Gold Rate In Kochi Today

Gold is very sought after in Kochi and is usually bought for investment purposes and as jewellery. Find the latest gold prices in Kochi for 22 karat and 24 karat variants. Track daily gold trends and get detailed analysis of quarterly trends below.
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  • Today's Gold Rate in Kochi ( 15 Sep 2019 )
    ₹ 3,470
    Today's Gold Rate (22K) per gram
    Compare Gold Rate in Kochi (Today & Yesterday)
    Today
    (15 Sep 2019)
    Yesterday
    (14 Sep 2019)
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 3,470 ₹ 3,485 ₹ -15 ↓
    Standard Gold (22 K) ( 8 grams ) ₹ 27,760 ₹ 27,880 ₹ -120 ↓
    Pure Gold (24 K) ( 1 gram ) ₹ 3,644 ₹ 3,659 ₹ -15 ↓
    Pure Gold (24 K) ( 8 grams ) ₹ 29,152 ₹ 29,272 ₹ -120 ↓
    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    15 Sep 2019 ₹ 3,470 ₹ 27,760 ₹ 3,644 ₹ 29,152
    14 Sep 2019 ₹ 3,485 ₹ 27,880 ₹ 3,659 ₹ 29,272
    13 Sep 2019 ₹ 3,500 ₹ 28,000 ₹ 3,675 ₹ 29,400
    12 Sep 2019 ₹ 3,530 ₹ 28,240 ₹ 3,707 ₹ 29,656
    11 Sep 2019 ₹ 3,515 ₹ 28,120 ₹ 3,691 ₹ 29,528
    10 Sep 2019 ₹ 3,555 ₹ 28,440 ₹ 3,733 ₹ 29,864
    09 Sep 2019 ₹ 3,540 ₹ 28,320 ₹ 3,717 ₹ 29,736
    08 Sep 2019 ₹ 3,540 ₹ 28,320 ₹ 3,717 ₹ 29,736
    07 Sep 2019 ₹ 3,560 ₹ 28,480 ₹ 3,738 ₹ 29,904
    06 Sep 2019 ₹ 3,620 ₹ 28,960 ₹ 3,801 ₹ 30,408

    Weekly & Monthly Graph of Gold Rate in Kochi

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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 Kochi

    Kochi, the second largest city in Kerala has long been a centre for trade and commerce, having been home to travellers for a major portion of the Middle Ages. Constant interaction with outsiders enabled it to grow prosperous, with its spice trade playing a key role. All this growth provided the city with sufficient money, with gold becoming a source to buy and sell goods. This penchant for gold has stayed strong in Kochi, with it accounting for a major portion of gold consumed in the country. Today, gold is viewed as a safe investment, with a number of its residents purchasing it on a regular basis.

    Gold rates in Kochi closely reflect international gold trends, with a number of factors impacting prices. Jewellery accounts for a major portion of gold demand in the city, with coins, bars, ETFs and gold funds being other popular investment options.

    Gold Rate Trend in Kochi for April 2019 to June 2019 (per gram of 24 karat gold)

    Factor April May June
    1st day Rs.3,113 per gram Rs.3,119 per gram Rs.3,140 per gram
    Last day Rs.3,134 per gram Rs.3,140 per gram Rs.3,302 per gram
    Highest price Rs.3,140 per gram on 10 April Rs.3,176 per gram on 15 May Rs.3,371 per gram on 26 June
    Lowest price Rs.3,082 per gram on 4,5 and from 19-21 April Rs.3,082 per gram on 4 May Rs.3,140 per gram on 1 June
    Trend Incline Incline Incline
    Change 0.67% 0.67% 5.15%

    Also Check Gold Price in Metro Cities

    Gold Rate Trend in Kochi for January 2019 to March 2019 (per gram of 24 karat gold)

    Factor January February March
    1st day Rs.3,077 per gram Rs.3,417 per gram Rs.3,255 per gram
    Last day Rs.3,229 per gram Rs.3,447 per gram Rs.3,113 per gram
    Highest price Rs.3,229 per gram on 31 January Rs.3,484 per gram on 20 and 21 February Rs.3,255 per gram on 1 March
    Lowest price Rs.3,077 per gram on 1 and 2 January Rs.3,396 per gram from 13-15 February Rs.3,113 per gram on 31 March
    Trend Incline Incline Decline
    Change 4.93% 0.87% -4.36%

    Gold Rate Trend in Kochi for January 2019: 

    • Demand for gold was on the rise as local offtake was high due to the wedding season, with strong overseas trends also backing a surge in price after gold rates in Kochi opened at Rs.3,077 per gram. 
    • The slight dip in the U.S. dollar rate buoyed bullion as prices rose to Rs.3,124 per gram on 6 January but sliding industrial demand saw prices drop to Rs.3,108 per gram on 9 January. 
    • The Federal Reserve’s possible interest rate pause rattled equities and the U.S. dollar, which boosted bullion as the metal rose to Rs.3,140 per gram on 14 January, with steady local demand pushing prices to Rs.3,176 per gram from 18-21 January. 
    • A momentary drop due to recovering equities saw prices dip to Rs.3,161 per gram on 24 January but fears over the impact of Sino-U.S. trade tensions saw gold surge to Rs.3,229 per gram on 31 January. 

    Gold Rate Trend in Kochi for February 2019: 

    • Gold prices in Kochi opened flat at Rs.3,229 per gram but steady retail demand boosted rates to Rs.3,266 per gram on 7 February, as escalations in U.S.-China tensions rattled markets. 
    • Prices dipped to Rs.3,245 per gram on 10 February as global trade tensions increased equity demand, but a turnaround in investor confidence resulted in prices rising to Rs.3,255 per gram on 18 February. 
    • Despite the fluctuations in overseas offtake, local demand remained steady and bullion climbed to Rs.3,260 per gram 23 February though the U.S. dollar strength capped some gains. 
    • The Fed’s dovish stance on monetary policy and the growing pressure from rising equities saw gold demand fall, though the metal rose marginally to close the month at Rs.3,271 per gram. 

    Gold Rate Trend in Kochi for March 2019: 

    • Interest in bullion slipped as the strengthening U.S. dollar rate and positive equity performance dented gold prices in Kochi, which opened at Rs.3,255 per gram before steadily dropping to Rs.3,129 per gram on 8 March. 
    • Despite the Fed’s indication of static interest rates, local retail demand was weak due to steady equities but a surge in jeweller demand boosted prices to Rs.3,155 per gram on 15 March. 
    • Unchanged interest rates prompted increased offtake in gold, with the precious metal trading at Rs.3,140 per gram on 24 March and climbing marginally to Rs.3,155 per gram on 27 March as local jeweller demand also increased. 
    • A rally by the U.S. dollar amid profit-booking and steep drops in industrial offtake resulted in prices dropping to Rs.3,098 per gram on 29 March before rising marginally to end the month at Rs.3,113 per gram.   

    Gold Rate Trend in Kochi for October 2018 to December 2018 (per gram of 24 karat gold)

    Factor October November December
    1st day Rs.2,987 per gram Rs.3,098 per gram Rs.2,966 per gram
    Last day Rs.3,108 per gram Rs.2,977 per gram Rs.3,092 per gram
    Highest price Rs.3,119 per gram on 25 October Rs.3,113 per gram on 5 November Rs.3,108 per gram on 12 December
    Lowest price Rs.2,987 per gram on 1 October Rs.2,977 per gram on 30 November Rs.2,966 per gram on 1 December
    Trend Incline Decline Incline
    Change 4.05% -3.90% 4.24%

    Gold rate trend in Kochi for October 2018

    • In October, due to the fall of the US dollar, gold trends fared well in the market with increased global as well as local demand.
    • Gold opened the month at Rs.2,987 per gram and increased on account of various geopolitical issues in the world such as the ongoing Brexit negotiations and the US-China trade war. This led to a fall in global markets.
    • The price of gold was the highest on 25 October at Rs.3,119 per gram ahead of the festivals of Diwali and Dhanteras, early in November, due to which, demand was high.
    • The yellow metal closed the month at Rs.3,108, resulting in a percentage increase of 4.05.

    Gold rate trend in Kochi for November 2018

    • As the dollar recovered to a great extent, gold prices took a major hit in November. The price of gold decreased throughout the month as the demand decreased amongst local jewellers.
    • Gold opened the month at Rs.3,098 per gram and increased to the monthly high price of Rs.3,113 per gram on 5 November. Gold trends remained strong through the first week of the month due to the festival of Diwali and Dhanteras in the country.
    • After 8 November, gold dipped to Rs.3,019 per gram by the middle of the month. As the value of the rupee decreased against the dollar, import of the metal declined to a great extent thus affecting demand and supply.
    • The month closed with the metal priced at Rs.2,977 per gram with a percentage decline of 3.90.

    Gold rate trend in Kochi for December 2018

    • The declining trend of gold reversed in the month of December as the value of the dollar declined yet again, against other currencies.
    • Gold trading opened the market at Rs.2,966 per gram and increased to Rs.3,108 per gram by the middle of the month due to increased global and local demand.
    • As the US-China trade truce developed, the global markets kept falling resulting in the rupee strengthening against the dollar which contributed to an increase in the import business.
    • Apart from global trends, the wedding season in India also contributed to a great extent in the demand for the metal. Trade closed the month at Rs.3,092 per gram which resulted in a percentage incline of 4.24.

    Gold Rate Trend in Kochi for July 2018 to September 2018 (per gram of 24 karat gold)

    Factor July August September
    1st day Rs.2,951 per gram Rs.2,903 per gram Rs.2,956 per gram
    Last day Rs.2,903 per gram Rs.2,966 per gram Rs.2,987 per gram
    Highest price Rs.2,993 per gram on 11 July Rs.2,966 per gram on 31 August Rs.3,014 per gram on 20, 21, 26 and 27 September
    Lowest price Rs.2,903 per gram on 31 July Rs.2,877 per gram on 4 August Rs.2,945 per gram on 4 September
    Trend Decline Incline Incline
    Change -1.62% 2.17% 1.04%

    Gold rate in Kochi for July 2018

    • When trading for the precious metal commenced on 1 July, gold was priced at Rs.2,951 per gram. The demand for the metal was poor amid weak trends overseas.
    • However, as the demand for the metal from retailers and industrial units increased in the following days, the price of the metal surged.
    • The highest gold rate for the month of July in Kochi was recorded on 11 July when the metal traded at Rs.2,993 per gram.
    • Meanwhile, the value of the US dollar increased compared to a basket of apex currencies. This caused gold rates in Kochi decline.
    • Gold closed at Rs.2,903 per gram on 31 July- the lowest gold rate recorded for the month.
    • Overall, the trend of gold rates in Kochi declined by 1.62% for the month of July.

    Gold rate trend in Kochi for August 2018

    • The precious metal continued to trade at Rs.2,903 per gram when the trading for gold commenced on 01 August. As the demand for the metal remained stable, the price of the metal wasn’t affected on the first day of the month.
    • In the following days, the US released the employment data which indicated positive growth for their economy due to which the value of the US dollar increased and the rate of gold in Kochi declined.
    • The lowest gold rate for the month of July was recorded on 1 August when the price of the metal fell to Rs.2,877 per gram.
    • However, due to political tension, the value of the US dollar started to fall in the following days. This caused gold rates in Kochi to incline.
    • The highest gold rate was recorded on the last day of the month when the metal closed at Rs.2,966 per gram.
    • Though the price of the metal kept fluctuated throughout the month, the overall trend of gold rates in Kochi for the month of August was an incline of 2.17%.

    Gold rate trend in Kochi for September 2018

    • Amid poor trend overseas, gold opened at Rs.2,956 per gram on 01 September.
    • As the demand for the metal from industrial units and local jewellers fell, the price of gold dropped and hit a monthly low of Rs.2,945 per gram on 04 September.
    • However, the price of the metal quickly rebounded and traded at a monthly high of Rs.3,014 per gram on 20, 21, 26 and 27 September.
    • Gold closed at Rs.2,987 per gram in Kochi and recorded an incline of 1.04% for the month of September.

    Gold Rate Trend in Kochi for April 2018 to June 2018 (per gram of 24 karat gold)

    Factor

    April

    May

    June

    1st day

    Rs.2,966 per gram

    Rs.3,050 per gram

    Rs.3,040 per gram

    Last day

    Rs.3,050 per gram

    Rs.3,040 per gram

    Rs.2,972 per gram

    Highest price

    Rs.3,056 per gram on 20-21 & 25-26 April

    Rs.3,071 per gram on 14 & 15 May

    Rs.3,040 per gram on 1 June

    Lowest price

    Rs.2,966 per gram from 1 – 3 April

    Rs.3,019 per gram on 17 & 18 May

    Rs.2,972 per gram on 30 June

    Trend

    Incline

    Decline

    Decline

    Change

    2.83%

    -0.32%

    -2.23%

    Gold Rate Trend in Kochi for April 2018:

    • Trading commenced for the month with gold price in Kochi holding at Rs.2,966 per gram - the lowest recorded monthly figure - on the 1st with poor local demand brought about by weak global cues.
    • The next few weeks saw gold rates recovering with safe-haven demand on the rise amid intensifying geopolitical tensions between the US and North Korea.
    • Gold prices surged to Rs.3,056 per gram on the 25th with strong demand from local industries, jewellers and retailers brought about by positive cues globally. This was also the highest monthly figure recorded in the city.
    • The month ended with gold priced at Rs.3,050 per gram with subdued but steady domestic demand amid favourable market cues overseas.

    Gold Rate Trend in Kochi for May 2018:

    • The second month of Q2 2018 began with gold rate in Kochi opening at Rs.3,050 per gram with domestic markets tracking positive cues overseas.
    • Poor dollar performances amid the losing equity markets led to gold prices surging to Rs.3,071 per gram on the 14th. This was also the highest monthly figure recorded in the city.
    • However, with the US dollar index gaining against other apex currencies, demand for the metal dropped over the next few days. Gold was recorded trading at a monthly low of Rs.3,019 per gram on the 17th amid the weak trend overseas.
    • Demand improved as the month progressed with bullion markets capitalising on the weakening US dollar and equities.
    • Trading concluded for the month with gold priced at Rs.3,040 per gram on the last day and Kochi recorded a decline of 0.32% in rates during the course of the month.

    Gold Rate Trend in Kochi for June 2018:

    • The month of the quarter began with gold price in Kochi holding at Rs.3,040 per gram on the 1st with steady local demand amid the weakened US dollar. This was also the highest monthly figure recorded in the city.
    • Weak global cues coupled with fluctuating markets led to gold rates dropping considerably during the week.
    • Rates dropped to a monthly low of Rs.2,972 per gram on the 30th with local demand flatlined by the poor trend overseas.
    • Poor market trends coupled with subdued domestic demand led to gold rates dropping by 2.23% during the course of the month.

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

    Factor

    January

    February

    March

    1st day

    Rs.2,924 per gram

    Rs.3,040 per gram

    Rs.2,956 per gram

    Last day

    Rs.2,940 per gram

    Rs.3,046 per gram

    Rs.2,966 per gram

    Highest price

    Rs.3,015 per gram on  25 January

    Rs.3,103 per gram on 14 February

    Rs.3,008 per gram on 28 March

    Lowest price

    Rs.2,909 per gram on 5 January

    Rs.3,003 per gram on 8 February

    Rs.2,945 per gram from 16-19  March

    Trend

    Incline

    Incline

    Incline

    Change

    0.54%

    0.19%

    0.33%

    Gold Rate Trend in Kochi for January 2018

    • On 1st January, the gold rate in Kochi stood at Rs.2,924 per gram in the backdrop of a steady domestic demand from local jewellers, retailers and industries.
    • The yellow metal declined to its lowest rate at Rs.2,909 per gram on the 5th amid strengthening of the US dollar as well as due to the decline in demand in the domestic market.
    • During the next couple of weeks, gold prices fluctuated due to uneven demand due to changes in the performances of the USD. Besides, the unsteady equity returns also contributed to the uneven gold rates in Kochi.
    • However, during the fourth week, gold rates spiralled to record its highest price on the 25th of the month. The highest gold rate in Kochi in the month of January stood at Rs.3,015 per gram.
    • Overall, gold rate trend in Kochi during the month inclined by 0.54% as investors held on to safe-haven asset amid inflation concerns in the US.

    Gold Rate Trend in Kochi for February 2018

    • Gold traded at Rs.2,961 per gram on the 1st day of the month, an increase of Rs.61 over the previous day’s price amid a declining US dollar as the central bank meeting led to an increased demand for the precious metal in the market.
    • While the gold price was steady for a couple days, the yellow metal’s rate declined to post its lowest at Rs.2,919 per gram which stood till the 12th of the month. The plunge on the gold rate is attributed to the strengthening of the USD.
    • With an increase in industrial orders and the weakening of the USD, led to an incline in the gold price.
    • Gold prices rose to post its highest at Rs.2,993 on the 14th of the month amid a weak dollar.
    • In conclusion, gold rates in Kochi for February reflected a downward trend at 0.16% due to weak global cues which led to a lower demand for the precious metal in the market.

    Gold Rate Trend in Kochi for March 2018

    • In the backdrop of a downward trend of the yellow metal in February, gold began trading at Rs.2,956 per gram on the 1st of March 2018 in tandem with a firm global trend.
    • During the first two weeks, gold rates remained steady with the domestic bullion markets less impacted by global market trends.
    • However, gold rates plunged to record its lowest at Rs.2,945 per gram on the 16th and it continued to remain with the same rate till the 19th of the month.
    • The decline in gold rates is attributed to a strong US dollar against other emerging currencies in the global market.
    • However, amid the unstable USD and the poor performance of equities led to an increase in safe-haven assets. This led gold rates to increase to Rs.3,008 per gram on 28th of the month, which is also the highest price for the yellow metal for the month.
    • Gold rate trend in Kochi for March 2018 inclined by 0.33% due to a firm overseas trend that increased the demand for the metal during the month.

    Also Check Petrol Price and Diesel Price in Kochi

    Gold Investment Avenues In Kochi

    Residents of Kochi consider gold an ideal investment tool, thanks primarily due to its global demand and ease of purchase. The following investment modes are popular in the city.

    • Over-the-counter – Over-the-counter purchases of gold account for a major chunk of gold purchased in Kochi, with gold jewellery, coins and bullions readily available. Jewellery is perhaps the most popular mode of buying gold, with the city home to some of the biggest jewellers in the country. Gold coins and bullions can be purchased from dealers and banks across the city, with the local price being determined by international trends. Different budgetary requirements can be met in the city, with shops catering to multiple budgets. Gold sales peak during festival season, with Diwali and Onam being good times to purchase it.
    • Market trade – Market trade of gold has gained prominence in the last few years, with Exchange Traded Funds, E-gold and futures contracts providing an opportunity to indulge in trade. Thanks to their good returns and ease of trading, gold ETFs are viewed as safe and simple, with an option to trade them on the Mumbai Stock Exchange. The National Spot Exchange permits the sale and purchase of E-gold in the country. Futures contracts can be a good option for people who are looking to own gold in the future, but are subject to market fluctuations.

    Also Check Gold Price in NearBy Cities of Kochi

    Read more on Gold

    News About Gold rate in Kochi

    • Gold Dips Ahead Of Fed Chairman Speech

      Gold prices fell in early trading no Friday, 23rd August, 2019 but remained close to the psychological $1,500 per ounce mark. Interest in bullion declined ahead of the Federal Reserve Chairman’s speech on monetary policy this weekend.

      Spot gold inched lower by 0.1% to $1,496.78 per ounce while U.S. gold futures dropped by 0.2% to $1,506.30 per ounce.

      Markets and investors have been cautious ahead of the Fed Chair’s speech, which will shed some light on the bank’s monetary policy, especially with regard to interest rate cuts.

      In light of the economic climate, China has lifted some restrictions on gold imports, which could further boost the yellow metal’s demand.

      23 August 2019

    • Gold prices fall, silver remains flat

      Amid weak demand from jewellers, gold prices in India fell on Monday.

      In India,record-high prices, have hurt demand jewellers say since these prices make it difficult for dealers to offer discounts.

      Traders are also holding out on investing in gold since they are waiting for the U.S. Fed’s decision on interest rate cuts. The Fed is expected to meet at the end of this month.

      Additionally, investors are also keeping a close eye on the U.S.-China trade talks and negotiations taking place this week to see how it will affect gold prices.

      On 23 July, hedge funds and money managers reduced their bullish stance in COMEX gold.

      29 July 2019

    • Gold and Silver Rates Surge on Strong Global Cues

      Silver ready saw a steady rise in demand as demand for bullion rose after the Fed Reserve meeting. Silver traded Rs.300 higher at Rs.39,200 per kg. Weekly silver delivery also saw a rise in value, trading Rs.356 higher at Rs.38,356 per kg.

      Gold prices also surged on positive trends from the U.S. following hints of an interest rate cut. This in turn prompted higher demand for safe-haven assets.

      Gold of 99.9% purity rose by Rs.930 to trade at Rs.35,800 for 10 grams while standard gold (99.5% purity) also rose by the same margin, priced at Rs.35,630 for 10 grams.

      Besides the steady rise in overseas demand, there was a rise in demand from local jewellers as well, with sovereign gold rising by Rs.100 to trade at Rs.27,400 per 8 grams.

      11 July 2019

    • Gold rates globally to reach its 6-year high

      According to reports, the gold rates all over the world is moving to reach its highest price in 6 years. On Monday, the price of the metal increased by $6 dollars to $1,406 per ounce. Gold prices were hovering around Rs.35,210 per 10 grams in India.

      Analysts have attributed the rise of gold prices to the United States Federal Reserve hinting a rate cut along with the European Bank signaling at one in the coming month.

      Apart from this, the United States-China trade war and Brexit woes still shadowing the United Kingdom have resulted in an unstable market. Due to this, investors have shifted their investments to the bullion as a safe-haven asset.

      However, experts have said that there might be a drop in the rates in the foreseeable future considering the major factor of the 2019 Budget and the conversion rate from USD to INR. After the budget, once new policies are announced, the rupee is expected to rise against the U.S. dollar to Rs.67 as compared to the current exchange rate of Rs.69.2.

      Experts have mentioned that the price of the yellow metal will not be lowering in the next two years and this will be a good opportunity to invest in Gold ETFs.

      According to Vishal Jain, Head ETF, Reliance Nippon Life Asset Management, 78% of the purchases in gold in India is through jewellery. Gold prices in India would not change irrespective of global trends due to the marriage season demand in the country.

      27 June 2019

    • U.S. Fed Stimulus Hints Bolster Gold

      Gold prices soared to a near 6-year high as indications of the U.S. Federal Reserve slashing interest rates bolstered interest in the metal. Rising tensions in the Middle East as well as a weak dollar have worried investors and markets, which has prompted increased demand for the safe-haven metal.

      Spot gold rose by 0.3% to $1,391.50 per ounce after reaching a session high of $1,410.78 per ounce earlier in the day. U.S. gold futures held steady at $1,396.30 per ounce.

      The dollar dropped following the Fed stating it would take steps to counter growing economic risks, with rate cuts as soon as July 2019. This dovish stance has boosted bullion demand, as bond yields have been falling globally.

      Taking their cue from the Fed, the Bank of Japan and the Bank of England have also indicated monetary easing policies to boost flagging economic growth in their respective countries.

      21 June 2019

    • Gold Records Marginal Rise as Investors Await Fed Results

      A drop in Asian shares and anticipation over the Federal Reserve’s upcoming meeting bolstered interest in gold.

      Spot gold rose by 0.2% to trade at $1,281.95 per ounce while U.S. gold futures also recorded a 0.2% increase to $1,283.90 per ounce.

      Investors remained cautious over increasing their stakes in bullion as they awaited the minutes of the Federal Reserve meeting and information on possible interest rates.

      Despite positive industrial results from China, a slowdown in actual industry output indicated the economy is still struggling to recover. The release of fresh data from the Eurozone and the Fed by Wednesday, 1st May, 2019 is thus being viewed with greater scrutiny and the resultant investment reticence regarding bullion.

      30 April 2019

    • Gold Rises on Weak Dollar and Rising Central Bank Interest

      Gold prices continued their upward climb as increased buying by central banks and a weakened dollar boosted demand. Spot gold rose by 0.6% to trade at $1,304.37 per ounce while U.S. gold futures also climbed by 0.6% to $1,306.04 per ounce.

      Rising demand from central banks has also boosted gold’s profile, which has been precipitated by drops in the dollar index lately. Poorer than expected manufacturing data from the U.S. as well as rising oil prices have fuelled inflationary conditions. With gold considered a hedge against oil-related inflation, there has been a significant rise in demand.

      News that China is seeking to raise its gold reserves propped up positive sentiment towards the yellow metal as well.

      10 April 2019

    • Gold Rises on Diminished Dollar

      Gold prices rose to one-week highs as the U.S. dollar dropped on poor U.S. jobs data for the last month. Investors also awaited the minutes of the Federal Reserve’s latest policy meeting amidst a bleak economic outlook.

      Spot gold rose by 0.4% to $1,296.87 per ounce as interest was propelled by a weak dollar rate. U.S. gold futures also rose by 0.4% to $1,301 per ounce.

      A drop in manufacturing jobs figures weakened investor confidence in the jobs market and fuelled fears of a recession. Bullion gains were limited as Asian stocks soared to near seven-month highs as progress in Sino-U.S. trade talks boosted equity demand.

      8 April 2019

    • Gold Rallies on Firm Overseas Trends and Jeweller Demand

      Gold rates rose on steady jeweller demand and positive overseas cues on Wednesday, 13th March, 2019. Gold of 99.9% purity rose by Rs.235 to trade at Rs.33,385 for 10 grams, marking a significant surge in offtake by local jewellers. 99.5% purity gold also rose by Rs.235 to close at Rs.33,215 for 10 grams as interest in bullion surged overseas, which boosted local demand as well.

      On the international market, investor interest in gold was high as uncertainty over Brexit continued to rattle markets and currencies. The rise in the metal’s safe-haven appeal saw spot gold prices gain 0.2% to trade at $1,304.53 per ounce. U.S. gold futures rose by 0.5% to $1,304.80 per ounce.

      A weak dollar boosted demand for silver as well, with the industrial metal trading Rs.130 higher at Rs.39,710 per kg. Weekly-based delivery rose by a modest Rs.108 to trade at Rs.38,768 per kg as industrial demand increased.

      Silver coins saw no change in value, continuing to trade at Rs.80,000 for buying and Rs.81,000 for selling of 100 pieces.

      13 March 2019

    • Gold Dips Lower as Firm Dollar Caps Demand

      There was a drop in gold prices as a firm dollar offset support from interest in riskier assets among investors. Global growth concerns and weak global currencies resulted in investors seeking physical gold especially in Asia.

      Spot gold fell by 0.1% to $1,296.73 per ounce in trading towards the end of the financial day. U.S. gold futures also dropped by 0.1% to trade at $1,298.10 per ounce. Stark losses were capped as the U.S. Federal Reserve indicated there was no reason to resume its policy of quantitative easing in light of new U.S. payrolls data.

      However with the U.S. economy creating barely 20,000 jobs in February 2019, global concern of a slowdown impacted bullion demand in Asia. There was a spike in demand for physical gold from leading importers China and India.

      10 March 2019

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