Gold Rate In Guwahati

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Gold Rate in Guwahati

Guwahati, the largest city and fastest growing city of Assam has a strong bond with gold dating back to centuries. This city becomes a hub for gold lovers during festivals like Danteras and Diwali, attracting people from nearby towns and states. With business enterprises discovering Guwahati, there are increased job opportunities for residents here, leading to higher disposable incomes. Better incomes offer investment opportunities for people, which is where gold steps in, as the most preferred form of investment here. Gold rates in Guwahati are a reflection of international gold rates, with prices varying according to the politico-economic scenario in the country.

Gold jewellery continues to be a favourite among Guwahati residents, with gold coins, bars, ETFs and E-gold slowly gaining popularity.

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

Gold Rate Trend in Guwahati for February 2019:

• Despite fluctuations in demand and declining interest from Asian markets, gold prices in Guwahati rose marginally during the month after posting an opening of Rs.3,431 per gram.
• Prices rose to Rs.3,455 per gram on 6 February after the dollar dropped on fears of another government shutdown, prompting a rise in both local as well as overseas demand for the yellow metal.
• As equity markets stabilised and the dollar recovered, retail demand dropped due to the high costs and the metal slipped to Rs.3,399 per gram on 15 February.
• Ongoing Sino-U.S. trade talks bolstered equities and saw a slight rise in demand from Asia which helped gold prices climb to Rs.3,497 per gram on 21 February but a drop in local offtake saw gold end the month at Rs.3,460 per gram.

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

Gold Rate Trend in Guwahati for January 2019:

• Fluctuating fortunes saw gold rates in Guwahati rise steadily after opening at Rs.3,282 per gram on 1 January before falling steeply towards the middle of the month on weakening local demand.
• Ongoing trade tensions between the U.S. and China reduced industrial imports from Asia. Though strong regional demand kept prices from falling too sharply.
• A weak dollar rate and uncertain equity markets increased interest in gold as prices rose to Rs.3,338 per gram on 18 January.
• Prices stagnated for a few days as the dollar recovered after the shutdown ended, though prices rose as the month ended to trade at Rs.3,428 per gram on 31 January and record a 4.44% rise in overall value.

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

Gold Rate Trend in Guwahati for December 2018

• The first week of December witnessed an increase in the price of gold in Guwahati, as the demand picked up ahead of the wedding season. It started the week at Rs.3,166 per gram on December 1 and ended the same at Rs.3,230 per gram on the 7th.
• The second week started with gold holding steady at Rs.3,226 per gram, as the investors took note of the appreciation in the dollar index and speculation of fewer rate hikes by the U.S. Federal Reserve.
• In the third week of the month, the gold price was rather volatile as its behaviour was dictated by tumultuous equities and a sliding dollar. As a result, gold edged higher and reached the Rs.3,273 per gram mark on December 20.
• Gold was on the rise in the closing days of the month as well, as equities sell-off and global growth concerns boosted the demand for the safe-haven asset. This took the gold rate in Guwahati to its monthly high at Rs.3,284 per gram on December 31. This marked an overall increase in the price of gold by 3.72%.

Trend of Gold Rate in Guwahati for November 2018 (rates per gram)  

November 2018- Week 1 (1-4): 

• There was a slight dip in demand for the precious metal as the month began, with gold trading at Rs.3,292 per gram. 
• In spite of festive demand, a weak rupee and reduced offtake from industrial units dented gold rates in Guwahati, with the metal falling to Rs.3,284 per gram on 2 November. 
• Prices recovered marginally as the week drew to a close as retail demand picked up ahead of Diwali, resulting in gold trading at Rs.3,287 per gram. 

November 2018- Week 2 (5-11): 

• Gold prices in Guwahati were static for most of the week as poor overseas offtake capped gains from a rise in local demand. 
• The precious metal opened the week at Rs.3,287 per gram on 5 November and remained constant till 8 November as retail demand was sluggish. 
• The continued fall in the rupee rate against the dollar further dented demand for the yellow metal, with prices falling to Rs.3,266 per gram when the week ended on 11 November. 

November 2018- Week 3 (12-18): 

• The possibility of an interest rate by the Federal Reserve boosted markets and the dollar, as gold rates in Guwahati plummeted during the week. 
• Gold opened the week at Rs.3,266 per gram but dropped to Rs.3,233 per gram on 14 November as retail sales fell due to the high cost associated with a weak rupee. 
• Reduced offtake from Asian industrial units due to the ongoing Sino-U.S. trade conflict also affected the metal’s price, which fell to Rs.3,214 per gram on 18 November. 

November 2018- Week 4 (19-25): 

• Sluggish local demand and poor offtake by jewellers affected gold’s fortunes, with the precious metal priced at Rs.3,214 per gram when trading opened on 19 November. 
• Stable local stock markets and the rising cost of retail gold put off buyers, which was reflected in the gold price in Guwahati falling to Rs.3,197 per gram on 22 November. 
• The decline in price continued to the end of the week, when flagging demand saw the precious metal fall to Rs.3,191 per gram on 25 November. 

November 2018- Week 5 (26-30): 

• The start of the last week saw gold prices in Guwahati remain unchanged with the metal trading at Rs.3,191 per gram on static demand. 
• Positive indicators of a rate hike bolstered the dollar and reduced investment in gold, as prices fell to Rs.3,170 per gram on 29 November. 
• The last day of the month witnessed a marginal drop, as gold ended the month priced at Rs.3,166 per gram to record a 3.82% decline in price over the course of the month.

Trend of Gold Rate in Guwahati for October 2018 (rates per gram)

Trend of Gold Rate in Guwahati for September 2018 (rates per gram)

Trend of Gold Rate in Guwahati for August 2018 (rates per gram)

August 2018 - Week 1 (1 - 5):

• Demand for gold in Guwahati was strong as the month began, with the metal priced at Rs.3,079 per gram.
• As the dollar declined due to geopolitical factors and trade tensions with China, prices took a plunge as overseas demand for gold was poor.
• Local demand rose marginally as jewellers increased orders ahead of the festive season, but gains were capped due to the poor rupee, as gold traded at Rs.3,046 per gram on 4 August.
• The end of the week saw the precious metal’s value rise on increasing overseas demand, trading at Rs.3,059 per gram on 5 August.

August 2018 - Week 2 (6 - 12):

• Following a turbulent week for the commodity, gold opened the second week at Rs.3,059 per gram on 6 August as the dollar fell heavily against other global currencies.
• The ongoing trade dispute between the United States and China resulted in equity markets performing poorly, though the dollar enjoyed a steady rise in value.
• Prices fell to Rs.3,056 per gram on 9 August after a rally by the dollar resulted in a drop in investor interest in the metal.
• As the dollar recovered from reverses, demand for gold continued to fall in spite of stable demand from local jewellers.
• The precious metal fell to Rs.3,052 per gram on 11 August, with the rise in the rupee negating gains made from gold sales.
• There was no change as the week ended as static local demand resulted in gold trading at Rs.3,052 per gram on 12 August.

August 2018 - Week 3 (13 - 19):

• As trade tensions between the United States and China continued to deteriorate, gold prices fluctuated
• Gold in Guwahati was priced at Rs.3.052 per gram at the start of week 3. At this time, both greenbacks and equities weakened, affecting gold rates in Guwahati.
• Favorable market trends coupled with solid global demand helped catapult the price of gold in Guwahati to Rs.3,075 per gram on 14 August, but declined slightly the next day to Rs.3,062 per gram.
• On 17 August, gold rate in Guwahati hit a monthly low at Rs.3,032 per gram as the US dollar strengthened and dominated other currencies.
• Poor domestic demand coupled with weak overseas trends led the gold price in Guwahati to remain relatively stable at Rs.3,043 per gram at the end of the week.

August 2018 - Week 4 (20 - 26):

• Gold in Guwahati was recorded at Rs.3,043 per gram on the 20th when the week began amid favourable trends overseas.
• On 22 August, the gold rate in Guwahati surged to Rs.3,056 per gram after a drop in the dollar value that also led to an increase in investor demand for the metal.
• With the US President criticizing the Fed Reserve’s decision to raise the US interest rates, the dollar value dropped further.
• Strong global demand coupled with positive market trends led to gold price in Guwahati closing at Rs.3,063 per gram on 26 August.

August 2018 - Week 5 (27 - 31):

• During the final week of August, gold rate in Guwahati rose considerably on account of strong trends overseas which increased the demand of gold worldwide.
• Gold in Guwahati was priced at Rs.3,063 per gram on 27 August when the week began.
• With domestic bullion markets capitalising on the US dollar that had dipped in value, gold price in Guwahati surged considerably in the following days.
• With investors and market participants refraining from making purchases ahead of the Federal Reserve Chairman’s statement on the US interest rate hike, the dollar value plunged. This led to gold rate in Guwahati to rise considerably to Rs.3,107 per gram on the 28 and the 29 August.
• The month concluded with gold price in Guwahati being recorded at Rs.3,103 per gram on 31 August, the highest price during August. The state also registered a decline of 2.03% in gold rates during the course of the month.

Trend of Gold Rate in Guwahati for July 2018 (rates per gram)

July 2018- Week 1 (1-6)

• The month began with the Gold rate standing at Rs.3,146 per gram, a slight drop from the last month, which can be associated with the dollar price strengthening.
• The price of the metal rose on 5 July to Rs.3,159 per gram at the same time that the dollar declined. This may have been caused due to tension in the economy after the Federal Reserve increased interest rates that affected the trade policy.
• In the course of the next few days, the price of the metal rose further as the dollar reduced ahead of the Federal Reserve's policy meeting (Fed Minutes) for July.
• The Gold rate for Guwahati remained stable at the end of the week as it stood at Rs. 3,156 per gram.

July 2018- Week 2 (7-13)

• The precious metal started off at Rs.3,165 at the beginning of Week 2, an increment when compared to the end of last week. This may have been the result of a slight decline in the dollar rates.
• In spite of the dollar weakening, Gold rates in Guwahati reduced marginally during the next few days as it stood at Rs.3,163 per gram from 8 - 9 July.
• The price of the metal in Guwahati declined further due to an increased dollar while the trade spat between China and the USA escalated. The metal’s price on 13 July stood at Rs.3,163 per gram.
• The price of the metal in Guwahati, at the end of Week 2, remained at Rs.3,163 per gram.

July 2018- Week 3 (14-20)

• Gold price in Guwahati commenced at Rs.3,120 at the start of Week 3, an increment in the price of the metal from the end of Week 2.
• The dollar price continued to climb, which did not have any effect on the gold price in Guwahati for the coming few days. As on 14 July up to 17 July, the Gold rate stood the same at Rs.3,120 per gram.
• Even weak demand for the precious metal unaffected its rate in Guwahati.
• The US dollar dropped from a three-week high on 19 July, which surprisingly not great for Gold rates in Guwahati. The rate stood at Rs.3,085 per gram on 19 July.
• The gold rate for Guwahati at the end of Week 2 stood at Rs.3,085 per gram.

July 2018- Week 4 (21-31)

• The week started off with the Gold price in Guwahati amounting to Rs.3,090 per gram, a slight increment when compared to the price of the metal at the end of Week 2.
• US dollar declined to a two-week-low on 23 July, which shot up the Gold price in Guwahati. The Gold rate on 23 July stood at Rs.3,103 per gram.
• On 24 July, as the US Treasury yields rose, which did not alter Gold rates substantially in Guwahati. The Gold rate marginally rose to Rs.3,105 per gram.
• On 26 July, the Gold rate decreased despite a slip in the US dollar after the President of USA, Donald Trump and European Commission President Jean-Claude Juncker agreed to work towards eliminating trade barriers. The price of Gold in Guwahati stood at Rs.3,093 per gram.
• The Gold rate then remained relatively stable throughout the rest of the month, and at the end of the month, the gold price in Guwahati was recorded at Rs.3,093. The percentage change of Gold rate in Guwahati was recorded to be -2.03%.

Trend of Gold Rate in Guwahati for June 2018 (rates per gram)

June 2018 - Week 1 (1 - 10):

• When the month began, gold was priced at Rs.3,216 per gram. This was also the highest gold rate for the month - which gave an indication to the fall that would occur over the course of the month.
• On the 2nd, gold prices fell to Rs.3,194 per gram as demand for the metal dropped after strong US payroll data pushed the dollar up.
• Gold rates fell to Rs.3,177 per gram on the 3rd as demand dropped further after investor sentiments remained buoyant and talks about a possible Fed rate hike gripped the market.
• The 4th and 5th saw gold rates continue at Rs.3,177 per gram before falling slightly to Rs.3,176 per gram on the 6th due to weak cues.
• On the 7th, local demand surged a little bit, which caused gold rates to go up to Rs.3,183 per gram.
• As demand continued to rise steadily, gold rates surged to Rs.3,204 per gram on the 9th before continuing at the same rate on the 10th as well.

June 2018 - Week 2 (11 - 17):

• When trading began on the 11th of June, gold was priced at Rs.3,204 per gram, which then dropped to Rs.3,199 per gram as the US-North Korea summit went ahead as planned.
• The summit, held in Singapore, faced numerous hurdles from but turned out to be highly successful for all parties involved.
• This caused gold rates to fall to Rs.3,194 per gram on the 13th and holding at this rate on the 14th.
• A rise in demand pushed gold rates in Guwahati up, albeit for a brief period, to Rs.3,210 per gram on the 16th of June.
• The final day of the week, however, saw prices drop slightly due to poor demand.

June 2018 - Week 3 (18 - 24):

• The third week of June opened for trading on the 18th, during which gold was priced at Rs.3,192 per gram.
• This fell to Rs.3,182 per gram the next day as demand was uneven before rising back to Rs.3,193 per gram on the subsequent day.
• Gold continued to trade at Rs.3,193 per gram over the 22nd and 23rd as demand seemed to hold steady ahead of slightly weaker cues.
• On the penultimate day of the week, gold rates fell to Rs.3,155 per gram as demand hit a significantly low point amid concerns that the Fed Reserve would hike interest rates soon.

June 2018 - Week 4 (25 - 30):

• When the final week of June began, gold in Guwahati was priced at Rs.3,161 per gram, which then rose to Rs.3,163 per gram the next day.
• As cues began to improve and local demand was marched towards stability, gold rates remained at Rs.3,163 per gram on the 27th as well.
• Gold rates dropped to Rs.3,161 per gram on the 28th before continuing on its roller coaster ride to trade at Rs.3,163 per gram on the 29th.
• The final day of June 2018 closed with gold rates in Guwahati holding at a meager Rs.3,146 per gram - a Rs.17 per gram decline.
• A strong dollar and an even stronger market pushed gold demand down for most of the month in Patna. Another reason for the fall was a below par demand, and the lack of any real festivities in the Indian subcontinent.
• Price trends recorded a decline of 2.17% this June as purchasing gold became a costly affair after the dollar surged against other apex currencies significantly, and the rupee remained weak.

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

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

• The month began with gold priced at Rs.3,231 per gram but prices fell due to a drop in interest in the metal.
• Investors awaited minutes from the Federal Reserve meeting and an anticipated rate hike announcement, which led to gold price in Guwahati falling to Rs.3,209 per gram on 3 May.
• Prices rebounded as the dollar weakened, which increased interest in the yellow metal among overseas investors.
• Local demand for gold was on the decline as the retail market saw a fall in purchases due to the high dollar rate.
• Prices rose marginally towards the end of the week, as Asian demand for the precious metal kept prices steady.

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

• Gold was priced at Rs.3,221 per gram on 7 May in spite of the dollar index strengthened on positive market cues.
• Local demand was buoyed by increased demand from jewellers despite international trends to the contrary, as the precious metal traded at Rs.3,232 per gram on 10 May.
• Prices continued to rise as tensions between the United States and Iran led to turbulent trading sessions across U.S. equity markets.
• With the U.S. withdrawing from the Iran nuclear deal, gold prices showed a marginal increase as the metal traded at Rs.3,238 per gram on 11 May.
• Prices did not see much change as the week ended on 13 May.

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

• Gold price in Guwahati rose as the third week of May began, with gold trading at Rs.3,254 per gram as strong local demand kept prices steady.
• International trends pointed to contrary performance, as the dollar rose on positive indications of an imminent rate hike.
• Gold rate in Guwahati fell to Rs.3,214 per gram on 17 May as a rise in U.S. bond yields and concerns over the political situation in Italy led to increased confidence in the dollar.
• The drop continued, as gold fell to its lowest price for the month at Rs.3,197 per gram on 18 May as bullion failed to recover from earlier losses.
• Local demand was static as the dollar rate continued to strengthen, with gold ending the week priced at Rs.3,216 per gram on 20 May.

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

• There was a marginal rise in gold rates in Guwahati as the dollar index dropped on political instability.
• Gold opened the week priced at Rs.3,216 per gram on 21 May before sliding to Rs.3,206 per gram on 23 May on declining local demand.
• Asian demand in gold rose even though the dollar was at a 5-month high after positive remarks on rate hikes by the Federal Reserve.
• Gold price in Guwahati jumped to Rs.3,235 per gram on 25 May as Donald Trump announced the recently-called off talks with North Korea would go ahead.
• Safe-haven demand for gold fell but prices did not see much fluctuation for the rest of the week, ending at Rs.3,225 per gram on 27 May.

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

• The last week of May saw gold prices fall as the dollar enjoyed a long run of positive trading, as the yellow metal traded at Rs.3,225 per gram on 28 May.
• Prices remained constant for most of the short week as local demand continued to fall on negative international cues.
• The month ended with gold priced at Rs.3,217 per gram to record a minimal rise of 0.43% in value.

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

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

• Gold rate in Guwahati were on the increase in the first week of April, as demand from local jewellers was strong.
• The precious metal opened the month at Rs.3,159 per gram as industrial demand was also on the rise due to a poor dollar rate.
• Tensions between the United States and China led to market turbulence, which in turn led to an increase in demand for gold.
• Prices rose to Rs.3,188 per gram on 4 April before regularising towards the middle of the week.
• A slight drop in demand from local industry led to gold price in Guwahati falling to Rs.3,174 per gram on 5 April.
• The week ended with gold priced at Rs.3,162 per gram on 7 April.

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

• The second week of April saw fluctuations in the price of gold as equity markets reacted to geopolitical tensions within the United States.
• Gold was priced at Rs.3,169 per gram on 8 April amidst a strengthening of interest in the metal due to volatile equity markets.
• Local investors also increased orders, as gold prices surged to Rs.3,201 per gram on 12 April.
• Following news of the chemical attack on its civilians by the Syrian government, global equity markets plunged as gold prices jumped to Rs.3,228 per gram on 13 April.
• Gold price in Guwahati remained high for the rest of the week, with minimal dips in price being observed.
• Gold ended the week priced at Rs.3,212 per gram on 15 April.

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

• As news of the retaliatory airstrikes against Syria broke, equity markets plunged and investor interest in safe-haven assets like gold rose.
• The yellow metal traded at Rs.3,212 per gram on 16 April before gold price in Guwahati rose to Rs.3,231 per gram on 18 April as local demand rose on positive market cues.
• Industrial demand from Asia was also on the rise as Asian shares fell sharply on news of a possible rate hike.
• Gold rate in Guwahati reached a monthly high of Rs.3,243 per gram on 21 April, with the price remaining constant as the week ended on 22 April.

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

• Prices were more or less stable in the last week of April as demand for gold was steady but declining.
• Investors stayed away from gold ahead of the release of the Federal Reserve meeting minutes, with gold opening the week at Rs.3,243 per gram on 23 April.
• Strong investor sentiment kept prices stable as the week began before a recovering dollar led to declining interest in gold.
• The precious metal’s value fell to Rs.3,231 per gram on 25 April amidst a general slowing down of demand.
• Gold price in Guwahati jumped to Rs.3,242 per gram on 26 April as the dollar dropped on poor economic data results from the United States.
• The month ended with gold priced at Rs.3,231 per gram on 30 April.

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

March 2018- Week 1 (1st-4th):

• Gold prices in Guwahati were stable in the first week of March, trading at Rs.3,143 per gram when trading opened on 1 March.
• Demand was steady and there was no change in price for most of the short week.
• International demand also saw little in the way of fluctuation in prices, which helped keep local prices stable.
• A jump was seen as the week ended, with gold trading at Rs.3,163 per gram on 4 March.

March 2018- Week 2 (5th-11th):

• There was some fluctuation in the price of gold in the second week, as market forces and international demand influenced local prices and demand.
• Gold was priced at Rs.3,163 per gram on 5 March but prices fell due to a slackening of demand from jewellers as the wedding season came to an end.
• Prices fell to Rs.3,153 per gram on 7 March as local demand dropped on steady stock market performance before rising to Rs.3,170 per gram on 8 March due to demand vagaries.
• Industrial demand was strong overseas but did not impact local prices much, which led to gold falling to Rs.3,143 per gram on 10 March in spite of robust trade in the commodity across the world, especially in Asian countries.
• A marginal rise in price was seen as the week drew to a close with the yellow metal trading at Rs.3,149 per gram on 11 March.

March 2018- Week 3 (12th-18th):

• There was a steady decline in gold prices as stock markets rose and the U.S. Dollar strengthened over the course of the week.
• The precious metal began the week trading at Rs.3,149 per gram on 12 March but soon fell to Rs.3,136 per gram on 14 March as local demand dropped on stagnant demand.
• International demand was also muted as the U.S. Dollar regained some of its lost value after positive unemployment data.
• Gold briefly rose to Rs.3,156 per gram on 15 March before prices once again plunged on declining orders from industry.
• The precious metal traded at Rs.3,132 per gram on 18 March as demand was low across domestic and international markets.

March 2018- Week 4 (19th-25th):

• Gold prices saw a steep rise towards the middle of the week as volatile geopolitical situations as well as a shake-up in the U.S. State Department led to markets plunging.
• The week opened with gold priced at Rs.3,132 per gram on 19 March, with prices rising to Rs.3,140 per gram on 21 March as U.S. stocks tried to recover from the surprise sacking of the U.S. Secretary of State.
• Prices rose to Rs.3,162 per gram on 23 March as the dollar fell on market uncertainty over the Fed’s meeting and the possibility of economic tightening policies.
• Gold surged as the week ended, with the yellow metal trading at Rs.3,198 per gram on 25 March.

March 2018- Week 5 (26th-31st):

• The price of gold was steady towards the start of the week before a sharp drop in demand saw prices plunge later.
• Gold opened the week trading at Rs.3,198 per gram on 26 March as investor sentiment favoured safe-haven assets after a period of market turbulence.
• There was a gradual drop in price over the course of the week, with gold prices falling as industrial demand dropped.
• The yellow metal fell to Rs.3,192 per gram on 28 March before falling to Rs.3,179 per gram on 29 March as retail demand stagnated.
• Demand from jewellers was also poor, as gold fell further to Rs.3,159 per gram on 31 March.

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

February 2018- Week 1 (1 - 4)

• Fluctuating prices were recorded in Guwahati in the first week of February as gold prices were subject to market vagaries.
• Gold opened the week at Rs.3,146 per gram before prices dipped on a slump in demand from jewellers.
• A steady U.S. Dollar led to a reduction in industrial demand both overseas as well as locally.
• Gold pice in Guwahati rose to Rs.3,166 per gram on 3 February on a late rally by the metal before prices slumped sharply to end the week trading at Rs.3,140 per gram on 4 February.

February 2018- Week 2 (5 - 11)

• The fluctuations in the price of gold continued into the second week as markets reeled from geopolitical issues that negatively impacted the bourses.
• Gold was priced at Rs.3,140 per gram on 5 February before prices dropped to Rs.3,126 per gram the following day as local demand fell.
• A recovery in price was seen on 7 February when gold rose to Rs.3,159 per gram following a dip in equity performance, though this was short-lived.
• Gold price in Guwahati fell to Rs.3,108 per gram on 9 February as local demand stagnated due to prohibitively high import rates owing to a high dollar rate.
• Gold rate in Guwahati dropped to their lowest of the month as the week ended, with gold priced at Rs.3,105 per gram on 11 February.

February 2018- Week 3 (12 - 18)

• There was a further decline in the price of gold before a late rally boosted prices as industrial demand was low due to the high cost of import and a bull run by stock markets.
• Gold opened the week trading at Rs.3,105 per gram on poor demand from retail and industrial units.
• Valentines Day led to an increase in sales as gold rate in Guwahati surged to Rs.3,128 per gram on 14 February.
• A steady rise in gold price in Guwahati as attributed to a mid-week market slump as gold prices rose to Rs.3,173 per gram on 16 February.
• A declining dollar rate and uncertain stock markets led investors to bullion as a hedge against equity losses, as gold ended the week priced at Rs.3,191 per gram.

February 2018- Week 4 (19 - 25)

• As industrial demand kept pace in the fourth week, gold price in Guwahati were steady as the week began, trading at Rs.3,191 per gram on 19 February.
• A slight dip in price due to fluctuations in local demand led to prices dropping to Rs.3,168 per gram on 21 February.
• Recoveries by equity markets led to reduced interest in gold and resulted in prices dropping to Rs.3,154 per gram on 23 February.
• As investor confidence in markets rose, the dollar rate also rose against global currencies, making imports of gold more expensive.
• There was no change in price as the week ended on 25 February, with market resurgence and a rising dollar rate attributed to a drop in the price of gold.

February 2018- Week 5 (26 - 28)

• The last week of February saw minimal movement in the price of gold, with the metal opening the week at Rs.3,158 per gram on 26 February.
• Gold price in Guwahati briefly rose to Rs.3,170 per gram on 27 February as markets reacted to tensions between the United States and North Korea.
• A slight drop in price was recorded as the month drew to close, with gold priced at Rs.3,163 per gram on 28 February.
• In spite of a steady decline in price towards the end of the month, gold rate in Guwahati rose by 0.54% over the course of the month.

Find Today's Gold Price in Top Metro Cities

Gold investment avenues in Guwahati

Gold forms an integral part of investments in Guwahati, with different options available to residents to suit their requirements.

Over-the-counter – Gold jewellery, coins and bullion still remain the preferred mode of gold investments in Guwahati, with a number of jewellers and banks offering products for every budgets. Gold prices for products purchased through banks could be higher than prices offered by jewellers on account of quality assurance. GS road is considered a hub for gold jewellers, with stores like Manikchand Jewellers offering a multitude of products to gold enthusiasts.

Market trade – Another avenue which is slowly finding acceptance in Guwahati is E-gold, futures contracts and Exchange Traded Funds, with ETFs being considered a safe investment option.

Also Check Gold Price in NearBy Cities of Guwahati

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