram of the gold cost Rs.4,646 per gram. This was the lowest recorded price of the gold for the month to date. However, the rates improved as tensions between the United States of America and China bolstered the bullion’s safe-haven appeal.
    • The jump in the prices saw gold record its highest price for the month to date with a gram costing Rs.4,751. In the city, gold closed the opening week of May at Rs.4,678 per gram. The overall performance of the gold witnessed a declining trend in the rates.

    May 2020 - Week 2 (10-16):

    • With no difference in prices compared to last week’s closing, gold opened the second week of the month in Chandigarh at Rs.4,678 per gram on 10 May and increased to Rs.4,694 per gram on 11 May. The rise in prices was due to its safe-have appeal amongst investors who feared a second wave of fresh COVID-19 cases in the world. The metal’s price on 12 May remained steady at Rs.4,694 per gram due to continued fears of COVID-19 cases.
    • On 13 May, the price of the metal had increased to Rs.4,741 per gram, increasing by Rs.47 per gram. With major central banks all over the world releasing stimulus packages to support the economy, the bullion market was supported by these packages and investors shifted to the latter considering a lower risk appetite. On 14 May, the price of the metal slipped to Rs.4,720 per gram majorly due to the strong value of the dollar in the international market.
    • The price of the metal on 15 May was Rs.4,788 per gram recovering to a great extent due to trade tensions arising yet again between the United States of America and China. The price of the metal increased on 16 May to hit its highest of the week at Rs.4,841 per gram due to market uncertainty with continued tensions between the two economic superpowers. The precious metal closed the week at the same price on 16 May.

    Trend of Gold Rate in Chandigarh for April 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    April 1 Rate Rs.4,158 per gram
    April 30 Rate Rs.4,761 per gram
    Highest Rate in April Rs.4,846 per gram on 29 April
    Lowest Rate in April Rs.4,158 per gram from 1 - 18 April
    Overall Performance Incline

    April 2020 - Week 1 (1 - 4):

    • In the city of Chandigarh, the price of the gold opened at Rs.4,253 per gram on 1 April. With trading floors and centres closed due to the government imposed 21-day lockdown, the gold prices remained steady in the country.
    • However, in the international market, gold prices fluctuated recording a slight increase in prices with investors awaiting job data from the United States of America. With the rising value of the dollar, the gold prices were set to drop yet again in the international market.
    • With the United States of America releasing poor job data in the country with a high unemployment rate due to COVID-19, the losses for the metal were limited. On the other hand, in the city, the gold rate closed the first week of April at Rs.4,253 per gram on 4 April with no incline or decline in prices.

    April 2020 - Week 2 (5 -11):

    • In Chandigarh, the rates of gold saw no change over the second week of April. Having opened the week at Rs.4,253 per gram, the rates remained there for the entire week.
    • In the global market, the rates of the yellow metal saw fluctuations due to factors like increased demand of the safe-haven metal, slowdown in coronavirus cases in major epicentres.
    • There was no incline or decline in the price of the yellow metal in Chandigarh.

    April 2020 - Week 3 (12 - 18):

    • Opening the third week of the month, gold prices in Chandigarh, showed no change in prices during the week. Opening the week at Rs.4,253 per gram, the rates remained the same for the entire week.
    • However, in the global market, the price of the precious metal saw fluctuations due to factors like increased demand of the safe-haven metal, speculation of a possible recession along with President Trump announcing measures to reopen the economy of the United States of America.
    • At the end of the week, the price of the metal remained the same and closed at Rs.4,253 per gram on 18 April.

    April 2020 - Week 4 (19 - 25):

    • The rates of the yellow metal stood at Rs.4,253 per gram at the start of the fourth week of April in Chandigarh. Compared to the closing price of the previous week, there was no change in the rates.
    • Having stayed constant for the next day, gold recorded its highest price for the month till date on 21st April with a gram of the 24-karat gold costing Rs.4,756. The jump in the rates of the precious metal was accounted to share markets tailing off as the rates of U.S. crude dipped and concerns about economic damage due to the coronavirus pandemic persisted.
    • The rates of the yellow metal slipped in the city following that as equities regained some footing and the dollar firmed. Gold was priced Rs.4,727 per gram on 23rd April. Gold prices did recover a little over the last two days of the penultimate week of April and closed at Rs.4,756 per gram.

    April 2020 - Week 5 (26 - 30):

    • Opening the last week of the month, gold prices in Chandigarh, showed minor fluctuations in prices during the week. Opening the week at Rs.4,757 per gram on 26 April, the price of the metal remained the same at Rs.4,757 per gram on 27 April and 28 April. Even amidst constant changes in the international market, the price of the metal remained unchanged in the city.
    • On 29 April, the yellow metal hit its monthly and weekly high at Rs.4,846 per gram with stimulus packages being launched by central governments to tackle the losses in the economy. Investors shifted to the bullion market after profit-taking earlier in the week.
    • Gold, on the last day of the month, was priced at Rs.4,761 per gram on 30 April and closed the month of April at an overall inclining trend.

    Trend of Gold Rate in Chandigarh for March 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    March 1 Rate Rs.4,274 per gram
    March 31 Rate Rs.4,253 per gram
    Highest Rate in March Rs.4,536 per gram on 7 March
    Lowest Rate in March Rs.4,111 per gram on 20 March
    Overall Performance Decline

    March 2020 - Week 1 (01 - 07):

    • In Chandigarh, gold prices were Rs.4,274 per gram at the start of the first week of March. When compared to the previous week’s closing, gold rates did not change. On 2 March, the price of the gold remained steady at the same price. However, on 3 March, gold prices increased to Rs.4,284 per gram with rising expectations from investors about a possible rate cut while they were shifting to the bullion market due to its safe-haven appeal.
    • Gold prices saw an increase in prices on 4 March as well at Rs.4,305 per gram. The rise in prices was due to the interest rate cut by the United States Federal Reserve. On 5 March, gold prices increased greatly in the international market with a higher number of new cases of the virus being reported all around the world along with an increase in the global death toll. The gold rate dipped marginally on 6 March to Rs.4,436 per gram due to weak local demand in the state.
    • The gold rate hit its 7-year high on 7 March hitting the highest price in the month and the week at Rs.4,536 per gram due to investors shifting from the stock market to the bullion market with low risk appetite. At the end of the week, gold closed the week at the same price.

    March 2020 - Week 2 (8 - 14):

    • In Chandigarh, gold prices stood at Rs.4,510 per gram on 8 March. There was a drop of Rs.26 for every gram when compared to the previous week’s closing price.
    • Gold prices witnessed a declining trend over the week as hopes for global stimulus measures to reduce the economic impact of coronavirus raised riskier assets and the dollar. As of 12 March, a gram of the 24-karat gold cost Rs.4,484 in Chandigarh given the fact that concerns increased about the economic impact from coronavirus after it was declared a pandemic.
    • The rates closed the week at Rs.4,237 per gram as it headed for its biggest weekly loss since 1983. This was lowest recorded price of the yellow metal for the month till date.

    March 2020 - Week 3 (15 - 21):

    • The price of gold in Chandigarh on 15 March was Rs.4,237 per gram and increased by Rs.10 to Rs.4,247 per gram on 17 March after remaining steady on 16 March. The slight incline in prices was majorly due to the Federal Reserve cutting down repo rates for the economy. However, this ruse did not help the economy as on 18 March the price of the gold dipped to Rs.4,153 per gram as traders were selling their assets rapidly in exchange for cash to survive the markets.
    • On 19 March, as the European Central Bank announced the measures taken to help the economy, investors shifted to the bullion market momentarily, increasing the gold rate to Rs.4,226 per gram. However, the rise in prices was short-lived as gold hit its lowest price in the month and week on 20 March at Rs.4,111 per gram.
    • However, due to marginal safe-haven demand for gold in the international market, the gold rate recovered and increased. On 21 March, a gram of gold was priced at Rs.4,190 per gram.

    March 2020 - Week 4 (22 - 31):

    • The price of gold stood at Rs.4,253 per gram on 22nd March in Chandigarh. When compared to the closing price of the previous week, the rates were up by Rs.63 for every gram.
    • In Chandigarh, the rates of the 24-karat gold didn’t see any change over the week. The rates remained unchanged even though the price of the yellow metal did fluctuate in the global market as investors liquidated their positions in the safe-haven metal despite stimulus measures being announced by global central banks to soften the economic damage caused by Covid-19.
    • Gold closed the final week of the month at Rs.4,253 per gram. No change in the rates of the yellow metal was accounted to the 21-day lockdown imposed by the government across the country to contain the spread of coronavirus which has affected many countries. The overall performance of the precious metal in Chandigarh witnessed a declining trend.

    Trend of Gold Rate in Chandigarh for February 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    1st February Rate Rs.4,169 per gram
    29th February Rate Rs.4,368 per gram
    Highest Rate in February Rs.4,394 per gram on 25 and 26 February
    Lowest Rate in February Rs.4,116 per gram on 7 February
    Overall Performance Incline

    February 2020- Week 1 (1 - 9):

    • The price of the metal in Chandigarh opened the month at Rs.4,169 per gram and remained steady for the first three days of the week. The metal hit its highest at Rs.4,195 per gram on 4 February with the virus affecting the economy in China to a great extent. Investors also awaited on developments on the economic data from the United States of America. The price of the metal, however, dipped in the following days of the week.
    • In Chandigarh, gold saw a dip in price at Rs.4,158 per gram on 5 February as China’s Central Bank released the funds after reverse repo rates were cut down. This was done to stabilise the economy in the country after Coronavirus hit the global economy to a great extent. However, the price of the metal hit the lowest price of the week at Rs.4,116 per gram on 7 February.
    • But the measures taken by China did not fare well and did not work out as the virus outbreak took more lives and affected many more. Investors shifted back to the bullion market and the demand for the metal increased. The price of the metal at the end of the week was Rs.4,149 per gram.

    February 2020 - Week 2 (10 - 16):

    • In the second week of February, gold prices witnessed a lot of fluctuations in Chandigarh. The rates of the 24-karat gold opened the week at Rs.4,148 per gram. There was no change in the prices when compared to the previous week’s closing price.
    • The rates of the yellow metal jumped slipped to Rs.4,142 per gram on 13 February as investors opted for riskier assets after some fears over global economic impact eased due to a fall in the number of new confirmed cases of coronavirus.
    • Towards the end of the week, the rates of gold increased gradually. The jump in the prices was accounted to investors turning to the safety of the bullion and selling off equities after an increase was witnessed in the death toll and infections due to coronavirus. Gold closed the week at Rs.4,211 per gram on 16 February, the highest recorded price for the month till date.

    February 2020 - Week 3 (17 - 23):

    • Gold prices in Chandigarh opened at Rs.4,211 per gram on the third week of February on 17 February. The price of the metal was steady when compared to the previous day’s closing price. However, it dipped to Rs.4,195 per gram on 18 February as investors temporarily shifted to the stock market with higher risk appetite.
    • However, the metal remained steady on 19 February before inclining substantially on the next day. On 20 February, the price of the metal increased to Rs.4,237 per gram as the outbreak of Coronavirus escalated drastically, affecting populations all over the world. Gold prices increased further on 21 February to Rs.4,268 per gram.
    • Gold prices in Chandigarh increased further to hit the Rs.4,300 per gram mark on 22 February with an incline in local demand due to the wedding season in the country. At the end of the week, with an overall incline in prices, the metal closed the third week at a monthly high of Rs.4,368 per gram.

    February 2020 - Week 4 (24 to 29):

    • Gold prices in Chandigarh stood at Rs.4,368 per gram at the start of the fourth week of February. Compared to the previous week’s closing price, the rates didn’t see any change in the prices of the yellow metal.
    • After holding steady for the next day, the rates jumped to its highest for the month on 25 February with every gram costing Rs.4,394 in the union territory. The increase in the rates was accounted to the U.S. dollar edging higher given the spread of coronavirus across the world drove fears of a pandemic and weighed on Asian currencies and global equities.
    • Gold prices in Chandigarh fluctuated over the last few days of the month and closed at Rs.4,368 per gram. The overall performance of the precious metal witnessed an inclining trend in the prices.

    Trend of Gold Rate in Chandigarh for January 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    January 1 Rate Rs.3,995 per gram
    January 31 Rate Rs.4,169 per gram
    Highest Rate in January Rs.4,211 per gram on 9 January
    Lowest Rate in January Rs.3,995 per gram on 1 January
    Overall Performance Incline

    January 2019- Week 1 (01 - 05):

    • The price of gold opened the month of January at Rs.3,995 per gram in Chandigarh. The metal saw a sharp incline in prices through the first week of the month due to various global factors which also included geopolitical tensions between Iran and the United States of America.
    • On 2 January, gold prices crossed the Rs.4,000 per gram mark and was Rs.4,011 per gram in the city. This was majorly due to the rise in the value of the rupee due to a fall in the value of the dollar in global markets. The value of the metal further increased to Rs.4,069 per gram on 4 January.
    • Gold prices increased further on 5 January to Rs.4,111 per gram as President Trump’s response to the drone attacks did not fare well with Iran as the latter promised retaliation. Due to this, the investors shifted back to the bullion as a safe haven asset.

    January 2019- Week 2(06 - 12):

    • The price of gold opened the second week of the month at Rs.4,111 per gram in Chandigarh. The metal saw fluctuations in the prices through the week with the ongoing tensions between Iran and the United States of America. The metal was priced at Rs.4,179 per gram on 7 January.
    • On 8 January, gold prices dipped to Rs.4,121 per gram as investors awaited on updates on what will be President Trump’s response on the attacks by Iran. Amidst the tensions and the speculation in the market, gold prices hit its highest value in the week at Rs.4,211 per gram on 9 January.
    • However, as President Trump decided not to retaliate against Iran, the price of the metal decreased in the market. Investors showed an increased risk appetite and the value of the metal fell to Rs.4,106 per gram on 10 January and remained stagnant until 11 January. Gold prices finally closed the week at Rs.4,905 per gram.

    January 2019- Week 3(13 - 19):

    • In Chandigarh, the price of the metal opened the third week of January at Rs.4,095 per gram. The week saw gold prices fluctuating in the second half due to a rise in tensions in the Middle East. On 14 January, the price of the metal dipped to RS.4,074 per gram as investors awaited the signing of the trade deal between China and the United States of America.
    • On 15 January, as the trade deal was signed, traders with a higher risk appetite shifted their investments to the stock market. This resulted in gold prices hitting the lowest price of the week at Rs.4,037 per gram. The price of the metal bounced back on 16 January at Rs.4,074 per gram as speculation rose amongst investors on the unresolved issues in the trade deal.
    • Gold prices remained firm in the latter half of the week due to rising tensions in the Middle East. With drone strikes killing more than 100 soldiers in Yemen, the safe-haven appeal of the metal increased. The price of the yellow metal closed the week at Rs.4,074 per gram.

    January 2020- Week 4 (20 - 26):

    • In Chandigarh, gold started the fourth week of January at Rs.4,074 per gram. Compared to the previous week’s closing price, the rates of the yellow metal remained unchanged in the city.
    • With investors seeking refuge in the safe-haven metal rates due to growing concerns regarding the outbreak of coronavirus in China and escalating tensions in the Middle East, gold prices climbed to Rs.4,116 per gram over the next two days.
    • Gold prices slipped to Rs.4,079 per gram the following day in Chandigarh. The decline in the prices was accounted to the dollar firming up and investors assessing the risk of the deadly virus becoming a global epidemic. The rates of the yellow metal ended the penultimate week of January at Rs.4,142 per gram with the overall performance showing an incline in the prices.

    January 2020- Week 5 (27 - 31):

    • Opening the last week of the month, gold prices were at Rs.4,142 per gram on 27 January and fluctuated in the first half of the week. As investors awaited on the decision by the United States Federal Reserve on rate cuts and considered the effect of the virus on the markets, gold prices showed an overall incline.
    • By 28 January, the price of the metal increased marginally to Rs.4,158 per gram as investors shifted to the bullion amidst high safe-haven appeal. However, on 29 January, the price of the metal dipped to Rs.4,153 per gram. This was as investors considered the effect of the virus on the global economy.
    • Gold prices hit its weekly low at Rs.4,116 per gram due to positive data sent from China for their manufacturing of products. An incline in the orders of durable goods from the United States of America also favoured a rise in the dollar value. However, gold bounced back at the end of the week amidst increased Coronavirus fears and closed the month at Rs.4,169 per gram.

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

    Parameters Gold price (24 karat)
    December 1 Rate Rs.3,906 per gram
    December 29 Rate Rs.3,901 per gram
    Highest Rate in December Rs.3,927 per gram on 5 December
    Lowest Rate in December Rs.3,848 per gram on 14 December
    Overall Performance Decline

    December 2019- Week 1 (1 – 8):

    • The price of gold opened the first week of December at Rs.3,906 per gram. Compared to the previous week’s closing price, the rates saw an increase of Rs.37 per gram.
    • After witnessing a drop in the prices for the first few days of the week, gold prices climbed to Rs.3,927 per gram on December 5 as the US president stated that talks regarding the trade deal with China was moving along.
    • Gold closed the week at Rs.3,875 per gram. This was the lowest recorded price of the yellow metal in Chandigarh over the week.

    December 2019- Week 2 (9 - 15):

    • Gold price in Chandigarh stood at Rs.3,895 per gram at the start of the second week of December. There was no change in the price when compared to the previous week’s closing price.
    • With investors adopting to await clarity on the next round of US tariffs on Chinese imports as well as the US Federal Reserve’s monetary policy statement, the price of the yellow metal slipped to the lowest recorded price for the month on December 14 with every gram costing Rs.3,848.
    • The rates saw a slight increase on the final day of the week as the safe-haven appeal of gold was boosted. Gold closed the week at Rs.3,885 per gram with the overall performance trending downwards.

    December 2019- Week 3 (16 – 22):

    • Gold price in Chandigarh stood at Rs.3,885 per gram at the start of the second week of December. The price of gold increased through the week due to various geopolitical factors playing a role around the world.
    • As investors awaited clarity on the trade deal between the United States of America and China, gold prices were holding steady with a marginal increase and decrease in its prices. By 20 December, the price of the metal had increased to Rs.3,890 per gram.
    • With the impeachment of United States President, Donald Trump, investors shifted to the bullion from the stock market. The price of the metal increased to Rs.3,896 per gram on 21 December and closed the week at an increased price of Rs.3,901 per gram.

    December 2019- Week 4 (23 - 29):

    • Gold price in Chandigarh stood at Rs.3,885 per gram at the start of the second week of December. The price of gold increased through the week due to various geopolitical factors playing a role around the world.
    • As investors awaited clarity on the trade deal between the United States of America and China, gold prices were holding steady with a marginal increase and decrease in its prices. By 20 December, the price of the metal had increased to Rs.3,890 per gram.
    • With the impeachment of United States President, Donald Trump, investors shifted to the bullion from the stock market. The price of the metal increased to Rs.3,896 per gram on 21 December and closed the week at an increased price of Rs.3,901 per gram.

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

    Parameters Gold price (24 karat)
    November 1 Rate Rs.3,938 per gram
    November 30 Rate Rs.3,869 per gram
    Highest Rate in November Rs.3,974 per gram on 3 and 4 November
    Lowest Rate in November Rs.3,869 per gram on 29 and 30 November
    Overall Performance Decline

    November 2019- Week 1 (01-03):

    • Gold prices in Chandigarh saw an upward trend in the first week of November. Opening at Rs.3,938 per gram, the prices remained steady due to stagnant local demand and fading hopes in the trade talks between the United States of American and China.
    • The price of the metal remained steady on 2 November, at Rs.3,938 per gram due to ready local demand and fluctuating global trend.
    • On 3 November however, the price of the precious metal increased marginally to Rs.3,974 per gram due to a decrease in the value of the United States dollar and speculation over the trade talks.

    November 2019- Week 2 (04-08):

    • As the markets recovered with positive cues from the trade talks between China and the United States of America, gold prices declined in the second week of the month. Opening at Rs.3,974 per gram, gold prices decreased to Rs.3,969 per gram by 5 November.
    • On 6 November, the price of gold decreased further as the risk appetite of investors increased due to the positive cues from the trade talks and the boost in the dollar. Gold was priced at Rs.3,964 per gram.
    • Gold prices nearly hit the monthly low on 7 November at Rs.3,922 per gram and were steady on 8 November as well, as both China and the United States of America make to a mutual agreement on the tariff rollbacks.

    November 2019- Week 3 (09-17):

    • Gold prices witnessed a fluctuating trend in Chandigarh over the third week of November. The prices opened the week at Rs.3,896 per gram.
    • Due to positive developments regarding the trade talks between Washington and Beijing saw the rates drop in the following days.
    • The rates of the yellow metal slid to a 3-month low on 12 November after witnessing an upbeat risk appetite from investors in the hope of positive trade talks. Every gram of gold cost Rs.3,885 on 12 November.
    • However, with investors shifting to the bullion as a safe-haven asset the prices recovered slightly before closing the week at Rs.3,906 per gram.

    November 2019- Week 4 (18 - 24):

    • The price of gold fluctuated throughout the fourth week of the month in Chandigarh over the month. Opening the week at Rs.3,906 per gram, gold prices dipped slightly on 19 November to Rs.3,896 per gram as Huawei was given a temporary reprieve from the U.S. which resulted in positive cues regarding the trade deal.
    • However, the metal recovered in the following days to Rs.3,922 per gram as the ongoing impeachment inquiry on the President of the United States dented the trade deal optimism and lowered risk appetite.
    • The rates of the yellow metal slid marginally on 21 November after witnessing an upbeat risk appetite from investors in the hope of positive trade talks. The price of the metal was Rs.3,917 per gram on 21 November and 22 November. The metal closed at a price of Rs.3,901 per gram.

    November 2019- Week 5 (25 - 30):

    • The prices of gold fluctuated throughout the fifth week of November in Chandigarh. The rates opened the week at Rs.3,901 per gram.
    • The dip in the prices of the yellow metal was accounted to traders deciding to wait for further developments regarding the trade deal between the United States and China.
    • With neither country providing clear indication about the trade deal, the rates closed the final week of November at Rs.3,869 per gram. Gold’s overall performance in the union territory was trending downwards.

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

    Parameters Gold price (24 karat)
    Rate on 1st October Rs.3,864 per gram
    Rate on 31st October Rs.3,927 per gram
    Highest Rate in October Rs.3,953 per gram on 28 and 29 October
    Lowest Rate in October Rs.3,801 per gram on 2 October
    Overall Performance Incline

    October 2019- Week 1 (1-6):

    • Demand for gold was weak as the month began with the metal trading at Rs.3,864 per gram but picked up due to economic uncertainty and increased retail offtake.
    • Gold prices in Chandigarh fell briefly to Rs.3,801 per gram on 2 October but rebounded after equity markets dropped on news of fresh U.S. tariffs on EU goods.
    • Prices continued to climb as investors switched to safe-haven bullion over riskier equities, as gold rose to Rs.3,901 per gram on 4 October and ended the week at Rs.3,911 per gram on 6 October.

    October 2019- Week 2 (7-13):

    • Due to decreased local and overseas demand, the price of gold at the beginning of October in Chandigarh was Rs.3,864 per gram however, the price gradually increased due to a rise in retail offtake.
    • In the second week of the month, the precious metal hit its weekly high on 10 and 11 October at Rs.3,932 per gram due to the uncertainty of trade talks between the U.S. and China.
    • However, due to the renewed optimism of trade talks and Brexit fears, investors shifted back to the stock market resulting in gold closing the week at Rs.3,906 per gram.

    October 2019- Week 3 (14-20):

    • Being steady and opening the third week of October at Rs.3,906 per gram, gold prices in Chandigarh remained the same on 15 October as well due to stagnant local demand and Brexit fears.
    • However, the price of the metal on 16 October hit its weekly high at Rs.3,938 per gram and continued to hold till 18 October as trade war, Brexit fears and global growth concerns resulted in investors shifting to the bullion as safe haven.
    • On 19 October, the price of the metal decreased marginally as the U.S. dollar upped its value in the market. Due to this, gold prices decreased to Rs.3,932 per gram and closed the week at the same price.

    October 2019- Week 4 (21-27):

    • The price of gold in Chandigarh opened week four of October at Rs.3,932 per gram on 21 October and decreased marginally to Rs.3,927 per gram as investors eyed the ongoing trade talks. However, due to the increased focus on Brexit, the price of the metal decreased further to Rs.3,911 per gram.
    • However, on 24 October, gold prices recovered to be priced at Rs.3,927 per gram and held steady on 25 October as well. This was majorly due to investors awaited a decision on the ongoing Brexit meetings between Great Britain and the European Union.
    • Gold prices increased on 26 October due to weak economic data which indicated a possible rate cut by the United States Federal Reserve, priced at Rs.3,953 per gram. Gold held steady on 27 October as well, closing at the same price.

    October 2019- Week 5 (28-31):

    • Like in Ludhiana, the price of the precious metal in the opening of week 5 was Rs.3,953 per gram as investors shifted focus to the market due to positive cues on the trade talks between China and the United States of America. The value of the dollar increased in the markets due to this as well.
    • After holding steady on 29 October, gold prices dipped to Rs.3,917 per gram on 30 October, hitting its lowest in one week as investors focused on the rate cut decision by the United States Federal Reserve, amidst fading hopes on the trade talks.
    • However, gold recovered marginally to be priced at Rs.3,927 per gram on 31 October after the Federal Reserve announced a rate cut of 1%, resulting in a dip in the value of the dollar and investors shifting to the bullion.

    Also Check Gold Price in Metro Cities

    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.3,581 per gram
    September 30 Rate Rs.3,959 per gram
    Highest Rate in September Rs.4,011 per gram on 27 September
    Lowest Rate in September Rs.3,554 per gram on 2 September
    Overall Performance Incline
    Percentage Change 10.55%

    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.

    September 2019- Week 3 (16-22):

    • A drop in retail demand and reduced overseas offtake reflected gold rates in Chandigarh, which opened at a static Rs.3,843 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 18 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.3,875 per gram.

    September 2019- Week 4 (23-30):

    • Opening at Rs.3,948 per gram on 26 September, gold prices in Chandigarh rose to Rs.4,011 per gram on 27 September 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 September.
    • Prices rose as the month ended on renewed market uncertainty and recession fears, with the metal priced at Rs.3,959 per gram on 30 September.

    Also Check Gold Price in NearBy Cities of Chandigarh

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    News About Gold Rate in Chandigarh

    • Gold futures prices in India hit record highs for the second consecutive day

      Gold futures prices hit record highs in India, going past the Rs.46,600-levels for 10 grams. Gold futures prices for the month of June on MCX increased by 0.75% and is at Rs.46,640 for 10 grams.

      In the previous session, the prices of gold in the country jumped by 2% and were at Rs.46,255 for 10 grams. On 14 April 2020, the commodity derivatives markets in India were closed on account of a holiday. In the global markets, the prices of gold remained at almost seven-year highs. Spot gold prices were at $1,727.59 for an ounce. In the previous session, the prices of spot gold were close to $1,750 for an ounce. Gold rates were supported because of the recession fears. According to the International Monetary Fund, the global economy may reduce by 3% this year due to the coronavirus outbreak. According to a note made by Kotak Securities, the physical demand for gold will be low due to supply issues. The brokerage further added that the overall sentiment is positive. The Reserve Bank in India recently announced the sovereign gold bond scheme 2020-2021 dates for the first six months of the financial year. The tenure of the sovereign gold bonds is 8 years. Gold prices in India are inclusive of 3% GST and 12.5% import duty.

      15 April 2020

    • Rates of yellow metal up by Rs.1,395 for every 10 grams

      On Friday, the rates of the yellow metal were up by Rs.1,345 for every 10 grams in New Delhi, the national capital. As per HDFC Securities, the increase in the prices was accounted to rally in the international prices of the precious metal. In the national capital, every 10 grams of gold was retailed for Rs.41,705 on Friday. The rates of the yellow metal had closed Thursday at Rs.40,310 for every 10 grams. In the international market, gold was trading with hefty gains with an ounce being traded for $1,514.

      Silver prices also witnessed an increase in the prices on Friday with the rates going up by Rs.2,889 for every kilogram. Against the previous close, a kilogram of the white metal cost Rs.38,100 in New Delhi. In the global market, an ounce of silver was being traded for $12.96.

      As per Tapan Patel, Senior Analyst (Commodities) at HDFC Securities, gold prices traded higher on Friday because of broad-based recovery in commodities.

      20 March 2020

    • Gold prices decline following sharp incline but silver prices increase

      Domestic markets in India saw gold prices being muted as the value of the rupee increased. On the MXC, there was a decline by Rs.80 per 10 grams in gold futures. The previous session saw gold prices increase by more than Rs.500 per 10 grams. On the other hand, silver prices increased by 0.7% to trade at Rs.45,313 per kilogram. So far as global markets were concerned, gold prices increased for the second day in succession following the steep decline on Friday. Spot gold prices increased by 0.5% to trade at $1,597.66 per ounce following a gain of 0.4% at the start of the week. According to analysts, gold prices in India could increase in the near future.

      3 March 2020

    • India gold April futures prices increase marginally

      Gold April futures in India saw a marginal increase in price on the 12th of February. However, gains were capped following a suggestion from a senior medical adviser in China that the coronavirus epidemic which has struck the country could end by April. The uncertainty regarding the effects of the outbreak of the disease, however, supported gold. Spot gold was trading at $1,567.62 an ounce, according to a report released by Reuters. So far as the MCX was concerned, April gold contracts were selling at a higher rate at Rs.40,424 per 10 grams, marking an increase of 0.03% or Rs.14. Tuesday saw both gold as well as silver make profits on the MCX because of a stronger dollar index in addition to a rebound in international equities. According to India Nivesh Commodities’ Director, Manoj Jain, the fear of the persistence of coronavirus in international economies in addition to a decline in China’s GDP to 5.2% from 5.8% for 2020 as forecast by Goldman Sachs has led experts to believe that both metals will have lower sales. He added that gold prices could be about Rs.40,300 but could rise to somewhere between Rs.40,500 and Rs.40,580 in the near future.

      12 February 2020

    • Prices of gold cross the Rs.41,000 mark on 6 January 2020

      On 6 January 2020, the prices of gold crossed the Rs.41,000 mark, following a positive trend in the international market. The main reason for the increase in prices was the tensions in the Middle East.

      A weaker rupee saw gold prices in Delhi hit Rs.41,400 for 10 grams. On MCX, gold futures prices for the month of February increased by Rs.984 and touch Rs.41,096 for 10 grams. Spot gold prices in the international market increased by 1.5% and hit $1,579.55 for an ounce. Due to the tensions between the US and Iran, the prices of gold increased by 2% on 3 January 2019. The US President said on 5 January 2020 that there would be major repercussions in case Iran retaliated to the attacks. He further added that big sanctions would be imposed on Iran. Due to the geopolitical worries and high crude oil prices, the prices of gold are expected to trade with a positive bias.

      7 January 2020

    • Gold prices fall down Rs.157 at Rs.38,181, silver drops 1.61%

      Gold prices fell Rs.157 at Rs.38,181 due to a strong rupee and hopes of trade talks resuming between U.S.A and China.

      The gold rate of 10 grams 22-carat gold in Mumbai was Rs.34,974 plus 3 percent GST, while 24-carat 10 gram was Rs.38,181 plus GST. The rate of 18 carat gold was Rs.28,636 plus GST.

      The prices of silver also dropped Rs.720 to Rs.43,980 per kg.

      The gold-silver ratio currently stands at 86.81 to 1.

      The February gold futures dropped Rs.61, or 0.16% at Rs 38,033 per 10 gram in evening trade. The gold futures for April were down by Rs.58 or 0.15% at Rs.38,070.

      9 December 2019

    • Prices of gold increase on 11 November 2019 due to trade deal concerns

      Gold futures prices increased on 11 November as there were mixed signals from the trade talks between China and the US. This helped the demand for gold.

      Gold futures prices for December were trading at Rs.37,690 for 10 grams. On 8 November 2019, gold futures for December were trading 0.30 higher at Rs.37,687 for 10 grams. Last week saw gold prices have its biggest weekly fall in three years. In the international market, prices of gold settled at $1,458 for an ounce. Precious metals continue to remain volatile due to the strength of the dollar and the talks in the trade deal between China and the US. Prices of gold are expected to remain at $1,450 for an ounce. According to the Director of IndiaNivesh Commodities, Manoj Kumar, buying of precious metals eased because of the trade drama between China and the US and the strength of the dollar. He further added that gold prices crashed last week after the Chinese Commerce Secretary announced that both the US and China had decided to reduce the tariffs. However, prices of gold in the domestic market were supported by a weaker rupee.

      12 November 2019

    • Gold prices remain steady as due to lack of clarity on Brexit and trade talks

      The price of gold on Monday, 21 October 2019 was holding steady as investors were waiting for some clarity on Brexit as well as the trade talks between the United States of America and China.

      Spot gold prices were up by 0.2%, at $1,492 per ounce and U.S. Gold Futures were up by 0.1% at $1,495 per ounce.

      The Prime Minister of Britain, Boris Johnson had sent a letter to the European Union requesting a delay to Brexit after a defeat in the parliament over the sequencing of the ratification of the EU divorce deal by him.

      Apart from Brexit uncertainties, investors are also waiting on further developments in the trade war between the United States of America and China and the U.S. Federal Reserve meeting at the end of the month. The meeting of the U.S. Federal Reserve will determine the cues on monetary policies.

      Silver prices also rose by 1% to $17.72 per ounce in the global markets.

      22 October 2019

    • Palladium hits record high, Gold dips due to U.S.-China trade tensions

      Gold prices fell due to the uncertainties revolving around U.S.-China trade tension which drove the investors to the safety of dollar.

      Palladium hit record high as it managed to breach the $1,700 an ounce level for the first time.

      The prices of spot gold dropped 0.4% to $1,490 per ounce at 0743 GMT, while the U.S. gold features fell 0.6% to $1,496.60 per ounce.

      Despite the news surrounding the possibility that the U.S government is planning to delist Chinese companies from U.S. stock exchanges, there was no major impact on European and Asian stock markets including China’s.

      3 October 2019

    • Gold Prices Fall Despite Marginal Increase In Overseas Demand

      Gold prices in India remained under pressure and fell for a fourth consecutive day. Gold futures for October delivery fell by 0.04% to Rs.37,670 for 10 grams.

      Silver on the other hand rose marginally, trading 0.04% higher to Rs.46,626 per kg. However, the industrial metal has seen steep losses over the past few days, with the metal trading Rs.4,900 lower due to declining demand.

      On the international market, spot gold rose 0.3% to $1,503.59 per ounce. Despite this slight rise, the precious metal could remain under pressure as the U.S. Federal Reserve remained non-committal on further possible interest rate cuts.

      Geopolitical tensions and global economic risks could keep bullion popular, as evidenced by the rise in price following the attacks on Saudi Arabia oil infrastructure.

      20 September 2019

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