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 December 2020 (rates per gram of 24 karat gold)

Trend of Monthly Gold Rate in Dehradun for December 2020:

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

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

Trend of Monthly Gold Rate in Dehradun for November 2020:

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

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

Trend of Monthly Gold Rate in Dehradun for October 2020

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

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

Trend of Monthly Gold Rate in Dehradun for September 2020:

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

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

Trend of Monthly Gold Rate in Dehradun for August 2020:

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

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

Trend of Monthly Gold Rate in Dehradun for July 2020:

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

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

Trend of Monthly Gold Rate in Dehradun for June 2020:

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

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

Trend of Monthly Gold Rate in Dehradun for May 2020:

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

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

Trend of Monthly Gold Rate in Dehradun for April 2020:

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

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

Gold Rate Trend in Dehradun for March 2020:

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

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

Gold Rate Trend in Dehradun for February 2020:

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

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

Gold Rate Trend in Dehradun for January 2020:

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

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Gold Investment Avenues in Dehradun

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

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

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