Gold Rate In Ludhiana

  • Today's Gold Rate in Ludhiana ( 28 May 2020 )

    ₹ 4,600
    Today's Gold Rate (22K) per gram

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

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,600 ₹ 4,600 ₹ 0 ↑
    Standard Gold (22 K) ( 8 grams ) ₹ 36,800 ₹ 36,800 ₹ 0 ↑
    Pure Gold (24 K) ( 1 gram ) ₹ 4,830 ₹ 4,830 ₹ 0 ↑
    Pure Gold (24 K) ( 8 grams ) ₹ 38,640 ₹ 38,640 ₹ 0 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    27 May 2020 ₹ 4,600 ₹ 36,800 ₹ 4,830 ₹ 38,640
    26 May 2020 ₹ 4,600 ₹ 36,800 ₹ 4,830 ₹ 38,640
    24 May 2020 ₹ 4,610 ₹ 36,880 ₹ 4,841 ₹ 38,728
    23 May 2020 ₹ 4,610 ₹ 36,880 ₹ 4,841 ₹ 38,728
    22 May 2020 ₹ 4,620 ₹ 36,960 ₹ 4,851 ₹ 38,808
    21 May 2020 ₹ 4,620 ₹ 36,960 ₹ 4,851 ₹ 38,808
    20 May 2020 ₹ 4,620 ₹ 36,960 ₹ 4,851 ₹ 38,808
    19 May 2020 ₹ 4,650 ₹ 37,200 ₹ 4,883 ₹ 39,064
    18 May 2020 ₹ 4,650 ₹ 37,200 ₹ 4,883 ₹ 39,064

    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 gold.

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

    Parameters Gold price (24 karat)
    May 1 Rate Rs.4,699 per gram
    May 16 Rate Rs.4,841 per gram
    Highest Rate in May Rs.4,841 per gram on 16 May
    Lowest Rate in May Rs.4,646 per gram on 2 May
    Overall Performance Incline

    May 2020 - Week 1 (1 - 9):

    • In Ludhiana, gold was priced at Rs.4,699 per gram at the start of the month of May. When compared to the closing price of the previous month, the rate of the gold for every gram was down by Rs.62.
    • While the rates slipped again the next day and recorded its lowest price for the month with a gram costing Rs.4,646, gold price increased to Rs.4,751 per gram on 3rd May. This was the highest recorded price of the gold for the month to date. The increase in the rate of gold was accounted to investors moving away from riskier assets following U.S. President Donald Trump’s threat of imposing new tariffs on China over the COVID – 19 crisis.
    • Over the next few days, the gold rate fluctuated in the city and closed the week at Rs.4,678 per gram. In Ludhiana, gold prices witnessed a declining trend over the first week of the month of May.

    May 2020 - Week 2 (10-16):

    • Opening the second week of the month at Rs.4,678 per gram on 10 May, gold recorded an overall incline in its prices in the city of Ludhiana. The price of the metal showed no difference compared to its previous week’s closing price and on 11 May, the metal’s price increased to Rs.4,694 per gram with lower risk appetite amongst investors with fears of a second wave of COVID-19 cases being reported all over the world.
    • The price of the metal remained steady at the same price on 12 May at Rs.4,694 per gram and increased to Rs.4,741 per gram on 13 May, increasing by Rs.47 per gram. As central banks all over the world released additional stimulus packages to support the economy, the bullion market received a boost and hence, the price of gold increased. On 14 May, the price of the yellow metal dipped marginally to Rs.4,720 per gram due to a strong dollar value in the United States of America.
    • On 15 May, the price of gold recovered its losses and increased to Rs.4,788 per gram renewed tensions between China and the United States of America. With investors having a low risk appetite and shifting to the bullion market amidst uncertainty around the trade tensions, the yellow metal hit its highest price of the week at Rs.4,841 per gram on 16 May, closing the week at an overall incline in prices.

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

    Parameters Gold price (24 karat)
    April 1 Rate Rs.4,158 per gram
    April 30 Rate Rs.4,761 per gram
    Highest Rate in April Rs.4,846 per gram on 29 April
    Lowest Rate in April Rs.4,158 per gram from 1 - 18 April
    Overall Performance Incline

    April 2020 - Week 1 (1 - 4):

    • Gold rates in Ludhiana were Rs.4,253 per gram on the first of April and there were no changes in the price of the gold as India had imposed a 21-day lockdown of the country. With the gold hitting a low in the previous month as traders resorted to cash to survive in the crisis-hit market, the rate of the gold remained the same.
    • With no trading going on in the country, gold prices in the international market, on the other hand, was showing a positive trend. The gold prices had recovered marginally compared to the third week of March with investors shifting to the bullion market amidst growing market tensions.
    • As investors waited on the job data from the United States of America, the gold rate increased marginally. However, with the rising value of the dollar in the international market, gold prices were set to drop. But with poor job data being released by the U.S., the losses of the metal were limited. At the end of the month, gold closed at Rs.4,253 per gram on 4 April.

    April 2020 - Week 2 (5 -11):

    • The yellow metal opened the second week of April at Rs.4,253 per gram. There was no change in the rates of the yellow metal when compared to the losing price of the previous week.
    • Even though the rates of the yellow metal saw some changes in the international market, the rates of gold saw no change in the city over the week.
    • The metal closed the week at Rs.4,253 per gram in Ludhiana with no decline or incline in the prices.

    April 2020 - Week 3 (12 - 18):

    • In Ludhiana, the precious metal opened the third week of April at Rs.4,253 per gram. Since the beginning of the month, with the whole country on lockdown, there were no changes in the rates of the yellow metal.
    • There were constant changes in the price of gold in the international market due to various factors. With investors speculating a recession, the price of the metal increased due to safe-haven demand. However, with the yellow metal seeing some changes in the international market, the rates of gold were steady throughout the week.
    • At the end of the week, on 18 April, the metal closed at Rs.4,253 per gram in Ludhiana with no decline or incline in the prices.

    April 2020 - Week 4 (19 - 25):

    • In Ludhiana, gold opened the fourth week of April at Rs.4,253 per gram. There was no change in the rates of the yellow metal when compared to the closing price of the previous week.
    • The rates climbed after staying constant for the next day. The increase in the prices was due to dwindling share markets as the rates of U.S. crude oil plunged. The increase in the prices meant that gold recorded its highest price for the month of April till date on 21st April with a gram cost Rs.4,792.
    • With investors booking profits from sharp gains in the previous session, the rates of the precious metal slipped to Rs.4,727 per gram on 23rd April in the city. The rates recovered over the last two days of the week and closed at Rs.4,746 per gram with the overall performance showing an incline in the prices.

    April 2020 - Week 5 (26 - 30):

    • Gold prices in Ludhiana were at Rs.4,757 per gram on 26 April and remained steady on 27 April at the same price. The metal’s price fluctuated during the week recording a minor dip in prices and major inclines. This was a result of the global factors at play and the international bullion prices.
    • The price of the metal remained steady at Rs.4,757 per gram on 28 April and increased to hit its highest price of the month at Rs.4,846 per gram on 29 April. The rise in prices was due to the stimulus packages being launched by the central banks. The price of the metal dipped at the end of the month and closed at Rs.4,761 per gram, recording an overall incline for the month of April.

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

    Parameters Gold price (24 karat)
    March 1 Rate Rs.4,274 per gram
    March 31 Rate Rs.4,253 per gram
    Highest Rate in March Rs.4,536 per gram on 7 March
    Lowest Rate in March Rs.4,111 per gram on 20 March
    Overall Performance Decline

    March 2020 - Week 1 (01 - 07):

    • In the first week of March, gold prices opened at Rs.4,169 per gram in Ludhiana. The price of the gold was the same on 2 March as well with a muted local demand along with investors awaiting the decision of the Federal Reserve on a possible rate cut to help stabilise the economy hit by the Coronavirus. The gold price on 3 March, increased marginally by Rs.10 to Rs.4,284 per gram.
    • However, on 4 March, the gold showed a substantial gain in prices in the state at Rs.4,305 per gram. This was majorly due to investors shifting to the bullion market amidst increased safe-haven demand along with the decision by the United States Federal Reserve to cut down the interest rates. The positive trend of the gold prices in the global market continued and increased further on 5 March to Rs.4,452 per gram.
    • After decreasing marginally on 6 March to Rs.4,436 per gram due to a dip in local demand, the metal hit its highest price in the week and the month till date at Rs.4,536 per gram. The price of gold was the highest in 7 years. At the end of the week, gold closed the first week of the month at Rs.4,536 per gram.

    March 2020 - Week 2 (8 - 14):

    • In Ludhiana, gold opened the second week of March at Rs.4,510 per gram. Compared to the previous week’s closing price, the rates of the yellow metal were down by Rs.26 for every gram in the city.
    • Gold prices slipped over the week due to a variety of factors. A gram of the yellow metal cost Rs.4,499 on 11 March as risk sentiment improved and the dollar firmed on expected global support measures to soften the economic impact from the coronavirus.
    • The rates closed the week at Rs.4,237 per gram, the lowest recorded price for the precious metal in the month till date. Gold’s overall performance in Ludhiana showed a declining trend in the prices.

    March 2020 - Week 3 (15 - 21):

    • The gold rate in Ludhiana was priced at Rs.4,237 per gram at the beginning of the third week of the month on 15 March. The price of the gold showed an overall declining trend in prices with investors shifting to cash amidst the growing tensions in the economy due to the effect of Coronavirus. Gold prices were steady on 16 March at Rs.4,237 per gram, however, increasing marginally by Rs.10 to Rs.4,247 per gram on 17 March with the United States Federal Reserve cutting down repo rates to help the economy.
    • The gold rate dipped substantially on 18 March to be priced at Rs.4,153 per gram with investors hoarding for cash in a panic-stricken market with governments going on lockdown and cash being crucial for survival. Due to the heavy selling of gold, the gold price dipped. However, on 19 March, the gold rate increased to Rs.4,226 per gram as the European Central Bank announced adequate measures to be taken to help the economy.
    • Even though the ECB announced measures which resulted in buying of the metal, on 20 March the price of the gold closed at the monthly and weekly low till date at Rs.4,111 per gram. Investors and traders took to heavy liquidating of assets for urgent cash to survive the market. On 21 March, the gold rate increased due to a sudden rise in safe-haven appeal of the gold, closing the week at Rs.4,190 per gram.

    March 2020 - Week 4 (22 - 31):

    • In Ludhiana, the rate of the precious metal was priced at Rs.4,253 per gram at the start of the fourth week of March. There was no change in the prices when compared to the closing price of the previous week.
    • The rates of the yellow metal didn’t see any change over the week in the city after opening the week with a decent increase. The rates remained stagnant even though the rates of the precious metal did fluctuate in the global market as investors liquidated their positions in the safe-haven metal despite stimulus measures being announced by global central banks in a bid to combat the economic damage caused by the coronavirus pandemic.
    • The 24-karat gold closed the last week of March at Rs.4,253 per gram in Ludhiana. The rates remaining unchanged in the city was accounted to the 21-day lockdown imposed across the country by the government in a bid to contain the spread of the deadly virus that has so far claimed thousands of lives. The overall performance of the precious metal witnessed a declining trend in the city.

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

    Parameters Gold price (24 karat)
    1st February Rate Rs.4,169 per gram
    29th February Rate Rs.4,368 per gram
    Highest Rate in February Rs.4,394 per gram on 25 and 26 February
    Lowest Rate in February Rs.4,116 per gram on 7 February
    Overall Performance Incline

    February 2020- Week 1 (1 - 9):

    • In the first week of February, the price of gold was on its way to hit its highest price in 5 months in the country, including in Ludhiana. However, with various measures taken by China to stabilise its economy, gold prices saw an overall declining trend in the week. The metal opened at Rs.4,169 per gram and held steady for 3 days until 3 February.
    • Gold prices were at its highest on 4 February at Rs.4,195 per gram and then dipped drastically to Rs.4,158 per gram on 5 February. This was when China introduced extended liquidity into its economy in an attempt to neutralise the damage done by the virus. This, in turn, prompted investors to shift back to the stock market. Due to an increased risk appetite amongst investors, the metal’s prices dipped.
    • On 7 February, the price of the metal hit its lowest price of the week at Rs.4,116 per gram. However, this measure did not last for long as the death toll along with the number of people affected by the virus kept increasing. Investors started investing in the bullion yet again, thus increasing demand. On 9 February, the price of the metal was Rs.4,148 per gram.

    February 2020 - Week 2 (10 - 16):

    • In Ludhiana, gold prices stood at Rs.4,148 per gram on 10 February. The rates shot up the next day before dropping considerably for a couple of days as the risk appetite improved and there was a fall of new coronavirus cases in China.
    • The rates of the yellow metal improved in the city over the week as investors bet on the safe-haven metal to hedge against the economic impact due to the outbreak of coronavirus in China.
    • Gold closed the second week of February at Rs.4,211 per gram, the highest recorded price for the month till date. The overall performance of the yellow metal in the city showed an incline in the prices.

    February 2020 - Week 3 (17 - 23):

    • In the third week of February, gold prices in October opened at Rs.4,211 per gram with no changes in prices when compared to the previous session’s closing price. However, the price of the metal dipped on 18 February to Rs.4,195 per gram due to higher risk appetite amongst investors as China took measures to liquidate funds and support their economy.
    • However, those measures were short-lived with the effect of the Coronavirus escalating and affecting people not in China but other countries such as Italy and South Korea as well. The price of the metal held steady till 19 February at Rs.4,195 per gram. On 20 February, gold prices increased to Rs.4,237 per gram with investors shifting back to the bullion market.
    • With high risk in the stock markets due to the effect of the virus on the global economy, investors shifted back to the bullion market resulting in the rise in gold prices. The metal hit the Rs.4,300 per gram mark on 20 February and increased further to Rs.4,368 per gram on 23 February. This clubbed with a steady local demand led to the metal closing the week at the same price.

    February 2020 - Week 4 (24 to 29):

    • In the fourth week of February, gold prices opened at Rs.4,368 per gram. There was no change in the prices when compared to the previous week’s closing price.
    • Gold hit the highest price for the month on 25 February with every gram costing Rs.4,394 in the city. The jump in the prices was accounted to the U.S. dollar edging higher as the rapid spread of the virus beyond China drove fears of a pandemic and weighed on Asian currencies and global equities.
    • The rates of the yellow metal closed the final week of the month at Rs.4,368 per gram. The closing price was the same as the opening price of the week with the overall performance of gold showing an incline in the prices in Ludhiana.

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

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

    January 2019- Week 1 (01 - 05):

    • In Ludhiana, the price of gold opened the month at Rs.3,995 per gram on 1 January. Due to various geopolitical factors, the metal saw an inclining trend in prices through the week. On 2 January, the price of the metal increased to Rs.4,011 per gram.
    • However, on 3 January, gold prices had marginally decreased to Rs.4,001 per gram, however not before increased to Rs.4,069 per gram on 4 January. The rise in gold prices was majorly due to an increase in the demand as investors shifted from the stock market to the bullion as a safe haven.
    • On 5 January, gold was priced at Rs.4,111 per gram almost touching its 7-year high price due to the increasing tensions between the United States of America and Iran.

    January 2019- Week 2(06 - 12):

    • In Ludhiana, the price of gold opened the second week of January at Rs.4,111 per gram on 6 January. Due to the ongoing tensions between the United States of America and Iran, the metal saw a fluctuating trend in prices through the week. On 7 January, the price of the metal increased to Rs.4,179 per gram.
    • However, amidst a changing global trend, on 9 January, gold prices had hit its weekly high at Rs.4,211 per gram despite a positive stock market trend. However, the price of the metal decreased soon after President Trump announced that the United States will not retaliate against Iran.
    • Due to this, risk appetite increased amongst investors as the dollar showed a rise in its value against other currencies. As the shift occurred from the bullion market to stocks, the price of the metal declined. The metal closed the week at a price of Rs.4,095 per gram.

    January 2019- Week 3(13 - 19):

    • Opening the third week of the month at Rs.4,095 per gram, gold prices in Ludhiana remained steady with minor fluctuations. On 14 January, the price of the metal dipped from Rs.4,095 per gram to Rs.4,074 per gram as investors were focused on the market ahead of the trade deal being signed by the United States of America and China.
    • On 15 January, the price of gold dipped further to Rs.4,037 as traders with an increased risk appetite diverted their investments to the stock market as the trade deal was signed by the two countries. On 16 January, gold prices recovered due to uncertainties on the unresolved issues in the trade deal.
    • With tensions in the Middle East rising after an attack in Yemen was responsible for the death of more than 100 soldiers, investors shifted to the bullion as a safe haven asset. The price of gold had increased to Rs.4,074 per gram and remained the same until the end of the week.

    January 2020- Week 4 (20 - 26):

    • Gold opened the fourth week of January at Rs.4,074 per gram in Ludhiana. There was no change in the rates of the yellow metal when compared to the previous week’s closing price.
    • The rates of the yellow metal climbed over the next two days of the week with investors seeking refuge in the safe-haven metal rates amid growing concerns regarding tensions in the Middle East and the outbreak of coronavirus in China. As of 22 January, gold was retailed for Rs.4,116 per gram in the city.
    • In Ludhiana, gold prices slipped to Rs.4,079 per gram the next day as the dollar firmed and investors assessed the risk of the deadly virus becoming a global epidemic. Over the remaining days of the week, gold prices increased gradually and ended the week at Rs.4,142 per gram.

    January 2020- Week 5 (27 - 31):

    • With the Coronavirus affecting more than China, in Ludhiana, the price of the metal in the last week of January showed an inclining trend. Investors shifted to the bullion for its safe-haven appeal and awaited developments on the rate cuts by the United States Federal Reserve. The metal opened the last week in Pune at Rs.4,142 per gram.
    • The price of the metal increased on 28 January to Rs.4,158 per gram as fears of the virus increased as the number of cases and deaths increased globally. However, on 29 January, the price of the metal showed a marginal decline to Rs.4,153 per gram and further dipped to hit its lowest on 30 January.
    • With the investors taking stock of how the virus might affect the markets, the price of the metal dipped with a rise in the dollar value. The price of the metal dipped to Rs.4,116 per gram on 30 January. However, with the WHO declaring a World Health Emergency, investor fears increased resulting in gold closing the month at Rs.4,169 per gram.

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

    Parameters Gold price (24 karat)
    December 1 Rate Rs.3,906 per gram
    December 29 Rate Rs.3,901 per gram
    Highest Rate in December Rs.3,927 per gram on 5 December
    Lowest Rate in December Rs.3,848 per gram on 14 December
    Overall Performance Decline

    December 2019- Week 1 (1 - 8):

    • In Ludhiana, gold prices opened week at Rs.3,906 per gram. There was an increase of Rs.37 per gram when compared to the previous week’s closing price.
    • The rates of gold climbed to Rs.3,927 per gram on December 5 after the US president stated that talks regarding the trade deal with Beijing was going in the right direction.
    • Gold price closed the opening week of December at Rs.3,875 per gram. This was the lowest recorded price of the yellow metal till date. Gold’s overall performance in the city was trending downwards.

    December 2019- Week 2 (9 - 15):

    • Gold opened the second week of December at Rs.3,875 per gram in Ludhiana. The rates of the yellow metal were similar to the previous week’s closing price.
    • The rates of gold slipped over the next three days with investors adopting to await clarity on the next round of US tariffs on Chinese imports. Gold prices dropped to Rs.3,854 per gram on December 12.
    • In Ludhiana, gold closed the second week of December at Rs.3,885 per gram. Over the week, the yellow metal witnessed a declining trend in the city.

    December 2019- Week 3 (16 – 22):

    • Gold opened the third week of December at Rs.3,885 per gram in Ludhiana. The opening rate of the metal in the third week of the month had not changed to the previous week’s closing rate. This was majorly due to steady demand overseas and investors awaiting developments on the trade deal.
    • The price of the metal increased to Rs.3,896 per gram on 19 December as the United States House of Representatives voted to impeach President Trump on charges of obstruction and abuse of power.
    • Investors shifted to the bullion to safeguard their assets since gold is a safe haven asset. The price of the metal increased to Rs.3,901 per gram on 20 December and closed at the same rate.

    December 2019- Week 4 (23 - 29):

    • Gold opened the third week of December at Rs.3,885 per gram in Ludhiana. The opening rate of the metal in the third week of the month had not changed to the previous week’s closing rate. This was majorly due to steady demand overseas and investors awaiting developments on the trade deal.
    • The price of the metal increased to Rs.3,896 per gram on 19 December as the United States House of Representatives voted to impeach President Trump on charges of obstruction and abuse of power.
    • Investors shifted to the bullion to safeguard their assets since gold is a safe haven asset. The price of the metal increased to Rs.3,901 per gram on 20 December and closed at the same rate.

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

    Parameters Gold price (24 karat)
    November 1 Rate Rs.3,938 per gram
    November 30 Rate Rs.3,869 per gram
    Highest Rate in November Rs.3,974 per gram on 3 and 4 November
    Lowest Rate in November Rs.3,869 per gram on 29 and 30 November
    Overall Performance Decline

    November 2019- Week 1 (01-03):

    • Opening the month at Rs.3,939 per gram, gold prices in Ludhiana remained steady on 1 November and 2 November as well amidst trade talk speculations and interest rate cuts by the United States Federal Reserve.
    • However, on 3 November, the price of the precious metal increased to Rs.3,974 per gram due to increased local demand and renewed speculations around the trade talks between the United States of America and China.

    November 2019- Week 2 (04-08):

    • On 4 November, the price of gold in Ludhiana was Rs.3,974 per gram being steady from the previous week’s closing rate as the markets recovered from the interest rate cut by the United States Federal Reserve.
    • However, due to positive cues from the trade talks, the value of the dollar increased in the market. This resulted in investors shifting from the bullion to the market, leaving a dent in the bullion demand.
    • On 6 November, the price of the metal was RS.3,964 per gram but plummeted to Rs.3,922 per gram on 7 November due to mutual agreement between the United States of America and China on the tariff rollbacks.

    November 2019- Week 3 (09-17):

    • In Ludhiana, gold opened the third week of November at Rs.3,896 per gram. Compared to the previous day’s price the rates witnessed a drop of Rs.26 per gram.
    • In the following days, the prices of the precious metal dropped in the city due to positive developments in the trade talks between the United States and China.
    • Gold prices slumped to Rs.3,885 per gram on 12 November after an upbeat risk appetite from investors was seen due to the positive developments in the trade talks.
    • The rates closed the week at Rs.3,906 per gram after recovering marginally as investors shifted to the bullion as a safe-haven asset.

    November 2019- Week 4 (18 - 24):

    • In Ludhiana, gold opened the fourth week of November at Rs.3,906 per gram. The price of the metal was steady compared to the previous week’s closing price as investors waited on cues on the trade deal between China and the United States of America.
    • In the following days, the price of the precious metal surged in the city due to President’s trump’s impeachment inquiry. The price of the metal on 20 November was Rs.3,922 per gram.
    • On 21 November and 22 November, Gold prices dipped marginally to Rs.3,917 per gram an upbeat risk appetite from investors when China invited U.S. officials for a face-to-face meeting regarding the trade deal.
    • The rates closed the week at Rs.3,901 per gram after dipped yet again as due to positive U.S. jobs data, the value of the dollar increased resulting in investors shifting back to the market.

    November 2019- Week 5 (25 - 30):

    • In Ludhiana, gold prices opened week at Rs.3,901 per gram. There was no change in the prices of the metal when compared to the previous week’s closing price.
    • The rates of gold witnessed a declining trend over the week due to concerns regarding the trade deal between the United States and China, ongoing protests in Hong Kong etc. With traders choosing to wait for further updates on the trade deal, the rates of the yellow metal slipped to the lowest for the month on the penultimate day of the month with every gram costing Rs.3,869.
    • Gold prices in Ludhiana closed the final week of November at Rs.3,869 per gram. The overall performance of the metal over the week was trending downwards.

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

    Parameters Gold price (24 karat)
    Rate on 1st October Rs.3,864 per gram
    Rate on 31st October Rs.3,927 per gram
    Highest Rate in October Rs.3,953 per gram on 28 and 29 October
    Lowest Rate in October Rs.3,801 per gram on 2 October
    Overall Performance Incline

    October 2019- Week 1 (1-6):

    • After opening unchanged at Rs.3,864 per gram, gold prices in Ludhiana rose on weak equity movement and rising economic uncertainty.
    • A brief drop to Rs.3,801 per gram on 2 October due to plunging retail demand was offset by positive overseas cues, which saw the precious metal surge to Rs.3,864 per gram on 3 October.
    • Renewed uncertainty over escalating tensions with Iran and the upcoming U.S.-China trade talks weakened equity markets, and investor preference for gold bolstered prices to Rs.3,911 per gram on 6 October.

    October 2019- Week 2 (7-13):

    • Opening the month at Rs.3,864 per gram, gold prices increased compared to previous closing prices due to the global economic slowdown. Gold prices in the second week of the month was Rs.3,911 per gram on 7 October.
    • After hitting the weekly high at Rs.3,932 per gram as investors waited on certainty from the trade talks and Brexit fears, gold prices slipped.
    • The price of the precious metal on 13 October was Rs.3,906 per gram as worries about Brexit and trade wars between the United States of America and China eased.

    October 2019- Week 3 (14-20):

    • In the third week of October, the price of gold opened at Rs.3,906 per gram and remained steady until 15 October 2019. The steady prices of the metal were majorly due to the reduced optimism surrounding the trade talks between the U.S. and China and ahead of the Brexit talks.
    • On 16 October, gold prices hit its weekly high at Rs.3,938 per gram and were steady till 18 October 2019 due to global growth concerns by investors as well as Brexit fears.
    • However, the price of the precious metal decreased marginally to Rs.3,932 per gram on 20 October as the United States dollar gained against other currencies and concerns over the trade war eased.

    October 2019- Week 4 (21-27):

    • In Ludhiana, gold opened at a steady price of Rs.3,932 per gram and dipped to Rs.3,927 per gram as investors awaited on a decision ahead of the Brexit meeting. The price of the metal decreased further on 23 October to Rs.3,911 per gram due to positive cues on the trade talks.
    • On 24 October, gold prices increased marginally to Rs.3,927 per gram and held steady on 25 October as well due to investors awaiting further clarity on Brexit ahead of the meeting between Great Britain and the European Union.
    • As the United States Federal Reserve hinted another rate cut due to weak economic data, the price of the gold surged to Rs.3,953 per gram on 26 October and closed the week at the same price as investors shifted to the bullion, increasing demand.

    October 2019- Week 5 (28-31):

    • Gold prices in Ludhiana opened the last week of the month at Rs.3,953 per gram and held steady on 29 October as well due to renewed optimism on the trade talks. Due to this, the value of the United States dollar went up against other currencies.
    • On 30 October, the price of gold plummeted to Rs.3,917 per gram as investors, even though optimism on trade talks faded, focused on the much-awaited decision by the United States Federal Reserve on the rate cuts.
    • After gold hit new lows in the last week, after a 1% rate cut announced by the Federal Reserve, gold prices increased by Rs.10 in Ludhiana and was priced at Rs.3,927 per gram, closing the week and month at the same.

    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.3,581 per gram
    September 30 Rate Rs.3,959 per gram
    Highest Rate in September Rs.4,011 per gram on 27 September
    Lowest Rate in September Rs.3,554 per gram on 2 September
    Overall Performance Incline
    Percentage Change 10.55%

    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.

    September 2019- Week 3 (16-22):

    • Gold prices in Ludhiana opened the week steady at Rs.3,843 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 18 September.
    • Jewellers also reduced orders due to conflicting cues and declining footfalls, as prices slumped to Rs.3,880 per gram on 20 September before closing the week at Rs.3,875 per gram on 22 September.

    September 2019- Week 4 (23-30):

    • 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 September.
    • A surge in jeweller demand and a weak rupee propelled prices to Rs.4,011 per gram on 27 September but a recovery in the dollar saw the yellow metal trade lower at Rs.3,990 per gram on 29 September.
    • 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 30 September.

    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

    • Yellow metal rates dip by Rs.1,500 per 10 gram

      On Thursday, after gold futures on the MCX had touched a new high of Rs.47,327 per 10 gram, the rates had dipped by 3.3% (Rs.1,573) per gram and on this day, the metal stood at Rs.45,685 per gram. On Friday, the metal prices had fallen by 2% to below $1,700 per ounce in the international markets. This was driven by investors drawing comfort from the U.S. President, Donald Trump announcing plans to re-open the nation’s economy in a three-fold method. The prices of the white metal, silver on the MCX had come to an end at Rs.42,667 per kg (a fall of 3.59% as compared to the previous day's rates).

      A lot of investors had booked profits post the rally in gold rates. The metal had been taking a lot of pressure amidst the profit-taking after the rally and had improved the risk sentiment. The demand for physical gold in a lot of corners of the world had been in the doldrums as the restrictions led by the coronavirus had stalled kinds of business activities. India is the world's second-biggest bullion consumer, and in this country, the lockdown had suspended all spot market trading as domestic futures prices had skyrocketed. Hareesh V, Head Commodity Research at Geojit Financial Services had said that muted physical activities will limit all gains in this commodity.

      20 April 2020

    • HDFC Securities announces spot gold markets to be shut

      HDFC Securities had announced that the spot gold markets in India will be closed because of the nationwide lockdown which was announced as an attempt to avoid the spread of the coronavirus.

      The nation is now going through 21 days of lockdown that had been announced on Tuesday. In the global market, gold had been trading at $1,605 per ounce and the white metal had been trading at $14.32 per ounce. On Thursday, gold rates had been very weak, and spot international gold prices had been trading at around $1,605 per ounce.

      27 March 2020

    • Prices of gold increase by Rs.1,800 for 10 grams in 2 days

      The prices of gold increased in India on 4 March 2020 after reversing early losses. In the previous session, gold prices posted strong gains as well. The prices of gold have increased after the US Fed reduced the interest rates.

      Gold futures prices on MCX increased by 0.5% and is at Rs.43,687 for 10 grams. In the previous session, the prices of gold increased by 3.5% or Rs.1,544 for 10 grams. High global rates and a weaker rupee increased the prices of gold in the Indian markets. Gold prices in the Indian market include 3% GST and 12.5% import duty. The value of the rupee weakened against the dollar today and is at Rs.73.50. Earlier this month, the prices of gold hit record highs and touched Rs.43,788 for 10 grams. In the international markets, the prices of gold continued to increase after a sharp increase in the previous session. Spot gold prices increased by 0.3% and touched $1,643.76 for an ounce. The recent rate cut by the US Fed is the first since 2008 where the interest rates were reduced outside a regularly scheduled policy meeting. According to the Head of Commodity at Geojit Financial Services, Hareesh V, the prices of gold may increase further due to the concerns of the slowdown in the economy. He further added that the demand for gold could increase because of the coronavirus spreading outside China.

      4 March 2020

    • Decline in gold and silver prices for the second successive day

      There was a decline in gold prices yesterday due to muted international cues. So far as the MCX was concerned, April gold futures declined to Rs.40,362 per 10 grams, marking a fall of 0.12%, making it the second day of decline in succession. Similar to gold, the price of silver also fell in the country as futures on MCX fell to Rs.45,625 per kilogram. During the previous session, the yellow metal had fallen by around Rs.250 per 10 grams. The price of silver at the same time, fell by almost Rs.500 per kilogram. Gold is expected to face selling pressure, according to SMC Global. The price of the yellow metal could fall to Rs.40,200 and the price of silver could fall to around Rs.45,500, according to the brokerage. Global markets saw the flattening of gold prices despite the fact that the uncertainty around the coronavirus supported the yellow metal. According to the managing director and chairman of Abans Group, Abhishek Bansal, while concerns regarding coronavirus remain, the US’ economic data was positive, thereby supporting risk assets such as equities.

      12 February 2020

    • Gold prices hit new highs due to the tensions between Iran and the US

      Gold futures prices for the month of February in India hit new highs of above Rs.41,000 on 6 January 2020. The prices of gold increased due to the tensions between Iran and the US.

      According to a report made by Reuters, the prices of gold reached its highest in nearly seven years due to the tensions in the Middle East. Spot gold prices increased by 1.4% and hit $1,573.14 for an ounce. Gold futures prices for the month of February increased by Rs.955 and hit Rs.41,067 for 10 grams. After the US airstrike in Baghdad, the prices of gold increased by around 2%. According to the Director of IndiaNivesh Commodities, the bullion prices continue to be supported as Iran is hinting at retaliating on the US. The domestic markets saw an increase in prices due to a weaker rupee. Manoj Kumar further added that every dip in prices is an opportunity to avoid selling and buying the precious metal. The prices of gold are expected to remain firm until the tensions between the two countries continue.

      7 January 2020

    • Prices of gold increase on 16 December 2019 due to a weak rupee

      After the trade deal was struck between China and the US, the prices of gold increased by Rs.207 on 16 December 2019 and hit Rs.38,034 for 10 grams. Another reason for the increase in prices was a weak rupee.

      In Mumbai, the prices for 10 grams of 22-carat gold, 24-carat gold, and 18-carat gold were at Rs.34,839, Rs.38,034, and Rs.28,525 plus GST, respectively. The intraday high and low in the gold futures market were at Rs.37,943 and Rs.37,725, respectively. Gold futures prices for February ranged between Rs.36,098 and Rs.40,806. Gold futures prices for February increased by Rs.111 and was trading at Rs.37,884 for 10 grams. Gold futures prices for April increased by Rs.176 and was trading at Rs.37,982 for 10 grams. Gold Mini contracts for January increased by Rs.82 and hit Rs.37,864 for 10 grams. According to Axis Securities, clients can sell February gold at Rs.37,900 for 10 grams. According to Motilal Oswal, the support for gold ranges between Rs.37,740 and Rs.37,630, while the resistance ranges between Rs.38,000 and Rs.38,130. Spot gold prices in the international market had key support at $1,465, while the resistance was at $1,490.

      18 December 2019

    • Prices of gold reduce to a three-month low on 11 November 2019

      On 11 November 2019, prices of gold decreased to a low of more than months due to upbeat risk sentiment. Investors are also eagerly waiting for updates on the trade deal between China and the US.

      Prices of spot gold reduced by 0.1% and hit $1,456.98 for an ounce. The prices are the lowest since 5 August 2019. Gold futures prices in the US reduced by 0.4% and hit $1,457.10 for an ounce. US stocks saw an increase on 11 November 2019 after hitting record highs the previous week. However, investors are remaining cautious about the trade deal between China and the US after Donald Trump said Beijing wanted the deal more than him. The President further added that no deal was agreed on removing tariffs that were levied on China. Prices of gold reduced by 3.6% last week after the optimism of a trade deal between the US and China. Last week’s decline is the biggest weekly fall in the last three years. According to a senior analyst in Kitco Metals, Jim Wyckoff, gold prices are dependent on the next fundamental development. He further added that the bullion could be boosted in case there is a decline in the stock market.

      12 November 2019

    • Freecharge partners with SafeGold to launch Digital Gold offering

      Digital platform Freecharge has collaborated with SafeGold to launch a digital gold offering which will allow customers to purchase gold online by the elimination of hassles associated with the security, transparency, and storage of gold. Apart from this, the service will also enable customers to determine they wish to invest, for an amount as less as Re.1. Customers can also sell the gold-holding only at any time as active buyers of gold are always there. Once sold, customers can get the amount transferred to their bank accounts. The CEO of Freecharge was quoted saying, ‘The onset of this festive season gives us the perfect opportunity to launch our digital gold offering. This partnership with SafeGold is another step towards augmenting customer experience. Simplifying features like instant online delivery, 24/7 access to transparent dynamic prices and minimal cost of investment, to begin with, we want to enable customers to buy, sell and store pure gold at the click of a button.’ SafeGold is a digital gold platform that connects financial platforms, consumers, jewellers, and banks to make gold more productive and functional.

      24 October 2019

    • Gold prices fall as widening trade war tensions ease

      Gold prices fell down as tensions related to trade war between U.S. and China eased which helped in the dollar getting a boost.

      The prices of spot gold fell down 0.2% at $1,494.30 per ounce, as of 0104 GMT while the U.S. gold features were 0.2% lower at $1,503.3 per ounce.

      The U.S. government led by Donald Trump plans to delist Chinese companies from the U.S. stock exchanges which would escalate the growing trade tensions between the two countries.

      SPDR Gold Trust which is the world’s largest gold-backed exchange-traded fund saw its holding drop 0.22% to 922.88 tons on Friday.

      3 October 2019

    • Gold Trades Flat But Could Rise On Weak Rupee

      Gold prices opened flat on 20th September, 2019 after the U.S. Federal Reserve appeared non-committal on further interest rate cuts.

      Gold weakened for the fourth straight day in India, trading at Rs.37,700 for 10 grams on the spot market. Gold futures for October traded 0.07% lower at Rs.37,658 for 10 grams.

      Following the interest rate cut by 25 basis points by the Federal Reserve, the dollar index dropped marginally on profit taking. This supported bullion prices overseas, though local rates did not see much traction.

      Geopolitical tensions between Saudi Arabia and Iran could weaken the rupee further, which could support gold and silver prices in the domestic market.

      20 September 2019

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