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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.
Gold Rate Trend in Hisar for January 2018 to March 2018 (per gram of 24 karat gold)
Rs.3,010 per gram
Rs.3,077 per gram
Rs.3,113 per gram
Rs.3,066 per gram
Rs.3,129 per gram
Rs.3,134 per gram
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
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
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)
|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|
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)
|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|
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)
|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|
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)
|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|
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.
|1st day||Rs.3,205 per gram||Rs.3,099 per gram||Rs.2,893 per gram|
|Last day||Rs.3,099 per gram||Rs.2,941 per gram||Rs.2,844 per gram|
|Highest price||Rs.3,205 per gram from 1st-4th October||Rs.3,213 per gram on 5th & 6th November||Rs.2,893 per gram on 1st & 2nd December|
|Lowest price||Rs.3,088 per gram from 6th-25th October||Rs.2,929 per gram from 25th-27th November||Rs.2,800 per gram from 23rd-28th December|
Gold Rate Trend for Hisar in October 2016
- Gold traded at Rs.3,205 per gram in Hisar at the start of October, as consistent demand from the industrial sector kept prices stable.
- A drop in demand due to the rising U.S. Dollar was observed in the second week, with domestic demand also low as fears of greater scrutiny of bullion purchases kept investors away.
- Global markets rallied on positive economic data from the U.S., which led to a decline in demand for gold.
- Prices were stagnant as demand was muted, though the end of the month saw a rise in price as uncertainty over the results of the U.S. elections led to markets dropping and gold demand rising.
- Gold traded at Rs.3,099 per gram on 31st October, recording a loss of 3.30% during the month.
Gold Rate Trend for Hisar in November 2016
- Gold prices rose in the first week due to market volatility as the U.S. election results led to a crash.
- Gold traded at Rs.3,099 per gram, with the price rising marginally during the week as markets recorded a significant drop on news that Donald Trump had secured the U.S. Presidency.
- The withdrawal of large denomination currency notes from the Indian market led to panic across the country, as investors rushed to invest in gold, further boosting the price.
- As U.S. markets stabilised, a currency shortage led to reduced demand for gold in India, which resulted in a decline in demand and price.
Gold Rate Trend for Hisar in December 2016
- There was no improvement in the price of gold in December, as demand continued to be low due to stable markets and a strong U.S. Dollar.
- Gold traded at Rs.2,893 per gram on 1st December, which was the highest price for the month.
- Festive shopping boosted global economies, as well as the possibility of a U.S. Fed rate hike, which led to a decline in demand for gold.
- The ongoing currency shortage and scrutiny of bullion purchases in the wake of demonetisation led to lowered demand from the retail sector.
- Prices fell to Rs.2,800 per gram during the Christmas week as interest in bullion was markedly low.
- As a rate hike seemed unlikely, there was a drop in the U.S. Dollar, which led to a slight increase in industrial demand for gold.
- Gold traded at Rs.2,844 per gram at the end of the year, registering a marginal decrease in price.
|1st day||Rs.2,965 per gram||Rs.3,219 per gram||Rs.3,184 per gram|
|Last day||Rs.3,010 per gram||Rs.3,205 per gram||Rs.3,217 per gram|
|Highest price||Rs.3,020 per gram from 7th to 12th July||Rs.3,248 per gram on 5th August, and on 10th August||Rs.3,228 per gram from 7th to 12th September|
|Lowest price||Rs.2,960 per gram on 22nd July||Rs.3,205 per gram from 26th to 31st of August||Rs.3,184 per gram on 1st and 2nd September|
Gold Rate Trend of Hisar in July 2016
- Gold traded at Rs.2,965 per gram on 1st July.
- Demand was high in domestic and global markets.
- The highest price of gold recorded in the month of July was between the 7th and 12th of July, trading at Rs.3,020 per gram.
- Gold prices remained consistent for large parts of the month, barring marginal inclines and declines along the way.
- A poor performance from the dollar towards the end of the month meant that prices increased gradually until the last day of July.
- The month closed with gold trading at Rs.3,010 per gram on 31st July.
Gold Rate Trend of Hisar in August 2016
- The rate of gold per gram on the 1st of August was recorded at Rs.3,219.
- A constant trend swept over gold rates till 9th August.
- Domestic demand was stable as jewellers and retailers increased their offtake for the festive season.
- Gold rates increased marginally on the 4th following consistency for three days, and then gained stability for a week before fluctuating for a few days.
- Gold prices remained stable between the 16th and 24th at Rs.3,030, as prices were stable for majority of the month.
- Gold prices remained unchanged between the 26th and 31st of August at Rs.3,000.
- The highest rate in the month of August was recorded Rs.3,248 per gram on 5th August, and on 10th August.
- The lowest rate was Rs.3,205 per gram from 26th to 31st of August.
Gold Rate Trend of Hisar in September 2016
- Gold traded at Rs.2,980 per gram on 1st and 2nd September, which was the lowest rate for this month.
- The highlight for this month was that the interest rate hike by the U.S. Federal Reserve was put on hold as the U.S. presidential elections were too close.
- Prices rose gradually over the next two weeks and the highest rate was recorded at Rs.3,228 per gram from 7th to 12th September.
- Although a decline in prices was recorded on three days between the 13th and 21st of the month, gold gained its safe-haven appeal back and investors increased their appetite for gold as prices continued rising until the 28th.
- The overall increases in prices over the course of the month was just over 1%.
|1st day||Rs. 2, 943 per gram||Rs. 3, 119 per gram||Rs.2,960|
|Last day||Rs. 3, 119 per gram||Rs. 2, 960 per gram||Rs.3,167|
|Highest price||Rs. 3, 119 per gram on 30th April, 2016||Rs. 3, 120 per gram from 7th-9th May, 2016||Rs.3,182 per gram on 28th to 29th June|
|Lowest price||Rs. 2, 943 per gram from 1st-4th April, 2016||Rs. 2, 960 per gram from 28th-31st May, 2016||Rs.2950 per gram on 2nd to 5th June|
|Trend||Prices rose marginally||Prices fell||Rise|
|Change||+5.98% increase||- 5.09% decrease||+6.99%|
Gold Rate Trend in Hisar in April 2016
- Gold traded at Rs. 2, 943, a marginal increase from the previous month.
- The jeweller’s strike was called off, leading to an upsurge in demand and a rise in the rate.
- Lowered demand internationally as the currency markets stabilised led to a drop in prices.
- Gold recovered in the last week, trading at Rs. 3, 119, an increase of 5.98% over the month.
Gold Rate Trend in Hisar in May 2016
- Gold traded at Rs. 3, 119, continuing its good run from the past month.
- Internationally, gold rates fell as speculation regarding the US Federal Reserve raising interest rates gained momentum.
- Prices stabilised as domestic demand continued to bolster prices in spite of a declining trend across global markets.
- The strengthening currency markets coupled with good trade figures in the US pushed gold prices down internationally, which led to a drop in domestic prices.
- Prices recovered marginally, closing at Rs. 2, 960, a decline of 5.09%.
Gold Rate Trend of Hisar in June 2016
- Gold traded at Rs.2,960 at the beginning of the month as gold took a hit in the global gold market.
- With the Brexit polls in play, gold continued to trade at low prices till mid-June.
- As markets recovered, gold rates soared to Rs.3,182 per gram on 28th to 29th June, ending the month on a high note.
|1st day||Rs. 2, 585 per gram||Rs. 2, 756 per gram||Rs. 3, 030 per gram|
|Last day||Rs. 2, 756 per gram||Rs. 3, 037 per gram||Rs. 2, 948 per gram|
|Highest price||Rs. 2, 772 per gram on 28th Jan, 2016||Rs. 3, 049 per gram on 26th Feb, 2016||Rs. 3, 030 per gram from 1st- 14th March, 2016|
|Lowest price||Rs. 2,580 per gram from 2nd- 4th Jan, 2016||Rs. 2, 756 per gram on 1st Feb, 2016||Rs. 2, 940 per gram from 15th-17th March, 2016|
|Trend||Prices rose||Prices rose||Prices fell|
|Change||+6.61% increase||+10.19% increase||-2.70% decrease|
Gold Rate Trend in Hisar in January 2016
- The price of gold was Rs. 2, 585 for a gram on January 1st, 2016.
- The prices increased marginally in the second week, on the back of strong demand in the domestic market by jewellers.
- Demand was further bolstered by wedding season demand, taking the price higher.
- A slight decline in demand in the last week saw prices fall before closing at Rs. 2, 756 for one gram.
Gold Rate Trend in Hisar in February 2016
- Strong demand by jewellers led to gold opening at Rs. 2, 756 in February.
- Gold maintained its rate thanks to a boost in demand internationally.
- Prices increased as demand increased due to an especially volatile market and low US Dollar.
- The rate lowered as the Rupee made gains, closing at Rs. 3. 037 for a gram, an increase of 10%.
Gold Rate Trend in Hisar in March 2016
- Gold made a strong start, trading at Rs. 3, 030.
- A month- long strike by jewellers led to a sharp drop in demand nationally.
- Prices remained constant due to the ongoing strike.
- The last week saw a drop in prices as the strike continued, further lowering the price to Rs. 2, 948 per gram.
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 10th 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 10th 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
- Also Check: Gold Rate in Haryana
Also Check Gold Price in NearBy Cities of Hisar
|Gold Rate In Chandigarh||Gold Rate In Gurgaon||Gold Rate In Faridabad|
|Gold Rate In Ambala||Gold Rate In Karnal||Gold Rate In Delhi|
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