Gold Rate in Indore

  • Today's Gold Rate in Indore ( 21 Sep 2019 )
    ₹ 3,650
    Today's Gold Rate (22K) per gram
    Compare Gold Rate In Indore (Today & Yesterday)
    Today
    (21 Sep 2019)
    Yesterday
    (20 Sep 2019)
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 3,650 ₹ 3,650 ₹ 0 ↑
    Standard Gold (22 K) ( 8 grams ) ₹ 29,200 ₹ 29,200 ₹ 0 ↑
    Pure Gold (24 K) ( 1 gram ) ₹ 3,833 ₹ 3,833 ₹ 0 ↑
    Pure Gold (24 K) ( 8 grams ) ₹ 30,664 ₹ 30,664 ₹ 0 ↑
    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    21 Sep 2019 ₹ 3,650 ₹ 29,200 ₹ 3,833 ₹ 30,664
    20 Sep 2019 ₹ 3,650 ₹ 29,200 ₹ 3,833 ₹ 30,664
    19 Sep 2019 ₹ 3,680 ₹ 29,440 ₹ 3,864 ₹ 30,912
    18 Sep 2019 ₹ 3,680 ₹ 29,440 ₹ 3,864 ₹ 30,912
    17 Sep 2019 ₹ 3,680 ₹ 29,440 ₹ 3,864 ₹ 30,912
    16 Sep 2019 ₹ 3,650 ₹ 29,200 ₹ 3,833 ₹ 30,664
    15 Sep 2019 ₹ 3,650 ₹ 29,200 ₹ 3,833 ₹ 30,664
    14 Sep 2019 ₹ 3,660 ₹ 29,280 ₹ 3,843 ₹ 30,744
    13 Sep 2019 ₹ 3,680 ₹ 29,440 ₹ 3,864 ₹ 30,912
    12 Sep 2019 ₹ 3,730 ₹ 29,840 ₹ 3,917 ₹ 31,336

    Weekly & Monthly Graph of Gold Rate in Indore

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    *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.

    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.

    Trend of Gold Rate in Indore for August 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    August 1 Rate Rs.3,575 per gram
    August 31 Rate Rs.3,953 per gram
    Highest Rate in August Rs.4,010 per gram on 27 August
    Lowest Rate in August Rs.3,575 per gram on 1 August
    Overall Performance Incline
    Percentage Change 10.06%

    Trend of Gold Rate in Indore for July 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    July 1 Rate Rs.3,486 per gram
    July 31 Rate Rs.3,575 per gram
    Highest Rate in July Rs.3,607 per gram from 25-27 July
    Lowest Rate in July Rs.3,434 per gram on 1 and 2 July
    Overall Performance Incline
    Percentage Change 2.37%

    Trend of Gold Rate in Indore for June 2019 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    June 1 Rate Rs.3,255 per gram
    June 30 Rate Rs.3,486 per gram
    Highest Rate in June Rs.3,533 per gram on 26 and 27 June
    Lowest Rate in June Rs.3,140 per gram on 1 June
    Overall Performance Incline
    Percentage Change 7.09%

    Gold Rate Trend in Indore in June 2019:

    • Gold opened at Rs.3,255 per gram on 1 June and prices steadily increased over the course of the week due to trade tensions between the United States and China.
    • Prices for the yellow metal nearly reached a three-month high in the first week of June, however, the gain that INR saw against USD, helped soften the blow for Indians looking to buy gold jewellery.
    • Gold prices peaked on 26 and 27 June by closing at a monthly high of Rs.3,533 per gram. An increase that resulted from signals of a Federal rate cut – a move that was aimed at handling domestic and global economic risks.
    • Towards the end of the last week of June, however, China and the United States decided to restart trade talks. This led to gold prices falling. As a result, gold closed at Rs.3,486 per gram at the end of the month (30 June).

    Trend of Gold Rate in Indore for May 2019 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    May 1 Rate Rs.3,281 per gram
    May 31 Rate Rs.3,255 per gram
    Highest Rate in May Rs.3,318 per gram from 16-18 May
    Lowest Rate in May Rs.3,245 per gram from 25-27 May
    Overall Performance Decline
    Percentage Change -0.79%

    Gold Rate in Indore in May 2019:

    • Gold prices in Indore at the beginning of May stood at Rs.3,281 per gram. However, owing to weak local demand and an increase in the dollar price the gold price dropped to Rs.3,229 on May 7.
    • The precious metal reached the highest rate of Rs.3,318 per gram from May 16 to May 18. The hike in the price was mainly due to a rise in equities as well as ongoing trade talks between the United States and China.
    • The gold price was lowest towards the end of the month and hit Rs.3,245 per gram in the period of May 25 to May 27. The price decrease was attributed to a higher demand of the U.S. dollar and a weak investment demand for gold.
    • By the end of May, the price of the yellow metal stood at Rs.3,255 per gram. The price showed signs of increase owing to expectations of cuts in U.S. interest rates thanks to the inflation data for the first quarter.

    Trend of Gold Rate in Indore for April 2019 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    April 1 Rate Rs.3,266 per gram
    April 30 Rate Rs.3,297 per gram
    Highest Rate in April Rs.3,297 per gram on 28-30 April
    Lowest Rate in April Rs.3,245 per gram from 20-22 April
    Overall Performance Incline
    Percentage Change 0.94%

    Trend of Gold Rate in Indore for March 2019 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    March 1 Rate Rs.3,439 per gram
    March 31 Rate Rs.3,266 per gram
    Highest rate in March Rs.3,439 per gram on 1 March
    Lowest rate in March Rs.3,281 per gram on 22 March
    Overall Performance Decline
    Percentage Change -5.03%

    Gold rate trend in Indore for March 2019:

    • The month started at a low as the gold rate in Indore declined from last month as the dollar increased in value. During the same time, equities declined in value as well. The price of gold at the start of March was recorded at Rs.3,439 per gram. This was also the highest price that the yellow metal stood at for the month.
    • At the end of the first week of the month, the Euro surpassed the dollar after the ECB (European Central Bank) postponed their interest hike. This stunted potential gain for bullion propelled by darkened economic situations.
    • On 22nd March, the value of gold dipped to one of its lowest points as the dollar strengthened and poor economic conditions prevailed. AT this point, gold in Indore was trading at Rs.3,281 per gram.
    • The month ended with gold being priced at its lowest when it was priced at Rs.3,266 per gram. The month recorded a declining trend for the month and the percentage decline was recorded at –5.03%.

    Trend of Gold Rate in Indore for February 2019 (rates per gram for 24 karat gold)

    Parameters Gold price (24 Carat)
    February 1 Rate Rs.3,411 per gram
    February 28 Rate Rs.3,439 per gram
    Highest rate in February Rs.3,446 per gram from 20-27 February
    Lowest rate in February Rs.3,398 per gram from 8-19 February
    Overall Performance Incline
    Percentage Change 0.82%

    Gold Rate Trend in Indore for February 2019:

    • A volatile U.S. dollar rate and unsteady markets impacted gold prices in Indore and capped gains, despite the metal opening at a stable Rs.3,411 per gram on 1 February.
    • Steady local demand and a weak dollar led to a rise in bullion offtake as gold climbed to Rs.3,425 per gram on 6 February but waning interest from investors saw prices drop to Rs.3,398 per gram from 8-18 February.
    • The possibility of a resolution to the Sino-U.S. trade crisis boosted demand for bullion among investors and galvanized markets as the precious metal traded at Rs.3,446 per gram on 20 February.
    • A more hawkish tone from the Federal Reserve on monetary policy raised the dollar rate and resulted in investors switching to equities over bullion as gold prices dipped to Rs.3,429 per gram on 28 February, posting a monthly rise in value of 0.82%.

    Trend of Gold Rate in Indore for January 2019 (rates per gram for 24 karat gold)

    Parameters Gold Price (24 karat)
    January 1 Rate Rs.3,219 per gram
    January 31 Rate Rs.3,411 per gram
    Highest Rate in January Rs.3,411 per gram on 31 January
    Lowest Rate in January Rs.3,219 per gram on 1 - 3 January
    Overall Monthly Performance Incline
    Percentage Change 5.96%

    Gold Rate Trend in Indore for January 2019

    • Gold rates in Indore saw a steady rise after trading at Rs.3,219 per gram on 1 January as market instability and a weak dollar led to an increase in local offtake.
    • Prices jumped to Rs.3,284 per gram on 4 January and remained steady for a considerable period on rising demand from retailers and jewellers due to the wedding season.
    • Global interest in gold was also high as investors increased offtake due to uncertainty over economic slowdown fears and the ongoing U.S.-China trade dispute impact.
    • The constitutional crisis in Venezuela capped a period of market volatility as interest in gold surged, taking the metal from Rs.3,331 per gram on 29 January to Rs.3,411 per gram on 31 January.

    Trend of Gold Rate in Indore for December 2018 (rates per gram for 24 karat gold)

    Parameters Gold Price (24 karat)
    December 1 Rate Rs.3,131 per gram
    December 31 Rate Rs.3,219 per gram
    Highest Rate in December Rs.3,234 per gram from 11-17 December
    Lowest Rate in December Rs.3,127 per gram on 2 and 3 December
    Overall Monthly Performance Incline
    Percentage Change 2.81%

    Gold Rate Trend in Indore for December 2018:

    • Indore gold trade for the month of December saw the metal take some significant steps to rise constantly. On the 1st of December, gold was priced at Rs.3,131 per gram before falling to a monthly low of Rs.3,127 per gram over the 2nd and the 3rd of the month.
    • Rates were on the surge from the fourth onwards as markets were unstable and the US dollar was also week. Adding to this was the woeful performance of the India rupee, which was still recovering from its worst ever hit against the dollar.
    • From the 11th to the 17th, gold price in Indore were holding at Rs.3,234 per gram, which as it turned out was the highest gold rate for the entire month.
    • When the month drew to a close, gold price in Indore was at Rs.3,219 per gram and a 2.81% surge in price trends was recorded over the 31-day trading session.

    Trend of Gold Rate in Indore for November 2018 (rates per gram)

    Parameters Gold price (24 carat)
    November 1 Rate Rs.3,302 per gram
    November 30 Rate Rs.3,140 per gram
    Highest Rate in November Rs.3,302 per gram on 1 November
    Lowest Rate in November Rs.3,140 per gram on 30 November
    Overall Monthly Performance Decline
    Percentage Change -4.90%

    Trend of Gold Rate in Indore for October 2018 (rates per gram)

    Parameters Gold price (24 carat)
    October 1 Rate Rs.3,140 per gram
    October 31 Rate Rs.3,302 per gram
    Highest Rate in October Rs.3,302 per gram on 30 and 31 October
    Lowest Rate in October Rs.3,140 per gram on 1 October
    Overall Monthly Performance Incline
    Percentage Change 5.15%

    Trend of Gold Rate in Indore for September 2018 (rates per gram)

    Parameters Gold price (24 carat)
    September 1 Rate Rs.3,104 per gram
    September 30 Rate Rs.3,140 per gram
    Highest Rate in September Rs.3,178 per gram on 26 and 27 September
    Lowest Rate in September Rs.3,104 per gram on 1 September
    Overall Monthly Performance Incline
    Percentage Change 1.15%

    Trend of Gold Rate in Indore for August 2018 (rates per gram)

    Parameters Gold price (24 carat)
    August 1 Rate Rs.3,146 per gram
    August 31 Rate Rs.3,082 per gram
    Highest Rate in August Rs.3,165 per gram on 6 and 7 August
    Lowest Rate in August Rs.3,082 per gram on 31 August
    Overall Monthly Performance Decline
    Percentage Change -2.03%

    August 2018 - Week 1 (1 - 5):

    • The month began with gold in Pondicherry trading at Rs.2,983 per gram on 1 August. Throughout the first week of August, the industrial and investor demand for gold was steady. The US Federal Reserve’s monetary policy meeting also helped gold prices surge during the week.
    • As the US dollar strengthened, the rate of the yellow metal in Pondicherry fell to Rs.2,972 per gram and further dipped to Rs.2,956 per gram on 3 August.
    • Before the US Fed statement, the value of the US dollar increased against several other emerging currencies. Though this should have affected the gold rate in Pondicherry negatively, it did not affect the price of the metal significantly.
    • Gold traded at 2, 973 per gram on 4 and 5 of August in Pondicherry.
    • The rate of the metal could increase as the value of the US dollar rose because the demand for the metal from local jewellers and industries remained steady.

    August 2018 - Week 2 (6 - 12):

    • Trading commenced for the week with the gold rate in Pondicherry holding at Rs.2,968 per gram on the 6 August amid a weak trend overseas.
    • During this week, the value of the US dollar dropped as the US employment data indicated a drop in the number of US jobs which affected the nation’s economy negatively. However, this did not affect gold prices in Pondicherry considerably.
    • The price of the precious metal fell due to poor demand and traded at Rs.2,967 per gram on 7 August before dipping further to Rs.2,965 per gram on 9 August.
    • Strong domestic demand coupled with favourable market cues globally led to the gold price in Pondicherry holding steady at Rs.2,967 per gram on 10 August.
    • On the last day of the week, the gold rate increased and the metal was priced at Rs.2,984 per gram on 12 August.

    August 2018 - Week 3 (13 - 19):

    • The week opened with the gold rate in Pondicherry standing at Rs.2,985 per gram on 13 August with domestic bullion markets capitalising on the previous week’s gains.
    • As the US dollar regained lost ground, the price of gold fell in the following days. Gold was priced at Rs.2,968 per gram and Rs.2,940 on 14 and 16 August, respectively.
    • Though a slight increase in gold rate was recorded on 15 August when the metal traded at Rs.2,977 per gram, the price of the metal fell the next day.
    • Poor trends overseas coupled with declining demand led to gold rate in Pondicherry did not let gold price to rise significantly in the Union Territory.
    • Gold closed at Rs.2,946 per gram on 19 August 2018.

    August 2018 - Week 4 (20 - 26):

    • The price of gold in Pondicherry was relatively higher on 20 August compared to the previous day. On this day, gold was priced at Rs.2,962 per gram. The rise in the gold rate can be associated to the recovering US dollar.
    • Positive trend overseas helped the price of the metal in Pondicherry increase. The metal was priced at Rs.2,964 per gram and Rs.2,974 per gram on 21 and 22 August.
    • However, due to muted demand from the local industries, gold prices fell to Rs.2,969 per gram and further dipped to Rs.2,968 per gram on 23 and 24 August.
    • With President Trump criticizing the US Federal Reserve decision to raise interest rates, the greenback tumbled. This led to investors banking on the bullion during the week.
    • The week ended with the gold rate in Pondicherry holding at Rs.3,004 per gram on 25 and 26 August with steady demand from market participants amid positive global cues.

    August 2018 - Week 5 (27 - 31):

    • A slight dip in gold prices was noted on the first day of week 5 of August. Gold was priced at Rs.2,999 per gram on this day.
    • After remaining stable on 18 August, the metal rate in Pondicherry surged as the value of US dollar was losing considerably against a basket other major currencies.
    • Gold in Pondicherry rose and traded at Rs.3,012 per gram and Rs.3,026 per gram on 29 and 30 August.
    • Due to steady demand for the metal from local jewellers and industrial units, the precious metal managed to record the highest gold rate in Pondicherry for the month on 31 August and traded at Rs.3,036 per gram.
    • Pondicherry registered an incline of 1.77% in gold trade during the course of the month.

    Trend of Gold Rate in Indore for July 2018 (rates per gram)

    Parameters Gold price (24 karat)
    July 1 Rate Rs.3,142 per gram
    July 31 Rate Rs.3,095 per gram
    Highest Rate in July Rs.3,148 per gram from 5 - 11 July
    Lowest Rate in July Rs.3,082 per gram from 19 - 24 July
    Overall Monthly Performance Decline
    Percentage Change -1.49%

    July 2018- Week 1 (1-6)

    • The month began with the Gold rate standing at Rs.3,142 per gram, a slight drop from the last month which can be associated with the dollar price strengthening.
    • Gold prices crept up slightly on 5 July to Rs.3,148 per gram as the dollar dropped slightly, and trade policies regarding the Federal Reserve increasing interest rates created tension in the economy.
    • Gold rates rose marginally over the following few days as the dollar eased ahead of the Federal Reserve's policy meeting (Fed Minutes) for July.
    • The Gold rate for Indore remained stable at the end of the week as it stood at Rs. 3,148 per gram.

    July 2018- Week 2 (7-13)

    • The precious metal started off at Rs.3,148 at the beginning of Week 2, the same as the end of last week. The gold rates in Indore failed to change in spite of a slight decline in dollar rates.
    • In spite of the dollar weakening, Gold rates in Indore remained stable for the next few days at Rs.3,148 per gram from 8 - 10 July.
    • The price of the metal in Indore declined further caused due to an increased dollar while the trade spat between China and the USA escalated. The metal’s price on 12 and 13 July stood at Rs.3,146 and Rs.3,129 per gram respectively.
    • The price of the metal in Indore, at the end of Week 2, remained at Rs.3,129 per gram.

    July 2018- Week 3 (14-20)

    • Gold price in Indore commenced at Rs.3,129 at the start of Week 3, equivalent to the price of the metal at the end of Week 2.
    • The dollar price continued to climb, which did not have a substantial effect on the gold price in Indore for the coming few days. As on 14 July up to 17 July, the Gold rate stood at around Rs.3,129 per gram.
    • Even weak demand for the precious metal unaffected its rate in Indore.
    • US dollar dropped from a three-week high on 19 July, which surprisingly lead to the detriment of Gold rates in Indore. It stood at Rs.3,082 per gram on 19 July.
    • At the end of the week, the Gold rate in Indore stood at Rs.3,082 per gram.

    July 2018- Week 4 (21-31)

    • The week started off with the Gold price in Indore amounting to Rs.3,082 per gram, the same price as recorded at the end of Week 3.
    • US dollar declined to a two-week-low on 23 July, which did not led to the increment in the Gold prices in Indore. The Gold rate on 23 July stood the same at Rs.3,082 per gram.
    • On 24 July the US treasury yields rose, which did not alter Gold rates in Indore. The Gold rate stood stagnant at Rs.3,082 per gram.
    • On 26 July, the Gold rate increased due to a slip in the US dollar after the President of USA, Donald Trump and European Commission President Jean-Claude Juncker agreed to work towards eliminating trade barriers. The price of Gold in Indore stood at Rs.3,095 per gram.
    • The Gold rate then stagnated through the remaining of the month, and at the end of the month, the price in Indore was recorded at Rs.3,095. The percentage change of Gold rate in Indore was recorded to be -1.49%.

    Trend of Gold Rate in Indore for June 2018 (rates per gram)

    Parameters Gold price (24 karat)
    June 1 Rate Rs.3,208 per gram
    June 30 Rate Rs.3,142 per gram
    Highest Rate in June Rs.3,208 per gram from 1-4 June
    Lowest Rate in June Rs.3,142 per gram on 30 June
    Overall Monthly Performance Decline
    Percentage Change -2.05%

    June 2018- Week 1 (1-10)

    • As June began, gold prices in Indore were more or less constant before demand fell marginally.
    • The precious metal opened the month at Rs.3,208 per gram and prices remained stable for a few days, as local demand kept prices stable.
    • The trade tariffs being imposed on various countries by the United States led to turbulence across equity markets, which boosted gold demand.
    • The rising dollar however, resulted in gold gains being capped; local demand was also poor due to the falling rupee.
    • Prices fell to Rs.3,171 per gram on 5 June before prices fell further to Rs.3,167 per gram on 6 June.
    • Fluctuating demand led to prices rising as gold ended the week at Rs.3,177 per gram on 10 June.

    June 2018- Week 2 (11-17)

    • The second week saw gold prices fluctuate due to conflicting cues from both equity markets as well as local jewellers.
    • Gold was priced at Rs.3,177 per gram on 11 June as investors awaited news from the upcoming summit between North Korea and the U.S., which led to static demand for bullion.
    • Prices rose to Rs.3,186 per gram on 13 June as the possibility of a global trade war led to investors rushing to safe-haven assets like gold.
    • A strengthening dollar reduced local demand for gold, as retail and industrial orders fell due to rising costs.
    • A strong dollar reassured some investors ahead of fresh tariffs imposed on China, as gold rose to Rs.3,200 per gram on 17 June.

    June 2018- Week 3 (18-24)

    • An escalation of the trade tensions between the United States and China led to a minor rise in the price of gold, but most of this was offset by the falling rupee.
    • Gold traded at Rs.3,200 per gram on 18 June as overseas demand was steady in spite of the strengthening dollar.
    • Prices began to fall as markets regularised and investors awaited news from the Federal Reserve meeting over a possible interest rate hike.
    • The yellow metal fell to Rs.3,175 per gram on 19 June and remained constant for a few days as local demand also fell sharply.
    • Static demand and a falling rupee led to gold prices in Indore falling to Rs.3,148 per gram as the week ended on 24 June.

    June 2018- Week 4 (25-30)

    • While gold prices rose overseas in the last week of June, local demand was muted due to the falling rupee, which made gold imports more expensive.
    • The precious metal traded at Rs.3,148 per gram on 25 June as gold rates remained constant for most of the week.
    • Stagnant local demand coupled with a declining interest overseas led to gold trading flat, as industrial units also reduced orders.
    • A minor drop in price due to market trends led to gold ending the month at Rs.3,142 per gram to record a 2.05% fall in value over the course of the month.

    Trend of Gold Rate in Indore for May 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    May 1 Rate Rs.3,219 per gram
    May 31 Rate Rs.3,208 per gram
    Highest Rate in May Rs.3,228 per gram from 8- 16 and 25-30 May
    Lowest Rate in May Rs.3,205 per gram from 17-24 May
    Overall Monthly Performance Decline
    Percentage Change -0.34%

    May 2018 - Week 1 (1st - 6th)

    • Gold rates in Indore opened on a rather strong note for the month of May as demand was on a slight incline.
    • The precious metal continued to trade at Rs.3,219 per gram till the 3rd as local demand remained steady and prices remained unchanged.
    • However, demand seemed to be on the decline as the week progressed as the US dollar was started off on an improvement path.
    • When the week ended, the yellow metal was seen trading at Rs.3,213 per gram - a Rs.6 decline from the previous day’s rates.

    May 2018 - Week 2 (7th - 13th)

    • When the second week of May began in Indore, gold was priced at Rs.3,228 per gram - a sharp Rs.15 incline from the rates seen during the previous week’s closing hours.
    • There was very little change in demand for the remaining few days as demand from jewellers, retailers among others helped gold rate in Indore to remain unchanged.
    • When the week closed on the 13th, the metal’s prices were still seen holding at Rs.3,228 per gram.

    May 2018 - Week 3 (14th - 20th)

    • The initial few days of week 3 saw gold prices remain the same as demand from the local market was steady.
    • On the 14th, when the week began, gold was seen trading at Rs.3,228 per gram, which held on till the closing hours of the 16th.
    • However, gold price in Indore dropped by Rs.23 to Rs.3,205 per gram on the 17th as the US dollar surged against a basket of currencies and bullion rates declined.
    • For the remaining few days of the week, gold demand was low yet steady and it continued at Rs.3,205 per gram till the closing hours of the week.

    May 2018 - Week 4 (21st - 27th)

    • The fourth week of May recorded a few changes with regards to gold trading as demand rose and fell over this period.
    • When the week began on the 21st, the metal was priced at Rs.3,205 per gram - no change from the previous day’s rates.
    • Gold continued to trade at Rs.3,205 per gram till the 24th before rising the next day after the dollar fell.
    • Once the Federal Reserve announced that it will keep the interest rates changed, gold price in Indore went up to Rs.3,228 per gram.
    • This rise was due to a strong rise in global demand and cues improved in the local market as well.

    May 2018 - Week 5 (28th - 31st)

    • The final week of May began with gold opening at Rs.3,228 per gram before continuing at this rate for the next two days as well.
    • On the final day of the month, i.e., the 31st, gold rates dropped to Rs.3,208 per gram - a Rs.20 per gram decline as local demand fell.
    • Gold price trends in Indore dropped by 0.34% this month due to sudden drop recorded on the final day of May.
    • Overall, gold’s performance was weak this month due to poor cues this month from the global market, which failed to capitalise on the fall of the US dollar and the Fed Reserve’s decision to keep the rates unchanged.
    • Both events had a bearing on the US dollar and gold trading remained sluggish despite that.

    Trend of Gold Rate in Indore for April 2018 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold Rate on 1st April 2018 Rs.3,148 per gram
    Gold Rate on 30th April 2018 Rs.3,219 per gram
    Highest Rate in April Rs.3,232 per gram on 26 and 27 April
    Lowest Rate in April Rs.3,148 per gram from 1 to 12 April
    Overall Monthly Performance Incline
    Percentage Change 2.25%

    April 2018- Week 1 (1st -7th)

    • Demand for gold was steady in Indore in the first week of April, with the precious metal trading at Rs.3,148 per gram as the week began.
    • Local prices were unaffected by changes overseas, where a dip in the dollar rate led to a surge in demand for the yellow metal.
    • Industrial demand was also stable in spite of a sharp drop in gold prices in international trade after equity markets stabilised.
    • Trade tensions escalated between the United States and China towards the end of the week but had minimal impact on local prices, which ended the week unchanged at Rs.3,148 per gram on 7 April.

    April 2018- Week 2 (8th -15th)

    • Gold prices remained static for most of the second week, with the precious metal opening the week at Rs.3,148 per gram on 8 April.
    • A strengthening dollar led to a drop in demand for gold overseas in spite of fears of a trade war between the U.S. and China.
    • As markets awaited U.S. inflation data and the minutes of the U.S. Federal Reserve’s meeting, international demand for the yellow metal was low.
    • Domestic prices jumped to Rs.3,184 per gram on 12 April after stock markets and major global currencies fell on news of a suspected government-led chemical attack in Syria.
    • The low dollar rate led to increased buying by jewellers as well as industrial units, which kept gold prices steady as the week ended.
    • The precious metal continued to trade at Rs.3,184 per gram on 15 April.

    April 2018- Week 3 (16th-22nd)

    • Global fluctuations in price did not impact gold prices in Indore, with the precious metal trading at a static Rs.3,184 per gram at the start of the third week.
    • Stable demand from jewellers looking to capitalise on favourable market trends kept local prices steady, though industrial demand fell slightly.
    • A weakening dollar and market turbulence following the U.S.-led airstrikes on Syria led to investors rushing to hedge losses by investing in gold.
    • Prices rose to Rs.3,211 per gram on 19 April and remained constant till the week ended on 22 April.

    April 2018- Week 4 (23rd-30th)

    • Gold opened the week trading at Rs.3,211 per gram on 23 April, with the price remaining constant for a few days.
    • Overseas industrial demand rose as the dollar slipped after U.S. Treasury yields rose over fears of rising inflation.
    • Local gold demand was muted but international trends led to prices rising to Rs.3,232 per gram on 26 and 27th April, the highest price for the month.
    • Prices dipped soon after as geopolitical tensions eased and the U.S. indicated it would reduce Russian sanctions, which bolstered equity markets and strengthened the dollar.
    • Gold fell to Rs.3,219 per gram on 28 April and remained constant till the end of the month.
    • A sharp drop in demand towards the end of the month impacted gold’s value, which rose by 2.25% over the course of the month.

    Trend of Gold Rate in Indore for March 2018 (rates per kg)

    Parameters Gold price (per gram)
    Gold Rate on 1st March 2018 Rs.3,147 per gram
    Gold Rate on 31st March 2018 Rs.3,148 per gram
    Highest Rate in March Rs.3,148 per gram on 8, 9 and from 24 to 31 March
    Lowest Rate in March Rs.3,123 per gram from 17 to 23 March
    Overall Monthly Performance Incline
    Percentage Change 0.03%

    March 2018 - Week 1 (1st - 4th)

    • Gold was priced at Rs.3,147 per gram when trading commenced in Indore for the month of March.
    • There weren’t too many changes in gold prices this month as demand was largely steady in the administrative city of Madhya Pradesh.
    • On the 2nd, gold was still priced at Rs.3,147 per gram, which continued till the closing hours of this week.

    March 2018 - Week 2 (5th - 11th)

    • The second week of March began with gold rates going down slightly to Rs.3,146 per gram.
    • This fall occured due to changes witnessed in overnight trading cues. The precious metal’s prices remained at Rs.3,146 per gram on the 7th before going up to Rs.3,148 per gram on the the 8th.
    • On the 9th, gold prices in Indore continued at Rs.3,148 per gram but dropped the next day to Rs.3,134 per gram as demand took a hit. This significant drop was due to a weak demand in the domestic market.
    • The week ended with gold continuing to trade at Rs.3,134 per gram.

    March 2018 - Week 3 (12th - 18th)

    • When exchanges opened for the third week with gold being priced at Rs.3,134 per gram. While prices were largely on the incline in other cities in the country, prices in Indore was pretty much unchanged.
    • On the 13th, gold rates were holding at Rs.3,134 per gram, which continued on till the 16th of the month.
    • The 17th, however, saw prices drop to Rs.3,123 per gram - a Rs.11 decline compared to the previous day.
    • The week came to an end with gold prices still holding at Rs.3,123 per gram, as demand from local investors was steady.

    March 2018 - Week 4 (19th - 25th)

    • The fourth week of March bore witness to very little fluctuations in prices as demand from local buyers was steady.
    • When the week began on the 19th, gold was priced at Rs.3,123 per gram.
    • Over the most part of this week, gold prices didn’t seen much of a change as it was largely at Rs.3,123 per gram till the 23th of the month.
    • However, a rise in demand brought about by a shaky dollar pushed prices up to Rs.3,148 per gram on the 24th.
    • The penultimate week of March ended with gold still trading at Rs.3,148 per gram.

    March 2018 - Week 5 (26th - 31st)

    • The final week of March recorded no change in gold prices because demand was completely unchanged.
    • On the 26th, when the week began, gold was priced at Rs.3,148 per gram - and rates were unchanged compared to the previous day.
    • For the remainder of the week, gold rate continued at Rs.3,148 per gram, owing to sustained demand from buyers.
    • Gold price trends saw a marginal 0.03% change, due to a rather weak sales over the course of the month.

    Trend of Gold Rate in Indore for February 2018 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold Rate on 1st February 2018 Rs.3,128 per gram
    Gold Rate on 28th February 2018 Rs.3,147 per gram
    Highest Rate in February Rs.3,148 per gram on 3, 4, 5, 7 and from 17 to 22 February
    Lowest Rate in February Rs.3,091 per gram from 9-11 February
    Overall Monthly Performance Incline
    Percentage Change 0.60%

    February 2018- Week 1 (1-4):

    • Gold prices in Indore were on the rise in the first week of February as steady demand and favourable market forces kept prices consistent.
    • The yellow metal traded at Rs.3,128 per gram on 1 February as local jewellers increased orders following a drop in the dollar rate, which made imports cheaper.
    • Prices in the international market were also on the increase as Asian industry increased demand for the metal, as gold prices rose to Rs.3,148 per gram on 3 February.
    • There was no change in price as the week ended on 4 February with gold staying steady at Rs.3,148 per gram on consistent demand.

    February 2018- Week 2 (5-11):

    • Gold price in Indore fluctuated in the second week due to conflicting cues and market instability, which negatively impacted gold rates.
    • Gold opened the week at Rs.3,148 per gram on 5 February before falling to Rs.3,125 per gram on 6 February due to a sharp drop in local demand.
    • A rise in the dollar rate led to a reduction in demand for bullion overseas, which also resulted in a drop in local demand for the precious metal.
    • The drop in price continued for the rest of the week, with gold trading at Rs.3,091 per gram on 9 February as retail demand was also poor.
    • Positive employment data from the U.S. boosted equity markets as interest in gold dropped, with gold priced at Rs.3,091 per gram on 11 February.

    February 2018- Week 3 (12-18):

    • After an initial drop in value, gold prices began to rise on positive market cues and an increase in demand from both local jewellers as well as overseas industry.
    • Gold was priced at Rs.3,103 per gram on 12 February, with no change in price observed for a few days.
    • In spite of it being the wedding season and gold trading relatively low, there was muted retail demand, which resulted in prices stagnating.
    • International demand rose as European markets dropped, which led to an increase in orders and price, with gold trading at Rs.3,129 per gram on 16 February.
    • Gold price in Indore jumped to Rs.3,148 per gram on 17 February as turbulent global markets led to a surge in demand for bullion, with prices staying constant for the rest of the week.

    February 2018- Week 4 (19-25):

    • There was no change in the price of gold as the fourth week began as steady local demand and a rise in industrial offtake balanced fluctuations in the international market.
    • Gold traded at Rs.3,148 per gram on 19 February and stayed constant for a few days.
    • Asian industry increased orders due to a minor drop in the dollar rate, but gold price in Indore fell marginally to trade at Rs.3,145 per gram on 23 February.
    • Prices did not fluctuate for the rest of the week as an equity market recovery kept demand for gold muted, and the week ended with gold priced at Rs.3,145 per gram on 25 February.

    February 2018- Week 5 (26-28):

    • A minor rise in gold price in Indore was recorded in the last week of February as demand was more or less consistent.
    • Gold was priced at Rs.3,145 per gram on 26 February as retail demand as well as industrial offtake was steady.
    • Prices rose to Rs.3,147 per gram on 27 February, with the price remaining unchanged as the month ended on 28 February.

    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.

    Also Check Gold Price in NearBy Cities of Indore

    Read more on Gold

    Gold Rate - Sitemap

    News About Gold Rate in Indore

    • Gold Breaks Losing Run After Trump Criticises Strong Dollar

      Gold rates rose in trading on Friday, 20th July, 2018 after a protracted slump after the dollar dropped in value. The robust dollar growth was stopped in its tracks by Donald Trump’s criticism of the currency’s growth, which led to the greenback falling sharply.

      Spot gold rose by 0.7% to $1,230.89 per ounce, while gold futures also rose by 0.6% to $1,231.10 per ounce. In spite of the recent rise in the rate, gold was still trading 1% lower this week.

      The resurgent dollar makes it more expensive for non-dollar buyers to purchase gold due to the higher currency conversion rate. Higher interest rates also tend to boost the dollar and raises the opportunity cost of non-yielding bullion.

      20 July 2018

    Gold Rate In Metro Cities
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