Gold Rate in Coimbatore Today

  • Today's Gold Rate in Coimbatore ( 27 Jan 2021 )

    ₹ 4,636
    Today's Gold Rate (22K) per gram

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

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,636 ₹ 4,645 ₹ -9 ↓
    Standard Gold (22 K) ( 8 grams ) ₹ 37,088 ₹ 37,160 ₹ -72 ↓
    Pure Gold (24 K) ( 1 gram ) ₹ 5,061 ₹ 5,078 ₹ -17 ↓
    Pure Gold (24 K) ( 8 grams ) ₹ 40,488 ₹ 40,624 ₹ -136 ↓

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    26 Jan 2021 ₹ 4,636 ₹ 37,088 ₹ 5,061 ₹ 40,488
    25 Jan 2021 ₹ 4,645 ₹ 37,160 ₹ 5,078 ₹ 40,624
    24 Jan 2021 ₹ 4,655 ₹ 37,240 ₹ 4,888 ₹ 39,104
    23 Jan 2021 ₹ 4,655 ₹ 37,240 ₹ 4,888 ₹ 39,104
    22 Jan 2021 ₹ 4,664 ₹ 37,312 ₹ 5,088 ₹ 40,704
    21 Jan 2021 ₹ 4,652 ₹ 37,216 ₹ 5,074 ₹ 40,592
    20 Jan 2021 ₹ 4,633 ₹ 37,064 ₹ 5,052 ₹ 40,416
    19 Jan 2021 ₹ 4,614 ₹ 36,912 ₹ 5,033 ₹ 40,264
    18 Jan 2021 ₹ 4,607 ₹ 36,856 ₹ 4,962 ₹ 39,696
    17 Jan 2021 ₹ 4,608 ₹ 36,864 ₹ 4,838 ₹ 38,704

    Weekly & Monthly Graph of Gold Rate in Coimbatore

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

    Gold Price in 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.

    Trend of Gold Rate in Coimbatore for January 2021 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    January 1 Rate Rs.4,965 per gram
    January 9 Rate Rs.5,186 per gram
    Highest Rate in January Rs.5,329 per gram on 7 January
    Lowest Rate in January Rs.4,965 per gram on 1 January
    Overall Performance Incline

    January 2021 - Week 1 (1 - 9):

    • On 1 January, gold price in Coimbatore was Rs.4,965 per gram and increased marginally on 2 January to Rs.4,985 per gram, holding steady at the same price on the following day due to flat trends in the international market.
    • The price of the metal increased on 4 January to cross the Rs.5,000 per-gram mark at Rs.5,220 per gram and increased further to rs.5,252 per gram on 5 January. The metal hit its highest price of the week on 7 January at Rs.5,329 per gram.
    • With a lowering risk appetite seen in the market, the price of gold dropped to Rs.5,242 per gram on 8 January and on the following day, closed at Rs.5,186 per gram with an overall incline.

    Trend of Gold Rate in Coimbatore for December 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    December 1 Rate Rs.4,931 per gram
    December 31 Rate Rs.5,143 per gram
    Highest Rate in December Rs.5,212 per gram on 21 December
    Lowest Rate in December Rs.4,931 per gram on 1 December
    Overall Performance Incline

    December 2020 - Week 1 (1 - 6):

    • Gold rate in Coimbatore opened the first week of the month at Rs.4,931 per gram. The price of yellow metal was down by Rs.4 when compared to the closing price of the previous month.
    • The price of gold climbed in the city over the next few days of the week. The incline in the rates saw gold record its highest price for the month till date on 5th December when a gram of the 24-karat gold was retailed for Rs.5,080.
    • Gold closed at Rs.5,076 per gram after the rates saw a minimal decline on the final day of the week. The overall performance witnessed an inclining trend in the rates.

    December 2020 - Week 2 (7 - 13):

    • Opening at Rs.5,077 per gram on 7 December, the gold rate in Coimbatore increased on the next day to hit its highest price of the week at Rs.5,163 per gram. The price of the metal increased due to lower risk appetite.
    • A gram of gold was priced at Rs.5,110 per gram on 9 December and dipped to Rs.5,067 per gram on the following day. Declining further due to vaccine optimism, gold price was Rs.5,060 per gram on 11 December.
    • Increasing marginally by Rs.20 to Rs.5,080 per gram on 12 December, gold prices increased to Rs.5,081 per gram and closed the second week of the month.

    December 2020 - Week 3 (14 - 20):

    • The price of gold in Coimbatore at the start of the third week was Rs.5,082 per gram. The yellow metal witnessed an increase of Re.1 when the price was compared to the closing price of the previous week.
    • Gold price in Coimbatore slipped the following day and a gram of the 24-karat gold was retailed for Rs.5,049 per gram. The rates increased in the city following that and the yellow metal was priced Rs.5,123 per gram on 18th December.
    • Gold rate continued to climb in Coimbatore and closed the week at Rs.5,176 per gram. This was the highest recorded price of the precious metal for the month till date. The overall performance of gold witnessed an inclining trend in the city.

    December 2020 - Week 4 (21 - 27):

    • Opening at Rs.5,212 per gram on 21 December, the price of the metal was at the highest on the day and decreased to Rs.5,178 per gram on 22 December.
    • Gold rate in Coimbatore on 23 December dipped further to Rs.5,167 per gram and by 24 December, the metal’s value had declined to Rs.5,143 per gram. However, on Christmas Day, gold rates increased marginally to Rs.5,158 per gram.
    • Increasing marginally on 26 December, the price of the metal was Rs.5,160 per gram and closed the week at Rs.5,161 per gram on 27 December.

    December 2020 - Week 5 (28 - 31):

    • The price of gold in Coimbatore at the start of the final week of December was Rs.5,190 per gram. The yellow metal witnessed an increase of Rs.29 for every gram when the price was compared to the closing price of the previous week.
    • Gold price in Coimbatore slipped over the remainder of the week due to a variety of factors. The precious metal was priced Rs.5,155 per gram on 30th December.
    • The yellow metal closed the week at Rs.5,143 per gram. The overall performance of gold in the city was one of incline.

    Trend of Gold Rate in Coimbatore for November 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    November 1 Rate Rs.5,194 per gram
    November 30 Rate Rs.4,935 per gram
    Highest Rate in November Rs.5,339 per gram on 10 November
    Lowest Rate in November Rs.4,935 per gram on 30 November
    Overall Performance Decline

    November 2020 - Week 1 (1 - 8):

    • Gold price in Coimbatore opened the first week of November at Rs.5,194 per gram on 1 November and dipped to Rs.5,192 per gram on 2 November which was the lowest price of gold in the week.
    • After constant fluctuations, the price of gold increased marginally to Rs.5,193 per gram on 3 November and further to Rs.5,238 per gram on 4 November. However, due to increased risk appetite, gold rates dipped to Rs.5,226 per gram on 5 November.
    • On 6 November, the price of the metal was Rs.5,247 per gram and closed the week, recording an overall incline at Rs.5,316 per gram on 8 November.

    November 2020 - Week 2 (9 - 15):

    • A gram of gold was retailed for Rs.5,317 in Coimbatore at the start of the second week of November. There was an increase of Re.1 when compared to the price charged on the final day of the previous week.
    • The price of gold in Coimbatore jumped to its highest for the month till date on 10th November and was retailed for Rs.5,339. Gold rates slipped in the city following that before recovering slightly.
    • Gold price in Coimbatore closed the week at Rs.5,216 per gram with the overall performance witnessing an inclining trend in the rates.

    November 2020 - Week 3 (16 - 22):

    • Opening at Rs.5,206 per gram on 16 November, gold price in Coimbatore, increased to Rs.5,239 per gram on 17 November due to the rise in COVID-19 cases in the world. However, from 18 November, gold showed a declining trend in prices.
    • At Rs.5,222 per gram on 18 November, the precious metal dipped further to below the Rs.5,200 per gram mark at Rs.5,185 per gram on 19 November as the U.S. dollar value increased in the international market.
    • On 20 November, the price of the metal dipped to Rs.5,183 per gram and closed the third week at Rs.5,199 per gram, recording an overall weekly decline.

    November 2020 - Week 4 (23 - 30):

    • Gold rate in Coimbatore opened the last week of the month at Rs.5,199 per gram on 23 November and dipped to Rs.5,184 per gram on 24 November. The price of the metal dipped further to Rs.5,062 per gram.
    • On 26 November, the price of the metal dipped to Rs.5,033 per gram and decreased marginally to Rs.5,032 per gram on 27 November. The price of the metal dipped to Rs.5,006 per gram on 28 November.
    • On 29 November, the price of the metal dipped to Rs.4,991 per gram and hit the lowest price of the month at Rs.4,935 per gram and closed at the same rate on 30 November.

    Trend of Gold Rate in Coimbatore for October 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    October 1 Rate Rs.5,274 per gram
    October 31 Rate Rs.5,193 per gram
    Highest Rate in October Rs.5,375 per gram on 17 October
    Lowest Rate in October Rs.5,096 per gram on 21 October
    Overall Performance Decline

    October 2020 - Week 1 & 2 (1 -11):

    • Opening the first week of October at Rs.5,274 per gram on first October, the gold rate in Coimbatore showed a fluctuating and inclining trend throughout the week increasing to Rs.5,292 per gram on 5 October.
    • On 6 October, the metal hit its lowest price of the week at Rs.5,239 per gram and increased to Rs.5,286 per gram on the following day. On 9 October, the price of the precious metal was Rs.5,237 per gram.
    • Gold rate on 10 October, crossed the Rs.5,300 per gram mark at Rs.5,324 per gram and was at its highest on the last day of the second week, closing at Rs.5,325 per gram on 11 October.

    October 2020 - Week 3 (12 - 18):

    • The price of gold in Coimbatore was Rs.5,326 per gram on 12th August. There was an increase of Re.1 in the rates when compared to the closing price of the previous week.
    • Gold recorded its highest and lowest price for the month till date in the metropolitan city on 17th and 18th October when a gram of the 24-karat gold cost Rs.5,375 and Rs.5,106 per gram respectively.
    • Gold price in Coimbatore closed the week at Rs.5,106 per gram with the overall performance witnessing a declining trend in the rates.

    October 2020 - Week 4 (19 - 25):

    • In Coimbatore, gold prices opened the fourth week of the month at Rs.5,107 per gram and increased to Rs.5,174 per gram on the following day due to the value of the dollar dipping in the international market.
    • On 21 October, the price of gold in Coimbatore dipped to Rs.5,096 per gram and kept fluctuating due to the trends in the international market. On 22 October, gold rates increased to Rs.5,134 per gram and further to Rs.5,150 per gram on 23 October.
    • However, on 24 October, the price of the metal declined to Rs.5,139 per gram and closed the week at Rs.5,128 per gram on 25 October.

    October 2020 - Week 5 (26 - 31):

    • The price of gold in Coimbatore at the start of the fifth week of October was Rs.5,152 per gram. When compared to the closing price of the previous week, the rate of the yellow metal was up by Rs.24 for every gram.
    • Gold price slipped in the city the next day before climbing to Rs.5,207 per gram on 29th October.
    • Gold price in Coimbatore fluctuated over the next two days and closed the week at Rs.5,193 per gram. The overall performance of gold recorded a declining trend in the rates.

    Trend of Gold Rate in Coimbatore for September 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    September 1 Rate Rs.5,221 per gram
    September 30 Rate Rs.5,354 per gram
    Highest Rate in September Rs.5,408 per gram on 21 September
    Lowest Rate in September Rs.5,019 per gram on 26 September
    Overall Performance Incline

    September 2020 - Week 1 (1 - 6):

    • Gold rate in Coimbatore was Rs.5,221 per gram on 1 September and recorded its lowest price of the week at Rs.5,162 per gram on 2 September as the value of the dollar increased in the international market.
    • On 3 September, gold price hit its highest price of the week at Rs.5,364 per gram as the value of the dollar dropped and investors shifted to the bullion market.
    • The metal fluctuated during the rest of the week and closed at Rs.5,332 per gram on 6 September with an overall weekly incline in prices.

    September 2020 - Week 2 (7 - 13):

    • Gold price in Coimbatore at the start of the week was Rs.5,333 per gram. There was an increase of Re.1 in the rate when compared to the closing price of the previous week.
    • Over the week, the price of gold in Coimbatore witnessed slight fluctuations. Gold recorded its highest price for the month till date on 11th September when a gram cost Rs.5,373 per gram.
    • The precious metal closed the week at Rs.5,335 per gram after the rates slipped over the last two days of the week. The overall performance witnessed an inclining trend in the rates.

    September 2020 - Week 3 (14 - 20):

    • A gram of gold was retailed for Rs.5,336 in Coimbatore at the start of the third week of September. There was an increase of Re.1 when compared to the price charged on the final day of the previous week.
    • Over the week, the price of gold in Coimbatore witnessed a lot of fluctuations and recorded its highest price for the month till date on 20th September.
    • Gold price in Coimbatore closed the week at Rs.5,407 per gram with the overall performance witnessing an inclining trend in the rates.

    September 2020 - Week 4 (21 - 27):

    • Opening the fourth week of the month at Rs.5,408 per gram on 21 September, gold price in Coimbatore dipped marginally on 22 September to Rs.5,393 per gram as the dollar value recovered in the market.
    • The metal’s price fell further to below the Rs.5,300 per gram mark at Rs.5,248 per gram on 24 September, falling further to Rs.5,237 per gram on 25 September.
    • The gold rate hit its lowest price of the week on 26 September at Rs.5,019 per gram and recovered marginally, closing the week at Rs.5,215 per gram on 27 September.

    September 2020 - Week 5 (28 - 30):

    • Gold price in Coimbatore started the final week of September at Rs.5,216 per gram. When compared to the closing price of the previous week, the rate was up by Re.1 for every gram.
    • The price of the yellow metal was down in the city the next day before recovering on the final day of the month and closing at Rs.5,354 per gram.
    • The overall performance of gold witnessed an inclining trend in Coimbatore.

    Trend of Gold Rate in Coimbatore for August 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    August 1 Rate Rs.5,583 per gram
    August 31 Rate Rs.5,190 per gram
    Highest Rate in August Rs.5,914 per gram on 8 August
    Lowest Rate in August Rs.5,190 per gram on 31 August
    Overall Performance Decline

    August 2020 - Week 1 (1 - 9):

    • Gold price in Coimbatore opened the month at Rs.5,583 per gram and was at its lowest on 1 August. The price of gold had increased marginally compared to its previous closing price.
    • With additional stimulus packages to be released by the United States Federal Reserve, the demand for gold and its price increased due to its safe-haven appeal.
    • The price of the metal hit record highs on 8 August, crossing the Rs.5,900 per gram at Rs.5,914 per gram and closed the week at Rs.5,870 per gram on 9 August.

    August 2020 - Week 2 (10 - 16):

    • Gold price in Coimbatore at the start of the second week of August was Rs.5,871 per gram. Compared to the closing price of the previous week, the price of the yellow metal saw a minimal increase of Re.1.
    • Gold recorded its lowest price for the month till date on 12th August when a gram cost Rs.5,468 in the city.
    • While the rates improved in the city gradually, it slipped on the final day of the week and closed at Rs.5,566 per gram. In Coimbatore, the metal’s overall performance witnessed a declining trend.

    August 2020 - Week 3 (17 - 23):

    • The gold rate was Rs.5,567 per gram on 17 August marking the opening of the third week of August. The metal dipped on the following day to Rs.5,533 per gram due to a recovering dollar value.
    • On 19 August, gold price in Coimbatore fell near the Rs.5,400 per gram level and was at its lowest price of the month till date at Rs.5,414 per gram. Gold recovered on the following day, at Rs.5,625 per gram.
    • On 21 August, the gold rate in Coimbatore decreased to Rs.5,547 per gram with investors booking profits and held steady on 22 August as well. The metal closed the week at Rs.5,507 per gram.

    August 2020 - Week 4 (24 - 31):

    • Gold price in Coimbatore at the start of the final week of August was Rs.5,508 per gram. The price of the yellow metal was up by Re.1 when compared to the closing price of the previous week.
    • The price of gold witnessed a declining trend in the city over the first few days of the week. Gold recorded a climb on 28th August and cost Rs.5,428 per gram.
    • Gold price slipped again in the city and recorded its lowest price for the month on 31st August. A gram of the 24-karat gold was retailed for Rs.5,190 on the mentioned date. The overall performance of gold witnessed a declining trend.

    Trend of Gold Rate in Coimbatore for July 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    July 1 Rate Rs.5,049 per gram
    July 31 Rate Rs.5,561 per gram
    Highest Rate in July Rs.5,561 per gram on 31 July
    Lowest Rate in July Rs.4,904 per gram on 14 July
    Overall Performance Incline

    July 2020 - Week 1 (01 - 05):

    • In Coimbatore, the price of gold opened the month of July at Rs.5,049 per gram and recorded the lowest price of the metal in the week. However, with the rise in COVID-19 cases all over the world, the price of the metal increased and hit an all-time high, crossing the Rs.5,050 per gram at Rs.5,096 per gram on 2 July.
    • On 3 July, the price of the metal dipped as investors shifted away from safe-haven assets towards the equities market as positive data was released from the United States of America along with a possible vaccine for COVID-19 which increased risk appetite amongst investors. The value of the metal dipped marginally and was Rs.5,095 per gram on 3 July.
    • The precious metal’s value fell further on 4 July to Rs.5,089 per gram on 4 July with investors awaiting further updates of the vaccine and the value of the metal was steady. Gold closed the first week of the month dipping marginally to Rs.5,085 per gram on 5 July, recording an overall weekly incline.

    July 2020 - Week 2 (06 - 12):

    • As the number of fresh cases of COVID-19 continued to rise in many countries all over the world, the value of gold showed continuous inclines in the market. Opening the second week of July at Rs.5,086 per gram on 6 July, the price of the metal showed a marginal incline compared to the closing price of the previous week at Rs.5,085 per gram. On 7 July, the value of the metal dipped due to the dollar value recovering in the market, resulting in a gram of gold being priced at Rs.5,072 per gram and further dipping to Rs.5,063 per gram on 8 July.
    • However, as the number of cases increased all over the world, investors moved away from riskier assets and towards the bullion market and on 9 July, the value of the metal recovered and was Rs.5,100 per gram, further increasing to Rs.5,147 per gram on 10 July which was the highest price of the week. The price of gold showed continued inclines as safe-haven demand for the metal increased all over the world.
    • On 11 July, the value of the metal dipped to Rs.5,121 per gram as speculations of the economy recovering boosted risk appetite amongst investors and the focus shifted away from the bullion market and towards equities. The value of the metal closed the week at Rs.5,118 per gram on 12 July with an overall weekly incline.

    July 2020 - Week 3 (13 - 19):

    • The price of gold in Coimbatore at the start of the third week of July was Rs.4,908 per gram. There was a decline of Rs.210 in the rates when compared to the price charged on the final day of the previous week.
    • Gold rates dropped again the next day and recorded its lowest price for the month till date. A gram of the 24-karat gold was retailed for Rs.4,904.
    • While the price of gold increased on 15th July, it slipped over the next few days before increasing considerably on the last day of the week and closing at Rs.5,133 per gram. The metal’s overall performance witnessed an inclining trend.

    July 2020 - Week 4 (20 - 26):

    • Gold price in Coimbatore at the start of the fourth week of July was Rs.5,134 per gram. There was a minimal increase of Re.1 in the rates when compared to the price charged on the last day of the previous week.
    • Gold price climbed in the city over the week after recording a drop on 21st July. Over the week, the price of the yellow witnessed an increase of Rs.214 for every gram.
    • In Coimbatore, gold price closed the penultimate week of the month at Rs.5,348 per gram. The closing price was highest for a gram of the precious metal for the month of July till date.

    July 2020 - Week 5 (27 - 31):

    • Gold rates in Coimbatore in the last week of the month opened at Rs.5,349 per gram on 27 July and showed an inclining trend throughout the week. On the following day, the metal’s price increased to Rs.5,431 per gram.
    • The metal’s price surged due to the rising number of COVID-19 cases all over the world and the increase in safe-haven demand of the metal. Gold rates increased further to cross the Rs.5,500 per gram mark.
    • On the last day, the metal hit its highest and closed at Rs.5,561 per gram on 31 July.

    Trend of Gold Rate in Coimbatore for June 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    June 1 Rate Rs.4,917 per gram
    June 30 Rate Rs.5,067 per gram
    Highest Rate in June Rs.5,067 per gram on 30 June
    Lowest Rate in June Rs.4,642 per gram on 29 June
    Overall Performance Incline

    June 2020 - Week 1 (1 - 7):

    • In Coimbatore, gold opened the month of June at Rs.4,917 per gram. Compared to the closing price of the previous month, there was an incline in the rates. The price for every gram of the yellow metal was up by Rs.205 for every gram in the city. The increase was accounted to concerns of a fresh economic setback after reports of riots in the United States.
    • Gold recorded its highest price for the month till date on 2nd June with a gram costing Rs.4,923. The increase in the rates was accounted to investors seeking a hedge against the economic fallout from the coronavirus pandemic and uncertainties arising due to tensions between Washington and China.
    • The rates of the precious metal dipped in the city following that as equity markets rallied on economic optimism and the risk-on sentiment was boosted on the hope that there would be further stimulus measures. While the rates improved slightly on 4th June, it dipped again and closed the week at Rs.4,648 per gram, the lowest for the month till date. The rates witnessed a declining trend over the week.

    June 2020 - Week 2 (8 - 15):

    • Gold prices opened the second week of the month at Rs.4,837 per gram on 8 June and increased marginally to Rs.4,843 per gram on 9 June with investors shifting away from riskier assets and moving towards the bullion market due to its safe-haven appeal. Along with this, the rise in new COVID-19 cases all over the world prompted investors to shift to invest in the precious metal. The price of the metal continued to show its positive trend in the market and increased to Rs.4,852 per gram on 10 June with the value of the dollar dipping in the international market, providing a boost to the bullion prices.
    • The price of the precious metal increased marginally on 11 June by Rs.47 per gram to Rs.4,899 per gram with investors awaiting the economic data by the United States Federal Reserve. With possible hints of a fall in the economy of the United States of America, the risk appetite dipped amongst investors. However, with the value of the dollar holding steady in the market, the price of gold dipped on 12 June to Rs.4,752 per gram, hitting below the Rs.4,800 per gram mark. The price of the metal recovered and increased to cross the Rs.4,900 per gram mark on 13 June to Rs.4,951 per gram.
    • On 14 June, gold prices in Coimbatore increased to Rs.4,966 per gram with investors shifting to the bullion market with a rise in COVID-19 cases all over the world and poor economic data projected by the United States Federal Reserve. With economic data projected at a low for Britain as well, safe-haven demand for the precious metal increased and the metal closed the week at Rs.4,967 per gram on 15 June with an overall weekly incline.

    June 2020 - Week 3 (16 - 21):

    • In Coimbatore, a gram of the 24-karat gold was priced Rs.4,946 at the start of the third week of the month. There was a decline of Rs.21 in the rates of every gram when compared to the closing price of the previous week.
    • Over the next couple days, the rates fluctuated in the city. Gold was priced at Rs.4,966 per gram on 19th June.
    • With concerns regarding a second wave of coronavirus infections denting hopes of a quick economic recovery, the rates of the yellow metal jumped in the city over the last couple of days. Gold closed the week at Rs.5,028 per gram, which was the highest for the month of June till date. In Coimbatore, the overall performance of the precious metal witnessed an inclining trend in the rates.

    June 2020 - Week 4 (22 - 30):

    • Gold was priced Rs.5.029 per gram on 22nd June in Coimbatore. The rates of the precious metal were up by Re.1 when compared to the closing price of the previous week.
    • The rates of the yellow metal fluctuated over the next few days in the city before dropping considerably on 29th June. A gram of the 24-karat gold was retailed for Rs.4,642 in the city on the mentioned date.
    • The yellow metal closed the fourth and final week of June at Rs.5,067 per gram. This was the highest recorded price of the metal for the month of June. The overall performance witnessed an inclining trend in the rates.

    Trend of Gold Rate in Coimbatore for May 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    May 1 Rate Rs.4,670 per gram
    May 31 Rate Rs.4,712 per gram
    Highest Rate in May Rs.4,900 per gram on 24 May
    Lowest Rate in May Rs.4,621 per gram from 2 May
    Overall Performance Decline

    May 2020 - Week 1 (1 - 9):

    • Gold opened the month of May at Rs.4,670 per gram in Coimbatore. There was a drop of Rs.50 for every gram of the gold when compared to the closing price of the previous week. The rate of the gold dropped further on 2nd May which saw the metal record its lowest price for the month to date with a gram costing Rs.4,621.
    • The price of the gold climbed in the city following that as tensions between the United States of America and China escalated over the matter of the origin of coronavirus pandemic. The tensions sent investors seeking safe havens as fears of a new trade war between the nations increased.
    • The gold closed the first week on May at Rs.4,700 per gram in Coimbatore. This was the highest recorded price of the metal for the month to date. The overall performance witnessed an inclining trend in the rates over the opening week of the month.

    May 2020 - Week 2 (10-16):

    • In Coimbatore, the price of the metal on 10 May was Rs.4,701 per gram opening the week at a marginal incline compared to previous week’s closing price. On 11 May, the price of gold increased to Rs.4,702 per gram. The rise in prices was majorly due to investors shifting to the bullion market amidst lower risk appetite and fears of the second wave of COVID-19 cases all over the world. On 12 May, the price of the metal increased further to Rs.4,731 per gram with major central banks providing more stimulus packages, thus boosting the price of the metal.
    • On 13 May, the price of gold had increased by Rs.9 to Rs.4,740 per gram and further increased marginally to Rs.4,741 per gram on 14 May. With tensions between the United States of America due to the trade deal, the focus on bullion was higher amongst investors.
    • With investors shifting away from riskier assets and the equities market, the price of the metal increased to Rs.4,776 per gram on 15 May. Trade tensions increased between the two economic superpowers and the yellow metal hit its highest price of the week and the month at Rs.4,788 per gram on 16 May and closed the week.

    May 2020 - Week 3 (17 - 23):

    • In Coimbatore, the yellow metal was priced at Rs.4,854 per gram at the start of the third week of May. Compared to the closing price of the previous week, there was an increase of Rs.66 in the rates of the precious metal.
    • The rates of the yellow metal increased gradually in the city over the next few days due to worries because of souring trade relations between the U.S. and China and bleak U.S. economic data. The highest price for the month till date was recorded on 21st May when a gram of the 24-karat gold cost Rs.4,905 in the city.
    • As equities gained on the hope of a quick recovery from the coronavirus-induced economic slump, the rates of gold slipped. Gold recorded a fall of Rs.37 per gram and was priced at Rs.4,868 on 22nd May. The yellow metal closed the week in Coimbatore at Rs.4,869 per gram with the overall performance witnessing an inclining trend.

    May 2020 - Week 4 (24 - 31):

    • Gold prices in Coimbatore showed an overall decline in prices for the last week of the month. Opening at Rs.4,900 per gram on 24 May and hitting its highest at the same price, the precious metal’s price fell on 25 May at Rs.4,723 per gram, dipping by more than Rs.100 per gram. The price of the metal fell due to increased risk appetite amongst investors who were rooting for the economy to recover faster. Positive equities data from Japan also boosted risk appetite amongst investors. On 26 May, the price of the metal was Rs.4,720 per gram, dipping marginally yet again and remaining steady at the same price on 27 May.
    • On 28 May, the price of the metal declined, below the Rs.4,700 per gram mark at Rs.4,643 per gram and marginally decreasing further to Rs.4,641 per gram on 29 May. The price of the metal showed continuous declines in the country as gold prices dropped considerably in the international market with invertors shifting to the equities market hoping for a speedy recovery of the economy.
    • However, on 30 May, the price of the metal showed inclines for the first time in the week, increasing to Rs.4,694 per gram and increasing further to Rs.4,712 per gram on the last day of the week and month. Gold closed the month of May at Rs.4,712 per gram, recording an overall decline in prices.

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

    Parameters Gold price (24 karat)
    April 1 Rate Rs.4,150 per gram
    April 30 Rate Rs.4,720 per gram
    Highest Rate in April Rs.4,720 per gram on 30 April
    Lowest Rate in April Rs.4,150 per gram from 1 - 5 April
    Overall Performance Incline

    April 2020 - Week 1 (1 - 4):

    • In the city of Coimbatore, the precious metal opened the week at Rs.4,150 per gram and was the same throughout the week as physical buying and selling of the metal was highly limited due to the lockdown in the country.
    • Gold prices saw major changes in the previous month, hitting lows due to traders hoarding for cash and selling assets with the lockdown in the United States of America. The price of the metal had recovered marginally as investors waited for the job data in the country. With a rising dollar value, gold prices had been trailing low.
    • As the job data in the United States of America was revealed as poor, investors shifted to the bullion market due to its safe-haven appeal. The metal’s prices increased in the global markets. However, in the city of Coimbatore, gold closed the week at Rs.4,150 per gram on 4 April.

    April 2020 - Week 2 (5 -11):

    • Gold prices in Coimbatore stood at Rs.4,150 per gram at the start of the second week of April. Compared to the closing price of the precious week, there was no change in the rates.
    • The rates increased in the city after staying constant for a day. Gold was priced at Rs.4,417 on 8th April after the rates increased as investors awaited the release of the U.S. Federal Reserve's policy meeting minutes.
    • The yellow metal recorded its highest price for the month till date in the city on 11th April with the U.S. Federal Reserve announcing a massive stimulus in order to combat the economic toll of the pandemic.

    April 2020 - Week 3 (12 - 18):

    • The rate of gold in Coimbatore was Rs.4,150 per gram on 1 April and showed an inclining trend in the third week of the month. Opening at Rs.4,407 per gram on 12 April, the price of the metal increased marginally to Rs.4,411 per gram on 13 April with gold prices falling on profit-booking, however, the fears of recession amongst investors limited the metal’s losses.
    • On 14 April, the price of the metal increased marginally to Rs.4,451 per gram as fears of the virus led to a possible idea of recession in the economy which resulted in traders shifting to the bullion market. Gold prices on 15 April increased to Rs.4,566 per gram and further to Rs.4,577 per gram on 16 April.
    • With fears of recession and economic growth from investors, the metal’s price hit its highest in the month and week at Rs.4,598 per gram on 17 April. However, with President Trump announcing measures to reopen the economy in the country, risk appetite amongst investors increased and caused a fall in the price of the metal. On 18 April, the metal closed the weel at Rs.4,430 per gram.

    April 2020 - Week 4 (19 - 25):

    • Gold opened the fourth week of April at Rs.4,421 per gram in Coimbatore. The rates were down by Rs.9 for every gram when compared to the previous week’s closing price. Gold prices witnessed an incline in the prices over the week.
    • In Coimbatore, the rates of the precious metal slipped after recording a minimal increase on 20th April. Gold prices declined as investors made a dash for cash following a historic rout in U.S. crude prices. As of 22nd April, a gram of the yellow metal cost Rs.4,411 in the city.
    • With hopes being pinged for more fiscal and monetary stimulus measures amid massive economic damage due to business shutdown orders around the world to contain the spread of Covid – 19, gold prices increased in the city. The precious metal closed the penultimate week of the month at Rs.4,582 per gram with the overall performance showing an incline in the rates.

    April 2020 - Week 5 (26 - 30):

    • In the city of Coimbatore, the price of gold opened at Rs.4,593 per gram on 26 April and increased to Rs.4,700 per gram on 27 April recording a high incline in prices within one day. The precious metal in the week recorded an overall incline in its prices. The price of the yellow metal recorded fluctuating trends in the international markets due to various global factors with the crisis of COVID-19 affecting the economy.
    • Investors, on 28 April, took to profit booking with the high price of the metal. Due to this, gold prices reduced marginally. On the day, a gram of gold was priced at Rs.4,691 per gram and recovered to be priced at Rs.4,701 per gram on 29 April. With central banks offering solutions which included various stimulus packages to help the economy recover, the price of the metal recovered.
    • On the last day of the month, gold closed at Rs.4,720 per gram recording the highest price of the week and the month. At the end of the month, the precious metal recorded an overall incline in its prices.

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

    Parameters Gold price (24 karat)
    March 1 Rate Rs.4,185 per gram
    March 31 Rate Rs.4,150 per gram
    Highest Rate in March Rs.4,443 per gram on 6 March
    Lowest Rate in March Rs.4,026 per gram on 19 March
    Overall Performance Decline

    March 2020 - Week 1 (01 - 07):

    • In Coimbatore, gold prices opened the first week of March at Rs.4,185 per gram and closed the week at an overall incline. The rise in prices was majorly due to investors shifting to the bullion market due to its safe-haven appeal. Gold was priced at Rs.4,185 per gram on 1 March and increased to Rs.4,198 per gram on 2 March. Gold prices increased by 1% with investors shifting to the bullion market along with expecting a rate cut by the Federal Reserve to combat the effect of the virus on the economy.
    • Increasing to Rs.4,215 per gram on 3 March, gold prices showed an inclining trend for the rest of the week closing to hit its 7-year high. With the United States Federal Reserve cutting down the interest rates, gold prices saw a major surge in its prices with traders investing in the bullion. The gold prices further increased substantially to Rs.4,361 per gram on 4 March. This was the metal’s biggest percentage gain since 2016. However, gold prices eased on 5 March at Rs.4,343 per gram.
    • The dip in prices of the gold on 5 March was due to the interest rate cuts by the Federal Reserve which saw a rise in the value of the United States dollar in the market along with a slight increase in risk appetite amongst investors. On 6 March the gold rate increased by more than Rs.100 to Rs.4,443 per gram with the increasing number of new cases of Coronavirus and the rise in the death toll. At the end of the week, the price of the gold dipped marginally and closed at Rs.4,417 per gram on 7 March.

    March 2020 - Week 2 (8 - 14):

    • In Coimbatore, gold prices stood at Rs.4,417 per gram at the start of the second week of March. Compared to the previous week’s closing price, there was no change in the rates of the precious metal.
    • Gold prices slipped to Rs.4,408 per gram the next day as investors sold the bullion to cover margin calls amid plummeting equity and energy markets, overshadowing the yellow metal's safe-haven demand. However, the rates of the precious metal increased on March 10 as hopes for global stimulus measures to shield the economic impact due to the outbreak of coronavirus lifted riskier assets and the dollar.
    • With traders selling the yellow metal to cover margins for stock markets spooked by the spread of coronavirus globally and world health officials declaring the virus as a pandemic, the rates slipped considerably in the city. Gold closed the week at Rs.4,131 per gram with the overall performance showing a decline in the rates of the yellow metal. The closing price of the precious metal in Coimbatore was the lowest for the month of March till date.

    March 2020 - Week 3 (15 - 21):

    • The gold rate in Coimbatore was priced at Rs.4,131 per gram on 15 March and increased to Rs.4,160 per gram on 16 March. The marginal rise in prices was due to the United States Federal Reserve announcing rate cuts on an emergency basis to stabilise the economy. The price of the gold, however, suffered losses on the next day with traders selling their assets, including gold in exchange for cash and to be ready for a lockdown. The gold price on 17 March had dipped to Rs.4,064 per gram.
    • The gold price on 18 March had increased to Rs.4,136 per gram with the effect of the rate cut on the economy which resulted in the surge in the gold prices. However, on 19 March, the price of the gold hit its lowest in the month and week till date at Rs.4,026 per gram even though the European Central Bank had announced measures that will be taken to combat the virus on an economical level. However, with people panicking and selling assets rapidly, gold prices took a hit.
    • On 20 March, the price of the gold stabilised in the international markets increasing by almost Rs.100 to be priced at Rs.4,104 per gram with minimal safe-haven demand. However, at the end of the week, gold prices increased on safe-haven appeal and closed at Rs.4,164 per gram with an overall decline in prices.

    March 2020 - Week 4 (22 - 31):

    • In Coimbatore, gold opened the fourth week of March at Rs.4,164 per gram. There was no change in the rates when compared to the closing price of the previous week.
    • The rates of gold in Coimbatore witnessed a declining trend over the week. Having opened the rates at Rs.4,164 per gram, the rates of the 24-karat slipped to Rs.4,159 per gram the next as investors stockpiled cash, with a rising numbers of coronavirus-led national lockdowns threatening to overshadow stimulus measures from global central banks to combat the pandemic’s economic damage.
    • Gold prices slipped again by Rs.9 per gram on 24 March before remaining stagnant till the end of the week as a 21-day lockdown was imposed in the country to contain the spread of coronavirus. Gold closed the week in Coimbatore at Rs.4,150 per gram with the overall performance showing a decline in the rates.

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

    Parameters Gold price (24 karat)
    1st February Rate Rs.4,077 per gram
    29th February Rate Rs.4,185 per gram
    Highest Rate in February Rs.4,305 per gram on 24 February
    Lowest Rate in February Rs.4,030 per gram on 6 February
    Overall Performance Incline

    February 2020 - Week 1 (1 - 9):

    • In Coimbatore, the price of the metal opened at Rs.4,077 per gram and was steady until 5 February. The price of the metal marginally fell to Rs.4,071 per gram. In the first half of the week, gold prices held steady due to a positive economic data in the United States of America and China taking adequate measures to face the virus and its effect on the economy.
    • In the second half of the week, due to reports of a vaccine being created to fight the virus, investors shifted to the stock market with an increased risk appetite. The price of the metal had dipped to Rs.4,040 per gram on 5 February and decreased to hit its lowest price on 6 February at Rs.4,030 per gram.
    • However, with the virus not backing down, affecting a greater number of people and increasing the death toll, investor fears renewed and shifted back to the bullion due to its safe-haven appeal. The price of the metal at the end of the week was Rs.4,093 per gram with an overall incline in prices.

    February 2020 - Week 2 (10 - 16):

    • In Coimbatore, a gram of the yellow metal cost Rs.4,079 at the start of the second week of February. Compared to the previous week’s closing price, the rates dropped by Rs.14 for every gram.
    • The rates slipped by Rs.22 for every gram in the next couple of days as investors’ risk appetite increased following reports that there was a decline in the number of new confirmed coronavirus cases. The drop in the prices saw a gram of the 24-karat gold being retailed for Rs.4,057 in the city.
    • Gold prices in Coimbatore picked up in the latter half of the week and closed at Rs.4,120 per gram. The increase in the prices was accounted to renewed fears over a global economic impact given an increase in the number of new coronavirus cases in China. The overall performance showed an incline in the prices.

    February 2020 - Week 3 (17 - 23):

    • The precious metal opened the third week of the month at Rs.4,107 per gram on 17 February and increased marginally to Rs.4,109 per gram on 19 February. The metal showcased increasing trends in prices throughout the week. However, this marginal increase in its prices was due to China liquidating funds to support its falling economy.
    • On 19 February, the price of the metal increased to Rs.4,151 per gram with fears of the Coronavirus increasing by the day. With a greater number of cases and deaths being reported outside the country, investors shifted back to the bullion market due to increasing safe-haven appeal. On 20 February, gold prices were at Rs.4,179 per gram in the city.
    • With a steady local demand in the country and in the city due to the wedding season going on, gold prices saw an incline yet again on 21 February, crossing the Rs.4,200 per gram mark at Rs.4,213 per gram. With increased investor demand and the value of the dollar faltering in the market, the price of the metal increased to Rs.4,276 per gram on 22 February and closed the month at the same price.

    February 2020 - Week 4 (24 to 29):

    • The precious metal opened the fourth week of the month at Rs.4,305 per gram. Compared to the previous week’s closing price, there was an increase of Rs.29 for every gram in the city.
    • Gold prices dipped to Rs.4,264 per gram in Coimbatore by 26 February. The drop in the prices was accounted to investors seeking refuge in safe-haven assets following a warning by the United States of an inevitable pandemic due to the increasing number of coronavirus cases across the world.
    • Over the next day, the rates increased as investors booked profits after the prices climbed more than 1% earlier in the session given the increasing worries about how the outbreak of coronavirus might hurt the global economy.
    • Gold closed the week at Rs.4,185 per gram in the city with the overall performance showing an inclining trend in the prices.

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

    Parameters Gold price (24 karat)
    January 1 Rate Rs.3,922 per gram
    January 31 Rate Rs.4,074 per gram
    Highest Rate in January Rs.4,125 per gram on 8 January
    Lowest Rate in January Rs.3,919 per gram on 2 January
    Overall Performance Decline

    January 2020 - Week 1 (01 - 05):

    • Gold rates in Coimbatore saw a positive trend in the month of January. Opening the month at Rs.3,922 per gram, the metal’s prices increased throughout the week based on a weak dollar and other factors.
    • On 3 January, the price of the metal increased to Rs.3,983 per gram after decreasing marginally to Rs.3,919 per gram on 2 January. The rise in prices was majorly due to the falling value of the dollar in the global markets. Due to this, investors shifted to the bullion, thus increasing demand.
    • As the tensions between Iran and the United States of America escalated, the price of the gold increased further to be priced at Rs.4,024 per gram on 4 January. With President Trump’s remarks on the drone strike, traders relied on the bullion as a safe haven asset.

    January 2020 - Week 2(06 - 12):

    • Gold prices in Coimbatore saw a fluctuating trend in the second week of January. Opening at Rs.4,091 per gram, the metal’s prices fluctuated due to geopolitical factors revolving around the United States of America and Iran.
    • After dipping to Rs.4,035 per gram on 7 January gold prices hit the highest price in the week at Rs.4,125 per gram on 8 January. The sudden surge in prices was majorly due to investors awaiting further developments surrounding the tension between Iran and the United States of America.
    • However, as United States President Donald Trump refused to retaliate, the value of bullion dipped. Investors shifted to the stock market amidst a boost in the dollar value along with increased risk appetite. The metal closed the week at a lowered price of Rs.4,011 per gram.

    January 2020 - Week 3(13 - 19):

    • Gold prices in Coimbatore saw a fluctuating trend in the third week of January. Opening at Rs.3,991 per gram, the metal’s prices fluctuated due to geopolitical factors along with the signing of the trade deal between the United States of America and China.
    • After dipping to Rs.3,952 per gram on 14 January, the price of gold recovered and was Rs.3,991 per gram on 15 January. Investors shifted to the stock market once the trade deal was signed and risk appetite was at a high. On 17 January, the price of the metal increased to Rs.3,999 per gram as traders shifted back to the bullion due to speculations about the unresolved issues in the trade deal.
    • However, with the geopolitical tensions escalating in the Middle East with a drone and military strike in Yemen, investors stuck to the bullion for their investments due to high safe haven appeal. At the end of the week, the price of the metal closed at Rs.4,019 per gram.

    January 2020 - Week 4 (20 - 26):

    • Gold started the fourth week of January at Rs.4,011 per gram in Coimbatore. Compared to the previous week’s closing price, the rates of the yellow metal declined by Rs.8 per gram in the city.
    • The rates climbed to Rs.4,028 per gram on 21 January as investors turned to gold as a safe-haven metal given the concerns with the outbreak of coronavirus in China and escalating tensions in the Middle East.
    • Gold prices dipped the next day as investors assessed the risk of the deadly virus turning into a global epidemic. The yellow metal was retailed for Rs.3,997 per gram on 22 January. Over the remaining days of the week, the prices increased gradually and closed at Rs.4,055 per gram with the overall performance showing that the rates were trending upwards.

    January 2020 - Week 5 (27 - 31):

    • Gold prices in Coimbatore showed an inclining trend in the fifth week of the month due to Coronavirus fears globally. Investors shifted to the bullion due to its safe-haven appeal, thus increasing demand and prices.
    • The price of the metal opened at Rs.4,070 per gram on 27 January and dipped marginally to Rs.4,066 per gram on 28 January. Gold prices hit its weekly low on 29 January at Rs.4,030 per gram due to increased speculations about the Union Budget, thus muting demand. Positive manufacturing data from China also helped the stock market get back on steady terms.
    • However, the yellow metal recovered soon after and closed the month and the week at Rs.4,074 per gram. The sudden rise in prices was due to the World Health Organisation declaring the Coronavirus to be a Global Health Emergency.

    FAQs About Gold Rate in Coimbatore

    1. Will the gold price in Coimbatore keep changing?

      Yes, the gold price keeps changing due to various factors which include the value of the rupee against the U.S. dollar, the price of crude oil, the trend of the equities market, etc.

    2. Where can I get the best quality gold in Coimbatore?

      Gold can be purchased in various cities all over the country on a retail basis. Apart from this, gold can also be purchased as jewellery from top jewellers based in Coimbatore.

    3. What international factors affect the gold rate in Coimbatore?

      Several factors affect the price of gold in Coimbatore such as crude oil prices, the value of international currencies, etc. play a major role in the silver prices in Coimbatore.

    4. How many grams are there in one ‘tola’ of gold?

      One ‘tola’ of gold is equivalent to 10 grams of gold at present. The term ‘tola’ has been used to measure metals such as gold and silver for many years.

    5. Will gold prices go down?

      Given the volatility in the market, the price of gold may or may not fall as there are many factors which affect the price of the yellow metal in Coimbatore and in India.

    Also Check Petrol Price and Diesel Price in Coimbatore

    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.

    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

    Read more on Gold

    Gold Rate - Sitemap

    News About Gold Rate in Coimbatore

    • Gold rates rise as the U.S. dollar weakens and Treasury takes a step back

      Gold prices increased marginally on 13 January as the U.S. dollar saw a rally and with Treasury yields hit a short pause. With the COVID-19 cases increasing all over the world, the demand for the metal increased amongst investors.

      Spot gold prices increased marginally by 1% to $1,856.86 per ounce and U.S. gold futures gained 0.8% to $1,858 per ounce. Silver prices held steady in the international market at $25.57 per ounce.

      With the global COVID-19 infections increasing all over the world, mainly in Asia and Europe, the safe-haven demand of the metal increased.

      18 January 2021

    • Gold trades higher, and might face resistance at Rs.49,900

      A lot of analysts are of the view that gold and silver can now be bought on dips. Gold has support placed at Rs.49,220 and the resistance is at Rs.49,900. Gold and silver have now rebounded on 15 December and settled on a positive note in global markets. The gold contracts for February had settled at $1,855.30 per troy ounce. The silver contracts for March had reached $24.64 per troy ounce. In the domestic markets, the February gold contract had reached Rs.49,443 per 10 gram. The silver March contracts had reached Rs.64,853 a kilogram.

      17 December 2020

    • Yellow metal trades above Rs 52,000; Silver rose more than 1%

      India Gold MCX December Futures traded over Rs.52,000 per 10 gm on Monday and showerd positive trend regarding the international Gold prices, thanks to a weaker dollar and hopes of more stimulus measures under the U.S. President-elect Joe Biden.

      On the Multi-Commodity Exchange (MCX), December gold contracts were rose by 0.16 % at Rs.52,252 per 10 gram. December silver futures were grew 1.02% higher at Rs.66,000 per kg.

      Despite the value of rupee rising, both the precious metals settled on a positive note in the domestic market. Gold December futures ended 52,167 per 10 gram and Silver December futures ended 65,335 per one kilogram.

      The dollar index dropped after Joe Biden's lead in the US Presidential elections. The dollar index fell below 92.50 marks and ended with a weekly loss of nearly 2%, closing at 92.297 on Friday.

      10 November 2020

    • Gold prices per 10 gram stay flat at Rs.51,238 while silver prices drop to Rs.61,706 per kg

      Retail gold prices in Mumbai held steady at Rs.51,238 for 10 grams. It had gained 0.62% in the previous week. The price of 22-carat gold for 10 grams in Mumbai was Rs.46,934 along with 3% GST. The price of 10 grams of 24-carat gold in the Mumbai markets was Rs.51,238 plus GST. The price of 10 grams of 18-carat gold in Mumbai retail markets was Rs.38,429 plus GST. The price of silver dropped to Rs.61,706 per kg which was a dip of Rs.839 from its price on 23 October 2020. On the Multi-Commodity Exchange (MCX), the intraday high of gold was Rs.50,975 while the intraday low was Rs.50,552. In the December series, the lowest price of gold was Rs.48,384 while the highest price was Rs.56,379.

      27 October 2020

    • Gold price rises to Rs 51,156/10 gm on rupee depreciation, silver jumps Rs 1,500 a kg

      Price of gold rose Rs.278 to Rs.51,156 per 10 gram in the Mumbai retail market as the value of rupee continued to fall and observance of positive global cues. The yellow metal, rose due to rising coronavirus cases globally and continuing delay about a stimulus package by the government of United States.

      The rate of 10 gram 22-carat gold in Mumbai was recorded to be Rs.46,859, while 24-carat 10 gram was Rs.51,156. Meanwhile, 18-carat gold was recorded at Rs.38,367 in the retail market.

      Spot gold trading lower at $5.60 at $1,924.63 an ounce in London trading.

      Prices of silver rose Rs.1,500 to Rs.62,606 per kg from their close on October 9.

      Gold futures for December delivery rose Rs.308, or 0.61%, to Rs.51,125 per 10 gram in evening trade on a business turnover of 15,275 lots. The same for February surged Rs 267, or 0.52 percent, to Rs 51,226 on a business turnover of 946 lots.

      13 October 2020

    • Gold prices dip to Rs.49,757 per 10 gram while silver gains by Rs.594

      Gold prices decreased to Rs.49,757 per 10 gram, a reduction of Rs.89, in the Mumbai retail market on depreciation of the rupee as well as weaker global cues and a strengthening in the equities market. The price of 10 gram of 22-carat gold was Rs.45,577 +3% GST in Mumbai while the price of 24-carat gold for 10 gram was Rs.49,757 plus GST. The price of 18-carat gold was Rs.37,318 plus GST. The MCX iCOMDEX Bullion Index traded at 15,142.64, which is the real-time tracking of MCX silver and gold futures. Silver prices rose to Rs.58,071 per kg, which was an increase of Rs.594 from its closing price on September 25. In the futures market, gold prices were Rs.49,640 which was the intraday high and Rs.49,252 was the intraday low on the Multi-Commodity Exchange (MCX). For the December contacts, the low for gold Rs.48,384 and high was Rs.56,379. The December gold futures were Rs.49,574 per 10 gram in evening trade while October futures were Rs.49,580.

      29 September 2020

    • Gold rates rise after U.S. dollar weakens

      Gold prices increased in the country on 14 September after a positive trend in the international market. With investors awaiting the Federal Reserve’s decision on the monetary policy, risk appetite amongst investors was lower.

      On the Multi Commodity Exchange, gold contracts for October were trading at Rs.51,525 per 10 grams, increasing by 0.40%. silver futures for September was also trading higher by 0.5% at Rs.68,288 per kg. In the international market, gold had gained 0.72% at $1,948.25 per ounce and silver prices increased by 0.74% and were $26.91 per ounce.

      17 September 2020

    • Value of gold and silver increase due to a weak dollar value

      Gold prices increased by Rs.329 to cross the Rs.51,000 per 10-gram mark at Rs.51,575 per 10 grams in the city of Mumbai. This was primarily due to the weak dollar value in the international market. However, the metal’s gains were halted due to a stronger rupee value.

      The price of 22-karat gold in Mumbai was Rs.47,243 per 10 grams and 24-karat gold was Rs.51,575 per 10 grams. 18-karat gold in the city was priced at Rs.38,681 per 10 grams. Gold prices increased by more than Rs.2,000 to Rs.68,402 per kg compared to its closing on 31 August 2020.

      Gold futures for delivery in October increased by Rs.192 to Rs.51,893 per 10 grams for a business turnover of 14,828 lots. For delivery in December, the metal’s price was higher by Rs.250 at Rs.51,966 for a turnover of 4,445 lots.

      2 September 2020

    • Gold rate near the Rs.54,000 per 10-gram mark; trends towards Rs.60,000 per 10 grams

      The price of gold had increased by Rs.1,700 on the Multi Commodity Exchange and silver prices had increased by almost Rs.4,000 during the same period. According to sources, gold prices may hit the Rs.60,000 per 10 grams by Diwali 2020 based on a rise in domestic demand and international trends.

      Gold prices had plunged earlier in the week due to the recovering U.S. dollar value which prompted investors to shift away from the bullion after booking profits. The metal had earlier in the month hit an all-time high.

      With COVID-19 cases all over the world increasing daily, the dependency on the safe-haven metal is constant. The price of the metal had dipped after Russia had announced registering the first COVID-19 vaccine in the world. However, with the speculations surrounding the working of the vaccine, safe-haven appeal of the metal recovered.

      21 August 2020

    • Gold rates increase on Friday

      On Friday, India October gold futures increased after tracking international spot prices. On the Multi-Commodity Exchange (MCX), October gold contracts were trading higher by 0.89 percent and cost Rs.53,249 for every 10 grams. Spot gold prices were steady at $1,958.99 per ounce amid weak dollar and worries of a global economic fallout due to increasing COVID – 19 cases. It must be noted here that the price of the bullion has increased by 10 percent in July which is the biggest percentage rise since the month of February in 2016.

      31 July 2020

    • Prices of gold fall for the second day in India on 2 July 2020

      After hitting record highs earlier, the prices of gold in the country reduced for the second day. Gold futures prices for the month of August on MCX fell by 0.16% and are at Rs.48,188 for 10 grams.

      In the last session, prices of the yellow metal decreased by Rs.500. Earlier, the prices of gold hit record highs and were at Rs.48,982 for 10 grams. In the international markets, gold prices reduced due to a slight increase in the US data and vaccine developments for coronavirus. Gold traders will be closing looking at the US jobs data that will be released later today. Spot gold prices decreased by 0.2% and are at $1,767.11 for an ounce. On 1 July 2020, the prices of gold hit $1,788.96 for an ounce, the highest price since October 2012. The prices of gold were supported due to the tensions between China and the US and expectations that more measures would be introduced by central banks to help the economy. In the case of any political and financial uncertainties, investors move towards the yellow metal. The prices of gold in the country is inclusive for 3% GST and 12.5% import duty.

      2 July 2020

    • Rates of the yellow metal ease on Wednesday

      Tracking muted trend seen in the international spot prices, India Gold August futures traded in the red today. The drop in the rates was seen as equity markets rallied on economic optimism and hopes of more stimulus measures. On the Multi Commodity Exchange (MCX), June gold contracts were trading lower at Rs.46,390 for every 10 grams after dropping by 0.36 percent. Silver July futures were trading at Rs.48,771 per kg after slipping by 0.6 percent. Gold and silver slipped below the crucial support of 46,770 and 49,200 levels on the MCX.

      3 June 2020

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