Gold Rate In Maharashtra

  • Today's Gold Rate in Maharashtra ( 16 Jan 2021 )

    ₹ 4,846
    Today's Gold Rate (22K) per gram

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

    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,846 ₹ 4,842 ₹ 4 ↑
    Standard Gold (22 K) ( 8 grams ) ₹ 38,768 ₹ 38,736 ₹ 32 ↑
    Pure Gold (24 K) ( 1 gram ) ₹ 4,946 ₹ 4,942 ₹ 4 ↑
    Pure Gold (24 K) ( 8 grams ) ₹ 39,568 ₹ 39,536 ₹ 32 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    16 Jan 2021 ₹ 4,846 ₹ 38,768 ₹ 4,946 ₹ 39,568
    15 Jan 2021 ₹ 4,842 ₹ 38,736 ₹ 4,942 ₹ 39,536
    14 Jan 2021 ₹ 4,845 ₹ 38,760 ₹ 4,945 ₹ 39,560
    13 Jan 2021 ₹ 4,859 ₹ 38,872 ₹ 4,959 ₹ 39,672
    12 Jan 2021 ₹ 4,830 ₹ 38,640 ₹ 4,930 ₹ 39,440
    11 Jan 2021 ₹ 4,845 ₹ 38,760 ₹ 4,945 ₹ 39,560
    10 Jan 2021 ₹ 4,847 ₹ 38,776 ₹ 4,947 ₹ 39,576
    09 Jan 2021 ₹ 4,983 ₹ 39,864 ₹ 5,038 ₹ 40,304
    08 Jan 2021 ₹ 5,006 ₹ 40,048 ₹ 5,106 ₹ 40,848
    07 Jan 2021 ₹ 5,036 ₹ 40,288 ₹ 5,136 ₹ 41,088

    Weekly & Monthly Graph of Gold Rate in Maharashtra

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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 Maharashtra

    Maharashtra is one of the most prosperous states in India. The state, which includes cosmopolitan cities such as Mumbai and Pune, boasts of one of the largest demands of gold in the country. Gold rates in Maharashtra for different variants such as bullions and bars reflect the gold rates persisting worldwide. Mumbai, with its location in the western coast of India, has made it an ideal location for imports of gold, which form a significant portion of overall supply of the yellow metal in the country.

    Gold is primarily traded in the form of jewellery in Maharashtra, with the rural population accounting for a substantial portion of gold purchases. Jalgaon in Maharashtra is also known as the ‘Golden City’ owing to its quality gold jewellery, which is sold far and wide. Gold rate in Maharashtra is related to gold rates in other parts of the countries, albeit with slight differences.

    Gold Rate Trend in Maharashtra for July 2020 to September 2020 (per gram of 24 karat gold)

    Factor July August September
    1st Day Rs.4,836 per gram Rs.5,291 per gram Rs.5,250 per gram
    Last Day Rs.5,211 per gram Rs.5,147 per gram Rs.5,001 per gram
    Highest Price Rs.5,241 per gram on 30 July Rs.5,541 per gram on 8 August Rs.5,276 per gram on 2 September
    Lowest Price Rs.4,746 per gram on 5 July Rs.5,136 per gram on 26 August and 28 August Rs.4,926 per gram on 29 September
    Trend Incline Decline Decline
    Change 7.75% -2.72% -4.74%

    Quarterly Gold Rate in Maharashtra from July 2020 to September 2020:

    • In July, gold prices increased by 7.75% over the course of the month in Maharashtra. The prices of gold opened the month at Rs.4,836 per gram and closed at Rs.5,211 per gram, respectively. The lowest and highest rates that the yellow metal hit for the month were Rs.4,746 and Rs.5,241 for a gram, respectively. The coronavirus outbreak was the main reason for the prices to increase.
    • Gold prices in Maharashtra for the month of August opened and closed at Rs.5,291 per gram and Rs.5,147 per gram, respectively. The prices of yellow metal fell by 2.72% over the course of the month. Gold hit its lowest rate towards the end of the month and was at Rs.5,136 per gram.
    • On 1 September 2020, the price of gold in the state was at Rs.5,250 per gram. However, by the end of the month, the prices of gold fell by 4.74% and closed at Rs.5,001 for a gram.

    Gold Rate Trend in Maharashtra for April 2020 to June 2020 (per gram of 24 karat gold)

    Factor April May June
    First Day Rs.4,158 per gram Rs.4,641 per gram Rs.4,702 per gram
    Last Day Rs.4,635 per gram Rs.4,699 per gram Rs.4,831 per gram
    Highest Price Rs.4,785 per gram on 27 April 2020 Rs.4,757 per gram on 20 May 2020 Rs.4,841 per gram on 25 June 2020
    Lowest Price Rs.4,158 per gram from 1 April to 5 April 2020 Rs.4,534 per gram on 12 May 2020 Rs.4,564 per gram on 8 June 2020
    Trend Incline Incline Incline
    Change 11.47% 1.24% 2.74%

    Quarterly Gold Rate in Maharashtra from April to June:

    • For the month of April 2020, gold opened at the rate of Rs.4,158 per gram in Maharashtra. There was an overall upward trend in the price after 5 May 2020. The precious metal recorded the highest price on the 27th of April wherein it stood at the rate of Rs.4,785 per gram. It closed at the rate of Rs.4,635 per gram. There was a hike of 11.47% in the overall performance of the metal.
    • Opening the month of May 2020 at the rate of Rs.4,641 per gram, gold prices in Maharashtra witnessed an overall incline for the month. The highest price of the yellow metal was recorded on 20 May 2020 wherein it stood at the rate of Rs.4,757 per gram. The month came to an end with the price of the precious metal standing at the rate of Rs.4,699 per gram. The overall performance increased by 1.24%.
    • The price of the precious metal opened the month of June 2020 at the rate of Rs.4,702 per gram and showed an overall inclining trend of 2.74% with risk appetite amongst investors increasing. The highest price of gold was recorded on 25 June wherein it stood at the rate of Rs.4,841 per gram. The month closed with the yellow metal being traded at the rate of Rs.4,831 per gram.

    Gold Rate Trend in Maharashtra for January 2020 to March 2020 (per gram of 24 karat gold)

    Factor January February March
    1st Day Rs.3,985 per gram Rs.4,179 per gram Rs.4,263 per gram
    Last Day Rs.4,179 per gram Rs.4,358 per gram Rs.4,158 per gram
    Highest Price Rs.4,216 per gram on 9 January Rs.4,410 per gram on 25 February Rs.4,531 per gram on 7,8 and 9 March 2020
    Lowest Price Rs.3,985 per gram on 1 January Rs.4,132 per gram on 7 February Rs.4,116 per gram on 18 March 2020
    Trend Incline Incline Decline
    Change 4.86% 4.28% -2.46%

    Quarterly Gold Rate in Maharashtra from January 2020 to March 2020:

    • In January, the yellow metal had opened at Rs.3,985 per gram. On this day, gold had recorded the lowest price for this month. Throughout January, the yellow metal rates had seen an increase in its trend and this can be associated with many geopolitical and political reasons in the international market. The metal had reached its highest price for the month on 9 January. On this day, one gram of the metal had cost Rs.4,216. This shoot in the rates of the metal is because of the impeachment enquiry into the U.S. president. The prices of gold had then gone through a lot of fluctuations in Maharashtra. This was due to the sudden outbreak of the coronavirus in China. There were many other factors that had led to the fluctuations in the price of the metal. These include the uncertainty of the signing of a trade treaty between Washington and Beijing and the tensions in the Middle East. Gold had closed at Rs.4,179 per gram on the last day of the month. The metal went through an overall incline of 4.86% during January.
    • In February, the yellow metal had stepped foot into the month at Rs.4,179 per gram and had shown an incline in its rates. The prices of gold had fluctuated a lot during the first week of February. The metal reached Rs.4,184 per gram on 4 February. It had then reduced to Rs.4,158 per gram by the next day, 5 February. The rates of gold had then dipped throughout the first week because of the increase in risk appetite with the investors as the Central Bank of China had liquidated their funds. Then, the precious metal had reached its highest rate for the month and stood at Rs.4,410 per gram by 25 February. This was driven by the increasing fears of the coronavirus. The price of the yellow metal had driven traders to book profits right before the rates had fluctuated. The heavy profit-booking had led to the fall in the price of the metal. By the end of February, the metal had closed curtains at Rs.4,358 per gram on 29 February.
    • In Maharashtra, the prices of gold metal for March had witnessed a fall from Rs.4,263 per gram on the first day to Rs.4,158 per gram on 31 March. This fall by 2.46% can be associated with the growing fears of the coronavirus that had been having a huge impact on the global economy. The yellow metal had witnessed an increase in its prices on 3 March, by Rs.42 and had reached Rs.4,305 per gram. The rates of the precious metal had been Rs.4,116 per gram by 18 March. On this day, the metal had reached its lowest for March. The dip in the rates of gold is because the traders had liquidated their positions in the metal. They had made this move in spite of the central banks’ measures to fight and absorb the impacts of the pandemic. Traders had feared an economic fallout and the prices of gold had been stagnant for 12 days (20 March to 31 March). On these days, the price of gold was Rs.4,158 per gram.

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    Also Check Gold Price in NearBy Cities of Maharashtra

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    News About Gold Rate in Maharashtra

    • Gold rises as oil dips

      The price of gold rose on Tuesday on the back of falling oil prices and fears about US monetary policy. According to reports, reduced output in Kuwait owing to a strike of oil workers hit oil prices.

      The price of an ounce of spot gold increased by $1 to $1,232 on Tuesday. It may be recalled here that the precious metal touched a peak in March amid expectations that Fed may not raise rates in 2016. However, according to reports, Fed may hike interest rates in the near future.

      On Tuesday, China, the biggest consumer of gold in the world, introduced a yuan-denominated gold benchmark to strengthen its position in the bullion market.

      21 April 2016

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

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