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Gold Rate in Haryana
Gold rates in Haryana depend on various factors such as gold imports, current account deficit of India, global oil prices, strength of the dollar and US Fed interest rate rike among others. The price of the yellow metal touched a 4-year low in India and over a five-year low across the globe this year. About 60% of the demand for gold originates from rural India. Consequently, crop failure, inadequate monsoon and decreasing purchasing power will invariably hit gold sales, especially during weddings, according to experts.
Most consumers in Haryana buy gold jewellery for special occasions such as Dhanteras and Akshaya Tritiya. In Gurgaon, customers buy more gold coins than jewellery during auspicious days. Buying silver idols of Ganesh and Lakshmi and coin on Dhanteras is commonplace. Many jewellers in Haryana accept bookings for new jewellery weeks in advance to deliver them on the auspicious day of Akshaya Tritiya.
Gold is, by and large, preferred to bank deposits as a savings and investment instrument in several villages and towns across India including Haryana. However, according to Crisil, the price of gold fell 7.80 per cent in July this year.
Trend of Gold Rate in Haryana for December 2017 (rates per gram for 24 karat gold)
|Parameters||Gold price (24 karat)|
|Gold Rate on 1st December 2017||Rs.3,016 per gram|
|Gold Rate on 31st December 2017||Rs.3,020 per gram|
|Highest Rate in December||Rs.3,036 per gram from 2 to 4 December|
|Lowest Rate in December||Rs.2,910 per gram on 11 to 13 December|
|Overall Monthly Performance||Incline|
Trend of Gold Rate in Haryana for November 2017 (rates per gram for 24 karat gold)
|Parameters||Gold price (24 karat)|
|Gold rate on 1st November 2017||Rs.3,006 per gram|
|Gold rate on 30th November 2017||Rs.3,026 per gram|
|Highest Rate in November||Rs.3,060 per gram from 18 to 20 November|
|Lowest Rate in November||Rs.3,006 per gram on 1 November|
|Overall Monthly Performance||Incline|
November 2017 - Week 1 (1st to 5th)
- The bullion trade opened in Haryana with the precious metal priced at Rs.3,006 per gram on the 1st of November.
- Thanks to a positive demand for the metal from industries and jewellers in the domestic markets, gold rate in Haryana surged to Rs.3,020 per gram on the 2nd.
- However, with the US dollar strengthening and equities market recovering, gold prices declined as the week progressed.
- On the 3rd, gold price in Haryana dropped to Rs.3,015 per gram before plunging further to Rs.3,010 per gram the following day amid weak global cues.
- Despite the poor trend overseas, steady demand for the metal in the domestic trade resulted in the week ending with gold holding steady at Rs.3,010 per gram on the 5th
November 2017 - Week 2 (6th to 12th)
- The second week commenced with gold trading relatively lower at Rs.3,005 per gram on the 6th with the US dollar dominating over other major emerging currencies.
- However, with the dollar losing its ground and the equities performing poorly, the precious metal was seen trading higher for much of the week.
- The 7th witnessed gold rate in Haryana surging to Rs.3,025 per gram due to an increase in purchases by local jewellers, retailers and industries amid the positive trend overseas.
- The next couple of days saw gold holding steady at Rs.3,035 per gram owing to a strong global demand for the metal amid the weakened US dollar.
- On the 10th, with investors and stockists mulled over the possibilities of an interest rate hike by the Federal Reserve led to gold price in Haryana surging to Rs.3,045 per kg.
- Steady domestic demand coupled with firm trends overseas led to gold being priced at Rs.3,045 per gram for the remainder of the week.
November 2017 - Week 3 (13th to 19th)
- When trading commenced for the third week, gold was recorded trading at Rs.3,035 per gram on the 13th with a slight drop in global demand.
- Prices rebounded to Rs.3,045 per gram on the 14th after equities market took a hit following the political crisis in the Middle East.
- The 15th saw gold rate in Haryana rising further to Rs.3,050 per gram with the safe-haven appeal for the metal restored amid the rising geopolitical tensions between Iran and Saudi Arabia.
- The next two day witnessed gold price in Haryana declining with the US economy recovering from the initial downfall and the precious metal was priced at Rs.3,040 per gram and Rs.3,030 per gram on the 16th and the 17th respectively.
- The 18th, however, saw the bullion prices surging to Rs.3,060 per gram - the highest recorded monthly figure - after the strong trend overseas led to an increase in safe-haven demand for the precious metal.
- Strong demand coupled with positive global cues resulted in gold being priced at Rs.3,060 per gram when the week ended on the 19th.
November 2017 - Week 4 (20th to 26th)
- Trading began for the week with the precious metal priced at Rs.3,060 per gram on the 20th amid steady demand in the global as well as domestic trade.
- However, gold price in Haryana plunged to Rs.3,035 per gram on the 21st which further dropped to Rs.3,026 per gram on the 22nd as demand for the metal declined amid the poor trends overseas.
- However, the increased buying by local industries and jewellers despite the weak global cues led to gold rates rebounding to Rs.3,046 per gram on the 23rd.
- The strong dollar index coupled with firmer equities led to gold rate in Haryana plummeting to Rs.3,036 per gram on the 25th.
- The week came to an end with the yellow metal holding steady at Rs.3,036 per gram during the closing hours on the 26th.
November 2017 - Week 5 (27th to 30th)
- Gold was priced at Rs.3,045 per gram on the 27th when the last week began in Haryana. The rise in prices was attributed by the incline in domestic demand amid a strong overseas trend.
- Gold price in Haryana declined further during the week due a possible hike in the Federal Reserve's benchmark interest in the monetary policy meeting next month.
- A subdued but steady demand amid the uneven overseas trends resulted in the bullion being priced at Rs.3,040 per gram on the 28th and the 29th.
- The month concluded with the yellow metal trading at Rs.3,026 per gram after the dollar strengthened after Trump's new US tax reform plan.
- Haryana witnessed gold price in Haryana rise by 0.66% during the course of the month owing to positive global cues coupled with strong global demand for the metal.
|Parameters||Gold Price (per gram for 24K gold)|
|Gold Rate on 1st October 2017||Rs.3,063 per gram|
|Gold Rate on 31st October 2017||Rs.3,026 per gram|
|Highest Rate in October 2017||Rs.3,072 per gram from 12 to 16 October|
|Lowest Rate in October 2017||Rs.3,026 per gram on 27, 30 and 31 October|
|Overall Monthly Performance||Decline|
October 2017 - Week 1 (1st-8th)
- The first week saw prices declining initially before picking up due to positive global trends halfway into the week.
- When trading commenced for the month, the yellow metal was recorded trading at Rs.3,063 per gram.
- A strong dollar index due to the possibility of new Fed rate hike in December led to gold price in Haryana declining to Rs.3,043 per gram on the 3rd.
- Bullion prices declined further over the next few days amid firm equities market and stronger dollar rates. Gold price in Haryana dropped to Rs.3,033 per gram and Rs.3,028 per gram on the 5th and 6th.
- However, demand seemed to pick up in the domestic trade following the government’s decision to mandate KYC (know your customer) norms in India. This led to gold rate in Haryana surging to Rs.3,046 per gram on the 7th.
- Thanks to steady demand from local jewellers, industries and retailers, prices remained unchanged at Rs.3,046 per gram when the week concluded on the 8th.
October 2017 - Week 2 (9th-15th)
- The second week opened with gold trading relatively higher at Rs.3,057 per gram on the 9th owing to strong demand amid positive global trends.
- Gold rate in Haryana surged to Rs.3,062 per gram on the 10th after the mandated KYC norms seemed to boost buyer sentiments domestically.
- Prices remained the same at Rs.3,062 per gram on the 11th due to steady demand from jewellers and industries.
- However, the 12th witnessed gold rate in Haryana surging to Rs.3,072 per gram - the highest recorded monthly figure - with the imminent arrival of the festive season pushing demand higher in the domestic market.
- The rest of the week witnessed prices remaining untouched at Rs.3,072 per gram, thanks to an increased buying by local jewellers, retailers and industries.
October 2017 - Week 3 (16th-22th)
- The third week saw gold price in Haryana decline significantly due to poor global trends and the festive effect wearing off during the week.
- When the week commenced, the precious metal was recorded trading high at Rs.3,072 per gram on the 16th.
- A strong dollar index and poor trends overseas led to gold rate in Haryana declining to Rs.3,067 per gram and Rs.3,056 per gram on the 17th and 18th respectively.
- Gold trade remained weak despite the auspicious occasion of Dhanteras and the bullion metal was priced at Rs.3,057 per gram on the 19th.
- Despite the arrival of Diwali, poor domestic demand led to prices remaining at Rs.3,057 per gram on the 20th.
- The last two days of the week witnessed gold rates decline further to Rs.3,047 per gram despite the nuclear prowess of North Korea affecting the US economy.
October 2017 - Week 4 & Week 5 (23rd-31st)
- When the last week commenced, the precious metal was trading as low as Rs.3,041 per gram on the 23rd.
- Though the gold rate in Haryana picked up to Rs.3,046 per gram the next day due to an incline in domestic buying, prices plunged to Rs.3,036 per gram and Rs.3,031 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.3,026 per gram after a significant decline in domestic demand amid poor global trends.
- Gold rate in Haryana, however, recovered to Rs.3,036 per gram on the 28th and 29th due to a marginal increase in domestic demand from jewellers, industries and retailers.
- But with world markets cautious ahead of the policy meetings held by three major central banks, bullion prices plunged again to Rs.3,026 per gram on the 30th.
- The month ended with the precious metal priced at Rs.3,026 per gram registering a loss of 1.20% in bullion trade during the month of October.
|Parameters||Gold price (24 karat)|
|Gold rate on 1st September||Rs.3,024 per gram|
|Gold rate on 30th September||Rs.3,063 per gram|
|Highest Rate in September||Rs.3,130 per gram on 8 September|
|Lowest Rate in September||Rs.3,024 per gram on 1 September|
|Overall Monthly Performance||Incline|
September 2017- Week 1 (1st to 10th)
- Demand for gold in Haryana was on the increase as the month began due to an increase in local demand ahead of the festive season.
- Gold opened the week at Rs.3,024 per gram on 1 September and rose to Rs.3,029 per gram on 2 September following a rise in demand due to a weak U.S dollar.
- Gold prices in Haryana continued to rise, reaching Rs.3,105 per gram on 4 September as fluctuating markets as well as threat of aggression by North Korea led to an increase in demand for bullion.
- Prices reached a monthly high of Rs.3,130 per gram on 8 September as investors rushed to safe-haven assets like bullion after the successful testing of a thermonuclear missile by North Korea.
- The week ended with gold priced at Rs.3,125 per gram on 10 September.
September 2017- Week 2 (11st to 17th)
- The second week of September saw the price of gold drop as markets recovered from their losses in the previous week.
- Gold was priced at Rs.3,105 per gram on 11 September as markets rallied on the anniversary of the 9/11 attacks.
- Domestic demand began to drop due to the rising U.S. dollar, which made imports more expensive.
- Prices fluctuated as the week progressed, with gold priced at Rs.3,094 per gram on 13 September only for prices to drop to Rs.3,085 per gram from 15-17 September.
- The sudden surge in the dollar rate coupled with strong equity trading in Asia led to a decline in demand for gold.
September 2017- Week 3 (18th to 24th)
- Gold prices in Haryana continued to drop as the third week began, with the metal opening the week at Rs.3,073 per gram on 18 September.
- Demand for the precious metal was subject to the dollar rate’s increasing volatility, which led to fluctuations in the price of gold.
- A drop in local demand as well as a decline in demand by jewellers led to gold dropping to Rs.3,051 per gram on 21 September.
- Gold prices in Haryana rose to Rs.3,073 per gram on 22 September as overseas markets increased orders increased tensions over the upcoming German election as well as the referendum in Catalonia caused markets to drop.
- The price of gold fell to Rs.3,058 per gram on 23 September due to fewer orders, with the prices remaining constant as the week ended on 24 September.
September 2017- Week 4 (25th to 30th)
- Gold prices in Haryana dropped to Rs.3,051 per gram as the week opened on 25 September due to an early rally by markets.
- The victory of Angela Merkel in the German elections led to a surge in markets in Europe but demand from Asia continued to be strong, as gold traded at Rs.3,110 per gram on 26 September.
- Demand declined as the week progressed, in spite of geopolitical tensions in the United States and the upcoming referendum in Spain.
- Gold rate in Haryana fell to Rs.3,067 per gram on 28 September as the yellow metal fell out of favour with investors due to a bullish market.
- The drop in price continued, with gold priced at Rs.3,057 per gram on 29 September before recovering marginally to end the month at Rs.3,063 per gram on 30 September.
- The late rally led to an overall increase in the price of gold by 1.28% over the course of the month.
|Parameters||Gold price (24 karat)|
|Gold Rate on 1st August||Rs.2,960 per gram|
|Gold Rate on 31st August||Rs.2,999 per gram|
|Highest Rate in August||Rs.3,017 per gram on 28 August|
|Lowest Rate in August||Rs.2,930 per gram 3 August and 5 to 7 August|
|Overall Monthly Performance||Incline|
|Parameters||Gold price (24 karat)|
|July 1st Rate||Rs.2,992 per gram|
|July 31st Rate||Rs.2,950 per gram|
|Highest Rate in July||Rs.2,992 per gram on 1 & 2 July|
|Lowest Rate in July||Rs.2,843 per gram on 12 & 13 July|
|Overall Monthly Performance||Decline|
July 2017 - Week 1 (1st to 9th)
- Gold traded at Rs.2,992 per gram on 01st July 2017.
- Due to a sustained demand, prices remained unchanged on the 2nd before dropping to Rs.2,972 per gram on the 3rd as global demand went down.
- Gold price in Haryana went down again on the 4th to Rs.2,942 per gram - nearing eight-week lows - as the US dollar surged ahead of other currencies.
- On the 7th, gold price in Haryana went down to Rs.2,922 per gram - as the dollar kept strengthening - and went down to Rs.2,902 per gram on the 8th.
- When the week came to an end on the 9th, gold was still trading at Rs.2,902 per gram.
July 2017 - Week 2 (10th - 16th)
- Gold continued to trade at Rs.2,902 per gram but fell to Rs.2,872 per gram on the 11th of July.
- Gold price in Haryana fell further on the 12th of July to Rs.2,863 per gram and remained stable till the 13th of July.
- The 14th of July gold prices increased slightly and traded at Rs.2,863 per gram.
- The sudden fall was complemented by an increase in prices as a weakening dollar pushed gold rates up.
- When the week ended, gold was still trading at Rs.2,863 per gram.
July 2017 - Week 3 (17th - 23rd)
- When the third week of July commenced, gold was still trading at Rs.2,863 per gram.
- As gold prices rising in the global market, rates in Haryana saw a considerable increase as well.
- Prices went up to Rs.2,873 per gram on the 18th but dropped on the 19th and fell to Rs.2,883 per gram and remained the same on the 20th of the month.
- A weakening dollar led to a price drop internationally, which pushed domestic prices up.
- On 21st of July, gold prices increased as demand picked up and traded at Rs.2,908 per gram.
- Prices further increased on the 22nd of July when gold prices increased to Rs.2,944 per gram and remained the same till the 25th of July.
- Gold closed at Rs.2,944 per gram.
July 2017 - Week 4 (24th - 31st)
- The final week of July saw gold price in Haryana fluctuate considerably due to several domestic and global factors.
- On the 24th of July, gold prices were recorded at Rs.2,944 per gram and remained the same til, the 25th.
- The 26th however saw rates dip to Rs.2,929 per gram due to a collectively subdued demand from domestic jewellers.
- On 27th of July, gold price in Haryana went up and traded at Rs.2,950 per gram.
- Gold traded at Rs.2,945 per gram and Rs.2,955 per gram on the 28th and 29th of July respectively.
- On 29th and 30th July gold price in Haryana picked up and traded at Rs.2,955 per gram before falling to Rs.2,950 gram on 31st July.
- Despite a late flourish, gold prices saw a decline of 1.40% for the month of July.
|Parameters||Gold price (24 karat)|
|June 1 Rate||Rs.3,012 per gram|
|June 30 Rate||Rs.2,992 per gram|
|Highest Rate in June||Rs.3,057 per gram on 7 June|
|Lowest Rate in June||Rs.2,972 per gram on 27 June|
|Overall Monthly Performance||Decline|
June ‘17- Week 1 (1st to 4th)
- Gold price in Haryana increased in the first week of June as demand from overseas as well as local jewellers was high, as the metal opened the week at Rs.3,012 per gram on 1 June.
- There was no change in the price as demand was stable, with the falling U.S. dollar helping prices remain steady.
- Gold rate in Haryana rose by Rs.10, trading at Rs.3,022 per gram on 3 June as U.S. markets tumbled due to geopolitical tensions in the continental U.S.
- The week ended with gold trading at Rs.3,022 per gram on 4 June.
June '17- Week 2 (5th to 11th)
- The price of gold in Haryana increased in the second week as local demand in Haryana was on the rise, trading at Rs.3,037 per gram on 5 June.
- Gold rose to Rs.3,057 per gram on 7 June as demand climbed as the U.S. dollar continued to drop due to poor trading in the currency on the bourses.
- The release of positive U.S. jobs data led to demand for gold falling to Rs.3,042 per gram on 8 June.
- Demand slipped to Rs.3,017 per gram on 9 June as markets rallied following the positive market trends and increase in job creation.
- Gold price in Haryana continued to fall, trading at Rs.3,007 per gram on 10 & 11 June due to lowered demand from the domestic retail sector.
June ‘17- Week 3 (12th to 18th)
- The price of gold was muted in the third week as overseas demand was sluggish due to a recovering U.S. dollar rate.
- Gold traded at Rs.3,007 per gram on 12 June, with the price remaining unchanged till 15 June.
- Tensions between North Korea and the United States led to some instability, though markets did not react adversely.
- Local demand began to rise as consumers bought gold ahead of the implementation of GST, which would increase prices.
- In spite of the rise in local demand, gold price in Haryana fell to Rs.2,992 per gram on 16 June before ending the week at Rs.2,982 per gram on 18 June.
June ‘17- Week 4 (19th to 25th)
- Gold traded at Rs.2,982 per gram on 19 June due to poor demand from overseas industrial units and a lowering of demand from investors.
- Prices began to rise marginally towards the middle of the week as Asian investors renewed interest in the yellow metal, pushing prices to Rs.2,987 per gram on 23 June.
- Local demand was steady but did not appear to impact overall prices much, as gold traded at Rs.2,992 per gram on 24 June.
- Demand was stable and prices did not change on the last day of the week, trading at Rs.2,992 per gram on 25 June.
June ‘17- Week 5 (26th to 30th)
- Prices rose to Rs.3,002 per gram as the week began on 26 June, as local retail demand boosted prices.
- Poor demand from overseas due to steady markets led to gold prices dropping to Rs.2,992 per gram on 27 June.
- Industrial units had saturated demand for the yellow metal, leading to stagnant demand and no change in the price of gold.
- The month ended with gold trading at Rs.2,992 per gram on 30 June and losing 0.66% in its value.
|May 1st Rate||Rs.3,011 per gram|
|May 31th Rate||Rs.2,992 per gram|
|Highest Rate in May||Rs.3,011 per gram on 01st and 02nd of May|
|Lowest Rate in May||Rs.2,918 per gram from 11th to 15th May|
May ’17- Week 1 (1st to 7th)
- The month began with gold priced at Rs.3,011 per gram - which also happened to be the highest gold rate for the entire month.
- From then on, prices seemed to ride the sine wave as demand was a little too flimsy.
- On the 3rd of May, gold prices fell as local demand took a hit way more than expected and traded at Rs.2,982 per gram.
- A weakening of demand from the industrial sector also kept prices low for the next four days when gold traded at Rs.2,952 per gram from 05th to 07th of May.
- Gold prices drifted and closed at Rs.2,952 per gram on the 09th of May.
May ’17- Week 2 (8th to 14th)
- When the second week began on 8th, gold rates had depreciated to Rs.2,942 per gram as there was demand from local market eased.
- Rates were the same on the 9th as well but fell to Rs.2,928 per gram on the 10th as demand again went down after that brief incline.
- The price of gold dipped in the second week of May, as investor demand dropped due to stabilising markets.
- Gold was priced at Rs.2,928 per gram on 10th May as the U.S. market stabilised in spite of political upheaval in the region.
- The U.S. Dollar rose in early trading during the week on the back of positive economic projections, which led to a decrease in interest in the yellow metal.
- Gold prices fell further and traded at Rs.2,918 per gram from 11th to 14th of May.
May ’17- Week 3 (15th to 21st)
- Like in the previous week, gold prices continued to trade at Rs.2,918 per gram on the 15th of May.
- On the 16th, however, gold prices surged to Rs.2,923 per gram and then to Rs.2,939 per gram on 17th as demand in the city went for the first time in half a month.
- The third week saw the price of gold continue to remain steady, trading at Rs.2,939 per gram on 17th May in the face of muted but steady demand.
- A drop in industrial demand from China due to rumours of a slowing down of the world’s biggest economy led to sluggish global demand.
- Domestic demand also fell as the wedding season ended, reducing demand from jewellers, which in turn led to the price of gold plateauing.
- The week ended with gold trading at Rs.2,977 per gram on 21st of May as the price did not fluctuate.
May ’17- Week 4 (22nd to 28th)
- Gold prices continued to trade at Rs.2,977 per gram on the first day of the fourth week of May.
- When trading began on the 22nd, gold was priced at Rs.2,977 per gram which trickled onto the 23rd as well.
- Gold prices remained constant from 21st of May to 25 of May and traded at Rs.2,977 per gram.
- The French election run off had caused some turbulence across global markets, which led to an increase in demand for gold, pushing prices to Rs.2,992 per gram on 26th May.
- Gold continued to trade at Rs.2,992 per gram from 26th to the end of the week.
May ’17- Week 5 (29th to 31st)
- Gold rates fluctuated over the last three days of the month.
- Buoyed by a fall in the US dollar rate, gold prices started the 29th at Rs.2,992 per gram.
- The next two days, i.e., the 30th and 31st saw no change in prices as demand didn’t change much due to a stable market.
- Gold closed at Rs.2,992 on the 31st of May.
|April 1st Rate||Rs.2,991 per gram|
|April 30th Rate||Rs.3,011 per gram|
|Highest Rate in April||Rs.3,068 per gram on 15th & 16th April|
|Lowest Rate in April||Rs.2,983 per gram from 8th - 10th April|
April ’17- Week 1 (1st to 9th)
- Gold prices in Haryana in the first week of April were more or less stable, with a slight incline in the prices observed.
- Gold traded at Rs.2,991 per gram on 1st April due to consistent demand from local markets in spite of poor cues from international sectors.
- Prices rose marginally to Rs.3,003 per gram on 4th April due to a marginal increase in industrial demand coupled with uncertainty in the United States leading to a fall in the U.S. Dollar rate.
- Gold prices dropped as the week drew to a close as Asian markets reduced demand, resulting in gold trading at Rs.2,983 per gram on 9th April, the lowest rate for the month.
April ’17- Week 2 (10th to 16th)
- Gold prices rose in the second week of April following a dip in markets due to poorer than expected results, as gold opened the week trading at Rs.2,983 per gram on 10th April.
- With investors flocking to invest in safe haven assets like gold due to market uncertainty, prices rose as gold traded at Rs.3,036 per gram on 12th April.
- Prices continued to rise during the week, barring a slight dip due to a slump in local demand.
- The week ended with gold trading at a monthly high of Rs.3,068 per gram on 16th April, as strong demand from both domestic as well as international markets kept prices high.
April ’17 - Week 3 (17th to 23rd)
- Prices began to fall in the third week as markets stabilised after their slump the previous week, which led to reduced demand from industry.
- Gold traded at Rs.3,057 per gram on 17th April, with the price remaining constant due to strong demand from Asian markets.
- The U.S. Dollar rallied and rose against other global currencies in spite of continued political turbulence, which led to a drop in exports.
- Prices rose as the week ended as local demand increased, with gold ending the week trading at Rs.3,062 per gram on 23rd April.
April ’17 - Week 4 (24th to 30th)
- The price of gold dipped in the last week of April as investors pulled out of gold investments following a rally by markets.
- Gold was priced at Rs.3,041 per gram on 24th April, with the price dipping to Rs.3,011 per gram on 26th April as export demand slowed down.
- The U.S. Dollar continued to trade high, resulting in demand for gold stagnating.
- Prices remained unchanged as the week ended, with gold trading at Rs.3,011 per gram on 30th April, though overall prices rose by 0.66% for the month of April.
|March 1st Rate||Rs.3,009 per gram|
|March 31st Rate||Rs.2,991 per gram|
|Highest Rate in March||Rs.3,009 per gram on 1st and 2nd March|
|Lowest Rate in March||Rs.2,950 per gram on 15th of March|
March ‘17 - Week 1 (1st to 5th)
- Trends witnessed in both domestic and international markets indicated an upward trend with respect to the rate of gold in Haryana during the beginning of the month but reduced towards the end.
- Rate of gold was relatively steady during the first week of March with a few minor variations here and there.
- The rate of gold on the 1st of March was Rs.3,009 per gram which was relatively low as compared to the previous month. This rate was steady until the next day. This was also the highest at which gold traded.
- However, due to fluctuating rates, the price of gold reduced slightly on the 3rd of March to trade at Rs.2,990 per gram.
- This rate was maintained until the end of the week due to steady but low demand for this precious metal.
March ‘17 - Week 2 (6th to 12th)
- On the first day of the second week of March, the rate of gold was the same as that of the previous week.
- As the value of the dollar shot up, the rate of gold plunged to a weekly low of Rs.2,970 per gram on the 7th of March.
- However, on the next day, the rate of gold increased due to positive cues from both domestic as well as international markets to trade at Rs.2,993 per gram.
- This rate could not be sustained as the demand for this precious metal fell the next day resulting in gold trading at Rs.2,977 per gram.
- Demand continued to plunge downwards due to a fall in the demand for this precious metal from jewellers resulting in gold rate plunging to Rs.2,965 per gram on 10th of March.
- There was a slight recovery noted in the rate of gold over the next few days with this precious metal trading at Rs.2,971 per gram on the last two days of the week.
March ’17- Week 3 (13th to 19th)
- Price in the third week of March started off with the same rate as that of the end of the second week. Gold continued to trade at Rs.2,971 per gram on the 13th of March.
- Gold rate fell to Rs.2,950 per gram on the 15th of March which was also the lowest at which this precious metal traded at in Haryana for the month of March.
- There was a recovery noted in the rate of gold the next day wherein this metal traded at Rs.2,960 per gram.
- This recovery could be attributed to increased demand for this metal from jewellers in domestic markets.
- Gold was steady at Rs.2,971 per gram on the last two days of the third week of March in Haryana.
March ’17- Weeks 4 (20th to 26th)
- Rate of gold increased marginally to Rs.2,976 per gram on the 20th of March due to positive market cues.
- On the 22nd, a marginal rise was noted in gold rate wherein this traded at Rs.3,003 per gram. This rate was noted on the next day as well.
- On the 24th of March, gold traded at Rs.2,993 per gram. There was no other change noted in the rate of gold as the third week of March progressed.
March ’17- Weeks 5 (27th to 31st)
- The price of gold was steady at Rs.3003 per gram due to increased but stable demand for this precious metal from jewellers as well as markets in both India and abroad.
- However, this demand could not be sustained and on the last day of the month, the rate of gold plunged to Rs.2,991 per gram.
- A monthly decline of 0.59% was noted in the rate of gold during the month of March.
|February 1st Rate||Rs.2,978 per gram|
|February 28th Rate||Rs.3,020 per gram|
|Highest Rate in February||Rs.3,031 per gram from 25th to 27th of February|
|Lowest Rate in February||Rs.2,957 from 4th to 6th of February|
February ‘17 - Week 1 (1st to 5th)
- The price of gold in Haryana was relatively stable for the first week as demand was quite low.
- Gold traded at Rs.2,978 per gram on 1st February, with the price remaining unchanged till 3rd of February due to stable demand.
- However, this demand could not be sustained and fell slightly over the next few days.
- During the last two days of the week, gold traded at Rs.2,957 per gram. This was also the lowest at which gold traded for the month of February.
February ‘17 - Week 2 (6th to 12th)
- Price of gold continued from the previous week to trade at Rs.2,957 per gram due to low but sustained demand.
- The second week saw the price of gold rise, due to demand from jewellers.
- Gold was priced at Rs.2,999 per gram on 7th February, with the price rising by Rs.10 per gram to trade at Rs.3,009 per gram on 8th February.
- Rate of gold was steady at Rs.3,009 per gram until the 10th of February due to stable demand for this precious metal due to positive market cues.
- Low industrial demand coupled with fluctuating overseas markets led to an decrease in demand for gold.
- Gold prices reduced further, trading at Rs.2,983 per gram on 11th February and stayed steady at this rate until the end of the second week of February.
February ’17- Week 3 (13th to 19th)
- Prices in the third week of February fluctuated due to market forces, as the U.S. Dollar rate was unstable.
- Gold traded at Rs.2,983 per gram on 13th February, with the price falling to Rs.2,973 per gram on 14th February. This rate was maintained until the 15th of February.
- Prices rose again due to stabilization of industrial demand, trading at Rs.2,989 per gram on 16th February.
- Gold rose to Rs.3,004 per gram on 17th February as markets fell, which increased demand for bullion.
- Gold prices were steady for the rest of the week, trading at Rs.2,999 per gram on 18th February and continued the next day.
February ’17- Weeks 4 & 5 (20th to 28th)
- Prices in the last two weeks of February saw prices rise due to increased demand, with gold trading at Rs.2,999 per gram on 20th February.
- Due to high and constant demand, the price of gold was steady at Rs.2,999 per gram until the 24th of the month.
- After this, due to positive market cues and increased demand from international as well as domestic markets, the price of gold rose up to Rs.3,031 per gram which was also the highest at which gold traded at for the month of February.
- A rise of 1.41% was seen in the rate of gold as the month came to an end.
|January 1st Rate||Rs.2,844 per gram|
|January 31st Rate||Rs.2,958 per gram|
|Highest Rate in January||Rs.2,979 per gram on 23rd & 24th January|
|Lowest Rate in January||Rs.2,844 per gram from 1st-3rd January|
January ‘17 - Week 1 (1st to 7th)
- The gold price in Haryana for the month of January rose due to higher demand from the industrial sector and favourable market conditions.
- Gold traded at Rs.2,844 per gram on 1st January, as stable demand kept prices constant till 3rd January.
- Increased demand from the industrial sector led to a rise in price, as local demand also rose.
- Gold was priced at Rs.2,866 per gram on 6th January as markets dipped marginally, which prompted a higher demand for gold.
- Gold traded at Rs.2,866 per gram on 7th January, recording an increase of Rs.22 per gram over the week.
January ‘17 - Week 2 (8th to 14th)
- The second week of January saw gold prices continue to rise due to favourable market conditions, trading at Rs.2,866 per gram on 8th January.
- Prices rose to Rs.2,888 per gram on 10th January as industrial orders rose from Asia, as the U.S. Dollar was unstable and fell on poor trading.
- Gold futures also rose as gold prices kept increasing, reaching Rs.2,925 per gram on 12th January on consistent demand both domestically as well as internationally.
- Gold traded at Rs.2,941 per gram on 14th January, an increase of Rs.75 per gram over the week.
January 2017- Week 3 (15th to 21st)
- Gold prices continued to rise in the second week on strong demand from the Asian markets.
- Gold traded at Rs.2,941 per gram on 15th January, rising to Rs.2,973 per gram on 18th January due to higher demand from Asia before the Lunar New Year.
- Prices fell as demand declined, with gold trading at Rs.2,952 per gram on 20th January on poor domestic demand.
- Gold prices rose marginally towards the end of the week, trading at Rs.2,963 per gram on 21st January, to record a weekly increase of Rs.22 per gram.
January 2017- Weeks 4 & 5 (22nd to 31st)
- The price of gold in the last two weeks of January saw fluctuations due to an unstable U.S. Dollar.
- Gold traded at Rs.2,963 per gram on 22nd January, and prices rose to Rs.2,979 per gram on 233rd January due to a fall in market performance as investors were wary following the inauguration of Donald Trump as U.S. President.
- Gold prices were unchanged for the subsequent days despite reduced demand from Asian markets, with prices falling on 27th January to trade at Rs,2947 per gram.
- Prices fell due to a decrease in demand but rose as the month ended, trading at Rs.2,967 per gram on 30th January.
- Prices fell on the last day of the month, trading at Rs.2,958 per gram on lowered demand, though the overall trend was an increase in price.
Gold as an investment in Haryana
Over-the-counter: Gold is sold in the form of bullions, coins and jewellery in Haryana. Gold as a physical asset is, by and large, considered a safer investment compared to equities. Gold prices differ from city to city in Haryana due to several factors such as making charges (amount paid for the labour involved for making jewellery; if the price of gold is higher, it would reflect on the making charges), transportation costs, local taxes and procurement costs among others. Customers can check the spot gold price on MCX and NCDEX to keep a tab on variations in the rates of the yellow metal. Banks also sell gold coins in various weights - 2 to 100 gram bars with 99.99% purity (certificates of purity is provided by the banks). Gold Souk is one of the major jewellery mall developers in Haryana. Other major jewellery stores include Hazoorilal jewellers, Tanishq and Shri Ram Jewellers.
Market trade: Many investors prefer buying gold exchange traded funds (ETFs) to physical gold since the former offers higher liquidity and greater ease of storage. Gold ETFs track the price of the yellow metal. Gold ETFs have been on a downward slide, posting negative returns and outflows since May 2013 (overall net outflow stood at Rs. 4,000 crore). Gold ETFs assets fell 8.5% to Rs.5,957 crore in July this year. Fresh gold ETFs sales are slow owing to plummeting gold prices for the past two years in addition to a negative outlook on the back of a strong stock market. Investors also trade in gold futures by opening a trading account with an initial deposit of Rs. 50,000 to Rs 1 lakh. Speculation about US interest rate hike is one of the many factors which influence sentiments in gold futures.
Also Check Gold Prices in the Cities of Haryana
|Gold Rate In Gurgaon||Gold Rate In Faridabad||Gold Rate In Ambala|
|Gold Rate In Hisar||Gold Rate In Karnal||Gold Rate in Chandigarh|
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