Gold Rate In Pondicherry Today

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Gold Price in Pondicherry

People in Pondicherry (Puducherry) prefer buying gold for major occasions. It also serves as a type of investment. Gold rates are constantly changing in Pondicherry, one can avail the updated gold rate directly from the dealers in Pondicherry or through the various financial websites. Gold can be used as an asset to get loans from the banks as well.

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

Parameter	Gold price (24 karat)
April 1 Rate	Rs.4,158 per gram
April 30 Rate	Rs.4,664 per gram
Highest Rate in April	Rs.4,759 per gram on 23 April and 24 April
Lowest Rate in April	Rs.4,158 per gram from 1 April to 20 April
Overall Performance	Incline
Percentage Change	12.16%

Trend of Monthly Gold Rate in Pondicherry for April 2020:

• The month of April witnessed a very unusual price trend for gold. On 1 April, gold opened at Rs.4,150 per gram. The price of the yellow metal had remained the same for the next 19 days. From 1 April to 20 April, the price of the precious metal was Rs.4,150 per gram. Being held back by a very firm U.S. dollar, the rates of gold had remained unchanged for most of the month. During these days, investors were waiting for the U.S. non-farm payrolls data as cues on the impact that the coronavirus would have on the economy.
• On 21 April, gold had seen a sudden jump in its price by Rs.490 to Rs.4,640 per gram. The increase in gold prices can be associated with the investors seeking refuge in the safe-haven metal after a huge dip in the oil prices which increased fears over a possible global economic fallout. Most countries had remained under lockdown as the coronavirus continued to have a firm grip over the global economy. On 22 April, the price had skyrocketed by Rs.72 to Rs.4,712 per gram. From 23 April to 27 April, the precious metal saw a lot of fluctuations in its price.
• The economy saw equities firming, and a huge expectation for more economic stimulus measures had limited the losses. There was also an improvement in risk appetite as more stimulus from Japan's central bank had been rolled out and many countries had considered easing their coronavirus-induced restrictions. These were the two main factors that led to the fluctuation in the price of the yellow metal. By 28 April, the prices had dropped by Rs.36 to Rs.4,698 per gram. The month had come to an end with the metal standing at Rs.4,664 per gram.

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

Parameter	Gold price (24 karat)
March 1 Rate	Rs.4,185 per gram
March 31 Rate	Rs.4,150 per gram
Highest Rate in March	Rs.4,443 per gram on 6 March
Lowest Rate in March	Rs.4,026 per gram on 19 March
Overall Performance	Decline
Percentage Change	-0.83%

Gold Rate Trend in Pondicherry for March 2020:

• Gold opened the month of March at Rs.4,185 per gram in Pondicherry. Compared to the previous month’s closing price, the rates remained unchanged. Over the opening week, the rates of the yellow metal were on an upward curve as investors waited for the US Federal Reserve to cut the interest rates in order to balance the effect of coronavirus on the economy.
• Gold prices in Pondicherry slipped after it recorded its highest for the month on 6th March when a gram of the 24-karat gold cost Rs.4,443. The decline in the prices was accounted to traders selling the precious metal to cover margins for stock markets spooked by the global spread of coronavirus and the United States announcing a travel ban from virus-hit Europe.
• The rates fluctuated in the third week as investors kept on selling their assets to convert them into cash even though the European Central Bank took adequate measures to help the economy. Gold recorded its lowest price for the month on 19th March when a gram of the yellow metal was retailed for Rs.4,026.
• Gold prices remained stagnant in Pondicherry from 24 March even though the rates fluctuated in the international market. Gold prices witnessed a declining trend of 0.83% in the Union Territory.

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

Parameter	Gold price (24 karat)
February 1 Rate	Rs.4,077per gram
February 29 Rate	Rs.4,185 per gram
Highest Rate in February	Rs.4,305 per gram on 24 February
Lowest Rate in February	Rs.4,030 per gram on 7 February
Overall Performance	Incline
Percentage Change	2.64%

Gold Rate Trend in Pondicherry for February 2020:

• In Pondicherry, gold opened the month of February at Rs.4,077 per gram. Compared to the previous week’s closing price, the rates increased by Rs.3 for every gram. Over the month, the rates of gold witnessed an incline of 2.64% in the union territory.
• The rates of the yellow metal didn’t see any change in the prices when compared to the closing price of the previous month. Having stayed constant for the next couple of days, the rates slipped in the city and closed the opening week at Rs.3,956 per gram, the lowest recorded price for February.
• In the second week, the rates of gold fluctuated a lot in the city with stocks faltering and the dollar easing from a four-month high. Every gram of the 24-karat gold was sold for Rs.4,008 on 14 February as investors bet on the safe-haven metal to hedge against the economic impact of coronavirus.
• The rates increased from 15 February onwards as the safe-haven demand for gold increased drastically given the increasing number of new coronavirus cases and deaths being reported from outside of China. Gold touched the highest recorded price for the month in the city on 25 February with the metal costing Rs.4,232 per gram.
• In Mangalore, gold closed the month at Rs.4,195 per gram. The overall performance of the metal showed an incline of 4.50% in the prices for the month of February.

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

Parameter	Gold price (24 karat)
January 1 Rate	Rs.3,922 per gram
January 31 Rate	Rs.4,074 per gram
Highest Rate in January	Rs.4,091 per gram on 6 January
Lowest Rate in January	Rs.3,919 per gram on 2 January
Overall Performance	Incline
Percentage Change	3.87%

Gold Rate Trend in Pondicherry for January 2020:

• Gold opened the month of January at Rs.3,922 per gram in Pondicherry after recording a marginal drop when compared to the previous month’s closing price. The rates slipped to its lowest for the month the next day.
• The rates of gold witnessed a lot of fluctuations over the month due to various political and geopolitical reasons. The precious metal recorded its highest in the city on 6 January with every gram being retailed for Rs.4,091 in the city.
• With the outbreak of coronavirus virus, easing tensions in the middle East and uncertainty in the US-Sino trade deal saw constant changes in the prices of the yellow metal in the city. On 21 January, a gram of the 24-carat gold was retailed for Rs.4,028 in Pondicherry.
• As the World Health Organization (WHO) declared the deadly coronavirus as a global epidemic, gold closed the month at Rs.4,074 per gram. The overall performance of the metal showed an incline of 3.87% in the city.

Trend of Gold Rate in Pondicherry for December 2019 (rates per gram for 24 karat gold)

Parameter	Gold price (24 karat)
December 1 Rate	Rs.3,828 per gram
December 31 Rate	Rs.3,925 per gram
Highest Rate in December	Rs.3,925 per gram on 31 December
Lowest Rate in December	Rs.3,771 per gram on 11 and 13 December
Overall Performance	Incline
Percentage Change	2.53%

Gold Rate Trend in Pondicherry for December 2019:

• In Pondicherry, the price of gold in December saw an inclining trend with positive global cues and a steady local demand. However, the major factors which played a role in the fluctuating prices of the metal and late incline were global. The price of the metal on 1 December was Rs.3,828 per gram.
• In the second week of the month, the price of the metal dipped and hit its lowest at Rs.3,771 per gram. As the United States Federal Reserve revised their monetary policy yet again, the investors shifted to the stock market. Another factor which played a role in the dip in prices was investors waiting on developments on the trade deal between the United States of America and China.
• Gold prices saw an incline in the last week of December. With geopolitical tensions between Iran and the U.S. escalating, traders shifted to the bullion due to its safe haven appeal. Moreover, with the United States President Donald Trump being subjected to an impeachment inquiry, gold prices were set to reach new highs.
• In the last week of the month, gold hit its highest price at Rs.3,925 per gram and closed with a percentage incline of 2.53 on 31 December.

Trend of Gold Rate in Pondicherry for November 2019 (rates per gram for 24 karat gold)

Parameter	Gold price (24 karat)
November 1 Rate	Rs.3,892 per gram
November 30 Rate	Rs.3,828 per gram
Highest Rate in November	Rs.3,828 per gram from 1 November
Lowest Rate in November	Rs.3,792 per gram on 28 November
Overall Performance	Decline
Percentage Change	-1.64%

Gold Rate Trend for Pondicherry in November 2019:

• In November, gold prices opened at Rs.3,892 per gram following the US Federal Reserve’s cut in interest rates and continuing uncertainty around the US-China trade deal. This was also the highest price in November.
• The price of gold slipped to Rs.3,792 per gram on 28 November as tensions around the US-China trade deal increased with the US backing the anti-government protestors in Hongkong.
• The overall performance of gold in November was on a decline at –1.64%.

Trend of Gold Rate in Pondicherry for October 2019 (rates per gram of 24 karat gold)

Parameters	Gold price (24 karat)
October 1 Rate	Rs.3,722 per gram
October 31 Rate	Rs.3,857 per gram
Highest Rate in October	Rs.3,872 per gram from 26 October – 27 October
Lowest Rate in October	Rs.3,722 per gram on 1 October
Overall Performance	Incline
Percentage Change	3.62%

Gold Rate Trend in Pondicherry for October 2019:

• In Pondicherry, the price of gold opened the month of October at Rs.3,722 per gram and showed an increasing trend throughout the month. This was the lowest price of the metal for the month and had increased to Rs.3,830 per gram on 5 October.
• The rise in prices was majorly due to investors awaiting clarity on the trade talks between the United States of America and China. By the middle of the month, the precious metal was valued at Rs.3,856 per gram.
• As trade hopes were renewed amongst investors, the price of the metal decreased marginally to Rs.3,849 per gram on 20 October. However, due to Brexit fears and the falling value of the dollar, gold prices showed an upward trend towards the end of the month.
• Gold prices hit the monthly high on 26 October at Rs.3,872 per gram and held steady until 27 October. However, after dipping to Rs.3,836 per gram on 29 October, the metal closed the month at a steady price of Rs.3,857 per gram.

Trend of Gold Rate in Pondicherry for September 2019 (rates per gram of 24 karat gold)

Parameters	Gold price (24 karat)
September 1 Rate	Rs.3,876 per gram
September 30 Rate	Rs.3,783 per gram
Highest Rate in September	Rs.3,953 per gram on 3 September
Lowest Rate in September	Rs.3,762 per gram on 20 September
Overall Performance	Decline
Percentage Change	-10.61%

Trend of Gold Rate in Pondicherry for August 2019 (rates per gram of 24 karat gold)

Parameters	Gold price (24 karat)
August 1 Rate	Rs.3,437 per gram
August 31 Rate	Rs.3,806 per gram
Highest Rate in August	Rs.3,841 per gram on 30 August
Lowest Rate in August	Rs.3,407 per gram on 2 August
Overall Performance	Incline
Percentage Change	11.75%

Also Check Gold Price in Metro Cities

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Trend of Gold Rate in Pondicherry for July 2019 (rates per gram of 24 karat gold)

Parameters	Gold price (24 karat)
July 1 Rate	Rs.3,373 per gram
July 31 Rate	Rs.3,505 per gram
Highest Rate in July	Rs.3,537 per gram on 19 July
Lowest Rate in July	Rs.3,373 per gram on 1 July
Overall Performance	Incline
Percentage Change	3.91%

Trend of Gold Rate in Pondicherry for June 2019 (rates per gram for 24 karat gold)

Parameters	Gold price (24 karat)
June 1 Rate	Rs.3,233 per gram
June 30 Rate	Rs.3,415 per gram
Highest Rate in June	Rs.3,473 per gram on 25 June
Lowest Rate in June	Rs.3,233 per gram on 1 and 2 June
Overall Performance	Incline
Percentage Change	5.62%

Gold Rate Trend in Pondicherry for June 2019:

• Gold prices in Pondicherry opened at Rs.3,233 per gram for the month of June owing to a low demand with the price remaining constant for a few days on weak domestic orders.
• The price of gold continued to increase throughout the week due to ongoing trade conflict between the United States and China.
• The price of the yellow metal was the highest by the end of the month and stood at Rs.3,428 per gram on June 28.
• Overall, the precious metal maintained an incline of 5.2% throughout the month and closed at Rs.3,415 on June 30. The rise in gold prices can be attributed to an increase in demand for gold and the decline of 0.1% of the dollar index by June end.

Trend of Gold Rate in Pondicherry for May 2019 (rates per gram for 24 karat gold)

Parameters	Gold price (24 karat)
May 1 Rate	Rs.3,190 per gram
May 31 Rate	Rs.3,215 per gram
Highest Rate in May	Rs.3,246 per gram on 14 May
Lowest Rate in May	Rs.3,156 per gram on 23 May
Overall Performance	Incline
Percentage Change	0.78%

Gold Rate Trend in Pondicherry in May 2019:

• Gold prices opened at Rs.3,190 per gram on 1 May. Prices slowly declined mid-week and then picked up towards the end of the week due to fluctuations in the US dollar.
• Prices continued to increase in the second week where the highest recoded rate for the yellow metal for the month stood at Rs.3,246 per gram on 14 May. The rise can be attributed to the possible increase in tariff on Chinese goods by the Trump Administration as a result of the increasing trade tensions between the US and China.
• However, the third week of May witnessed the lowest gold rate for the month at Rs.3,156 per gram on 23 May due to low demand from investors for the bullion.
• Gold prices closed relatively high at Rs.3,215 per gram at the end of the month on account of speculations of possible US Federal rate cuts.

Trend of Gold Rate in Pondicherry for April 2019 (rates per gram for 24 karat gold)

Parameters	Gold price (24 karat)
April 1 Rate	Rs.3,189 per gram
April 30 Rate	Rs.3,194 per gram
Highest Rate in April	Rs.3,208 per gram on 9, 27 and 28 April
Lowest Rate in April	Rs.3,161 per gram on 3 April
Overall Performance	Incline
Percentage Change	0.15%

Trend of Gold Rate in Pondicherry for March 2019 (rates per gram for 24 karat gold)

Parameters	Gold price (24 karat)
March 1 Rate	Rs.3,305 per gram
March 31 Rate	Rs.3,200 per gram
Highest rate in March	Rs.3,305 per gram on 1 March
Lowest rate in March	Rs.3,169 per gram on 29 March
Overall Performance	Decline
Percentage Change	-3.17%

Gold rate trend in Pondicherry for March 2019:

• Gold rate in Pondicherry dipped in value at the beginning of the month as the value of the US dollar rose substantially. Uncharacteristically, stocks and equities too dipped in value at the same time. The price of gold on 1st March stood at Rs.3,305 per gram. This was also the highest value of the yellow metal for the month.
• The dollar then declined in value on the 7th in comparison to the Euro as the ECB pushed its decision to hike interest rates. This stunted the growth of the metal due to weak economic conditions.
• On 29th March, gold stood at its lowest point for the month when it was trading at Rs.3,169 per gram. This was influenced by the dollar increasing in value and the economic conditions weakening.
• A percentage decline of 3.17 was recorded for the month of March while it was trading at Rs.3,200 per gram. This was also one of the lowest prices the metal stood at for the month.

Trend of Gold Rate in Pondicherry for February 2019 (rates per gram for 24 karat gold)

Parameters	Gold price (24 karat)
February 1 Rate	Rs.3,326 per gram
February 28 Rate	Rs.3,333 per gram
Highest rate in February	Rs.3,392 per gram on 20 and 21 February
Lowest rate in February	Rs.3,316 per gram on 7 February
Overall Performance	Incline
Percentage Change	0.21%

Gold Rate Trend in Pondicherry for February 2019:

• Declining retail offtake and market volatility capped bullion gains despite gold rates in Pondicherry trading consistently after opening at Rs.3,326 per gram on 1 February.
• Prices fluctuated on conflicting overseas cues, rising to Rs.3,346 per gram on 5 February on steady jeweller demand before dipping to Rs.3,305 per gram on 12 February as investor interest declined.
• Apprehension over the outcome of the upcoming Sino-U.S. trade talks bolstered demand for safe-haven bullion, as gold prices rose to Rs.3,350 per gram on 16 February.
• A weak U.S. dollar also boosted local demand for the metal as gold prices rose to Rs.3,392 per gram on 21 February, but a hawkish Fed Reserve stand saw demand drop as gold closed at Rs.3,333 per gram on 28 February.

Trend of Gold Rate in Pondicherry for January 2019 (rates per gram for 24 karat gold)

Parameters	Gold Price (24 karat)
January 1 Rate	Rs.3,172 per gram
January 31 Rate	Rs.3,321 per gram
Highest Rate in January	Rs.3,326 per gram on 30 January
Lowest Rate in January	Rs.3,172 per gram on 1 and 2 January
Overall Monthly Performance	Incline
Percentage Change	4.69%

Gold rate trend in Pondicherry for January 2019:

• Gold rate in Pondicherry showed positive trends throughout the month of January as the dollar weakened and the demand from jewelers rose.
• The metal in the city opened at Rs.3,172 per gram at the start of the month and went on to gradually increase. On January 15, the yellow metal stood at Rs.3,242 per gram, a Rs.70 increment when compared to the price at the start of the month.
• As global markets took a hit and the dollar plummeted, investors shifted to bullion for investments. At the same time, the rupee strengthened.
• The yellow metal was priced the highest on 30 January when it stood at Rs.3,326 per gram. The month ended with gold in Pondicherry closing at Rs.3,321 per gram with a percentage inline of 4.69%.

Trend of Gold Rate in Pondicherry for December 2018 (rates per gram for 24 karat gold)

Parameters	Gold Price (24 karat)
December 1 Rate	Rs.3,045 per gram
December 31 Rate	Rs.3,165 per gram
Highest Rate in December	Rs.3,192 per gram on 11 December
Lowest Rate in December	Rs.3,045 per gram on 1 December
Overall Monthly Performance	Incline
Percentage Change	3.94%

Gold Rate Trend in Pondicherry for December 2018:

• On the 1st of December, when gold trade began in union territory, Pondicherry, the yellow metal was priced at Rs.3,045 per gram. The rate on the 1st was the lowest for the month, and rates only rose as the days progressed.
• Gold demand this month was on a significant rise as markets were unstable which was then compounded by a weakening rupee.
• On the 11th, gold traded at its highest of Rs.3,192 per gram and continued to remain more or less on par for the remainder of the month.
• When the month came to an end on the 31st, gold rate in Pondicherry was priced at Rs.3,045 per gram and a 3.94% incline in prices were recorded over this 31-day trading period.

Trend of Gold Rate in Pondicherry for November 2018 (rates per gram)

Parameters	Gold price (24 carat)
November 1 Rate	Rs.3,184 per gram
November 30 Rate	Rs.3,045 per gram
Highest Rate in November	Rs.3,191 per gram on 3 and 4 November
Lowest Rate in November	Rs.3,045 per gram on 30 November
Overall Monthly Performance	Decline
Percentage Change	-4.36%

Trend of Gold Rate in Pondicherry for October 2018 (rates per gram)

Parameters	Gold price (24 carat)
October 1 Rate	Rs.3,071 per gram
October 31 Rate	Rs.3,188 per gram
Highest Rate in October	Rs.3,205 per gram on 27 October
Lowest Rate in October	Rs.3,071 per gram on 1 October
Overall Monthly Performance	Incline
Percentage Change	3.80%

Trend of Gold Rate in Pondicherry for September 2018 (rates per gram)

Parameters	Gold price (24 carat)
September 1 Rate	Rs.3,029 per gram
September 30 Rate	Rs.3,074 per gram
Highest Rate in September	Rs.3,090 per gram on 26 and 27 September
Lowest Rate in September	Rs.3,019 per gram on 3 September
Overall Monthly Performance	Incline
Percentage Change	1.48%

Trend of Gold Rate in Pondicherry for August 2018 (rates per gram)

Parameters	Gold price (24 carat)
August 1 Rate	Rs.3,146 per gram
August 31 Rate	Rs.3,082 per gram
Highest Rate in August	Rs.3,165 per gram on 6 and 7 August
Lowest Rate in August	Rs.3,082 per gram on 31 August
Overall Monthly Performance	Decline
Percentage Change	-2.03%

August 2018 - Week 1 (1 - 5):

• The month began with gold in Pondicherry trading at Rs.2,983 per gram on 1 August. Throughout the first week of August, the industrial and investor demand for gold was steady. The US Federal Reserve’s monetary policy meeting also helped gold prices surge during the week.
• As the US dollar strengthened, the rate of the yellow metal in Pondicherry fell to Rs.2,972 per gram and further dipped to Rs.2,956 per gram on 3 August.
• Before the US Fed statement, the value of the US dollar increased against several other emerging currencies. Though this should have affected the gold rate in Pondicherry negatively, it did not affect the price of the metal significantly.
• Gold traded at 2, 973 per gram on 4 and 5 of August in Pondicherry.
• The rate of the metal could increase as the value of the US dollar rose because the demand for the metal from local jewellers and industries remained steady.

August 2018 - Week 2 (6 - 12):

• Trading commenced for the week with the gold rate in Pondicherry holding at Rs.2,968 per gram on the 6 August amid a weak trend overseas.
• During this week, the value of the US dollar dropped as the US employment data indicated a drop in the number of US jobs which affected the nation’s economy negatively. However, this did not affect gold prices in Pondicherry considerably.
• The price of the precious metal fell due to poor demand and traded at Rs.2,967 per gram on 7 August before dipping further to Rs.2,965 per gram on 9 August.
• Strong domestic demand coupled with favourable market cues globally led to the gold price in Pondicherry holding steady at Rs.2,967 per gram on 10 August.
• On the last day of the week, the gold rate increased and the metal was priced at Rs.2,984 per gram on 12 August.

August 2018 - Week 3 (13 - 19):

• The week opened with the gold rate in Pondicherry standing at Rs.2,985 per gram on 13 August with domestic bullion markets capitalising on the previous week’s gains.
• As the US dollar regained lost ground, the price of gold fell in the following days. Gold was priced at Rs.2,968 per gram and Rs.2,940 on 14 and 16 August, respectively.
• Though a slight increase in gold rate was recorded on 15 August when the metal traded at Rs.2,977 per gram, the price of the metal fell the next day.
• Poor trends overseas coupled with declining demand led to gold rate in Pondicherry did not let gold price to rise significantly in the Union Territory.
• Gold closed at Rs.2,946 per gram on 19 August 2018.

August 2018 - Week 4 (20 - 26):

• The price of gold in Pondicherry was relatively higher on 20 August compared to the previous day. On this day, gold was priced at Rs.2,962 per gram. The rise in the gold rate can be associated to the recovering US dollar.
• Positive trend overseas helped the price of the metal in Pondicherry increase. The metal was priced at Rs.2,964 per gram and Rs.2,974 per gram on 21 and 22 August.
• However, due to muted demand from the local industries, gold prices fell to Rs.2,969 per gram and further dipped to Rs.2,968 per gram on 23 and 24 August.
• With President Trump criticizing the US Federal Reserve decision to raise interest rates, the greenback tumbled. This led to investors banking on the bullion during the week.
• The week ended with the gold rate in Pondicherry holding at Rs.3,004 per gram on 25 and 26 August with steady demand from market participants amid positive global cues.

August 2018 - Week 5 (27 - 31):

• A slight dip in gold prices was noted on the first day of week 5 of August. Gold was priced at Rs.2,999 per gram on this day.
• After remaining stable on 18 August, the metal rate in Pondicherry surged as the value of US dollar was losing considerably against a basket other major currencies.
• Gold in Pondicherry rose and traded at Rs.3,012 per gram and Rs.3,026 per gram on 29 and 30 August.
• Due to steady demand for the metal from local jewellers and industrial units, the precious metal managed to record the highest gold rate in Pondicherry for the month on 31 August and traded at Rs.3,036 per gram.
• Pondicherry registered an incline of 1.77% in gold trade during the course of the month.

Trend of Gold Rate in Pondicherry for July 2018 (rates per gram)

July 2018- Week 1 (1-6)

• The month began with the Gold rate standing at Rs.3,059 per gram, a slight drop from the last month which can be associated with the dollar price strengthening.
• Gold prices crept up slightly on 5 July to Rs.3,067 per gram as the dollar dropped slightly, and trade policies regarding the Federal Reserve increasing interest rates created tension in the economy.
• Gold rates rose marginally over the following few days as the dollar eased ahead of the Federal Reserve's policy meeting (Fed Minutes) for July.
• The Gold rate for Pondicherry rose considerably at the end of the week as it stood at Rs. 3,071 per gram.

July 2018- Week 2 (7-13)

• The precious metal started off at Rs.3,014 at the beginning of Week 2, a slight increase from the end of last week, that can be associated to a slight decline in dollar rates.
• In spite of the dollar weakening, Gold rates in Pondicherry stood steady for the next few days at Rs.3,008 per gram from 8 - 10 July.
• The price of the metal in Pondicherry declined further caused due to an increased dollar while the trade spat between China and the USA escalated. The metal’s price on 12 and 13 July stood at Rs.3,036 and Rs.3,028 per gram respectively.
• The price of the metal in Pondicherry, at the end of Week 2, remained at Rs.3,028 per gram.

July 2018- Week 3 (14-20)

• Gold price in Pondicherry commenced at Rs.3,029 at the start of Week 3, a marginal increase when compared to the price of the metal at the end of Week 2.
• The dollar price continued to climb, which did not have a substantial effect on the gold price in Pondicherry for the coming few days. As on 14 July up to 17 July, the Gold rate stood at around Rs.3,029 per gram.
• Even weak demand for the precious metal unaffected its rate in Pondicherry.
• US dollar dropped from a three-week high on 19 July, which surprisingly lead to the detriment of Gold rates in Pondicherry. It stood at Rs.2,997 per gram on 19 July.
• At the end of the week, the Gold rate in Pondicherry stood at Rs.2,997 per gram.

July 2018- Week 4 (21-31)

• The week started off with the Gold price in Pondicherry amounting to Rs.3,018 per gram, a considerable increment from the end of Week 3.
• US dollar declined to a two-week-low on 23 July, which surprisingly decreased the Gold prices marginally in Pondicherry. The Gold rate on 23 July stood at Rs.3,014 per gram.
• On 24 July the US treasury yields rose, which led to the decrement of Gold rates in Pondicherry. The Gold rate stood stagnant at Rs.2997 per gram.
• On 26 July, the Gold rate increased which can be linked to a slip in the US dollar after the President of USA, Donald Trump and European Commission President Jean-Claude Juncker agreed to work towards eliminating trade barriers. The price of Gold in Pondicherry stood at Rs.3,009 per gram.
• The Gold rate then deteriorated further, and at the end of the month, the price in Pondicherry was recorded at Rs.2,986. The percentage change of Gold rate in Pondicherry was recorded to be -2.38%.

Trend of Gold Rate in Pondicherry for June 2018 (rates per gram)

June 2018 - Week 1 (1 - 10):

• The month began with gold in Pondicherry priced at Rs.3,100 per gram on the 1st with steady local demand from industries, jewellers and retailers amid positive market trends.
• With the US jobs and payrolls’ data indicating a significant rise in US jobs contributing to the nation’s economy during the month of May, the US dollar index surged. This led to prices dropping over the next two days.
• Poor trend overseas coupled with reduced investor demand led to gold in Pondicherry being priced at Rs.3,089 per gram and Rs.3,081 per gram on the 3rd and the 4th respectively.
• However, gold rate in Pondicherry picked up pace over the next few days as the dollar weakened ahead of the G7 summit.
• Prices rose to Rs.3,088 per gram on the 6th before surging further to Rs.3,103 per gram on the 8th with investors and market participants capitalising on the weakened greenback.
• The dollar dropped considerably after President Trump accused other heads of the G7 participating nations of inappropriate trade practices. This led to gold price in Pondicherry rising to a monthly high of Rs.3,119 per gram on the 9th.
• Trading concluded for the week with gold in Pondicherry finishing at Rs.3,119 per gram on the 10th with strong investor demand brought about by favourable market trends overseas.

June 2018 - Week 2 (11 - 17):

• The week opened with gold rate in Pondicherry holding at Rs.3,105 per gram on the 11th with domestic bullion markets capitalising on the previous week’s gains.
• However, with the US dollar index regaining lost ground against other apex currencies, demand for the metal dropped. This led to gold in Pondicherry being priced at Rs.3,103 per gram on the 13th.
• Thanks to an increase in demand from local industries, jewellers and retailers, gold price in Pondicherry rebounded to Rs.3,110 per gram on the 14th.
• Demand stabilised towards the end of the week and gold rate in Pondicherry was recorded holding at Rs.3,095 per gram on the 17th with steady domestic demand amid firm overseas trends.

June 2018 - Week 3 (18 - 24):

• When trading began for the third week, gold price in Pondicherry was recorded holding at a relatively lower figure of Rs.3,087 per gram on the 18th amid the rising dollar and equities market.
• Though rates rebounded to Rs.3,098 per gram on the 19th, investor demand for the metal declined as the US greenback dominated against other apex currencies over the next couple of days.
• Gold in Pondicherry was recorded trading at Rs.3,060 per gram on the 22nd with domestic demand capped by the strong US dollar index and well-performing equity markets.
• Trading closed for the week with gold trading at Rs.3,069 per gram on the 24th following a slight increase in local demand from jewellers and retailers.

June 2018 - Week 4 (25 - 30):

• The last week opened with gold in Pondicherry trading at Rs.3,070 per gram on the 25th with subdued but steady demand from local industries and jewellers amid the strong US dollar index.
• The US dollar index rose considerably over the next couple of days with market participants speculating ahead of the US Federal Reserve’s monetary policy meeting.
• Gold rate in Pondicherry was recorded holding at Rs.3,061 per gram on the 27th amid the weak trend overseas.
• The 29th witnessed gold price in Pondicherry plummeting to Rs.3,054 per gram - the lowest recorded monthly figure - as the US dollar dominated against a basket of other apex currencies amid positive market cues.
• The month came to an end with gold in Pondicherry finishing at Rs.3,054 per gram on the last day, recording a decline of 1.48% in gold prices during the course of the month.

Trend of Gold Rate in Pondicherry for May 2018 (rates per gram of 24 karat gold)

May 2018 - Week 1 (1st - 6th):

• Trading opened for the month in Pondicherry with gold prices holding at Rs.3,114 per gram on the 1st as demand was steady.
• In the international market, gold rates reached near 4-month lows as poor demand and a rising dollar gave a tough time for gold investors.
• The 3rd saw prices plummeting to Rs.3,103 per gram - the lowest recorded monthly figure - as domestic demand subsided amid the weak global cues.
• The week ended with the yellow metal trading at Rs.3,136 per gram on the 6th as demand was steady from local jewellers and retailers.

May 2018 - Week 2 (7th - 13th):

• The second week began on the 7th with gold opening at Rs.3,136 per gram. This dropped to Rs.3,133 per gram on the 8th before going up slightly to Rs.3,134 per gram on the 9th.
• The US dollar dropped and gold demand rose after the latest inflation data was released. The metal traded at Rs.3,142 per gram by the 10th due to this.
• This further rose to Rs.3,166 per gram by the 12th after the dollar rose further as the inflation data helped gold hit further heights.
• The remaining few days saw gold continue at Rs.3,166 per gram as demand was steady from local investors.

May 2018 - Week 3 (14th - 20th):

• The third week began in Pondicherry with gold trading at Rs.3,147 per gram - a Rs.13 surge - as it was becoming clear that the Fed Reserve may not hike the interest rates in the upcoming meeting.
• This caused gold demand to rise after the dollar dropped and after a slowdown was witnessed in the stock markets.
• On the 15th, the yellow metal traded at a monthly high rate of Rs.3,213 per gram as demand saw unprecedented growth.
• The previous day’s high rates seemed anomalous because a significant drop was recorded on the 16th when the precious metal traded at Rs.3,120 per gram.
• With the dollar strengthening to reach close to its highest figures for the year, gold rates dropped further to Rs.3,105 per gram. This was because global demand slowed down, which in turn caused local sales to drop.
• As sales was steady in the local market, gold traded at Rs.3,105 per gram on the 18th as well. This then rose to Rs.3,124 per gram on the final day of the week, thanks to political uncertainties in the US and Europe fueled the demand.

May 2018 - Week 4 (21st - 27th):

• During the fourth week, gold rates were on a slight incline before declining slowly as the week progressed.
• On the 21st, the yellow metal was priced at Rs.3,113 per gram, which remained the same on the next day as well.
• The 23rd saw gold rates rise to Rs.3,125 per gram as domestic demand rose despite a fall was recorded in the global market.
• Prices went up on the 24th as well - to Rs.3,137 per gram - after the Fed minutes was released and the US dollar dropped soon after.
• With no Fed rate hike on the horizon, the dollar dropped further, which in turn pushed gold prices up to Rs.3,146 per gram on the 25th.
• As the dollar recovered, gold prices retreated. The yellow metal was seen trading at Rs.3,133 per gram over the final two days of this week.

May 2018 - Week 5 (28th - 31st):

• The final week of May saw gold prices incline despite starting at a low point. On the 28th, the precious metal was priced at Rs.3,1,06 per gram.
• This rose to Rs.3,122 per gram the next day before continuing at the same rate over the remaining days of the week.
• When the month ended, the metal was priced at Rs.3,122 per gram and a 0.24% change in price trends was recorded this month.

Trend of Gold Rate in Pondicherry for April 2018 (rates per gram for 24 karat gold)

April 2018 - Week 1 (1st - 7th)

• At the start of April, gold prices rose in Pondicherry on the back of a weak dollar, driven primarily by renewed trade tensions between the United States and China.
• On 1 April, the yellow metal was priced at Rs.3,072 per gram. On 3 April, the gold rate in Pondicherry rose to Rs.3,091 per gram as the markets fell over worsening U.S-Sino trade relations.
• The gold price in Pondicherry fell slightly towards the end of the week with the U.S expressing its willingness to resolve its trade fight with China. The price on 5 April was Rs.3,066 per gram.
• The equity markets recovered further as dollar strengthened ahead of U.S jobs data, although the price rose to Rs.3,075 per gram on 7 April.

April 2018 - Week 2 (8th - 15th)

• The start of the second week was marked by a relatively stable gold price. However, the heightened geopolitical tensions eventually led to an increase in the prices of the safe-haven asset.
• On 8 April, the price of gold was Rs.3,075 per gram as equity markets recovered and dollar made small gains.
• On 12 April, the prices rose dramatically to Rs.3,129 per gram. The demand for gold rose because of a combination of geopolitical factors.
• Gold price in Pondicherry fell to Rs.3,106 on 13 April after the Federal Reserve signalled more hike in rates.
• This cooling in price was soon followed by a sharp spike. On 15 April, the gold rate in Pondicherry rose to Rs.3,142 per gram after the airstrikes in Syria by the U.S.

April 2018 - Week 3(16th - 22nd)

• As the third week began, the gold price fell to Rs.3,124 per gram. The markets were still volatile as the investors examined the consequences of the strikes in Syria.
• The gold price in Pondicherry rose to Rs.3,153 per gram on 19 April as the local demand received a boost from a weakened U.S Dollar.
• The prices were on a downward trajectory as the week progressed, with the price on 21 April being Rs.3,146 per gram.
• On 22 April, the price rose slightly to Rs.3,151 per gram.

April 2018 - Week 4(23rd - 30th)

• The start of the final week of April was marked by a dip in gold rate in Pondicherry owing to rising U.S Treasury yields and the easing of geopolitical concerns.
• The safe-haven asset was priced at Rs.3,140 per gram on 23 April.
• A rise in demand led to a slight increase in the price of gold, with the gold rate on 25 April being Rs.3,146 per gram.
• This rise was followed by a sharp drop as the U.S Treasury yields continued to rise. As the dollar strengthened, the price of gold on 27 April was Rs.3,129 per gram.
• The prices well further at the end of the month as the possibility of easing tensions between the North Korea and the U.S strengthened the dollar.
• The price on 30 April was Rs.3,123 per gram. The price of the safe-haven asset rose by 1.66% in the month of April.

Trend of Gold Rate in Pondicherry for March 2018 (rates per gram for 24 karat gold)

March 2018 - Week 1 (1st - 4th)

• When the month of March began, gold was priced at Rs.3,043 per gram. This then surged to Rs.3,049 per gram by the 3rd as equity markets were a little weak.
• On the 4th, gold rates in Pondicherry surged to Rs.3,068 per gram, owing to a new tariff brought about by the Trump administration, which the markets didn’t respond kindly to.
• This tariff was imposed on imports of steel and aluminium, which caused a massive furore.

March 2018 - Week 2 (5th - 11th)

• Gold opened at Rs.3064 per gram on the 5th before falling to Rs.3,054 per gram as a strong US dollar kept gold investors at bay.
• As markets got whiff of the impending trade war between the US and China, among other countries, gold rates went up to Rs.3,074 per gram on the 7th.
• Due to a weak local demand, gold prices slipped down to Rs.3,061 per gram on the 8th, while it was steady internationally.
• Prices dipped to Rs.3,047 per gram on the 9th before surging back to Rs.3,067 per gram as the US dollar slid amid poor wage gains.

March 2018 - Week 3 (12th - 18th)

• This week commenced with gold trading at Rs.3,057 per gram amid low local demand, while the dollar rose globally ahead of strong jobs data.
• Gold prices fell to Rs.3,047 per gram on the 13th, due to a strong dollar before rising to Rs.3,062 per gram on the 14th as US President Trump fired Rex Tillerson, which brought uncertainty to the market.
• On the 15th, rates dipped to Rs.3,056 per gram as the demand went down ahead of the latest Fed Reserve meeting.
• Prices decreased considerably this week, before stabilising to end at Rs.3,040 per gram at the time of closing on the 18th.

March 2018 - Week 4 (19th - 25th)

• On the 19th, gold was seen trading at Rs.3,030 per gram at the time of opening.
• This surged to as high as Rs.3,067 per gram on the 22nd as demand was on the rise, owing to a fall in the US dollar.
• Gold traded at Rs.3,081 per gram on the 23rd before rising further the next couple days amidst a fall in equity markets.
• The precious metal’s rates were recorded at Rs.3,105 per gram on the final day of this week, after the Fed Reserve concluded.

March 2018 - Week 5 (26th - 31st)

• When the final week of March began in Pondicherry, gold was priced at Rs.3,095 per gram.
• This rose to Rs.3,098 per gram on the 27th before dropping to Rs.3,084 per gram on the 28th, owing to a rise in the US dollar.
• Gold rates further fell to Rs.3,067 per gram as the dollar continued to rise, which put a halt to poor global cues.
• The penultimate day of this month saw gold rates dip - albeit marginally - to Rs.3,066 per gram before rising to Rs.3,072 per gram on the final day.
• Gold price trends recorded at 0.95% incline this month, thanks to a strong rise in demand towards the final few days.

Trend of Gold Rate in Pondicherry for February 2018 (rates per gram for 24 karat gold)

February 2018- Week 1 (1st - 4th)

• Demand for gold in Pondicherry was relatively stable in the first week of February, with the metal trading at Rs.3,040 per gram on 1 February on consistent demand from local jewellers.
• Gold Price in Pondicherry shot up to Rs.3,071 per gram on 2 February as the dollar fell sharply, resulting in a steady rise in orders from both local as well as overseas buyers.
• Gold rate in Pondicherry regularised as the week progressed, with the price of gold falling to Rs.3,050 per gram at the end of the week.

February 2018- Week 2 (5th - 11th)

• Trading opened with gold priced at Rs.3,035 per gram on 5 February as demand fell sharply following a rally by equity markets.
• Positive U.S. non-farm data expectations led to a rise in the dollar rate, which led to a sharp drop in demand for gold.
• Gold price in Pondicherry fell to Rs.3,003 per gram on 8 February, the lowest rate for the month as local demand stagnated, echoing trends seen overseas.
• The precious metal recovered some of its value as the week progressed, trading at Rs.3,018 per gram on 9 February as local industrial demand bolstered prices.
• The week ended with gold rate in Pondicherry rising marginally to trade at Rs.3,023 per gram on 11 February.

February 2018- Week 3 (12th - 18th)

• A marginal rise in the price of gold was observed as the third week began, with the precious metal trading at Rs.3,025 per gram on 12 February.
• There was a steady rise in price as markets fluctuated due to geopolitical tensions destabilizing the dollar, with gold rising to Rs.3,030 per gram on 13 February.
• Higher sales due to Valentines Day led to gold price in Pondicherry jumping to Rs.3,103 per gram on 14 February, but slipped as the days progressed due to lower trade volumes.
• Local demand was more or less consistent, with industrial demand keeping gold rate in Pondicherry steady.
• Gold dropped to Rs.3,074 per gram on 16 February but recovered on 18 February to trade at Rs.3,096 per gram due to market turbulence.

February 2018- Week 4 (19th - 25th)

• A resurgent equity market and declining demand led to gold price in Pondicherry falling in the fourth week in Pondicherry.
• Gold was priced at Rs.3,083 per gram on 19 February but saw a steady drop in price throughout the week as local demand all but stalled due to high import rates.
• A bull run by markets and relatively stable geopolitics led to a decline in demand for gold, which traded at Rs.3,054 per gram on 22 February.
• The dollar, spurred on by positive market performance, continued its stable run as global demand for bullion fell on poor demand by investors.
• A slight recovery in the price of god was observed as the week drew to a close, with the metal trading at Rs.3,067 per gram on 25 February.

February 2018- Week 5 (26th - 28th)

• The last week of February saw demand for gold rise marginally due to a renewal of tensions, between North Korea and the United States, which led investors to gold as a safe haven asset.
• The precious metal opened the week at Rs.3,069 per gram on 26 February and remained constant the following day due to steady demand from jewellers.
• A drop in price was recorded as the month ended, with gold trading at Rs.3,046 per gram on 28 February to record a marginal increase in price of 0.19%.

Trend of Gold Rate in Pondicherry for January 2018 (rates per gram for 24 karat gold)

January 2018 - Week 1 (1st - 7th):

• When trading began for the month of January 2018 in Pondicherry, gold was priced at Rs.3,009 per gram.
• Gold continued to trade at Rs.3,009 per gram on the 2nd before rising to Rs.3,014 per gram on the 3rd due to a slightly improved demand from jewellers and other investors.
• The yellow metal traded at Rs.3,000 per gram on the 4th as the market awaited the jobs data from the US, which pushed prices down.
• However, the anticipated data turned out to be much worse than expected which caused gold price in Pondicherry to surge on the 5th and the metal traded at Rs.3,015 per gram.
• Gold rate in Pondicherry surged further to Rs.3,021 per gram on the 6th as the US dollar lost out against a whole lot of the other apex currencies.
• When the week ended, gold was seen trading at Rs.3,021 per gram as strong cues helped rates remain steady.

January 2018 - Week 2 (8th - 14th):

• Gold prices had fallen to Rs.3,015 per gram when markets opened on the 8th, owing to poor weekend cues.
• The next day, i.e., the 9th saw gold price in Pondicherry bounce back up to Rs.3,021 per gram before going down to Rs.3,009 per gram on the 10th, courtesy of an improving dolar.
• On the 11th, gold traded at Rs.3,030 per gram as positive trend overseas helped the yellow metal trade on a high.
• Gold rate in Pondicherry went up again on the 12th to Rs.3,045 per gram as a weak equity market and a weaker US dollar helped gold climb.
• The following day gold rates went up to Rs.3,048 per gram as demand continued to rise while hitting record highs.
• Gold demand went further up to trade at Rs.3,068 per gram on the final day of the week as sales rocketed.

January 2018 - Week 3 (15th - 21st):

• The third week began with gold selling at Rs.3,071 per gram as there was a slight improvement in demand.
• As investor sentiments remained strong and as trends from the overseas market remained steady, gold rate in Pondicherry rose to Rs.3,086 per gram on the 16th.
• The US dollar seemed to rise and improve its stance against other currencies. This led to gold rates dropping to Rs.3,082 per gram on the 17th of the month.
• On the 18th, gold traded at Rs.3,061 per gram as sellers backed out amid poor cues from the overseas market.
• The 19th saw gold rate in Pondicherry rise slightly to Rs.3,064 per gram and surged again to Rs.3,084 per gram on the 20th as investor speculation regarding the direction of the US economy pushed safe-haven demand.
• Gold traded at Rs.3,084 per gram when the week came to an end on the 21st of the month

January 2018 - Week 4 (22nd - 28th):

• When trading commenced on the 22nd of the month, the yellow metal traded at Rs.3,078 per gram.
• On the 23rd, gold price in Pondicherry rose to Rs.3,087 per gram as the US dollar started to weakened against other currencies.
• As demand remained steady local investors including jewellers and others, gold was still priced at Rs.3,087 per gram.
• The US greenback touched record low figures on the 25th and gold reached near 16-month highs in the bullion market. The metal traded at Rs.3,129 per gram over the course of this day.
• The US dollar seemed to gain over the next day and gold saw brief declines in its prices.
• When the week concluded, gold rate in Pondicherry had dropped to Rs.3,043 per gram.

January 2018 - Week 5 (29th - 31st):

• Gold price in Pondicherry were holding at Rs.3,043 per gram when the fifth week of January began on the 29th.
• On the 30th, prices dropped to Rs.3,030 per gram as demand took a hit owing to rising dollar.
• As the US Fed Reserve meeting was on its way, gold rate in Pondicherry declined as anticipation regarding an interest rate hike rose.
• Gold traded at RS.3,045 per gram on the final day of January 2018.
• Gold price trends rose by 1.19% this month, thanks to an increased demand from investors which was brought about by a poor US dollar.

Trend of Gold Rate in Pondicherry for December 2017 (rates per gram for 24 karat gold)

December 2017 - Week 1 (1st to 10th)

• When trading commenced in Pondicherry, the precious metal was priced a Rs.2,982 per gram on the 1st amid the strengthening US dollar and firmer equity markets.
• The dollar, however, lost its ground after the landmark US tax reform plan hit a roadblock in the US Senate. This led to gold price in Pondicherry rising to Rs.3,002 per gram on the 2nd.
• The US dollar soon recovered from the precious days’ losses after the US Senate decided to pass the Republican tax reform bill setting aside differences between the House and Republicans. This led to gold rate in Pondicherry plummeting to Rs.2,971 per gram on the 4th amid the poor global trends.
• The 6th saw gold prices dropping further to Rs.2,962 per gram with markets cautious ahead of the US Federal Reserve’s monetary policy meeting.
• Rates plunged to Rs.2,942 per gram the next day before plummeting to Rs.2,917 per gram on the 8th due to the strengthening US dollar and well performing equities in the global market.
• Prices, however, recovered to Rs.2,927 per gram on the 9th with domestic jewellers and retailers ramping up purchases in order to meet the ongoing wedding season demand towards the end of the week.
• The week concluded with the bullion prices holding firm at Rs.2,927 per gram on the 10th.

December 2017 - Week 2 (11th to 17th)

• The week began with the bullion priced at Rs.2,911 per gram on the 11th following a decline in domestic demand from the previous week.
• The 12th saw gold rate in Pondicherry dropping to Rs.2,908 per gram before plunging further to Rs.2,903 per gram on the 13th amid the strong US dollar index. This was also the lowest recorded monthly figure in Pondicherry.
• However, the US Federal Reserve’s decision to raise its benchmark interest rates had a negative impact on the equities market. This led to the US dollar falling and the precious metal was recorded trading at Rs.2,924 per gram on the 14th.
• Demand couldn’t keep up against the recovering US dollar over the next couple of days. This led to gold rates plunging to Rs.2,917 per gram on the 16th.
• When trading concluded for the week, the yellow metal was recorded trading at Rs.2,927 per gram on the 17th with a slight increase in domestic demand from jewellers, retailers and industries.

December 2017 - Week 3 (18th to 24th)

• Gold was priced at Rs.2,923 per gram on the 18th when trading opened for the third week.
• Prices surged to Rs.2,928 per gram the following day after the US greenback lost against a basket of other emerging currencies with traders and stockists mulled over the final outcome of the US tax system overhaul on the US economy.
• Strong global cues coupled with an increased local demand for the metal led to gold rate in Pondicherry surging to Rs.2,931 per gram on the 20th.
• With the Asian stock markets failing amid the new US tax cuts, investors gravitated towards investments considered safer such as gold and silver. This led to gold prices rising to Rs.2,933 per gram and Rs.2,935 per gram on the 21st and the 22nd respectively.
• On the 23rd, strong domestic demand amid the positive overseas trends led to rates surging to Rs.2,956 per gram.
• The rest of the week saw the bullion prices remaining unchanged at Rs.2,956 per gram with steady domestic demand for the metal.

December 2017 - Week 4 (25th to 31st)

• The last week opened with the yellow metal trading at Rs.2,947 per gram on the 27th amid the strengthening US dollar.
• The 26th, however, saw gold rate in Pondicherry rebounding to Rs.2,956 per gram with the greenback losing against other apex currencies in the international markets.
• Positive investor sentiments coupled with steady domestic demand led to gold prices touching Rs.2,974 per gram on the 27th which rose further to Rs.2,985 per gram the next day.
• On the 30th, gold rates in Pondicherry hit their highest recorded monthly figure of Rs.3,015 per gram amid the strong global trends that pushed demand higher for the metal.
• Steady demand from local jewellers and retailer amid the positive overseas trends led to the bullion prices holding at Rs.3,015 per gram on the last day.
• Pondicherry registered a profit of 1.10% in gold trade during the course of the month.

Trend of Gold Rate in Pondicherry for November 2017 (rates per gram for 24 karat gold)

November 2017 - Week 1 (1st to 5th)

• Gold was priced at Rs.2,988 per gram on the first week of November in Pondicherry.
• As the week progressed gold price Pondicherry dipped gradually as the local demand for the yellow metal among jewellers, retailers and buyers declined.
• Amid the strong US dollar index and firm equity market, gold rate in Pondicherry kept edging down and touched Rs.2,979 on 3rd of November.
• The poor global trends as well as diminished demand from the buyers kept the metal’s prices on the lower side and under the control of the buyers.
• Due to the weak trend overseas, the precious metal lost its lustre and was traded at Rs.2,977 per gram for continuously two days.

November 2017 - Week 2 (6th to 12th)

• The second week commenced on the same note as that of the last week due to the poor demand from the industry, with metal traded at Rs.2,974 per gram, recording the month’s lowest.
• As the dollar gained stability against all the other major emerging currencies, gold price in Pondicherry jumped up by Rs.21 per gram. Firm equity market also increased the gold’s price abruptly.
• On 8th November 2017, the metal’s price was Rs.3,002 per gram. The steady rise in the price was owing to the positive trend overseas that influenced the local buyers positively.
• As the week progressed, prices went more up for most of the week due to the poorly performing dollar and weaker equities.
• On 9th November, the gold was priced Rs.3,008 per gram only to surge up to Rs.3,015 per gram, which continued on to the next day amid steady global demand for the metal.
• Rising uncertainties on the possibilities that the US Federal Reserve may raise its benchmark interest rates in December pushed up the metal’s price, closing the week at Rs.3,015 per gram.
• The unpredictable instability in the US market coupled with ascending demand from the Asian continents led gold rates inch up throughout the week.

November 2017 - Week 3 (13th to 19th)

• The week started with the metal trading relatively lower at Rs.3,014 per gram due to a drop in domestic demand, and later touched Rs.3,007 per gram on 14th of November.
• The rising geopolitical tension pulled the investors interest onto commodity market increasing the appeal of the gold as a safe-haven asset.
• As the global demand surged, gold rate in Pondicherry unexpectedly stepped up and touched Rs.3,018 per gram
• Amid the weak global trend, gold was traded at a steady rate due to the strong US treasury.
• On 13th November gold price in Pondicherry plunged down to Rs.3,004 per gram only to rise up by Rs.27 per gram to reach Rs.3,031 per gram. The ongoing conflict between Saudi Arabia and Iran again rebounded the gold’s rate.
• As the week ended, gold’s traded steadily at Rs.3,031 per gram due to the continued political tension in Middle East. This was the highest across the entire month.

November 2017 - Week 4 (20th to 26th)

• The dollar as well as the equity market regained its lost stability exponentially resulting in gold price in Pondicherry to plummet and trade at stable rate as the week began.
• While on the beginning of the week gold was priced Rs.3,025 per gram, but dropped down to Rs.3,004 per gram on the second day of the week.
• The downfall in gold’s demand due to the high bullion’s price in the last week stabilised as the fourth week progressed.
• Gold rate in Pondicherry went up slightly due to the rising demand for gold among the buyers, retailers and jewellers.
• In spite of the strong global trend, the bullion’s price plummeted to Rs.3,012 per gram on 24th November.
• Over the week, gold rate fluctuated dramatically due to the continued uncertainty in the commodity market and resulted gold to be traded at Rs.3,014 per gram on the last two days of the week.

November 2017 - Week 5 (27th to 30th)

• As the month was about to end, the demand for the metal declined as US President Trump decided to impose a new Tax reform policy.
• The looming tension among the investors resulted the gold price in Pondicherry to slip to Rs.3,011 per gram on 27th November.
• Further, the delay in the Tax reform policy plunged the yellow metal’s price to Rs.3,008 per gram and was traded steadily the following day.
• As the month was about to end, the strong dollar index coupled with firm equity market declined the gold rate in Pondicherry as low as Rs. 2,992 per gram. Overall there has been an incline in the gold rate in Pondicherry in the month of November.

Trend of Gold Rate in Pondicherry for October 2017 (rates per gram for 24 karat gold)

October 2017-Week 1 (1st to 8th)

• Gold opened at Rs.3,040 per gram in Pondicherry, and dropped drastically over a period of 4-5 days.
• The subdued demand from the retailers and stockiest for the fifth consecutive session declined the metal’s price by Rs.43 per gram, with gold priced the month’s lowest on 6 October.
• As the dollar gained stability, the gold rates in Pondicherry dropped prompting buyers to buy more gold. Moreover, the finance minister’s move on sovereign gold bond scheme further dropped the gold’s price.
• The fall in the gold rate in Pondicherry, was also due to the falling demand of gold owing to the factors like strengthening of dollar rat and strong equity markets.
• At the end of the first week gold was priced Rs.3,017 per gram.

October 2017-Week 2 (9th to 15th)

• The price was on the rise as the local demand prior to the Diwali session was high, with gold traded at Rs.3,027 per gram on the first day of week 2.
• There was fluctuation in the price as the week progressed, with the government’s decision to relax the KYC norms just before the upcoming dhanteras sale.
• The rising geopolitical tension landed the gold to be traded at Rs.3,041 per gram on 12 October and further declined the metal’s rate to Rs.3,031 per gram.
• Gold prices in Pondicherry rose by Rs.28 per gram and for the last two days of the week the price remained stable, with gold sold at Rs.3,059 per gram.

October 2017-Week 3 (16th to 22nd)

• The week commenced with the precious metal traded at Rs.3,048 per gram. However, there has been drop in the price as the demand for the metal was less during this festive season with buyer’s changing investment to property and automobiles.
• For three consecutive days there has been steep fall in the gold’s price and halted at Rs.3,021 per gram on 19 October.
• Amid the festive season, the steep fall in price was due to the US dollar gaining the momentum.
• On 20 October, the bullion’s price rose to Rs.3,026 per gram, as the nuclear prowess of North Korea put US economy in volatility.
• The rates spiked slightly on 22 October to Rs.3,027 per gram due to the growing uncertainty in the bullion market.

October 2017-Week 4 & Week 5 (23rd to 31st)

• The last week show a drastic fall in the gold’s rate and in fact three days of the week including 27, 30 and 31 October had the report of gold traded at lowest rate. The rate at which bullion was traded was Rs.2,997 per gram.

• The aftermaths of Hurricane IRMA and Harvey inched the gold rate to Rs.3,006 per gram on 28 October and helped the gold rate to be steady on 29 October.
• With the month nearing to an end, the gold rates dropped again and was priced Rs.2,997 per gram, as the US dollar gained stability.

Trend of Gold Rate in Pondicherry for September 2017 (rates per gram for 24 karat gold)

September 2017 - Week 1 (1st-10th)

• Gold rates in Pondicherry opened on a flat note as a result of subdued demand from investors and retailers.
• The yellow metal traded at Rs.2,995 per gram on the 1st.
• Gold price in Pondicherry rose marginally to Rs.2,997 per gram on the 2nd. Steady demand resulted in prices remaining the same the next day.
• Global markets failed as overseas relations with North Korea worsened. This led to gold trading at Rs.3,081 per gram on the 4th.
• However, the sudden spike in prices could not sustain and prices dropped to Rs.3,068 per gram on the 5th.
• The 6th witnessed gold rates surge to Rs.3,087 per gram as North Korea announced its most powerful nuclear test.
• However, prices dropped to Rs.3,079 per gram on the 7th as purchases lessened.
• On the 8th, gold rates surged to Rs.3,102 per gram - the highest recorded price for the month of September - as safe haven investments saw a rise.
• Gold traded at Rs.3,095 for the remainder of the week with steady demand.

September 2017 - Week 2 (11th-17th)

• The second week witnessed gold price in Pondicherry rise when the week began, but poor global cues led to a fall in trade as.
• The precious metal was trading at Rs.3,074 per gram on the 11th after the US dollar regained its value.
• Gold rate in Pondicherry slid to Rs.3,055 per gram on the 12th as domestic investors and retail jewellers reduced purchases.
• With Hurricane Irma having taken its toll on the US economy, the US dollar value collapsed. This led to an incline in demand for the precious metal and rates rose to Rs.3,068 per gram on the 13th.
• Prices dropped to Rs.3,051 per gram on the 14th due to poor global demand for the metal.
• However, prices reached Rs.3,061 per gram on the 15th as local demand boosted gold sales in the city.
• Prices remained unchanged at Rs.3,061 per gram for the rest of the week with stable domestic demand for the yellow metal.

September 2017 - Week 3 (18th-24th)

• Gold was priced low at Rs.3,035 per gram on the 18th, when the week began.
• Gold price in Pondicherry dropped to Rs.3,030 per gram the next day in the wake of the US Federal Reserve meeting.
• Local demand for the metal increased with the festive season coming up. This led to gold trading at Rs.3,045 per gram on the 20th.
• Gold rate in Pondicherry dropped to Rs.3,026 per gram on the 21st as demand declined against the strong US dollar.
• However, rising tensions between the US and North Korea encouraged safe-haven investments and gold prices rose to Rs.3,030 per gram on the 22nd.
• With steady demand for the metal on the next two days, prices remained untouched at Rs.3,030 per gram.

September 2017 - Week 4 (25th-30th)

• The last week in Pondicherry started with gold trading at Rs.3,030 per gram on the 25th.
• Rise in local demand coupled with the US dollar failing resulted in prices rising to Rs.3,072 per gram on the 26th.
• The dollar, however, gold price in Pondicherry rose the next day and prices dropped to Rs.3,051 per gram on the 27th.
• The recovery of the US economy resulted in subdued festive demand and gold rate in Pondicherry went down to Rs.3,030 per gram on the 28th.
• Gold trade was affected hugely after positive festive purchases in the previous days came to a halt. This led to gold trading at Rs.3,028 per gram on the 29th.
• However, demand for the precious metal increased significantly and gold was priced at Rs.3,040 per gram on the last day.

Where can you Buy Gold in Pondicherry?

There are many dealers in Pondicherry. Some of the major gold dealers are Bombay Jewellers, Tanishq, Khazana Jewellery, Sri Guru Jewellers, Adhiparasakthi Jewellery, Narayana Jewellers, Maneesh Jewellery, Lalitha Jewellers, Priya Jewellers, Joyalukkas, Ganesh Jewellers, GRT Thanga Maligai Jewellers, etc. The jewelers will offer gold in the form of ornament, coins, bars and in any other customized form that the customers requires.

Gold as an Investment:

Gold can be bought in the form of jewelry, gold coins, gold bars and invested with the banks.

Jewelry - Indians purchase gold during major occasions such as wedding, festivals etc. But the gold rate will reduce in value when you resell the ornament. The ornaments have heavy making charge and hence when you wish to resell the ornament, the jeweler will deduct the making charges.

Gold Coins - This is the common form of owning gold. The rates are based on its weight and on its supply and demand. The gold coins will be available in various weight options. You can sell the gold coin back to the jeweler. The banks also sell gold coins, but they will not buy it back from you.

Gold bars - They are the most traditional way of investing in gold. This can be traded in the international markets as well.

Invest in Gold Funds - Gold can be invested with the SBI Gold Fund as an open ended fund. The investment is in units of SBI Gold Exchange Traded Schemes. You can benefit from exposure to the gold asset class without having a demat account.

You can also buy mutual funds that owns gold which makes the buying and selling quite easy.

Also Check Gold Price in NearBy Cities of Pondicherry

Also Check Petrol Price and Diesel Price in Pondicherry

Read more on Gold

• Importance of Akshaya Tritiya in India
• Gold and Devaluation – A Relationship
• Hallmark, KDM and 916 Varieties of Gold
• Tips for Buying Gold Jewellery

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