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Gold Price in Indore
Indore is the largest 2 tiered metropolitan city of Madhya Pradesh, India. It is also described as one of the commercial capitals of the state. Indore has a good investment environment and the infrastructure is developing rapidly and the standard of living is increasing and so is the educational standard.
Gold rate plays an important role for business and investment deals in Indore. Gold can be used as an asset to get loans from the banks as well. Indore’s population is at 2.161 million as of 2011, thus increasing the demand for gold in Indore.
Gold as an investment:
Gold can be bought in the form of jewelry, gold coins, gold bars and traded etc.
Jewelry - In Indian households, every person wears gold as a jewelry and they don’t look at it as a form of investment. They are purchased during major occasions such as wedding, festivals etc. But, gold jewelry is lower in value when reselling ornaments, considering making charges and wastage.
Gold Coins - This is the common form of owning gold as an investment. The rates are prices on its weight and a small premium based on its supply and demand.
Gold bars - They are the most traditional way of investing in gold. This can be traded in the international markets as well.
Gold Exchange Traded Fund - It is a type of mutual fund which invests in gold and the units of the mutual fund scheme is listed in the stock exchange. You need to open a demat account and trading account. A brokerage fee is charged for buying and selling the Gold ETFs.
Where can you Buy Gold from in Indore?
There are many dealers in Indore. Some of the major gold dealers are Rupali Jewellers, Bhayanti Jewels & Thewa Jewellery, Alankar Jewellers, Anand Jewellers, Tanishq Showroom, Orra Jewellery etc. The jewelers will offer gold in the form of ornaments, coins, bars and in other customized forms that customers require. Jewelers will take the old gold in exchange for new gold ornaments. You can also buy gold coins and bars from the bank, but they won’t buy it back from you.
Trend of Gold Rate in Indore for September 2017 (rates per gram for 24 karat gold)
|Parameters||Gold price (24 karat)|
|Gold rate on 1st September 2017||Rs.3,045 per gram|
|Gold rate on 30th September 017||Rs.3,127 per gram|
|Highest Rate in September||Rs.3,186 per gram on 9,10,11, 12 and September|
|Lowest Rate in September||Rs.3,045 per gram on 1 September|
|Overall Monthly Performance||Incline|
September 2017 - Week 1 (1st-10th)
- Gold started low at Rs.3,045 per gram on the 1st, when the week began in Nagpur. This was also the lowest recorded price during the entire month.
- Gold price in Indore rose to Rs.3,073 per gram on the 2nd due to increased demand from investors and jewellers.
- Prices remained untouched at Rs.3,073 per gram from the 3rd to the 8th, thanks to steady demand for the precious metal in local trade.
- Safe haven investments saw a significant rise as North Korea’s successful nuclear tests directly affected the US economy.
- This resulted in gold touching a monthly high figure of Rs.3,186 per gram on the 9th.
- The week ended on 10th with gold rates in in Indore was at Rs.3,186 per gram owing to positive global and domestic trade.
September 2017 - Week 2 (11th-17th)
- The second week opened with gold trading at Rs.3,186 per gram on the 11th.
- Steady demand for the precious metal from jewellers and retail customers resulted in gold prices staying static at Rs.3,186 per gram until the 13th.
- Demand for the metal gradually reduced after investors backed from making purchases due to steady high prices. This led to gold rates dropping to Rs.3,140 per gram on the 14th.
- Gold prices in Indore remained unchanged at Rs.3,140 per gram for the remainder of the week, thanks to steady domestic demand for the metal.
September 2017 - Week 3 (18th-24th)
- Gold opened at Rs.3,140 per gram on the 18th, when the week began. Due to steady demand from stockists and jewellers, prices remained the same on the next day as well.
- The rise of the US dollar resulted in subdued demand for the yellow metal, which in turn reduced prices to Rs.3,113 per gram on the 20th.
- Gold price in in Indore dropped further to Rs.3,107 per gram on the 21st before marginally rising to Rs.3,109 per gram on the 22nd.
- The rest of the week saw the precious metal trading at Rs.3,109 per gram with low but steady demand.
September 2017 - Week 4 (25th-30th)
- When the final week in Indore opened, gold continued trading at Rs.3,109 per gram on the 25th.
- However, gold rates in Indore surged to Rs.3,165 per kg on the 26th. The arrival of the festive season resulted in increased demand, consequently raising the prices.
- Gold trade took a hit on the 27th and prices dropped to Rs.3,148 per gram as the US economy began to recover.
- Gold rates in in Indore dropped to Rs.3,127 per gram on the 28th as demand for the metal from retailers and investors subsided.
- Prices remained untouched at Rs.3,127 per gram for the rest of the week, thanks to steady domestic trade.
Trend of Gold Rate in Indore for August 2017 (rates per gram for 24 karat gold)
|Parameters||Gold price (24 karat)|
|August 1 Rate||Rs.2,988 per gram|
|August 31 Rate||Rs.3,045 per gram|
|Highest Rate in August||Rs.3,045 per gram from 29-31 August|
|Lowest Rate in August||Rs.2,978 per gram on 8 August|
|Overall Monthly Performance||Incline|
August 2017 - Week 1 (1st-6th)
- The first week witnessed gold trade unfluctuating throughout the week.
- Gold traded at Rs.2,988 per gram on the 1st with domestic trade flourishing despite poor global cues.
- Regardless of the poor employment data released by the US, gold trade remained steady owing to an incline in demand in the Asian trade.
- Gold price in Indore remained at Rs.2,988 per gram for the entire week, thanks to promising purchases made by investors and jewellers.
August 2017 - Week 2 (7th-13th)
- The second week, however, saw a marginal decline in gold rate in Indore before going up again as the week progressed.
- The week began with gold priced at Rs.2,988 per gram on the 7th before it dropped to Rs.2,978 per gram on the 8th.
- However, gold rates in Indore went up again to Rs.2,988 per gram on the 9th and the 10th owing to favourable demand in the international market.
- Gold prices surged to Rs.3,044 per gram - an increase of Rs.46 per gram on the 11th, thanks to positive global as well as domestic demand.
- Gold remained priced at Rs.3,044 per gram for the rest of the week with investors and retailers making steady purchases to meet domestic demands.
August 2017 - Week 3 (14th-20th)
- Gold price in Indore went back and forth during the fourth week due to fluctuating global factors.
- Gold rate in Indore remained constant at Rs.3,044 per gram on the 14h and 15th as gold traded well in the market.
- On the 16th, gold rates fell significantly to Rs.30,010 per gram as demand in the domestic trade reduced.
- Prices remained the same for next two days owing to steady demand from retailers and jewellers.
- However, the 19th witnessed gold prices surge to Rs.3,038 per gram as industrial demand went up as the US dollar started to lose its value.
- The week ended with gold trading at Rs.3,038 per gram on the 20th following steady demand.
August 2017 - Week 4 (21st-27th)
- Gold trade took a slight hit with the US dollar strengthening but prices remained constant throughout the fourth week.
- Price of Gold in Indore was at Rs.3,028 per gram on the 21st as the week began.
- Regardless of the poor global cues, demand for the metal remained steady, thanks to purchases made by domestic traders and jewellers.
- The entire fourth week saw gold trading at Rs.3,028 per gram.
August 2017 - Week 5 (28th-31st)
- Demand for gold shot up during the last week with tensions rising between the US and North Korea coupled with the striking of Hurricane Harvey bringing down the US economy.
- The last week started off with the yellow metal trading at Rs.3,028 per gram on the 28th.
- Gold rate in Indore touched a monthly high figure of Rs.3,045 per gram on the 29th as demand for the metal elevated in the Asian trade.
- Gold price in Indore remained the same on the 30th and 31st at Rs.3,045 per gram due to steady demand in global as well as domestic markets.
|Parameters||Gold price (24 karat)|
|July 1st Rate||Rs.3,055 per gram|
|July 31st Rate||Rs.2,988 per gram|
|Highest Rate in July||Rs.3,055 per gram on 1 & 2 July|
|Lowest Rate in July||Rs.2,902 per gram on 10 July|
|Overall Monthly Performance||Decline|
July ‘17- Week 1 (1st to 9th)
- Demand for gold fluctuated in the first week of July as political uncertainty and volatile markets impacted demand.
- Gold opened the week at Rs.3,055 per gram on 1 July before prices dipped to Rs.2,991 per gram on 3 July due to a recovery by the U.S. dollar and plunging industrial demand.
- Gold price in Indore rose to Rs.3,004 per gram on 5 July as local demand was still muted after the recent imposition of the new tax regime.
- Prices remained constant for the remainder of the week as demand stabilised in spite of wildly fluctuating U.S. markets.
- A late rally by the markets led to a drop in demand for gold, as prices fell to Rs.2,981 per gram on 9 July.
July ‘17- Week 2 (10th to 16th)
- Gold price in Indore rose in the second week as the impact of the G20 summit held last week were absorbed by markets.
- The yellow metal traded at Rs.2,902 per gram on 10 July and rose to Rs.2,919 per gram on 11 July following a steady rise in demand from overseas industry.
- The U.S. economy was thrown into chaos as the possible repeal of Obamacare was announced, which led investors to safe-haven assets like bullion.
- Gold was priced at Rs.2,923 per gram on 13 July, with the price remaining constant for the remainder of the week.
July ‘17- Week 3 (17th to 23th)
- Volatile markets due to the escalating threat of aggression with North Korea led to an increase in demand for gold.
- Gold was priced at Rs.2,923 per gram on 17 July before prices rose to Rs.2,947 per gram from 18-21 July.
- Local demand also rose as consumers and jewellers grew accustomed to the new tax structure, as gold prices rose to Rs.2,988 per gram on 22 & 23 July.
July ‘17- Week 4 (24th to 31st)
- The last week of July did not see much change in the price of gold as demand was stable.
- Gold opened the week trading at Rs.2,988 per gram on 24 July and prices remained constant for the rest of the week.
- Local demand was consistent but muted as local markets were stable and the Rupee was steady against the U.S. dollar.
- In spite of demand rising towards the end of the month, gold rate in Indore still fell by 2.19% over the course of the month.
|Parameters||Gold price (24 karat)|
|June 1st Rate||Rs.3,046 per gram|
|June 30th Rate||Rs.3,055 per gram|
|Highest Rate in June||Rs.3,077 per gram on 7 & 8 June|
|Lowest Rate in June||Rs.3,033 per gram from 15-29 June|
|Overall Monthly Performance||Incline|
June ‘17- Week 1 (1st to 4th)
- Gold rates in the city of Indore were on the ascent in the first week of June as local demand propped up prices.
- The yellow metal was priced at Rs.3,046 per gram on 1 June with the price remaining the same the following day as markets opened slightly lower than anticipated.
- Prices rose to Rs.3,059 per gram on 3 June as local demand coupled with increased demand from overseas pushed prices higher.
- The week ended with gold trading at Rs.3,059 per gram on 4 June.
June ‘17- Week 2 (5th to 11th)
- Demand for gold increased in the second week due to a fall in the dollar rate as economic data released by the United States was less than favourable.
- Gold was priced at Rs.3,059 per gram on 5 June and rose to Rs.3,077 per gram on 7 June in response to the drop in the stock markets, as investors increased interest in the precious metal.
- Prices dropped marginally to trade at Rs.3,053 per gram on 9 June due to a fall in local demand.
- Gold price in Indore did not change in spite of minor fluctuations in demand, ending the week trading at Rs.3,053 per gram on 11 June.
June ‘17- Week 3 (12th to 18th)
- A decline in the price of gold was observed in the third week, though prices were more or less stable over the course of the week.
- Gold traded at Rs.3,053 per gram on 12 June, with the price reflecting no change from the previous week.
- Gold rate in Indore dropped to Rs.3,033 per gram on 15 June as demand for the metal began to fall following a market recovery, though the dollar continued to trade poorly against other global currencies.
- There was no change in rates as the week ended on 18 June, with gold prices staying steady at Rs.3,033 per gram.
June ‘17- Week 4 (19th to 25th)
- The fourth week saw gold prices remain static as demand was muted but enough to keep prices up.
- Gold was priced at Rs.3,033 per gram on 19 June and traded at the same rate for the rest of the week.
- Political tensions abated somewhat in the United States, though efforts to rehaul the healthcare system led to some concerns on the trading floor as markets fluctuated during the week.
June ‘17- Week 5 (26th to 30th)
- The last week of June saw gold continue to trade at a static Rs.3,003 per gram for most of the week.
- Domestic demand rose, which kept prices from dropping sharply as international demand for the yellow metal declined.
- Investor interest in bullion also waned as markets began to stabilise and the U.S. dollar bounced back after weeks of losses.
- Prices rose as the month drew to a close, with gold trading at Rs.3,053 per gram on 30 June.
- Gold as a commodity increased in value by 0.29% over the course of the month.
|May 1st Rate||Rs.3,061 per gram|
|May 31st Rate||Rs.3,046 per gram|
|Highest Rate in May||Rs.3,061 per gram on 1st & 2nd May|
|Lowest Rate in May||Rs.2,956 per gram from 11th-16th May|
May ’17 – Week 1 (1st – 7th)
- The price of gold in Indore in the first week of May fluctuated, though gold opened at Rs.3,061 per gram on 1st May.
- Prices fell to Rs.3,020 per gram on 3rd May in spite of steady demand from jewellers as well as high trading on the commodity exchanges, which led to domestic demand also dipping.
- Prices fell to Rs.2,996 per gram on 5th May as the price continued to slide as local demand stagnated, even as unstable markets led to higher demand for gold overseas.
- The week ended with gold trading at Rs.2,996 per gram on 7th May, with prices falling due to a dip in local demand.
May ’17 – Week 2 (8th – 14th)
- Prices fell further as the second week began, as markets recovered in the light of the victory of Emmanuel Macron in the French presidential elections.
- Gold was priced at Rs.2,977 per gram on 9th May as markets rallied in early trading, with the Euro and U.S. Dollar also capitalising on the victory.
- Demand for gold fell as import costs rose, with the precious metal falling to a monthly low of Rs.2,956 per gram on 11th May.
- Bullish stock markets and a weakening appetite for gold among industry also contributed to demand being low, as the week ended with gold trading at Rs.2,956 per gram on 14th May.
May ’17 – Week 3 (15th – 21st)
- The price of gold continued to trade lower than expected as the third week began, though prices slowly rose as investors renewed interest in the yellow metal.
- Gold was priced at Rs.2,956 per gram on 15th May but the price soon rose to Rs.3,017 per gram on 18th May as markets began to stabilise.
- The U.S. Dollar fell due to continued uncertainty over the country’s political woes, which led to markets also tumbling, giving a boost to gold prices, which held steady.
- Local demand also rose marginally on positive cues from overseas, though demand was still muted.
- The week ended with gold continuing to trade at Rs.3,017 per gram on 21st May as demand from jewellers kept prices steady in the wake of minor demand fluctuations overseas.
May ’17 – Week 4 (22nd – 28th)
- Prices held steady as the week began before rising on strong cues from the commodity markets.
- Gold was priced at Rs.3,017 per gram on 22nd May as fears of a closed monetary policy led by the U.S. Federal Reserve led to the dollar rate falling rapidly.
- Domestic demand for gold increased due to a spurt in demand by jewellers who sought to replenish stocks before the implementation of GST.
- Gold prices rose as the month drew to a close, trading at Rs.3,046 per gram on 30th May, though demand appeared to be slowing down on the domestic front.
- Gold ended the month trading at Rs.3,046 per gram, recording a drop in price of 0.49%, in contrast to prevailing trends across the country which recorded an marginal rise in price.
|April 1st Rate||Rs.3,011 per gram|
|April 30th Rate||Rs.3,061 per gram|
|Highest Rate in April||Rs.3,061 per gram on 29th and 30th April|
|Lowest Rate in April||Rs.3,011 per gram from 1st to 3rd|
April 2017 - Week 1 (1st - 9th):
- Indore was one of the few cities that saw gold rates remain at sub-Rs.3,000 levels for the entire month, which was brought about by a sudden influx of demand.
- On 1st, gold was priced at Rs.3,011 per gram - the lowest rate for the month.
- As demand sustained, gold rates didn’t change for the next two days, till the 3rd.
- But as conflicts in the middle east reached new levels, global gold trade went up significantly.
- This was due to the US involvement in Syria and Afghanistan, where it sent Tomahawk missiles in retaliation for the gas attacks.
- All the fighting proved fruitful for gold as rates went up to Rs.3,043 per gram on 4th.
- Due to there being very minor changes in demand, gold rates remained at Rs.3,043 per gram till the 9th.
April 2017 - Week 2 (10th - 16th):
- When the second week of April started, gold prices had gone down to Rs.3,025 per gram as conflicts seemed to settle down.
- Demand sustained for much of the week, which led to there being no change in the price of gold.
- From the 11th to the 16th, gold rates remained at Rs.3,025 per gram despite the fact that gold trade went up around the world.
- Domestic demand seemed to be on the downside as no major surges could be witnessed.
April 2017 - Week 3 (17th - 23rd):
- Due to local demand being at a low, gold trading in Indore couldn’t capitalise over geopolitical concerns.
- On 17th, when trading for week 3 began, gold was still priced at Rs.3,025 per gram - same as the last day of the previous week.
- For the next six days till the end of the week, gold rates remained unchanged.
- When the week came to an end, gold prices were holding at Rs.3,025 per gram.
April 2017 - Week 4 (24th - 30th):
- The last week of April saw gold price increase as domestic demand finally seemed to increase.
- On 24th, gold was still trading at Rs.3,025 per gram and went on at the same rate during the 25th as well.
- The 26th, however, saw gold prices increase to Rs.3,036 per gram as concerns over weakening US dollar rose.
- Also, this was the first time in over two weeks that gold prices increased.
- The 27th saw gold rates increase again, this time by Rs.12 to hit Rs.3,048 per gram as local jewellers and consumers began to take stock of the rising demand.
- On 29th, rates went up for the third time this week, to increase to Rs.3,061 per gram.
- The last day of April again saw gold prices remain the same at Rs.3,061 per gram as there was sustained demand for the metal.
- Indore saw gold price trends increase at the rate of 1.66% - one of the highest inclines for the month of April around the country.
|March 1st Rate||Rs.3,054 per gram|
|March 31st Rate||Rs.3,011 per gram|
|Highest Rate in March||Rs.3,054 per gram on 1st and 2nd March|
|Lowest Rate in March||Rs.2,968 per gram on 15th of March|
March ‘17 - Week 1 (1st to 5th)
- Trends witnessed in both domestic and international markets indicated an upward trend with respect to the rate of gold in Indore.
- The rate of gold in Indore on the 1st of March was Rs.3,054 per gram which was relatively low as compared to the previous month. This rate was steady until the next day. This was also the highest at which gold traded.
- However, due to fluctuating rates, the price of gold reduced slightly on the 3rd of March to trade at Rs.3,026 per gram.
- This rate was maintained until the end of the week due to steady but low demand for this precious metal.
March ‘17 - Week 2 (6th to 12th)
- On the first day of the second week of March, the gold rate in Indore was the same as that of the previous week.
- As the value of the dollar shot up, the rate of gold plunged to a weekly low of Rs.3.016 per gram on the 7th of March.
- However, on the next day, the rate of gold increased due to positive cues from both domestic as well as international markets to trade at Rs.3,045 per gram.
- This demand fell slightly the next day resulting in gold trading at Rs.3,030 per gram.
- Demand continued to plunge downwards due to a fall in the demand for this precious metal from jewellers resulting in gold rate plunging to Rs.3,005 per gram on 10th of March.
- This rate was maintained until the end of the second week of March.
March ’17- Week 3 (13th to 19th)
- Price of gold in Indore in the third week of March started off with the same rate as that of the end of the second week. Gold continued to trade at Rs.3,005 per gram until the 14th of March.
- Gold rate in Indore fell to Rs.2,968 per gram on the 15th of March which was also the lowest at which this precious metal traded at in Indore for the month of March.
- There was a recovery noted in the rate of gold the next day wherein this metal traded at Rs.3,012 per gram.
- This recovery could be attributed to increased demand for this metal.
- Gold was steady at Rs.3,012 per gram until the end of the week.
March ’17- Weeks 4 (20th to 26th)
- This precious metal continued to trade at Rs.3,012 per gram during the first three days of the third week of March.
- On the 23rd, a marginal rise was noted in gold rate wherein this traded at Rs.3,035 per gram
- There was no other change noted in the gold rate in Indore as the third week of March progressed. Gold continued to trade steadily at Rs.3,035 per gram until the end of the fourth week of March.
- This was also the highest at which gold traded at for the month of March in Indore.
March ’17- Weeks 5 (27th to 31st)
- The price of gold in Indore was steady at Rs.3035 per gram due to increased but stable demand for this precious metal from jewellers as well as markets in both India and abroad.
- However, this demand could not be sustained and on the last day of the month, the rate of gold plunged to Rs.3,011 per gram.
- A monthly decline of 1.40% was noted in the rate of gold during the month of March.
|February 1st Rate||Rs.2,985 per gram|
|February 28th Rate||Rs.3,054 per gram|
|Highest Rate in February||Rs.3,054 per gram from 24th to 28th February|
|Lowest Rate in February||Rs.2,985 per gram on 1st February|
February 2017 - Week 1 (1st to 5th):
- Gold prices in Indore started on a low but increased as the days progressed.
- Trends remained on the positive side for much of the week as the US dollar was undergoing a bit of a rough period due to US President Donald Trump’s policy decisions.
- Trading price on 1st was Rs.2,985 per gram, which also happened to be the lowest gold rate for the month.
- Prices increased to Rs.3,014 per gram - an increase of Rs.29 - on 2nd as there was a significant upturn in demand.
- Gold rates didn’t change for the rest of the week as the metal was still trading at Rs.3,014 per gram when the week ended.
February 2017 - Week 2 (6th to 12th):
- When week 2 began, there was still no change in prices as gold was still trading at Rs.3,014 per gram and remained there on the 7th as well.
- Gold rates in Indore increased by Rs.20 on 8th to reach Rs.3,034 per gram and maintained the same rate on 9th as well.
- However, the 10th saw prices dip significantly to hit Rs.3,013 per gram - a decrease of Rs.21 as domestic demand dropped.
- For the next couple of days till the end of the week, gold prices remained unchanged.
February 2017 - Week 3 (13th to 19th):
- Gold was trading at Rs.3,013 per gram when business day began on 13th.
- Prices remained unchanged till the 15th before seeing an increase of Rs.11 to reach Rs.3,024 per gram on 16th.
- The 17th saw prices increase again - this time Rs.10 - to reach Rs.3,034 per gram.
- Rates didn’t change over the next two days of the week as markets remained stable over the course of these days.
- The week ended with gold still trading at Rs.3,034 per gram - marking a weekly increase of Rs.21 per gram.
February 2017 - Week 4 and 5 (20th to 28th):
- The last 9 days of February didn’t see too much of a change in gold prices in Indore , except a surge on one of the days.
- When trading began on 20th, gold was still priced at Rs.3,034 per gram, which remained the same till the 23rd.
- On 24th, prices surged up by Rs.20 to for the metal to trade at Rs.3,054 per gram.
- Over the next four days, gold prices didn’t change much as it was still trading at Rs.3,054 per gram at the end of the week.
- The month of February saw gold price trends go up by 2.33% - which was due to US dollar strength fluctuating and the simultaneous increase in domestic demand for the yellow metal.
|January 1st Rate||Rs.2,884 per gram|
|January 31st Rate||Rs.2,985 per gram|
|Highest Rate in January||Rs.2,997 per gram from 16th to 27th January|
|Lowest Rate in January||Rs.2,884 per gram on 1st & 3rd January|
January 2017 - Week 1 (1st - 7th):
- In Indore, gold began with a trading price of Rs.2,884 per gram went down to Rs.2,872 per gram on 2nd, and went back to Rs.2,884 per gram on 3rd.
- The first week saw gold prices hit their lowest valuation, which was Rs.2,994 per gram.
- Prices increased on the 4th to hit Rs.2,895 per gram and then increased to Rs.2,908 per gram on 5th.
- There were no fluctuations in gold prices till the end of the week as the market was holding steady.
January 2017 - Week 2 (8th - 14th):
- When week 2 began in Indore on the 8th, gold prices were still holding on at Rs.2,908 per gram and remained the same on the 9th as well.
- On 10th, prices increased to Rs.2,938 per gram before trading at the same rate on the 11th as well.
- On 12th prices increased significantly for the yellow metal to trade at Rs.2,974 per gram and held on the same rate till the end of the week.
January 2017 - Week 3 (15th- 21st):
- There weren’t too many fluctuations to be seen over week 3 of January as prices remained largely the same on most of the days.
- The week began with gold trading at Rs.2,974 per gram.
- Prices increased to hit Rs.2,997 per gram - an increase of Rs.23 per gram.
- Rates remained largely the same till the end of the week on 21st as global trends didn’t change much.
January 2017 - Week 4 and 5 (22nd - 31st):
- When week 4 began on 22nd, gold prices were still holding on at Rs.2,997 per gram.
- Rates remained the same for much of the week till the 27th as the market didn’t see any change with regards to gold rates.
- On 28th, however, prices went down slightly to Rs.2,985 per gram as demand took a hit.
- Rates didn’t change when the month ended as it was still trading at Rs.2,985 per gram.
- Overall, Indore saw gold prices increase by 3.50% for the month of January.
Gold Price Trend in Indore
The gold rate as on 15th June 2015 was Rs.2,535 for 1 gram of 22 karat gold and for 1 gram of 24 carat gold was Rs.2,718. The gold rate was the highest on 13th June 2015 at Rs.2,720 per gram. On April 1st 2015 the gold rate was high at Rs.2,622 for 24 karat 1 gram gold.
Gold is a preferred investment and it has always come to rescue as an earning asset. India has been the largest buyer of gold since forever. Paper money might lose its purchasing power due to inflation but gold never actually loses its value. What changes is the value of the paper currency. Gold never sees drastic depreciation in value, even if prices fluctuate in the short or medium term. It is considered a safe and secure form of investment.
- Also Check:Gold Rate in Madhya Pradesh
Also Check Gold Price in NearBy Cities of Indore
|Gold Rate In Ratlam||Gold Rate In Jabalpur||Gold Rate In Bhopal|
|Gold Rate In Nagpur||Gold Rate In Vadodara||Gold Rate In Raipur|
|Also Know: Silver Rate in Indore|
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