Gold Rate Trend in Malappuram for October 2016:

• Gold rates in Malappuram seemed to go down for much of October as global demand wasn’t at a high.
• The results of US Presidential elections were to be expected this month which brought about massive uncertainty in the world market.
• The first of the month started with gold trading at Rs.3,152 per gram - the highest gold price for the entire month.
• By the 8th, gold prices had gone down significantly to hit Rs.3,026 per gram but put in some positive growth to increase slightly by the q0th.
• Gold prices gained at a marginal rate for the last few days as the prices hit Rs.3,065 per gram.
• The rate trend saw a -2.76% change for the month of October despite some increasing demand.

Gold Rate Trend in Malappuram for November 2016:

• November saw some major events in both Indian and international level as Donald Trump was announced to be the president of the USA.
• Trump’s announcement brought the markets to the brink of uncertainty thereby increasing demand for gold.
• On 1st, gold was seen trading at Rs.3,075 per gram and gained a little more to hit Rs.3,119 per gram on 6th.
• In India, demonetisation of Rs.500 and Rs.1,000 notes caused the market to fall and demand for gold to increase.
• The 9th saw prices increase a little more to hit Rs.3,166 per gram but it was all downhill from then on as prices went down to Rs.2,986 per gram on the 19th.
• Although, demand increased during the first few days after demonetisation, it slowly fell as the nation went through a bit of a cash crunch.
• Gold price trends in Malappuram decline by -4.45% in November, making it the worst-performing month of the quarter.

Gold Rate Trend in Malappuram for December 2016:

• Gold rates didn’t seem to increase much in December as the country was still struggling with the lack of cash for day-to--day transactions.
• When 1st began, gold was trading at Rs.2,890 per gram but went down significantly to hit Rs.2,851 per gram as business day closed on 9th.
• Prices seemed to go down further more to Rs.2,836 per gram on 10th as no global and domestic demand was to be seen.
• Towards the end of the month, when New Year approached, gold prices recovered from its freefall to end 2016 at Rs.2,821 per gram.
• Gold price trends in Malappuram saw a change of -2.48% in the month of December.

Gold Rate Trend in Malappuram for July 2016

• Gold traded at Rs.3,000 per gram on 1st July, with the price rising sharply in the first half of the week to Rs.2,150 per gram on 3rd  July due to strong demand.
• The price fell to Rs.3,030 per gram on 4th July due to strong markets and a decrease in domestic demand, with prices rising marginally towards the end of the week.
• A surge in demand led to the price rising to Rs.3,167 per gram on 16th July but prices dropped mid-week.
• Prices stayed stable as demand was weak, trading at Rs.3,060 per gram on 23rd July.
• Demand rose slightly, with gold trading at Rs.3,092 at the end of the month.

Gold Rate Trend in Malappuram for August 2016

• Gold traded at Rs.3,092 per gram on 1st August with the price rising to Rs.3,132 per gram on 7th August due to market instability overseas.
• Prices dipped due to lowered demand, with gold priced at Rs.3,092 per gram on 8th August before rising marginally to Rs.3,125 per gram on 14th August.
• The price was stable due to steady demand, trading at Rs.3,135 per gram for the third week.
• Prices rose marginally in the last week, before settling at Rs.3,130 per gram.

Gold Rate Trend in Malappuram for September 2016

• Gold remained constant, trading at Rs.3,130 per gram on 1st September before falling slightly due to global cues.
• Increased demand from jewellers for the festive season led to prices rising to Rs.3,160 per gram on 7th September, though prices fell as the week ended.
• Prices stabilised as the week progressed, trading at Rs.3,145 per gram for the week till 14th September before falling to Rs.3,135 per gram on 18th September.
• Prices dipped further to Rs.3,120 per gram on 19th September due to markets performing well but prices rose to Rs.3,130 per gram as the week ended.
• Gold prices rose marginally to Rs.3,160 per gram on 25th September before falling to Rs.3,135 per gram on 30th September.

Gold Rate Trend of Malappuram in April 2016

• The month of April was bright for gold starting at Rs. 2,872 and increasing by 5.32% by the end of the month.
• Increase in demand led to a rising trend with the highest record on April 30th at Rs. 3,025.
• Anticipation of a growing U.S economy, a stronger dollar and a Fed rate hike leaves the trend uncertain at the end of April.

Gold Rate Trend of Malappuram in May 2016

• May began with steady rates from the previous month opening at Rs. 3,025 per gram.
• The louder chorus in anticipation of the U.S. Federal Reserve interest rate hike led to gold rates dropping to the floor.
• Prices dropped to the lowest in a year because higher borrowing costs don’t work well for non-interest bearing assets such as the bullion.
• Gold ended at Rs. 2,895 per gram, a 4.29% decrease.

Gold Rate Trend of Malappuram in June 2016

• Gold rates were relatively constant through the month of June with a few fluctuations along the way.
• Gold traded at Rs.2,895 at the start of the month and rose to Rs.3,050 by 25th June.
• The stagnant prices can be attributed to stable domestic demand that negated global falls.

Gold Rate Trend of Malappuram in January 2016

• Gold opened in January at Rs. 2,507.
• The month experienced fluctuations throughout, but the changes were moderate.
• Due to increased demand from the jewellers in the domestic market, January 27th witnessed the highest number for the month at Rs. 2,688 per gram.
• The month ended with to Rs. 2685, indicating a rising trend with 7.10% incline.

Gold Rate Trend of Malappuram in February 2016

• Gold rates traded at Rs. 2,685 per gram on February 1st, continuing the trend from the previous month.
• Rising demand led to the rates jumping onto an inclined track climbing up to Rs. 2,872 on 26th.
• The prices didn’t drop for the rest of the month, a 6.96% increase for February.

Gold Rate Trend of Malappuram in March 2016

• The trends from February seeped into March with the prices opening at Rs. 2,872 per gram.
• Gold rates stayed constant through the month with minor fluctuations.
• Gold traded the highest for the month on March 8th at Rs. 2,907.
• On account of speculation of a hike in the U.S. Federal Reserve interest rates, gold prices were set on a path of decline.
• The month ended at the same price it started with marking a 0% change.