• 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
    20 Apr 2018 ₹ 3,070 ₹ 24,560 ₹ 3,224 ₹ 25,792
    19 Apr 2018 ₹ 3,045 ₹ 24,360 ₹ 3,197 ₹ 25,576
    18 Apr 2018 ₹ 3,045 ₹ 24,360 ₹ 3,197 ₹ 25,576
    17 Apr 2018 ₹ 3,040 ₹ 24,320 ₹ 3,192 ₹ 25,536
    16 Apr 2018 ₹ 3,055 ₹ 24,440 ₹ 3,208 ₹ 25,664
    15 Apr 2018 ₹ 3,035 ₹ 24,280 ₹ 3,187 ₹ 25,496
    14 Apr 2018 ₹ 3,020 ₹ 24,160 ₹ 3,171 ₹ 25,368
    13 Apr 2018 ₹ 3,045 ₹ 24,360 ₹ 3,197 ₹ 25,576
    12 Apr 2018 ₹ 3,015 ₹ 24,120 ₹ 3,166 ₹ 25,328
    11 Apr 2018 ₹ 2,990 ₹ 23,920 ₹ 3,140 ₹ 25,120

    *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 March 2018 Gold Price in Delhi in February 2018 Gold Price in Delhi in January 2018

    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 March 2018
    Graph for Gold Rate (24K) in Delhi March 2018

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

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

    • Demand for gold in the capital city saw some upward movement towards the middle of the first week of April but trade ended flat due to declining demand.
    • The precious metal traded at Rs.3,140 per gram on 1 April and remained constant the next day as demand was stagnant.
    • Gold rate in Delhi jumped to Rs.3,161 per gram on 3 April as demand surged due to a fall in the dollar index, which made gold imports cheaper.
    • Industrial demand overseas also rose, which propped up domestic prices and gave impetus to local industrial demand.
    • A recovering dollar led to equity markets inching higher, as investors lost interest in gold and the gold price in Delhi fell to Rs.3,145 per gram on 4 April.
    • The downward trends continued as retail demand dropped sharply following the end of the wedding season.
    • Gold fell to Rs.3,129 per gram on 6 April as the U.S. Dollar rallied on positive U.S. non-farms data as well as low unemployment figures, which put pressure on gold.
    • With news of additional tariffs being imposed on China, stock markets fell sharply and interest in gold increased, resulting in gold rising to Rs.3,140 per gram on 7 April.

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

    • The week began in Delhi with gold trading at Rs.3,140 per gram.
    • Local demand was largely steady for most of this week and gold prices saw little change for the first four days.
    • From the 8th to the 11th, gold continued to trade at Rs.3,140 per gram.
    • This, however, changed on the 12th as global cues improved amidst the beginning of a war between the US and Syria.
    • Gold rates surged to Rs.3,166 per gram on the 12th before rising to Rs.3,197 per gram the next day.
    • Even though gold demand was high in the international market, rates dropped in Delhi owing to saturated demand.
    • On the 14th, the yellow metal traded at Rs.3,171 per gram before rising to Rs.3,187 per gram the next day.
    • The rise on the last day of this week was due to the combined strikes on Syria by the US, France and England.

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

    Parameters Gold price (24 karat)
    Gold Rate on 1st March 2018 Rs.3,113 per gram
    Gold Rate on 31st March 2018 Rs.3,134 per gram
    Highest Rate in March Rs.3,171 per gram on 25 and 26 March
    Lowest Rate in March Rs.3,098 per gram on the 19 and 20 March
    Overall Monthly Performance Incline
    Percentage Change 0.67%
    Comparison for 24 K Gold Rates for Delhi February 2018
    Graph for Gold Rate (24K) in Delhi February 2018

    March 2018 - Week 1 (1 - 5):

    • The price of gold was recorded at Rs.3,108 per gram on 1 March in Delhi, as there was no significant change in demand as the month began.
    • Gold price in Delhi rose sharply to trade at Rs.3,134 per gram on 3 March as equity markets across the world were thrown into chaos over the surprise announcement of the imposition of import tariffs on aluminium and steel in the U.S.
    • Local demand rose marginally as the Dollar fell heavily, making gold imports cheaper.
    • An increase in gold imports in China also kept prices stable, with a few minor fluctuations recorded over the week.
    • Gold traded at Rs.3,129 per gram on 5 March as prices began to regularise following the sudden spike.

    March 2018 - Week 2 (5-11):

    • Gold was seen trading at Rs.3,129 per gram when trading began in Delhi for the second week of March.
    • Due to a strong dollar performance, gold rates dropped by Rs.10 and the metal traded at Rs.3,119 per gram on the 6th of March.
    • As the US dollar weakened, gold rates surged to Rs.3,a40 per gram on the 7th before dropping back to Rs.3,129 per gram on the 8th. The fall happened as the dollar bounced back while demand seemed to saturate.
    • The 9th saw gold rates drop again to Rs.3,113 per gram as investor sentiment remained quite weak.
    • With the US dollar seeing a decline amid poor wage gains, gold rates went back up to Rs.3,134 per gram on the 10th of March.
    • The week ended with gold still trading at Rs.3,134 per gram.

    March 2018 - Week 3 (12 - 18):

    • When trading began in Delhi, the bullion prices were recorded holding at Rs.3,134 per gram on the 12th with steady domestic demand amid firm trend overseas.
    • With the US dollar index rising against other apex currencies ahead of the US consumer price report, prices plunged to Rs.3,124 per gram on the 13th.
    • Rates remained unchanged at Rs.3,124 per gram the next day with steady domestic demand from local jewellers and retailers despite the poor trends overseas.
    • The 15th saw gold prices in Delhi edging higher to Rs.3,129 per gram with trade war concerns weighing on stock markets.
    • However, with the dollar strengthening amid expectations over a possible interest rate hike by the Federal Reserve next week, gold rates dropped to Rs.3,119 per gram on the 16th.
    • With markets bracing for the first interest rate hike this year, the US dollar rose further. This led to the bullion prices plunging to Rs.3,103 per gram the following day.
    • The week came to an end with gold rates in Delhi holding firm at Rs.3,103 per gram on the 18th with reduced local demand amid the weak trends overseas.

    March 2018 - Week 4 (19 - 25):

    • Gold was priced at Rs.3,098 per gram when trading opened in Delhi on 19 March as prices showed minor dips due to demand vagaries.
    • Gold price in Delhi jumped in a single day as the metal climbed to Rs.3,113 per gram on 20 March following a drop in the dollar value, which spurred greater demand for bullion.
    • Prices dropped marginally as local demand fell, but global demand for the metal was high as investors were jittery ahead of the Fed meeting on monetary policy.
    • Fewer interest rate hikes caused consternation among investors, which led to a market slump and increased interest in gold.
    • The gold traded at Rs.3,134 per gram on 22 March and rose to Rs.3,171 per gram on 24 March as demand for gold continued to climb.
    • Higher demand from Asian markets as well as generally poor equity results led to gold becoming a more attractive investment option.
    • The week ended with gold rate in Delhi at Rs.3,171 per gram on 25 March, as market conditions and a low dollar rate helped keep prices stable.

    March 2018 - Week 5 (26 - 31):

    • The bullion trade opened in Delhi with the metal trading strong at Rs.3,171 on the 26th with gold holding its five-week high from the previous session amid possible trade war fears.
    • However, with the trade war being diverted following negotiations between the US and China, the US dollar surged. This led to gold rates plummeting to Rs.3,161 per gram on the 27th.
    • The dollar index lost against a basket of currencies with tensions rising between the US and Russia the next day. This led to gold price in Delhi rising to Rs.3,166 per gram on the 28th.
    • Firm trends overseas coupled with steady demand led to bullion prices remaining untouched at Rs.3,166 per gram on the 29th.
    • The dollar, however, regained lost ground despite a drop in equities amid the US-China stand-off and gold was priced at Rs.3,134 per gram on the 30th.
    • The week ended with the precious metal trading firm at Rs.3,134 per gram on account of a subdued but steady domestic demand from local jewellers, retailers and industries.
    • Gold rates in Delhi surged by 0.67% due to the firm trends overseas that pushed demand higher during the month.

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

    Parameters Gold price (24 karat)
    Gold rate on 1st February 2018 Rs.3,077 per gram
    Gold rate on 28th February 2018 Rs.3,129 per gram
    Highest Rate in February Rs.3,161 per gram on 17 and 18 February
    Lowest Rate in February Rs.3,035 per gram on 9 February
    Overall Monthly Performance Incline
    Percentage Change 1.68%
    Comparison for 24 K Gold Rates for Delhi January 2018
    Graph for Gold Rate (24K) in Delhi January 2018

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

    • The bullion trade in Delhi opened with gold priced at Rs.3,077 per gram on the 1st with steady demand from local jewellers, retailers and industries.
    • Despite the well performing US dollar and rising equities, gold rate in Delhi remained unchanged throughout the week.
    • Gold price in Delhi remained unchanged at Rs.3,077 per gram on the 2nd and 3rd with stable domestic demand for the precious metal.
    • The rising dollar rates didn’t seem to have any effect on the demand in Delhi. The bullion was trading steady at Rs.3,077 per gram on the 4th when the week ended.

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

    • Gold rate in Delhi declined gradually from most part of the week due to poor local demand.
    • When the week began, gold was priced at a respectable Rs.3,082 per gram. But, as domestic demand was weak, gold prices went down to Rs.3,066 per gram the next day.
    • Over the 7th and the 8th of February, gold traded at Rs.3,066 per gram as a weak dollar had a bullish effect on trading.
    • The 9th saw gold price in Delhi drop to Rs.3,035 per gram as a strong dollar influenced the sentiments of local investors.
    • The 10th witnessed a surge in local demand, which led to a Rs.15 increase in prices and the metal traded at RS.3,050 per gram.
    • WIth the demand continuing to remain steady, gold rates rose again on the 11th and gold was seen selling at Rs.3,056 per gram on the final day of the week.

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

    • In Delhi, the bullion was recorded trading at Rs.3,056 per gram on the 12th amid the declining US dollar index and equities ahead of the US inflation data later during the week.
    • With investors and traders watching out for the data for clues on the pace of the US interest rate hikes, prices surged to Rs.3,087 per gram on the 13th.
    • On the 14th, gold price in Delhi were recorded holding at Rs.3,098 per gram with an increase in domestic demand from local jewellers, industries and retailers amid the firm trend overseas.
    • Gold rate in Delhi rose marginally to Rs.3,103 per gram on the 15th before surging to Rs.3,140 per gram on the 16th with the US dollar index losing considerably against other apex currencies.
    • The 17th witnessed prices remaining untouched at Rs.3,140 per gram owing to the steady demand brought about by the firm trend overseas.
    • The week came concluded with the precious metal priced at R.3,161 per gram on the 18th after local demand spiked amid the strong global cues.

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

    • Gold rate in Delhi were affected by the dominant performance put up by the US dollar this week.
    • On the 19th of February, gold was priced at Rs.3,161 per gram in the national capital. This dropped to Rs.3,150 per gram the next day as the US dollar recorded an improvement after consistently underperforming over the previous few outings.
    • Buoyed by the unveiling of the upcoming Fed Reserve minutes, the greenback strengthened its hold against a basket of major currencies. This caused gold price in Delhi to plummet to Rs.3,134 per gram as demand declined.
    • The 23rd again saw rates drop - this time to Rs.3,119 per gram - as a rising dollar contributed to poor gold sales.
    • However, a rise in demand was witnessed on the 24th, which led to gold trading at Rs.3,124 per gram on the 24th of February.
    • With demand remaining steady, gold continued to trade at Rs.3,124 per gram till the end of the week.

    February 2018 - Week 5 (26th - 28th)

    • The final week began in Delhi with the bullion priced at Rs.3,124 per gram on the 26th following a steady demand from local jeweller, retailers and industries.
    • On the 27th, gold rate in Delhi rose to Rs.3,134 per gram with investors awaiting Fed Chairman Jerome Powell’s first congressional speech to the nation.
    • The month came to an end with gold prices plunging to Rs.3,129 per gram on the 28th after the US dollar rose against a basket of other emerging currencies in the global trade.
    • Gold price in Delhi rose by 1.68% owing to the strong trends overseas that pushed demand higher for the metal during the month.

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

    Parameters Gold price (24 karat)
    Gold Rate on 1st January 2018 Rs.3,010 per gram
    Gold Rate on 31st January 2018 Rs.3,066 per gram
    Highest Rate in January Rs.3,115 per gram on 15, 16, 20 and 21 January
    Lowest Rate in January Rs.3,010 per gram 1 and 2 January
    Overall Monthly Performance Incline
    Percentage Change 1.86%
    Comparison for 24 K Gold Rates for Delhi December 2017
    Graph for Gold Rate (24K) in Delhi December 2017

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

    • The national capital saw gold rate in Delhi start on a subdued note due to poor initial demand.
    • When the new year began, the yellow metal was priced at Rs.3,010 per gram. Due to very little fluctuation in the local market, gold rate in Delhi continued at Rs.3,010 per gram on the 2nd of the month.
    • As gold hit near four-month highs amid a poor dollar, prices went up to Rs.3,045 per gram on the 3rd of January. Various reports doing the rounds suggested that “today’s gold rate” was affected by gold trading in the $1,310 per ounce range, the highest since September 2017.
    • After news of the payrolls data in the US broke out, the bullion market eased a little. This was why gold rates fell to RS.3,030 per gram on the the 4th.
    • But, as markets concluded that the data showed some below par performance, gold rates went back up to Rs.3,045 per gram on the 5th.
    • This then surged to Rs.3,050 per gram on the 6th and continued on till the end of the week.

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

    • The week began with gold being priced relatively lower at Rs.3,045 per gram due to a decline in demand from local jewellers, retailers and industries from the previous week.
    • The 9th, however, saw gold prices recovering to Rs.3,051 per gram after the US dollar lost its ground against a basket of other major emerging currencies.
    • Though gold rate in Delhi plunged to Rs.3,041 per gram on the 10th amid poor domestic demand, prices rebounded to Rs.3,061 per gram the next day after equity markets weakened following the slump in the US dollar.
    • Strong global trends coupled with an increased local demand for the metal led to gold price in Delhi surging to Rs.3,078 per gram on the 12th.
    • The 13th recorded gold trade in Delhi hitting their highest since September at Rs.3,099 per gram after the continued poor performance of the dollar led to a decline in equities market.
    • A positive trend overseas coupled with strong demand resulted in the week concluding with gold holding steady at Rs.3,099 per gram on the 14th.

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

    • When trading began for the week in Delhi, gold was priced at Rs.3,099 per gram.
    • As the global market began to see increased sales, gold rate in Delhi surged for the metal to trade at Rs.3,115 per gram on the 16th of January.
    • The yellow metal’s rates continued to remain at Rs.3,115 per gram on the 17th as well before an improvement in the dollar index caused bullion demand to subside.
    • On the 18th and the 19th, gold traded at Rs.3,095 per gram as a rising dollar was assisted by positive returns from the treasury yields.
    • However, this low demand couldn’t be sustained for long as news about a government shutdown cause gold rates to rise significantly the next day.
    • Gold price in Delhi surged by Rs.20 for the metal to trade at Rs.3,115 per gram over the final two days of the week.

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

    • Gold rate in Delhi bore witness to marginal increase over the first two days but surged massively as an underperforming dollar pushed rates up.
    • On the 22nd of Delhi, gold was priced at Rs.3,056 per gram. As demand from local circles increased amid a weak dollar, gold prices surged to Rs.3,066 per gram the next day.
    • A strong overseas demand coupled with a significant rise in local purchases pushed gold rate in Delhi up to Rs.3,108 per gram on the 24th of January.
    • The reason behind this sudden rise was the underperforming US dollar and a rapidly increasing international sales.
    • However, demand for the metal slowed down in Delhi, which caused gold price to hold at Rs.3,108 per gram for the remainder of the week, i.e., from the 26th to the 28th of the month.

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

    • The final week of trading in Delhi for the month opened with gold rates declining to Rs.3,077 per gram on the 29th with the US dollar regaining lost ground and strengthening equities.
    • On the 30th, gold rate in Delhi plunged to Rs.3,066 per gram with the US dollar edging higher amid the rising US bond yields.
    • Steady local demand despite the poor trend overseas led to gold prices remaining unchanged at Rs.3,066 per gram until the end of the month.
    • Gold price in Delhi rose by 1.86% due to the poorly performing US dollar and equities that pushed demand higher for the metal during the month.
    Comparison for 24 K Gold Rates for Delhi November 2017
    Graph for Gold Rate (24K) in Delhi November 2017
    Parameters Gold price (24 karat)
    Gold Rate on 1st December 2017 Rs.3,016 per gram
    Gold Rate on 31st December 2017 Rs.3,020 per gram
    Highest Rate in December Rs.3,036 per gram from 2 to 4 December
    Lowest Rate in December Rs.2,910 per gram on 11 to 13 December
    Overall Monthly Performance Incline
    Percentage Change 0.13%

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

    • The month began in Delhi with the precious yellow metal priced relatively lower at Rs.3,016 per gram as the safe-haven metal lost its appeal after the release of an optimistic US economic data resulted in a stronger dollar and firmer equities.
    • However, the dollar weakened after the Republican tax reform to overhaul the country’s tax system was stalled by the US Senate. This led to gold price in Delhi picking up to Rs.3,036 per gram on the 2nd.
    • Steady local demand coupled with a strong trend overseas led to gold rates remaining untouched at Rs.3,036 per gram over the next couple of days.
    • With investors focusing on the non-farm payrolls during the week and also the much awaited US Federal Reserve meeting next week, the dollar gained against other apex currencies. This led to rates plunging to Rs.2,998 per gram and 2,988 per gram on the 5th and the 6th.
    • Gold rate in Delhi dropped further to Rs.2,983 per gram on the 7th before hitting its lowest level of Rs.2,950 per gram on the 8th. This was due to the US Senate’s decision to set aside their internal differences narrowly voted to clear the landmark tax bill, boosting investor sentiments.
    • The rest of the week witnessed the precious metal trading slightly higher at Rs.2,955 per gram with a marginal increase in demand amid the ongoing wedding season.

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

    • In Delhi, when trade exchanges opened for the week, the yellow metal was priced at Rs.2,940 per gram.
    • Due to demand hovering 5-month lows, gold rate in Delhi were still holding at Rs.2,940 per gram on the 12th and the 13th of December.
    • News about a crashing dollar had positive impact on gold and the metal’s rates went up to Rs.2,960 per gram on the 14th of December.
    • The same demand couldn’t be sustained for longer periods of time. This led to gold price in Delhi dropping down to Rs.2,945 per gram the next day.
    • On the 16th, the metal’s rates pushed up to Rs.2,955 per gram and continued at the same rate till the end of the week.

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

    • In Delhi, gold opened trading at Rs.2,950 per gram on the 18th with a relatively lower demand for the metal amid the firm equity markets and stronger dollar value.
    • But with investors analysing the ultimate outcome of the US tax system overhaul on the country’s economic growth, the dollar lost its ground against a basket of emerging currencies.
    • Gold rate in Delhi were recorded at Rs.2,960 per gram on the 19th which continued on to the next day amid the strong trends overseas.
    • Though the gold price in Delhi surged to Rs.2,965 per gram on the 21st with the Asian markets muted by the US tax reforms, the dollar soon regained its lost sheen with firmer equities and gold was trading at Rs.2,960 per gram on the 22nd.
    • Positive trends overseas coupled with increased global demand resulted in the precious metal being priced at Rs.2,985 on the 23rd and the 24th.

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

    • In Delhi, gold rates increased gradually over the first four days of the week before consolidating for the remaining few days.
    • On the 25th of December, the yellow metal was priced at Rs.2,975 per gram. Rates went up to Rs.2,985 per gram as there was a surge in international demand.
    • Gold prices surged again to Rs.2,995 per gram on the 27th of the month, as gold was seen hitting the $1,300 and above mark in the global market.
    • Rates went up again on the 28th to Rs.3,015 per gram as a weak US dollar pushed gold to hit four-week high prices.
    • As demand toned down a little, the yellow metal traded at Rs.3,020 per gram on the 29th of the month.
    • The last two days of December saw gold rates remain at Rs.3,020 per gram as local demand remained steady despite there being a surge globally.
    Parameters Gold price (24 karat)
    Gold rate on 1st November 2017 Rs.3,006 per gram
    Gold rate on 30th November 2017 Rs.3,026 per gram
    Highest Rate in November 2017 Rs.3,060 per gram from 18 to 20 November
    Lowest Rate in November 2017 Rs.3,006 per gram on 1 November
    Overall Monthly Performance Incline
    Percentage Change 0.66%
    Comparison for 24 K Gold Rates for Delhi October 2017

    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.

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

    • Gold opened at Rs.3,045 per gram when the fifth week of November began in Delhi.
    • Gold rate in Delhi dropped to Rs.3,040 per gram the next day because of a poor demand brought about by the Fed chair speech. Rates dropped all over the the world and consequently in India as well.
    • A steady demand saw gold price in Delhi remain at Rs.3,040 per gram on the 29th of the month.
    • The final day of this week saw a significant decrease in gold rates with the metal’s rates falling by nearly Rs.20 to trade at Rs.3,026 per gram.
    • The main reason for this drop was the positive data from the US stock market.
    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.
    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.

    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

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

    News About Delhi Gold Rate

    • Gold Crosses Rs.32,000 Mark On Increased Domestic Demand

      Gold prices surged by Rs.300 to cross Rs.32,150 for 10 grams in New Delhi on Thursday, 12th April, 2018 as jewellers increased demand for the precious metal. In spite of a decline in international demand for gold, local prices were high as jewellers raised orders to meet rising retail demand.

      Spot gold of 99.9% purity traded at Rs.32,150 for 10 grams on the commodity market, while gold of 99.5% purity traded at Rs.32,000 for 10 grams on 12th April, 2018.

      International spot gold fell by 0.2% to trade at $1,350.70 per ounce as the possibility of faster interest rate hikes in the U.S. buoyed stock markets.

      Silver prices also saw an increase, with the industrial metal trading at Rs.40,000 per kg after prices rose by Rs.240 during the day’s trade on Thursday.

      12 April 2018

    • Gold Prices Surge On Strong Local Demand

      Demand for gold in New Delhi rose on increased demand by local jewellers as international trends also saw a rise in demand for the metal.

      Gold prices rose by Rs.300 to trade at Rs.31,850 for 10 grams in trading on 11th April, 2018 as global cues were also positive. The dollar index dropped to near two-week lows, which led to increased orders as jewellers catered to a rise in retail demand.

      Silver prices also rose, trading at Rs.39,760 per kg the same day as industrial offtake increased due to favourable market conditions. Weekly based silver delivery rose by Rs.330 to close at Rs.38,775 per kg as coin makers also increased offtake due to the low dollar rate.

      Silver coins did not see any change in price, continuing to trade at Rs.74,000 for buying and Rs.75,000 for selling (per 100 pieces).

      11 April 2018

    • Gold Futures in Delhi Dip On Poor Global Demand

      Gold futures slipped lower by 0.04% in trading at the Multi Commodity Exchange on weak global cues. Gold futures for June 2018 delivery traded at Rs.30,682 for 10 grams on the exchange today for 985 lots.

      A weak overall trend for gold saw spot gold prices also drop across the world. Spot gold fell by 0.20% to trade at $1,330.70 per ounce in Singapore today, April 9th, 2018.

      9 April 2018

    • Gold Rallies On Jeweller Demand, Global Cues

      Gold prices rose in New Delhi today, buoyed by strong demand from local jewellers. The yellow metal rose by Rs.110 to trade at Rs.31,460 for 10 grams on 2nd April 2018, as a firm overseas trend due to an easing by the U.S. Dollar. The possibility of a trade war with China led to global gold prices rising, with spot gold rising by 0.44% to trade at $1,330.80 per ounce. Silver prices also rose by 0.55% to trade at $16.44 per ounce. Silver prices in New Delhi today rose by Rs.175 to trade at Rs.39,375 per kg. There was no change in the price of silver coins, which continued to trade at Rs.74,000 for 100 pieces.

      4 April 2018

    • Gold Prices Steady Despite Escalation Of US-China Trade Tensions

      Despite rising trade tensions between the US and China, gold prices were steady in early Asian trade on Wednesday even as the dollar eased. Spot gold remained unchanged at $1,332.55 in the previous session, while the US gold futures eased 0.1% to $1,336.30 an ounce. The US dollar index, which is measured against six main rivals, was down by 0.1% at $90.140.

      On Tuesday, the US administration increased the stakes in an escalating trade tensions with China by announcing 25% tariffs on about 1,300 industrial technology, transport and medical products in an effort to force change in Beijing’s intellectual property practices.

      China’s commerce ministry reacted strongly to the proposed increase in the U.S. tariffs amid escalating trade tensions between the two countries.

      4 April 2018

    • Gold Prices in Delhi Rise on Positive Cues and Demand From Jewellers

      Gold prices in New Delhi rose on the back of positive global trends. The precious metal traded at Rs.31,950 for 10 grams on 27th March, 2018. This was a rise of Rs.150 as global demand rose on positive cues for the metal. Gold of 99.9 purity also rose by the same margin, trading at Rs.31,800 for 10 grams.

      Silver prices also saw a rise in price, with the industrial metal’s price rising by Rs.250 to trade at Rs.39,750 per kg as industrial offtake rose.

      A weak dollar resulting in higher demand for imports was attributed to the rise in price. However, the easing of tensions between the United States and China dampened down the rate of rise in the metal.

      On the international market, spot gold rose by 0.48% to trade at $1,353.90 per ounce while silver rose by 0.85% to trade at 16.67 per ounce.

      27 March 2018

    • Gold Prices Rise On Fears Of Global Trade War

      The price of gold rose to a near five-week high as fears of a trade war between China and the United States led to investors seeking gold as a hedge against equities.

      Spot gold in the United States rose by 0.3% to trade at $1,350.76 per ounce at its peak. However the gains gold made in the previous week, rising 2.6% outweigh most recent rises in price.

      Meanwhile Asian stocks fell sharply over fears of how the recent tariffs would impact Asian markets and economies.

      26 March 2018

    • Gold rates fall on subdued demand

      The bullion trade in New Delhi witnessed gold prices dropping by Rs.40 to Rs.31,350 per 10 grams on Wednesday following a decline in demand from local jewellers, retailers and industries despite a positive trend overseas. In line with gold, silver also softened by Rs.150 to Rs.39,000 per kg after a decline in offtake by coin manufacturers and industrial units.

      However, sovereign prices remained untouched at Rs.24,800 per unit of eight grams. Gold of 99.5% and 99.9% purity both dropped by Rs.40 to trade at Rs.31,350 per 10 grams and Rs.31,200 per 10 kg respectively in the national capital. However, silver coins continued to be priced at Rs.74,000 for selling and Rs.73,000 for purchasing of 100 units.

      21 March 2018

    • Gold Loses Sparkle As Demand Drops

      Demand for gold in New Delhi was on the decline as the week began, with gold trading at Rs.31,180 for 10 grams due to weak demand and poor local demand from jewellers.

      Silver was also on the decline, with the industrial metal trading Rs.150 lower on the bourses to record a price of Rs.38,950 per kg. Reduced offtake by industrial units coupled with weak demand by coin makers also led to a drop in the price of the metal.

      Sentiment for gold turned bearish as the dollar strengthened ahead of the U.S. Federal Reserve meeting and a possible rate hike.

      Gold prices in Singapore also fell, with the metal trading at $1,309.30 per ounce which was a drop of 0.33%.

      Silver prices also dropped by 0.61% to trade at $16.23 per ounce in Singapore.

      19 March 2018

    • Gold rates decline with reduced demand amid poor global trends

      Gold rates plunged to Rs.31,450 per 10 grams - a decline in Rs.220 per 10 grams - on Thursday after a poor trend overseas resulted in subdued demand from local jewellers and retailers at dominant levels. In New Delhi, gold of 99.9% and 99.5% purity dropped by Rs.220 each to record trading at Rs.31,450 per 10 grams and Rs.31,300 per 10 grams respectively. Silver rates also plummeted by Rs.400 to Rs.39,500 per kg following a decline in offtake by coin manufacturers and industrial units.

      8 March 2018

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