Gold Rate in Indore

  • Today's Gold Rate in Indore ( 17 Jan 2021 )

    ₹ 4,712
    Today's Gold Rate (22K) per gram

    Compare 22K & 24K Gold Rate In Indore (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,712 ₹ 4,750 ₹ -38 ↓
    Standard Gold (22 K) ( 8 grams ) ₹ 37,696 ₹ 38,000 ₹ -304 ↓
    Pure Gold (24 K) ( 1 gram ) ₹ 4,948 ₹ 4,988 ₹ -40 ↓
    Pure Gold (24 K) ( 8 grams ) ₹ 39,584 ₹ 39,904 ₹ -320 ↓

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    16 Jan 2021 ₹ 4,712 ₹ 37,696 ₹ 4,948 ₹ 39,584
    15 Jan 2021 ₹ 4,750 ₹ 38,000 ₹ 4,988 ₹ 39,904
    14 Jan 2021 ₹ 4,760 ₹ 38,080 ₹ 4,998 ₹ 39,984
    13 Jan 2021 ₹ 4,775 ₹ 38,200 ₹ 5,014 ₹ 40,112
    12 Jan 2021 ₹ 4,775 ₹ 38,200 ₹ 5,014 ₹ 40,112
    11 Jan 2021 ₹ 4,760 ₹ 38,080 ₹ 4,998 ₹ 39,984
    10 Jan 2021 ₹ 4,798 ₹ 38,384 ₹ 5,038 ₹ 40,304
    09 Jan 2021 ₹ 4,798 ₹ 38,384 ₹ 5,038 ₹ 40,304
    08 Jan 2021 ₹ 4,890 ₹ 39,120 ₹ 5,135 ₹ 41,080
    07 Jan 2021 ₹ 4,903 ₹ 39,224 ₹ 5,148 ₹ 41,184

    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 October 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    October 1 Rate Rs.5,159 per gram
    October 31 Rate Rs.5,162 per gram
    Highest Rate in October Rs.5,231 per gram on 12 October
    Lowest Rate in October Rs.4,914 per gram on 17 October and 18 October
    Overall Performance Incline
    Percentage Change 0.05%

    Trend of Monthly Gold Rate in Indore for October 2020:

    • In Indore, the month of October opened with gold price standing at the rate of Rs.5,159 per gram.
    • The price of gold witnessed a fluctuating trend in the city over the next few days. The increase in the rates saw gold record its highest price for the month when a gram was retailing for Rs.5,231 on 12 October.
    • Over the rest of the month, gold rate in Indore remained unsteady and recorded its lowest price for the month on 17 October and 18 October when a gram of the 24-karat gold was being traded for Rs.4,914. Gold price closed the month at the rate of Rs.4,914 per gram. The overall performance of the yellow metal witnessed a declining trend wherein the percentage change stood at 0.05%.

    Trend of Gold Rate in Indore for September 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    September 1 Rate Rs.5,250 per gram
    September 30 Rate Rs.5,145 per gram
    Highest Rate in September Rs.5,311 per gram on 17 September
    Lowest Rate in September Rs.5,072 per gram on 29 September
    Overall Performance Decline
    Percentage Change -2%

    Trend of Monthly Gold Rate in Indore for September 2020:

    • In Indore, the month of September opened with gold price standing at the rate of Rs.5,450 per gram.
    • The price of gold witnessed a fluctuating trend in the city over the next few days. The increase in the rates saw gold record its highest price for the month on 8th of September when a gram was retailing for Rs.5,723.
    • Over the rest of the month, gold rate in Indore remained unsteady and recorded its lowest price for the month on 29th September when a gram of the 24-karat gold was being traded for Rs.5,221. Gold price closed the month at the rate of Rs.5,240 per gram. The overall performance of the yellow metal witnessed a declining trend wherein the percentage change stood at –3.85%.

    Trend of Gold Rate in Indore for August 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    August 1 Rate  Rs.5,450 per gram
    August 31 Rate  Rs.5,240 per gram
    Highest Rate in August Rs.5,723 per gram on 8 August
    Lowest Rate in August Rs.5,221 per gram on 29 August
    Overall Performance  Decline
    Percentage Change -3.85%

    Trend of Monthly Gold Rate in Indore for August 2020:

    • In Indore, the month of August opened with gold price standing at the rate of Rs.5,450 per gram.
    • The price of gold witnessed a fluctuating trend in the city over the next few days. The increase in the rates saw gold record its highest price for the month on 8th of August when a gram was retailing for Rs.5,723.
    • Over the rest of the month, gold rate in Indore remained unsteady and recorded its lowest price for the month on 29th August when a gram of the 24-karat gold was being traded for Rs.5,221. Gold price closed the month at the rate of Rs.5,240 per gram. The overall performance of the yellow metal witnessed a declining trend wherein the percentage change stood at –3.85%.

    Trend of Gold Rate in Indore for July 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    July 1 Rate Rs.4,904 per gram
    July 31 Rate Rs.5,397 per gram
    Highest Rate in July Rs.5,397 per gram on 30 and 31 July
    Lowest Rate in July Rs.4,883 per gram on 4,5, and 6 July
    Overall Performance Incline
    Percentage Change 10.05%

    Trend of Monthly Gold Rate in Indore for July 2020:

    • The price of Gold in Indore for the month of July opened at Rs.4,904 per gram. The rate of gold rose on the second day only to fall down and touch its lowest on 4,5, and 6 July at Rs.4,883.
    • Over the month, gold rates remained unsteady and price rose during the last week of the month in the city of Madhya Pradesh. The increase in the rates saw the yellow metal record its highest price for the month on 30th and 31st July with a gram costing Rs.5,397.
    • With the incline in the rates, gold price recorded a percentage change of 10.05% in the state.

    Trend of Gold Rate in Indore for June 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    June 1 Rate Rs.4,799 per gram
    June 30 Rate Rs.4,988 per gram
    Highest Rate in June Rs.4,988 per gram on 30 June
    Lowest Rate in June Rs.4,698 per gram on 9 June and 10 June
    Overall Performance Incline
    Percentage Change 3.9%

    Trend of Monthly Gold Rate in Indore for June 2020:

    • In Indore, the month of June started off with the yellow metal being priced at Rs.4,799 per gram on 1 June. By the end of the month, the metal was being priced at Rs.4,988 per gram.
    • The fears over a resurgence of the Coronavirus and a grim outlook on the economic by the U.S. Federal Reserve had increased the demand for the precious metal during the month. Many factors like the U.S. Federal Reserve's pledge to maintain low interest rates had led to the fluctuations in the price of the precious metal.
    • During the month, gold saw an overall increase in its price by 3.9%. The metal hit its lowest price on 9 June and 10 June. On this day, the metal was being retailed at Rs.4,698 per gram.

    Trend of Gold Rate in Indore for May 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    May1 Rate Rs.4,699 per gram
    May 31 Rate Rs.4,799 per gram
    Highest Rate in April Rs.4,883 per gram on 18 and 19 May
    Lowest Rate in April Rs.4,646 per gram from 2 May
    Overall Performance Incline
    Percentage Change 2.12%

    Trend of Monthly Gold Rate in Indore for May 2020:

    • Gold opened the month of May at Rs.4,699 per gram in Indore. There was a decline of Rs.62 for every gram of the 24-karat gold in the city when the opening price was compared to the closing price of the previous month. Gold recorded its lowest price for the month on 2nd May. Over the opening week, the rates fluctuated as curbs were eased and equities rose. The yellow metal closed the opening week at Rs.4,694 per gram.
    • In the second week of the month, gold rates continued to fluctuate. Having opened the week at Rs.4,694 per gram, the rates slipped before increasing again on 11th May and 13th May. A gram of the yellow metal cost Rs.4,741 in the city on 13th of May.
    • Gold rates were on the upward curve in the third week of the month. The rates jumped to Rs.4,883 per gram on 18th May as bleak U.S. economic data and tensions between the United States of America and China underpinned the safe-haven metal. This was the highest recorded price of the yellow metal in the city for the month. In Indore, the precious metal closed the penultimate week of the month at Rs.4,851 per gram.
    • The rates of gold continued to fluctuate in the final week as well. Opening the week at the same price which was charged on the final day of the previous week, the rates declined on 23rd May and cost Rs.4,841 per gram. It dropped further as equities rose following reports of a potential stimulus program and was priced Rs.4,788 for every gram on 30th May. The rates increased slightly on the final day of the month and closed at Rs.4,799 per gram. The overall performance of gold witnessed an inclining trend over the month of May in Indore with the percentage change being 2.12%.

    Trend of Gold Rate in Indore for April 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    April 1 Rate Rs.4,158 per gram
    April 30 Rate Rs.4,761 per gram
    Highest Rate in April Rs.4,846 per gram on 29 April
    Lowest Rate in April Rs.4,158 per gram from 1 April to 20 April
    Overall Performance Incline
    Percentage Change 14.50%

    Trend of Monthly Gold Rate in Indore for April 2020:

    • The city of Indore witnessed the trend of gold rates increase by 14.5%. On 1 April, the rate of the precious metal had been Rs.4,158 per gram. This figure was the lowest price that gold had recorded during the month. Gold prices had remained the same at Rs.4,158 per gram till 20 April. A firm U.S. dollar led to the rates of the yellow metal staggering at Rs.4,158 from 1 April to 20 April. Half the month went by with the metal standing at this price. Investors had been curiously waiting for the U.S. to release its non-farm payrolls data as they knew that it would be a cue on the impact that the coronavirus had on economies across the world.
    • On 21 April, the price of gold had increased to Rs.4,817 per gram. This was a huge price hike in gold and was led by investors seeking refuge in safe-haven metals. They adhered to this after a huge dip in the oil prices which had in turn, increased the fears over a possible economic recession on an international scale. On 24 April, the prices of gold had stood at Rs.4,727 per gram.
    • There were a lot of fluctuations in the rates of gold over the next few days. On 26 April, the metal had reached Rs.4,757 per gram and the price had jumped to Rs.4,846 per gram on 29 April. The equities had started to strengthen, and people were expecting a lot of economic stimulus measures to be established by banks and this had limited the losses. The economy saw an increase in risk appetite. A lot of stimulus measures had been released by Japan's central bank. Many countries had been easing a few of their restrictions which had been in place for absorbing the impact that the coronavirus was having on the world economy. April had ended with gold being priced at Rs.4,761.

    Trend of Gold Rate in Indore for March 2020 (rates per gram for 24 karat gold)

    Parameter Gold price (24 karat)
    March 1 Rate Rs.4,263 per gram
    March 31 Rate Rs.4,158 per gram
    Highest Rate in March Rs.4,531 per gram on 7 March – 9 March
    Lowest Rate in March Rs.4,116 per gram on 18 March
    Overall Performance Decline
    Percentage Change -2.46%

    Gold Rate Trend in Indore for March 2020:

    • In March, the price of gold at the beginning of the week was Rs.4,263 per gram on 1 March and showed an inclining trend for the first week of the month. After holding steady on 2 March, the price of the metal increased on 3 March at Rs.4,305 per gram and further increased to Rs.4,452 per gram on 5 March. With investors and traders all over the world waiting on the rate cut by the United States Federal Reserve to mitigate the losses due to the effect of COVID-19 on the economy, the price of the metal was on the rise. The metal’s price hit the highest price of the month on 7 March at Rs.4,531 per gram.
    • Gold prices fluctuated heavily in the second week of the month due to mixed trends of the metal in the international market. The price of the metal on 8 March was Rs.4,531 per gram and dipped marginally to Rs.4,494 per gram on 10 March. With traders shifting to cash by selling their assets along with the value of the dollar rising in the economy, investors received mixed signals in the gold trends during this period of time. The price of the metal on 12 March dipped further to Rs.4,478 per gram. From this day, gold prices recorded lower prices until the end of the week. After lowering to Rs.4,457 per gram on 13 March, the price of the metal dipped further to open the following week.
    • Opening at Rs.4,253 per gram on 16 March, the price of the metal dipped throughout the week with most countries already going into a lockdown to prevent the spread of the pandemic virus, COVID-19. Due to the crisis in the market, investors sold off their assets to hoard cash and survive in the panic-stricken market. The price of the metal on 17 March was Rs.4,221 per gram and dipped further to hit the lowest price in the month at Rs.4,116 per gram on 18 March. However, due to temporary safe-haven appeal, the price of the metal increased marginally to be priced at Rs.4,190 per gram on 19 March. However, on 20 March, the price of the metal dipped yet again to be priced at Rs.4,158 per gram and held steady until the week on 24 March.
    • In the last week of the month, with most bullion trading centres shut due to the country being under lockdown, the price of the metal remained steady with no decrease or increase in prices. The metal opened the week at Rs.4,158 per gram on 25 March and closed the month on 31 March at the same price. At the end of March, gold prices recorded an overall monthly decline of 2.46.

    Trend of Gold Rate in Indore for February 2020 (rates per gram for 24 karat gold)

    Parameter Gold price (24 karat)
    February 1 Rate Rs.4,179 per gram
    February 29 Rate Rs.4,358 per gram
    Highest Rate in February Rs.4,410 per gram on 25 February
    Lowest Rate in February Rs.4,132 per gram on 7 February
    Overall Performance Incline
    Percentage Change 4.28%

    Gold Rate Trend in Indore for February 2020:

    • At the beginning of February, the price of gold opened the month at Rs.4,179 per gram in Indore and showed fluctuating trends throughout the month. This was majorly due to the effect of Coronavirus on the global economy. The price of the precious metal decreased in the first week with China liquidating funds to stabilise their economy. Gold prices by 7 February had reduced to Rs.4,132 per gram. The higher risk appetite amongst investors lowered the demand for the yellow metal, thus decreasing prices.
    • By 11 February, the price of the metal had recovered to Rs.4,163 per gram amidst the escalating fears of Coronavirus with new cases appearing in other countries along with the death toll increasing. Gold prices in Indore increased on 14 February to Rs.4,174 per gram and were steady till 18 February. This was majorly due to the strong value of the dollar in the global market which capped the metal’s gains. The price of the metal increased yet again on 21 February at Rs.4,211 per gram.
    • Gold prices saw major gains in the third week of the month. From Rs.4,211 per gram on 19 February to Rs.4,237 per gram 21 February and to Rs.4,358 per gram on 23 February. The increase in prices was due to the spread of Coronavirus with the increase in several cases and the increase in the total death toll globally. The safe-haven demand of the bullion increased globally which resulted in the rise in prices. Gold prices hit the monthly high at Rs.4,410 per gram on 25 February.
    • In the last week of the month, gold prices recorded a low. Due to the constant fluctuations in prices, investors booked profits with increased gold prices. This resulted in a dip in gold prices. At the end of the month, the precious metal decreased and closed at Rs.4,358 per gram with an overall percentage decline of 4.28.

    Trend of Gold Rate in Indore for January 2020 (rates per gram for 24 karat gold)

    Parameter Gold price (24 karat)
    January 1 Rate Rs.3,985 per gram
    January 31 Rate Rs.4,179 per gram
    Highest Rate in January Rs.4,216 per gram on 9 January
    Lowest Rate in January Rs.3,985 per gram on 1 January
    Overall Performance Incline
    Percentage Change 4.86%

    Gold Rate Trend in Indore for January 2020:

    • Opening the month of January at Rs.3,985 per gram, gold prices in Indore increased through the first week of the month. This was majorly due to the escalating tensions in the Middle East, between Yemen and the United States of America. The price of the metal hit its highest on 9 January at Rs.4,216 per gram. The impeachment inquiry into United States President, Donald Trump played a major role in the increase in prices.
    • However, in the second week of the month, as the United States of America and China signed the interim Phase-1 trade deal, investors with increased risk appetite shifted to the stock market, resulting in the dip in gold prices. On 15 January, the price of the metal had declined to Rs.4,074 per gram.
    • The third week of the month saw a marginal incline in the price of gold as investors awaited the developments of the rate cuts to be announced by the United States Federal Reserve. As they took stock of the effect of the deadly Coronavirus outbreak, gold prices remained steady. On 22 January, a gram of gold was priced at Rs.4,116 per gram.
    • There was a major rise in prices in the last week of January as the World Health Organisation declared a World Health Emergency given the rise in number of cases and deaths. At the end of the month, with a percentage incline of 4.86%, the metal closed at Rs.4,179 per gram on 31 January.

    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

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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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