• Gold Rate in Lucknow

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    22 May 2018 ₹ 3,030 ₹ 24,240 ₹ 3,182 ₹ 25,456
    21 May 2018 ₹ 3,040 ₹ 24,320 ₹ 3,192 ₹ 25,536
    20 May 2018 ₹ 3,040 ₹ 24,320 ₹ 3,192 ₹ 25,536
    18 May 2018 ₹ 3,020 ₹ 24,160 ₹ 3,171 ₹ 25,368
    17 May 2018 ₹ 3,035 ₹ 24,280 ₹ 3,187 ₹ 25,496
    16 May 2018 ₹ 3,060 ₹ 24,480 ₹ 3,213 ₹ 25,704
    15 May 2018 ₹ 3,060 ₹ 24,480 ₹ 3,213 ₹ 25,704
    14 May 2018 ₹ 3,080 ₹ 24,640 ₹ 3,234 ₹ 25,872
    11 May 2018 ₹ 3,055 ₹ 24,440 ₹ 3,208 ₹ 25,664
    10 May 2018 ₹ 3,050 ₹ 24,400 ₹ 3,203 ₹ 25,624

    *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.

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

    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%

    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

    Find Today's Gold Price in Top Metro Cities

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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.

    Parameters Gold Price(24 karat)
    November 1 Rate Rs.3,006 per gram
    November 31 Rate Rs.3,026 per gram
    Highest Rate in November Rs.3,060 per gram from 18 to 20 November
    Lowest Rate in November Rs.3,006 per gram on 1 November
    Overall Monthly Performance Incline
    Percentage Change 0.66%

    Comparison for 24 K Gold Rates for Lucknow October 2017

    November 2017 - Week 1 (1st - 5th)

    • The yellow metal’s rates started at Rs.3,006 per gram on the 1st of November, which was a step down from the previous day’s rates.
    • As investor demand increased, gold rate in Lucknow rose to Rs.3,020 per gram on the 2nd of November.
    • But, as the US dollar strengthened and global cues weakened, gold rates in the city fell to Rs.3,015 per gram on the 3rd.
    • On the 4th, gold price in Lucknow went further down to Rs.3,010 per gram as domestic demand fell again to remain in line with the international demand.
    • When the week came to an end, gold rates were recorded at Rs.3,010 per gram.

    November 2017 - Week 2 (6th - 12th)

    • The week began with the gold trading at Rs.3,005 per gram on the 6th.
    • With geopolitical tensions rising in the Middle-East, and conflicts between the US and North Korea, investors gravitated towards safe-haven investments pushing demand higher for the metal. This led to gold rates surging to Rs.3,025 per gram on 7th.
    • Gold prices in Lucknow surged further the following day as the US dollar declined with investors speculating over possible delays in the US tax reform plan. The metal was priced at Rs.3,035 per gram on the 8th.
    • Thanks to steady international demand, gold rates in Lucknow remained unchanged at Rs.3,035 per gram on the 9th.
    • The 10th, however, witnessed gold price in Lucknowsurging further to Rs.3,045 per gram - the highest in nearly three weeks - as uncertainties over possible delays in President Trump’s tax reform pushed the dollar lower.
    • Steady global, as well as, domestic demand coupled with a strong trend overseas led to rates remained untouched at Rs.3,045 per gram for the remainder of the week.
    Comparison for 24 K Gold Rates for Lucknow September'17
    Parameters Gold Price(24 karat)
    Gold Rate on 1st October 2017 Rs.3,063 per gram
    Gold Rate on 31st October 2017 Rs.3,026 per gram
    Highest Rate in October 2017 Rs.3,072 per gram from 12 to 16 October
    Lowest Rate in October 2017 Rs.3,026 per gram on 27, 30 and 31 October
    Overall Monthly Performance Decline
    Percentage Change -1.20%

    October 2017 - Week 1 (1st -7th)

    • The yellow metal traded at Rs.3,063 per gram on 1 October as demand from the previous month as well as a low U.S. dollar rate kept pries high.
    • Local demand was also on the increase ahead of the festive season, resulting in gold price in Lucknow staying stable for the subsequent day.
    • As the equity markets saw a revival in fortunes, the U.S. dollar rate rose and demand for bullion fell.
    • Gold traded at Rs.3,043 per gram on 3 October as there was a drop in demand from international buyers, especially Asian buyers.
    • The relative calm on the geopolitical front led to plunging demand for gold as the price fell to Rs.3,033 per gram on 5 October.
    • While local demand was consistent, it was unable to keep prices from falling further, resulting in gold trading at Rs.3,028 per gram on 6 October.
    • The end of the week saw a resurgence of interest in North Korea’s nuclear ambitions, which led to markets falling and a surge in gold prices, which traded at Rs.3,046 per gram on 7 October.

    October 2017 - Week 2 (8th -14th)

    • Gold prices in Lucknow were on a relative high this week - thanks to increased demand in the domestic market.
    • On the 8th of October, gold was priced at Rs.3,046 per gram. With the North Korea- US conflict resurfacing, gold rates in Lucknow rose to Rs.3,057 per gram on the 9th.
    • Gold rates in Lucknow surged to Rs.3,062 per gram on the 10th, as a result of uncertainties in the US economy.
    • A steady demand saw gold prices remain the same on the 11th, before increasing to Rs.3,072 per gram on the 12th.
    • The final two days of this week, i.e., the 13th and 14th saw gold rates stabilise and remain at Rs.3,072 per gram as the US dollar regained some of its lost sheen.

    October 2017 - Week 3 (15th - 21st)

    • Gold was priced at Rs.3,072 per gram when trade exchanges opened on the 15th of October.
    • The price of gold in Lucknow remained unchanged on the 16th before falling to Rs.3,067 per gram, courtesy of favourable returns provided by US treasury bonds.
    • A strengthening dollar caused gold rate in Lucknow to drop again on the 18th to Rs.3,056 per gram.
    • A less than desirable demand during the pre-Diwali days saw the yellow metal trading at Rs.3,057 per gram on the 19th and the 20th of the month.
    • Due to demand slowing down because of subdued demand in domestically, gold rates in Lucknow fell to Rs.3,047 per gram on the 21st of October.

    October 2017 - Week 4 (22nd -28th)

    • In Lucknow, gold was trading steady at Rs.3,047 per gram on the 22nd, when the week began.
    • A strong dollar rate resulted in a subdued local demand from jewellers and investors. This led to gold rate in Lucknow falling to Rs.3,041 per gram on the 23rd.
    • The 24th witnessed the dollar weakening as investors refrained from making purchases with possibilities of a new US Federal Reserve chief. This resulted in gold prices surging to Rs.3,046 per gram in Lucknow.
    • The dollar, however, recovered the next day with strong equity markets, and the yellow metal was priced at Rs.3,036 per gram.
    • Gold rates plunged to Rs.3,031 on the 26th, which further dropped to Rs.3,026 per gram on the 27th as the US dollar dominated over the euro after the European Central Bank’s bond-buying policy was extended against expectations.
    • However, gold trade in Lucknow recovered the next day, thanks to increased buying from local jewellers and investors. The yellow metal was priced at Rs.3,036 per gram when trading concluded for the week.

    October 2017 - Week 5 (29th- 31st)

    • In Lucknow, gold rates started off strongly before falling over the next two days.
    • Gold opened at Rs.3,036 per gram on the 29th of October
    • There was a drop in gold rate in Lucknow, with the metal trading at Rs.3,026 per gram as local demand remained weak as a result of poor global sales.
    • The main reason for this was the two-day FOMC meeting, which led local investors to reduce their investment for the time being.
    • On the 31st, when the month ended, gold was priced at Rs.3,026 per gram, with investors still waiting for the Fed Reserve meeting’s outcome before investing.
    Comparison for 24 K Gold Rates for Lucknow August'17
    Parameters Gold Price(24 karat)
    September 1 Rate Rs.3,024 per gram
    September 30 Rate Rs.3,063 per gram
    Highest Rate in September Rs.3,130 per gram on 8 September
    Lowest Rate in September Rs.3,024 per gram on 1 September
    Overall Monthly Performance Incline
    Percentage Change 1.29%

    September 2017 - Week 1 (1st to 10th)

    • Gold rates started off on a low for the week in Lucknow because of muted demand from investors and jewellers alike.
    • When the week commenced on the 1st, gold was priced at Rs.3,024 per gram.
    • Prices surged up slightly to Rs.3,029 per gram on the 2nd and remained unchanged on the 3rd on account of stable purchases.
    • News about North Korea’s latest nuclear weapon testing sent world markets crashing, which pushed up safe-haven investments. Gold rates in Delhi went up to Rs.3,105 per gram within a day as investors flocked the trade unions.
    • As the markets remained volatile, gold price in Lucknow were holding above Rs.3,100 per gram levels for the remainder of the week.
    • On the 5th, prices surged to Rs.3,115 per gram as more investors and jewellers ramped up their purchases. Rates remained the saw on the 6th the market saw demand sustain at the same level.
    • The 7th seemed to witness a slight drop in demand, which was evident with the precious metal’s prices dropping to Rs.3,100 per gram.
    • With confirmation arriving from North Korea about its ambitious — and potentially threatening — nuclear test, gold prices surged to Rs.3,130 per gram on the 8th.
    • The 9th and the 10th saw the yellow metal trade at Rs.3,125 per gram, thanks to prolonged demand from active investors.

    September 2017 - Week 2 (11th to 17th)

    • Gold began the week trading at Rs.3,105 per gram on 11 September, a drop in price from the previous week due to muted demand from industrial units.
    • The lack of local demand and poor offtake from jewellers led to prices dropping to Rs.3,085 per gram on 12 September.
    • Ongoing crises in the United States coupled with the hurricanes battering the country’s coasts led to markets dropping, as gold recovered to trade at Rs.3,094 per gram on 13 September.
    • The rise in price was momentary as there was a decline in orders from Asian countries which led to the yellow metal falling to Rs.3,085 per gram on 14 September.
    • Local demand was sluggish as jewellers reduced offtake due to high prices and unfavourable trends, leading to a stagnation in the price of gold.
    • Demand remained constant as the week ended, with gold price in Lucknow was at Rs.3,085 per gram on 17 September.
    • Gold rate in Vijayawada started off on a low for the week in Lucknow because of muted demand from investors and jewellers alike.

    September 2017 - Week 3 (18th-24th)

    • When trading started for the week in Lucknow, gold prices were recorded at Rs.3,073 per gram.
    • As demand fluctuated, gold rate in Lucknow fell to Rs.3,056 per gram. Another reason for this was the strengthening US dollar.
    • The North Korea - US nexus pushed demand for safe-haven investments, which led to gold rates increasing to Rs.3,078 per gram on the 20th.
    • Uneven global cues and a poor local demand pushed gold rates back down to Rs.3,051 per gram on the 21st.
    • With the festive season bustle settling in, demand increased. This led to gold rates going up to Rs.3,078 per gram on the 22nd.
    • The 23rd and 24th saw gold rate in Lucknow decrease and trade at Rs.3,058 per gram as the US dollar strengthened against other apex currencies.

    September 2017 - Week 4 (25th-30th)

    • When the final week of September, gold was priced at Rs.3,051 per gram, a considerable decrease from the previous day’s prices.
    • However, the approaching festive season pushed demand for the metal up on 26th September. This led to the metal trading at Rs.3,110 per gram.
    • As the US dollar strengthened after news about a possible Fed rate hike, gold rate in Lucknow went down to Rs.3,085 per gram on the 27th of the month.
    • Gold price in Lucknow fell on the 28th and the 29th for the metal to trade at Rs.3,067 per gram and Rs.3,057 per gram respectively.
    • The last day of this week saw demand pick up slightly, which led to the yellow metal trading at Rs.3,063 per gram.
    Parameters Gold Price(24 karat)
    August 1 Rate Rs.2,960 per gram
    August 31 Rate Rs.2,999 per gram
    Highest Rate in August Rs.3,017 per gram on 28 August
    Lowest Rate in August Rs.2,930 per gram on 3, and from 5-7 August
    Overall Monthly Performance Incline
    Percentage Change 1.31%

    Comparison for 24 K Gold Rates for Lucknow July'17

    August ‘17 - Week 1 (1st to 6th)

    • Mirroring trends seen in other cities, gold prices in Lucknow fell sharply over the course of the week due to a combination of factors.
    • Gold was priced at Rs.2,960 per gram on 1 August, with trade being robust due to the low U.S. dollar and fluctuating markets.
    • Prices dipped marginally on 2 August, with the precious metal trading at Rs.2,955 per gram due to vagaries in demand.
    • Gold rate in Lucknow fell sharply on 3 August, trading at Rs.2,930 per gram as markets rose in anticipation of the Fed Reserve’s meeting later in the week, which also pushed the dollar to new highs.
    • Prices recovered marginally to trade at Rs.2,940 per gram on 4 August but demand was still muted.
    • Overseas demand fell as Asian nations reduced demand due to the high dollar rate, which pushed gold prices to Rs.2,930 per gram on 5 & 6 August.

    August ‘17 – Week 2 (7th to 13th)

    • In UP’s capital city Lucknow, gold prices started at Rs.2,930 per gram when the week began on the 7th of August.
    • Due to a slight increase in demand from local jewellers, prices went up to Rs.2,934 per gram on the 8th and then to Rs.2,939 per gram on the 9th of the month.
    • After gold demand surged international due to a stand-off between North Korea and the US, gold prices jumped by Rs.35 to end the 10th at Rs.2,974 per gram.
    • As markets began to tank, gold purchases skyrocketed, which led to the the yellow metal trading at Rs.2,999 per gram on the 11th of August.
    • Thanks to a subdued interest from domestic investors, gold price in Lucknow remained at Rs.2,999 per gram for the last two days of the week.

    August ‘17 - Week 3 (14th to 20th)

    • The yellow metal saw a decline in its price towards the end of the third week of August due to declining demand and global demand patterns.
    • Gold rate in Lunckonw at Rs.2,994 per gram on 14 & 15 August as demand was stable thanks to a resurgence in local trade.
    • Prices fell to Rs.2,979 per gram on 16 August as the U.S. markets rose in anticipation of the U.S. Federal Reserve meeting, but recovered to trade at Rs.2,994 per gram on 17 August on negative cues from the Fed meeting.
    • Gold reached Rs.2,999 per gram on 18 August as U.S. markets tumbled following the Charlottesville incident as well as the fallout of the continuing tensions with North Korea.
    • Prices stabilised as gold demand dropped to Rs.2,982 per gram on 19 & 20 August, with local demand keeping prices from dropping too low.

    August 2017 – Week 4 (21st - 27th)

    • Gold rates in Lucknow increased gradually over the course of the week as jewellers lined up to take advantage of a slower US dollar.
    • The yellow metal was priced at Rs.2,972 per gram on the 21st of August, which went up to Rs.2,982 per gram on the 22nd as the US-North Korea conflict resurfaced to push dollar further down.
    • On the 23rd, gold was trading at Rs.2,987 per gram, which was a result of increased buying from jewellers in the city.
    • Domestic rates increased for the fourth time this week to reach Rs.2,992 per gram despite a considerable slowdown in the global scenario.
    • From the 25th to the 27th, gold price in Lucknow remained at Rs.2,992 per gram courtesy of a stable demand.

    August 2017 – Week 5 (28th - 31st)

    • Demand for gold increased in the last week of August, with gold rate in Lucknow was Rs.3,017 per gram on 28 August due to uncertainty after the latest exchanges between the United States and North Korea.
    • The impact from Hurricane Harvey also led to markets falling in the U.S., though gold prices dropped marginally to trade at Rs.3,009 per gram on 29 August.
    • Local demand was muted in spite of the rupee falling heavily against the U.S. dollar as industry waited for the impact on monetary policy from the central bankers meeting in Jackson Hole the previous week.
    • Gold dropped to Rs.3,004 per gram on 30 August following a sustained fall in demand from jewellers and local industry due to high prices.
    • Low demand led to gold ending the month at Rs.2,999 per gram on 31 August.
    Parameters Gold Price(24 karat)
    July 1 Rate Rs.2,992 per gram
    July 31 Rate Rs.2,950 per gram
    Highest Rate in June Rs.2,992 per gram on 1 and 2 July
    Lowest Rate in June Rs.2,843 per gram on 12 and 13 July
    Overall Monthly Performance Decline
    Percentage Change -1.4%

    Comparison for 24 K Gold Rates for Lucknow June'17

    July 2017 - Week 1 (1st to 9th)

    • Gold opened at Rs.2,992 per gram on the first day of the month in the city of Lucknow. This rate was a continuation of the price seen during the previous week.
    • Gold steadily traded at Rs.2,992 per gram on 2 July as well before falling to Rs.2,972 per gram on 3 July.
    • The price of this precious metal was steady ahead of the U.S. Independence Day celebrations although the value of the dollar was quite low.
    • This yellow metal was priced at Rs.2,942 per gram from 4 July until 6 July due to steady demand for gold from domestic as well as international markets.
    • However, this demand could not be sustained and the price of gold reduced marginally on 7 July to trade at Rs.2,922 per gram.
    • On the last two days of the first week of July in Lucknow, gold was priced at Rs.2,902 per gram.

    July 2017 - Week 2 (10th to 16th)

    • In Lucknow, gold prices started at Rs.2,902 per gram on the 10th.
    • Priced had gone down to Rs.2,872 per gram on the 11th demand in global circles went down due to a rise in US dollar value.
    • The US job market showed some surprisingly positive growth, which brought about some more decrease in gold prices over the next few days.
    • When trading began on the 12th, gold prices had further dropped by Rs.29 to hit Rs.2,843 per gram.
    • However, as president Trump’s scandal came into the fore gold prices picked up over the latter half of the week.
    • Prices were recorded at Rs.2,843 per gram on the 13th but jumped to Rs.2,863 per gram on the 14th and remained there till the end of the week.

    July 2017 - Week 3 (17th to 23rd)

    • Lucknow’s gold rates were on the upswing in the third week of July as geopolitical crises as well as the low U.S. dollar led to an increase in demand.
    • Gold was priced at Rs.2,863 per gram on 17 July with the price rising to Rs.2,873 per gram on 18 July on strong and consistent demand from overseas.
    • The political turmoil surrounding the Trump administration caused some turbulence in the markets, which led to an increase in demand for bullion.
    • Price of gold in Lucknow rose to Rs.2,883 per gram on 19 July as local demand also picked up, though it was quite muted.
    • Gold price in Lucknow rallied as the week drew to a close, with gold trading at Rs.2,944 per gram on 22 July and the price remaining constant on 23 July.

    July 2017 - Week 4 (24th to 31st):

    • When the fourth week of July began, gold prices were recorded at Rs.2,944 per gram.
    • Prices went down to Rs.2,929 per gram on the 26th as demand took a hit and investors pulled away from investing in the metal.
    • The 27th, however, saw gold prices increase by Rs.21 to hit Rs.2,950 per gram as investors seemed to capitalise on US dollar’s poor performance.
    • Gold prices in Lucknow went down marginally to Rs.2,945 per gram on the 28th as demand subsided briefly.
    • But, as North Korean conflict with the US took centre stage, dollar fell to 13-month lows, which prompted local jewellers to invest in the metal more.
    • As a result of this, gold prices went up to Rs.2,955 per gram and traded at the same rate on the 29th and the 30th of July.
    • Prices declined to Rs.2,950 per gram on 31st July as local seemed to have reached its highest point.
    Parameters Gold Price(24 karat)
    June 1 Rate Rs.3,012 per gram
    June 30 Rate Rs.2,992 per gram
    Highest Rate in June Rs.3,057 per gram on 7 June
    Lowest Rate in June Rs.2,972 per gram on 27 June
    Overall Performance Decline
    Percentage Change -0.66%

    Comparison for 24 K Gold Rates for Lucknow May'17

    June 2017 - Week 1 (1st-4th):

    • Bullion prices in Lucknow fluctuated slightly owing to some major concerns in the world market.
    • On the 1st of June, gold was trading at Rs.2,977 per gram but went down to Rs.2,965 per gram on the 2nd as uncertainty over multiple issues rose in the US.
    • Prices went up to Rs.2,998 per gram as there were some low points in US-EU relationship, which pushed gold prices up.
    • As US dollar remained on a low after the conflict, gold rates ended the first week of June at Rs.2,998 per gram.
    • Gold trading was quite positive for the month as there was a Rs.21 increase since the beginning of the week.

    June 2017 - Week 2 (5th - 11th)

    • When the second week of June rolled out, gold was priced at Rs.3,006 per gram.
    • Prices went up to Rs.3,025 on the 6th as demand went up after US employment data shook the market.
    • However, the price hike was a little on the cautious on the 7th as it went up to Rs.3,030 per gram.
    • The reason for caution was due to news reports that the Federal Reserve was deliberating on a possible rate hike.
    • Prices dropped on the 8th to go down to Rs.3,012 per gram as they consolidated after the rise earlier in the week.
    • Gold prices kept falling further as they went down to Rs.2,987 per gram on the 9th, because of some startling results in the UK General Elections.
    • The election result combined with its implications on Brexit talks brought bullion trading prices further down to Rs.2,981 per gram on the 10th.
    • Prices consolidated on the 11th, as gold was still seen trading at Rs.2,981 when the week ended.

    June 2017 - Week 3 (12th-18th)

    • On the first day of the third week of June, gold was priced at Rs.3,007 per gram. This could be attributed to high demand for this metal in the country.
    • Gold continued to trade at the above rate until the 15th of June in Lucknow.
    • However, there were issued regarding banks’ import of bullion due to lack of clarity on GST.
    • As the demand for this precious metal reduced, the price of gold in Lucknow fell as well.
    • On the 16th of June, gold was priced at Rs.2,992 per gram on account of lower demand.
    • There was no sign of recovery due to which, gold rate fell further the next day. On the last two days of the week, this yellow metal was priced at Rs.2,982 per gram.

    June 2017 - Week 4 (19 to 25)

    • The price of gold in Lucknow was on the upswing over the course of the fourth week as domestic demand increased and international trends were also favourable.
    • Gold traded at Rs.2,982 per gram on 19 June and remained constant for the next few days as demand was more or less constant.
    • While demand for the precious metal was on the increase, minor fluctuations in the price did not appear to affect demand in Lucknow.
    • The price rose to Rs.2,987 per gram on 23 June as the U.S. Dollar was subject to extreme volatility due to petroleum prices, which led to an increase in demand for bullion.
    • The price rose still further as the week ended, with gold trading at Rs.2,992 per gram on 25 June.

    June ’17 – Week 5 (26 to 30)

    • The price of gold was constant for most of the last week of June in Lucknow in spite of the wildly fluctuating demand from multiple sectors.
    • Gold was priced at Rs.3,002 per gram on 26 June but the price soon fell to Rs.2,972 per gram on 27 June due to a dip in demand from overseas.
    • Prices recovered as demand increased due to increased buying before GST, with gold trading at Rs.2,992 per gram on 28 June.
    • The price remained constant for the remainder of the week, resulting in gold trading at Rs.2,992 per gram on 30 June and recording a loss of 0.66% over the course of the month.
    Parameters Gold Price(24 karat)
    May 1st Rate Rs.3,011 per gram
    May 31st Rate Rs.2,992 per gram
    Highest Rate in May Rs.3,011 per gram on 1st & 2nd May
    Lowest Rate in May Rs.2,918 per gram from 11th-15th May
    Overall Performance Decline
    Percentage Change -0.63%

    Comparison for 24 K Gold Rates for Lucknow April'17

    May 2017 - Week 1 (1st-7th)

    • Gold was priced at Rs.3,011 per gram on the 1st and 2nd of May due to sustained demand from overseas markets.
    • However, due to decreasing demand for the safe-haven asset as a result of the U.S. Dollar gaining against the Yen, the rate of gold fell.
    • Gold was priced at Rs.2,982 per gram on the 3rd of May and declined further thereafter.
    • Low demand for this precious metal resulted in this metal trading at Rs.2,952 per gram from the 4th of May until the very end of the week.
    • Low demand and geopolitical factors resulted in a decline of gold rate as the first week of May progressed.

    May 2017 – Week 2 (8th -14th)

    • The price of gold declined steadily in the second week of May due to a decline in demand and geopolitical factors.
    • Gold traded at Rs.2,942 per gram on 8th May, with the price falling to Rs.2,928 per gram as investors pulled out of gold investments due to a resurgent market.
    • A strong U.S. Dollar and strengthening markets due to the victory of a centrist candidate in the French elections kept demand for gold muted.
    • Prices dropped further to Rs.2,918 per gram on 11th May, with the price remaining unchanged till the end of the week.

    May 2017 - Week 3 (15th - 21st)

    • On 15th, gold in Lucknow was selling at Rs.2,918 per gram, which then went up to Rs.2,923 per gram on the 16th.
    • The 17th again saw an increase in gold prices, owing to some weakening dollar amidst concerns over President Donald Trump’s meddlesome behaviour.
    • Gold was trading at Rs.2,991 per gram on 18th - an increase of Rs.52 per gram from the previous day’s prices when bullion was selling at Rs.2,939 per gram.
    • The US President’s involvement in trying to influence a federal investigation sent the market into a tizzy.
    • However, after that concerns mellowed down on intensity, gold rates took a hit to go down to Rs.2,977 per gram on the 19th.
    • Rates remained unchanged on the 20th and the 21st as bullion prices consolidated towards the end of May week 3.

    May 2017 – Week 4 (22nd - 28th)

    • The yellow metal was priced at Rs.2,977 per gram in Lucknow on 22nd of May thanks to high demand for gold from international markets and jewellers.
    • The price of gold was steady on the 23rd of May despite the Manchester blasts with investors staying on the sidelines.
    • This rate was seen until the 25th of the month as a result of steady demand for gold.
    • However, the rate of gold rose on the 26th of the month due to a fall in the value of the U.S. dollar. Additionally, there did not seem to chances of the U.S. Fed increasing the rate of interest resulting in relatively high rates of gold.
    • From the 26th to the 28th of May in Lucknow, gold was priced at Rs.2,992 per gram.

    May ’17 – Week 5 (29th to 31st)

    • Stagnant local demand and negative cues from international trading led to gold prices remaining constant for the last three days in May.
    • Gold traded at Rs.2,992 per gram on 29th May as the U.S. Dollar was stable in spite of the attacks in Manchester, which jilted markets across Europe.
    • Demand from industry was poor due to high import costs, which reduced demand further.
    • Prices remained constant as the month ended, with gold continuing to trade at Rs.2,992 per gram on 31st May, recording a nominal drop in value of 0.63% over the course of the month.
    Parameters Gold Price(24 karat)
    April 1st Rate Rs.2,991 per gram
    April 30th Rate Rs.3,011 per gram
    Highest Rate in April Rs.3,068 per gram on the 15th and 16th of April
    Lowest Rate in April Rs.2,983 per gram from the 8th to the 10th of April
    Overall Performance Increase
    Percentage Change 0.66%

    Comparison for 24 K Gold Rates for Lucknow March'17

    April 2017 - Week 1 (1st-9th)

    • Due to increased demand for this precious metal, rate of gold was on a rise during the first week of April in the city of Lucknow.
    • Rate of gold was Rs.2,991 per gram on the 1st day of the month.
    • Due to higher demand from both domestic and international markets, the rate of gold was stable at Rs.2,991 per gram until the 3rd of April.
    • As the week progressed, the rate of gold continued to rise due to increased offtake.
    • The price of gold was Rs.3,003 per gram between the 4th of April to the 7th of April.
    • However, a slight decline was noted in the rate of gold during the last two days of the month with gold trading at Rs.2,983 per gram.

    April 2017 - Week 2 (10th-16th)

    • In Lucknow, when trading began on 10th, gold was priced at Rs.2,983 per gram which then rose by Rs.15 to Rs.2,998 per gram as local demand surged on 11th.
    • The 12th saw the biggest increase in prices as gold rate rose by Rs.38 to trade at Rs.3,036 per gram.
    • However, as demand dipped suddenly on 13th, price of gold in Lucknow went down by Rs.20 to Rs.3,016 per gram.
    • The fall, though, was short lived as gold rate in Lucknow gained by Rs.31 on 14th to bring trading prices up to Rs.3,047 per gram.
    • As demand was on the increase from both domestic and international markets, rates went up again on the 15th, this time to reach Rs.3,068 per gram - Rs.21 per gram increase.
    • On the last day of the week, gold price in Lucknow remained unchanged as it was still seen trading at Rs.3,068 per gram.

    April 2017 - Week 3 (17th-23rd)

    • Gold rates were relatively stable during the third week of April in the city of Lucknow. This could be attributed to steady demand for this metal.
    • In early trade, this metal traded higher due to rising tensions in North Korea and Syria, resulting in investors being driven to safe haven assets.
    • This precious metal was priced at Rs.3,057 per gram on the 17th of April. This rate was noted until the 21st of April due to sustained demand for this metal.
    • However, due to increased demand on the 22nd as well as geopolitical tensions, the price of gold rose to Rs.3,062 per gram and stayed steady at this rate until the end of the week.

    April 2017 - Week 4 (24th-30th)

    • Owing to a number of factors such as geopolitical reasons as well as the demand, the rate of gold was not very high during the final week of the month of April in Lucknow.
    • On the first day of the week, gold traded at Rs.3,041 per gram thanks to sustained demand. This rate was noted the next day as well.
    • However, as the U.S Dollar gained value, the price of gold fell.
    • Gold was priced at Rs.3,011 per gram from the 26th of April until the end of the week due to steady yet low demand.
    • The French presidential elections were another reason for the decline in the rate of gold.
    Parameters Gold Price(24 karat)
    March 1st Rate Rs.3,009 per gram
    March 31st Rate Rs.2,991 per gram
    Highest Rate in March Rs.3,009 per gram on 1st March
    Lowest Rate in March Rs.2,950 per gram on 15th March
    Overall Performance Decline
    Percentage Change -0.059%

    Comparison for 24 K Gold Rates for Lucknow February '17

    March 2017 - Week 1 (1st - 4th):

    • Gold prices saw a change in Lucknow on two occasions.
    • On 1st, gold was trading at Rs.3,009 per gram and remained the same on 2nd as well.
    • Prices decreased on the 3rd by Rs.19 to trade at Rs.2,990 per gram as US economy seemed to pick up slightly.
    • Rates didn’t change on the 4th as it was still trading at Rs.2,990 per gram.

    March 2017 - Week 2 (5th - 11th):

    • Like the rest of the country, gold rates in Lucknow fluctuated over the second week of March.
    • On 5th, gold was trading at Rs.2,990 per gram and continued at the same rate on the 6th.
    • The 7th saw prices go down by Rs.20 to trade at Rs.2,970 per gram but increased to Rs.2,993 per gram on 8th.
    • Rates went down on 9th to Rs.2,977 per gram and again to Rs.2,965 per gram on 10th as demand plummeted.
    • The last day of March week 2 saw prices pick up slightly to end at Rs.2,971 per gram.

    March 2017 - Week 3 (12th-18th):

    • Gold prices in the third week of March in Lucknow were on the increase due to increased purchasing from industrial as well as retail sectors.
    • Gold traded at Rs.2,971 per gram on the first day of the third week of March.
    • Despite seasonal demand, the price of gold dropped by Rs.20 the next day to trade at Rs.2,951 per gram.
    • The rate of gold continued to decline over the next two days owing to a fall in demand from markets overseas.
    • On the 17th of March, rate of gold recovered marginally to trade at Rs.2,970 per gram.
    • Gold traded at Rs.2,971 per gram on the last two days of the month owing to steady demand from domestic markets.

    March 2017 - Week 4 (19th-25th):

    • In Lucknow, week 4 began with gold trading at Rs.2,976 per gram which continued on the next day demand remained unchanged.
    • The 22nd, gold prices increased by Rs.27 per gram to go up to Rs.3,003 per gram, owing to a sudden surge in domestic demand and a slightly weakening dollar.
    • Gold rates remained the same on 23rd before going down by Rs.10 per gram on 24th to hit Rs.2,993 per gram.
    • The fall in rates can be attributed to the rallying dollar and a slight fall in demand.
    • At the end of the week, gold was still trading at Rs.2,993 per gram.

    March 2017- Week 5 (26th-31st):

    • When trading started for week 5 on 27th, gold prices in Lucknow stood atRs.3,003 per gram.
    • As there was no change in demand, gold rate in Lucknow remained unchanged till 30th March.
    • On 31st, prices fell due to a lack of domestic demand to hit Rs.2,991 per gram.
    Parameters Gold Price(24 karat)
    February 1st Rate Rs.2,978 per gram
    February 28th Rate Rs.3,020 per gram
    Highest Rate in February Rs.3,031 per gram from 25th-27th February
    Lowest Rate in February Rs.2,957 per gram from 4th-6th February
    Overall Performance Incline
    Percentage Change +1.41%

    Comparison for 24 K Gold Rates for Lucknow January '17

    February 2017 - Week 1 (1st-4th):

    • Compared to other cities in India, Lucknow saw fluctuations to a much lesser extent.
    • Gold prices remained the same for the first three days of the week at Rs.2978 per gram.
    • The promising trend from 1st to 3rd was brought down by a massive decrease on the 4th.
    • When the week ended, prices of gold were down to Rs.2,957 per gram - a decrease of Rs.21 per gram.

    February 2017 - Week 2 (5th-11th)

    • Gold prices in Lucknow reflected those across the country, with the metal steadily increasing in value during the week.
    • Gold traded at Rs.2,957 per gram on 5th February, with the rise in price attributed to steady demand from the industrial sector due to a low U.S. Dollar.
    • The price was stable for a few days, before seeing a jump to Rs.2,999 per gram on 7th February, an increase of Rs.42 per gram.
    • Global markets were affected by the travel ban imposed in the United States, with markets and currencies faltering, which led to increased demand for gold.
    • Gold traded at Rs.3,009 per gram from 8th-10th February as gold continued to garner interest from investors.
    • The price dipped on the last day of the week as demand dropped marginally, with gold trading at Rs.2,983 per gram, resulting in gold gaining Rs.26 per gram during the week.

    February 2017 - Week 3 (12th-18th)

    • The price of gold in Lucknow fell marginally as the week began but prices recovered due to an increase in demand.
    • Gold was priced at Rs.2,983 per gram on 12th February as demand was stable, with the price remained the same on 13th February.
    • Prices fell by Rs.10 per gram to trade at Rs.2,973 per gram on 14th February as industrial demand dropped on low demand.
    • Prices rose as demand once again rose due to a falling U.S. Dollar to trade at Rs.2,989 per gram 16th February.
    • Increased retail demand led to gold trading at Rs.3,004 per gram on 17th February.
    • Gold ended the week trading at Rs.2,999 per gram on 18th February, registering an increase of Rs.16 per gram.

    February 2017 - Weeks 4 & 5 (19th-28th)

    • Gold prices in Lucknow were stable for most of the fourth week, with gold trading at Rs.2,999 per gram from 19th-24th February.
    • Market conditions and fluctuations in demand did not impact prices due to strong local demand.
    • Gold rose to Rs.3,031 per gram on 25th February as global currencies fell and markets also dropped.
    • Prices fell as the week ended, with gold trading at Rs.3,020 per gram on 28th February, registering a 1.41% increase in price over the month.
    Parameters Gold Price(24 karat)
    January 1st Rate Rs.2,844 per gram
    January 31st Rate Rs.2,958 per gram
    Highest Rate in January Rs.2,979 per gram on 23rd & 24th January
    Lowest Rate in January Rs.2,844 per gram from 1st-3rd January
    Overall Performance Incline
    Percentage Change +4.00%

    Comparison for 24 K Gold Rates for Lucknow December '16

    January 2017 - Week 1 (1st to 7th)

    • Lucknow also maintained its upward trend with regards to gold prices in the country.
    • The first day of the year began with gold trading at Rs.2,844 per gram and continued at the same rate for the next two days till the 3rd.
    • On 4th, prices increased by Rs.11 to help the yellow metal trade at Rs.2,855 per gram.
    • The next three days of the week, from 5th to 7th, saw gold prices hold steady to trade at the same rate at Rs.2,866 per gram.

    January 2017 - Week 2 (8th to 15th)

    • Gold was priced at Rs.2,866 per gram on 8th January, with the price staying constant for the next day.
    • Prices rose to Rs.2,888 per gram on 10th January, an increase of Rs.22 per gram as industrial demand rose on favourable market conditions.
    • Falling markets led to gold prices rising to Rs,2,909 per gram on 11th January, as prices rose by Rs.21 per gram in a single day.
    • Gold traded at Rs.2,925 per gram on 12th January, the price continuing to rise due to steady demand.
    • A minor dip in price led to gold falling to Rs.2,920 per gram on 13th January, though prices recovered.
    • Gold traded at Rs.2,941 per gram on 14th January, an increase of Rs.21 per gram.
    • The price remained the same, resulting in gold ending the week trading at Rs.2,941 per gram on 15th January, with the price increasing by Rs.75 per gram over the week.

    January 2017 - Week 3 (15th to 21st):

    • At the beginning of week 3, on the 15th, gold was seen trading at Rs.2,941 per gram and increased to Rs.2,952 per gram on the 16th as global demand soared.
    • Prices didn’t change on the 17th as it remained at Rs.2,952 per gram but increased by Rs.21 to hit Rs.2,973 per gram on the 18th.
    • As demand fell gold prices followed suit to decrease considerably.
    • On 19th, gold prices were down by Rs.16 to Rs.2,957 per gram.
    • Prices fell again on the 20th bringing gold trading rates down to Rs.2,952 per gram - a Rs.5 decrease from the previous day.
    • The last day of the week on the 21st came as a much-needed breather as gold prices increased to Rs.2,963 per gram - a change of Rs.11.

    January 2017- Weeks 4 & 5 (22nd to 31st)

    • Gold prices in Lucknow were high as the week began, trading at Rs.2,963 per gram on 22nd January.
    • Prices rose to Rs.2,979 per gram on 23rd January as demand was high due to increased purchases preceding the Lunar New Year and higher demand due to market fluctuations.
    • Prices began to dip as the week progressed due to lower demand from industry, resulting in gold trading at Rs.2,978 per gram on 25th January.
    • A sharp dip in price was observed on 27th January, with gold falling to Rs.2,946 per gram as anticipation over the upcoming U.S. Federal meeting the next week kept gold prices low.
    • Prices recovered marginally, trading at Rs.2,958 per gram on 31st January.

    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
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    Also Know: Silver Rate in Lucknow

    Read more on Gold

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

    Gold Rate - Sitemap

    News About Gold Rate in Lucknow

    • 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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