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  • Gold Rate in Delhi

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    28 Mar 2017 ₹ 2,810 ₹ 22,480 ₹ 3,003 ₹ 24,024
    27 Mar 2017 ₹ 2,810 ₹ 22,480 ₹ 3,003 ₹ 24,024
    26 Mar 2017 ₹ 2,800 ₹ 22,400 ₹ 2,993 ₹ 23,944
    25 Mar 2017 ₹ 2,800 ₹ 22,400 ₹ 2,993 ₹ 23,944
    24 Mar 2017 ₹ 2,810 ₹ 22,480 ₹ 3,003 ₹ 24,024
    23 Mar 2017 ₹ 2,810 ₹ 22,480 ₹ 3,003 ₹ 24,024
    22 Mar 2017 ₹ 2,785 ₹ 22,280 ₹ 2,976 ₹ 23,808
    21 Mar 2017 ₹ 2,785 ₹ 22,280 ₹ 2,976 ₹ 23,808
    20 Mar 2017 ₹ 2,780 ₹ 22,240 ₹ 2,971 ₹ 23,768
    19 Mar 2017 ₹ 2,780 ₹ 22,240 ₹ 2,971 ₹ 23,768

    *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.

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

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

    Comparison for 24 K Gold Rates for Delhi February '17

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

    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.

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

    February 1st  Rate Rs.2,978 per gram
    February 28th  Rate Rs.3,020 per gram
    Highest Rate in February Rs.3,031 per gram from 25th-27th February
    Lowest Rate in February Rs.2,957 per gram from 4th-6th February
    Overall Performance Incline
    Percentage Change +1.41%
    Comparison for 24 K Gold Rates for Delhi January '17

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

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

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

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

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

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

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

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

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

    January 1st Rate Rs.2,844 per gram
    January 31st Rate Rs.2,958 per gram
    Highest Rate in January Rs.2,979 per gram on 23rd & 24th January
    Lowest Rate in January Rs.2,844 per gram from 1st-3rd January
    Overall Performance Incline
    Percentage Change +4.00%
    Comparison for 24 K Gold Rates for Delhi December '16

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

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

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

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

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

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

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

    • Gold prices rose in the first few days as demand was high and markets were unstable due to the change of government in the U.S.
    • Gold traded at Rs.2,963 per gram on 22nd January, with the price rising to Rs.2,979 per gram on 23rd January due to a drop in the U.S. Dollar.
    • Prices were fairly stable though they declined gradually for the rest of the week due to lower industrial demand and weak retail demand from Asia.
    • Gold was priced at Rs.2,958 per gram on 31st January as investor demand was muted in anticipation of the U.S. Fed meeting due the next week.
    December 1st Rate Rs.2,893 per gram
    December 31st Rate Rs.2,844 per gram
    Highest Rate in December Rs.2,893 per gram on 1st and 2nd December
    Lowest Rate in December Rs.2,800 per gram from 23rd to 28th December
    Overall Performance Decline
    Percentage Change -1.69%
    Comparison for 24 K Gold Rates for Delhi Novemeber '16

    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.
    1st November rate Rs.3,099 per gram
    30th November rate Rs.2,941 per gram
    Highest rate in November Rs.3,213 per gram on 5th and 6th November
    Lowest rate in November Rs.2,929 per gram on 25th to 27th November
    Overall performance Decline
    % Change -5.09%
    Comparison for 24 K Gold Rates for Delhi October '16

    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.
    1st October rate Rs.3,205 per gram
    31st October rate Rs.3,099 per gram
    Highest rate in October Rs.3,205 per gram on 1st to 4th October
    Lowest rate in October Rs.3,088 per gram on 6th October to 25th October
    Overall performance Decline
    % Change -3.31%
    Comparison for 24 K Gold Rates for Delhi September'16

    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.
    1st September rate Rs.3,184 per gram
    30th September rate Rs.3,217 per gram
    Highest rate in September Rs.3,228 per gram on 7th to 12th September
    Lowest rate in September Rs.3,184 per gram on 1st and 2nd September
    Overall performance Increase
    % Change 1.03%
    Comparison for 24 K Gold Rates for Delhi August'16

    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.
    1st July rate Rs.3,219 per gram
    31st July rate Rs.3,205 per gram
    Highest rate in July Rs.3,248 per gram on 10th August
    Lowest rate in July Rs.3,206 per gram on 6th to 9th August
    Overall performance Decline
    % Change -0.43%
    Comparison for 24 K Gold Rates for Delhi July'16

    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.
    1st July rate Rs. 3,167 per gram
    31st July rate Rs. 3,219 per gram
    Highest rate in July Rs. 3,219 per gram on July 30 and 31
    Lowest rate in July Rs. 3,163 per gram on July 22
    Overall performance Rising
    % Change +1.77%
    Comparison for 24 K Gold Rates for Delhi Jun'16

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

    • Entering July, the prices of gold rallied on an inclined path.
    • Domestic demand kept prices stable while international trends contributed to a rise in gold prices.
    • Prices recorded in the nation’s capital were Rs.3,167 on 1st July and Rs. 3,227 on 10th July.

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

    • Gold prices fluctuated before falling slightly towards the end of the week.
    • Prices were recorded at Rs.3,226 per gram on the first day of the week and Rs.2,199 per gram on the last day.
    • Prices held steady for the first few days before falling for the rest of the week due to market forces and lowered demand.

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

    • Gold rates in Delhi remained stable for most of the week.
    • Prices took a hit on July 22nd trading at Rs.3,163 as expectations of a U.S. Federal Reserve hike grew.
    • Gold managed to climb to Rs.3,178 on 23rd and remained constant till the end of the week.

    July‘16 - Week 5 (25th to 31st)

    • Gold prices were recorded at Rs.3,178 on the 25th and they remained constant on the 26th as well.
    • An increase by Rs.11 pushed prices to Rs.3,189 on the 27th, and prices were stable for another day.
    • Consecutive increases on the 29th and 30th saw prices rise and close the month at Rs.3,219 per gram.
    1st June rate Rs.2,934
    30th June rate Rs.3,105
    Highest rate in June Rs.3,180 on 27th of June
    Lowest rate in June Rs.2,916 on 3rd of June
    Overall performance Rise
    % Change +9.05
    Comparison for 24 K Gold Rates for Delhi May'16

    Jun'16 - Week 1 (1st to 5th)

    • Gold rates were on a constant trend in May and continued the same going into the month of June.
    • Gold traded at Rs. 2,960 on 1st June.
    • Prices dropped to Rs. 2,950 and showed great tenacity for the rest of the week.
    • The constant trend could be attributed to stabilized demand in the domestic and international markets.

    Jun'16 - Week 2 (6th to 12th)

    • Gold traded at Rs. 3,003 per gram on the 6th of June, the second week of the month.
    • Gold price declined two days later by Rs.20 on the 8th of June at Rs. 2,983 per gram.
    • Gold price witnessed some improvement as gold price hit its highest for the week at Rs. 3,045 per gram on the 9th of June.
    • Gold closed the week at Rs.3,006 per gram.

    Jun'16 - Week 3 (13th to 19th)

    • Gold traded at Rs. 3,056 per gram on the 13th of June.
    • Prices shot up by Rs.10 on the 14th of June and remained unchanged till 16th of June.
    • Gold witnessed a rise in the price in the third week of June as gold closed the week at Rs. 3,109 per gram on the 19th of June.

    Jun'16 - Week 4 (20th to 26th)

    • As the week progressed, there was a reduction in the price of gold, albeit slightly.
    • This could be attributed to the easing up of U.S. dollar as well as impact of a potential ‘Brexit’.
    • The highest rate of the week was on the 20th of june where gold traded at Rs. 3,120 per gram.
    • Gold rate closed at Rs. 2,950 per gram which was also one of the lower rates for the entire month.
    • Although there was an increase in the demand for gold, due to other factors, as mentioned previously, there was a dip in the prices.

    Jun'16 - Week 5 (27th to 30th)

    • Prices were recorded at Rs.2.950 on the 27th of June and Rs.3,167 on the 30th of June.
    • Prices fluctuated during the week and marginal losses were written off by subsequent gains.
    • The overall decline in prices between the four days was Rs.217.
    1st May rate Rs. 3,119 per gram
    31st May rate Rs. 2,960 per gram
    Highest rate in May Rs. 3,120 per gram on May 7
    Lowest rate in May Rs. 2,960 per gram on May 31
    Overall performance Decline
    % Change -5.37%
    Graph for Gold Rate in Delhi for April 2016

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

    • Gold prices rose in the national capital over the first ten days of April.
    • Prices were Rs.2,943 on 1stand Rs.2,988 on 10th.
    • Prices increased as sentiments over gold as a safe haven gained popularity on the back of weak economic data from central banks as well as weaker dollar and uncertainty over rate hikes by the US Fed.
    • Gold gained a cumulative amount of Rs.45 over the course of the first 10 days.

    May ‘16 - Week 2 (8th to 14th)

    • Gold rates remained constant for most part of the week, with a small decline on the 10th of May following which prices remained unchanged until the end of the week.
    • Prices were recorded at Rs.3,120 on the 8th of May and Rs.3,080 on the 14th of May.
    • Although there was a decline in prices on Tuesday, prices did not change from their new levels for the remaining five days of the week.

    May ‘16 - Week 3 (15th to 21st)

    • Gold rates fluctuated during the course of the week, recording a small rise on the third day of trading followed by marginal losses on the next two days.
    • Prices were recorded at Rs.3,080 on the 15th of May and Rs.3,048 on the 21st of May.
    • Although there were marginal losses for three days in succession, prices gained stability towards the end of the week.

    May ‘16 - Week 4 (22nd to 28th)

    • Gold rates remained constant at Rs. 3,048 up till 24th May, after which there was quite a decline.
    • Gold prices were recorded at Rs. 3,048 on the 22nd of May and Rs. 2,960 on the 28th of May.
    • Last week saw a small rise in prices but stayed steady towards the end of the week. But this week saw a significant drop owing to expectations of a rate hike soon.

    May ‘16 - Week 5 (29th to 31st)

    • Gold rates remained constant for most part of the week, although it was lower than the price during the beginning of the month.
    • Gold traded at Rs. 2,960 per gram on the last day of the month which was much lower than the highest which was Rs. 3,120 on the 7th of the month.
    • This reduction in price can be attributed to the anticipation of rate hike by U.S. Fed.
    1st April rate Rs 2,943
    30th April rate Rs 3,119
    Highest rate in April Rs 3,119 on 30th
    Lowest rate in April Rs 2,933 on 5th
    Overall performance Gain/Positive
    % Change + 5.98%
    Comparison for 24 K Gold Rates for Delhi, March'16

    Apr'16 - Weeks 1 & 2 (1st to 10th)

    • Gold prices rose in the national capital over the first ten days of April.
    • Prices were Rs.2,943 on 1st and Rs.2,988 on 10th.
    • Prices increased as sentiments over gold as a safe haven gained popularity on the back of weak economic data from central banks as well as weaker dollar and uncertainty over rate hikes by the US Fed.
    • Gold gained a cumulative amount of Rs.45 over the course of the first 10 days.

    Apr ‘16 - Week 3 (11th to 17th)

    • Gold prices fell by Rs.7 in the third week.
    • Prices were Rs.2,988 on 11th and Rs.2,981 on 17th.
    • Gold rates were constant as there were no major events that affected movement of rates.

    Apr ‘16 - Week 4 (18th to 24th)

    • Gold gained Rs.5 in the fourth week.
    • Prices were Rs.3,002 on 18th and Rs.3,007 on 24th.
    • Prices were mostly stable with only a couple changes over the week.

    Apr ‘16 - Week 5 (25th to 30th)

    • Gold rates were unchanged from the previous week, trading at Rs 3,007 on 25th.
    • A steady increase in rates was witnessed through the week.
    • The week ended with gold trading at Rs 3,119, the highest for the month.

    1st March rate

    Rs 3,030

    31st March rate

    Rs 2,948

    Highest rate in March

    Rs 3,030 from 1st to 14th

    Lowest rate in March

    Rs 2,940 on 15th, 16th and 17th

    Overall performance

    Loss/Negative

    % Change

    -2.71%

    Comparison for 24 K Gold Rates for Delhi Feb'16

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

    • First week of March as traders and jewellers in the national capital protested against the proposed move by the government to levy an excise duty of 1% on sale of gold jewellery.
    • Gold was stable at Rs.3,030 all through the week.

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

    • Continuing protests by jewellery associations in the city led to another week of non-trading in gold markets, with no end in sight for the deadlock over introduction of 1% excise duty on non-silver jewellery and mandatory disclosure of PAN details for transactions above Rs.2 lakhs.
    • Gold was stable at Rs.3,030 all through the week.

    Mar ‘16 - Week 3 (14th to 20th)

    • Gold markets remained closed in the national capital over the third week.
    • Gold was stable at Rs.2,998 with minor deviations.

    Mar ‘16 - Week 4 (21st to 27th)

    • Gold traders continued with their protest into the 4th week while jewellers were mostly open for business as the stalemate over proposed taxation changes continued.
    • Prices were constant at Rs.2,998 till 24th and Rs.2,948 from thereon.

    Mar ‘16 - Week 5 (28th to 31st)

    • Strong global cues helped gold rates stabilise themselves, though rates dropped compared to the previous week.
    • Gold rates in Delhi remained constant at Rs 2,948 through the week.

    1st February rate

    Rs.2,712

    29th February rate

    Rs.3,037

    Highest rate in February

    Rs.3,049 on 26th

    Lowest rate in February

    Rs.2,712 on 1st

    Overall performance

    Gain/Positive

    Comparison for Gold Rate 24 K for Delhi

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

    • Gold had a prosperous 1st week of February as prices increased by an overall amount of Rs.156 and breached the 2,800-mark for the first time this year.
    • Prices were Rs.2,712 on 1st and Rs.2,868 on 7th.
    • Gold prices appreciated on all days of the week on the back of increased buying from domestic jewellers to cater to the wedding season demand.
    • Prices breached 2,800-level for the first time on 4th to settle at Rs.2,803, before rising further to Rs.2,868 by 7th to end the week on a high note.

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

    • Gold prices were up in the 2nd week also, touching 19-month highs amid a declining rupee, strong global cues and ongoing wedding season demand from retailers and jewellers.
    • Prices were Rs.2,863 on 8th and Rs.2,946 on 14th.
    • Gold was stable at Rs.2,863 till 10th before dropping marginally to Rs.2,835 on 11th.
    • Prices rallied on 12th by Rs.173 to breach the 3,000-mark for the first time in almost 19 months and settled at Rs.2,008 at the end of the day.
    • Gold slid to Rs.2,946 on 13th and 14th as demand slackened on the domestic front.

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

    • Gold lost Rs.15 over the third week as global cues turned weak while domestic demand from jewellers was also low at the beginning of the week, before recovering by the end of the week.
    • Prices were Rs.3,008 on 15th and Rs.2,993 on 21st.
    • Prices dropped significantly to Rs.2,917 on 16th before recovering by Rs.101 till 19th to settle at Rs.3,018, the highest rate so far this year.
    • Prices slid to Rs.2,993 to end the week on a slightly negative note.

    Feb '16 - Week 4 (22nd to 29th)

    • Gold stayed positive toward the end of February, ending a particularly profiting month which saw net monthly gains touch 4-year highs.
    • Prices were Rs.2,993 on 22nd and Rs.3,037 on 29th.
    • Gold rose to Rs.3,049 by 26th on the back of strong overseas cues as well as scattered buying on the domestic front.
    • Prices dipped to Rs.3,037 on 27th as buying by jewellers and retailers weakened, and remained stable at that level for the rest of the month.
    4th January rate Rs.2,580
    31st January rate Rs.2,756
    Highest rate in January Rs.2,772 on 28th
    Lowest rate in January Rs.2,550 on 5th
    Overall performance Gain/Positive
    % Change +6.82%

    Jan'16 - Week 1 (4th to 10th)

    • Gold saw appreciation of value during the first trading week of 2016.
    • Prices were Rs.2,580 on 4th and Rs.2,631 on 10th.
    • Gold dropped by Rs.30 on 5th to fall to Rs.2,550 before gaining the lost value on the next day to rise to Rs.2,586.
    • Prices breached 2,600-mark for the first time this year on 7th when gold was selling at Rs.2,612.
    • Gold appreciated again in the remaining days of the week on the back of domestic demand and global cues to settle at Rs.2,631 by 10th.

    Jan '16 - Week 2 (11th to 17th)

    • Gold prices declined in the 2nd week.
    • Prices were Rs.2,638 on 11th and Rs.2,599 on 17th.
    • Gold didn’t have any positive trading sessions in the week on the back of subdued domestic sales and global cues.
    • Gold prices were down slightly till 13th to settle at Rs.2,633.
    • Prices declined by Rs.34 on 14th to touch Rs.2,599, where they remained stable for the rest of the week.

    Jan '16 - Week 3 (18th to 24th)

    • Gold gained significant value during the 3rd week.
    • Prices were Rs.2,655 on 18th and Rs.2,703 on 24th.
    • Gold dropped slightly to Rs.2,645 on 19th before rallying in the next three days to Rs.2,714 by 22nd.
    • Gold prices were volatile in the last two days of the week as prices dropped to Rs.2,660 on 23rd before rallying to Rs.2,703 on 24th.

    Jan '16 - Week 4 (24th to 31st)

    • Gold prices appreciated during the last week of the month.
    • Prices were Rs.2,703 on 25th and Rs.2,756 on 31st.
    • Gold rose on the back of strong global cues as well as increased domestic demand by jewellers.
    • Prices rose substantially to Rs.2,772 by 28th before declining over the next two days to Rs.2,702.
    • Gold appreciated by Rs.54 on 31st to end the month at Rs.2,756.

    1st December rate

    Rs.2,551

    31st December rate

    Rs.2,557

    Highest rate in December

    Rs.2,639 on 5th and 6th

    Lowest rate in December

    Rs.2,551 on 1st

    Overall performance

    Gain/Positive

    % Change

    +0.27%

    Dec'15 - Week 1 (1st to 7th)

    • Gold rates in Delhi appreciated in the 1st week of December.
    • Prices were Rs.2,551 on 1st and Rs.2,597 on 7th.
    • Gold gained Rs.59 on 2nd to touch Rs.2,610 before losing out the gains over the next two days to rest at Rs.2,553 on 4th.
    • Prices rallied by Rs.86 on 5th to touch Rs.2,639 and stayed there on 6th also.
    • Rates fell to sub-2,600 level on 7th to rest at Rs.2,597 for the week.

    Dec'15 - Week 2 (8th to 14th)

    • Gold prices appreciated marginally in the 2nd week.
    • Prices were Rs.2,595 on 8th and Rs.2,599 on 14th.
    • Gold dropped to Rs.2,572 on 9th before rallying to Rs.2,581 on 10th.
    • Prices dropped over the next two days to settle at Rs.2,568 on 12th.
    • Gold rose by Rs.66 on 13th to jump to Rs.2,634, but lost Rs.34 on the next day to close the week at Rs.2,599.

    Dec'15 - Week 3 (15th to 21st)

    • Gold prices fell in the 3rd week.
    • Rates were Rs.2,577 on 15th and Rs.2,554 on 21st.
    • Gold lost value for the first 3 days to fall to Rs.2,561 by 18th.
    • Prices rallied on 19th and 20th by Rs.8 and Rs.22 to touch Rs.2,591 on 20th.
    • Gold dropped by Rs.38 on 21st to end the week lower at Rs.2,554.

    Dec'15 - Week 4 (22nd to 28th)

    • Gold prices were stable on the whole in the 4th week.
    • Prices were Rs.2,565 on 22nd and Rs.2,560 on 28th.
    • Gold gained Rs.47 on 23rd to breach the 2,600-mark for the first time in the week to settle at Rs.2,612.
    • The value gained on 23rd was lost on 24th when gold fell by Rs.52 to settle at Rs.2,560.
    • Gold gained the lost value immediately on the next day to rise to Rs.2,612 once more on 25th.
    • Prices remained stable at Rs.2,612 on 26th before dropping marginally to Res.2,607 on 27th.
    • Prices dropped steeply on 28th by Rs.47 to end at Rs.2,560.

    Dec'15 - Week 5 (29th to 31st)

    • Gold prices dropped marginally in the 5th week.
    • Prices were Rs.2,563 on 29th and Rs.2,557 on 31st.
    • Gold rose slightly to Rs.2,565 on 30th before settling at Rs.2,557 for the month.

    1st November rate

    Rs.2,679

    30th November rate

    Rs.2,560

    Highest rate in November

    Rs.2,682 on 16th

    Lowest rate in November

    Rs.2,564 on 19th

    Overall performance

    Loss/Negative

    % Change

    -4.44%

    Nov '15 - Week 1 (1st to 7th)
    • Gold lost value in the first week of the month.
    • Prices were Rs.2,679 on 1st and Rs.2,621 on 7th.
    • Gold rates were stable in the first 3 days of the week hovering around Rs.2,680 mark.
    • Prices dipped substantially on 4th to Rs.2,638 from the previous day’s figure of Rs.2,682, a drop of Rs.44 in a day.
    • Gold stayed stable on 5th and further declined on 6th and 7th.

    Nov '15 - Week 2 (8th to 14th)

    • Gold had a stable 2nd week in Delhi.
    • Rates were Rs.2,621 on 8th and Rs.2,617 on 14th.
    • Gold lost marginal value on 9th to fall to Rs.2,612 before settling on Rs.2,17 on 10th and 11th.
    • Gold gained Rs.12 on 12th to reach Rs.2,629, lost Rs.29 on 13th and gained Rs.17 on 14th to touch Rs.2,617.

    Nov '15 - Week 3 (15th to 21st)

    • Gold rates were volatile over the 3rd week of the month.
    • Week start and end rates were constant at Rs.2,617.
    • Prices rose by Rs.65 on 16th to Rs.2,682 before falling by Rs.86 on 17th to Rs.2,596.
    • Gold appreciated to Rs.2,617 again on 18th and lost Rs.51 on 19th to rest at Rs.2,564.
    • Gold gained value over the next two days to come to Rs.2,617 on 21st.

    Nov '15 - Week 4 and 5 (22nd to 30th)

    • Gold lost value in the last 9 days of the month.
    • Prices were Rs.2,617 on 22nd and Rs.2,560 on 30th.
    • Gold depreciated by Rs.44 over 23rd and 24th to fall to Rs.2,573 on 24th before regaining the lost value on 25th to once again settle at Rs.2,617.
    • Prices feel again on the next day to Rs.2,582 and settled at Rs.2,579 by 29th.
    • Gold lost Rs.19 on the last day of the month to touch Rs.2,560.

    1st October rate

    Rs.2,639

    31st October rate

    Rs.2,679

    Highest rate in October

    Rs.2,735 on 22nd

    Overall performance

    Gain/Positive

    % Change

    +1.52%

    Oct '15 - Week 1 (1st to 7th)

    • Gold rates rose in the first week of October.
    • Prices were Rs.2,639 on 1st and Rs.2,657 on 7th.
    • Gold gained significant value on 5th when there was Rs.65 gain in value in a single day to touch Rs.2,677 from Rs.2,712.
    • There was a decline in rate on 7th to rest at Rs.2,657.

    Oct '15 - Week 2 (8th to 14th)

    • There was a slight increase in rates in the second week of the month.
    • Gold was priced at Rs.2,672 on 8th and Rs.2,682 on 14th.
    • This week was mostly stable for gold as prices stayed within 2,665 to 2,682 level for the most part.

    Oct '15 - Week 3 (15th to 21st)

    • Gold lost some value in the third week of October.
    • Prices were Rs.2,726 on 15th and Rs.2,718 on 21st.
    • Rates were stable in the range of 2,710 to Rs.2,730 for the whole week, with no significant rise or fall.

    Oct '15 - Week 4 (22nd to 28th)

    • Gold lost value in the fourth week of the month.
    • Prices were Rs.2,735 on 22nd and Rs.2,708 on 28th.
    • The rate at the start of the week on 22nd at Rs.2,735 was the highest gold rate in Delhi for October.
    • There was a substantial drop in rate on 23rd when gold rate fell to Rs.2,713, before gaining some value on 24th to settle at Rs.2,722.
    • Prices declined again on 26th to fall to Rs.2,704.

    Oct '15 - Week 5 (29th to 31st)

    • Gold rates dropped significantly in the last 3 days of the month.
    • Prices were Rs.2,722 on 29th, which declined to Rs.2,699 on 30th and fell further by Rs.20 to Rs.2,679 on 31st.

    Gold rate in Delhi at the start of September was at a high of Rs.2,699, as on 1st September. The next couple of days saw prices drop to Rs.2,665 by 4th of the month. Prices continued in the bracket of Rs.2,665-Rs.2,675 over the week, with gold rate touching Rs.2,673 on 7th September. There was a downward slide in prices in the 2nd week of the month. Prices went from Rs.2,667 on 8th to Rs.2,629 by 14th.

    Gold rate recovered over the next week. Starting at Rs.2,627 on 15th, rates appreciated to Rs.2,666 by 18th and remained stable till 21st. Gold rate from 22nd to the end of the month saw a volatile time. Prices depreciated to Rs.2,647 on 23rd September and rallied over the next two days to Rs.2,702 on 25th. This was also the highest gold rate in Delhi for the month of September.

    After peaking to a month high, rates started declining once again. Gold rate at the end of the month on 29th September was Rs.2,653. Gold rate is expected to show volatility in the coming days. However, the oncoming festive season will likely see gold rate appreciations.

    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 in Delhi in 2015

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

    • 24 karat gold prices in Delhi

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

    • 22 karat gold prices in Delhi

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

    Also Check Gold Price in NearBy Cities of Delhi

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

    Read more on Gold

    News About Delhi Gold Rate

    • Gold Prices Fall Below Rs.29,000

      Traders revealed that apart from weak demand, gold was hard hit by a higher possibility of an increase in the Fed rates in addition to a general decline in appeal for precious metals. Internationally, the price of gold declined 0.4% to US$1,196.24 per ounce, which made it the lowest recorded rate since the 31st of January in Singapore. Moreover, a decline in demand from domestic retailers and jewellers at local spot market instigated the downtrend. The price of 99.9% gold in Delhi fell by Rs.400 to Rs.28,850, while the price of 99.5% pure gold also declined by the same amount to settle at Rs.28,700 per 10 grams, which made it the lowest price since the 7th of January. The price of the precious metal fell by Rs.850 over the past four days.

      14th March 2017

    • Gold prices hit a new monthly low

      After undergoing a tumultuous period in November, gold prices hit their lowest rates this month as the US dollar is strengthening.

      Another aspect that has contributed to the drop in gold prices it he recent interest rate hike introduced by the US Federal Reserve for the third time since the year 2006.

      This rate decrease is turning into a cause of concern for gold miners as they are going falling back into the negative territory, having seen a decrease of 20% in the last month alone.

      10th March 2017

    • Gold Falls to Below Rs.30,000 As Silver Keeps Pace at Rs.43,000

      The price of gold fell to below Rs.30,000 for 10 grams on march 6th, 2017 as weak overseas demand and a decline in local demand pushed prices low. Gold fell by Rs.350 to trade at Rs.29,750 for 10 grams on 6th March as local jewellers also reduced demand. Silver prices also sae a decline in price, falling by Rs.300 to trade at Rs.42,800 per kg on 6th March due to reduced offtake from industry and coin makers. While gold prices dropped, sovereign prices remained steady, trading at Rs.24,500 per 8-gram piece. Silver coins also plummeted, trading at Rs.73,000 for 100 pieces. The end of the wedding season and weak trends overseas were the main factors that contributed to the drop in gold and silver prices. Global gold prices also fell, with gold trading at $1,231.90 per ounce in Singapore, while silver traded at $17 an ounce.

      9th March 2017

    • Price of Gold Falls Globally

      The price of gold fell globally as the value of dollar increased. This happened after comments of officials from US Federal Reserve increased expectations of a rise in rates in March. The price of spot gold decreased by 0.4% to $1,243,86 per ounce and the price of US gold futures fell by 0.8% to $1,244.30. Through his speech, Donald Trump, President of the United States, made a lot of promises, but provided very little details about how he would fulfil them. These promises included tax relief to middle class, tax cut for companies, improvement in wages and job for Americans, etc. The price of spot silver fell down by 0.1% to $18.28 per ounce and the price of palladium increased by 0.4% to $771.90. The price of platinum remain unchanged and it was traded at $1,022.80.

      6th March 2017

    • Gold prices gains and settles at Rs. 29,850 per 10 grams

      The prices of gold have recovered by Rs.100 to Rs.29,850 per 10 grams. The positive global cues and increased demand from local jewelers have given a boost to the prices of gold. The demand has also affected the prices for the precious metal - silver. The increased demand from commercial and industrial units have also contributed to the increase in the prices. The demand for gold and silver has increased due to the upcoming marriage season. The trend in increased gold and silver prices are also due to local jewelers, commercial establishments, and more.

      27th February 2017

    • Demand for gold jewellery hits a new low

      The World Gold Council has recently released a study that states that the gold sector has recorded a decline of 15% in comparison to 2015. The report announced that the fall in the demand of gold jewellery was recorded to be 2,042 tonnes in 2016 which is the lowest in the last seven years.

      This decline in the demand was caused due to the rise in gold prices in 2016. The price of gold had increased by 8%. There was also noticeable inertia in the Indian and the Chinese markets. The annual demand of gold jewellery in India dipped by 22% amounting to 662.3 tonnes. The World Gold Council announced that this was the country's biggest fall in the annual demand since the beginning of the documentation of these figures in the year 2009.

      Different reasons have been cited for the negative outcome that includes the strike called by the jewellers in the first quarter, the rise in the price of gold and the demonetization drive that was run by the government in the month of November and December.

      During the fourth quarter, China witnessed bad sales figures at the time of the festivals. There was also a rise in the price of gold in the Chinese markets. These factors led to the decline in the demand for gold in China. The report released by the WGC recorded a fall of 17% amounting to 753.4 tonnes in China.

      23rd February 2017

    • Gold Prices Increase to Rs.29,900 for every 10 grams

      Gold prices increased by Rs.50 to reach Rs.29,900 for every 10 grams on Thursday. This rise in rates is due to the increased purchase of gold by local jewellers for meeting demands of the wedding season and overseas market trends. Gold rates increased by 0.05% to US$1241.60 per ounce in Singapore. Silver rates increased by 0.03% to US$17.75 per ounce. In Delhi, price of gold of 99.5% and 99.9% purity increased by Rs.50 to Rs.29,750 and Rs.29,900 respectively. The price of silver coins increased by Rs.1,000 to Rs.73,000 for purchasing and Rs.74,000 for selling 100 pieces.

      11th February 2017

    • Increase in Sale of Gold Jewellery during Guru Pushya Nakshatra

      An increase in the sale of gold jewellery was seen on Guru Pushya Nakshatra. The sale rose by 30% because of festive purchases, but it was still 50% to 60% lower compared to the sale during the same time last year. Gold rate on Thursday was Rs.100 less than the previous day and it settled at Rs.29,800 for every 10 grams. To attract customers, jewellers had offered discounts on making charges. Some jewellers said that most customers are making purchases using debit/credit cards or cheques, but they are facing a problem in rural areas where people indulge in cash transactions and do not have PAN Cards.

      10th February 2017

    • Gold rates around the world record a 4-year high

      Nearly a decade after the world was hit by 2008 crisis, things seem to have turned around lately. According to some reports published by major media houses from around the world, gold rates have hit a high for the first time in 4 years.

      This happened in 2016, where global demand saw an increase of 2% to hit 4,309 tonnes, the highest level since 2013.

      The news was also confirmed by World Gold Council (WGC), which released its latest Gold Demand Trends Report on February 3rd. Known as the global authority on gold, the council stated that 2016 was a year of major political upheaval which brought about a massive overflow of new investors into gold.

      Some of the major catalytic factors, the council said, were Brexit, China’s economic slowdown, and the US Presidential Elections among others, all of which boosted investor sentiment towards gold.

      The report also suggested that, gold prices fell in India and China by 21% and 7% respectively despite growing demands during the fourth quarter of 2016.

      Brexit fears which began in June 2016, on the other hand, brought about a two-year high in gold rates to $1,370 and later increased during November to $1,337.40 when Donald Trump emerged victorious in US elections.

      9th February 2017

    • Gold Prices Surge On Budget Day

      The price of gold rose on 1st February as jewellers increased purchases, which pushed prices higher. Gold traded at Rs.29,750 for 10 grams on 1st February, 2017, an increase of Rs.200 from the rate on 31st January, 2017.

      Gold prices have been rising since 28th January, 2017, and have gained Rs.600 since that day. The rise in price has been attributed to high demand due to the ongoing wedding season as well as higher demand due to market fluctuations abroad.

      In Delhi, 99.5 purity gold traded at Rs.29,750 for 10 grams on 1st February, 2017. 99.9 purity gold traded at Rs.29,600 for 10 grams on the same day.

      Silver prices also rose, with the metal registering an increase of Rs.300, trading at Rs.42,200 per kg on 1st February, 2017.

      2nd February 2017

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

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