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  • Gold Rate In Delhi Today

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    11 Dec 2017 ₹ 2,765 ₹ 22,120 ₹ 2,955 ₹ 23,640
    10 Dec 2017 ₹ 2,765 ₹ 22,120 ₹ 2,955 ₹ 23,640
    09 Dec 2017 ₹ 2,760 ₹ 22,080 ₹ 2,950 ₹ 23,600
    08 Dec 2017 ₹ 2,790 ₹ 22,320 ₹ 2,983 ₹ 23,864
    07 Dec 2017 ₹ 2,790 ₹ 22,320 ₹ 2,983 ₹ 23,864
    06 Dec 2017 ₹ 2,805 ₹ 22,440 ₹ 2,998 ₹ 23,984
    05 Dec 2017 ₹ 2,840 ₹ 22,720 ₹ 3,036 ₹ 24,288
    04 Dec 2017 ₹ 2,840 ₹ 22,720 ₹ 3,036 ₹ 24,288
    03 Dec 2017 ₹ 2,840 ₹ 22,720 ₹ 3,036 ₹ 24,288
    02 Dec 2017 ₹ 2,820 ₹ 22,560 ₹ 3,016 ₹ 24,128

    *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 price in Delhi in November 2017 Gold price in Delhi in October 2017 Gold price in Delhi in September 2017

    Gold Price in Delhi

    Delhi, the national capital, is also one of the largest consumers of gold in the country. All throughout the history of Delhi, gold has been a stable commodity used as jewelries, minted as coins, and also sold as pure gold bars and other forms. Gold rates in Delhi are influenced by various factors that have global implications. The city currently has a large buyer base for gold and related products, with consumers mostly opting for physical gold followed by trading exchanges.

    Other than physical gold, consumers can also opt for gold as a commodity, which is traded in various commodity exchanges such as National Spot Exchange (NSEL), National Commodity and Derivatives Exchange (NCDEX) and Multi Commodity Exchange (MCX). The exchanges offer gold as spot contracts where you can buy gold at the spot and get it delivered at the earliest, and also as futures contract, where gold is purchased and sold at a later date, albeit on current prices.

    Comparison for 24 K Gold Rates for Delhi October 2017

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

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

    • Gold rate in Delhi started relatively poorly at Rs.3,006 per gram on the 1st of the month.
    • However, a significant surge from investors in the city saw rates go up to Rs.3,020 per gram on the 2nd of November.
    • But, as the US dollar strengthened and global cues weakened, gold rates in the city fell to Rs.3,015 per gram on the 3rd.
    • On the 4th, gold price in Delhi went further down to Rs.3,010 per gram as domestic demand fell again to remain in line with the international demand.
    • When the week came to an end, gold rates were recorded at Rs.3,010 per gram.

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

    • Gold rate in Delhi opened relatively low at Rs.3,005 per gram, when trading commenced for the week in Delhi.
    • The 7th witnessed gold price in Delhi surging to Rs.3,025 per gram - an increase of Rs.20 per gram from the previous day - with geopolitical tensions rising in the Middle-East, and concerns between the US and North Korea supporting safe-haven investments globally.
    • The downfall of the US dollar amid possible delays in the US tax reform resulted in gold rates rising to Rs.3,035 per gram on the 8th.
    • Steady global demand amid strong global cues led to prices remaining unchanged at Rs.3,035 per gram the next day as well.
    • With the bullion trade marking a three-week high on the 10th, the yellow metal prices surged to Rs.3,045 per gram on account of the dollar declining against other apex currencies.
    • The next two days witnessed gold rate in Delhi remaining unchanged at Rs.3,045 per gram, as a strong trend overseas pushed demand higher for the metal.

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

    • When trade exchanges commenced business on the 13th, gold was priced at Rs.3,035 per gram.
    • Gold rate in Delhi jumped to Rs.3,045 per gram as local demand surged considerably. Prices went up again on the 15th to Rs.3,050 per gram as domestic purchasing trend remained strong in spite of weak global cues.
    • However, gold price in Delhi fell to Rs.3,040 per gram on the 16th as the US dollar value improved due to high yield from treasury bonds.
    • Gold prices fell again to Rs.3,030 per gram on the 17th before seeing a significant rise on the 18th of November.
    • The yellow metal traded at Rs.3,060 per gram on the 18th and continued at the same rate on the 19th as demand from local investors remained strong.

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

    • Gold opened strongly in Delhi before falling over the next two days due to factors concerning the Federal Reserve and its latest meeting.
    • On the 20th of November, the yellow metal traded at Rs.3,060 per gram.
    • However, gold rate in Delhi fell to Rs.3,035 per gram - a Rs.25 decline - as local demand dropped in all major Asian and European markets.
    • Gold price in Delhi went down further to Rs.3,026 per gram on the 23th as US Fed minutes was expected to be revealed to the media.
    • Once investors found the Fed rhetoric wasn’t as bad, gold rates surged to Rs.3,046 per gram on the 24th of the month.
    • Demand fell on the 25th and prices went down to Rs.3,036 per gram, which continued on till the closing hours of the 26th.

    Trend of Gold Rate in Delhi for October 2017 (rates per gram for 24 karat gold)

    Comparison for 24 K Gold Rates for Delhi September'17
    Parameters Gold price (24 karat)
    Gold Rate on 1st October 2017 Rs.3,063 per gram
    Gold Rate on 31st October 2017 Rs.3,026 per gram
    Highest Rate in October 2017 Rs.3,072 per gram from 12 to 16 October
    Lowest Rate in October 2017 Rs.3,026 per gram on 27, 30 and 31 October
    Overall Monthly Performance Decline
    Percentage Change -1.20%

    October 2017 - Week 1 (1st -7th)

    • The prices of gold in the national capital was steady as the week began but fell sharply due to a gradual decline in demand due to fluctuating markets as well as a rising dollar rate.
    • Gold was priced at Rs.3,063 per gram on 1 October and remained steady the subsequent day.
    • Gold rate in Delhi dropped to Rs.3,043 per gram on 3 October as the dollar recouped earlier losses following strong trading and a rise in equities.
    • Local demand also suffered due to the rise in the dollar rate as imports became more expensive, as gold traded at Rs.3,033 per gram on 5 October.
    • Continued political turmoil in the United States did not appear to affect markets as they remained high, staving off demand for bullion.
    • Gold price in Delhi dropped to Rs.3,028 per gram on 6 October as U.S. employment data was better than expected.
    • Demand for gold rose as the week ended over renewed fears of North Korea’s nuclear capabilities, leading to gold prices rising to Rs.3,046 per gram on 7 October.

    October 2017 - Week 2 (8th -14th)

    • Gold trading in Delhi was also in tune with the trend seen in other major cities.
    • On the 8th of October, gold was priced at Rs.3,046 per gram. With the North Korea- US conflict resurfacing, gold rates in Delhi rose to Rs.3,057 per gram on the 9th.
    • Gold price in Delhi increased on the 10th as well to hit Rs.3,062 per gram, thanks to uncertainties in the US economy.
    • A steady demand saw gold prices remain unchanged in Delhi on the 11th, before increasing to Rs.3,072 per gram on the 12th.
    • The final two days of this week, i.e., the 13th and 14th saw gold rates stabilise and remain at Rs.3,072 per gram as the US dollar regained some of its lost sheen.

    October 2017 - Week 3 (15th - 21st)

    • In Delhi, gold opened at Rs.3,072 per gram when the trading for October week 3 commenced.
    • Gold price in Delhi remained steady on the next day before declining to Rs.3,067 per gram as favourable returns from US treasury bonds saw the greenback hold its own against other currencies.
    • An improving dollar caused gold rates in Delhi to drop again on the 18th to Rs.3,056 per gram.
    • A less than desirable demand during the pre-Diwali days saw the yellow metal trading at Rs.3,057 per gram on the 19th and the 20th of the month.
    • Due to demand slowing down because of subdued demand in domestically, gold rates fell to Rs.3,047 per gram on the 21st of October.

    October 2017 - Week 4 (22nd -28th)

    • Gold was recorded trading at Rs.3,047 per gram on the 22nd, when trading commenced for the week in the national capital.
    • Global demand declined as the dollar dominated over other apex currencies after the US-North Korean conflicts settling down. This resulted in gold prices declining to Rs.3,041 per gram the next day.
    • However, gold rates in Delhi rebounded to Rs.3,046 per gram on the 24th with an increase in domestic purchases by local jewellers, retailers and investors, but prices soon dropped the next day to Rs.3,036 per gram as speculations of an early announcement on the next Federal Reserve chairman resulted in the US dollar rising.
    • Gold price in Delhi plunged to Rs.3,031 per gram on the 26th, which further dropped to Rs.3,026 per gram on the 27th as dollar gained against euro after the ECB decided to extend its bond-buying programme.
    • Positive global cues resulted in an increased local demand for the precious metal. This resulted in the yellow metal prices rebounding to Rs.3,036 per gram on the 28th.

    October 2017 - Week 5 (29th- 31st)

    • Gold rate in Delhi opened at Rs.3,036 per gram on the 29th of October before dropping to Rs.3,026 per gram as investors played a cautious game with regards to their purchases.
    • The main reason for this was the two-day FOMC meeting, which led local investors to reduce their investment for the time being.
    • On the 31st, when the month ended, gold was priced at Rs.3,026 per gram, with investors still waiting for the Fed Reserve meeting’s outcome before investing.

    Trend of Gold Rate in Delhi for September 2017 (rates per gram for 24 karat gold)

    Comparison for 24 K Gold Rates for Delhi August'17
    Parameters Gold price (24 karat)
    September 1 Rate Rs.3,024 per gram
    September 30 Rate Rs.3,063 per gram
    Highest Rate in September Rs.3,130 per gram on 8 September
    Lowest Rate in September Rs.3,024 per gram on 1 September
    Overall Monthly Performance Incline
    Percentage Change 1.29%

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

    • In national capital, Delhi, gold rates started off on a low for the week because of muted demand from investors and jewellers alike.
    • When the week commenced on the 1st, gold was priced at Rs.3,024 per gram.
    • Prices surged up slightly to Rs.3,029 per gram on the 2nd and remained unchanged on the 3rd on account of stable purchases.
    • News about North Korea’s latest nuclear weapon testing sent world markets crashing, which pushed up safe-haven investments. Gold rate in Delhi went up to Rs.3,105 per gram within a day as investors flocked the trade unions.
    • As the markets remained volatile, gold price in Delhi were holding above Rs.3,100 per gram levels for the remainder of the week.
    • On the 5th, prices surged to Rs.3,115 per gram as more investors and jewellers ramped up their purchases. Rates remained the saw on the 6th the market saw demand sustain at the same level.
    • The 7th seemed to witness a slight drop in demand, which was evident with the precious metal’s prices dropping to Rs.3,100 per gram.
    • With confirmation arriving from North Korea about its ambitious — and potentially threatening — nuclear test, gold prices surged to Rs.3,130 per gram on the 8th.
    • The 9th and the 10th saw the yellow metal trade at Rs.3,125 per gram, thanks to prolonged demand from active investors.

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

    • The national capital saw little in the way of change in the price of gold in the second week of September since local markets were stable and shielded the metal from adverse changes on the global front.
    • Gold rate in Delhi was at Rs.3,105 per gram on 11 September, a slight drop in price from the previous week as U.S. markets strengthened over the weekend.
    • Demand for gold fell as local jewellers reduced orders, leading to the yellow metal trading at Rs.3,085 per gram on 12 September.
    • Overseas demand from industry, especially from countries like China rose briefly as markets braced for the economic impact of the hurricanes battering the U.S. coast.
    • Gold price in Delhi rose to Rs.3,094 per gram on 13 September but dropped to Rs.3,085 per gram on 14 September as demand stagnated.
    • Volatile markets overseas had little impact on the bullion rate in Delhi as gold prices remained unchanged for the remainder of the week, trading at Rs.3,085 per gram on 17 September.

    September 2017 - Week 3 (18th-24th)

    • When trading started on the 18th, gold price in Delhi had fallen to Rs.3,073 per gram as opposed to Rs.3,085 per gram the previous day.
    • As demand fluctuated, gold rate in Delhi fell to Rs.3,056 per gram. Another reason for this was the strengthening US dollar.
    • The North Korea - US nexus pushed demand for safe-haven investments, which led to gold rates increasing to Rs.3,078 per gram on the 20th.
    • Uneven global cues and a poor local demand pushed gold rates back down to Rs.3,051 per gram on the 21st.
    • With the festive season bustle settling in, demand increased. This led to gold rate in Delhi going up to Rs.3,078 per gram on the 22nd.
    • The 23rd and 24th saw gold rates decrease and trade at Rs.3,058 per gram as the US dollar strengthened against other apex currencies.

    September 2017 - Week 4 (25th-30th)

    • When the final week of September, gold was priced at Rs.3,051 per gram, a considerable decrease from the previous day’s prices.
    • However, the approaching festive season pushed demand for the metal up on 26th September. This led to the metal trading at Rs.3,110 per gram.
    • As the US dollar strengthened after news about a possible Fed rate hike, gold rate in Delhi went down to Rs.3,085 per gram on the 27th of the month.
    • Gold price in Delhi fell on the 28th and the 29th for the metal to trade at Rs.3,067 per gram and Rs.3,057 per gram respectively.
    • The last day of this week saw demand pick up slightly, which led to the yellow metal trading at Rs.3,063 per gram.
    Parameters Gold price (24 karat)
    August 1 Rate Rs.2,960 per gram
    August 31 Rate Rs.2,999 per gram
    Highest Rate in August Rs.3,017 per gram on 28 August
    Lowest Rate in August Rs.2,930 per gram on 3, and from 5-7 August
    Overall Monthly Performance Incline
    Percentage Change 1.31%
    Comparison for 24 K Gold Rates for Delhi July'17

    August ‘17 - Week 1 (1st to 6th)

    • The national capital saw fluctuations in the price of gold due to demand vagaries as well as the U.S. Federal Reserve meeting.
    • Gold was priced at Rs.2,960 per gram on 1 August as prices rose from the previous month due to a weak U.S. dollar.
    • Gold price in Delhi fell marginally due to slow offtake from jewellers who were monitoring the U.S. Fed rate announcement on the possibility of an interest rate hike.
    • The yellow metal traded at Rs.2,950 per gram on 3 August as demand dropped following a recovery in the dollar price as well as renewed market stability.
    • Local demand also fell marginally, though gold prices rose to Rs.2,940 per gram on 4 August.
    • Gold rate in Delhi fell as the week ended, with gold priced at Rs.2,930 per gram on 5 & 6 August due to a decline in demand from jewellers.

    August ‘17 – Week 2 (7th to 13th)

    • In Mumbai, gold prices remained on a subdued note for the first half of the week before going up significantly during the second half.
    • On the 7th, gold in Mumbai was trading at Rs.2,988 per gram, but as local jewellers were cautious with their investment, rates went down to Rs.2,978 per gram.
    • After some positive cues from the global market made its way to Mumbai, gold prices went up to Rs.2,998 per gram on the 9th.
    • The 10th saw gold rate in Mumbai remain at Rs.2,998 per gram before increasing by Rs.46 to trade at Rs.3,044 per gram on the 11th of August.
    • As demand remained steady despite falling international demand, gold prices were seen holding at Rs.3,044 per gram over 12th and the 13th of August.

    August ‘17 - Week 3 (14th to 20th)

    • The price of gold in the national capital echoed trends seen in other major Indian cities, with prices fluctuating towards the middle of the week before recovering marginally.
    • Gold was priced at Rs.2,994 per gram on 14 August and remained the same on 15 August as commodity markets did not trade on Independence day.
    • Gold price in Delhi fell to Rs.2,979 per gram on 16 August as the U.S. dollar rate was on the increase following weeks of poor performance.
    • The ongoing tensions between the U.S. and North Korea led to fluctuating U.S. markets and an unstable dollar, which helped gold rose to Rs.2,994 per gram on 17 August.
    • A rise in Asian demand led to gold rising to Rs.2,999 per gram on 18 August before prices dipped to Rs.2,982 per gram on 19 August.
    • Stable demand from domestic as well as overseas markets led to gold ending the week at Rs.2,982 per gram on 20 August.

    August 2017 – Week 4 (21st - 27th)

    • Gold trading in the national capital reflected the global trend with regards to the prices.
    • On the 21st of August, gold price in Delhi were recorded at Rs.2,972 per gram.
    • As the US-North Korea issue dominated the market on the 22nd, dollar plummeted, which lead to gold trading at Rs.2,982 per gram.
    • The 23rd saw demand go up slightly which led to gold price in Delhi reaching Rs.2,987 per gram.
    • Domestic demand was considerably better despite some weak global cues and gold rates in Delhi reached Rs.2,992 per gram on the 24th.
    • Due to sustained demand, rates remained unchanged over the course of the next three days.

    August 2017 – Week 5 (28th - 31st)

    • Reflecting trends seen in other Indian cities, gold prices in the national capital appreciated due to higher demand and favourable market conditions.
    • Gold was priced at Rs.3,017 per gram on 28 August, its highest rate for the month as the geopolitical crisis in the Korean peninsula led to higher demand for bullion.
    • Markets were volatile due to the threat of aggression from North Korea and the flooding in Texas, which led to increased overseas demand for gold.
    • Prices dipped marginally as the week progressed, trading at Rs.3,009 per gram on 29 August as local demand diminished.
    • The gold rate in Delhi dropped to Rs.2,999 per gram on 31 August as the dollar rate stabilised and industrial demand slowed.
    Parameters Gold price (24 karat)
    July 1 Rate Rs.2,992 per gram
    July 31 Rate Rs.2,950 per gram
    Highest Rate in June Rs.2,992 per gram on 1 and 2 July
    Lowest Rate in June Rs.2,843 per gram on 12 and 13 July
    Overall Monthly Performance Decline
    Percentage Change -1.4%
    Comparison for 24 K Gold Rates for Delhi June'17

    July 2017 - Week 1 (1st to 9th)

    • Due to sustained demand for gold from domestic markets, gold was priced at Rs.2,992 per gram on 1 July in the national capital. On 2 July as well, gold traded at the same rate.
    • The value of the U.S. dollar was quite low due to global central banks’ decision regarding monetary tightening.
    • This yellow metal was priced at Rs.2,972 per gram on 3 July before falling even further the next day.
    • On 4 May, gold traded at Rs.2,942 per gram and this price was noted until 6 July. This was due to a rise in the value of the U.S. dollar.
    • The price of gold fell even further on 7 July to trade at Rs.2,922 per gram before falling to a monthly low of Rs.2,902 per gram on the last two days of the first week of July.

    July 2017 - Week 2 (10th to 16th)

    • Gold price in Delhi saw a few fluctuations during the second of July.
    • On the 10th of July, gold was priced at Rs.2,902 per gram but went down to Rs.2,872 per gram on the 11th as international demand went down.
    • The US job data brought about further decrease in bullion prices which was then compounded by a significant drop in local demand.
    • When trading began on the 12th, gold price in Delhi had further dropped by Rs.29 to hit Rs.2,843 per gram.
    • However, as president Trump’s scandal came into the fore gold prices picked up over the latter half of the week.
    • Prices were recorded at Rs.2,843 per gram on the 13th but jumped to Rs.2,863 per gram on the 14th.
    • Gold rate in Delhi remained unchanged on the 15th and 16th to remain at Rs.2,863 per gram as demand in local circles consolidated.
    • There was a Rs.39 drop from the start of the week to the end despite an increase in the international demand due to poor domestic sales.

    July 2017 - Week 3 (17th to 23rd)

    • Prices in the capital city reflected trends seen across the country as gold was highly sought after.
    • Gold was priced at Rs.2,863 per gram on 17 July as demand was high owing to a weak U.S. dollar as well as fluctuating stock markets.
    • Gold price in Delhi rose to Rs.2,873 per gram on 18 July on the back of renewed interest from investors due to poor returns from falling markets.
    • Local demand rose marginally due to positive cues from overseas demand, resulting in gold rate in Delhi was Rs.2,883 per gram on 19 July.
    • Demand from Asia also boosted prices, as a low U.S. dollar led to increased buying and pushed gold prices to Rs.2,908 per gram on 21 July.
    • The week ended with gold trading at Rs.2,944 per gram on 22 & 23 July.

    July 2017 - Week 4 (24th to 31st):

    • In national capital Delhi, gold prices started at Rs.2,944 per gram when the week began on 24th July and remained unchanged on the 25th, thanks to steady demand.
    • However, prices fell by Rs.15 on the 26th to Rs.2,929 per gram as demand took a hit and investors pulled away from investing in the metal.
    • The 27th, however, saw gold prices increase by Rs.21 to hit Rs.2,950 per gram as investors seemed to capitalise on US dollar’s poor performance.
    • Gold prices in Delhi went down marginally to Rs.2,945 per gram on the 28th as demand subsided briefly.
    • But, as North Korean conflict with the US took centre stage, dollar fell to 13-month lows, which prompted local jewellers to invest in the metal more.
    • As a result of this, gold prices went up to Rs.2,955 per gram and traded at the same rate on the 29th and the 30th of July.
    • Prices declined to Rs.2,950 per gram on 31st July as local demand hit saturation point.

    Parameters Gold price (24karat)
    June 1 Rate Rs.3,012 per gram
    June 30 Rate Rs.2,992 per gram
    Highest Rate in June Rs.3,057 per gram on 7 June
    Lowest Rate in June Rs.2,972 per gram on 27 June
    Overall Performance Decline
    Percentage Change -0.66%
    Comparison for 24 K Gold Rates for Delhi May'17

    June 2017 - Week 1 (1st-4th):

    • National Capital Delhi also saw a positive change in gold rates as US’ turned out to have a quiet impact in India.
    • On the 1st of June, gold prices were holding at Rs.3,012 per gram - an increase of Rs.20 per gram from the previous day’s prices.
    • As there was not much of a rise in demand, gold prices remained at Rs.3,012 per gram on the 2nd as well.
    • However, as price of gold rose globally, there was a knock-on effect to be seen in Delhi.
    • Prices went up to Rs.3,022 per gram on the 3rd and remained the same on the 4th, when the week came to an end.

    June 2017 - Week 2 (5th - 11th)

    • In Delhi, gold prices were recorded at Rs.3,037 per gram on the 5th and the 6th of June.
    • As demand for the metal went up amidst some weakening of the US dollar, gold prices went up to Rs.3,057 per gram.
    • The 8th, however, saw prices consolidate to bring gold prices down to Rs.3,042 per gram.
    • On 9th, as dollar value picked up, gold prices took a massive hit and dropped by Rs.25 per gram to trade at Rs.3,017 per gram.
    • As demand didn’t from local circles didn’t increase, gold prices went down to Rs.3,007 per gram on the 10th.
    • When the week came to an end on the 11th, gold was still seeing trading at Rs.3,007 per gram as demand was steady.

    June 2017 - Week 3 (12th-18th)

    • On the 12th of June, gold was priced at Rs.3,007 per gram in the capital city of the country. A relatively high demand for this metal was noted from markets in the country and abroad.
    • This demand ensured that the rate of gold was sustained until the 15th of the month.
    • Due to lack of clarity regarding bank issues due to bullion import as a result of GST kept the market on tenterhooks.
    • As the demand for this metal fluctuated, the rate of gold in Delhi reduced on the 16th of June to trade at Rs.2,992 per gram.
    • Demand for this metal further reduced as the week progressed. On the last two days of the week this yellow metal traded steadily at Rs.2,982 per gram.

    June 2017 - Week 4 (19th to 25th)

    • The price of gold in the national capital reflected trends seen in other Indian cities, with the price of gold rising over the course of the week.
    • Gold was priced at Rs.2,982 per gram on 19 June as prices remained unchanged from the previous week.
    • Prices remained constant as demand was stable, as minimal fluctuations resulted in prices being unaffected.
    • Gold rose to Rs.2,987 per gram on 23 June as consumers increased purchases before the onset of the GST tax regime which pushed gold prices higher even though global trends pointed to a decline in the yellow metal’s value.
    • The week ended with gold trading at Rs.2,992 per gram on 25 June, registering an increase of Rs.10 over the week.

    June ’17 – Week 5 (26 to 30)

    • The price of gold in the country’s national capital fluctuated due to demand vagaries as well as geo-political factors.
    • Gold was priced at Rs.3,002 per gram on 26 June, rising marginally due to increased demand.
    • The price fell sharply the following day, with gold trading at Rs.2,972 per gram on 27 June due to a steep drop in demand overseas, which led to a dip in domestic demand as well.
    • Prices began to recover as jewellers increased orders before the advent of GST, which pushed prices to Rs.2,992 per gram on 28 June.
    • Demand was consistent for the remainder of the week, with the price remaining unchanged and resulting in gold ending the month trading at Rs.2,992 per gram on 30 June.
    May 1st Rate Rs.3,011 per gram
    May 31st Rate Rs.2,992 per gram
    Highest Rate in May Rs.3,011 per gram on 1st & 2nd May
    Lowest Rate in May Rs.2,918 per gram from 11th-15th May
    Overall Performance Decline
    Percentage Change -0.63%
    Comparison for 24 K Gold Rates for Delhi April'17

    May 2017 - Week 1 (1st-7th)

    • Due to sustained demand, on the 1st and 2nd of May, gold was priced at Rs.3,011 per gram in Delhi.
    • However, due to falling demand for the safe-haven asset as a result of the U.S. Dollar gaining against the Yen, the rate of gold reduced.
    • Gold traded at Rs.2,982 per gram on the 3rd of May and declined further thereafter.
    • Diminishing yet steady demand for this precious metal resulted in this metal trading at Rs.2,952 per gram from the 4th of May until the very end of the week. Political factors coupled with low demand resulted in a decline of gold rate as the first week of May progressed.

    May 2017 – Week 2 (8th -14th)

    • The national capital’s gold prices echoed trends across the country, with prices falling during the second week of May.
    • Gold traded at Rs.2,942 per gram on 8th May as markets opened strongly following the news of the victory of the centrist candidate Emmanuel Macron in the French presidential election.
    • A decline in industrial demand, both domestically as well as internationally, led to gold prices falling to Rs.2,928 per gram on 10th May.
    • A decline in demand for gold from overseas markets due to the high price of exports led to a further drop in gold prices as the metal traded at Rs.2,918 per gram on 11th May.
    • Gold rate in Delhi remained constant as the week ended on 14th May, as gold registered a decline in price of Rs.24 per gram over the week.

    May 2017 - Week 3 (15th - 21st)

    • National capital Delhi endured a mixed week for gold sales this time due to some domestic concerns.
    • On 15th, gold in Delhi was selling at Rs.2,918 per gram, which then went up to Rs.2,923 per gram on the 16th.
    • The 17th again saw an increase in gold prices, owing to some weakening dollar amidst concerns over President Donald Trump’s meddlesome behaviour.
    • Gold was trading at Rs.2,991 per gram on 18th - an increase of Rs.52 per gram from the previous day’s prices when bullion was selling at Rs.2,939 per gram.
    • The US President’s involvement in influencing federal investigation sent the market into a tizzy.
    • However, after that concerns mellowed down on intensity, gold rates took a hit to go down to Rs.2,977 per gram on the 19th.
    • Rates remained unchanged on the 20th and the 21st as bullion prices consolidated towards the end of May week 3.

    May 2017 – Week 4 (22nd - 28th)

    • Gold was priced at Rs.2,977 per gram on the 22nd of May in the capital city of Delhi. This was due to slightly high demand for this metal from international as well as domestic markets.
    • The price of gold was stable on the 23rd of May in spite of the Manchester blasts with investors staying on the sidelines.
    • This price was witnessed until the 25th of May due to steady demand for gold.
    • However, the rate of gold increased on the 26th of the month due to a fall in the value of the U.S. dollar. In addition to this, there did not seem to chances of the U.S. Fed increasing the rate of interest resulting in relatively high rates of gold.
    • From the 26th to the 28th of May in Delhi, gold traded at Rs.2,992 per gram.

    May ’17 – Week 5 (29th to 31st)

    • Gold prices in the national capital were constant due to minimal fluctuations in demand during the last week of May.
    • Prices were unchanged from the previous week, trading at Rs.2,992 per gram on 29th May as demand was stagnant.
    • Minor market fluctuations did not affect demand, which led to prices being constant as the month ended.
    • Gold traded at Rs.2,992 per gram on 31st May, recording a decline in price by 0.63% over the course of the month.
    April 1st Rate Rs.2,991 per gram
    April 30th Rate Rs.3,011 per gram
    Highest Rate in April Rs.3,068 per gram on the 15th and 16th of April
    Lowest Rate in April Rs.2,983 per gram from the 8th to the 10th of April
    Overall Performance Increase
    Percentage Change 0.66%
    Comparison for 24 K Gold Rates for Delhi March'17

    April 2017 - Week 1 (1st-9th)

    • Gold rate in Delhi in the first week of April were on the rise due to higher purchasing from industrial as well as retail sectors.
    • Rate of gold was Rs.2,991 per gram on the 1st day of the month.
    • As a result of increased demand from both domestic and international markets, the rate of gold was stable at Rs.2,991 per gram until the 3rd of April.
    • As the week continued, the rate of gold continued to rise due to increased offtake.
    • The price of gold in Delhi was Rs.3,003 per gram between the 4th of April to the 7th of April.
    • However, a slight decline was noted in the rate of gold during the last two days of the month with gold trading at Rs.2,983 per gram.

    April 2017 - Week 2 (10th-16th)

    • Barring a single drop midweek, gold prices remained largely on the rise in national capital Delhi.
    • On 10th, gold was priced at Rs.2,983 per gram which then rose by Rs.15 to Rs.2,998 per gram as local demand surged on 11th.
    • The 12th saw the biggest increase in prices as the metal’s rate rose by Rs.38 to trade at Rs.3,036 per gram.
    • However, as demand dipped suddenly on 13th, gold rate in Delhi went down by Rs.20 to Rs.3,016 per gram.
    • The fall, though, was short lived as gold gained by Rs.31 on 14th to bring trading prices up to Rs.3,047 per gram.
    • As demand was on the increase from both domestic and international markets, rates went up again on the 15th, this time to reach Rs.3,068 per gram - Rs.21 per gram increase.
    • On the last day of the week, gold prices in Delhi remained unchanged as it was still seen trading at Rs.3,068 per gram.

    April 2017 - Week 3 (17th-23rd)

    • As a result of steady demand for the yellow metal, the price of gold was relatively stable during the third week of April in Delhi.
    • The price of gold in Delhi was steady at Rs.3,057 per gram from the 17th of April to the 20th of April due to steady and heavy demand for this metal.
    • Gold traded higher in early trade due to increasing tensions in North Korea and Syria, resulting in investors being driven to safe haven assets.
    • However, due to continued geopolitical tensions as well as a steady demand for this metal, the price of gold rose to Rs.3,062 per gram and stayed steady at this rate until the end of the week.

    April 2017 - Week 4 (24th-30th)

    • The price of gold in Delhi during the final week of April was subject to minor fluctuations due to variation in the demand for this metal, among other factors.
    • Gold traded at Rs.3,041 per gram on the 24th of April due to slightly high demand and stayed steady at this price on the 25th as well.
    • However, as week progressed, due to geopolitical factors including Emmanuel Macron’s win in the first round of the French Presidential elections, the rate of gold reduced.
    • Gold traded at Rs.3,011 per gram from the 26th of April until the end of the week due to low but sustained demand.
    • The rate of spot gold had also decreased by 0.7%.
    March 1st Rate Rs.3,009 per gram
    March 31st Rate Rs.2,991 per gram
    Highest Rate in March Rs.3,009 per gram on 1st March
    Lowest Rate in March Rs.2,950 per gram on 15th March
    Overall Performance Decline
    Percentage Change -0.059%
    Comparison for 24 K Gold Rates for Delhi February '17

    March 2017 - Week 1 (1st - 4th):

    • National capital too was hit by the strengthening US dollar.
    • The first of March saw gold trading at Rs.3,009 per gram - a steep decrease from the last day of February.
    • Rates remained the same on 2nd but went down due to tumbling demand to reach Rs.2,990 per gram.
    • Prices were unchanged on 4th as the first week of March ended with the metal trading at Rs.2,990 per gram.

    March 2017 - Week 2 (5th - 11th):

    • National capital Delhi too bore witness some ups and downs in gold rates.
    • On 5th, gold in Delhi was priced at Rs.2,990 per gram and remained unchanged on the 6th.
    • The 7th saw gold rate in Delhi go down to Rs.2,970 per gram but increased to Rs.2,993 per gram on 8th.
    • Rates went down on 9th and 10th for the metal to trade at Rs.2,977 and Rs.2,965 per gram respectively.
    • The last day of week 2 ended on a high as the metal was seen trading at Rs.2,971 per gram.

    March 2017 - Week 3 (12th-18th):

    • De to increased demand from both domestic and international markets, the rate of gold in Delhi during the third week of March was relatively high.
    • The price of gold was Rs.2,971 per gram on the first day of the third week of March.
    • Despite seasonal demand, the price of gold dropped by Rs.20 the next day to trade at Rs.2,951 per gram.
    • The rate of gold continued to fall over the next two days owing to a fall in demand from markets overseas.
    • On the 17th of March, rate of gold recovered marginally to trade at Rs.2,970 per gram.
    • Gold traded at Rs.2,971 per gram on the last two days of the month owing to steady demand from domestic markets.

    March 2017 - Week 4 (19th-25th):

    • Gold prices in national capital Delhi saw some ups and downs over the fourth week of March, which was due to factors like a strengthening dollar and domestic demand.
    • On 20th, gold was trading at Rs.2,976 per gram and continued at the same rate as on 21st as bullion demand didn’t change.
    • The 22nd, gold prices increased by Rs.27 per gram to go up to Rs.3,003 per gram, owing to a sudden surge in domestic demand and a slightly weakening dollar.
    • Gold rates remained the same on 23rd before going down by Rs.10 per gram on 24th to hit Rs.2,993 per gram.
    • The fall in rates can be attributed to the rallying dollar and a slight fall in demand.
    • Rates remained unchanged over the next two days at Rs.2,993 per gram when the week came to an end.

    March 2017- Week 5 (26th-31st):

    • Delhi too followed a similar pattern to that of Mumbai, wherein gold rates didn’t see any change until the last day of the week and month.
    • When trading began on 27th, gold price in Delhi was at Rs.3,003 per gram - a rate which continued on till the closing hours of the 30th.
    • On 31st, gold rate in delhi fell due to a lack of domestic demand to hit Rs.2,991 per gram.
    February 1st Rate Rs.2,978 per gram
    February 28th Rate Rs.3,020 per gram
    Highest Rate in February Rs.3,031 per gram from 25th-27th February
    Lowest Rate in February Rs.2,957 per gram from 4th-6th February
    Overall Performance Incline
    Percentage Change +1.41%
    Comparison for 24 K Gold Rates for Delhi January '17

    February 2017 - Week 1 (1st-4th):

    • In national capital Delhi, there weren’t too many fluctuations to be seen during the first week of February.
    • The 1st began with gold trading at Rs.2,978 per gram and continued at the same rate till the business end of 3rd.
    • Prices, however, nosedived considerably on the 4th as it hit Rs.2,957 per gram - a sharp decrease of Rs.21 per gram.

    February 2017 - Week 2 (5th-11th)

    • Steady demand led to gold prices increasing during the second week of February, trading at Rs.2,957 per gram on 5th February.
    • Prices remained constant for the next day before prices rose to Rs.2,999 per gram on 7th February due to increased demand from investors following uncertainty over U.S. market performance.
    • The price rose to Rs.3,009 per gram on 8th February as domestic demand also rose, with prices remaining constant for the next two days.
    • Market fluctuations resulted in the price falling to Rs.2,983 per gram on 11th February, to record a weekly increase of Rs.26 per gram.

    February 2017 - Week 3 (12th-18th)

    • Fluctuating demand led to gold prices in Delhi gaining ground but dipping as the week ended.
    • Gold traded at Rs.2,983 per gram on 12th February due to declining industrial demand with the price remaining constant on 13th February as well.
    • Gold prices in Delhi fell to Rs.2,973 per gram on 14th February, as retail demand could no longer keep prices stable.
    • Prices rose on 16th February, with gold trading at Rs.2,989 per gram as stock markets dipped, which increased demand for the metal.
    • Gold rose to Rs.3,004 per gram on 17th February on increased demand, but fell to Rs.2,999 per gram on 18th February to record a weekly increase of Rs.16 per gram.

    February 2017 - Weeks 4 & 5 (19th-28th)

    • Demand was more or less stable in Delhi in the last two weeks of February, with gold trading at Rs.2,999 per gram on 19th February on consistent demand from the industrial sector.
    • Fluctuations in the market due to fears of an economic slowdown did not affect prices in the capital.
    • Gold rose to Rs.3,031 per gram on 25th February as markets and currencies fell, raising demand for the yellow metal.
    • Gold prices dropped on the last day of the month to trade at Rs.3,020 per gram on 28th February, registering a weekly increase of Rs.21 per gram and a monthly gain of 1.41%.
    January 1st Rate Rs.2,844 per gram
    January 31st Rate Rs.2,958 per gram
    Highest Rate in January Rs.2,979 per gram on 23rd & 24th January
    Lowest Rate in January Rs.2,844 per gram from 1st-3rd January
    Overall Performance Incline
    Percentage Change +4.00%
    Comparison for 24 K Gold Rates for Delhi December '16

    January 2017 - Week 1 (1st to 7th)

    • National capital also kept up with the onward and upward trend with regards to gold prices.
    • The first day of the year began with gold trading at Rs.2,844 per gram and continued at the same rate for the next two days till the 3rd.
    • On 4th, prices increased by Rs.11 to help the yellow metal trade at Rs.2,855 per gram.
    • The next three days of the week, from 5th to 7th, saw gold prices hold steady to trade at the same rate at Rs.2,866 per gram.

    January 2017 - Week 2 (8th to 15th)

    • Gold prices in the national capital were on the increase due to falling markets and an increase in domestic demand.
    • Gold was priced at Rs.2,866 per gram on 8th January as consumer sentiment was favourable to the metal.
    • Prices rose to Rs.2,888 per gram on 10th January as international demand was also high due to geopolitical factors.
    • U.S markets were shaky as markets braced for changes following Donald Trump taking office, which led to greater demand for gold.
    • Prices rose to Rs.2,909 per gram on 11th January and rose to Rs,2,925 per gram the next day.
    • Gold prices settled at Rs.2,941 per gram on 15th January to record a weekly increase in price of Rs.75 per gram.

    January 2017 - Week 3 (15th to 21st):

    • In national capital Delhi, gold prices seemed to fluctuate quite a bit for most of the week.
    • On 15th, gold was seen trading at Rs.2,941 per gram and increased to Rs.2,952 per gram on the 16th as global demand soared.
    • Prices didn’t change on the 17th as it remained at Rs.2,952 per gram but increased by Rs.21 to hit Rs.2,973 per gram on the 18th.
    • As demand fell gold prices followed suit to decrease considerably.
    • On 19th, gold prices were down by Rs.16 to Rs.2,957 per gram.
    • Prices fell again on the 20th bringing gold trading rates down to Rs.2,952 per gram - a Rs.5 decrease from the previous day.
    • The last day of the week on the 21st came as a much-needed breather as gold prices increased to Rs.2,963 per gram - a change of Rs.11.

    January 2017- Weeks 4 & 5 (22nd to 31st)

    • Gold prices rose in the first few days as demand was high and markets were unstable due to the change of government in the U.S.
    • Gold traded at Rs.2,963 per gram on 22nd January, with the price rising to Rs.2,979 per gram on 23rd January due to a drop in the U.S. Dollar.
    • Prices were fairly stable though they declined gradually for the rest of the week due to lower industrial demand and weak retail demand from Asia.
    • Gold was priced at Rs.2,958 per gram on 31st January as investor demand was muted in anticipation of the U.S. Fed meeting due the next week.

    Gold investments are available for consumers in forms as discussed above which are primarily as physical gold or as gold contracts. While physical gold in Delhi sells mostly in the form of jewelry and ornaments, gold bullions and coins are also quite popular with the residents of the city.

    Physical gold: Gold jewelry is the choice item for people in Delhi. The city has a large number of dealers specializing in gold jewelry and ornaments. Some of the largest gold dealers in the country are based out of Delhi. Gold coins can also be purchased from various banks and private institutions in the city.

    Gold contracts: Gold contracts can be purchased from any of the commodity exchanges operating in India. The contracts are available in differing quantities of gold such as 8 grams, 10 grams, 100 grams or kilos. The contracts can also be purchased for gold of varying purities such as 995 purity and 999 purity.

    Gold is generally sold in units such as grams, sovereign, kilograms, tonnes, troy ounces, metric tonnes etc. The base price of gold is generally calculated for either 1 gram of gold or 10 grams of gold.

    Gold prices often differ in Delhi when compared to other states and cities in the country because of a number of internal and external factors. Some of the factors for this apparent difference are as follows:

    • A number of taxes that are applicable only in the city.
    • Cost of transportation in and around the city.
    • Making charges.
    • Octroi charges, which is basically a charge levied on a variety of goods entering the city, in this instance, gold.

    Importing gold can’t be done by everyone and is only possible for a number of designated importers such as banks, who sell it to various dealers at a margin in order to recoup the money they have spent. These dealers, in turn, sell the gold to retail outlets (goldsmiths), who basically fix a rate depending on the work they have had to carry out.

    The issue of storing gold a few years earlier would have been a problematic thing as crime rates seemed to be high. So, a vast majority of people would choose to keep it in their own locker or in that of a bank. But as times have changed, so have the options for storing gold. For instance, there are plenty of private locker facilities in and around the country, which come with high-tech security features to prevent break-ins from happening. These lockers can be hired by people provided that they pay a subscription charge for a time period as specified by the storage facility.

    There are a number of factors which influence the way gold is priced in the capital city. These may range from small domestic concerns to important international events. Some of the factors are as follows:

    • US Federal Reserve: As gold is traded in dollars, any change to the actual value of the currency will bring about a change in gold prices. For instance, if the Federal Reserve decides to hike its interest rate even by the slightest of margins, gold prices will go up significantly. Basically, any positive or negative development with regards to the US dollar will influence how gold is priced around the world. Central banks from other key countries also play a part in gold prices, however with some of them opting for quantitative easing, chances of a major impact is relatively smaller.
    • Geopolitical concerns: Gold has been lauded as a safe haven by million of investors around the world and rightly so, because people tend to invest in the metal whenever the market turns exceedingly volatile. The reason why markets fluctuate is largely due to geopolitical issues, like for instance, the US attack on Syria. As market thrives on volatility, demand for gold surges when such events occur. Another classic example is of the Lehman Brothers crash, which decimated the world economy in a short span of time. When the crash happened back in 2008, gold price was the first thing that hiked, as compared to other commodities,
    • Local factors: Factors like transportation of gold in and around the city will also determine how gold likely to be priced.

    While it is a popularly held belief that gold investments are often profitable, things aren’t so clear-cut when you consider the returns. When you buy or sell gold, you will also be required to pay taxes. For instance, buyers have to pay sales tax, service tax and the like while the sellers have to pay capital gains tax. Keeping them into account, gold investments for the short term will result in losses than profits. Especially, in the current scenario where gold prices aren’t climbing by much, gold investments just for the sake of getting good returns would be a bad idea.

    However, if you are tempted to buy gold, make sure to do so when the metal is selling at its lowest and sell it when there’s more demand, so as to get positive returns.

    Gold can be purchased in Delhi in various retail outlets like jewellery stores and the like all around the city.Before buying, however, you should compare rates from multiple outlets and also their making charges so that you get the best deal possible.

    There are plenty of ways to track gold rates in Delhi. For instance, you can do so with a broking account, wherein you can track gold future, which gives a clear indication of the path the metal is going to take.Another way to track rates would be through the Multi Commodity Exchange (MCX). If you want simple updates on all things gold, you can check bankbazaar.com’s updates, which are updated on a daily basis.

    Gold Prices in Delhi in 2015

    Gold can be purchased in both 22 karat and 24 karat varieties in Delhi. While 24 karat gold is termed as pure gold, 22 karat gold is also quite popular with residents in Delhi. Price trends for gold in Delhi during this year have been detailed below.`

    • 24 karat gold prices in Delhi

    24 karat gold price per gram at the start of this year was Rs.2,690. Prices increased over the next 3 weeks to reach a peak of Rs.2,859 on 21st January. This was followed by a general slide of gold prices in Delhi over the next two months, before reaching a low of Rs.2,617 on 18th March. Prices then gradually increased over the next two months to peak at Rs.2,791 on 18th May, before ending the month at Rs.2,727.

    • 22 karat gold prices in Delhi

    22 karat gold per gram was priced at Rs.2,516 at the start of the year. Prices peaked at Rs.2,672 on 21st January, before sliding to Rs.2,438 by 18th March. This was followed by a short rally to Rs.2,612 by 18th May, with the month ending at Rs.2,549.

    Also Check Gold Price in NearBy Cities of Delhi

    Gold Rate in Chandigarh Gold Rate in Indore Gold Rate in Jaipur
    Gold Rate in Pune Gold Rate in Ahmedabad Gold Rate In Srinagar
    Also Know: Silver Rate in Delhi

    Read more on Gold

    News About Delhi Gold Rate

    • Gold Prices In Delhi Fall On Poor Local Demand

      Gold prices in New Delhi dropped due to poor demand from retail buyers as well as industry. The yellow metal fell by 0.12%, trading at Rs.29,575 for 10 grams in trading on November 14, 2017. Demand was muted as investors awaited news on the U.S. PPI data as well as increased movement in the dollar trade.

      Silver prices were also on the decline, with the metal trading at Rs.39,803 per kg and recording a loss of 0.27%.

      A stable dollar rate as well as dropping equities could lead to good prospects for gold, with silver also standing to profit from these factors.

      14th November 2017

    • Indian bullion demand expected to surge with arrival of wedding season

      Though demand for the precious metal remained pretty much on the lower side this week, the bullion industry expects gold trade to rebound higher with the imminent arrival of India’s peak wedding season in the coming weeks. Jewellers expect the peak wedding season in the next few weeks to boost demand for the precious metal.

      Gold import norms for jewellery exporters in India were tightened by the government in October, restricting traders from trading the yellow metal in the domestic market. According to dealers, despite a modest demand, the market was on the low as gold imports by jewellery exporters had declined sharply. However, with gold being an essential part of Indian weddings, and many wedding dates in the coming weeks, a renewed demand for bullion is expected.

      17th August 2017

    • Reports show poor gold sales during Diwali

      Diwali in India is often a period where gold sales surge by a significant margin, but according to reports gold sales were on the poor side this year.

      This trend was also seen in most of the Asian markets as well as sales remained on the low despite gold rates being on the subdued side in the international market.

      The main reason for this was the rise in premium for the metal, which rose up to $3 per ounce as opposed to $2 last week. The premium increase was because investors were looking to recover purchases that were made when the rates were higher.

      Daman Prakash Rathod, Director of MNC Bullion, suggested that demand for gold typically remains on the higher side during Diwali, but the same was unusually low this season.

      11th November, 2017

    • September gold imports in India jump 31% on festive demand

      The provisional data from Gold Fields Mineral Services (GFMS) showed September gold imports in India jump 31% from the previous year. Jewellers and investors escalated their purchases, with the imminent arrival of Diwali at the end of this month.

      India, the second biggest consumer in the world could push the global prices higher, which is already trading near their highest price in a week. The high imports could also boost India's trade deficit.

      India imported a total of 48 tonnes in the month of September. Most of the gain was due to Dussehra being celebrated on the 30th of September. However, the total figure of September was 75 tonnes lower than the money average for 2017. This is was due to the buys being wary of purchasing the precious metal as gold purchases were considered Prevention of Money Laundering Act (PMLA).

      10th October 2017

    • Delhi's jewellery hub on a downfall aftermath introduction of demonetisation and GST

      Despite being the festive season, Kucha Mahajani market, the jewellery and gold hub in Delhi is yet to recover after demonetisation and GST implementation. The decline in the Indian economy affected businesses like elsewhere, taking a toll on jobs.

      According to businessmen, the rise in gold tax rate from 1.2% to 3% under the Goods and Services Tax (GST) and a decline in demand for the precious metal has resulted in jewellers being forced to cut jobs of their workers. India’s Gross Domestic Product (GDP) slumped to 5.7% - a three-year low in the first quarter ended June. This led to a rise in unemployment rates in India's jewellery sector.

      The jewellery industry in India is yet to recover after demonetisation, which was announced on 8 November, the previous year.

      4th October 2017

    • Gold imports jumped by 300% in five months

      The price of gold fell as the commodity exchange opened on Monday, 25th September 2017 after poor demand from overseas.

      Gold of 99.9% purity fell to Rs.30,700 for 10 grams in the national capital in trading as demand from jewellers was also on the decline. 99.5% purity gold also fell to Rs.30,550 for 10 grams, a decline of Rs.100 in late trading on Monday.

      Gold futures were also on the decline, with gold for October delivery falling to Rs.29,520 for 10 grams, a loss of 0.22%.

      The hung parliament in Germany led to the Euro falling against the U.S. dollar, which negated gains made by gold earlier in the week.

      25th September 2017

    • Gold imports jumped by 300% in five months

      According to trusted reports, gold imports in the country rose by over 300% from April to August. The commerce ministry, who disclosed the data to the media claimed that India has imported $15.24 billion worth of gold in the last five months.

      The report further said that gold imports were at $5.08 billion for the same period last year. Besides this, the ministry’s report suggested that imports rose to $1.88 billion in August alone compared to $1.11 billion in August 2016-17.

      This increase in imports has also pushed the current account deficit (CAD) between the countries to $11.64 billion this year as opposed to $7.7 billion last year.

      19th September 2017

    • Gold Prices In Delhi Surge Following North Korea’s Nuclear Test

      Gold prices soared after news of North Korea’s nuclear test on Monday, 4th September 2017. The bullion market saw gold rise to Rs.30,600 for 10 grams in early trading on September 4th, 2017 as jewellers and jittery investors increased purchases.

      Silver was also on the rise, with the industrial metal rising by Rs.200 to trade at Rs.41,700 per kg after coin makers and industrial demand increased.Global gold prices also rose by 0.71% with the yellow metal trading at $1,337.80 per ounce in Singapore.

      Gold Prices have rallied following the positive global signals. According to the Delhi bullion market, gold prices have rallied for the day two following the positive global signals that have increased by Rs 200 to Rs 30,400 a ten gram. Gold rose 0.27% to $1,324.40 an ounce and silver by 0.91% to $17.70 an ounce in New York in yesterday’s trade. In Delhi, gold of 99.99% and 99.5% purity increased by Rs 200 each to Rs 30,400 and Rs 30,250 per ten gram respectively.

      At Rs 24,600 per piece of eight of gram, sovereign remain unchanged. Tracking gold, silver increased by Rs 300 to Rs 41,500 a k.g., and weekly-based delivery by Rs. 240 to Rs.40,200 a k.g. At Rs 75,000 for selling and Rs 74,000 for purchasing 100 pieces, silver coins remain unchanged.

      4th September 2017

    • Economic survey suggests 3% GST on gold is too low

      According to an economic survey tabled recently in the parliament, the 3% GST on gold is too low as the precious metal is “disproportionately consumed by the rich”.

      The survey called the ‘Economic Survey Volume -II 2016 -17 was put forth in the parliament by and Chief Economic Advisor Arvind Subramanian put forth his concerns in the article.

      Further, the report suggested that a vast majority of Indians require awareness about tax education and healthcare issues in the country.

      29h August 2017

    • Gold, Silver Rates Fall in Delhi Today

      Bullion prices in Delhi fell today due to a reduction in demand for the precious metals from industry as well as consumers.

      Gold was priced at Rs.29,137 for 10 grams today in New Delhi, falling by 0.09% in early trading on August 24th, 2017.

      Silver prices were also lower, trading at Rs.39,042 per kg, a fall of 0.08% on its price the previous day.

      The renewal of tensions between the United States and North Korea will weigh heavily on demand for gold and silver this week, as a meeting of central bankers gets underway in the United States.

      24th August 2017

    • For more related news /update on gold price visit: Gold News

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