Gold Rate In Dehradun

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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 January 2019 (rates per gram for 24 karat gold)   

Gold Rate Trend in Dehradun for January 2019:

• Despite a lacklustre start where gold traded at Rs.3,234 per gram on 1 January, gold rates in Dehradun surged on rising retail demand and favourable overseas market cues.
• Prices jumped to Rs.3,281 per gram on 4 January as investors increased their stake in bullion as a hedge against possible equity losses due to volatile markets.
• Demand from Asia remained weak due to the impact of trade sanctions but local industrial demand boosted local prices, which rose to Rs.3,297 per gram on 11 January.
• The ongoing U.S. government shutdown and fears over Brexit’s effect on the economy resulted in a rally in gold prices towards the end of the month, with the metal trading at a monthly high of Rs.3,397 per gram on 31 January.

Trend of Gold Rate in Dehradun for December 2018 (rates per gram for 24 karat gold)

Gold Rate Trend in Dehradun for December 2018

• The gold rate in Dehradun on December 1 was Rs.3,108 per gram – lowest in the entire month. Over the course of the week, the demand for the yellow metal picked up, driven by investor sentiments and wedding season.
• By December 7, the price had soared to Rs.3,197 per gram as the U.S. Dollar Index lost some ground against a basket of other apex currencies. On December 12, the gold rate jumped further to reach its monthly high at Rs.3,260 per gram.
• This surge was then followed by a sharp depreciation in the price of gold as a rising dollar boosted investors’ confidence. Adding to this was the increase in the cost of gold imports, driven by a weakening rupee. On December 20, the price had dropped down to Rs.3,176 per gram.
• However, in the final week of December, global economic concerns, trade wars, and sliding equities prompted investors to seek refuge in gold. As a result, it ended trading on December 31 at Rs.3,239 per gram – marking an overall monthly incline of 4.21% in the price of gold.

Trend of Gold Rate in Dehradun for November 2018 (rates per gram)

Parameters	Gold price (24 carat)
November 1 Rate	Rs.3,255 per gram
November 30 Rate	Rs.3,124 per gram
Highest Rate in November	Rs.3,266 per gram on 8 November
Lowest Rate in November	Rs.3,124 per gram on 29 and 30 November
Overall Monthly Performance	Decline
Percentage Change	-4.02%

Trend of Gold Rate in Dehradun for October 2018 (rates per gram)

Parameters	Gold price (24 carat)
October 1 Rate	Rs.3,140 per gram
October 31 Rate	Rs.3,260 per gram
Highest Rate in October	Rs.3,271 per gram on 26 October
Lowest Rate in October	Rs.3,140 per gram from 1 to 3 October
Overall Monthly Performance	Incline
Percentage Change	3.82%

Trend of Gold Rate in Dehradun for September 2018 (rates per gram)

Parameters	Gold price (24 carat)
September 1 Rate	Rs.3,103 per gram
September 30 Rate	Rs.3,140 per gram
Highest Rate in September	Rs.3,155 per gram on 26 and 27 September
Lowest Rate in September	Rs.3,082 per gram on 4 September
Overall Monthly Performance	Incline
Percentage Change	1.22%

Trend of Gold Rate in Dehradun for August 2018 (rates per gram)

Parameters	Gold price (24 carat)
August 1 Rate	Rs.3,050 per gram
August 31 Rate	Rs.3,092 per gram
Highest Rate in August	Rs.3,092 per gram from 31 August
Lowest Rate in August	Rs.3,014 per gram on 20 - 21 August
Overall Monthly Performance	Incline
Percentage Change	1.37%

August 2018 - Week 1 (1 - 5):

• Gold opened at Rs.3,050 per gram on 1 August 2018. Favourable global trends and steady demand for the metal helped gold rates incline on the first day of the month.
• Compared to other currencies, the US dollar value increased. This caused demand for the metal to decline. Therefore, gold rates fell in the following days in Dehradun.
• On 2 August, the price of gold in Dehradun was recorded at Rs.3,045 per gram, and on 3 August it dropped substantially to Rs.3,035.
• During the latter part of the week, the dollar strengthened ahead of the Federal Reserve’s monetary policy release. This caused the price of gold in Dehradun to plummet further. On 4 August, the gold rate stood at Rs.3,019 per gram and at the end of the week, on 5 August, it was recorded at Rs.3,035 per gram.

August 2018 - Week 2 (6 - 12):

• Gold continued to trade at Rs.3,035 per gram on 6 August as the demand for the metal from jewellers, retailers and local industries was stable.
• However, as the US unemployment data was released and the statistics indicated that jobs that contributed to the development of the US economy would dip substantially, the US dollar dipped in value when compared to other currencies.
• This led the gold price in Dehradun to drop slightly to Rs.3,029 per gram and on 9 and 10 August.
• At the end of week 2, strong investor demand was recorded. This, along with a weakened dollar, caused the price of gold in Dehradun to spike on the last day of this week. On 12 August, the metal was recorded at Rs.3,050 per gram.

August 2018 - Week 3 (13 - 19):

• Gold in Dehradun continued to trade at Rs.3.050 per gram. During the third week of August, both dollar value and equities weakened, affecting gold rates in Dehradun in the following few days.
• Favourable market trends coupled with positive global demand unaltered the price of gold in Dehradun as it still stood at Rs.3,050 per gram on 14 August, but dipped the next day to Rs.3,035 per gram.
• The lowest gold rate for the month of August in Dehradun was recorded on 17 August when the precious metal traded at Rs.3,003 per gram. During this time, the US dollar strengthened and dominated other currencies.
• Poor domestic demand coupled with weak overseas trends led the gold price in Dehradun to remain relatively stable at Rs.3,014 per gram at the end of the week.

August 2018 - Week 4 (20 - 26):

• On 20 and 21, gold was priced at Rs.3,014 per gram in Dehradun. This was one of the lowest points in the month. However, favourable trends overseas helped gold rates in to incline in the following days.
• On 22 August, the gold rate in Dehradun surged to Rs.3,024 per gram after a drop in the dollar value which also led to an increase in investor demand for the metal.
• With the US President criticizing the Fed Reserve’s decision to raise the US interest rates, the dollar value dropped further.
• Strong global demand coupled with positive market trends led to the gold price in Dehradun close at Rs.3,035 per gram on 26 August.

August 2018 - Week 5 (27 - 31):

• Gold prices in Dehradun rose considerably in week 5 on account of strong trends overseas which increased the demand for gold worldwide.
• Gold was priced at Rs.3,035 per gram on 27 August when the week began.
• With domestic gold and silver markets gaining on the US dollar that had dipped in value, gold price in Dehradun surged considerably in the following days.
• With investors and market participants refraining from making purchases ahead of the Federal Reserve Chairman’s statement on the US interest rate hike, the US dollar value plunged. This led to gold rate in Dehradun to rise considerably to Rs.3,082 per gram on the 28 and the 29 August.
• The month concluded with gold price in Dehradun being recorded at Rs.3,092 per gram on 31 August, the highest price during August. The state also registered an incline of 1.37% in gold rates during the course of the month.

Trend of Gold Rate in Dehradun for July 2018 (rates per gram)

Parameters	Gold price (24 karat)
July 1 Rate	Rs.3,146 per gram
July 31 Rate	Rs.3,082 per gram
Highest Rate in July	Rs.3,165 per gram from 6 - 7 July
Lowest Rate in July	Rs.3,082 per gram on 31 July
Overall Monthly Performance	Decline
Percentage Change	-2.03%

July 2018- Week 1 (1-6)

• The month began with the Gold rate standing at Rs.3,124 per gram. A drop when compared to the price recorded at the end of the previous month. This can be associated with the decline in dollar rates.
• Gold prices marginally rose on the 5 July to Rs.3,129 per gram due to a further decline in the dollar value. The dollar was affected by the trade policies with regard to the Federal Reserve increasing interest rates. This created mounting tension in the economy.
• Gold rates held steady in the following few days as the dollar eased ahead of the Federal Reserve's policy meeting (Fed Minutes) for July.
• The Gold rate for Dehradun increased at the end of the week as it stood at Rs.3,134 per gram on 6 July

July 2018- Week 2 (7-13)

• The precious metal started off strong on Week 2 at Rs.3,140, an increase from the end of last week, that can be associated with a slight fall in dollar rates.
• In spite of the dollar weakening, Gold rates in Dehradun dropped slightly during the next few days when it stood at Rs.3,134 per gram from 8 - 9 July.
• The price of the metal in Dehradun declined further due to an increased dollar while the trade spat between China and the USA escalated. The metal’s price on 12 - 13 July stood at Rs.3,119 and Rs.3,103 per gram respectively.
• The price of the metal in Dehradun, at the end of Week 2, remained at Rs.3,103 per gram.

July 2018- Week 3 (14-20)

• Gold price in Dehradun commenced at Rs.3,093 at the start of Week 3, a decrease when compared to the price of the metal at the end of Week 2.
• The dollar price continued to climb, which did not have a substantial effect on the gold price in Dehradun for the coming few days. As on 14 July up to 17 July, the Gold rate stood around Rs.3,092 per gram.
• A weak demand for the precious metal unaffected its rate in Dehradun.
• US dollar dropped from a three-week high on 19 July, which was surprisingly detrimental to Gold rates in Dehradun. The rate stood at Rs.3,056 per gram on 19 July.
• At the end of the week, the Gold rate in Dehradun increased marginally to Rs.3,061 per gram.

July 2018- Week 4 (21-31)

• The week started off with the Gold price in Dehradun standing at Rs.3,061 per gram, the same as the gold price as on the last day of Week 3.
• The US dollar rate fell to a two-week-low on 23 July. This caused an increment in Gold prices in Dehradun. The Gold rate on 23 July was reported to be Rs.3,082 per gram.
• On 24 July, when the US Treasury yields rose, the price of the precious yellow metal took a beating in Dehradun. The Gold rate stood on this day at Rs.3,077 per gram.
• On 26 July, the Gold rate went down despite a slip in the US dollar after the President of USA, Donald Trump and European Commission President Jean-Claude Juncker agreed to work towards eliminating trade barriers. The price of Gold in Dehradun stood at Rs.3,066 per gram.
• The Gold rate then plunged further, and at the end of the month and the price in Dehradun was recorded at Rs.3,056. The percentage change of Gold rate in Dehradun was recorded to be -2.03%.

Trend of Gold Rate in Dehradun for June 2018 (rates per gram)

Parameters	Gold price (24 karat)
June 1 Rate	Rs.3,187 per gram
June 30 Rate	Rs.3,119 per gram
Highest Rate in June	Rs.3,192 per gram on 16 June
Lowest Rate in June	Rs.3,119 per gram on 30 June
Overall Monthly Performance	Decline
Percentage Change	-2.13%

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

Parameters	Gold price (24 karat)
May 1 Rate	Rs.3,192 per gram
May 31 Rate	Rs.3,187 per gram
Highest Rate in May	Rs.3,234 per gram on 14 May
Lowest Rate in May	Rs.3,171 per gram on 18 May
Overall Monthly Performance	Decline
Percentage Change	-0.15%

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

• Gold prices were on the increase in the first week, though some turbulence was seen due to fluctuating demand.
• The yellow metal opened the month at Rs.3,192 per gram before prices dipped on sluggish local demand.
• International demand for the metal was on the rise as the dollar failed to capitalise on positive market cues.
• Industrial and retail demand was steady, which kept prices from fluctuating too much as the week ended.

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

• The second week saw gold open at Rs.3,197 per gram on steady demand from both local as well as overseas buyers.
• Gold price in Dehradun rose to Rs.3,203 per gram on 8 May as the dollar dipped in early trading on renewed fears of a trade war between the United States and China.
• Industrial demand from Asia was also on the increase, though prices were not impacted much by it.
• A firm dollar and strong equity markets kept gold gains to a minimum, though the yellow metal’s price rose to Rs.3,208 per gram on 11 May.
• Prices did not change much as the week drew to a close on 13 May.

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

• Gold opened the week at Rs.3,234 per gram on increased demand from investors due to geopolitical tensions affecting equity market performance.
• Dovish comments from the Fed on a possible rate hike also dampened interest in the dollar, though gold prices fell to Rs.3,213 per gram on 15 May.
• Prices continued to fall as markets bounced back on positive investor sentiment ahead of the planned talks between the U.S. and North Korea.
• Gold price in in Dehradun fell to Rs.3,192 per gram as the week ended on 20 May on poor demand.

May 2018- Week 4 (21st-27th)

• Gold prices fluctuated during the week due to a strengthening dollar and increasing investor interest in equities.
• The yellow metal was priced at Rs.3,192 per gram on 21 May before prices dipped to Rs.3,182 per gram on 22 May as Sino-U.S. trade war fears diminished after negotiations.
• Demand for gold rose marginally towards the middle of the week as industrial orders rose i spite of a high dollar index.
• Local demand was still muted, though the metal’s price rose to Rs.3,203 per gram on 25 May on positive global cues.
• The revival of talks with North Korea bolstered U.S. equity markets, which dampened interest in gold, leaving prices unchanged as the week ended on 27 May.

May 2018- Week 5 (28th-31st)

• Prices remained more or less constant in the last week of May as there was minimal movement across bullion markets.
• Gold traded at Rs.3,203 per gram on 28 May as demand for the metal was on the decline across major trading platforms.
• Retail demand was stagnant while industrial demand was also falling due to the strengthening dollar.
• Gold price in Dehradun fell to Rs.3,187 per gram on 29 May, with the price remaining unchanged till the month ended on 31 May.
• The drop in demand for gold and market factors led to gold prices falling by 0.15% over the course of the month.

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

Parameters	Gold price (24 karat)
Gold Rate on 1st April 2018	Rs.3,140 per gram
Gold Rate on 30th April 2018	Rs.3,208 per gram
Highest Rate in April	Rs.3,224 per gram on 20 April
Lowest Rate in April	Rs.3,129 per gram on 7 April
Overall Monthly Performance	Incline
Percentage Change	2.16%

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

• Gold prices in Dehradun rose in the first week of April, with the precious metal opening the month priced at Rs.3,140 per gram.
• Prices were constant for a few days as local demand saw a drop in orders, even as international demand was on the increase due to volatile equity markets.
• The rising tensions between China and the United States led to U.S. markets falling sharply, which led investors to seek out safe-haven assets like bullion.
• Gold rate in Dehradun subsequently rose to Rs.3,161 per gram on 4 April as local jewellers also increased demand courtesy low import rates.
• Industrial demand was weak, as gold prices fell to Rs.3,134 per gram on 6 April after the dollar made a slight recovery towards the end of the week.
• A decline in local demand saw gold prices fall to Rs.3,129 per gram on 7 April.

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

• Gold price in Dehradun rose to Rs.3,140 per gram as the week opened with the dollar trading weak against a basket of global currencies.
• Local demand for the metal was stable as retail buyers increased purchases due to favourable market cues, though prices remained stagnant.
• The release of U.S. non-farm payrolls data indicated favourable trends for the market which led to the dollar making gains.
• Demand for gold fell overseas but rebounded on news of the Syrian government’s alleged chemical attack against its own civilians.
• Gold rate in Dehradun rose to Rs.3,197 per gram on 13 April as markets fell sharply amidst news that the U.S. would seek to retaliate.
• Local markets were also volatile, though gold prices fell marginally on demand vagaries.
• The precious metal ended the week priced at Rs.3,187 per gram on 15 April.

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

• The weekend retaliatory airstrikes by U.S.-led forces led to equity markets opening poorly, resulting in higher demand for safe-haven assets like gold.
• Gold was priced at Rs.3,208 per gram on 16 April as local as well as international demand was high due to favourable market conditions.
• Prices regularised during the week as gold slipped to Rs.3,192 per gram on 17 April as local demand fell slightly due to the high cost.
• Industrial demand kept prices steady during the week as overseas trends were volatile, with gold priced at Rs.3,224 per gram on 20 April.
• Gold price in Dehradun fell marginally towards the end of the week as local demand was on the decline, resulting in the metal trading at Rs.3,218 per gram on 22 April.

April 2018- Week 4 (23rd - 30th)

• The last week of April saw gold prices fluctuate due to market volatility and fluctuating demand.
• The precious metal was priced at Rs.3,218 per gram on 23 April before prices fell to Rs.3,197 per gram on 24 April due to declining local demand.
• Industrial demand also fell as the dollar recovered from its earlier losses, which put pressure on the metal.
• A possible rate hike led to the dollar rising on positive trends, with gold rising to Rs.3,213 per gram on 26 April.
• Gold price in Dehradun fell as the month ended, with gold priced at Rs.3,208 per gram on 30 April.

Trend of Gold Rate in Dehradun for March 2018 (rates per gram for 24 karat gold)

Parameters	Gold price (24 karat)
Gold Rate on 1st March	Rs.3,113 per gram
Gold Rate on 31st March	Rs.3,134 per gram
Highest Rate in March	Rs.3,171 per gram on 25 & 26 March
Lowest Rate in March	Rs.3,098 per gram on 19 & 20 March
Overall Monthly Performance	Incline
Percentage Change	0.67%

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

• Gold prices in Dehradun were on the rise in the first week of March due to fluctuating equity markets, with the metal opening the week at Rs.3,113 per gram.
• Prices rose to Rs.3,108 per gram on 2 March following the renewal of war rhetoric between the U.S. and North Korea, which led to investors seeking out safe-haven assets like bullion.
• The week ended with gold prices surging to Rs.3,134 per gram on 4 March as the U.S. Dollar fell heavily against other currencies, with an increase in orders for the metal.

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

• While gold prices rose in the second week, turbulent markets and demand vagaries led to prices fluctuating.
• The week began with gold priced at Rs.3,134 per gram on 5 March before falling slightly due to a drop in industrial demand.
• A recovery by the dollar and a bullish U.S. equity market also pushed back demand for the yellow metal, which traded at Rs.3,119 per gram on 7 April.
• Less than favourable data from the U.S. jobs market led to a slide in the dollar rate as gold surged to Rs,3,140 per gram on 8 April.
• Prices sharply declined as local demand could not sustain orders and gold once again traded at Rs.3,129 per gram on 9 April.
• The week ended with a minor rise in price as gold traded at Rs.3,134 per gram on 11 March.

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

• Dehradun saw a drop in gold prices during the third week as local jewellers reduced offtake as a result of declining sales.
• Gold traded at Rs.3,134 per gram on 12 March but prices dropped soon after as investors reduced interest in the asset due to strong performing equity markets.
• The yellow metal traded at Rs.3,119 per gram on 16 April as demand continued to slide, with Asian markets also reducing orders due to the high import cost.
• The week ended with gold trading at Rs.3,103 per gram on 18 April as a strong dollar performance and declining orders led to prices dropping.

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

• The week opened with gold priced at Rs.3,098 per gram on 19 March after a further drop in orders from both overseas as well as domestic buyers.
• Volatile equity markets led to some gains at the beginning of the week, with gold rising to Rs.3,113 per gram on 21 March.
• The escalation of tensions between North Korea and the U.S. led to a sharp fall in the dollar rate as well as equity markets, which boosted demand for gold.
• Prices rose to Rs.3,135 per gram on 23 February as investors bought gold as a hedge against future equity losses.
• Gold ended the month priced at Rs.3,171 per gram on 25 March following a late rally.

March 2018- Week 5 (26th -31st)

• The last week saw demand for gold more or less constant, with the precious metal priced at Rs.3,171 per gram on 26 March.
• A slight drop in price was recorded as the dollar made a recovery after its losses the previous week.
• Prices fell marginally as local demand for the metal was on the decline, but stable demand from industrial units kept prices from falling too steeply.
• The month ended with gold priced at Rs.3,134 per gram on 31 March.

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

Parameters	Gold price (24 karat)
Gold Rate on 1st February 2018	Rs.3,077 per gram
Gold Rate on 28th February 2018	Rs.3,129 per gram
Highest Rate in February	Rs.3,161 per gram on 18 & 19 February
Lowest Rate in February	Rs.3,035 per gram on 9 February
Overall Monthly Performance	Incline
Percentage Change	1.68%

February 2018- Week 1 (1-4):

• Gold prices in Dehradun were steady as the week began before a steep rise in price was observed.
• The precious metal opened the month trading at Rs.3,077 per gram on stable demand from local jewellers and industrial units.
• Prices remained unchanged for the rest of the week as international demand was also muted, though steady demand kept prices from falling.

February 2018- Week 2 (5-11):

• Prices fluctuated in the second week of February as conflicting cues from the market as well as an unstable U.S. Dollar took its toll on the metal.
• Gold was priced at Rs.3,082 per gram on 5 February before a rally by equity markets saw interest in gold slide.
• Prices dropped to Rs.3,066 per gram on 6 February and remained unchanged for a few days due to stagnant demand.
• A firming dollar led to a further drop in price, with gold falling to Rs.3,035 per gram on 9 February as positive non-farm data buoyed markets.
• Prices rose as the week ended, with gold trading at Rs.3,056 per gram on 11 February.

February 2018- Week 3 (12-18):

• Market uncertainty coupled with waning investor confidence in the dollar resulted in gold prices rising significantly over the course of the week.
• Gold was priced at Rs.3,056 per gram on 12 February before prices rose to Rs.3,098 per gram on 14 February due to higher retail demand.
• The declining dollar rate encouraged an increase in orders from industry, as international demand also rose.
• The yellow metal was priced at Rs.3,140 per gram on 16 February as investor interest in gold rose to offset price pressures due to higher inflation data.
• The week ended as gold reached its highest rate for the month, trading at Rs.3,161 per gram on 18 February.

February 218- Week 4 (19-25):

• A recovery by the dollar and bull run by stock markets saw gold prices plunge on poor demand throughout the week.
• Gold was priced at Rs.3,161 per gram on 19 February but fell y Rs.10 to trade at Rs.3,150 per gram on 20 February.
• Retail demand fell as the wedding season drew to a close, with jewellers also reducing orders due to declining sales.
• Gold fell to Rs.3,119 per gram on 23 February as industrial demand also reduced due to high import costs associated with a strong dollar.
• Prices recovered marginally as the week ended with gold priced at Rs.3,124 per gram on 25 February.

February 2018- Week 5 (26-28):

• Prices fluctuated in the last week in Dehradun, with gold opening the week priced at Rs.3,124 per gram.
• The precious metal’s price rose to Rs.3,134 per gram on 25 February on strong local demand.
• Prices dipped slightly due to international cues as gold closed the month trading at Rs.3,129 per gram on 28 February.
• The steady fall in price in the last week affected gold’s overall value, which rose by 1.68% during the month.

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

Parameters	Gold price (24 karat)
Gold Rate on 1st January 2018	Rs.3,010 per gram
Gold Rate on 31st January 2018	Rs.3,066 per gram
Highest Rate in January	Rs.3,120 per gram on 24 and 25 January
Lowest Rate in January	Rs.3,010 per gram on 1, 2 and 3 January
Overall Monthly Performance	Incline
Percentage Change	1.19%

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

• Trading began in Dehradun with the precious metal trading at Rs.3,010 per gram on the 1st of January.
• Steady domestic demand coupled with firm trends overseas resulted in gold prices holding at Rs.3,010 per gram until the 3rd.
• The 4th witnessed gold rate in Dehradun surging to Rs.3,045 per gram which plunged to Rs.3,030 per gram the next day with the US dollar strengthening against a basket of other major currencies ahead of the US employment data.
• However, with the US job data failing to meet market expectations, the US dollar lost its ground. This led to gold price in Dehradun rebounding to Rs.3,045 per gram on the 6th.
• Positive trends overseas coupled with steady domestic demand from local jewellers, retailers and industries led to gold being priced at Rs.3,050 per gram on the 7th.

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

• The week opened with gold rates holding steady at Rs.3,050 per gram on the 8th with stable demand amid the weakened US dollar and equities.
• However, with the US dollar index gaining against other apex currencies in the global trade, gold price in Dehradun plunged to Rs.3,045 per gram on the 9th.
• Gold rate in Dehradun surged again to Rs.3,051 per gram on the 10th after the US dollar lost its sheen hitting record lows over the next few days.
• The precious metal prices plunged to Rs.3,041 per gram on the 11th before rebounding to Rs.3,061 per gram the following day with gold touching near seven-week highs in the bullion trade.
• Strong global trends brought by the weakened US dollar and poorly-performing equities resulted in gold prices rising to Rs.3,078 per gram on the 13th.
• When the week concluded, the bullion prices were recorded holding at Rs.3,099 per gram on the 14th owing to an increased demand from local retailers, jewellers and industries amid the positive trends overseas.

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

• When trading commenced for the third week, the yellow metal was recorded trading at Rs.3,099 per gram on the 15th with steady domestic demand from the previous week.
• Prices remained unchanged at Rs.3,099 per gram the next day which surged further to Rs.3,115 per gram on the 17th due to an incline in demand for the bullion amid the weakening US dollar.
• Demand, however, began with the US greenback recovering from the previous rally of losses, gold price in Dehradun dropped slightly to Rs.3,095 per gram on the 18th.
• Rates remained unaltered at Rs.3,095 per gram the next couple of days with steady demand from local jeweller and retailers.
• The gold rate in Dehradun rebounded to Rs.3,115 per gram on the 21st after the US dollar lost its ground with markets speculating over the possible US government shutdown concerns.

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

• Trading opened in Dehradun with the precious metal prices holding at Rs.3,115 per gram on the 22nd with strong domestic demand amid the firm trends overseas.
• Prices plunged slightly to Rs.3,110 per gram on the 23rd before surging to Rs.3,120 per gram on the 24th with the US dollar index gaining against a basket of other major emerging currencies in the global markets.
• The 25th saw gold rate in Dehradun remaining unchanged at Rs.3,120 per gram with the metal hitting near 16-month highs in the bullion trade.
• However, the rest of the week saw gold price in Dehradun dropping due to a decline in global demand brought about by the recovering US dollar index.
• The week concluded with the yellow metal being priced at Rs.3,077 per gram on the 28th with poor domestic demand from industries and jewellers.

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

• The final week opened with the bullion trading at Rs.3,077 per gram on the 29th with steady demand for the metal amid firm trends overseas.
• Gold price in Dehradun dropped to Rs.3,066 per gram the next day with the US dollar index regaining lost ground from the previous weeks’ losses.
• The month ended with the bullion trading at Rs.3,066 per gram on the 31st owing to a subdued but steady demand amid the poor trends overseas.
• Dehradun recorded an incline of 1.86% in gold trade owing to the strong domestic demand brought about by positive trends overseas.

Trend of Gold Rate in Dehradun for December 2017 (rates per gram for 24 karat gold)

Parameters	Gold price (24 karat)
Gold Rate on 1st December 2017	Rs.3,016 per gram
Gold Rate on 31st December 2017	Rs.3,020 per gram
Highest Rate in December	Rs.3,036 per gram from 2 to 4 December
Lowest Rate in December	Rs.2,910 per gram on 11 to 13 December
Overall Monthly Performance	Incline
Percentage Change	0.13%

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

• The week opened in Dehradun with the yellow metal trading at Rs.3,016 per gram on the 1st of December.
• Gold rate in Dehradun picked up to Rs.3,036 per gram on the 2nd after the US dollar value declined amid uncertainties on the landmark US tax bill in the US Senate.
• Steady demand by local jewellers, retailer and industries amid the positive trend overseas resulted in the precious metal holding steady at Rs.3,036 per gram until the 4th.
• The US dollar, however, regained its lost ground after the US Senate opted to set aside differences between the House and Republicans and clear the tax bill. This led to gold prices in Dehradun plunging to Rs.2,998 per gram on the 5th.
• With the US greenback gaining against other major emerging currencies and the equity markets performing well, gold rates in Dehradun dropped significantly during the week.
• The bullion prices were recorded at Rs.2,988 per gram on the 6th before plummeting to Rs.2,983 on the 7th amid poor global trends.
• The 8th witnessed gold rates hit its lowest in four months at Rs.2,950 per gram after investors began focussing on the US central bank’s monetary policy meetings to be held during the next week.
• However, demand picked up in the domestic market with jewellers and retailers ramping up purchases to meet the local wedding season demand. Gold was priced at Rs.2,955 per gram on the 9th.
• The week ended with the precious metal holding steady at Rs.2,955 per gram on the 10th.

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

• The second week began with gold priced at Rs.2,940 per gram on the 11th amid the strengthening US dollar and firmer equities market.
• Reduced domestic demand by local jewellers, retailers and industries amid the poor trend overseas led to gold rate in Dehradun remaining unchanged at Rs.2,940 per gram for the next couple of days.
• With the US dollar losing against a basket of emerging currencies after the release of new interest rates by the Federal Reserve, gold rates rebounded to Rs.2,960 per gram on the 14th.
• Demand, however, couldn’t keep up for long with the US dollar regaining lost ground. This resulted in the bullion prices plummeting to Rs.2,945 per gram on the 15th.
• Gold rate in Dehradun rose slightly to Rs.2,955 per gram on the 16th and continued to remain untouched at the same price for the remainder of the week.

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

• When trading commenced for the week, the yellow metal was priced at Rs.2,950 per gram on the 18th amid the strong US dollar index.
• Prices surged to Rs.2,960 per gram on the 19th with investors mulled over the final outcome of the country largest tax system overhaul on the US economic growth.
• The 20th saw gold rate in Dehradun remaining untouched at Rs.2,960 per gram before rising to Rs.2,965 per gram the next day amid the weakened US dollar.
• Prices plunged again to Rs.2,960 per gram on the 22nd before rebounding to Rs.2,985 per gram on the 23rd with the Asian stocks failing against the newly approved tax cuts.
• Trading concluded for the week with the bullion trading firm at Rs.2,985 per gram on the 24th amid steady domestic demand and positive overseas trends.

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

• Gold prices in Dehradun were recorded at Rs.2,975 per gram when the week began on the 25th.
• Rates surged to Rs.2,985 per gram the next day owing to an increase in global demand for the precious metal.
• The 27th saw gold rate in Dehradun rising to Rs.2,995 per gram with the bullion touching the $1,300 mark in the international market.
• The poor US dollar performance coupled with an increased domestic demand led to prices rising to Rs.3,015 per gram and Rs.3,020 per gram on the 28th and the 29th respectively.
• Steady domestic demand compounded by the positive trends overseas resulted in the precious metal prices holding steady at Rs.3,020 per gram until the end of the month.
• Dehradun recorded a profit of 0.13% in gold trade during the course of the month.

Trend of Gold Rate in Dehradun for November 2017 (rates per gram for 24 karat gold)

Parameters	Gold price (24 karat)
Gold rate on 1st November 2017	Rs.3,006 per gram
Gold rate on 30th November 2017	Rs.3,026 per gram
Highest Rate in November	Rs.3,060 per gram from 18 to 20 November
Lowest Rate in November	Rs.3,006 per gram on 1 November
Overall Monthly Performance	Incline
Percentage Change	0.66%

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

• Trading commenced in Dehradun with the bullion priced at Rs.3,006 per gram on the 1st.
• The 2nd saw gold rate in Dehradun surging to Rs.3,020 per gram owing to an increased demand from local jewellers, industries and retailers in the domestic trade.
• However, with the dollar strengthening over the next few days prices dropped to Rs.3,015 per gram on the 3rd which plunged further to Rs.3,010 per gram on the 4th amid the poor trend overseas.
• Despite the weak global cues, demand remained consistent for the rest of the week. This led to gold holding steady at Rs.3,010 per gram on the 5th.

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

• The second week began with the precious metal trading relative lower at Rs.3,005 per gram on the 6th after the US dollar began to dominate over other emerging currencies amid the firm equities.
• However, prices rebounded to Rs.3,025 per gram on the 7th after local demand surged amid the positive trend overseas.
• Demand for the metal remained relatively higher during the week owing to a volatile dollar nature and the weak equity markets.
• This led to gold being priced at Rs.3,035 per gram on the 8th and the 9th.
• With investors speculating on the Federal Reserve monetary policy meeting in December, gold rates surged to Rs.3,045 per gram on the 10th.
• An increase in orders from the Asian markets amid the positive global cues resulted in the precious metal being priced Rs.3,045 per gram for the remainder of the week.

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

• When trading commenced for the third week, the yellow metal was trading at Rs.3,035 per gram on the 13th with a marginal decline in global demand for the metal.
• The next day saw gold price in Dehradun surging to Rs.3,045 per after the bullion’s safe-haven appeal was restored amid the rising political uncertainty in the Middle East.
• With investors and stockists gravitating towards the commodity markets, demand for the metal surged. This led to gold price in Dehradun rising to Rs.3,050 per gram on the 15th.
• However, with the dollar and equities market recovering from the downfall, gold rates dropped to Rs.3,040 per gram on the 16th.
• Though prices plunged further to Rs.3,030 per gram on the 17th amid poor domestic demand for the metal, the 18th witnessed bullion rates surging to Rs.3,060 per gram on the 18th with diplomatic relations between Saudi Arabia and Iran deteriorating.
• Strong global trends coupled with increased demand for the precious metal resulted in gold holding steady at Rs.3,060 per gram on the 19th.

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

• Thanks to the steady demand from the previous week, gold rates remained unchanged at Rs.3,060 per gram on the 20th when the week commenced.
• However, with the US economy recovering amid a strong dollar index and firmer equities market, prices plummeted to Rs.3,035 per gram on the 21st which dropped further to Rs.3,026 per gram the following day.
• The bullion trade on the 23rd witnessed prices surging to Rs.3,046 per gram after local industries and industries increased purchases to meet domestic demand.
• Rates remained unchanged at Rs.3,046 per gram on the 24th before plunging to Rs.3,036 per gram on the 25th after the dollar emerged dominant against a basket of other major currencies.
• The yellow metal was recorded trading at Rs.3,036 per gram on the 26th when the week concluded amid the strong US dollar and well performing equities.

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

• When trading began on the 27th, gold was priced at Rs.3,045 per gram after local demand surged in the domestic trade.
• The 28th witnessed bullion rates plunging to Rs.3,040 per gram after the US dollar surged amid the possibility of an interest rate hike by the Federal Reserve in the monetary policy meeting to be held in the following weeks.
• Though prices remained untouched at Rs.3,040 per gram on the 29th, gold rates dropped to Rs.3,026 per gram on the 30th as the dollar strengthened further with equities performing well amid the new US tax reform plan in the US Senate.
• The month concluded with Dehradun registering an incline of 0.66% in gold trade during the course of the month amid the positive trends overseas coupled with improved global demand for the metal.

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.