*Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.
Gold Rate in Dehradun
Dehradun located in Dehradun is located in the foothills of the Himalayas and holds the same cultural ideals as the rest of the state. It is a well developed town with many and eccentrically showy weddings and festivities especially when it's the Diwali and the Dhantera seasons. The city is home to many Garhwali and Pahari people who are strongly find gold an extremely holistic approach in terms of creating wealth as well as being auspicious for special occasions. Families leave their forerunners with gold as a form of wealth and ornamental hand me downs that are made of gold. But this city also finds trading it as a precious metal commodity quite useful as well.
Trend of Gold Rate in Dehradun for November 2016 (rates per gram for 24karat gold)
|November 1st Rate||Rs.3,099 per gram|
|November 30th Rate||Rs.2,941 per gram|
|Highest Rate in November||Rss.3,213 per gram on 5th & 6th November|
|Lowest Rate in November||Rs.2,929 per gram from 25th – 27th November|
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.
|Highest Price||Rs.3,205 from 1st to 4th October|
|Lowest Price||Rs.3,088 from 6th October to 25th October|
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%.
|1st Day||Rs.3,184 per gram|
|Last Day||Rs.3,217 per gram|
|Highest Price||Rs.3,228 per gram from 7th to 12th September|
|Lowest Price||Rs.3,184 per gram on 1st and 2nd September|
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.
|First Day||Rs.3,219 per gram|
|Last Day||Rs.3,205 per gram|
|Highest Price||Rs.3,248 per gram on 4th and 10th August|
|Lowest Price||Rs.3,205 per gram from 26th to 31st August|
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.
|1st July rate||Rs.3,167|
|31st July rate||Rs.3,219|
|Highest rate in July||Rs.3,227 on 9th|
|Lowest rate in July||Rs.3,167 on 21st|
|% Change||+ 1.64%|
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.
|1st June rate||Rs.2,960|
|30th June rate||Rs.3,167|
|Highest rate in June||Rs.3,182 per gram on 28th June|
|Lowest rate in June||Rs.2,950 per gram on 2nd June|
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.
|1st May rate||Rs.3,119|
|31st May rate||Rs.2,960|
|Highest rate in May||Rs.3,120 from the 7th to the 9th of May|
|Lowest rate in May||Rs.2,960 from the 28th to the 31st of May|
|Overall performance||Loss / Negative|
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.
|1st April rate||Rs 2,943|
|30th April rate||Rs 3,119|
|Highest rate in April||Rs 3,119 on 30th|
|Lowest rate in April||Rs 2,933 on 5th|
|% Change||+ 5.98%|
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.
|1st March rate||Rs 3,030|
|31st March rate||Rs 2,948|
|Highest rate in March||Rs 3,030 from 1st to 14th|
|Lowest rate in March||Rs 2,940 on 15th, 16th and 17th|
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.
Details of Gold Price in Dehradun (22 Karat & 24 Karat) - Till December 2015
As of December 19, 2015, gold rate for 22K gold is Rs. 2358 for every gram. The more purer form of gold which is 24K gold was being traded in Dehradun at Rs. 2533. Gold rates in Dehradun is comparatively lower when considered against other cities in the country and since it is both high on demand and supplied through imports in the country. Earlier this year gold was trading in Dehradun at around Rs. 2660 and Rs. 2840 for 22K and 24K gold respectively. This number is based on data pulled out from January 2015 and hence shows how gold prices have fallen through the year. It did pick up around the Autumn months when the wedding and Indian festival season began but again lost its charm in terms of price by the end of the year.
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
- Auspicious Days To Buy Gold In 2016
- How To Buy Gold Coins/Bars (Bullion) Online
- Use Your Gold Jewellery To Get Yourself A Loan
- 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
- For more related news /update on gold price visit: Gold News Section