Gold Rate in Haldwani

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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 14^th 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 14^th March, 2016).

Gold Rate Trend in Haldwani for January 2017 to March 2017 (per gram of 24 karat gold)

Factor	January	February	March
1st day	Rs.2,844 per gram	Rs.2,978 per gram	Rs.3,009 per gram
Last day	Rs.2,958 per gram	Rs.3,020 per gram	Rs.2,991 per gram
Highest price	Rs.2,979 per gram on 24th and 25th of January	Rs.3,031 per gram from 25th February to	Rs.3,009 per gram on the 1st and 2nd of March
Lowest price	Rs.2,844 per gram from 1st January to 3rd February	Rs.2,957 per gram from 4th February to 6th February	Rs.2,950 per gram on 15th March
Trend	Incline	Incline	Decline
Change	4%	1.41%	-0.59%

Gold Rate Trend for Haldwani in January 2017

• Gold traded at Rs.2,844 per gram from the 1st of January to the 3rd of January in Haldwani.
• Thanks to stable demand for this metal, the rate of gold went up marginally to trade at Rs.2,855 per gram before rising even further to trade at Rs.2,866 per gram from the 5th of January to the 9th.
• Due to a rise in the demand for this metal the price of gold continued to rise with marginal fluctuations.
• On the 24th of January, gold was priced at Rs.2,979 per gram which was the highest at which gold traded at for the month. This rate was seen the next day as well.
• At the end of January, gold was priced at Rs.2,958 per gram, recording a rise of 4% in the rate of gold.

Gold Rate Trend for Haldwani in February 2017

• Gold was priced at Rs.2,978 per gram on the 1st of February and was steady at this rate until the 3rd of February.
• However, on the 4th of February, the rate of gold reduced due to a fall in the demand for this metal.
• This rate was noted until the 6th of February post which the rate of gold increased again.
• Thanks to steady demand noted in both domestic as well as international markets, the rate of gold shot up to Rs.3,009 per gram on the 8th of February and stayed at this rate until the 10th of February before declining again.
• This precious metal was steady at Rs.2,999 per gram from the 18th of February to the 24th of February due to steady demand.
• O the last day of the month of February in Haldwani, gold traded at Rs.3,020 per gram recording an incline of 1.41% in the rate of gold.

Gold Rate Trend for Haldwani in March 2017

• This precious metal was priced at Rs.3,009 per gram on the 1st of March and stayed at this rate until the 2nd as well
• However, the rate of gold fell the next day to trade at Rs.2,990 per gram and stayed steady at this rate until the 6th before reducing again.
• Due to the impact of the Dutch elections as well as the U.S. Fed’s decision regarding the rate of interest, the price of gold plunged to a monthly low of Rs.2,950 per gram on the 15th of March.
• A marginal recovery was noted in the rate of gold hereafter however.
• Gold traded at Rs.3,003 per gram from the 22nd of March till the 23rd before falling to Rs.2,993 per gram on the 24th of March. Gold was steady at this rate until the 26th after which, due to a high demand for this metal, increased to trade at Rs.3,003 per gram from the 27th of March till the 30th of March.
• Towards the end of March, gold traded at Rs.2,991 per gram recording a decline of 0.59% in the price of gold.

Gold Rate Trend in Haldwani for October 2016 to December 2016 (per gram of 24 karat gold)

Factor	October	November	December
1st day	Rs.3,205 per gram	Rs.3,099 per gram	Rs.2,893 per gram
Last day	Rs.3,099 per gram	Rs.2,941 per gram	Rs.2,844 per gram
Highest price	Rs.3,205 per gram from 1st-4th October	Rs.3,213 per gram on 5th & 6th November	Rs.2,893 per gram on 1st & 2nd December
Lowest price	Rs.3,088 per gram from 6th-25th October	Rs.2,929 per gram from 25th-27th November	Rs.2,800 per gram from 23rd-28th December
Trend	Decline	Decline	Decline
Change	-3.30%	-5.09%	-1.69%

Gold Rate Trend for Gurgaon in October 2016

• The price of gold in Haldwani reflected rates across the country, seeing a slight rise in price due to an increase in industrial demand as well as a marginal increase in retail demand.
• Gold was priced at Rs.3,205 per gram in the first week of October, though prices began to dip as demand waned due to a strengthening of the U.S. Dollar brought on by positive economic data.
• Prices were constant for the subsequent weeks due to stagnant demand from international markets, which was reflected in domestic prices and demand as well.
• Prices rose as the month ended due to fluctuations in the U.S. markets as uncertainties over the results of the upcoming U.S. presidential election led to an increase in demand for safe-haven assets like gold.
• There was an overall decline in price recorded, with gold trading at Rs.3,099 per gram on 31st October.

Gold Rate Trend for Haldwani in November 2016

• November saw gold prices fluctuate due to unstable markets, though prices were consistent as the month began, trading at Rs.3,099 per gram on 1st November.
• Prices rose as the results of the U.S. presidential election indicated Donald Trump would be the next U.S. President, which sent stock markets tumbling.
• The sudden announcement of the demonetisation of Rs.1,000 and Rs.500 notes led to domestic markets crashing, which fuelled a demand for gold and kept prices high.
• A currency shortage and the recovery of global markets led to a drop in demand for gold, which was reflected in poor industrial demand.
• Gold traded at Rs.2,941 per gram as the month ended, recording a fall of over 4% in value during the month.

Gold Rate Trend for Haldwani in December 2016

• Gold prices in December continued to be low due to muted demand from industry and lower than expected demand from jewellers and the retail sector.
• Gold was priced at Rs.2,893 per gram on 1st December, with the price falling as the week progressed as the U.S. Dollar continued to strengthen.
• The currency shortage led to reduced purchases in spite of it being the wedding season, which affected demand in the domestic market.
• Prices fell to a quarterly low around Christmas, as demand dropped to a new low as markets were buoyed by increased consumer spending.
• Prices recovered as the month drew to a close, though gold still recorded a loss of 1.69% for the month, trading at Rs.2,844 per gram.

Gold Rate Trend in Haldwani for July 2016 to September 2016 (per gram of 24 karat gold)

Factor	July	August	September
1st day	Rs.3,167 per gram	Rs.3,219 per gram	Rs.3,184 per gram
Last day	Rs.3,219 per gram	Rs.3,205 per gram	Rs.3,217 per gram
Highest price	Rs.3,227 per gram from 7th to 9th July	Rs.3,248 per gram on 4th and 10th August	Rs.3,228 per gram from 7th to 12th September
Lowest price	Rs.3,163 per gram on 22nd July	Rs.3,205 per gram from 26th to 31st August	Rs.3,184 per gram on 1st and 2nd September
Trend	Incline	Slight decline	Incline
Change	+1.64%	-0.43%	+1.04%

Gold Rate Trend of Haldwani in July 2016

• The month began with demand for gold being low. Gold traded at Rs.3,167 per gram on 1st July.
• Demand picked up in the global markets as a result of expected monetary stimulus from the central banks post the Brexit vote.
• Gold prices touched Rs.3,227 per gram on 7th to 9th July which was the highest for this month.
• By 23rd July, prices dropped to Rs.3,163 per gram, the lowest for the month, on account of high expectations of the Fed rate hike.
• The month closed with gold trading at Rs.3,219 per gram on 31st July.

Gold Rate Trend of Haldwani in August 2016

• Gold traded at Rs.3,219 per gram on 1st August and remained constant till 9th August.
• A major factor contributing to the constant rates was steady demand in the domestic market on account of the upcoming festive season.
• Expectations of the Fed rate hike were raised this month and investors took to the sidelines.
• Gold prices declined by 0.43% this month with gold trading at Rs.3,205 per gram on 31st August.

Gold Rate Trend of Haldwani in September 2016

• September began with gold trading at its lowest rate for the month at Rs.3,184 per gram.
• The U.S. Federal Reserve rate hike was put on hold as the U.S. presidential elections were too close.
• With gold gaining its safe-haven appeal back, investors increased their appetite for gold.
• Gold traded at Rs.3,217 per gram at the end of the month marking an increase of 1.04% in gold prices.

Gold Rate Trend in Haldwani for April 2016 to June 2016 (per gram of 24 karat gold)

Factor	April	May	June
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 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.