Gold Rate in Lucknow

The capital of Uttar Pradesh, Lucknow is one of the largest cities in northern India. The demand for gold here, like in many other cities in the nation, is high. It is used for both ornamental and investment purposes. The gold rate in Lucknow is influenced by many factors besides the supply and demand for the metal. The value of the US dollar in comparison to other currencies, global economic conditions, etc., all determine the value of the metal. Read on for a detailed report of gold rates in Lucknow.
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  • Today's Gold Rate in Lucknow ( 25 Jan 2021 )

    ₹ 4,759
    Today's Gold Rate (22K) per gram

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

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,759 ₹ 4,786 ₹ -27 ↓
    Standard Gold (22 K) ( 8 grams ) ₹ 38,072 ₹ 38,288 ₹ -216 ↓
    Pure Gold (24 K) ( 1 gram ) ₹ 4,997 ₹ 5,025 ₹ -28 ↓
    Pure Gold (24 K) ( 8 grams ) ₹ 39,976 ₹ 40,200 ₹ -224 ↓

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    22 Jan 2021 ₹ 4,759 ₹ 38,072 ₹ 4,997 ₹ 39,976
    21 Jan 2021 ₹ 4,786 ₹ 38,288 ₹ 5,025 ₹ 40,200
    20 Jan 2021 ₹ 4,739 ₹ 37,912 ₹ 4,976 ₹ 39,808
    19 Jan 2021 ₹ 4,736 ₹ 37,888 ₹ 4,973 ₹ 39,784
    18 Jan 2021 ₹ 4,716 ₹ 37,728 ₹ 4,952 ₹ 39,616
    17 Jan 2021 ₹ 4,722 ₹ 37,776 ₹ 4,958 ₹ 39,664
    16 Jan 2021 ₹ 4,722 ₹ 37,776 ₹ 4,958 ₹ 39,664
    15 Jan 2021 ₹ 4,760 ₹ 38,080 ₹ 4,998 ₹ 39,984
    14 Jan 2021 ₹ 4,770 ₹ 38,160 ₹ 5,009 ₹ 40,072
    13 Jan 2021 ₹ 4,785 ₹ 38,280 ₹ 5,024 ₹ 40,192

    Weekly & Monthly Graph of Gold Rate in Lucknow

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    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Gold Price in 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 December 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    December 1 Rate  Rs.4,846 per gram
    December 31 Rate Rs.5,074 per gram
    Highest Rate in December Rs.5,130 per gram on 21 December
    Lowest Rate in December Rs.4,846 per gram on 1 December
    Overall Performance Incline
    Percentage Change 4.70%

    Trend of Monthly Gold Rate in Lucknow for December 2020:

    • The price of gold In Lucknow at the start of the month was Rs.4,846 per gram. This was the lowest recorded price of the yellow metal for the month.
    • Over the month, gold price witnessed a lot of fluctuations in the city. The precious metal recorded its highest price for the month on 21st December when a gram of the 24-karat gold was retailed for Rs.5,130.
    • Gold price in Lucknow closed the month of December at Rs.5,074 per gram. The overall performance witnessed an inclining trend with the percentage change being 4.70%.

    Trend of Gold Rate in Lucknow for November 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    November 1 Rate Rs.5,171 per gram
    November 30 Rate Rs.4,890 per gram
    Highest Rate in November Rs.5,215 per gram on 7, 8, and 9 November
    Lowest Rate in November Rs.4,890 per gram on 30 November
    Overall Performance Decline
    Percentage Change -5.43%

    Trend of Monthly Gold Rate in Lucknow for November 2020:

    • Gold prices in Lucknow started off at the rate of Rs.5,171 per gram. The prices were steady for the first 4 days of the month followed by which the prices started dropping towards the end of the first week.
    • The prices started increasing from the second week wherein it had recorded the highest price for the month standing at the rate of Rs.5,215 per gram from 7th November to 9th November 2020.
    • Gold rates in Lucknow started witnessing a declining trend during the second half of the month and it closed the month at the lowest recorded rate for the month wherein it stood at the rate of Rs.4,890 per gram.
    • The overall performance of prices of gold in Lucknow for the month of November witnessed a decline of –5.43%.

    Trend of Gold Rate in Lucknow for October 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    October 1 Rate  Rs.5,166 per gram
    October 31 Rate  Rs.5,171 per gram
    Highest Rate in October Rs.5,229 per gram on 13 October
    Lowest Rate in October Rs.4,914 per gram on 18 October, 19 October, and 20 October
    Overall Performance  Incline
    Percentage Change 0.09%

    Trend of Monthly Gold Rate in Lucknow for October 2020

    • The price of gold In Lucknow for the month of October opened at the rate of Rs.5,166 per gram.
    • The gold price witnessed a fluctuating trend in the city over the next few days. The increase in the rates saw gold record its highest price for the month when a gram was retailing for Rs.5,229 on 13 October.
    • Over the rest of the month, gold rate in Lucknow remained unsteady and recorded its lowest price for the month on 18 October, 19 October, and 20 October when a gram of the 24-karat gold was being traded for Rs.4,914. Gold price closed the month at the rate of Rs.5,171 per gram. The overall performance of the yellow metal witnessed an upward trend wherein the percentage change stood at 0.05%.

    Trend of Gold Rate in Lucknow for September 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    September 1 Rate Rs.5,287 per gram
    September 31 Rate Rs.5,135 per gram
    Highest Rate in September Rs.5,297 per gram on 16 September
    Lowest Rate in September Rs.5,077 per gram on 29 September
    Overall Performance Decline
    Percentage Change -2.87%

    Trend of Monthly Gold Rate in Lucknow for September 2020:

    • On 1 September, gold prices in Lucknow were at Rs.5,287 per gram. From 4 September to 7 September, the prices of the yellow metal were at Rs.5,208 for a gram. From 8 September to 22 September, gold rates fluctuated in Lucknow. Gold hit its highest rate for the month on 16 September and was at Rs.5,297 per gram.
    • From 23 September to 29 September, gold prices fell in the city. Gold hit its lowest rate for the month on 29 September and was at Rs.5,077 per gram. On the last date of the month, gold prices were at Rs.5,135 for a gram. Overall, the prices of gold in Lucknow declined by 2.87% over the course of the month.

    Trend of Gold Rate in Lucknow for August 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    August 1 Rate  Rs.5,481 per gram
    August 31 Rate  Rs.5,250 per gram
    Highest Rate in August Rs.5,749 per gram on 8 August
    Lowest Rate in August Rs.5,234 per gram on 27 and 28 August
    Overall Performance  Decline
    Percentage Change -4.21%

    Trend of Monthly Gold Rate in Lucknow for August 2020:

    • The prices of gold on 1 August 2020 and 31 August 2020 in Lucknow were at Rs.5,481 per gram and Rs.5,250 for a gram, respectively. The prices of the yellow metal fell by 4.21% in the month of August in Lucknow.
    • After increasing for the first few days of the month, gold hit its highest rate on 8 August and was at Rs.5,749 per gram. By 12 August, gold prices had reduced to Rs.5,276 for a gram. Gold hit its lowest rate for the month on 27 August and 28 August and was at Rs.5,234 per gram.

    Trend of Gold Rate in Lucknow for July 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    July 1 Rate Rs.4,946 per gram
    July 31 Rate Rs.5,439 per gram
    Highest Rate in July Rs.5,439 per gram on 31 July
    Lowest Rate in July Rs.4,925 per gram on 7 July
    Overall Performance Incline
    Percentage Change 9.96%

    Trend of Monthly Gold Rate in Lucknow for July 2020:

    • The gold price in Lucknow opened at Rs.4,946 per gram and closed at Rs.5,439 per gram.
    • The highest gold rate in Lucknow was Rs.5,439 per gram on 31 July while the lowest was Rs.4,925 per gram on 7 July.
    • The overall monthly performance was an incline of 9.96%.
    • The price of gold was influenced by global economic factors, most notably the coronavirus pandemic which continues to affect markets worldwide. News of successful coronavirus vaccine trials resulted in investor appetites for riskier assets booming whereas the continuing slowdown in the economy resulted in investors turning to safe haven investments such as gold in volatile times.

    Trend of Gold Rate in Lucknow for June 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    June 1 Rate Rs.4,799 per gram
    June 30 Rate Rs.4,961 per gram
    Highest Rate in June Rs.4,961 per gram on 30 June
    Lowest Rate in June Rs.4,725 per gram on 8 June
    Overall Performance Incline
    Percentage Change 3.38%

    Trend of Monthly Gold Rate in Lucknow for June 2020:

    • During the month of June, gold opened at the rate of Rs.4,799 per gram in the city of Lucknow. The lowest price of the yellow metal was recorded for the month was on 8 June 2020 wherein it stood at the rate of Rs.4,725 per gram. For the rest of the month, the prices generally remained unsteady.
    • The demand of the yellow metal increased multiple times as the number of COVID-19 positive cases kept increasing, especially in India and USA. The overall economy and business growth have been stunted owing to the same reason.
    • The month of June ended with the price of the precious metal standing at the rate of Rs.4,961 per gram. This was also the highest rate of the yellow metal which was recorded in the month of June. Over the month, there was a percentage increase of 3.38% in the performance of gold in Lucknow.

    Trend of Gold Rate in Lucknow for May 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    May 1 Rate Rs.4,699 per gram
    May 31 Rate Rs.4,799 per gram
    Highest Rate in May Rs.4,883 per gram on 18 and 19 May
    Lowest Rate in May Rs.4,646 per gram from 2 May
    Overall Performance Incline
    Percentage Change 2.12%

    Trend of Monthly Gold Rate in Lucknow for May 2020:

    • In Lucknow, the price of gold for the month of May opened at Rs.4,699 for a gram. Over the course of the first week, the prices of gold fluctuated in the city. On 2 May 2020, gold hit its lowest rate for the month and was at Rs.4,646 per gram. The prices of gold increased by Rs.100 over the next two days and were at Rs.4,751 by 4 May 2020. After decreasing slightly on 5 May 2020, the gold rates increased on 6 May 2020 and were at Rs.4,694 for a gram. Gold prices remained stagnant over the next two days. On the last day of the week, the price of the yellow metal was at Rs.4,678 per gram. The improvement for riskier assets was the reason for the prices to decrease over the course of the week.
    • On 10 May, the price of gold was at Rs.4,678 for a gram. Over the course of the second week, the prices of gold continuously increased. The tensions between China and the US over the coronavirus outbreak and the fears of a global recession were the reasons for the prices to increase. After seeing a slight increase over the next few days, gold prices were at Rs.4,741 for a gram by 13 May 2020. On 14 May 2020, the prices of the yellow metal decreased slightly and were at Rs.4,720 per gram. However, by the end of the week, the prices of gold increased and were at Rs.4,841 for a gram.
    • On the first day of the third week, gold did not see any change in its prices. On 18 May and 19 May, the gold hit its highest rates for the month and was at Rs.4,883 per gram. The price of gold decreased over the four days and was at Rs.4,771 for a gram by 23 May 2020.
    • In the last week of the month, the prices of gold fluctuated in the city. On 24 May, the price of gold was at Rs.4,792 per gram. Over the next two days, the prices of the yellow metal remained the same and were at Rs.4,830 for a gram. As several countries eased the lockdown restrictions and opened the markets, the prices of gold reduced to Rs.4,788 by 30 May 2020. On the last day of the month, gold prices increased slightly and were at Rs.4,799 per gram, seeing a 2.12% increase in its prices.

    Trend of Gold Rate in Lucknow for April 2020 (rates per gram of 24 karat gold)

    Parameters Gold Price (24 karat)
    April 1 Rate Rs.4,253 per gram
    April 30 Rate Rs.4,761 per gram
    Highest Rate in April Rs.4,846 per gram on 29 April 2020
    Lowest Rate in April Rs.4,253 per gram from 1 April to 20 April
    Overall Monthly Performance Incline
    Percentage Change 11.94%

    Trend of Monthly Gold Rate in Lucknow for April 2020:

    • Gold prices for the month of April in Lucknow were very unusual. On the first day of the month, the price of gold was at Rs.4,253 for a gram. For the first 20 days of the month, the prices of gold remained the same and were at Rs.4,253 per gram. The main reason for the prices to remain the same was due to the value of the dollar being firm. During this period, investors were expecting the non-farm payroll data to know how the coronavirus outbreak had impacted the economy.
    • Gold saw a Rs.490 jump in its prices on 21 April 2020 and was at Rs.4,792 for a gram. The main reason for the increase in prices was because of gold being considered as a safe haven because of the coronavirus outbreak across the world. The fear of a global recession also ensured that the prices of gold increased. The huge fall in oil prices also caused fears that there could be a global economic fallout. Most countries across the world also enforced a lockdown to stop the coronavirus spread. On 22 April 2020, gold saw its prices reduce by Rs.11. Gold prices further reduced on 23 April and 24 April and were at Rs.4,727 for a gram. On 25 April 2020, the price of gold increased again and was at Rs.4,746 for a gram.
    • From 26 April 2020 to 28 April 2020, the prices of gold remained the same and were at Rs.4,757 for a gram. Central Banks across the world introduced several measures to help the economy during the coronavirus outbreak. This ensured that the prices of gold did not fall. On 29 April 2020, the price of gold increased again and was at 4,846 for a gram. This was also the highest rate that gold hit for the month. On the last day of the month, the price of gold reduced and was at Rs.4,761 per gram. The improvement in the appetite for riskier assets ensured that the prices of gold decreased. Overall, the prices of gold in Lucknow saw an incline of 11.94% in its prices.

    Trend of Gold Rate in Lucknow for March 2020 (rates per gram for 24 karat gold)

    Parameters Gold Price (24 karat)
    March 1 Rate Rs.4,274 per gram
    March 31 Rate Rs.4,253 per gram
    Highest Rate in March Rs.4,536 per gram on 7 March 2020
    Lowest Rate in March Rs.4,111 per gram on 20 March 2020
    Overall Monthly Performance Decline
    Percentage Change -0.49%

    Gold Rate Trend in Lucknow for March 2020:

    • In the month of March, gold had witnessed an overall decline in its price by 0.49%. The gold stood at Rs.4,274 per gram on 1 March and by 3 March, the price had risen to Rs.4,284 per gram. With this hike in price, gold had recovered from a huge one-day decline which was driven by traders waiting on the potential for cuts in interest rate by the U.S. Federal Reserve. The first week of March came to an end with the gold standing at Rs.5,510 per gram.
    • The second week opened with the gold standing at Rs.4,510 per gram. After continuously declining, the price of the gold reached Rs.4,431 per gram on 13 March.
    • A gram of gold was priced at Rs.4,237 on 16 March. The price had tumbled as traders had entered into a selling spree and sold gold to hold onto cash. This was done to meet their margin calls. On 20 March, the gold had reached its lowest for the month. On this day, gold was priced at Rs.4,111 per gram. The drop was driven by investors liquidating their positions in gold in spite of measures from central banks to fight the economic damage caused by the coronavirus. By 21 March, the rates of gold had skyrocketed to Rs.4,190 per gram. Monetary and fiscal stimulus by many central banks were put into effect for helping the economy stand back on its feet and heal from the impact of the coronavirus.
    • The last week of March saw the price of gold remain steady. From 22 March to 31 March, the price of the gold was stagnant at Rs.4,253 per gram. The fear of economic fallout from the pandemic had been bolstering the bullion, although traders remained cautious during this week. During the last few days, investors feared the growing damage that the coronavirus was causing to the global economy.

    Trend of Gold Rate in Lucknow for February 2020 (rates per gram for 24 karat gold)

    Parameter Gold price (24 karat)
    February 1 Rate Rs.4,169 per gram
    February 29 Rate Rs.4,368 per gram
    Highest Rate in February Rs.4,395 per gram on 25 February and 26 February
    Lowest Rate in February Rs.4,116 per gram on 7 February
    Overall Performance Incline
    Percentage Change 4.77%

    Gold Rate Trend in Lucknow for February 2020:

    • With a percentage incline of 4.77, gold prices in Lucknow showed an overall inclining trend, however, in the last week of the month, the metal’s prices declined substantially. Opening the month at Rs.4,169 per gram, the precious metal increased to Rs.4,195 per gram on 4 February 2020. This was majorly due to high local demand given that the month marks the wedding season in the country. However, with the Central Bank of China decreasing its reverse repo rate and liquidated funds to support their economy. By 7 February, the price of the metal had dipped to its monthly low at Rs.4,116 per gram.
    • After hitting its monthly low amidst high-risk appetite, the price of the metal bounced back amidst renewed fears of the Coronavirus and its effect on the economy. With more new cases being reported and the death toll increasing, investors shifted back to the bullion market amidst safe-haven demand. On 12 February, gold prices saw a marginal dip to Rs.4,148 per gram and further to Rs.4,142 per gram on 13 February with a higher risk appetite amidst the number of cases of Coronavirus going down.
    • Gold prices showed a heavy incline in prices after 13 February at Rs.4,169 per gram on 14 February and increasing to Rs.4,211 per gram on 16 February. The price of the metal increased due to an increase in safe-haven demand with South Korea reporting new cases of the Coronavirus along with an increase in death toll as well. However, after increasing, gold prices fluctuated with a marginal decline. The yellow metal was priced at Rs.4,195 per gram on 19 February. With the worldwide effect of the virus on the economy, gold prices increased to Rs.4,237 per gram on 20 February.
    • In the last week of the month, gold prices showed heavy inclines which led to the metal hitting its highest price at Rs.4,395 per gram on 25 February and keeping steady on 26 February as well. However, due to its high prices and constant fluctuations, investors took a call to take profits on the metal. Due to heavy profit-booking, the price of the metal decreased and closed the month at Rs.4,368 per gram on 29 February.

    Trend of Gold Rate in Lucknow for January 2020 (rates per gram for 24 karat gold)

    Parameter Gold price (24 karat)
    January 1 Rate Rs.3,995 per gram
    January 31 Rate Rs.4,169 per gram
    Highest Rate in January Rs.4,211 per gram on 9 January
    Lowest Rate in January Rs.3,995 per gram on 1 January
    Overall Performance Incline
    Percentage Change 4.35%

    Gold Rate Trend in Lucknow for January 2020:

    • Over the month of January, gold prices in Lucknow witnessed an inclining trend. The rates opened at Rs.3,995 per gram and closed at Rs.4,169 per gram. The overall performance of the yellow metal showed an incline of 4.35% in the city.
    • The rates hit the highest for the month on 9 January with every gram of gold being retailed for Rs.4,211 in the city. The increase in the prices was accounted to dollar remaining on the backfoot as progress was being made regarding the US-Sino trade deal.
    • Optimism regarding the signing of the trade deal between Washington and Beijing and easing tensions in the Middle East meant that rates of gold slipped in the city. As of 20 January, a gram of the 24-karat gold was traded for Rs.4.074.
    • In the final week of the month, the rates of the yellow started to increase gradually before slipping to Rs.4,116 per gram on 30 January. The drop in the prices was accounted to the World Health Organization (WHO) declaring a world health emergency due to the increasing number of coronavirus cases and deaths caused by it.

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    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

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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 Drops on Weak Demand and Strengthening Equities

      Gold futures dropped as equity markets gained on positive news from the U.S.’s decision to revoke imposition of tariffs on Mexico. Gold futures dropped by Rs.263 to trade at Rs.32,673 for 10 grams on the Multi Commodity Exchange as Indian equities rose on strong overseas cues.

      Weak U.S. jobs data also fuelled the possibility of an interest rate cut by the U.S. Federal Reserve, but a strong U.S. dollar capped gains.  The long-term implications of a rate cut could boost bullion demand, though there could be a decrease in demand as bonds become more attractive in the short-term.

      Declining demand from local jewellers at the spot market further dented the precious metal’s value locally.

      10 June 2019

    • Fed Rate Hike Pause Boosts Gold Though Strong Equities Cap Gains

      Gold prices rose on indications that the Federal Reserve is likely to slow down its pace of interest rate hikes, but strong equity results capped the yellow metal’s gains. 

      Spot gold rose by a marginal 0.1% to trade at $1,311.29 per ounce after prices slid since the start of the month. U.S. gold futures also rose by 0.1% to close at $1,315.10 per ounce as investors looked to bullion once again. 

      A dovish Fed Reserve regarding interest rates would reduce the opportunity cost on holding non-interest bearing bullion. This in turn would weigh on the dollar, which would have implications on the Consumer Price Index and the general economic outlook.

      12 February 2019

    • 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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