Gold Rate In Dehradun

  • Today's Gold Rate in Dehradun ( 25 Jan 2021 )

    ₹ 4,759
    Today's Gold Rate (22K) per gram

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

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,759 ₹ 4,786 ₹ -27 ↓
    Standard Gold (22 K) ( 8 grams ) ₹ 38,072 ₹ 38,288 ₹ -216 ↓
    Pure Gold (24 K) ( 1 gram ) ₹ 4,997 ₹ 5,025 ₹ -28 ↓
    Pure Gold (24 K) ( 8 grams ) ₹ 39,976 ₹ 40,200 ₹ -224 ↓

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    22 Jan 2021 ₹ 4,759 ₹ 38,072 ₹ 4,997 ₹ 39,976
    21 Jan 2021 ₹ 4,786 ₹ 38,288 ₹ 5,025 ₹ 40,200
    20 Jan 2021 ₹ 4,739 ₹ 37,912 ₹ 4,976 ₹ 39,808
    19 Jan 2021 ₹ 4,736 ₹ 37,888 ₹ 4,973 ₹ 39,784
    18 Jan 2021 ₹ 4,716 ₹ 37,728 ₹ 4,952 ₹ 39,616
    17 Jan 2021 ₹ 4,722 ₹ 37,776 ₹ 4,958 ₹ 39,664
    16 Jan 2021 ₹ 4,722 ₹ 37,776 ₹ 4,958 ₹ 39,664
    15 Jan 2021 ₹ 4,760 ₹ 38,080 ₹ 4,998 ₹ 39,984
    14 Jan 2021 ₹ 4,770 ₹ 38,160 ₹ 5,009 ₹ 40,072
    13 Jan 2021 ₹ 4,785 ₹ 38,280 ₹ 5,024 ₹ 40,192

    Weekly & Monthly Graph of Gold Rate in Dehradun

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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 Rate in Dehradun

    Dehradun located in Dehradun is located in the foothills of the Himalayas and holds the same cultural ideals as the rest of the state. It is a well developed town with many and eccentrically showy weddings and festivities especially when it's the Diwali and the Dhantera seasons. The city is home to many Garhwali and Pahari people who are strongly find gold an extremely holistic approach in terms of creating wealth as well as being auspicious for special occasions. Families leave their forerunners with gold as a form of wealth and ornamental hand me downs that are made of gold. But this city also finds trading it as a precious metal commodity quite useful as well.

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

    Parameter Gold price (24 karat)
    December 1 Rate  Rs.4,846 per gram
    December 31 Rate Rs.5,074 per gram
    Highest Rate in December Rs.5,130 per gram on 21 December
    Lowest Rate in December Rs.4,846 per gram on 1 December
    Overall Performance Incline
    Percentage Change 4.70%

    Trend of Monthly Gold Rate in Dehradun for December 2020:

    • In Dehradun, the month of December opened with gold price standing at the rate of Rs.4,846 per gram.
    • The price of gold in Dehradun witnessed a fluctuating trend in the city over the next few days. The increase in the rates saw gold record its highest price for the month when a gram was retailing for Rs.5,130 on 21 December.
    • Gold prices in Dehradun recorded its lowest for the month on 1 December when a gram of the 24-karat gold was being traded for Rs.4,846. Gold price closed the month at the rate of Rs.5,074 per gram. The overall performance of the yellow metal witnessed an inclining trend wherein the percentage change stood at 4.70%.

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

    Parameter Gold price (24 karat)
    November 1 Rate Rs.5,171 per gram
    November 30 Rate Rs.4,890 per gram
    Highest Rate in November Rs.5,215 per gram on 7, 8, and 9 November
    Lowest Rate in November Rs.4,890 per gram on 28, 29, and 30 November
    Overall Performance Decline
    Percentage Change -5.43%

    Trend of Monthly Gold Rate in Dehradun for November 2020:

    • Gold prices in Dehradun in the month of November opened at Rs.5,171 and continued on an upward trend through the next few weeks, hitting the highest price point of Rs.5,215 per gram in the second week of the month and stayed constant for 3 consecutive days on 7, 8, and 9 November.
    • The gold rate in Dehradun started decreasing through the remaining weeks of the month, slumping to the lowest price point of Rs.4,890 per gram on 28 November while staying on that price point for 3 consecutive days and ending the month on that price as well.
    • Gold prices in Dehradun were on a downward trend through the month of November with an overall percentage change in prices of -5.43%.

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

    Parameter Gold price (24 karat)
    October 1 Rate  Rs.5,166 per gram
    October 31 Rate  Rs.5,171 per gram
    Highest Rate in October Rs.5,229 per gram on 13 October
    Lowest Rate in October Rs.4,914 per gram from 18 to 20 October
    Overall Performance  Incline
    Percentage Change 0.09%

    Trend of Monthly Gold Rate in Dehradun for October 2020

    • Gold rates in Dehradun for the month of October opened at the rate of Rs.5,166 per gram for 24 karat gold. There was an increase of Rs.31 per gram in the price of the yellow metal when compared to the closing rate of September.
    • The price of gold in Dehradun witnessed a huge dip from 18th October to 20th October wherein the recorded price was Rs.4,914 per gram. The highest price was recorded on 13th October wherein the precious metal was being traded at the rate of Rs.5,229 per gram.
    • The prices of gold gained again on 21st October wherein it stood at the rate of Rs.5,171 per gram and continued to hold the gold rates steadily till the end of the month. The month of October closed in Dehradun with the price of 24 karat gold being traded at the rate of Rs.5,171 per gram. The overall performance of the yellow metal witnessed an increase of 0.09%.

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

    Parameter Gold price (24 karat)
    September 1 Rate Rs.5,287 per gram
    September 30 Rate Rs.5,135 per gram
    Highest Rate in September Rs.5,297 per gram on 16 September
    Lowest Rate in September Rs.5,077 per gram on 29 September
    Overall Performance Decline
    Percentage Change -2.87%

    Trend of Monthly Gold Rate in Dehradun for September 2020:

    • In Dehradun, the month of September opened with gold price standing at the rate of Rs.5,287 per gram.
    • The price of gold witnessed a fluctuating trend in the city over the next few days. The increase in the rates saw gold record its highest price for the month when a gram was retailing for Rs.5,297 on 16 September.
    • Over the rest of the month, gold rate in Dehradun remained unsteady and recorded its lowest price for the month on 29 September when a gram of the 24-karat gold was being traded for Rs.5,077. Gold price closed the month at the rate of Rs.5,135 per gram. The overall performance of the yellow metal witnessed a declining trend wherein the percentage change stood at –2.87%.

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

    Parameter Gold price (24 karat)
    August 1 Rate Rs.5,481 per gram
    August 31 Rate Rs.5,250 per gram
    Highest Rate in August Rs.5,749 per gram on 8 August
    Lowest Rate in August Rs.5,234 per gram on 27 and 28 August
    Overall Performance Decline
    Percentage Change -4.21%

    Trend of Monthly Gold Rate in Dehradun for August 2020:

    • At the start of August, gold price in Dehradun was Rs.5,481 per gram. Compared to the price charged at the end of the previous month, the rate was up by Rs.42 for every gram.
    • Gold recorded its highest price for the month on 8th of August when a gram of the yellow metal was retailed for Rs.5,749 in the city.
    • The price of gold fluctuated in the city over the month and recorded its lowest price on 27th and 28th August with a gram costing Rs.5,234. Gold closed the month at Rs.5,250 per gram with the overall performance witnessing a declining trend. The percentage change recorded in the rates stood at -4.21%.

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

    Parameter Gold price (24 karat)
    July 1 Rate Rs.4,946 per gram
    July 31 Rate Rs.5,439 per gram
    Highest Rate in July Rs.5,439 per gram on 31 July
    Lowest Rate in July Rs.4,925 per gram on 7 July
    Overall Performance Incline
    Percentage Change 9.97%

    Trend of Monthly Gold Rate in Dehradun for July 2020:

    • In the month of July, gold rate in Dehradun opened at the rate of Rs.4,946 per gram. For the rest of the month, the prices generally depicted an upward trend.
    • The demand of the yellow metal increased owing to the current economic condition and witnessed a sharp spike.
    • The month of July ended with the gold price fairing at the rate of Rs.5,439 per gram. This was also the highest price of gold which was recorded in the month of July. Over the month, there was a percentage increase of 9.97% in the performance of gold in Dehradun.

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

    Parameter Gold price (24 karat)
    June 1 Rate Rs.4,799 per gram
    June 30 Rate Rs.4,961 per gram
    Highest Rate in June Rs.4,961 per gram on 30 June
    Lowest Rate in June Rs.4,725 per gram on 8 June
    Overall Performance Incline
    Percentage Change 3.38%

    Trend of Monthly Gold Rate in Dehradun for June 2020:

    • In the month of June, gold opened at the rate of Rs.4,799 per gram in Dehradun. The lowest price of the yellow metal was recorded for the month on 8 June 2020 wherein it stood at the rate of Rs.4,725 per gram. For the rest of the month, the prices generally depicted an upward trend.
    • The demand of the yellow metal increased manifold as the number of COVID-19 positive cases kept increasing, especially in India and USA. The overall economy and business growth have been stunted owing to the same reason.
    • The month of June ended with the price of the precious metal standing at the rate of Rs.4,961 per gram. This was also the highest rate of the yellow metal which was recorded in the month of June. Over the month, there was a percentage increase of 3.38% in the performance of gold in Dehradun.

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

    Parameter Gold price (24 karat)
    May 1 Rate Rs.4,699 per gram
    May 31 Rate Rs.4,799 per gram
    Highest Rate in May Rs.4,883 per gram on 18 and 19 May
    Lowest Rate in May Rs.4,646 per gram on 2 May
    Overall Performance Incline
    Percentage Change 2.12%

    Trend of Monthly Gold Rate in Dehradun for May 2020:

    • In the month of May, the price of gold in Dehradun opened at Rs.4,699 per gram and although there was a rise in prices in the middle of the week, it dipped to Rs.4,694 by the end of the first week. This jump in prices was due to the increased appeal for safe-haven investments due to the rising US-China tensions following the US President’s threat to impose new tariffs on China. However, the risk appetite was soon boosted by the easing down of lockdown restrictions in many countries across the globe which led to the dip in gold prices by the end of the week. The lowest price point for the month was also in this first week at Rs.4,646 per gram on 2 May.
    • The second week of May started off by being favorable for gold with international prices hovering around a 2-week high in anticipation of the US non-farm jobs payroll data report. The week started off with gold being at Rs.4,694 per gram for 24 karat and ending the week at Rs.4,720 per gram. Prices eased as the possibility of negative interest rates in the US was rejected by the US government. The continuing US-China trade tensions and fears around recession continued to keep prices going steadily throughout the second week of the month.
    • The third week of the month saw the highest price points for gold on 18 and 19 May at Rs.4,883 per gram in response to increasing fears of a global recession, rising US-China trade tensions, and no signs of the coronavirus abating. The price of gold at the beginning of the week was at Rs.4,788 per gram which by the end of the week was Rs.4,851 per gram for 24 karat. However, prices were held steady by a firm US dollar, increasing economic stimulus measures by central banks, easing of restrictions around the lockdown in several countries, and anticipation of successful early-stage trials of a coronavirus vaccine.
    • In the fourth week of May, there was a fall in gold prices as Japanese equities rose in response to a potential stimulus package. Although this helped to boost the risk appetite, it was held in check by tensions around Hong Kong leading to volatility in the stock market. However, the easing of restrictions and the US dollar continuing to hold steady helped to keep the appeal of safe-haven investments fresh. Overall, the trend of gold prices for the month of May in Dehradun was at an incline of 2.12% in response to the continuing unpredictability of political and economic factors around the world.

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

    Parameter Gold price (24 karat)
    March 1 Rate Rs.4,253 per gram
    March 31 Rate Rs.4,761 per gram
    Highest Rate in March Rs.4,846 per gram on 29 April
    Lowest Rate in March Rs.4,158 per gram from 1 - 20 April
    Overall Performance Incline
    Percentage Change 11.94%

    Trend of Monthly Gold Rate in Dehradun for April 2020:

    • The prices of gold in Dehradun for the month of April opened at a Rs.4,253 for 24 Karat gold. This price remained constant throughout the first week of April. The steadiness of prices could be attributed to global trends surrounding the coronavirus pandemic. With fears of a global recession looming large and almost every country on lockdown due to the coronavirus, the setback to the stock market has been huge. However, while this has pushed investors towards more safe-haven investments such as bullions, the prices were held back from rising exponentially due to the dollar holding strong on the back of several economic stimulus measures announced by the US Federal Reserve as well as the central banks of almost every other country.
    • In the second week of April too, similar conditions prevailed, resulting in prices remaining stagnant at Rs.4,253 per gram for 24 Karat gold for the entire week. With reports of a slowdown in coronavirus-related deaths coming in from several parts of the world, there was a tentative pull towards equities once again. However, investors fell back towards gold as a safe-haven investment because of the ever-widening reach of the coronavirus which continued to impact the global economy.
    • In the third week of April, gold continued to be at the same price point of Rs.4,158 per gram for 24 Karats, which by now was also the lowest price for gold in the month of April. The release of the US payroll data confirmed a bleak prognosis for the economy as the true impact of the virus became clear with almost every state in the US continuing to be on lockdown. With US crude oil futures also plummeting to historic lows, investors continued to be wary of equities and preferred to stick to bullions instead. This was also in response to increasing fears of a global recession which lowered the risk appetite of investors around the world.
    • In the last week of April, the prices of gold suddenly started changing, rising abruptly to Rs.4,792 per kg for 24 Karat at the beginning of the fourth week. This was an abrupt increase from the Rs.4,158 that it had remained on for almost 20 days previously. Gold hit its highest price point of Rs.4,846 per gram on 29 April. This was in response to the continuing bleak reports of the coronavirus impact around the world with the death toll remaining high. Along with the US dollar weakening, optimism of the economy reopening in the US and other countries also went down, leading to even more investments in precious metals as a safe haven in volatile times. The overall trend for gold in Dehradun in April thus remained on a firm incline of 11.94 throughout.

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

    Parameters Gold Price (24 karat)
    March 1 Rate Rs.4,274 per gram
    March 31 Rate Rs.4,253 per gram
    Highest Rate in March Rs.4,536 per gram on 7 March 2020
    Lowest Rate in March Rs.4,111 per gram on 20 March 2020
    Overall Monthly Performance Decline
    Percentage Change -0.49%

    Gold Rate Trend in Dehradun for March 2020:

    • The prices of gold in Dehradun for the month of March opened at Rs.4,274 for a gram and closed at Rs.4,253 for a gram. Overall, gold rates saw a decline of 0.49% in the city. In the first week of March, the prices of gold increased significantly. After remaining stagnant over the first two days, gold prices increased and hit its highest value on 7 March 2020 and was at Rs.4,536 per gram.
    • In the second week of March, gold rates reduced continuously. Gold opened the week at Rs.4,510 for a gram but reduced to Rs.4,431 for a gram by 13 March 2020. Investors selling gold for cash was the reason for the reduction in prices.
    • In the third week of March, the prices of gold further reduced. The prices of gold were at Rs.4,237 per gram on 16 March but reduced to Rs.4,153 for a gram on 18 March. After increasing to Rs.4,226 per gram on the next day, gold hit its lowest rate for the month on 20 March and was at Rs.4,111 for a gram. The coronavirus outbreak ensured that the prices of gold fell drastically. Gold closed the week at Rs.4,190 for a gram.
    • From 22 March 2020 to 31 March 2020, the prices of gold remained constant and were at Rs.4,253 per gram. Several measures that were introduced by the US Federal Reserve ensured that gold prices did not fall further.

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

    Parameter Gold price (24 karat)
    February 1 Rate Rs.4,169 per gram
    February 29 Rate Rs.4,368 per gram
    Highest Rate in February Rs.4,394 per gram on 25 and 26 February
    Lowest Rate in February Rs.4,116 per gram on 7 February
    Overall Performance Incline
    Percentage Change 4.77%

    Gold Rate Trend in Dehradun for February 2020:

    • In Dehradun, the price of gold for the month of February opened at Rs.4,169 per gram. The yellow metal hit its highest rate in 5 months due to the coronavirus spreading outside China. The slump in equities and the demand for gold also ensured that the prices increased.
    • In the second week of February, gold hit its lowest rate for the month on 7 February 2020 and was at Rs.4,116 per gram. The dollar held firm and the investors moving towards equities ensured that the prices of gold fluctuated throughout the week. Gold closed the second week at Rs.4,169 per gram.
    • In the third week of the month, gold opened at Rs.4,211 per gram and closed at Rs.4,300 per gram. There was a demand for the yellow metal due to the coronavirus outbreak. Investors considered gold as a safe haven during this period.
    • Gold prices increased in the first few days of the fourth week. During this period, gold hits its highest rate for the month on 25 February 2020 and 26 February 2020 and was at Rs.4,394 per gram. However, traders booking profits ensured that the prices of gold reduced by the end of the month. Gold closed the month at Rs.4,368 per gram in Dehradun.

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

    Parameter Gold price (24 karat)
    January 1 Rate Rs.3,995 per gram
    January 31 Rate Rs.4,169 per gram
    Highest Rate in January Rs.4,211 per gram on 9 January
    Lowest Rate in January Rs.3,995 per gram on 1 January
    Overall Performance Incline
    Percentage Change 4.35%

    Gold Rate Trend in Dehradun for January 2020:

    • The gold rates for the month of January in Dehradun opened at Rs.3,995 per gram. The gold prices fluctuated during the month due to the outbreak of coronavirus in China, escalated in the Middle East and uncertainty regarding the trade deal between the United States and China.
    • 9 January saw Gold recording its highest price as the yellow metal traded for Rs.4,211. This was due to the dollar weakening as progress was being made in the trade ties between China and U.S.A.
    • As tensions between U.S and Iran eased, the investors chose to invest in riskier assets due to which the rates of the yellow metal slipped in the city. Optimism regarding the trade deal between U.S. and China also played a role in the gold prices dropping.
    • Gold closed the first month of 2020 at Rs.4,169 per gram with the overall performance showing an incline of 4.35% in the prices of the yellow metal.

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    Gold Investment Avenues in Dehradun

    When it comes to a safe investment option, Gold is considered to be one of the least riskiest of trading commodities in any market, whether regional or global. In Dehradun too the yellow metal is considered an investment option that is lower on risk factors, primarily based on the fact that it is highly affordable and culturally significant as mentioned before. It is also an integral part of their investment portfolio along with stock market and mutual fund investments. Investors have various options for gold trading through gold contracts and physical gold.

    Buying Physical Gold: In keeping with the rest of the country, the people of Dehradun purchase gold mainly in the form of jewelry. Needless to say, there are a number of jewelry establishments spread in and around the city to meet this demand. Gold rates or prices are updated on a daily basis and can be obtained from those dealing in gold or online via many financial sites. India imports most of its gold requirements from abroad. Dehradun which doesn’t have any significant gold production also contributes to the country’s need to substantiate gold demand through imports. Even though gold is bought as jewelry, it is done for reasons beyond ornamentation. Such purchases form a part of many buyers’ investment portfolio.

    Market Avenue: In this city you can purchase gold through the markets, with gold being traded in the National Multi Commodity Exchange, National Commodity and Derivatives Exchange and the Multi Commodity Exchange. This is apt for individuals willing to purchase gold in bulk, with the minimum trading limit being set at 1 kg in general. It's a viable option for people who are well aware of the gold market and all that affects it.

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    Read more on Gold

    News About Dehradun Gold Rate

    • Gold demand likely to increase amid weaker dollar

      Gold demand is expected to increase over the coming weeks as the US dollar is enduring one of its worst periods, while demand for the metal is increasing due to its hedging against inflation.

      The Federal Reserve will publish the minutes from its FOMC meeting, while the ECB is also likely to hold a monetary policy meeting, all of which would give direction to gold prices.

      While gold could trade in the Rs.31,200 per 10 gram range in the MCX, silver rates are likely to hold in the Rs.37,500 range. The rising cost of services in the US is also making gold a lot more popular among a growing number of investors.

      20 February 2018

    • Fears Over Brexit Drive Prices Of Gold Down In Dubai

      A fear that Britain might choose to leave the European Union has driven the price of gold in Dubai down. While the price of 24 karat gold had been trading at Dh 157.25 per gram, it fell to Dh 153.25 yesterday. Even the price of 22 karat gold came down to about Dh 144 while the price 21 karat gold came down to Dh 137.25 and the price of 18 karat gold came down to Dh 117.75 per gram. The Asian markets saw a 2% drop in the price of gold where the metal had been gaining over the last few days. The fall in the price is a result of a fear about Britain's exit from the EU which could leave the EU in recession and be an economic downturn for Britain as well. Industry experts are saying that should Britain exit the EU, the price of gold might reach its old 2014 high of $1,400 per ounce and that the dollar might gain some strength too.

      24 June 2016

    • Strong US Dollar results in drop in gold prices

      A strong US dollar combined with a weak job market in the United States resulted in a slight drop in gold rates, with gold trading at $1,263.93 per ounce. This 1.9% fall comes on the back of a strong performance by gold over the previous week. Gold futures for June delivery traded at $ 1,266.60 an ounce, a fall of over 2%. Silver also had a poor day, with a 3.2% drop witnessed, which left it trading at $16.90 per ounce.

      10 May 2016

    • Jewellers Look Forward to Akshaya Tritiya Sales to Clear Stocks

      Jewellers are expecting Akshaya Tritiya to increase gold demand in spite of rising gold prices. Gold is being sold at Rs. 30,000 per 10 grams currently which is Rs. 3,000 costlier when compared to the last year. Gold demand is expected to rise by 2 to 3 per cent or remain flat on Akshaya Tritiya. As Akshaya Tritiya falls on May 9th - 2016, jewellers are expecting the weekend gold sales to pick up. Gold merchants are concerned about the piled up inventory because of the 42 - day strike against Government’s decision to levy 1 per cent excise duty on studded jewellry and gold. Even though a steep increase in sales is not expected, a demand for gold jewellry owing to Akshaya Tritiya is definitely on the cards. Akshaya Tritiya is expected to trigger the pace of gold jewellry sales and a growth of 15 to 20 per cent is expected.

      4 May 2016

    • Gold Falls Over Optimistic US Jobs Data

      Gold prices fell on Thursday after US data on employment showed improvement in the number of jobless people. Jobless claims in the US fell to 253,000 per week, as against 600,000 at the peak of the global economic crisis.

      Gold for June delivery in New York fell by 1.8 percent ($23 from yesterday) to $1,225.40 per ounce in late trade. The precious metal had hit its 13-month high of $1,274 per ounce on March 10 this year, even as it gained around 15.6% during this year.

      The world’s reserve currency, particularly gold, and commodities priced in US dollars usually share an inverse relationship.

      15 April 2016

    • Indo-Australian Consortium Looking to Restart Historic Gold Mine

      An Indo-Australian consortium has announced its intention to restart gold mining in a Karnataka district that aided in symbolising formed British rule in India whilst producing around 25 million ounces in 150 years prior to being abandoned owing to low bullion prices. Mining in the Kolar Gold Field in Karnataka was stopped in 2001 due to a major slump in gold prices.

      A restart will come in the midst of resurgent gold prices as well as steps taken by the government to monetise a part of the estimated 20,000 tonnes of gold owned by its citizens. As a result, capital is expected to be freed up as the economy slowly grows stronger.

      12 April 2016

    • Gold gets a lift as demand picks up

      As demand for the yellow metal picked up, the prices of spot gold too rose a bit. June Gold JCM6 rose by around 0.8 per cent to $1229.50 per ounce. Experts feel that the price of gold is rising due to risk aversion by market participants. Traders who look for clarity and trying to hedge their losses by buying gold which in turn is boosting gold prices as well as demand.

      The rise of the yellow metal is also being attributed to worries about weakening of US earnings. Gold ended at the lowest rate on Monday when the Boston Federal Reserve Governor stated that US should announce rate hike soon.

      6 April 2016

    • Gold falls before Fed minutes

      Ahead of the Fed minutes gold dropped in the futures market by 0.34 per cent or $4.2. The gold contract, after this fall settled at $1219.30 per ounce. This fall in gold prices occurred as a result of Federal Reserve Open Market Committee minutes which were supposed to be out soon. Also, experts are of the view that comments by the Fed Reserve officials have fuelled the expectations that traders have with respect to rate hike.

      Silver also fell by 10.2 cents and closed at $14.94 per ounce. The precious metal platinum too dropped by a few dollars.

      5 April 2016

    • Gold rates dip over the weekend

      Gold rates which witnessed a record breaking performance in March saw a slight dip over the weekend. Cues from the US markets led to gold rates dropping by around 1%, as spot gold traded at $1,214.66 per ounce, down by 1.4%. Similarly, gold futures for June delivery traded at $1,216.50 per ounce, down by $18.90. Rising prices have also impacted the demand in Asian markets, with both Indian and Chinese consumers holding back their purchases.

      2 April 2016

    • Gold weak due to global cues

      The strike by jewellers due to the gold tax, the speculations on US Federal Reserve tax hikes on gold and the strengthening dollars had a combined assault on gold prices in India on Monday. The situation turned out to be even direr due to the lower demand ratio.

      At the bullion market on Monday, gold fell by INR 275 to INR 28085 for 10 grams of 22K variant. This was the rate change from last Wednesday rate of INR 28,360 for 10 grams of the same purity. Pure gold slipped by a similar margin and came to rest at INR 28235 for 10 grams.

      29 March 2016

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