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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 September 2017 (rates per gram for 24 karat gold)
|Parameters||Gold price (24 karat)|
|Gold rate on 1st September||Rs.3,024 per gram|
|Gold rate on 30th September||Rs.3,063 per gram|
|Highest Rate in September||Rs.3,130 per gram on 8 September|
|Lowest Rate in September||Rs.3,024 per gram on 1 September|
|Overall Monthly Performance||Incline|
September 2017 - Week 1 (1st-10th)
- Gold opened on a low during the first week due to reduced demand from investors and retail jewellers.
- The week began with the yellow metal trading at Rs.3,024 per gram on the 1st.
- Gold rates rose to Rs.3,029 per gram on the 2nd and remained unchanged the next day, thanks to steady demand for the metal.
- News about North Korean nuclear tests broke out and global markets tanked. This pushed up safe-haven investments and gold rates in Dehradun surged to Rs.3,105 per gram on the 4th,
- The 5th witnessed an incline in purchases by investors and retailers, which subsequently resulted in gold rates rising to Rs.3,115 per gram on the 5th.
- Prices remained untouched the next day as domestic demand for the metal remained steady.
- Demand for the metal dropped marginally on the 7th, and gold was trading at Rs.3,100 per gram.
- The successful North Korean tests on a more powerful nuclear weapon sent gold markets crashing. This resulted in gold rates surging to Rs.3,130 per gram on the 8th. This was also the highest monthly figure in Dehradun.
- The rest of the week saw the yellow metal trading at Rs.3,125 per gram, thanks to steady global demand for the metal.
September 2017 - Week 2 (11th-17th)
- The US economy strengthened over the weekend and prices dropped to Rs.3,105 per gram on the 11th, when the week began.
- Demand for the precious metal dropped in the local trade and gold rates slid to Rs.3,085 per gram on the 12th.
- The US economy, however, collapsed aftermath of Hurricane Irma in the US coast. This led to an increase in demand for the yellow metal in the Asian markets and gold was trading at Rs.3,094 per gram on the 13th.
- Gold rates in Dehradun fell to Rs.3,085 per gram the next day as demand for gold reduced.
- The rest of the week saw prices remain untouched as the overseas markets had little impact on the domestic gold trade, trading at Rs.3,085 per gram.
September 2017 - Week 3 (18th-24th)
- The yellow metal traded at a relatively low price of Rs.3,073 per gram on the 18th, compared to the previous day.
- Demand for gold fluctuated with the US dollar strengthening. This resulted in prices falling to Rs.3,056 per gram on the 19th.
- Safe-haven investments saw a rise with the US-North Korea conflicts worsening. This pushed gold prices up to Rs.3,078 per gram on the 20th.
- The 21st saw gold prices in Dehradun dropping to Rs.3,051 per gram as demand for the metal fell in the domestic market.
- However, the demand hiked with the festive season arriving and gold was trading at Rs.3,073 per gram on the 22nd.
- The US dollar recovery resulted in gold rates falling to trade at Rs.3,058 per gram on the 23rd and the 24th.
September 2017 - Week 4 (25th-30th)
- Gold opened at Rs.3,051 per gram on the 25th, when the week began.
- The promising festive season sales pushed demand up, and gold was trading at Rs.3,110 per gram on the 26th.
- News about a possible Fed rate hike broke out and the US dollar strengthened. This led to gold rates falling to Rs.3,085 per gram on the 27th.
- The steady dollar value led to gold prices in Dehradun dropping to Rs.3,067 per gram and Rs.3,057 per gram on the 28th and the 29th respectively.
- The week ended with gold trading at Rs.3,063 per gram on the 30th, thanks to a slight increase in local demand.
Trend of Gold Rate in Dehradun for August 2017 (rates per gram for 24 karat gold)
|Parameters||Gold price (24 karat)|
|Gold Rate on 1st August||Rs.2,960 per gram|
|Gold Rate on 31st August||Rs.2,999 per gram|
|Highest Rate in August||Rs.3,017 per gram on 28 August|
|Lowest Rate in August||Rs.2,930 per gram 3 August and then from 5 to 7 August|
|Overall Monthly Performance||Incline|
August 2017 - Week 1 (1st - 6th)
- Gold trading in Dehradun remained subdued during this week as investors remained cautious in the wake of several central bank meetings.
- On the 1st, gold prices were recorded at Rs.2,960 per gram.
- Prices fell consistently and reached Rs.2,955 per gram on the 2nd before hitting the month’s lowest figure of Rs.2,930 per gram on the 3rd.
- There was a slight incline in prices on the 4th, which led to the metal trading at Rs.2,940 per gram as jewellers ramped up their purchases to meet retail demand.
- Rates went down to Rs.2,930 per gram on the 5th and remained the same on the 6th as investors awaited any possible policy changes from the Federal Reserve and the ECB.
August 2017 - Week 2 (7th - 13th)
- When this week started, gold prices were still holding at Rs.2,930 per gram and improved slightly to trade at Rs.2,934 per gram on the 8th.
- The 9th also saw prices increase - this time by Rs.5 - for the metal to trade at Rs.2,939 per gram.
- With the North Korea - US conflict intensifying, gold prices rocketed to Rs.2,974 per gram on the 10th. The surge in prices were due to markets crashing and the subsequent increase in safe-haven investments.
- On the 11th, gold rates in Dehradun ascended to Rs.2,999 per gram as local trading responded to positive global cues.
- Demand remained steady for the remaining two days of the week, which led to gold rates remaining at Rs.2,999 per gram on the 12th and the 13th.
August 2017 - Week 3 (14th - 20th)
- The yellow metal’s prices largely fell this week owing to the US dollar rallying against other currencies.
- When the week began on the 14th, the metal was trading at Rs.2,994 per gram.
- Rates remained at Rs.2,994 per gram on the 15th but fell to Rs.2,979 per gram on the 16th as a strengthening dollar pushed gold demand down.
- On the 17th, prices surged back to Rs.2,994 per gram due to increased purchases from investors and jewellers.
- During the 19th and the 20th, gold rates were holding at Rs.2,982 per gram as demand seemed to decrease.
August 2017 - Week 4 (21st - 27th)
- The fourth week of August saw demand for gold remain steady as tensions between the US and North Korea rose.
- When trade exchanges opened for the 21st, gold was trading at Rs.2,992 per gram.
- Due to demand remaining steady amid geopolitical concerns, rates remained at Rs.2,992 per gram till the 27th of the month.
- The 28th recorded gold prices at Rs.3,017 per gram - the highest gold rate per month - as demand surged.
- A decline in demand, however, pushed gold prices for the remainder of the week.
- Prices went down to Rs.3,009 per gram on the 29th, and then to Rs.3,004 per gram on the 30th, before closing at Rs.2,999 per gram on the last day of the month.
- Gold price trends in Dehradun rose by 1.31% for the month, owing to increased demand from jewellers and investors.
|Parameters||Gold price (24 karat)|
|July 1st Rate||Rs.2,992 per gram|
|July 31st Rate||Rs.2,950 per gram|
|Highest Rate in July||Rs.2,992 per gram on 1 & 2 July|
|Lowest Rate in July||Rs.2,843 per gram on 12 & 13 July|
|Overall Monthly Performance||Decline|
July ‘17- Week 1 (1st to 9th)
- Gold opened the week trading at Rs.2,992 per gram on 1 July as international demand was high.
- Regional demand was poor as jewellers reduced orders after the imposition of GST, resulting in gold prices falling to Rs.2,942 per gram form 4-6 July.
- U.S. markets sae a revival in fortunes as investor sentiment was high during the week, with the dollar rate also improving in spite of poor trading in the currency.
- Gold price in Dehradun were on the decline for the rest of the week, with gold falling to Rs.2,902 per gram on 8 & 9 July due to sluggish local demand.
July ‘17- Week 2 (10th to 16th)
- Consistently poor demand and market forces led to gold price in Dehradun falling in the second week, with gold priced at Rs.2,902 per gram on 10 July.
- Demand from overseas industrial units was poor as the U.S. dollar was stable, making imports more expensive.
- Gold fell to a monthly low of Rs.2,843 per gram on 12 & 13 July as markets surged following the release of positive U.S. jobs data as well as the recently concluded G20 summit.
- Gold price in Dehradun rose marginally as market volatility led to an increase in demand for the precious metal, with gold trading at Rs.2,863 per gram on 14 July.
- There was no change in the price of gold for the remainder of the week as demand was stable.
July ‘17- Week 3 (17th to 23th)
- Gold prices in Dehradun rose as demand picked up following a sluggish two weeks, with gold opening the week at Rs.2,863 per gram on 17 July.
- As the U.S. dollar rate plunged on news of the repeal of Obamacare in the U.S., demand from overseas increased and gold jumped to Rs.2,883 per gram on 18 & 19 July.
- Prices continued to rise as local demand also rose in line with global trends, pushing up the price of the yellow metal to Rs.2,908 per gram on 21 July.
- A significant price jump was recorded on 22 July as gold traded at Rs.2,944 per gram due to Asian demand coupled with increasing interest from investors as a result of volatile markets.
- Steady demand from both local and overseas consumers led to gold trading at Rs.2,944 per gram on 23 July.
July ‘17- Week 4 (24th to 31st)
- Prices stabilised in the fourth week of July as industrial demand reached saturation point and local demand was also dropping.
- Gold traded at Rs.2,944 per gram on 24 July before falling to Rs.2,929 per gram on 26 July as stable local markets led to a drop in investor interest in bullion.
- A surge in demand from Asian consumers led to prices rising to Rs.2,950 per gram on 27 July, with the volatile U.S. dollar rate also a factor in the rise in demand.
- Prices continued to fluctuate for the rest of the week, with gold priced at Rs.2,945 per gram on 28 July before rising to Rs.2,955 per gram on 29 July.
- The month drew to a close with gold priced at Rs.2,950 per gram on 31 July and recording a 1.40% drop in the value of gold.
|Parameters||Gold price (24 karat)|
|June 1 Rate||Rs.3,012 per gram|
|June 30 Rate||Rs.2,992 per gram|
|Highest Rate in June||Rs.3,057 per gram on 7 June|
|Lowest Rate in June||Rs.2,972 per gram on 27 June|
|Overall Monthly Performance||Decline|
June ‘17- Week 1 (1st to 4th)
- Demand for gold was boosted by an increase in local demand, as the metal opened the month at Rs.3,012 per gram on 1 June.
- While the U.S. dollar was relatively stable, international demand was high as markets were volatile across Europe and America.
- Prices rose to Rs.3,022 per gram on 3 June as geopolitical tensions in the United States led to the dollar rate falling marginally.
- The week ended with gold continuing to trade at Rs.3,022 per gram on 4 June.
June ‘17- Week 2 (5th to 11th)
- There was an increase in the price of gold in the second week as volatile markets and higher demand kept interest in the yellow metal high.
- Gold traded at Rs.3,037 per gram on 5 June as investor confidence in the markets slipped and safe-haven assets like gold were sought after.
- Prices rose to Rs.3,057 per gram on 7 June amidst a sharp fall in the dollar rate ahead of the release of jobs data.
- The markets reacted strongly to better than expected jobs data as unemployment fell across the U.S., prompting a surge in markets and a reduction in demand for bullion.
- Gold prices dipped to Rs.3,017 per gram on 9 June before falling further to Rs.3,007 per gram on 10 June.
June ‘17- Week 3 (12th to 18th)
- Gold prices were more or less stagnant at the start of the third week as the precious metal fell out of favour due to bullish markets.
- The yellow metal traded at Rs.3,007 per gram on 12 June, with the price remaining unchanged till 15 June due to poor demand from industrial units.
- Local demand was also muted due to high prices, as retail demand all but ground to a halt.
- Prices fell to Rs.2,992 per gram on 16 June as demand from Asian markets dropped ahead of an announcement of a possible rate hike by the U.S. Federal Reserve.
- As industrial demand was sluggish, prices dipped to Rs.2,982 per gram as the week ended on 18 June.
June ‘17- Week 4 (19th to 25th)
- The week began with gold priced at Rs.2,982 per gram on 19 June as local demand continued to be low.
- While the U.S. dollar rate was unstable, demand from overseas industrial units as well as retail was still poor.
- U.S. markets were also beginning to fall as the possibility of a rate hike seemed unfounded, though there was no change in the price of gold.
- Demand rose marginally as gold traded at Rs.2,987 per gram on 23 June as local demand increased ahead of the launch of the new tax regime.
- Demand rose towards the end of the week, with gold prices rising to Rs.2,992 per gram on 24 & 25 June.
June ‘17- Week 5 (26th to 30th)
- Prices were volatile in the last week of June as conflicting cues led to gold prices fluctuating.
- Gold traded at Rs.3,002 per gram on 26 June, with the prices rising in the wake of increased demand from both local and overseas markets.
- The opening of new investigations into possible collusion between the Trump campaign and the Russians destabilised the markets.
- Demand fell to Rs.2,972 per gram on 27 June but recovered to trade at Rs.2,992 per gram on 28 June.
- There was no change in the price of gold as the month ended, with gold trading at Rs.2,992 per gram on 30 June and losing 0.66% of its value.
|May 1st Rate||Rs.3,011 per gram|
|May 31st Rate||Rs.2,992 per gram|
|Highest Rate in May||Rs.3,011 per gram on the 1st and 2nd of May|
|Lowest Rate in May||Rs.2,918 per gram from the 11th to the 15th of May|
May ’17 – Week 1 (1st – 7th)
- Gold traded at Rs.3,011 per gram on the first day of the month of May in Dehradun. Due to steady demand, this price was noted on the 2nd of May as well. This rate was the highest at which this metal was priced at for the month of May in Dehradun.
- However, the rate of gold was near a three-week low following diminishing demand for sale-haven bullion as Asian equities rallied. At the same time, the U.S. dollar gained as compared to the yen resulting in a drop in the price of gold.
- Gold was priced at Rs.2,982 per gram on the 3rd of May before falling to trade at Rs.2,952 per gram from the 4th of May until the end of the first week of May in Dehradun.
May ’17 – Week 2 (8th – 14th)
- Due to a fall in demand, the price of gold continued to fall as well with this metal trading at Rs.2,942 per gram on the first two days of the second week of May.
- As the week progressed, the price of this metal continued to fall due to numerous geopolitical factors as well as decline in demand.
- Gold traded at Rs.2,928 per gram on the 10th of May. The euro strengthened after Emmanuel Macron, won the French presidential election.
- However, as the demand for this precious metal declined, the price of gold declined as well, with this metal trading at Rs.2,918 per gram from the 11th of May until the end of the week. This was also the lowest at which this metal was priced at.
May ’17- Week 3 (15th – 21st)
- The price of this metal was Rs.2,918 per gram on the 15th of May, which was a continuation of the price noted during the previous week.
- There was a slight recovery noted in the price of gold as slightly weaker dollar increased the demand for gold.
- Gold was priced at Rs.2,923 per gram on the 16th of May before increasing to Rs.2,939 per gram on the 17th of May.
- As the demand for gold rose, the rate increased as well with this metal trading at Rs.2,991 per gram on the 18th of the month in Dehradun.
- However, with a sudden increase in the value of the U.S. dollar, the price of gold took a hit and reduced marginally.
- Gold traded at Rs.2,977 per gram from the 19th of May until the end of the third week.
May ’17 – Week 4 (22nd – 28th)
- Gold continued to trade at Rs.2,977 per gram until the 25th of May due to low but sustained demand.
- As Asian stocks gained, the price of gold fell slightly. In addition to this, the Manchester blast did not have a significant impact on the rate of this metal.
- The rate of gold increased on the 26th of May to trade at Rs.2,992 per gram.
- The U.S. Federal Reserve’s meeting hint at a chance of an interest rate hike which resulted in gold trading quite steadily.
- On the last two days of the week, gold traded at Rs.2,992 per gram due to steady demand.
May ’17 – Week 5 (29th – 31st)
- As a result of stable demand for this metal from all quarters, gold continued to trade at Rs.2,992 per gram.
- Gold traded at Rs.2,992 per gram from the 29th of May to 31st of May in Dehradun, recording a decline of 0.63%.
|April 1st Rate||Rs.2,991 per gram|
|April 30th Rate||Rs.3,011 per gram|
|Highest Rate in April||Rs.3,068 per gram on 15th and 16th of April|
|Lowest Rate in April||Rs.2,983 per gram from the 8th to the 10th of April|
April ‘17 - Week 1 (1st to 9th)
- On the 1st of the month, gold was priced at Rs.2,991 per gram in Dehradun. As a result of sluggish economic data from the U.S. along with the U.S. Federal Reserve’s dovish tone with regards to rate of interest, this rate was noted on the 2nd and 3rd of April as well.
- Due to positive market cues along with a marginal rise in the demand for this precious metal, the rate of gold increased to trade at Rs.3,003 per gram on the 5th of April.
- Due to stable demand for this metal, the rate of gold continued to be Rs.3,003 per gram until the 7th of April.
- However, a marginal decline in gold rate resulted in this precious metal trading at a lower rate of Rs.2,983 per gram on the 8th of the month.
- This rate was noted on the last day of the first week of April in Dehradun as well.
April ‘17 - Week 2 (10th to 16th)
- Due to changes in the demand for this metal, there were a number of fluctuations noted in the rate of this precious metal.
- Gold continued to trade at Rs.2,983 per gram on the first day of the week. This was also the lowest at which gold traded for the month of April in Dehradun.
- However, due to numerous geopolitical issues, the safe-haven demand for gold increased resulting in a slight increase in the price of gold.
- On the 11th of April, gold was priced at Rs.2,998 per gram before shooting up to trade at Rs.3,036 per gram on the 12th of March. This was due to positive market cues.
- A marginal drop was noted in the rate of gold on the 13th of April but increased again on the 14th of April to trade at Rs.3,047 per gram.
- However, as the demand for this precious metal increased, the rate of gold rose as well. Gold was priced at Rs.3,068 per gram on the 15th and 16th of April. This was also the highest at which gold traded at, for the month of April.
April ’17- Week 3 (17th to 23rd)
- On the 17th of April in Dehradun, gold traded at Rs.3,057 per gram. This was due to a reduction in the demand for this metal.
- Although the demand for this metal reduced, it was steady resulting in this precious metal trading at Rs.3,057 per gram continuously until the 21st of April, in Dehradun.
- Due to positive market cues, the demand for this metal increased marginally thereafter.
- Gold traded at Rs.3,062 per gram on the 22nd and 23rd of April in Dehradun.
- Towards the end of the third week of April, an increase was noted in the value of the rupee, making it advantageous for individuals to purchase more gold.
April ’17- Weeks 4 (24th to 30th)
- On the 24th of April, gold was priced at Rs.3,041 per gram which was lower than the rate of gold noted during the previous week. This rate was observed the next day as well.
- However, this price could not be sustained due to low demand. Geopolitical factors contributed to a reduction in the rate of gold as well.
- Gold traded at Rs.3,011 per gram from the 26th of April until the 30th of April. An incline of 0.66% was noted in the price of gold as the month of April came to an end.
|March 1st Rate||Rs.3,009 per gram|
|March 31st Rate||Rs.2,991 per gram|
|Highest Rate in March||Rs.3,009 per gram on 1st and 2nd March|
|Lowest Rate in March||Rs.2,950 per gram on 15th of March|
March 2017 - Week 1 (1st - 5th):
- When March began in Dehradun, gold was priced at Rs.3,009 per gram, which didn’t change the next day on the 2nd.
- The rates, as seen on 1st and 2nd, also happened to be the highest gold rates for the month - meaning gold rates went down over the next few weeks.
- On 3rd, prices went down by Rs.19 to hit Rs.2,990 per gram.
- Over the next two days gold rate in Dehradun remained at Rs.2,990 per gram as there was no uptick in demand.
March 2017 - Week 2 (6th - 12th):
- Gold was still priced at Rs.2,990 per gram, when week 2 began on 6th.
- However, gold rate in Dehradun saw one of its sharpest decline for the month as global demand took a tumble, bringing prices down to Rs.2,970 per gram on 7th.
- The decline, though, was short lived as rates bounced back to increase by Rs.23 to close at Rs.2,993 per gram on 8th.
- This week witnessed considerable fluctuations which was evident from another slump in gold prices on 9th.
- Rates went from Rs.2,993 per gram to Rs.2,977 per gram - a decrease of Rs.16 - as market volatility was at its best.
- Unlike the previous instance, there was no bouncing back this time as a lack of demand brought bullion prices further down to Rs.2,965 per gram.
- The last two days of March week 2, however, showed some respite as rates picked up slightly to end the week at Rs.2,971 per gram.
March 2017 - Week 3 (13th - 19th):
- The third week of March was a rather topsy-turvy period for gold rates.
- On 13th, gold was selling at Rs.2,971 per gram but dropped down by Rs.2,951 per gram on the 14th.
- When trading began on 15th, prices went down marginally to Rs.2,950 per gram but went back up, thanks to a rise in demand to Rs.2,960 per gram on 16th.
- Rates again went up on the 17th to hit Rs.2,970 per gram as prices seemed to go back to where they started.
- Over the last two days of March week 3, gold was trading at Rs.2,971 per gram - marking a change of 0% for the week.
March 2017 - Week 4 (20th - 26th):
- The last two weeks of March 2017 were again a bit of a tumultuous period for gold rates.
- This was the period when several altercations in Syria brought about strong responses from the US, which helped the markets go up.
- On 20th, gold was priced at Rs.2,976 per gram, which continued on the 21st as well.
- The 22nd saw gold prices gain the highest - an increase of Rs.27 - to end the day at Rs.3,003 per gram.
- Although, gold prices remained unchanged on 23rd, they went down to Rs.2,993 per gram on the 24th and didn’t change till the 26th.
March 2017 - Week 5 (27th - 31st):
- On 27th, rates again went back to Rs.3,003 per gram - only to continue at the same rate till the penultimate day of the month.
- The last day of March 2017 saw gold prices fall by Rs.12 to end the month at Rs.2,991 per gram.
- In Dehradun, gold prices declined slightly by just 0.59% for the month of March.
|February 1st Rate||Rs.2,978 per gram|
|February 28th Rate||Rs.3,020 per gram|
|Highest Rate in February||Rs.3,031 per gram from 25th to 27th February|
|Lowest Rate in February||Rs.2,957 per gram on 4th to 7th February|
February 2017 - Week 1 (1st - 4th):
- In Dehradun, when trading started for February, gold was selling at Rs.2,978 per gram.
- But due to a lack of demand, gold rates in Dehradun largely remained unchanged for most of the first week.
- The first three days of the week were rather slow but the last and the final day came as a surprise as rates went down quite a bit.
- On 3rd, gold was still trading at Rs.2,978 per gram but fell significantly by Rs.21 to go down to Rs.2,957 per gram.
February 2017 - Week 2 (5th-11th):
- On 2nd, when the second week of February began, the yellow metal was still trading at Rs.2,957 per gram - the same price as the previous week - and remained the same on 6th.
- Rates from 4th to 7th - i.e, Rs.2,957 per gram, was the lowest price of gold for the month.
- As industrial demand increased, while dollar value went down, gold prices went up by Rs.42 per gram to reach Rs.2,999 per gram on 7th.
- The rise in demand saw no end as it once again spurred an increase on 8th - this time to reach Rs.3,009 per gram.
- After the sudden rallying of prices, the 9th and 10th saw gold rates in Dehradun holding out at Rs.3,009 per gram.
- With the US dollar strengthening over the last couple days of Week 2, gold prices fell to Rs.2,983 per gram - a decrease of Rs.26.
February 2017 - Week 3 (12th-18th):
- Gold was priced at Rs.2,983 per gram, when week 3 began, but dropped down to Rs.2,973 per gram on 14th.
- Rates remained the same on 15th but went up by Rs.16 to reach Rs.2,989 per gram on the 16th.
- Gold prices in Dehradun, likewise, increased on the 17th - this time by Rs.10 as bullion trading rallied against the dollar.
- When week 3 ended, gold was seen trading at Rs.2,999 per gram.
February 2017 - Week 4 & 5 (19th-28th):
- Over the last 10-odd days of February, gold rates saw very little fluctuations.
- Gold was trading at Rs.2,999 per gram on 19th and remained more or less the same till the 24th.
- Due to an increase in demand in the industrial niches in Dehradun, gold prices went up to Rs.3,031 per gram on 25th - a massive increase of Rs.32.
- The rate as seen from 25th to the 28th was the highest price of gold for the month of February.
- February in Dehradun saw gold price trends go up by 1.41%.
|January 1st Rate||Rs.2,844 per gram|
|January 31st Rate||Rs.2,958 per gram|
|Highest Rate in January||Rs.2,979 per gram on 23rd & 24th January|
|Lowest Rate in January||Rs.2,844 per gram from 1st-3rd January|
January ‘17 - Week 1 (1st to 7th)
- The price of gold was stable at Rs.2,844 per gram from 1st-3rd January, as industrial demand kept prices high.
- Prices rose during the week as retail demand increased, with gold trading at Rs.2,855 per gram on 4th January, as the U.S. Dollar fell against global currencies.
- Market fluctuations led to a higher demand for gold, as investors rushed to the safe haven asset, driving prices higher.
- Higher demand from Asian markets led to gold prices rising to Rs.2,866 per gram on 5th January, with the price remaining constant for the rest of the week.
January ‘17 - Week 2 (8th to 14th)
- Gold traded at Rs.2,866 per gram on 8th January as demand was steady, which kept prices stable.
- Prices rose to Rs.2,888 per gram on 10th January as markets began to fluctuate, which led investors to purchase gold as a way to offset the risk.
- An increase in industrial demand due to a declining U.S. Dollar led to gold reaching Rs.2,925 per gram on 12th January, as domestic demand also saw a rise due to higher orders from jewellers.
- Gold prices dipped before rising to Rs.2,941 per gram on 14th January for a weekly increase of Rs.75 per gram.
January 2017- Week 3 (15th to 21st)
- Prices rose and were steady as demand for gold increased due to the instability of the stock market ahead of the transfer of power in the United States.
- Gold traded at Rs.2,941 per gram on 15th January and rose to Rs.2,952 per gram on 16th January as gold capitalised on higher demand and low dollar rates.
- The continued demand from the industrial sector led to prices rising to Rs.2,973 per gram on 18th January, but prices fell the following day to Rs.2,957 per gram due to a slight dip in demand.
- Prices fell further to Rs.2,952 per gram on 20th January before rising to Rs.2,963 per gram on 21st January as demand shot up due to a drop in the markets.
January 2017- Weeks 4 & 5 (22nd to 31st)
- Gold prices fluctuated in the last two weeks as demand ebbed and flowed due to market prices.
- Gold traded at Rs.2,963 per gram on 22nd January and rose on increased demand, trading at Rs.2,979 per gram on 23rd January.
- A decline in industrial demand led to prices falling to Rs.2,946 per gram on 26th January, as U.S. markets rose following Donald Trump taking office.
- Prices continued to be low for a few days before the sudden decision to ban entry to the United States by travellers from certain nations led to chaos at airports and a plunge in markets.
- Gold traded at Rs.2,967 per gram on 30th January and closed the month at Rs.2,958 per gram.
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.
- Also Check:Gold Rate in Uttarakhand
Also Check Gold Price in NearBy Cities of Dehradun
Read more on Gold
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- How To Buy Gold Coins/Bars (Bullion) Online
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- Gold Rates Fluctuation – Why Gold Is On A Roller Coaster Ride
- Know About Gold Stocks
News About Dehradun Gold Rate
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.
24th 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.
10th 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.
4th 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.
15th 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.
12th 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.
6th 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.
5th 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.
2nd 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.
29th March 2016
Spot gold slips its lowest in four weeks
With the dollar strengthening, the price of spot gold fell by more than 2% on Wednesday March 23, 2016, recording the lowest price in four weeks. In the previous session, gold prices had seen an increase of 1.2%, post the Brussels attacks, before slipping again.
The price of spot gold slid by 2.6%, at $1,215.10 an ounce, to its lowest since Feb. 29 2016 in earlier trade and was down 2.4% at $1,217.96. Prices slipped with investors booking profits ahead of the Easter break. The rates of US gold futures also dipped by 2.4% at $1,218 for an ounce.
25th March 2016
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