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  • Gold Rate In Hosur

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    07 Dec 2016 ₹ 2,738 ₹ 21,904 ₹ 2,894 ₹ 23,152
    06 Dec 2016 ₹ 2,713 ₹ 21,704 ₹ 2,869 ₹ 22,952
    05 Dec 2016 ₹ 2,735 ₹ 21,880 ₹ 2,893 ₹ 23,144
    04 Dec 2016 ₹ 2,762 ₹ 22,096 ₹ 2,890 ₹ 23,120
    02 Dec 2016 ₹ 2,767 ₹ 22,136 ₹ 2,895 ₹ 23,160
    01 Dec 2016 ₹ 2,765 ₹ 22,120 ₹ 2,893 ₹ 23,144
    30 Nov 2016 ₹ 2,811 ₹ 22,488 ₹ 2,942 ₹ 23,536
    29 Nov 2016 ₹ 2,815 ₹ 22,520 ₹ 2,946 ₹ 23,568
    28 Nov 2016 ₹ 2,820 ₹ 22,560 ₹ 2,951 ₹ 23,608
    27 Nov 2016 ₹ 2,805 ₹ 22,440 ₹ 2,936 ₹ 23,488

    *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.

    The modern day Hosur, located in Tamil Nadu is a satellite town of Bangalore, though it falls under the legalities and jurisdiction of Tamil Nadu. Hosur houses many industrial complexes and SEZs for industrial companies. Though from a birds-eye-view it might seem that Hosur is not a very prospering region, looks often belie the fact that the region is quite prosperous and residents invest in gold quite frequently. Industrial activity and a good pay scale in these areas has contributed to a healthy consumption of gold in Hosur while the rates of gold are more or less in tune with the international markets. Hosur being primarily an industrial town, festivities being observed are far and few between, so the gold that is actually invested in Hosur accounts mostly through investment. That in no way may signify that the consumption of gold in the form of jewellery is ignored.

    Gold price in Hosur

    The 24 karat variant of gold that is regarded as the purest variety is also the softest variant of the precious metal and in its own weight, isn’t worth for crafting jewellery. The primary reason being that it is too soft for daily use. 24 karat gold is normally used in conjunction with other metals such as copper, platinum, bronze and others to produce different shades of gold that have some amount of weight and durability required in jewellery. 22 karat gold is also a variant that is used for jewellery and for plating conducting metals used in electronics. 18 karat and 14 karat gold are lesser used variants, finding their applications in mostly commercial uses though usability in jewellery is not unheard of. International market trends, import duties and various government cess affect the rates of gold in Hosur, along with the economic law of supply and demand. The difference in the international rates and the local rates in Hosur stays more or less marginal though.

    24 karat gold

    24 karat gold in all its purity, as told above, is unsuitable for jewellery. However this purity becomes an advantage when it comes to investing in gold. In March 10, 2010, 24 karat gold weighing a gram had a list price of INR 2968. This price is in accordance with the international rates and the duties and taxes added. Any physical form of this 24 karat gold, like coins and bars will cost marginally higher per gram. That marginal cost mostly includes making charges and minting costs. After a 5 year low in the rates of gold in 2015, the beginning of 2016 started off with gold rates stabilising and going back up to their former stature. There has been an increase of around INR 400 for the cost of one gram of 24 karat gold since January 2016 and post the hiatus of the US Federal Reserve taxation, it is expected gold rates will continue to climb. August 2015 saw the lowest price of gold at INR 2510 for one gram of 24 karat purity.

    22 karat gold

    With a 92% purity, 22 karat gold is preferred by people who want to invest in gold but do not find the 24 karat gold within their specific economic means. 22 karat gold is more affordable than the 24 karat variant because of the lesser purity and it also involves lesser fractioning in alloys when used in jewellery. One gram of 22 karat gold had a rate of INR 2760 per gram in Hosur as of March 10, 2016. Being the lesser sibling of 24 karat gold, 22 karat gold also faced the same falling rates in 2015. In August 2015 a gram of 22 karat gold was trading at INR 2350 per gram and subsequently, in January 2016, this variant of gold appreciated to INR 2374 per gram.

    Gold Rate Trend in Hosur for July 2016 to September 2016 (per gram of 24 karat gold)

    Factor July August September
    1st day Rs.3,130 per gram Rs.3,201 per gram Rs.3,184 per gram
    Last day Rs.3,214 per gram Rs.3,142 per gram Rs.3,176 per gram
    Highest price Rs.3,214 per gram on 30th and 31st July Rs.3,210 per gram on 5th August Rs.3,197 per gram on 8th September
    Lowest price Rs.3,119 per gram on the 19th and 25th of July Rs.3,142 per gram on the 31st August Rs.3,120 per gram on 1st September
    Trend Incline Decline Decline
    Change +2.68% -1.84% -0.25%

    Gold Rate Trend of Hosur in July 2016

    • Gold traded at Rs.3,130 per gram on the 1st of July and increased consistently until the 4th after which they began fluctuating.
    • Prices were hardly stable over the course of the month, but the fluctuations led to the rate of gold falling to Rs.3,119 per gram on the 19th.
    • Fluctuations continued until the end of the month, and the precious metal closed July at Rs.3,214 per gram.
    • The overall increase in price over the course of the month was 2.68%.

    Gold Rate Trend of Hosur in August 2016

    • The rate of gold per gram on the 1stt of August was recorded at Rs.3,201.
    • Prices fluctuated over the course of the month, with stability being achieved only on few days.
    • The highest recorded rate of gold in the month of August was on the 5th when they soared to Rs.3,210 per gram.
    • The lowest recorded rate during the month was on the last day of trading, when they touched Rs.3,142 per gram.
    • The overall decline in prices between the first and last day of August was 1.84%.

    Gold Rate Trend of Hosur in September 2016

    • Gold traded at Rs.3,120 per gram on 1st September, after which they continued to increase consistently until the 8th when they hit Rs.3,195 per gram – the highest recorded rate in the month.
    • Prices then fluctuated for a few days after which they began declining gradually until the 18th
    • A minor decline on the 15th then saw prices settle at Rs.3,135 until the 18th.
    • Consistent increases were recorded between the 20th and 25th of September after which prices decreased gradually until the 28th.
    • Gold closed the month trading at Rs.3,176 per gram and the overall decline in prices between the first and last day of the month was a mere 0.25%. 

    Gold Rate Trend in Hosur for April 2016 to June 2016 (per gram of 24 karat gold)

    April May June
    1st day Rs. 2, 989 per gram Rs. 3,154 per gram Rs.2,934 per gram
    Last day Rs. 3, 154 per gram Rs. 3, 018 per gram Rs.3,105 per gram
    Highest price Rs. 3, 154 per gram on 30th April, 2016 Rs. 3, 155 per gram from 8th- 11th May, 2016 Rs.3,180 per gram on 27th June
    Lowest price Rs. 2, 989 per gram from 1st-11th April, 2016 Rs. 3, 003 per gram on 30th May, 2016 Rs.2,916 per gram on 3rd June
    Trend Prices rose Prices fell Rise
    Change +5.52% increase -4.31% decrease +5.82%

    Gold Rate Trend in Hosur in April 2016

    • The price of gold stayed at Rs. 2, 989 due to the ongoing jewellers’ strike.
    • With the strike being called off, demand for gold slowly increased, driving up the price marginally.
    • International markets began to show signs of a slump in prices as the US Fed indicated a hike in interest rates as soon as June, leading to the Dollar gaining value and pushing gold prices down.
    • Gold fell by a significant margin but rallied to close at Rs. 3, 154.

    Gold Rate Trend in Hosur in May 2016

    • Concerns regarding the impending rate hike plagued the gold market as currencies strengthened internationally.
    • Gold prices fell from their earlier high of Rs. 3, 154.
    • The Rupee began to strengthen on positive currency data from the US, further weakening the gold price.
    • Gold reached a low of Rs. 3, 003 but rallied to close out the month at Rs. 3, 018, resulting in a drop of 4.31% of its value over the month.
    • Prices recovered marginally, closing at Rs. 2, 960, a decline of 5.09%.

    Gold Rate Trend of Hosur in June 2016

    • There were a number of minor fluctuations noted in the price of gold as the month progressed.
    • An increase of 5.82% was seen in gold rate towards the end of the month as compared to the beginning.
    • Although there was an increase in the price of gold due to economic uncertainty, demand was also quite high.
    • The highest rate of gold during the month was seen on the 27th of June at Rs.3,180 per gram.

    Gold Rate Trend in Hosur for January 2016 to March 2016 (per gram of 24 karat gold)

    Jan Feb March
    1st day Rs. 2, 601 per gram Rs. 2, 775 per gram Rs. 3, 068 per gram
    Last day Rs. 2, 775 per gram Rs. 3, 068 per gram Rs. 2, 989 per gram
    Highest price Rs. 2, 789 per gram on 27th and 28th Jan, 2016 Rs. 3, 068 per gram from 27th -29th Feb, 2016 Rs. 3, 093 per gram from 12thst- 17th March, 2016
    Lowest price Rs. 2,601 per gram from 1st- 3rd Jan, 2016 Rs. 2, 775 per gram on 1st and 2nd Feb, 2016 Rs. 2, 989 per gram from 22nd -31st March, 2016
    Trend Prices rose Prices rose Prices fell
    Change +6.68% increase +10.55% increase -2.57% decrease

    Gold Rate Trend in Hosur in January 2016

    • The price of gold was Rs. 2,601 at the start of January, 2016.
    • With the wedding season resulting in high demand by jewellers, prices rose.
    • High demand from domestic markets and a strong rally internationally kept prices steady.
    • The price rose in the last week of the month, resulting in gold gaining 6.68%.

    Gold Rate Trend in Hosur in February 2016

    • Jewellers continued to push up prices due to high demand during the wedding season.
    • International prices rose on the back of a weak Dollar and volatile market scenario.
    • Gold opened at Rs. 2, 775 for the month and prices rose marginally throughout the month.
    • Strong demand by jewellers led to gold opening at Rs. 2, 756 in February.
    • The price stayed high due to constant demand from domestic and international markets.
    • Prices dipped on low demand for a short period but rallied to close at Rs.3, 068, an increase of 10.5%.

    Gold Rate Trend in Hosur in March 2016

    • The price of gold was at a high of Rs. 3, 068 at the start of the month, continuing the trend of high demand from both international and domestic markets.
    • Protesting against a government taxation policy, jewellers across the country went on an indefinite strike.
    • The strike affected demand as jewellers completely halted production.
    • The price remained constant due to lack of demand.
    • Prices fell towards the end of the month due to poor demand, coupled with a slump in international gold prices.
    • Gold prices closed at Rs. 2, 989, a fall of 2.57%.

    Investment in Gold in Hosur

    Of late, a government introduced gold scheme has intentions of monetising gold and the same is available through major and minor banks alike across the nation. Even then, people have not stopped buying gold in Hosur. Popular options for investing in gold in Hosur can include the traditional method of buying jewellery and ornaments and also the more modern method of investing in paper gold. The frequent methods for doing so are mentioned below.

    Commercial and Personal Gold

    Commercial and personal gold can include coins, gold purchased for industrial purposes and jewellery. Herein, the value of physical gold is placed on a pedestal and this is the form of gold that is most accepted in India and, so to speak, in Hosur.

    Gold through Market Trade

    Gold in its physical form might not present a very feasible option for many people. For that specific reason, gold ETFs and bonds are available online with most banks in Hosur. Apart from that, people can also trade in gold on the National Stock Exchange, but that would require a considerable amount of funds.

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