• Gold Rate in Coimbatore

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    26 May 2018 ₹ 2,984 ₹ 23,872 ₹ 3,133 ₹ 25,064
    25 May 2018 ₹ 2,996 ₹ 23,968 ₹ 3,146 ₹ 25,168
    24 May 2018 ₹ 2,988 ₹ 23,904 ₹ 3,137 ₹ 25,096
    23 May 2018 ₹ 2,976 ₹ 23,808 ₹ 3,125 ₹ 25,000
    22 May 2018 ₹ 2,965 ₹ 23,720 ₹ 3,113 ₹ 24,904
    21 May 2018 ₹ 2,965 ₹ 23,720 ₹ 3,113 ₹ 24,904
    20 May 2018 ₹ 2,975 ₹ 23,800 ₹ 3,124 ₹ 24,992
    18 May 2018 ₹ 2,957 ₹ 23,656 ₹ 3,105 ₹ 24,840
    17 May 2018 ₹ 2,957 ₹ 23,656 ₹ 3,105 ₹ 24,840
    16 May 2018 ₹ 2,971 ₹ 23,768 ₹ 3,120 ₹ 24,960

    *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 Coimbatore

    Coimbatore is the second largest city in the southern state of Tamil Nadu and is one of the fastest growing tier 2 cities in India. It is home to some of the biggest textile and manufacturing industries, which have ensured that the city has a high standard of living. Gold has been the preferred choice of investments among Indians and Coimbatore too has seen a steady increase in gold consumption, regardless of the prevailing gold rates.

    Gold rates in Coimbatore depend on market fluctuations and availability. Gold buyers can choose from 22 karat or 24 karat gold, depending on their needs and budget. 22 karat gold is about 92% and the gold rate for this is less than 24 karat gold, which is 99.99% pure.

    Comparison for 24 K Gold Rates for Coimbatore April 2018
    Graph for Gold Rate (24K) in Coimbatore April 2018

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

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

    • Trading began in Coimbatore with the yellow metal prices holding at Rs.3,114 per gram on the 1st amid a steady US dollar and rising equity markets.
    • The dollar strengthened ahead of the US Federal Reserve meeting next couple of days and gold was recorded trading at Rs.3,103 per gram on the 3rd of May.
    • Dovish remarks by the Federal Reserve compounded by the gradual increase in interest rates led to gold price in Coimbatore rising over the next few days.
    • When the week came to an end, the precious metal prices were recorded holding at Rs.3,136 per gram on the 6th after the dollar weakened amid geopolitical concerns in the Chinese nation.

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

    • Gold traded at Rs.3,136 per gram in Coimbatore for the first day of this week. Prices declined to Rs.3,134 per gram the next day due to weak demand in the market.
    • There was a slight incline of Rs.1 on the 9th and the precious metal traded at Rs.3,134 per gram before surging over the next few days.
    • On the 10th, the yellow metal was priced at Rs.3,142 per gram as inflation in the US pushed gold demand up.
    • Gold rates in Coimbatore went up to Rs.3,145 per gram on the 11th before rising to Rs.3,166 per gram on the 12th as bullion investors ramped up their purchases.
    • Demand slowed down towards the end of the week, and the metal traded at Rs.3,166 per gram on 13th - the final day.

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

    • In Coimbatore, the third week began with gold trading at Rs.3,147 per gram on the 14th with the dollar easing amid market speculations on fewer Fed rate hikes during the year.
    • Gold rates surged to Rs.3,213 per gram on the 15th as the bullion gained on the back of losing equities and weakening US dollar index.
    • Prices, however, plunged the next day with the US dollar rebounding from its previous one-week low and gold was priced at Rs.3,120 per gram on the 16th.
    • Gold rates in Coimbatore remained untouched at Rs.3,105 per gram on the 17th with the greenback holding on its gains from the previous session.
    • Thanks to an increase in global safe-haven demand amid the ongoing Italian-US political crisis, gold rates were recorded holding at Rs.3,124 per gram on the 20th.

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

    Parameters Gold price (24 karat)
    April 1 Rate Rs.3,072 per gram
    April 30 Rate Rs.3,123 per gram
    Highest Rate in April Rs.3,153 per gram on 19 April
    Lowest Rate in April Rs.3,064 per gram on 6 April
    Overall Monthly Performance Incline
    Percentage Change 1.66%
    Comparison for 24 K Gold Rates for Coimbatore March 2018
    Graph for Gold Rate (24K) in Coimbatore March 2018

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

    • Gold prices in Coimbatore were steady at Rs.3,072 per gram as the month began as a low dollar rate led to increased orders from the industrial sector.
    • Gold rate in Coimbatore rose to Rs.3,091 per gram on 3 April after equity markets fell sharply following the escalation of tensions between the United States and China over trade tariffs.
    • Local demand was on the decline as jewellers reduced orders amidst a retail slump, but positive international cues led to a slight revival in gold’s fortunes locally.
    • Positive U.S. non-farm data led to a rally by the dollar, which in turn led to a slight fall in demand for gold as the precious metal fell to Rs.3,066 per gram on 5 April.
    • The decline in demand continued to impact gold prices as overseas industrial demand slumped, leading to local prices falling to Rs.3,058 per gram on 6 April.
    • The end of the week saw a marginal increase in price as gold traded at Rs.3,075 per gram on 7 April.

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

    • When the week began in Coimbatore , gold was priced at Rs.3,075 per gram. Gold prices seemed to drop on the 9th as a possible trade war between China and the US began to take hold, which had an impact on local demand.
    • The yellow metal traded at Rs.3,073 per gram on the 9th, which then rose to Rs.3,099 per gram before rising again to Rs.3,129 per gram on the 12th.
    • However, the 13th saw gold prices decline as the Federal Reserve’s anticipated interest rate hike pushed interests from bullion investors down. Rates dropped to Rs.3,106 per gram on this day due to this,
    • On the 14th, gold prices moved up to Rs.3,119 per gram before rising to Rs.3,142 per gram on the 15th as reports confirmed a joint attack on Syria by allied US and European forces. This caused markets to plummet and gold prices to rise as a result.

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

    • Trading commenced for the week with the precious metal priced at Rs.3,124 per gram on the 16th in Coimbatore.
    • The 17th saw gold prices rising marginally to Rs.3,129 per gram before surging further to Rs.3,142 per gram on the 18th with gold sales picking up on technical buying and steady safe-haven demand amid global political tensions.
    • On the 19th, gold rates in Coimbatore were recorded holding at Rs.3,153 per gram with the dollar weakening amid inflation and trade war concerns lingering in the markets.
    • However, with global tensions in the Korean Peninsula and Syria easing over the next couple of days, gold was priced relatively lower at Rs.3.146 per gram on the 20th and the 21st.
    • The week came to an end with gold closing higher at Rs.3,151 per gram on the 22nd, thanks to an increase in demand by domestic retailers and jewellers amid the ongoing wedding season.

    April 2018 - Week 4 (23 - 30):

    • When the final week of April began, gold was priced at Rs.3,140 per gram.
    • Gold continued to trade at Rs.3,140 per gram on the 24th of April before rising to Rs.3,146 per gram the next day as demand went up.
    • On the 26th, gold prices in Coimbatore went down slightly to Rs.3,144 per gram but declined further on the 27th to trade at Rs.3,129 per gram.
    • During the 28th, gold prices rose to Rs.3,140 per gram as jewellers and other investors pushed for more purchases.
    • On the penultimate day of this week, gold prices in Coimbatore dropped to Rs.3,123 per gram as demand took a hit.
    • Due to demand declining, gold rates went down to Rs.3,114 per gram on the final day of the month.

    Trend of Gold Rate in Coimbatore 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%
    Comparison for 24 K Gold Rates for Coimbatore February 2018
    Graph for Gold Rate (24K) in Coimbatore February 2018

    March 2018 - Week 1 (1 - 5):

    • The price of gold on 1 March was Rs.3,043 per gram in Coimbatore as demand for the yellow metal was quite steady thanks to local industrial demand.
    • Prices were on the increase as equity markets were apprehensive of possible austerity measures due to rising inflation in the U.S.
    • Gold traded at Rs.3,049 per gram on 2 March on the back of strong demand from industry in Asia, with local demand also keeping pace.
    • Equity markets across the globe tumbled after the news of impending tariffs on imports of aluminium and steel were announced by the U.S. President.
    • Gold price in Coimbatore rose to Rs.3,068 per gram on 3 March, with the price remaining unchanged for the remainder of the week.

    March 2018 - Week 2 (5-11):

    • Gold was seen trading at Rs.3,064 per gram when the second week of March began in Coimbatore.
    • Despite the uncertainties amid trade war remained, a strong dollar pushed gold rates down in the global market and the metal traded at Rs.3,054 per gram on the 6th of March.
    • The 7th saw gold rates go up to Rs.3,074 per gram as the dollar could no longer withstand the pressure and markets fell.
    • On the 8th, gold traded at Rs.3,061 per gram before falling to Rs.3,047 per gram as investor sentiments was low.
    • The 10th saw prices rise to Rs.3,067 per gram as domestic demand surged amid some poor wage gains in the US.
    • When the week ended, gold was still seen trading at Rs.3,067 per gram, thanks to a stable demand.

    March 2018 - Week 3 (12 - 18):

    • The week began with the precious metal trading at Rs.3,057 per gram on the 12th after a stronger than expected US employment data resulted in the US dollar and equities strengthening.
    • Prices dropped to Rs.3,047 per gram on the 13th with markets cautious ahead of US Federal Reserve monetary policy meeting next week.
    • The 14th, however, saw gold rates rising to Rs.3,062 per gram as the dollar weakened after the US Secretary of State was suddenly dismissed by the US President.
    • The US greenback rose against a basket of currencies with investors and markets speculating on a possible Fed rate hike by the Federal Reserve. This led to gold prices dropping to Rs.3,056 per gram on the 15th.
    • Gold rate in Coimbatore plunged further to Rs.3,037 per gram on the 16th with domestic demand declining amid the poor trends overseas.
    • The 17th saw gold prices rising marginally to Rs.3,040 per gram following an increase in demand from local jewellers and retailers.
    • The week came to an end with bullion prices holding steady at Rs.3,040 per gram on the 18th with steady demand amid positive global trends.

    March 2018 - Week 4 (19 - 25):

    • The week opened with gold priced at Rs.3,030 per gram on 19 March in Coimbatore on steady demand from industry as well as the retail market.
    • As the U.S. Dollar lost value due to political uncertainty as well as a looming trade war, demand for gold rose across the world, which kept prices high.
    • Gold price in Coimbatore jumped to Rs.3,046 per gram on 20 March as markets were apprehensive ahead of the Fed meeting.
    • With the Fed taking a less hawkish outlook, markets were disappointed and plunged, which led to greater demand for bullion.
    • Gold soared to Rs.3,081 per gram on 23 March and continued to rise over the rest of the trading week as local demand was buoyed by positive international trends.
    • Gold price in Coimbatore reached Rs.3,105 per gram on 24 March as renewed geopolitical tensions in the U.S. led to markets falling steeply.
    • The week ended with no change in the price of gold, as steady demand and positive markets cues kept prices at Rs.3,105 per gram on 25 March.

    March 2018 - Week 5 (26 - 31):

    • The week opened in Coimbatore with bullion prices holding at Rs.3,095 per gram on the 26th with prices going down after the US dollar rose amid the US-China trade war concerns diminishing.
    • However, the next day saw gold rates climbing to Rs.3,098 per gram with the dollar weakening against other major currencies as the US-Russian diplomatic relations deteriorated.
    • The US dollar index regained lost ground over the next few days amid the well-performing equity markets. This led to gold being priced at Rs.3,084 per gram and Rs.3,067 per gram on the 28th and the 29th.
    • With the greenback holding its gains from the previous session, gold prices in Coimbatore plunged slightly to Rs.3,066 per gram on the 30th.
    • Thanks to an increase in domestic demand from local jeweller, retailers and industries amid positive global cues, the bullion prices rose to Rs.3,072 per gram on the last day.
    • Coimbatore recorded an incline of 0.95% in gold rates during the course of the month.

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

    Parameters Gold price (24 karat)
    Gold rate on 1st February 2018 Rs.3,040 per gram
    Gold rate on 28th February 2018 Rs.3,046 per gram
    Highest Rate in February Rs.3,103 per gram on 14 February
    Lowest Rate in February Rs.3,003 per gram on 8 February
    Overall Monthly Performance Incline
    Percentage Change 0.19%
    Comparison for 24 K Gold Rates for Coimbatore January 2018
    Graph for Gold Rate (24K) in Coimbatore January 2018

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

    • On the 1st, gold was recorded trading at Rs.3,040 per gram in Coimbatore. The decline in prices was mainly due to the US Federal Reserve decision to leave its interest rates unchanged in the meeting that pushed the dollar ahead from the previous month.
    • Gold price in Coimbatore surged to Rs.3,071 per gram the next day with an increase in demand by local jewellers, retailers and industries as the US dollar rates continued to remain unchanged ahead of the US jobs data release.
    • With the US employment data implying an increase in jobs and payrolls during the year, the dollar rates spiked ahead. This led to gold rate in Coimbatore dropping to Rs.3,050 per gram on the 3rd.
    • Steady domestic demand coupled with firm overseas trends led to the bullion being priced at Rs.3,050 per gram for the rest of the week.

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

    • Gold started trading at Rs.3,035 per gram when the second week of February began in Coimbatore.
    • This rose to Rs.3,071 per gram - by Rs.36 - as a massive equity sell-off worldwide spurred safe-haven demand.
    • However, the sharp demand from previous day dropped and gold prices in Hyderabad went down to Rs.3,031 per gram. This was because the US dollar bounced back against a basket of other currencies.
    • The 8th saw gold price in Coimbatore fall again - this time to Rs.3,003 per gram - as demand took a hit as the dollar continued on its resurgent path.
    • With domestic demand rising, particularly from jewellers, gold rate in Coimbatore went up to Rs.3,018 per gram on the 9th.
    • Demand increased on the 10th and the metal traded at Rs.3,023 per gram on the 10th of February. This continued on till the closing hours of the week as demand remained steady.

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

    • The week opened in Coimbatore with the precious metal prices at Rs.3,025 per gram on the 12th with the US dollar holding back ahead of the US inflation data release.
    • Gold rate in Coimbatore surged to Rs.3,030 per gram on the 13th with markets awaiting the inflation data for clues on the pace of interest rates hike during the year.
    • On the 14th, the bullion was recorded trading at Rs.3,103 per gram with the dollar losing against other apex currencies in the global market ahead of the US inflation data later during the day.
    • The data, however, proved to be on par with the expectations showing an incline in the US consumer prices. This led to gold price in Coimbatore plunging to Rs.3,071 per gram on the 15th.
    • Rates surged to Rs.3,074 per gram the next day before rising further to Rs.3,096 per gram on the 17th with an increase in demand for the bullion by investors to sidestep the inflation concerns.
    • The week ended with gold prices holding at Rs.3,096 per gram on the 18th following steady domestic demand industries, jewellers and retailers amid positive overseas trends.

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

    • Gold opened at Rs.3,083 per gram in Tamil Nadu’s second most popular city - Coimbatore. This rate dropped to Rs.3,068 per gram the next day as a rising US dollar put a break to the yellow metal’s gains.
    • As the continued to register further gains, gold price in Coimbatore dropped to Rs.3,057 per 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.
    • With the local demand being boosted by a number of key factors, gold rate in Coimbatore went up to Rs.3,060 per gram on the 23rd of the moth.
    • As domestic demand remained strong amid a well-performing dollar, gold rates in Coimbatore surged to Rs.3,067 per gram on the 24th of February.
    • The fourth week of February ended with gold trading at Rs.3,067 per gram.

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

    • When trading commenced in Coimbatore, the precious metal was recorded trading at Rs.3,069 per gram on the 26th amid firm trends overseas.
    • Gold rate in Coimbatore remained untouched at Rs.3,069 per gram the following day ahead of the US Federal Reserve Chairman’s first congressional testimony.
    • With the US dollar strengthening after Jerome Powell, the Fed Chair promised to improve the country’s economy by sticking to the Fed rate hike plans, gold prices in Coimbatore plunged to Rs.3,046 per gram on the 28th.
    • Gold rates rose by 0.19% in the city during the course of the month.

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

    Parameters Gold price (24 karat)
    Gold Rate on 1st January 2018 Rs.3,002 per gram
    Gold Rate on 31st January 2018 Rs.3,045 per gram
    Highest Rate in January Rs.3,084 per gram on 20 and 21 January
    Lowest Rate in January Rs.3,001 per gram on 4 January
    Overall Monthly Performance Incline
    Percentage Change 1.43%
    Comparison for 24 K Gold Rates for Coimbatore December 2017
    Graph for Gold Rate (24K) in Coimbatore December 2017

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

    • On the 1st of January, gold price in Coimbatore were recorded at Rs.3,002 per gram
    • The 2nd of January saw gold rates rise to Rs.3,011 per gram as a result of the international market witnessing sharp inclines.
    • As the US dollar weakened, demand for gold increased. This pushed gold rate in Coimbatore up to Rs.3,014 per gram on the 3rd of January.
    • However, gold rates dropped to Rs.3,001 per gram on the 4th. Reports said that “today’s gold rate” declined due to the latest job data release
    • But, as the data turned out to be more negative than expected, gold rates surged back to Rs.3,013 per gram on the 5th day of the week.
    • With demand continuing to remain high amid increased demand, gold rates surged again to Rs.3,021 per gram on the 6th of the month.
    • Gold was still trading at Rs.3,021 per gram when the week came to an end.

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

    • The bullion trade in Coimbatore opened with gold priced relatively lower at Rs.3,009 per gram on the 8th with a slight decline in local demand from the previous week.
    • A weakened dollar compounded with an unevenly performing equities market led to gold price in Coimbatore surging throughout the week.
    • Gold was recorded trading at Rs.3,017 per gram on the 9th before rising further to Rs.3,022 per gram on the 10th amid the positive trends overseas.
    • The bullion prices, on the 12th, continued to rise against the poorly performing equities and the precious metal was trading at Rs.3,048 per gram.
    • Strong global cues coupled with an improved domestic demand led to gold rate in Coimbatore hitting a seven-week high of Rs.3,068 per gram on the 13th.
    • Steady demand from local jewellers, industries and retailers amid the positive overseas trends led to gold being priced at Rs.3,068 per gram when the week concluded.

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

    • Gold opened at Rs.3,073 per gram in Coimbatore when the third week of January began.
    • An increased demand from local circles led to a rise in gold price in Coimbatore and the metal traded at Rs.3,082 per gram on the second day of this week.
    • The 17th saw gold prices decline to Rs.3,079 per gram as the US dollar regained some lost ground against a host of other apex currencies.
    • On the 18th, gold pricesdropped again to Rs.3,060 as US treasury yields increased.
    • The 19th, however, saw gold rate in Coimbatore rise to Rs.3,076 per gram as the US government was head towards a shut down, causing gold demand to increase.
    • Gold rates were recorded at Rs.3,084 per gram on the 20th which continued till the closing hours of the week.

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

    • In Coimbatore, gold rates increased significantly towards the mid week, following the record trend witnessed in the global market.
    • On the 22nd of the month, gold was priced at Rs.3,022 per gram.
    • The 23rd saw gold open at Rs.3,030 per gram and close at Rs.3,026 per gram as demand remained mostly on the flatter side.
    • Significant increases in gold price in Coimbatore were witnessed from the 24th onwards, as the US dollar hit new lows while gold hit 16-month high figures.
    • On the 25th, the yellow metal opened at Rs.3,072 per gram as demand from jewellers in and around the city surged.
    • Due to a slowdown in demand, gold rate in Coimbatore dropped when the week neared its end.
    • During the last day of this week, i.e., the 28th gold was seen trading at Rs.3,068 per gram.

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

    • The bullion trade opened in Coimbatore with gold priced relatively lower at Rs.3,043 per gram on the 29th with the US dollar regaining lost ground from the previous week’s losses.
    • On the 30th, gold price in Coimabatore plunged to Rs.3,030 per gram with the US dollar gaining further amid the strengthened equities and positive US treasury yields.
    • When trading concluded for the month, the yellow metal was recorded trading at Rs.3,045 per gram on the 31st with a downtrend in the US dollar rates ahead of the Federal Reserve’s two-day meeting on monetary policies.
    • Coimbatore recorded an incline of 1.43% in gold trade due to the poor US dollar performance that pushed prices higher during the course of the month.
    Comparison for 24 K Gold Rates for Coimbatore November 2017
    Graph for Gold Rate (24K) in Coimbatore November 2017
    Parameters Gold price (24 karat)
    Gold Rate on 1st December 2017 Rs.2,982 per gram
    Gold Rate on 31st December 2017 Rs.3,015 per gram
    Highest Rate in December Rs.3,015 per gram on 30 and 31 December
    Lowest Rate in December Rs.2,903 per gram on 13 December
    Overall Monthly Performance Incline
    Percentage Change 1.10%

    December 2017 - Week 1 (1st - 10th)

    • Gold opened at Rs.2,982 per gram when trading commenced for the month in Coimbatore.
    • The next couple of days witnessed the precious metal trading relatively higher at Rs.3,002 per gram after the dollar weakened due to the political instability in the US Senate.
    • However, the US Senate’s decision to set the political differences aside and pass the Republican tax bill resulted in the dollar gaining against a basket of major currencies. This led to gold prices plunging to Rs.2,971 per gram on the 4th.
    • The dollar surged further with markets cautious ahead of the release of the US non-farm payrolls data and the possibility of an interest rate hike by the Federal Reserve in the monetary policy meetings to be held during the month.
    • This led to gold price in Coimbatore dropping to Rs.2,962 per gram and Rs.2,942 per gram on the 6th and the 7th respectively.
    • The 8th witnessed gold rate in Coimbatore plummeting to their lowest level in nearly four months at Rs.2,917 per gram after an optimistic tax reform bill to overhaul the US legislation’s tax system boosted investor sentiments in the country.
    • The last two days saw the precious metal trade marginally higher at Rs.2,927 per gram due to an increasing domestic buying despite strong dollar index and firmer equities market.

    December 2017 - Week 2 (11th - 17th)

    • Gold rate in Coimbatore opened at Rs.2,911 per gram for this week.
    • Even though there was an increased demand in global markets, the Indian markets saw little change for the initial few days.
    • The 12th saw gold price in Coimbatore drop to Rs.2,908 per gram before dropping further to Rs.2,903 per gram on the 13th of the month.
    • But, as the Fed Reserve hiked its interest rate, and as the US dollar fell due to it, gold demand went up. The metal traded at Rs.2,924 per gram on the 14th of December.
    • This level of high demand was unsustainable and hence prices fell to Rs.2,918 per gram on the 15th and the to Rs.2,917 per gram the next day.
    • The yellow metal traded at an improved Rs.2,927 per gram on the 17th of December as demand picked up amid a weak dollar showing.

    December 2017 - Week 3 (18th - 24th)

    • When the week began, the yellow metal was recorded trading at Rs.2,923 per gram on the 18th with firmer equities and a buoyant dollar and the US tax reform expected to be approved during the week
    • However, investors and stockists refrained from equities speculating the final result of the country’s biggest tax overhaul on the US economic growth. This led to gold rate in Coimbatore surging to Rs.2,928 per gram and Rs.2,931 per gram on the 19th and the 20th.
    • Prices continued to gradually improve during the week with the Senate-approved tax bill resulting in the downfall of Asian stocks.
    • The yellow metal was priced at Rs.2,933 per gram on the 21st before rising to Rs.2,935 per gram on the 22nd amid the positive trend overseas.
    • Strong global demand coupled with a weakened dollar and poorly performing equities led to gold rate in Coimbatore surging to Rs.2,956 per gram on the 23rd.
    • The week concluded with the bullion trading firm at Rs.2,956 per gram on the 24th.

    December 2017 - Week 4 (25th - 31st)

    • Gold rates in Coimbatore were recorded at Rs.2,947 per gram when the final week of December began.
    • A rise in gold prices in the international market led to an increased domestically as well. The yellow metal’s prices went up to Rs.2,956 per gram on the 26th of December.
    • The US dollar seemed to fall against other currencies, which prompted a Rs.18 increase on the 27th of December. The yellow metal traded at Rs.2,974 per gram on this day.
    • On the 28th, gold rates reached a one-month high figure as the US dollar began to fall further, prompting gold to trade at Rs.2,985 per gram.
    • On the 30th, gold was seen trading at Rs.3,015 per gram. According to reports, “today’s gold rate” increased because of the unending geopolitical concerns between the US and North Korea and also the inflation in the US.
    • When trading for the week came to an end, the yellow metal was priced at Rs.3,020 per gram.
    Parameters Gold price (24 karat)
    Gold rate on 1st November 2017 Rs.2,988 per gram
    November 31 Rate Rs.2,992 per gram
    Highest Rate in November 2017 Rs.3,031 per gram on 18 and 19 November
    Lowest Rate in November 2017 Rs.2,974 per gram on 6 November
    Overall Monthly Performance Incline
    Percentage Change 0.13%
    Comparison for 24 K Gold Rates for Coimbatore October 2017

    November 2017 - Week 1 (1st - 5th)

    • Gold started off on a weak note this week amid a strengthening US dollar. The metal was priced at Rs.2,988 per gram on the 1st of November.
    • Gold rate in Coimbatore dropped to Rs.2,985 per gram on the 2nd, as local demand remained on the weaker side, even though there was a slight increase in global trading cues.
    • On the 3rd, gold price in Coimbatore went down to Rs.2,985 per gram as dollar seemed to strengthened against other apex currencies.
    • The soon-to-be announced US job data saw investors exercise a degree of caution on the 4th. This led to gold trading at Rs.2,979 per gram. Another reason for the fall was the increase in equities’ investment in major markets around the world.
    • When the week ended, gold was priced at Rs.2,977 per gram as local demand failed to pick up due to weak trading cues.

    November 2017 - Week 2 (6th - 12th)

    • Gold opened on a relatively weaker note amid a firm US dollar value, and the yellow metal was trading at Rs.2,974 per gram on the 6th.
    • However, the dollar lost its sheen with investors speculating towards the end of the two-day monetary policy meeting. This led to gold price in Coimbatore rising to Rs.2,995 per gram on the 7th.
    • The dollar dropped further with equities markets concerned over the possible delays in the US tax reform. This resulted in prices rising further to Rs.3,002 per gram and Rs.3,008 per gram on the 8th and 9th respectively.
    • The 10th, however, witnessed gold rate in Coimbatore hitting the highest in nearly three weeks at Rs.3,015 per gram on account of increased buying from investors and jewellers amid a weaker US dollar.
    • Prices remained unchanged for the rest of the week owing to steady global demand amid a strong trend overseas.

    November 2017 - Week 3 (13th - 19th)

    • When the week began, gold was priced at Rs.3,004 per gram.
    • Gold price in Coimbatore fell to Rs.3,007 per gram on the 14th as US treasury yields hit a new high.
    • A rise in demand saw gold rate in Coimbatore jump to Rs.3,018 per gram before falling to Rs.3,004 per gram on the 16th as Fed rate hike kept the bullion industry in check.
    • The 17th as well saw demand remain low, with the metal selling at Rs.3,007 per gram.
    • Gold traded at Rs.3,031 per gram on the 18th as tax cuts introduced by US President Donald Trump pushed rates up.
    • The final day of this week saw gold prices consolidating to end at Rs.3,025 per gram.

    November 2017 - Week 4 (20th - 26th)

    • Gold opened at Rs.3,025 per gram when the week began in Coimbatore.
    • Gold price in Coimbatore fell to Rs.3,004 per gram on the 22nd as demand fell considerably as investors were ready to err on the side of caution.
    • The 22nd saw gold rate in Coimbatore improve slightly to trade at Rs.3,005 per gram before surging to Rs.3,013 per gram on the 23rd due to positive global cues.
    • Demand for the metal remained largely unchanged and the metal traded at Rs.3,012 per gram on the 24th.
    • But, as global demand began to fall, gold rates continued on at Rs.3,014 per gram over the last two days of this week.

    November 2017 - Week 5 (27th - 30th)

    • Gold traded at Rs.3,011 per gram in Coimbatore when the week began.
    • A positive response from the Fed chair pushed gold rate in Coimbatore down to Rs.3,008 per gram on the 28th before continuing at the same rate on the 29th as well.
    • The 30th was a poor day for gold trading as the US economy saw a considerable improvement on the back of strong economic data.
    • When the week came to an end, the yellow metal was being traded at Rs.2,992 per gram - a Rs.19 decline since the beginning of the week.
    Comparison for 24 K Gold Rates for Coimbatore September'17
    Parameters Gold price (24 karat)
    Gold Rate on 1st October 2017 Rs.3,040 per gram
    Gold Rate on 31st October 2017 Rs.2,997 per gram
    Highest Rate in October 2017 Rs.3,059 per gram on 14 and 15 October
    Lowest Rate in October 2017 Rs.2,997 per gram on 6, 27, 30, and 31 October
    Overall Monthly Performance Decline
    Percentage Change -1.41%

    October 2017 - Week 1 (1st -7th)

    • Trends seen across other Indian cities were reflected in Coimbatore as gold prices fell steadily over the course of the week due to poor demand.
    • The yellow metal traded at Rs.3,040 per gram on 1 October but prices soon dipped as investors and jewellers lowered orders.
    • The metal traded at Rs.3,034 per gram on 2 October before plunging to Rs.3,010 per gram on 3 October due to a sharp increase in the dollar rate.
    • Anticipation over the release of positive U.S. employment data kept investors away from gold, with international demand also low due to high import rates.
    • Local demand also dropped as gold traded at Rs.3,005 per gram on 5 October, falling to Rs.2,997 per gram on 6 October on global cues.
    • There was a rise in gold price in Coimbatore as the week drew to a close, with gold trading at Rs.3,017 per gram on 7 October.

    October 2017 - Week 2 (8th -14th)

    • Gold prices in Coimbatore began for the week at Rs.3,017 per gram and surged to Rs.3,027 per gram on the 9th as a weaker dollar pushed gold rates up slightly.
    • On the 10th, gold rates went up to Rs.3,036 per gram as demand in the city increased due to positive cues from the global market.
    • Gold rates, however, fell slightly on the 11th to Rs.3,033 per gram as sales tightened following a slowdown in trade in Indian and international markets.
    • But, inflation data from the US brought about an increase in demand for gold on the 12th. Gold was trading at Rs.3,041 per gram on this day’s closing time.
    • Even though there was a high demand in the international markets, gold rates in Coimbatore declined to Rs.3,031 per gram on the 13th.
    • The final day of this week, however, saw gold prices surge to Rs.3,059 per gram. This was because of an increase in safe-haven purchases in the western markets.

    October 2017 - Week 3 (15th - 21st)

    • Gold rates in Coimbatore opened Rs.3,059 per gram on the 15th of October.
    • Rates fell to Rs.3,048 per gram on the 16th as the US dollar gained considerably over other major currencies of the world. Besides this, the Asian stock markets also showed positive growth, which reduced the demand for the yellow metal.
    • On the 17th, gold price in Coimbatore decreased to Rs.3,027 per gram as US Treasury Bonds offered optimal returns, strengthening the greenback furthermore.
    • Gold rate in Coimbatore went down on the 18th to Rs.3,023 per gram despite there being a high demand for gold in most cities in the country.
    • When trading ended on the 19th, gold rates had fallen to Rs.3,021 per gram. However, gold demand bounced back as pre-Diwali demand pushed gold prices up to Rs.3,026 per gram.
    • The week drew to a close with the metal trading at Rs.3,027 per gram.

    October 2017 - Week 4 (22-28):

    • Gold opened at Rs.3,027 per gram on the 22nd, when trading commenced in Coimbatore.
    • With the dollar gaining over other major currencies, demand for the precious metal declined, thus, pushing prices down to Rs.3,006 per gram on the 23rd.
    • The 24th witnessed gold rate in Coimbatore rising to Rs.3,009 per gram as the dollar weakened with investors anxious about an early announcement from Trump on the US Federal Reserve chair.
    • Gold price in Coimbatore plunged to Rs.3,001 per gram the next day as demand for gold declined against firm equity markets, and a strong dollar rate.
    • Reduced demand from investors and local jewellers resulted in gold rates dropping further to Rs.3,000 per gram on the 26th.
    • On the 27th, Chennai witnessed the yellow metal prices hit their lowest in nearly three weeks at Rs.2,997 per gram. The sole reason being the European Central Bank’s decision to extend its monetary stimulus, pushing the dollar higher.
    • With positive global trends leading to an increased local demand, the yellow metal was trading at Rs.3,006 per gram when the week ended on the28th.

    October 2017 - Week 5 (29th- 31st)

    • Gold rates in Coimbatore didn’t witness much of a change with regard to gold rates.
    • On the 29th, when the week began, gold was priced at Rs.3,006 per gram.
    • As investors awaited the outcome of the two-day meeting, gold rates the world over dropped. Due to this gold rates went down to Rs.2,997 per gram on the 30th of the month.
    • Markets remained low but stable for the metal to trade at Rs.2,997 per gram on the 31st of October as investors awaited the outcome of the Federal Reserve meeting.
    Comparison for 24 K Gold Rates for Coimbatore August'17
    Parameters Gold price (24 karat)
    September 1 Rate Rs.2,995 per gram
    September 30 Rate Rs.3,040 per gram
    Highest Rate in September Rs.3,102 per gram on 8 September
    Lowest Rate in September Rs.2,995 per gram on 1 September
    Overall Monthly Performance Incline
    Percentage Change 1.50%

    September 2017 - Week 1 (1st to 10th)

    • When the week began on September 1st, gold was priced at Rs.2,995. This was a result of weak demand from jewellers and investors.
    • The 2nd and 3rd saw prices bump up slightly to Rs.2,997 per gram due to a sustained purchasing trend.
    • As news about North Korea conducting its most powerful nuclear test broke out, gold rates surged massively to go up to Rs.3,081 per gram on the 4th of September.
    • Demand, however, fell on the 5th as the sudden spike in sales couldn’t be sustained. The metal was selling at Rs.3,068 per gram on the 6th but increased to Rs.3,087 per gram as trading levels increased.
    • On the 8th, gold price in Coimbatore ascended to a 11-month high figure of Rs.3,102 per gram as a result of falling markets.
    • The last two days of the extended week saw gold trade at Rs.3,095 per gram as purchases went down slightly due to reduced demand.

    September 2017 - Week 2 (11th to 17th)

    • The second week of September began with gold trading at Rs.3,074 per gram in Coimbatore gold prices dropped due to a decrease in demand.
    • Local demand was poor after a month of record highs, with gold prices dropping in spite of favourable market conditions and a low U.S. dollar rate.
    • Gold fell to Rs.3,055 per gram on 12 September following a minor rally by markets in the U.S. but soon rose to Rs.3,068 per gram on 13 September.
    • Persistent war rhetoric and an escalation of tensions with North Korea led to wildly fluctuating markets, though this had little impact on gold rates, which fell to Rs.3,051 per gram on 14 September.
    • Local jewellers were cautious of increasing orders and retail demand fell due to prohibitively high prices, resulting in there being no change in the gold price in Coimbatore for the rest of the week.
    • Gold ended the week trading at Rs.3,051 per gram on 17 September due to a combination of weak demand and market conditions.

    September 2017 - Week 3 (18th-24th)

    • Gold prices in Coimbatore began at Rs.3,035 per gram when trading commenced for the third week of September.
    • Prices fell to Rs.3,030 per gram the next day as gold demand seemed to stagnate internationally due to upcoming Fed Reserve meetings.
    • On the 20th, gold rate in Coimbatore rose to Rs.3,045 per gram as the festive season pushed jewellers to increase their gold reserves.
    • Due to the US dollar strengthening, gold prices fell to Rs.3,026 per gram on the 21st. This was because the change in dollar value had a knock on effect on bullion sales.
    • Gold rate in Coimbatore rallied back on the 22nd of September to hit Rs.3,030 per gram as the North Korea - US stand-off took a new turn.
    • Gold prices in coimbatore remained at Rs.3,030 per gram during the last two days of this week as demand remained steady.

    September 2017 - Week 4 (25th-30th)

    • Gold prices in Coimbatore started at Rs.3,030 per gram when the week began on the 25th.
    • Prices rose to Rs.3,072 per gram on the 26th due to a rise in local demand and a subsequent weakening of the US dollar.
    • Gold rates, however, went down to Rs.3,051 per gram on the 27th as festive demand subsided after dollar rose amidst a possible Fed rate hike.
    • Gold price in Coimbatore remained largely subdued for the remaining days of the week as the festive season buying frenzy came to a halt.
    • On the 28th, the yellow metal was trading at Rs.3,030 per gram, before going down to Rs.3,028 per gram the next day.
    • The final day of this week saw gold selling at Rs.3,040 per gram, thanks a slightly increased buying.
    Parameters Gold price (24 karat)
    August 1 Rate Rs.2,926 per gram
    August 31 Rate Rs.2,971 per gram
    Highest Rate in August Rs.2,999 per gram on 29 August
    Lowest Rate in August Rs.2,899 per gram on 3 August
    Overall Monthly Performance Incline
    Percentage Change 1.53%
    Comparison for 24 K Gold Rates for Coimbatore July'17

    August ‘17 - Week 1 (1st to 6th)

    • Gold prices in Coimbatore fell as the week began due to poor demand from jewellers as well as consumers.
    • The metal opened the week trading at Rs.2,926 per gram on 1 August before dropping to Rs.2,917 per gram on 2 August due to a reduction in demand form Asian markets.
    • The price of gold in Coimbatore fell further, trading at Rs.2,899 per gram on 3 August as the U.S. dollar recovered from its bad spell, resulting in a decrease in demand from overseas markets.
    • Prices recovered to trade at Rs.2,920 per gram on 4 August as local markets increased orders.
    • The week ended with gold price in Coimbatore falling to Rs.2,900 per gram on 5 & 6 August on account of weak offtake from overseas as well as reduced demand from local consumers.

    August ‘17 – Week 2 (7th to 13th)

    • In Coimbatore, gold started the second week of August at a price of Rs.2,901 per gram.
    • As demand went up slightly on the 8th, gold rate in Coimbtore went up to Rs.2,906 per gram and then to Rs.2,917 per gram on the 9th.
    • Due to a surge in global demand, global prices saw one of the biggest rises yet as they went up by Rs.30 to trade at Rs.2,947 per gram on the 10th of August.
    • Concerns regarding an ugly stand-off between the US and North Korea led the market to a frenzy which led to prices going up to Rs.2,977 per gram on the 11th.
    • Demand remained the same on the last two days of the second week and gold was seen trading at Rs.2,977 per gram when the week came to an end.

    August ‘17 - Week 3 (14th to 20th)

    • Coimbatore’s gold prices fluctuated towards the middle of the third week of August due to a combination of declining demand and market conditions.
    • Gold was priced at Rs.2,962 per gram on 14 & 15 August as demand dipped marginally in the run-up to independence day.
    • Prices fell sharply on 16 August, trading at Rs.2,940 per gram due to a sudden resurgence by the dollar as well as a decline in Asian demand ahead of the U.S. Federal Reserve meeting.
    • Prices rebounded and rose to trade at Rs.2,969 per gram on 17 August as the dollar fell on renewed tensions between the United States and North Korea.
    • The attacks in Barcelona led to markets fluctuating but gold price in Coimbatore were not adversely impacted, trading at Rs.2,942 per gram on 18 August.
    • Prices recovered as the week drew to a close, with the dollar falling after the full scale of the attacks in Barcelona and subsequent impact were felt, with gold trading at Rs.2,951 per gram on 19 & 20 August.

    August 2017 – Week 4 (21st - 27th)

    • When trading began for the fourth week of August, gold was priced at Rs.2,950 per gram.
    • As demand increased due to a upswing in investors’ sentiments, gold prices went up to Rs.2,965 per gram on the 22nd.
    • Gold price in Coimbatore slid down to Rs.2,963 per gram on the 23rd of August because the rise in demand was brought down slightly as investors took a cautious approach.
    • The yellow metal’s prices went up marginally to Rs.2,965 per gram as concerns over US and its new economic policy gripped the market.
    • Over the last three days of the week, gold rate in Coimabtore remained at Rs.2,967 per gram, which was brought about by a steady demand.

    August 2017 – Week 5 (28th - 31st)

    • In line with trends seen across other major Indian cities, demand for gold in Coimbatore fluctuated due to vagaries in demand and market conditions.
    • Gold was priced at Rs.2,942 per gram on 28 August as demand dipped sharply following the central bankers meeting in Jackson Hole.
    • The bullish market was short-lived as concerns over North Korea’s missile tests led to investors buying large amounts of the yellow metal, whose price rose to a monthly-high of Rs.2,999 per gram on 29 August.
    • Prices began to fall as local demand was muted in spite of favourable cues such as a low U.S. dollar rate, with gold trading at Rs.2,973 per gram on 30 August.
    • Gold rate in Coimbatore dropped further as the month ended, trading at Rs.2,971 per gram on 31 August
    Parameters Gold price (24 karat)
    July 1 Rate Rs.2,950 per gram
    July 31 Rate Rs.2,925 per gram
    Highest Rate in June Rs.2,950 per gram on 1 July
    Lowest Rate in June Rs.2,796 per gram on 11 July
    Overall Monthly Performance Decline
    Percentage Change -0.84%
    Comparison for 24 K Gold Rates for Coimbatore June'17

    July 2017 - Week 1 (1st to 9th)

    • On the first day of the month, gold traded at Rs.2,950 per gram in Coimbatore and continued to trade at this price the next day as well.
    • However, due to reduced demand for this yellow metal, gold rate reduced the next day to be priced at Rs.2,935 per gram.
    • There were a number of variations noted in the price of gold as the week progressed.
    • As of monetary tightening by many global central banks, the value of the U.S. dollar was quite low.
    • The price of gold reduced to trade at Rs.2,900 per gram on 5 July due to a fall in the demand for this metal from domestic markets.
    • Gold rate recovered slightly on 6 July to be priced at Rs.2,901 per gram before falling to trade at Rs.2,875 per gram on the last two days of the first week.

    July 2017 - Week 2 (10th to 16th)

    • Gold rate in Coimbatore remained steady during this week albeit hovering too close to four-month lows in the international market.
    • In Coimbatore, the week began on the 10th with gold trading at Rs.2,831 per gram.
    • However, positive news about US job growth surfaced, gold prices fell to Rs.2,796 per gram on the 11th.
    • The sharp increase in US market data was halted by the controversy about president Trump’s Russia links.
    • Gold price in Coimbatore went up by Rs.17 per gram to reach Rs.2,813 per gram on the 12th as the latest Trump family issue brought about an increase in prices.
    • The fall in US dollar rate somewhat subsided as gold rates went down marginally to Rs.2,810 per gram on the 13th.
    • On the back of rising jobs in the US, dollar rate was somewhat on the increase, leading to gold trading at Rs.2,803 per gram on the 14th.
    • As the latest Trump scandal escalated, gold price went up to Rs.2,818 per gram on the 15th and continued at the same rate till the end of the 16th.

    July 2017 - Week 3 (17th to 23rd)

    • Trade in gold was on the ascent in Coimbatore in the third week of July, with gold opening the week at Rs.2,822 per gram on 17 July.
    • Market instability as well as a weak U.S. dollar led to increased demand for the precious metal, resulting in prices rising to Rs.2,845 per gram on 19 July.
    • Local demand was low due to the impact of GST as well as it being lean season for the metal, but prices still rose to Rs.2,869 per gram on 20 July.
    • Increased demand from Asia coupled with poor stock market performance led to gold prices spiking to Rs.2,897 per gram on 21 July.
    • Gold price in Coimbatore started to stabilise as the week drew to a close, resulting in gold ending the week trading at Rs.2,917 per gram on 23 July.

    July 2017 - Week 4 (24th to 31st):

    • Gold prices in Coimbatore followed a similar trend to that of India with the yellow metal trading at Rs.2,918 per gram on the 24th.
    • Prices fell over the next couple days, hitting Rs.2,910 per gram on the 25th and then Rs.2,897 per gram on the 26th, as domestic demand from jewellers were subdued.
    • Concerns over US President Donald Trump’s administration brought about an increase in prices on the 27th. Rates went up by Rs.23 to Rs.2,920 per gram as global demand increased.
    • Gold rates fell marginally to Rs.2,913 per gram on the 28th but surged the next day as concerns over a North Korean stand-off forced the market into panic mode.
    • The yellow metal was trading at Rs.2,926 per gram on the 29th and, as demand remained constant, didn’t see much of a change on the 30th.
    • The last day of the week and month, however, saw gold rates drop by a small margin to end the day at Rs.2,925 per gram.

    Gold has been considered a safe investment as it negate any rise in inflation. One can choose to invest in any of the following gold options in Coimbatore.

    • Jewelry – The love for jewelry among Indians is well known and jewelry constitutes the major portion of gold investments in Coimbatore. Jewelry can be sold or exchanged for good rates, making it an investment for all seasons.

    • Gold Bullion Bars – Gold bullion bars are an ideal investment option for those who can afford them. These bars can weigh up to 1 kg each and are highly desired across the world. With 99.5% purity these bars can be perfect for those who wish to invest in a commodity which has no risk.

    • Gold Bullion Coins – Gold coins are today considered the safest and smartest investment in gold. People in Coimbatore prefer buying gold coins rather than jewelry as there is no wastage or making charge involved with gold coins. They are easy to liquidate and can offer instant money when the need arises.

    • Gold Accumulation Plan – This new investment method revolves around people depositing small amounts of money into an account on a monthly basis. After a specified period the investor can choose from gold bars/coins or jewelry, as per the needs.

    • Allocated Gold Accounts – This plan is perfect for those who wish to own gold but do not want to keep it with them. Investing in gold account ensures that banks keep the gold safe and secure and the owner can access the gold when need be.

    • 24 karat gold – The current rate of 1 gram of 24 karat gold in Coimbatore is Rs 2715 (as of June 15, 2015). The rate has remained constant over the last few months, averaging at around Rs 2700 per gram.

    • 22 karat gold – The cost of 1 gram 22 karat gold is approximately Rs 2540 as of June 15, 2015. The cost of 22 karat gold has hovered around the Rs 2550 mark, indicating a stability in costs, making it an opportune time to invest in gold.

    Coimbatore is home to most of the well-established gold dealers and jewellers, some of the major ones being Malabar Gold, Kalyan Jewellers, Josco Jewellers, Karpagam Jewellers and Joyalukkas. Residents can also find smaller gold dealers across the city, with each one catering to specific needs.

    Also Check Gold Price in NearBy Cities of Coimbatore

    Gold Rate In Madurai Gold Rate In Salem Gold Rate In Trichy
    Gold Rate In Erode Gold Rate In Tirunelveli Gold Rate In Vellore
    Gold Rate In Tuticorin Gold Rate In Thanjavur Gold Rate In Dindigul
    Gold Rate In Karur Gold Rate In Hosur Gold Rate In Nagercoil
    Gold Rate In Chennai Gold Rate In Kozhikode Gold Rate In Thrissur
    Also Know: Silver Rate in Coimbatore

    Read more on Gold

    Gold Rate - Sitemap

    News About Gold Rate in Coimbatore

    • Gold Gains As Dollar Dips

      The price of gold rose on positive trends as investors awaited news of the Federal Reserve’s monetary policy. A tightening of monetary policy could lead to a decline in demand for bullion. Gold prices rose 0.2% to trade at $1,313.96 per ounce on March 21, 2018. Gold futures meanwhile dropped by 0.1% for April delivery, trading at $1,313.80 per ounce.

      The number of interest rate increases over the course of the year is an announcement that most investors are waiting for, which would determine the dollar’s prospects and by extension, demand for bullion.

      Faster rate hikes in the U.S. led to gold prices falling by as much as 4% since the year began. The rise of geo-political tensions, trade war concerns as well as rising inflation will influence the Fed’s decision on monetary policy and could negatively impact gold performance.

      21 March 2018

    • Gold touches two week high as dollar falls

      Price of gold scaled a 2-week peak as the dollar fell to a six-week low post G20 weekend summit that was dominated by the U.S. administration’s protectionist stance on trade globally. The rate of gold has been increasing since last week when the value of the dollar fell as the U.S. Federal Reserve raised rate of interest but did not predict a sharper acceleration in monetary tightening over the upcoming two years.

      Gold is dependent on falling rates of interest which reduces the opportunity cost of holding non-yielding bullion.

      20 March 2017

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