Gold Rate in Pune

The Gold rate in Pune is determined by different factors such as local demand for the metal, the rupee-dollar relationship and geopolitical factors. Though the majority of Gold demand in Pune is for industrial use, its use in jewellery and ornaments is also quite high. Detailed information on Gold prices in Pune can be found below.
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  • Today's Gold Rate in Pune ( 16 Sep 2019 )
    ₹ 3,650
    Today's Gold Rate (22K) per gram
    Compare Gold Rate In Pune (Today & Yesterday)
    Today
    (16 Sep 2019)
    Yesterday
    (15 Sep 2019)
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 3,650 ₹ 3,650 ₹ 0 ↑
    Standard Gold (22 K) ( 8 grams ) ₹ 29,200 ₹ 29,200 ₹ 0 ↑
    Pure Gold (24 K) ( 1 gram ) ₹ 3,833 ₹ 3,833 ₹ 0 ↑
    Pure Gold (24 K) ( 8 grams ) ₹ 30,664 ₹ 30,664 ₹ 0 ↑
    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    16 Sep 2019 ₹ 3,650 ₹ 29,200 ₹ 3,833 ₹ 30,664
    15 Sep 2019 ₹ 3,650 ₹ 29,200 ₹ 3,833 ₹ 30,664
    14 Sep 2019 ₹ 3,660 ₹ 29,280 ₹ 3,843 ₹ 30,744
    13 Sep 2019 ₹ 3,680 ₹ 29,440 ₹ 3,864 ₹ 30,912
    12 Sep 2019 ₹ 3,730 ₹ 29,840 ₹ 3,917 ₹ 31,336
    11 Sep 2019 ₹ 3,730 ₹ 29,840 ₹ 3,917 ₹ 31,336
    10 Sep 2019 ₹ 3,730 ₹ 29,840 ₹ 3,917 ₹ 31,336
    09 Sep 2019 ₹ 3,750 ₹ 30,000 ₹ 3,938 ₹ 31,504
    08 Sep 2019 ₹ 3,750 ₹ 30,000 ₹ 3,938 ₹ 31,504
    07 Sep 2019 ₹ 3,785 ₹ 30,280 ₹ 3,974 ₹ 31,792

    Weekly & Monthly Graph of Gold Rate in Pune

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    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Gold Price in Pune

    Pune has transformed itself from an educational hub to a cosmopolitan city in the last few years and is now considered as an excellent destination for safe investments. Gold, has been the preferred choice of investment in India regardless of the prevailing gold rate, making it a commodity which is always in demand. Pune boasts of a qualified, professional crowd, one which has the money and wisdom to invest in gold.

    With no gold mine in Pune, residents depend on gold supplied from other cities in India and exported gold to cater to their needs. This would mean that the gold here is a bit more expensive compared to places which produce gold. Gold rate in Pune change on a daily basis, keeping into account world gold rates and market trends.

    Pune is considered one of the best destinations in India for safe-haven investments such as gold. Despite the surging gold prices, people’s participation in the bullion trade has not been deterred in the city. However, there are a lot of questions left unanswered that are related to the precious metal. So, here is a detailed explanation aimed at covering every possible topic that relates to the bullion and its investment in Pune.

    Gold can be bought in either the 22 Karat form or the 24 Karat form and the gold rates vary depending on the purity and quantity of gold present in an item. 22 karat gold is about 92% pure, making it less expensive than 24 karat gold, which is 99.99% pure.

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

    Parameters Gold price (24 karat)
    September 1 Rate Rs.3,953 per gram
    September 8 Rate Rs.3,938 per gram
    Highest Rate in September Rs.4,011 per gram on 6 September
    Lowest Rate in September Rs.3,938 per gram on 8 September
    Overall Performance Decline

    September 2019- Week 1 (1-8):

    • Gold prices in Pune opened higher at Rs.3,953 per gram on rising jeweller demand and positive overseas trends, with prices climbing to Rs.3,980 per gram on 4 September.
    • Despite a steady dollar, the precious metal rose to Rs.4,011 per gram on 5 September after poor U.S. industrial data dented the dollar.
    • Talks of an economic stimulus and possible trade negotiations between the U.S. and China buoyed equities and the dollar as gold fell to Rs.3,938 per gram on 8 September.

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

    Parameters Gold price (24 karat)
    August 1 Rate Rs.3,575 per gram
    August 31 Rate Rs.3,953 per gram
    Highest Rate in August Rs.4,010 per gram on 27 August
    Lowest Rate in August Rs.3,575 per gram on 1 August
    Overall Performance Incline
    Percentage Change 10.06%

    August 2019- Week 1 (1-11):

    • There was a steep rise in gold prices in Pune despite the metal opening unchanged at Rs.3,575 per gram as bullion demand soared on economic uncertainty.
    • The yellow metal climbed to Rs.3,670 per gram on 5 August after the announcement of additional U.S. tariffs on Chinese goods, though a weak rupee capped some gains.
    • Prices rose to Rs.3,791 per gram on 8 August as global recession fears ramped up demand for bullion, with the metal ending the week at Rs.3,806 per gram.

    August 2019- Week 2 (12-18):

    • There was a steep rise in gold prices in Pune despite the metal opening unchanged at Rs.3,575 per gram as bullion demand soared on economic uncertainty.
    • The yellow metal climbed to Rs.3,670 per gram on 5 August after the announcement of additional U.S. tariffs on Chinese goods, though a weak rupee capped some gains.
    • Prices rose to Rs.3,791 per gram on 8 August as global recession fears ramped up demand for bullion, with the metal ending the week at Rs.3,806 per gram.

    August 2019- Week 3 (19-25):

    • After opening unchanged at Rs.3,864 per gram on 19 August, gold rates in Pune dropped to Rs.3,843 per gram on 20 August on weak local demand due to rising import costs.
    • Prices remained static for a few days despite fluctuations in the dollar rate and steady overseas demand, with the yellow metal rising to Rs.3,864 per gram on 24 August.
    • There was a steep rise in price following the Federal Reserve meeting, with bullion once again in demand as gold traded at Rs.3,948 per gram on 25 August.

    August 2019- Week 4 (26-31):

    • A weak rupee and positive overseas cues resulted in gold rates in Pune opening higher at Rs.3,948 per gram and rising to a monthly high of Rs.4,010 per gram on 27 August.
    • Retail demand was sluggish due to the high cost of imports which resulted in prices dropping to Rs.3,953 per gram on 28 August.
    • Despite steady overseas demand, local offtake remained static as the precious metal ended the week unchanged at Rs.3,953 per gram to record a rise of 10.06% over the course of the month.

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

    Parameters Gold price (24 karat)
    July 1 Rate Rs.3,486 per gram
    July 28 Rate Rs.3,575 per gram
    Highest Rate in July Rs.3,607 per gram from 25-27 July
    Lowest Rate in July Rs.3,434 per gram on 2 and July
    Overall Performance Incline

    July 2019- Week 1 (1-7):

    • Gold rates in Pune opened unchanged at Rs.3,486 per gram but dipped to Rs.3,434 per gram on 2 July as investors reduced interest ahead of the release of U.S. jobs data.
    • Local demand was steady but a marginal rise in the dollar rate saw retail sales fall, though industrial offtake was steady as the precious metal traded at Rs.3,512 per gram on 4 July.
    • The U.S. Independence holiday and rising political tensions between the U.S. and Iran kept prices static, though gold rose to Rs.3,528 per gram when the week ended on 7 July.

    July 2019- Week 2 (8-14):

    • Weak local demand resulted in gold rates in Pune opening unchanged at Rs.3,528 per gram on 8 July as industrial demand failed to boost local offtake.
    • Positive U.S. jobs data also dampened demand as the metal dropped to Rs.3,507 per gram on 11 July but fortuned were reversed as the metal surged to Rs.3,560 per gram on 12 July on renewed rate cut indications.
    • Despite interest in bullion being steady overseas, weak local demand and a recovering U.S. dollar resulted in the metal ending the week at Rs.3,528 per gram.

    July 2019- Week 3 (15-21):

    • Fluctuating equity markets and a drop in the dollar rate bolstered gold prices in Pune after the metal opened the week at Rs.3,528 per gram.
    • Prices rose to Rs.3,549 per gram on 17 July despite overseas interest falling marginally, as local jewellers and retailers increased offtake due to favourable market cues.
    • Weak U.S. jobs data and uncertainty over Middle East tensions increased bullion’s appeal as the precious metal roe to Rs.3,570 per gram and stayed steady the week ended on 21 July.

    July 2019- Week 4 (22-28):

    • Steady local jeweller demand saw gold rates in Pune open at Rs.3,570 per gram on 22 July but a recovery in the dollar rate capped gains as prices remained constant for a few days.
    • Expectations of an economic stimulus and lowered interest rates boosted bullion as prices surged to Rs.3,607 per gram on 25 July, with local retail demand and jeweller orders rising.
    • Investors reduced offtake as they awaited the results of the Federal Reserve’s upcoming policy meeting and this dented local demand as well, leading to prices falling to Rs.3,575 per gram on 28 July.

    July 2019- Week 5 (29-31):

    • Gold prices in Pune did not see much change as the week began, opening at Rs.3,575 per gram on 29 July as investors and jewellers alike kept demand steady.
    • Despite global uncertainty due to the escalation in Sino-U.S. trade tensions, there was no fluctuations in price.
    • The end of the month saw the metal continue to trade at Rs.3,575 per gram on 31 July, recording a rise of 2.55%.

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

    Parameters Gold price (24 karat)
    June 1 Rate Rs.3,302 per gram
    June 30 Rate Rs.3,486 per gram
    Highest Rate in June Rs.3,533 per gram on 26 and 27 June
    Lowest Rate in June Rs.3,302 per gram on 1 and 2 June
    Overall Performance Incline
    Percentage Change 5.57%

    June 2019- Week 1 (1-9):

    • Financial uncertainty over the threat of further tariffs against Mexico saw gold rates in Pune take a cue from global investors as the metal opened at Rs.3,255 per gram before surging to Rs.3,302 per gram on 2 June on a rise in local retail sales.
    • A fall in the dollar rate increased local industrial and retail demand, as the precious metal rose to Rs.3,308 per gram on 4 June, remaining constant for a few days on conflicting overseas cues.
    • A possible Fed Reserve interest cut and looming tensions with Iran drive equities lower as investors switched to bullion, with the yellow metal surging to Rs.3,339 per gram on 9 June.

    June 2019- Week 2 (10 - 16):

    • The price of gold in Pune at the start of week 2 stood at Rs.3,339 per gram on the 10th. This was the same price that gold traded at the end of week 1.
    • As the US dollar began to decline during the week, the price of the metal inclined to Rs.3,376 per gram on the 13th.
    • The US dollar then began to soar as the week ended. This did not affect the price of the metal. At the end of week 2, gold traded at Rs.3,376 per gram.

    June 2019- Week 3 (17-23):

    • Gold rates in Pune surged after opening unchanged at Rs.3,376 per gram on 17 June as steady local demand and positive overseas cues bolstered bullion interest.
    • Prices surged to Rs.3,397 per gram on 18 June and remained constant till 21 June as increased jeweller offtake kept prices stable, though poor retail demand capped potential gains.
    • U.S.-Iran tensions increased gold’s safe-haven appeal, with investors increasing bullion demand as the U.S. dollar fell on news of interest rate cuts. The metal surged to Rs.3,486 per gram on 23 June.

    June 2019- Week 4 (24-30):

    • Gold rates in Pune opened at a static Rs.3,486 per gram on 24 June and remained constant for a few days on muted retail demand due to rising prices.
    • The precious metal rose to Rs.3,533 per gram on 26 June as fresh U.S. sanctions against Iran and war rhetoric rattled equities and increased bullion’s safe-haven appeal.
    • Prices stabilised and dropped to Rs.3,486 per gram on 28 June, remaining unchanged for the rest of the week.

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

    Parameters Gold price (24 karat)
    May 1 Rate Rs.3,281 per gram
    May 31 Rate Rs.3,255 per gram
    Highest Rate in May Rs.3,291 per gram on 20 May
    Lowest Rate in May Rs.3,213 per gram on 4 May
    Overall Performance Decline

    May 2019- Week 1 (1-5):

    • Steep drops were recorded in gold rate in Pune despite the metal opening the week at a relatively steady Rs.3,281 per gram on 1 May, as declining local offtake impacted prices severely.
    • Encouraging economic data from the U.S. and China saw investors switch to equities from bullion as the gold traded lower at Rs.3,255 per gram on 2 May.
    • Gold price in Pune plunged to Rs.3,213 per gram on 4 May as local jeweller and retail demand slipped sharply on a resurgent U.S. dollar rate.
    • The end of the week saw a marginal recovery as local demand rose ahead of the wedding season as gold closed the week at Rs.3,229 per gram on 5 May.

    May 2019- Week 2 (6-12):

    • In spite of positive overseas trends and steady local demand, gold price in Pune did not see much improvement after opening the week at Rs.3,229 per gram on 6 May.
    • The ongoing trade crisis and renewed tensions with Iran resulted in higher bullion demand and a surge in overseas offtake boosted prices to Rs.3,245 per gram on 9 May.
    • Demand continued to remain steady as the week progressed as equity markets sank after the implementation of new trade tariffs, resulting in gold rate in Pune to Rs.3,255 per gram on 10 May and continuing to climb to Rs.3,276 per gram when the week ended on 12 May.

    May 2019- Week 3 (13-19):

    • In spite of positive overseas trends and steady local demand, gold price in Pune did not see much improvement after opening the week at Rs.3,228 per gram on 13 May.
    • The ongoing trade crisis and renewed tensions with Iran resulted in higher bullion demand and a surge in overseas offtake boosted gold rate to Rs.3,248 per gram on 16 May.
    • Demand continued to remain steady as the week progressed as equity markets sank after the implementation of new trade tariffs, resulting in gold rising to Rs.3,257 per gram on 18 May and continuing to climb to Rs.3,277 per gram when the week ended on 19 May.

    May 2019- Week 4 (20-26):

    • Plunging overseas interest due to a rise in investor risk sentiment saw gold rate in Pune open at Rs.3,292 per gram on 20 May, though sharp drops in industrial offtake pushed prices lower to Rs.3,255 per gram on 22 May.
    • Bullion’s value was dented further as the ongoing U.S.-China trade spat impacted Asian offtake, though consistent local jeweller demand kept prices steady for a few days.
    • Rising rhetoric between the U.S. and Iran rattled equity markets and led investors to once more seek support in bullion’s safe-haven appeal, as gold ended the week at Rs.3,245 per gram.

    May 2019- Week 5 (27-31):

    • Despite steady local demand, poor industrial offtake and a stable U.S. dollar resulted in gold prices in Pune opening at a static Rs.3,245 per gram on 27 May.
    • A marginal rise in overseas demand due to continued uncertainty over the U.S.-China trade crisis bolstered gold offtake but sharp dips in local demand kept local prices static.
    • Gold rose to Rs.3,255 per gram on 29 May but fluctuating local demand resulted in the metal ending the month unchanged, recording an overall loss in the yellow metal’s value.

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

    Parameters Gold price (24 karat)
    April 1 Rate Rs.3,266 per gram
    April 28 Rate Rs.3,297 per gram
    Highest Rate in April Rs.3,297 per gram on 28 April
    Lowest Rate in April Rs.3,245 per gram on 20 and 21 April
    Overall Performance Incline

    April 2019 - Week 1 (1-7):

    • Gold rate in Pune did not see much fluctuation as local demand kept prices stable for most of the week after the metal opened at Rs.3,266 per gram.
    • Prices remained constant for a few days on steady retail demand before weak overseas cues and a rising U.S. dollar rate resulted in gold prices falling to Rs.3,255 per gram on 5 April.
    • Despite a rise in overseas interest in bullion as a hedge against inflation due to weak U.S. economic data, there was no change in price and the precious metal ended the week at Rs.3,255 per gram on 7 April.

    April 2019 - Week 2 (8-14):

    • There were significant fluctuations in gold rate in Pune as a strong U.S. dollar rate capped local demand, with the metal opening at Rs.3,255 per gram on 8 April.
    • Rising overseas interest in bullion due to fears of slowing global economies boosted gold price to Rs.3,281 per gram on 9 April, with prices remaining constant for a few days.
    • Better than expected Chinese manufacturing data and a rise in the dollar rate dented demand for bullion as the precious metal dropped to Rs.3,266 per gram on 14 April.

    April 2019 - Week 3 (15-21):

    • Gold price in Pune got off to a static start, trading unchanged at Rs.3,266 per gram on 15 April before a global drop in bullion offtake saw rates drop to Rs.3,255 per gram on 16 April.
    • Weak industrial demand and positive signs from Sino-U.S. trade talks bolstered the U.S. dollar, as local demand for the yellow metal remained poor.
    • A rise in Chinese economic figures encouraged investor interest in equities, as bullion lost its safe-haven appeal and fell sharply as the week ended, trading at Rs.3,245 per gram on 21 April.

    April 2019- Week 4 (22-28):

    • A steady U.S. dollar rate capped gains as the week began, resulting in gold rate in Pune opening at a static Rs.3,245 per gram on 22 April but market fluctuations saw prices surge to Rs.3,266 per gram on 23 April.
    • A rise in bond yields and strengthening equities resulted in investors moving away from bullion as prices dropped to Rs.3,250 per gram on 25 April.
    • Lacklustre U.S. GDP data once again boosted bullion offtake overseas and a falling U.S. dollar rate saw a rise in local demand as gold price in Pune rose to Rs.3,297 per gram on 28 April.

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

    Parameters Gold price (24 karat)
    March 1 Rate Rs.3,439 per gram
    March 31 Rate Rs.3,266 per gram
    Highest Rate in March Rs.3,439 per gram on 1 and 2 March
    Lowest Rate in March Rs.3,266 per gram on 19, 20 and 31 March
    Overall Performance Decline
    Percentage Change -5.03%

    March 2019 - Week 1 (1-10):

    • Demand for gold dropped steadily as poor overseas offtake and declining interest from local retailers impacted prices despite opening at a steady Rs.3,439 per gram.
    • A rising U.S. dollar capped local gains and reduced offtake due to the higher cost, as gold rate in Pune fell to Rs.3,337 per gram on 6 March.
    • Recovering equity markets and the possibility of a Sino-U.S. trade deal increased investors’ risk appetite as their interest in gold waned, as gold price in Pune dropped to Rs.3,292 per gram on 8 March.
    • Prices recovered marginally on positive news from Europe regarding interest rates, as the metal traded at Rs.3,314 per gram on 10 March.

    March 2019 - Week 2 (11-17):

    • Declining local demand due to a strengthening U.S. dollar and sharp fluctuations in overseas demand resulted in gold rate in Pune dropping steadily despite opening at Rs.3,314 per gram on 11 March.
    • Demand from jewellers and retailers fell on weak overseas cues, as investors moved to equities resulting in gold falling to Rs.3,297 per gram on 13 March.
    • Gold price in Pune rose briefly to Rs.3,318 per gram on 15 March on fears of another economic slump but dropped to Rs.3,287 per gram on 17 March on weak local and overseas offtake.

    March 2019 - Week 3 (18-24):

    • Despite a weak opening of Rs.3,287 per gram on 18 March, gold prices in Pune rise marginally after market volatility and fears of a U.S. recession boosted interest in the precious metal.
    • Gold dropped to Rs.3,266 per gram on 19 March as the dollar remained stable despite a more dovish stance by the Federal Reserve, but market volatility due to the Brexit vote boosted bullion prices to Rs.3,281 per gram on 21 March.
    • Prices continued to climb as the week drew to a close as weak U.S. jobs data indicated a possible recession, as investor interest bolstered gold rates to Rs.3,302 per gram on 24 March.

    March 2019- Week 4 (25-31):

    • Despite conflicting cues and fluctuations in demand, gold prices in Pune remained static for most of the week on stable local demand after opening at Rs.3,302 per gram on 25 March.
    • Bullion was pressured as a possible resolution to the Sino-U.S. trade dispute boosted the U.S. dollar rate and resulted in a drop in overseas gold demand.
    • In spite of the dovish Fed Reserve stand, positive Chinese economic data raised equities globally as local offtake also dropped to Rs.3,266 per gram on 31 March to record a 5.03% drop in value during the month.

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

    Parameters Gold price (24 karat)
    February 1 Rate Rs.3,411 per gram
    February 28 Rate Rs.3,446 per gram
    Highest Rate in February Rs.3,446 per gram from 20-27 February
    Lowest Rate in February Rs.3,398 per gram from 8-17 February
    Overall Performance Incline
    Percentage Change 0.82%

    February 2019 - Week 1 (1-10):

    • In spite of steady retail demand, gold price in Pune fell as a strengthening dollar and static industrial demand reduced overall interest in the metal.
    • Gold traded at Rs.3,411 per gram on 1 February and remained constant for a few days as local jewellers increased orders to keep up with seasonal demand.
    • Gold rate in Pune rose to Rs.3,425 per gram on 6 February but declining investor interest saw the metal’s value drop to Rs.3,398 per gram on 8 February.
    • Sluggish demand from Asia also pressured gold rates as the metal closed the week at Rs.3,398 per gram on 10 February.

    February 2019 - Week 2 (11-17):

    • Static industrial demand and conflicting cues from overseas markets saw gold price in Pune remain unchanged for most of the week.
    • Gold rate opened at Rs.3,398 per gram on 11 February as local retail demand was stable due to the wedding season.
    • Despite a rise in jeweller offtake, prices remained unchanged as a falling dollar capped gains.
    • Prices were also unaffected by overseas fluctuations in demand and closed the week at Rs.3,398 per gram on 17 February to reflect no change in value.

    February 2019 - Week 3 (18-24):

    • Local interest in gold fluctuated as conflicting overseas cues capped gains after a lacklustre start to the week with the metal trading at Rs.3,398 per gram on 18 February.
    • Gold rate in Pune surged to Rs.3,446 per gram on 20 February as market volatility and a weak dollar boosted local industrial offtake though investor interest remained cool ahead of the Fed Reserve meeting.
    • There was no change in price for the rest of the week as steady retail sales kept prices stable, though gains were capped due to a rise in the dollar rate, resulting in gold price in Pune remaining at Rs.3,446 per gram on 24 February.

    February 2019 - Week 4 (25-28):

    • In contrast to prevalent trends, there was a rise in gold rate in Pune as consistent local demand kept prices steady despite conflicting cues from overseas and a rising U.S. dollar.
    • Gold traded at Rs.3,446 per gram on 25 February and remained steady for a few days as turbulent local markets resulted in steady investor interest in the metal.
    • An extension to the Sino-U.S. trade dispute rallied the dollar as industrial and overseas demand for the metal dropped and gold traded at Rs.3,439 per gram on 28 February, recording a marginal rise of 0.82% in value during the month.

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

    Parameters Gold price (24 karat)
    Rate on 1st January 2019 Rs.3,219per gram
    Rate on 31st January 2019 Rs.3,411per gram
    Highest Rate in January 2019 Rs.3,411per gramon 31January
    Lowest Rate in January 2019 Rs.3,219 per gram from 1-3 January
    Overall Performance Incline
    Percentage Change 5.96%
    Comparison for 24 K Gold Rates for Pune January 2019
    Graph for Gold Rate (24K) in Pune January 2019

    January 2019 - Week 1 (1 - 6):

    • A steady rise in local gold sales coupled with positive overseas trends and a weak dollar boosted the metal’s price, with gold opening the year at Rs.3,219 per gram.
    • The ongoing wedding season ensured domestic demand was stable, with the falling dollar further boosting local demand.
    • Prices climbed for most of the week as investors sought the safety of bullion due to volatile markets, as gold rate in Pune closed the week at Rs.3,284 per gram to record an increase of Rs.65 during the week.

    January 2019 - Week 2 (7 - 13):

    • A growing demand for bullion overseas and steady local demand kept gold rate in Pune stable in spite of some minor demand fluctuations during this week.
    • Gold was priced at Rs.3,284 per gram when the week began on 7 January, as strong overseas cues and a weak dollar spurred increased orders from industrial units and jewellers.
    • Prices remained constant for the rest of the week as local demand balanced regional fluctuations in demand, resulting in gold trading at Rs.3,284 per gram on 13 January.

    January 2019 - Week 3 (14 - 20):

    • In line with trends seen across other cities, gold price in Pune were on the ascent as political turmoil due to Brexit and the ongoing U.S. government shutdown led to increased reliance on bullion.
    • Gold was priced at Rs.3,284 per gram when the week began on 14 January and rose steadily on rising local jeweller demand due to the wedding season.
    • Marginal dips in local demand due to an unstable rupee capped gold gains mid-week, before prices picked up on renewed uncertainty due to a flagging dollar.
    • The end of the week saw gold rate in Pune soar to Rs.3,341 per gram on 20 January to record a rise of Rs.57 on strong overseas cues.

    January 2018 - Week 4 (21-27):

    • Declining retail offtake and fluctuating demand from jewellers and industrial units saw gold price in Pune fall marginally despite a strong opening of Rs.3,341 per gram on 21 January.
    • Industrial demand from China was also stagnant due to the impact of the Sino-U.S. trade dispute as gold price in Pune dropped to Rs.3,331 per gram on 22 January.
    • Prices failed to recover as a rise in the dollar rate capped gains from local sales, resulting in the metal ending the week priced at Rs.3,331 per gram on 27 January to record a loss of Rs.10 over the course of the week.

    January 2019 - Week 5 (28-31):

    • Rising retail demand and steady local industrial offtake boosted gold rate in Pune during the week after the metal opened at a static Rs.3,331 per gram on 28 January.
    • Overseas demand also rose as fluctuating equity markets resulted in increased interest from investors as gold rose to Rs.3,375 per gram on 30 January.
    • A slowdown in the pace of rate hikes by the Fed Reserve led to a drop in the dollar which boosted gold demand as the metal ended the month at Rs.3,411 per gram on 31 January.

    Gold as an Investment in Pune

    Gold is often considered as a safe investment as the risk factor involved in this is very less and there is always a demand for it. There are plenty of ways to invest in gold, depending on the money at hand and the needs.

    • Jewelry – Indians and residents of Pune in particular love their jewelry and while most might not view buying jewelry as an investment it could be a worthy asset in times of need. The drawback of investing in jewelry is that we fail to factor in wastage and making charges, which may lower the actual value of gold. Resale of jewelry might however not fetch market value.

    • Bullion Bars – Gold bullion bars can be an investment option for those with large investment capacities. The bars generally weigh close to 1 kg and have high purity, being about 99.5% pure and are considered a good option for those who can afford them. High net worth individuals in Pune have woken up to gold bars as an investment and the city has seen a slow growth in them.

    • Bullion coins – These coins are much cheaper than bars and can be an investment option for people who are looking to spend less. Pune is home to a vast upper middle class society and gold coins can be a perfect investment option for them. These coins are easy to sell and provide a source for liquid assets.

    • Allocated Gold Accounts – Investing in gold through allocated gold accounts can be a smart option for those who wish to own gold but are not keen to keep it with them. Banks which offer this account would keep the gold with them and it can be accessed by the owner when needed.

    Investments in gold act as a safety valve against inflation, as it has good resale value and can be a life-saver in case of emergencies.

    What are the means of Investing in Gold in Pune?

    Pune, being an excellent destination for safe-haven investments in the country has a lot to offer for gold and gold investment. From the most consumer-centric jewellery, ornaments and gold coins to other investments like gold bullions and gold Exchange Traded Funds also known as gold ETFs.

    Things to know before Investing in Gold in Pune

    Before investing in the bullion, one must know about a lot of things such the purity level, labour charges and even the time of your purchase. Here’s a list of things to consider to give you an in-depth knowledge before making an investment.

    • The purity of gold: Gold is classified into many levels based on its purity. The most common ones are 24 karat, (99.9% and above), 22 karat (92% pure), 18 karat (75% pure and 14 karat (58.33% pure) gold. The 24 karat gold is considered as the purest form of the precious metal. However, the high level of purity limits its level of customizability to jewellers and 24 karat being very brittle is liable to break easily while performing sophisticated works on them. Hence, 22 karat gold is chosen over the 24 karat gold by jewellers to perform personalise designs according to its need.
    • Certification: Once you’ve zeroed in on the purity, the next thing to know is the certification of gold you’re purchasing. Gold is usually certified into two categories - KDM gold and Hallmarked gold. They are categorised based on the metal used for alloying and purity. Before making the investment, it is important to ensure that the gold being purchased has the right certification.
    • Time of purchase: Most people believe that the time of purchase has nothing to do with the price of gold. In Pune, however, gold rates tend to go higher during the festive and wedding seasons due to an increase in consumer demand as opposed to purchases during the off season. Hence, it is also important to keep track of the prices during the time of purchase. Lookout for seasonal offers which major jewellery outlets put up often.
    • Labour charges: Another thing to consider when buying gold is the labour charge. A labour charge is a compensation for the man-hours spent on the type of jewellery you are buying. It also depends on the detailing required for the design. It can either be machine-made or man-made. Man-made jewellery is usually priced higher than the machine-made jewellery. However, at most jewellers, customers can also negotiate for a discount on the jewellery.

    Major Gold Dealers in Pune

    Most of the gold purchased in Pune is through the established players, with pan India presence. Some of the big names in Pune are KP Gems World, Krishna Jewellers, VS Waikar and Sons, Sagar Jewellers and Tikhe Saraf. Gold can be purchased at the smaller stores across town too, with stores catering to individual needs and demands.

    How are Gold Prices determined in Pune?

    Gold rate in Pune mainly follow an international trend,i.e., when the gold price rises or loses in the international market, rates move proportionally in Pune simultaneously. Another aspect on which gold prices in Pune are dependent are the exchange rates. If the US dollar rises against the Indian rupee, cost of importing gold will also increase. This will, in turn, increase gold prices in Pune. Other factors that determine gold prices are:

    • The minimal cost charged by banks to import the gold
    • Price of gold on the Multi Commodity Exchange (MCX)
    • Goods and Services Tax (GST) on gold

    How does GST affect Gold Rate in Pune?

    As per the previous tax regulations, gold was assessed at 12.2%, out of which 1% was the customs duty, 1.2% was the value-added tax (VAT) and the remaining 10% was the import duty on gold. However, with the implementation of Goods and Services Tax (GST) on 01 July 2017, the VAT and customs duty has been eliminated and replaced with a 3% GST adjacent to the previous import duty of 10%. In the retail sector, an additional 5% making charge is added to the 3% GST and 10% import duty.

    What Are The Factors Affecting Gold Prices In Pune?

    One of the most common misconceptions in Pune is that gold rates surge higher during festivals. However, the only reason prices tend to go up is due to the increased consumer demand during the festive season. Hence, it isn’t necessary that the arrival of the festive season will result in gold rates going up.

    However, gold marketed in the global markets are influenced by various aspects such as interest rates, exchange rates and the movement of the US dollar index. Gold is inversely proportional to the dollar,i.e., when the dollar value rises, gold plunges and vice versa. Similarly, if you’re sure that US dollar index will gain against other currencies, please proceed and buy gold as gold rates will definitely decline against a strong dollar index.

    What are the Advantages of Buying Gold in Pune?

    There are a great number of advantages when it comes to buying gold in Pune. The main advantage is that investing in gold can hedge investors and consumers from times of inflation. Reportedly, in the last few decades, the bullion has given some outstanding yields to consumers. Another important advantage is that gold can also act as security during times of emergency. Gold is more of a need rather than an investment. One of the biggest advantages of buying gold in Pune is that purchasing gold for your personal needs can also eventually end up as an investment in the future. Other ways of investing in gold also include Gold ETFs. Gold ETF is an option available to invest in gold online. Buying a unit of gold ETF is equivalent to owning a gram of physical gold. Gold ETFs not only protects you against currency fluctuations but also saves you from undergoing any making charges. The bottom line is that the advantages of buying gold in Pune far outweigh the disadvantages. This makes gold one of most preferred metal for safe-investments in Pune.

    Also Check Gold Price in NearBy Cities of Pune

    Gold Rate In Aurangabad Gold Rate In Thane Gold Rate In Nashik Gold Rate In Solapur
    Gold Rate In Amravati Gold Rate In Nanded Gold Rate In Sangli Gold Rate In Jalgaon
    Gold Rate In Kolhapur Gold Rate In Mumbai Gold Rate In Nagpur
    Also Know: Silver Rate in Pune

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

    Parameters Gold price (per gram of 24 karat gold)
    December 1 Rate Rs.3,131 per gram
    December 31 Rate Rs.3,219 per gram
    Highest Rate in December Rs.3,234 per gram from 11 t0 17 December
    Lowest Rate in December Rs.3,131 per gram on 1 December
    Overall Monthly Performance Incline
    Percentage Change 2.81%
    Comparison for 24 K Gold Rates for Pune December 2018
    Graph for Gold Rate (24K) in Pune December 2018

    December 2018 - Week 1 (1 - 9):

    Parameters Gold price (per gram of 24 karat gold)
    December 1 Rate Rs.3,131 per gram
    December 9 Rate Rs.3,208 per gram
    Overall Weekly Performance Incline
    • With a rise in local retail demand due to the wedding season and favourable market cues due to economic uncertainty overseas, gold prices in Pune rose sharply during the week.
    • The precious metal opened the month at Rs.3,131 per gram on growing jeweller demand, which helped boost prices to Rs.3,156 per gram on 4 December.
    • Market volatility and renewed Brexit fears bolstered overseas demand, as the week ended with gold trading at Rs.3,208 per gram on 9 December to record a rise in price of Rs.77.

    December 2018 - Week 2 (10 - 16):

    Parameters Gold price (per gram of 24 karat gold)
    December 10 Rate Rs.3,208 per gram
    December 16 Rate Rs.3,234 per gram
    Overall Weekly Performance Incline
    • A steady rise in local retail demand as well as initial positive overseas cues saw gold prices in Pune show steady growth during the course of the week.
    • The precious metal opened trading at Rs.3,208 per gram as both local jewellers as well as retailers increased demand due to the wedding season.
    • Overseas trends were positive as investors rushed to safe-haven assets like bullion due to fluctuating equity markets.
    • Prices rose to Rs.3,234 per gram on 11 December and remained consistent till the end of the week.

    December 2018 - Week 3 (17 - 23):

    Parameters Gold price (per gram of 24 karat gold)
    December 17 Rate Rs.3,234 per gram
    December 23 Rate Rs.3,199 per gram
    Overall Weekly Performance Decline
    • In Pune gold started strongly - at Rs.3,234 per gram - due to an increased demand for the metal.
    • However, prices tumbled as days progressed due to a weak local demand despite improved demand in the global circles.
    • Gold traded at Rs.3,218 per gram from the 18th to the 21st before falling further to Rs.3,199 per gram which held on till the end of the week.

    December 2018 - Week 4 (24 - 31):

    Parameters Gold price (per gram of 24 karat gold)
    December 24 Rate Rs.3,199 per gram
    December 31 Rate Rs.3,219 per gram
    Overall Weekly Performance Incline
    • The last week commenced with gold in Pune trading at Rs.3,199 per gram with steady investor demand amid the positive global cues.
    • With market participants concerned over the US-Sino trade dispute and the faltering economic growth, safe haven demand surged and gold was priced at Rs.3,219 per gram on the 28th.
    • The month concluded with global bullion prices hovering near six-month peaks while gold price in Pune finished at Rs.3,219 per gram on the 31st, recording 2.81% incline in rates during the course of the month.

    Trend of Gold Rate in Pune for November 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (per gram of 24 karat gold)
    November 1 Rate Rs.3,302 per gram
    November 30 Rate Rs.3,140 per gram
    Highest Rate in November Rs.3,302 per gram on 1 November
    Lowest Rate in November Rs.3,140 per gram on 30 November
    Overall Monthly Performance Decline
    Percentage Change -4.90%

    November 2018 - Week 1 (1 - 4):

    Parameters Gold price (per gram of 24 karat gold)
    November 1 Rate Rs.3,302 per gram
    November 4 Rate Rs.3,266 per gram
    Overall Weekly Performance Decline
    • When trading opened for the month, gold rate in Pune was recorded at Rs.3,202 per gram on the 1st with strong domestic demand brought about by positive trend overseas.
    • However, a drop in local demand from industries, jewellers and retailers led to prices falling to Rs.3,276 per gram on the 2nd.
    • The rest of the week saw gold prices holding steady at Rs.3,266 per gram with subdued global as well as domestic demand amid the recovering greenback and well-performing equity markets

    November 2018 - Week 2 (5 - 11):

    Parameters Gold price (per gram of 24 karat gold)
    November 5 Rate Rs.3,266 per gram
    November 11 Rate Rs.3,219 per gram
    Overall Weekly Performance Decline
    • Gold was recorded trading at Rs.3,266 per gram on the 5th when the week commenced with steady investor amid positive global cues.
    • Strong domestic demand brought about by positive market trends and the arrival of Dhanteras led to gold rate in Pune holding steady at Rs.3,277 per gram until the 9th.
    • Trading concluded for the week with the precious metal priced at Rs.3,219 per gram on the 11th with subdued investor demand amid the strengthening US dollar index and well-performing equity markets.

    November 2018 - Week 3 (12 - 18):

    Parameters Gold price (per gram of 24 karat gold)
    November 12 Rate Rs.3,219 per gram
    November 18 Rate Rs.3,209 per gram
    Overall Weekly Performance Decline
    • Gold rate in Pune were static for a few days before overseas trends and declining local demand dragged prices lower.
    • The week began with gold trading at Rs.3,219 per gram on 12 November, with prices remaining constant till 14 November on brisk local festive demand.
    • As prices rose due to the falling rupee, demand was affected and rates plunged to Rs.3,209 per gram on 15 November.
    • Overseas trends and fluctuating markets due to the Brexit crisis and the U.S. midterm election recounts also kept prices low.
    • The end of the week saw no change in price, with gold closing at Rs.3,209 per gram on 18 November and recording a loss of Rs.10 during the week.

    November 2018 - Week 4 (19 - 25)

    Parameters Gold price (per gram of 24 karat gold)
    November 19 Rate Rs.3,209 per gram
    November 25 Rate Rs.3,171 per gram
    Overall Weekly Performance Decline
    • In line with trends seen across other cities, there was a sharp fall in gold rates in Pune due to poor retail sales and reduced industrial demand.
    • Gold traded at Rs.3,209 per gram on 19 November but falling orders from jewellers due to poor sales affected the metal’s prices.
    • The continued rise in the dollar rate also impacted demand, as local industrial units reduced orders due to the increased import cost.
    • Gold prices dropped to Rs.3,187 per gram from 20-23 November on declining demand before falling further to Rs.3,171 per gram on 25 November.

    November 2018 - Week 5 (26 - 30):

    Parameters Gold price (per gram of 24 karat gold)
    November 26 Rate Rs.3,171 per gram
    November 30 Rate Rs.3,140 per gram
    Overall Weekly Performance Decline
    • Fluctuating markets and declining local sales affected gold prices in Pune, with the precious metal trading at Rs.3,171 per gram on 26 November.
    • In spite of the wedding season, retail demand was poor due to the costs associated with a falling rupee but industrial demand kept prices from dropping sharply.
    • Demand was steady for a few days before plunging to Rs.3,140 per gram on 30 November as investors reduced interest in bullion.
    • The sudden drop in price resulted in gold losing Rs.31 in value over the course of the week on poor demand.

    Trend of Gold Rate in Pune for October 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    October 1 Rate Rs.3,140 per gram
    October 31 Rate Rs.3,302 per gram
    Highest Rate in October Rs.3,302 per gram on 30 and 31 October
    Lowest Rate in October Rs.3,228 per gram on 9 October
    Overall Monthly Performance Incline
    Percentage Change 5.15%
    Comparison for 24 K Gold Rates for Pune oct-1 2018
    Graph for Gold Rate (24K) in Pune oct-1 2018

    October 2018 - Week 1 (1 - 7):

    Parameters Gold price (per gram of 24 karat gold)
    October 1 Rate Rs.3,140 per gram
    October 7 Rate Rs.3,253 per gram
    Overall Weekly Performance Incline
    • In line with trends seen across other Indian cities, gold prices were on the rise as retail demand and a falling rupee bolstered demand for the metal.
    • Gold opened the week at Rs.3,140 per gram on 1 October as markets reacted positively to the continued rise of the dollar.
    • Local demand for gold was on the rise in spite of the weak rupee making purchases more expensive, as the precious metal traded at Rs.3,190 per gram on 3 October.
    • Prices were static for a few days as both equity markets and the dollar reacted to the rise in U.S. interest rates.
    • Gold prices jumped to Rs.3,253 per gram on 6 October as investors and retailers ramped up purchases, with prices staying the same when the week ended on 7 October.

    October 2018 - Week 2 (8 - 14):

    Parameters Gold price (per gram of 24 karat gold)
    October 8 Rate Rs.3,253 per gram
    October 14 Rate Rs.3,228 per gram
    Overall Weekly Performance Decline
    • Gold was trading at Rs.3,253 per gram at the start of the second week of October. The value dropped after the dollar rose in value.
    • On 11 October the gold in Pune rose in value after the dollar declined and global stocks too dropped in value.
    • However, the metal dipped in value in spite of Asian stocks plummeting. The gold price in Pune showed a declining trend for week 2 and was priced at Rs.3,228 per gram.

    October 2018 - Week 3 (15 - 21):

    Parameters Gold price (per gram of 24 karat gold)
    October 15 Rate Rs.3,228 per gram
    October 21 Rate Rs.3,281 per gram
    Overall Weekly Performance Incline
    • Gold prices in Pune rose steadily, barring a few fluctuations as retail demand kept prices steady.
    • The yellow metal was priced at Rs.3,228 per gram on 15 October, as overseas sales were also rising.
    • With an escalation in trade tensions between the U.S. and China, investors looked to gold as a safe-haven asset, sending gold prices to Rs.3,287 per gram on 17 October.
    • A recovering dollar led to a drop in demand for gold and the metal’s value fell to Rs.3,266 per gram from 18-20 October.
    • Prices recovered towards the end of the week as local demand boosted sales, resulting in gold rising to Rs.3,281 per gram on 21 October.

    October 2018 - Week 4 (22 - 28):

    Parameters Gold price (per gram of 24 karat gold)
    October 22 Rate Rs.3,281 per gram
    October 28 Rate Rs.3,281 per gram
    Overall Weekly Performance No change
    • In contrast to trends seen elsewhere, there was no change in gold rates in Pune during the week.
    • Gold was priced at Rs.3,281 per gram on 22 October as rising local demand kept prices from fluctuating.
    • The renewed market uncertainty over Brexit negotiations and crude prices resulted in volatile markets, which boosted interest in gold.
    • In spite of market turbulence which saw equities crash and currencies plummet, gold prices were stable as retail demand balanced out the deficit.
    • The week ended with gold trading at Rs.3,281 per gram on 28 October as prices remained static for the week.

    October 2018 - Week 5 (29-31):

    Parameters Gold price (per gram of 24 karat gold)
    October 29 Rate Rs.3,281 per gram
    October 31 Rate Rs.3,302 per gram
    Overall Weekly Performance Incline
    • Gold prices in Pune ran contrary to trends seen across other cities, with gold prices rising in spite of the metal’s cost surging due to the rupee’s poor performance.
    • The yellow metal was priced at Rs.3,281 per gram when trading opened on 29 October, as fears of the economic impact of the ongoing Sino-U.S. trade tariff dispute rattled investors.
    • A reliance on the dollar instead of bullion saw gold prices fluctuate before rising to Rs.3,302 per gram on 30 October.
    • A drop in industrial demand capped gains from gold, but rising retail demand kept prices st a steady Rs.3,302 per gram when trading closed on 31 October.
    • The fluctuations in bullion demand overseas and falling rupee ate into gold price gains somewhat, as the metal recorded a rise in price of Rs.21 during the week.

    Trend of Gold Rate in Pune for September 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (per gram of 24 karat gold)
    September 1 Rate Rs.3,104 per gram
    September 30 Rate Rs.3,140 per gram
    Highest Rate in September Rs.3,178 per gram on 27 and 28 September
    Lowest Rate in September Rs.2,115 per gram on 3 September
    Overall Monthly Performance Incline
    Percentage Change 1.14%
    Comparison for 24 K Gold Rates for Pune August 2018
    Graph for Gold Rate (24K) in Pune August 2018

    September 2018 - Week 1 (1 - 8):

    Parameters Gold price (per gram of 24 karat gold)
    September 1 Rate Rs.3,104 per gram
    September 8 Rate Rs.3,146 per gram
    Overall Weekly Performance Incline
    • The week began with gold rates in Pune not reflecting much change, staying at a steady Rs.3,104 per gram.
    • The momentary rise in the rupee rate and a sell-off of dollar overseas led to gold prices rising to Rs.3,115 per gram on 3 September.
    • There was no change in price for the next few days as gold gains were capped by fluctuating local demand.
    • Industrial demand was steady for the most part, with jewellers increasing orders ahead of the wedding season.
    • The end of the week saw a rise in gold prices in Pune, as the metal traded at Rs.3,146 per gram on 8 September.

    September 2018 - Week 2 (9 - 14):

    Parameters Gold price (per gram of 24 karat gold)
    September 9 Rate Rs.3,146 per gram
    September 14 Rate Rs.3,164 per gram
    Overall Weekly Performance Incline
    • Demand for gold in Pune was on the increase over the course of the second week as strong retail demand and positive market factors boosted prices.
    • The precious metal was priced at Rs.3,146 per gram on 9 September as stable demand from the previous week kept prices high.
    • There was no change in price for a few days as the dollar suffered some reverses due to fears of a global trade war.
    • Gold rose to Rs.3,164 per gram on 13 September as investors looked to bullion to cover losses from fluctuating stocks and currencies.
    • Prices remained the same for the rest of the week as growing retail demand maintained prices, as gold rose by Rs.18 over the course of the week.

    September 2018 - Week 3 (15 - 22):

    Parameters Gold price (per gram of 24 karat gold)
    September 15 Rate Rs.3,148 per gram
    September 22 Rate Rs.3,176 per gram
    Overall Weekly Performance Incline
    • Reflecting trends seen in other cities, gold prices in Pune were on the rise as positive market trends and the festive season led to an increase in overall demand.
    • The week began with gold priced at Rs.3,148 per gram on 15 September as industrial demand was slightly sluggish.
    • Overseas demand for gold was static as local demand reflected this trend, as gold prices did not see much movement in price.
    • Fresh trade tariffs negatively affected markets and the dollar, as increased
    • Demand for gold in Pune was on the increase over the course of the second week as strong retail demand and positive market factors boosted prices.
    • The precious metal was priced at Rs.3,146 per gram on 9 September as stable demand from the previous week kept prices high.
    • There was no change in price for a few days as the dollar suffered some reverses due to fears of a global trade war.
    • Gold rose to Rs.3,164 per gram on 13 September as investors looked to bullion to cover losses from fluctuating stocks and currencies.
    • Prices remained the same for the rest of the week as growing retail demand maintained prices, as gold rose by Rs.18 over the course of the week.

    September 2018 - Week 4 (23 - 30):

    Parameters Gold price (per gram of 24 karat gold)
    September 23 Rate Rs.3,176 per gram
    September 30 Rate Rs.3,140 per gram
    Overall Weekly Performance Decline
    • The price of gold in Pune reflected trends seen across other cities, with a sharp drop in prices recorded towards the middle of the week due to falling demand.
    • Gold opened the week at Rs.3,176 per gram on 23 September as local demand was steady in spite of a falling rupee.
    • The volatility across equity markets bolstered demand for gold, as trade tensions led investors to buy more gold as a hedge.
    • Markets fell on news of a change to monetary policy direction in the U.S., as gold rose to Rs.3,090 per gram on 25 September.
    • Prices dropped heavily after the Federal Reserve raised interest rates, as gold fell to Rs.3,049 per gram on 28 September.
    • Gold prices recovered marginally as the week progressed, trading at Rs.3,074 per gram on 30 September.

    Trend of Gold Rate in Pune for August 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (per gram of 24 karat gold)
    August 1 Rate Rs.2,983 per gram
    August 31 Rate Rs.3,039 per gram
    Highest Rate in August Rs.3,039 per gram on 31 August
    Lowest Rate in August Rs.2,800 per gram on 16 August
    Overall Monthly Performance Incline
    Percentage Change 1.87%
    Comparison for 24 K Gold Rates for Pune July 2018
    Graph for Gold Rate (24K) in Pune July 2018

    August 2018 - Week 1 (1 - 5):

    Parameters Gold price (per gram of 24 karat gold)
    August 1 Rate Rs.3,095 per gram
    August 5 Rate Rs.3,053 per gram
    Overall Weekly Performance Decline
    • The first week of August saw gold prices in Pune follow trends prevalent in other Indian cities, opening at Rs.3,095 per gram.
    • Frequent fluctuations across equity markets due to uncertainty over a possible trade war resulted in increased demand for gold, but gains were capped due to the rising dollar.
    • As tensions with Iran increased, markets in the U.S. were volatile but the dollar remained steady, as gold fell to Rs.3,070 per gram on 3 August.
    • Weak U.S. jobs data saw the dollar slip marginally, but gold failed to capitalise on the slide in the dollar value.
    • Prices continued to drop steadily as industrial demand was static and retail buyers waited for prices to fall, as gold ended the week at Rs.3,053 per gram on 5 August.

    August 2018 - Week 2 (6 - 12):

    Parameters Gold price (per gram of 24 karat gold)
    August 6 Rate Rs.3,058 per gram
    August 12 Rate Rs.3,043 per gram
    Overall Weekly Performance Decline
    • Gold prices in Pune increased in demand during the second week of August as the dollar stabilised during this time.
    • The gold rate in Pune stood at Rs.3,058 per gram on 6 August, as the dollar weakened during this period.
    • The dollar then increased to a 13 month high on 10 August which had an effect on the gold rates in Pune.
    • Gold rate in Pune then shot up to Rs.3,043 per gram on 12 August. During this time, European banks were exposed to Turkey, which in turn led to the strengthening of the dollar.
    • The week ended with an incline trend in Gold rates in Pune. At the end of the week ending 12 August, gold rate in Pune stood at Rs.3,043 per gram.

    August 2018 - Week 3 (13 - 19):

    Parameters Gold price (per gram of 24 karat gold)
    August 13 Rate Rs.3,043 per gram
    August 19 Rate Rs.3,031 per gram
    Overall Weekly Performance Decline
    • The gold price in Pune in Week 3 of August was subdued as the value of dollar hit a near 13-month high.
    • On 13 August, the gold price in Pune was recorded at Rs.3,043 per gram. The value of the dollar was on the rise during this period.
    • The gold price then stabilised for a few days after which it declined marginally towards the end of the week.
    • At the end of Week 3, the gold rate in Pune declined in comparison to the former part of the week. The price of the metal on 19 August stood at Rs.3,031 per gram. This was during the same period when US - China trade talks were in place.
    • Week 3 ended with the metal priced at Rs.3,031 per gram, and showed a declining trend for the week ending 19 August.

    August 2018 - Week 4 (20 - 26):

    Parameters Gold price (per gram of 24 karat gold)
    August 20 Rate Rs.3,031 per gram
    August 26 Rate Rs.3,052 per gram
    Overall Weekly Performance Incline
    • Gold price in Pune stood at Rs.3,031 per gram on the 20th as the week began with steady domestic demand amid firm global trends.
    • Gold in Pune continued to trade at the same on the 21st before an incline in global demand brought about by the losing dollar led to prices rising to Rs.3,045 per gram on the 22nd.
    • The next couple of days saw gold rate in Pune holding steady at Rs.3,045 per gram with domestic bullion markets capitalising on the weakened US dollar.
    • Strong trends overseas coupled with steady local demand from industries, jewellers and retailers led to gold price in Pune closing at Rs.3,052 per gram on the 26th.

    August 2018 Week 5 (27 - 31):

    Parameters Gold price (per gram of 24 karat gold)
    August 27 Rate Rs.2,999 per gram
    August 31 Rate Rs.3,039 per gram
    Overall Weekly Performance Incline
    • Gold prices rose steadily in the last week of August in Pune as retail demand was on the increase, adding to favourable market conditions.
    • The week opened with gold priced at Rs.2,999 per gram but prices rose to Rs.3,012 per gram on 29 August on increasing retail demand.
    • Fluctuations in the dollar rate led to a surge in industrial orders, as jewellers also increased sales ahead of the festive season.
    • Prices continued to climb throughout the week, reaching Rs.3,026 per gram on 30 August as European markets fell on renewed uncertainty.
    • The end of the week saw a further rise in price, with gold trading at Rs.3,036 per gram.

    Trend of Gold Rate in Pune for July 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (per gram of 24 karat gold)
    July 1 Rate Rs.3,142 per gram
    July 31 Rate Rs.3,095 per gram
    Highest Rate in July Rs.3,148 per gram from 4 - 10 July
    Lowest Rate in July Rs.3,082 per gram from 18 - 23 July
    Overall Monthly Performance Decline
    Percentage Change -1.49%
    Comparison for 24 K Gold Rates for Pune June 2018
    Graph for Gold Rate (24K) in Pune June 2018

    July 2018 - Week 1 (1 - 7):

    Parameters Gold price (per gram of 24 karat gold)
    July 1 Rate Rs.3,142 per gram
    July 7 Rate Rs.3,148 per gram
    Overall Weekly Performance Incline
    • When the week began, in Pune gold was priced at Rs.3,142 per gram before continuing at this rate on the 2nd as well.
    • On the 3rd, prices dropped to Rs.3,140 per gram as demand for the metal dropped after the US dollar recorded some gains ahead of the latest Fed meeting.
    • With the dollar continuing to remain on a high, gold still traded at Rs.3,140 per gram on the 4th, before changing the next day.
    • When the market opened for the 5th, gold was priced at Rs.3,148 per gram - after demand surged as the dollar declined, owing to the intensifying trade war between the US and other major countries of the world.
    • As the dollar continued to remain weak, gold rate in Pune remained at Rs.3,148 per gram for the remainder of the week.

    July 2018 - Week 2 (8 - 14):

    Parameters Gold price (per gram of 24 karat gold)
    July 8 Rate Rs.3,148 per gram
    July 14 Rate Rs.3,129 per gram
    Overall Weekly Performance Decline
    • The week commenced with gold rate in Pune holding at Rs.3,148 per gram on the 8th with strong domestic demand from local industries, jewellers and retailers amid the weakened US dollar.
    • Strong investor demand brought about by the losing greenback and equities led to gold prices remaining untouched at Rs.3,148 per gram until the 11th.
    • However, with the US dollar regaining lost ground against other major currencies amid the worsening trade talks between the US and China, gold was recorded trading at Rs.3,146 per gram on the 12th before plummeting to Rs.3,129 per gram the next day amid the weak trend overseas.
    • Trading concluded for the week with gold prices holding steady at Rs.3,129 per gram on the 14th on account of subdued but steady demand from local jewellers and retailers amid weak global cues.

    July 2018 - Week 3 (15 - 22):

    Parameters Gold price (per gram of 24 karat gold)
    July 15 Rate Rs.3,129 per gram
    July 22 Rate Rs.3,082 per gram
    Overall Weekly Performance Decline

    July 2018 Week 4 (22 - 31):

    Parameters Gold price (per gram of 24 karat gold)
    July 22 Rate Rs.3,082 per gram
    July 31 Rate Rs.3,095 per gram
    Overall Weekly Performance Decline
    • Fluctuating overseas demand and a falling rupee resulted in gold prices tumbling in the last week in Pune, with gold opening the week at Rs.2,082 per gram.
    • Prices were unchanged for a few days before rising to Rs.3,095 per gram on 25 July on rising demand from the industrial sector, though this was short-lived.
    • Markets were unsteady ahead of the U.S.-European Union trade talks, with the dollar falling on renewed uncertainty.
    • Escalating tensions with Iran resulted in the U.S. dollar falling marginally, but investors continued to stay away from bullion.
    • There was no change in the price of gold for the rest of the week, as local demand kept prices from falling too sharply in spite of rapid fluctuations in gold rate in Pune.

    Trend of Gold Rate in Pune for June 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (per gram of 24 karat gold)
    June 1 Rate Rs.3,208 per gram
    June 30 Rate Rs.3,142 per gram
    Highest Rate in June Rs.3,208 per gram from 1 to 4 June
    Lowest Rate in June Rs.3,142 per gram on 29 and 30 June
    Overall Monthly Performance Decline
    Percentage Change -1.87%
    Comparison for 24 K Gold Rates for Pune May 2018
    Graph for Gold Rate (24K) in Pune May 2018

    June 2018 - Week 1 (1st - 10th)

    • Gold was priced at Rs.3,208 per gram when exchanges opened for trade this week in Pune.
    • Rates continued to hold steady over the next three days - till the 4th - at Rs.3,208 per gram as local demand was largely consistent.
    • On the 5th, gold price in Pune dropped to Rs.3,171 per gram - a massive Rs.37 decline after the US markets and its dollar improved significantly buoyed by the latest jobs data.
    • Rates dropped further over the next two days i.e., the 6th and 7th to Rs.3,167 per gram as a possible Fed rate hike was being anticipated.
    • However, the latest G7 brought with it a range of disagreements between the US and the other member nations, which pushed safe haven demand up.
    • As markets crashed, gold traded at Rs.3,177 per gram on the 8th. The next two days i.e., the 9th and the 10th also saw the yellow metal trade at Rs.3,177 per gram, thanks to a stable local demand.

    June 2018- Week 2 (11th-17th)

    • The price of gold in Pune was Rs.3,177 per gram on 11 June as prices did not change from the previous week.
    • Fluctuations in currency and equity markets led to greater local demand for gold, which pushed gold price in Pune to Rs.3,186 per gram on 12 June.
    • The historic summit between the leaders of North Korea and the Unites States of America bolstered the dollar, which led to a drop in demand for safe-haven assets across overseas markets.
    • Contrary to prevalent trends, there was a rise in the price of gold after the summit in spite of a strengthening dollar rate and bullish equity markets.
    • Gold rate in Pune rose to Rs.3,200 per gram on 14 June as investors were wary of a trade war due to escalating tensions between the United States and China over tariffs.
    • With the European Central Bank’s decision not to raise interest rates till 2019, investor confidence in markets fell as they looked to gold.
    • The precious metal’s price was steady for the rest of the week, ending the week at Rs.3,200 per gram on 17 June.

    June 2018 - Week 3 (18th - 24th)

    • Trading commenced for the week in Pune with the bullion prices holding at Rs.3,200 per gram on the 18th with domestic markets tracking a positive trend overseas.
    • Demand, however, couldn’t keep up against the strengthening US dollar index and gold rates dropped to Rs.3,175 per gram on the 19th.
    • Thanks to steady domestic demand from local industries, jewellers and retailers despite amid the weak market trends overseas, gold prices in Pune remained untouched at Rs.3,173 peer gram until the 22nd.
    • With the greenback hitting near eleven-month high figures and the bullion plummeting to its lowest level in 2018, investor demand dropped considerably. This led to gold being priced at Rs.3,148 per gram on the 23rd.
    • Trading concluded for the week with the precious metal priced at Rs.3,148 per gram on the 24th with poor domestic demand amid unfavourable market cues globally.

    June 2018 - Week 4 (25th - 30th)

    • Gold was priced at Rs.3,148 per gram when the fourth week of June opened for trading in Pune.
    • This week’s opening rates were a Rs.27 fall compared to the previous day. The drop could be attributed to a strong rise in the US dollar, which caused local demand to drop.
    • Gold rates in Pune were holding at Rs.3,148 per gram for the next four days, i.e., till the 29th as demand was stable.
    • When the week drew to a close, however, gold rates in Pune had fallen to Rs.3,142 per gram as local demand plummeted.

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

    Parameters Gold price (per gram of 24 karat gold)
    May 1 Rate Rs.3,219 per gram
    May 31 Rate Rs.3,208 per gram
    Highest Rate in May Rs.3,228 per gram from 8 - 16 and 25 - 30 May
    Lowest Rate in May Rs.3,205 per gram from 17 to 24 May
    Overall Monthly Performance Decline
    Percentage Change -0.34%
    Comparison for 24 K Gold Rates for Pune April 2018
    Graph for Gold Rate (24K) in Pune April 2018

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

    • Trading commenced for the month with gold prices holding firm at Rs.3,219 per gram on the 1st in Pune.
    • Thanks to steady domestic demand from local jewellers, retailers and industries, rates remained untouched at Rs.3,219 per gram for much of the week.
    • However, a slight decline in demand brought about by the recovering dollar led to gold rate in Pune dropping marginally towards the last day.
    • When trading concluded for the month, the bullion prices were recorded holding at Rs.3,213 per gram on the 6th amid firm trend overseas.

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

    • Gold was priced at Rs.3,228 per gram when trading commenced for the second week of May.
    • This week didn’t record any real changes in terms of pricing as demand from the local market was largely the same.
    • Gold rates in Pune remained consistent in the city despite the international market as well as the other major cities in India recorded significant surges in rates as the week progressed.
    • From the 8th to the 13th, gold prices remained at Rs.3,228 per gram - thanks as the market dynamic remained unchanged.
    • When the week drew to a close, gold prices were still holding at Rs.3,228 per gram.

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

    • The week began with gold prices in Pune holding at Rs.3,228 per gram on 14th on account of strong domestic demand coupled with positive global trends.
    • Poor dollar performances compounded by weakening equity markets led to rates remaining untouched at Rs.3,228 per gram the following day.
    • Gold continued trading at the same rate on the 16th before dropping to Rs.3,205 per gram on the 17th after the US dollar recovered from near one-week lows on the international front.
    • Poor market trends globally coupled with subdued demand from local jewellers and retailers led to gold rates in Pune holding at Rs.3,205 per gram for the remainder of the week.

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

    • In Pune, gold rates didn’t record too many changes this week as demand was largely stable with a few increases.
    • When the fourth week of May began in the city, gold was priced at Rs.3,205 per gram.
    • Due to a steady local demand, gold continued to trade at Rs.3,205 per gram for the next four days, i.e, till the 24th of the month.
    • On the 25th, gold rates in Mumbai rose to Rs.3,228 per gram as cues from the global market also rose after the Fed meeting announced no changes in interest rates.
    • Over the remaining days of the week, gold continued to trade at Rs.3,228 per gram.

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

    • Trading commenced for the week with gold priced at Rs.3,228 per gram on the 28th amid firm market trends.
    • Thanks to the steady demand from domestic retailers and jewellers, prices remained untouched at Rs.3,228 per gram for the next couple of days.
    • The month came to an end with the precious metal trading slightly lower at Rs.3,208 per gram on the 31st following a slight decline in industrial demand amid the strengthening US dollar index.
    • Gold rates in Pune dropped by 0.34% on account of poor global cues that suppressed local demand during the month.

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

    Parameters Gold price (per gram of 24 karat gold)
    April 1 Rate Rs.3,148 per gram
    April 30 Rate Rs.3,219 per gram
    Highest Rate in April Rs.3,232 per gram on 26 and 27 April
    Lowest Rate in April Rs.3,148 per gram from 1 April to 14 April
    Overall Monthly Performance Incline
    Percentage Change 2.25%
    Comparison for 24 K Gold Rates for Pune March 2018
    Graph for Gold Rate (24K) in Pune March 2018

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

    • Contrary to trends seen across other cities, gold prices in Pune were stable for the first week of April.
    • Gold rate in Puneopened the week trading at Rs.3,148 per gram as demand from industry was static, leading to no change in the precious metal’s price.
    • In spite of market fluctuations and a declining dollar rate, the yellow metal’s value was constant in the city.
    • A slight drop in retail demand was negated by a rise in demand by industrial units, which kept prices from fluctuating.
    • The week ended with gold rate in Pune was priced at Rs.3,148 per gram on 7 April.

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

    • Gold prices in Pune opened at Rs.3,148 per gram when the second week of April began.
    • Demand seemed to be steady for most part of this week, and gold traded at Rs.3,148 per gram till the 12th as a result.
    • After news about a possible joint attack on Syria by the US, France, and England, gold rates surged to Rs.3,184 per gram on the 13th of April.
    • As demand was steady for the remaining few days amidst a volatile market, gold traded at Rs.3,184 per gram.
    • On the final day of this week, gold was still trading at Rs.3,184 per gram.

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

    • The week commenced with gold rates holding at Rs.3,184 per gram on the 16th in Mumbai amid firm global cues.
    • Thanks to steady demand from industries, retailers and jewellers, the bullion prices remained untouched at Rs.3,184 per gram until the 18th.
    • The 19th saw gold prices in Pune surging by Rs.27 to Rs.3,211 per gram as the US dollar lost against a basket of currencies after the ongoing global tensions with North Korea and US-led missile strikes against Syria resulted in base metals rallying during the week.
    • Gold continued trading at Rs.3,211 per gram over the next couple of days with steady domestic demand amid the positive trends overseas.
    • The week concluded with the precious metal trading firm at Rs.3,211 per gram on the 22nd with strong local buying by jewellers amid the domestic wedding season.

    April 2018 - Week 4 (23 - 30):

    • Gold rates in Pune didn’t see too many chances over the course of this week.
    • When the fourth week of April began, gold was priced at Rs.3,211 per gram. This rate remained unchanged till the 25th due to local demand holding steady.
    • On the 25th, gold prices went up to Rs.3,232 per gram - the month’s highest rate as domestic demand surged while international demand was also on the rise.
    • Gold continued to trade at Rs.3,232 per gram on the 27th before dropping to Rs.3,219 per gram as a drop in demand weighed down on the sakes.
    • During the 29th and the 30th, gold traded at Rs.3,219 per gram for the most part as demand remained low but steady.

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

    Parameters Gold price (per gram of 24 karat gold)
    Gold Rate on 1st March 2018 Rs.3,147 per gram
    Gold Rate on 31st March 2018 Rs.3,148 per gram
    Highest Rate in March Rs.3,148 per gram on 8, 9 and from 24 to 31 March
    Lowest Rate in March Rs.3,123 per gram from 17 to 23 March
    Overall Monthly Performance Incline
    Percentage Change 0.03%
    Comparison for 24 K Gold Rates for Pune February 2018
    Graph for Gold Rate (24K) in Pune February 2018

    March 2018 - Week 1 (1 - 5):

    • Pune saw gold trading at Rs.3,147 per gram on 1 March as jewellers lowered demand for the precious metal.
    • In spite of major fluctuations in the market performance across other cities, there was no significant change in the price of gold in Pune.
    • Local demand was also muted, resulting in gold price in Pune remaining constant for most of the week.
    • A slight dip in the price was observed as the week ended on 5 March, with gold trading at Rs.3,146 per gram.

    March 2018 - Week 2 (5-11):

    • Gold rates in Pune started at Rs.3,146 per gram when the second week of March commenced.
    • The metal continued to traded at the same rate for the next two days as local demand remained largely unchanged despite changes in the global market.
    • On the 8th, gold rates in Pune went up slightly to Rs.3,148 per gram before continuing on at this rate for the next day as well.
    • However, as local demand dropped, gold rates fell to Rs.3,134 per gram on the 10th of March.
    • When the week came to an end, gold rates were still recorded at Rs.3,134 per gram.

    March 2018 - Week 3 (12 - 18):

    • The week opened in Pune with the bullion trading at Rs.3,134 per gram on the 12th with steady demand from the previous week.
    • Steady domestic demand coupled with firm trends overseas led to gold rate in Pune holding firm at Rs.3,134 per gram for the next couple of days.
    • On the 15th, the yellow metal was recorded trading at Rs.3,134 per gram after the US dollar lost against a basket of other emerging currencies following the abrupt dismissal of the US Secretary of State Rex Tillerson.
    • Prices remained untouched at Rs.3,134 per gram on the 16th before plunging to Rs.3,123 per gram on the 17th with markets speculating over a possible Fed rate hike next week.
    • Thanks to steady demand from local jewellers, retailers and industries, gold rates in Pune remained unchanged at Rs.3,123 per gram for the remainder of the week.

    March 2018 - Week 4 (19 - 25):

    • Demand for gold in Pune was quite stable and did not see too much of an increase in spite of favourable market conditions and prevalent trends.
    • Gold traded at Rs.3,123 per gram as the week began on 19 February and did not see much of a change in price due to stable demand.
    • Industrial demand was muted in the city, in contrast to trends seen across the country.
    • Equity markets in the U.S. fluctuated as fears of a trade war with China loomed due to the restrictive trade tariffs scheduled to be implemented.
    • Gold price in Pune climbed to Rs.3,148 per gram on 23 March after equity markets plunged following the Fed’s announcement on monetary policy for the year.
    • Local industry capitalised on the weak dollar and increased orders for gold, as jewellers also increased offtake.
    • The week ended with gold rate in Pune at Rs.3,148 per gram on 25 March.

    March 2018 - Week 5 (26 - 31):

    • Positive global cues coupled with strong local demand for the metal led to gold prices in Pune holding steady during the week.
    • When trading commenced for the week, the bullion was priced at Rs.3,148 per gram on the 26th with steady demand from the previous week.
    • Gold rates remained untouched at Rs.3,148 per gram until the 30th after jewellers and retailers ramped up their purchases to meet local demand for the metal.
    • When the week ended, the yellow metal prices were recorded holding steady at Rs.3,148 per gram on the 31st after positive trends overseas resulted in strong domestic demand for the metal.
    • Gold rates in Pune rose by 0.03% with steady domestic demand amid the uneven overseas trends during the course of the month.

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

    Parameters Gold price (per gram of 24 karat gold)
    Gold rate on 1st February 2018 Rs.3,128 per gram
    Gold rate on 28th February 2018 Rs.3,147 per gram
    Highest Rate in February Rs.3,148 per gram on 3, 4, 5, 7 and from 17 to 22 February
    Lowest Rate in February Rs.3,091 per gram from 9 to 11 February
    Overall Monthly Performance Incline
    Percentage Change 0.60%
    Comparison for 24 K Gold Rates for Pune January 2018
    Graph for Gold Rate (24K) in Pune January 2018

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

    • The month began in Pune with the precious metal trading at Rs.3,128 per gram on the 1st of February.
    • The release of the highly anticipated US employment data had no effect on the local market, and gold price in Pune were holding steady at Rs.3,128 per gram on the 2nd.
    • Strong domestic demand amid the strengthening US dollar led to gold rate in Pune rising to Rs.3,148 per gram on the 3rd.
    • When the week concluded, the metal was priced at Rs.3,148 per gram on the 4th with steady demand from local industries, retailers and industries.

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

    • Gold traded at Rs.3,148 per gram in Pune when the week began in Pune.
    • Prices fell to Rs.3,125 on 6th, and analysts suggested that “today’s gold rate” saw a change due to the US dollar bouncing back.
    • The 6th saw gold rate in Pune rise back after the previous day’s fall to Rs.3,148 per gram as demand from the domestic market trumped the USD’s performance.
    • The remaining few days saw gold rates fall as local demand weakened amid poor sales from various investing quarters of the city.
    • Gold rates in Pune dropped to Rs.3,125 per gram on the 8th of February, and fell again by Rs.34 the next day to hit Rs.3,091 per gram.
    • The last two days of this week saw gold trading at Rs.3,091 per gram due to steady demand.

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

    • The third week opened with the bullion trading relatively higher at Rs.3,103 per gram on the 12th with the US dollar declining after the previous week’s rally.
    • The US dollar lost against other apex currencies with investors and traders eyeing on the US price data for signs of interest rate hikes. This resulted in an increased demand for the yellow metal.
    • The strong global cues coupled with strong demand from local jewellers, retailers and industries resulted in gold price in Pune remaining untouched at Rs.3,103 per gram until the 15th.
    • The 16th witnessed bullion prices surging to Rs.3,129 per gram with the greenback hitting near two-month lows amid the US tax cut concerns.
    • Gold rate in Pune rose further to Rs.3,148 per gram the following day following a renewed interest in the safe-haven metal in order to hedge against inflation concerns.
    • Trading concluded for the week with the precious metal holding steady at Rs.3,148 per gram on the 18th amid firm overseas trends.

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

    • On the 19th, when the week began in Pune, gold was priced at Rs.3,148 per gram. The Pune market wasn’t hindered by the global bullion scenario, which was quite evident with the sales figures.
    • For the next four days, i.e., till the 22nd of February, the yellow metal traded at Rs.3,148 per gram.
    • As markets eagerly awaited the minutes from the latest Fed Reserve meeting, gold rates in Pune dropped slightly to Rs.3,145 per gram on the 23rd.
    • With other markets remaining steady, gold rates in Mumbai saw little reason to change as well. For the remainder of the week i.e., the 24th and the 25th, gold price in Pune continued at Rs.3,145 per gram, thanks to stable demand.

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

    • The final week commenced with the yellow metal trading at Rs.3,145 per gram on the 1st amid firm trend overseas.
    • Thanks to an increase in demand from local jeweller, industries and retailers amid the steady dollar, gold price in Pune surged to Rs.3,147 per gram on the 27th.
    • The month concluded with the bullion prices holding steady at Rs.3,147 per gram on the 28th and Pune registered a profit of 0.60% in gold trade during the course of the month.

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

    Parameters Gold price (per gram of 24 karat gold)
    Gold Rate on 1st January 2018 Rs.3,093 per gram
    Gold Rate on 31st January 2018 Rs.3,121 per gram
    Highest Rate in January Rs.3,162 per gram on 17 and 18 January
    Lowest Rate in January Rs.3,080 per gram from 4 to 8 January
    Overall Monthly Performance Incline
    Percentage Change 0.90%
    Comparison for 24 K Gold Rates for Pune December 2017
    Graph for Gold Rate (24K) in Pune December 2017

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

    • Gold rate in Pune was relatively unchanged for most part of the week.
    • On the 1st of January, gold was priced at Rs.3,093 per gram.
    • Due to a steady local demand, gold rates continued at Rs.3,093 per gram for the next two days as well.
    • However, the 4th saw gold price in Pune reach Rs.3,080 per gram as local demand was affected by overseas trend slightly.
    • Reports claimed that “today’s gold rate” declined due to decreased purchases from investors in the city.
    • The final three days of the week saw gold trading at Rs.3,080 per gram.

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

    • Trading began in Pune with gold priced at Rs.3,080 per gram on the 8th after local demand from domestic jewellers, industries and retailers subdued amid a poor trend overseas.
    • Demand for the precious metal surged with the US dollar losing other other major emerging currencies and gold was trading at Rs.3,087 per gram on the 9th.
    • Gold rate in Pune were recorded at Rs.3,094 per gram on the 10th before rising further to Rs.3,111 per gram the next day on account of the poorly performing equity markets that pushed demand higher for the metal.
    • Gold price in Pune rose to Rs.3,114 per gram on the 12th with a slight increase in domestic demand from local jewellers, industries and retailers.
    • On the 13th, gold rates in Pune touched a seven-week high of Rs.3,147 per gram with the US dollar performing poorly.
    • Strong trends overseas coupled with increased global demand led to gold prices remaining unchanged at Rs.3,147 per gram for the rest of the week.

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

    • Gold trading in Pune hit a peak in the beginning before consolidating as the week progressed.
    • On the 15th of January, gold price in pune was at Rs.3,147 per gram. This rose to Rs.3,162 per gram on the 16th of the month as demand rose in the local market.
    • Prices this week was largely on the steadier side in Pune despite some significant fluctuations in other major cities in the country.
    • Gold continued to trade at Rs.3,162 per gram on the 17th and the 18th of January as well as domestic demand was stable.
    • However, there was a considerable drop to be witnessed on the 19th when the yellow metal traded at Rs.3,148 per gram.

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

    • Gold was valued at Rs.3,100 per gram when the week began in Pune.
    • As the local market took time to react to outside stimulus, gold continued at Rs.3,100 per gram on the 23rd as well.
    • After slowdown in the US dollar became apparent, gold rate in Pune increased slightly to Rs.3,112 per gram on the 24th of the month.
    • Courtesy of strong global cues, demand from local jewellers also increased. This pushed gold price in Pune to increase to Rs.3,144 per gram on the 25th of January.
    • Gold recorded its highest rates since August 2016 globally but in the domestic market, demand seemed to fall flat. Due to this gold continued to trade at RS.3,144 per gram on the 26th of the month.
    • Gold continued to trade at Rs.3,144 per gram over the final two days as demand saw little signs of picking up despite the positive stimulus offered by the international market.

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

    • The week commenced in Pune with the bullion trading at Rs.3,144 per gram on the 29th.
    • Strong domestic demand by industries, jewellers and retailers despite the recovering US dollar resulted in prices remaining unchanged at Rs.3,144 per gram on the 30th.
    • The 31st, however, saw gold rate in Pune declining to Rs.3,121 per gram with demand dropping against the strengthening US dollar equities market.
    • An increase in domestic demand brought about by the positive trends overseas resulted in Pune registering a profit of 0.90% during the course of the month.

    Read more on Gold

    News About Pune Gold Rate

    • Gold prices increase after hitting a two-week low

      Gold prices increased on 9 September 2019 after hitting a two-week low in the last session. Even though there was an increase in demand for risky assets, the main reason for the increase in prices comes after central banks eased the monetary policy.

      Spot gold hit $1,511.80 for an ounce, increasing by 0.3%. Spot gold hit $1,502.50 on 6 September 2019. According to Eugen Weinberg, a Commerzbank analyst, due to the subdued trade tensions between China and the US, there has been an increase in demand for riskier assets, therefore, there has been a retreat in gold. There has also been an ease in the dollar by 0.1% against major currencies. On 9 September 2019, silver prices hit $18.23 for an ounce, increasing by 0.4%. In the earlier session, silver prices hit a two-week low of $17.89 for an ounce. European stocks also were at a one-month high as there was an increase in German exports and expectations of new stimulus by the European Central Bank. China has also said that there would be a reduction in the amount of cash banks can hold as reserves, while the Chairman of US Federal Reserve, Jerome Powell, said that they would act appropriately to maintain economic expansion.

      10 September 2019

    • Gold softens a wee bit after substantial price surge

      Gold softened slightly after it recorded a hike of more than $1,500 amidst US-China trade tensions and a looming economic slowdown. As per reports, US gold futures dropped 0.7% to $1,509.30 per ounce.

      While addressing the issue, FXTM analyst Lukman Otunuga said that it’s natural for the precious metal to ease after the steep hike only to surge higher later. In recent times, gold has witnessed a surge of more than 17% so far. Lat week, it surpassed the $100 mark. The staggering rise of the metal was mostly due to the ongoing US-China trade war and change in policies initiated by central banks due to fears of slow growth.

      Speaking on the issue, Afshin Nabavi, Senior Vice President at precious metals trader MKS SA said that though the metal has softened a bit, there’s still a possibility of gold prices trending upwards due to ongoing trade and political tensions. He further added that prices could move to a range of $1,475- $1,530 without the interference of any external catalysts.

      8 August 2019

    • Sharp fall in gold prices

      In line with global gold prices, the gold price in India fell sharply on 23 July 2019. This fall in price globally was due to the strengthening of the U.S. dollar.

      Last week, gold prices had gone past the $1,450 for the first time in nearly six weeks since the Fed President John Williams raised hopes of a rate cut. The expectation is that by 31 July, the Fed may provide a 50 basis points cut.

      Holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund increased by 0.57% on Monday.

      This increase in prices, according to traders, has hit demand of gold in the country.

      23 July 2019

    • Gold Rates Slide on U.S.-China Trade War Resolution

      Gold prices dropped as the possibility of a resolution in the Sino-U.S. trade talks and a dovish Fed hit bullion demand.

      Spot gold dropped by 0.3% to $1,345.70 per ounce as the U.S. President indicated he was willing to restart talks ahead of the upcoming G20 summit.

      Global equity markets were on the rise as investors expected worldwide stimulus packages from central banks along with news of interest rate cuts by the U.S. and European banks soon.

      However if the Fed takes a more dovish stance as markets are pricing, it could weaken the U.S. dollar, which could improve gold’s performance and appeal.

      19 June 2019

    • Gold Prices Slide as Dollar Rebounds

      Gold prices dropped from their earlier peaks as the U.S. dollar rebounded, though a fall in equity markets capped gold’s losses.

      Spot gold dropped by 0.1% to trade at $1,283.52 per ounce, with U.S. gold futures also slipping by 0.1% to $1,282.90 per ounce.

      Renewed fears over the global economic downturn surfaced after the U.S. indicated its trade impasse with China was likely to remain. Despite uncertainty among financial markets, a strong U.S. dollar has dented the metal’s demand and reduced its safe-haven appeal.

      Gold’s declines were minimised by concerns over Italy’s budget deficit, which impacted European shares, denting investor interest in riskier assets.

      28 May 2019

    • Gold Rises on Renewed Jeweller Interest

      Gold prices saw a rise after renewed interest from local jewellers, with the rise also aided by a depreciating rupee.

      Gold of 99.9% purity rose by Rs.150 to trade at Rs.32,870 for 10 grams while gold of 99.5% purity traded at Rs.32,700 for 10 grams to record a rise of the same margin. There was no change in the price of sovereign gold, which continued to trade at Rs.26,400 per 8 gram piece.

      A dip in equities spelled renewed uncertainty over a possible global slowdown, with the precious metal’s value rising on the international market. Spot gold traded 0.2% higher at $1,277.72 per ounce while U.S. gold futures remained steady at $1,279.60 per ounce.

      25 April 2019

    • Rising Demand Sees Gold Rates Cross Rs.34,000 Mark

      Echoing trends seen overseas, there was a spike in domestic gold rates with the metal crossing Rs.34,000 for 10 grams on increased local retail interest. Sovereign gold rose by Rs.200 to trade at Rs.25,900 per 8-gram piece. Meanwhile 99.9% purity gold rose by Rs.320 to trade at Rs.34,070 for 10 grams. Gold of 99.5% purity also saw a rise in price by Rs.320 to close trading at Rs.33,920 for 10 grams. The global rise in bullion demand boosted local offtake of the metal, as economic uncertainty resulted in higher investor interest. Silver also benefitted from increased industrial offtake as the metal’s price rose to Rs.41,330 per kg to record a Rs.330 increase. Demand from coin makers due to favourable market conditions was another contributing factor. Silver coins saw a rise of Rs.1,000 in value as they traded at Rs.79,000 for buying and Rs.80,000 for the selling of 100 pieces.

      31 January 2019

    • As demand picks up, gold prices near Rs.32,500

      On the first day of trade in 2019, gold prices rose by Rs. 200 as there was pick-up in demand. The rise in prices saw every 10 grams of 99.9 per cent purity gold cost Rs.32,470 at the bullion market. With the gold prices seeing a hike, the rates of silver too gained Rs.150. Following the rise which came on the back of increased demand from industrial units and coin makers, every kilo of silver cost Rs.39,250. It is noteworthy to mention here that gold prices had plunged by Rs.370 on the last day of 2018 i.e., Monday. 

      While every 10 grams of 99.9 percent purity gold cost Rs.32,470, the rates charged for 99.5 percent purity gold in the national capital i.e., Delhi was Rs.32,320. Sovereign gold remained unchanged with every piece of 8 grams costing Rs.25,200. Spot gold was up 0.1 per cent with an ounce costing 1,281.25 dollars. 

      When it comes to silver, weekly-based delivery saw a slight rise of Rs.25 to cost Rs.38,725 per kilo. The cost for selling and buying 100 silver coins, however, remained unchanged at Rs. 77,000 and Rs.76,000 respectively.

      1 January 2019

    • Gold rates raised for the second straight trading session

      It has been reported by News Agency Trust of India that gold prices have gone up by Rs.125 per 10 grams on Tuesday at the bullion market in Delhi, the capital city of India. Though overseas markets remained closed on account of Christmas, prices have increased in sync with the increased demand from local jewellers. Silver rate remained steady at Rs.38000 per kg because of the stagnant demand from the makers of coin and industrial units. Because of Christmas holiday, there was no business in the overseas market.

      In Delhi, gold price of 99.9% purity has accelerated by Rs.125 to close at Rs.32400 and gold rate of 99.5% purity was also up by Rs.125 to close at Rs.32250 per 10 grams. The price of precious metal increased by Rs.175 on Monday, 24 December 2018. Sovereign traded at a price of Rs.25000 per piece of eight grams. Gold rate increased by 1% in order to scale a 6-month high on Monday, 24 December 2018 since falling equity markets exhausted risk sentiment. Spot gold was retailing a rate of $1268 an ounce in intraday trade in thin trade.

      28 December 2018

    • Demand for yellow metal remains high in indigenous market irrespective of a sharp price rise this year

      The people in India are biased towards the physical assets such as real estate and gold. They buy the yellow metal, gold, for the purpose of consumption and making an investment. As per the World Gold Council, India is the second biggest user of the yellow metal. The country imports 700 – 900 tonnes of gold every year. The rise in gold prices has impacted the demand for the yellow metal. The demand for the yellow metal has increased in the second half in view of the festive season.

      Gold prices have increased significantly and reached a 6-year high on the 10th of October 2018 as compared to the overseas market. Gold was priced at Rs.31,254 per 10 grams as of 24 December 2018. Owing to an increase in the Federal Reserve Rate of US, overseas gold rates have fallen by 1% in the year 2018. The falling rupee is a vital aspect that influences the prices of gold in the country. Domestic gold prices have a strong converse association to US Fed rate and a hike in the USD index.

      28 December 2018

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