Gold Rate In Hisar

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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 3^rd century B.C along with the Tughlaqs in the 14^th 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.

Gold Rate Trend in Hisar for January 2018 to March 2018 (per gram of 24 karat gold)

Factor	January	February	March
1st day	Rs.3,010 per gram	Rs.3,077 per gram	Rs.3,113 per gram
Last day	Rs.3,066 per gram	Rs.3,129 per gram	Rs.3,134 per gram
Highest price	Rs.3,120 per gram on 24 and 25 January	Rs.3,161 per gram on 18 and 19 February	Rs.3,171 per gram on 25 and 26 March
Lowest price	Rs.3,010 per gram from 1 to 3 January	Rs.3,035 per gram on 9 February	Rs.3,098 per gram on 19 & 20 March
Trend	Incline	Incline	Incline
Change	1.19%	1.68%	0.67%

Gold Rate Trend in Hisar for January 2018:

• In Hisar, one of Haryana’s historically rich cities, gold rates witnessed considerable shifts over the first quarter of 2018.
• The month of January began with gold trading at Rs.3,010 per gram. Due to poor demand gold started at a significant low this month.
• Rates continued to remain at Rs.3,010 per gram till the 3rd. This was the lowest gold rate for the month in the city.
• Towards the final two weeks, gold rate in Hisar recorded slight surges, which was aided by a poor US dollar performance.
• During the 24th and the 25th, gold prices in Hisar rose up to Rs.3,120 per gram - the highest for the month.
• However, as the month wore on, prices dropped to Rs.3,066 per gram. A 1.19% positive change in gold prices was recorded this month owing to poor swings in the US dollar rate.

Gold Rate Trend in Hisar for February 2018:

• Equity markets seemed to perform on a low, which caused gold to continue on its upward trend seen in January.
• On the 1st of February, gold in Hisar was priced at Rs.3,077 per gram. A rather strong note compared to the previous month.
• There was a gradual dip in prices over the first two weeks, however, because the US dollar seemed to strengthen against a host of currencies and pushed demand down.
• Gold rates in Hisar went down to a monthly low figure of 3,035 per gram on the 9th as demand was significantly poor.
• Demand, however, picked up as local demand surged towards the end of the second week amid the wedding season.
• Gold traded at Rs.3,161 er gram on the 16th of February - the month’s highest rate as local investors kept purchasing the yellow metal.
• The third and the fourth week saw prices fluctuate as demand subsided and the US dollar reigned supreme and pushed gold prices down.
• February drew to a close with gold trading at Rs.3,129 per gram and a 1.68% hike in prices was recorded over the course the month.

Gold Rate Trend in Hisar for March 2018:

• When March began in Hisar, gold was priced at Rs.3,113 per gram. During the second week, gold demand increased owing to dwindling dollar, and rates went up to as high as Rs.3,134 per gram.
• However, demand subsided after the slightly busy period and, as a result, rates fell. The yellow metal traded at monthly low rates of Rs.3,098 per gram over the 18th and 19th of the month.
• This didn’t last long though, as gold bounced back within less than a week to record its highest rate of Rs.3,171 per gram on the 25th and the 26th.
• The month drew to a close with gold prices consolidating down to Rs.3,134 per gram.
• Gold price in Hisar trends trends rose by 0.67%, thanks to a strong local demand and a slightly weaker US dollar.

Gold Rate Trend in Hisar for October 2017 to December 2017 (per gram of 24 karat gold)

Factor	October	November	December
1st day	Rs.3,063 per gram	Rs.3,006 per gram	Rs.3,016 per gram
Last day	Rs.3,026 per gram	Rs.3,026 per gram	Rs.3,020 per gram
Highest price	Rs.3,072 per gram from 12 to 16 October	Rs.3,060 per gram from 18 to 20 November	Rs.3,036 per gram from 2 to 4 December
Lowest price	Rs.3,026 per gram on 27, 30 and 31 October	Rs.3,006 per gram on 1 November	Rs.2,910 per gram on 11 to 13 December
Trend	Decline	Incline	Incline
Change	-1.20%	0.66%	0.13%

Gold Rate Trend in Hisar for October 2017:

• October’s trading started with gold trading at Rs.3,063 per gram in Hisar.
• The yellow metal’s prices fluctuated for the first two weeks due to uneven demand from local circles brought about by a fluctuating dollar.
• By the 12th, gold rate in Hisar hit Rs.3,072 per gram - the month’s highest rate - and continued till the 15th of the month.
• However, the US dollar continued to mount its comeback and gold rates seemed to fall as the month wore off.
• Gold rates in Hisar hit their lowest for the month on the 30th and the 31st of October when the metal traded at RS.3,026 per gram.
• There was a 0.26% decline in gold price trends which was caused by poor demand in the domestic market.

Gold Rate Trend in Hisar for November 2017:

• When trading began in Hisar for the month of November, gold was priced at Rs.3,006 per gram, which was a Rs.20 decline from the previous day’s rates.
• As demand for the yellow metal continued to remain low, gold rates in Hisar dropped to Rs.3,005 per gram on the 6th of the month.
• However, a falling trend with regards to the US dollar brought about a gradual surge in gold prices. After much fluctuations gold rates reached their highest monthly figures towards the 18th of the month when it traded at Rs.3,060 per gram.
• Gold continued to trade at Rs.3,060 per gram till the 20th as jewellers continued to increase purchases to meet festive demand.
• With the dollar clawing back as the month progressed, gold rate in Hisar went down to Rs.3,026 per gram on the final day of November.
• Gold price trends inclined by 0.66% this month due to a rise in festive demand and a slightly weakened dollar.

Gold Rate Trend in Hisar for December 2017:

• December commenced with gold trading at Rs.3,016 per gram. This rose to Rs.3,036 per gram on the 2nd - and continued till the 4th - as volatility in the US market pushed safe haven demand to new heights.
• Prices seen between the 2nd to the 4th were the highest gold rates for this month, which was brought about by US President Donald Trump’s introduction of new tax laws.
• The backlash the new tax structure brought had a considerable bearing on the way gold prices changed.
• By the 11th gold price in Hisar dropped considerably to Rs.2,940 per gram as the US markets bounced back after some poor showing towards the beginning of the month.
• Gold rate in Hisar improved over the course of the next two weeks and gold close at Rs.3,020 per gram on the 31st of December.
• Price trends had witnessed a 0.13% incline as demand picked up after falling significantly towards the second week of this month.

Gold Rate Trend in Hisar for July 2017 to September 2017 (per gram of 24 karat gold)

Factor	July	August	September
1st day	Rs.2,992 per gram	Rs.2,960 per gram	Rs.3,024 per gram
Last day	Rs.2,950 per gram	Rs.2,999 per gram	Rs.3,063 per gram
Highest price	Rs.2,992 per gram on 1 and 2 July	Rs.3,017 per gram on 28 August	Rs.3,130 per gram on 8 September
Lowest price	Rs.2,843 per gram on 12 and 13 July	Rs.2,930 per gram on 3 August and from 5 to 7 August	Rs.3,024 per gram on 1 September
Trend	Decline	Incline	Incline
Change	-1.4%	1.31%	1.29%

Gold Rate Trend in Hisar for July 2017:

• Gold rates in Hisar opened on a high of Rs.2,992 per gram on the 1st of July.
• The 1st and the 2nd saw a considerably higher rate of gold purchases as the newly legalised GST hadn’t yet taken hold of the market.
• From the 3rd onwards, however, gold prices in Hisar began to be impacted by the 3% GST levied on all gold purchases.
• GST put a halt to positive investor sentiments, which led to gold rates falling for vast majority of this month.
• The yellow metal’s prices saw significant decreases as it traded at Rs.2,942 per gram on the 4th, which then went down to Rs.2,902 per gram by the end of 9th July.
• Gold prices in Hisar fell further to Rs.2,872 per gram on the 11th before recording a monthly low figure of Rs.2,843 per gram on the 13th of July.
• The fall in prices occurred despite the US dollar being hit by the US president Donald Trump’s Russia-related scandal.
• Gold trading remained low yet steady with the metal seen trading at Rs.2,883 per gram by the end of July 20.
• The last ten days saw gold rates bounce back as bullion trading was propped up by a weak dollar and a relatively improving domestic outlook.
• When the month ended, gold was priced at Rs.2,950 per gram - a Rs.42 decline from the first day’s rates.

Gold Rate Trend in Hisar for August 2017:

• In August, gold trading improved as local off take from jewellers and investors surged despite weak demand globally.
• On the 1st of August, gold was priced at Rs.2,960 per gram, which was a slight improvement from the previous day’s rates.
• The lowest rate of Rs.2,930 per gram for the month was recorded between the 3rd and the 7th of the month despite weak dollar performance.
• Gold prices in Hisar improved from then on, hitting Rs.2,999 per gram on the 11th but fluctuating due to weak demand for the subsequent week.
• Rates reached a monthly high of Rs.3,017 per gram on the 28th as demand from local circles as buying intensified.

Gold Rate Trend in Hisar for September 2017:

• During September, price of gold in Hisar improved, thanks to positive cues worldwide.
• Gold rates in Hisar reached a monthly high of Rs.3,130 per gram as the North Korean administration confirmed rumours of its latest nuclear test.
• Prices consolidated towards the end of the month as the US greenback made a comeback.
• When the month ended, gold prices in Hisar were recorded at Rs.3,063 per gram.
• There was a 1.29% increase in price trends this month, which was the result of a weak US market.

Gold Rate Trend in Hisar for April 2017 to June 2017 (per gram of 24 karat gold)

Factor	April	May	June
1st day	Rs.2,991 per gram	Rs.3,011 per gram	Rs.3,012 per gram
Last day	Rs.3,011 per gram	Rs.2,992 per gram	Rs.2,992 per gram
Highest price	Rs.3,068 per gram on 15 April and 16 April	Rs.3,011 per gram on 1 May and 2 May	Rs.3,057 per gram on 7 June
Lowest price	Rs.2,983 per gram from 8 April to 10 April	Rs.2,918 per gram from 11 May to 15 May	Rs.2,982 per gram from 17 June to 22 June
Trend	Rise	Decline	Decline
Change	0.66%	-0.63%	-0.66%

Gold rate trend in Hisar for April 2017

• Gold prices in Hisar were on the increase at the start of April due to consistent industrial demand, trading at Rs.2,991 per gram on 1 April.
• Prices dipped marginally due to fluctuations in demand, trading at Rs.2,983 per gram on 9 April as local demand was muted.
• A declining U.S. dollar led to increased orders from overseas markets, which pushed prices to Rs.3,036 per gram on 12 April and further to Rs.3,068 per gram on 15 & 16 April.
• Markets were also sluggish due to poor data from the U.S. jobs market, as investors turned to bullion to recover from stock market losses.
• Prices remained high as the month progressed, with gold trading at Rs.3,062 per gram on 22 & 23 April.
• Demand began to stagnate as the month drew to a close, with gold prices falling to Rs,3,011 per gram from 26-30 April.
• In spite of the fall in price towards the end of the month, gold prices rose by 0.66% over the course of the month.

Gold rate trend in Hisar for May 2017

• Gold prices in May fell due to decreasing demand from overseas as well as local markets.
• Gold was priced at Rs.3,011 per gram on 1 May, with the price falling to Rs.2,942 per gram on 8 May as markets surged following the victory of Emmanuel Macron in the French presidential election.
• Prices continued to fall as the week progressed, trading at Rs.2,918 per gram from 11-15 May.
• A marginal rise in demand from China led to gold trading at Rs.2,992 per gram on 18 May as local markets also increased orders.
• Gold was priced at Rs.2,977 per gram from 21-25 May as demand was consistent due to a drop in the U.S. dollar rate.
• Geopolitical tensions and poor market performance led investors to gold, which kept prices stable.
• The month ended with gold trading at Rs.2,992 per gram on 31 May, though prices fell by 0.63% over the course of the month.

Gold rate trend in Hisar for June 2017

• Gold prices were on the ascent, trading at Rs.3,012 per gram on 1 June as the U.S. dollar weakened due to political turmoil and a slump in the markets.
• Prices rose to Rs.3,057 per gram on 7 June as local demand increased on positive global cues.
• As the markets settled, demand for gold slipped marginally, with the yellow metal trading at Rs.3,007 per gram from 10-15 June.
• The drop in price continued as overseas demand for gold fell sharply as the U.S. dollar recovered some of its value, with gold priced at Rs.2,982 per gram on 19 June.
• Prices fluctuated for the rest of the month as industrial and local demand was poor, leading to gold falling to Rs.2,982 per gram on 27 June.
• A late rally by the metal saw prices rise to Rs.2,992 per gram on 30 June, though the metal’s value fell by 0.66% over the course of the month.

Gold Rate Trend in Hisar 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	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 Hisar in January 2017:

• After a disappointing quarter in 2016, gold prices picked up over the first quarter of 2017.
• Gold prices in Hisar started at Rs.2,844 per gram on 1st January, which went up over the course of the month.
• As the month saw more cash flow into the economy and reduce the influences of demonetisation, gold prices seemed to pick up.
• The month was quite positive as rate seen on the 1st was the lowest for the entire month.
• On 24th, gold prices hit their highest for the month at Rs.2,979 per gram.
• The month saw gold rates incline at a rate of 4%.

Gold Rate Trend for Hisar in February 2017:

• February, though not as productive for gold rates in Hisar, saw gold price trends continue on a positive note.
• Gold was priced at Rs.2,978 per gram when the month began - a rate which began to climb as days progressed.
• However, gold prices fluctuated to hit their lowest within the first week when they hit Rs.2,957 per gram.
• Consequently, after that fall, gold prices never seemed to go down again and hit the highest for the month at Rs.3,031 per gram on 25th.
• The month saw gold prices incline at the rate of 1.41% in Hisar.

Gold Rate Trend for Hisar in March 2017:

• The last month of Q1 2017 saw gold prices drop as plenty of global factors brought the demand down.
• On 1st of March, gold was selling at Rs.3,009 per gram - which happened to be the highest gold rate for the month.
• Gold prices seemed to fluctuate considerably and hit the lowest rate on 15th when it was trading at Rs.2,950 per gram.
• However, rates picked up slightly to end the month on a high at Rs.2,991 per gram.
• Despite a resurgence toward the end of the month, gold price trends still went down by 0.59% in March.
• On an average, gold price trends inclined at the rate of 1.60% during the first quarter of 2017.

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. The prices of both 24 and 22 karat gold in Hisar are as follows

24 karat gold – with a purity of 99.9%, 24-karat gold is considered to be the purest form of gold one can buy and hence serves as a perfect avenue for investment. It can be sold at good prices and is always considered as a viable investment. The price of 1g of 24 karat gold is Rs 2996 as of 10^th March 2016. The price of gold had reduced drastically in 2015 and as such was a good time for buyers but the price has been on the rise since then and is expected to increase and cross Rs 3000 mark in the coming months of 2016.

22 karat gold – This form of gold has a lower purity content of 92% but is still favoured by many especially in the form of ornamental jewellery due to the purity content. Even though purity is 92% the impurities in this form of gold are usually metals and other minerals which lend the gold a malleable nature and hence it is easier to convert this type of gold into intricate ornamental jewellery. The price of 22 karat gold is Rs 2773 for 1 gram as of 10^th March 2016. The price of 22 karat gold had seen quite a drop in 2015 but like 24-karat gold this too is expected to rise in 2016

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

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