• Gold Rate In Jammu

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    10 Dec 2018 ₹ 3,025 ₹ 24,200 ₹ 3,176 ₹ 25,408
    09 Dec 2018 ₹ 3,025 ₹ 24,200 ₹ 3,176 ₹ 25,408
    08 Dec 2018 ₹ 3,025 ₹ 24,200 ₹ 3,176 ₹ 25,408
    07 Dec 2018 ₹ 3,045 ₹ 24,360 ₹ 3,197 ₹ 25,576
    06 Dec 2018 ₹ 3,015 ₹ 24,120 ₹ 3,166 ₹ 25,328
    05 Dec 2018 ₹ 3,015 ₹ 24,120 ₹ 3,166 ₹ 25,328
    04 Dec 2018 ₹ 2,980 ₹ 23,840 ₹ 3,129 ₹ 25,032
    03 Dec 2018 ₹ 2,960 ₹ 23,680 ₹ 3,108 ₹ 24,864
    02 Dec 2018 ₹ 2,960 ₹ 23,680 ₹ 3,108 ₹ 24,864
    01 Dec 2018 ₹ 2,960 ₹ 23,680 ₹ 3,108 ₹ 24,864

    *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 prices in Jammu

    Jammu is the winter capital of the northernmost Indian state of Jammu & Kashmir. The city is believed to have been founded by Raja Jamboo Lochan, a 14th century king. The city, also the headquarters of Jammu district, is located on the bank of River Tawi and borders Pakistan in the west. Because of this, insurgency and terrorist intrusions are part of the modern narrative of the city. Jammu’s location amidst mountain ranges of the Shivaliks also makes it vulnerable to these attacks.

    The district’s population as per 2011 census was around 15.30 lakh. The city has a considerable population of Muslims and Hindus, as well as a smattering of Sikhs and followers of other religions. There are several temples, mosques and churches in the city, and Jammu is also a base camp for pilgrims headed to Vaishno Devi. The temple of Bawey Wali Mata (Mahakali), the dargah of Peer Budhan Ali Shah, the Ragunath Temple are among the popular worshipping spots in Jammu. Other historical monuments such as forts, tombs and museums also make Jammu an attractive tourist spot.

    Gold demand in Jammu

    Jammu has its share of jewellery shops, including national brands such as Tanishq and PC Jewellers. More than 50 other gold, silver and diamond jewellery showrooms also do brisk business in the city. The demand for traditional Dogri jewellery with exquisite craftsmanship that uses gold and beads, exists not only in Jammu but also across the country.

    Gold Rate Trend in Jammu for January 2018 to March 2018 (per gram of 24 karat gold)

    Factor

    January

    February

    March

    1st day

    Rs.3,010 per gram

    Rs.3,077 per gram

    Rs.3,113 per gram

    Last day

    Rs.3,066 per gram

    Rs.3,129 per gram

    Rs.3,134 per gram

    Highest price

    Rs.3,120 per gram on 24 and 25 January

    Rs.3,161 per gram on 18 and 19 February

    Rs.3,171 per gram on 25 and 26 March

    Lowest price

    Rs.3,010 per gram from 1 to 3 January

    Rs.3,035 per gram on 9 February

    Rs.3,098 per gram on 19 & 20 March

    Trend

    Incline

    Incline

    Incline

    Change

    1.19%

    1.68%

    0.67%

    Gold Rate Trend in Jammu for January 2018:

    • When the first day of 2018 opened for trading, gold was priced at Rs.3,010 per gram. As demand was low during the initial few days, gold rate in Jammu were on the lower side this month.
    • Prices didn’t change till the 3rd and it remained at Rs. 3,010 per gram as demand was steady and there was very little change in the local market dynamics.
    • Rates, as seen from the 1st to the 3rd, were the lowest for the month.
    • Gold price in Jammu improved over the course of this month, thanks to a shaky US dollar, which pushed investors to invest in the metal.
    • There were a few fluctuations over the third and the fourth week, and gold hit its highest rate for the month on the 24th and the 25th when it traded at Rs.3,120 per gram.
    • Rates, however, fell over the last few days as the US dollar improved its positions and gold demand dropped as a result.
    • A 1.19% incline in gold prices was recorded this month, thanks to a late surge in demand for the precious metal.

    Gold Rate Trend in Jammu for February 2018:

    • Gold rate in Jammu had surged by Rs.11 when February’s trading began and the yellow metal traded at Rs.3,077 per gram on the 1st.
    • This month saw gold prices drop to its lowest figures during the second week owing to poor demand caused by a rising US dollar.
    • On the 9th, gold price in Jammu were at their lowest for the month when it traded at Rs.3,035 per gram.
    • From the 10th onwards gold prices began its slow but steady surge as the local demand seemed to surge consistently.
    • Gold reached its highest monthly figure of Rs.3,161 per gram over the 18th and the 19th as demand from local retailers surged.
    • As demand subsided, gold rates consolidated but still remained in the Rs.3,100 per gram range.
    • On the final day of this month, gold was seen trading at Rs.3,129 per gram.
    • This month saw gold price trends increase by 1.68% buoyed by the strong demand seen during the third week.

    Gold Rate Trend in Jammu for March 2018:

    • March 2018 began with gold trading at Rs.3,113 per gram - a Rs.16 decline from the previous day’s rates.
    • The fall was alarming for investors but the steady and strong demand amid a poor dollar put all the doubts to rest.
    • Gold prices in Jammu were largely steady for the first three weeks but fell to a monthly low figure of Rs.3,098 per gram over the 19th and 20th of this month.
    • Concerns related to the activities carried out by the US caused the dollar to plummet, which pushed gold rates up to Rs.3,171 per gram on the 25th of the month.
    • When the month ended, the yellow metal was priced at Rs.3,134 per gram.

    Gold Rate Trend in Jammu for October 2017 to December 2017 (per gram of 24 karat gold)

    Factor October November December
    1st day Rs.3,063 per gram Rs.3,006 per gram Rs.3,016 per gram
    Last day Rs.3,026 per gram Rs.3,026 per gram Rs.3,020 per gram
    Highest price Rs.3,072 per gram from 12 to 16 October Rs.3,060 per gram from 18 to 20 November Rs.3,036 per gram from 2 to 4 December
    Lowest price Rs.3,026 per gram on 27, 30 and 31 October Rs.3,006 per gram on 1 November Rs.2,910 per gram on 11 to 13 December
    Trend Decline Incline Incline
    Change -1.20% 0.66% 0.13%

    Gold Rate Trend in Jammu for October 2017:

    • The price of gold in Jammu was a steady Rs.3,063 per gram as the month began.
    • A decrease in price was recorded due to fluctuations in the market, with the price dropping to Rs.3,028 per gram on 6th October.
    • Strong equity markets as well as a stable U.S. Dollar kept demand for gold muted overseas, leading to flat trading in the metal.
    • The festive season and Diwali also failed to impact gold prices, which remained low for most of the month.
    • Uncertainty over the U.S.’s trade negotiations and sluggish local demand kept prices low towards the end of the month.
    • Gold price in Jammu dropped to a monthly low of Rs.3,026 per gram from 27th-30th October as steady equity markets as well as a decline in interest in bullion resulted in gold prices stagnating.
    • The month ended with gold recovering marginally to close trading at Rs.3,026 per gram on 31st October and register a loss of 1.20%.

    Gold Rate Trend in Jammu for November 2017:

    • The month of November saw the price of gold rise to Rs.3,006 per gram on 1 November as demand picked up following a lean period.
    • International markets were unstable after the U.S. Dollar dropped, resulting in greater local demand for the metal.
    • Prices began to rise towards the middle of the month as local jewellers and retail demand picked up.
    • Persistently low dollar rates as well as the festive season led to a surge in demand for gold, which led to the metal trading at Rs.3,060 per gram on 18th November.
    • Gold price in Jammu were more or less steady as the month wore on, due in part to increased orders by local jewellers.
    • Political uncertainty and the rising rhetoric against North Korea led to a loss in investor confidence in equities, which also drove higher demand for gold.
    • Gold Price in Jammu dropped marginally as the month came to a close, with gold trading at Rs.3,026 per gram on 30th November to register a rise of 0.66%.

    Gold Rate Trend in Jammu for December 2017:

    • The last month of the year saw demand for gold fluctuate due to geopolitical factors and sharp price discrepancies.
    • Gold opened the month trading at Rs.3,016 per gram, with prices falling as markets recovered after a period of geopolitical turmoil in the United States.
    • Local demand kpet prices steady in the face of a global decline in demand for gold, though prices continued to drop.
    • Prices kept fluctuating as demand from Asian nations was weak as analysts anticipated further drops in the price of the precious metal.
    • Gold continued to make slight losses as the month ended on 31st December, with the metal priced at Rs.2,020 per gram.

    Gold Rate Trend in Jammu for July 2017 to September 2017 (per gram of 24 karat gold)

    Factor July August September
    1st day Rs.2,992 per gram Rs.2,960 per gram Rs.3,024 per gram
    Last day Rs.2,950 per gram Rs.2,999 per gram Rs.3,063 per gram
    Highest price Rs.2,992 per gram on 1 and 2 July Rs.3,017 per gram on 28 August Rs.3,130 per gram on 8 September
    Lowest price Rs.2,843 per gram on 12 and 13 July Rs.2,930 per gram on 3 August and from 5 to 7 August Rs.3,024 per gram on 1 September
    Trend Decline Incline Incline
    Change -1.4% 1.31% 1.29%

    Gold Rate Trend in Jammu for July 2017:

    • Gold rate in Jammu opened on a high of Rs.2,992 per gram on the 1st of July.
    • The 1st and the 2nd saw a considerably higher rate of gold purchases as the newly legalised GST hadn’t yet taken hold of the market.
    • From the 3rd onwards, however, gold prices in Jammu began to be impacted by the 3% GST levied on all gold purchases.
    • GST put a halt to positive investor sentiments, which led to gold rates falling for vast majority of this month.
    • The yellow metal’s prices saw significant decreases as it traded at Rs.2,942 per gram on the 4th, which then went down to Rs.2,902 per gram by the end of 9th July.
    • Gold prices in Jammu fell further to Rs.2,872 per gram on the 11th before recording a monthly low figure of Rs.2,843 per gram on the 13th of July.
    • The fall in prices occurred despite the US dollar being hit by the US president Donald Trump’s Russia-related scandal.
    • Gold trading remained low yet steady with the metal seen trading at Rs.2,883 per gram by the end of July 20.
    • The last ten days saw gold rates bounce back as bullion trading was propped up by a weak dollar and a relatively improving domestic outlook.
    • When the month ended, gold was priced at Rs.2,950 per gram - a Rs.42 decline from the first day’s rates.

    Gold Rate Trend in Jammu for August 2017:

    • In August, gold trading improved as local off take from jewellers and investors surged despite weak demand globally.
    • On the 1st of August, gold was priced at Rs.2,960 per gram, which was a slight improvement from the previous day’s rates.
    • The lowest rate of Rs.2,930 per gram for the month was recorded between the 3rd and the 7th of the month despite weak dollar performance.
    • Gold prices in Jammu improved from then on, hitting Rs.2,999 per gram on the 11th but fluctuating due to weak demand for the subsequent week.
    • Rates reached a monthly high of Rs.3,017 per gram on the 28th as demand from local circles as buying intensified.

    Gold Rate Trend in Jammu for September 2017:

    • During September, price of gold in Jammu improved, thanks to positive cues worldwide.
    • Jammu When the month began, gold was priced at Rs.3,024 per gram - which was the lowest gold rate for the entire month.
    • Gold rates in Jammu reached a monthly high of Rs.3,130 per gram as the North Korean administration confirmed rumours of its latest nuclear test.
    • Prices consolidated towards the end of the month as the US greenback made a comeback.
    • When the month ended, gold prices in Jammu were recorded at Rs.3,063 per gram.
    • There was a 1.29% increase in price trends this month, which was the result of a weak US market.

    Gold Rate Trend in Jammu for April 2017 to June 2017 (per gram of 24 karat gold)

    Factor April May June
    1st day Rs.2,991 per gram Rs.3,011 per gram Rs.3,012 per gram
    Last day Rs.3,011 per gram Rs.2,992 per gram Rs.2,992 per gram
    Highest price Rs.3,068 per gram on 15 April and 16 April Rs.3,011 per gram on 1 May and 2 May Rs.3,057 per gram on 7 June
    Lowest price Rs.2,983 per gram from 8 April to 10 April Rs.2,918 per gram from 11 May to 15 May Rs.2,982 per gram from 17 June to 22 June
    Trend Rise Decline Decline
    Change 0.66% -0.63% -0.66%

    Gold rate trend in Jammu for April 2017

    • Gold opened at Rs.2,991 per gram on 1 April in Jammu, with this rate remaining steady until 3 April.
    • From 4 April until 9 April, the value of the U.S. dollar reduced, thereby increasing the demand for this yellow metal. As a result, gold traded at Rs.3,003 per gram from 4 April until 7 April. Additionally, the demand for gold in Jammu was also stable during this period.
    • This price was not sustained and the rate of gold plunged from 8 April to 10 April in Jammu. This precious metal traded at Rs.2,983 per gram during the above three days and was also the lowest at which gold was priced for the month of April.
    • Socio-political crisis led to a marginal incline in the demand for this metal. Gold was priced at Rs.2,998 per gram on 11 April and increased thereafter.
    • The rate of gold was steady at Rs.3,068 per gram of 15 and 16 April which was also the highest at which gold was priced for the month in Jammu.
    • Towards the end of the month of April, this yellow metal was priced at Rs.3,011 per gram steadily and an incline of 0.66% was noted in the rate.

    Gold rate trend in Jammu for May 2017

    • Gold traded at Rs.3,011 per gram on 1 May in Jammu, which was a continuation of the rate noted during the month of April. This was also the highest at which gold was priced for the month of May.
    • During the next few days however the rate of gold were quite low due to reducing demand for safe-haven bullion as the U.S. dollar gained as compared to the yen and Asian equities had rallied.
    • The rate of gold was steady at Rs.2,952 per gram from 4 May to 7 May in Jammu and reduced by Rs.10 the next day.
    • The rate of gold continued to reduce and plunged to a monthly low of Rs.2,918 per gram from 11 May to 15 May.
    • The rate of gold was also impacted by Emmanuel Macron, a pro-EU candidate’s win in the French presidential elections.
    • The price of this yellow metal increased as weak manufacturing data from the U.S. reduced expectations of an interest rate hike by the U.S Federal Reserve.
    • Towards the end of the month, the demand for this metal reduced and gold traded steadily at Rs.2,992 per gram from 26 May to 31 May, recording a decline of 0.63% in the rate of this metal in Jammu.

    Gold rate trend in Jammu for June 2017

    • Gold was priced at Rs.3,012 per gram on 1 June in Jammu and stayed steady at this rate the next day as well.
    • An increase of Rs.10 was noted in gold rate over the next two days before rising to trade at Rs.3,022 per gram until 4 June.
    • Gold traded at Rs.3.57 per gram on 7 June which was the highest at which gold was priced for the month, in Jammu.
    • Due to a weaker dollar and increased demand the rate of gold was relatively high at Rs.3,007 per gram from 10 June to 15 June.
    • As the weeks progressed, there were a few fluctuations noted in the rate of gold due to variations in the demand as well as geopolitical factors.
    • Towards the end of the month, this precious metal traded at Rs.2,992 per gram recording a decline of 0.66% in the rate of gold in Jammu.

    Gold Rate Trend in Jammu for January 2017 to March 2017 (per gram of 24 karat gold)

    Factor January February March
    1st day Rs.2,844 per gram Rs.2,978 per gram Rs.3,009 per gram
    Last day Rs.2,958 per gram Rs.3,020 per gram Rs.2,991 per gram
    Highest price Rs.2,979 per gram from 23rd of January to 24th of January Rs.3,031 per gram from the 25th of February to 27th of February Rs.3,009 per gram on the 1st and 2nd of March
    Lowest price Rs.2,844 per gram from the 1st of January to the 3rd of January Rs.2,957 per gram from the 4th of February to the 6th of February Rs.2,950 per gram on the 15th of March
    Trend Incline Incline Decline
    Change 4.0084% 1.41% -0.60%

    January 2017

    • Gold started the year 2017 at a strong Rs.2,844 per gram, on account of technical buying despite a strong US Dollar on January 1st.
    • An increase in demand saw Gold climb to Rs.2,855 per gram on January 4th.
    • Healthy global demand saw Gold climb to Rs.2,866 per gram on January 5th.
    • US stocks saw a slump as energy shares dropped along with the price of crude oil, allowing Gold to climb to Rs.2,888 per gram in its second week of trading on January 10th.
    • Uncertainty surrounding the US monetary policy saw Gold further climb to Rs.2,925 per gram on January 12th.
    • Concerns amid Britain’s exit from the European Union saw the global spot price of Gold climb to Rs.2,952 per gram to open the third week of trading on January 16th and January 17th.
    • Uncertainty over a Federal Interest Rate hike saw the US Dollar slump, causing Gold to climb to an 8-week high of Rs.2,973 per gram on January 18th.
    • On the 23rd of January Gold reached a 2-month high of Rs.2,979 per gram amid uncertainty of the future US monetary policy.
    • Technical corrections caused Gold to slip to Rs.2,946 per gram on January 27th.
    • A weak US Dollar and sluggish economic data from the US saw Gold prices climb to Rs.2,967 per gram on January 30th.
    • Gold closed the month’s trade at Rs.2,958 per gram on January 31st.

    February 2017

    • Gold opened the month’s trading at Rs.2,978 per gram on February 1st.
    • Uncertainty over the upcoming French election, weak industrial data from Germany and a strong US Dollar saw Gold slip to Rs.2,957 per gram to close the week’s trading on February 5th.
    • A boost in demand from retailers, jewellers and investors saw Gold prices edge up to Rs.2,999 per gram on February 7th.
    • Sustained demand for Gold saw prices further climb to Rs.3,009 per gram on February 8th, 9th and 10th.
    • The US Dollar strengthening against the Japanese Yen saw Gold prices slip to Rs.2,983 per gram on February 11th.
    • Gold remained stable and closed the second week’s trading at Rs.2,983 per gram on February 12th.
    • Gold opened the third week of trading at Rs.2,983 per gram on February 13th.
    • Technical corrections saw Gold slip to Rs.2,973 per gram on February 14th and February 15th.
    • A weakened US Dollar saw Gold climb to Rs.3,004 per gram on February 17th.
    • Gold held firm at Rs.2,999 per gram to close the week’s trade on February 19th.
    • Gold opened the fourth week of trading at a stable Rs.2,999 per gram on February 20th.
    • A struggling US Dollar amid uncertainty pertaining to the US monetary policy saw Gold climb to weekly high of Rs.3,031 per gram on February 25th.
    • A marginally strengthened US Dollar saw Gold prices slip to Rs.3,020 per gram to close the month’s trade on February 28th.

    March 2017

    • A stronger US Dollar saw Gold open trading on March 1st at Rs.3,009 per gram.
    • Expectations of a US Federal Interest Rate hike in March saw Gold slip to Rs.2,990 per gram between March 3rd and March 6th.
    • A weak demand domestically saw Gold prices slip to Rs.2,965 per gram on March 10th.
    • A stronger US Dollar and a weak global demand saw domestic prices of Gold fall to Rs.2,951 per gram on March 14th.
    • A marginally weakened US Dollar saw Gold prices rise to Rs.2,971 per gram on March 18th and March 19th.
    • The failure of a new healthcare bill proposed by President Donald Trump saw Gold climb to Rs.3,003 per gram on March 22nd and March 23rd.
    • Technical corrections caused Gold to slip to Rs.2,993 per gram between March 24th and March 26th.
    • A strong demand for Gold allowed it to recover to Rs.3,003 per gram between March 27th and March 30th.
    • Technical corrections caused Gold to drop to Rs.2,991 per gram to close the month’s trading on March 31st.
    Factor October November December
    1st day Rs.3,205 per gram Rs.3,099 per gram Rs.2,893 per gram
    Last day Rs.3,099 per gram Rs.2,941 per gram Rs.2,844 per gram
    Highest price Rs.3,205 per gram from 1st-4th October Rs.3,213 per gram on 5th & 6th November Rs.2,893 per gram on 1st & 2nd December
    Lowest price Rs.3,088 per gram from 6th-25th October Rs.2,929 per gram from 25th-27th November Rs.2,800 per gram from 23rd-28th December
    Trend Decline Decline Decline
    Change -3.30% -5.09% -1.69%

    Gold Rate Trend for Jammu in October 2016

    • Gold prices in Jammu were stable but lower than expected as the month began, trading at Rs.3,205 per gram on reduced demand from industry and jewellers.
    • Fears over increased scrutiny of bullion purchases led to a slight decline in demand in the retail sector, though industrial demand was consistent.
    • A drop in demand overseas led to demand stagnating over the next two weeks, with gold trading at Rs.3,088 per gram from 6th-25th October.
    • Prices rose marginally as the month ended, with gold trading at Rs.3,099 per gram on 31st October, registering an overall loss of 3.30%.

    Gold Rate Trend for Jammu in November 2016

    • The price of gold in November saw some increases, though prices dropped towards the middle of the month after an initial rally.
    • Gold traded at Rs.3,099 per gram on 1st November and rose to Rs.3,211 per gram on 9th November on strong demand following the announcement of the demonetisation of large currency notes.
    • The surprise victory of Donald Trump in the U.S. presidential election led to markets falling, which led to an increased demand for gold.
    • Prices fell due to a currency shortage in India and a rally by markets overseas.
    • Gold prices failed to recover from the slump in demand, resulting in gold trading at Rs.2,941 per gram on 30th November, amounting to a 5.09% decline in price.

    Gold Rate Trend for Jammu in December 2016

    • The last month of the year saw prices continue to drop due to a decrease in demand.
    • Gold traded at Rs.2,893 per gram on 1st December as demand rose marginally on market fluctuations.
    • An increase in retail demand led to markets and currencies rising, which led to a reduction in demand for gold, pushing prices lower.
    • The currency shortage led to lower than usual demand for gold during the festive season, which kept domestic prices low.
    • Gold fell to a quarterly low of Rs.2,800 per gram in 23rd December, but recovered marginally to close the year at Rs.2,844 per gram.
    • Gold prices fell by 1.69% during the month of December.
    Factor July August September
    1st Day Rs.3,167 per gram Rs.3,219 per gram Rs.3,184 per gram
    Last Day Rs.3,219 per gram Rs.3,205 per gram Rs.3,217 per gram
    Highest Price Rs.3,227 per gram from 7th-9th July Rs.3,248 per gram on 4th and 10th August Rs.3,228 per gram from 7th-12th September
    Lowest Price Rs.3,163 per gram on 22nd July Rs.3,206 per gram from 7th-9th August Rs.3,184 per gram on 1st September
    Trend increase in price Decrease in price Increase in price
    Change +1.64 % increase -0.43% decrease +1.03% increase

    Gold Rate Trend for Jammu in July 2016

    • Gold traded at Rs.3,167 per gram in the first week of July, with positive market trends leading to the price rising.
    • There was a slight slump in prices due to lowered demand during the second week, with prices dropping.
    • Prices remained low due to stagnant domestic demand and similar trends overseas, trading at Rs.3,163 per gram.
    • Gold rates rose marginally as the week progressed as demand picked up., trading at Rs.3,178 per gram.
    • Prices stabilised as the month ended, with gold trading at Rs.3,219 per gram.

    Gold Rate Trend for Jammu in August 2016

    • Gold traded at Rs.3,219 per gram for the first week, with prices stabilised due to flat demand.
    • Prices rose sharply to Rs.3,248 per gram at the start of the second week, but demand stabilised and price settled at Rs.3,206 per gram.
    • As markets were unstable, demand for gold rose, resulting in prices increasing marginally.
    • Overseas cues led to a slight drop in demand, with prices falling in the third week of August.
    • Prices maintained a marginal increase as the month ended, with gold trading at Rs.3,205 per gram.

    Gold Rate Trend for Jammu in September 2016

    • Gold prices slumped further on poor domestic demand and weak international cues, but demand picked up as the week ended.
    • Gold traded at Rs.3,228 for the second week as prices remained constant for the most part of the week.
    • Market fluctuations led to a slight rise in price but weak international demand resulted in prices staying low.
    • The third week saw gold trading at Rs.3,195 per gram for most of the week, buoyed by strengthening demand.
    • A resurgent market led to demand for gold falling, with gold trading at Rs.3,217 per gram.
    Factor April May
    1st day Rs. 2,943 per gram Rs. 3,119 per gram
    Last day Rs. 3,119 per gram Rs. 2,960 per gram
    Highest price Rs. 3,119 per gram on 30th of April Rs. 3,120 per gram on 7th to 9th of May
    Lowest price Rs. 2,943 per gram on 1st to 4th April Rs. 2,960 per gram on the 28th to the 31st of May
    Trend Rising Decline
    Change + 5.98% -5.09%

    Gold Rate Trend of Jammu in April 2016

    • Gold rates started at Rs. 2,943 per gram for the month of April.
    • The rates fluctuated throughout the month rising and falling every few days.
    • The rates end at a high of Rs. 3,119 per gram marking a 5.98% increase.

    Gold Rate Trend of Jammu in May 2016

    • Gold rates were at Rs. 3,119 at the start of May.
    • Prices fluctuated throughout the month with the highest at Rs. 3,120 on the 7th to the 9th of May.
    • The prices dropped to Rs. 2,960 by the end of the month with a decline of 5.09%.
    Factor January February March
    1st day Rs. 2,585 per gram Rs. 2,756 per gram Rs. 3,030 per gram
    Last day Rs. 2,756 per gram Rs. 3,037 per gram Rs. 2,948 per gram
    Highest price Rs. 2,772 per gram on January 28th Rs. 3,049 per gram on February 26th Rs. 3,030 per gram on March 1st – 14th
    Lowest price Rs. 2,580 per gram from January 2nd - 4th Rs. 2,756 per gram on February 1st Rs. 2,940 per gram on March 15th – 17th
    Trend Rising Rising Decline
    Change + 6.61% + 10.19% - 2.70%

    Gold Rate Trend of Jammu in January 2016

    • Gold traded at Rs. 2,585 at the start of the month falling to Rs. 2,580 for the next three days.
    • Prices picked up again on January 7th at Rs. 2,681. It dropped and picked up to the same rate on January 14th.
    • Prices continued to fluctuate but showed a pattern on incline ending at Rs. 2,756.

    Gold Rate Trend of Jammu in February 2016

    • Gold remained unchanged at Rs. 2,756 per gram on 1st of February.
    • Prices fluctuated through the month of February but showed an increase overall.
    • The highest price recorded this month was on 26th February at Rs. 3,049 after which it started to decline again.

    Gold Rate Trend of Jammu in March 2016

    • Gold rates remained at a high rate of Rs. 3,030 and remained constant for the first two weeks.
    • Prices started dropping from March 15th at the lowest for the month at Rs. 2,940
    • Prices fluctuated but finally dropped to Rs. 2,948 on 25th March and remained unchanged for the rest of the month.

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

    Factor April May
    1st day Rs. 2,943 per gram Rs. 3,119 per gram
    Last day Rs. 3,119 per gram Rs. 2,960 per gram
    Highest price Rs. 3,119 per gram on 30th of April Rs. 3,120 per gram on 7th to 9th of May
    Lowest price Rs. 2,943 per gram on 1st to 4th April Rs. 2,960 per gram on the 28th to the 31st of May
    Trend Rising Decline
    Change + 5.98% -5.09%

    Indians consider gold as an investment as well as auspicious and an adornment. We buy gold articles and ornaments for weddings, birthdays, anniversaries as well as religious occasions. Almost every Indian household invests in gold in the form of either jewellery or gold coins. Gold is like a store of money for Indians – we do not hesitate to pledge our jewellery or sell it off in times of monetary crisis.

    Gold rates depend on both the supply and demand for gold and gold products in the economy. It follows the demand-supply fundamentals – if demand is high and supply is low, we’ll see higher prices, while excess supply and low demand would lead to lower prices. However, since much of gold in India is imported, any fluctuations in international gold prices will also affect the prices of the precious metal here. The prices go up especially during the wedding season, as large-scale purchasing of gold jewellery and gift items occurs during that time.

    Gold is primarily consumed in 24-karat (99.9% purity) for gold bars and coins, and in 22-karat (91.6% purity) for gold jewellery. Ornaments are also made of 20-karat, 18-karat and 14-karat versions. These, however, are not very popular as the resale value would be lower than that of 24- and 22-karat gold.

    24-karat gold prices: As on March 9, 2016, 24-karat gold is priced at Rs. 30,321 in Jammu. On March 1, the price stood at Rs. 29,950. This means that in just 9 nine days, gold has gained Rs. 424 – or 1.42 percent – in the city. Also this price is only slightly lower than the price of gold in New Delhi, which was Rs. 30,374 on March 9. This indicates that prices in Jammu follows the national and international patterns of gold rates.

    22-karat gold prices: Customers looking to purchase gold in Jammu would have to shell out Rs. 28,350 for 22-karat gold (as on March 9). This commodity was available for Rs. 28,000 at the beginning of the month – registering a rise of Rs. 350 (1.25 percent). The price rise of 22-karat gold has, therefore, been slower in Jammu compared to that of 24-karat gold. Gold rate in Delhi on March 9 was Rs. 28,400, barely Rs. 50 more than the rate in Jammu.

    Gold investment in Jammu

    Investment in gold is made in two major forms in Jammu, as in most other cities in the country:

    Over-the-counter: Jewellery and articles are the most popular forms of investment in gold in Jammu. People buy jewellery and gold items that are sold or pawned when they need money urgently. The tendency would be to buy gold at lower prices and sell them or pawn them when the prices are high.

    Market trade: Several trading options on gold are available in the market these days. These include gold exchange traded funds (ETFs), e-gold, gold coins and bars, and sovereign gold bonds. Though these are not very popular in Jammu currently, enterprising individuals have been experimenting and making the most of the benefits associated with these forms of investment.

    Also Check Gold Price in NearBy Cities of Jammu

    Gold Rate In Chandigarh Gold Rate In Srinagar Gold Rate In Ludhiana
    Gold Rate In Shimla Gold Rate In Delhi

    Read more on Gold

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    Gold Rate In Other Major Cities
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