Gold Rate In Haryana

  • Today's Gold Rate in Haryana ( 26 Sep 2021 )

    ₹ 4,479
    Today's Gold Rate (22K) per gram

    Compare 22K & 24K Gold Rate In Haryana (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,479 ₹ 4,479 ₹ 0 ↑
    Standard Gold (22 K) ( 8 grams ) ₹ 35,832 ₹ 35,832 ₹ 0 ↑
    Pure Gold (24 K) ( 1 gram ) ₹ 4,703 ₹ 4,703 ₹ 0 ↑
    Pure Gold (24 K) ( 8 grams ) ₹ 37,624 ₹ 37,624 ₹ 0 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    25 Sep 2021 ₹ 4,479 ₹ 35,832 ₹ 4,703 ₹ 37,624
    24 Sep 2021 ₹ 4,479 ₹ 35,832 ₹ 4,703 ₹ 37,624
    23 Sep 2021 ₹ 4,519 ₹ 36,152 ₹ 4,745 ₹ 37,960
    22 Sep 2021 ₹ 4,544 ₹ 36,352 ₹ 4,771 ₹ 38,168
    21 Sep 2021 ₹ 4,509 ₹ 36,072 ₹ 4,734 ₹ 37,872
    20 Sep 2021 ₹ 4,489 ₹ 35,912 ₹ 4,713 ₹ 37,704
    19 Sep 2021 ₹ 4,499 ₹ 35,992 ₹ 4,724 ₹ 37,792
    18 Sep 2021 ₹ 4,499 ₹ 35,992 ₹ 4,724 ₹ 37,792
    17 Sep 2021 ₹ 4,499 ₹ 35,992 ₹ 4,724 ₹ 37,792
    16 Sep 2021 ₹ 4,559 ₹ 36,472 ₹ 4,787 ₹ 38,296

    Weekly & Monthly Graph of Gold Rate in Haryana

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    *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 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 August 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    August 1 Rate Rs.4,892 per gram
    August 31 Rate Rs.4,818 per gram
    Highest Rate in August Rs.4,892 per gram on 1st and 2nd August
    Lowest Rate in August Rs.4,719 per gram on 9th, 10th and 11th August
    Overall Performance Decline
    Percentage Change -1.51%

    Trend of Monthly Gold Rate in Haryana for August 2021:

    • Gold opened the month of August at Rs.4,892 per gram in Haryana. There was no change in the price of the yellow metal when the rate was compared to previous week’s closing price.
    • The opening price of gold was the highest for the month in the state. The rate saw constant changes over the month and recorded its lowest on 9th August with a gram costing Rs.4,719.
    • Gold price in Haryana closed the month at Rs.4,818 per gram. The overall performance was one of decline with the percentage change being -1.51%.

    Trend of Gold Rate in Haryana for July 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    July 1 Rate Rs.4,792 per gram
    July 31 Rate Rs.4,892 per gram
    Highest Rate in July Rs.4,918 per gram on 16, 20, and 30 July
    Lowest Rate in July Rs.4,792 per gram on 1 July
    Overall Performance Incline
    Percentage Change 2.09%

    Trend of Monthly Gold Rate in Haryana for July 2021:

    • Gold price in Haryana opened the month of July at Rs.4,792 per gram. It was the lowest recorded price of the precious metal for the month.
    • The rate of the yellow metal witnessed a lot of fluctuations in the city over the month. Gold recorded its highest price for the month for the first time on 16th July before hitting that mark again on 20th and 30th July. On the mentioned dates, a gram of 24-karat gold cost Rs.4,918.
    • Gold closed the month at Rs.4,892 per gram in Haryana with the overall performance witnessing an inclining trend. The percentage change recorded in the rates stood at 2.09%.

    Trend of Gold Rate in Haryana for June 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    June 1 Rate Rs.5,013 per gram
    June 30 Rate Rs.4,771 per gram
    Highest Rate in June Rs.5,034 per gram on 3 June
    Lowest Rate in June Rs.4,771 per gram on 30 June
    Overall Performance Decline
    Percentage Change -4.83%

    Trend of Monthly Gold Rate in Haryana for June 2021:

    • Gold prices in Haryana in the month of June opened strongly at Rs.5,013 per gram and increased to reach Rs.5,034 per gram on 3 June, which also happened to be the highest price point it would attain for the whole month in the state.
    • Prices started fluctuating and decreasing steadily, reaching Rs.4,771 per gram by the end of the month which was also the lowest price point for the yellow metal in the state in June.
    • The overall performance of gold in the state of Assam was on a decline with a percentage change of –4.83% which was in keeping with global cues.

    Trend of Gold Rate in Haryana for May 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    May 1 Rate Rs.4,770 per gram
    May 31 Rate Rs.4,998 per gram
    Highest Rate in May Rs.4,998 per gram on 31 May
    Lowest Rate in May Rs.4,770 per gram on 1 May
    Overall Performance Incline
    Percentage Change 4.78%

    Trend of Monthly Gold Rate in Haryana for May 2021:

    • The gold rate in Haryana opened at the rate of Rs.4,770 per gram for the month of May 2021. The prices of the yellow metal fluctuated throughout the month.
    • The precious metal had recorded the lowest price during the month on 1 May 2021 wherein it was being traded at the rate of Rs.4,770 per gram. The yellow metal closed the month standing at the rate of Rs.4,998 per gram which was also the highest recorded price point.
    • There was an overall increase of 4.78% in the performance of gold during the month in Haryana.

    Trend of Gold Rate in Haryana for April 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    April 1 Rate Rs.4,527 per gram
    April 30 Rate Rs.4,761 per gram
    Highest Rate in April Rs.4,892 per gram on 22 April
    Lowest Rate in April Rs.4,527 per gram on 1 April
    Overall Performance Incline
    Percentage Change 5.16%

    Trend of Monthly Gold Rate in Haryana for April 2021:

    • On 1 April, the price of gold in Haryana was at Rs.4,527 per gram. However, by the end of the month, gold prices increased in the state and were at Rs.4,761 per gram.
    • The highest and lowest rates that the yellow metal hit for the month were on 22 April and 1 April and were at Rs.4,892 per gram and Rs.4,527 per gram, respectively.
    • Overall, gold prices increased by 5.16% in Haryana in April.

    Trend of Gold Rate in Haryana for March 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    March 1 Rate Rs.4,673 per gram
    March 31 Rate Rs.4,472 per gram
    Highest Rate in March Rs.4,796 per gram on 11 March
    Lowest Rate in March Rs.4,472 per gram on 31 March
    Overall Performance Decline
    Percentage Change –4.30%

    Trend of Monthly Gold Rate in Haryana for March 2021:

    • Gold prices in Haryana in March opened at a healthy rate of Rs.4,673 per gram for 24 karat gold.
    • Gold prices continued to fluctuate throughout the month, hitting the highest price point on 11 March at Rs.4,796 per gram.
    • However, by the end of the month, the rate of gold in Haryana had hit the lowest point at Rs.4,472 per gram on 31 March.
    • The overall performance for the yellow metal in the state was on a declining trend with a percentage change of –4.30% overall in keeping with global trends around the precious metal.

    Trend of Gold Rate in Haryana for February 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    February 1 Rate Rs.4,995 per gram
    February 28 Rate Rs.4,647 per gram
    Highest Rate in February Rs.4,995 per gram on 1 February
    Lowest Rate in February Rs.4,647 per gram on 27 February and 28 February
    Overall Performance Decline
    Percentage Change 6.94%

    Trend of Monthly Gold Rate in Haryana for February 2021:

    • In Haryana, the month of February opened with gold price standing at the rate of Rs.4,995 per gram.
    • The price of gold in Haryana witnessed a fluctuating trend in the city over the next few days. The highest price for the month was Rs.4,995 on 1 February.
    • Gold prices in Haryana recorded its lowest for the month on 27 February and 28 February when a gram of the 24-karat gold was being traded for Rs.4,647. The overall performance of the yellow metal witnessed a declining trend wherein the percentage change stood at 6.9%.

    Trend of Gold Rate in Haryana for January 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    January 1 Rate Rs.5,079 per gram
    January 31 Rate Rs.4,988 per gram
    Highest Rate in January Rs.5,213 per gram on 6 January
    Lowest Rate in January Rs.4,935 per gram on 29 January
    Overall Performance Decline
    Percentage Change -1.79%

    Trend of Monthly Gold Rate in Haryana for January 2021:

    • Gold rates in Haryana for the month of January 2021, opened at the rate of Rs.5,079 per gram. It closed the month standing at the rate of Rs.4,988 per gram.
    • The highest price of the yellow metal was recorded on 6 January 2021 wherein it stood at the rate of Rs.5,213 per gram. The lowest recorded price was Rs.4,935 per gram. This was recorded on 29 January 2021.
    • The overall performance of the precious metal witnessed a decline of –1.79% during the month.

    Trend of Gold Rate in Haryana for December 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    December 1 Rate Rs.4,846 per gram
    December 31 Rate Rs.5,074 per gram
    Highest Rate in December Rs.5,130 per gram on 21 December
    Lowest Rate in December Rs.4,846 per gram on 1 December
    Overall Performance Incline
    Percentage Change 4.70%

    Trend of Monthly Gold Rate in Haryana for December 2020:

    • The price of gold in Haryana for the month of December opened at Rs.4,846 per gram and closed at Rs.5,074 per gram.
    • Over the first few days of the month, gold prices fluctuated in the state. The lowest rate that gold hit for the month was on the first day. The highest rates that the yellow metal touched for the month was on 21 December and was at Rs.5,130 per gram.
    • Overall, gold prices increased by 4.70% over the course of the month in Haryana.

    Trend of Gold Rate in Haryana for November 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    November 1 Rate Rs.5,171 per gram
    November 30 Rate Rs.4,890 per gram
    Highest Rate in November Rs.5,215 per gram on 7, 8 and 9 November
    Lowest Rate in November Rs.4,890 per gram on 28, 29 and 30 November
    Overall Performance Decline
    Percentage Change -5.43%

    Trend of Monthly Gold Rate in Haryana for November 2020:

    • Gold prices in Haryana started off at 5,171 per gram and continued at the same price point for the first few days of the first week.
    • However, the gold rate in Haryana started fluctuating by the second week of November but soon regained momentum, hitting the highest price on 7, 8, and 9 November at Rs.5,215 per gram.
    • Gold prices in Haryana started declining during the second half of the month and by the end of the month was at Rs.4,890 per gram, which was also the lowest price in the month of November, and stayed that way for three days, on 28, 29, and 30 November.
    • The overall performance of gold prices in Haryana was on a decline of –5.43% throughout the month.

    Trend of Gold Rate in Haryana for October 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    October 1 Rate Rs.5,166 per gram
    October 31 Rate Rs.5,171 per gram
    Highest Rate in October Rs.5,229 per gram on 13 October
    Lowest Rate in October Rs.4,914 per gram on 18, 19, and 20 October
    Overall Performance Incline
    Percentage Change 0.09%

    Trend of Monthly Gold Rate in Haryana for October 2020:

    • The price of gold opened the month of October at Rs.5,166 per gram. Gold rate in Haryana was up by Rs.31 for every gram when the price was compared to the closing price of the previous month.
    • Gold rates witnessed a lot of fluctuations in the state over the next few days. The yellow metal recorded its highest price for the month on 13th October when a gram of the 24-karat gold was retailed for Rs.5,229.
    • In Haryana, the price of the precious metal slipped following that and recorded its lowest price for the month on 18th October. On the mentioned date, a gram cost Rs.4,914. Having remained unchanged for two days, gold price climbed to Rs.5,171 on 21st October and remained stagnant till the end of the month. The overall performance witnessed an inclining trend with the percentage change being 0.09%.

    Trend of Gold Rate in Haryana for September 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    September 1 Rate Rs.5,287 per gram
    September 30 Rate Rs.5,135 per gram
    Highest Rate in September Rs.5,297 per gram on 16 September
    Lowest Rate in September Rs.5,077 per gram on 29 September
    Overall Performance Decline
    Percentage Change -2.87%

    Trend of Monthly Gold Rate in Haryana for September 2020:

    • Gold prices in Haryana opened at Rs.5,287 per gram for 24 karat gold in the month of September. It continued to hold steady hovering around the Rs.5,200 range throughout the first, second, and third weeks of the month as the dollar continued to be volatile. The speculation around the US presidential election also played a part in the price of gold in Haryana.
    • The highest gold rate in Haryana was on 16 September at Rs.5,297 per gram while the lowest price of gold was on 29 September at Rs.5,077 per gram for 24 karat gold.
    • By the end of the month, the gold price in Haryana settled down to Rs.5,077 per gram with an overall monthly performance of -2.87% which was on a decline.

    Trend of Gold Rate in Haryana for August 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    August 1 Rate  Rs.5,481 per gram
    August 31 Rate  Rs.5,250 per gram
    Highest Rate in August Rs.5,749 per gram on 8 August
    Lowest Rate in August Rs.5,234 per gram on 27 and 28 August
    Overall Performance  Decline
    Percentage Change -4.21%

    Trend of Monthly Gold Rate in Haryana for August 2020:

    • Gold stepped into August being priced at Rs.5,481 per gram. The rate in Haryana has reached its lowest on 27 and 28 August. On these days, the metal was sold at Rs.5,234 per gram.
    • The highest gold price in Haryana for August was Rs.5,749 per gram on 8 August.
    • After fluctuating throughout the month, the gold price settled at Rs.5,250 per gram on 31 August. The overall trend for the metal was a decline of 4.21%.

    Trend of Gold Rate in Haryana for July 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    July 1 Rate Rs.4,946 per gram
    July 30 Rate Rs.5,439 per gram
    Highest Rate in July Rs.5,439 per gram on 31 July
    Lowest Rate in July Rs.4,925 per gram on 7 July
    Overall Performance Incline
    Percentage Change 9.96%

    Trend of Monthly Gold Rate in Haryana for July 2020:

    • In Haryana, a gram of the 24-karat gold was priced Rs.4,946 on 1st of July. There was a drop of Rs.15 in the rates when compared to the closing price of the previous month.
    • In the opening week of the month, the price of gold remained stagnant for the most part before dropping to Rs.4,925 per gram on 7th July. This was lowest recorded price of the precious metal in July. Over the month, the rate of the yellow metal continued to see fluctuations.
    • Gold closed the month at Rs.5,439 per gram. This was the highest for the month in the state. The metal’s overall performance witnessed an inclining trend with the percentage change being 9.96%.

    Trend of Gold Rate in Haryana for June 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    June 1 Rate Rs.4,799 per gram
    June 30 Rate Rs.4,961 per gram
    Highest Rate in June Rs.4,961 per gram on 30 June
    Lowest Rate in June Rs.4,725 per gram on 8 June
    Overall Performance Incline
    Percentage Change 3.37%

    Trend of Monthly Gold Rate in Haryana for June 2020:

    • A gram of the 24-karat gold was priced Rs.4,799 at the start of the month in Haryana. Compared to the closing price of the previous month, the rates were up by 33 paise. The rates fluctuated over the opening week before recording its lowest for the month on 8th June with a gram costing Rs.4,725.
    • Gold rates started to climb in the state following that as demand increased given the increasing number of coronavirus cases. Gold breached the mark of Rs.4,900 on 21st June with a gram being retailed for Rs.4,909 on the mentioned date.
    • The precious metal closed the month at Rs.4,961 per gram in Haryana. This was the highest recorded price of the metal for the month. The overall performance of the yellow metal witnessed an inclining trend in the rates with the percentage change being 3.37%.

    Trend of Gold Rate in Haryana for May 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    May 1 Rate Rs.4,699 per gram
    May 31 Rate Rs.4,799 per gram
    Highest Rate in May Rs.4,883 per gram on 18 and 19 May
    Lowest Rate in May Rs.4,646 per gram on 2 May
    Overall Performance Incline
    Percentage Change 2.13%

    Trend of Monthly Gold Rate in Haryana for May 2020:

    • In Haryana, the price of gold opened at the rate of Rs.4,699 per gram on 1 May. The price of the precious yellow metal in Haryana showed an overall marginal incline for the month. The price of the precious metal, on 2 May, had dipped to Rs.4,646 per gram. This was affected by the positive Japanese equities data which prompted the investors around the globe to shift to the stock market with higher risk appetite. However, the price of the metal recovered marginally and was priced at Rs.4,751 per gram on 3 May, increasing by Rs.105 per gram and remained steady until 4 May. With investors shifting away from riskier assets gradually owing to the higher number of COVID-19 cases and them expecting a second wave of the pandemic to hit soon, the price of the metal increased significantly. However, on 5 May, the price of the metal dipped marginally and stood at the rate of Rs.4,679 per gram and increased to Rs.4,694 per gram again on 6 May 2020 and remained steady on 7 May, closing the week at the same price.
    • For the second week of the month, the gold prices showed continuous fluctuations in the first half of the week. It opened at the rate of Rs.4,694 per gram on 8 May. However, the price of the precious yellow metal dipped down again and stood at the rate of Rs.4,678 per gram on 9 May and remained steady on 10 May. With more investors around the world shifting to the bullion market amidst rising tensions between the United States of America (USA) and China, the price of the yellow metal increased marginally and stood at the rate of Rs.4,694 per gram on 11 May and held steady at the same price on 12 May. On 13 May, the price of gold had increased yet again to cross the Rs.4,700 per gram mark and stood at the rate of Rs.4,741 per gram. However, it dipped marginally to Rs.4,720 per gram again on 14 May. The dip in prices was majorly in regard to the investors shifting to the equities market amidst a higher risk appetite. On the last day of the week, the price of the precious metal increased and closed at the rate of Rs.4,788 per gram for 24 karats.
    • The precious yellow metal opened the third week of the month standing at the rate of Rs.4,841 per gram on 16 May. It witnessed an increase of Rs.53 per gram. The price of gold increased with the value of the dollar dipping in the international market. On 17 May, the yellow metal held steady at Rs.4,841 per gram and increased by Rs.42 per gram, thereafter, hitting the highest price of the week and the month. The highest recorded price was Rs.4,883 per gram on 18 May. The rise in prices was due to investors staying away from riskier assets as they awaited the decision of the White House on the security law being imposed on Hong Kong by China. Gold prices were steady at the same rate on 19 May, wherein it stood at the rate of Rs.4,883 per gram and soon dipped to Rs.4,851 per gram on 20 May. The price of the precious metal dipped marginally as investors shifted to the equities market expecting the economy to recover faster with more countries relaxing their lockdown restrictions and restart the economy. On 21 May, the price of the metal was steady at the same price and closed the week standing at the rate of Rs.4,851 per gram on 22 May.
    • In the fourth week of the month, the price of gold in Haryana dipped and opened at the rate of Rs.4,802 per gram on 23 May and held steady on 24 May, at the same price. In the last week of the month, with riots breaking out in many states in the United States of America (USA) along with geopolitical tensions rising between the U.S. and China, investors shifted to the bullion market. On 26 May, the price of gold dipped to below the Rs.4,800 per gram mark and stood at the rate of Rs.4,775 per gram. The yellow metal was priced the same on 27 May. The price of the metal dipped yet again with increased risk appetite amongst investors who were expecting a faster recovery of the economy. On 29 May, the price of the metal was Rs.4,746 per gram and gold prices dipped marginally on 31 May, closing the month and the week at Rs.4,727 per gram. The metal recorded an overall incline of 2.13% for the month of May 2020.

    Trend of Gold Rate in Haryana for April 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    March 1 Rate Rs.4,253 per gram
    March 31 Rate Rs.4,761 per gram
    Highest Rate in March Rs.4,846 per gram on 29 April
    Lowest Rate in March Rs.4,253 per gram from 1 - 20 April
    Overall Performance Incline
    Percentage Change 11.94%

    Trend of Monthly Gold Rate in Haryana for April 2020:

    • The gold prices in the state of Haryana for the month of April opened at a Rs.4,253 for 24 Karat gold. This price remained constant for the first 20 days of the month. The reason behind prices remaining steady was due to global trends surrounding the coronavirus pandemic. Countries all over the world were forced go into lockdown and practice social distancing norms as fears of a global recession loomed large due to the coronavirus, due to which the global market suffered. However, while traders moved towards more safe-haven investments such as bullions, the prices were held back from rising exponentially due to the dollar holding strong on the back of several economic stimulus measures announced by the US Federal Reserve as well as the central banks of almost every other country.
    • As mentioned earlier, the price of gold remained steady at Rs.4,253 per gram for 24 Karat gold for the entire week. There was tentative pull towards equities after reports of a slowdown in coronavirus-related deaths coming in from several parts of the world emerged. However, investors decided to turn to gold as a safe-haven investment because of the ever-widening reach of the coronavirus which continued to impact the global economy.
    • In the third week of April, gold continued to remain unchanged at Rs.4,253 per gram for 24 Karats, which by now was also the lowest price for gold in the month of April. The price of gold was impacted due to the release of the US payroll data which confirmed a bleak prognosis for the economy as the true impact of the virus became clear with almost every state in the US continuing to be on lockdown. The investors turned to yellow metal after US crude oil futures plummeted to historic lows. The investors continued to be wary of equities and preferred to stick to bullions instead. This was also in response to increasing fears of a global recession which lowered the risk appetite of investors around the world.
    • In the last week of April, the prices of gold suddenly started changing, rising abruptly to Rs.4,792 per kg for 24 Karat at the beginning of the fourth week. This was an abrupt increase from the Rs.4,253 that it had remained on for almost 20 days previously. Gold touched its highest price point of Rs.4,846 per gram on 29 April. This was in response to the continuing havoc created due to the impact of Covid-19 around the world with the death toll remaining high. Along with the US dollar weakening, optimism of the economy reopening in the US and other countries also went down, forcing the investors to turn to precious metals as a safe haven in volatile times. The overall trend for gold in Haryana in April thus remained on a firm incline of 11.94% throughout.

    Trend of Gold Rate in Haryana for March 2020 (rates per gram for 24 karat gold)

    Parameter Gold price (24 karat)
    March 1 Rate Rs.4,274 per gram
    March 31 Rate Rs.4,253 per gram
    Highest Rate in March Rs.4,536 per gram on 7 March
    Lowest Rate in March Rs.4,111 per gram on 20 March
    Overall Performance Decline
    Percentage Change -0.49%

    Gold Rate Trend in Haryana for March 2020:

    • In Haryana, gold opened the month of March at Rs.4,274 per gram. Compared to the closing price of the previous month, the rates were down by Rs.94 for every gram. The opening week saw the rates of the precious metal climb as investors hoped that the US Federal Reserve will cut the interest rates to combat the impact of coronavirus on the economy.
    • Gold rates slipped in the state over the second week as traders resorted to selling off their assets in order to hoard cash. Having recorded its highest rate for the month on 7th March, gold prices dropped to Rs.4,431 per gram on 13th March.
    • In the third week, the rates of gold fluctuated as investors continued to liquidate their positions in the precious metal despite measures taken by global central banks to combat the impact of coronavirus pandemic. The yellow metal recorded its lowest price on 20th March with every gram of the 24-karat gold costing Rs.4,111 in the state.
    • The rates of gold remained steady over the final week after climbing marginally on 22nd March. Gold closed the month at Rs.4,253 per gram in Haryana with the overall performance witnessing a declining trend of 0.49% in the prices.

    Trend of Gold Rate in Haryana for February 2020 (rates per gram for 24 karat gold)

    Parameter Gold price (24 karat)
    February 1 Rate Rs.4,169 per gram
    February 29 Rate Rs.4,368 per gram
    Highest Rate in February Rs.4,394 per gram on 25 and 26 February
    Lowest Rate in February Rs.4,116 per gram on 7 February
    Overall Performance Incline
    Percentage Change 4.77%

    Gold Rate Trend in Haryana for February 2020:

    • Gold opened at Rs.4,169 per gram for 24 karat in Haryana with prices gaining steadily and prices peaking to the highest in five months since safe-haven investments were looking up following the coronavirus epidemic that had now spread globally.
    • In the first week itself, however, gold fell from its 4-week high as China slashed repo rates and started injecting liquidity into the markets in order to boost the economy that was being impacted by the virus. The virus scare also hit sales in physical gold markets, bringing down the rates just as the US dollar recovered, thus reducing some of its appeal as a safe-haven investment. The lowest rate in February was in this week, on 7 February, at Rs.4,116 per gram for 24 karat.
    • In the second week, with the coronavirus claiming more lives around the world and fresh cases being reported, the appeal of gold as a safe haven only increased again. Asian stock markets ticked even lower than previous weeks.
    • In the third week of February, gold again reached a two-week high with rising fears around the coronavirus amplified by Apple’s announcement about a shortfall in its sales that resulted in a slump in global equities.
    • By the fourth week, gold had hit its highest rate on 25 and 26 February of Rs.4,394, reaching a 7-year high on the back of a US warning about the coronavirus spiking demand for safe-haven investments. Overall, for the month of February, gold rate saw an upward trend in Haryana with an incline of 4.77%.

    Trend of Gold Rate in Haryana for January 2020 (rates per gram for 24 karat gold)

    Parameter Gold price (24 karat)
    January 1 Rate Rs.3,995 per gram
    January 31 Rate Rs.4,169 per gram
    Highest Rate in January Rs.4,211 per gram on 9 January
    Lowest Rate in January Rs.3,995 per gram on 1 January
    Overall Performance Incline
    Percentage Change 4.35%

    Gold Rate Trend in Haryana for January 2020:

    • In Haryana, the rates of gold started the month of January at Rs.3,995 per gram which was also the lowest price recorded by the yellow metal for January. The gold prices fluctuated over the month due to various reasons, primary of which was the outbreak of the Coronavirus, the trade deal between China and U.S.A, and the unrest in middle east after Iranian General Qassem Soleimani was killed.
    • Gold recorded the highest price for the month on 9 January with every gram of the yellow metal being traded for Rs.4,211 in the state. This was due to the weakening of the dollar as investors moved to much safer haven due to the uncertainties regarding the trade deal between Beijing and Washington.
    • The gold prices however slipped in the state due to various reasons. While the tensions between U.S and Iran eased, Donald Trump announcing a phase-1 deal between Beijing and Washington compelled the investors to move towards riskier assets.
    • However, as the trend for the month of January showed with gold prices fluctuating, the gold rates rose due to the outbreak of Coronavirus in China followed by FED keeping the interest rates steady played a role in the price of the yellow metal increasing. The military attack in Yemen, and Chinese looking to buy more during the Chinese Lunar New Year aided the gold prices rising.
    • Gold closed the first month of 2020 at Rs.4,169 per gram with the overall performance showing an incline of 4.35% in the prices of the precious metal.

    Also Check Gold Price in Metro Cities

    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

    Today's Gold Rate In Gurgaon Today's Gold Rate In Faridabad Today's Gold Rate In Ambala
    Today's Gold Rate In Hisar Today's Gold Rate In Karnal Today's Gold Rate in Chandigarh

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