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  • Gold Rate In Kota

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    01 Dec 2016 ₹ 2,881 ₹ 23,048 ₹ 3,012 ₹ 24,096
    30 Nov 2016 ₹ 2,881 ₹ 23,048 ₹ 3,012 ₹ 24,096
    29 Nov 2016 ₹ 2,896 ₹ 23,168 ₹ 3,021 ₹ 24,168
    28 Nov 2016 ₹ 2,872 ₹ 22,976 ₹ 3,003 ₹ 24,024
    27 Nov 2016 ₹ 2,872 ₹ 22,976 ₹ 3,003 ₹ 24,024
    25 Nov 2016 ₹ 2,852 ₹ 22,816 ₹ 2,981 ₹ 23,848
    24 Nov 2016 ₹ 2,880 ₹ 23,040 ₹ 3,021 ₹ 24,168
    23 Nov 2016 ₹ 2,940 ₹ 23,520 ₹ 3,094 ₹ 24,752
    22 Nov 2016 ₹ 2,920 ₹ 23,360 ₹ 3,074 ₹ 24,592
    21 Nov 2016 ₹ 2,920 ₹ 23,360 ₹ 3,074 ₹ 24,592

    *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.

    Kota is the third-most populated city of Rajasthan, and is located close to the state’s capital Jaipur. It used to be a part of the kingdom of Bundi, ruled by Rajputs. City Fort Palace, Jagmandir Palace and the artificial lake Kishore Sagar are popular tourist haunts.

    Kota is an educational hub, with a number of engineering and medical coaching institutions as well as universities and colleges. The city, located along the banks of River Chambal, is also a trade centre for agricultural products. The main economic activities include mills of cotton and oilseed, weaving, dairy, distilleries as well as production of metal handicrafts, chemicals and fertilizers, and engineering equipment.

    Gold prices in Kota

    Gold is an auspicious metal for India, and Kota is no exception to this preference. People of Kota buy gold ornaments to wear on weddings and family functions, and give gold jewellery and articles as presents for anniversaries and birthdays. Rolled gold and gold-plated jewellery, which contain about 1% of gold polished on to the surface, are also popular.

    Since gold is not produced locally, Kota jewellers depend on imported gold. Fluctuations in te international gold market, therefore, affect the prices in the city. Gold of 99.9% purity – 24-karat gold – is generally purchased by jewellers and those investing in gold coins and bullions. Gold of 91.6% purity – 22-karat – is favoured by consumers buying jewellery. Pure gold is not suitable to make ornaments because of its lack of strength. The 22-karat gold is mixed with 2 parts of silver, copper, nickel or other metals to form a durable alloy with which to make ornaments and gold articles.

    24-karat gold prices: The price of 10 grams of 24-karat gold in Kota was Rs. 29,760, up by just Rs. 260 from 10 days ago (March 2, 2016), when it was Rs. 29,500. Gold prices in Kota grew only around 0.87 percent in 10 days. The price of 24-karat gold in Delhi on March 11, on the other hand, was Rs. 30,374, which is Rs. 614 more than the rate in Kota.

    22-karat gold prices: On March 11, 10 grams of 22-karat gold was selling at Rs. 27,820 in Kota, merely 1.02 percent higher than the Rs. 27,540 registered on March 2. The gold rate in Delhi on March 11 was Rs. 580 (2%) more that the price in Kota, at Rs. 28,400.

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

    Factor July August September
    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.3,283 per gram on 18th August Rs.3,304 per gram from 27th-30th September
    Lowest price Rs.3,209 per gram on 12th and 13th 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% -0.06% +1.81%

    Gold Rate Trend in Kota for July 2016

    • The price of gold was Rs.3,224 per gram as the month began, with the price rising to Rs.3,285 per gram mid-week due to a sudden slump in the markets.
    • Prices remained high for the week as the Dollar performed poorly and bullion demand was high.
    • The prices fell to Rs.3,207 per gram on 15th July as the markets recovered and domestic demand did not match expectations.
    • Prices continued to be low as the fourth week began, with gold trading at Rs.3,217 per gram on 23rd July due to sustained low demand.
    • An increase in demand and strong global demand pushed prices up to Rs.3,244 per gram at the end of the month.

    Gold Rate Trend in Kota for August 2016

    • Gold was priced at Rs.3,247 per gram at the start of the week and remained stable for the rest of the week, with slight increases towards the end of the week.
    • The price dipped slightly as the second week began due to the markets strengthening and domestic demand for gold falling.
    • A renewal in demand from jewellers led to prices rising to Rs.3,274 per gram on 17th August, with prices reaching Rs.3,284 per gram on 19th August.
    • The fourth week saw prices continue to climb as market instability led investors to gold, with prices reaching the month’s high of Rs.3,290 per gram on 23rd August.
    • Prices fell as the month ended, with prices dropping to Rs.3,245 per gram due to the markets surging.

    Gold Rate Trend in Kota for September 2016

    • Gold traded at Rs.3,245 per gram at the start of the month as the markets stabilised and demand was muted, with prices rising to Rs.3,255 per gram as the week ended.
    • Prices jumped to Rs.3,291 per gram on the 7th of September as the markets fell unexpectedly and demand for gold soared.
    • Prices remained stable for the third week as demand was constant.
    • The fourth week saw prices dip to Rs.3,277 per gram on 20th September, but a surge in demand led prices to rise to Rs.3,304 towards the end of the month.

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

    Factor April MayJune
    1st day Rs. 2,988 per gram Rs. 3,147 per gramRs.2,934 per gram
    Last day Rs. 3,147 per gram Rs. 2,991 per gramRs.3,209 per gram
    Highest price Rs. 3,147 per gram on 30 April. Rs. 3,153 per gram on 16 May.Rs.3,212 per gram on 25th June
    Lowest price Rs. 2,957 per gram on 4 April. Rs. 2,991 per gram on 31 May.Rs.2,991 per gram on 1st June
    Trend Rise DeclineRise
    Change +5.32% -4.95%+9.37%

    Gold Rate Trend in Kota in April 2016

    • Gold rate per gram steadily increased as the month progressed.
    • Gold traded at Rs. 3,147 per gram on 30 April and this rate was the highest in the month.
    • A rise of 5.32% was witnessed.

    Gold Rate Trend in Kota in May 2016

    • The month of May witnessed a decline in gold rates per gram.
    • This is largely attributed to the expectation of interest rate hikes by US Fed.
    • A decline of 4.95% was witnessed towards the end of the month.

    Gold Rate Trend of Kota in June 2016

    • 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.
    • The highest rate of gold was noted on the 25th of June wherein gold was priced at Rs.3,209 per gram.
    • There were many fluctuations noted in the price of gold throughout the month but were largely on the higher side.
    • Post Brexit polls, economic uncertainty throughout the world resulted in a drastic increase in the price of gold.

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

    Factor Jan Feb March
    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. 2781 per gram on 31 Jan. Rs. 3,067 per gram on 29 February. Rs. 3,090 per gram on 10 March.
    Lowest price Rs. 2605 per gram on 1 Jan. Rs. 2,797 per gram on 2 February. Rs. 2,974 per gram on 23 March.
    Trend Rise Rise Decline
    Change +6.75% +10.28% -2.57%

    Gold Rate Trend in Kota in January 2016

    • Gold rates remained more or less the same throughout the month.
    • A rise of 6.75 percent was seen in gold rate per gram towards the end of the month.
    • The highest rate was seen on the last day of the month at Rs. 2,781 per gram.

    Gold Rate Trend in Kota in February 2016

    • There were a few fluctuations in gold rate per gram throughout the month of February.
    • However, the month witnessed a rise in gold prices at a rate of 10.28%.
    • The highest rate was Rs. 3,067 per gram on 29 February.

    Gold Rate Trend in Kota in March 2016

    • The month of March saw a decline in the rates of gold per gram.
    • At the beginning of the month, the rate of gold was at one of its highest but saw a decline as the month progressed.
    • The lowest rate recorded was on 23 March at Rs. 2,974 per gram.

    Gold investment in Kota

    No reliable figures are available to indicate the demand for gold in Kota. However, the high number of gold jewellery showrooms in the city indicate that the appetite for the precious metal is high in Kota. Kota’s status are the third-largest city also means that several small-town citizens will flock to the city to purchase their ornaments.

    Gold investment in Kota takes two main forms, just like in the rest of the country.

    Physical gold: Indians invest in gold by buying jewellery and gold coins/bullions. They sell off the gold or pledge it for loans when they are in monetary crisis. Gold ornaments and articles are procured over the counter from jewellers and showrooms. However, gold bars and coins of the highest purity and quality can be obtained from banks and authorised financial institutions. These can also be got from jewellers and pawnshops, and people of Kota prefer to deal with shops than banks because of the slightly higher rates the banks charge.

    Market trade: Paper gold investment options such as gold exchange traded funds (Gold ETFs), sovereign gold bonds and e-gold are also transacted in Kota. These modes may not be popular yet, but those trading in stocks and bonds are slowly becoming favourable towards gold funds and bonds.

    Also Check Gold Price in NearBy Cities of Kota

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