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Home to the Uttarakhand Open University, Government Medical College, and Dr Susheela Tiwari Government Hospital, Haldwani has come a long way from being a market for the people visiting the Himalayan foothills. The city is developing fast and the old school thinking of owning gold merely in the form of jewellery for ornamentation is being phased out as the benefits of investing in gold ETFs, etc. is becoming more prominent.
Gold rate in Haldwani
The gold rate in any city in the world is affected by various factors including byt not limited to international gold rate trends, purity of the gold, etc.
24 karat gold: The purest form of gold is 24 karat gold, and it rates 99.9% pure. Although this form of gold is the most expensive and most valuable, it is unfit for being used by goldsmiths and jewellers because of its brittle and soft physical nature. Gold in this form is usually held as bullion or coins. Currently the price for 10 grams of 24 karat gold in Haldwani is Rs.30,300 (as on 14th March, 2016).
22 karat gold: While gold in this form may not be the purest, it is the highest quality that can be used for jewellery making and ornamentation. The gold is purposefully mixed with impurities that raise the strength and malleability of the gold in order to make it ideal for jewellery making. Most goldsmiths and jewellers prefer 22 karat gold of 91.6% purity to fashion their ornaments. Currently the price for 10 grams of 22 karat gold in Haldwani is Rs.28,100 (as on 14th March, 2016).
Gold Rate Trend in Haldwani for April 2016 to June 2016 (per gram of 24 karat gold)
|1st day||Rs. 2, 943 per gram||Rs. 3,119 per gram||Rs.2,960 per gram|
|Last day||Rs. 3,119 per gram||Rs. 2,960 per gram||Rs.3,167 per gram|
|Highest price||Rs. 3,119 per gram on 30th April, 2016||Rs. 3,120 per gram from 7th- 9th May, 2016||Rs.3,182 per gram on 28th and 29th June|
|Lowest price||Rs. 2, 933 per gram on 5th April, 2016||Rs. 2,960 per gram from 28th -31st May, 2016||Rs.2,950 per gram from 2nd June to 5th June|
|Trend||Prices rose||Prices fell||Rising|
|change||+5.98% increase||-5.09% decrease||+7.86%|
Gold Rate Trend in Haldwani in April 2016
- Gold began trading at Rs. 2, 943 in April, with demand still weak due to the ongoing strike by jewellers.
- Prices rose after the strike was called off in the second week of April and demand rose.
- Domestic demand was stable and helped keep prices constant.
- International demand was slow as speculation regarding a hike in interest rates by the US Federal Reserve began to circulate.
- Prices stayed steady and made small gains as gold closed out the month at Rs. 3,119 per gram.
Gold Rate Trend in Haldwani in May 2016
- The price of gold was Rs. 3,119 at the start of the month, as demand stayed steady.
- A slump in global prices was seen due to the strengthening Dollar, which led to prices dropping domestically as well.
- Higher demand led to a rally towards the middle of the month but prices began to decline as gold prices plummeted on the international market.
- The US rate hike and string data from the housing market served to strengthen the Dollar, leading to a further drop in prices.
- Gold lost 5.09% of its value, closing the month at Rs. 2, 960 per gram.
Gold Rate Trend of Haldwani in June 2016
- Gold rates increased steadily during the month of June thanks to firming international trends as well as increased offtake by industrial investors.
- Despite marginal losses on certain days, the value of the precious metal rose consistently as the month progressed, and the highest rate was recorded on the 28th and 29th of the month when prices soared to Rs.3,182 per gram.
- The overall increase in prices between the first and last day of the month was Rs.207.
Gold Rate Trend in Haldwani for January 2016 to March 2016 (per gram of 24 karat gold)
|1st day||Rs. 2,585 per gram||Rs. 2,756 per gram||Rs. 3,030 per gram|
|Last day||Rs. 2,756 per gram||Rs. 3,037 per gram||Rs. 2,948 per gram|
|Highest price||Rs. 2,756 per gram on 30th and 31st Jan, 2016||Rs. 3,049 per gram on 26th Feb, 2016||Rs. 3,030 per gram from 1st- 14th March, 2016|
|Lowest price||Rs. 2,580 from 2nd-5th Jan, 2016||Rs. 2,756 per gram on 1st Feb, 2016||Rs. 2,940 per gram from 15th- 17th March, 2016|
|Trend||Prices rose||Prices rose||Prices fell|
|Change||+6.61% increase||+10.19% increase||-2.70% decrease|
Gold Rate Trend in Haldwani in January 2016
- Gold started trading at Rs. 2,585 per gram in the New Year, with the price staying stable for the week.
- The domestic market saw prices rise due to demand by jewellers.
- Internationally, a weak Dollar and an uncertain market helped drive prices higher.
- Gold continued to rally, slowing slow but constant gains throughout the week.
- Gold closed at Rs. 2, 756 per gram, with the price rising by 6.61%.
Gold Rate Trend in Haldwani in February 2016
- Trading began at Rs. 2,756 per gram and began climbing as demand peaked in the domestic market.
- Currency volatility overseas and market turbulence resulted in prices rising internationally, boosting gold prices.
- The price climbed higher due to the wedding season demand with gold reaching highs of Rs. 3, 049 per gram in the last week of February.
- Gold traded at Rs. 3,037 per gram at the end of February.
Gold Rate Trend in Haldwani in March 2016
- Gold started on a high of Rs. 3,037 per gram and demand looked set to remain constant.
- The announcement of a strike by jewellers across the country led to demand dropping.
- Prices remained constant for the next two weeks as demand from jewellers came to a halt.
- Steady demand internationally helped gold maintain its price domestically in spite of a sharp fall in demand.
- A drop in prices was seen in the last week of March due to uncertainty regarding the strike as well as lowered demand in the international market.
Gold investments in Haldwani
Over the counter gold: Purchasing gold over the counter from a jeweller or a bank is the preferred way to own gold in Haldwani, despite the slightly higher cost from banks which charge for hallmarking and certification. It is the most trusted way to own gold, as the gold is physically transferred from the seller to the buyer, who can then do as he/she pleases with the gold – hold it as an investment, sell it when the price is favourable, etc.
Gold ETFs, E-gold: Tradable gold in the form of gold ETFs or E-gold is rising in prominence for the people of Haldwani as they are slowly accepting that the value of gold is transferrable beyond its physical form. The Mumbai Stock Exchange and National Stock Exchange govern the buying, selling, and trade of E-gold and Gold ETFs.
Also Check Gold Price in NearBy Cities of Haldwani
|Gold Rate In Dehradun||Gold Rate In Lucknow||Gold Rate In Meerut|
|Gold Rate In Ghaziabad||Gold Rate In Kanpur||Gold Rate In Varanasi|
|Gold Rate In Allahabad||Gold Rate In Aligarh||Gold Rate In Noida|
|Gold Rate In Agra||Gold Rate In Bareilly|
- Also Check: Gold Rate in Uttarakhand
Read more on Gold
- Sovereign Gold Bond Scheme
- Hallmark Kdm 916 Varieties Of Gold
- How To Buy Gold Coins Bars Bullion Online
- How are Gold Rates Determined?
- Significance Of Indian Jewellery