Gold Rate In Delhi Today

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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.

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

March 2019 - Week 1 (1-10):

• Weak overseas trends and a rising U.S. dollar rate pushed gold prices in Delhi lower despite steady local demand, with the metal opening lower at Rs.3,402 per gram on 1 March.
• Prices fell steadily as investors’ risk appetite grew on the possibility of a resolution to the Sino-U.S. trade crisis which resulted in a reduction in the gold’s safe-haven appeal, with prices falling to Rs.3,344 per gram on 5 March.
• Strong U.S. jobs growth and a delay in the European Central bank’s interest rate hikes led to a surge in the dollar rate as gold fell to Rs.3,292 per gram on 9 March before recovering marginally to trade at Rs.3,318 per gram on 10 March.

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

February 2019 - Week 1 (1-10):

• Gold price in Delhi opened at a steady Rs.3,423 per gram on 1 February and remained stable for a few days on strong local retail demand.
• Fluctuations in demand due to a strengthening dollar saw prices fall to Rs.3,418 per gram on 6 February as retail offtake failed to prop up prices as Asian orders fell sharply.
• Rising costs associated with a steady dollar rate resulted in a drop in industrial offtake as gold rates slid downwards for the rest of the week before closing at Rs.3,402 per gram on 10 February. 

February 2019 - Week 2 (11-17):

• Gold prices in Delhi declined for most of the week before a late rally boosted the metal’s fortunes.
• The precious metal traded at Rs.3,402 per gram on 11 February but fell to Rs.3,360 per gram on 14 February on declining overseas demand as the dollar and equity markets rallied.
• Increased local retail sales kept prices stable as industrial demand dropped, with a falling rupee capping possible gains.
• Fears over Brexit and another possible U.S. government shutdown resulted in higher investor interest in the metal, which rose to Rs.3,423 per gram when the week ended on 17 February.

February 2019 - Week 3 (18-24):

• Positive local cues boosted gold prices in Delhi despite a slowing down of overseas interest in the metal.
• Gold traded at Rs.3,423 per gram on 18 February before apprehensions over the impact of Brexit saw investors increase bullion stakes as gold rose to Rs.3,434 per gram on 20 February.
• Prices climbed to Rs.3,465 per gram on 21 February as local retail demand kept prices stable in spite of static demand from Asia.
• A more hawkish stance by the Fed Reserve raised investor confidence in equities and the dollar as gold rates dropped to Rs.3,418 per gram on 23 February before recovering to close at Rs.3,434 per gram on 24 February.

February 2019 - Week 4 (25-28):

• After a period of stability there was a drop in gold price in Delhi as market cues and declining industrial interest affected demand for the metal.
• Gold opened the week at Rs.3,434 per gram on 25 February as the ongoing Sino-U.S. trade talks had investors pull away from bullion as a caution.
• The U.S. dollar surged on news of a more hawkish address by the Fed Reserve and a standoff in the trade talks.
• Gold rate in Delhi dropped to Rs.3,428 per gram on 26 February with prices remaining unchanged when the week ended on 28 February as gold recorded an overall increase in value of 0.14% during the month.

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

January 2019 - Week 1 (1 - 6):

• Increased overseas demand along with strong local jeweller orders boosted gold rates in Delhi, with the metal opening trading at Rs.3,234 per gram.
• The dollar continued to trade poorly as the government shutdown affected markets, resulting in higher interest in bullion.
• Strong local demand drove prices to Rs.3,281 per gram on 4 January before a slight dip saw gold settle at Rs.3,276 per gram when the week ended on 6 January.

January 2019 - Week 2 (7 - 13):

• In line with trends seen across other cities, gold prices in Delhi rose steadily as a weak dollar and volatile markets increased overall interest in bullion.
• Gold traded at Rs.3,245 per gram when trading opened on 7 January and fell marginally to Rs.3,239 per gram on 8 January due to fluctuating overseas demand.
• Prices rose steadily as the government shutdown in the U.S. and Brexit negotiations rattled markets, with investors increasing bullion purchases.
• The yellow metal’s value rose to Rs.3,266 per gram on 10 January before surging to Rs.3,297 per gram when the week ended on 13 January.

January 2019 - Week 3 (14 – 20):

• Gold price in Delhi echoed trends seen across other cities, as burgeoning demand from jewellers and positive market cues raised the precious metal’s value.
• The precious metal was priced at Rs.3,297 per gram when trading opened on 14 January and prices quickly rose, boosted by rising Asian demand and increased orders from investors.
• Industrial demand was on the rise as the Sino-U.S. trade dispute neared resolution as gold prices rose to Rs.3,318 per gram on 16 January.
• Continued reliance on bullion by overseas investors due to turbulent financial markets further raised gold rate in Delhi, which closed at Rs.3,334 per gram on 20 January. 

January 2019 - Week 4 (21-27):

• Interest in gold saw significant fluctuations this week as geopolitical crises in Venezuela and the ongoing U.S. government shutdown increased demand for safe-haven gold.
• The precious metal traded at Rs.3,334 per gram on 21 January before dropping steeply to Rs.3,308 per gram on 23 January on poor investor offtake ahead of the U.S Federal Reserve meeting.
• Gold rate in Delhi rose as local and global demand for the metal rose as markets dropped on news of the political uncertainty in Venezuela to close the week at Rs.3,344 per gram on 27 January. 

January 2019 - Week 5 (28-31): 

• Strong overseas cues and steady local demand boosted gold prices in Delhi with the metal opening at Rs.3,344 per gram on 28 January.
• Continued tensions over the Venezuelan political crisis shook equity markets as investors turned to bullion as a safe-haven, raising prices to Rs.3,355 per gram on 29 January.
• An easing of the monetary tightening policy by the Federal Reserve also bolstered gold demand with prices surging to Rs.3,397 per gram on 31 January to record a rise of 5.04% over the course of the month.

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

December 2018 - Week 1 (1 - 9):

• Gold prices in Delhi were on the increase as higher retail sales and jeweller orders boosted demand, with overseas cues also positive.
• The precious metal traded at Rs.3,108 per gram on 1 December, rising to Rs.3,129 per gram on 4 December as the dollar faltered ahead of Brexit final deal negotiations.
• Volatile markets rattled investors, who increased bullion buys as prices surged to Rs.3,176 per gram when the week ended on 9 December, recording a gain of Rs.68 during the week.

December 2018 - Week 2 (10 - 16):

• Rising local demand and positive overseas trends saw gold prices in Delhi climb during the week after opening at Rs.3,176 per gram.
• A steep drop in equities prompted increased demand for safe-haven bullion, as the metal rose to Rs.3,260 per gram on 12 December.
• Prices dropped as the dollar recovered, though local demand continued to be steady with the metal closing the week at Rs.3,229 per gram on 16 December.

December 2018 - Week 3 (17 - 23):

• Gold was priced at Rs.3,229 per gram on the 17th of December, when the week began, which then dropped to Rs.3,213 per gram the next day.
• On the 19th, gold rates in Delhi went up to Rs.3,224 per gram before a drop in demand saw prices tumble to Rs.3,176 per gram the next day.
• Over the next three days, gold rates improved slightly and on the final day of the week, the metal was seen trading at Rs.3,187 per gram.

December 2018 - Week 4 (24 - 31):

• Positive global cues coupled with strong investor demand led to gold prices holding at Rs.3,187 per gram when the last week began.
• With market participants gravitating towards safe-haven assets amid the rising Sino-US trade concerns and declining global economic growth, prices rose considerably during the week.
• When the week came to an end, gold price in Delhi was recorded holding at Rs.3,239 per kg on the 31st, registering a 4.21% increase in domestic prices during the course of the month.

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

November 2018 - Week 1 (1 - 4):

• The month began with gold rate in Delhi holding at Rs.3,255 per gram on the 1st with subdued demand for the precious metal.
• Poor demand coupled with weak market trends overseas led to gold trading at Rs.3,250 per gram on the 2nd and the 3rd.
• The week came concluded with gold priced relatively higher at Rs.3,260 per gram on the 4th after the dollar weakened ahead of the US employment data.

November 2018 - Week 2 (5 - 11):

• The week began with gold rate in Delhi holding at Rs.3,260 per gram on the 5th with steady domestic demand amid firm market trends overseas.
• The next couple of days saw gold trading at Rs.3,250 per gram before surging to Rs.3,266 per gram on the 8th with local demand picking up amid the festive season.
• The week came to an end with gold finishing on a weaker note at Rs.3,203 per gram after the Federal Reserve’s interest rate review led to the bullion losing its sheen.

November 2018 - Week 3 (12 - 18):

• The price of gold in the national capital reflected trends seen across other cities, with a steady decline due to the rising U.S. dollar.
• Gold was priced at Rs.3,203 per gram on 12 November and rose briefly to trade at Rs.3,208 per gram on 14 November.
• The continued rise in the U.S. dollar rate affected local retail sales and gold price in Delhi fell to Rs.3,187 per gram on 14 November due to poor demand.
• In spite of the ongoing market fluctuation due to Brexit, investors were wary of investing in bullion as prices dropped to Rs.3,176 per gram when the week ended on 18 November.

November 2018 - Week 4 (19 - 25)

• Gold was priced at Rs.3,192 per gram on 19 November, recovering marginally from last week’s poor showing on rising retail demand.
• A weakening rupee and rising crude oil costs reversed this trend, as jewellers and industrial units reduced offtake.
• The yellow metal dropped to Rs.3,166 per gram on 21 November as a recovering dollar and falling overseas trends affected gold prices in Delhi.
• Prices rose marginally as the week ended, with the precious metal trading at Rs.3,171 per gram on 25 November.

November 2018 - Week 5 (26 - 30):

Parameters	Gold price (per gram of 24 karat gold)
November 26 Rate	Rs.3,145 per gram
November 30 Rate	Rs.3,124 per gram
Overall Weekly Performance	Decline

• Fluctuating overseas demand and weak local cues resulted in gold rates in Delhi falling steadily this week.
• The precious metal traded at Rs.3,145 per gram on 26 November, as retailers put off purchases due to the falling rupee.
• Prices dipped to Rs.3,140 per gram on 27 November before recovering on a marginal rise in industrial demand.
• The dollar recovered ahead of the G20 summit as gold crashed to Rs.3,124 per gram on 29 and 30 November, losing Rs.21 in value during the week.

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

October 2018 - Week 1 (1 - 7):

• The national capital’s demand for gold kept pace with the rest of the country, as gold prices rose significantly thanks to a boost in retail demand.
• Gold opened the week at Rs.3,140 per gram and remained constant for a few days as demand was sluggish due to the sharp crash in the rupee.
• In spite of gold becoming more expensive due to the falling rupee, retail demand was on the rise and pushed gold rates to Rs.3,197 per gram on 4 October.
• Prices fell marginally after the Federal Reserve raised interest rates mid-week, sending gold prices crashing to Rs.3,187 per gram on 6 October.
• The end of the week saw gold prices in Delhi rise to Rs.3,229 per gram on growing investor interest in bullion both domestically and overseas.

October 2018 - Week 2 (8 - 14):

• The capital of India witnessed a slight decline in the value of gold on 8 October due to the surge in dollar. At the start of week 2, gold was priced at Rs.3,229 per gram.
• The gold in Delhi rose in value as favourable global trends for the metal were recorded.
• On 14 October, gold was trading at Rs.3,245 per gram, recording an inclining trend for week 2.

October 2018 - Week 3 (15 - 21):

• While there were sharp rises in gold prices in Delhi during the week, fluctuating market performance and a falling rupee capped gold gains.
• The precious metal was priced at Rs.3,245 per gram when trading opened on 15 October on steadily rising investor interest.
• The ongoing trade dispute resulted in an increase in safe-haven demand, which drove gold prices up to Rs.3,266 per gram on 17 October.
• As investors awaited news from the Federal Reserve, the possibility of a rate hike led to gold prices tumbling to Rs.3,239 per gram on 18 October.
• Prices recovered as the week ended, with gold trading at Rs.3,255 per gram to close the week at an increase of Rs.10 per gram.

October 2018 - Week 4 (22 - 28):

• There was a steady rise in gold prices in Delhi over the course of the week, fuelled by increased retail sales due to the festive season.
• Gold traded at Rs.3,255 per gram on 22 October before falling to Rs.3,250 per gram on 23 October on demand fluctuations.
• Uncertainty across stock markets and geopolitical crises affected investor confidence and led to higher reliance on bullion.
• The precious metal traded at Rs.3,260 per gram on 25 October and climbed to Rs.3,271 per gram on 26 October on surging demand for bullion.
• As markets recovered from the crash and the dollar stabilised, gold prices fell slightly to end the week at Rs.3,266 per gram on 28 October.

October 2018 - Week 5 (29-31):

• In spite of growing demand and burgeoning retail sales, there was a slight dip in gold rates during the week.
• The precious metal opened trading at an unchanged Rs.3,266 per gram on 29 October on static demand, as industrial offtake was sluggish due to overseas cues.
• Jewellers increased orders ahead of Diwali but the rising cost of retail gold put consumers off large purchases.
• The rupee continued to fall against the dollar, which capped gains from bullion sales in spite of an increase in order volumes.
• Prices dropped marginally to Rs.3,266 per gram on 31 October as retail demand was unable to shore up prices, as gold rates in Delhi fell by Rs.6 during the week.

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

September 2018 - Week 1 (1 - 8):

• Demand for gold was on the rise in the first week as positive trends and rising local orders prepped up prices.
• Gold opened the month at Rs.3,103 per gram in the national capital before prices took a slight dip due to a rally by the dollar.
• Prices dropped to Rs.3,082 per gram on 4 September in spite of demand being steady; a sharp drop in the rupee bolstered gold demand as the metal rose to Rs.3,098 per gram on 5 September.
• Strong retail demand ahead of the festive season also contributed to the price rise, as gold rates in Delhi reached Rs.3,119 per gram on 7 September.
• The end of the week saw prices close at Rs.3,124 per gram.

September 2018 - Week 2 (9 - 14):

• Gold prices in Delhi followed trends seen in other Indian cities, with prices rising on positive investor sentiment and economic factors.
• The week began with gold priced at Rs.3,124 per gram before rising to Rs.3,129 per gram on 10 September on increased local demand for the metal.
• With markets volatile due to fears of a global trade war, investors looked to gold as a safe-haven asset.
• Prices were stable for a few days in spite of growing demand, as the falling rupee cut into gold gains.
• Gold jumped to Rs.3,140 per gram on 13 September as disappointing U.S. consumer data figures led to the dollar falling sharply.
• Prices dropped as the week ended on 14 September, with gold closing the day at Rs.3,134 per gram.

September 2018 - Week 3 (15 - 22):

• The week in Delhi began with gold priced at Rs.3,129 per gram, as interest in the metal was building due to the fluctuating dollar and a plunging rupee.
• Gold prices rose to Rs.3,134 per gram on 16 September and remained constant for a few days as the dollar fell after a fresh round of trade tariffs levied on Chinese goods.
• Local demand was on the rise as the festive season approached, which stimulated markets in spite of the rising prices.
• The yellow metal rose to Rs.3,145 per gram on 19 September as the dollar reeled from short-selling due to the ongoing trade dispute with China.
• The rise in price continued as the metal’s price reached Rs.3,155 per gram on 20 September on strong local demand and rising retail orders.
• Prices dropped slightly as the week ended, with gold priced at Rs.3,150 per gram on 22 September to record a Rs.21 increase in price.

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

August 2018 - Week 1 (1 - 5):

• In the nation’s capital, there was a sharp drop in the price of gold due to poor demand and market forces.
• In Delhi, gold prices opened at Rs.3,050 per gram as industrial demand kept prices from fluctuating too much.
• The Fed Reserve’s positive assessment of the U.S. economy boosted equity markets and the dollar, as gold prices tumbled to Rs.3,045 per gram on 2 August.
• Demand was sluggish and gains were capped due to the falling rupee, as overseas interest in bullion was on the decline.
• A drop in order volumes affected prices as the week ended, with gold priced at Rs.3,035 per gram on 5 August.

August 2018 - Week 2 (6 - 12):

• In the nation’s capital, gold prices increased in demand during the second week of August as the dollar stabilised during this time.
• The gold rate in Delhi stood at Rs.3,035 per gram on 6 August, as the dollar weakened during this period.
• The dollar then increased to a 13 month high on 10 August which had an effect on the gold rates in Delhi.
• Gold rate in Delhi then shot up to Rs.3,050 per gram on 12 August. During this time, European banks were exposed to Turkey, which in turn led to the strengthening of the dollar.
• The week ended with an incline trend in Gold rates in Delhi. At the end of the week ending 12 August, gold rate in Delhi stood at Rs.3,050 per gram.

August 2018 - Week 3 (13 - 19):

• The gold price in the nation’s capital in Week 3 of August was declining as dollar rates hit a near 13-month high.
• On 13 August, the gold price in Delhi stood at Rs.3,050 per gram. During the same period, the dollar value was on a rise.
• The gold price then stabilised for a few days after which it declined marginally towards the end of the week.
• At the end of Week 3, the gold rate in Delhi declined in comparison to the former part of the week. The price of the metal on 19 August stood at Rs.3,014 per gram. This was during the same period when US - China trade talks were in place.
• Week 3 ended with the metal priced at Rs.3,014 per gram, and showed a declining trend for the week ending 19 August.

August 2018 - Week 4 (20 - 26):

• Gold rate in Delhi was recorded holding at Rs.3,014 per gram on the 20th when the week began amid positive trends overseas.
• Prices remained untouched at Rs.3,014 per gram the following day before an increase in investor demand led to gold price in Delhi surging to Rs.3,024 per gram on the 22nd.
• With the US dollar losing against a basket of other apex currencies at the international level, demand for safe-haven assets surged further and gold in Delhi was recorded trading at Rs.3,040 per gram on the 23rd.
• Demand, however, stabilised over the next couple of days as the US dollar regained lost ground from its previous losses and gold was priced at Rs.3,035 per gram on the 26th when the week came to an end.

August 2018 Week 5 (27 - 31):

• The nation’s capital followed gold trends prevalent across other Indian cities, with gold trading at Rs.3,035 per gram on 27 August.
• Relatively unstable equity markets coupled with a fluctuating dollar rate led to investors looking to gold as a safe bet, as local and international order volumes rose.
• Prices rose to Rs.3,082 per gram on 28 August as news of slower interest rate hikes caused markets and the dollar to fall sharply.
• Local retail demand began to rise ahead of the festival season, which also pushed up prices as gold prices remained steady.
• The end of the week saw gold reach Rs.3,092 per gram to register a significant rise in price during the week.

September 2018 - Week 4 (23 - 30):

• The last week of September saw gold prices fall across many cities due to demand vagaries as well as a drop in local demand.
• Gold was priced at Rs.3,145 per gram on 23 September, with prices seeing little change due to steady local and industrial demand.
• The uncertainty across markets due to the ongoing trade dispute between the U.S. and China led to increased dependence on bullion.
• Gold rose to Rs.3,155 per gram on 26 September as the dollar fell sharply over fears of a drop in interest rates.
• Local demand fell as retail sales dropped due to the rising cost of buying gold, as the precious metal traded at Rs.3,113 per gram on 29 September.
• Prices recovered to close at Rs.3,140 per gram on 30 September though gold fell by Rs.5 during the week.

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

July 2018 - Week 1 (1 - 7):

• In the national capital, gold was trading at Rs.3,124 per gram when the first week of July opened for business.
• As there was a stable local demand, prices remained at Rs.3,124 per gram on the 2nd before dropping to Rs.3,113 ahead of a rising dollar.
• With the dollar continuing to rise, cues weakened and gold rate in Delhi went down to Rs.3,103 per gram on the 3rd.
• However, as trade war between the US and China intensified, and stock markets fell, safe haven demand surged.
• This caused gold rates to go up to Rs.3,129 per gram on the 5th, which then surged to Rs.3,134 per gram on the 6th as the dollar continued to be weak.
• As the metal was still weak, gold was priced at Rs.3,140 per gram on the final day of the week.

July 2018 - Week 2 (8 - 14):

• Trading began for the week with gold rate in Delhi holding slightly lower at Rs.3,134 per gram on the 8th with subdued but steady demand from local industries amid the positive overseas trends.
• Gold prices remained untouched at Rs.3,134 per gram until the 11th with global bullion markets capitalising on the weakened US dollar and stock markets.
• The 12th saw prices dropping by Rs.25 to Rs.3,119 per gram before plummeting further to Rs.3,103 per gram the next day as the greenback rose against a basket of other apex currencies after the US threatened the Chinese to impose additional import tariffs on their goods.
• The week concluded with todays gold rate in Delhi holding at Rs.3,092 per gram amid the strong US dollar and equity markets.

July 2018 - Week 3 (15 - 22):

• In Delhi, gold was priced at Rs.3,092 per gram when the week began. Demand for the metal was on the stable side for the initial few days despite a rise in the dollar rates.
• The precious metal traded at Rs.3,092 per gram on the 16th and the 17th as local investors kept the sustained demand going.
• On the 18th, gold rates in Delhi dropped to Rs.3,087 per gram as the rising dollar pushed gold demand up in the local market.
• This further dropped to Rs.3,056 per gram the next day as concerns over a possible Fed rate hike pushed gold investors further away.
• After US President Donald Trump ridiculed the Fed rate hike policy publically, all the progress the dollar had made tumbled.
• Gold prices went up to Rs.3,061 per gram on the 20th before continuing at this rate the next day as well.
• On the final day of the week, gold traded at Rs.3082 per gram - a Rs.21 hike from the previous day’s rates.

July 2018 Week 4 (22 - 31):

• Demand for gold in the national capital was on the decline in the last week of July as industrial offtake dropped sharply.
• Gold traded at Rs.3,082 per gram when trading opened on 22 July as fears of a global trade war grew, ahead of trade talks between the U.S. and European Union.
• Local demand was poor, as gold plunged to Rs.3,061 per gram on 25 July as Brexit negotiations and a plunging Euro led to the dollar strengthening.
• The precious metal continued to trade low, falling to Rs.3,056 per gram on 28 July as news of a fall in China’s projected growth led to higher demand for the dollar.
• Fluctuations in the last few days saw gold price in Delhi rise briefly before ending the month at Rs.3,056 per gram on 31 July.

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

June 2018 - Week 1 (1st - 10th)

• Gold was priced at Rs.3,166 per gram when trading began in Delhi for the month of June.
• This dropped to Rs.3,155 per gram the next day as cues from the global market remained weak after a stronger than expected US jobs data.
• On the 3rd, gold continued to trade at Rs.3,155 per gram as demand was steady in the local market while they fell in other major cities.
• The 4th saw gold rate in Delhi continue at Rs.3,155 per gram as local demand was holding steady.
• On the 5th, gold pricein Delhi dropped to Rs.3,145 per gram after the dollar overpowered other apex currencies and markets almost improved.
• The 6th, however, gold rates go up to Rs.3,150 per gram after the latest improvement in dollar was capped by other uncertainties with the latest regarding the G7 summit.
• Gold rates rose to Rs.3,155 per gram on the 7th before falling to Rs.3,150 per gram the next day.
• The 9th recorded a significant rise in prices and gold traded at Rs.3,187 per gram - a whopping Rs.37 rise after Donald Trump decided to openly criticise other G7 nations over the trade policy.
• Demand was steady on the final day of the week and the metal still traded at Rs.3,187 per gram.

June 2018- Week 2 (11th-17th)

• The week opened with gold falling to Rs.3,171 per gram as anticipation over the summit between the U.S. and North Korea kept interest in the dollar high.
• Local demand was steady but subdued, as rising dollar rates resulted in reduced offtake by jewellers.
• Gold rate in Delhi fell to Rs.3,166 per gram on 13 June as the success of the summit and the possibility of a Federal Reserve interest rate hike led to declining interest in bullion.
• Prices rebounded on news of the European Central Bank (ECB) pledging to keep interest rates unchanged till 2019, as markets reacted negatively.
• Gold price in Delhi surged to Rs.3,192 per gram on 15 June on renewed U.S.-China tensions over trade.
• Interest in the metal tumbled as the week ended, with gold falling to Rs.3,161 per gram on 17 June.

June 2018 - Week 3 (18th - 24th)

• Trading commenced for the week with gold prices in Delhi holding at Rs.3,161 per gram on the 18th after a strong performance by the US dollar led to a significant drop in investor demand for the metal.
• The 19th recorded the lowest weekly figure of Rs.3,150 per gram with domestic demand suppressed by the strong greenback and well-performing equity markets.
• Thanks to an increase in domestic buying, rates surged to Rs.3,166 per gram on the 20th with domestic markets tracking a positive trend overseas.
• Steady demand coupled with favourable market cues led to gold prices remaining untouched at Rs.3,166 per gram for the next couple of days.
• Investor demand dropped significantly the next day with the dollar index recording its highest levels during the year. This led to gold being priced at Rs.3,124 per gram on the 23rd.
• The week came to an end with gold rates in Delhi holding firm at Rs.3,124 per gram on the 24th with poor domestic demand brought by weak market trends overseas.

June 2018 - Week 4 (25th - 30th)

• The week began in Delhi with gold trading at Rs.3,134 per gram. Demand in the city was stable for the first three days before fluctuating over the remaining ones.
• On the 26th and 27th, the yellow metal traded at Rs.3,134 per gram as demand for the metal was on the steadier side.
• The 28th, however, saw gold rates in Delhi drop to Rs.3,129 per gram as cues from the global market remained weak and local demand dropped as a result.
• On the next day, i.e., the 29th, gold rates went up to Rs.3,140 per gram after a fall in the US dollar was capitalised on by local investors.
• For the next two days, demand from the domestic market remained flat. This caused gold to trade at Rs.3,124 per gram over these two days.
• When the week ended, the yellow metal was priced at Rs.3,124 per gram.

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

May 2018 - Week 1 (1st - 6th)

• In the national capital, the month began with the yellow metal prices holding at Rs.3,192 per gram on the 1st after the rising dollar and equities market led to a decline in gold prices.
• With the US dollar strengthening further ahead of the US Federal Reserve meeting, gold rates in Delhi dropped to Rs.3,176 per gram on the 3rd.
• Prices remained untouched at Rs.3,176 per gram the next day with demand stabilising amid the steady dollar value.
• However, the central bank’s decision to gradually increase the interest rates gradually proved to be dovish. This led to the US greenback losing significant ground against other emerging currencies and gold prices improved as the week progressed.
• The week came to an end with the bullion priced at Rs.3,197 per gram on the 6th amid positive overseas trends.

May 2018 - Week 2 (7th - 13th)

• Delhi’s gold trading for the week remained largely consistent for the initial few days before changing over the second half.
• On the 7th, when the week began, gold was priced at Rs.3,197 per gram.
• This rose slightly to Rs.3,203 per gram as the US dollar fell slightly and local demand moved up. Gold continued to trade at this rate over the 8th and the 9th as sustained buying from local investors helped offset the positive growth in the US dollar.
• During the 10th, gold prices rose to Rs.3,208 per gram as there was a slight decline in the US dollar. Prices surged to Rs.3,213 per gram the next day, i.e., the 11th, as inflation figures that were released showed some subpar performance.
• Inflation figures briefly wreaked havoc on the USD exchange dynamic and bullion investors took advantage of this.
• As a result of this opportunism, gold rates went up to Rs.3,134 per gram - a Rs.21 rise - on the 12th of May.
• Gold traded at Rs.3,134 per gram on the final day of this month as demand quieted down after the dollar began to recover.

May 2018 - Week 3 (14th - 20th)

• In the national capital, gold trade began for the week with the yellow metal priced relatively higher at Rs.3,234 per gram on the 14th following a decline in the dollar value from the previous session.
• However, with the dollar rebounding from its initial shock, gold rates plunged to Rs.3,213 per gram on the 15th.
• Prices remained unchanged at Rs.3,213 per gram the next day before dropping to Rs.3,187 per gram on the 16th after the US dollar rose close to its highest level in 2018.
• Weak trends overseas coupled with poor domestic demand led to gold rates plummeting to Rs.3,171 per gram on the 17th.
• With investors banking on the bullion to hedge against the rising US-Italian political crisis, gold rates rebounded to Rs.3,192 per gram during the closing hours of the week.

May 2018 - Week 4 (21st - 27th)

• In the national capital, Delhi, gold was priced at Rs.3,192 per gram when the fourth week of May began.
• As cues from the international market dropped owing to the upcoming Fed minutes, gold rates in Delhi was also affected. This caused the going rate to drop down to Rs.3,182 per gram on the 22nd.
• On the 23rd, gold continued to trade at Rs.3,182 per gram as gold steadied against the dollar and local demand reflected that.
• When trading started for the 24th, the precious metal’s rates rose to Rs.3,192 per gram as the Fed Reserve decided to keep the rates unchanged.
• With the dollar continuing to tumble amidst the latest situation, gold prices surged further up to Rs.3,203 per gram on the 25th of May.
• While the US dollar tried to exert control, demand continued to rise locally. The metal traded at Rs.3,213 per gram on the 26th.
• After the dollar gained against other currencies on the 27th, prices dropped to Rs.3,203 per gram.

May 2018 - Week 5 (28th - 31st)

• Trading began in the national capital with the yellow metal priced at Rs.3,203 per gram on the 28th with gold capitalising on its gains from the previous session.
• However, with the US dollar regaining lost ground at the international level, gold rates in Delhi plunged to Rs.3,187 per gram on the 29th.
• Poor trend overseas coupled with subdued domestic demand led to gold prices remaining unchanged at Rs.3,187 per gram for the rest of the month.
• The bullion trade in Delhi registered a loss of 0.15% due to the uneven global cues that resulted in an inconsistent demand in the domestic markets during the course of the month.

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.

April 2018 - Week 3 (16th - 22nd)

• In the national capital, gold opened trading at Rs.3,208 per gram on the 16th with the bullion capitalising on the US-led missile strikes on Syria.
• Prices plunged to Rs.3,192 per gram the next day after the US dollar gained on a positive US housing and industrial production report for the month of March.
• Gold rate in Delhi rose marginally to Rs.3,197 per gram on the 18th after the rallying base metal markets fuelled fears of inflationary pressure on the international market.
• Rates remained unchanged at Rs.3,197 per gram the next day with gold supported by the persiting US-China trade war concerns.
• The 20th saw gold rates in Delhi rising by Rs.27 per gram to Rs.3.224 per gram following an incline in safe-haven demand for the metal amid global political tensions.
• Gold prices plunged to Rs.3,213 per gram on the 21st before rising again to Rs.3,218 per gram on the last day following an increased buying by local jewellers to meet wedding season demand at the domestic level.

April 2018 - Week 4 (23rd - 30th):

• Gold opened at Rs.3,218 per gram in Delhi with no changes being seen compared to the previous day.
• On the 24th, gold prices declined to Rs.3,197 per gram - a Rs.21 per gram drop as domestic demand took a massive hit.
• The yellow metal continued to trade at Rs.3,197 per gram before rising up to Rs.3,213 per gram on the 26th.
• Gold rates held on at Rs.3,213 per gram on the 27th but another decline in demand pushed prices down to Rs.3,197 per gram the next day.
• The final day of this week gold rates surged to Rs.3,208 per gram as demand seemed to be on the rise.

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

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)

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)

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.