Gold Rate In Panaji

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

    ₹ 4,575
    Today's Gold Rate (22K) per gram

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

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,575 ₹ 4,565 ₹ 10 ↑
    Standard Gold (22 K) ( 8 grams ) ₹ 36,600 ₹ 36,520 ₹ 80 ↑
    Pure Gold (24 K) ( 1 gram ) ₹ 4,804 ₹ 4,793 ₹ 11 ↑
    Pure Gold (24 K) ( 8 grams ) ₹ 38,432 ₹ 38,344 ₹ 88 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    18 Oct 2021 ₹ 4,575 ₹ 36,600 ₹ 4,804 ₹ 38,432
    17 Oct 2021 ₹ 4,565 ₹ 36,520 ₹ 4,793 ₹ 38,344
    16 Oct 2021 ₹ 4,565 ₹ 36,520 ₹ 4,793 ₹ 38,344
    15 Oct 2021 ₹ 4,625 ₹ 37,000 ₹ 4,856 ₹ 38,848
    14 Oct 2021 ₹ 4,615 ₹ 36,920 ₹ 4,846 ₹ 38,768
    13 Oct 2021 ₹ 4,560 ₹ 36,480 ₹ 4,788 ₹ 38,304
    12 Oct 2021 ₹ 4,560 ₹ 36,480 ₹ 4,788 ₹ 38,304
    11 Oct 2021 ₹ 4,535 ₹ 36,280 ₹ 4,762 ₹ 38,096
    10 Oct 2021 ₹ 4,535 ₹ 36,280 ₹ 4,762 ₹ 38,096
    09 Oct 2021 ₹ 4,535 ₹ 36,280 ₹ 4,762 ₹ 38,096

    Weekly & Monthly Graph of Gold Rate in Panaji (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 Rates in Panaji

    Panaji primary demand for gold is for use as jewelry. Investments are the next greatest demand driver. Despite the importance of the yellow precious metal being more for the sake of ornamentation. It is important to know gold rates in the city located in one of the most pleasant states in India, Goa since the state is very prosperous and there are more than often people who can afford it as a wealth investment in this part of the country. The city is also home to a lot of foreigners and expats mainly dealing with tourism. It is one of the most well known destinations in the country for tourism especially because of its location. Hence, it is important to know the gold rates in this city.

    Trend of Gold Rate in Panaji for August 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    August 1 Rate Rs.4,856 per gram
    August 31 Rate Rs.4,793 per gram
    Highest Rate in August Rs.4,856 per gram on 1st and 2nd August
    Lowest Rate in August Rs.4,725 per gram from 9th to 11th August
    Overall Performance Decline
    Percentage Change -1.29%

    Trend of Monthly Gold Rate in Panaji for August 2021:

    • Gold prices in Panaji for 24 karat opened at Rs.4,856 per gram and remained constant at that price point till 2nd August, which was also the highest price for the entire month.
    • Gold rates in Panaji started declining subsequently and hit the lowest price point on 9th August at Rs.4,725 per gram and remained the same till 11th August.
    • Gold prices in Panaji closed for the month of August at Rs.4,793 per gram.
    • The overall performance of the yellow metal in Panaji in August was on a decline with a percentage change of –1.29%.

    Trend of Gold Rate in Panaji for July 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    July 1 Rate Rs.4,615 per gram
    July 31 Rate Rs.4,856 per gram
    Highest Rate in July Rs.4,891 per gram on 19 July
    Lowest Rate in July Rs.4,615 per gram on 1 July
    Overall Performance Incline
    Percentage Change 5.22%

    Trend of Monthly Gold Rate in Panaji for July 2021:

    • In Panaji, the month of July opened with gold price standing at the rate of Rs.4,615 per gram.
    • The price of gold in Panaji witnessed a fluctuating trend in the city over the next few days. The highest price for the month was Rs.4,856 on 31 July.
    • Gold prices in Panaji recorded its lowest for the month on 1 July when a gram of the 24-karat gold was being traded for Rs.4,615. The overall performance of the yellow metal witnessed an inclining trend wherein the percentage change stood at 5.22%.

    Trend of Gold Rate in Panaji for June 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    June 1 Rate Rs.4,841 per gram
    June 31 Rate Rs.4,613 per gram
    Highest Rate in June Rs.4,862 per gram on 3 June
    Lowest Rate in June Rs.4,610 per gram on 21,26,27, and 28 June
    Overall Performance Decline
    Percentage Change -4.71%

    Trend of Monthly Gold Rate in Panaji for June 2021:

    • The gold rate in Panaji opened at the rate of Rs.4,841 per gram for the month of June 2021. The prices of the yellow metal fluctuated throughout the month.
    • The price of the precious metal touched its lowest on 21 June, and again from 26 June to 28 June at Rs.4,610. Eventually, the price of gold recorded on 30 June was Rs.4,613. Gold touched its highest on 3 June 2021 when it ended at Rs.4,862.
    • There was an overall decline of 4.71% in the performance of gold during the month in Panaji.

    Trend of Gold Rate in Panaji for May 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    May 1 Rate Rs.4,599 per gram
    May 31 Rate Rs.4,820 per gram
    Highest Rate in May Rs.4,841 per gram on 26 May
    Lowest Rate in May Rs.4,599 per gram on 1 May and 2 May
    Overall Performance Incline
    Percentage Change 4.80%

    Trend of Monthly Gold Rate in Panaji for May 2021:

    • In Panaji, the month of May opened with gold price standing at the rate of Rs.4,599 per gram.
    • The price of gold in Panaji witnessed a fluctuating trend in the city over the next few days. The highest price for the month was Rs.4,841 on 26 May.
    • Gold prices in Panaji recorded its lowest for the month on 1 May and 2 May when a gram of the 24-karat gold was being traded for Rs.4,599. The overall performance of the yellow metal witnessed an inclining trend wherein the percentage change stood at 4.80%.

    Trend of Gold Rate in Panaji for April 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    April 1 Rate Rs.4,373 per gram
    April 30 Rate Rs.4,599 per gram
    Highest Rate in April Rs.4,736 per gram on 22 April
    Lowest Rate in April Rs.4,373 per gram on 1 April
    Overall Performance Incline
    Percentage Change 5.16%

    Trend of Monthly Gold Rate in Panaji for April 2021:

    • In Panaji, the month of April opened with gold price standing at the rate of Rs.4,373 per gram.
    • The price of gold in Panaji witnessed a fluctuating trend in the city over the next few days. The highest price for the month was Rs.4,736 on 22 April.
    • Gold prices in Panaji recorded its lowest for the month on 1 April when a gram of the 24-karat gold was being traded for Rs.4,373. The overall performance of the yellow metal witnessed an inclining trend wherein the percentage change stood at 5.16%.

    Trend of Gold Rate in Panaji for March 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    March 1 Rate Rs.4,520 per gram
    March 31 Rate Rs.4,316 per gram
    Highest Rate in March Rs.4,520 per gram on 1 March
    Lowest Rate in March Rs.4,316 per gram on 31 March
    Overall Performance Decline
    Percentage Change 4.51%

    Trend of Monthly Gold Rate in Panaji for March 2021:

    • In Panaji, the month of March opened with gold price standing at the rate of Rs.4,520 per gram.
    • The price of gold in Panaji witnessed a fluctuating trend in the city over the next few days. The highest price for the month was Rs.4,520 on 1 March.
    • Gold prices in Panaji recorded its lowest for the month on 31 March when a gram of the 24-karat gold was being traded for Rs.4,316. The overall performance of the yellow metal witnessed a declining trend wherein the percentage change stood at 4.51%.

    Trend of Gold Rate in Panaji for February 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    February 1 Rate Rs.4,809 per gram
    February 28 Rate Rs.4,484 per gram
    Highest Rate in February Rs.4,809 per gram on 1 February
    Lowest Rate in February Rs.4,484 per gram on 27 and 28 February
    Overall Performance Decline
    Percentage Change -6.75%

    Trend of the Monthly Gold Rate in Panaji for February 2021:

    • The price of gold in Panaji for the month of February opened at Rs.4,809 per gram. However, gold prices decreased by the end of the month and closed at Rs.4,484 for a gram.
    • The highest and lowest rates that the yellow metal hit for the month were Rs.4,809 for a gram and Rs.4,484 per gram, respectively.
    • Gold prices declined by 6.75% over the course of the month in Panaji.

    Trend of Gold Rate in Panaji for January 2021 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    January 1 Rate Rs.4,919 per gram
    January 31 Rate Rs.4,830 per gram
    Highest Rate in January Rs.5,040 per gram on 5 January and 6 January
    Lowest Rate in January Rs.4,778 per gram on 16 January and 18 January
    Overall Performance Decline
    Percentage Change -1.80%

    Trend of Monthly Gold Rate in Panaji for January 2021:

    • Prices of gold in Panaji for the month of January 2021, opened at the rate of Rs.4,919 per gram. It closed the month standing at the rate of Rs.4,830 per gram.
    • The highest price of the yellow metal was recorded on 5 January and 6 January 2021 wherein it stood at the rate of Rs.5,040 per gram. The lowest recorded price was Rs.4,778 per gram. This was recorded on 16 January and 18 January 2021.
    • The overall performance of the precious metal witnessed a decline of –1.80% during the month.

    Trend of Gold Rate in Panaji for December 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    December 1 Rate Rs.4,715 per gram
    December 31 Rate Rs.4,906 per gram
    Highest Rate in December Rs.4,946 per gram on 21 December
    Lowest Rate in December Rs.4,715 per gram on 1 December
    Overall Performance Incline
    Percentage Change 4.05%

    Trend of Monthly Gold Rate in Panaji for December 2020:

    • Gold price in Panaji opened at the rate of Rs.4,715 per gram on 1 December following which it portrayed an inclining trend.
    • The gold rates in Panaji witnessed fluctuations throughout the month. The highest price of the yellow metal was recorded on 21st December 2020 wherein it was being traded at the rate of Rs.4,946 per gram. The lowest recorded price was Rs.4,715 per gram which was recorded on the opening day of the month, i.e., 1st December 2020.
    • The overall performance of the precious metal witnessed an increase of 4.05% during the month of December in Panaji.

    Trend of Gold Rate in Panaji for November 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    November 1 Rate Rs.4,996 per gram
    November 30 Rate Rs.4,736 per gram
    Highest Rate in November Rs.5,135 per gram on 10 November
    Lowest Rate in November Rs.4,772 per gram on 27 November
    Overall Performance Decline
    Percentage Change -5.20%

    Trend of Monthly Gold Rate in Panaji for November 2020:

    • Gold prices in Panaji in the month of November opened at Rs.4,996 per gram. It continued on an upward trend for the next few weeks, reaching the highest rate of Rs.5,135 per gram on 10 November.
    • The gold rate in Panaji started decreasing through the rest of the month and hit the lowest price point of Rs.4,772 per gram on 27 November.
    • The price of gold in Panaji closed for the month at Rs.4,736 per gram.
    • The gold rate in Panaji were on a downward slump through the month of November with an overall percentage change in prices of -5.20%.

    Trend of Gold Rate in Panaji for October 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    October 1 Rate  Rs.5,006 per gram
    October 31 Rate  Rs.4,973 per gram
    Highest Rate in October Rs.5,074 per gram on 23 October
    Lowest Rate in October Rs.4,967 per gram on 30 October
    Overall Performance  Decline
    Percentage Change -0.66%

    Trend of Monthly Gold Rate in Panaji for October 2020

    • Gold rates in Panaji for the month of October opened at the rate of Rs.5,006 per gram for 24 karat gold. There was an increase of Rs.29 per gram in the price of the yellow metal when compared to the closing rate of September.
    • The price of gold in Panaji witnessed a dip on 30th October wherein the recorded price was Rs.4,967 per gram. This was also the lowest recorded price for the month. The highest price was recorded on 23rd October wherein the precious metal was being traded at the rate of Rs.5,074 per gram.
    • The prices of gold gained again on 31st October wherein it stood at the rate of Rs.4,973 per gram. The month of October closed in Panaji with the price of 24 karat gold being traded at the rate of Rs.4,973 per gram. The overall performance of the yellow metal witnessed a dip of -0.66%.

    Trend of Gold Rate in Panaji for September 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    September 1 Rate Rs.5,127 per gram
    September 30 Rate Rs.4,977 per gram
    Highest Rate in September Rs.5,161 per gram on 17 September
    Lowest Rate in September Rs.4,925 per gram on 29 September
    Overall Performance Decline
    Percentage Change -2.92%

    Trend of Monthly Gold Rate in Panaji for September 2020:

    • In Panaji, the month of September opened with gold price standing at the rate of Rs.5,127 per gram.
    • The price of gold witnessed a fluctuating trend in the city over the next few days. The increase in the rates saw gold record its highest price for the month when a gram was retailing for Rs.5,161 on 17 September.
    • Over the rest of the month, gold rate in Panaji remained unsteady and recorded its lowest price for the month on 29 September when a gram of the 24-karat gold was being traded for Rs.4,925. Gold price closed the month at the rate of Rs.4,977 per gram. The overall performance of the yellow metal witnessed a declining trend wherein the percentage change stood at 2.92%.

    Trend of Gold Rate in Panaji for August 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    August 1 Rate Rs.5,313 per gram
    August 31 Rate Rs.5,098 per gram
    Highest Rate in August Rs.5,510 per gram on 9 August
    Lowest Rate in August Rs.5,087 per gram on 27 August
    Overall Performance Decline
    Percentage Change -4.04%

    Trend of Monthly Gold Rate in Panaji for August 2020:

    • Gold prices opened at a strong price of Rs.5,313 in the backdrop of the weakening US dollar and plummeting economic scenario due to the coronavirus pandemic leading to its safe-haven appeal among investors.
    • The highest rate was on 9 August at Rs.5,510 per gram and the lowest rate being Rs.5,087 per gram on 27 August.
    • The overall performance of gold in Panaji was on a decline of –4.04% due to anticipation of the investors for positive measures from the US Federal Reserve to tackle the fallout of the Covid-19 pandemic.

    Trend of Gold Rate in Panaji for July 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    July 1 Rate Rs.4,796 per gram
    July 31 Rate Rs.5,290 per gram
    Highest Rate in July Rs.5,290 per gram on 31 July
    Lowest Rate in July Rs.4,762 per gram 7 July
    Overall Performance Incline
    Percentage Change 10.30%

    Trend of Monthly Gold Rate in Panaji for July 2020:

    • In the month of July, gold price in Panaji opened at the rate of Rs.4,796 per gram. For the rest of the month, the prices generally depicted an upward trend.
    • The demand of the yellow metal increased owing to the current economic condition and witnessed a sharp spike.
    • The month of July ended with the gold price fairing at the rate of Rs.5,290 per gram. This was also the highest price of gold which was recorded in the month of July. Over the month, there was a percentage increase of 10.30% in the performance of gold in Panaji.

    Trend of Gold Rate in Panaji for June 2020 (rates per gram of 24 karat gold)

    Parameter Gold price (24 karat)
    June 1 Rate Rs.4,637 per gram
    June 30 Rate Rs.4,804 per gram
    Highest Rate in June Rs.4,804 per gram on 30 June
    Lowest Rate in June Rs.4,637 per gram on 1 June
    Overall Performance Incline
    Percentage Change 3.60%

    Trend of Monthly Gold Rate in Panaji for June 2020:

    • In the month of June, gold opened at the rate of Rs.4,637 per gram in Panaji. The lowest price of the yellow metal was recorded for the month was the rate at which the metal opened for the month. For the rest of the month, the prices generally depicted an upward trend.
    • The demand of the yellow metal increased manifold as the number of COVID-19 positive cases kept increasing, especially in India and USA. The overall economy and business growth have been stunted owing to the same reason.
    • The month of June ended with the price of the precious metal standing at the rate of Rs.4,804 per gram. This was also the highest rate of the yellow metal which was recorded in the month of June. Over the month, there was a percentage increase of 3.60% in the performance of gold in Panaji.

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

    Parameter Gold price (24 karat)
    May 1 Rate Rs.4,615 per gram
    May 31 Rate Rs.4,637 per gram
    Highest Rate in May Rs.4,709 per gram on 18 and 19 May
    Lowest Rate in May Rs.4,520 per gram on 6, 7, and 8 May
    Overall Performance Incline
    Percentage Change 0.47%

    Trend of Monthly Gold Rate in Panaji for May 2020:

    • In Goa, gold opened at a good price of Rs.4,615 per gram for 24 karat as the appeal for safe-haven investments went up and risk sentiment soured with ricocheting US-China tensions and the threat of new trade tariffs being imposed on China by the US. However, as the week went by, the price of gold took a downturn, hitting the lowest price point in the month at Rs.4,520 per gram on 6,7, and 8 May. This was in response to risk sentiments soaring after the easing of restrictions on the lockdown due to the coronavirus pandemic. With economic activities limping back to normal, the appeal of safe haven investments seemed to be dimming after a long time.
    • Gold continued to hold steady in the second week of May, opening at Rs.4,520 from the previous week. For the next two days it stayed at the same price point of Rs.4,552 and for two days after that again at the same price of Rs.4,547. The economic condition of countries continued to look bleak with the coronavirus pandemic raging around the world. The much-anticipated release of the US jobs data report helped to keep prices of gold steady as investors continued to remain pessimistic around equities. Fears of the resurgence of the virus in a second wave of infections continued to dampen risk appetite and increase the appeal of safe haven investments around the world.
    • The third week of May also saw the highest prices for gold at Rs.4,709 per gram on 18 and 19 May. This was in response to increasing tensions around US and China. However, this was dimmed soon enough with risk appetites soaring once again on the back of successful trials of an early-stage coronavirus vaccine. Fears of a global recession and a strong US dollar, however, continued to keep prices steady.
    • The fourth week of May saw prices going up and down again due to the various political and economic factors at play. It slipped to a price point of Rs.4,670 and remained that way for two days this week. The uncertainty surrounding the US response to China’s passing of a security law in Hong Kong led to an escalation in prices of precious metals as investors scrambled to safe haven investments fearing volatility in the stock markets. However, there was also corresponding fears around the economy not recovering as fast as it needed to in spite of lifting of lockdown restrictions, followed by the coronavirus continuing to rage unabated around the world. All of these factors led to gold having a minimal incline of 0.47% in the price trends in the month of May in Panaji.

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

    Parameter Gold price (24 karat)
    March 1 Rate Rs.4,253 per gram
    March 31 Rate Rs.4,761 per gram
    Highest Rate in March Rs.4,846 per gram on 29 April
    Lowest Rate in March Rs.4,158 per gram from 1 - 20 April
    Overall Performance Incline
    Percentage Change 11.94%

    Trend of Monthly Gold Rate in Panaji for April 2020:

    • In Panaji, gold prices started at Rs.4,253 per gram for 24 Karat. It continued to be at the same price consistently through the rest of the week. The appeal of precious metals as a safe-haven investment increased as a result of the economic downturn due to the coronavirus pandemic. With almost every country under lockdown, affecting the economy severely, Asian and other equity markets suffered losses but the appeal of precious metals only increased in response to this volatility. However, the strong US dollar in response to economic stimulus measures announced by the US Federal Reserve helped to cap the prices of gold from rising exorbitantly. With several other central banks of countries around the world too releasing economic stimulus packages to counter the negative impact of the coronavirus on the economy, the prices of gold continued to hold steady through the economic crisis.
    • In the second week of April, the price of gold continued to hold steady at the same price as the previous week, Rs.4,253 per gram for 24 Karat. However, there was a cautious optimism driving investors back towards equities due to an overall decrease in the coronavirus related death toll. However, this was counter-balanced by increasing fears that the impact of the economic inactivity of more than a month would result in a global recession, which helped to bolster the prices of gold and keep them steady through the second week of April too.
    • The price of gold continued to remain the same, Rs.4,253 per gram for 24 Karat in the third week of April too. However, by the end of the week, it rose abruptly to Rs.4,620. This was in response to US crude oil futures hitting a historic new low which resulted in even more unpredictability in the equities market, thus increasing the appeal of bullions as a safe-haven investment in the event of things becoming even more volatile with the coronavirus. The bleak US payroll data, which only confirmed the negative impact of the coronavirus on the US economy, dimmed the optimism of investors, further raising the price of gold. However, the price of Rs.4,253 per gram for 24 Karat that gold had maintained for nearly 20 days of the month also happened to be the lowest price for gold in April.
    • By the last week of April, the precious metal hit the highest price point of the month at Rs.4,846 per gram for 24 Karat on 29 April. The dollar had weakened by now and the earlier optimism of the US and other economies reopening had dimmed as the coronavirus pandemic continued unabated. This, combined with the low oil prices, contributed to gold’s appeal as a safe-haven investment only increasing as the days went by. This resulted in an overall upward trend for the price of gold in Panaji of 11.94%.

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

    Parameters Gold Price (24 karat)
    March 1 Rate Rs.4,090 per gram
    March 31 Rate Rs.4,053 per gram
    Highest Rate in March Rs.4,368 per gram on 7 March 2020
    Lowest Rate in March Rs.3,953 per gram on 20 March 2020
    Overall Monthly Performance Decline
    Percentage Change -0.90%

    Gold Rate Trend in Panaji for March 2020:

    • On 1 March 2020, the price of gold in Panaji was at Rs.4,090 for a gram. The prices of gold increased in the first week of the month as investors were expecting the US Federal Reserve to reduce the interest rates. Gold hit its highest rate for the month on 7 March 2020 and was at Rs.4,368 per gram.
    • Gold prices were stagnant on the first two days of the second week and were at Rs.4,337 for a gram. However, the prices of gold reduced significantly by the end of the week. On 13 March 2020, the price of gold was at Rs.4,213 per gram. Investors selling their assets for cash due to the coronavirus outbreak ensured that gold prices reduced.
    • In the third week of March, gold prices reduced even further as investors continued to sell their assets. Gold hit its lowest rate for the month of 20 March 2020 and was at Rs.3,953 for a gram. However, gold increased slightly on the next day and closed the week at Rs.4,055 per gram.
    • From 24 March 2020 to the last day of the month, the prices of gold remained stagnant and were at Rs.4,053 for a gram. Various measures were introduced by several central banks to help the economy during the coronavirus outbreak. Overall, the prices of gold in Panaji fell by 0.90% in the month of March.

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

    Parameter Gold price (24 karat)
    February 1 Rate Rs.4,014 per gram
    February 29 Rate Rs.4,195 per gram
    Highest Rate in February Rs.4,232 per gram on 25 February
    Lowest Rate in February Rs.3,956 per gram on 7 and 8 February
    Overall Performance Incline
    Percentage Change 4.50%

    Gold Rate Trend in Panaji for February 2020:

    • In Panaji, the prices of gold for the month of February opened at Rs.4,014 per gram and closed at Rs.4,195 per gram. Overall, gold saw a 4.50% incline in its prices over the course of the month.
    • Gold saw a fluctuation in prices over the first two weeks of the month. The demand for equities and the coronavirus outbreak ensured that the prices fluctuated. During this period, gold hit its lowest rate for the month at Rs.3,956 on 7 February 2020 and 8 February 2020.
    • In the third week of February, the prices of the yellow metal increased. The main reason for the increase in prices was the spread of the coronavirus outside China. The coronavirus outbreak also ensured that the demand for gold was high.
    • In the last week of February, the prices of gold increased in the first few days. Gold hit its highest rate during this period and was at Rs.4,232 on 25 February 2020. However, traders booking profits ensured that gold prices fell over the last four days of the week.

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

    Parameter Gold price (24 karat)
    January 1 Rate Rs.3,860 per gram
    January 31 Rate Rs.4,014 per gram
    Highest Rate in January Rs.4,053 per gram on 9 January
    Lowest Rate in January Rs.3,848 per gram on 2 January
    Overall Performance Incline
    Percentage Change 3.98%

    Gold Rate Trend in Panaji for January 2020:

    • The gold prices in Panaji for the month of January opened at Rs.3,860 per gram after various events such as the outbreak of Coronavirus in China, ongoing tensions in the middle east, and the uncertainty regarding the trade deal between Washington and Beijing played huge roles in the gold prices fluctuating throughout the month.
    • The value of Gold was recorded to be the highest on 9 January. The yellow metal traded for Rs.4,053 in the capital city of Goa. As uncertainties prevailed regarding the trade deal between U.S and China, the investors were compelled to invest more in the precious metal and move away from riskier assets.
    • The yellow metal rates dropped in the city as tensions regarding the tensions between the United States and Iran affected the investors' appetite for higher risk assets. There was renewed optimism among traders as news regarding an interim Sino-U.S. trade deal being on cards propelled the investors to move away from precious metal.
    • Gold closed the first month of 2020 at Rs.3,848 per gram after WHO declared Coronavirus as a global epidemic due to with the overall performance showed an incline of 3.98% in the prices of the precious metal.

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    Gold Investments in Panaji

    When it comes to a safe investment option, Gold is considered to be one of the least riskiest of trading commodities in any market, whether regional or global. In Madhya Pradesh too the yellow metal is considered an investment option that is lower on risk factors, primarily based on the fact that it is highly affordable and culturally significant as mentioned before. Most families find this metal auspicious such as weddings and Dhanteras season. Investors in this part of the country also find it an integral part of their investment portfolio along with stock market and mutual fund investments. Investors have various options for gold trading through gold contracts and physical gold.

    Physical Gold: Jewelleries and ornaments are quite popular in the city and some of the largest jewellers in the country have significant presence in the city. Some of the leading jewellers include Tanishq, Nagvekar and Shobha jewellers. Apart from jewelleries, gold bullion can also be purchased in the city from reputed dealers, while coins can be purchased from dealers and banks. Generally it is a good idea to buy your gold from the banks since they are certified and you can be worry free about their purity. you also get a receipt which you can later use for trading gold for wealth. due to the cosmopolitan and travelling population in Goa, gold is mainly popular among tourists although it is a good idea to be alert about the gold rates in Panaji to avoid being cheated on.

    Market Trade: In Panaji you can purchase gold through the markets, with gold being traded in the National Multi Commodity Exchange, National Commodity and Derivatives Exchange and the Multi Commodity Exchange. This is apt for individuals willing to purchase gold in bulk, with the minimum trading limit being set at 1 kg in general. It's a viable option for people who are well aware of the gold market and all that affects it.

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    News About Gold Rate in Panaji

    • Gold Hits a Three-Week High On Diminishing U.S. Rate Hike Expectations

      Gold hit a three week high after an increase of 1.5% overnight, on Thursday. This increase was helped by fading prospects of an interest rate hike by U.S. Fed along with a weak dollar. Other contributing factors include cautious comments by Janet Yellen, the Fed Chair and non-farm payroll data.Spot gold was quite low at $1,262.28 per ounce whereas U.S. gold increased by 0.2% to hit $1265.20.

      Although there are chances of gold rate increasing, there may be roadblocks on the way according to James Steel, an HSBC analyst. Gold has risen by 19% until now this year and has allowed companies like Barrick Gold to work on expansion and increase their production in new ways for the very first time in a period of five years.

      67.75 tonnes of gold was produced by Russia in the period between January to April which is an increase as compared to the same period the previous year. Dollar index reduced by another 0.1%. Spot palladium and spot platinum were quite flat $559.8 per ounce and $1005.35 per ounce respectively.

      9 June 2016

    • Gold Finally Rises Owing to an Easing Dollar and Weak Asian Stocks

      Gold rates are on the rise, climbing on account of weaker Asian stocks. The dollar is also easing up allowing gold rates to be released from its declining trend. This rise marks the first one in ten sessions. Spot gold steadily rose to $1,217.08 per ounce increasing by 0.2%. U.S. gold climbed to $1,219.8, a 0.2% increase. Bullion increased as well, rising by 0.8%, the biggest one-day gain seen since 13th May 2016.

      A slip in the crude oil rates resulting in the Asian stocks sagging. This dampened the appeal for investors. The Asian market was also dull due to the dollar stalling against the yen and euro. The U.S. economic data has also been like a bag of mixed emotions. The U.S. consumer spending also recorded its highest increase since six years ago. This suggests an incline in economic growth. The U.S. economy is on the path to grow by 2.9% (annualised) in the second quarter of this year. These factors might soon persuade the U.S. Federal Reserve to increase the interest rates in the near future.

      2 June 2016

    • On Bourse Listing, Gold Bonds Predicted to Trade at Premium

      Usually enamoured by the physical metal, gold bonds look set to catch the eye of Indian investors soon, as gold bonds are expected to trade at a premium.

      According to statements released by the Finance Ministry, the first set of gold bonds to be listed n bourses will be by May end. The government has, issued 3 tranches across a 7 months span and has made close to Rs. 1, 300 crore from them.

      The rising gold price along with the easy exit will create interest among investors. Predictions that the bonds will list at premium are founded on the argument that gold itself has risen 20% in the past 4 months and thus the new tranche will probably be valued at Rs. 3000- Rs. 3, 500 for a gram.

      The precious metal’s spot price has risen by 15.1% since November 2015, with the spot MCX being Rs. 29, 850 for 10 grams on 18th May, ’15.

      The first tranche issued had a price of Rs. 2, 682 for a gram, higher than the price of bullion, which led to demand being rather weak.

      The second tranche saw Rs. 726 crore subscription, an increase of Rs. 500 crore as the bond price was Rs. 2, 600 per gram. The third tranche, issued at Rs, 2, 916 per gram only garnered Rs. 329 crore as it was issued in March, when tax planning generally reduces appetite for investments.

      The stamp duty payable for secondary market sales might also be a dampener when it comes to interest in gold bonds, as well as rules that stipulate that they can only be held in dematerialised form.

      19 May 2016

    • Gold Prices Recover as the Value of the Dollar Declines

      Gold prices recovered from a two-week low and the value of the dollar fell slightly as international shares declined, thus rekindling the appetite of investors for gold. The value of spot gold increased by 0.8% to $1277.56 per ounce while US gold for delivery in June increased 1% to $1278.10 per ounce. The value of the dollar fell by 0.5% against a number of other major currencies, making dollar-priced assets like gold less expensive for people who transact in other currencies and opening up the market again after a slow few days.

      12 May 2016

    • Gold Falls Close to Two Week Low on Unyielding Dollar and Equities

      Gold fell to an almost 2 week low post its sharpest drop since March in the initial session as higher equities and a firm dollar reduced appetite for the metal.

      In five out of the previous six sessions, bullion has reduced and has not benefited from the last weeks’ data which shows that the economy in US added the lowest number of jobs in 7 months in the month of April.

      Spot gold was reduced to $1258.1 at 0.4% an ounce after hitting a low of $1257.15 which is the weakest since 28 April. Bullion was reduced by 1.9% which is its sharpest drop in one day since 23 March.

      For June delivery, US gold was reduced by 0.5% at $1261.1 for an ounce. Spot prices have increased by 18% this year and higher rates would boost the dollar while increasing the opportunity cost of holding gold.

      The dollar index saw an increase of 0.2% which i the highest in almost two weeks in the Asian Trading Session.

      Gold, which reached a high of $1303.6 the previous week will not find it easy to cross the $1300 barrier and the physical demand for it is currently poor, according to Tom Kendall, an ICBC Standard Bank analyst.

      The demand for gold in China is not certain and Indian consumption is sluggish said HSBC when asked about the appetite for gold amongst the top two consumers of gold in the world.

      During the annual festival of Akshaya Tritiya, Indians purchased a third less amount of gold as compared to last year due to drought affecting millions of farmers within the country.

      Silver increased by 0.2% to $17.04 for an ounce and platinum increased by 0.7% at $1043.58 an ounce. Palladium reduced by 0.2% to 4584.70.

      11 May 2016

    • Gold futures Trade Lower by Rs. 136 amidst Weak Global Cues

      Amidst profit booking by speculators and a weak global trend, gold futures dipped by Rs. 136 and sold at Rs. 30, 318 per 10 gram on May 4, 2016. Gold for delivery in August was selling lower by 0.45 per cent or Rs. 136 and was set at Rs. 30, 097 per 10 gram. Analysts attribute the decrease in gold futures to weak overseas trend where the gold prices fell for the third consecutive day as dollar swayed on prospects of interest rate increase. In Singapore, gold prices fell by 0.5 per cent to touch $ 1, 279.75 an ounce. Gold prices reached $ 1, 303. 82 on May 4th, 2016, the highest intra - day price since January 2015.

      4 May 2016

    • Experts predict that gold will trade higher

      Gold closed trading on MCX at Rs.30,464 / 10 grams on Friday, a rise of 4.2%. An unexpectedly weaker growth in the US economy was reported, which led to a weakened dollar, and an opportunity for spot gold to jump and close at $1,293.40 / ounce.

      Experts now suggest that gold could trade even higher because of the positive looking reports of manufacturing out of China. The entire Asian market could stand to see a higher gold rate.

      2 May 2016

    • Gold Prices Set To Fall Again

      Gold prices, after 3 consecutive days of loss, stabilised a little on Friday. However, experts believe the prices will decline again as US dollar is gaining and the stock market picking up pace, therefore reducing the need for a safe haven.

      Bullion prices reached a 3-week high on Tuesday but started falling after the global equity market made gains on the back of strong Chinese economic data and oil price hikes.

      Spot gold was stable at $1,228.50 per ounce by 03:08 GMT on Friday, after a decline of 1.3 percent in the previous session. The prices are lower by 1 percent compared to the previous week.

      15 April 2016

    • Rate Outlook Aids in Increasing Gold Prices

      Gold prices increased to their highest over the past three weeks, thereby ensuring that the market is on course for the $1300 per ounce. Scepticism over the US monetary policy and weak economic information played a crucial role in contributing to risk aversion, increasing investor appetite for bullion and other safe-haven assets such as the Japanese Yen among others. The value of spot gold was reported at $1258.70 per ounce, making it the highest value at which gold was traded since the 22nd of March, before dropping marginally to $1255.93.

      12 April 2016

    • Jewellers Strike Causes Losses To Rise to Rs. 40,000 crore

      As a result of the strike by jewellers, the economy has suffered a reported loss of about Rs. 40,000 crores. The strike has now been going on for 40 days and has been called in opposition to the implementation of an excise on gold as a luxury commodity. The excise duty has also been implemented in an effort to stem the flow of black money. Not only has the strike led to a loss in the industry, it has also caused about 200,000 people their jobs since the artisans that work in this industry and are actually daily wage workers. The government had assured the jewellers that a committee would be set up to look into the implications of the excise however no results of such claims have been forthcoming so far. Even the Confederation of All India Traders has lent its support to the strike.

      11 April 2016

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