Gold Rate In Kozhikode Today

  • Today's Gold Rate in Kozhikode ( 17 Oct 2021 )

    ₹ 4,420
    Today's Gold Rate (22K) per gram

    Compare 22K & 24K Gold Rate In Kozhikode (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,420 ₹ 4,480 ₹ -60 ↓
    Standard Gold (22 K) ( 8 grams ) ₹ 35,360 ₹ 35,840 ₹ -480 ↓
    Pure Gold (24 K) ( 1 gram ) ₹ 4,641 ₹ 4,704 ₹ -63 ↓
    Pure Gold (24 K) ( 8 grams ) ₹ 37,128 ₹ 37,632 ₹ -504 ↓

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    16 Oct 2021 ₹ 4,420 ₹ 35,360 ₹ 4,641 ₹ 37,128
    15 Oct 2021 ₹ 4,480 ₹ 35,840 ₹ 4,704 ₹ 37,632
    14 Oct 2021 ₹ 4,470 ₹ 35,760 ₹ 4,694 ₹ 37,552
    13 Oct 2021 ₹ 4,415 ₹ 35,320 ₹ 4,636 ₹ 37,088
    12 Oct 2021 ₹ 4,415 ₹ 35,320 ₹ 4,636 ₹ 37,088
    11 Oct 2021 ₹ 4,390 ₹ 35,120 ₹ 4,610 ₹ 36,880
    10 Oct 2021 ₹ 4,390 ₹ 35,120 ₹ 4,610 ₹ 36,880
    09 Oct 2021 ₹ 4,390 ₹ 35,120 ₹ 4,610 ₹ 36,880
    08 Oct 2021 ₹ 4,390 ₹ 35,120 ₹ 4,610 ₹ 36,880
    07 Oct 2021 ₹ 4,380 ₹ 35,040 ₹ 4,599 ₹ 36,792

    Weekly & Monthly Graph of Gold Rate in Kozhikode (1 gram)

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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 Rate In Kozhikode

    Kozhikode which was earlier called Callicut, and where Vasco Da Gama had landed first in India, is rich in culture and heritage with the strong Keralite influence as well as European inspirations to this beautiful city in Southern India. this beautiful city is home to the natives who are absolutely mesmerized by the thought of gold in their customs as well as daily life. Gold is considered a very strong indicator of standing in the society. For example when it comes to weddings and marriages, a father will define his social standing to others by gifting gold jewellery to his daughter for the wedding that is heavier and higher in quantity than his competition gifted. This is a typical trend that has been continued or ages and hence is difficult to look away from. Let us take a closer look at the gold rate in Kozhikode.

    Gold Rate Trend in Kozhikode for April 2021 to June 2021 (per gram of 24 karat gold)

    Factor April May June
    1st Day Rs.4,544 per gram Rs.4,777 per gram Rs.5,030 per gram
    Last Day Rs.4,599 per gram Rs.5,007 per gram Rs.4,599 per gram
    Highest Price Rs.4,920 per gram on 22 April Rs.5,030 per gram on 26 and 27 May Rs.5,040 per gram on 3 June
    Lowest Price Rs.4,436 per gram on 5 April Rs.4,777 per gram on 1 May Rs.4,599 per gram on 30 June
    Trend Incline Incline Decline
    Change 1.21% 4.81% -8.56%

    Quarterly Gold Rate in Kozhikode from April 2021 to June 2021

    • In Kozhikode, the prices of gold for the month of April jumped by 1.66%. The prices of gold opened the month at Rs.4,914 per gram and closed at Rs.4,996 per gram, respectively. The highest and lowest prices that the yellow metal hit for the month were Rs.5,237 for a gram and Rs.4,778 per gram, respectively.
    • In May, the prices of gold opened at Rs.4,995 per gram. However, by the end of the month, gold prices fell by 4.48% and closed at Rs.4,771 for a gram. The lowest highest rates that the yellow metal hit for the month were Rs.4,515 per gram and Rs.4,995 per gram, respectively.
    • On 1 June, the prices of gold in Kozhikode were at Rs.4,697 for a gram. However, by the end of the month, gold prices fell by 8.11% and closed at Rs.4,316 per gram. The highest and lowest prices the gold touched were on the first and last day of the month.

    Gold Rate Trend in Kozhikode for January 2021 to March 2021 (per gram of 24 karat gold)

    Factor January February March
    1st Day Rs.4,914 per gram Rs.4,995 per gram Rs.4,697 per gram
    Last Day Rs.4,996 per gram Rs.4,771 per gram Rs.4,316 per gram
    Highest Price Rs.5,237 per gram on 6 and 7 January Rs.4,995 per gram on 1 and 2 February Rs.4,697 per gram on 1 March
    Lowest Price Rs.4,778 per gram on 27 January Rs.4,515 per gram on 19 February Rs.4,316 per gram on 31 March
    Trend Incline Decline Decline
    Change 1.66% -4.48% -8.11%

    Quarterly Gold Rate in Kerala from January 2021 to March 2021:

    • In Kozhikode, the prices of gold for the month of January jumped by 1.66%. The prices of gold opened the month at Rs.4,914 per gram and closed at Rs.4,996 per gram, respectively. The highest and lowest prices that the yellow metal hit for the month were Rs.5,237 for a gram and Rs.4,778 per gram, respectively.
    • In February, the prices of gold opened at Rs.4,995 per gram. However, by the end of the month, gold prices fell by 4.48% and closed at Rs.4,771 for a gram. The lowest highest rates that the yellow metal hit for the month were Rs.4,515 per gram and Rs.4,995 per gram, respectively.
    • On 1 March, the prices of gold in Kozhikode were at Rs.4,697 for a gram. However, by the end of the month, gold prices fell by 8.11% and closed at Rs.4,316 per gram. The highest and lowest prices the gold touched were on the first and last day of the month.

    Gold Rate Trend in Kozhikode for October 2020 to December 2020 (per gram of 24 karat gold)

    Factor October November December
    1st Day Rs.5,025 per gram Rs.5,050 per gram Rs.4,877 per gram
    Last Day Rs.5,050 per gram Rs.4,876 per gram Rs.5,095 per gram
    Highest Price Rs.5,166 per gram on 28 October Rs.5,302 per gram on 10 November Rs.5,131 per gram on 29 December
    Lowest Price Rs.4,893 per gram on 18 October Rs.4,876 per gram on 30 November Rs.4,877 per gram on 1 December
    Trend Incline Decline Incline
    Change 0.50% -3.45% 4.47%

    Quarterly Gold Rate in Kozhikode from October 2020 to December 2020:

    • Gold prices in Kozhikode opened at the rate of Rs.5,025 per gram in the month of October 2020. During the month it had hit the highest price point on 28th of October wherein the precious metal was being traded at the rate of Rs.5,166 per gram. The lowest price of the yellow metal was recorded on 18th of October wherein it stood at the rate of Rs.4,893 per gram. The month closed with gold price in Kozhikode being listed at Rs.5,050 per gram. During the month, the overall performance of gold in Kozhikode witnessed an incline of 0.50%.
    • In the month of November 2020, the gold prices in Kozhikode opened at the rate of Rs.5,050 per gram which was also the closing price for the month of October. During the month it had hit the highest price point on 10th of November wherein the precious metal stood at the rate of Rs.5,302 per gram. The lowest price of the yellow metal was recorded on 30th of November wherein it stood at the rate of Rs.4,876 per gram. The month closed with gold price in Kozhikode being listed at Rs.4,876 per gram. During the month, the overall performance of gold in Kozhikode witnessed a decline of –3.45%.
    • In Kozhikode, the price of gold opened at the rate of Rs.4,877 per gram in the month of December 2020. For the month, gold had hit the highest price point of Rs.5,131 per gram on 29th December 2020. The lowest price was recorded on 1st of December wherein it stood at the rate of Rs.4,877 per gram. The month closed with gold price in Kozhikode being listed at Rs.5,095 per gram. During the month, the overall performance of gold in Kozhikode witnessed an increase of 4.47%.

    Gold Rate Trend in Kozhikode for July 2020 to September 2020 (per gram of 24 karat gold)

    Factor July August September
    1st Day Rs.4,698 per gram Rs.5,245 per gram Rs.4,935 per gram
    Last Day Rs.5,195 per gram Rs.5,132 per gram Rs.4,869 per gram
    Highest Price Rs.5,256 per gram on 28 July Rs.5,728 per gram on 8 August and 9 August Rs.5,204 per gram on 22 September
    Lowest Price Rs.4,692 per gram from 5 July Rs.5,131 per gram on 30 August Rs.4,830 per gram on 26 September
    Trend Incline Decline Decline
    Change 10.57% -2.15% -1.33%

    Quarterly Gold Rate in Kozhikode from July 2020 to September 2020:

    • In July, the rate of gold in Kozhikode opened at Rs.4,698 per gram and closed at Rs.5,195 per gram. The gold prices had increased by 10.57% for this month. The outbreak of the virus all over the world and the stimulus measures introduced by governments and central banks ensured that gold rates increased significantly.
    • On 1 August 2020, the price of gold was at Rs.5,245 for a gram. By the end of the month, gold rates had reached Rs.5,132 per gram. Gold prices in Kozhikode had dipped as many countries decided to reopen their economies. Gold rates declined by 2.15% in August.
    • In September, the rates of the yellow metal had reduced by 0.38%. Gold rates reduced due to the increase in appetite for riskier products. The highest and lowest rates that the yellow metal hit for the month were Rs.5,204 per gram and Rs.4,830 per gram. 

    Gold Rate Trend in Kozhikode for April 2020 to June 2020 (per gram of 24 karat gold)

    Factor April May June
    1st Day Rs.3,969 per gram Rs.4,670 per gram Rs.4,732 per gram
    Last Day Rs.4,661 per gram Rs.4,571 per gram Rs.4,714 per gram
    Highest Price Rs.4,661 per gram on 30 April Rs.4,785 per gram on 20 May Rs.4,879 per gram on 25 June and 28 June
    Lowest Price Rs.3,969 per gram from 1 April to 3 April Rs.4,436 per gram on 5 May Rs.4,489 per gram on 8 June
    Trend Incline Decline Decline
    Change 17.43% -2.11% -0.38%

    Quarterly Gold Rate in Kozhikode from April to June:

    • In April, the prices of gold in Kozhikode opened and closed at Rs.3,969 per gram and Rs.4,661 per gram, respectively. Overall, gold rates increased by 17.43% for the month. The coronavirus outbreak all over the world and the stimulus measures introduced by governments and central banks ensured that gold rates increased significantly.
    • On 1 May 2020, the price of gold was at Rs.4,670 for a gram. However, by the end of the month, gold prices declined and closed at Rs.4,571 per gram. Gold prices reduced as several countries decided to reopen their economies. Gold rates declined by 2.11% in May.
    • In June, the prices of the yellow metal declined by 0.38% in the city. Gold rates reduced due to the increase in appetite for riskier products. The highest and lowest rates that the yellow metal hit for the month were Rs.4,879 and Rs.4,489 for a gram, respectively.

    Gold Rate Trend in Kozhikode for January 2020 to March 2020 (per gram of 24 karat gold)

    Factor January February March
    1st Day Rs.3,806 per gram Rs.3,964 per gram Rs.4,074 per gram
    Last Day Rs.3,964 per gram Rs.4,153 per gram Rs.3,969 per gram
    Highest Price Rs.3,964 per gram on 7 January and 31 January Rs.4,174 per gram on 25 February Rs.4,242 per gram on 7 March, 8 March,9 March and 10 March
    Lowest Price Rs.3,806 per gram on 1 January and 2 January Rs.3,927 per gram on 6 February and 7 February Rs.3,885 per gram on 18 March
    Trend Incline Incline Decline
    Change 4.15% 4.76% -2.5%

    Quarterly Gold Rate in Kozhikode from January 2020 to March 2020:

    • 2020 had started with the yellow metal standing at Rs.4,023 per gram on 1 January in Kozhikode. The rate of gold had seen an increasing trend of 4.15% during this month. The prices of the yellow metal had increased in the first week and had reached its highest price on two days of this month. On 9 January and 31 January, the metal had been priced at Rs.3,806 per gram. Many traders had taken refuge in the gold bullion market because of the tensions that had begun to brew in the Middle East. The impeachment inquiry by the U.S. President had also led to this sudden move. The traders had started to invest in the gold bullion market and this had driven a steady trend in the prices of the precious metal by the end of the month. On 16 January, the metal was being sold at Rs.3,890 per gram. The rates had remained at the very same figure for six days. From 16 January till 21 January, the price of the metal had stood at Rs.3,906. The price of gold had then skyrocketed to Rs.3,922 by the next day, 22 January. After showing an inclining trend for the next few days, the metal had closed at Rs.3,964 per gram on 31 January.
    • Gold had stepped its foot into February standing at Rs.3,964 per gram. The rates of this precious metal had stayed at the same figure till 3 February. Then, the price of the metal had dipped and stood at Rs.3,927 per gram on 6 February. On 11 February, Kozhikode witnessed the price of gold stand at Rs.3,959 per gram. The price remained the same for 3 days until 13 February. The price had then increased as a lot more coronavirus cases had been reported from various corners of the globe. By 14 February, the rates of the precious metal had hiked up to Rs.3,980 per gram and had remained at the same figure till 15 February. The precious metal had then witnessed a hike in its rate and on 19 February had recorded a price of Rs.3,990 per gram. The prices of the metal had then skyrocketed to Rs.4,027 per gram on 20 February. These prices had then gone through an increase. On 21 February, the price of one gram of gold had increased to Rs.4,053 per gram. For the next few days, the price of gold had continued to increase and finally stood at Rs.4,174 per gram on 25 February. This had been the highest price the metal had recorded in this month. The month closed with the metal being priced at Rs.4,153 per gram on 29 February.
    • In Kozhikode, the rates of gold in the month of March had gone through a fall as compared to the previous two months. The price had dipped from Rs.4,074 per gram on 1 March to Rs.3,969 per gram on 31 March. This is a fall of 2.5%. The decrease in price can be owed to the fears of the coronavirus that has been impacting the global economy pretty badly. The precious metal had then gone through a huge increase in its rates by 3 March and had touched Rs.4,085 per gram. The prices of gold had then reached Rs.3,885 per gram on 18 March. This was the lowest price recorded by the metal for this month. The sudden dip in the prices of this metal is because the traders had liquidated all their positions in gold. This move was made by them in spite of many central banks’ efforts to fight the pandemic. All traders had feared an economic fallout. On 22 March and 23 March, the price of gold stood at Rs.3,990 per gram. For the next eight days, the price of gold remained the same. From 24 March to 31 March, the rates had stood at Rs.3,969 per gram.

    Also Check Gold Price in Metro Cities

    Gold Investment Opportunities In Kozhikode

    Kozhikode with its love for gold, both for festivities and as well as form of storing wealth is considered quite popular here. The amount of gold a family holds boils down to the fact that it is straightforward indicator of how prosperous a family is. But besides of holding gold as wealth here are some of the important factors that may give one a clear idea about what the opportunities of investment for gold in Kozhikode are:

    Physical Gold: If you are buying gold in Kerala and specifically in Kozhikode, there are an array of options in jewellery to choose from. you also have the option of gold coins, that are quite popular because they come with purity certifications to avoid being cheated on.Besides jewellers in Kozhikode you can also buy gold from banks available at denominations based on your appetite for gold investment. Gold ornaments that are popular here include anklets, chains, earrings, nose rings, amulets and rings that serve dual purposes of investment or wealth and ornamentation. A lot of families that are prosperous might consider Gold statues of gods and goddesses as a form of gift with such demands surging around festivities in the area during Pongal and Diwali. Note, that gold in banks are considered to be a little more expensive. But you get branded gold that comes with purity certifications. Kalyan Jewellers is a well known jewellers all over Kozhikode.

    Market Trade:In Kozhikode people also invest in gold through the precious metal markets, with opportunities for trade in the National Commodity, National Multi Commodity Exchange, and Derivatives Exchange as well as the Multi Commodity Exchange. This is perfect for people who are willing to purchase in bullion with a minimum limit for trading at 1 kg. Also, people, inc current times should be aware how gold market functions especially based on the influence it has from global financial cues such as stock market, data releases, etc.

    Also Check Gold Price in NearBy Cities of Kozhikode

    Read more on Gold

    News About Kozhikode Gold Rate

    • Gold price trades lower on Tuesday

      On Tuesday, India Gold MCX October futures trade flat-to-lower after tracking muted trend seen in the international spot prices. Spot gold eased 0.2% percent to cost $1,801.78 per ounce having jumped about 1.4 percent in the previous session while U.S. gold futures were little changed at $1,804.90. On the Multi-Commodity Exchange (MCX), October gold contracts were trading 0.18 percent lower at Rs.47,499 per 10 grams. The price of silver was also down on Tuesday with the futures recording a decline of 0.21 percent to cost Rs.62,792 per kg.

      24 August 2021

    • Gold futures prices increase slightly in India on 5 July 2021

      Gold futures prices on MCX jumped by 0.05% on 5 July 2021 and were at Rs.47,310 for 10 grams. On 5 July, the prices of gold were subdued after touching a two-week high. The main reason was a strong dollar. However, gold prices saw small gains in the domestic markets. In the spot market, the highest purity gold was being sold at Rs.47,263 for 10 grams. In the international markets, spot gold prices fell by 0.1% and were at $1,785.41 for an ounce. Gold futures prices in the US jumped by 0.1% and were at 1,785.20 for an ounce.

      8 July 2021

    • Price of gold at Rs.47,730 per 10 gm while silver priced at Rs.72,300 per kg

      Gold prices dipped to Rs.47,730 for 10 gm for 22-carat gold from Rs.47,880 in the previous trade while silver was priced at Rs.72,300 per kg. The price of 22-carat gold in New Delhi was Rs.47,890 per 10 gm; the price in Chennai had decreased to Rs.46,060; while the price in Mumbai was Rs.47,730. For 24-carat gold, the price dipped to Rs.48,730 per 10 gm whereas in the previous trading session it was priced at Rs.48,880. The price of silver, however, increased by Rs.900 to settle at Rs 72,300 from the price of Rs 71,400 per kilogram in the previous trading session. The prices of spot gold also declined by 1.2% to settle at $1,875.31 per ounce while US gold futures dipped by 0.9% to settle at $1,879.6.

      14 June 2021

    • Gold traded flat and analysts have urged to buy on dips

      On the Multi-Commodity Exchange (MCX), gold contracts for the month of June had been trading higher by 0.02% and reached Rs.48,795 for 10 grams. The July futures for silver had been trading 0.02% lower and reached Rs.71,396 a kilogram. Spot gold had dipped 0.1% at $1,894.88 per ounce after it had reached its highest since 8 January at $1,912.50.

      31 May 2021

    • Yellow metal trades lower, silver near Rs.70,800

      Prices of gold and silver dropped as the value of dollar rose due to comments by US Federal Reserve Jerome Powell.

      The dollar index grew 0.1% making it more expensive to buy the yellow metal.

      Gold futures dropped 0.06% or Rs.27 at Rs.47,292 per 10 grams. The price of silver dropped 0.19% or Rs.137 to Rs.70,763 per kg.

      Spot gold dropped 0.2% at $1,789.02 per ounce, while US gold futures fell 0.2% to $1,788.80 per ounce.

      Palladium grew 0.2% to $2,976.83 per ounce. Silver fell 0.5% at $26.74 per ounce, while platinum dropped 0.1% to $1,228.94.

      4 May 2021

    • Punjab and Sind Bank, Bank of India among those offering lower interest rates on gold loans

      Gold prices have shown a fluctuating trend in the market over the past 6 months and have gained momentum yet again due to the rising number of COVID-19 cases in the country.

      Loans against gold come with an interest rate of 7.00% per annum. Punjab and Sind Bank is offering the lowest rate at 7% followed by Bank of India at 7.35% for a loan of Rs.5 lakh and a tenure of 3 years. Non-Banking Financial Corporations are charging a higher rate of interest at 9.24% per annum.

      The State Bank of India offers an interest rate of 7.50% followed by Canara Bank offering gold loans at 7.65%. Karnataka Bank, Indian Bank, UCO Bank, Federal Bank, and Punjab National Bank are offering an interest rate starting from 8.42% to 8.75%.

      23 April 2021

    • Gold trades flat in early trade on Thursday

      In the early trade in Indian markets on Thursday, gold was lacklustre due to profit-booking in the light of weak global cues. On the Multi-Commodity Exchange (MCX), April gold contracts were trading at Rs.44,835 for every 10 grams after dropping by 0.06 percent. MCX April gold is holding resistance at Rs.45,000 and only a sustained push would keep prices above Rs.45,200-45,440 level. Strong support is at Rs.44,600-44,500.

      In international market, the price of the yellow metal softened as the dollar rose against its global peers amid increasing number of Covid-19 cases and reports of extended lockdowns.

      Gold is having support at $1,722-1,710 per troy ounce and resistance at $1,745-1,758 per troy ounce. On the MCX, gold has support at Rs 44,660-44,500 and resistance at Rs 45,050-45,220. LBMA gold spot is sustaining above 21-daily moving average at $1,731 level while resistance is $1,742-$1,753 level.

      25 March 2021

    • Silver futures drop by 0.5%; gold records decline in prices

      On 12 March, gold and silver prices dipped by 0.5% due to optimism around the U.S. stimulus package and purchase of U.S. Treasury bonds. Gold futures for delivery in April dipped by 0.32% to Rs.44,737 per 10 grams and silver futures for May delivery was at Rs.67,207 per kg.

      In the international market, gold prices dipped on Friday due to a positive trend seen in the U.S. Treasury bond yields and a stronger dollar. Spot gold had fallen by 0.3% to $1,716.50 per ounce.

      Spot gold in India was Rs.44,625 per 10 grams and gold futures were priced at Rs.44,820 per 10 grams on the same day.

      15 March 2021

    • Gold prices record inclines; sees support around the Rs.46,000 level

      Gold futures for April showed a positive trend in the previous week due to the international price of the metal. Gold and silver prices showed an incline after dipping in its previous session due to the rise in the dollar value.

      On the Multi Commodity Exchange, gold contracts for April were trading higher by 0.26% at Rs.46,359 per 10 grams. Silver futures for March was trading higher as well by 0.15% at Rs.69,332 per kg. According to experts, the price of gold and silver could remain volatile and crucial support was seen for gold near the Rs.46,000 levels.

      In the international market, gold contracts settled at $1,772.80 per ounce while silver futures for March was trading at $27.30 per ounce.

      23 February 2021

    • Gold and silver trading lower on the MCX

      On the Multi-Commodity Exchange (MCX), gold contracts for April traded lower at Rs.47,195, or 0.13% lower, for 10 grams while the silver futures for March traded at Rs.68,555 per kg, or 0.27% lower. This was on 8 February 2021.

      10 February 2021

    • Gold prices fall below the Rs.49,000 mark on 19 January 2021

      Due to the muted trend in the global markets, gold futures prices for the month of February on MCX fell on 19 January 2021. Gold futures prices for the month of February on MCX fell by 0.11% and were at Rs.48,838 for 10 grams. In the international markets, gold prices were steady on 18 January and were at $1,829.90 for an ounce. Gold prices have fallen over the last two weeks. The prices of gold are expected to be choppy due to the progress of the coronavirus vaccine.

      19 January 2021

    • Gold hits 8-week high on Monday

      The yellow metal started the new year on a high by hitting an eight-week high on Monday. The increase in the rates was seen as COVID – 19 cases increased and prospects of tougher restrictions boosted the safe-haven metal’s appeal. Spot gold rose 1.4 percent to cost $1,923.70 per ounce while U.S. gold futures climbed 1.8 percent to cost $1,928.50. Among other metals, silver gained 2.8 percent to cost $27.10 per ounce while platinum and palladium increased by 2.5 and 0.2 percent to cost $1,095.34 and $2,452.87 respectively. It must be noted here that other commodities including oil, iron ore and copper also kicked off 2021 on a strong note.

      4 January 2021

    • Yellow metal trades below 50K; support seen at Rs.49,660

      Price of gold in India dropped below Rs.50,000 per 10 gm on 9 December due to encouraging COVID-19 vaccine news.

      On the Multi-Commodity Exchange (MCX), February gold contracts traded lower by 0.63% at Rs.49,495 per 10 gram. March silver was traded 1.3% lower at Rs.64,326 per kilogram.

      February gold futures contract ended $1,874.90 per troy ounce and March silver contract ended $24.74 per troy ounce.

      In the domestic market, both metals settled on a mixed note. February gold futures contract ended Rs.50,109 per 10 gram while March silver ended Rs.65,192 per kilogram.

      10 December 2020

    • Gold rates increase amidst pandemic and silver rates reach Rs.60,000

      On the MCX, gold had traded higher by Rs.120 higher and reached Rs.50,410. It had closed at Rs.50,282 per 10 gram. The September futures for silver had been trading higher by Rs.58 higher and reached Rs.60,230 per kg.

      In the international market, spot gold had gained by 0.5% and stood at $1,875.76 per ounce. The U.S. gold futures had been higher by 0.5% and reached $1,877. Silver prices had increased by 0.7% and reached $24.48 per ounce.

      The MCX gold had also corrected itself by 0.42%, and the spot gold rates had been lower by 0.53%.

      2 November 2020

    • Gold prices steady at Rs 50,663 per 10 gram, silver declines by Rs 571 per kg

      Prices of gold remained steady at Rs.50,663 per 10 gram in the Mumbai retail market due to a weaker rupee and subdued global cues. The yellow metal continues to trade lower on a firm dollar and doubts over US fiscal stimulus before November 3 election.

      The rate of 10 gram 22-carat gold in Mumbai was Rs.46,407, while 24-carat 10 gram was Rs.50,663. The 18-carat gold was recorded to be at Rs.37,997 plus GST.

      The US dollar index traded firm at 93.73, trading at day’s high as weaker risk sentiment increased its safe-haven appeal.

      Gold futures for December delivery dropped Rs.192, or 0.38%, at Rs.50,350 per 10 gram in evening trade on a business turnover of 14,866 lots. The same for February slipped Rs.74, or 0.15% percent, at Rs.50,550 on a business turnover of 1,103 lots.

      16 October 2020

    • Gold trade flat, placed at Rs.50,500

      India Gold MCX December Futures rose slightly on Thursday following as the trend in global markets looked positive. Experts believe that the next resistance level for gold is placed at Rs.50,500-50,660 per 10 gm.

      On the Multi-Commodity Exchange (MCX), December gold contracts traded flat at Rs.50,360 per 10 grams. December silver futures were rose 0.3% higher at Rs.60,099 per kg.

      Prices of yellow and white metal dropped on Wednesday due to delays in passing a second stimulus of $2.2 trillion in the house and disappointment presidential debate between Trump and Biden.

      Change US ADP non-farm employment change and pending home sales data also played a role in investors selling both the precious metals.

      Gold fell 0.40% and settled at $1895.50 per troy ounce and silver dropped 3.89% and settled at $23.49 per troy ounce.

      1 October 2020

    • Gold prices rise above Rs.50,000 ahead of the US Presidential debate

      The price of gold stayed steady, trading above Rs.50,000, after a 6-day freefall in prices. Gold October futures climbed to Rs.50,160, an increase of Rs.20, on the Multi Commodity Exchange. The intraday high was Rs.50,265 while Rs 50,138 per 10 gm was the previous close. The bullion was trading at R. 56,191 per 10 gm which was lower than its lifetime high by Rs.6,000. Silver futures in September were at Rs. 60,134 per kg today, an increase in Rs.260, with an intraday low of 60,060 per kg. On 7 August, it hit a lifetime high of Rs.77,949. Spot gold increased to $1,883.51 per ounce which was 0.1% more. U.S. gold futures stood at $1,888.40, an increase of 0.3%. Comex gold traded at $1,859 per ounce which was 0.37% higher. Silver dipped to $23.66 per ounce which was 0.2% less. Gold prices had risen 20% in 2020 but decreased by 10% slumped last week due to the dollar holding firm and new lockdowns in Britain and Europe over fresh coronavirus cases. In New Delhi, the price of physical 24-carat bullion per 10 gram dipped to Rs.52,750. In Chennai, the rate of 24-carat gold was Rs.52,050 per 10 grams. In Kolkata and Mumbai and Kolkata, the price of 24-Carat gold fell to lower to Rs.51,570 and Rs.49,260 respectively.

      30 September 2020

    • Gold prices increase and might retest around Rs.51,600

      On the Multi-Commodity Exchange (MCX), the gold contracts for October had been trading higher by 0.23% and had reached Rs. 51,572. When it comes to the silver futures for September, the prices had been trading around 0.28% higher at Rs.68,330 per kg.

      The Nifty50 and Sensex had shown a lot of weakness after the meeting by the U.S. Federal Reserve. The yellow metal had dipped by 1.05% and had reached $1,949.90 per troy ounce. Silver prices had also reduced by 1.3% and had reached $27.10 per troy ounce.

      The domestic markets had then ended on a weaker note. The gold futures contracts had reached Rs.51,453 with a loss of 0.72%. The futures for silver contracts had settled at Rs.68,142 with a loss of 0.93%.

      18 September 2020

    • Gold prices increase in India on 7 September after falling for three days

      The prices of gold increased in India on 7 September 2020 after falling for three days in a row. Gold futures prices for the month of October on MCX increased by 0.20% and were at Rs.50,792 for 10 grams. In the last session, the prices of the yellow metal fell by 0.10%. On 7 August 2020, the prices of gold hit record highs and were at Rs.56,200 for 10 grams. However, the prices of the yellow metal have fallen by Rs.5,000 since then. The demand for physical gold increased last week due to the drop in prices. In the international markets, the prices of gold increased due to a strong dollar.

      9 September 2020

    • Gold prices drop to Rs.51,000 per 10-gram range due to weak global trends

      Gold prices dropped in the Indian market tracking weak global cues in the international market. After the U.S. dollar value steadied in the market and with investors waiting for the Chairman of the U.S. Federal Reserve’s speech, focus on gold was low.

      On the Multi Commodity Exchange, gold contracts for October was trading at a marginally lower rate of Rs.51,856 per 10 grams with a percentage decline of 0.3%. Silver futures for September were also trading with a percentage decline of 0.9% at Rs.66,430 per kg.

      In the international market, gold was priced at $1,947.60 per ounce recording a weekly loss of 0.11%. however, silver in the global market increased by 3.06% and was priced at $26.8 per ounce.

      26 August 2020

    • Gold prices continue to remain more than Rs.55,000 on 7 August 2020

      Tracking positive gains in the international markets, the prices of gold in India increased on 6 August 2020. According to several experts, gold prices could rally towards Rs.55,600 if it stays above the Rs.55,150-levels. Gold futures prices for the month of October increased by 0.37% and were at Rs.55,300 per 10 grams. The prices of gold increased on 5 August as well. In the international markets, the prices of the yellow metal crossed the $2,050 for an ounce level. According to experts, the weak dollar and several measures that have been provided by governments and central banks have ensured that the prices of gold increased. In the previous session, gold prices increased due to expectations that several stimulus measures would be increased by central banks and a weak dollar. Gold prices in India are inclusive of 12.5% import duty and 3% GST.

      7 August 2020

    • Prices of gold fall in India for the second consecutive day on 10 July 2020

      Due to muted global rates, the prices of gold in India fell for the second consecutive day on 10 July 2020. The prices of the yellow metal reduced by 0.01% and are at Rs.48,872 for 10 grams.

      In the previous session, the prices of gold reduced by 0.6%. Earlier this week, the prices of gold hit record highs and were at Rs.49,348 for 10 grams. According to several analysts, there are concerns over the demand for gold because of the high prices. In the international markets, the prices of gold remained flat today. Spot gold prices are at $1,801.69 for an ounce, increasing by 1.5% over the course of the week. Gold futures prices in the US increased by 0.2% and are at $1,806.90 for an ounce. In times of political and financial uncertainties, gold is considered a safe haven. The prices of gold have been increasing due to the increase in the number of coronavirus cases. The tensions between China and the US have also affected the prices of gold. The prices of gold in India are inclusive of 3% GST and 12.5% import duty.

      10 July 2020

    • Gold prices increase after U.S. dollar value weakens

      Gold prices increased on Friday due to a weak dollar and a halt in the positive trends of the global equities market. Along with the economic damage from the crisis due to COVID-19, investors shifted to the bullion market from the equities amidst increased safe-haven demand.

      Spot gold increased by 0.2% at $1,714.78 per ounce and U.S. gold futures were down by 0.3% at $1,721.90 per ounce. Amidst the rise in prices, the bullion was set for a weekly drop for the third consecutive week. The dollar index had fallen more than 1.5% in the previous week which provided a boost to the bullion prices.

      The job data in the United States of America showed a negative trend due to economic damage during the COVID-19 crisis. The job data showed that jobless claims in the United States of America fell below 2 million for the first time since March. Along with this, the trade deficit of the U.S. increased in the month of April with exports recording a 10-year low.

      The European Central Bank released another expansion in its stimulus package in the previous week which provided an added boost to bullion prices.

      8 June 2020

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