• Gold Rate in Lucknow

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    10 Dec 2018 ₹ 3,025 ₹ 24,200 ₹ 3,176 ₹ 25,408
    09 Dec 2018 ₹ 3,025 ₹ 24,200 ₹ 3,176 ₹ 25,408
    08 Dec 2018 ₹ 3,025 ₹ 24,200 ₹ 3,176 ₹ 25,408
    07 Dec 2018 ₹ 3,045 ₹ 24,360 ₹ 3,197 ₹ 25,576
    06 Dec 2018 ₹ 3,015 ₹ 24,120 ₹ 3,166 ₹ 25,328
    05 Dec 2018 ₹ 3,015 ₹ 24,120 ₹ 3,166 ₹ 25,328
    04 Dec 2018 ₹ 2,980 ₹ 23,840 ₹ 3,129 ₹ 25,032
    03 Dec 2018 ₹ 2,960 ₹ 23,680 ₹ 3,108 ₹ 24,864
    02 Dec 2018 ₹ 2,960 ₹ 23,680 ₹ 3,108 ₹ 24,864
    01 Dec 2018 ₹ 2,960 ₹ 23,680 ₹ 3,108 ₹ 24,864

    *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 Lucknow

    Gold in India is bought primarily as jewelry and ornaments, and secondarily as a means of investment. The case is no different in Lucknow, the capital city of the state of Uttar Pradesh. The “golden city” as it’s called is home to over 4 million people and is a highly developed urban city.

    Trend of Gold Rate in Lucknow for October 2018 (rates per gram)

    Parameters Gold price (24 carat)
    October 1 Rate Rs.3,140 per gram
    October 31 Rate Rs.3,260 per gram
    Highest Rate in October Rs.3,271 per gram on 26 October
    Lowest Rate in October Rs.3,140 per gram on 1, 2 and 3 October
    Overall Monthly Performance Incline
    Percentage Change 3.82%

    Trend of Gold Rate in Lucknow for September 2018 (rates per gram)

    Parameters Gold price (24 carat)
    September 1 Rate Rs.3,103 per gram
    September 30 Rate Rs.3,140 per gram
    Highest Rate in September Rs.3,155 per gram from 26 - 27 September
    Lowest Rate in September Rs.3,082 per gram on 4 September
    Overall Monthly Performance Incline
    Percentage Change 1.19%

    Trend of Gold Rate in Lucknow for August 2018 (rates per gram)

    Parameters Gold price (24 karat)
    August 1 Rate Rs.3,050 per gram
    August 31 Rate Rs.3,092 per gram
    Highest Rate in August Rs.3,092 per gram on 31 August
    Lowest Rate in August Rs.3,014 per gram on 20 - 21 August
    Overall Monthly Performance Incline
    Percentage Change 1.37%
    Comparison for 24 K Gold Rates for Lucknow August 2018
    Graph for Gold Rate (24K) in Lucknow August 2018

    August 2018 - Week 1 (1 - 5):

    • Trading opened for the month with gold in Lucknow priced at Rs.3,050 per gram on the 1st with consistent demand from local industries, retailers and jewellers amid positive cues overseas.
    • However, with the US dollar gaining against other apex currencies ahead of the US Federal Reserve’s announcement, demand for the metal dropped during the week.
    • Gold was recorded trading at Rs.3,045 per gram on the 2nd before dropping to Rs.3,035 per gram on the 3rd amid the strong greenback and equity markets.
    • When the week ended, gold price in Lucknow was recorded holding at Rs.3,035 per gram on the 5th amid market speculations.

    August 2018 - Week 2 (6 - 12):

    • The week began with gold rate in Lucknow holding firm at Rs.3,035 per gram on the 6th with bullion markets capitalising on the gains from the previous week.
    • Gold in Lucknow continued trading at the same rate the next day before dropping slightly to Rs.3,029 per gram on the 8th on account of the recovering US dollar index and rising stock markets.
    • Thanks to the subdued but steady demand from domestic industries and jewellers, gold price in Lucknow remained untouched at Rs.3,029 per gram until the 11th.
    • The 12th, however, saw gold rate in Lucknow surging to Rs.3,050 per gram as the US dollar weakened following the poor US jobs and payrolls’ data.

    August 2018 - Week 3 (13 - 19):

    • The third week began with gold in Lucknow priced at Rs.3,050 per gram on the 13th with steady investor demand amid the weakened US greenback.
    • Gold price in Lucknow remained untouched at Rs.3,050 per gram the next day before dropping to Rs.3,035 per gram on the 15th with the US dollar index regaining lost ground against other apex currencies.
    • Strong dollar performances coupled good returns on the equities led to gold rate in Lucknow plummeting to a monthly low of Rs.3,003 per gram on the 17th.
    • Poor global cues coupled with subdued demand from local industries, retailers and jewellers led to gold in Lucknow trading at Rs.3,003 per gram for the remainder of the week.

    August 2018 - Week 4 (20 - 26):

    • The penultimate week opened with gold price in Lucknow holding at Rs.3,014 per gram on the 20th with domestic markets picking up pace from the previous week’s losses.
    • Gold in Lucknow continued trading at the same rate before an incline in retail purchases led to prices surging to Rs.3,024 per gram on the 22nd.
    • Strong market trends coupled with steady local demand from jewellers and retailers led to gold rate in Lucknow rising further to Rs.3,040 per gram on the 23rd.
    • With demand stabilising over the next few days, gold price in Lucknow was recorded holding at Rs.3,035 per gram during the closing house of the week.

    August 2018 - Week 5 (27 - 31):

    • The week of trading commenced in Lucknow with gold priced at Rs.3,035 per gram on the 27th amid the positive trend overseas.
    • With market speculating ahead of the US Federal Reserve Chairman’s statement, the US dollar dropped considerably during the week.
    • Favourable market trends overseas coupled strong domestic demand led to gold price in Lucknow holding steady at Rs.3,082 per gram on the 28th and the 29th.
    • Rates dropped to Rs.3,077 per gram on the 30th before rebounding to monthly high of Rs.3,092 per gram on the last day with domestic bullion markets capitalising on the week’s gains.
    • Gold rate in Lucknow rose by 1.37% owing the positive global cues that pushed demand higher during the course of the week.

    Trend of Gold Rate in Lucknow for July 2018 (rates per gram)

    Parameters Gold price (24 carat)
    July 1 Rate Rs.3,059 per gram
    July 31 Rate Rs.2,986 per gram
    Highest Rate in July Rs.3,071 per gram on 6 July
    Lowest Rate in July Rs.2,990 per gram on 27 July
    Overall Monthly Performance Decline
    Percentage Change -2.38%
    Comparison for 24 K Gold Rates for Lucknow July 2018
    Graph for Gold Rate (24K) in Lucknow July 2018

    July 2018- Week 1 (1-6)

    • The month began with gold priced at Rs.3,124 per gram in Lucknow as demand for the precious metal was on the wane.
    • The dollar strengthened on positive cues from U.S. inflation data, which supported a Fed Reserve interest rate rise, as gold rates in Lucknow continued to drop.
    • Poor local demand also put pressure on the precious metal, as trade war fears led to some interest in gold overseas.
    • The week ended with gold trading at a slight advantage thanks to overseas demand at Rs.3,134 per gram on 6 July.

    July 2018- Week 2 (7-13)

    • Demand for gold continued to be steady into the second week, with the precious metal opening at Rs.3,140 per gram on 7 July.
    • The weakened dollar as a result of trade war fears helped bolster demand for bullion, as the precious metal continued to rise during trading sessions.
    • The recovery of the Chinese Yuan after its steep drop led to reduced demand for bullion from Asia, as the metal traded at Rs.3,134 per gram on 10 July.
    • Local industrial demand was sluggish as the low rupee made imports more expensive, though overseas demand was steady.
    • The week ended with a slight change in gold rates in Lucknow, as they dipped to Rs.3,103 per gram on 13 July.

    July 2018- Week 3 (14-20)

    • There was a steady decline in the price of gold in the third week as local and industrial demand were on the wane due to market forces.
    • Gold was priced at Rs.3,092 per gram on 14 July and remained constant for a few days as the recovering dollar led to falling demand for precious metals.
    • Tensions between the U.S. and China over trade as well as internal political crises led to volatile markets, but gold rates continued to fall.
    • The precious metal traded at Rs.3,061 per gram on 20 July, marking a steep fall of Rs.31 over the course of the week.

    July 2018- Weeks 4 and 5 (21-31)

    • The drop in gold rates in Lucknow continued as poor demand and a falling rupee dented local prices.
    • Gold opened at Rs.3,061 per gram on 21 July, the prices remaining unchanged as unsteady stock markets led to some investors increasing their stakes in gold.
    • As a result of fears sparked by renewed trade war rhetoric, gold prices jumped to Rs.3,082 per gram on 23 July.
    • Prices quickly fell as demand could not be sustained, with the precious metal priced at Rs.3,077 per gram on 27 July.
    • Local and international industrial demand was muted due to the rising dollar rate, as gold prices tumbled to Rs.3,056 per gram as the month ended.

    Trend of Gold Rate in Lucknow for June 2018 (rates per gram)

    Parameters Gold price (24 karat)
    June 1 Rate Rs.3,187 per gram
    June 30 Rate Rs.3,119 per gram
    Highest Rate in June Rs.3,192 per gram on 16 and 17 June
    Lowest Rate in June Rs.3,119 per gram on 30 June
    Overall Monthly Performance Decline
    Percentage Change 2.13%
    Comparison for 24 K Gold Rates for Lucknow June 2018
    Graph for Gold Rate (24K) in Lucknow June 2018

    June 2018 - Week 1 (1 - 10):

    • Gold was recorded trading at Rs.3,187 per gram when the month began in Lucknow with strong local demand amid the positive trend overseas.
    • Prices dropped to Rs.3,155 per gram on the 3rd with the US dollar gaining significant ground after the release of the stronger-than-expected US employment data.
    • Poor demand coupled with global cues led to gold rates plunging further to Rs.3,045 per gram on the 5th at the domestic level.
    • With the well-performing US dollar curbed by uncertainties ahead of the latest G7 summit, gold prices recovered to Rs.3,050 per kg on the 6th.
    • Rates rose further to Rs.3,055 per gram on the 7th before plummeting to Rs.3,050 per gram on the 8th with domestic demand held in check by the recovering US dollar index.
    • The 9th, however, saw gold prices surging to Rs.3,187 per gram - an incline of Rs.37 - as the dollar lost significant ground after the US President targeted other participating nations of the G7 summit over the trade policy.
    • The rest of the week saw gold rates holding firm at Rs.3,187 per gram, thanks to steady demand from local industries, retailers and jewellers amid strong global cues.

    June 2018 - Week 2 (11 - 17):

    • The week opened with gold rates holding firm at Rs.3,187 per gram on the 11th as bullion markets capitalised on the previous session’s gains, keeping prices steady at the domestic level.
    • However, with market participants refraining from making purchases ahead of the summit between North Korea and the United States, gold prices in Lucknow dropped to Rs.3,166 per gram on the 14th.
    • The 15th witnessed rebounding to Rs.3,192 per gram - the highest recorded monthly figure - after the European Central Bank announced its decision to leave its interest rates untouched until 2019.
    • The week came to an end with gold rates holding firm at Rs.3,192 per gram on the 17th with steady investor demand amid the rising US-Sino trade war concerns.

    June 2018 - Week 3 (18 - 24):

    • Gold was recorded trading at Rs.3,161 per gram - a drop of Rs.31 from the previous session - on the 18th - after a significant rise in the dollar value resulted in declining interest in the metal.
    • Rates dropped to Rs.3,150 per gram the next day before recovering to Rs.3,166 per kg on the 20th with the bullion backed by positive market trends overseas.
    • An increase in industrial offtake during the week led to prices remaining untouched at Rs.3,166 per gram until the 22nd.
    • The 23rd saw gold rates plummeting to Rs.3,124 per gram after bullion markets tumbled as the US dollar index touched record highs against other emerging currencies.
    • Poor investor demand coupled with weak global trends led to gold trading at Rs.3,124 per gram for the remainder of the week.

    June 2018 - Week 4 (25 - 30):

    • When trading commenced for the final week, gold rates were recorded holding at Rs.3,134 per gram on the 25th.
    • Gold continued trading at the same price until the 27th before a drop in domestic demand brought about by the strong dollar index led to rates dropping to Rs.3,129 per gram on the 28th.
    • The 29th saw gold prices surging to Rs.3,140 per gram as domestic investors capitalised on the weakened greenback as the dollar index lost against a basket of other major currencies.
    • The month came to an end with gold trading lower at Rs.3,119 per gram on the 30th after the US dollar bounced back from its previous losses, flatlining domestic demand for the metal.
    • Lucknow registered a loss of 2.13% in gold trade owing to the poor global cues that pushed demand lower at the domestic level during the month.

    Trend of Gold Rate in Lucknow for May 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    May 1 Rate Rs.3,192 per gram
    May 31 Rate Rs.3,187 per gram
    Highest Rate in May Rs.3,234 per gram on 14 May
    Lowest Rate in May Rs.3,171 per gram on 18 May
    Overall Monthly Performance Decline
    Percentage Change -0.15%
    Comparison for 24 K Gold Rates for Lucknow May 2018
    Graph for Gold Rate (24K) in Lucknow May 2018

    May 2018 - Week 1 (1st - 6th)

    • Gold rates in Lucknow dropped initially before an increase in international demand amid the weakened US dollar led to prices recovering towards the end of the week.
    • Trading began for the month with the precious metal priced at Rs.3,192 per gram on the 1st amid firm overseas cues.
    • However, a decline in demand brought about by the gaining dollar led to gold prices plunging to Rs.3,176 per gram on the 3rd.
    • With the US dollar failing to capitalise on its gains from the previous session, investors gravitated towards the bullion. This led to gold rates rebounding over the next couple of days.
    • The week ended with gold rates holding at Rs.3,197 per gram on the 6th with steady demand from local jewellers and retailers amid positive market trends.

    May 2018 - Week 2 (7 th- 13th)

    • The week began with gold trading at Rs.3,197 per gram on the 7th with consistent demand from global as well as domestic investors.
    • With the US dollar losing ground amid the rising US-Sino trade war concerns, demand for the metal surged. This led to rates surging to Rs.3,203 per gram on the 8th.
    • Gold price in Lucknow remained untouched at Rs.3,203 per gram until the 10th before an increase in industrial orders from the Asian continent led to prices rising to Rs.3,208 per gram on the 11th.
    • Steady global demand coupled with favourable market cues resulted in gold prices holding at Rs.3,208 per gram for the remainder of the week.

    May 2018 - Week 3 (14th- 20th)

    • The third week of trading began in Lucknow with the yellow metal priced at Rs.3,234 per gram on the 14th with strong safe-haven demand from market participants amid the ongoing geopolitical tensions.
    • Demand stabilised over the next couple of days with the dollar recovering from the previous days’ losses and gold was recorded trading at Rs.3,213 per gram on the 15th and the 16th.
    • However, with investor sentiments renewed ahead of the US-North Korean summit, the dollar rose against a basket of other emerging currencies.
    • Poor trends overseas coupled with declining domestic demand for the metal led to gold price in Lucknow dropping to Rs.3,187 per gram on the 17th before plunging further to Rs.3,171 per gram on the 18th.
    • The week came to an end with gold rates finishing relatively higher at Rs.3,192 per gram on the 20th, thanks to an increase in domestic orders from local industries, retailers and industries.

    May 2018 - Week 4 (21st - 27th)

    • The week saw gold price in Lucknow fluctuating considerably with demand vagaries brought about by the unevenly performing US dollar and equity markets.
    • When trading commenced for the week, the precious metal prices were recorded holding at Rs.3,192 per gram on the 21st.
    • However, with the trade war concerns receding in the markets, the US dollar strengthened. This led to gold being priced at Rs.3,182 per gram on the 22nd and the 23rd.
    • Thanks to an increase in industrial orders from domestic markets, prices recovered to Rs.3,192 per gram on the 24th.
    • Strong local demand coupled with positive market trends over the next couple of days led to gold being priced at Rs.3,203 per gram and Rs.3,213 per gram on the 25th and the 26th respectively.
    • Trading concluded for the week with the yellow metal priced at Rs.3,203 per gram on the 27th as domestic demand stabilised amid the recovering dollar index.

    May 2018 - Week 5 (28th - 31st)

    • The final week began with gold prices in Lucknow holding steady at Rs.3,203 per gram on the 28th with domestic bullion markets tracking a firm trend overseas.
    • However, with the US greenback gaining against a basket of other apex currencies, demand for gold declined. This led to rates dropping to Rs.3,187 per gram on the 29th.
    • The month came to an end with prices holding at Rs.3,187 per gram with subdued but steady demand from local retailers, jewellers and industries.
    • Strong dollar performances coupled with good returns on equities led to bullion trade dropping by 0.15% in Lucknow.

    Trend of Gold Rate in Lucknow for April 2018 (rates per gram for 24 karat gold)

    Parameters Gold Price(24 karat)
    Gold Rate on 1st April 2018 Rs.3,140 per gram
    Gold Rate on 30th April 2018 Rs.3,208 per gram
    Highest Rate in April Rs.3,224 per gram on 20 April
    Lowest Rate in April Rs.3,129 per gram on 7 April
    Overall Monthly Performance Incline
    Percentage Change 2.16%

    Comparison for 24 K Gold Rates for Lucknow April 2018
    Graph for Gold Rate (24K) in Lucknow April 2018

    April 2018- Week 1 (1st -7th)

    • Demand for gold fluctuated in the first week of April in Lucknow, with the precious metal opening the week at Rs.3,140 per gram.
    • Prices rose to Rs.3,161 per gram on 4 April as tensions over trade tariffs between the U.S. and China escalated, leading to more demand for safe-haven assets like gold.
    • As the dollar recovered from an initial loss in value, demand for gold fell due to higher import costs and traded at Rs.3,134 per gram on 6 April.
    • Gold prices fell to Rs.3,129 per gram on 7 April following a steady drop in local demand.

    April 2018- Week 2 (8th-15th)

    • Gold prices were stable as the week began before favourable cues led to a sharp increase in prices.
    • The yellow metal traded at Rs.3,140 per gram on 8 April and remained unchanged till 11 April due to steady demand from local jewellers and unstable equity markets.
    • International demand for the metal fluctuated as the dollar strengthened, resulting in a drop in orders from Asia due to the increased cost.
    • 12 April saw gold prices jump to Rs.3,166 per gram as the fallout from the Syria attack and possible U.S. involvement led to equity markets crashing.
    • Gold rose to Rs.3,197 per gram on 13 April before settling at Rs.3,187 per gram as the week ended on 15 April.

    April 2018- Week 3 (16th-22nd)

    • Stock markets continued to be volatile as markets reacted to the Syrian crisis and escalating Sino-U.S. trade war fears.
    • Gold traded at Rs.3,208 per gram on 16 April as global demand for the metal rose.
    • As the dollar rose and markets recovered from last week’s losses, there was a slight drop in interest in gold.
    • Prices fell to Rs.3,197 per gram on 18 April as local demand also dropped due to international cues.
    • Prices rebounded towards the middle of the week, rising to Rs.3,224 per gram on 20 April.
    • The week ended with gold falling to Rs.3,218 per gram on 22 April on sluggish overseas demand.

    April 2018- Week 4 (23rd-30th)

    • Demand for gold in the last week of April saw some fluctuation in price as local demand dropped due to declining retail sales.
    • The precious metal was priced at Rs.3,218 per gram on 23 April and dropped to Rs.3,197 per gram on 25 April on weakening demand across the globe.
    • The strengthening dollar as well as a reduction in trade tensions with China led to stable equity markets in the U.S., reducing investor interest in gold.
    • Prices rose briefly to Rs.3,213 per gram on 26 April before falling to Rs.3,208 per gram as the month ended on 30 April.
    • In spite of a slump at the end of the month, gold prices rose by 2.16% over the course of the month.

    Trend of Gold Rate in Lucknow for March 2018 (per gram of 24 karat gold)

    Parameters Gold Price(24 karat)
    March 1 Rate Rs.3,113 per gram
    March 31 Rate Rs.3,134 per gram
    Highest Rate in March Rs.3,171 per gram on 25 and 26 March
    Lowest Rate in March Rs.3,098 per gram on the 19 and 20 March
    Overall Monthly Performance Incline
    Percentage Change 0.67%

    Comparison for 24 K Gold Rates for Lucknow February 2018
    Graph for Gold Rate (24K) in Lucknow February 2018

    March 2018 - Week 1 (1st - 4th)

    • When trading began for the month, the yellow metal was recorded trading at Rs.3,113 per gram on the 1st amid the rising US dollar and well-performing stock markets.
    • Strong dollar performances coupled with reduced global demand resulted in gold rate in Lucknow was at Rs.3,108 per gram on the 2nd and the 3rd.
    • However, a rise in demand from local jewellers, retailers and industries after tracking a positive trend overseas led to gold prices in Lucknow surging to Rs.3,134 per gram on the 4th.

    March 2018 - Week 1 (5th - 11th)

    • The week witnessed significant fluctuations in gold prices with investors and traders gravitating towards the bullion amid the unevenly performing dollar and unstable equity markets.
    • The week began with gold prices holding steady at Rs.3,134 per gram on the 5th with the bullion market holding its gains from the previous week.
    • However, with the US dollar dominating against a basket of currencies in the international markets, prices dropped to Rs.3,129 per gram on the 6th.
    • Though gold rate in Lucknow plunged further to Rs.3,119 per gram on the 7th amid the weak global cues, the 8th saw gold prices in Lucknow rebounding to Rs.3,140 per gram as demand picked up globally after the US dollar index lost against other major currencies.
    • The next couple of days saw gold rates fluctuating after uncertainties in the equity markets resulted in an unsteady US greenback. The precious metal was recorded trading at Rs.3,129 per gram and Rs.3,134 per gram on the 9th and the 10th respectively.
    • The week came to an end with the yellow metal prices holding steady at Rs.3,134 per gram with steady demand from local jewellers, retailers and industries.

    March 2018 - Week 3 (12th - 18th)

    • The third week saw the bullion trade greatly influenced by the political uncertainties in the US that resulted in varying prices throughout the week.
    • Trading opened for the week with the precious metal priced at Rs.3,134 per gram on the 12th with steady demand in the domestic bullion market.
    • However, a rise in the dollar value coupled with firmer equities led to gold rates plunging to Rs.3,124 per gram on the 13th.
    • Prices remained untouched at Rs.3,124 per kg on the 14th before rebounding to Rs.3,129 per kg the next day after the US Secretary of State was fired unexpectedly by the White House.
    • The dollar, however, regained lost ground despite the political uncertainties and pushed gold rates to Rs.3,119 per gram on the 16th.
    • With the dollar holding on to its previous session’s gains, bullion prices dropped further to Rs.3,103 per gram on the 17th.
    • Poor global trends compounded with reduced local demand led to gold rates closing at Rs.3,103 per gram on the 18th.

    March 2018 - Week (19th - 25th)

    • The week began with gold rates in Lucknow registering its lowest recorded monthly figure of Rs.3,098 per gram on the 19th amid the firm US greenback.
    • Rates remained untouched at Rs.3,098 per gram the next day before rebounding to Rs.3,113 per gram the following day owing to an increase in industrial offtake for the metal.
    • The 23nd saw prices rising to Rs.3,134 per gram with equity markets falling after the dismissal of Rex Tillerson, the US Secretary of State.
    • An increase in demand from the Asian continent amid the weakening dollar led to gold rates surging to Rs.3,145 per gram on the 24th.
    • The week concluded with the precious metal prices holding at Rs.3,171 per gram - the highest recorded monthly figure - on the 25th with strong demand amid the shaky greenback.

    March 2018 - Week (26th - 31st)

    • The final week gold rates declining considerably with demand taking a hit after the US dollar capitalised on market gains following the appointment of the new US Secretary of State John J Sullivan by Donald Trump.
    • The week began with gold prices holding firm at Rs.3,171 per gram on the 26th after the bullion trade held on to its previous week’s gains amid positive global cues.
    • However, with the greenback regaining lost ground amid in the international market, gold prices dropped to Rs.3,166 per gram on the 28th.
    • Gold rates remained untouched at Rs.3,166 per gram the next day before plunging to Rs.3,134 per gram on the 30th amid the strengthening US dollar and rising equities.
    • The month ended with the bullion prices holding at Rs.3,134 per gram with subdued but steady demand from jewellers, retailers and industries. Lucknow recorded an incline of 0.67% in gold rates during the course of the month.

    Trend of Gold Rate in Lucknow for February 2018 (per gram of 24 karat gold)

    Parameters Gold Price(24 karat)
    February 1 Rate Rs.3,077 per gram
    February 28 Rate Rs.3,129 per gram
    Highest Rate in February Rs.3,161 per gram on 18 and 19 February
    Lowest Rate in February Rs.3,035 per gram from on 9 February
    Overall Monthly Performance Incline
    Percentage Change 1.68%

    Comparison for 24 K Gold Rates for Lucknow January 2018
    Graph for Gold Rate (24K) in Lucknow January 2018

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    Trend of Gold Rate in Lucknow for January 2018 (per gram of 24 karat gold)

    Parameters Gold Price(24 karat)
    January 1 Rate Rs.3,010 per gram
    January 31 Rate Rs.3,066 per gram
    Highest Rate in January Rs.3,120 per gram on 24 and 25 January
    Lowest Rate in January Rs.3,010 per gram from 1 to 3 January
    Overall Monthly Performance Incline
    Percentage Change 1.86%

    Comparison for 24 K Gold Rates for Lucknow December 2017
    Graph for Gold Rate (24K) in Lucknow December 2017

    January 2018 – Week 1 (1 to 7):

    When trading began in Lucknow, the precious metal was priced at Rs.3,010 per gram on the 1st amid the strengthening dollar and equities.

    Thanks to steady demand from local jewellers, retailers and industries, gold rates remained untouched at Rs.3,010 per gram until the 3rd.

    Prices surged to Rs.3,045 per gram on the 4th after the US dollar lost against a basket of other emerging currencies in the international market.

    Though rates plunged to Rs.3,030 per gram the next day amid weak global cues, the 5th saw gold prices rebounding to Rs.3,045 per gram with the dollar weakening ahead of the US jobs and payrolls’ data.

    The US employment data, however, proved to be weaker than expected and resulted in the US dollar index losing ground. Steady demand amid positive trends overseas led to gold being priced at Rs.3,045 per gram on the 6th.

    The week concluded with the bullion priced relatively higher at Rs.3,050 per gram on the 7th with steady demand from local jewellers, retailers and industries amid firm trends overseas.

    January 2018 – Week 2 (8 to 14):

    The second week opened with gold prices holding steady at Rs.3,050 per gram on the 8th amid the weakened US dollar and equities market.

    Though rates dropped to Rs.3,045 per gram on the 9th, gold prices rebounded to Rs.3,051 per gram the next day with the dollar losing ground against other emerging currencies.

    The 11th saw the yellow metal prices declining to Rs.3,041 per gram which surged to Rs.3,061 per gram on the 12th after the precious metal hit near seven-week highs in the international bullion market.

    Strong global cues brought about by a weak US dollar index and poorly performing equities led to gold rates in Lucknow surging further to Rs.3,078 per gram on the 13th.

    The week came with the gold prices holding as high as Rs.3,099 per gram on the 14th with strong demand from local industries, retailers and industries amid positive global cues.

    January 2018 – Week 3 (15 to 21):

    Trading began for the third week with the bullion prices holding firm at Rs.3,099 per gram on the 15th amid strong overseas trends.

    Positive overseas trends coupled with steady domestic demand led to gold prices remaining unchanged at Rs.3,099 per gram the next day.

    The 17th saw gold rates surging to Rs.3,115 per gram after the weakened dollar and equities led to an increased demand for the yellow metal.

    On the 18th, prices plunged to Rs.3,095 per gram after the US dollar regained lost ground from the previous rally of losses.

    Despite the weak trend overseas, demand remained strong for much of the week. Gold was recorded trading at Rs.3,095 per gram on the 19th and the 20th with steady demand from local industries and retailers.

    With markets speculating over a possible US government shutdown scenario, the US dollar index lost against a basket of other apex currencies. This led to gold being priced at Rs.3,115 per gram on the 21st.

    January 2018 – Week 4 (22 to 28):

    The fourth week began in Lucknow with the precious metal trading firm at Rs.3,115 per gram on the 22nd tracking a steady demand from the previous week’s trends.

    Gold rates dropped to Rs.3,110 per gram the next day before rebounding to Rs.3,120 per gram on the 24th after the US dollar lost against other apex currencies in the international market.

    With gold prices touching near 16-month highs in the bullion market, gold rates in Lucknow were recorded holding steady at Rs.3,120 per gram on the 25th.

    The rest of the week saw gold prices declining after demand declined amid the recovering US dollar and equity markets.

    The week came to an end with the bullion being priced at Rs.3,077 per gram on the 28th amid poor trends overseas.

    January 2018 – Week 5 (29 to 31):

    The last week commenced with gold rates holding at Rs.3,077 per gram on the 29th with steady demand from local jewellers, retailers and industries.

    With the US dollar and equities recovering from the previous losses, gold prices dropped to Rs.3,066 per gram on the 30th.

    Trading concluded for the month with the yellow metal priced at Rs.3,06 per gram on the 31st with steady domestic demand despite the weak trends globally.

    Lucknow registered an incline of 1.86% in gold rates owing to the strong global cues that pushed demand higher during the course of the month

    Trend of Gold Rate in Lucknow for December 2017 (per gram of 24 karat gold)

    Parameters Gold Price(24 karat)
    December 1 Rate Rs.3,016 per gram
    December 31 Rate Rs.3,020 per gram
    Highest Rate in December Rs.3,036 per gram from 2 to 4 December
    Lowest Rate in December Rs.2,940 per gram on 11 to 13 December
    Overall Monthly Performance Incline
    Percentage Change 0.13%

    Comparison for 24 K Gold Rates for Lucknow November 2017
    Graph for Gold Rate (24K) in Lucknow November 2017

    December 2017 – Week 1 (1 to 10):

    The week began in Lucknow with the bullion priced at Rs.3,016 per gram on the 1st amid firm overseas trends.

    The dollar, however, weakened after a landmark US tax reform bill hit a roadblock in the US Senate. This led to gold prices rising to Rs.3,036 per gram on the 2nd.

    Steady domestic demand coupled with strong trends overseas led to gold prices remaining untouched at Rs.3,036 per gram until the 4th.

    With the US Senate clearing the US tax reform plan by setting aside differences between the members of the House and Republicans, the US dollar regained lost ground. This led to gold being priced at Rs.2,998 per gram on the 5th.

    Strong dollar rates compounded by firmer equities markets led to gold rates plummeting over the next few days.

    On the 7th, the precious metal was recorded trading at Rs.2,983 per gram following a decline in domestic demand amid the poor trend overseas.

    With the bullion trade hitting their lowest figure in the past four months and investors focussing on the US central bank’s monetary policy next week, gold rates plummeted to Rs.2,950 per gram on the 8th.

    However, an incline in domestic demand from local jewellers, retailers and industries amid the ongoing wedding season led to gold prices rising slightly to Rs.2,955 per gram on the 9th.

    The week concluded with the yellow metal prices holding steady at Rs.2,955 per gram on the 10th with subdued but steady demand amid the weak trends overseas.

    December 2017 – Week 2 (11 to 17):

    When trading began for the second week, the precious metal prices were recorded holding at Rs.2,940 per gram on the 11th with poor domestic demand amid the strengthening US dollar and rising equities.

    The next couple of days witnessed prices remaining untouched at Rs.2,940 per gram with poor demand from local industries, retailers and industries.

    Though prices rebounded to Rs.2,960 per gram on the 14th after the Fed rate hike led to a decline in the dollar value, the 15th saw gold rates plummeting to Rs.2,945 per gram with the US greenback recovering from the initial shock.

    The 16th saw gold prices rising to Rs.2,955 per gram after a decline in the US dollar index led to an increase in demand for the metal.

    The week came to an end with the precious metal continuing to trade at Rs.2,955 per gram on the 17th owing to the subdued but steady demand from local jewellers, industries and retailers.

    December 2017 – Week 3 (18 to 24):

    The week opened with the bullion trading at Rs.2,950 per gram on the 18th following a marginal decline in demand from the previous week.

    The 19th saw gold prices rising to Rs.2,960 per gram as investors and traders began speculating on the final outcome of the country’s biggest tax system overhaul in thirty years on the US economy.

    Prices remained unchanged at Rs.2,960 per gram on the 20th before surging to Rs.2,965 per gram on the 21st with the US dollar losing against a basket of other emerging currencies in the international market.

    On the 22nd, gold rates dropped to Rs.2,960 per gram which rebounded to Rs.2,985 per gram the following day after the Asian share markets collapsed against the newly approved US tax cuts.

    Strong demand for the metal coupled with positive cues globally led to gold rates remained untouched at Rs.2,985 per gram for the remainder of the week.

    December 2017 – Week 4 (25 to 31):

    The final week began in Lucknow with gold priced relatively lower at Rs.2,975 per gram on the 25th after a decline in domestic demand from the previous week.

    The next day saw gold prices rising to Rs.2,985 per gram after the US dollar lost against a basket of other emerging currencies amid the poorly performing equities.

    With the precious metal hitting the $1,300 mark in the global bullion market, gold rates surged to Rs.2,995 per gram on the 27th.

    With the US dollar and equities performing poorly, demand for gold surged in the city. The yellow metal was recorded trading at Rs.3,015 per gram on the 28th before rising to Rs.3,020 per gram on the 30th amid the firm trend overseas.

    Trading concluded for the month with the bullion trading firm at Rs.3,020 per gram on the 31st, thanks to strong demand by local jewellers, retailers and industries amid the positive global cues.

    Gold rates in Lucknow rose by 0.13% owing to the strong global trends that pushed demand higher during the course of the month.

    Gold bullion is gold that is bought from a certified authority, and is in the form of bars, tablets or standard-sized pieces, used primarily as an invested commodity. These bars, etc. are available at the current price per gram multiplied by the amount of grams you wish to buy. Gold bullion is generally traded in weightages over 500 grams, the most common being 1 kilo. Most gold bullion is internationally tradable, depending on the body from which you purchase the gold.

    Gold coins are the most common form of gold investment in Lucknow and the rest of India. While gold bullion is the safer, better and more accepted version of tradable gold, gold coins are far easier to acquire – as they are cheaper, smaller and represent smaller investments. Fluctuations in the price effect bullion and coins in the same way, and the risk and reward will be proportional to the amount of cash invested in gold. Gold coins are available from most gold merchants and the weightages available range from 1 gram to 500 grams.

    Jewelry and ornaments are still the largest form in which gold is bought and sold in India. While there are more pure forms of gold that are far more easily tradable, transportable and storable – most Indians prefer to buy gold in the form of jewelry and ornaments. This is to increase the utility of the asset in terms of a daily use item and also as a means of preserving the asset value, should the need arise to sell it.

    Fluctuations in the gold price over time can be used as a huge advantage for the investor, if he studies the charts and historical data well. It’s also important to read up on the factors that affect the gold rate, such as the strength of the US Dollar, demand versus supply, international currency movements, etc.

    The gold rate fluctuates, and it is during these fluctuations that investors can make money. At the start of April, 2015, the cost for 1 gram of 24 karat gold was Rs.2,649 and went up to Rs.2,738 by the start of May, 2015. By mid-May, the gold rate hit Rs.2,782, and dropped to Rs.2,722 by the start of June. In June, the gold rate had dropped down to Rs.2,697, but has now risen and is plateaued at Rs.2,701 (as on 15th June 2015). Studying these fluctuations is the key to smart investing and eventually growing your finances by investing in gold in Lucknow.

    One can purchase gold as an investment, or as jewelry from many stores and traders across the city such as Tanishq Jewellery, P C Jewellers, ORRA, Khaleej Times, Bombay Gold Palace, Painter Gold Stores, J M D Gold Jewellers, Reliance Jewels, etc.

    When buying gold in Lucknow, it is highly recommended that you approach a certified and well established dealer, and ensure that the gold is stamped, engraved or in some way certified and determined to be real gold of whichever purity you choose – 22 karat or 24 karat. Make sure that you also get a certificate of authenticity which contains details of purity, rate on the date of purchase and the amount of gold purchased – along with the gold.

    Also Check Gold Price in NearBy Cities of Lucknow

    Gold Rate In Meerut Gold Rate In Ghaziabad Gold Rate In Kanpur
    Gold Rate In Varanasi Gold Rate In Allahabad Gold Rate In Aligarh
    Gold Rate In Noida Gold Rate In Agra Gold Rate In Bareilly
    Also Know: Silver Rate in Lucknow

    Read more on Gold

    • For more related news /update on gold price visit: Gold News

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    News About Gold Rate in Lucknow

    • Gold Futures Weaken on Weak Global, Local Demand

      Gold futures traded lower on the Multi Commodity Exchange as local demand was muted. Gold futures traded Rs.86 lower to close at Rs.30,960 for 10 grams as speculators reduced their risk, cautious of overseas fluctuations and the rising dollar.

      Gold delivery for December dropped by Rs.84 to settle at Rs.30,685 for 10 grams, recording a 0.27% fall as participants trimmed their positions.

      Global gold prices recovered to trade at $1,203.20 per ounce in Singapore, but analysts urged caution ahead of the Federal Reserve’s announcement on its upcoming policy measures.

      20 November 2018

    • Gold heading to close lower for the fourth straight week

      Gold has reportedly closed lower on Friday than the opening price on Monday over the last three consecutive weeks. Despite having another day of trading for the week, gold seems to be on track to record its fourth consecutive week where the closing price will be lower than the week’s opening price. With the bullion declining over the last few weeks, the US dollar’s rise could result in the dollar record gains for the fourth consecutive week. Reportedly, the dollar is on track to close higher for the week after trading to a critical low and support level of 88.58 five weeks ago. With the US dollar continuing to dominate over the bullion, the bullion is likely to be more pressured during the closing hours of trading.

      15 March 2018

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