Gold Rate In Delhi Today

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

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

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

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

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

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

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

• The price of gold in Delhi during the final week of April was subject to minor fluctuations due to variation in the demand for this metal, among other factors.
• Gold traded at Rs.3,041 per gram on the 24th of April due to slightly high demand and stayed steady at this price on the 25th as well.
• However, as week progressed, due to geopolitical factors including Emmanuel Macron’s win in the first round of the French Presidential elections, the rate of gold reduced.
• Gold traded at Rs.3,011 per gram from the 26th of April until the end of the week due to low but sustained demand.
• The rate of spot gold had also decreased by 0.7%.

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

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

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

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

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

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

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

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

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

• Delhi too followed a similar pattern to that of Mumbai, wherein gold rates didn’t see any change until the last day of the week and month.
• When trading began on 27th, gold price in Delhi was at Rs.3,003 per gram - a rate which continued on till the closing hours of the 30th.
• On 31st, gold rate in delhi fell due to a lack of domestic demand to hit Rs.2,991 per gram.

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

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

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

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

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

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

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

• Demand was more or less stable in Delhi in the last two weeks of February, with gold trading at Rs.2,999 per gram on 19th February on consistent demand from the industrial sector.
• Fluctuations in the market due to fears of an economic slowdown did not affect prices in the capital.
• Gold rose to Rs.3,031 per gram on 25th February as markets and currencies fell, raising demand for the yellow metal.
• Gold prices dropped on the last day of the month to trade at Rs.3,020 per gram on 28th February, registering a weekly increase of Rs.21 per gram and a monthly gain of 1.41%.

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

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

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

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

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

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

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

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

December 2016 - Week 1 (1st to 4th)

• Gold price situation in the national capital too remained more or less the same.
• It traded at Rs.2,893 at the beginning of the week on December 1st and continued to be the same on December 2nd too.
• December 3rd, however, saw a noticeable decrease in gold prices as it went down by Rs.6 to hit Rs.2,887.
• At the end of the week, gold prices traded at Rs.2,887, same as the previous day.

December 2016 - Week 2 (5th-11th)

• The national capital didn’t see much of a fall for most of the week, but when the prices fell, they fell hard.
• Gold began trading at Rs.2,887 per gram at the beginning of the week on December 5th and remained the same till the end of December 7th.
• On December 8th, the gold prices increased slightly to hit Rs.2,892 per gram, and continued to be so till the end hours of December 9th.
• On December 10th though, prices fell considerably hard by Rs.28 to hit Rs.2,864 per gram. Prices remained the same at the end of the week on December 11th.

December 2016 - Week 3 (12th to 18th)

• National capital Delhi didn’t see any major change in gold prices as they saw some fluctuations only twice throughout the week.
• Gold traded at Rs.2,864 at the beginning of the week on December 12th and continued to be the same till December 14th.
• On 15th gold prices decreased by Rs.42 per gram as it traded at Rs.2,822 per gram.
• At the end of the week, gold prices remained the same as on the 15th and stood at Rs.2,822 per gram.

December 2016 - Week 4 (19th to 25th)

• As India was left relatively cashless courtesy of demonetisation, demand for gold wasn’t on a high.
• The week in Delhi started with gold trading at Rs.2,822 per gram.
• For much of the week till the 22nd, gold rates remained at Rs.2,822 per gram, same as on the 19th.
• On the 23rd, however, gold prices decreased to round off at Rs.2,800 per gram and went on remain so till the end of the week on 25th.

December 2016 - Week 5 (26th to 31st)

• The demand for gold was muted due to demonetisation leading to a shortage of funds in the economy.
• Gold was priced at Rs.2,800 per gram on 26th December, with the price staying constant till the 28th.
• Prices rose marginally on 29th December, with gold trading at Rs.2,833 per gram as the deadline for the exchange of old demonetised currency drew close.
• Prices rose as the month ended, with gold trading at Rs.2,844 on the 30th and 31st of December.

November '16 - Week 1 (1st to 6th)

• Gold traded at Rs.3,099 per gram on 1st November.
• The constant trend was broken this week as prices started to climb.
• The festive season and wedding season resulted in high demand in the domestic market.
• The U.S. Federal Reserve has signalled for a rate hike in December.
• Prices climbed to Rs.3,213 per gram on 5th and 6th November, the highest price for this week.

November '16 - Week 2 (7th to 13th)

• Gold traded at Rs.3,211 per gram from 7th to 10th November.
• There was steady demand for gold in the domestic market on account of the wedding season.
• Prices started to fall on 11th November owing to rising expectations of the Fed rate hike.
• On the domestic front, the ban on Rs.500 and Rs.1,000 notes led to gold purchases declining.
• Prices of gold fell to Rs.3,071 per gram on 11th November and remained unchanged for the rest of the week.

November '16 - Week 3 (14th to 20th)

• Gold continued to trade at Rs.3,071 per gram from 13th to 16th November.
• Cash shortage in the country on account of demonetisation led to a fall in demand this week.
• Prices of gold dropped further to Rs.2,994 per gram by the end of the week.
• The dollar weakened in the global market leading to a rise in demand for gold but this had no effect on the domestic market trends.
• Gold prices are expected to stay down till the economy stabilises and cash supply returns to normal.

November '16 - Week 4 and 5 (21st to 30th)

• Cash crisis in the nation took a tremendous toll on the gold this week which saw a 75% drop in business.
• Gold traded at Rs.2,994 per gram at the start of the week.
• Prices of the metal declined as domestic trends coupled with a rising dollar did not work well for gold.
• Gold traded at Rs.2,941 per gram in the last week on November.
• Even though the wedding season is at its peak, demand for gold has been low on account of demonetisation.

October '16 - Week 1 (1st to 7th)

• Steady demand in the domestic market helped gold prices stay stable at the start of the week.
• Gold traded at Rs.3,205 per gram from 1st to 4th October.
• Prices of gold slipped drastically as talk of a Fed rate hike grew louder.
• In the domestic market, strict tax laws and an RBI rate cut dampened the demand for gold.
• Gold prices started to fall on 5th October and by the end of the week, gold was trading at Rs.3,088 per gram.

October '16 - Week 2 (8th to 14th)

• Gold prices continued to trade at Rs.3,088 per gram for the entire week.
• Global trends were positive with the anticipation of a Fed rate hike moving slowly.
• There was a steady flow of demand from jewellers and retailers in the domestic market.
• Even though gold rates fell globally at the end of the week, prices were able to stay constant in Delhi.

October '16 - Week 3 (15th to 21st)

• The constant trend of gold rates in Delhi continued this week.
• Firm trends overseas coupled with a steady inflow of demand in the domestic market gave support to gold prices.
• Gold traded at Rs.3,088 per gram throughout the week.
• The wedding season is expected to boost demand for gold.

October '16 - Week 4 (22nd to 28th) & Week 5 (29th to 31st)

• Gold rates in Delhi have continued to trade at a steady pace.
• Gold traded at Rs.3,088 per gram from 22nd October till 25th October.
• Demand for the yellow metal picked up by 26th October as the dollar weakened in the global market.
• On the domestic front, demand spiked amid the festive season.
• Gold prices climbed to Rs.3,099 per gram on 26th October and remained unchanged till the end of the month.
• The Fed rate hike is expected to take place gradually which increased the safe-haven appeal of gold.
• With the wedding season approaching, domestic jewellers have increased their intake in preparations to meet high demand.

September '16 - Week 1 and 2 (1st to 10th)

• Gold traded at relatively stable rates this week.
• Gold prices were Rs.3,184 per gram on 1st September after which it climbed to Rs.3,195 per gram on account of lowered expectations of a rate hike by the U.S. Federal Reserve.
• Stable domestic demand and weak U.S. economic data kept prices at Rs.3,228 per gram by the end of the week.

September '16 - Week 3 (11th to 17th)

• U.S. Federal Reserve officials were confident that the economy could handle an interest rate hike this month despite weak data in the recent months.
• Gold prices fluctuated this week as demand for gold fell as it lost its safe haven appeal.
• Gold traded at Rs.3,228 per gram on 11th September.
• Prices climbed to Rs.3,216 between September 13th and 15th, but was quick to fall again on 16th September, buckling under the pressure of global trends.

September '16 - Week 4 (18th to 24th)

• As the U.S. presidential elections are underway, the U.S. Federal Reserve has decided to not raise interest rates for now. The targeted window for a rate hike is December.
• The market saw bullish signs and rates started to climb.
• Gold traded at Rs.3,195 per gram at the beginning of the week.
• By 22nd September, gold prices reached Rs.3,227 per gram and stayed constant for the rest of the week.
• Domestic demand is expected to remain strong.

September '16 - Week 5 (25th to 30th)

• Amid a bearish atmosphere in the global markets, gold prices dropped this week.
• The dollar gained strength as the U.S. consumer market gained confidence.
• Gold traded at Rs.3,227 per gram from 25th to 28th September.
• Prices plummeted to Rs.3,207 per gram on 29th September.
• Demand in the domestic market also fell in result of global trends.

August '16 - Week 1 (1st to 7th)

• The price of gold was stable for the first three days in August as domestic demand did not reflect overseas trends.
• Gold was trading at Rs.3,219 per gram on the 1st of August and Rss.3,206 per gram on the 7th of August.
• Prices rose to a high of Rs.3,247 per gram as domestic demand picked up and the equity market was still recovering from the previous week’s poor U.S. GDP rates forecast.
• As data from the NFP was higher than expected, markets rallied, resulting in gold demand dropping.

August '16 - Week 2 (8th-14th)

• Gold rates were relatively stable through the week.
• Gold traded at Rs.3,206 per gram at the beginning of the week and experienced minor fluctuations during the week.
• As the festival season dawns upon India, buyers flocked to buy gold leading to a spike on 10th August when gold traded at Rs.3,248.

August '16 - Week 3 (15th-21st)

• The trend from last week continued into the third week as gold traded at constant rates with a slight incline in prices.
• Gold traded at Rs.3,226 per gram on 15th August and climbed to Rs.3,236 per gram.
• Prices settled at Rs.3,238 per gram on 18th August and stayed steady till the end of the week on account of sustained demand in the domestic market.

August '16 - Week 4 (22nd-28th)

• Gold rates dropped drastically this week as the dollar gained its strength.
• Amidst growing expectations of a Fed rate hike, investors were deterred from purchasing gold.
• Gold traded at Rs.3,238 per gram for majority of the week owing to a rise in domestic demand on account of the upcoming festive season.
• Gold dropped to Rs.3,205 per gram by the end of the week.

August '16 - Week 5 (29th-31st)

• Gold rates in Delhi held steady amid a gloomy global market.
• Gold traded at Rs.3,205 per gram throughout the week.
• Gold rates dropped as the month of September began.

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 21^st 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 18^th March. Prices then gradually increased over the next two months to peak at Rs.2,791 on 18^th 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 18^th March. This was followed by a short rally to Rs.2,612 by 18^th May, with the month ending at Rs.2,549.