Gold Rate In Delhi Today

Today's gold rate in Delhi:

  • 10g of 24K gold is 41,420 Indian Rupee
  • 10g of 22K gold is 39,450 Indian Rupee
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  • Today's Gold Rate in Delhi ( 27 Jan 2020 )
    ₹ 3,945
    Today's Gold Rate (22K) per gram
    Compare Gold Rate In Delhi (Today & Yesterday)
    Today
    (27 Jan 2020)
    Yesterday
    (26 Jan 2020)
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 3,945 ₹ 3,945 ₹ 0 ↑
    Standard Gold (22 K) ( 8 grams ) ₹ 31,560 ₹ 31,560 ₹ 0 ↑
    Pure Gold (24 K) ( 1 gram ) ₹ 4,142 ₹ 4,142 ₹ 0 ↑
    Pure Gold (24 K) ( 8 grams ) ₹ 33,136 ₹ 33,136 ₹ 0 ↑
    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    27 Jan 2020 ₹ 3,945 ₹ 31,560 ₹ 4,142 ₹ 33,136
    26 Jan 2020 ₹ 3,945 ₹ 31,560 ₹ 4,142 ₹ 33,136
    25 Jan 2020 ₹ 3,895 ₹ 31,160 ₹ 4,090 ₹ 32,720
    24 Jan 2020 ₹ 3,895 ₹ 31,160 ₹ 4,090 ₹ 32,720
    23 Jan 2020 ₹ 3,885 ₹ 31,080 ₹ 4,079 ₹ 32,632
    22 Jan 2020 ₹ 3,920 ₹ 31,360 ₹ 4,116 ₹ 32,928
    21 Jan 2020 ₹ 3,900 ₹ 31,200 ₹ 4,095 ₹ 32,760
    20 Jan 2020 ₹ 3,880 ₹ 31,040 ₹ 4,074 ₹ 32,592
    19 Jan 2020 ₹ 3,880 ₹ 31,040 ₹ 4,074 ₹ 32,592
    18 Jan 2020 ₹ 3,880 ₹ 31,040 ₹ 4,074 ₹ 32,592

    Weekly & Monthly Graph of Gold Rate in Delhi

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    *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

    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 rate 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.

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

    Parameters Gold price (24 karat)
    January 1 Rate Rs.3,995 per gram
    January 19 Rate Rs.4,074 per gram
    Highest Rate in January Rs.4,211 per gram on 9 January
    Lowest Rate in January Rs.3,995 per gram on 1 January
    Overall Performance Decline

    January 2019 - Week 1(01 - 05):

    • Due to geopolitical tensions and the value of the dollar decreasing in the market, gold prices saw a positive trend in the first week of the month, year and decade. Opening on 1 January at Rs.3,995 per gram, the price of the metal was steady compared to last month’s closing.
    • The price of the metal increased to Rs.4,011 per gram on 2 January amidst a soft dollar which increased the value of the rupee. Due to this, the value of the metal increased as well in the market. On 3 January, the price of the metal fell marginally to Rs.4,001 per gram.
    • However, on 4 January, gold prices showed a rise in prices again due to the escalating tensions between the United States of America and Iran due to the drone strike by the former. On 5 January, the price of the metal was Rs.4,111 per gram and closed the week at the same.

    January 2019 - Week 2(06 - 12):

    • As tensions between the United States of America and Iran increased, the price of gold saw a fluctuating trend in the second week of the month. Opening the week at Rs.4,111 per gram without any change from last week’s closing, gold prices increased Rs.4,179 per gram as investors awaited on President Trump’s reaction to Iran’s strike on the United States Military facility.
    • As speculations persisted, the price of the metal dipped marginally to Rs.4,121 per gram on 8 January as the market awaited on further developments. However, the price of the metal, despite weak global trends hit its monthly high on 9 January at Rs.4,211 per gram in the capital.
    • However, in the second half of the week, the price of the metal began to fall. As President Trump decided not to escalate the tensions further, investors shifted back to the markets for their investments. The demand for gold dipped in the global market and closed the week at Rs.4,095 per gram.

    January 2019 - Week 3(13 - 19):

    • A number of factors resulted in the constant fluctuations in gold prices in the nation’s capital, New Delhi. The metal opened the third week of the month at Rs.4,095 per gram on 13 January. The price of the metal slipped marginally to Rs.4,074 per gram on 14 January as investors awaited on the signing of the interim trade deal between the United States of America and China. The investors shifted to the stock market with an increased risk appetite, shifting the focus away from the bullion.
    • The price of the metal dipped to its weekly low on 15 January as the two countries sign the much-awaited Phase 1 trade deal. Gold prices on the day were Rs.4,037 per gram. However, prices increased marginally to Rs.4,064 per gram on 16 January as investors speculated the further developments on the trade deal regarding many unresolved issues such as tariffs on Chinese goods.
    • For the rest of the week, gold prices held steady amidst geopolitical factors such as the drone strike in Yemen which resulted in the death of more than 100 soldiers. Apart from that, strong economic data in the United States also kept gold prices at bay. At the end of the week, the metal closed at Rs.4,064 per gram.

    Trend of Gold Rate in Delhi for December 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    December 1 Rate Rs.3,906 per gram
    December 29 Rate Rs.3,885 per gram
    Highest Rate in December Rs.3,927 per gram on 5 December
    Lowest Rate in December Rs.3,848 per gram on 14 December
    Overall Performance Decline

    December 2019 - Week 1 (1 – 8):

    • Gold prices in Delhi witnessed a declining trend in the first week of December. The rates opened the week at Rs.3,906 per gram.
    • The rates declined in the first four day of the week as there were flipping reports on the US – China trade deal. However, with the US president stating that the talks were going in the right direction, the rates jumped to Rs.3,927 per gram on 5 December.
    • Gold closed the week at Rs.3,875 per gram in the national capital. This was the lowest recorded price for the fuel in the first week.

    December 2019 - Week 2 (9 - 15):

    • In Delhi, gold opened the second week of December at Rs.3,875 per gram. Compared to the previous week’s closing price, the rates of the yellow metal didn’t see any change.
    • Gold prices climbed on 13 December as the metal’s safe-haven appeal was boosted due to the political uncertainties in the world’s biggest economy. Gold was at its highest level for the week with every gram costing Rs.3,869.
    • The rates of gold closed the second week at Rs.3,885 per gram in Delhi. The overall performance of the precious metal in the national capital was trending downwards.

    December 2019 - Week 3 (16 - 22):

    • In Delhi, gold was priced at Rs.3,885 per gram opening the third week of the month at an unchanged price compared to last week’s closing. In this week, gold prices saw a marginal increase due to various global factors which included trade tensions between the United States of America and China.
    • After dipping marginally on 17 December by Rs.10 per gram, gold prices increased to Rs.3,896 per gram on 19 December as the United States House of Representatives voted to impeach President Trump on the charges of abuse of power and obstruction.
    • The price of the metal fluctuated through the rest of the week and closed at Rs.3,901 per gram as investors awaited further clarity on the trade deal between the two economic superpowers.

    December 2019 - Week 4 (23 - 29):

    • In Delhi, gold was priced at Rs.3,885 per gram opening the third week of the month at an unchanged price compared to last week’s closing. In this week, gold prices saw a marginal increase due to various global factors which included trade tensions between the United States of America and China.
    • After dipping marginally on 17 December by Rs.10 per gram, gold prices increased to Rs.3,896 per gram on 19 December as the United States House of Representatives voted to impeach President Trump on the charges of abuse of power and obstruction.
    • The price of the metal fluctuated through the rest of the week and closed at Rs.3,901 per gram as investors awaited further clarity on the trade deal between the two economic superpowers.

    Trend of Gold Rate in Delhi for November 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    November 1 Rate Rs.3,938 per gram
    November 30 Rate Rs.3,869 per gram
    Highest Rate in November Rs.3,974 per gram on 3 and 4 November
    Lowest Rate in November Rs.3,869 per gram on 29 and 30 November
    Overall Performance Decline

    November 2019- Week 1 (01-03):

    • The price of gold in Delhi saw an upward trend opened the month at Rs.3,938 per gram as factory data in China showed positive signs which resulted in investors shifted to the market.
    • On 2 November, the price of the precious metal remained steady at Rs.3,938 per gram due to positive signs in the United States’ job data. The applications for unemployment benefits in the United States showed a considerable increase.
    • However, on 3 November, the price of the metal increased to hit its weekly high at Rs.3,974 per gram due to increased local demand.

    November 2019- Week 2 (04-08):

    • After opening the month at Rs.3,938 per gram, gold prices in Delhi showed a declining trend in the second week of October. The price of the metal increased to Rs.3,974 per gram on 4 November due to a weak U.S. dollar value in the market.
    • However, on 5 November, gold prices decreased to Rs.3,969 per gram and further decreased to Rs.3,964 per gram on 6 November due to renewed trade deal optimism between China and the United States of America.
    • As risk appetite increased based on the positive cues of the trade talks, investors shifted to the market with their investments. Gold prices decreased further on 7 November to hit the monthly low at Rs.3,922 per gram, closing the week at the same price.

    November 2019- Week 3 (09-17):

    • In Delhi, gold opened the third week of November at Rs.3,896 per gram. Compared to the previous week’s closing price, the rates of the precious metal dropped by Rs.26 per gram.
    • Due to positive development in the trade talks between Washington and Beijing, the rates of gold plummeted to Rs.3,885 per gram on 12 November.
    • With investors shifting to the bullion as a safe-haven asset while waiting for a formal announcement regarding a trade deal, the prices recovered slightly in the next couple of days. Every gram of gold cost Rs.3,927 on 15 November before declining again and closing the week at Rs.3,906 per gram.

    November 2019- Week 4 (18 - 24):

    • Gold prices in the National Capital Region of Delhi showed a fluctuating trend in the fourth week of November, opening at Rs.3,906 per gram on 18 November. On 19 November, the price of the metal dipped significantly to Rs.3,896 per gram due to low local trends amidst positive global trends.
    • On 20 November, the price of the metal increased to Rs.3,922 per gram as investors awaited on developments in the Sino-U.S. trade deal. The trade deal was hampered due to the impeachment inquiry on President Donald Trump and the U.S. Senate passing legislation supporting protestors in Hong Kong.
    • However, as China invited officials from the United States of America for a face-to-face sit down for a round of fresh round to reach a deal, the price of gold eased marginally. Apart from this, positive U.S. jobs data also contributed to the declining trend of the metal. Gold closed the week at Rs.3,901 per gram.

    November 2019 - Week 5 (25 – 30):

    • Gold prices in Delhi witnessed a declining trend in the fifth week of November. The rates opened the week at Rs.3,901 per gram and declined to Rs.3,875 per gram on 27 November.
    • The decline in the prices of gold was accounted to traders waiting for further developments regarding the trade deal between Washington and Beijing.
    • Ongoing protest in Hong Kong also played a part in the declining trend of the yellow metal in the national capital. The rates closed the week at Rs.3,869 per gram, which was the lowest recorded price for the metal in the month of November.

    Trend of Gold Rate in Delhi for October 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    Rate on 1st October Rs.3,864 per gram
    Rate on 31st October Rs.3,927 per gram
    Highest Rate in October Rs.3,953 per gram on 28 and 29 October
    Lowest Rate in October Rs.3,801 per gram on 2 October
    Overall Performance Incline

    October 2019- Week 1 (1-6):

    • Weak overseas trends and sluggish retail sales saw gold price in Delhi open at Rs.3,864 per gram before dropping to Rs.3,801 per gram on 2 October.
    • News of fresh U.S. tariffs on EU goods dented equities as investors switched to bullion, resulting in gold rate in Delhi rising to Rs.3,901 per gram on 4 October.
    • Weaker than expected U.S. jobs data and renewed uncertainty over Middle East tensions increased bullion’s safe-haven appeal, as the gold rate rose to Rs.3,911 per gram on 6 October.

    October 2019- Week 2 (7-13):

    • Opening the month at Rs.3,864 per gram, gold price in Delhi, compared to the first week of the month, proved to be beneficial for investors in the second week being priced at Rs.3,911 per gram on 7 October in New Delhi.
    • The gold rate in Delhi hit weekly highs on 10 and 11 October at Rs.3,932 per gram as trade tensions grew amidst an increased local demand and rise in tensions in the Middle East.
    • However, due to Brexit worries and easing of trade tensions between the United States of America and China, the price of the yellow metal decreased marginally, closing the week at Rs.3,906 per gram.

    October 2019- Week 3 (14-20):

    • In Delhi, after the positive signs in the third week of the month, the price of gold opened the week on 14 October at Rs.3,906 per gram and showed continued positive signs for the third week of the month as well.
    • The price of the metal remained steady for 3 days until 15 October due to the trade talks between the United States of America and China were tempered ahead of a meeting between the European Union and Great Britain.
    • On 16 October, gold prices hit its weekly high and remained steady until 18 October due to concerns over global growth and Great Britain shying out of a deal with the EU over Brexit. However, the price of the precious metal increased and closed at Rs.3,932 per gram on 20 October.

    October 2019- Week 4 (21-27):

    • In Delhi, the price of gold opened week 4 of October at Rs.3,932 per gram and dipped for the next couple of days due to investors eagerly waiting on cues on Brexit and the trade talks between the United States of America and China.
    • After being priced at Rs.3,927 per gram on 24 October and 25 October due to markets waiting for the meeting of the United States Federal Reserve, the price of gold gained marginally to Rs.3,953 per gram on 26 October.
    • Due to poor markets, the Federal Reserve hinted another rate cut, resulting in investors shifting to the bullion as safe have pushing gold to hit its 2-week high at Rs.3,953 per gram on 26 October and 27 October, closing the week at the same price.

    October 2019- Week 5 (28-31):

    • In the capital, gold prices opened on 28 October at Rs.3,953 per gram after holding steady on 26 October and 27 October amidst positive cues on the trade talks and a strong dollar. The price of the metal remained the same on 29 October as well.
    • However, on 30 October the price of gold dipped to Rs.3,917 per gram even amongst positive global trends due to decreased local demand marking the end of the festive season. The trade talks faltered, and investors eagerly awaited on the rate cut by the Federal Reserve.
    • Gold prices recovered marginally on 31 October at Rs.3,927 per gram as the dollar weakened further and the Federal Reserve announced the rate cuts of 25 bps. Gold closed the week and month at Rs.3,927 per gram.

    Trend of Gold Rate in Delhi for September 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    September 1 Rate Rs.3,581 per gram
    September 30 Rate Rs.3,880 per gram
    Highest Rate in September Rs.4,011 per gram on 27 September
    Lowest Rate in September Rs.3,554 per gram on 2 September
    Overall Performance Incline
    Percentage Change 10.55%

    September 2019- Week 1 (1-8):

    • Steady local and overseas demand saw gold rate in Delhi open higher at Rs.3,959 per gram, with prices continuing to climb to Rs.3,990 per gram on 4 September.
    • Renewed trade tensions with China dented U.S. equities and increased bullion’s safe-haven appeal, as gold price in Delhi surged to Rs.4,037 per gram on 5 September though a steady dollar capped gains.
    • Gold price dropped as equities recovered on increased investor risk appetite, denting bullion demand as the yellow metal ended the week lower at Rs.3,938 per gram.

    September 2019- Week 2 (9-15):

    • After a month of rising prices, gold rate in Delhi reflected a global downturn in bullion demand, opening at Rs.3,938 per gram before falling to Rs.3,906 per gram on 11 September.
    • Weak overseas offtake due to increased risk appetite bolstered equity demand as bullion took a backseat, with the gold rate dropping to Rs.3,880 per gram on 13 September.
    • Positive data on U.S. Treasury bonds and upcoming U.S.-China trade talks further boosted equities and the dollar as gold price fell to Rs.3,843 per gram on 15 September.

    September 2019- Week 3 (16-22):

    • After a month of rising prices, gold rate in Delhi reflected a global downturn in bullion demand, gold rate opening at Rs.3,843 per gram before rising to Rs.3,885 per gram on 17 September.
    • Weak overseas offtake due to increased risk appetite bolstered equity demand as bullion took a backseat, with the gold dropping to Rs.3,838 per gram on 20 September.
    • Positive data on U.S. Treasury bonds and upcoming U.S.-China trade talks further boosted equities and the dollar as gold fell to Rs.3,875 per gram on 22 September.

    September 2019- Week 4 (23-30):

    • Despite opening unchanged at Rs.3,948 per gram on 26 September, gold price in Delhi shot up to Rs.4,011 per gram on 27 September on rising economic uncertainty and favourable market cues.
    • Prices plunged to Rs.3,980 per gram on 28 September as retail demand failed to keep pace, though steady industrial orders kept prices from falling too sharply.
    • Investor interest remained strong but a recovering dollar rate capped gains as the metal rose to Rs.3,990 per gram on 29 September before dropping to Rs.3,880 per gram on 30 September on fluctuations in demand.

    Also Check Gold Price in Metro Cities

    Gold as an Investment in Delhi

    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.

    What’s the rate of gold in Delhi like when compared to other cities?

    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 into Delhi

    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.

    Storing Gold in Delhi

    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.

    Is investing in Gold profitable?

    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.

    Also Check Gold Price in NearBy Cities of Delhi

    Purchasing Gold in Delhi

    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.

    Tracking Gold rates in Delhi

    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.

    Factors that influence Gold prices in Delhi

    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.

    Also Check Petrol Price and Diesel Price in Mumbai

    Read more on Gold

    News About Delhi Gold Rate

    • Price of gold increases to Rs.39,215 per 10 grams; records a Rs.96 increase

      In Mumbai, gold prices increased by Rs.96 to be priced at Rs.39,215 per 10 grams on 2 January 2020 as the value of the rupee depreciated in the market. The price of 22-karat gold was Rs.35,921 per 10 grams plus 3% GST. 18-karat gold was priced at Rs.29,411 per 10 grams in the city.

      According to Sunil Kumar Katke, Head- Commodities and Currency, Axis Securities, the trend for gold seemed to be a positive one and prices could cross the $1,560 per gram high from September 2019.

      The signing of the first phase trade deal agreement between the United States of America and China will determine the gold prices for the rest of the month and quarter. The deal will be signed on 15 January. However, in the light of Trump’s recent statements, the deal might be under jeopardy.

      Silver prices have increased by Rs.195 to Rs.46,340 per kg and the gold/silver ratio stood at 84.62 to 1. gold prices in the futures market for delivery in February increased by 0.3% or Rs.117 on the Multi commodity Exchange.

      The price of the metal was Rs.39,184 per 10 grams for a turnover of 15,813 lots. The value for gold contracts for April also increased by Rs.144 to Rs.39,336 per 10 grams for a turnover of 6,699 lots.

      6 January 2020

    • Gold prices decrease for the third consecutive day

      Following the international markets, the prices of gold reduced for the third day in a row in India. Gold futures prices for February on MCX reduced by 0.11% and hit Rs.38,045 for 10 grams.

      Following the decline for three consecutive days, the prices of gold have reduced by around Rs.2,000 for 10 grams after hitting all-time highs of Rs.40,000 for 10 grams in September. In the international markets, the prices of gold were flat at $1,475.51 for an ounce. The main reason for the prices of gold to be flat was the comments made by the US President that rekindled hopes of a trade deal between China and the US. According to a note made by HDFC Securities, prices of gold have dropped after increasing the past few days due to the optimism of the trade deal between China and the US. The prices of gold had been fluctuating over the last few days because of the conflicting news on the trade deal. On 6 December 2019, global equities pushed higher after the US President said that the trade talks were positive. The US Federal Reserve meeting that is scheduled this week is being closely watched by gold traders. The recent sessions have pushed investors away due to the uncertainties in the trade deal.

      9 December 2019

    • Gold prices increase due to worries of a trade deal between China and the US

      Prices of gold increased on 6 November 2019 because of doubts about the trade deal being reached between China and the US. On 5 November 2019, prices of gold decreased by 2%.

      Prices of spot gold increased by 0.5% and hit $1,490.75 for an ounce. US gold futures prices also increased by 0.6% and hit $1,493.10 for an ounce. Bullion hit a three-week low in the previous session and hit $1,479.25. The percentage drop was the biggest in a single day since September. According to Reuters, there may be a delay in the interim trade deal until December as the discussion between China and the US continue regarding the venue and terms. As part of the Phase One deal, China was pushing the US to remove a few tariffs that were imposed in the month of September. World stocks came down from record highs because of the report that the trade deal could be delayed until December. The trade war between China and the US is one of the main reasons why prices of gold have increased this year. Gold prices have increased by nearly 16% so far this year.

      8 November 2019

    • Stagnant interest rate scenario expected to boost stock markets and growth recovery

      Amidst measures by the government, a stagnant interest rate is expected to improve growth recovery of the country and boost markets in Samvat 2076, the Hindu calendar year which will begin from Diwali 2019.

      According to various analysts, amidst fears of a global recession, the domestic monetary policy, stable political environment and reforms such as the recent cut in corporate tax rates can keep the markets afloat in the upcoming year.

      In the previous year, Sensex was up by 12.31% while the 50-share Nifty gained by 10.75%. Even though the benchmark indices gained when compared to 2017, there were a number of challenges faced by investors in terms of volatility in equities, corporate earnings, liquidity crisis and the slowing economic growth.

      This mainly began when crisis struck at non-banking financial companies with infrastructure leasing and financial services. This led to the crisis being spread to the sectors of automobile, discretionary and a few stapes industries.

      According to Deepak Jasani, Head of Retail Research at HDFC Securities, even after the crisis struck on Infrastructure Leasing and Financial Services, liquidity issues continued. The credit rating of a few corporate companies was cut and the credit rating downgrades were at a 27-quarter high in June.

      However, Shiv Sehgal, President and Co-head, Institutional Equities, Edelweiss Global Investment Advisors, mentioned that Samvat 2076 seems positive and bullish. Having a target of 12,000 for Nifty next year, the divergence within Nifty stocks will correct and midcaps will outperform.

      The rupee gained 2.55% against the dollar while the price of gold jumped 21.24% compared to rupee falling 10.91% and gold prices declined 4.21% in the previous year.

      22 October 2019

    • Price of gold and silver increase significantly after a rise in local demand

      The price of gold and silver increased significantly rebounding from their recent low prices on the Multi-Commodity Exchange. On the MCX, gold was priced at Rs.38,386 per 10 grams with an increase of 1.3% or Rs.500 from their previous price.

      With the rise in prices of gold, silver prices as well surged to Rs.45,994 per kg resulting in an increase of Rs.1,100 or 2%. The price of precious metals has been heavily fluctuating in the past few weeks after hitting record highs earlier in September.

      The domestic spot prices of 24-karat gold also recorded an increase of Rs.350 and being priced at Rs.39,115 per 10 grams in New Delhi as per the Press Trust of India. Silver increased to Rs.47,580 per kg, increasing by Rs.1,630.

      In the international market, amidst trade war uncertainties and fears of an economic slowdown, the price of gold is on track being priced at $1,500 59 per ounce. In the global market, gold prices recorded an increase of 1.4%.

      3 October 2019

    • Gold prices fall 1% following rate cuts by the Federal Reserve

      Gold prices recorded a decline by more than 1% and hit a one-week low through the middle of this week. The main reasons attributed to the decline in prices were identified as the lack of clarity on future monetary decisions following a widely expected interest rate cut by the Federal Reserve in the United States of America. The central bank proceeded with an anticipated cut in interest rates of 25 bp for the second time in 2019. However, it gave mixed signals regarding what could happen next. The value of spot gold fell to $1487.35 per ounce while US gold futures settled at $1515.80.

      According to the head of base and precious metals derivatives trading at BMO, Tai Wong, “Gold retreated $10 from just before the release as the Fed slightly disappointed the market as only 7 out of 17 members saw one more rate cut by the end of this year.” He added that the projections for the upcoming financial year were also measured and the long-term view will not change any time in the near future. A reduction in interest rates lowers the opportunity costs of holding non-yielding bullion. The dollar index increased 0.4% in comparison with major currencies across the world, thereby adding more pressure on the precious metal. Investors are now focussing their energies on the policy meeting to be held by the Bank of Japan.

      19 September 2019

    • Price of gold decreases by Rs.800 on Friday as trade tensions ease out

      On Friday, 30 August 2019, the price of gold dropped majorly by Rs.800 in the global markets even though Silver rates increased to a certain extent. However, due to strong market trends, both precious metals were priced significantly lower than their recent highs.

      Gold futures were down by 0.20% at Rs.38,734 per 10 grams on MCX. Earlier in the last week of August, the precious metal had hit a high of Rs.39,425 per 10 grams. However, while gold was falling in the international markets, silver showed a slight increase in MCX.

      The price of silver rose by 0.24% at Rs.46,421 per kg where the metal had reached a high of Rs.47,440 per kg earlier in the week.

      The dip in prices of the yellow metal was majorly due to the easing of trade tensions between the United States of America and China which indicated that they might resume talks to resolve the trade conflict.

      3 September 2019

    • Price of gold increases after Trump's threat of tariff increase on Chinese imports

      With Donald Trump, the President of the United States of America threatened to increase the tariff on Chinese imports, the demand for gold and silver as safe-haven assets increased on 2 August 2019.

      Spot gold was down by 0.5% at $1,438.16 per ounce after hitting the highest price in two weeks at $1,446.10 per ounce. The precious metal had increased by about 1.4% in the previous week as US gold futures rose to $1,446.80 an ounce, increasing by 1%.

      Due to the escalation in the trade war between the United States of America and China, the price of the bullion has increased, and it is said to go higher according to Mr. Kunal Shah, Head of Research at Nirmal Bang Commodities in Mumbai.

      On Thursday, last week, the metal gained more than 2% after President Donald Trump mentioned that there will be an extra 10% charged on Chinese imports, $300 billion worth from the next month. The trade war which has already taken the financial market by storm intensified by these comments made by the President.

      He also mentioned that if the current trade negotiations failed, he would further increase the import tariff more than the already existing 25% to be levied on products worth $250 billion from China.

      5 August 2019

    • Gold Rates Ease As Investors Book Profits

      Gold prices eased as investors sought to book profits, with prices dropping by 0.5% to $1,439.41 per ounce after scaling new highs earlier in the day. Despite the drop in price, gold is scheduled to gain for a second straight week.

      Anticipating a bullish run for the yellow metal, U.S. gold futures rose by 1% to $1,440.50 per ounce.

      Recent comments regarding the U.S. Federal Reserve’s policy leanings indicate an interest rate cut is quite likely. Following bullion-positive comments, the dollar fell to significant lows though Asian markets boosted trading in the currency.

      Continued uncertainty in the Middle East also bolstered interest in the safe-haven metal, after news of an Iranian drone being shot down by the U.S. rattled markets.

      19 July 2019

    • Gold Rates Climb on Weakening Dollar and Rate Cut Hopes

      Gold prices climbed to a 1-week high as expectations of an interest rate cut by the Federal Reserve boosted bullion offtake.

      Spot gold rose by 0.3% to $1,336.82 per ounce while U.S. gold futures rose by 0.2% to $1,340 per ounce as the U.S. dollar retreated on soft inflation data.

      Disappointing U.S. inflation data served to reinforce the possibility of a Fed rate cut, which is seen as positive for gold. A slowdown in U.S. economic growth and escalating trade tensions could sway the Fed into announcing the much anticipated interest rate cuts.

      The drop in the U.S. dollar index against a basket of 6 global currencies was also seen as a portent of a change in monetary policy.

      13 June 2019

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