Gold Rate in Haldwani

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Gold Price in Haldwani

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 April 2017 to June 2017 (per gram of 24 karat gold)

Gold rate trend in Haldwani for April 2017

• Gold price in Haldwani opened at Rs.2,991 per gram on 01st April 2017.
• Gold remained stable for till the 3rd of April and increased slightly on the 04th of the month and traded at Rs.3,003 per gram.
• Gold price in Haldwani remained stable from the 04th of the month to the 07th of the month despite weaker trends overseas as demand from domestic market poured in.
• As it was festive season, the demand from the local gold spots increased.
• However, as the U.S. dollar was steady, gold prices fell and traded at Rs.2,983 per gram which is the lowest for the month of April.
• Prices stabilised for the rest of the month due to demand vagaries, though domestic demand helped keep prices from falling too steeply.
• On the 15th and 16th of April, gold prices increased as demand from jewellers picked up from the domestic market and traded at Rs.3,068 per gram which is highest gold price recorded this month.
• April ended with gold priced at Rs.3,011 per gram on 30 April and recording an increase in price of 0.66% during the month.

Gold rate trend in Haldwani for May 2017

• Gold opened strongly as the beginning of the month began soon succumbed to weak trend overseas.
• Gold rate in Haldwani stood at Rs.3,011 per gram on the 01st and 2nd of May which was the highest price for this month.
• Throughout the month, gold prices declined by 0.63% as markets were negatively affected due to the victory of Emmanuel Macron in the French presidential election.
• Throughout the month, gold did not capture the centre stage again as the U.S dollar was steady and was at its highest value in the year 2017 due to positive market conditions.
• Price of gold in Haldwani was more or less stable towards the end of the month as demand stagnated and internal crises in the United States led to stock markets faltering.
• Lowered demand from China and other Asian countries kept gold prices low but domestic demand kept them steady.
• Gold ended the month priced at Rs.2,992 per gram.

Gold rate trend in Haldwani for June 2017

• Gold price in Haldwani picked up at the beginning of June and traded at Rs.3,012 per gram.
• The highest price for the month of June was recorded on the 7th when gold traded at Rs.3,057 per gram.
• Experts believe that gold prices picked up due to visible fluctuations in the U.S dollar under Trump’s leadership which increased the demand for the yellow metal in the bullion market.
• Markets were also shaky as the G20 summit was underway and global leaders deliberated on socio-economic policies.
• Local demand was muted in spite of favourable market conditions, as evidenced by gold prices falling to Rs.3,007 per gram from 10-14 June.
• While U.S. markets were still uncertain due to poor jobs data, the U.S. dollar gained on other global currencies.
• Gold price in Haldwani drifted and hit the lowest when it traded at Rs.2,780 per gram on 27 June.
• Gold prices were on the decline for the remainder of the month due to lowered demand from Asia and Europe.
• The month ended with gold trading at Rs.2,992 per gram on 30 June, registering a loss in value of 0.66% over the course of the month.

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

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 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.