• Gold Rate In Guwahati

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    10 Dec 2018 ₹ 3,072 ₹ 24,576 ₹ 3,226 ₹ 25,808
    09 Dec 2018 ₹ 3,072 ₹ 24,576 ₹ 3,226 ₹ 25,808
    08 Dec 2018 ₹ 3,072 ₹ 24,576 ₹ 3,226 ₹ 25,808
    07 Dec 2018 ₹ 3,076 ₹ 24,608 ₹ 3,230 ₹ 25,840
    06 Dec 2018 ₹ 3,059 ₹ 24,472 ₹ 3,212 ₹ 25,696
    05 Dec 2018 ₹ 3,025 ₹ 24,200 ₹ 3,176 ₹ 25,408
    04 Dec 2018 ₹ 3,025 ₹ 24,200 ₹ 3,176 ₹ 25,408
    03 Dec 2018 ₹ 3,013 ₹ 24,104 ₹ 3,164 ₹ 25,312
    02 Dec 2018 ₹ 3,013 ₹ 24,104 ₹ 3,164 ₹ 25,312
    01 Dec 2018 ₹ 3,015 ₹ 24,120 ₹ 3,166 ₹ 25,328

    *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.

    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 October 2018 (rates per gram)

    Parameters Gold price (24 carat)
    October 1 Rate Rs.3,167 per gram
    October 31 Rate Rs.3,292 per gram
    Highest Rate in October Rs.3,303 per gram on 26 October
    Lowest Rate in October Rs.3,167 per gram on 1 and 2 October
    Overall Monthly Performance Incline
    Percentage Change 3.94%

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

    Parameters Gold price (24 carat)
    September 1 Rate Rs.3,129 per gram
    September 30 Rate Rs.3,167 per gram
    Highest Rate in September Rs.3,186 per gram on 26 September
    Lowest Rate in September Rs.3,114 per gram on 4 September
    Overall Monthly Performance Incline
    Percentage Change 1.21%

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

    Parameters Gold price (24 carat)
    August 1 Rate Rs.3,146 per gram
    August 31 Rate Rs.3,082 per gram
    Highest Rate in August Rs.3,165 per gram on 6 and 7 August
    Lowest Rate in August Rs.3,082 per gram on 31 August
    Overall Monthly Performance Decline
    Percentage Change -2.03%

    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)

    Parameters Gold price (24 karat)
    July 1 Rate Rs.3,146 per gram
    July 31 Rate Rs.3,082 per gram
    Highest Rate in July Rs.3,165 per gram on 7 July
    Lowest Rate in July Rs.3,082 per gram on 31 July
    Overall Monthly Performance Decline
    Percentage Change -2.03%

    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)

    Parameters Gold price (24 karat)
    June 1 Rate Rs.3,216 per gram
    June 30 Rate Rs.3,146 per gram
    Highest Rate in June Rs.3,216 per gram from 1 June
    Lowest Rate in June Rs.3,145 per gram on 30 June
    Overall Monthly Performance Decline
    Percentage Change -2.17%

    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)

    Parameters Gold price (24 karat)
    May 1 Rate Rs.3,231 per gram
    May 31 Rate Rs.3,217 per gram
    Highest Rate in May Rs.3,254 per gram on 14 May
    Lowest Rate in May Rs.3,197 per gram on 18 May
    Overall Monthly Performance Decline
    Percentage Change -0.43%

    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)

    Parameters Gold price (24 karat)
    Gold Rate on 1st April 2018 Rs.3,159 per gram
    Gold Rate on 30th April 2018 Rs.3,231 per gram
    Highest Rate in April Rs.3,243 per gram from 20 to 23 April
    Lowest Rate in April Rs.3,159 per gram from 1 and 2 April
    Overall Monthly Performance Incline
    Percentage Change 2.27%

    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)

    Parameters Gold price (24 karat)
    Gold Rate on 1st March Rs.3,143 per gram
    Gold Rate on 31st March Rs.3,159 per gram
    Highest Rate in March Rs.3,198 per gram on 25 & 26 March
    Lowest Rate in March Rs.3,117 per gram on 20 March
    Overall Monthly Performance Incline
    Percentage Change 0.50%

    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)

    Parameters Gold price (24 karat)
    Gold Rate on 1st February 2018 Rs.3,146 per gram
    Gold Rate on 28th February 2018 Rs.3,163 per gram
    Highest Rate in February Rs.3,191 per gram on 18 & 19 February
    Lowest Rate in February Rs.3,105 per gram on 11 & 12 February
    Overall Monthly Performance Incline
    Percentage Change 0.54%

    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.

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

    Parameters Gold price (24 karat)
    Gold Rate on 1st January 2018 Rs.3,090 per gram
    Gold Rate on 31st January 2018 Rs.3,127 per gram
    Highest Rate in January Rs.3,172 per gram on 25 January
    Lowest Rate in January Rs.3,088 per gram on 5 January
    Overall Monthly Performance Incline
    Percentage Change 1.19%

    January 2018 - Week 1 (1st to 7th):

    • Gold was priced at Rs.3,090 per gram when the first week of January 2018 started. As demand was steady and as trends from the overseas markets was strong, gold prices remained at Rs.3,090 per gram on the 2nd.
    • The US dollar weakened on the 3rd against other apex currencies, which caused gold rate in Guwahati to rise to Rs.3,099 per gram.
    • This rose to Rs.3,103 per gram on the 4th as trends from the international market remained unchanged.
    • However, prices fell to Rs.3,088 per gram the next day on the 5th as the market awaited US jobs data and gold demand took a back seat as a result of that.
    • Rates rebounded to Rs.3,107 per gram on 6th January owing to an increased demand from local jewellers, retailers and industries.
    • When the week ended, gold price in Guwahati had dropped to Rs.3,102 per gram as demand subsided.

    January 2018 - Week 2 (8th to 14th):

    • Gold price in Guwahati continued to hold at Rs.3,102 per gram when the second week began on the 8th.
    • The next day, i.e., the 9th saw gold prices drop to Rs.3,101 per gram as demand slowed down while the green back gained in the index.
    • Gold prices dropped to Rs.3,099 per gram on the 11th as the US dollar continued its steady growth pushing gold demand to a new low.
    • The poor US dollar performance over the last few weeks led to gold rate in Guwahati rising to seven-week high figures. Gold traded at Rs.3,120 per gram on the 12th as a result of this.
    • The yellow metal’s rates went up again on the 13th and the board read Rs.3,131 per gram at the time of closing.
    • Gold prices went further up to Rs.3,146 per gram on the 14th as local demand was buoyed by strong trends overseas.

    January 2018 - Week 3 (15th to 21st):

    • When the third week began, gold price in Guwahati were still holding at Rs.3,146 per gram.
    • The US dollar lost ground against other major currencies amid concerns over a possible US government shutdown, which pushed gold prices to Rs.3,157 per gram on the 16th.
    • Strong global demand compounded by positive overseas trends led to the precious metal being priced at Rs.3,167 per gram on the 17th and the 18th.
    • Prices plunged to Rs.3,147 per gram the next day before rising to Rs.3,149 per gram on the 20th after demand remained flat amid the steady dollar.
    • On the 21st, gold rate in Guwahati were still holding at Rs.3,149 per gram as demand was steady.

    January 2018 - Week 4 (22nd to 28th):

    • When trading began in Guwahati, the yellow metal prices were recorded holding steady at Rs.3,149 per gram on the 22nd.
    • Strong demand coupled amid the weakened US dollar index in the global market resulted in gold prices surging to Rs.3,161 per gram on the 23rd and continued trading at the same rate on the 24th amid the firm overseas trend.
    • On the 25th, with the bullion touching their highest level in the past 16 months, gold rate in Guwahati rose to Rs.3,172 per gram amid strong global cues.
    • However, with the greenback recovering from its previous rally of losses, demand for the precious metal dropped over the next few days.
    • The week concluded with gold trading as low as Rs.3,132 per gram on the 28th amid the poor trends overseas.

    January 2018 - Week 5 (29th to 31st):

    • When the final week of trading began, gold price in Guwahati were recorded at Rs.3,132 per gram.
    • On the 30th, prices remained unaltered - at Rs.3,132 per gram - but dropped by Rs.5 to Rs.3,127 per gram on the last day. This was because the US dollar strengthened ahead of the latest Fed Reserve meeting.
    • A rise of 1.19% was recorded over the course of this year, which was made possible by a poor dollar and strong overseas cues.

    Trend of Gold Rate in Guwahati for December 2017 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold Rate on 1st December 2017 Rs.3,074 per gram
    Gold Rate on 31st December 2017 Rs.3,098 per gram
    Highest Rate in December Rs.3,098 per gram on 30 and 31 December
    Lowest Rate in December Rs.3,001 per gram on 12 and 13 December
    Overall Monthly Performance Incline
    Percentage Change 0.78%

    December 2017 - Week 1 (1st to 10th)

    • The month began with the precious metal trading at Rs.3,074 per gram on the 1st amid a firm trend overseas.
    • Gold pricein Guwahati rose to Rs.3,088 per gram on the 2nd due to an increase in demand brought about by a weakening US dollar.
    • Gold rate in Guwahati remained untouched at Rs.3,088 per gram over the next couple of days with steady global as domestic demand amid the positive trend overseas.
    • The US dollar, however, regained its lost ground with the US Senate passing the country’s biggest tax system overhaul in thirty years. This led to gold prices dropping to Rs.3,064 per gram on the 5th which further plunged to Rs.3,051 per gram on the 6th.
    • The poor trend overseas coupled with reduced domestic demand during the week led to the bullion being priced at Rs.3,042 per gram and Rs.3,012 per gram on the 7th and the 8th respectively.
    • On the 9th, gold price in Guwahati dropped further to Rs.3,008 per gram with the US dollar strengthening amid the positive investor sentiments brought about by the optimistic US tax reform plan.
    • The week concluded with the yellow metal priced at Rs.3,008 per gram on the 10th with subdued but steady demand from industries and jewelers amid the poor trend overseas.

    December 2017 - Week 2 (11th to 17th)

    • The second week opened with gold priced at Rs.3,008 per gram on the 11th.
    • Gold rate in Guwahati plunged to Rs.3,001 per gram on the 12th after investors refrained from making purchases against a strengthening US dollar and firmer equities market.
    • The 13th saw gold prices remaining unchanged at Rs.3,001 per gram ahead of the US Federal Reserve’s monetary policy meeting during the week.
    • Though prices rebounded to Rs.3,017 per gram the following day with a decline in the US dollar rates, gold rates in Guwahati plunged to Rs.3,002 per gram on the 15th after the release of the new interest rates brought about by the Federal Reserve.
    • The rest of the week witnessed the bullion holding steady at Rs.3,002 per gram owing to the low but steady demand from local jewelers, industries and retailers.

    December 2017 - Week 3 (18th to 24th)

    • The week began with the yellow metal holding firm at Rs.3,002 per gram on the 18th amid the poor trend overseas.
    • However, the 19th saw gold rate in Guwahati surging to Rs.3,023 due to an increase in domestic demand despite the strengthening dollar and well-performing equity markets.
    • Gold price in Guwahati plunged to Rs.3,016 per gram on the 20th but rebounded to Rs.3,021 per gram on the 21st with the US dollar losing against a basket of other emerging currencies.
    • Gold rate in Guwahati remained untouched at Rs.3,021 per gram the next day but rose to Rs.3,037 per gram on the 23rd with the Asian equity markets declining against the newly released US tax cuts.
    • Strong domestic demand brought by the positive overseas trends led to gold holding steady at Rs.3,037 per gram for the rest of the week.

    December 2017 - Week 4 (25th to 31st)

    • The last week of trading for the year 2017 commenced with the bullion priced at Rs.3,037 per gram on the 25th with strong domestic demand for the metal.
    • Positive investor sentiments brought about by the weakening US dollar led to an increase in global demand for the metal. This led to gold being priced at Rs.3,042 per gram on the 26th.
    • The 27th witnessed gold price in Guwahati rising further to Rs.3,055 per gram with the dollar continuing its downtrend throughout the week.
    • With gold climbing the $1,300 per ounce in the global market, gold rates in Guwahati surged to Rs.3,079 per gram on the 28th.
    • Gold rates rose further to Rs.3,098 per gram on the 30th with demand for the precious metal surging amid the strong trend overseas. This was also the highest recorded monthly figure in the city.
    • Trading concluded for the month with the precious metal holding steady at Rs.3,098 per gram on the 31st with strong domestic demand from local jewelers, industries and retailers.
    • Guwahati registered a profit of 0.78% in bullion trade owing to an increase in domestic demand brought about by the strong trends overseas during the course of the month.

    Trend of Gold Rate in Guwahati for November 2017 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold rate on 1st November 2017 Rs.3,071 per gram
    Gold rate on 30th November 2017 Rs.3,085 per gram
    Highest Rate in November Rs.3,123 per gram on 20, 25, and 26 November
    Lowest Rate in November Rs.3,035 per gram 18 November
    Overall Monthly Performance Incline
    Percentage Change 0.45%

    November 2017 - Week 1 (1st to 5th)

    • In Guwahati, the bullion trade opened for the month with the yellow metal priced at Rs.3,071 per gram on the 1st.
    • Thanks to the increased local buying from industries and jewellers, gold rate in Guwahati, surged to Rs.3,080 per gram on the 2nd.
    • Strong global cues coupled with steady domestic demand for the metal resulted in gold price in Guwahati remaining unchanged during the week.
    • The week concluded with the precious metal prices holding steady at Rs.3,080 per gram on the 5th.

    November 2017 - Week 2 (6th to 12th)

    • When the second week began, gold prices were recorded relatively lower at Rs.3,066 per gram on the 6th with the US dollar gaining against other major emerging currencies.
    • The 7th, however, witnessed gold rate in Guwahati surging to Rs.3,088 per gram before rising further to Rs.3,094 per gram on the 8th with demand for the metal inclining amid the positive trends overseas.
    • Prices remained high for much of the week with investors speculating on the possible interest rate hikes by the Federal Reserve next month. This led to gold being priced at Rs.3,101 per gram and Rs.3,106 per gram on the 9th and the 10th respectively.
    • Gold rate in Guwahati stabilised at Rs.3,096 per gram on the 11th as demand for the metal subsided towards the end of the week.
    • The yellow metal was recorded trading at Rs.3,096 per gram on the 12th when the week ended amid the positive trend overseas.

    November 2017 - Week 3 (13th to 19th)

    • Gold was priced at Rs.3,099 per gram on the 13th when the week commenced.
    • The week saw gold rate in Guwahati rising with demand for the metal skyrocketing amid the political crisis in the Middle East.
    • The yellow metal was trading at Rs.3,106 per gram on the 14th before it rose further to Rs.3,110 per gram on the 15th amid the positive trend overseas.
    • The 16th, however, witnessed gold price in Guwahati dropping to Rs.3,101 per gram before it plunged again to Rs.3,094 per gram on the 17th with the US economy recovering from the initial shock.
    • The bullion metal was priced as low as Rs.3,035 per gram on the 18th after demand subsided for the metal amid the strengthening dollar and firm equities.
    • However, the rising political uncertainty in Saudi Arabia proved to be favourable for commodity markets around the world. This led to gold rate in Guwahati surging to Rs.3,110 per gram on the 19th.

    November 2017 - Week 4 (20th to 26th)

    • Strong global trends coupled increased demand for the metal led to gold being priced at Rs.3,123 per gram on the 20th when the week began.
    • However, with the US economy recovering and the equities stabilising from the previous week downfall, rates dropped to Rs.3,097 per gram on the 21st.
    • Gold rate in Guwahati dropped further to Rs.3,090 per gram on the 22nd amid the poor overseas trends, but the 23rd saw prices rising to Rs.3,108 per gram after demand for the metal improved in the domestic trade.
    • Prices were recorded at Rs.3,111 per gram on the 24rd before surging further to Rs.3,123 per gram on the 25th due to an increase in orders from the Asian market amid a weakened dollar.
    • The week concluded with the yellow metal trading steady at Rs.3,123 per gram on the 26th with strong global demand and a positive trend overseas.

    November 2017 - Week 5 (27th to 30th)

    • The final week commenced with the bullion metal priced relatively lower at Rs.3,108 per gram on the 27th.
    • Gold rate in Guwahati were low for much of the week with the dollar strengthening amid the possibilities of a landmark US tax reform plan and the new Fed rate hikes in December.
    • The next couple of days saw the precious metal trading steady at Rs.3,101 per gram with demand declining amid the strengthening dollar.
    • The week ended with the bullion trading at Rs.3,085 per gram on the 30th due to reduced buying from industries and jewellers amid the poor trend overseas.
    • Gold trade in Guwahati recorded a profit of 0.45% during the course of the month owing to various global factors that affect the gold rates.
    Parameters Gold price (24 karat)
    Gold Rate on 1st October 2017 Rs.3,109 per gram
    Gold Rate on 31st October 2017 Rs.3,091 per gram
    Highest Rate in September 2017 Rs.3,138 per gram from 12 to 17 October
    Lowest Rate in September 2017 Rs.3,079 per gram on 27 to 29 October
    Overall Monthly Performance Decline
    Percentage Change -0.57%

    October 2017 - Week 1 (1st to 8th)

    • The month began with the precious metal trading at Rs.3,109 per gram on the 1st.
    • A marginal decrease in domestic demand amid a poor trend overseas led to gold rate in Guwahati dropping to Rs.3,105 per gram on the 2nd.
    • In addition, the dollar regained its lost ground amid firm equities. This led to gold price in Guwahati plunging to Rs.3,089 per gram on the 3rd.
    • Though prices rebounded to Rs.3,091 per gram the next few day, the 5th witnessed rates plummeting to Rs.3,086 per gram as demand in the domestic market curbed after the introduction of sovereign bond schemes during the week.
    • The 7th and 8th recorded the yellow metal prices at Rs.3,113 per gram owing strong and steady demand from local jewellers, industries and retailers.

    October 2017 - Week 2 (9th to 15th)

    • When trading commenced for the second week, gold opened relatively higher at Rs.3,125 per gram on the 9th due to an increase in domestic demand.
    • Demand for the precious metal surged after the mandated KYC (know your customer) norms boosted buyer sentiments in the local trade. This led to gold prices in guwahati surging to Rs.3,130 per gram on the 11th.
    • Local demand picked up with the imminent arrival of the festive season pushing local sales higher in the domestic trade. This led to gold rate in Guwahati rising to Rs.3,138 per gram on the 12th.
    • Steady demand from industries and jewellers amid a positive trend overseas led to the precious metal trading firm at Rs.3,138 per gram for the rest of the week.

    October 2017 - Week 3 (16th to 22nd)

    • Despite the arrival of Diwali, demand for the precious metal declined in the city owing to the poor trend overseas during the week.
    • The week began with the yellow metal trading steady at Rs.3,138 per gram on the 16th. Gold price in Guwahati remained unchanged on the 17th against a poor dollar index.
    • The dollar, however, picked up the next day and gold price in Guwahati dropped to Rs.3,109 per gram on the 18th.
    • Thanks to the imminent arrival of Diwali, prices recovered marginally amid a subdued domestic demand for the precious metal. Gold was recorded trading at Rs.3,118 per gram on the 20th.
    • Poor local demand coupled with uneven global cues led to the yellow metal trading low at Rs.3,112 per gram on the 21st and the 22nd.

    October 2017 - Week 4 & Week 5 (23rd to 31st)

    • When the last week commenced, the precious metal was priced relatively lower at Rs.3,101 per gram on the 23rd.
    • Though gold rate in Guwahati picked up to Rs.3,106 per gram the next day due to an incline in domestic buying, prices plunged to Rs.3,101 per gram and Rs.3,098 per gram on the 25th and the 26th respectively. This was due to the strengthening of dollar amid the possibility of an interest rate hike by the Federal Reserve.
    • The 27th recorded the lowest monthly figure of Rs.3,079 per gram after a significant decline in domestic demand amid poor global trends.
    • Gold price in Guwahati remained unchanged at Rs.3,079 per gram over the next two days with world markets cautious ahead of the policy meetings held by three major central banks.
    • The month ended with the precious metal priced at Rs.3,026 per gram as domestic demand picked up amid positive international cues.
    • Guwahati registered a loss of 0.57% in gold prices due to poor domestic cues and a strong dollar index during the month.
    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
    Percentage Change 2.18%

    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.
    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
    Percentage Change 1.19%

    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
    Percentage Change -0.33%

    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
    Percentage Change -0.62%

    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
    Overall Performance Decline
    Percentage Change -0.19%

    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
    Overall Performance Incline
    Percentage Change 0.94%

    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
    Overall Performance Decline
    Percentage Change -1.41%

    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
    Overall Performance Incline
    Percentage Change 0.63%

    `

    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
    Overall Performance Incline
    Percentage Change 5.13%

    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 Know: Silver Rate in Guwahati

    Read more on Gold

    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.

      31 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.

      29 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%.

      23 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.

      9 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.

      7 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.

      4 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.

      2 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.

      1 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.

      26 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.

      25 February 2016

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

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