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Gold price in Hisar
Hisar is located in the state of Haryana and is the administrative centre for Hisar district. Touted as an alternative to the NCR region it acts as a magnet and attracts migrant workers and is developing parallel to the NCR region. This region has a diverse history and was ruled by a barrage of kingdoms including the Mauryan empire in the 3rd century B.C along with the Tughlaqs in the 14th Century A.D. the city of Hisar became a hub for educational institutes post independence and soon transitioned into a manufacturing economy and became a hub for production of steel and galvanized iron. It is also known as the city of steel. Other prominent industries of this city include livestock farms, textile industries and automobile parts.
Trend of Gold Rate in Hisar 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 Gold Rate in Hisar 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 Gold Rate in Hisar 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 Gold Rate in Hisar 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 Gold Rate in Hisar 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 Gold Rate in Hisar 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% |
Trend of Gold Rate in Hisar 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% |
Trend of Gold Rate in Hisar 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 is a dynamic commodity and it’s prices are always fluctuating, not just for the country as a whole but fluctuates within different parts of the country as well. Global economic forces, interest rates, production laws and taxes levied against gold, import duties and other cess levied against jewellers all contribute to increasing or decreasing the price of gold and as a result the prices fluctuate across the country. A major defining factor in the price of gold is its purity content. 24 karat gold is widely considered as the purest form of gold and as such is the most expensive and 22 karat gold is considered as second most pure and is slightly cheaper.
Gold investment avenues in Hisar
Investment in gold has been a long standing practice in India. Gold is not only viewed as a status of wealth and prosperity in the Indian society and with its roots deeply entwined into Indian culture; it is often bought during religious or celebratory occasions. Gold has also, by far and large remained unaffected by the forces of inflation. Hence this precious metal is considered as a safe haven for investors. It has a high liquidity factor and helps one diversify their portfolio
Over-the-counter – This form of gold purchase is the simplest and most easily accessible. Gold can be bought from a multitude of jewellers at very competitive rates especially during the festival seasons and the varying prices fit within the budget of many looking to purchase the metal. Banks across Hisar offer investment avenues for gold which makes investing the gold easy. The most common form of gold bought as investments are gold coins and gold bars. The ornamental jewellery is usually purchased t celebrate certain occasions and are purchased in the form of chains, necklace sets, ear-rings and bangles.
Market trade – this form of gold trade acts solely as a form of investment and trading and while it is catching on in Hisar, it still is in the early stages. The market trading of gold can be done through Gold ETF’s or gold futures and if one is willing to put in the effort and time to overcome the learning curve, gold trade can also be done on the National Stock Exchange or on Mumbai Stock Exchange
Also Check Gold Price in NearBy Cities of Hisar
