Gold Rate In Nellore

  • Today's Gold Rate in Nellore( 19 Oct 2021 )

    ₹ 4,465
    Today's Gold Rate (22K) per gram

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

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,465 ₹ 4,462 ₹ 3 ↑
    Standard Gold (22 K) ( 8 grams ) ₹ 35,720 ₹ 35,696 ₹ 24 ↑
    Pure Gold (24 K) ( 1 gram ) ₹ 4,688 ₹ 4,685 ₹ 3 ↑
    Pure Gold (24 K) ( 8 grams ) ₹ 37,504 ₹ 37,480 ₹ 24 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    19 Oct 2021 ₹ 4,465 ₹ 35,720 ₹ 4,688 ₹ 37,504
    18 Oct 2021 ₹ 4,462 ₹ 35,696 ₹ 4,685 ₹ 37,480
    17 Oct 2021 ₹ 4,465 ₹ 35,720 ₹ 4,688 ₹ 37,504
    16 Oct 2021 ₹ 4,465 ₹ 35,720 ₹ 4,688 ₹ 37,504
    15 Oct 2021 ₹ 4,515 ₹ 36,120 ₹ 4,741 ₹ 37,928
    14 Oct 2021 ₹ 4,505 ₹ 36,040 ₹ 4,730 ₹ 37,840
    13 Oct 2021 ₹ 4,444 ₹ 35,552 ₹ 4,666 ₹ 37,328
    12 Oct 2021 ₹ 4,443 ₹ 35,544 ₹ 4,665 ₹ 37,320
    11 Oct 2021 ₹ 4,419 ₹ 35,352 ₹ 4,640 ₹ 37,120
    10 Oct 2021 ₹ 4,438 ₹ 35,504 ₹ 4,660 ₹ 37,280

    Weekly & Monthly Graph of Gold Rate in Nellore (1 gram)

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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 Price in Nellore

    Gold rates in the first two months of 2016 have been on the rise despite strong US jobs data and equities and weak demand among other factors. Gold rates in India are influenced by various national and international factors such as import duties, inflation, current account deficit, currency fluctuations and so forth. According to reports, geopolitical conflicts and plummeting stock markets have resulted in strengthening the position of gold as a safe haven asset this year.

    Nellore is one of the well-known districts in Andhra Pradesh owing to its cultural and historical importance. Gold is viewed as a traditional form of investment in Nellore as most residents buy various forms of gold jewelry, coins and bars. The gold jewelry is handed down from generation to generation in many households. Gold jewelry is an important part of various auspicious occasions and ceremonies such as weddings and religious processions.

    Gold Rate Trend in Nellore for April 2021 to June 2021 (per gram of 24 karat gold)

    Factor April May June
    1st Day Rs.4,544 per gram Rs.4,777 per gram Rs.5,030 per gram
    Last Day Rs.4,599 per gram Rs.5,007 per gram Rs.4,631 per gram
    Highest Price Rs.4,920 per gram on 22 April Rs.5,030 per gram on 26 and 27 May Rs.5,040 per gram on 3 June
    Lowest Price Rs.4,544 per gram on 1 April Rs.4,777 per gram on 1 May Rs.4,610 per gram on 21 June
    Trend Incline Incline Decline
    Change 1.21% 4.82% -8.62%

    Quarterly Gold Rate in Nellore from April 2021 to June 2021:

    • Gold prices in Nellore opened at the rate of Rs.4,544 per gram in the month of April 2021. During the month it had hit the highest price point on 22nd of April wherein a gram of the precious yellow metal was being traded at the rate of Rs.4,920. The lowest price of the yellow metal was recorded on the 1st of April wherein it stood at the rate of Rs.4,544 per gram. The month closed with gold price in Nellore being listed at Rs.4,599 per gram. During the month, the overall performance of gold in Nellore witnessed an increase of 1.21%.
    • In the month of May 2021, the gold prices in Nellore opened at the rate of Rs.4,777 per gram. During the month it had hit the highest price point on 26th and 27th of May wherein the precious yellow metal was being traded at the rate of Rs.5,030 per gram. The lowest price of the precious metal was recorded on the 1st of May wherein it stood at the rate of Rs.4,777 per gram. During the month, the overall performance of gold in Nellore witnessed an increase of 4.82%.
    • In Nellore, the price of gold opened at the rate of Rs.5,030 per gram in the month of June 2021. For the sixth month of the year, gold had hit the highest price point of Rs.5,040 per gram on 3rd June 2021. The lowest price was recorded on the 21st of June wherein a gram of 24 karat gold was being sold at the rate of Rs.4,610. During the month, the overall performance of gold in Nellore witnessed a decline of –8.62%.

    Gold Rate Trend in Nellore for January 2021 to March 2021 (per gram of 24 karat gold)

    Factor January February March
    1st Day Rs.4,965 per gram Rs.5,018 per gram Rs.4,697 per gram
    Last Day Rs.4,996 per gram Rs.4,771 per gram Rs.4,511 per gram
    Highest Price Rs.5,950 per gram on 30 January Rs.5,018 per gram from 1 February Rs.4,697 per gram on 1 March
    Lowest Price Rs.4,838 per gram on 17 January Rs.4,771 per gram on 19 February Rs.4,511 per gram on 31 March
    Trend Decline Decline Decline
    Change -0.62% -4.92% -3.95%

    Quarterly Gold Rate in Nellore from January 2021 to March 2021:

    • Nellore gold prices started off at Rs.4,965 per gram in January 2021 for 24 karat gold. The rates of the precious metal fluctuated throughout the month, hitting the lowest price point of Rs.4,838 per gram on 17 January but rising to Rs.5,950 per gram by 30 January, which was also the highest for the month. However, within a day, the price had dipped to Rs.4,996 per gram to close the month. The overall trend of gold prices in the city of Nellore in January was on a decline with a percentage change of -0.62%.
    • The gold rate in Nellore in February started at Rs.5,018 per gram for 24 karat gold. This was also the highest price point during the entire month. By 19 February, the yellow metal had hit its lowest price point of Rs.4,771 per gram. The overall performance of gold prices during February in Nellore were on a decline with a decrease in percentage by -4.92%.
    • The price of the precious metal in Nellore in March opened at Rs.4,697 per gram for 24 karat gold which was also the highest price point for the entire month. Prices continued to fluctuate through the month, hitting the lowest price point at the close of the month on 31 March when it hit Rs.4,511 per gram. The overall trend in gold prices in the city of Nellore in the month of March was on a decline with a percentage change of -3.95%.

    Gold Rate Trend in Nellore for October 2020 to December 2020 (per gram of 24 karat gold)

    Factor October November December
    1st Day Rs.5,066 per gram Rs.5,194 per gram Rs.4,877 per gram
    Last Day Rs.4,998 per gram Rs.4,876 per gram Rs.5,096 per gram
    Highest Price Rs.5,131 per gram on 12 October Rs.5,302 per gram on 10 November Rs.5,138 per gram on 21 December
    Lowest Price Rs.4,904 per gram on 20 October Rs.4,876 per gram on 30 November Rs.4,877 per gram on 1 December
    Trend Decline Decline Incline
    Change -1.34% -0.96% 4.49%

    Quarterly Gold Rate in Nellore from October 2020 to December 2020:

    • Gold prices in Nellore opened at the rate of Rs.5,066 per gram in the month of October 2020. The precious metal had recorded the highest price point on 12th of October wherein the yellow metal was being traded at the rate of Rs.5,131 per gram. The lowest price of the precious metal was recorded on 20th of October wherein it stood at the rate of Rs.4,904 per gram. The month closed with gold price in Nellore being listed at Rs.4,998 per gram. During the month, the overall performance of gold in Nellore witnessed a decline of -1.34%.
    • In the month of November 2020, the gold prices in Nellore opened at the rate of Rs.5,194 per gram. Gold had recorded the highest price point on 10th of November wherein the precious metal stood at the rate of Rs.5,302 per gram. The lowest price of the yellow metal was recorded on 30th of November wherein it stood at the rate of Rs.4,876 per gram which was also the closing price of gold for the month. During the month, the overall performance of gold in Nellore witnessed a decline of -0.96%.
    • In Nellore, the price of gold opened at the rate of Rs.4,877 per gram in the month of December 2020. For the month, gold had hit the highest price point of Rs.5,138 per gram on 21st December 2020. The lowest price was recorded on 1st of December wherein it stood at the rate of Rs.4,877 per gram. The month closed with gold price in Nellore being listed at Rs.5,096 per gram. During the month, the overall performance of gold witnessed an increase of 4.49%.

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

    Factor July August September
    1st Day Rs.5,049 per gram Rs.5,583 per gram Rs.5,221 per gram
    Last Day Rs.5,561 per gram Rs.5,360 per gram Rs.5,354 per gram
    Highest Price Rs.5,561 per gram on 31 July Rs.5,914 per gram on 8 August Rs.5,408 per gram on 21 September
    Lowest Price Rs.5,049 per gram from 1 July Rs.5,359 per gram on 30 August Rs.5,019 per gram on 26 September
    Trend Incline Decline Incline
    Change 10.14% -3.99% 2.54%

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

    • Gold prices for the month of July opened at Rs.5,049 per gram and closed at Rs.5,561 per gram. The coronavirus outbreak all over the world ensured that the prices of gold increased. The various stimulus measures introduced by central banks also affected gold prices. Overall, the yellow metal saw its prices increase by 10.14% over the course of the month.
    • In August, the prices of gold dipped by 3.99%. Gold hit its highest rate for the month on 8 August and was at Rs.5,914 per gram.
    • On 1 September 2020, the price of gold had been Rs.5,221 per gram. Gold prices increased by 2.54% over the course of the month and closed at Rs.5,019 for a gram. The increase in the number of coronavirus cased caused fears of a global recession, ensuring gold prices increased.

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

    Factor April May June
    1st Day Rs.4,150 per gram Rs.4,670 per gram Rs.4,917 per gram
    Last Day Rs.4,720 per gram Rs.4,898 per gram Rs.5,067 per gram
    Highest Price Rs.4,720 per gram on 30 April Rs.4,909 per gram on 26 May and 27 May Rs.5,067 per gram on 30 June
    Lowest Price Rs.4,150 per gram from 1 April to 5 April Rs.4,621 per gram on 2 May Rs.4,837 per gram on 8 June
    Trend Incline Incline Incline
    Change 1.3% 0.59% 3.05%

    Quarterly Gold Rate in Nellore from April to June:

    • In April, gold prices in Nellore opened at Rs.4,150 per gram and were steady till 5 April with no changes in rate. Gold prices showed no change due to the lockdown in the country. However, at the end of the month, the metal’s prices increased and closed at Rs.4,720 per gram with an overall incline of 1.3%.
    • Gold prices in May recorded a marginal monthly incline, opening at Rs.4,670 per gram on 1 May and increasing within the next two weeks. Despite constant fluctuations, the metal’s price increased in the last week and hit its highest at Rs.4,909 per gram on 26 May and closed at Rs.4,898 per gram on 31 May with an incline of 0.59%.
    • The metal’s price in June opened at Rs.4,917 per gram on 1 June and dipped to its lowest on 8 June at Rs.4,837 per gram. The metal’s value increased to hit its 8-year high with the surge in COVID-19 cases all over the world. On 30 June, the metal’s value increased and closed at Rs.5,067 per gram.

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

    Factor January February March
    1st Day Rs.3,922 per gram Rs.4,077 per gram Rs.4,185 per gram
    Last Day Rs.4,074 per gram Rs.4,185 per gram Rs.4,150 per gram
    Highest Price Rs.4,125 per gram on 8 January Rs.4,305 per gram on 24 February Rs.4,443 per gram on 6 March
    Lowest Price Rs.3,919 per gram on 2 January Rs.4,030 per gram on 6 February Rs.4,026 per gram on 19 March
    Trend Incline Incline Decline
    Change 3.87% 2.64% -0.83%

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

    • The price of gold in Nellore opened at Rs.3,922 and closed at Rs.4,074 on the last day of the month of January. The price of the yellow metal was impacted due to the trade tensions between Beijing and Washington. The political tensions between the Middle East and U.S which got escalated was one of the major reasons behind Gold touching its highest on 8 January at Rs.4,125 per gram. However, the price of yellow metal fluctuated and as things got better between U.S and China followed by easing of conflict between U.S and Middle East, the price of gold fell as investors turned to riskier assets. The price of gold in Nellore was the lowest on the second day of January 2020 at Rs.3,919. The price of gold for the month of January rose by 3.87%
    • The gold prices in the state of Nellore for the month of February opened at Rs.4,077 per gram due to the reports of outbreak of Covid-19 which resulted in the rise of gold prices. The highest price gold touched was Rs.4,305 on 24 February as Coronavirus impacted the global markets forcing investors to turn towards gold which is considered to be a safe haven. The price of gold fluctuated and touched its lowest on 6 February at Rs.4,030 per gram as stock markets looked up due to monetary policy intervention by the People’s Bank of China. The gold price closed at Rs.4,185 with the overall price of gold for the month of February rising by 2.64%.
    • The month of March saw the gold prices opening at Rs.4,185 per gram and closing at Rs.4,150 per gram. The gold prices touched its highest on 6th March at Rs.4,443 as the outbreak of Covid-19 had severe impact on the performance of global markets forcing investors to turn to gold which is considered to be a safe haven. The price of yellow metal fell on 19th March at Rs.4,026 as investors sold their shares in order to hoard cash as global economy went through a turbulent time. The poor U.S job claims report was one of the major reasons behind the fluctuation of the price of yellow metal throughout the month. Overall, the month of March turned out to be a disappointing month as the overall price of gold in Nellore declined by 0.83%.

    Also Check Gold Price in NearBy Cities of Nellore

    Gold as an investment in Nellore

    Gold bars and coins are widely sold and bought in Nellore. Gold is highly sought-after given its intrinsic value. Many residents in Nellore invest in Gold coins as a hedge against inflation. In many rural areas, the precious yellow metal is more easily accessible and sought-after compared to bank deposits owing to the former being viewed as a robust investment option.

    Physical Gold: There are various jewellery stores in Nellore such as Jain Gold, Shantilal and Sons and Tata Gold Plus among others. Wedding jewellry with intricate designs is much in demand by most consumers in Nellore. Gold rings and various forms of temple jewelry are also much in demand.

    Gold Contracts: The MCX (Multi Commodity Exchange) and NSEL (National Spot Exchange)

    sell spot and future gold contracts in India. MCX Gold contracts are available in two variants - 1 kg and 100 grams (Gold Mini).

    Read more on Gold

    News about Nellore Gold Rate

    • Gold futures prices fall for the second consecutive day on 7 September 2021

      Gold futures prices on MCX in India fell for the second consecutive day on 7 September and were at Rs.47,406 for 10 grams. In the last session, the prices of the yellow metal edged by 0.17%. The main reason for the fall in prices was a weak trend in the international markets. In the international markets, the prices of gold were above $1,800 for an ounce. Spot gold prices jumped and were at $1,826.75 for an ounce. A weak US dollar ensured that the prices of the yellow metal jumped in the international markets.

      8 September 2021

    • Yellow metal trades flat, experts see support at Rs.47,800-47,660

      The prices of gold were almost flat. On the Multi-Commodity Exchange (MCX), the price of gold traded higher at 0.06% at Rs.47,875 for 10 grams. September silver futures dropped 0.02% at Rs.67,831 a kilogram.

      4 August 2021

    • Gold rates on MCX jump by 1.35% over the course of the week

      Gold prices on MCX jumped by 1.35% for the week that ended on 9 July 2021 and were at Rs.47,923 for 10 grams. In the international markets, gold rates jumped by 1.18% for the same week and closed at $1,808 for an ounce. Gold futures prices for the month of August on MCX showed support at Rs.47,500 for 10 grams and resistance at Rs.48,600 for 10 grams. In the international markets, gold prices showed resistance at $1,820/1,850 for an ounce and support at $1,1,760 for an ounce.

      13 July 2021

    • Gold futures slip by around 3 percent on Thursday

      Tracking an overnight crash in global rates, the price of gold plunged in Indian markets on Thursday. On the Multi Commodity Exchange (MCX), gold futures were down about 3 percent to cost Rs.46,880 for every 10 gram. In the international market, the price of the yellow metal recorded a decline of more than 2 percent after the U.S. Federal Reserve signalled it might raise interest rates sooner than expected.

      However, in Asian trade, gold rates pared some of its previous day's losses because of the sharp decline in the rates. Spot gold recorded a drop of 2.2 percent and was trading at $1,772.53 per ounce.

      Silver price was also down in the Multi Commodity Exchange (MCX) and was trading at Rs.67,690 per kilogram. Globally, an ounce was traded for $25.83 after slipping by 4.2 percent.

      17 June 2021

    • Gold prices fall by Rs.101 in Mumbai on 2 June 2021

      Due to a lacklustre trend in the global markets and a weak rupee, gold prices in Mumbai on 2 June 2021 fell by Rs.101 and were at Rs.49,218 for 10 grams. The prices of 22-carat gold, 24-carat gold, and 18-carat gold were at Rs.45,084, Rs.49,218, and Rs.36,914, respectively. The prices mentioned here are exclusive of 3% GST. In the international markets, spot gold prices jumped by $4.91 and were at $1,905.36 for an ounce. Gold futures prices for the month of August jumped by 0.29% and were at Rs.49,620 for 10 grams. Gold futures prices for the month of October jumped by Rs.251 and were at Rs.50,009 for 10 grams.

      3 June 2021

    • Gold futures prices on MCX jump on 6 May 2021

      Gold futures prices for the month of June on MCX jumped by 0.26% and were at Rs.47,122 for 10 grams. The main reason for the increase was the jump in prices in the international markets. On 5 May 2021, gold prices showed a mixed trend. In the international markets, gold futures prices for the month of June were at $1,784.30 for an ounce. The prices of the yellow metal were affected due to a weak dollar and the COVID-19 concerns. Gold futures prices for the month of June on MCX showed support between Rs.46,900 and Rs.46,750 and resistance between Rs.47,050 and Rs.47,250.

      7 May 2021

    • Silver prices decline; gold rates incline to near 2-month high

      In the domestic market, gold prices were trading near the two-month high on 19 April 2021 due to a weaker U.S. dollar value in the market along with lower U.S. Treasury yields. Along with this, the rising number of COVID-19 cases boosted gold prices. However, silver rates declined.

      Gold prices increased by 0.10% on the Multi Commodity Exchange to Rs.47,400 per 10 grams while silver rates dipped by 0.63% to Rs.68,254 per kg. In the spot market, gold prices rose marginally to Rs.46,531 per 10 grams while silver prices also showed a marginal incline by Rs.53 to Rs.67,460 per kg.

      In the global market, spot gold declined marginally by 0.1% to $1,777.33 per ounce. The metal, in the previous week, had hit its highest price since 25 February at $1,783.55 per ounce. Silver prices fell by 0.6% to $25.81 per ounce.

      20 April 2021

    • Gold contracts for June trading low

      Gold contracts for June on the Multi-Commodity Exchange (MCX) traded 0.14% lower to settle at Rs.45,353 for 10 grams while the silver futures for May traded 0.3% lower to settle at Rs.65,070 per kilogram. Internationally, the prices of gold and silver ended on a positive note. June futures for gold was at $1,730.45 per troy ounce. Futures for silver in May were at $25.03 per troy ounce.

      5 April 2021

    • Gold prices show a steady trend in the market ahead of the U.S. Federal Reserve meeting

      Gold prices recorded a steady trend in the international market after the dollar value firmed and investors awaited the outcome of the Federal Reserve’s meeting on the economy.

      Spot gold was trading at $1,730.82 per ounce and U.S. gold futures had fallen marginally by 0.1% to $1,729.60 per ounce.

      18 March 2021

    • Gold trading at steady prices; silver rates show an incline

      Gold contracts for April delivery were trading higher at Rs.46,020 per 10 grams, inclining by 0.6% on the Multi Commodity Exchange. Silver futures for May delivery were also showing a positive trend, rising by 1.1% to Rs.69,541 per kg.

      In the previous week, both gold and silver prices traded at a negative in the international market. Gold futures dipped by 2% and settled at $1,732.45 per ounce while silver prices were trading at $26.67 per ounce. The domestic markets also showed a fluctuating trend in gold and silver prices where gold futures for April were at Rs.45,736 per 10 grams and silver futures for May settled at Rs.68,784 per kg.

      2 March 2021

    • Gold prices dip as the U.S. dollar value rises in the market

      Gold prices eased in the domestic and international markets as the value of the U.S. dollar rose in the market. The U.S. Treasury yields edged higher as well, however; gold prices were still on track for its best week in the last few weeks.

      Spot gold dipped by 0.2% to $1,822.69 per ounce compared to an average incline of 0.6%. U.S. gold futures slipped 0.2% as well to $1,823.30 per ounce.

      With the U.S. government planning to push out a stimulus package to tackle the COVID-19 pandemic and its effect on the economy, gold prices are likely to find support at its lower levels.

      12 February 2021

    • Custom duty on gold and silver to be rationalized

      In the Union Budget 2021-22, Finance Minister Nirmala Sitharaman said that the government would rationalize the customs duty on gold and silver. The decision has been taken to bring down the high price of the precious metals. Sitharaman in her budget speech said that since the customs duty on gold and silver was increased from 10 percent to 12.5 percent in July 2019, the rates have increased sharply. The move to rationalize custom duty has been welcomed by the World Gold Council. It has stated that it should lead to positive outcomes for the gold industry.

      1 February 2021

    • Prices of gold fall on 6 January 2021 due to low demand in the international markets

      Gold futures prices for the month of February on MCX fell on 6 January 2021 due to low demand in the international markets. The demand was low in the international markets as they were awaiting the outcome of the runoff elections in Georgia. Gold futures prices for the month of February on MCX fell by 0.31% and were at Rs.51,561 for 10 grams. A weak dollar ensured that the prices of the yellow metal increased on 4 and 5 January. In the international markets, the prices of gold settled at $1,954.40 for an ounce.

      7 January 2021

    • Gold price today at Rs 52,310 per 10 gm, silver trending at Rs 64,150 a kg

      The price of gold today dropped to Rs.52,310 from Rs.52,540 per 10 gm, while the price of silver traded at Rs.64,150 per kg.

      Gold prices grew Rs.514 to Rs.48,847 per 10 gram in due to a strong global trend and fall in the value of rupee.

      The yellow metal had ended at Rs.48,333 per 10 gram in the previous trade. The price of white metal also surged Rs.1,046 to Rs.63,612 per kilogram from Rs.62,566 per kilogram previosuly.

      16 December 2020

    • Recycling of gold hits eight-year high due to record prices

      Due to the prices of gold increasing, recycling of the precious metal has hit an eight-year high in the quarter that ended on 31 September 2020. In the September quarter, the prices of gold increased by 37% to Rs.45,640 for 10 grams. At the same time last year, the prices of the yellow metal were at Rs.33,329 for 10 grams. In the international markets, gold prices hit record highs at the beginning of August and were at $2,067 for an ounce. The main reasons for the increase in prices were the coronavirus outbreak and the stimulus measures that were introduced by central banks all over the world.

      5 November 2020

    • Gold rates dip and silver prices stand at Rs.61,500

      Gold rates in India had been flat for the second day in a row. On the MCX, the gold rates had traded low as well and had been Rs.50,605 over the previous price at which it had closed, Rs.50,547 per 10 gm. The September futures for silver had been Rs.112 lower and was Rs.61,564 per kg. In the international market, gold had traded in range-bound as there had been hopes for a new U.S. fiscal stimulus package. Spot gold had bene higher by 0.1% and was at $1,900.79 per ounce.

      19 October 2020

    • Gold Futures reach Rs.50,000 amidst strong U.S. Dollar

      Domestic gold and silver prices had dipped as strength in the U.S. dollar had in turn made these metals expensive for all investors who were dealing in other currencies. The Multi Commodity Exchange (MCX) gold futures had dipped by Rs.518 (1.03%) to Rs.50,008. The silver futures had dipped to Rs.59,440 (1.87%) from the previous closing.

      The gold futures had traded by 0.84% lower and reached Rs.50,104 and the silver futures had reduced by 1.16% and reached Rs.59,870.

      8 October 2020

    • Gold price trade lower on Monday

      As investors focused on speeches by Federal Reserve policymakers on the central bank's approach to inflation and stimulus measures, gold price traded lower on Monday. On the Multi Commodity Exchange (MCX), gold October futures slipped by Rs.168 and was trading at Rs 51,547. The yellow metal hit an intraday low of Rs.51,534 for every 10 grams. In the global market, gold held steady aided by a weak dollar. While spot gold climbed to $1,954.65 after recording an increase of 0.3 percent, Comex gold remained flat at $1,952.10 per ounce. US gold futures was trading at $1,959.90. It must be noted here gold has gained nearly 29 percent so far this year as near-zero interest rates globally dented hopes of fast economic recovery from the pandemic.

      21 September 2020

    • Gold and silver futures see a positive trend due to rise in COVID-19 cases

      Gold prices in the international market were trading flat as investors awaited the decision of monetary policy by the European Central Bank. However, the price of the bullion was supported by the constant rise in COVID-19 case all over the world.

      On the Multi Commodity Exchange, the price of the metal increased by 0.32% to Rs.51,568 per 10 grams. Silver prices also increased substantially to cross the Rs.69,000 per kg mark at Rs.69,036 per kg.

      In the spot market, gold prices increased by Rs.287 at Rs.52,391 per 10 grams in New Delhi and the metal had previously closed at Rs.52,104 per 10 grams.

      In the overseas market, gold was priced at $1,944 per ounce, trading marginally lower compared to its previous closing price. Silver was trading at $26.95 per ounce.

      14 September 2020

    • Gold price increases against a weak U.S. dollar

      Gold prices had increased amidst a recovery in the global markets as the U.S. dollar index had retreated from the highs. The U.S. dollar had been trading lower as investors await the release of U.S. home sales data.

      The yellow metal prices had seen a volatility over the last few sessions as the U.S. dollar index had been firm and this made gold a lot more expensive for those holding other currencies.

      27 August 2020

    • Gold prices fall by Rs.4,000 per 10 grams compared to record highs

      In India, gold prices fell due to the constant fluctuation in the international market. Gold futures for October on the Multi Commodity Exchange dropped by 0.4% to Rs.52,036 per 10 grams. Silver prices, on the other hand, increased by 0.4% to Rs.67,050 per kg. In the previous session, gold prices had increased by 0.7% and silver had increased by 0.06%.

      In the previous week, gold prices had crossed the Rs.56,000 per 10-gram mark to hit record highs. On 11 August, gold futures on the MCX had dropped by more than Rs.3,000 due to international trends.

      In the global market, gold prices recorded an increase after dropping by 6% which was the biggest fall of the metal’s price in 7 years. Spot gold was trading at a 1% higher rate at $1,936.29 per ounce. The futures for delivery in December dipped by 1% to $1,930.40 per ounce. Silver was priced at $25.58 per ounce.

      14 August 2020

    • Price of gold falls as U.S. dollar recovers; surge in COVID-19 cases caps the metal's losses

      Gold prices in the international market traded lower at the beginning of the week with a recovering and stronger U.S. dollar value. However, the constant rise in COVID-19 cases all over the world limited the loss of the metal and kept it above the $1,800 per ounce level.

      Spot gold was down by 0.1% at $1,807.80 per ounce and U.S. gold futures were steady at $1,809.70 per ounce.

      The dollar index rose by 0.2% against other currencies which resulted in the lower value of gold for new buyers and making it more expensive for the holders of other currencies.

      According to sources, the U.S. dollar may strengthen its position and that is why investors are shifting away from the bullion market. However, there will be an up-trend for the metal supported by various global factors.

      23 July 2020

    • Gold prices increase on 16 June 2020 after falling for two consecutive days

      Amid mixed global cues, the prices of gold increased in India on 16 June 2020. Gold futures prices for the month of August on MCX increased by 0.35% and are at Rs.47,180 for 10 grams.

      In the previous session, the prices of gold on MCX reduced by 0.64%. The prices of gold have remained volatile in India after hitting record highs of over Rs.48,000 in the month of May. In the international markets, gold rates have struggled to go above the $1,750 for an ounce level. In the international markets, the prices of gold were flat due to a weak dollar. The upside for gold had also been affected due to the rebound in the equities markets. Spot gold prices were flat at $1,725.23 for an ounce. In case any stimulus measures are introduced by Central Banks, Gold usually benefits. The yellow metal is considered as a safe haven against currency debasement and inflation. According to a note given by Kotak Securities, several governments and central banks may release new stimulus measures due to a weak economy. The number of coronavirus cases all over the world has crossed 8 million. The prices of gold in India are inclusive of 3% GST and 12.5% import duty.

      16 June 2020

    • Gold prices show positive trends in the market due to a rise in tensions between China and the U.S.

      On Tuesday, gold prices inched up in the international market due to a sharp rise in the cases of COVID-19 all over the world which resulted in investors shifting to safe-haven assets, thus increasing demand for the metal. The price of the metal showed inclines due to renewed trade tensions between China and the United States of America. On the Multi Commodity Exchange, the price of gold increased by 0.28% to Rs.47,105 per 10 grams whereas, for silver, July futures showed an incline of 1.39% to be priced at Rs.48,927 per kg.

      Due to various factors such as the trade war between China and the U.S. along with the oil trade tensions between Iran and Venezuela, investors have been partial to investing in the bullion market due to increased safe-haven appeal. However, with various factors boosting gold prices, there are various factors such as the reopening of the economy along with equity gains which have kept the gains of gold at bay.

      In the global market, gold prices showed inclines on 26 May 2020 with renewing tensions between China and the United States over subdued demand for the metal in Hong Kong with the renewing economy which had fueled the equities market and put a cap for gold. The value of Spot gold increased by 0.2% to $1,732.38 per ounce and U.S. gold futures were down marginally by 0.1% to $1,733.50 per ounce.

      27 May 2020

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