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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 September 2017 (rates per gram for 24 karat gold)
|Parameters||Gold price (24 karat)|
|Gold rate on 1st September 2017||Rs.3,041 per gram|
|Gold rate on 30th September 017||Rs.3,109 per gram|
|Highest Rate in September||Rs.3,185 per gram on 8, 9, 10 and 11 September|
|Lowest Rate in September||Rs.3,041 per gram on 1 and 2 September|
|Overall Monthly Performance||Incline|
September 2017- Week 1 (1st-10th)
- Gold started off on a low note with reduced demand from retail jewellers and investors in Guwahati.
- The yellow metal traded at Rs.3,041 per gram on the 1st and the 2nd with steady demand for the metal.
- Prices rose to Rs.3,049 per gram on the 3rd due to a slight increase in demand.
- Gold rates in Guwahati went further up to Rs.3,065 per gram on the 4th after North Korea announced their powerful nuclear weapon tests to the world.
- Gold continued trading at Rs.3,065 per gram on the 5th and 6th, thanks to positive domestic demand for the metal.
- On the 7th, gold prices in Guwahati fell to Rs.3,052 per gram as demand for the precious metal dropped globally.
- North Korea’s confirmation on their successful nuclear tests boosted safe-haven investments around the world. This resulted in gold rates surging to Rs.3,185 per gram on the 8th - the highest recorded monthly figure in Guwahati.
- The precious metal continued trading at Rs.3,185 per gram for the rest of the week, owing to steady demand in global as well as domestic markets.
September 2017 - Week 2 (11th-17th)
- Gold opened on a high note in Guwahati, priced at Rs.3,185 per gram on the 11th.
- However, gold rates plummeted the next day as the US dollar regained value, and the precious metal was trading at Rs.3,133 per gram.
- Local demand dropped as investors suspended purchases due to high rates for the metal. But, prices rose uncharacteristically to Rs.3,141 per gram on the 13th.
- Gold prices in Guwahati went up marginally to Rs.3,142 per gram the next day with a slight incline in local demand.
- The yellow metal rates rose further to Rs.3,145 per gram on the 15th and remained steady for the remainder of the week.
September 2017 - Week 3 (18th-24th)
- Gold traded relatively low at Rs.3,133 per gram on the 18th, when the week began.
- Demand for the metal dropped on the 19th pushing prices down to Rs.3,117 per gram.
- Thanks to positive global cues coupled with increased demand, gold rates in Guwahati surged to Rs.3,127 per gram on the 20th.
- Gold rates in Guwahati remained untouched on the 21st and the 22nd with steady demand from investors and retail jewellers.
- However, reduced purchases resulted in priced dropping to Rs.3,111 per gram on the 23rd.
- The rest of the week saw gold trading at Rs.3,111 per gram with low but steady demand.
September 2017 - Week 4 (25th-30th)
- The 25th witnessed gold trading at Rs.3,101 per gram due to lowered local demand.
- Gold rates went up to Rs.3,105 per gram on the 26th as demand increased slightly with the arrival of the festive season.
- Prices remained the same on the 27th with steady local demand for the metal.
- Despite a weak global trend, gold prices rose to Rs.3,109 per gram on the 28th due to increased demand in the city.
- Gold price in Guwahati remained unchanged at Rs.3,109 per gram for the rest of the week, thanks to steady local demand for the precious metal.
Trend of Gold Rate in Guwahati for August 2017 (rates per gram for 24 karat gold)
|Parameters||Gold price (24 karat)|
|August 1 Rate||Rs.3,005 per gram|
|August 31 Rate||Rs.3,041 per gram|
|Highest Rate in August||Rs.3,072 per gram on 17 August|
|Lowest Rate in August||Rs.2,971 per gram on 7 August|
|Overall Monthly Performance||Incline|
August ‘17- Week 1 (1st to 6th)
- There was a decline in the price of gold in the first week of August in Guwahati as stable stock markets as well as poor domestic demand led to falling prices.
- Gold was priced in Guwahati at Rs.3,005 per gram on 1 August but prices dropped to Rs.2,977 per gram on 3 August as weak industrial demand lowered prices.
- A rally by European markets led to a drop in orders from Europe, though a fluctuating dollar rate led to gold prices in Guwahati rising to Rs.2,991 per gram on 4 August on strong overseas demand.
- The end of the week saw the price of gold fall to Rs.2,975 per gram on 5 & 6 August as there was a significant drop in industrial orders due to the high import rate.
August ‘17- Week 2 (7th to 13th)
- Protracted demand for gold kept prices stable as the week began, with gold priced at Rs.2,971 per gram on 7 August.
- While the dollar rate continued to see marked fluctuations, investors were wary of investing in gold prior to U.S. jobs data being released.
- With unemployment rates still a concern, there was a rise in demand for safe-haven assets as jobs data was disappointing.
- Gold price in Guwahati rose from Rs.2,975 per gram from 8-10 August to trade at Rs.3,034 per gram on 11 August following the testing of a ballistic missile by North Korea.
- Demand for gold remained steady as markets crashed amid political turmoil in the Korean peninsula, with gold price in Guwahati was at Rs.3,037 per gram as the week ended on 13 August.
August ‘17- Week 3 (14th to 20th)
- Gold price in Guwahati continued to rise in the third week of August as local demand also rose on favourable market conditions.
- Gold was priced at Rs.3,030 per gram on 14 August and surged to Rs.3,049 per gram on 16 August as war rhetoric between the United States and North Korea led to panic across global markets.
- Stocks continued to plummet as domestic crises engulfed the United States, leading to increased trading in gold and gold securities, as the yellow metal traded at Rs.3,072 per gram on 17 August.
- Prices stabilised as the week progressed as the metal traded at Rs.3,040 per gram on 19 & 20 August.
August ‘17- Week 4 (21st to 27th)
- Prices were stable as the fourth week began, with steady demand from overseas markets like China keeping prices from fluctuating steeply.
- Gold opened the week at Rs.3,030 per gram on 21 August as demand from Europe was on the decline in spite of renewed Greek austerity package troubles.
- The upcoming hurricane season and impending landfall of Hurricane Harvey led to conservative buying by U.S. investors, which kept gold at a sedate Rs.3,034 per gram on 22 August.
- Demand was steady but stagnant for much of the week, with prices dipping to Rs.3,029 per gram on 25 August.
- Gold price in Guwahati recovered marginally as the week ended, trading at Rs.3,035 per gram on 26 & 27 August.
August ‘17- Week 5 (28th to 31st)
- The economic impact of Hurricane Harvey as well as the escalation of threats from North Korea led to stock markets being unstable, prompting increased demand for bullion.
- Gold was priced at Rs.3,058 per gram on 28 August, a jump of Rs.50 per gram over the weekend as local and overseas demand spiked.
- Prices plunged to Rs.3,015 per gram on 29 August due to a late rally by the dollar, though this was short-lived.
- Demand for gold surged as the month drew to a close, with the precious metal trading at Rs.3,041 per gram on 30 & 31 August.
- There was an overall increase in the price of gold by 1.19% in spite of sharp fluctuations in its value.
|Parameters||Gold price (24 karat)|
|July 1st Rate||Rs.3,011 per gram|
|July 31st Rate||Rs.3,001 per gram|
|Highest Rate in July||Rs.3,044 per gram on 3 July|
|Lowest Rate in July||Rs.2,909 per gram on 10 July|
|Overall Monthly Performance||Decline|
July ‘17- Week 1 (1st to 9th)
- The price of gold fluctuated in the first week of July due to conflicting cues from industry.
- Gold traded at Rs.3,011 per gram on 1 July and rose to Rs.3,044 per gram on 3 July due to a momentary dip in the U.S. dollar rate.
- Ongoing geopolitical issues in the United States led to markets being volatile, but demand dropped to Rs.3,022 per gram on 4 & 5 July.
- Prices continued to drop as the G20 summit led to a rise in investor confidence in the markets, resulting in gold price in Guwahati falling to Rs.2,992 per gram on 8 & 9 July.
July ‘17- Week 2 (10th to 16th)
- Gold price in Guwahati opened at Rs.2,909 per gram on 10 July, the lowest rate for the month as demand remained low.
- Industrial demand was sluggish as the U.S. dollar rate was steady, making imports more expensive.
- Local demand was also on the decline as prevalent trends pointed to lower demand for bullion, as gold traded at Rs.2,915 per gram on 13 July.
- Demand dipped to Rs.2,903 per gram on 14 July before rising to end the week at Rs.2,920 per gram on 16 July.
July ‘17- Week 3 (17th to 23th)
- A recovery in the price of gold precipitated by the gradual decline in the dollar rate was observed in the third week of July, with gold trading at Rs.2,920 per gram on 17 July.
- Prices rose to Rs.2,939 per gram on 19 July as local demand, especially from jewellers boosted demand as consumers accustomed themselves to the new rates after GST.
- Demand for gold surged as tensions with North Korea resumed, as investors rushed to invest in safe-haven assets like bullion.
- Gold rate in Guwahati rose to Rs.2,955 per gram on 21 July before jumping to Rs.3,002 per gram on 22 & 23 July.
July ‘17- Week 4 (24th to 31st)
- Gold price in Guwahati fluctuated in the last week of July as market forces propelled gold towards increased demand.
- Gold traded at Rs.2,993 per gram to 24 July and fell to Rs.2,972 per gram on 26 July due to a drop in overseas demand.
- The Federal Reserve monetary policy announcement due later in the week led to some positive trading on the markets, as gold prices declined marginally.
- As local demand picked up, gold price in Guwahati rose to Rs.2,992 per gram on 27 July before rising to Rs.3,007 per gram on 29 July due to higher trading volumes from Asian markets.
- Prices dipped slightly as the month ended with gold priced at Rs.3,001 per gram on 31 July, recording a 0.33% drop in price over the month.
|Parameters||Gold price (24 karat)|
|June 1 Rate||Rs.3,030 per gram|
|June 30 Rate||Rs.3,011 per gram|
|Highest Rate in June||Rs.2,080 per gram on 7 June|
|Lowest Rate in June||Rs.2,994 per gram on 19 & 20 June|
|Overall Monthly Performance||Decline|
June ‘17- Week 1 (1st to 4th)
- Demand for gold was high in the first week of June in Guwahati as regional demand as well as overseas industrial demand was on the increase.
- Gold was priced at Rs.3,030 per gram on 1 June before prices dropped to Rs.3,011 per gram on 2 June due to a minor dip in overseas demand.
- The volatile U.S. markets and a sliding U.S. dollar rate led to an increase in gold demand from investors, with prices rising to Rs.3,048 per gram on 3 June.
- There was no change in the price of gold in Guwahati as the week ended, with the metal trading at Rs.3,048 per gram on 4 June.
June ‘17- Week 2 (5th to 11th)
- Demand rose as markets were volatile following renewed allegations against incumbent President Trump in the election scandal, with gold opening the week at Rs.3,48 per gram on 5 June.
- Gold price in Guwahati rose to Rs.3,063 per gram on 6 June as local demand rose due to favourable market conditions.
- WIth GST to be implemented at the end of the month, retail demand for the metal was high, which helped push prices to Rs.3,080 per gram on 7 June.
- As U.S. jobs data was released, markets rallied on investor confidence leading to a drop in gold prices as the yellow metal traded at Rs.3,066 per gram on 8 June.
- Prices continued to dip as the week drew to a close, with gold priced at Rs.3,028 per gram from 9-11 June.
June ‘17- Week 3 (12th to 18th)
- Prices were on the decline in the third week of June as investor sentiment was high and markets were buoyed by positive trading cues, resulting in gold falling to Rs.3,024 per gram on 12 June.
- Demand rose marginally to trade at Rs.3,026 per gram on 14 June before prices plunged to Rs.3,012 per gram on 15 June.
- Overseas demand was also muted as the high U.S. dollar rate made imports more expensive, leading to lower demand for the precious metal.
- The week ended with gold priced at Rs.3,012 per gram on 18 June due to poor demand.
June ‘17- Week 4 (19th to 25th)
- Gold was priced at Rs.2,994 per gram on 19 June as the slide in demand continued into the fourth week.
- Fears of a repeal of Obamacare in the U.S. led to markets faltering and gold capitalised on the slump, rising to Rs.2,999 per gram on 21 June.
- Local demand was steady and kept prices from falling further, as international demand continued to be muted.
- There was no change in the price of gold as the week drew to a close, with gold continuing to trade at Rs.2,999 per gram on 25 June.
June ‘17- Week 5 (26th to 30th)
- Prices were stable in the last week of June as local retail demand was strong and kept prices stable in light of declining industrial demand.
- Gold traded at Rs.2,999 per gram on 26 June, remaining unchanged from the previous week due to relatively stable demand.
- European demand increased as the dollar fell heavily against other global currencies, with gold prices rising to Rs.3,011 per gram on 27 June.
- Gold prices were steady for the remainder of the week, trading at Rs.3,011 per gram till the end of the month.
- In spite of the late rally, gold lost 0.62% of its value over the course of the month.
|May 1st Rate||Rs.3,021 per gram|
|May 31st Rate||Rs.3,015 per gram|
|Highest Rate in May||Rs.3,034 per gram on the 30th of May|
|Lowest Rate in May||Rs.2,937 per gram on the 11th of May|
May ’17 – Week 1 (1st – 7th)
- Gold traded at Rs.3,021 per gram on the first day of the month of May in Guwahati. However, this rate was not sustained and the rate of gold reduced the next day to trade at Rs.3,002 per gram. Gold continued to trade at this price on the 3rd of May as well.
- However, the price of gold was near a three-week low following diminishing demand for sale-haven bullion as Asian equities rallied. At the same time, the U.S. dollar gained as compared to the yen resulting in a drop in the price of gold.
- Rate of this metal reduced on the 4th of trade at Rs.2,994 per gram prior to increasing marginally on the 5th of May to trade at Rs.2,953 per gram.
- On the last two days of the week, gold was priced at Rs.2,947 per gram in Guwahati.
May ’17 – Week 2 (8th – 14th)
- Due to a fall in demand, the price of gold continued to fall as well with this metal trading at Rs.2,943 per gram on the first day of the second week.
- As the week progressed, the price of this metal continued to fluctuate due to various geopolitical factors as well as decline in demand.
- Gold traded at Rs.2,943 per gram on the 10th of May. The euro strengthened after Emmanuel Macron, a pro-EU candidate won the French presidential election.
- However, as the demand for this precious metal declined, the price of gold declined as well, with this metal trading at Rs.2,937 per gram from the 11th of May. This was also the lowest at which this metal was priced at.
- However, a marginal recovery was noted in the price of this metal as the week progressed, with gold trading at Rs.2,939 per gram on the last two days of the week.
May ’17- Week 3 (15th – 21st)
- The price of this metal was Rs.2,941 per gram on the 15th of May, which was higher than the rate noted during the previous week.
- There was a slight recovery noted in the price of gold as slightly weaker dollar increased the demand for gold.
- Gold was priced at Rs.2,939 per gram on the 16th of May before increasing to Rs.2,957 per gram on the 17th of May.
- As the demand for gold rose, the rate increased as well with this metal trading at Rs.3,003 per gram on the 18th of the month in Guwahati.
- Gold traded at Rs.3,006 per gram on the last two days of the week.
May ’17 – Week 4 (22nd – 28th)
- Gold traded at Rs.3,012 per gram on the 25th and 26th of May due to high and sustained demand.
- As Asian stocks gained, gold rate reduced marginally. In addition to this, the Manchester blast did not have a significant impact on the rate of this metal.
- The U.S. Federal Reserve’s meeting hint at a chance of an interest rate hike which resulted in gold trading quite steadily.
- Gold continued to trade at Rs.3,012 per gram until the 28th of May.
May ’17 – Week 5 (29th – 31st)
- There were a few variations noted in the rate of gold during the last three days of the month in Guwahati.
- Gold was priced at Rs.3,026 per gram on the 29th of May but increased marginally on the 30th to trade at Rs.3,034 per gram.
- Gold traded at Rs.3,015 per gram on the 31st, recording a decline of 0.19% in the rate of gold.
|April 1st Rate||Rs.2,956 per gram|
|April 30th Rate||Rs.2,984 per gram|
|Highest Rate in April||Rs.3,035 per gram on 22nd and 23rd of April|
|Lowest Rate in April||Rs.2,954 per gram from the 8th to the 10th of April|
April 2017 - Week 1 (1st to 9th):
- Due to a weak approach from the US Federal Reserve with regards to the interest rate and a relatively poor US markets, gold was priced at Rs.2,956 per gram on the 1st and the 2nd of April.
- As demand increased slightly, gold prices went up to Rs.2,962 per gram on the 3rd of the month.
- Prices went up again for the third consecutive day as there was a much higher demand for bullion.
- Gold was priced at Rs.2,977 per gram on the 4th and looked set to surge for the days to come.
- As evidence suggested, gold rates went up again on the 5th to reach Rs.2,983 per gram
- Due to price corrections and massive fluctuation in demand, gold prices plunged to Rs.2,954 per gram during the last few days of April week 1.
April 2017 - Week 2 (10th to 16th):
- The second week of April saw gold price fluctuate owing to a number of factors.
- When the week started on the 10th, gold was priced at Rs.2,954 per gram - which happened to be the lowest rate for the entire month.
- As geopolitical concerns grew with US’ involvement in the middle east, gold prices went up as more people began investing in the metal
- Gold was seen trading at Rs.2,968 per gram on the 10th, which then went up significantly to hit Rs.3,010 per gram on the 12th owing to investors putting their money on gold.
- However, demand went down slightly on the 13th as gold rates increased by just Rs.4 to trade at Rs.3,014 per gram.
- Over the last two days of April week 2, gold was priced at Rs.3,040 per gram in Guwahati.
- The surge in prices were mostly due to a constant increase in demand for the metal.
April 2017- Week 3 (17th to 23rd):
- When the third week of April began, gold was priced at Rs.3,034 per gram - a decrease of Rs.6 from the previous day’s prices.
- As there a fall in demand for bullion, gold prices went down to Rs.3,021 per gram on the 18th.
- However, after than brief fall, gold price seemed to recover to end the 19th at Rs.3,031 per gram.
- The increase on the 19th seemed like a false dawn as prices plummeted on the 20th and the 21st for gold to trade at Rs.3,020 per gram.
- A marginal increase in demand from jewellers in particular saw gold rates rise to Rs.3,035 per gram on the 22nd.
- Gold prices were holding at Rs.3,035 per gram during the last day of April week 3.
April 2017- Weeks 4 (24th to 30th):
- On the 24th of April, when the fourth week of April began, gold was priced at Rs.3,012 per gram which was a significant drop from the previous week’s prices.
- As demand kept tumbling, gold rates plunged again to Rs.2,998 per gram on the 25th to mark a decline of Rs.14 per gram.
- Gold was priced at Rs.2,974 per gram on the 27th of April and reduced on the 28th of the month to trade at Rs.2,970 per gram.
- Emmanuel Macron, a centrist candidate won the first round of the Presidential elections in France, thus boosting the prices of stocks.
- During the last two days of April, gold was trading at Rs.2,984 per gram as prices recovered from a fall.
- Gold prices in Guwahati inclined at a rate of 0.94% for the month of April.
|March 1st Rate||Rs.3,030 per gram|
|March 31st Rate||Rs.2,987 per gram|
|Highest Rate in March||Rs.3,018 per gram on 8th March|
|Lowest Rate in March||Rs.2,945 per gram on 15th March|
March 2017 - Week 1 (1st to 5th):
- When March 2017 began, gold was priced at Rs.3,030 per gram but went down slightly by Re.1 on 2nd to hit Rs.3,029 per gram.
- Guwahati saw one of the highest gold rates for the month which was due to an increase in precious metal prices in the city.
- After a good demand during the initial two days, prices slumped on 3rd as buyers took a break from bullion trade.
- On 3rd, gold was selling at Rs.3,015 per gram - a decrease of Rs.14 in just a span of a day.
- The next two days of March week 2, i.e., 4th and 5th, didn’t see any change in gold prices, which remained at Rs.3,015 per gram.
March 2017 - Week 2 (6th to 12th):
- Trading began on 6th for March week 2 and rates remained at Rs.3,015 per gram on 6th and 7th.
- On 8th, prices went up slightly by Rs.3 to bring gold rates up to Rs.3,018 per gram.
- Although, gold rates seemed to increase over the previous two days, they took a massive hit on the 8th as rates went down to Rs.21 to hit Rs.2,997 per gram.
- As demand tumbled so did the gold rates, which brought prices down to Rs.2,980 per gram on 10th.
- Thanks to the strengthening of the dollar, gold prices went up to Rs.2,994 per gram on the 11th.
- Rates didn’t change on the last day of week 2 as gold was still trading at Rs.2,994 per gram.
March 2017- Week 3 (13th to 19th):
- On 13th, gold was trading at Rs.2,994 per gram but went down by Rs.17 on 14th as demand seemed to decrease.
- There was worse to come in the subsequent days, as gold prices went down to Rs.2,945 per gram on 15th - a massive decrease of Rs.32 per gram.
- After a disappointing decrease, gold prices bounced back with a vengeance on 16th to hit Rs.2,983 per gram - an increase of Rs.38 per gram.
- However, prices went down marginally on the 17th to Rs.2,980 per gram but increased again on the 18th to Rs.2,985 per gram.
- When the week ended on 19th, gold was still trading at Rs.2,985 per gram.
March 2017- Week 4 (20th to 26th):
- When the fourth week of March began on 20th, gold was selling at Rs.2,978 per gram.
- On 21st, prices increased very slightly to reach Rs.2,980 per gram and continued at the same rate on the 22nd.
- As demand surged suddenly on 23rd, gold prices shot up to Rs.3,019 per gram - to clock an increase of Rs.39 per gram.
- That increase was however, a one-off instance as prices dropped marginally to hit Rs.3,012 per gram on 24th.
- Rates remained unchanged over the next two days as bullion was still seen trading at Rs.3,012 per gram.
March 2017- Week 5 (27th to 31st):
- Gold was priced at Rs.3,030 per gram on the 27th but seemed to take a downturn till then end of the March.
- On 28th, gold prices went down by Rs.6 to Rs.3,024 per gram as demand went down.
- The 29th, again, saw prices go down to Rs.3,006 - a decrease of Rs.18 per gram this time.
- Prices picked up slightly on 30th to reach Rs.3,008 per gram but fell by Rs.21 to Rs.2,987 per gram on the last day of the week.
- All in all, Guwahati saw gold prices decline at a rate of 1.41% for the month of March.
|February 1st Rate||Rs.2,989 per gram|
|February 28th Rate||Rs.3,008 per gram|
|Highest Rate in February||Rs.3,010 per gram from 22th to 24th February|
|Lowest Rate in February||Rs.2,977 per gram on 2nd February|
February 2017 - Week 1 (1st - 4th):
- When trading opened in Guwahati for February, gold was trading at Rs.2,989 per gram but due to a fall in demand, it went down to Rs.2,977 per gram on 2nd.
- As demand picked up slightly, gold rates recovered to reach Rs.2,982 per gram on 3rd.
- Rates, however, declined on 4th as domestic demand went down owing to lack of purchases in the industry.
- Gold ended the first week of February at a price of Rs.2,980 per gram.
February 2017 - Week 2 (5th - 11th):
- On 5th, when week 2 began, gold was still trading at Rs.2,980 per gram and continued at the same rate on 6th as well.
- The next few days of the week didn’t see any change in prices as well as the world bullion market saw little to no changes.
- When week 2 ended, gold was still trading at Rs.2,980 per gram.
February 2017 - Week 3 (12th-18th):
- The third week of February saw gold prices go up over the first few days as demand increased in Asia while dollar value went down simultaneously.
- The week began with gold trading at Rs.2,980 per gram and surged by Rs.11 to trade at Rs.2,991 per gram on 13th.
- Over the next few days, i.e, from 14th to 17th, gold rates remained constant for the metal to trade at Rs.2,991 per gram.
- Gold rates in Guwahati didn’t change on the last day of the week either as it was still trading at Rs.2,991 per gram.
- Prices held on as global gold rates seemed to consolidate against a fluctuating dollar.
February 2017 - Week 4 (19th - 25th):
- The fourth week of February saw a few ups and downs with regards to gold prices.
- On 19th, when week 4 began, gold was still trading at Rs.2,991 per gram.
- Rates, however, went up to Rs.3010 per gram on 20th as trading figures were seen consolidating after witnessing a brief increase.
- On 21st, gold rates in Guwahati remained unchanged as the US dollar woke up from a slumber to chart some positive growth.
- Rates remained the same on 22nd but went down slightly to Rs.3,008 per gram as US dollar kept performing better.
- The week ended with gold trading at Rs.3,008 per gram.
February 2017 - Week 5 (26th - 28th):
- Gold prices remained robust and didn’t witness much of a change during the last few days of February.
- The metal was trading at Rs.3,008 per gram on 25th and remained unchanged till the closing of the week.
- In Guwahati, gold prices saw a ever-so-slight incline of 0.63% for the month of February.
|January 1st Rate||Rs.2,843 per gram|
|January 31st Rate||Rs.2,989 per gram|
|Highest Rate in January||Rs.3,010 per gram on 23rd January|
|Lowest Rate in January||Rs.2,838 per gram on 2nd January|
January 2017 - Week 1 ( 1st to 7th):
- As demand from the industrial sector increased, gold prices seemed to be on a high during the first week of January.
- On 1st, when trading began, gold was trading at Rs.2,843 per gram before dipping slightly to trade at Rs.2,838 per gram on the 2nd.
- Prices increased on 4th to hit Rs.2,860 per gram.
- Prices increased as gold’s upward trend carried on for the metal to trade at Rs.2,879 per gram on 5th.
- By the end of the week, gold prices had increased significantly as it was trading at Rs.2,899 per gram.
January 2017 - Week 2 (8th to 14th):
- Gold prices continued its upward curve as growth projections for major markets seemed to be in the negative.
- On 8th, gold was trading at Rs.2,899 per gram and went up to Rs.2,910 per gram on 10th as demands seemed to increase.
- Price of gold went up to Rs.2,937 per gram as uncertainty over US dollar’s performance rose.
- At the end of the week on January 14th, gold was trading at Rs.2,961 per gram.
January 2017- Week 3 (15th to 21st):
- Gold was trading at Rs.2,961 per gram when week 3 began and rost to Rs.2,984 per gram on 17th as domestic demand began to increase.
- Prices dipped on 18th but went up to Rs.2,970 per gram on 19th as demand for the metal increased in the local market.
- On 21st January when the week ended, gold was trading at Rs.2,977 per gram.
January 2017- Weeks 4 & 5 (22nd to 31st):
- As stock markets ebbed and flowed, gold prices also seemed to fluctuate over the last two weeks of January.
- When trading began on 22nd, gold was selling at Rs.2,977 per gram and went up to as high as Rs.3,014 per gram on the 24th - the highest price for the month.
- On 26th, gold was trading at Rs.2,975 per gram as domestic demand began to drop slightly due to the lack of sales in the local market.
- Prices fell to as low as Rs.2,947 per gram as US markets recovered after Donald Trump’s debacle of a travel ban.
- On 31st January, prices rose as the markets dropped bringing gold trading prices to Rs.2,989 per gram.
- Overall, Guwahati saw gold price trends increase by 5.13% for the month of January.
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
|Gold Rate in Kolkata||Gold Rate in Patna||Gold Rate in Ranchi|
|Gold Rate In Jamshedpur||Gold Rate In Siliguri|
- Also Check:Gold Rate in Assam
|Also Know: Silver Rate in Guwahati|
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- Basic Highlights of The Gold Schemes Launched in 2015
- Tips for Buying Gold Jewellery
- Gold Rates Fluctuation – Why Gold Is On A Roller Coaster Ride
News About Gold rate in Guwahati
Global indicators push gold rates
TStrong global indicators helped gold rates soar in India, as prices went up by 0.20% locally. Gold futures for June delivery traded at Rs 28,663 for 10 grams, up by 0.27%, while gold for April delivery traded at Rs 28,464 for 10 grams, up by 0.20%. Current prices for gold can be attributed to increased global demand, which saw gold rates go up by 0.30% globally.
31st March 2016
Gold goes down on Monday
The yellow metal has probably had its worst day on Monday as far as its rates are concerned. The rates dropped majorly due to comments from US Federal Reserve officials hinting at two tax rate hikes on gold and a stronger dollar since the past week.
Spot gold went down by 0.5% and came to rest at 1210.50 dollars an ounce just above the session low of 1209.26 dollars an ounce. Future gold delivery for April slipped by 0.9% to 1210.90 dollars an ounce.
29th March 2016
Global cues lead to drop in gold prices
Global gold prices witnessed a significant drop on account of limited demand, with investors choosing to play it cautiously. Gold futures for April traded at Rs 28,830 for 10 grams, a drop of Rs 219 or 0.75%. Gold futures for June were down by Rs 221, trading at Rs 29,124 for 10 grams on the Multi Commodity Exchange. Experts attribute the losses to weak international trends, which saw global rates fall by around 0.4%.
23rd March 2016
Profit-booking decreases gains in gold
The prices of US Gold slipped on Tuesday, March 08, 2016 with a negative Chinese exports data pushing investors to lock in gains on commodities. The exports in China, which is the world’s second-biggest economy, decreased by 25.4% in February 2016, as compared to last year. An drop for the eighth straight month was also noticed in the data received from the General Administration of Customs.
Gold futures at India's Multi Commodity Exchange (MCX) is expected to trade weakly. in case of intraday, MCX Gold for delivery in April is seen at 29540 and 29900 is the resistance for the same.
9th March 2016
Sovereign Gold Bond scheme will be see the third tranche
The Sovereign Gold Bond scheme will have the third tranche, with the earlier tranches being successful, the government has decided to launch it again. The first tranche of scheme came in November 2015, where the precious metal was subscribed for 915.95 kg of gold worth Rs 246 crore. The second tranche in January this year received a subscription for 3,071 kg gold worth Rs 798 crore. The government hopes to raise more money this time.
7th March 2016
Gold Rates pick up as Dollar drops
Gold and silver have been going through quite the rollercoaster ride since the past year in 2015 owing to the doubts and concerns surrounding the probable hike of the tax rates on gold bullion by the Federal Reserve.
Yesterday, in the face of a weakly performing dollar, gold closed at 14 dollars higher than its usual rate making a mark of USD 1256.60. Prospects are looking up for the yellow metal as its shiny white sibling silver also looked in the pink, closing at 15.13 dollars, gaining a 0.14 fraction of a dollar.
4th March 2016
Gold Plummets After Recent 4 Year High
Gold prices fell on Tuesday after a significant rally by both the dollar as well as global equity markets due to U.S date surpassing expectations. The price drop led to further speculation that U.S interest rates could be raised by the Fed in the near future.Senior investment strategist for U.S Bank Wealth Management in Minneapolis, Rob Haworth, stated that the strengthening of the U.S dollar has put a headwind into the global market. Spot gold closed at $1,235.96, down by 0.2 percent, following its biggest climb in four years, while U.S gold futures GCv1 closed at $1,230.80.
2nd March 2016
Gold Rates might hit a Four-year High
Post the languishing condition of the yellow metal which started abruptly in the middle of the last year, gold and silver have been gaining back on their rates. In London, gold gained by 1%, owing to the lower share values and a weaker dollar.
Despite the increasing rates of gold and its likely appearance being that of a good asset, demand in India remained less as people eagerly wait for an income tax cut post the Union Budget.
1st March 2016
Gold price in Asia eased off
Easing of gold prices in Asia, with the help of the global monetary policy. The delivery for April on the Comex division of the New York Mercantile Exchange reduced by 0.21% and stood at $1,236.20. Even silver which was for March delivery gained 0.26% and stood at $15.210 for a troy ounce.
26th February 2016
Gold Imports in February Likely to be Lowest in 2 Years
Gold imports in India are expected to be the lowest in two years in February amid rising prices and expectations of a reduction in import duty.
An average of the estimates from 5 industry buyers revealed that the February gold import numbers could be as low as 25 tonnes. This would be 67% less than that in January this year, and the lowest since September 2013.
While this is not good news for global gold prices, the Indian government, which has been trying to cut gold imports would rejoice.
Banks and trading agencies have cut down their imports and are offering high rebates in global markets to clear their inventory because of low demand, according to All India Gems and Jewellery Trade Federation.
25th February 2016
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