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  • Gold Rate In Karnal

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    07 Dec 2016 ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
    06 Dec 2016 ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
    05 Dec 2016 ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
    04 Dec 2016 ₹ 2,765 ₹ 22,120 ₹ 2,887 ₹ 23,096
    02 Dec 2016 ₹ 2,765 ₹ 22,120 ₹ 2,893 ₹ 23,144
    01 Dec 2016 ₹ 2,810 ₹ 22,480 ₹ 2,941 ₹ 23,528
    30 Nov 2016 ₹ 2,810 ₹ 22,480 ₹ 2,941 ₹ 23,528
    29 Nov 2016 ₹ 2,810 ₹ 22,480 ₹ 2,941 ₹ 23,528
    28 Nov 2016 ₹ 2,810 ₹ 22,480 ₹ 2,941 ₹ 23,528
    27 Nov 2016 ₹ 2,800 ₹ 22,400 ₹ 2,929 ₹ 23,432

    *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.

    Karnal is an important rice-producing region of Haryana, lies within the National Capital Region that includes New Delhi. The city has proud historical antecedents, believed to have been founded by Karna of the Mahabharata. It has passed through the reigns of Nadir Shah, the Marathas, Raja Gopal Singh of Jind and Raja Gurdit Singh of Ladwa, before the British took over the administration.

    Karnal is dotted with historical monuments such as tombs of emperors and saints, temples and churches, and a fort. It was a walled city up to 1862, when the fort was given over to the Education Department. The city is the headquarters of Karnal district and has a population of more than 3 lakh as per the 2011 census.

    Gold prices in Karnal

    Gold is an important commodity in Indian households, and Karnal is no exception to this preference. People of Karnal buy gold to wear on occasions such as weddings and parties, as well as give gold jewellery as gift on birthdays and anniversaries. Gold is also popular as an investment avenue. Those who use gold or ornamental purposes also purchase rolled gold or gold-plated jewellery. These ornaments generally contain about 1% of gold that is polished on to the surface.

    Karnal’s gold rates generally follow a pattern of being lower than the prices of the precious metal in its neighbour and the country’s capital, New Delhi. Without any local gold production, Karnal depends on imported gold to meet its needs. Hence, fluctuations in international gold prices are reflected in the prices seen in Karnal.

    The prices for 24-karat and 22-karat gold differ here just like in any other place in the country. While 24-karat gold is bought by jewellers and those investing in gold coins and bars, 22-karat gold is favoured by consumers buying jewellery. Pure gold comes at 24 karat. The 22-karat gold is mixed with 2 parts of silver, nickel, copper or other metals to form a stronger and more durable alloy to make ornaments and gold articles with.

    24-karat gold prices: The price of 10 grams of 24-karat gold in Karnal as on March 9, 2016, was Rs. 29,910, up by Rs. 910 from 10 days ago (February 28, 2016), when it was Rs. 29,000. This means that gold saw an appreciation of around 3.14 percent in just 10 days. Comparatively, the price of 24-karat gold in Delhi was Rs. 30,374 on March 9.

    22-karat gold prices: The rate of growth of gold prices or 22-karat gold seems to be higher than that for 24-karat gold in Karnal. The higher demand for jewellery and manufactured gold articles could be one of the reasons for this difference. On March 9, 10 grams of 22-karat gold cost Rs. 27,750 in Karnal, 4.01 percent higher than the Rs. 26,680 registered on February 28. The gold rate in Delhi on March 9, on the other hand, stood at Rs. 28,400.

    Gold Rate Trend in Karnal 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 to 9th July Rs.3,248 per gram on 4th August and 10th August Rs.3,228 per gram from 7th September to 12th September
    Lowest price Rs.3,167 per gram on 1st July Rs.3,205 per gram from 26th to 31st August Rs.3,184 per gram on 1st and 2nd September
    Trend Incline Decline Incline
    Change +1.64 % -0.43% +1.04%

    Gold Rate Trend of Karnal in July 2016

    • Gold traded at Rs.3,167 per gram on 1st July.
    • Prices rose slightly on the 2nd and remained stable at Rs.3,203 until the 4th after which fluctuations were recorded over the next two days.
    • Prices remained constant at Rs.3,227 from the 7th to the 9th of the month thanks to firming trends making it the highest rate in July.
    • Consistent declines over the next three days saw prices drop and remain stable at Rs.3,199 between the 13th and 21st of July.
    • Prices rose gradually until the end of July and the precious metal closed the month at Rs.3,249 per gram.
    • The overall increase in price over the course of the month was 1.64%.

    Gold Rate Trend of Karnal in August 2016

    • The rate of gold per gram on the 1stt of August was recorded at Rs.3,219 and remained stable until the 3rd of the month.
    • Fluctuations over the next three days saw prices settle at Rs.3,206 on the 6th, remaining constant until the 9th.
    • Fluctuations ensued over the next week before gaining stability at Rs.3,238 from the 18th to the 24th.
    • Declines on the next two days as well meant that prices would settle at Rs.3,205 from the 26th to the 31st of August.
    • Overall, prices declined by 0.43% between the start and end of August.

    Gold rate trend of Karnal in September 2016

    • Gold traded at Rs.3,184 per gram on 1st and 2nd September, which was the lowest rate for this month.
    • Prices rose and remained constant from 3rd to 5th September at Rs.3,195.
    • Prices fell consistently during September and remained stable for short periods before fluctuating again.
    • Prices remained constant from the 22nd until the 28th at Rs.3,227 and closed September at Rs.3,217 per gram.

     Gold Rate trend in Karnal for April 2016 to June 2016 (per gram of 24 karat gold)

    Factor April May June
    1st day Rs. 2,943 per gram Rs. 3,119 per gram Rs.2,991 per gram
    Last day Rs. 3,119 per gram Rs. 2,960 per gram Rs.3,167 per gram
    Highest price Rs. 3,119 per gram on 30th April, 2016 Rs. 3,120 per gram from 7th-9th May, 2016 Rs.3,182 per gram on 28th and 29th June
    Lowest price Rs. 2,943 per gram from 1st-4th April, 2016 Rs. 2,960 per gram from 28th-31st May, 2016 Rs.2,950 per gram from 2nd June to 5th June
    Trend Prices rose marginally Prices fell Rising
    Change +5.98% increase - 5.09% decrease +7.86%

    Gold Rate Trend in Karnal in April 2016

    • April saw a marginal increase at the start of the month compared to the previous month with gold trading at Rs. 2,943.
    • Demand soared with rates increasing after the jeweller’s strike was called off.
    • Prices fluctuated through the month with demand dropping internationally.
    • Rates finally increased again marking an overall increase of 5.98% for the month with gold trading at Rs. 3,119 per gram.

    Gold Rate Trend in Karnal in May 2016

    • Continuing the trend from April, going into May, gold traded at the same steady rate of Rs. 3,119 per gram.
    • Gold rates seemed spooked by the increased speculation of an interest rate hike by the U.S. Federal Reserve.
    • Rates dropped with a declining trend continuing through the month.
    • Domestic demand was not able to cover the global market trends.
    • The month closed with gold trading at Rs. 2,960, a decline of 5.09%.

    Gold Rate Trend of Karnal in June 2016

    • A steady increase in gold prices was recorded in the month of June thanks to stronger overseas trends in addition to increase in industrial demand.
    • Despite marginal declines on certain days of the month, the value of the precious metal increased consistently as the month progressed, and the highest rate in June was recorded on the 28th and 29th when prices soared to Rs.3,182.
    • The overall increase in prices between the first and last day of the month was Rs.176.

    Gold Rate Trend in Karnal for January 2016 to March 2016 (per gram of 24 karat gold)

    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 28th January Rs. 3,049 per gram on 26th February Rs. 3,030 per gram from 1st to 14th March
    Lowest price Rs. 2,580 per gram from 2nd to 4th January Rs. 2,756 per gram on 1st February Rs. 2,940 per gram from 15th to 17th March
    Trend Prices Increased Prices Increased Prices Decreased
    Change +6.61% +10.19% -2.70%

    Gold Rate Trend in Karnal in January 2016

    • Gold rates were at Rs. 2,585 for a gram on January 1st, 2016.
    • Increase in demand by jewellers in the domestic market set a trend of incline in the second week.
    • With the wedding season blooming, demand increased further raising gold prices.
    • The last week of January saw a slight decline with prices dropping to Rs. 2,756 per gram

    Gold Rate Trend in Karnal in February 2016

    • February gold rates started at Rs. 2,756.
    • Due to global demand, prices remained relatively steady.
    • Rates increased marking the highest at Rs. 3,049 per gram on 26th February.
    • The overall increase for the month was 10.29% indicating a growing trend and increased demand.

    Gold Rate Trend in Karnal in March 2016

    • Gold traded at Rs. 3,030 at the start of the month, and stayed steady for two weeks.
    • Demand fell nationwide due to the jewellers’ strike which lasted a month.
    • The constant prices can be attributed to the strike.
    • The final week of March saw a declining trend ending at Rs. 2,948 per gram.

    Gold demand in Karnal

    There are no reliable figures available to tell us the quantum of demand for gold in Karnal. However, a quick look at the gold jewellery showrooms in the city reveals that the appetite for gold in Karnal is high. National brands such as Tanishq and Gitanjali have their outlets in Karnal. Apart from them, there are over 50 medium-to-small jewellers running brisk business in the city. Since Karnal city is the district headquarters, people from the rural areas and the nearby towns also flock to the city to buy their ornaments.

    Gold investment in Karnal

    The people of Karnal invest in gold in two major forms:

    Over-the-counter: An average Indian’s idea of investment in gold is to buy jewellery and sell it off or pawn it for loans when in need of money. Karnal is no different from other cities in following this trend. The number of jewellers and pawnbrokers in the city cater to this trend.

    Market trade: Other gold-related investment options such as gold coins and bars, gold exchange traded funds (Gold ETF), e-gold and sovereign gold bonds are also exercised by the people of Karnal. These modes may not be popular yet, but those trading in stocks and bonds are slowly becoming favourable towards paper gold.

    Also Check Gold Price in NearBy Cities of Karnal

    Gold Rate In Chandigarh Gold Rate In Gurgaon Gold Rate In Faridabad
    Gold Rate In Ambala Gold Rate In Hisar Gold Rate In Delhi

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