Gold Rate In Ludhiana

  • Today's Gold Rate in Ludhiana ( 21 Sep 2019 )
    ₹ 3,660
    Today's Gold Rate (22K) per gram
    Compare Gold Rate In Ludhiana (Today & Yesterday)
    Today
    (21 Sep 2019)
    Yesterday
    (20 Sep 2019)
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 3,660 ₹ 3,655 ₹ 5 ↑
    Standard Gold (22 K) ( 8 grams ) ₹ 29,280 ₹ 29,240 ₹ 40 ↑
    Pure Gold (24 K) ( 1 gram ) ₹ 3,843 ₹ 3,838 ₹ 5 ↑
    Pure Gold (24 K) ( 8 grams ) ₹ 30,744 ₹ 30,704 ₹ 40 ↑
    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    21 Sep 2019 ₹ 3,660 ₹ 29,280 ₹ 3,843 ₹ 30,744
    20 Sep 2019 ₹ 3,655 ₹ 29,240 ₹ 3,838 ₹ 30,704
    19 Sep 2019 ₹ 3,690 ₹ 29,520 ₹ 3,875 ₹ 31,000
    18 Sep 2019 ₹ 3,700 ₹ 29,600 ₹ 3,885 ₹ 31,080
    17 Sep 2019 ₹ 3,700 ₹ 29,600 ₹ 3,885 ₹ 31,080
    16 Sep 2019 ₹ 3,660 ₹ 29,280 ₹ 3,843 ₹ 30,744
    15 Sep 2019 ₹ 3,660 ₹ 29,280 ₹ 3,843 ₹ 30,744
    14 Sep 2019 ₹ 3,680 ₹ 29,440 ₹ 3,864 ₹ 30,912
    13 Sep 2019 ₹ 3,695 ₹ 29,560 ₹ 3,880 ₹ 31,040
    12 Sep 2019 ₹ 3,710 ₹ 29,680 ₹ 3,896 ₹ 31,168

    Weekly & Monthly Graph of Gold Rate in Ludhiana

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

    Gold Rate in 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 September 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    September 1 Rate Rs.3,959 per gram
    September 15 Rate Rs.3,843 per gram
    Highest Rate in September Rs.4,037 per gram on 5 September
    Lowest Rate in September Rs.3,843 per gram on 15 September
    Overall Performance Decline

    September 2019- Week 1 (1-8):

    • Opening at Rs.3,959 per gram, gold prices in Ludhiana remained unchanged for a few days as a strong dollar capped bullion gains.
    • Prices surged to Rs.4,037 per gram on 5 September after weak U.S. data reduced investor risk appetite and increased interest in safe-haven bullion, though retail demand was weak.
    • A drop in jeweller demand and a possible end to the Sino-U.S. trade war bolstered equity demand as the precious metal fell out of favour, trading lower at Rs.3,938 per gram on 8 September.

    September 2019- Week 2 (9-15):

    • Gold prices in Ludhiana opened the week steady at Rs.3,938 per gram but a drop in overall demand resulted in a steady decline in offtake despite the festive season.
    • Overseas offtake fell as investors switched to riskier assets like equities amidst positive economic indicators, with local prices falling to Rs.3,896 per gram on 12 September.
    • Jewellers also reduced orders due to conflicting cues and declining footfalls, as prices slumped to Rs.3,880 per gram on 13 September before closing the week at Rs.3,843 per gram on 15 September.

    Trend of Gold Rate in Ludhiana for August 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    August 1 Rate Rs.3,581 per gram
    August 31 Rate Rs.3,959 per gram
    Highest Rate in August Rs.4,011 per gram on 27 August
    Lowest Rate in August Rs.3,554 per gram on 2 August
    Overall Performance Incline
    Percentage Change 10.55%

    August 2019- Week 1 (1-11):

    • The month began with gold rates in Ludhiana trading at Rs.3,581 per gram but prices quickly rose on increased investor demand, rising to Rs.3,665 per gram from 4-6 August.
    • As central banks slashed interest rates globally, demand for safe-haven bullion rose and buoyed prices as the precious metal traded at Rs.3,801 per gram on 8 August.
    • Trade tensions between the U.S. and China and falling U.S. Treasury yields also dampened equity interest as gold ended the week priced at Rs.3,843 per gram.

    August 2019- Week 2 (12-18):

    • The month began with gold rates in Ludhiana trading at Rs.3,581 per gram but prices quickly rose on increased investor demand, rising to Rs.3,665 per gram from 4-6 August.
    • As central banks slashed interest rates globally, demand for safe-haven bullion rose and buoyed prices as the precious metal traded at Rs.3,801 per gram on 8 August.
    • Trade tensions between the U.S. and China and falling U.S. Treasury yields also dampened equity interest as gold ended the week priced at Rs.3,843 per gram.

    August 2019- Week 3 (19-25):

    • There was no change in gold rates in Ludhiana when the week began, with the metal priced at Rs.3,869 per gram due to sluggish local demand.
    • Fluctuations in the dollar rate led to prices climbing to Rs.3,896 per gram on 20 August on uncertainty over the impact of the ongoing trade tensions on global economic growth.
    • Despite lower demand from investors, the precious metal rose to Rs.3,906 per gram on 22 August before surging to Rs.3,948 per gram on 25 August after positive indicators from the Fed meeting.

    August 2019- Week 4 (26-31):

    • Interest in bullion was on the rise due to economic uncertainty which bolstered gold rates in Ludhiana after the metal opened at Rs.3,948 per gram on 26 August.
    • A surge in jeweller demand and a weak rupee propelled prices to Rs.4,011 per gram on 27 August but a recovery in the dollar saw the yellow metal trade lower at Rs.3,990 per gram on 29 August.
    • A solution to the U.S.-China trade dispute bolstered equity markets and capped gains from bullion sales, with prices rising marginally to Rs.3,959 per gram on 31 August.

    Trend of Gold Rate in Ludhiana for July 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    July 1 Rate Rs.3,486 per gram
    July 31 Rate Rs.3,575 per gram
    Highest Rate in July Rs.3,612 per gram on 20 July
    Lowest Rate in July Rs.3,444 per gram on 2 July
    Overall Performance Incline
    Percentage Change 2.55%

    July 2019- Week 1 (1-7):

    • The week began with gold rates in Ludhiana trading at Rs.3,486 per gram but prices dipped to Rs.3,444 per gram on 2 July as demand dropped ahead of key U.S. jobs data being released.
    • Equity markets rose briefly on rising investor sentiment but gold recovered to trade at Rs.3,518 per gram on 4 July.
    • Rising bullion costs resulted in retail demand falling as the precious metal dropped to Rs.3,497 per gram on 5 July but a late rally boosted prices to Rs.3,518 per gram when the week ended on 7 July.

    July 2019- Week 2 (8-14):

    • Gold prices in Ludhiana opened at Rs.3,518 per gram on 8 July and rose briefly to Rs.3,528 per gram on steady overseas interest, though local demand was on the decline.
    • Prices dropped to Rs.3,507 per gram on 11 July encouraging U.S. jobs data boosted equity markets and the dollar, with local interest in bullion continuing to drop.
    • The Federal Reserve’s dovish monetary policy and possible interest rate cut increased demand for bullion as the metal surged to Rs.3,570 per gram on 12 July before settling at Rs.3,554 pr gram on 14 July.

    July 2019- Week 3 (15-21):

    • Gold rates in Ludhiana opened unchanged at Rs.3,544 per gram but dipped briefly to Rs.3,539 per gram on 18 July as demand fell on a recovery in equities and the dollar.
    • Prices surged to Rs.3,575 per gram on 19 July as markets reacted negatively to escalating U.S.-Iran tensions, reaching Rs.3,612 per gram on 20 July.
    • Minor fluctuations in demand were observed as the week ended, with the yellow metal trading marginally lower at Rs.3,586 per gram on 21 July.

    July 2019- Week 4 (22-28):

    • Gold prices in Ludhiana opened at Rs.3,586 per gram on 22 July and rose to Rs.3,591 per gram on 23 July on increased overseas investor interest, despite a rise in the dollar rate.
    • Despite rising tensions in the Persian Gulf and a resultant surge in crude oil prices, investors stayed away from bullion as the metal dropped to Rs.3,570 per gram on 24 July.
    • After briefly rising to Rs.3,581 per gram on 26 July on steady local jeweller demand, prices once again dipped to Rs.3,570 per gram when the week ended on 28 July.

    July 2019- Week 5 (29-31):

    • Despite steady overseas interest in bullion, rising import costs resulted in gold rates in Ludhiana remaining static after opening at Rs.3,575 per gram on 29 July.
    • Anticipation of interest rate cuts in the U.S. dampened the dollar and bolstered bullion offtake, but poor local retail demand capped gains.
    • Declining retail demand offset growing industrial offtake, as the metal ended the month priced at Rs.3,575 per gram on 31 July.

    Trend of Gold Rate in Ludhiana for June 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    June 1 Rate Rs.3,302 per gram
    June 30 Rate Rs.3,486 per gram
    Highest Rate in June Rs.3,305 per gram from 25-27 June
    Lowest Rate in June Rs.3,302 per gram on 1 and 2 June
    Overall Performance Incline
    Percentage Change 5.57%

    June 2019- Week 1 (1-9):

    • Steady demand for bullion and rising global uncertainty resulted in gold rates in Ludhiana climbing despite a static opening of Rs.3,276 per gram, with the metal rising to Rs.3,302 per gram on 3 June.
    • Prices remained static for a few days as local demand remained weak despite strong overseas cues, though a drop in the U.S. dollar boosted local offtake as gold rose to Rs.3,339 per gram on 7 June.
    • Fears over a possible recession due to escalating trade tensions and a slowing Chinese economy increased bullion’s safe-haven appeal as the metal closed the week trading at Rs.3,371 per gram.

    June 2019- Week 2 (10 - 16):

    • The gold rate in Ludhiana at the start of week 2 stood the same as it did at the end of week 1. The price of gold stood at Rs.3,371 per gram on the 10th.
    • A subdued dollar rate caused gold price to soar, and on 13 June, the price of the metal rose to Rs.3,339 per gram.
    • Despite a rise in the U.S. dollar rate, gold rates continued to climb, trading at Rs.3,371 per gram on 15 June before surging to Rs.3,376 per gram on 16 June.

    June 2019- Week 3 (17-23):

    • Gold prices in Ludhiana rose on fears of market uncertainty due to escalating tensions between the U.S. and Iran, though the metal opened at Rs.3,276 per gram on 17 June.
    • Prices remained static for a few days but possible interest rate cuts by the U.S. Fed increased offtake as gold surged to Rs.3,444 per gram on 21 June.
    • A fall in the dollar rate and steady offtake saw gold priced at Rs.3,507 per gram on 22 June before the metal fell marginally to Rs.3,497 per gram on 23 June.

    June 2019- Week 4 (24-30):

    • Despite steady overseas interest in bullion, rising prices resulted in gold prices in Ludhiana opening at Rs.3,497 per gram on 24 June before prices climbed to Rs.3,502 per gram on 25 June on rising geopolitical tensions.
    • Local demand was muted, with jewellers also reducing orders due to the high import cost which resulted in the metal falling to Rs.3,486 per gram on 28 June.
    • Steady industrial offtake kept prices constant despite fluctuations in overseas cues, as the metal ended the month at Rs.3,486 per gram.

    Trend of Gold Rate in Ludhiana for May 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    May 1 Rate Rs.3,266 per gram
    May 31 Rate Rs.3,276 per gram
    Highest Rate in May Rs.3,281 per gram on 18 May
    Lowest Rate in May Rs.3,218 per gram on 4 May
    Overall Performance Incline

    May 2019- Week 1 (1-5):

    • Gold rates in Ludhiana opened at Rs.3,266 per gram on 1 May before slipping to Rs.3,260 per gram on 2 May as the precious metal’s offtake dropped on weak local and overseas demand.
    • The release of positive U.S. and Chinese economic data resulted in bullion prices plunging to Rs.3,229 per gram on 3 May.
    • Demand for the precious metal continued to drop, falling to Rs.3,218 per gram on 4 May on weak jeweller offtake before industrial demand raised prices to Rs.3,229 per gram on 5 May.

    May 2019- Week 2 (6-12):

    • When the week began, gold prices in Ludhiana were constant at Rs.3,229 per gram but a steady rise in overseas offtake due to the volatile equity markets saw prices rise to Rs.3,239 per gram on 8 May.
    • Renewed U.S. trade tariffs against China and the possibility of action against Iran severely impacted equity markets which resulted in gold’s safe-haven appeal rising as the metal traded at Rs.3,250 per gram on 10 May.
    • Prices continued to rise for the rest of the week with the yellow metal’s value climbing to Rs.3,271 per gram when trading ended on 12 May.

    May 2019- Week 3 (13-19):

    • When the week began, gold prices in Ludhiana were constant at Rs.3,228 per gram but a steady rise in overseas offtake due to the volatile equity markets saw prices rise to Rs.3,240 per gram on 15 May.
    • Renewed U.S. trade tariffs against China and the possibility of action against Iran severely impacted equity markets which resulted in gold’s safe-haven appeal rising as the metal traded at Rs.3,25 6per gram on 17 May.
    • Prices continued to rise for the rest of the week with the yellow metal’s value climbing to Rs.3,273 per gram when trading ended on 19 May.

    May 2019- Week 4 (20-26):

    • Local demand for bullion was steady as the week began but weak overseas cues saw gold rates in Ludhiana drop after a stable opening of Rs.3,271 per gram on 20 May.
    • Investor interest in gold was weak ahead of the Fed Reserve meeting and waning Asian interest further dented the metal’s price as it fell to Rs.3,239 per gram on 22 May.
    • A resurgent U.S. dollar capped local gains as the fallout of the Sino-U.S. trade war rattled markets, momentarily boosting bullion demand as the metal rose to Rs.3,250 per gram on 26 May.

    May 2019- Week 5 (27-31):

    • After opening unchanged at Rs.3,250 per gram, gold prices in Ludhiana rose marginally on positive overseas cues despite the rupee falling sharply against the U.S. dollar.
    • Prices rose to Rs.3,255 per gram on 29 May as the possible economic fallout of the U.S.-China trade talks saw equity markets fall steadily.
    • A surprising drop in U.S. Treasury yields and a subdued dollar rate also served to boost bullion demand, as the precious metal surged to Rs.3,276 per gram when trading ended on 31 May.

    Trend of Gold Rate in Ludhiana for April 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    April 1 Rate Rs.3,266 per gram
    April 28 Rate Rs.3,276 per gram
    Highest Rate in April Rs.3,276 per gram on 10, 12 and 28 April
    Lowest Rate in April Rs.3,229 per gram on 4, 5 and 20 April
    Overall Performance Incline

    April 2019 - Week 1 (1-7):

    • Weak local offtake and conflicting overseas cues resulted in gold prices in Ludhiana fluctuating during the middle of the week after opening at Rs.3,266 per gram.
    • Prices dropped to Rs.3,229 per gram on 4 April as a resurgent U.S. dollar and rising investor interest in equities dented demand for the precious metal.
    • Fears of a global economic downturn amidst weak U.S. jobs data resulted in a late rally as gold rates rose to Rs.3.255 per gram on 7 April.

    April 2019 - Week 2 (8-14):

    • Gold rates in Ludhiana opened at a lacklustre Rs.3,255 per gram before climbing to Rs.3,276 per gram on 10 April as investor interest in bullion rose amid rising uncertainty over global equity performance.
    • Prices continued to fluctuate, dipping to Rs.3,266 per gram on 11 April as local demand was bolstered by a weak U.S. dollar rate and encouraging overseas cues.
    • A recovery in the dollar rate and rising equity investment dented demand for gold as the metal dropped to Rs.3,245 per gram on 13 April but inched higher to close at Rs.3,250 per gram on 14 April.

    April 2019 - Week 3 (15-21):

    • Reducing industrial offtake and poor retail demand resulted in gold prices in Ludhiana falling during the week after opening at a static Rs.3,250 per gram on 15 April.
    • Rising equity investments after positive economic data from China and the U.S. dented bullion demand as the precious metal fell to Rs.3,239 per gram on 18 April.
    • A possible resolution to the Sino-U.S. trade dispute saw gold plunge to Rs.3,229 per gram on 20 April but a slight drop in the U.S. dollar rate prompted a late rally as gold prices rose to Rs.3,234 per gram on 21 April.

    April 2019- Week 4 (22-28):

    • Declining retail demand dampened gold rates in Ludhiana as the week began with the precious metal trading at Rs.3,234 per gram on 22 April.
    • Prices rose marginally to Rs.3,250 per gram on 23 April but steady investor interest in equities resulted in rates falling to Rs.3,234 per gram on 24 April.
    • Fluctuating overseas demand notwithstanding, the precious metal rose on strong local retail and jeweller demand, closing the week at Rs.3,276 per gram on 28 April.

    Trend of Gold Rate in ludhiana for March 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    March 1 Rate Rs.3,402 per gram
    March 31 Rate Rs.3,266 per gram
    Highest Rate in March Rs.3,402 per gram on 1 March
    Lowest Rate in March Rs.3,239 per gram on 30 March
    Overall Performance Decline
    Percentage Change -3.99%

    March 2019 - Week 1 (1-10):

    • Falling interest from investors and a steadily recovering dollar resulted in a drop in gold prices in Ludhiana, after the metal traded at Rs.3,402 per gram on 1 March.
    • Prices dropped on waning retail demand due to the rise in price associated with a higher U.S. dollar, with gold trading at Rs.3,318 per gram on 6 March.
    • Despite fears over an economic slowdown, confidence in equities rose as gold dropped to Rs.3,276 per gram on 8 March.
    • Geopolitical tension in the U.S. over another possible shutdown rattled markets as interest in gold rose marginally to trade at Rs.3,318 per gram on 10 March.

    March 2019 - Week 2 (11-17):

    • Gold prices in Ludhiana fluctuated due to conflicting cues and a strengthening U.S. dollar after trading at Rs.3,318 per gram when the week began.
    • Sluggish industrial offtake saw prices drop to Rs.3,287 per gram on 13 March as investors shifted to equities after positive U.S. jobs data buoyed markets and currencies.
    • Prices rose to Rs.3,302 per gram on 15 March as markets dropped on Brexit vote fears, but a delay in the process once again boosted the dollar as gold plunged to Rs.3,281 per gram on 17 March.

    March 2019 - Week 3 (18-24):

    • Investor interest in bullion boosted gold prices in Ludhiana as the week began, with the precious metal trading at Rs.3,281 per gram on 18 March before prices slid briefly to Rs.3,260 per gram on 19 March.
    • Growing uncertainty over the economic impact of Brexit resulted in market volatility as investors switched back to safe-haven assets like bullion, which resulted in gold rates rising to Rs.3,276 per gram on 21 March.
    • A recovery by the dollar saw gold fall to Rs.3,260 per gram on 23 March before surging to Rs.3,308 per gram on 24 March as fears of a U.S. recession rattled markets and currencies.

    March 2019- Week 4 (25-31):

    • Global interest in bullion declined as rising investor confidence in equities dampened demand for gold, though the metal opened unchanged at Rs.3,308 per gram on 25 March before slipping to Rs.3,287 per gram on 28 March.
    • A possible resolution to the Sino-U.S. trade dispute further bolstered the U.S. dollar which dented local bullion demand, with gold falling to Rs.3,239 per gram on 30 March in a reflection of overseas trends.
    • Robust economic data from China boosted global markets but a slight drop in the dollar rate saw gold rally and trade at Rs.3,266 per gram on 31 March, though overall prices fell by 3.99%.

    Trend of Gold Rate in Ludhiana for February 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    February 1 Rate Rs.3,423 per gram
    February 28 Rate Rs.3,428 per gram
    Highest Rate in February Rs.3,465 per gram on 21 February
    Lowest Rate in February Rs.3,386 per gram on 8 and 9 February
    Overall Performance Incline
    Percentage Change 0.14%

    February 2019 - Week 1 (1-10):

    • An overall decline in demand impacted gold prices in Ludhiana in spite of the metal opening strongly at Rs.3,423 per gram on 1 February.
    • Investor interest in bullion declined as the dollar recovered and equity markets rebounded, which in turn affected local offtake.
    • Gold dropped to Rs.3,386 per gram on 8 February as poor overseas cues and an increase in the import cost of gold affected local retail and industrial demand.
    • Prices recovered marginally as the week ended, with the precious metal trading at Rs.3,402 per gram on 10 February.

    February 2019 - Week 2 (11-17):

    • Gold prices in Ludhiana opened at Rs.3,402 per gram on 11 February but poor offtake from overseas resulted in prices falling to Rs.3,376 per gram on 13 February.
    • A strengthening in the dollar rate capped gains from rising retail sales, as gold prices dipped to a monthly low of Rs.3,360 per gram on 14 February.
    • Uncertainty over the impact of Brexit and another possible U.S. government shutdown saw an increase in gold demand as the metal rose to Rs.3,423 per gram on 17 February.

    February 2019 - Week 3 (18-24):

    • Gold rates in Ludhiana rose marginally during the week after opening unchanged at Rs.3,423 per gram on 18 February on steady local offtake from retailers and jewellers.
    • Investor interest dropped ahead of the Fed Reserve meeting but a low dollar rate resulted in increased local industrial offtake as the precious metal traded at Rs.3,434 per gram on 20 February.
    • Prices rose to a monthly high of Rs.3,465 per gram on 21 February but a recovery in the dollar capped future gains and gold dropped to Rs.3,434 per gram when the week ended on 24 February.

    February 2019 - Week 4 (25-28):

    • Brexit fears notwithstanding, there was a minor drop in gold prices in Ludhiana as poor industrial offtake followed by a strengthening of the U.S. dollar reduced interest in bullion.
    • The precious metal traded at Rs.3,434 per gram on 25 February but a falling rupee capped gains from local demand as Asian interest fell ahead of results on the Sino-U.S. trade talks.
    • Indications of further rate hikes by the Fed Reserve boosted the dollar as gold prices dropped to Rs.3,428 per gram on 28 February, though the metal rose a miniscule 0.14% over the course of the month.

    Trend of Gold Rate in Ludhiana for January 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    Rate on 1st January2019 Rs.3,234per gram
    Rate on 31st January2019 Rs.3,397per gram
    Highest Rate in January 2019 Rs.3,397per gram on 31 January
    Lowest Rate in January 2019 Rs.3,234 per gram on 1 January
    Overall Performance Incline
    Percentage Change 5.04%

    January 2019 - Week 1 (1 - 6):

    • Positive overseas cues and stable local demand saw gold prices in Ludhiana rise steadily during this week.
    • The precious metal opened trading at Rs.3,234 per gram on string jeweller demand due to the wedding season.
    • Overseas interest was also high as investors sought bullion as a hedge against steep losses on the stock market, which helped propel gold rates to Rs.3,281 per gram on 4 January.
    • Prices fell marginally as the week ended, with gold closing the week at Rs.3,276 per gram and recording a rise in price of Rs.42 over the course of the week.

    January 2019 - Week 2 (7 - 13):

    • The wedding season and a weak dollar boosted gold prices in Ludhiana this week, with gold trading at Rs.3,245 per gram when trading opened on 7 January.
    • Prices climbed steadily throughout the week, as the metal was bolstered by increasing demand from overseas investors due to market uncertainty over the U.S. shutdown and Brexit fears.
    • Gold surged to Rs.3,297 per gram on 11 January and prices remained constant till the week ended on 13 January, with the metal posting a gain of Rs.52 over the course of the week.

    January 2019 - Week 3 (14 - 20):

    • A steady rise in local demand as well as positive overseas cues saw gold rate in Ludhiana rise after opening at Rs.3,297 per gram on 14 January.
    • Global markets were in decline as investors feared the impact of the Brexit crisis and the stalemate over the U.S. government shutdown, which helped gold prices rise to Rs.3,318 per gram on 16 January.
    • A rise in retail sales due to the wedding season coupled with increased orders from Asia took gold price in Ludhiana to Rs.3,334 per gram when the week ended on 20 January.

    January 2018 - Week 4 (21-27):

    • Rising retail sales and positive overseas cues boosted gold prices in Ludhiana after a static opening of Rs.3,334 per gram on 21 January.
    • Investor interest fell ahead of the Fed Reserve meeting, as gold rates dropped to Rs.3,308 per gram on 23 January but a fall in the dollar rate saw a rise in local industrial demand.
    • Political uncertainty in Venezuela impacted global markets and increased gold’s safe-haven appeal as the metal’s price rose to Rs.3,344 per gram when trading ended on 27 January.

    January 2019 - Week 5 (28-31):

    • Fluctuating equity markets and a drop in the dollar rate boosted interest in bullion, with gold trading at Rs.3,344 per gram on 28 January before rising to Rs.3,355 per gram on 29 January on steady retail demand.
    • A rising rupee made gold imports cheaper and resulted in an increase in jeweller offtake as well as higher retail sales as the metal’s price rose to Rs.3,360 per gram on 30 January.
    • Gold rates in Ludhiana continued to rise as the month ended on steady local and overseas demand, trading at Rs.3,397 per gram on 31 January to record a 5.04% rise in value.

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

    Parameters Gold price (24 karat)
    December 1 Rate Rs.3,108 per gram
    December 31 Rate Rs.3,239 per gram
    Highest Rate in December Rs.3,260 per gram on 12 December
    Lowest Rate in December Rs.3,108 per gram on 1 December
    Overall Monthly Performance Incline
    Percentage Change 4.21

    December 2018 - Week 1 (1 - 9):

    Parameters Gold price (per gram of 24 karat gold)
    December 1 Rate Rs.3,108 per gram
    December 9 Rate Rs.3,176 per gram
    Overall Weekly Performance Incline

    • Gold prices in Ludhiana were on the rise as a spike in retail demand and jeweller orders, due to the wedding season, bolstered the yellow metal.
    • The week began with gold trading at Rs.3,108 per gram before jumping to Rs.3,129 per gram on 4 December as international demand also rose on positive cues.
    • Market volatility and a fluctuating dollar led to increased investor interest in bullion, as the precious metal traded at Rs.3,176 per gram on 9 December to record a rise of Rs.68 over the course of the week.

    December 2018 - Week 2 (10 - 16):

    Parameters Gold price (per gram of 24 karat gold)
    December 10 Rate Rs.3,176 per gram
    December 16 Rate Rs.3,229 per gram
    Overall Weekly Performance Incline
    • Echoing trends seen in other cities, gold rates in Ludhiana saw a steady rise as local demand rose on positive global cues and a falling rupee.
    • Gold opened trading at Rs.3,176 per gram but quickly rose to Rs.3,260 per gram on 12 December as fluctuating markets resulted in increased demand for the metal as a safe-haven.
    • Prices dipped to Rs.3,229 per gram on 14 December as a possible interest rate hike bolstered markets, leading to declining interest in bullion.
    • The week ended with gold trading at Rs.3,229 per gram.

    December 2018 - Week 3 (17 - 23):

    Parameters Gold price (per gram of 24 karat gold)
    December 17 Rate Rs.3,229 per gram
    December 23 Rate Rs.3,187 per gram
    Overall Weekly Performance Decline
    • Gold was priced at Rs.3,229 per gram on the 17th of December, when the week began, which then dropped to Rs.3,213 per gram the next day.
    • On the 19th, gold rates in Ludhiana went up to Rs.3,224 per gram before a drop in demand saw prices tumble to Rs.3,176 per gram the next day.
    • Over the next three days, gold rates improved slightly and on the final day of the week, the metal was seen trading at Rs.3,187 per gram.

    December 2018 - Week 4 (24 - 31):

    Parameters Gold price (per gram of 24 karat gold)
    December 24 Rate Rs.3,187 per gram
    December 31 Rate Rs.3,239 per gram
    Overall Weekly Performance Incline
    • The last week began with gold in Ludhiana trading at Rs.3,187 per gram on the 24th with strong domestic demand from local jewellers, retailers and industries amid firm global cues.
    • Safe-haven demand surged during the week with the US-Sino trade dispute intensifying amid the declining economy of the nation.
    • Gold was recorded trading at Rs.3,239 per gram on the 31st when the month came to an end amid strong domestic demand coupled with positive market trends overseas, registering a 4.21% in prices during the month.

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

    Parameters Gold price (24 karat)
    November 1 Rate Rs.3,255 per gram
    November 30 Rate Rs.3,124 per gram
    Highest Rate in November Rs.3,266 per gram on 7 November
    Lowest Rate in November Rs.3,124 per gram on 30 November
    Overall Monthly Performance Decline
    Percentage Change -4.02%

    November 2018 - Week 1 (1 - 4):

    Parameters Gold price (per gram of 24 karat gold)
    November 1 Rate Rs.3,255 per gram
    November 4 Rate Rs.3,260 per gram
    Overall Weekly Performance Incline
    • The month began with gold in Ludhiana priced at Rs.3,255 per gram on the 1st with demand on the decline amid the strengthening US dollar and equities.
    • With the greenback gaining against a basket of other emerging currencies at the international level, demand dropped further and gold was priced at Rs.3,250 per gram until the 3rd.
    • However, with the dollar losing ground following the US payrolls data, gold rates rebounded to Rs.3,260 per gram towards the end of the week.

    November 2018 - Week 2 (5 - 11):

    Parameters Gold price (per gram of 24 karat gold)
    November 5 Rate Rs.3,260 per gram
    November 11 Rate Rs.3,203 per gram
    Overall Weekly Performance Decline
    • Trading commenced for the week with gold price in Ludhiana holding at Rs.3,260 per gram on the 5th with domestic markets capitalising on the previous week’s gains.
    • However, with the dollar rising ahead of the US Fed policy statement, demand for the metal surged and gold was priced at Rs.3,250 per gram on the 7th.
    • Strong dollar performances coupled with poor investor demand led to gold rates closing at Rs.3,203 per gram on the 11th.

    November 2018 - Week 3 (12 - 18):

    Parameters Gold price (per gram of 24 karat gold)
    November 12 Rate Rs.3,203 per gram
    November 18 Rate Rs.3,192 per gram
    Overall Weekly Performance Decline
    • The week began with gold priced at Rs.3,203 per gram on 12 November, with rising demand raising prices to Rs.3,208 per gram on 13 November.
    • As the U.S. dollar recovered and rose against the rupee, both local retail and industrial demand fell as the precious metal’s price dropped to Rs.3,161 per gram on 15 November.
    • Prices fluctuated as overseas stock markets reacted to the Brexit deal and ongoing crises surrounding the U.S. midterm elections.
    • Gold rate in Ludhiana settled at Rs.3,192 per gram on 18 November to record a marginal loss in value of Rs.11 during the week.

    November 2018 - Week 4 (19 - 25)

    Parameters Gold price (per gram of 24 karat gold)
    November 19 Rate Rs.3,192 per gram
    November 25 Rate Rs.3,145 per gram
    Overall Weekly Performance Decline
    • Gold opened the week priced at Rs.3,192 per gram on 19 November amidst a slowdown in retail sales due to the falling rupee.
    • Industrial demand was also weak as a strengthening dollar made imports of the metal more expensive, as reflected in gold prices falling to Rs.3,166 per gram on 21 November.
    • Stock markets recovered ahead of the G20 summit and bolstered global currencies, reducing investor interest in safe-haven assets like bullion.
    • Gold rates in Ludhiana continued to fall, trading at Rs.3,145 per gram on 25 November to record a loss of Rs.45 during the week.

    November 2018 - Week 5 (26 - 30):

    Parameters Gold price (per gram of 24 karat gold)
    November 26 Rate Rs.3,145 per gram
    November 30 Rate Rs.3,124 per gram
    Overall Weekly Performance Decline
    • Echoing trends seen across other cities, gold suffered a drop in price due to declining local demand and weak overseas cues.
    • Gold was priced at Rs.3,145 per gram on 26 November and fluctuated for a few days due to conflicting overseas cues.
    • Local retail demand was poor due to the falling rupee, as the metal’s price fell to Rs.3,124 per gram on 29 November.
    • The end of the month saw gold prices in Ludhiana continue to trade at Rs.3,124 per gram to record a drop in price of Rs.21 during the week.

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

    Parameters Gold price (24 karat)
    October 1 Rate Rs.3,140 per gram
    October 31 Rate Rs.3,260 per gram
    Highest Rate in October Rs.3,271 per gram on 25 October
    Lowest Rate in October Rs.3,140 per gram on 1 October
    Overall Monthly Performance Incline
    Percentage Change 3.82%

    October 2018 - Week 1 (1 - 7):

    Parameters Gold price (per gram of 24 karat gold)
    October 1 Rate Rs.3,140 per gram
    October 7 Rate Rs.3,229 per gram
    Overall Weekly Performance Incline
    • Gold prices in Ludhiana opened lower this week, trading at Rs.3,140 per gram as the rising dollar and strengthening equity markets pressured gold.
    • Prices remained stable for a few days as local jewellers reduced orders before industrial demand propped up the metal’s value.
    • In spite of the ongoing trade dispute between China and the United States, markets were quite steady, though investors continued to buy bullion, sending prices to Rs.3,197 per gram on 4 October.
    • Prices continued to trade at a steady rate, barring a drop in price to Rs.3,187 per gram on 6 October due to demand fluctuations.
    • Higher retail sales pushed gold to Rs.3,229 per gram as the week ended on 7 October, as gold prices rose by Rs.89 during the week.

    October 2018 - Week 2 (8 - 14):

    Parameters Gold price (per gram of 24 karat gold)
    October 8 Rate Rs.3,229 per gram
    October 14 Rate Rs.3,245 per gram
    Overall Weekly Performance Incline
    • Gold in Ludhiana was priced at Rs.3,229 per gram on 8 October, a decline in value from week 1.
    • The metal rose in value on 11 October as global positive trends were recorded, and the dollar dipped in value in comparison with other currencies.
    • Week 2 ended with gold trading at Rs.3,245 per gram, recording an inclining trend in the price of gold in Ludhiana.

    October 2018 - Week 3 (15 - 21):

    Parameters Gold price (per gram of 24 karat gold)
    October 15 Rate Rs.3,245 per gram
    October 21 Rate Rs.3,255 per gram
    Overall Weekly Performance Incline
    • With a rise in domestic demand and higher retail sales due to the festive season, gold prices rose steadily during the week.
    • Gold opened at Rs.3,245 per gram on 15 October, with no change in price due to steady order volumes.
    • Prices climbed to Rs.3,266 per gram on 17 October as demand rose due to turbulent stock markets and a falling dollar rate.
    • A change in fortunes led to gold rates falling to Rs.3,239 per gram on 18 October as news of a possible interest rate hike boosted markets.
    • Prices recovered towards the end of the week, with gold prices in Ludhiana trading at Rs.3,255 per gram on 21 October.

    October 2018 - Week 4 (22 - 28):

    Parameters Gold price (per gram of 24 karat gold)
    October 22 Rate Rs.3,255 per gram
    October 28 Rate Rs.3,266 per gram
    Overall Weekly Performance Incline
    • Festive demand and positive market cues saw gold prices rise steadily during the week in spite of a depreciating rupee making gold more expensive.
    • The precious metal opened trading at Rs.3,255 per gram on 22 October on positive investor sentiment, rising to Rs.3,260 per gram on 25 October as retail sales increased.
    • Global stock markets crashed on 26 October as gold prices climbed to Rs.3,271 per gram on increased investor interest in bullion.
    • Prices dropped marginally as the US dollar and equities stabilised, with the yellow metal falling to Rs.3,266 per gram on 27 October.
    • Steady demand saw gold prices in Ludhiana close at Rs.3,266 per gram on 28 October as prices rose by Rs.11 during the week.

    October 2018 - Week 5 (29-31):

    Parameters Gold price (per gram of 24 karat gold)
    October 29 Rate Rs.3,266 per gram
    October 31 Rate Rs.3,260 per gram
    Overall Weekly Performance Decline
    • Demand for gold was on the decline in the last week of October, as rising gold prices offset festie bullion demand from the retail sector.
    • The precious metal opened the week priced at Rs.3,266 per gram on 29 October amidst a surge in retail demand ahead of the festive season.
    • Prices remained static as gold gains were capped due to the fall in the rupee value, though retail demand was on the rise due to the festive season.
    • The end of the month saw gold rates continue to fall as the dollar strengthened over growing investor confidence, resulting in gold prices in Ludhiana trading at Rs.3,260 per gram.

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

    Parameters Gold price (24 karat)
    September 1 Rate Rs.3,103 per gram
    September 30 Rate Rs.3,140 per gram
    Highest Rate in September Rs.3,155 per gram on 19 September
    Lowest Rate in September Rs.3,082 per gram on 3 September
    Overall Monthly Performance Incline
    Percentage Change 1.17%

    September 2018 - Week 1 (1 - 8):

    Parameters Gold price (per gram of 24 karat gold)
    September 1 Rate Rs.3,103 per gram
    September 8 Rate Rs.3,124 per gram
    Overall Weekly Performance Incline
    • At the start of September, gold rates in Ludhiana were at a stable Rs.3,103 per gram as local demand was on the rise.
    • Industrial demand kept prices stable, though gold fell to Rs.3,082 per gram on 4 September due to fluctuations in the dollar rate.
    • Prices recovered towards the middle of the week, as the yellow metal rose to trade at Rs.3,098 per gram on 5 September.
    • In spite of the rupee falling against the dollar and making gold more expensive, retail demand was on the rise due to the upcoming wedding season.
    • Prices continued to climb as the week ended, as gold was priced at Rs.3,124 per gram on 8 September.

    September 2018 - Week 2 (9 - 14):

    Parameters Gold price (per gram of 24 karat gold)
    September 9 Rate Rs.3,124 per gram
    September 14 Rate Rs.3,134 per gram
    Overall Weekly Performance Incline
    • Gold prices in Ludhiana reflected trends seen in other cities across the country, as rising retail demand and steady industrial offtake keeping prices steady.
    • The week began with gold priced at Rs.3,124 per gram on 9 September, as a fluctuating dollar led to increased interest in bullion from investors.
    • Positive sentiment over an impending Brexit deal led to the euro and sterling rising against the dollar, as gold rose to Rs.3,129 per gram from 10-12 September.
    • Fears of a trade war further pressured the dollar, as investors sold off the currency and gold boosted gold prices to Rs.3,145 per gram on 13 September.
    • Prices dipped to Rs.3,134 per gram on 14 September to record a Rs.10 increase in value during the week.

    September 2018 - Week 3 (15 - 22):

    Parameters Gold price (per gram of 24 karat gold)
    September 15 Rate Rs.3,129 per gram
    September 22 Rate Rs.3,150 per gram
    Overall Weekly Performance Incline
    • In line with trends seen across other major Indian cities, gold prices in Ludhiana steadily increased over the course of the week due to favourable cues and rising demand.
    • Gold opened the week at Rs.3,129 per gram and rose the very next day to Rs.3,134 per gram as retail demand rose sharply.
    • The ongoing trade crisis between the United States and China led to global markets falling, which prompted increased interest in bullion, though prices remained steady for a few days.
    • Prices jumped tp Rs.3,145 per gram on 19 September after the imposition of fresh tariffs, with the dollar falling on falling investor confidence.
    • Gold rose to Rs.3,155 per gram on 20 September as the falling rupee made imports cheaper, resulting in a rise in industrial demand.
    • Prices fell marginally as the week ended, with the metal trading at Rs.3,150 per gram on 22 September.

    September 2018 - Week 4 (23 - 30):

    Parameters Gold price (per gram of 24 karat gold)
    September 23 Rate Rs.3,145 per gram
    September 30 Rate Rs.3,140 per gram
    Overall Weekly Performance Decline
    • In line with trends seen across other major Indian cities, gold prices in Ludhiana steadily increased over the course of the week due to favourable cues and rising demand.
    • The precious metal opened at Rs.3,145 per gram on 23 September as both industrial and retail demand was stable.
    • Renewed fears of the impact of retaliatory trade tariffs led to increased interest in gold as a safe haven asset, as gold prices rose to Rs.3,155 per gram on 26 September.
    • The falling rupee led to a drop in retail sales, as gold prices tumbled to Rs.3,113 per gram on 29 September.
    • Prices failed to recover after the Federal Reserve raised interest rates for the third time in the year, as gold ended the month at Rs.3,140 per gram on 30 September.

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

    Parameters Gold price (24 karat)
    August 1 Rate Rs.3,050 per gram
    August 31 Rate Rs.3,092 per gram
    Highest Rate in August Rs.3,092 per gram on 31 August
    Lowest Rate in August Rs.3,003 per gram on 16 August
    Overall Monthly Performance Incline
    Percentage Change 1.37%

    August 2018 - Week 1 (1 - 5):

    Parameters Gold price (per gram of 24 karat gold)
    August 1 Rate Rs.3,050 per gram
    August 5 Rate Rs.3,035 per gram
    Overall Weekly Performance Decline
    • In the first week of August, gold rates in Ludhiana were on the decline due steadily declining gold demand both domestically as well as internationally.
    • The precious metal opened the month at Rs.3,050 per gram, as local industrial demand propped prices in spite of declining overseas trends.
    • U.S. markets were volatile due to fears of a trade war with China but the dollar strengthened on strong investor sentiment, pushing demand for gold to Rs.3,019 per gram on 4 August.
    • The dollar fell marginally on lower-than-expected U.S. employment results, which boosted gold prices.
    • The week ended with gold rising to Rs.3,035 per gram on 5 August, though prices fell overall.

    August 2018 - Week 2 (6 - 12):

    Parameters Gold price (per gram of 24 karat gold)
    August 6 Rate Rs.3,035 per gram
    August 12 Rate Rs.3,050 per gram
    Overall Weekly Performance Incline
    • Gold prices in Ludhiana increased in demand during the second week of August as the dollar stabilised during this time.
    • The gold rate in Ludhiana stood at Rs.3,035 per gram on 6 August, as the dollar weakened during this period.
    • The dollar then increased to a 13 month high on 10 August which had an effect on the gold rates in Ludhiana.
    • Gold rate in Ludhiana then shot up to Rs.3,050 per gram on 12 August. During this time, European banks were exposed to Turkey, which in turn led to the strengthening of the dollar.
    • The week ended with an incline trend in Gold rates in Ludhiana. At the end of the week ending 12 August, gold rate in Ludhiana stood at Rs.3,050 per gram.

    August 2018 - Week 3 (13 - 19):

    Parameters Gold price (per gram of 24 karat gold)
    August 13 Rate Rs.3,050 per gram
    August 19 Rate Rs.3,014 per gram
    Overall Weekly Performance Decline
    • The gold price in the Ludhiana in Week 3 of August was declining as dollar rates hit a near 13-month high.
    • On 13 August, the gold price in Ludhiana stood at Rs.3,050 per gram. During the same period, the dollar value was on a rise.
    • The gold price then stabilised for a few days after which it declined marginally towards the end of the week.
    • At the end of Week 3, the gold rate in Ludhiana declined in comparison to the former part of the week. The price of the metal on 19 August stood at Rs.3,014 per gram. This was during the same period when US - China trade talks were in place.
    • Week 3 ended with the metal priced at Rs.3,014 per gram, and showed a declining trend for the week ending 19 August.

    August 2018 - Week 4 (20 - 26):

    Parameters Gold price (per gram of 24 karat gold)
    August 20 Rate Rs.3,014 per gram
    August 26 Rate Rs.3,035 per gram
    Overall Weekly Performance Incline
    • When the week began, gold in Ludhiana was recorded trading at Rs.3,014 per gram on the 20th.
    • Steady and subdued local demand amid the firm overseas trends led to gold rate in Ludhiana remaining unaltered at Rs.3,014 per gram on the 21st.
    • With the US greenback losing against a basket of other major currencies, investor demand for the metal surged. This led to gold in Ludhiana being priced at Rs.3,024 per gram and Rs.3,040 per gram on the 22nd and the 23rd respectively.
    • However, with the US dollar stabilising towards the end of the week, gold price in Ludhiana stood at Rs.3,035 per gram on the 26th as the week concluded.

    August 2018 Week 5 (27 - 31):

    Parameters Gold price (per gram of 24 karat gold)
    August 27 Rate Rs.3,035 per gram
    August 31 Rate Rs.3,092 per gram
    Overall Weekly Performance Incline
    • Gold rates in Ludhiana rose sharply towards the middle of the week, boosted by higher retail demand and favourable market conditions.
    • The precious metal traded at Rs.3,035 per gram on 27 August, with the price remaining unchanged from the previous week.
    • Prices rose sharply as demand for gold skyrocketed after the dollar fell steeply, with gold prices at Rs.3,082 per gram on 28 August.
    • Retail demand, as well as higher orders from jewellers, propped up prices as the dollar recovered, as Asian demand for bullion slowly declined.
    • There was some fluctuation in gold prices before the end of the month when they closed at Rs.3,092 per gram.

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

    Parameters Gold price (24 karat)
    July 1 Rate Rs.3,124 per gram
    July 31 Rate Rs.3,056 per gram
    Highest Rate in July Rs.3,140 per gram on 7 July
    Lowest Rate in July Rs.3,056 per gram on 18 and 31 July
    Overall Monthly Performance Decline
    Percentage Change -2.17%

    July 2018 - Week 1 (1 - 7):

    Parameters Gold price (per gram of 24 karat gold)
    July 1 Rate Rs.3,124 per gram
    July 7 Rate Rs.3,140 per gram
    Overall Weekly Performance Incline
    • Gold was trading at Rs.3,124 per gram in Ludhiana when trading commenced for the week.
    • Local demand was stable and as a result gold prices remained at Rs.3,124 per gram on the 2nd, before a rising dollar pushed rates down to Rs.3,113 per gram on the 3rd.
    • With the dollar continuing to rise, cues weakened and gold rate in Ludhiana went down to Rs.3,103 per gram on the 3rd.
    • Markets and the dollar plummeted as the trade war intensified, which pushed safe haven demand through the roof.
    • Gold rates went up to Rs.3,129 per gram on the 5th due to this, before surging to Rs.3,134 per gram on the 6th.
    • The US dollar continued to remain weak and local demand also improved, which led to gold rates rising up to Rs.3,140 per gram on the final day of the week.

    July 2018 - Week 2 (8 - 14):

    Parameters Gold price (per gram of 24 karat gold)
    July 8 Rate Rs.3,134 per gram
    July 14 Rate Rs.3,092 per gram
    Overall Weekly Performance Decline
    • In Ludhiana, the second week began with the bullion priced at Rs.3,134 per gram on the 8th following a slight drop in domestic demand amid the recovering dollar.
    • With the US greenback touching near three-week lows over the next few days, gold was recorded trading at Rs.3,134 per gram until the 11th.
    • The 12th, however, saw gold rate in Ludhiana dropping to Rs.3,119 per gram before plummeting to Rs.3,103 per gram on 13th with the US dollar index gaining against a basket of other emerging currencies, strengthening the greenback at the global level.
    • Rates dropped for the third consecutive session with the US dollar capitalising on the previous session’s gains, flatlining domestic demand for the precious metal. Gold was recorded trading at Rs.3,092 per gram on the 14th as the week came to an end.

    July 2018 - Week 3 (15 - 22):

    Parameters Gold price (per gram of 24 karat gold)
    July 15 Rate Rs.3,092 per gram
    July 22 Rate Rs.3,082 per gram
    Overall Weekly Performance Decline
    • In Ludhiana, gold was priced at Rs.3,092 per gram when the week began.The precious metal traded at Rs.3,092 per gram on the 16th and the 17th as local investors kept the sustained demand going.
    • On the 18th, gold rates dropped to Rs.3,087 per gram as the rising dollar pushed gold demand up in the local market.
    • This further dropped to Rs.3,056 per gram the next day as concerns over a possible Fed rate hike pushed gold investors further away.
    • After US President Donald Trump ridiculed the Fed rate hike policy publically, all the progress the dollar had made tumbled.
    • Gold prices went up to Rs.3,061 per gram on the 20th before continuing at this rate the next day as well.
    • On the final day of the week, gold traded at Rs.3082 per gram - a Rs.21 hike from the previous day’s rates.

    July 2018 Week 4 (22 - 31):

    Parameters Gold price (per gram of 24 karat gold)
    July 22 Rate Rs.3,082 per gram
    July 31 Rate Rs.3,056 per gram
    Overall Weekly Performance Decline
    • Demand for gold in Ludhiana was sluggish, in line with trends seen across the country. Gold opened the week priced at Rs.3,082 per gram on 22 July.
    • With the dollar continuing its rise in value, there was lower demand for safe-haven bullion from investors and reduced industrial offtake.
    • Prices fell to Rs.3,061 per gram on 25 July as overseas demand had all but fallen and retail sales were also poor.
    • Gold prices rose marginally, trading at Rs.3,077 per gram on 27 July as fears of a possible escalation between the U.S. and Iran led to renewed interest in bullion.
    • The rise in price was shortlived, as gold fell to Rs.3,056 per gram on 31 July.

    Find Today's Gold Price in Top Metro Cities

    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

    Read more on Gold

    Gold Rate - Sitemap

    News About Gold Rate In Ludhiana

    • Gold Steadies As U.S. Treasury Yields Fall

      Gold steadied close to its highest rate in close to 6 years as 10-year U.S. Treasury yields slumped again.

      Spot gold traded 0.3% lower at $1,546.25 per ounce while U.S. gold futures remained unchanged at $1,555.70 per ounce.

      The drop in benchmark U.S. Treasury yields is seen as an indicator of a slowing economy, which is driving higher investment in bullion. With no end in sight to the U.S.-China trade dispute and a weak dollar rate, safe-haven assets like gold have become more attractive to investors.

      Global stock markets rose marginally after the British parliamentary vote that could extend the Brexit deadline. Analysts also expect a 25 basis point cut in the key interest rates at the Federal Reserve meeting later this month, which would further boost bullion sales.

      4 September 2019

    • Gold Gains On Rupee Losses Against Dollar

      The rupee’s continued slide against the dollar and the escalating trade war saw gold prices shoot up in Mumbai.

      Standard gold (99.5% purity) rose by Rs.897 to trade at Rs.36,165 for 10 grams, while pure gold (99.9% purity) also rose by the same margin to trade at Rs.36,310 for 10 grams.

      The trade war between the United States and China as well as domestic economic slowdown prompted a surge in bullion interest among investors and retailers in the country. Political uncertainty over the rescinding of Article 370 in Kashmir also ramped up safe-haven bullion buying.

      Gold futures soared, with October delivery breaching a lifetime high of Rs.37,077 for 10 grams. Expectations of geopolitical tensions and the trade war intensifying resulted in gold futures gaining close to 8%.

      Central banks have also been shoring up their gold reserves, further driving up the price.

      6 August 2019

    • Gold Futures holds steady ahead of the Federal Reserve's rate cut decision

      Spot gold showed an upward trend in prices by 0.1% and was priced at $1,426.44 an ounce. Gold touched its highest price in 6 years being priced at $1,452.60 on 19 July 2019. However, U.S. gold futures were holding steady at $1,426.90 per ounce.

      A senior analyst mentioned that the price of gold will hold steady until the Federal Reserve’s meeting about the rate cuts. According to the analyst, most people think that there will be a 25-basis-point cut however, there might be a chance of a 50-basis-point cut which increases uncertainty.

      The Fed meeting will be held on July 30 - July 31 and the markets are expected to be dovish as the European Central Bank is said to meet on 24 July 2019.

      Along with this, political tensions rising in the Middle-East has offered underlying support for gold and silver as safe-haven assets.

      23 July 2019

    • Gold reaches a 6-year high as investors fuel safe-haven buying

      Gold prices reached a 6-year high as tensions between the United States and Iran increased. A fall in the dollar rate along with the tensions led to investors fuelling safe-haven buying.

      On Friday, gold prices hit $1,410.78 – the highest it has reached since September 2013.

      Also promoting gold investment was amidst bets that the U.S. central bank would start lowering interest rates sometime next month.

      According to an analyst, the China -U.S. trade conflict along with the heating up of the Iranian conflict is pushing people towards buying gold as it is a safe-haven investment.

      In this month alone, gold prices have increased by around 8%. Moreover, prices have increased by $70 just in the last week.

      Holdings of SPDR Gold Trust jumped 4.6% on Friday of last week, making this its biggest one-day percentage gain since September 2008.

      Among other precious metals, silver prices increased to $15.37 per ounce, platinum increased by 0.5% to $809.71 per ounce, and palladium increased to $1,523.28 per ounce.

      17 June 2019

    • Gold Prices Slip as Risk Sentiment Rises on Positive Economic Data

      Gold prices slipped as positive economic data from China eased investor fears of an economic slowdown and increased risk sentiment. Spot gold fell by 0.1% to $1,274.43 per ounce while U.S. gold futures fell by $0.40 to settle at $1,276.80 per ounce.

      China reported a rise of 6.4% in economic growth which increased investment in riskier assets. With investor confidence in stocks rising, demand for safe-haven bullion fell as fears of a global slowdown decreased.

      The drop in gold’s psychological $1,300 per ounce mark and slower offtake with regard to gold futures also indicated a bullion downturn. The low dollar rate prevented gold prices from slipping too steeply, but analysts are anticipating a further drop if U.S. economic data improves.

      16 April 2019

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