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Jodhpur is a historical city popular among tourists. It is the second-largest in Rajasthan, with a population of more than 1 million. The city is lined with palaces and forts built by the various kings who ruled the land. Jodhpur was founded by Rao Jodha, a Rajput Rathore king who established the kingdom of Marwar in the region.
The popular tourist spots in Jodhpur include: the Mehrangarh Fort, the Jaswant Thada, and the Umaid Bhawan Palace. Several colourful fairs surrounding religious festivals are held in Jodhpur that attract large domestic and foreign tourists. The primary economic activities in Jodhpur are handicrafts, furniture and sporting goods manufacture and textile industry. Gypsum and salt are the key minerals products mined in the Jodhpur region.
Gold prices in Jodhpur
There are only 3 gold fields in India – Hutti and Uti in Karnataka, and Hirabuddini mines in Jharkand. Therefore, much of the gold used in India is imported. Because of this, gold prices follow the international trends. Prices also shoot up during the wedding season because of high demand and limited supply.
Most of the gold bought over the counter in India is in the form of 24-karat gold coins/bars (this is mainly for investment purposes), and jewellery made of 22-karat, 20-karat, 18-karat or 14-karat gold. Of these, 22-karat is the most popular and its prices can be easily tracked. Pure gold is not strong enough to be moulded into ornaments and hence is mixed with silver, copper or nickel.
24-karat gold price: 24-karat gold is the purest form of gold, with a purity of 99.99%. If you wish to buy 10 gram of 24-karat gold in Jodhpur, you will have to pay Rs. 29,690 as on March 11, 2016. This is Rs. 180 higher than the price of gold a week ago. Compared to the price of Rs. 30,374 in the national capital of Delhi, this is Rs. 684 lower.
22-karat gold price: Jewellery is usually made with 22-karat gold, with a purity of 91.6%. The rates of 22-karat gold are lower than that of 24-karat gold because of the decreased purity. If you want to buy 22-karat gold in Jodhpur, you have to shell out Rs. 27,750 for 10 grams (as on March 11). Prices have increased only slightly – around Rs. 200 – over the last 7 days. In Delhi, he price is Rs. 28,400, lower by Rs. 650.
Gold Rate Trend in Jodhpur for October 2017 to December 2017 (per gram of 24 karat gold)
|1st day||Rs.3,109 per gram||Rs.3,087 per gram||Rs.3,068 per gram|
|Last day||Rs.3,087 per gram||Rs.3,078 per gram||Rs.3,086 per gram|
|Highest price||Rs.3,133 per gram from 12 to 16 October||Rs.3,113 per gram on 20 and 21 November||Rs.3,086 per gram on 30 and 21 December|
|Lowest price||Rs.3,073 per gram on 27 and 28 October||Rs.3,057 per gram from 4 to 6 November||Rs.2,990 per gram on 14 December|
Gold Rate Trend in Jodhpur for July 2017 to September 2017 (per gram of 24 karat gold)
|1st day||Rs.2,950 per gram||Rs.2,931 per gram||Rs.2,997 per gram|
|Last day||Rs.2,920 per gram||Rs.2,965 per gram||Rs.3,040 per gram|
|Highest price||Rs.2,950 per gram on 1 July||Rs.2,980 per gram on 29 August||Rs.3,100 per gram on 8 September|
|Lowest price||Rs.2,800 per gram on 14 July||Rs.2,900 per gram from 5 to 8 August||Rs.2,997 per gram on 1 September|
Gold rate trend in Jodhpur for July 2017
- Gold opened at Rs.3,063 per gram, when trading began for the month in Jodhpur.
- Prices surged to touch the highest recorded monthly figure of Rs.3,079 per gram the next day as demand for the yellow metal increased significantly.
- The introduction of GST in the country resulted in an unexpected decline in domestic demand. This resulted in the metal prices falling to Rs.3,016 per gram.
- Gold rate in Jodhpur dropped considerably on the 11th of July with reduced local demand.
- However, prices rose gradually over the next few days and the precious metal was trading at Rs.2,932 per gram during the closing hours on the 16th. The rise in prices was also due to the rising tensions between the US and North Korea.
- Gold prices in Jodhpur surged to Rs.2,965 per gram on the 20th as investors gravitated to safe-haven investments with the India-China border stand-off escalating.
- Thanks to increased buying from investors and retail jewellers, gold rates rose to Rs.3,024 per gram on the 23rd.
- Prices dipped to Rs.2,999 per gram on the 25th as the US dollar regained lost ground, but rates rose marginally the next day to be priced at Rs.3,003 per gram.
- The month of July ended in Jodhpur with the precious metal trading at Rs.3,003 per gram.
- Jodhpur witnessed a decline of 1.95% in gold rate trend during the month as the introduction of GST spurred an unexpected decline in domestic demand.
Gold rate trend in Jodhpur for August 2017
- Gold started off on a steady note priced at Rs.3,003 per gram when the month began.
- However, gold price in Jodhpur dropped on the 4th due to reduced local demand and the metal was trading at Rs.2,998 per gram.
- Poor global, as well as domestic trade, resulted in gold prices dropping to Rs.2,979 per gram on the 7th, which rebounded to touch Rs.3,002 per gram on the 9th as demand for the metal improved with a fall in the dollar rates.
- With speculations of a nuclear war between the US and North Korea, the US economy collapsed and gold rates in Jodhpur spiked to Rs.3,032 per gram on the 13th.
- The rising tensions between the US and North Korea led to safe-haven investments rise globally and prices surged to Rs.3,046 per gram on the 15th.
- Geopolitical tensions boosted demand for the metal and prices rose to Rs.3,053 per gram on the 19th.
- Minor fluctuations in demand over the next few days resulted in a volatile domestic market.
- However, gold rate in Jodhpur dropped significantly to Rs.3,021 per gram on the 29th due to reduced buying from industrial units and coin manufacturers.
- The dollar weakened as the US-North Korea overseas relations worsened and gold was trading at Rs.3,056 per gram on the 31st with high demand for the bullion.
Gold rate trend in Jodhpur for September 2017
- When the month began, the yellow metal was trading at Rs.3,079 per gram on the 1st.
- Demand for the metal dropped gradually during the first week and gold was trading at Rs.3,068 per gram on the 6th - the lowest recorded monthly figure in Jodhpur.
- The 8th witnessed gold rates surging to touch the highest recorded monthly figure of Rs.3,194 per gram as demand for the metal rose in the international market.
- Gold rates fell over the next few days as demand declined gradually due to steady high prices and gold was trading at Rs.3,139 per gram on the 16th.
- Demand for the metal dropped further with the US dollar value building up. This led to gold rate in Jodhpur dropping to Rs.3,112 per gram on the 19th.
- However, the US-North Korean relations worsened, pushing safe-haven investments high and gold was trading at Rs.3,133 per gram the next day.
- Gold price in Jodhpur surged to Rs.165 per gram on the 26th as the arrival of Dussehra spurred an increase in demand for the precious metal.
- Gold rates fell as the US dollar rose towards the end of the month, and the yellow metal was trading at Rs.3,118 per gram on the 29th.
- The month of September ended with gold trading at Rs.3,109 per gram on the 30th.
Gold Rate Trend in Jodhpur 2017 to June 2017 (per gram of 24 karat gold)
|1st day||Rs.3,043 per gram||Rs.3,058 per gram||Rs.3,065 per gram|
|Last day||Rs.3,058 per gram||Rs.3,065 per gram||Rs.3,063 per gram|
|Highest price||Rs.3,118 per gram from 14 April to 16 April||Rs.3,065 per gram on 31 May||Rs.3,099 per gram from 7 June to 10 June|
|Lowest price||Rs.3,038 per gram on 10 and 11 April||Rs.2,976 per gram on 11 and 16 May||Rs.3,047 per gram from 2 June to 6 June|
Gold Rate Trend in Jodhpur for January 2017 to March 2017 (per gram of 24 karat gold)
|1st day||Rs.2,893 per gram||Rs.3,035 per gram||Rs.3,080 per gram|
|Last day||Rs.3,017 per gram||Rs.3,095 per gram||Rs.3,029 per gram|
|Highest price||Rss.3,060 per gram on 23rd and 24th of January||Rs.3,101 per gram from 25th-27th February||Rs.3,080 per gram on 1st and 2nd March|
|Lowest price||Rs.2,841 per gram on 10th and 11th of January||Rs.3,034 per gram on 1st & 2nd February||Rs.2,974 per gram from 15th to 17th of March|
Gold Rate Trend in Jodhpur for January 2017:
- Gold opened the trading for the month of January at Rs.2,893 per gram on January 1st.
- Technical adjustments saw gold prices slip to Rs.2,888 per gram between January 3rd and January 5th.
- A weakened US Dollar saw gold prices rise to Rs.2,937 per gram between January 7th and January 8th to close the first week of trading.
- Gold opened the second week of trading at a stable Rs.2,937 per gram on January 9th.
- A stronger US Dollar saw gold prices drop to Rs.2,841 per gram between January 10th and January 11th.
- Prevailing low prices resulted in technical buying from investors, allowing gold to recover to Rs.2,990 per gram between January 12th and January 15th to close the second week of trading.
- Technical corrections saw gold open the third week of trading at Rs.3,023 per gram on January 16th.
- A marginal increase in domestic demand saw gold prices climb to Rs.3,034 per gram between January 17th and January 20th.
- Technical corrections saw gold prices drop by Rs.10 to Rs.3,024 per gram between January 21st and January 22nd to close the third week of trading.
- An uncertain environment surrounding the US monetary policy saw gold open the fourth week of trading at Rs.3,060 per gram on January 23rd.
- A strengthened US Dollar saw a drop in gold prices to Rs.3,029 per gram between January 26th and January 29th.
- Technical trading saw gold prices drop further to Rs.3,017 between January 30th and January 31st to close the trading for the month of January.
Gold Rate Trend in Jodhpur for February 2017:
- Gold opened trading for the month of February at Rs.3,035 per gram on February 1st.
- Marginal fluctuations saw gold prices at Rs.3,034 per gram between February 4th and February 5th to close the first week of trading.
- Gold opened the second week of trading at Rs.3,044 per gram on February 6th.
- Weak US economic data saw gold prices rise to Rs.3,075 between February 7th and February 9th.
- A drop in domestic demand for gold saw the price of the precious metal slip to Rs.3,048 per gram on February 12th to close the second week of trading.
- Gold opened the third week of trading at Rs.3,044 per gram between February 13th and February 15th.
- Increase in domestic demand saw gold prices climb to Rs.3,070 per gram between February 17th and February 19th.
- Gold opened the fourth week of trading at a stable Rs.3,070 per gram between February 20th and February 24th.
- Safe-haven investing on account of uncertain US economic data saw gold prices rise to Rs.3,101 per gram between February 25th and February 27th.
- Technical corrections saw gold close trading for the month of February at Rs.3,095 per gram on February 28th.
Gold Rate Trend in Jodhpur for March 2017:
- Gold opened trading for the month of March at Rs.3,080 per gram on March 1st.
- A drop in domestic demand saw gold prices slip to Rs.3,056 per gram between March 3rd and March 5th to close the first week of trading.
- Gold opened the second week of trading at a stable Rs.3,056 per gram between March 6th and March 7th.
- Technical corrections saw gold prices slip to Rs.3,044 between March 9th and March 10th.
- Marginal drop in demand for gold saw gold prices slip to Rs.3,023 per gram between March 11th and March 12th.
- Gold opened the third week of trading at a stable Rs.3,023 per gram between March 13th and March 14th.
- A strong US Dollar and dip in global demand for gold saw gold prices plummet to Rs.2,974 per gram between March 15th and March 17th.
- Prevailing low prices saw technical buying from investors, allowing gold to recover to Rs.3,023 between March 18th and March 19th to close the third week of trading.
- Minor technical corrections saw gold open the fourth week of trading at Rs.3,028 per gram on March 20th.
- The failure of a new healthcare bill proposed by President Donald Trump saw Gold climb to Rs.3,060 per gram on March 22nd.
- Technical corrections on account of prevailing prices saw gold trade at Rs.3,050 per gram between March 23rd and March 26th to close the trading for the fourth week.
- Gold opened the final week of trading at Rs.3,065 per gram on March 27th.
- A drop in domestic demand saw gold prices slip to Rs.3,049 per gram on March 30th.
- Technical corrections on account of prevailing prices saw gold close trading for the month of March at Rs.3,029 per gram on March 31st.
|1st day||Rs.3,304 per gram||Rs.3,199 per gram||Rs.2,963 per gram|
|Last day||Rs.3,199 per gram||Rs.3,012 per gram||Rs.2,893 per gram|
|Highest price||Rs.3,304 per gram on 1st October||Rs.3,252 per gram from 3rd-6th November||Rs.2,963 per gram on 1st & 2nd December|
|Lowest price||Rs.3,157 per gram from 7th-13th October||Rs.3,003 per gram on 27th November||Rs.2,800 per gram from 23rd-28th December|
Gold Rate Trend for Jodhpur in October 2016
- Gold prices for the month of October declined overall as demand began to drop towards the end of the month.
- Gold was priced at Rs.3,304 per gram on 1st October but fell to Rs.3,273 per gram on 2nd October due to a drop in industrial demand.
- Prices fluctuated due to market conditions but the trend veered towards a decline in demand.
- The U.S. Dollar performed well on news of a Fed rate hike, which also led to markets recovering, resulting in a drop in demand for gold.
- Prices rose marginally towards the middle of the month as retail demand picked up, though overseas trends continued to point to a decline in demand.
- Gold ended the month trading at Rs.3,199 per gram, registering a loss of 3.17%.
Gold Rate Trend for Jodhpur in November 2016
- Gold prices spiked in the first week of November due to increased demand wing to market instability, but prices dipped for the rest of the month as demand dropped.
- Gold traded at Rs.3,199 per gram on 1st November and rose to Rs.3,252 per gram on 3rd November as market indices fell as the U.S. elections drew near.
- The surprise victory of Donald Trump in the U.S. presidential election and the announcement of the demonetisation of Rs.1,000 and Rs.500 notes led to chaos on the bourses, increasing demand for gold.
- Prices dropped as markets stabilised, with industrial demand falling due to reduced demand from Asian markets.
- The cash shortage led to a drop in retail demand in India, which led to reduced demand from jewellers during the peak season.
- Gold prices continued to drop during the month, trading at Rs.3,012 per gram on 30th November, recording an overall loss of 5.81%.
Gold Rate Trend for Jodhpur in December 2016
- Prices were low for the month of December due to decreased demand from industry and lower than expected demand from the local retail market.
- Gold traded at Rs.2,963 per gram on 1st December as markets continued to rally on positive consumer data.
- The festive season led to increased consumer spending, which boosted markets and led to a drop in demand for safe haven assets like gold.
- Prices fell to a low of Rs.2,800 per gram on 23rd December as both industrial and retail markets saw a reduction in demand.
- Gold recovered as the month ended, trading at Rs.2,893 per gram on 31st December to record a loss of 2.36%.
|1st day||Rs.3,224 per gram||Rs.3,247 per gram||Rs.3,245 per gram|
|Last day||Rs.3,244 per gram||Rs.3,245 per gram||Rs.3,304 per gram|
|Highest price||Rs.3,287 per gram on 7th and 8th July||Rs.3,287 per gram from 23rd-26th August||Rs.3,304 per gram from 27th-30th September|
|Lowest price||Rs.3,207 per gram on 15th July||Rs.3,236 per gram from 8th-14th August||Rs.3,245 per gram on 1st and 2nd September|
|Trend||Increase in price||Decrease in price||Increase in price|
|Change||+0.62% increase||-0.06% decrease||+1.81% increase|
Gold Rate Trend in Jodhpur for July 2016
- The first week of July saw the price of gold stay more or less stable at Rs.3,224 per gram.
- The second week saw gold prices increase on the back of strong demand domestically and a weaker market.
- Prices fell slightly as the markets recovered and demand for bullion fell internationally.
- Stagnant demand led to prices remaining constant for the next week at Rs.3,218 per gram.
- A steady increase in the price due to demand from jewellers domestically led to gold trading at Rs.3,244 per gram.
Gold Rate Trend in Jodhpur for August 2016
- Prices in August were stable as the week began, trading at Rs.3,247 per gram with small gains seen.
- The second week saw prices appreciate slightly as market uncertainty and a fluctuating Dollar drove bullion demand.
- Prices began to slip as the third week began due to strong data from emerging markets but prices recovered towards the end of the week.
- Gold prices rose to their monthly high of Rs.3,290 per gram on the back of fears of a slowdown in Asian markets, leading to demand for gold rising.
- After the initial surge, prices dropped sharply, closing at Rs.3,245 per gram for an overall decrease in price.
Gold Rate Trend in Jodhpur for September 2016
- Gold traded at Rs.3,245 per gram with marginal increases in the first week of September, continuing the previous month’s demand trend.
- The second week saw a sharp increase, with gold trading at Rs.3,291 per gram as demand increased due to the upcoming festive season.
- Prices were stable with slight dips due to fluctuating demand from jewellers and weak international cues.
- Stagnant demand led to prices stabilising at Rs.3,277 per gram before picking up to close at Rs.3,304 per gram.
|1st day||Rs. 2,988 per gram||Rs. 3,147 per gram||Rs.2,934 per gram|
|Last day||Rs. 3,147 per gram||Rs. 2,991 per gram||Rs.3,209 per gram|
|Highest price||Rs. 3,147 per gram on 29th and 30th of April||Rs. 3,169 per gram on 2nd and 3rd of May||Rs.3,212 per gram on 25th June|
|Lowest price||Rs. 2,957 per gram on 4th April||Rs. 2,991 per gram on the 30th and 31st of May||Rs.2,991 per gram on 1st June|
Gold Rate Trend of Jodhpur in April 2016
- In April, gold traded at Rs. 2,988 and remained unchanged till April 3rd.
- The rates then declined on April 4th Rs. 2,957, the lowest for the month.
- Gold prices continued to rise through the month of April but did see a few minor falls.
Gold Rate Trend of Jodhpur in May 2016
- Gold traded at Rs. 3,147 per gram at the start of the month.
- Initially, there was a trend of inclination but that soon changed to a downward trend.
- The month of May ended at Rs. 2,991, which was the lowest price recorded for the month.
Gold Rate Trend of Jodhpur in June 2016
- Post Brexit polls, economic uncertainty throughout the world resulted in a sudden increase in the price of gold.
- Investors rushed to purchase this precious metal as a result of Brexit.
- There was a steady increase noted in the price of gold with few fluctuations seen throughout the month.
- The highest rate at which gold traded at was Rs. 3,209 per gram on the 25th of June.
- A rise of was seen in the price of gold at the end of the month with the lowest price of gold being Rs.2,991 per gram on 1st June.
|1st day||Rs. 2,605 per gram||Rs. 2,781 per gram||Rs. 3,067 per gram|
|Last day||Rs. 2,781 per gram||Rs. 3,067 per gram||Rs. 2,988 per gram|
|Highest price||Rs. 2,788 per gram on January 28th||Rs. 3,067 per gram on February 27th to 29th||Rs. 3,090 per gram on March 2nd to 19th|
|Lowest price||Rs. 2,605 per gram from January 1st to 3rd||Rs. 2,956 per gram on February 17thst||Rs. 2,991 per gram on March 20th to 22nd|
|Change||+ 0.03%||+ 10.28%||- 2.57%|
Gold Rate Trend of Jodhpur in January 2016
- Gold traded at Rs. 2,605 at the start of January 2016.
- Prices were seen rising and falling every few days through the month.
- A slight incline was witnessed on Jan 30th with gold rates at Rs. 2,781.
Gold Rate Trend of Jodhpur in February 2016
- Gold prices started at Rs. 2,781 for February. Prices steadily inclined till 14th February.
- Rates dropped again and 17th February was the lowest rate for the month at Rs. 2,956.
- On February 27th, prices rose to Rs. 3,067 and stayed steady going into March.
Gold Rate Trend of Jodhpur in March 2016
- Gold rates at the start of the month were at Rs. 3,067 per gram and it climbed to Rs. 3,090.
- For most of the month, the rates were constant but started falling on 20th.
- Prices started rising again to Rs. 2,988 on 26th of March and stayed steady all the way to the end of March.
Gold investment in Jodhpur
Indians do not always buy gold as an investment. The yellow metal transcends the boundaries of monetary profits because of the socio-cultural and religious significance attached to it. Gold is auspicious to Indians for weddings and other personal occasions, as well as during festivals and religious ceremonies. The amount of gold a family owns signifies its wealth as well as social status. The savings of a family are stored in gold. But this does not mean that gold is never purchased as an investment. Indians pledge their jewellery whenever the need arises, and some even sell them. Let us look at the main investment options exercised in Jodhpur:
Physical gold: Gold jewellery and gift articles sold in large showrooms and small outlets form the bulk of gold sales in Jodhpur. Keen buyers will purchase gold when the rates are low. However, during the wedding season, price is no bar for gold shopping. Gold bullions and coins are also bought and sold as an investment avenue. Banks and other financial institutions offer high-purity gold coins and bars. But sometimes buyers prefer local gold shops for this as the prices would be lower, though the purity might not be guaranteed.
Market trade: Trade of paper and virtual gold is not very popular in Jodhpur. Those who like to experiment go for Gold Exchange Traded Funds (ETFs), e-gold, Sovereign Gold Bonds, and other similar schemes. The Gold Monetisation Scheme introduced a year ago by the Central Government has not yet picked up pace. An ETF is the safest option as it provides healthy returns and can be traded easily on the stock exchange. Investors and speculators interested in a safe haven can go for gold futures contracts. E-Gold can be traded on the National Spot Exchange and buyers can either physically own their purchase or reinvest it.
Also Check Gold Price in NearBy Cities of Jodhpur
|Gold Rate In Kota||Gold Rate In Udaipur||Gold Rate In Jaipur|
- Also Check: Gold Rate in Rajasthan
Read more on Gold
- Auspicious Days To Buy Gold In 2016
- Global Demand For Gold Driven By Indian Wedding Traditions
- Gold Price Valuation In India
- Lack Of Credibility In India's Hallmarked Jewelleries
- Gold Rate Outlook for India in 2016