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  • Gold Rate In Jammu

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    20 Feb 2017 ₹ 2,850 ₹ 22,800 ₹ 2,999 ₹ 23,992
    19 Feb 2017 ₹ 2,850 ₹ 22,800 ₹ 2,999 ₹ 23,992
    18 Feb 2017 ₹ 2,855 ₹ 22,840 ₹ 3,004 ₹ 24,032
    17 Feb 2017 ₹ 2,845 ₹ 22,760 ₹ 2,994 ₹ 23,952
    16 Feb 2017 ₹ 2,825 ₹ 22,600 ₹ 2,973 ₹ 23,784
    15 Feb 2017 ₹ 2,825 ₹ 22,600 ₹ 2,973 ₹ 23,784
    14 Feb 2017 ₹ 2,835 ₹ 22,680 ₹ 2,983 ₹ 23,864
    13 Feb 2017 ₹ 2,835 ₹ 22,680 ₹ 2,983 ₹ 23,864
    12 Feb 2017 ₹ 2,835 ₹ 22,680 ₹ 2,983 ₹ 23,864
    11 Feb 2017 ₹ 2,820 ₹ 22,560 ₹ 2,967 ₹ 23,736

    *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.

    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 prices in Jammu

    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 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 October 2016 to December 2016 (per gram of 24 karat gold)

    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.

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

    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.

    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%

    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%

    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

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