Gold Rate In Dehradun

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 ‘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.

December '16 - Week 1 (1st to 4th)

• Gold prices in Dehradun were high as the month began as retail demand picked up due to the festive season.
• Gold was priced at Rs.2,893 per gram on 1st December, with the price falling marginally as the week progressed due to market fluctuations.
• The continued currency shortage led to lower than expected purchases, though gold prices were stable for the most part.
• Gold traded at Rs.2,887 per gram on 4th December, registering a marginal decrease in price.

December '16 - Week 2 (5th to 11th)

• Gold prices dipped in the second week of December as stricter laws governing the purchase of bullion led to falling interest in gold.
• Gold traded at Rs.2,887 per gram on 5th December, with prices rising towards the start of the week.
• The frequent changes in notifications pertaining to the exchange of old currency notes led to a reduced interest in the metal from the retail sector.
• Gold prices fell as the week ended, trading at Rs.2,864 per gram on 11th December.

December '16 - Week 3 (12th to 18th)

• The price of gold was unchanged as the week began, trading at Rs.2,864 per gram on 12th December as markets performed well, reducing demand for gold.
• Industrial demand was also stagnant, which led to prices remaining constant.
• Gold fell sharply towards the middle of the week as the U.S. Dollar rose against global currencies, which negatively affected bullion demand.
• Gold ended the week trading at Rs.2,822 per gram on 18th December.

December '16 – Week 4 (19th to 25th)

• The run up to Christmas did not impact gold purchases much as buyer sentiment was still poor.
• Gold traded at Rs.2,822 per gram on 19th December as gold prices remained unchanged.
• International demand was stable but domestic demand continued to remain poor, with gold falling to its monthly low of Rs.2,800 per gram on 23rd December.
• Prices remained low as the week ended, trading at Rs.2,800 per gram on 25th December.

December '16 – Week 5 (26th to 31st)

• Gold prices were unchanged for most of the last week, trading at Rs.2,800 per gram on 26th December as industrial demand was also sluggish.
• Domestic demand recovered marginally towards the middle of the week as the deadline for deposit/exchange of demonetised notes approached.
• Gold rose to Rs.2,833 per gram on 29th December as international cues pointed to increasing demand due to unsteady markets.
• Gold ended the year at Rs.2,844 per gram on 31st December, recording an overall loss in value.

November '16 - Week 1 (1st to 6th)

• The price of gold in Dehradun was high as the week began as market forces and high demand kept prices high.
• Gold was priced at Rs.3,099 per gram on 1st November as demand was consistent, with marginal increases observed through the rest of the week.
• The upcoming U.S. election led to markets fluctuating, as uncertainty over the outcome was a source of worry.
• Gold reached its monthly high of Rs.3,213 per gram on 6th November as domestic retail demand also rose.

November '16 - Week 2 (7th to 13th)

• Gold prices began the week due to the twin surprises of the election result and demonetisation.
• Gold traded at Rs.3,211 per gram on 7th November, with the price staying unchanged till 8th November as markets crashed following Donald Trump’s election as U.S. President.
• The government’s announcement of the demonetisation of Rs.1,000 and Rs.500 notes took the nation by surprise, with markets plunging and gold demand surging.
• Prices were high but began to fall as the week ended, with gold trading at Rs.3,071 per gram on 13th November.

November '16 - Week 3 (14th to 20th)

• The effects of demonetisation led to reduced demand from industry due to a shortage of funds.
• Gold was priced at Rs.3,071 per gram on 14th November, but the price fell mid-week as the ramifications of the demonetisation were felt across sectors.
• In spite of international demand for gold being high due to renewed demand from industry, domestic demand was falling.
• Gold traded at Rs.2,994 per gram on 19th November, with the price remaining constant till the week ended on 20th November.

November '16 - Weeks 4 and 5 (21st to 30th)

• Gold prices fell sharply during the week as demand ground to a halt due to demonetisation.
• Gold traded at Rs.2,994 per gram on 21st November as investors were forced to put off purchases due to lack of sufficient funds.
• International markets also strengthened on the possibility of a fed rate hike in December, causing demand for gold to fall.
• Gold traded at Rs.2,941 per gram on 30th November as prices slumped on poor demand.

October 2016 – Weeks 1 and 2 (1st to 9th)

• Though the interest rate hike by the U.S. Federal Reserve has been put on hold till December, expectations have sprouted again as a further delay in the hike could lead to other problems for the economy.
• Gold prices stood at Rs.3,205 on the 1st of October and the remained unchanged until the 4th of the month.
• A decline on the 5th of October saw prices drop to Rs.3,119 per gram, after which another decline saw prices plunge further down to Rs.3,088 on the 6th.
• Prices remained stable till the end of the week as there were no fluctuations.

October 2016 – Week 3 (10th to 16th)

• The price of gold per gram did not change from the closing levels of the previous week and prices remained stable at Rs.3,088 until the end of the week.

October 2016 – Week 4 (17th to 23rd)

• There was little talk of the interest rate hike by the U.S. Federal Reserve this week, and rates remained unchanged at Rs.3,088 until the 23rd of the month.

October 2016 – Week 5 (24th to 31st)

• Although there was no change in rates on the first day of the week, prices increased to Rs.3,099 per gram on the 26th of October and remained stable until the end of the month.
• The overall decline in prices between the first and last day of October was 3.31%.

September '16 - Week 1 (1st to 4th)

• Gold prices were on the rise this week as demand grew stronger.
• On 1st and 2nd September, gold traded at Rs.3,184 per gram.
• The Fed rate hike seemed impossible this month in light of weak economic data from the United States.
• At the end of the week, gold had gained significantly and traded at Rs.3,195 per gram.

September '16 - Week 2 (5th to 11th)

• At the start of the week, gold traded at Rs.3,195 per gram.
• Demand was strong in the domestic market on account of positive global trends.
• The price of gold reached its highest on 7th September trading at Rs.3,228 per gram.
• Rates remained unchanged for the rest of the week.

September '16 - Week 3 (12th to 18th)

• The U.S. Federal Reserve made it clear that a rate hike might be rolled out soon despite economic data indicating that the economy was not strong enough.
• Gold traded at Rs.3,228 per gram on 12th September.
• Gold lost some of its lustre as its safe-haven appeal was dampened.
• Demand dropped and gold prices started to fall.
• By the end of the week, gold shed Rs.33
• Gold traded at Rs.3,195 per gram on 18th September.

September '16 - Week 4 (19th to 25th)

• At the start of the week, gold traded at Rs.3,195 per gram.
• The Fed rate hike was called off in light of the upcoming U.S. presidential elections. The closest window for the rate hike is December.
• As gold gained its investment appeal again, demand started to rise.
• Gold was seen trading at Rs.3,227 per gram on 22nd September.
• Rates remained unchanged for the rest of the week.

September '16 - Week 5 (26th to 30th)

• At the start of the week, gold traded at Rs.3,227 per gram till 28th September.
• The stable prices could be attributed to steady demand for gold.
• In the global market, the dollar gained against a basket of currencies.
• Demand in the domestic market was mute and gold prices dropped to Rs.3,217 per gram on 30th September.
• There was an increase of 1.04% in gold prices this month.

August '16 - Weeks 1 (1st to 7th)

• The first week of August was positive for gold rates as the dollar weakened on account of slow growth data from the U.S.
• Gold traded at Rs.3,219 per gram on 1st August to 3rd August.
• As demand increased in the domestic market, prices rose for the next two days.
• Expectations of a Fed rate hike seeped back into the market and prices dropped to Rs.3,206 per gram.
• However, sustained domestic demand helped keep prices stable till the end of the week.

August '16 - Week 2 (8th to 14th)

• Gold prices continued to be constant trading at Rs.3,206 per gram.
• There were fluctuations through the week on account of fluctuations in the equity markets coupled with a weak dollar.
• Gold touched Rs.3,248 per gram, the highest for the month, on 10th August.
• Prices dropped again as the U.S. economy gained strength. Gold was seen trading at Rs.3,226 per gram on 13th and 14th August.

August '16 - Week 3 (15th to 21st)

• Gold prices remained relatively stable this week with marginal increases.
• Gold traded at Rs.3,226 per gram on 15th August and climbed to Rs.3,236 per gram for the next few days.
• The constant trend can be attributed to stable demand flowing in from jewellers and stockist in the domestic market.
• The week ended with gold trading at Rs.3,238 per gram.

August '16 - Week 4 (22nd to 28th)

• The pressure of an interest rate hike by the U.S. Federal Reserve built up.
• Investors lost interest in the yellow metal and gold prices started to fall in the global market.
• Gold was seen trading at Rs.3,238 per gram at the beginning of the week.
• As demand dropped, gold traded at Rs.3,205 per gram through the rest of the week.

August '16 - Week 5 (29th to 31st)

• The trend this week was constant for gold prices.
• Gold rates stuck to Rs.3,205 per gram for the whole week despite weak global market trends.
• Overall, the performance of gold this month indicated a decline of 0.43%.
• Prices are expected to pick up when demand increases during the festive season.

July'16 - Week 1 (1st to 3rd)

• Gold traded at Rs.3,167 per gram on 1st July.
• The Brexit vote led to growing expectations of the central banks providing monetary stimulus to the market.
• Gold rose to Rs.3,203 per gram on 2nd and 3rd July.
• The overall trend for the 1st week of July was constant.

July'16 - Week 2 (4th to 10th)

• Gold traded at Rs.3,203 per gram on 4th July.
• The week saw a number of fluctuations but finally climbed up and stayed steady towards the end of the week.
• Gold traded steadily at Rs.3,227 per gram for the end of the week despite global cues suggesting otherwise.

July'16 - Week 3 (11th to 17th)

• Gold traded at Rs.3,226 per gram on 11th July.
• Gold slipped to Rs.3,199 per gram, however, domestic demand helped gold maintain its rates.
• Gold stayed constant through most of the week.

July ‘16 - Week 4 (18th to 24th)

• The constant trend continued through Week 4. Gold traded at Rs.3,199 till 21st July.
• Gold dropped owing to global trends as the U.S. released strong data pertaining to non-farm jobs.
• The week closed with gold trading at Rs.3,178 per gram.

July ‘16 - Week 5 (25th to 31st)

• Gold prices were stable at the beginning of the week, trading at Rs.3,178 per gram.
• The gold rates in Dehradun climbed through the week ending at Rs.3,219 per gram.
• The rates were unaffected by the rising U.S. dollar as the domestic demand increased.

Jun'16 - Week 1 (1st to 4th)

• Gold traded at Rs.2,960 per gram on the first day of the month.
• Price of gold declined by Rs.10 the next day and stayed steady at Rs.2,950 per gram for the rest of the week.

Jun'16 - Week 2 (5th to 11th)

• Continuing from the previous day, the rate of gold was Rs.2,950 on the 5th of June and significantly increased after that.
• Rate of gold was steady at Rs.3,003 per gram on the 6th and 7th of June and declined slightly after that.
• Gold rate was steady at Rs.3,006 per gram on the 10th and 11th of June.

Jun'16 - Week 3 (12th to 18th)

• Price of gold was Rs.3,006 on the first day of the week and increased by Rs.50 the next day.
• Gold was steady at Rs.3,066 per gram from the 14th to 16th of June.
• Price of gold rose to Rs.3,109 per gram on the 17th and remained the same on the 18th as well.

Jun'16 - Week 4 (19th to 25th)

• There were many fluctuations in the rate of gold over the course of the week.
• Gold opened at Rs.3,109 per gram on the 19th and stayed the same even on 20th june.
• Prices increased after that until the 22nd after which gold rate declined to Rs.3,098 per gram and stayed the same until 25th June.

Jun'16 - Week 5 (26th to 30th)

• Price of gold was steady at Rs.3,098 per gram until the 27th and rose to Rs.3,182 per gram on 28th and 29th which was also the highest for the month.
• Gold closed at Rs.3167 per gram on 30th June.

May'16 - Week 1 (1st to 7th)

• Gold rates remained constant at Rs.3,119 for the first three days of the week after which a decline by Rs.41 saw prices drop to Rs.3,078 on the fourth day of trading.
• Prices increased by Rs.20 to Rs.3,098 on the 5th and dropped by Rs.20 to fall back to Rs.3,078 6th.
• The last day of the week saw gold rates rise by Rs.42 and finish strong at Rs.3,120.
• In comparison with the first day of the week, prices increased by Re.1 during the first seven days of May 2016.

May ‘16 - Week 2 (8th to 14th)

• Gold rates remained unchanged on the first and second day of the second week and prices were recorded at Rs.3,120 on the 8th and 9th of May.
• A decline by Rs.40 on the third day of the week saw prices fall to Rs.3,080 and they remained stable until the end of the week.
• The overall decline in rates from the start of the week to the end of the week was Rs.40.

May ‘16 - Week 3 (15th to 21st)

• Gold rates remained stable at Rs.3,080 on the 15th and 16th of May after which an increase of Rs.18 on the 17th of the month saw prices climb to Rs.3,098.
• A decline by Rs.30 on the 18th pushed prices down to Rs.3,068, and a further decline by Rs.20 on the 19th saw prices fall to Rs.3,048, and they remained unchanged until the end of the week.
• The overall decline in gold prices at the end of the week in comparison with the first day of the week was Rs.32.

May ‘16 - Week 4 (22nd to 31st)

• Gold prices remained stable at Rs.3,048 until the 24th of May, followed by a decline of Rs.30 which sent prices down to Rs.3,018 on the 25th.
• A decline by Rs.10 on the 26th sent rates down to Rs.3,008 and they remained unchanged for another day.
• Prices fell by Rs.48 on the 28th of May, marking the lowest rate of the precious metal during the month, at Rs.2,960, and they remained constant for the rest of the month.
• The overall decline in prices between the first and last day of the month was Rs.159.

Apr ‘16 - Week 1 (1st to 3rd)

• The month began on a slow note for gold, with investors adopting a wait and watch approach.
• Speculations about a Federal rate cut kept investors at bay, impacting demand and rates.
• Gold traded at Rs 2,943 on 1st, with no changes observed over the week.

Apr ‘16 - Week 2 (4th to 10th)

• Gold rates appreciated during the second week, with investors rallying behind gold.
• Gold traded at Rs 2,943 on 4th, marginally dropping to Rs 2,933 on 5th.
• This marginal drop was countered over the week, with gold ending on a high of Rs 2,988 on 10th, having gained over Rs 40.

Apr ‘16 - Week 3 (11th to 17th)

• Gold prices fluctuated over the week, with a strong US dollar impacting local prices.
• Gold traded at Rs 2,988 on 11th, gradually peaking at Rs 3,013 on 12th.
• Prices fell after this initial strong performance, with gold trading at Rs 2,981 on 17th.
• A loss of Rs 7 was incurred by gold over the week.

Apr ‘16 - Week 4 (18th to 24th)

• Fluctuations continued into the fourth week, as global markets remained unstable.
• Gold traded at Rs 3,002 on 18th, consolidating its position.
• Prices peaked at Rs 3,017 on 21st, before falling to Rs 3,007 on 24th.
• A marginal gain of Rs 5 was witnessed over the week.

Apr ‘16 - Week 5 (25th to 30th)

• This was the best week for gold in the month, as strong global cues and increased demand led to a major hike in rates.
• Gold traded at Rs 3,007 on 25th, jumping to Rs 3,088 on 29th.
• The month ended with gold trading at Rs 3,119, a gain of over Rs 100 observed in the last week.

Mar'16 - Week 1 (1st to 6th)

• The week began with jewellers protesting changes in excise duty on gold.
• Gold rates on 1st were Rs 3,030.
• Protests impacted markets, resulting in no change in rates through the week.

Mar'16 - Week 2 (7th to 13th)

• Protests continued into the second week, with rates remaining unchanged.
• Prices stayed constant at Rs 3,030 through the week.

Mar'16 - Week 3 (14th to 20th)

• The protests started to fizzle, with a number of jewellers opening stores for business.
• Gold rates dropped from Rs 3,030 to Rs 2,940 on 15th.
• Prices went up to Rs 2,998 on 18th and remained at this level till 20th.

Mar'16 - Week 4 (21st to 27th)

• There were no major rate change fluctuations in the week.
• Gold rates fell from Rs 2,998 to Rs 2,948 on 25th.
• Prices were unchanged for the rest of the week.

Mar'16 - Week 5 (28th to 31st)

• There were no rate changes from the previous week.
• Prices remained steady at Rs 2,948 till the end of March.