• Gold Rate In Ludhiana

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    26 May 2018 ₹ 3,060 ₹ 24,480 ₹ 3,213 ₹ 25,704
    25 May 2018 ₹ 3,050 ₹ 24,400 ₹ 3,203 ₹ 25,624
    24 May 2018 ₹ 3,040 ₹ 24,320 ₹ 3,192 ₹ 25,536
    23 May 2018 ₹ 3,030 ₹ 24,240 ₹ 3,182 ₹ 25,456
    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

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

    Gold Rate in Ludhiana

    Ludhiana is one of the major cities in Punjab. Therefore, gold rates in Ludhiana depend on the gold rates persisting in the state of Punjab and closely follows the trend of rates elsewhere in the country. Gold rates in Ludhiana are dynamic and fluctuate every day. Gold is a popular commodity as well as form of investment for the residents of Ludhiana, who invest in gold as a form of hedging against inflation. Gold rates in Ludhiana have been declining this year following the trend of gold prices in the rest of the country.

    Gold is popular in the form of jewellery and ornament in Ludhiana. This is true for both the urban and rural populace. Gold rate in Ludhiana varies for different varieties of gold, with the base price considered to be that of gold bullions. Jewelleries and coins usually have higher rates owing to the workmanship costs that get added to the final price of the metal.

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

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

    • Gold trade began in Ludhiana with the yellow metal priced relatively lower at Rs.3,192 per gram on the 1st as an incline in the dollar value led to prices dropping from the previous session.
    • Prices dropped to Rs.3,176 per gram on the 3rd with the US greenback on the back of cautious markets ahead of the Fed Reserve meeting on monetary policies.
    • Gold rates in Ludhiana rose over the next few days as the dollar softened after Federal Reserve’s dovish decision to raise the US interest rates as expected.
    • When trading concluded for the week, the precious metal prices were recorded holding at Rs.3,197 per gram on the 6th amid strong global cues.

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

    • Ludhiana trading bore witness to the same trend, which was seen in all the other major cities in the country.
    • Rates remained largely even for the first four days before some robust inclines were recorded towards the last three days.
    • The week began with gold trading at 3,197 per gram, which then went up to Rs.3,203 per gram on the 8th.
    • The 9th saw gold rates remain the same as there was very little stimulus for any change to happen.
    • On the 10th, gold rates went up Rs.3,208 per gram before surging to Rs.3,213 per gram the next day, i.e., the 11th.
    • This incline happened as the US dollar took a hit after the latest inflation data was revealed, which was weaker than the initially predicted figures.
    • This gave momentum for gold investors and rates surged to Rs.3,134 per gram on the 12th of May.
    • Steady demand helped gold rates remain steady and the metal was recorded at Rs.3,134 per gram when the day ended.

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

    • The third week began in Ludhiana with gold trading at Rs.3,234 per gram on the 14th with steady domestic demand amid the weakened US dollar and equity markets.
    • With the greenback recovering from its near-one-week lows, demand for the metal dropped. This led to gold prices dropping to Rs.3,213 per gram on the 15th.
    • Though gold continued trading at the same rate the following day, an incline in the dollar value close to the year’s highest figure led to gold rates plunging to Rs.3,187 per gram on the 17th.
    • The 18th saw prices dropping further to Rs.3,171 per gram amid the strengthening US dollar and well-performing equity markets.
    • Trading concluded for the week with gold rates in Ludhiana recovering to Rs.3,192 per gram on the 20th with the ongoing US-Italian spat pushing demand higher for safe-haven assets such as the bullion.

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

    Parameters Gold price (24 karat)
    April 1 Rate Rs.3,140 per gram
    April 30 Rate 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%

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

    • Ludhiana’s gold rates saw the metal’s fortunes fluctuate a fair bit over the course of the first week of April.
    • The week began with the yellow metal trading at Rs.3,140 per gram on consistent demand from local jewellers.
    • Gold price in Ludhiana rose to Rs.3,161 per gram on 3 April as the dollar plunged on fears of a trade war between China and the United States.
    • A sharp drop in prices was seen the next day as equity markets rebounded following the release of positive non-farm data, resulting in gold falling to Rs.3,134 per gram on 5 April.
    • Gold rate in Ludhiana fell to Rs.3,129 per gram on 6 April as industrial demand also fell due to a resurgent dollar.
    • A late rally saw gold prices rise as the week ended on 7 April, with the precious metal closing the week at Rs.3,140 per gram.

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

    • Gold opened at Rs.3,140 per gram when the week began in Ludhiana
    • Local demand was largely steady for most of this week and gold prices saw little change for the first four days.
    • From the 8th to the 11th, gold continued to trade at Rs.3,140 per gram.
    • This, however, changed on the 12th as global cues improved amidst the beginning of a war between the US and Syria.
    • Gold rates surged to Rs.3,166 per gram on the 12th before rising to Rs.3,197 per gram the next day.
    • Even though gold demand was high in the international market, rates dropped in Delhi owing to saturated demand.
    • On the 14th, the yellow metal traded at Rs.3,171 per gram before rising to Rs.3,187 per gram the next day.

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

    • The week opened in Ludhiana with gold trading at Rs.3,208 per gram on the 16th with bullion markets holding to its previous gains after the missile attack against Syria by Britain, France and the United States.
    • Rates dropped to Rs.3,192 per gram on the 17th as the dollar regained lost ground following the release of the stronger-than-expected US industrial production and housing data.
    • With base metal markets rallying amid the ongoing political crisis in the Korean Peninsula and Syrian nation, gold rate in Ludhiana rose to Rs.3,197 per gram on the 18th.
    • Steady global demand coupled with firm overseas market trends led to gold prices in Ludhiana remaining untouched at Rs.3,197 per gram the next day.
    • However, an increased buying by local jewellers, retailers and industries at the domestic level tracking positive international trends led to gold prices surging to Rs.3,224 per gram on the 20th.
    • The yellow metal prices dropped to Rs.3,213 per gram the following day with the US dollar rising against other apex currencies amid the easing global political tensions.
    • The week concluded with the bullion prices rising to Rs.3,218 per gram on the 22nd owing to an incline in local demand for the metal amid the ongoing wedding season.

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

    • Gold opened at Rs.3,218 per gram in Ludhiana with no changes being seen compared to the previous day.
    • On the 24th, gold prices declined to Rs.3,197 per gram. This day recorded a Rs.21 fall in rates as demand was rather weak.
    • On the 26th, the yellow metal continued to trade at Rs.3,197 per gram but a sudden rise in demand pushed gold rate in Ludhiana up to Rs.3,213 per gram.
    • Gold price in Ludhiana held on at Rs.3,213 per gram on the 27th but another decline in demand pushed prices down to Rs.3,197 per gram the next day.
    • When the week came to an end, gold prices were recorded at Rs.3,208 per gram.

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

    Parameters Gold price (24 karat)
    Gold Rate on 1st March 2018 Rs.3,113 per gram
    Gold Rate on 31st March 2018 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 19 and 20 March
    Overall Monthly Performance Incline
    Percentage Change 0.67%

    March 2018 - Week 1 (1 - 5):

    • There was not much change in the price of gold in Ludhiana in the first week of March, with the yellow metal opening the week at Rs.3,108 per gram.
    • There was a sharp jump in the price of gold on 3 March as international markets took a nosedive due to news of tariffs on steel and aluminium.
    • Gold price in Ludhiana were more or less constant for the rest of the week as gold capitalised on the sudden drop in the price of the dollar as well as the uncertainty in the equity market.
    • Asian demand for gold rose sharply as industrial orders rose due to the favourable import rate, which kept gold prices stable.
    • The week ended with gold prices falling very marginally to trade at Rs.3,129 per gram on 5 March due to a dip in local demand.

    March 2018 - Week 2 (5-11):

    • Gold was seen trading at Rs.3,129 per gram when trading began in Ludhiana for the second week of March.
    • Due to a strong dollar performance, gold rates dropped by Rs.10 and the metal traded at Rs.3,119 per gram on the 6th of March.
    • As the US dollar weakened, gold rates surged to Rs.3,a40 per gram on the 7th before dropping back to Rs.3,129 per gram on the 8th. The fall happened as the dollar bounced back while demand seemed to saturate.
    • The 9th saw gold rates drop again to Rs.3,113 per gram as investor sentiment remained quite weak.
    • With the US dollar seeing a decline amid poor wage gains, gold rates went back up to Rs.3,134 per gram on the 10th of March.
    • The week ended with gold still trading at Rs.3,134 per gram.

    March 2018 - Week 3 (12 - 18):

    • Gold was recorded trading at Rs.3,134 per gram on the 12th when the week began in Ludhiana.
    • Gold price in Ludhiana dropped to Rs.3,124 per gram on the 13th after the US greenback rose against a basket of other emerging currencies amid the well-performing equity markets.
    • Thanks to steady demand from local jewellers and industries, gold rates remained untouched at Rs.3,124 per gram the next day.
    • On the 15th, gold price in Ludhiana rose to Rs.3,129 per gram after the US dollar lost with trade war concerns weighing on share markets.
    • However, with investors and traders expecting the Federal Reserve to raise their interest rates for the first time this year, the US dollar rebounded. This led to gold rates plunging to Rs.3,119 per gram on the 16th.
    • The well-performing equity markets coupled with a stronger US dollar resulted in the precious metal prices dropping further to Rs.3,103 per gram on the 17th.
    • When trading concluded for the month, gold rates in Ludhiana were recorded holding steady at Rs.3,103 per gram on the 18th amid firm trends overseas.

    March 2018 - Week 4 (19 - 25):

    • Gold prices in Ludhiana showed a similar trend to those in other cities, with the yellow metal trading at Rs.3,098 per gram on 19 March.
    • Prices rose as positive market trends saw the dollar dip and U.S. equity markets perform poorly.
    • Local demand was also steady, as industrial orders rose on a weak dollar.
    • Gold traded at Rs.3,134 per gram on 22 March as fears of a trade war due to the steel and aluminium tariffs led to global markets falling.
    • Asian demand for gold soared due to a low dollar rate, which also influenced demand locally, as gold rose in Ludhiana to Rs.3,145 per gram on 23 March.
    • The week ended with gold rising to Rs.3,171 per gram on 25 March on strong demand and positive global cues.

    March 2018 - Week 5 (26 - 31):

    • Trading began in Ludhiana with the yellow metal priced at Rs.3,171 per gram on the 26th with steady domestic demand from local jewellers, retailers and industries.
    • The dollar rose against other apex currencies with a possible trade war between the US and China was diverted after negotiations between the two nation’s economy. This led to gold prices in Ludhiana dropping to Rs.3,161 per gram on the 27th.
    • However, safe-haven demand for the metal surged with diplomatic relations between Russia and the US worsening over the next few days. This led to gold prices in Ludhiana holding steady at Rs.3,066 per gram on the 28th and the 29th.
    • The 30th saw gold rates plummeting to Rs.3,134 per gram with the US dollar index rising against a basket of other emerging currencies.
    • The month ended with the bullion prices holding steady at Rs.3,134 per gram on the 31st with subdued demand for the metal and Ludhiana recording an increase of 0.67% in gold prices during the course of the month.

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

    Parameters Gold price (24 karat)
    Gold rate on 1st February 2018 Rs.3,077 per gram
    Gold rate on 28th February 2018 Rs.3,129 per gram
    Highest Rate in February Rs.3,161 per gram on 17 and 18 February
    Lowest Rate in February Rs.3,035 per gram on 9 February
    Overall Monthly Performance Incline
    Percentage Change 1.68%

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

    • Gold trade in Ludhiana seemed to be unaffected by the rise in the US dollar rates and well-performing equities in the international markets during the week.
    • On the 1st, gold was priced at Rs.3,077 per gram with steady demand for the metal.
    • With local jewellers and retailers making steady purchases to meet domestic demand, gold price in Ludhiana continued to trade at Rs.3,077 per gram on the 2nd and the 3rd.
    • When trading concluded for the month, the bullion prices were holding steady at Rs.3,077 per gram on the 4th with steady demand for the precious metal.

    February 2018 - Week 2 (5th -11th)

    • When the week began in Ludhiana, gold was priced at a respectable Rs.3,082 per gram. But, as domestic demand was weak, gold price in Ludhiana went down to Rs.3,066 per gram the next day.
    • Over the 7th and the 8th of February, gold traded at Rs.3,066 per gram as a weak dollar had a bullish effect on trading.
    • The 9th saw gold rate in Ludhiana drop to Rs.3,035 per gram as a strong dollar influenced the sentiments of local investors.
    • The 10th witnessed a surge in local demand, which led to a Rs.15 increase in prices and the metal traded at RS.3,050 per gram.
    • WIth the demand continuing to remain steady, gold rates rose again on the 11th and gold was seen selling at Rs.3,056 per gram on the final day of the week.

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

    • The week commenced in Ludhiana with the bullion trading at Rs.3,056 per gram on the 12th with investors awaiting the inflation data in the United States for ideas on the intensity of the interest rate hikes.
    • The next day saw gold price in Ludhiana surging to Rs.3,087 per gram with the US dollar losing against other emerging currencies ahead of the inflation data.
    • The weakened dollar coupled with the poorly performing equities led to gold rate in Ludhiana rising to Rs.3,098 per gram and Rs.3,103 per gram on the 14th and the 15th respectively.
    • The release of the stronger than expected data resulted in investors and stockist gravitating to safe-assets assets such as the bullion to overcome inflation concerns. This led to gold prices Ludhiana rise for the fourth straight session to Rs.3,140 per gram on the 16th.
    • Though the yellow metal prices remained untouched at Rs.3,140 per gram on the 17th amid firm trends overseas, rates surged to Rs.3,161 per gram on the last day after the weakened US dollar resulted in an increase in domestic buying by local jewellers, retailers and industries.

    February 2018 - Week 4 (19th - 25th)

    • When the fourth week of February began on the 19th, gold was priced at Rs.3,083 per gram
    • However, gold rates were primed for some declines this week as the US dollar pushed back against other apex currencies after week of underperformance.
    • On the 20th, gold rate in Ludhiana fell to Rs.3,068 per gram as the dollar surged and posted a significant growth.
    • As the dollar continued to gain, gold price in Ludhiana dropped to Rs.3,057 per gram on the 21st of February.
    • The yellow metal’s rates fell for the third consecutive day and a Rs.4 decline was recorded on the 22nd, bringing gold prices effectively down to Rs.3,054 per gram.
    • However, local demand was boosted by a number of factors on the 23rd and the metal’s rates surged to Rs.3,060 per gram on this day.
    • For the next two days, gold traded at Rs.3,067 per gram thanks to an increased demand for the metal from local investors.

    February 2018 - Week 5 (26th - 28th)

    • Trading began in Ludhiana with the yellow metal priced at Rs.3,124 per gram owing to steady domestic demand from the previous week.
    • Gold rate in Ludhiana surged to Rs.3,134 per gram on the 27th with the US dollar losing ground ahead of the US Federal Reserve Chairman Jerome Powell first testimony on the country’s economy later during the week.
    • When the week concluded, the precious metal was recorded trading relatively lower at Rs.3,129 per gram on the 28th amid the strengthening US dollar and firmer equity markets.
    • Ludhiana recorded an incline of 1.68% in bullion trade amid positive overseas trends during the course of the month.

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

    Parameters Gold price (24 karat)
    Gold Rate on 1st January 2018 Rs.3,010 per gram
    Gold Rate on 31st January 2018 Rs.3,066 per gram
    Highest Rate in January Rs.3,115 per gram on 15, 16, 20 and 21 January
    Lowest Rate in January Rs.3,010 per gram on 1 and 2 January
    Overall Monthly Performance Incline
    Percentage Change 1.86%

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

    • When the new year began in Ludhiana, the yellow metal was priced at Rs.3,010 per gram.
    • Gold rate in Ludhiana remained at Rs.3,010 per gram on the 2nd due to little change in demand from domestic circles.
    • As gold hit near four-month highs amid a poor dollar, prices went up to Rs.3,045 per gram on the 3rd of January. Various reports doing the rounds suggested that “today’s gold rate” was affected by gold trading in the $1,310 per ounce range, the highest since September 2017.
    • After news of the payrolls data in the US broke out, the bullion market eased a little. This was why gold rates fell to RS.3,030 per gram on the the 4th.
    • But, as markets concluded that the data showed some below par performance, gold rate in Ludhiana went back up to Rs.3,045 per gram on the 5th.
    • Over the final two days of the week, the yellow metal was seen trading at Rs.3,050 per gram.

    January 2018 - Week 2 (8th - 14th)

    • Gold trade in Ludhiana opened with the bullion priced at Rs.3,045 per gram on the 8th.
    • Gold rate in Ludhiana rose to Rs.3,051 per gram on the 9th before plunging to Rs.3,041 per gram on the 10th after the US dollar strengthened amid strong US treasury yields.
    • The 11th, however, witnessed gold rates rebounding to Rs.3,061 per gram as the dollar lost against a basket of other major emerging currencies.
    • The poorly performing equities market coupled with a weakened dollar led to gold rates rising further to Rs.3,078 per gram on the 12th before stabilising at Rs.3,099 per gram on the 13th.
    • Strong trends overseas coupled with increased domestic demand from local jewellers, industries and retailers led to gold price in Ludhiana holding steady at Rs.3,099 per gram for the remainder of the week.

    January 2018 - Week 3 (15th - 21st)

    • When trading began for the week in Ludhiana, gold was priced at Rs.3,099 per gram.
    • As the global market began to see increased sales, gold rate in Ludhiana surged for the metal to trade at Rs.3,115 per gram on the 16th of January.
    • The yellow metal’s rates continued to remain at Rs.3,115 per gram on the 17th as well before an improvement in the dollar index caused bullion demand to subside.
    • On the 18th and the 19th, gold traded at Rs.3,095 per gram as a rising dollar was assisted by positive returns from the treasury yields.
    • However, this low demand couldn’t be sustained for long as news about a government shutdown cause gold rates to rise significantly the next day.
    • Gold price in Ludhiana surged by Rs.20 for the metal to trade at Rs.3,115 per gram over the final two days of the week.

    January 2018 - Week 4 (22nd - 28th)

    • When trading for this week commenced in Ludhiana gold was selling at Rs.3,056 per gram.
    • Due to increased demand from local consumers, gold rate in Ludhiana increased marginally to Rs.3,066 per gram the subsequent day
    • As plenty of concerns regarding the US economy surfaced, the US dollar weakened. This led to an increase in safe-have purchases. This pushed gold price in Ludhiana up to Rs.3,108 per gram on the 24th of January.
    • Prices seemed to consolidate as the week progressed because local demand tailed off due to a decline in purchases. Due to this, gold traded at Rs.3,108 per gram for the final two days of this week.

    January 2018 - Week 5 (29th - 31st)

    • When trading commenced in Ludhiana, the yellow metal was priced at Rs.3,077 per gram on the 29th.
    • Gold price in Ludhiana plunged further to Rs.3,066 per gram on the 30th with a decline in demand amid the rising US dollar index and strengthening equities market.
    • The week ended with gold rate in Ludhiana remaining unchanged at Rs.3,066 per gram on account of steady demand from local jewellers, industries and retailers.
    • Ludhiana saw gold rates rise by 1.86% during the course of the month.
    Parameters Gold price (24 karat)
    Gold Rate on 1st December 2017 Rs.3,016 per gram
    Gold Rate on 31st December 2017 Rs.3,020 per gram
    Highest Rate in December Rs.3,036 per gram from 2 to 4 December
    Lowest Rate in December Rs.2,910 per gram on 11 to 13 December
    Overall Monthly Performance Incline
    Percentage Change 0.13%

    December 2017 - Week 1 (1st - 10th)

    • The week commenced in Ludhiana with gold trading relatively lower at Rs.3,016 per gram on the 1st of December.
    • However, prices picked up as the dollar weakened after the landmark bill to overhaul the US tax system was stalled by the US Senate due to conflicting political opinions between the House and the Republicans. The led to gold rates surging to Rs.3,036 per gram on the 2nd.
    • Rates remained the same at Rs.3,036 per gram until the 4th due to a poo dollar performance and weaker equities.
    • But the US dollar regained its sheen after the Senate decided to set aside its differences and clear the US tax reform bill. This resulted in gold rate in Ludhiana plunging to Rs.2,998 per gram on the 5th.
    • A well performing dollar coupled with strong equity markets over the next few days led to gold rate in Ludhiana plummeting to Rs.2,988 per gram and Rs.2,983 per gram on the 6th and the 7th respectively.
    • The bullion trade in Ludhiana hit their lowest level in four months - Rs.2,950 per gram - on the 8th with markets focusing on the release of the non-farm payrolls data report during the week and also the US central bank’s monetary policy meetings to be held during the month.
    • The 9th saw gold rate in Ludhiana rising to Rs.2,955 per gram due to a slight increase in domestic demand from local jewellers and retailers to meet the wedding season demand.

    December 2017 - Week 2 (11th - 17th)

    • When trade exchanges opened in Ludhiana for the week, the yellow metal was priced at Rs.2,940 per gram.
    • Due to demand hovering 5-month lows, gold rates in Ludhiana were still holding at Rs.2,940 per gram on the 12th and the 13th of December.
    • News about a crashing dollar had positive impact on gold and the metal’s rates went up to Rs.2,960 per gram on the 14th of December.
    • The same demand couldn’t be sustained for longer periods of time. This led to gold price in Ludhiana dropping down to Rs.2,945 per gram the next day.
    • On the 16th, the metal’s rates pushed up to Rs.2,955 per gram and continued at the same rate till the end of the week.

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

    • The third week commenced with the yellow metal priced relatively lower at Rs.2,950 per gram on the 18th after the dollar and equities strengthened with the US tax bill moving closer to being approved during the week.
    • However, with investors mulled over the ultimate result of the tax reform on the country’s economic growth, prices surged to Rs.2,960 per gram on the 19th.
    • Gold rate in Ludhiana remained unchanged at Rs.2,960 per gram on the 20th, but surged to Rs.2,965 per gram the following day with the equities losing its ground.
    • The 22nd saw price in Ludhiana decline to Rs.2,960 per gram as the US dollar strengthened after the US Senate approved the landmark tax bill to overhaul the country’s tax system.
    • However, the newly approved tax cuts resulted in failed Asian stocks. This pushed demand higher for the precious metal and gold was recorded trading at Rs.2,985 per gram on the 2,985 per gram on the 23rd and 24th.

    December 2017 - Week 4 (25th - 31st)

    • On the 25th of December, gold prices in Ludhiana were recorded at Rs.2,975 per gram. This moved up to Rs.2,985 per gram due to an increase in international demand.
    • Gold prices surged again to Rs.2,995 per gram on the 27th of the month, as gold was seen hitting the $1,300 and above mark in the global market.
    • Rates went up again on the 28th to Rs.3,015 per gram as a weak US dollar pushed gold to hit four-week high prices.
    • As demand toned down a little, the yellow metal traded at Rs.3,020 per gram on the 29th of the month.
    • The last two days of December saw gold rates remain at Rs.3,020 per gram as local demand remained steady despite there being a surge globally.
    Parameters Gold price (24 karat)
    Gold rate on 1st November 2017 Rs.3,006 per gram
    Gold rate on 30th November 2017 Rs.3,026 per gram
    Highest Rate in November 2017 Rs.3,060 per gram from 18 to 20 November
    Lowest Rate in November 2017 Rs.3,006 per gram on 1 November
    Overall Monthly Performance Incline
    Percentage Change 0.66%

    November 2017 - Week 3 (13th - 19th)

    • Gold was priced at Rs.3,035 per gram when trading started in Ludhiana for this week.
    • Gold rate in Ludhiana jumped to Rs.3,045 per gram as local demand surged considerably. Prices went up again on the 15th to Rs.3,050 per gram as domestic purchasing trend remained strong in spite of weak global cues.
    • However, gold prices in Ludhiana fell to Rs.3,040 per gram on the 16th as the US dollar value improved due to high yield from treasury bonds.
    • Gold price in Ludhiana fell again to Rs.3,030 per gram on the 17th before seeing a significant rise on the 18th of November.
    • The yellow metal traded at Rs.3,060 per gram on the 18th and continued at the same rate on the 19th as demand from local investors remained strong.

    November 2017 - Week 4 (20th - 26th)

    • Gold opened strongly in Ludhiana before falling over the next two days due to factors concerning the Federal Reserve and its latest meeting.
    • On the 20th of November, the yellow metal traded at Rs.3,060 per gram.
    • However, rates fell to Rs.3,035 per gram - a Rs.25 decline - as local demand dropped off in all major Asian and European markets.
    • Gold rate in Ludhiana went down further to Rs.3,026 per gram on the 23th as US Fed minutes was expected to be revealed to the media.
    • Once investors found the Fed rhetoric wasn’t as bad, gold price in Ludhiana surged to Rs.3,046 per gram on the 24th of the month.
    • Demand fell on the 25th and prices went down to Rs.3,036 per gram, which continued on till the closing hours of the 26th.

    November 2017 - Week 5 (27th - 30th)

    • Gold opened at Rs.3,045 per gram for the week in Ludhiana.
    • Gold price in Ludhiana dropped to Rs.3,040 per gram the next day because of a poor demand brought about by the Fed chair speech. Rates dropped all over the the world and consequently in India as well.
    • A stable demand from local buyers saw gold rate in Ludhiana continue at Rs.3,040 per gram on the 29th of the month.
    • The final day of this week saw a significant decrease in gold rates with the metal’s rates falling by nearly Rs.20 to trade at Rs.3,026 per gram.
    • The main reason for this drop was the positive data from the US stock market.
    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 September 2017 Rs.3,072 per gram from 12 to 16 October
    Lowest Rate in September 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 to 8th)

    • Gold opened at Rs.3,063 per gram in Ludhiana and was steady on the next day.
    • Demand for the gold dropped for the fifth consecutive session due to the subdued demand from the industry.
    • The drop in the gold price in Ludhiana attracted more people to spend on gold, prior to the festive season.
    • Until 6 October, the gold rate in Ludhiana dropped gradually and reached Rs.3,028 per gram. The strengthening of US dollar and equity markets was the reason behind the dropping prices.
    • Towards the end of the week, the bullion gained stability and so the prices edged up slightly and was traded at Rs.3,046 per gram on the last two days of the week.

    October 2017-Week 2 (9th to 15th)

    • The week marked the gold to be traded at highest price due to rising demand from the locals.
    • Government's decision to relax on the KYC norms just prior to the diwali season resulted the prices to go up as the demand raised.
    • On 10 October and 11 October, gold prices in Ludhiana touched Rs.3,062 per gram and later traded at Rs.3,072 per gram, which was same until the end of the week.
    • The rising geopolitical tension increased the volatility in the US market and raised the gold’s prices in Ludhiana further.

    October 2017-Week 3 (16th to 22nd)

    • The week began with the metal traded at the same price like the last week due to the continued political tension in the US market.
    • Demand for the metal also increased the gold’s price.
    • However, as the week progressed, the yellow metal’s price degraded sharply and touched Rs.3,056 per gram.
    • Buyer’s changing investment plans also fueled the prices to go down.
    • From 19 October to 20 October, gold was priced Rs.3,057 per gram. The stability in the US dollar resulted the gold to drop further and trade at Rs.3,047 per gram for the last two days of the week.

    October 2017-Week 4 & Week 5 (23rd to 31st)

    • Across the last week, gold price was almost stable and at the lower side.
    • The bullion trading began with Rs.3,041 per gram on the fourth week of October.
    • Gradually, over the week, the prices had a downfall of Rs.15 per gram and reached Rs.3,026 per gram on 27 October.
    • The impacts of Hurricane IRMA and Harvey although increased the gold rate, however, the subdued demand from jewellers, retailers and buyers kept the prices balanced. The regained stability in the US economy also helped the gold to close at Rs.3,026 per gram, the months lowest. 
    Parameters Gold price (24 karat)
    Gold rate on 1st September 2017 Rs.3,024 per gram
    Gold rate on 30th September 017 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 1.27%

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

    • The first week of September in Ludhiana opened with gold trading at Rs.3,024 per gram on the 1st.
    • Gold price in in Ludhiana rose to Rs.3,029 per gram on the 2nd and remained untouched the next day, thanks to steady demand for the metal.
    • North Korean nuclear weapon tests led to global markets crashing. This led to an increase in safe-haven investments and gold rates surged to Rs.3,105 per gram on the 4th.
    • The 5th witnessed gold rate in Ludhiana rising further to Rs.3,115 per gram with investors and retail jewellers ramping up purchases.
    • Prices remained unchanged the next day due to steady demand for the precious metal.
    • A drop in domestic demand resulted in gold rates in Ludhiana dropping to Rs.3,100 per gram on the 7th.
    • News about North Korea having successfully tested a more powerful weapon broke out and prices surged to Rs.3,130 per gram on the 8th. This was the highest recorded figure for the month of September in Ludhiana.
    • The rest of the week witnessed positive demand from investors and stockists and gold was priced at Rs.3,125 per gram.

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

    • Gold traded at Rs.3,105 per gram on the 11th, when the week began.
    • Prices dropped to Rs.3,085 per gram on the 12th as a result of reduced purchases by investors and retailers.
    • An incline in global as well as local demand led to gold rates rising to Rs.3,094 per gram on the 13th.
    • Gold rates dropped significantly as investors suspended purchases with the US dollar building up. This resulted in gold trading at Rs.3,085 per gram on the 14th.
    • The rest of the week saw gold rates in Ludhiana remaining untouched due to poor demand for the yellow metal.
    • The week ended with gold trading at Rs.3,085 per gram on the 17th.

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

    • Gold opened at Rs.3,073 per gram on the 18th, when the week began.
    • The strengthening of the US dollar resulted in fluctuating demand for the precious metal, and gold rates dropped to Rs.3,056 per gram on the 19th.
    • Safe-haven investments saw an incline as relations between the US and North Korea worsened. This led to prices rising to Rs.3,078 per gram on the 20th.
    • However, poor global trade and reduced demand brought gold rates down to Rs.3,051 per gram on the 21st.
    • Gold prices in Ludhiana surged to Rs.3,078 per gram on the 22nd as demand for the metal increased with the festive season nearing in.
    • The recovery of the US economy coupled with the dollar strengthening reduced gold prices to Rs.3,058 per gram on the 23rd.
    • Gold traded at Rs.3,058 per gram the next day with poor but steady demand for the metal.

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

    • Gold was trading at Rs.3,051 per gram on the 25th, when the last week of September began.
    • An increase in festive purchases pushed demand for the metal up and gold traded at Rs.3,110 per gram on the 26th.
    • However, gold rates in Ludhiana dropped the next day as the dollar strengthened following the news about a possible Fed rate hike and the metal was trading at Rs.3,085 per gram on the 27th.
    • Demand for the yellow metal dropped over the next two days, and prices fell to Rs.3,067 per gram and Rs.3,057 per gram on the 28th and the 29th respectively.
    • The last week ended with gold trading at Rs.3,063 per gram on the 30th as demand increased marginally.
    Parameters Gold price (24 karat)
    August 1 Rate Rs.2,926 per gram
    August 31 Rate Rs.2,971 per gram
    Highest Rate in August Rs.2,999 per gram on 29 August
    Lowest Rate in August Rs.2,899 per gram on 3 August
    Overall Monthly Performance Incline
    Percentage Change 1.53%

    August ‘17- Week 1 (1st to 6th)

    • The price of gold in Ludhiana was on the decline as demand fluctuations led to a drop in the price.
    • Gold opened the week at Rs.2,960 per gram on 1 August as steady demand from the previous month kept prices stable.
    • However, a rise in the dollar rate led to gold price in Ludhiana falling to Rs.2,930 per gram on 3 August.
    • The continued low demand from local jewellers and industry kept prices low, though the metal rose to trade at Rs.2,940 per gram on 4 August.
    • Stable markets and a recovering Euro led to weakened demand from overseas as the yellow metal ended the week trading at Rs.2,930 per gram on 5 & 6 August.

    August ‘17- Week 2 (7th to 13th)

    • The second week of August sae gold trade at Rs.2,930 per gram on 7 August, with the price remaining unchanged due to lack of significant trade in the metal over the weekend.
    • Gold price in Ludhiana fluctuated due to conflicting cues from different markets, with gold rising to Rs.2,939 per gram on 9 August.
    • Demand was on the increase as the U.S. dollar rate was on the decline as internal tensions in the United States fuelled market uncertainty, resulting in gold prices rising to Rs.2,974 per gram on 10 August.
    • Higher demand for the precious metal was seen towards the middle of the week as interest from investors rose, pushing prices to Rs.2,999 per gram from 11-13 August.
    • While demand from local industry was still poor, there was a slight increase in demand from retail markets due to overseas trends.

    August ‘17- Week 3 (14th to 20th)

    • Fluctuations in the price of god marked the third week of August, with the metal opening the week priced at Rs.2,994 per gram on 14 August.
    • Demand fell sharply to Rs.2,979 per gram on 15 August as local demand fell due to stable markets and the dollar rate rose after a period of instability.
    • The relative lack of major geopolitical crises led to markets also beginning to stabilise, which led to lower demand for the safe-haven asset.
    • Gold price in Ludhiana rose to Rs.2,999 per gram on 18 August as industrial demand from Asia increased, but prices fell to Rs.2,982 per gram on 19 August as demand stabilised.
    • The week ended with gold trading at Rs.2,982 per gram on 20 August as trading in the metal was stable.

    August ‘170 Week 4 (21 to 27)

    • Gold price in Ludhiana were low as the week began, with gold trading at Rs.2,972 per gram on 21 August due to stable dollar rates.
    • The threat of a major hurricane along the U.S. coast led to some market uncertainty but demand for the yellow metal did not fluctuate too steeply.
    • Gold was priced at Rs.2,987 per gram on 23 August as local demand began picking up following a sustained period of poor demand.
    • There was a gradual increase in the price of the precious metal as the week progressed following the renewal of rhetoric between the U.S. and North Korea.
    • Gold rate in Ludhiana surged to Rs.2,992 per gram on 24 August and remained unchanged for the remainder of the week.

    August ‘17- Week 5 (28th to 31st)

    • The devastation wrought by Hurricane Harvey as well as the possibility of war with North Korea led to U.S. markets plummeting and an increase in demand for safe-haven assets.
    • Gold traded at Rs.3,017 per gram on 28 August before prices stabilised to Rs.3,009 per gram on 29 August.
    • Local industrial demand was on the rise as conducive market conditions led to an increase in orders, which helped keep prices stable.
    • Gold traded at Rs.3,004 per gram on 30 August before ending the month at Rs.2,999 per gram on 31 August.
    Parameters Gold price (24 karat)
    July 1st Rate Rs.2,992 per gram
    July 31st Rate Rs.2,950 per gram
    Highest Rate in July Rs.2,992 per gram on 1 & 2 July
    Lowest Rate in July Rs.2,843 per gram on 12 & 13 July
    Overall Monthly Performance Decline
    Percentage Change -1.40%

    July ‘17- Week 1 (1st to 9th)

    • Unstable markets led to gold price in Ludhiana fluctuating in the first week of July, as the precious metal opened the month at Rs.2,992 per gram.
    • Prices dropped to Rs.2,972 per gram on 3 July as U.S. markets recovered from their losses from the previous month.
    • The run-up to the G20 summit buoyed the U.S. dollar and stock markets as gold prices plunged to Rs.2,942 per gram from 4-6 July.
    • The decline in local demand led to gold rate in Ludhiana falling to Rs.2,902 per gram on 8 July.
    • Prices remained low as the week ended on 9 July, with gold continuing to trade at Rs.2,902 per gram.

    July ‘17- Week 2 (10th to 16th)

    • Gold was priced at Rs.2,902 per gram on 10 July as demand continued to be low as the week began.
    • Golf rate in Ludhiana fell to Rs.2,843 per gram on 12 July as local demand was muted based on international trends.
    • The U.S dollar fluctuated due to erratic trading but overseas demand was still poor as industry awaited news from the Federal Reserve before increasing orders.
    • Gold prices rose marginally to trade at Rs.2,863 per gram on 14 July as jewellers increased orders.
    • International demand was also on the increase as the possibility of a rate hike was unfounded, with gold ending the week at Rs.2,863 per gram on 16 July.

    July ‘17- Week 3 (17th to 23th)

    • Gold price in Ludhiana rose as a combination of falling stock markets and rising industrial demand led to higher trading in the yellow metal.
    • Gold traded at Rs.2,863 per gram on 17 July and rose to Rs.2,883 per gram on 19 July as local demand picked up after a lull following the launch of GST.
    • Demand spiked as the possibility of a repeal of Obamacare led to U.S. markets crashing, with gold trading at Rs.2,944 per gram on 22 July.
    • The sudden rise in price was maintained as local demand also surged, with investors increasing orders due to a low U.S. dollar rate.
    • Prices remained constant as the week ended on 23 July, with gold trading at Rs.2,944 per gram.

    July ‘17- Week 4 (24th to 31st)

    • Prices fluctuated in the last week as demand was subject to stock market fluctuations.
    • Gold traded at Rs.2,944 per gram on 24 July as industrial demand from overseas kept prices high.
    • Demand reached Rs.2,950 per gram on 27 July as geopolitical tensions led to investors putting their money into safe-haven assets like gold.
    • Gold rate in Ludhiana fell to Rs.2,945 per gram on 28 July but soon rose to Rs.2,955 per gram on 29 July.
    • There was a minor change in the price as the month ended, with gold priced at Rs.2,950 per gram on 31 July.
    • The overall value of gold fell by 1.40% due to poor demand.

    Details of Gold Price in Ludhiana (22 Karat & 24 Karat) - Till August 2015

    Gold rate in Ludhiana in 2015 for both 22 karat and 24 karat purities are discussed below:

    22 karat gold (price per gram): Gold rate in Ludhiana for 22 karat purity was Rs.2,474 at the start of the year. Prices saw a steep appreciation in the next three weeks and came to a high of Rs.2,607 on 23rd January, also the highest rate this year. Prices in February saw fluctuation from Rs.2,456 at the start of the month to end at Rs.2,607. Prices were stable through March and ranged between Rs.2,382-Rs.2,463. Prices were on a general upward trend through April, with month start and end prices at Rs.2,435 and Rs.2,513 respectively. Prices were relatively stable throughout May except for a mini rally mid-month, which took rates up to Rs.2,566. Gold rates were stable in the range of Rs.2,460 to Rs.2,510 through June. July saw the biggest depreciation of rates this year with prices falling to a multi-year low of Rs.2,289 by the end of the month.

    24 karat gold (prices per gram): Prices at the start of the year were at Rs.2,700 level and peaked over the next three weeks to Rs.2,837 on 23rd January. Prices at the start of February were also high at Rs.2,837, however the month saw a general decline in rates before ending at Rs.2,680. March saw more or less stable prices of gold ranging from Rs.2,592 to Rs.2,692. Gold prices were on a general upward swing through the month of April, which started at Rs.2,647 and ended at Rs.2,734. Similarly in May gold rates saw a mini rally and went to a high of Rs.2,792 on 19th May. Prices stayed at the level of Rs.2,680 to Rs.2,730 throughout June. The biggest slide in prices this year was experienced in July, which started at Rs.2,680 and ended at Rs.2,492, the lowest in the past few years.

    Gold buying patterns in Ludhiana

    Gold id preferred in the physical form in Ludhiana like the rest of the state. Major gold products in the city include:

    Over the counter: Gold jewellery is a popular item with the people of Ludhiana. Being one of the prosperous cities in the country, Ludhiana residents have been banking on gold products as investment and savings option. Major jewellers in the city include PC Jewellers, Nikkamal Jewellers, Ganpati Jewellers, Palace Jewellers, Nataraj Jewellers, to name a few. Physical gold is also sold as coins by major banks and private dealers in the city. Gold bullion is sold at base gold rates persisting for the day and are offered by a select few large dealers only.

    Traded gold: Gold can also be purchased through spot and futures contracts. These contracts are available in a specified time, with spot contracts preferred by those who want the gold to be delivered at the earliest. Futures contracts lets Ludhiana residents buy gold at current prices and get it delivered at a later rate, thereby shielding them against negative market pressure. Gold ETFs can also be traded at the Bombay Stock Exchange

    Also Check Gold Price in NearBy Cities of Ludhiana

    Gold Rate in Delhi Gold Rate in Lucknow
    Gold Rate in Chandigarh Gold Rate in Srinagar
    Also Know: Silver Rate in Ludhiana

    Read more on Gold

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