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Gold price in Nashik
Nashik is situated in the north-eastern part of Maharashtra. It is at the foothill of the Western Ghats and on the banks of Godavari River. It attracts a huge religious crowd as there are famous temples and churches and people flock to the area during the festival times.
Nashik is also called as the ‘Wine Capital of India’ and it houses 22 wineries. There are various wine festivals being held during the harvest season. The economy is good and the heavy tourist and pilgrims ensure that there is a good demand for gold in Nashik.
Trend of Gold Rate in Nashik for October 2018 (rates per gram)
|Parameters||Gold price (24 carat)|
|October 1 Rate||Rs.3,140 per gram|
|October 31 Rate||Rs.3,302 per gram|
|Highest Rate in October||Rs.3,302 per gram on 30 and 31 October|
|Lowest Rate in October||Rs.3,140 per gram on 1 October|
|Overall Monthly Performance||Incline|
Trend of Gold Rate in Nashik for September 2018 (rates per gram)
|Parameters||Gold price (24 carat)|
|September 1 Rate||Rs.3,104 per gram|
|September 30 Rate||Rs.3,140 per gram|
|Highest Rate in September||Rs.3,178 per gram on 26 and 27 September|
|Lowest Rate in September||Rs.3,104 per gram on 1 September|
|Overall Monthly Performance||Incline|
Trend of Gold Rate in Nashik for August 2018 (rates per gram)
|Parameters||Gold price (24 karat)|
|August 1 Rate||Rs.3,091 per gram|
|August 31 Rate||Rs.3,104 per gram|
|Highest Rate in August||Rs.3,104 per gram on 31 August|
|Lowest Rate in August||Rs.3,031 per gram on 20 - 21 August|
|Overall Monthly Performance||Incline|
August 2018 - Week 1 (1 - 5):
- The rate of the precious metal in Nashik during the beginning of August was recorded at Rs.3,091 per gram. During this period, the domestic demand for the metal was steady.
- The US dollar value rose in comparison with other currencies post the US Federal Reserve monetary policy review. This was speculated to happen by several economists, and also led to decline of gold price in Nashik for the following days.
- On 2 August, the price of the metal in Nashik was recorded at Rs.3,081 per gram, subsequently plummeting to Rs.3,070 per gram on 3 August. The US dollar strengthened during this period and equity markets performed well too.
- The first week of August ended with the gold price in Nashik closing at Rs.3,053 per gram on 5 August. It was during this time that the US dollar dominated when compared to several other currencies, making the bullion expensive for foreign investors.
August 2018 - Week 2 (6 - 12):
- Week 2 started with gold prices in Nashik standing at Rs.3,053 per gram on 6 August, as domestic markets were burdened by the strengthening dollar.
- However, the price of gold in Nashik spiked to Rs.3,058 per gram the very next day, the 7th of August. Release of poor jobs in the US and payrolls’ data caused the dollar to plummet during this time.
- The dollar then recovered over the next few days in Nashik, and gold, on 8 August, was priced at Rs.3,043 per gram.
- For the remainder of the week, gold price in Nashik remained stable at Rs.3,043 per gram. Suppressed domestic demand clubbed with poor global conditions were speculated to be the reason for the unchanged price point.
August 2018 - Week 3 (13 - 19):
- Week 3 witnessed gold price in Nashik picking up amid recovering dollar value and equities.
- Gold price in the city on 13 August was trading at Rs.3,043 per gram with. Favorable overseas trends and steady local demand during this time played a part in improving the price of the metal.
- With bullion markets capitalising on the weakening dollar, demand for the metal surged and gold was priced at Rs.3,056 per gram on the 14th.
- Favorable overseas trends and steady local demand caused the price of gold in the city to spike. The price of the metal on 15 and 16 August stood at Rs.3,061 per gram.
- However, with the US dollar regaining lost ground against other apex currencies, demand for the metal flatlined towards the end of the week.
- Week 3 concluded with gold in Nashik being priced at Rs.3,047 per gram on 19 August. During this time, subdued but steady investor demand were recorded amongst unfavourable global cues.
August 2018 - Week 4 (20 - 26):
- Week 4 commenced with the price of gold in Nashik being recorded at its lowest for the month of August. As on 20 August, the metal was priced at Rs.3,031 per gram, caused due to depleted global demand, strong equities and greenback.
- The price of the metal remained steady the very next day at Rs.3,031 per gram prior to an increment in retail demand. Subsequent to this, gold price in the city shot up to Rs.3,045 per gram on the 22 August.
- Gold price in the city for the next few days held steady Rs.3,045 per gram. Post this, on 25 August, the price of gold was recorded at Rs.3,052 per gram, due to increased demand from domestic jewellers and retailers.
- The week commenced with gold price in the city recorded at Rs.3,052 per gram on the 26 August amid favorable overseas trends.
August 2018 - Week 5 (27 - 31):
- The last week of August started off with gold in Nashik being priced at Rs.3,052 per gram on 27 August. During this time the local bullion market was performing well amid favorable overseases trends.
- On 28 August, Nashik witnessed a surge in gold price to a monthly high of Rs.3,104 per gram. The US dollar declined during this time post the Federal Reserve Chairman’s statement on the interest rate hike.
- Steady investor demand coupled with positive market trends led to the gold price in Nashik remaining stable at Rs.3,104 per gram for the rest of the week.
- Gold in Nashik rose by 0.42% which can be associated with positive overseas trends that helped surge the demand for gold during the month.
Trend of Gold Rate in Nashik for July 2018 (rates per gram)
|Parameters||Gold price (24 carat)|
|July 1 Rate||Rs.3,142 per gram|
|July 31 Rate||Rs.3,095 per gram|
|Highest Rate in July||Rs.3,148 per gram from 5 - 7 July|
|Lowest Rate in July||Rs.3,082 per gram on 19 - 24 July|
|Overall Monthly Performance||Decline|
July 2018- Week 1 (1-6)
- Demand for gold saw some fluctuations in the first week, as demand vagaries and the declining rupee put pressure on the precious metal.
- Gold opened the month at Rs.3,142 per gram, with the price remaining constant for a few days on stable demand.
- The precious metal traded at Rs.3,148 per gram on 5 July as fears over a possible trade war between China and the U.S. caused panic among investors, who sought out gold as a safe-haven asset.
- There was no change in the price as the week ended on 6 July due to low retail demand and stagnant industrial orders.
July 2018- Week 2 (7-13)
- Gold prices in Nashik were steady as the week began before prevalent trends resulted in a drop in rates.
- The precious metal opened trading at Rs.3,148 per gram on 7 July, with prices remaining unchanged for most of the week.
- In spite of the falling rupee there was increased demand for gold domestically, which helped keep prices stable.
- Political uncertainty in the U.S. affected global equity markets, as investors looked to gold to offset losses from declining stock prices.
- The end of the week saw a drop in gold prices as demand slowed, with the precious metal trading at Rs.3,129 per gram on 13 July.
July 2018- Week 3 (14-20)
- Gold prices followed trends seen overseas, with demand stagnant as the dollar recovered and the rupee continued to fall.
- The precious metal was priced at Rs.3,129 per gram on 14 July as demand for gold fell following the recovery of the dollar and stable equity markets.
- Prices did not change for most of the week as the lower rupee offset gains from industrial order volumes.
- There was a steep drop in gold prices in Nashik towards the end of the week as the precious metal traded at Rs.3,082 per gram on 20 July.
July 2018- Weeks 4 and 5 (21-31)
- Demand for gold remained weak as investors looked to equities and bonds, as gold failed to capitalise on a drop in the dollar rate.
- The yellow metal traded at Rs.3,082 per gram when trading opened on 21 July before rising to Rs.3,095 per gram on 25 July.
- The possibility of slower interest rate hikes as well as mounting pressure on the dollar due to internal economic issues led to gold making a comeback.
- Prices did not change over the course of the week, continuing to trade at Rs.3,095 per gram when the month ended.
Trend of Gold Rate in Nashik for June 2018 (rates per gram)
Gold price (24 karat)
June 1 Rate
Rs.3,208 per gram
June 30 Rate
Rs.3,142 per gram
Highest Rate in June
Rs.3,208 per gram from 1-4 June
Lowest Rate in June
Rs.3,142 per gram on 30 June
Overall Monthly Performance
June 2018 - Week 1 (1st - 10th):
- Gold was priced at Rs.3,208 per gram when trading commenced for the 1st day of June 2018.
- This month recorded some significant falls in gold rates as demand plummeted ahead of a strong dollar and local investors remained wary of investments.
- The US-North Korea summit. which was on the brink of cancellation was said to be back on the cards again. caused the dollar to surge.
- On the 5th, gold rate in Nashik went down to Rs.3,171 per gram as cues from the global market weakend.
- The 6th saw prices drop to Rs.3,167 per gram before rising slightly towards the end of this week.
- When the week came to a close on the 10th, the yellow metal was priced at Rs.3,177 per gram - a sharp incline after the dollar fell.
June 2018 - Week 2 (11th - 17th):
- The second week of June was just as bad for gold sales, with the success of the US-North Korea summit undermining demand for the metal.
- As investor sentiments continued to remain positive, gold rate in Nashik were on the decline, as purchase figures began to spiral.
- There was a slight rise in prices on the 13th and the metal traded at Rs.3,183 per gram as less than favourable jobs data in the US broke the monopoly of falling gold price in Nashik, which had been the trend for the entire month so far.
- The trade war dynamic was back on the cards and markets dropped as a result over the final days of this week. Gold traded at Rs.3,200 per gram over the 16th and 17th.
June 2018 - Week 3 (18th - 24th):
- When the third week’s trading started, gold was still priced at Rs.3,200 per gram as the dollar still struggled to come to grips from the previous day’s falls.
- On the 19th, the dollar recorded a spike and gold prices dropped to Rs.3,175 per gram on this day before continuing over the next few days.
- After it was reported that the US Fed Reserve was on course to keep interest rates unchanged but was strongly looking to hike them later in the year, the dollar received a boost.
- When the week came to an end, gold price in Nashik had fallen further after demand continued to remain poor amidst weak sales.
- The yellow metal was priced at Rs.3,148 per gram on the 24th - a Rs.27 per gram - drop in a day’s time.
June 2018 - Week 4 (25th - 30th):
- The final week of June opened in Nashik and the metal opened at Rs.3,148 per gram, which was the same on the subsequent day as well.
- Over this week, gold rate in Nashik were largely unchanged as the stronghold of the dollar seemed to be subverted by steady local demand.
- Gold continued to trade at Rs.3,148 per gram for the next three days as demand remained consistent in the city.
- On the final day, however, gold price in Nashik dropped to Rs.3,142 per gram as local demand slowed down after demand flatlined.
- There was a declining trend with regard to gold trading this month and the metal’s rates declined by 2.05%, owing to a multitude of factors including a strong dollar and a strong market in general.
Trend of Gold Rate in Nashik for May 2018 (rates per gram for 24 karat gold)
|Parameters||Gold price (24 karat)|
|May 1 Rate||Rs.3,219 per gram|
|May 31 Rate||Rs.3,208 per gram|
|Highest Rate in May||Rs.3,228 per gram from 8 - 16 and 25 - 30 May|
|Lowest Rate in May||Rs.3,205 per gram from 17 to 24 May|
|Overall Monthly Performance||Decline|
May 2018 - Week 1 (1st - 6th)
- Nashik’s gold rates began on a strong note before holding strong as demand was steady. While prices in other states and cities saw considerable fluctuations, local demand was comparatively better.
- The month began in Nashik with gold opening at Rs.3,219 per gram as demand from jewellers and other investors was rather steady.
- Gold rates remained unchanged on the 3rd as well - continuing at Rs.3,219 per gram at the end of the day’s trading.
- As the US dollar strengthened and gold prices dropped amidst weak cues, gold rates took a slight hit.
- On the final day of this week, i.e., the 6th, silver was priced at Rs.3,213 per gram on the - a Rs.6 decline from the first day’s rates.
May 2018 - Week 2 (7 th- 13th)
- Gold rate in Nashik had risen to Rs.3,228 per gram - a Rs.15 incline from the previous rates as demand surged after the dollar dropped.
- There was very little changes from the second day onwards as demand remained on the flatter side for the remaining days of the week.
- Gold rates in Nashik was stable while rates fell in other Indian cities as demand was steady locally while it fell everywhere else.
- As purchases from the domestic market was strong, gold rates remained at Rs.3,228 per gram from the 8th to the 13th of the month.
May 2018 - Week 3 (14th- 20th)
- Gold price in Nashik continued to hold at Rs.3,228 per gram when the third week of May opened for trading.
- This continued till the 16th and the metal still traded at Rs.3,228 per gram as demand from local investors and traders was positive despite a weak trend.
- On the 17th, however, gold rates in Nashik fell to Rs.3,205 per gram - a Rs.23 per gram drop - as the US dollar index surged and the precious metal’s rates plummeted.
- Demand, although on the lower side, was stable for the remaining few days of the week and the metal continued to trade at Rs.3,205 per gram till the closing hours of the 20th.
May 2018 - Week 4 (21st - 27th)
- The fourth week of May was no different in terms of trading with the precious metal’s rates recording very few changes.
- When the week began on the 21st, the metal was priced at Rs.3,205 per gram. With the local demand remaining steady gold rates continued to hold at Rs.3,205 per gram till the 24th
- The US dollar fell significantly after an unchanged rate by the Federal Reserve brought about a negative effect on the market.
- Bullion investors capitalised on this drop and prices went up as a result. On the 25th, prices went back up to Rs.3,228 per gram due to positive cues.
- The week ended with gold continuing to trade at Rs.3,228 per gram till the end of the week.
May 2018 - Week 5 (28th - 31st)
- The final week of May 2018 started with gold prices holding a Rs.3,228 per gram - no change from the previous day’s rates.
- As there was a positive trend and a sustained local demand, gold continued at Rs.3,228 per gram till the 30th of the month.
- Due to trends bottoming out, gold rates dropped to a near monthly low tally of Rs.3,208 per Nagram. This drop was a result of weak cues globally which had a knock-on effect in various other cities including Nashik.
- Gold price trends recorded a 0.34% negative change due to poor trading over the final few days of the month.
Trend of Gold Rate in Nashik for April 2018 (rates per gram for 24 karat gold)
|Parameters||Gold Price(24 karat)|
|Parameters||Gold price (24 karat)|
|Gold Rate on 1st April 2018||Rs.3,148 per gram|
|Gold Rate on 30th April 2018||Rs.3,219 per gram|
|Highest Rate in April||Rs.3,232 per gram on 26 and 27 April|
|Lowest Rate in April||Rs.3,148 per gram from 1 April to 14 April|
|Overall Monthly Performance||Incline|
April 2018- Week 1 (1st -7th)
- The month began with gold priced at Rs.3,148 per gram as the U.S. Dollar dropped on renewed trade tensions with China.
- Prices were consistent for the week as local demand did not see much fluctuations in spite of international volatility.
- International gold prices continued to climb as fears of a global trade war led to higher demand for safe haven assets.
- Local demand remained unchanged as the precious metal ended the week priced at Rs.3,148 per gram on 7 April.
April 2018- Week 2 (8-14)
- The second week of April saw gold prices continue to trade at Rs.3,148 per gram as local equity markets were stable, resulting in reduced interest in bullion.
- Gold prices dropped across Asian markets as the dollar strengthened on positive cues and de-escalating trade tensions.
- An impending Fed Reserve meeting and apprehension over the renewal of trade tensions with China led to the dollar falling and higher gold prices, though local demand did not change.
- A sharp spike in prices was seen towards the end of the week as gold surged to Rs.3,184 per gram on 13 April.
- Fears over the Syria conflict and a low dollar kept gold prices steady at Rs.3,184 per gram as the week ended on 14 April.
April 2018- Week 3 (15-21)
- Prices were steady as the week opened, with gold still trading at Rs.3,184 per gram on 15 April.
- International gold rates saw some fluctuations as investors assessed the Syria chemical attack fallout as well as a burgeoning dollar.
- Steady demand from local jewellers kept prices high as the precious metal rose to Rs.3,211 per gram on 19 April.
- Gold prices continued to rise as other metals also saw an increase in demand, though local prices remained constant.
- There was a minor dip in demand across global markets but local rates were unaffected and closed at Rs.3,211 per gram on 21 April.
April 2018- Week 4 (22-28)
- Stable demand led to gold prices remaining more or less constant during the week as the yellow metal traded at Rs.3,211 per gram on 22 April.
- Demand from Asian economies was muted, which led to a slight drop in demand internationally.
- Prices dipped steeply in the U.S. but local prices rose to Rs.3,232 per gram on 26 April after a late rally by the metal.
- The global dip in gold rates led to local demand also dropping, as gold fell to Rs.3,219 per gram as the week ended onin 28 April.
April 2018- Week 5 (29-30)
- The last week of April saw little change in the price of gold as investors preferred equities to the yellow metal.
- Gold traded at a stable Rs.3,219 per gram as the month ended on 30 April and prices rose by 2.25% over the course of the month.
Gold Rate Trend in Nashik for January 2018 to March 2018 (per gram of 24 karat gold)
Rs.3,093 per gram
Rs.3,128 per gram
Rs.3,147 per gram
Rs.3,121 per gram
Rs.3,147 per gram
Rs.3,148 per gram
Rs.3,162 per gram on 17 & 18 January
Rs.3,148 per gram from 3-5, 7 and from 17-22 February
Rs.3,148 per gram on 8 & 9 and from 24-31 March
Rs.2,080 per gram from 4-8 January
Rs.3,091 per gram from 9-11 February
Rs.3,123 per gram from 17-23 March
Gold Rate Trend in Nashik for January 2018:
- In Nashik, gold opened at Rs.3,093 per gram when the month of January began.
- The new year started with gold trading at Rs.3,063 per gram - a considerably strong opening compared to the previous month’s exploits.
- However, prices dropped significantly on the 4th to Rs.2,080 per gram before continuing on till the 8th of the month. This was the lowest gold rate for the month, brought about by a poor demand and a resurgent US dollar.
- The US dollar, however, went through a few shifts, which helps gold claw back some of its lost ground.
- Gold prices in Nashik started to improve after the fall and rose to a monthly high figure of Rs.3,162 per gram on the 17th and the 18th of the month.
- The final two weeks saw gold consolidate as the US dollar improved, which in turn pushed bullion demand down.
- When the month ended, gold was priced at Rs.3,121 per gram.
Gold Rate Trend in Nashik for February 2018:
- February started with gold trading at Rs.3,128 per gram.
- On the 3rd, gold rates in Nashik surged to hit a monthly high figure of Rs.3,148 per gram. This happened reflected on multiple occasions this month, and it was seen on the 4th, 5th, 7th and from 17th to the 22nd of February.
- The first two weeks were rather tumultuous for gold trading, as both the highest and the lowest rates were recorded within a span of three days.
- Gold rates in Nashik hit their lowest on the 9th when it hit Rs.3,091 per gram before holding on to trade at this rate till the 11th of the month.
- It was all a balancing act for the rest of the month, and gold prices fluctuated quite a bit over the final three weeks.
- When the month came to an end, gold was seen holding at Rs.3,147 per gram. Gold incline by 0.60% this month, thanks to occasional spurt in demand.
Gold Rate Trend in Nashik for March 2018:
- Gold prices had seen no change as it opened at Rs.3,147 per gram - the same rate as the previous month’s closing.
- Demand for the metal was largely steady this month and it traded in the Rs.3,100 range for the entire month.
- On the 8th, gold prices were at their highest - at Rs.3,148 per gram - which returned when the month ended, from the 24th to the 31st of March.
- The metal was at its lowest price point from the 17th to the 23rd when it traded at Rs.3,123 per gram.
- The month drew to a close and gold was still priced at Rs.3,148 per gram - a Rs.1 incline from the first day.
- A marginal 0.03% incline was recorded during this month’s trading sessions, as demand was largely steady.
Gold Rate Trend in Nashik for October 2017 to December 2017 (per gram of 24 karat gold)
|1st day||Rs.3,127 per gram||Rs.3,070 per gram||Rs.3,074 per gram|
|Last day||Rs.3,088 per gram||Rs.3,081 per gram||Rs.3,093 per gram|
|Highest price||Rs.3,135 per gram from 12 to 17 October||Rs.3,115 per gram on 19 and 20 November||Rs.3,094 per gram from 2 to 4 December|
|Lowest price||Rs.3,002 per gram from 23 to 26 October||Rs.3,061 per gram on 6th November||Rs.2,988 per gram on 12 and 13 December|
Gold Rate Trend in Nashik for October 2017
- Gold opened on a relatively high note in Nashik when trading began for the month of October. The metal was priced at Rs.3,127 per gram on the 1st of October.
- But, rates continued to drop over the course of the week owing to a strong US dollar and weakening local demand.
- Rates went down to as low as Rs.3,104 per gram on the 4th due to poor sales locally.
- Gold price in Nashik fell further down to Rs.3,084 per gram on the 6th but surged to Rs.3,119 per gram on the 9th as a poor USD performance gave investors enough reason to increase their purchases.
- By the 12th, gold rate in Nashik reached their highest level of Rs.3,135 per gram. This continued till the 17th as festive demand remained steady.
- The 23rd recorded the lowest gold rate - of Rs.3,002 per gram - as the end of festive season demand and a strong equity market pushed rates down.
- When the month ended, gold rates had improved to close at Rs.3,088 per gram, thereby recording a 1.24% decline in price trends.
Gold Rate Trend in Nashik for November 2017:
- Gold rates in Nashik saw an improvement in the month of November, thanks to various events involving the US president Donald Trump.
- The yellow metal’s rates had actually tumbled when trading began for November - starting at Rs.3,070 per gram as opposed to Rs.3,088 per gram the previous day.
- As the US president introduced a new tax structure - the markets reacted apprehensively. This pushed gold rates up considerably.
- Gold hit its peak for the month on the 19th and the 20th when it was seen trading at Rs.3,115 per gram.
- On the final day of the month, the yellow metal was trading at Rs.3,081 per gram. Gold price trends surged by 0.35% despite some poor sales during the latter half of the month.
Gold Rate Trend in Nashik for December 2017:
- The 1st of December saw gold trading at Rs.3,078 per gram, which then improved to reach Rs.3,094 per gram.
- Rapid decline in prices after the first few days of the month and prices reached as low as Rs.2,988 per gram by the 12th of December.
- Gold rate in Nashik seemed to be on the incline as a combination of factors including a weak dollar and concerns regarding Trump administration pushed demand up.
- At the time of closing on the 31st of December, gold was priced at Rs.3,093 per gram.
- Price trends in Nashik improved by 0.92%, thanks to strong domestic which was aided by positive global cues.
Find Today's Gold Price in Top Metro Cities
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Gold Rate Trend in Nashik for July 2017 to September 2017 (per gram of 24 karat gold)
|1st day||Rs.3,055 per gram||Rs.2,988 per gram||Rs.3,045 per gram|
|Last day||Rs.2,988 per gram||Rs.3,045 per gram||Rs.3,127 per gram|
|Highest price||Rs.3,055 per gram on 1 & 2 July||Rs.3,045 per gram from 29- 31 August||Rs.3,186 per gram from 9-12 September|
|Lowest price||Rs.2,981 per gram on 9 July||Rs.2,978 per gram on 8 August||Rs.3,045 per gram on 1 September|
Gold rate trend in Nashik for July 2017
- Gold prices in Nashik plunged considerably as the month progressed, owing to poor global cues coupled with reduced local demand.
- The yellow metal was trading at Rs.3,055 per gram, when the month began. This was also the highest recorded monthly figure.
- In addition, prices declined with firmer equities market and strong dollar rates, and gold was priced low at Rs.2,902 per gram - the lowest recorded monthly figure - on the 10th.
- Gold rate in Nashik dropped further as local demand declined with the introduction of GST in the country. This led to prices falling to Rs.2,947 per gram on the 18th.
- However, the dollar value plunged with the US-North Korean relations deteriorating, and the precious metal was recorded trading higher to Rs.2,988 per gram on the 23rd.
- Thanks to the steady bullion demand from industries, retailers and jewellers, prices remained untouched at Rs.2,988 per gram for rest of the month.
- Nashik witnessed gold rate in Nashik declining at 2.19% during the month. This was due to the reduced local demand coupled with the implementation of GST bill.
Gold rate trend in Nashik for August 2017
- When trading commenced for the month, the yellow metal was trading steady at Rs.2,988 per gram on the 1st.
- However, the strengthening dollar rates resulted in a reduced global demand. This led to gold rates is Nashik falling to Rs.2,978 per gram on the 8th.
- But, with overseas relations intensifying between the US and North Korea, the dollar value declined. This pushed demand higher for the bullion, and the precious metal was trading at Rs.3,044 per gram on the 11th.
- Geopolitical tensions rose in the Korean peninsula towards the end of the month. This resulted in investors gravitating towards safer investments like gold. The increased demand for the bullion led to prices surging to Rs.3,045 per gram on the 29th.
- The month ended with gold trading firm at Rs.3,045 per gram owing to steady global demand.
- During the month of August, Nashik witnessed the bullion prices inclining at 1.90%, thanks to positive global trends that pushed demand higher.
Gold rate trend in Nashik for September 2017
- When the month began, gold was recorded trading at Rs.3,045 per gram with steady global, as well as, local demand.
- The 9th witnessed gold rate in Nashik surging to Rs.3,186 per gram as equities market around the world tanked with North Korea’s announcement on their successful two-stage thermonuclear weapon tests.
- Local demand declined despite the strong global cues, and gold was trading at Rs.3,109 per gram on the 22nd.
- However, domestic demand surged on the 26th with the arrival of Dussehra, pushing prices as high as Rs.3,164 per gram.
- The US economy recovered with the US-North Korea conflicts settling down towards the end of the month. This led to gold rates dropping to Rs.3,127 per gram on the 28th. Prices remained unchanged for the remainder of the month with steady global demand.
- When trading concluded for the month, gold price in Nashik had inclined at 2.69% in Nashik owing to strong global trends and increased international demand for the yellow metal.
Gold Rate Trend in Nashik for April 2017 to June 2017 (per gram of 24 karat gold)
|1st day||Rs.3,011 per gram||Rs.3,061 per gram||Rs.3,046 per gram|
|Last day||Rs.3,061 per gram||Rs.3,046 per gram||Rs.3,055 per gram|
|Highest price||Rs.3,061 per gram on 29 & 30 April||Rs.3,061 per gram on 1 & 2 May||Rs.3,077 per gram on 7 & 8 June|
|Lowest price||Rs.3,011 per gram from 1-3 April||Rs.2,956 per gram from 11-16 May||Rs.3,033 per gram from 15-29 June|
Gold rate trend in Nashik for April 2017
- The gold rate in Nashik traded at Rs.3,011 per gram on 1 April.
- In initial few weeks of April, gold rates rose due to the increased demand for gold from the international markets.
- The increased demand for gold from the local markets and a weak U.S. dollar rate contributed to the higher gold rate of Rs.3,061 on 30 April.
- Considering the market fluctuations leading to losses in the stock market, investors felt the need for this yellow metal as safe havens.
- Various factors contributed to the overall increase in the demand for bullion leading to an incline of 1.63% in gold rates.
Gold rate trend in Nashik for May 2017
- The gold rate in Nashik opened at Rs.3,061 per gram on 1 May and ended in a decline for the whole of the month.
- The stable market condition reduced the demand for gold. The gold price in Nashik fell to Rs.2,977 per gram on 9 May and continued to dip due to various factors.
- The reduced demand for gold from the local and international markets, and a weak U.S. dollar value managed to drop the gold rates to Rs.2,956 per gram on 16 May.
- Though a marginal amount of demand from the jewellers increased the rate to Rs.3,017 per gram on 19 May, the overall decline of 0.49% of value has been noticed for the month of May.
Gold rate trend in Nashik for June 2017
- The gold rate in Nashik fluctuated in the month of June, opening at Rs.3,046 per gram on 1 June and reaching Rs.3,077 per gram on 7 and 8 June.
- The steady demand from International markets and a slight decline from the local market reduced the gold rate to Rs.3,053 per gram from 9-14 June.
- The stock market’s stability has discouraged the demand for bullion while reducing the rate to Rs.2,942 per gram on 20 June.
- With markets stabilising, it reduced the demand for bullion in Nashik and the gold prices dipped to Rs.3,033 per gram for the rest of the month.
- The launch of GST impacted the stock market while increasing the demand for the yellow metal.
- Overall, the gold rate in Nashik had an incline of 0.29% for the month of June.
Gold Rate Trend in Nashik for January 2017 to March 2017 (per gram of 24 karat gold)
|1st day||Rs.2,884 per gram||Rs.2,985 per gram||Rs.3,054 per gram|
|Last day||Rs.2,985 per gram||Rs.3,054 per gram||Rs.3,011 per gram|
|Highest price||Rs.2,997 per gram from 16th of January to 27th of January||Rs.3,054 per gram from the 24th of February to 28th of February||Rs.3,054 per gram on the 1st and 2nd of March|
|Lowest price||Rs.2,884 per gram on the 1st of January and the 3rd of January||Rs.2,985 per gram on the 1st of February||Rs.2,968 per gram on the 15th of March|
Gold Rate Trend for Nashik in January 2017
- Gold traded at Rs.2,884 per gram on the 1st day of January in Nashik. This price was also noted on the 3rd of January. This rate was also the lowest at which gold traded for the month of January.
- A marginal increase was witnessed in the price of gold as the week continued. On the 4th of the month, gold was priced at Rs.2,895 per gram before increasing to Rs.2,908 per gram thanks to heightened demand for gold.
- Price of gold was Rs.2,938 per gram on the 10th of January and this rate was seen the next day as well.
- There were a few fluctuations noted in the price of gold throughout the month.
- From the 16th of January till the 27th of January, gold traded at Rs.2,997 per gram which was the highest rate at which gold traded during the month due to high demand from investors as well jewellers.
- At the end of the first month of the year, the rate of gold increased by 3.50% as compared to the rates seen during the beginning of the month
Gold Rate Trend for Nashik in February 2017
- On the 1st of February, gold traded at Rs.2,985 which was a continuation of the rate noted during the end of January in Nashik. This rate was noted the next day as well and was the lowest at which gold traded at for the month of February.
- Depending on the demand for this metal, the rate of gold varied as the month progressed.
- As the value of the U.S. Dollar increased, the price of gold fell to Rs.3,013 per gram. This price was noted on all days of February between 10th of February and 15th of February.
- As the demand for this precious metal increased, the price of gold rose by Rs.10 to trade at Rs.3,034 per gram. As the demand remained constant, gold continued to trade at the aforementioned rate until the 23rd of February.
- The price of gold was steady at Rs.3,054 per gram from the 24th of February till February due to a significant increase in the demand for this precious metal from jewellers. An incline of 2.31% was noted in the rate of gold during the month of February.
Gold Rate Trend for Nashik in March 2017
- Gold was priced at Rs.3,054 per gram on the 1st of March in Nashik and was stable at this rate until the 2nd of March. This rate was also the highest at which gold traded at for the month of March in Nashik.
- On the 15th of March, gold plunged to its lowest rate of Rs.2,968 per gram for the month due to uncertainty over the Dutch election outcome and U.S. Fed Reserve meeting.
- Due to stable demand from both domestic and well as international markets, the rate of gold was steady at Rs.3,035 per gram from the 23rd of March to 30th of March.
- The price of gold on the final day of March in Nashik was Rs.3,011 per gram recording a decline of 1.40% in the price of this precious metal as compared to the rate noted at the beginning of the month.
Gold Rate in Nashik
Gold’s purity determines the gold rate in Nashik. Potential buyer can buy either 24 karat, 22 karat, 18 karat or 14 karat gold. 24 karat gold is most expensive and 14 karat is cheap. Gold rate in Nashik changes according to the international gold market. The gold prices picked up in January, 2016 after the significant fall in 2015.
24 karat gold:
24 karat gold is the purest form of gold it includes 99.95% gold mass. It is a very soft metal hence it cannot be used to make jewellery or other ornaments. The gold rate for 24 karat gold in Nashik is Rs.29,760 per 10 grams as on 11th March, 2016.
22 karat gold:
22 karat gold includes 91.6% gold mass and it is the highest quality gold. It is used to make jewellery and ornaments as it has a shiny yellow coat. The brightness of the 22 karat gold depends on the metal it is alloyed with. 22 karat gold is usually alloyed with silver or copper. You get a reddish tint when gold is mixed with copper. When zinc is added to copper it neutralises the rose color and makes it look yellow.
The best quality is when the 22 karat gold is alloyed with silver. This is the most common form of retail gold jewellery. It is however worn off easily so special care has to be taken. The gold rate for 22 karat gold in Nashik is Rs.27,820 per 10 grams as on 11th March, 2016.
18 karat gold:
18 karat gold includes 75% of the gold mass and is the popular karat for jewellery. It provides enough strength to hold the gemstones, diamonds and emeralds in place. Pink and rose gold are also 18 karat gold.
14 karat gold:
14 karat gold includes 58.3% gold mass and it is also the cheapest type of gold jewellery. You get a dull bronze color when alloyed with copper. You get white gold when you alloy 14 karat gold with silver or nickel.
Gold investment avenues in Nashik
People in India love buying gold either as a jewellery or to invest. Gold sales are usually higher during the festivals and wedding season. Since gold is treated as a safe haven asset, investors also prefer to buy gold to protect themselves from the market fluctuations. Gold can be brought in Nashik in the following ways:
Gold can be purchased from anywhere as now you have access to E-gold, futures and ETFs. E-gold trade is done through National Spot Exchange. ETFs are traded on Bombay Stock Exchange. Trading in gold is subject to risk which you must be aware of before you start trading.
Over the counter purchases:
When people buy gold they always prefer to look at the jewellery and try it on before actually buying it. There are a various jewellers in Nashik from where people can buy gold. It can also be brought in the form of gold coins and bars from the bank as well as the jewellers. You must know that when you buy gold from the bank it is costlier as you get a purity certificate.
- Also Check: Gold Rate in Maharashtra
Also Check Gold Price in NearBy Cities of Nashik
|Gold Rate In Solapur||Gold Rate In Amravati||Gold Rate In Nanded||Gold Rate In Sangli|
|Gold Rate In Jalgaon||Gold Rate In Kolhapur||Gold Rate In Mumbai||Gold Rate In Nagpur|
|Gold Rate In Pune||Gold Rate In Aurangabad||Gold Rate In Thane||Gold Rate In Surat|
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