• Gold Rate in Indore

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    10 Dec 2018 ₹ 3,055 ₹ 24,440 ₹ 3,208 ₹ 25,664
    09 Dec 2018 ₹ 3,055 ₹ 24,440 ₹ 3,208 ₹ 25,664
    08 Dec 2018 ₹ 3,055 ₹ 24,440 ₹ 3,208 ₹ 25,664
    07 Dec 2018 ₹ 3,055 ₹ 24,440 ₹ 3,208 ₹ 25,664
    06 Dec 2018 ₹ 3,034 ₹ 24,272 ₹ 3,186 ₹ 25,488
    05 Dec 2018 ₹ 3,006 ₹ 24,048 ₹ 3,156 ₹ 25,248
    04 Dec 2018 ₹ 3,006 ₹ 24,048 ₹ 3,156 ₹ 25,248
    03 Dec 2018 ₹ 2,978 ₹ 23,824 ₹ 3,127 ₹ 25,016
    02 Dec 2018 ₹ 2,978 ₹ 23,824 ₹ 3,127 ₹ 25,016
    01 Dec 2018 ₹ 2,982 ₹ 23,856 ₹ 3,131 ₹ 25,048

    *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 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.

    Trend of Gold Rate in Indore for January 2017 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold Rate on 1st January 2018 Rs.3,093 per gram
    Gold Rate on 31st January 2018 Rs.3,121 per gram
    Highest Rate in January Rs.3,164 per gram on 25 January
    Lowest Rate in January Rs.3,080 per gram from 4 to 8 January
    Overall Monthly Performance Incline
    Percentage Change 0.90%

    January 2018 - Week 1 (1st - 7th):

    • When trading began for the new year, gold was priced at Rs.3,093 per gram.
    • As demand from the local market was steady, gold continued to trade at Rs.3,093 per gram over the next two days as well.
    • Due to a rising US dollar, gold rate in Indore dropped down to Rs.3,080 per gram on the 4th of January and remained there for the remaining few days of the week.
    • The drop is price was due to the anticipation regarding the jobs data which was expected to hit the market.
    • However, the data was poorer than expected which caused gold price in Indore to rise considerably.

    January 2018 - Week 2 (8th - 14th):

    • When the second week of January began in Indore, gold was priced at Rs.3,080 per gram.
    • Gold price in Indore was Rs.3,080 per gram on the 9th as well as there was no major factors influencing the metal’s rates.
    • After the effects of the rising dollar went down, gold rates went up to Rs.3,087 per gram on the 10th before rising again to Rs.3,094 per gram the next day.
    • On the 12th, gold traded at Rs.3,111 per gram as demand continued to rise as the US dollar endured a tough time.
    • The rise was mostly due to the US dollar losing its sheen against a host of other major currencies.
    • The next day, i.e., on the 13th gold prices rose to Rs.3,114 per gram as international demand also surged.
    • Gold rate in Indore increased significantly on the 14th when the metal traded at Rs.3,147 per gram as the week came to an end.

    January 2018 - Week 3 (15th - 21st):

    • Gold traded at Rs.3,147 per gram on the 15th and 16th of January as local demand held steady amid stable buying trends from local investors.
    • On the 17th, Gold rate in Indore went up to Rs.3,162 per gram before continuing at this rate till the 19th of January.
    • However, prices fell to Rs.3,148 per gram on the 20th as demand took a hit. This rate held on till the closing hours of the week.

    January 2018 - Week 4 (22nd - 28th):

    • When the fourth week’s trading commenced, gold was seen trading at Rs.3,148 per gram.
    • This rose to Rs.3,152 per gram on the 23rd as there was a movement in local demand figures.
    • Gold price in Indore continued at largely the same rate on the 24th before going up to Rs.3,164 per gram on the 25th of the month. This was the highest gold rate recorded for the month which was made possible by increased investment from jewellers, and other investors.
    • Gold rate in Indore recorded on the 25th was the highest for the month. This was made possible by a consistently weakening dollar, which was hit by various issues in the US.

    January 2018 - Week (29th - 31st):

    • When the final week’s trading began, gold was priced at Rs.3,144 per gram.
    • As demand was good, gold continued to sell at Rs.3,144 per gram on the 30th of the month too.
    • However, as demand dropped, gold rate in Indore went down to Rs.3,121 per gram. Overall, gold price trend saw a 0.90% increase.

    Trend of Gold Rate in Indore for December 2017 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold Rate on 1st December 2017 Rs.3,078 per gram
    Gold Rate on 31st December 2017 Rs.3,093 per gram
    Highest Rate in December Rs.3,094 per gram from 2 to 4 December
    Lowest Rate in December Rs.2,998 per gram on 12 and 13 December
    Overall Monthly Performance Incline
    Percentage Change 0.48%

    December 2017 - Week 1 (1st to 10th)

    • Trading began in Indore with the yellow metal priced at Rs.3,078 per gram on the 1st of December.
    • The 2nd saw gold rate in Indore rising to Rs.3,094 per gram owing to an increase in demand amid a weakened US dollar.
    • Prices remained unchanged at Rs.3,094 per gram until the 4th with steady demand from local jewellers, industries and retailers.
    • However, the US dollar gained against other apex currencies following the US Senate’s decision to pass the landmark Republican tax bill. This led to gold rates in Indore plunging to Rs.3,061 per gram on the 5th.
    • Gold price in Indore dropped further to Rs.3,045 per gram on the 6th amid the poor trend overseas.
    • The 7th witnessed the bullion holding steady at Rs.3,045 per gram, but gold rates plunged to Rs.3,014 per gram on the 8th on account of reduced domestic demand for the precious metal.
    • Despite the poor trend overseas, prices remained unchanged at Rs.3,014 per gram for the remainder of the week owing to a low but steady demand from local jewellers, retailers and industries.

    December 2017 - Week 2 (11th to 17th)

    • When trading commenced for the second week, the precious metal was holding steady at Rs.3,014 per gram on the 11th amid the firm trend overseas.
    • The 12th saw gold rate in Indore plunging to Rs.2,998 per gram with investors mulled over the strengthened US dollar and firmer equities market. This was also the lowest recorded monthly figure in Indore.
    • Poor domestic demand coupled with weak global cues led to prices remaining untouched at Rs.2,998 per gram on the 13th.
    • However, a decline in the US dollar index following the new tax cuts led to gold price in Indore rebounding to Rs.3,010 per gram on the 14th.
    • Steady demand from industries and jewellers amid the firm trend overseas resulted in the bullion being priced at Rs.3,010 per gram for the remainder of the week.

    December 2017 - Week 3 (18th to 24th)

    • Gold was recorded trading at Rs.3,000 per gram on the 18th when the week began owing to a reduced demand
    • Demand picked up with the US dollar losing against other emerging currencies following the new interest rates released by the Federal Reserve. This led to gold rate in Indore rebounding to Rs.3,012 per gram on the 19th.
    • A marginal decrease in domestic demand from local jewellers, industries and retailers led to gold prices holding steady at Rs.3,010 per gram over the next couple of days.
    • On the 22nd, gold price in Indore surged to Rs.3,013 per gram with the US dollar losing against a basket of other emerging currencies.
    • The rest of the week saw gold prices holding steady at Rs.3,013 per gram with steady demand for the metal amid the firm global trends.

    December 2017 - Week 4 (25th to 31st)

    • The final week began gold trading at Rs.3,013 on the 25th on account of steady demand from the previous week.
    • The 26th witnessed prices surging to Rs.3,035 per gram with the Asian equity markets declining against the new US tax cuts.
    • Strong investor sentiments coupled with positive trends overseas led to bullion being priced at Rs.3,048 per gram on the 27th before rising to Rs.3,068 per gram on the 28th.
    • On the 29th, gold was priced at Rs.3,070 per gram due to a marginal increase in domestic demand for the metal.
    • Strong global demand coupled with firm global cues led to gold being priced at Rs.3,093 per gram on the 30th and 31st.
    • Indore recorded an incline of 0.48% in gold rates during the course of the month.

    Trend of Gold Rate in Indore for November 2017 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold rate on 1st November 2017 Rs.3,070 per gram
    Gold rate on 30th November 2017 Rs.3,081 per gram
    Highest Rate in November Rs.3,115 per gram on 19 and 20 November
    Lowest Rate in November Rs.3,061 per gram on 6th November
    Overall Monthly Performance Incline
    Percentage Change 0.35%

    November 2017 - Week 1 (1st - 5th)

    • When November began in Indore, gold was priced at Rs.3,070 per gram.
    • Gold rate in Indore remained the same on the 2nd before dropping to Rs.3,065 per gram as domestic demand was affected by a strong dollar.
    • From the 3rd to the 5th, gold continued trading at Rs.3,065 per gram as as local demand remained steady amid some poor showing locally.

    November 2017 - Week 2 (6th - 12th)

    • Gold rate in Indore had dropped slightly to Rs.3,061 per gram when the second week began on the 6th - which was the lowest gold rate for the month.
    • A weak US dollar showing, however, pushed gold rates up to Rs.3,081 per gram on the 7th.
    • Gold price in Indore went up again to Rs.3,087 per gram on the 8th as returns from US treasury remained low, which caused the greenback to lose its value.
    • There was consistent increase in gold rates throughout this week, with the metal trading at Rs.3,091 per gram on the 9th and then to Rs.3,099 per gram the next day.
    • But, due to a slowdown in domestic sales, gold rate in Indore dropped down to Rs.3,093 per gram on the 11th.
    • When the week ended, gold was seen trading at Rs.3,096 per gram.

    November 2017 - Week 3 (1th3 - 19th)

    • There were plenty of fluctuations to be witnessed this week, owing to uneven demand.
    • On the 13th, when the week began, gold was priced at Rs.3,093 per gram. This then rose to Rs.3,101 per gram the next day due to positive cues from the global market.
    • A slowdown was witnessed on the 15th - which continued on till the end of 17th - as local demand was hit by cautious investors.
    • Gold rate in Indore remained at Rs.3,090 per gram on the 18th bur surged significantly trade at a monthly high figure of Rs.3,115 per gram on the 19th.

    November 2017 - Week 4 (20th - 26th)

    • When the fourth week began, gold was still priced at Rs.3,115 per gram, but dropped to Rs.3,091 per gram - a Rs.24 decline in a day’s time.
    • On the 22nd, gold rate in Indore were seen holding at Rs.3,091 per gram before rising to Rs.3,102 per gram.
    • For the remaining few days of the week, gold price in Indore continued at Rs.3,102 per gram as the US dollar remained rather weak while local demand remained steady.

    November 2017 - Week 5 (27th - 30th)

    • During the final week, gold opened on a steady and positive note before dropping significantly over the final two days.
    • On the 27th of the month, gold was priced at Rs.3,103 per gram. Gold price in Indore remained unchanged on the 28th as well due to strong demand.
    • However, a drop in demand brought gold rate in Surat down to Rs.3,098 per gram.
    • The final day of the month saw gold price in Indore fall again - this time to Rs.3,081 per gram as demand failed to pick up amid weak global trends.
    • Price trends inclined by 0.35%, thanks to a steady demand from local investors and jewellers.
    Parameters Gold price (24 karat)
    Gold Rate on 1st October 2017 Rs.3,127 per gram
    Gold Rate on 31st October 2017 Rs.3,088 per gram
    Highest Rate in October Rs.3,135 per gram from 12 to 17 October
    Lowest Rate in October Rs.3,002 per gram from 23 to 26 October
    Overall Monthly Performance Decline
    Percentage Change -1.24%

    October 2017-Week 1 (1st to 8th)

    • The rising geopolitical tension due to the North Korea’s nuclear power, increased the gold’s price in Indore as the month started.
    • The month began with gold price in Indore at Rs.3,127 per gram and remained steady for next two days.
    • As the week progressed the gold lost its appeal and so the bullion’s price dropped owing to the weak trend overseas.
    • Recovery of the US dollar, dropped the gold rate in Indore to Rs.3,094 per gram on 5 October.
    • For the last three days of the week gold price was steady, with the metal traded at Rs.3,084 per gram, as the finance minister imposed the sovereign bond scheme and the equity market regained stability.

    October 2017-Week 2 (9th to 15th)

    • Gold price in the second week of October was the highest due to the pre-festive season demand among the buyers and retailers.
    • Gold rate in Indore moved to Rs.3,119 per gram on the first day of week 2 as the current government revived its know your customer (KYC) norms, for the buyer's benefit.
    • On 11 October, the rates touched Rs.3,125 per gram as the demand continued to rise.
    • The increasing geopolitical tension along with pre-diwali sales raised the yellow metal’s price to the month’s highest from 12 October to 15 October.
    • The metal traded at Rs.3,135 for continuously four days till the week ended.

    October 2017-Week 3 (16th to 22nd)

    • The volatility in the bullion market due to the North Korea’s nuclear power and the war of words between the two nations maintained the yellow metal’s rate at Rs.3,135 per gram, similar to the previous week.
    • After being stable for two days, the price dropped to Rs.3,012 per gram. The fall in price was due to the US dollar gaining momentum and the negative global cues.
    • The gold price in Indore remained stable for next four days due to the dropping sales post diwali.

    October 2017-Week 4 & Week 5 (23rd to 31st)

    • Gold rate in Indore opened at Rs.3,002 per gram, the drop in the price from the previous week was due to the inching-up US currency. From 23 October to 25 October, gold was traded at lowest price.
    • The consequences of Hurricane IRMA and Harvey later raised the gold price in Indore by Rs.95 per gram, and helped the bullion to touch Rs.3,097 per gram.
    • Later, the gold price in Indore dropped to Rs.3,084 per gram and remained stable for three days as the US economy was in a good shape. The President’s decision to opt for a policy hawk raised the US treasury yields helping the dollar to gain stability.
    • The month closed with gold traded at Rs.3,088 per gram.
    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
    Percentage Change 2.62%

    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.
    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
    Percentage Change 1.90%

    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
    Percentage Change -2.19%

    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
    Percentage Change 0.29%

    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
    Overall Performance Decline
    Percentage Change -0.49%

    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
    Overall Performance Incline
    Percentage Change 1.66%

    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
    Overall Performance Decline
    Percentage Change 1.40%

    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
    Overall Performance Incline
    Percentage Change +2.33%

    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
    Overall Performance Incline
    Percentage Change +3.50%

    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.

    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

    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

    Read more on Gold

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    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

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