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 ( 27 Sep 2021 )

    ₹ 4,438
    Today's Gold Rate (22K) per gram

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

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,438 ₹ 4,438 ₹ 0 ↑
    Standard Gold (22 K) ( 8 grams ) ₹ 35,504 ₹ 35,504 ₹ 0 ↑
    Pure Gold (24 K) ( 1 gram ) ₹ 4,660 ₹ 4,660 ₹ 0 ↑
    Pure Gold (24 K) ( 8 grams ) ₹ 37,280 ₹ 37,280 ₹ 0 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    26 Sep 2021 ₹ 4,438 ₹ 35,504 ₹ 4,660 ₹ 37,280
    25 Sep 2021 ₹ 4,438 ₹ 35,504 ₹ 4,660 ₹ 37,280
    24 Sep 2021 ₹ 4,438 ₹ 35,504 ₹ 4,660 ₹ 37,280
    23 Sep 2021 ₹ 4,478 ₹ 35,824 ₹ 4,702 ₹ 37,616
    22 Sep 2021 ₹ 4,503 ₹ 36,024 ₹ 4,728 ₹ 37,824
    21 Sep 2021 ₹ 4,468 ₹ 35,744 ₹ 4,691 ₹ 37,528
    20 Sep 2021 ₹ 4,448 ₹ 35,584 ₹ 4,670 ₹ 37,360
    19 Sep 2021 ₹ 4,458 ₹ 35,664 ₹ 4,681 ₹ 37,448
    18 Sep 2021 ₹ 4,458 ₹ 35,664 ₹ 4,681 ₹ 37,448
    17 Sep 2021 ₹ 4,458 ₹ 35,664 ₹ 4,681 ₹ 37,448

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

    • 7 Days
    • 30 Days
    • 3 Months
    • 6 Months

    *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

    Gold rate in Pune change on a daily basis, keeping into account world gold rates and market trends. 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.

    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 2021 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    September 1 Rate Rs.4,775 per gram
    September 12 Rate Rs.4,744 per gram
    Highest Rate in September Rs.4,796 per gram on 4, 5, and 6 September
    Lowest Rate in September Rs.4,744 per gram on 9, 11, and 12 September
    Overall Performance Decline

    September 2021 - Week 1 (1 - 5):

    • Gold price in Pune opened the month of September standing at the rate of Rs.4,775 per gram. There were no changes on the price when compared to the previous closing rate of gold.
    • The precious yellow metal recorded its highest price during the month on the 4th and 5th of September wherein a gram of the 24-karat gold was being traded at the rate of Rs.4,796. The lowest recorded price of the yellow metal during the month was Rs.4,765 per gram which was recorded on 2nd and 3rd September.
    • Gold closed the first week of September standing at Rs.4,796 per gram. The overall performance of gold in the city witnessed an incline.

    September 2021 - Week 2 (6 - 12):

    • Gold price in Pune opened the month of September standing at the rate of Rs.4,775 per gram. There were no changes on the price when compared to the previous closing rate of gold.
    • The precious yellow metal recorded its highest price during the month on the 4th and 5th of September wherein a gram of the 24-karat gold was being traded at the rate of Rs.4,796. The lowest recorded price of the yellow metal during the month was Rs.4,765 per gram which was recorded on 2nd and 3rd September.
    • Gold closed the first week of September standing at Rs.4,796 per gram. The overall performance of gold in the city witnessed an incline.

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

    Parameters Gold price (24 karat)
    August 1 Rate Rs.4,849 per gram
    August 31 Rate Rs.4,775 per gram
    Highest Rate in August Rs.4,849 per gram on 1 and 2 August
    Lowest Rate in August Rs.4,676 per gram from 9 to 11 August
    Overall Performance Decline

    August 2021 - Week 1 (1 - 8):

    • Gold price in Pune opened the week at Rs.4,849 per gram. No change was recorded in the price of the yellow metal when the rate was compared to the previous week’s closing price in the city.
    • On 20th August, the price of the bullion increased in the city and recorded its highest price for the month till date. On the mentioned date, a gram of the precious cost Rs.4,875.
    • The price of the yellow metal saw fluctuations in the rate over the next three days. On 23rd August, a gram of 24-karat gold was priced Rs.4,817. The rate didn’t see any change on the final two days of the week and closed at the same price. The overall performance of gold in Pune was one of incline.

    August 2021 - Week 2 (9 - 15):

    • Gold price in Pune opened the second week of August at Rs.4,676 per gram. Compared to previous week’s closing price, the rate was down by Rs.52 in the city.
    • Having opened the month at the lowest recorded price for the month till date, gold price remained unchanged in the city on 10th and 11th August. The rate increased gradually following that.
    • The yellow metal closed the week in Pune at Rs.4,744 per gram. The performance of gold in the city was one of decline.

    August 2021 - Week 3 (16 - 22):

    • Gold price in Pune opened the month of August standing at the rate of Rs.4,849 per gram.
    • The precious yellow metal recorded its highest price during the month on the 1st and 2nd of August wherein a gram of the 24-karat gold was being traded at the rate of Rs.4,849. The lowest recorded price of the yellow metal during the month was Rs.4,676 per gram which was recorded from 9th August to 11th August.
    • Gold closed the third week of August standing at Rs.4,760 per gram. The overall performance of gold in the city witnessed a decline.

    August 2021 - Week 4 (23 - 31):

    • The price of gold in Pune at the start of the final week of August was Rs.4,770 per gram. An increase of Rs.10 was recorded in the price of the yellow metal when compared to the previous week’s closing price.
    • Gold price in Pune witnessed a lot of change over the week. Following constant fluctuations, a gram of the precious metal was priced Rs.4,765 on 26th August.
    • The fluctuations continued in the city and closed the week at Rs.4,775 per gram. Gold’s overall performance in Pune witnessed a declining trend.

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

    Parameters Gold price (24 karat)
    July 1 Rate Rs.4,749 per gram
    July 31 Rate Rs.4,849 per gram
    Highest Rate in July Rs.4,875 per gram on 16, 20, and 30 July
    Lowest Rate in July Rs.4,749 per gram on 1 July
    Overall Performance Incline

    July 2021 - Week 1 (1 - 4):

    • Gold price in Pune on 1st July was Rs.4,749 per gram. The price of the precious metal witnessed an incline of Rs.21 in the city when the rate was compared to the previous week’s closing price.
    • Over the week, the price of the yellow metal climbed in the city. On 3rd July, gold recorded its highest price for the month with a gram costing Rs.4,786.
    • Gold closed the first week of July at the same price as the rate didn’t see any change on the final of the week. The overall performance of the yellow metal in the city was one of incline.

    July 2021 - Week 2 (5 - 11):

    • Gold price in Pune on 19th July was Rs.4,749 per gram. The price of the precious metal was down by Rs.26 in the city when the rate was compared to the closing price of the previous week.
    • The yellow metal recorded its lowest price for the month till date on 11th July. On the mentioned date, a gram of 24-karat gold cost Rs.4,739 in the city.
    • Gold closed the second week of July at Rs.4,749 per gram. The overall performance of gold in the city was one of decline.

    July 2021 - Week 3 (12 - 18):

    • Gold price in Pune opened the month of July standing at the rate of Rs.4,749 per gram.
    • The precious yellow metal recorded its highest price during the month on the 16th of July wherein a gram of the 24 karat gold was being traded at the rate of Rs.4,875. The lowest recorded price of the yellow metal during the month was Rs.4,749 per gram which was recorded on 1st July.
    • Gold closed the third week of the month standing at Rs.4,849 per gram. The overall performance of gold in the city witnessed an incline.

    July 2021 - Week 4 (19 - 25):

    • Gold price in Pune opened the week at Rs.4,849 per gram. No change was recorded in the price of the yellow metal when the rate was compared to the previous week’s closing price in the city.
    • On 20th July, the price of the bullion increased in the city and recorded its highest price for the month till date. On the mentioned date, a gram of the precious cost Rs.4,875.
    • The price of the yellow metal saw fluctuations in the rate over the next three days. On 23rd July, a gram of 24-karat gold was priced Rs.4,817. The rate didn’t see any change on the final two days of the week and closed at the same price. The overall performance of gold in Pune was one of incline.

    July 2021 - Week 5 (26 - 31):

    • Gold price in Pune opened the month of July standing at the rate of Rs.4,749 per gram.
    • The precious yellow metal recorded its highest price during the month on the 16th, 20th, and 30th of July wherein a gram of the 24-karat gold was being traded at the rate of Rs.4,875. The lowest recorded price of the yellow metal during the month was Rs.4,749 per gram which was recorded on 1st July.
    • Gold closed the month of July standing at Rs.4,849 per gram. The overall performance of gold in the city witnessed an incline.

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

    Parameters Gold price (24 karat)
    June 1 Rate Rs.4,970 per gram
    June 30 Rate Rs.4,728 per gram
    Highest Rate in June Rs.4,991 per gram on 3 June
    Lowest Rate in June Rs.4,728 per gram on 30 June
    Overall Performance Decline

    June 2021 - Week 1 (1 - 4):

    • In Pune, gold rates opened the month of June at Rs.4,970 per gram on 1 June and held steady on the following day.
    • The price of the yellow metal increased to hit its weekly high on 3 June at Rs.4,991 per gram due to lower U.S. Treasury bond yield.
    • As the dollar value recovered in the market, the price of gold in Pune decreased on 4 June and closed at Rs.4,907 per gram.

    June 2021 - Week 2 (5 - 11):

    • In Pune, gold was priced at Rs.4,949 per gram on 5th June. The price charged for a gram of the 24-karat gold witnessed an incline of Rs.42 when the rate was compared to previous week’s closing price.
    • While the price of the yellow metal remained unchanged on 6th and 9th June in Pune, slight fluctuation in the rate was witnessed on the remaining days of the week.
    • Gold price in Pune closed the week at Rs.4,970 per gram. As the closing price was similar to the opening price of the yellow metal for the month, the overall performance of gold in the city remained stable.

    June 2021 - Week 2 (12 - 18):

    • The price of gold opened the 3rd week of June in Pune at the rate of Rs.4,933 per gram.
    • The highest rate for the month was recorded on the 3rd of June wherein a gram of gold was being traded at the rate of Rs.4,991. The lowest rate was recorded on the closing day of the third week wherein it stood at the rate of Rs.4,775 per gram.
    • There was an overall decline in the performance of the gold rate in Pune.

    June 2021 - Week 4 (19 - 25):

    • Gold price in Pune on 19th June was Rs.4,749 per gram. The price of the precious metal was down by Rs.26 in the city when the rate was compared to the closing price of the previous week.
    • The yellow metal recorded its lowest price for the month till date on 21st June. On the mentioned date, a gram of 24-karat gold cost Rs.4,739 in the city.
    • Gold closed the fourth week of June at Rs.4,749 per gram. The overall performance of gold in the city was one of decline.

    June 2021 - Week 5 (26 - 30):

    • A gram of 24-karat gold cost Rs.4,760 per gram in Pune at the start of the final week of June. The price of the precious metal shot up by Rs.11 in the city when compared to the closing rate of the previous week.
    • Over the week, gold price recorded a decline in the city as the price of the precious metal slipped on 28th and 30th June.
    • Gold price in Pune closed the week at the lowest recorded price for the month. A gram of the yellow metal costed Rs.4,728 in the city with the overall performance being one of decline.

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

    Parameters Gold price (24 karat)
    May 1 Rate Rs.4,718 per gram
    May 31 Rate Rs.4,949 per gram
    Highest Rate in May Rs.4,970 per gram on 26 May
    Lowest Rate in May Rs.4,718 per gram on 1 and 2 May
    Overall Performance Incline

    May 2021 - Week 1 (1 - 7):

    • Gold price in Pune was Rs.4,718 per gram on 1 May and was steady on 2 May. The price of the metal increased to Rs.4,739 per gram on 3 May due to a weaker dollar value in the market.
    • The price of the metal increased further to Rs.4,760 per gram on 4 May. However, on 5 May, the gold rate in Pune decreased to Rs.4,728 per gram.
    • On 6 May, gold prices increased to Rs.4,739 per gram and hit its weekly high on 7 May at Rs.4,791 per gram, and closed the week at the same rate.

    May 2021 - Week 2 (8 - 14):

    • Gold price in Pune on 8th May was Rs.4,802 per gram. The price of gold was up by Rs.11 when the rate was compared to the closing price of the previous week.
    • The price of gold remained unchanged in the city over the next three days. Gold rate slipped on 12th May and a gram was retailed for Rs.4,791.
    • Gold closed the second week of May at Rs.4,807 per gram after the rate increased on the final day. The overall performance of the yellow metal in the city was of incline.

    May 2021 - Week 3 (15 - 21):

    • Gold price in Pune at the start of the third week of May was Rs.4,833 per gram. When compared to the closing price of the previous week, the price of the yellow metal was up by Rs.26 for every gram.
    • The price of the previous metal increased in the city over the week after remaining unchanged on 16th May. Gold recorded its highest price for the month till date on 20th May with a gram being retailed for Rs.4,907.
    • Gold closed the week at Rs.4,907 per gram after the rate didn’t see any change on the final day. The overall performance of the yellow metal in Pune was of incline.

    May 2021 - Week 4 (22 - 28):

    • The gold rate in Pune opened the fourth week of May at Rs.4,907 per gram on 22 May and was steady at the same rate on 23 May. The price of the yellow metal increased marginally on 24 May at Rs.4,917 per gram.
    • The price of gold remained steady on 25 May due to a mute trend in the market. However, due to a weak dollar, gold rates increased to hit its monthly high on 26 May at Rs.4,970 per gram.
    • However, on the following day, gold rates decreased due to the recovery of the dollar value to Rs.4,949 per gram on 27 May, closing the week at Rs.4,928 per gram on 28 May.

    May 2021 - Week 5 (29 - 31):

    • On 29 May, gold prices opened at Rs.4,943 per gram in Pune and remained steady on 30 May due to mute international trends.
    • At the end of the month, the price of gold increased marginally and closed at Rs.4,949 per gram due to a weaker dollar value.

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

    Parameters Gold price (24 karat)
    April 1 Rate Rs.4,516 per gram
    April 30 Rate Rs.4,718 per gram
    Highest Rate in April Rs.4,849 er gram on 22 April
    Lowest Rate in April Rs.4,516 per gram on 1 April
    Overall Performance Incline

    April 2021 - Week 1 (1 - 4):

    • At the start of the final week of March, the price of gold in Pune was Rs.4,514 per gram. There was a drop of Rs.8 in the price of the yellow metal when the rate was compared to the closing price of the previous week.
    • Gold rate in Pune slipped over the last two days of the month and closed at Rs.4,461 per gram. This was the lowest recorded price of the yellow metal in the city for the month of March.
    • In Pune, the overall performance of the precious metal was one of decline.

    April 2021 - Week 2 (5 - 11):

    • In Pune, gold was priced at Rs.4,552 per gram on 5 April and increased marginally to Rs.4,565 per gram on 6 April. The price of the metal increased further to cross the Rs.4,600 per-gram mark at Rs.4,617 per gram on 7 April.
    • Gold rate in Pune increased to Rs.4,667 per gram on 8 April and increased to hit its highest for the week and month at Rs.4,711 per gram on 9 April.
    • The price of the yellow metal declined marginally to below the Rs.4,700 per-gram mark at Rs.4,698 per gram and closed the week at the same rate on 11 April.

    April 2021 - Week 3 (12 - 18):

    • In Pune, a gram of 24-karat gold was priced at Rs.4,702 per gram. When compared to the price charged on the final day of the previous week, the rate was up by Rs.4.
    • Gold price in Pune increased gradually over the week and closed at Rs.4,754 per gram.
    • The closing price of the yellow metal in the city was the highest recorded price of the precious metal for the month till date. Gold’s overall performance in Pune was one of incline.

    April 2021 - Week 4 (19 - 25):

    • A gram of gold was priced at Rs.4,781 per gram on 19 April in Pune and held steady at the same price on 20 April. The price of the metal increased by Rs.47 to cross the Rs.4,800 per-gram mark on 21 April at Rs.4,828 per gram.
    • The price of the metal increased further on 22 April at Rs.4,849 per gram which was the highest value of gold in April. On 23 April, gold prices declined to Rs.4,823 per gram as the dollar value recovered.
    • On 24 April, the price of the yellow metal declined further to Rs.4,802 per gram and on 25 April, the metal closed the week at the same rate. 

    April 2021 - Week 5 (26 - 30):

    • In Pune, gold was priced Rs.4,802 per gram at the start of the final week of April. There was no change in the price of the yellow metal when the rate was compared to the closing price of the previous week.
    • Over the next two days, gold price slipped in the city and a gram of the precious metal cost Rs.4,754 on 28th April. While the price witnessed a slight increase on the penultimate day of the month, it slipped again on the last day.
    • Gold price in Pune closed the month at Rs.4,718 per gram. The overall performance of the yellow metal in the city was one of incline.

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

    Parameters Gold price (24 karat)
    March 1 Rate Rs.4,662 per gram
    March 31 Rate Rs.4,461 per gram
    Highest Rate in March Rs.4,662 per gram on 1 March
    Lowest Rate in March Rs.4,461 per gram on 31 March
    Overall Performance Decline

    March 2021 - Week 1 (1 - 7):

    • Gold price in Pune was priced Rs.4,662 per gram on 1 March. There was an increase of Rs.25 in the price of the yellow metal when the rate was compared to the closing price of the previous week.
    • Having opened the month at the highest recorded price for the month till date, the price of gold fluctuated over the next two days before slipping in the city. The drop in the rates saw the yellow metal record its lowest price till now on 5th March when a gram was retailed for Rs.4,479.
    • In Pune, gold price increased on 6th March and closed the week at Rs.4,516 per gram. The overall performance of the precious metal in the city was one of decline.

    March 2021 - Week 2 (8 - 14):

    • In Pune, gold prices opened the second week of the month at Rs.4,521 per gram and dipped to Rs.4,481 per gram on the following day due to a stronger dollar value. On 10 March, the metal’s value recovered and was Rs.4,515 per gram.
    • With a lower yield seen in the U.S. Treasury, gold prices increased to Rs.4,540 per gram on 11 March and increased further to Rs.4,510 per gram on 12 March with a weaker U.S. dollar value.
    • Gold prices showed an inclining trend throughout the week, increasing to Rs.4,531 per gram on 13 March and closed the week at the same rate at Rs.4,531 per gram on 14 March.

    March 2021 - Week 3 (15 - 21):

    • A gram of 24-karat gold cost Rs.4,528 in Pune at the start of the third week of March. When compared to the closing price of the previous week, the rate charged for a gram was down by Rs.3.
    • In Pune, gold price increased over the next three days of the week and a gram of the yellow metal was retailed for Rs.4,550 on 18th March. The price of gold slipped on 19th March before increasing on 20th March.
    • Gold price in Pune closed the week at Rs.4,541 per gram after the rate didn’t see any change on the final day. The overall performance of the yellow metal in the city was one of decline.

    March 2021 - Week 4 (22 - 28):

    • In Pune, 24-karat gold was priced at Rs.4,541 per gram on 22 March and increased to cross the Rs.4,500 per-gram mark at Rs.4,518 per gram on 23 March. The price of the metal recorded marginal inclines, increasing to Rs.4,520 per gram on 24 March.
    • The price of the yellow metal was Rs.4,526 per gram on 25 March, however, as the dollar value recovered, the gold rate in Pune dipped to Rs.4,506 per gram on 26 March.
    • The price of the metal recovered and increased marginally by Rs.16 to Rs.4,522 per gram on 27 March and closed the week at the same rate on 28 March, recording an overall decline in prices.

    March 2021 - Week 5 (29 - 31):

    • At the start of the final week of March, the price of gold in Pune was Rs.4,514 per gram. There was a drop of Rs.8 in the price of the yellow metal when the rate was compared to the closing price of the previous week.
    • Gold rate in Pune slipped over the last two days of the month and closed at Rs.4,461 per gram. This was the lowest recorded price of the yellow metal in the city for the month of March.
    • In Pune, the overall performance of the precious metal was one of decline.

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

    Parameters Gold price (24 karat)
    February 1 Rate Rs.4,984 per gram
    February 28 Rate Rs.4,637 per gram
    Highest Rate in February Rs.4,984 per gram on 1 February
    Lowest Rate in February Rs.4,646 per gram on 19 February
    Overall Performance Decline

    February 2021 - Week 1 (1 - 7):

    • In Pune, a gram of 24-karat gold was priced at Rs.4,984 per gram on 1 February and declined by Rs.70 to Rs.4,914 per gram on 2 February. Declining further, gold prices in Pune was Rs.4,857 per gram on 3 February.
    • Falling below the Rs.4,900 per-gram mark, the price of gold dipped to Rs.4,811 per gram on 4 February and soon was at its lowest in the week at Rs.4,752 per gram on 5 February.
    • The price of the metal recovered marginally on 6 February at Rs.4,782 per gram and closed at the same rate on 7 February recording an overall decline during the week.

    February 2021 - Week 2 (8 - 14):

    • Opening the week at Rs.4,770 per gram on 8 February, the price of gold in Pune increased to cross the Rs.4,800 per-gram mark at Rs.4,851 per gram on 9 February and dipped to Rs.4,844 per gram on 10 February.
    • Gold prices dipped further to Rs.4,821 per gram on 11 February and further declined to below the Rs.4,800 per-gram mark at Rs.4,796 per gram on 12 February.
    • Gold rates in Pune decreased to Rs.4,781 per gram as investors shifted to the equities market on a stronger dollar and closed the week at Rs.4,781 per gram on 14 February.

    February 2021 - Week 3 (15 - 21):

    • The price of gold in Pune was Rs. 4,776 per gram at the start of the third week of February. Gold price in the city was down by Rs.5 for every gram when it was compared to the closing price of the previous week.
    • While gold rate increased the next day, it slipped over the next few days and recorded the lowest price for the month till date on 19th February. On the mentioned date, the price of gold was Rs.4,646 per gram.
    • Gold price in Pune recovered slightly the next day and closed the penultimate week of the month at Rs.4,684 per gram. The overall performance of the yellow metal in the city witnessed a declining trend.

    February 2021 - Week 4 (22 - 28):

    • Gold rate in Pune opened the last week of the month at Rs.4,683 per gram and increased on the following day to cross the Rs.4,700 per-gram mark at Rs.4,739 per gram due to a weak trend seen in the international market for the U.S. dollar value. The price f the metal declined further to Rs.4,727 per gram on 24 February.
    • On 25 February, gold prices declined further to Rs.4,702 per gram as the dollar value recovered in the market and settled at Rs.4,671 per gram on 26 February.
    • Towards the end of the week, gold prices trader lower at Rs.4,637 per gram on 27 February and closed the week at the same price with an overall declining trend.

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

    Parameters Gold price (24 karat)
    January 1 Rate Rs.5,068 per gram
    January 31 Rate Rs.4,977 per gram
    Highest Rate in January Rs.5,203 per gram on 6 January
    Lowest Rate in January Rs.4,941 per gram on 18 January
    Overall Performance Decline

    January 2021 - Week 1 (1 - 9):

    • A gram on gold rate in Pune was priced at Rs.5,068 per gram on 1 January and increased to Rs.5,088 per gram on the following day. After holding steady at the same price on 3 January, the metal’s price inclined to Rs.5,135 per gram on 4 January.
    • Increasing further to Rs.5,186 per gram on 5 January, the yellow metal hit its highest price of the week at Rs.5,203 per gram on 6 January. However, soon after doing so, the metal’s price declined.
    • The price of the metal was Rs.5,148 per gram on 7 January and dipped to Rs.5,135 per gram on 8 January, closing the week at Rs.5,038 per gram, recording an overall decline in prices.

    January 2021 - Week 2 (10 - 16):

    • In Pune, a gram of the 24-karat gold was priced Rs.5,038 on 10th January. The price of gold didn’t see any change when the rate was compared to the closing price of the previous week.
    • The price of gold recorded a decline of Rs.40 for every gram the next day and was retailed for Rs.4,998 per gram. While the price increased on 12th January, it slipped gradually from 14th January.
    • Gold price in Pune closed the second week of January at Rs.4,948 per gram, which was the lowest for the month till date. The rates witnessed a declining trend in the city.

    January 2021 - Week 3 (17 - 23):

    • Opening the third week of January, gold prices in Pune were Rs.4,948 per gram on 17 January and dipped to its lowest of the month at Rs.4,941 per gram on 18 January. However, the gold rate recovered and was Rs.4,962 per gram on the following day.
    • The value of the metal increased marginally on 20 January to Rs.4,965 per gram and crossed the Rs.5,000 per-gram mark on the following day at Rs.5,015 per gram.
    • However, with hopes of another stimulus package from the United States government, gold prices took a hit and declined to Rs.4,986 per gram on 22 January and closed the week at Rs.4,977 per gram on 23 January.

    January 2021 - Week 4 (24 - 31):

    • A gram of the 24-karat gold was priced Rs.4,977 per gram at the start of the final week of January in Pune. The price of the yellow metal didn’t see any change when the rate was compared to the closing price of the previous week.
    • The price of gold slipped for most part of the week. A gram of the yellow metal was retailed for Rs.4,941 on 27th January. While there was a slight improvement on 28th January, the rate slipped again on 29th January and cost Rs.4,925 per gram.
    • Gold price in Pune closed the week at Rs.4,977 per gram after the rates increased on the penultimate day of the week. The overall performance of gold witnessed a declining trend in the rates.

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

    Parameters Gold price (24 karat)
    December 1 Rate Rs.4,835 per gram
    December 31 Rate Rs.5,063 per gram
    Highest Rate in December Rs.5,120 per gram on 21 December
    Lowest Rate in December Rs.4,835 per gram on 1 December
    Overall Performance Incline

    December 2020 - Week 1 (1 - 6):

    • In Pune, gold opened the first week of December at Rs.4,835 per gram. The price of gold was down by Rs.44 for every gram when compared to the closing price of the previous month.
    • Gold recorded its highest and lowest price for the month till date on 4th and 1st of December when a gram was retailed for Rs.4,965 and Rs.4,835 per gram respectively.
    • Gold rate in Pune slipped marginally on 5th December and closed the week at Rs.4,961 per gram. The overall performance of the yellow metal in Pune witnessed an inclining trend in the rates.

    December 2020 - Week 2 (7 - 13):

    • Recording an overall inclining trend for the week, gold price in Pune opened the second week of the month at Rs.4,958 per gram on 7 December and increased to its highest on 8 December at Rs.5,046 per gram.
    • After hitting its highest price, gold showed a decline to Rs.4,936 per gram on 9 December. However, the metal’s value increased marginally to Rs.4,979 per gram on 10 December.
    • On 11 December, the gold rate in Pune was Rs.4,973 per gram and increased to Rs.4,992 per gram on 12 December and closed the week at the same rate.

    December 2020 - Week 3 (14 - 20):

    • In Pune, a gram of gold was priced Rs.4,992 on 14th December. The price of gold saw no change when the price was compared to the closing price of the previous week.
    • The price of gold recorded a decline of Rs.29 for every gram on 15th December and was retailed for Rs.4,963. Gold price recovered quickly and was on an upward curve for the rest of the week.
    • Gold price in Pune closed the third week of December at Rs.5,084 per gram which was the highest recorded price of the yellow metal for the month till date. The overall performance of the previous metal was one of incline.

    December 2020 - Week 4 (21 - 27):

    • A gram of gold rate in Pune was priced at Rs.5,120 per gram on 21 December and was the highest price of the metal during the week. On 22 December, the metal’s price dipped to Rs.5,098 per gram and further to Rs.5,052 per gram on 23 December.
    • On 24 December, the price of the metal increased marginally to Rs.5,053 per gram and increased to Rs.5,066 per gram on 25 December.
    • Increasing marginally to Rs.5,069 per gram on 26 December, the price of the metal remained steady on the last day of the week and closed at the same rate on 27 December.

    December 2020 - Week 5 (28 - 31):

    • In Pune, a gram of the 24-karat gold was priced Rs.5,099 on 28th December. The price of gold was up by Rs.30 per gram when the rate was compared to the closing price of the previous week.
    • The price of gold recorded a decline of Rs.44 for every gram on 29th December and was retailed for Rs.5,055. Gold price recorded some fluctuations over the next two days in Pune.
    • Gold closed the fifth week of December at Rs.5,063 per gram in Pune. The overall performance of the precious metal in the city was one of incline.

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

    Parameters Gold price (24 karat)
    November 1 Rate Rs.5,162 per gram
    November 30 Rate Rs.4,879 per gram
    Highest Rate in November Rs.5,205 per gram on 7 November to 9 November
    Lowest Rate in November Rs.4,879 per gram on 30 November
    Overall Performance Decline

    November 2020 - Week 1 (1 - 8):

    • At the beginning of November, the gold rate in Pune opened at Rs.5,162 per gram on 1 November and remained steady until 4 November at the same price. However, on 5 November, the metal hit its weekly low at Rs.5,127 per gram.
    • On 6 November, the price of the metal increased to Rs.5,178 per gram due to the uncertainty around the U.S. elections which kept risk appetite at bay.
    • The price of the metal on 7 November increased to cross the Rs.5,200 per gram mark at Rs.5,205 per gram and closed the week at the same price on 8 November, recording an overall weekly incline.

    November 2020 - Week 2 (9 - 15):

    • Gold opened the second week of November at Rs.5,205 per gram in Pune. When compared to the closing price of the previous week, there was no change in the rates.
    • The price of gold slipped in the city over the next few days and recorded its lowest price for the month till date on 12th November when a gram was retailed for Rs.5,066.
    • While the rates increased the next day, it slipped again and closed the week at Rs.5,099 per gram. Gold’s overall performance in Pune witnessed a declining trend.

    November 2020 - Week 3 (16 - 22):

    • Gold rate in Pune was Rs.5,149 per gram on 16 November, opening the third week of November. The price of the metal dipped to Rs.5,118 per gram on the following day as the dollar value increased in the market.
    • On 19 November, gold price in Pune was Rs.5,081 per gram, dropping from Rs.5,100 per gram on 18 November. On 20 November, the metal hit its lowest price of the month at Rs.5,059 per gram on increased risk appetite amongst investors.
    • On 21 November, the price of the metal was Rs.5,075 per gram and closed the week at the same rate on 22 November, recording an overall weekly decline.

    November 2020 - Week 4 (23 - 30):

    • Opening at Rs.5,066 per gram on 23 November, the gold rate in Pune showed a declining trend throughout the month. On 24 November, the price of the metal dropped to Rs.4,953 per gram and further to Rs.4,949 per gram on 25 November.
    • With the rise in the dollar value, risk appetite increased amongst investors and gold rates dipped to Rs.4,914 per gram on 26 November. On the following day, gold prices decreased to Rs.4,881 per gram.
    • The price of the metal was at its lowest on 28 November at Rs.4,879 per gram and closed at the same rate on 30 November.

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

    Parameters Gold price (24 karat)
    October 1 Rate Rs.5,159 per gram
    October 31 Rate Rs.5,162 per gram
    Highest Rate in October Rs.5,231 per gram on 13 October
    Lowest Rate in October Rs.4,914 per gram on 18 and 19 October
    Overall Performance Incline

    October 2020 - Week 1 & 2 (1 -11):

    • Gold price in Pune opened the first week of October at Rs.5,159 per gram on the first day of the month and increased to Rs.5,167 per gram on 4 October and held steady on 5 October as well.
    • After dipping to Rs.5,143 per gram on 6 October, the price of the metal increased marginally on 7 October to Rs.5,189 per gram. However, the gold price decreased to hit its lowest at Rs.5,130 per gram on 9 October.
    • On 10 October, the price of gold increased from the lower prices to Rs.5,178 per gram and on the last day of the week, the metal closed at Rs.5,202 per gram on 11 October.

    October 2020 - Week 3 (12 - 18):

    • Gold price in Pune at the start of the third week of October was Rs.5,202 per gram. There was no change in the rates when compared to the price charged on the final day of the previous week.
    • The price of gold climbed in the city the next day and recorded its highest price for the month till date when a gram was retailed for Rs.5,231.
    • Gold price slipped following that and closed the week at Rs.4,914 per gram. This was the lowest recorded price for the month till date. Gold’s overall performance witnessed a declining trend in Pune.

    October 2020 - Week 4 (19 - 25):

    • At the beginning of the fourth week of October, gold prices in Pune opened at Rs.4,914 per gram and remained steady throughout the rest of the week.
    • On 20 October, the price of the metal increased to Rs.5,162 per gram as the value of the dollar dipped in the market.
    • Due to constant fluctuations and the uncertainty over the U.S. stimulus package, the price of the metal remained steady at Rs.5,162 per gram until 25 October 2020.

    October 2020 - Week 5 (26 - 31):

    • Gold price in Pune at the start of the fifth week of the month was Rs.5,162 per gram. There was no change in the rates when compared to the closing price of the previous week.
    • Over the week, the price of gold didn’t see any change in the city.
    • Gold closed the week at Rs.5,162per gram with the overall performance witnessing an inclining trend in Pune.

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

    Parameters Gold price (24 karat)
    September 1 Rate Rs.5,250 per gram
    September 30 Rate Rs.5,145 per gram
    Highest Rate in September Rs.5,311 per gram on 17 September
    Lowest Rate in September Rs.5,072 per gram on 29 September
    Overall Performance Decline

    September 2020 - Week 1 (1 - 6):

    • In Pune, opening the first week of the month at Rs.5,250 per gram on 1 September, the gold rate showed a declining trend throughout the week due to a rise in dollar value and increased risk appetite.
    • On 2 September, gold price increased and recorded its weekly high at Rs.4,276 per gram and dipping further to Rs.5,202 per gram on 3 September. The metal was at its lowest on 4 September at Rs.5,181 per gram.
    • Gold rate in Pune closed the first week of the month at Rs.5,207 per gram on 6 September and showed an overall decline.

    September 2020 - Week 2 (7 - 13):

    • In Pune, gold opened the second week of September at Rs.5,207 per gram. There was no change in the rates when compared to the price charged on the final day of the week.
    • While the rates remained unchanged the next day, it increased gradually over the next few days. A gram of the 24-karat gold was retailed for Rs.5,263 per gram on 11th September.
    • The price of the gold slipped over the next two days and closed the week at Rs.5,231 per gram. Gold’s overall performance witnessed a declining trend in the rates.

    September 2020 - Week 3 (14 - 20):

    • Gold opened the third week of September at Rs.5,231 per gram in Pune. When compared to the closing price of the previous week, there was no change in the rates.
    • The price of gold climbed in the city over the next few days and recorded its highest price for the month till date on 17th September when a gram was retailed for Rs.5,311.
    • While the rates slipped the following day, it recovered gradually and closed the week at Rs.5,300 per gram. The overall performance witnessed an inclining trend.

    September 2020 - Week 4 (21 – 27):

    • Opening the fourth week of the month at Rs.5,300 per gram, gold price in Pune dipped to Rs.5,282 per gram on 22 September and further to Rs.5,211 per gram on 23 September as the dollar value rose against other currencies.
    • The price of the metal dipped further to Rs.5,145 per gram on 24 September and was priced at Rs.5,111 per gram by 25 September.
    • The metal recorded its lowest price of the month on 26 September at Rs.5,090 per gram as the value of the dollar rising increased risk appetite. The metal closed at the same rate on 27 September.

    September 2020 - Week 5 (28 - 30):

    • Gold opened the fifth and final week of September at Rs.5,090 per gram. There was no change in the rates when compared to the price charged on the final day of the previous week.
    • The price of gold slipped the next day and recorded its lowest price for the month. A gram of the precious metal was retailed for Rs.5,072 on the mentioned date.
    • Gold price in Pune increased on the final day of the month and closed the month at Rs.5,145 per gram. The overall performance of gold witnessed a declining trend in the rates.

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

    Parameters Gold price (24 karat)
    August 1 Rate Rs.5,450 per gram
    August 31 Rate Rs.5,240 per gram
    Highest Rate in August Rs.5,723 per gram on 8 August
    Lowest Rate in August Rs.5,221 per gram on 29 August
    Overall Performance Decline

    August 2020 - Week 1 (1 - 9):

    • Gold price in Pune was Rs.5,450 per gram on 1 August and was steady for the following two days till 3 August due to mixed trends in the international market.
    • The price of gold increased substantially to cross the Rs.5,500 per gram mark at Rs.5,502 per gram and held steady. With the rise in COVID-19 cases all over the world, demand for gold inclined.
    • The gold rate increased to hit its highest price at Rs.5,723 per gram on 8 August and closed the week at Rs.5,717 per gram on 9 August recording an overall percentage incline.

    August 2020 - Week 2 (10 - 16):

    • Gold price in Pune was Rs.5,717 per gram on 10 August. There was no change in the rates when compared to the closing price of the previous week.
    • The rate of the yellow metal slipped to Rs.5,246 per gram on 12th August. This was the lowest recorded price of the precious metal for the month till date.
    • While the rates improved in the city over the next few days, it slipped on the last day of the week and closed at Rs.5,378 per gram. The overall performance witnessed a declining trend.

    August 2020 - Week 3 (17 - 23):

    • In Pune, the gold rate opened the third week of the month at Rs.5,378 per gram on 17 August and dipped to Rs.5,360 per gram on the following day.
    • On 19 August, gold price in Pune was Rs.5,482 per gram, rising due to global economic uncertainties. However, the metal’s price dipped marginally to Rs.5,458 per gram on 20 August.
    • With the value of the dollar rising in the international market, the gold rate dipped further on 21 August to below the Rs.5,400 per gram mark to Rs.5,354 per gram and closing the week at Rs.5,370 per gram on 23 August.

    August 2020 - Week 4 (24 - 31):

    • Gold price in Pune was Rs.5,370 per gram on 24th August. When compared to the closing price of the previous week, there was no change in the rates.
    • The rate of gold slipped to Rs.5,221 per gram on 29th August. This was the lowest recorded price of the precious metal for the month in the city.
    • The price of gold climbed over the last two days of the week and closed the week at Rs.5,240 per gram. Gold’s overall performance in Pune witnessed a declining trend.

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

    Parameters Gold price (24 karat)
    July 1 Rate Rs.4,904 per gram
    July 31 Rate Rs.5,397 per gram
    Highest Rate in July Rs.5,397 per gram on 31 July
    Lowest Rate in July Rs.4,883 per gram from 4 – 6 July
    Overall Performance Incline

    July 2020- Week 1 (01 - 05):

    • In the city of Pune, the value of gold opened the month at Rs.4,904 per gram on 1 July and showed an overall declining trend throughout the week. However, the metal hit its highest price in more than 7 years on 2 July, crossing the Rs.5,000 per gram mark at Rs.5,003 per gram with the surge in COVID-19 cases all over the United States of America along with other countries.
    • However, the value of gold dipped on 3 July with renewed optimism amongst investors after positive data was showcased in the United States of America along with reports of the COVID-19 vaccine which prompted investors to shift to the equities market. The price of the precious metal was Rs.4,887 per gram on 3 July and dipped further to Rs.4,883 per gram on 4 July.
    • On the last day of the week, the value of the precious metal dipped further and closed the week at Rs.4,883 per gram with an overall weekly decline.

    July 2020 - Week 2 (06 - 12):

    • Opening the second week of the month at Rs.4,883 per gram on 6 July, the value of the metal showed an inclining trend throughout the week. With the constant rise in COVID-19 cases all over the world, risk appetite amongst investors dipped and the demand for the safe-haven metal rose. On 7 July, gold prices increased to Rs.4,993 per gram with demand for the metal rising. However, the value of the metal dipped on 8 July following the recovery of the U.S. dollar in the market which prompted investors to shift to equities.
    • On 9 July, the price of the metal increased to cross the Rs.5,009 per gram with the constant rise in fresh cases in the United States of America and India. Investors shifted back to the bullion market due to safe-haven demand. The value of the metal on 10 July increased and hit the highest value in the week at Rs.5,067 per gram.
    • The price of the precious metal dipped marginally to Rs.5,040 per gram on 11 July with investors speculating an economic recovery which increased risk sentiment and shifted away from the bullion market. The value of the metal on the last day of the week dipped further to below the Rs.5,000 per gram mark at Rs.4,946 per gram, closing with an overall inclining trend.

    July 2020 - Week 3 (13 - 19):

    • Gold price in Pune at the start of the third week of July was Rs.4,946 per gram. The price charged for a gram of the yellow metal was similar to what was charged on the final day of the previous week.
    • Over the next few days, gold prices increased in the city. The jump in the rates saw a gram of gold being retailed for Rs.5,061.
    • The rates dropped in Pune the following day and closed the week at Rs.5,035 per gram. The price of gold witnessed an inclining trend in the rates over the week.

    July 2020 - Week 4 (20 - 26):

    • At the start of the fourth week of July, gold price in Pune was Rs.5,035 per gram. There was no change in the price when compared to what was charged on the final day of the previous week.
    • The price of gold witnessed an inclining trend in the city over the week. A gram of the 24-karat gold was retailed for Rs.5,114 on 23rd July.
    • Gold price closed the week at Rs.5,208 per gram in Pune. The closing price was the highest for the month of July till date.

    July 2020 - Week 5 (27 - 31):

    • Gold prices in Pune were Rs.5,208 per gram at the beginning of the last week of the month on 27 July and showed no change compared to the previous week’s closing price.
    • On the following day, the price of gold increased to cross the Rs.5,300 per gram mark and held steady on 29 July as well.
    • With the rise in COVID-19 cases, decreased risk appetite and increased safe-haven demand of the metal, gold prices increased and were at its highest on 31 July, closing at Rs.5,397 per gram.

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

    Parameters Gold price (24 karat)
    June 1 Rate Rs.4,799 per gram
    June 30 Rate Rs.4,988 per gram
    Highest Rate in June Rs.4,988 per gram on 30 June
    Lowest Rate in June Rs.4,685 per gram on 8 June
    Overall Performance Incline

    June 2020 - Week 1 (1 - 7):

    • In Pune, the yellow metal opened the month of June at Rs.4,799 per gram. Compared to the closing price of the previous month, there was no incline or decline in the rates.
    • The rates climbed in the city over the next two days due to concerns of a fresh economic setback after riots broke out in major cities of the United States. The increase in the rates saw gold record its highest price for the month till date on 3rd June with a gram costing Rs.4,825.
    • The rates of the precious metal dipped in the city following that as equity markets rallied on economic optimism. Gold closed the opening week of June at Rs.4,685 per gram, the lowest recorded price of the metal for the month till date. In Pune, the overall performance of the yellow metal witnessed a declining trend.

    June 2020 - Week 2 (8 - 15):

    • In Pune, the yellow metal showed a steady trend, opening the week on 9 June and was priced at Rs.4,698 per gram and held steady on 10 June. With various factors affecting gold prices in the international market, the price of the metal showed fluctuations in the first half of the week. On 11 June, gold prices inclined and crossed the Rs.4,800 per gram mark at Rs.4,825 per gram. With investors awaiting the economic data from the United States Federal Reserve on the U.S., risk appetite was held at bay. However, with the dollar value recovering marginally in the market, the price of the metal dipped to Rs.4,767 per gram on 12 June.
    • On 13 June, the price of the metal remained the same and held steady with investors awaiting the economic data. However, with a poor economic projection of the United States of America by the United States Federal Reserve, safe-haven demand of the metal increased in the international market. The price of the metal, on 14 June was Rs.4,767 per gram and closed at the same price recording an overall decline.

    June 2020 - Week 3 (16 - 21):

    • In Pune, gold was priced Rs.4,858 per gram on 16th June. Compared to what was charged on the final day of the previous week, the rates for every gram were up by Rs.91.
    • While the rates slipped the following day, gold recorded its highest price for the month till date on 18th June with a gram costing Rs.4,893. Over the next three days, the rates of the yellow metal fluctuated in the city.
    • Gold closed the third week of June at Rs.4,872 per gram in Pune. The overall performance of the yellow metal witnessed an inclining trend in the rates over the week.

    June 2020 - Week 4 (22 - 30):

    • The yellow metal opened the fourth and final week of June at Rs.4,872 per gram. There was no change in the rates of gold when compared to what was charged on the final day of the previous week.
    • While the rates witnessed slight fluctuations over the next two days, the rates shot up to Rs.4,977 per gram on 25th June as mounting virus cases drove the safe-haven demand.
    • Gold rates dipped in the city after staying constant for a day before increasing again and closing the week at Rs.4,988 per gram. The closing price of the metal was the highest for the month with the rates witnessing an inclining trend.

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

    Parameters Gold price (24 karat)
    May 1 Rate Rs.4,699 per gram
    May 31 Rate Rs.4,799 per gram
    Highest Rate in May Rs.4,841 per gram on 16 May
    Lowest Rate in May Rs.4,646 per gram on 2 May
    Overall Performance Decline

    May 2020 - Week 1 (1 - 9):

    • Gold rate in Pune opened in May at Rs.4,699 per gram in Pune. There was a decline of Rs.62 for every gram of the 24-karat gold when compared to the price charged on the last day of the previous month.
    • The rate of gold in Pune slipped to its lowest for the month on 2nd May with a gram costing Rs.4,646 per gram. However, the price of gold improved immediately due to the fear of a new trade war between the United States of America and China over the origin of novel coronavirus. The gold recorded its highest price for the month on 3rd and 4th May with a gram costing Rs.4,751 in the city.
    • While the rate dropped in Pune on 5th May, it recovered and closed the week at Rs.4,646 per gram. Over the week, the overall performance of gold witnessed a declining trend in Pune.

    May 2020 - Week 2 (10-16):

    • Pune saw a heavy incline in gold price since the first week of the month, opening the second week of May at Rs.4,678 per gram on 10 May and increasing further to Rs.4,694 per gram on 11 May. The price of gold showed an overall incline due to various global factors which included the rising number of fresh COVID-19 cases all over the world. TGold price in Pune, on 12 May, remained steady at Rs.4,694 per gram.
    • However, on 13 May, gold price in Pune increased substantially to Rs.4,741 per gram, increasing by Rs.47 per gram with various stimulus packages being released by central banks all over the world, boosting bullion prices in the international market. The metal, on 14 May dipped marginally to Rs.4,720 per gram with a strong dollar value in the market which prompted investors with higher risk appetite to shift to equities.
    • On 15 May, the price of gold had recovered its marginal losses and increased further to Rs.4,788 per gram with trade tensions between China and the United States of America increased amongst investors. With uncertainty hovering around the deal yet again, the price of gold in Pune hit its highest of the week at Rs.4,841 per gram on 16 May, crossing the Rs.4,800 per gram mark.

    May 2020 - Week 3 (17 - 23):

    • In Pune, a gram of the 24-karat was priced at Rs.4,841. Compared to the closing price of the previous week, there was no change in the rates of the yellow metal.
    • Gold recorded its highest price for the month in the city the next day as the rates of the yellow metal jumped to its highest in the international market since October 2012. The increase in the rates was witnessed as the bullion’s safe-haven metal was underpinned due to worries regarding the souring U.S. - China relations and the bleak U.S. economic data.
    • The rates remained unchanged for the next day before slipping as the U.S. dollar strengthened and hopes for a swift economic recovery dented the metal’s safe-haven appeal. Over the next couple of days, the rates remained stagnant in the city before declining by Rs.10 for every gram on the final day of the week. Gold closed at Rs.4,841 in Pune with the overall performance showing an inclining trend.

    May 2020 - Week 4 (24 - 31):

    • Pune saw fluctuating prices of gold in the last week of the month, opening at Rs.4,841 per gram on 24 May and dipping to Rs.4,830 per gram on 26 May. The price of the metal showed a decline due to increased risk appetite amongst investors after the positive date from Japanese equities. The price of the metal remained steady on 27 May at Rs.4,830 per gram with investors eagerly expecting the economy to recover faster.
    • On 28 May, the price of the precious metal dipped to a great extent to Rs.4,788 per gram in the city amidst the metal showcasing inclines in the international market. Gold was priced the same as on 28 May at Rs.4,788 per gram on 29 May as well. In the international market, the price of the metal had increased due to tensions between the United States of America and China over the imposition of security law in Hong Kong by China.
    • The metal’s price on 30 May held steady at Rs.4,788 per gram. However, on 31 May, the price of gold increased marginally due to the riots happening in the United States and tensions between Washington and Beijing increasing. Gold closed the month at Rs.4,799 per gram, increasing by Rs.11 and recording an overall weekly decline at the end of the month.

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

    Parameters Gold price (24 karat)
    April 1 Rate Rs.4,158 per gram
    April 30 Rate Rs.4,761 per gram
    Highest Rate in April Rs.4,846 per gram on 29 April
    Lowest Rate in April Rs.4,158 per gram from 1 - 18 April
    Overall Performance Incline

    April 2020 - Week 1 (1 - 4):

    • Gold price in Pune opened the first week of the month at Rs.4,158 per gram on 1 April. Compared to the previous week’s closing price, there were no changes in the price of the gold. After gold had hit new lows during the third week of the previous month, gold prices recovered marginally with investors awaiting the job data to be released by the United States of America.
    • Even though the gold price were at a low due to extensive selling off assets to hoard cash and the value of the dollar increasing, gold prices recovered with the United States of America releasing a poor job data to limit the losses of the precious metal.
    • At the end of the week, the gold rate in Pune closed at Rs.4,158 per gram with no decline or incline in its prices.

    April 2020 - Week 2 (5 -11):

    • Gold price in Pune opened the second week of April at Rs.4,158 per gram. Compared to the previous week’s closing price, there was no change in the rates of the yellow metal.
    • The gold rate saw no change in the city over the week even though the rates of the yellow metal saw some changes in the international market.
    • At the end of the week, gold rate in Pune closed at Rs.4,158 per gram in the city of Pune with no decline or incline in its prices.

    April 2020 - Week 3 (12 - 18):

    • The price of gold opened the third week of April at Rs.4,158 per gram in Pune. When compared to the closing price of the first and second week of the month, there was no change in the rates of the precious metal.
    • The gold rate saw no change in the city over the week even though there were constant fluctuations in the price of the metal in the international market. With speculations of a recession, gold prices increased to a great extent. However, with the measures taken by United States President, Donald Trump to reopen the economy of the country, the price of the metal declined.
    • At the end of the week, the metal closed the third week at Rs.4,158 per gram with no changes in its prices.

    April 2020 - Week 4 (19 - 25):

    • In Pune, gold was priced at Rs.4,158 per gram at the start of the fourth week of April. The rates of the gold saw no change in the city when compared to the closing price of the previous week.
    • The rates of gold increased in the city after staying constant for the next day as investors sought safe-havens after a historic slump in oil prices exacerbated fears of a global recession with many countries down lockdown due to the coronavirus pandemic. The yellow metal recorded its highest price for the month till date on 21st April with a gram costing Rs.4,817 per gram.
    • Gold prices dipped in the city following that as the dollar firmed following bleak economic data and a latest round of stimulus in the United States of America. The precious metal closed the week at Rs.4,746 per gram with the overall performance showing an incline in the rates over the week.

    April 2020 - Week 5 (26 - 30):

    • In Pune, the price of gold in the last week of the month was Rs.4,757 per gram on 26 April and held steady on 27 April as well. The price of the metal fluctuated throughout the week due to global factors and prices in the international market. With investors shifting to the stock market with increased risk appetite with speculations that the lockdown will be relaxed in the United States of America, the price of the bullion dipped.
    • On 28 April, the price of gold remained the same at Rs.4,757 per gram but on the next day increased to hit its highest at Rs.4,846 per gram on 29 April. The rise in prices came with central banks announcing stimulus packages to help the economy recover. At the end of the month, gold was priced at Rs.4,761 per gram, recording an overall incline.

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

    Parameters Gold price (24 karat)
    March 1 Rate Rs.4,263 per gram
    March 31 Rate Rs.4,158 per gram
    Highest Rate in March Rs.4,531 per gram on 7 March
    Lowest Rate in March Rs.4,116 per gram on 18 March
    Overall Performance Decline

    March 2020 - Week 1 (01 - 07):

    • Gold opened the first week of March at Rs.4,263 per gram in the city of Pune. The price of the gold was steady on 2 March as well at the same price with a subdued local demand. However, investors also awaited on a decision to be made on rate cuts by the United States Federal Reserve. On 3 March, as the Federal Reserve declared a rate cut to mitigate the effect of the Coronavirus on the economy, the gold rate increased to Rs.4,305 per gram and remained steady until 4 March.
    • On 5 March, the gold rate increased to a great extent by almost Rs.150 in a day. On the day, a gram of gold was priced at Rs.4,452 per gram and was steady until 6 March as well. The rise in prices was majorly due to safe-haven demand of the metal. Investors shifted to the bullion market with a higher number of new cases being reported along with an overall rise in the death toll due to the deadly virus.
    • The gold rate, on 7 March increased to hit its monthly and weekly high at Rs.4,531 per gram due to a rise in the local demand of the metal in the state. In the international markets, gold prices had recorded a slight dip in prices due to profit booking amongst investors. The metal closed the week and the month at Rs.4,531 per gram.

    March 2020 - Week 2 (8 - 14):

    • In Pune, gold opened the second week of March at Rs.4,531 per gram and stayed there for the next day. There was no change in the rates of the yellow metal when compared to the previous week’s closing price.
    • Gold prices slumped to Rs.4,494 on 10 March in Pune as hopes for global stimulus measures to shield the economic impact due to the outbreak of coronavirus lifted riskier assets and the dollar.
    • After staying constant for a day, the rates of the yellow plunged to 4,478 per gram on 12 March. The drop was accounted to investors shunning risky assets after the U.S announced a travel ban from virus-hit Europe, exacerbating fears of a global economic downturn.
    • The freefall in the prices was accelerated as gold headed for its biggest weekly loss since 1983 given that investors embarked on a selling spree to accumulate cash and meet margin calls across other markets which have been hurt by the impact of coronavirus outbreak. This meant that gold closed the week at Rs.4,253 per gram in Pune. The closing price was the lowest recorded price of the yellow metal in the city for the month till date with the overall performance showing a decline in the rates.

    March 2020 - Week 3 (15 - 21):

    • Gold prices in Pune opened the third week of March at Rs.4,253 per gram on 15 March and were steady on 16 March at the same price. However, even with the repo rates being cut down on an emergency basis by the United States Federal Reserve, the gold price dipped marginally to Rs.4,221 per gram on 17 March.
    • The major reason for the decline in prices was investors selling off their assets to keep cash in hand as governments announce lockdowns in different countries all over the world due to the Coronavirus. The gold rate dipped further to the lowest in the week and month till date at Rs.4,116 per gram on 18 March.
    • The price of the gold increased on 19 March to Rs.4,190 per gram with the European Central Bank announcing measures to be taken by them to help mitigate the losses faced in the economy. However, the gold price dipped to Rs.4,158 per gram on 20 March with investors going back to hoard cash in exchange for their assets. With Palladium hitting its lowest price in 18 years, the gold rate closed the week at Rs.4,158 per gram on 21 march.

    March 2020 - Week 4 (22 - 31):

    • In Pune, the yellow metal was priced at Rs.4,158 per gram at the start of the fourth week of March. The rates saw no change when compared to the closing price of the previous week.
    • While the price of the yellow metal fluctuated in the global market, the rates of the 24-karat gold didn’t see any change in Pune over the final week of March. In the international market, investors liquidated their positions in the safe-haven metal despite stimulus measures being announced to combat the economic damage caused by the coronavirus pandemic.
    • Gold closed the week in Pune at Rs.4,158 per gram i.e., the opening price of the week as the government imposed a 21-day lockdown with effect from March 25 to contain the spread of coronavirus which has affected people worldwide. In the city, the rates of the precious metal witnessed a declining trend.

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

    Parameters Gold price (24 karat)
    1st February Rate Rs.4,179 per gram
    29th February Rate Rs.4,358 per gram
    Highest Rate in February Rs.4,410 per gram on 25 February
    Lowest Rate in February Rs.4,132 per gram on 7 February
    Overall Performance Incline

    February 2020 - Week 1 (1 - 9):

    • Gold prices in Pune opened at Rs.4,179 per gram on 1 February. The metal recorded fluctuating prices throughout the week in the city amidst fears of the virus and other global factors. The metal remained steady for the first three days of the month and increased marginally to Rs.4,184 per gram on 4 February.
    • However, after 4 February, the metal’s prices began to dip gradually due to the measures taken by China to flow liquidity into the economy by cutting down the reverse repo rates. With this, and positive economic data from the United States prompted investors to shift back to the stock market. The price of the metal hit its lowest on 7 February at Rs.4,132 per gram.
    • At the end of the week, the price of the metal began to increase again. This was due to the virus intensifying and taking more lives in the quarantined country. The price of the metal at the end of the week was Rs.4,174 per gram recording an overall decline.

    February 2020 - Week 2 (10 - 16):

    • Gold prices in Pune stood at Rs.4,174 per gram at the start of the second week of February. Compared to the previous week’s closing price, the rates didn’t see any change in the prices.
    • With the number of confirmed coronavirus cases dropping in China and the risk appetite improving the rates of the yellow slipped in the city over the next few days. A gram of the 24-karat gold was retailed for Rs.4,158 on 13 February.
    • The rates of the precious metal increased the next day as there was a sudden increase in the number of deaths and infections due to coronavirus. Following that the rates remained steady as investors gauged the economic impact due to the outbreak of the deadly virus in China. Gold witnessed a declining trend over the month and closed at Rs.4,174 per gram.

    February 2020 - Week 3 (17 - 23):

    • In the city of Pune, the precious metal opened at Rs.4,174 per gram on 17 February in the third week of the month. The metal’s price remained steady after closing at the same price in its last session. With China liquidating funds and cutting down the reverse repo rates to support its economy, investors with a higher risk appetite shifted to the stock market. The metal remained steady on 18 February as well.
    • On 19 February, the price of the metal increased with the outbreak of the Coronavirus escalating all over the world. Traders shifted back to the bullion market, thus increasing its price and demand. The metal was priced at Rs.4,211 per gram and remained steady on 20 February as well.
    • The precious metal’s prices increased yet again on 21 February at Rs.4,237 per gram and held steady on 22 February as well. However, recording positive trends globally, the price of the metal increased and hit its highest price of the month at Rs.4,358 per gram on 23 February, closing at the same rate.

    February 2020 - Week 4 (24 to 29):

    • In the city of Pune, gold opened the fourth week of February at Rs.4,358 per gram. Compared to the previous week’s closing price, the rates of the yellow metal increased by Rs.21 for every gram in the city.
    • The rates of the yellow metal jumped to its highest for the month in the commercial capital the following day with every gram being retailed for Rs.4,410. The hike in the prices was accounted to the warning from the United States over the domestic spread of the coronavirus outbreak rattled global markets, supporting safe-haven demand.
    • Gold closed the final week of the month at Rs.4,358 per gram as investors moved away from riskier assets given that fears of a pandemic heightened as the number of coronavirus cases increased across the world. Over the month, an inclining trend in the prices of gold was witnessed in Pune.

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

    Parameters Gold price (24 karat)
    January 1 Rate Rs.3,985 per gram
    January 31 Rate Rs.4,179 per gram
    Highest Rate in January Rs.4,216 on 9 January
    Lowest Rate in January Rs.3,985 on 1 January
    Overall Performance Incline

    January 2020 - Week 1 (01 - 05):

    • In Pune, gold prices fluctuated in the first half of the week, opening at Rs.3,985 per gram. The price of the metal was the same when compared to last year’s closing price. However, there were no major fluctuations in prices in the second half of the week.
    • On 2 January, the price of the metal increased to Rs.4,011 per gram due to a falling dollar in the global market. As the value of the rupee increased, gold prices increased in the city as well. The price of the metal held steady at Rs.4,011 per gram till 3 January.
    • On 4 January, gold prices nearly hit 7-year highs at Rs.4,095 per gram due to the tensions between Iran and the United States of America. The price of the metal held steady till 5 January and closed at the same.

    January 2020 - Week 2(06 - 12):

    • Gold prices in Pune opened the week at Rs.4,095 per gram. The price of the metal showed major fluctuations throughout the week due to various factors concerning the United States of America and Iran. However, the yellow metal closed the second week at the same price at Rs.4,095 per gram.
    • On 7 January, the metal was priced at Rs.4,169 per gram with a gradual increase when compared to its opening. After remaining steady on 8 January as well, the metal hit its weekly high on 9 January at Rs.4,216 per gram. This was due to a steady local demand amidst a global slowdown in price trends.
    • However, on 10 January, as President Donald Trump declined acting against Iran in an attempt to retaliate to their attacks, investors quickly shifted from the bullion to the stock market. With an increased risk appetite, gold prices dipped and closed the week at Rs.4,095 per gram on 12 January.

    January 2020 - Week 3(13 - 19):

    • Gold opened the third week of the month in Pune at Rs.4,095 per gram and dipped marginally to Rs.4,074 per gram on 14 January. The marginal dip in prices was due to investors shifted to the stock market ahead of the trade deal being signed between China and the United States of America.
    • The price of the metal remained steady throughout most of the week at Rs.4,074 per gram due to steady demand from investors as speculations rose about the unresolved issues in the trade deal such as the tariff on Chinese goods. At the same time, tensions in the Middle East escalated to a great extent.
    • Investors shifted to the bullion due to its safe-haven appeal on 18 January due to the escalating tensions in Yemen. As a drone and military strike killed more than 100 soldiers, the demand for gold remained firm in the overseas market. However, in Pune, gold priced dipped by Rs.10 to Rs.4,064 per gram and closed at the same rate.

    January 2020 - Week 4 (20 - 26):

    • In Pune, gold price stood at Rs.4,064 per gram at the beginning of the fourth week of January. Compared to the previous week’s closing price, the rates remained unchanged.
    • The rates of the yellow metal increased to Rs.4,116 per gram on 22 January. This was accounted to investors seeking refuge in the safe-haven metal rates as concerns regarding the demand for gold grew due to the outbreak of Coronavirus in China and escalating tensions in the Middle East.
    • Gold prices in Pune slipped to Rs.4,090 per gram the next day with investors assessed the risk of the deadly virus becoming a global epidemic and the dollar firming up. The rates of the precious metal remained unchanged over the next couple of days before closing the week at Rs.4,137 per gram. The overall performance of the metal in the city showed an incline in the prices.

    January 2020 - Week 5 (27 - 31):

    • In Pune, gold price stood at Rs.4,137 per gram at the beginning of the fifth week of January. When compared to the previous week, the rates remained unchanged from the previous closing price.
    • The rates of yellow metal increased to Rs.4,158 per gram on 29 January. This was due to investors seeking refuge in the safe-haven metal rates due to increasing concerns on the outbreak of Coronavirus in China.
    • On 30 January, gold prices in Pune dipped to Rs.4,121 per gram as investors understood the risk of the deadly virus and value of the metal dipped. The price of the precious metal increased to Rs.4,179 per gram as the virus was declared under the World Health Emergency. The price of the metal showed an inclining trend at the end of the month.

    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.

    FAQs on Gold Rate in for Pune

    1. Why is the price of gold different in different cities of India?

      Ans: The price of gold varies from city to city due to various reasons. Various cities levy their own local taxes which definitely impacts the price of gold. Apart from that the transportation cost also plays a major role in the price of gold going up or down. These are two of the primary reasons which determines why the price of gold varies in different cities of India.

    2. How is the price of gold in India determined?

      Ans: There are various factors which plays a role in the price of gold in India. The gold’s international rates determine the price of gold in India. If the price of gold rises globally so does the price of gold in India and if the international rates fall then so does the price in India. The value of rupee also plays a role in the price of gold. If the value of rupee falls against the dollar then the price of gold rises. There are various economic and political decisions which impacts the price of gold.

    3. How do I know the best time to buy gold in Pune?

      Ans: You must check the price of gold on a daily basis to decide the time when you should buy gold. There are various daily newspapers and news online portals who update the price of gold on a daily basis for different karats of gold. You can keep on checking the price and once it falls down, you can go ahead and buy gold in Pune.

    4. How has Covid-19 impacted the price of gold in India?

      Ans: Covid19 or Corona Virus has created a huge impact on the global financial markets including the Indian markets. The financial institutes in India have suffered, companies from different sectors have suffered loses as the outbreak of the pandemic has made it difficult to conduct business. This has led to financial crunch which has resulted in unemployment. Due to inflation and many other economic ramifications, investors have turned to gold which is considered a safe haven, which has resulted in the price of gold rising.

    5. What are things I must keep in mind before buying gold?

      Ans: You must check the price of gold before buying them. Remember, different karats of gold will have different prices, hence make sure you are aware of the price before buying. Always make sure the gold you are purchasing is hallmarked or BIS certified gold. Be aware of the buy-back clause which is if you sell gold in future, the seller will obtain it at the selling price or a cut in price will be involved. Do obtain the certificate of purchase after buying the gold.

    Also Check Gold Price in NearBy Cities of Pune

    Also Know: Silver Rate in Pune

    Read more on Gold

    News About Pune Gold Rate

    • Gold Prices Drop on 17 September 2021

      After a steep drop in the previous session, gold values struggled in Indian markets on 17 September 2021. Gold futures on the MCX were marginally down at RS.46,050 per 10 gram, while silver futures rose 0.26% to Rs.61,233 per kg. Gold had declined 1.7% or Rs.807 per 10 gram, in the previous session, extending its three-day decline to Rs.1200. In the previous session, silver had fallen by Rs.2150 per kilogram or 3.5%.

      17 September 2021

    • Gold on MCX trades higher on 11 August 2021

      On the Multi-Commodity Exchange (MCX) today, gold contracts of October traded 0.18% higher at Rs.46,045 for 10 grams. Gold was trading steadily on 10 August in the international markets and settled on a positive note. Gold December futures traded at $1731.70 per troy ounce. International futures and spot gold prices were supported at the lower levels on 10 August due to concerns about the Delta variant of the Covid-19 virus affecting the economy.

      11 August 2021

    • Yellow metal trades lower, experts say buy on dips for a target of Rs 47,300

      Price of gold dropped in the Indian market today due to a muted trend in international spot price and with the dollar growing which aid a role in the value of precious metal falling.

      On the Multi-Commodity Exchange (MCX), August gold contracts fell 0.40% at Rs.46,886 for 10 grams. July silver futures slipped 0.58% at Rs.67,541 a kilogram. Spot gold decreased 0.2% at $1,774.96 per ounce.

      24 June 2021

    • Yellow metal sees a flat trend as the U.S. dollar value rises in the market

      Gold prices showed a flat trend on 3 June 2021 as the international market saw a rise in the dollar value. Due to this, the international price of the metal saw a muted trend. On the Multi Commodity Exchange, gold contracts for August dipped by 0.08% to Rs.49,562 per 10 grams. Silver prices, on the other hand, saw a 0.13% rise to Rs.72,769 per kg.

      The dollar index increased against other currencies in the market which resulted in investors shifting towards the equities market.

      In the international market, gold futures for August traded at $1,909.9 per ounce while silver contracts for July delivery were at $28.20 per ounce.

      4 June 2021

    • Gold prices rise in India after recording a positive trend in the international market

      Gold prices on the Multi Commodity Exchange showed an incline of 0.7% to Rs.48,003 per 10 grams. In the previous session, gold prices had increased by 0.5%. Silver prices recorded an incline on the MCX by 1.2% to Rs.71,490 per kg after inclining by 0.9% in the previous session.

      After the dollar index fell to 90.293, gold prices in the international market had increased to hit a 3-month high due to lower U.S. Treasury yields. Spot gold had inclined by 0.6% to $1,852.39 per ounce.

      Silver prices had jumped by 0.9% to $27.66 per ounce in the global markets.

      18 May 2021

    • Gold prices see flat trend and silver prices dip below Rs.67,000 per kg

      Gold and silver prices showed a flat trend at the beginning of the week due to strong U.S. inflation data and its positive effect on the U.S. Treasury yields. This hampered the demand for precious metal. U.S. Treasury yields showed a positive trend late last week.

      On the Multi Commodity Exchange, gold prices increased by 0.06% to Rs.46,620 per 10 grams. Silver futures, however, declined by 0.12% to Rs.66,900 per kg. In the spot market, gold prices increased by Rs.97 to Rs.46,257 per 10 grams in New Delhi due to the depreciating value of the rupee. Silver prices declined by Rs.275 to Rs.66,253 per kg.

      In the international market, gold prices dipped by 0.2% to $1,740.57 per ounce and silver fell by the same and was priced at $25.19 per ounce. U.S. gold futures were holding steady at $1,743.70 per ounce.

      14 April 2021

    • Gold and silver prices record a marginal decline in the market

      Gold prices in the domestic market had reduced with investors shifting to riskier assets after the U.S. Federal Reserve’s meeting indicated an economic recovery due to continued support from policies.

      On the Multi Commodity Exchange, gold futures were down by 0.07% at Rs.46,330 per 10 grams and silver futures declined by 0.31% to Rs.66,429 per kg.

      Gold prices had declined as the U.S. dollar recovered in the market and bond yields showed a positive trend. In the spot market, gold prices were up by Rs.587 to Rs.45,768 per 10 grams and silver prices also increased by Rs.682 to Rs.65,468 per kg.

      In the global market, spot gold showed a marginal decline by 0.03% at $1,736.76 per ounce and gold futures dipped by 0.3% to $1,736.50 per ounce. Silver prices also fell by 0.3% to $25.03 per ounce.

      8 April 2021

    • Yellow metal gains on US Fed stance; Silver May futures up over 1%

      Price of gold rose on March 18 due to the positive trend in the international spot prices after the US Fed kept the interest rate unchanged and encouraged markets to keep benchmark rates near-zero through at least 2023.

      On the Multi-Commodity Exchange (MCX), April gold contracts rose 0.74% at Rs.45,170 for 10 grams. May silver futures, too, grew 1.1% at Rs.67,999 a kilogram.

      19 March 2021

    • Gold falls, silver rises

      Prices of gold dropped by 105 at Rs.47,281 per 10 gram in due to firm rupee and quietened global cues. The price of 10 gram 22-carat gold in Mumbai was Rs.43,309, while 24-carat 10 gram was Rs.47,281. week.

      Spot gold was dropped marginally $4.74 to $1,819.88 an ounce in London trading.

      Rate of Silver rose by Rs.1,137 to Rs.69,514 per kg.

      16 February 2021

    • Gold prices rise

      The price of gold on the Multi-Commodity Exchange (MCX) rose by 0.30% at Rs.46,857 for 10 grams. March silver futures were up 0.6% at Rs 67,239 a kilogram.

      Gold April futures closed at $1791.20 per troy ounce and Silver March futures ended $26.23 per troy ounce. Both gold and silver ended on a weaker note in the Indian markets.

      5 February 2021

    • Gold holds strong over Rs.49,000

      On the Multi-Commodity Exchange (MCX), the gold contracts for February traded lower (0.47%) and settled at Rs.49,093 per 10 gram. The silver futures for March had been trading lower by 0.47% and reached Rs.63,433 per kilogram. A lot of analysts have said that investors can use dips towards Rs.49,000 for buying for a target of Rs.49,600 and a stop loss can be at Rs.48,700.

      Gold and silver rates have shown the range bound moves last week amidst a lot of uncertainty over the U.S. stimulus and recovery in the U.S. dollar index from the lows. The February futures contract for gold had settled at $1843.70 per troy ounce. The silver March futures contract had settled at $24.08 per troy ounce.

      16 December 2020

    • Gold and silver prices increase in Indian markets

      The prices of gold and silver in the Indian markets rose from the losses in previous sessions. On the Multi Commodity Exchange, gold futures increased by 1.2% to settle at Rs.51,448 per 10 grams while the silver futures increased by 3% to settle at Rs.63,125 per kg. Spot gold prices were $1,904.66 per ounce. Silver prices increased by 0.3% to settle at $23.98. Platinum prices remained steady at $869.04. Palladium prices fell by 0.5% to settle at $2,276.97. Gold prices in India are 30% so far with a record high of Rs.56,200 in India in August with silver inchcing towards Rs.80,000 per kg.

      9 November 2020

    • Gold price stands at more than Rs.51,000

      Gold traded at a higher rate on 21 October 2020. The US dollar was softer which helped track a positive trend for the yellow metal in the international market.

      Ahead of the November elections in the USA, everybody is hoping that a new coronavirus relief package will be announced. The gold contracts for the month of December on the Multi Commodity Exhange (MCX) have been trading at a 0.28% higher rate which stands at Rs.51,051 per 10 gram.

      22 October 2020

    • Gold prices today fall for third day, silver rates drop

      Prices of gold and silver in India dropped after tracking muted global rates. On MCX, December gold futures fell 0.15% at Rs.49,971 per 10 gram, extending their losses to the third day, while silver futures on MCX dropped 0.23% to Rs.60,280 per kg.

      Due to renewed hopes for U.S stimulus, the prices of gold prices in global markets were almost unchanged today. Spot gold remained little changed at $1,886.69 per ounce, after surging as much as 1.1% in the previous session.

      Silver remained steady at $23.83 per ounce, platinum increased 0.1% at $865.21, while palladium was flat at $2,352.18.

      9 October 2020

    • Price of gold and silver fall for the fourth consecutive day

      Gold prices dipped for the fourth consecutive day, falling to below the Rs.50,000 per 10-gram mark to Rs.49,822 per 10 grams. The metal’s value dipped by more than Rs.500 due to a firm dollar value and self-off in the equity markets.

      The value of 22-karat gold in Mumbai was Rs.45,637 per 10 grams and 24-karat gold was priced at Rs.49,822 per 10 grams. Gold and silver prices have been dipping due to the rising value of the dollar has replaced the bullion as safe-haven.

      Silver prices dipped by more than Rs.2,000 to below the Rs.57,000 per-kg mark at Rs.56,471 per kg. Gold futures for delivery in October dipped by Rs.28 at Rs.49,480 per 10 grams for a turnover of 6,017 lots.

      25 September 2020

    • Gold prices increase and may face resistance around Rs.51,900- Rs.52,000

      India gold futures for October had risen in spite of the muted trend seen in the international spot prices. The U.S. Dollar had also gained ahead of the U.S. Federal Reserve policy decision. On the Multi-Commodity Exchange (MCX), the October gold contracts had been trading higher by 0.06% at Rs.51,800 per 10 gram. The September silver futures had been trading flat at Rs.68,930 per kg. Analysts expect volatility in the precious metal ahead of the outcome of the U.S. Federal Reserve policy meeting. Both the metals had settled positive in the international markets. Gold had closed at $1966.20 per troy ounce silver had settled at $27.46 per troy ounce. The U.S. dollar index recovered in the late evening session ahead of the US Federal Reserve meeting outcome later on Wednesday that triggered profit-taking in both the precious metals.

      16 September 2020

    • Gold prices steady in India on 1 September 2020

      Following a positive trend in the international markets, the prices of gold crossed the Rs.52,000 levels for 10 grams on 1 September 2020. The prices of gold are near a two-week high. The main reason for the increase in prices was a weak dollar. Gold futures prices for the month of October on MCX increased by 0.7% and are at Rs.52,067 for 10 grams. In the global markets, spot gold prices saw small changes and were at $1,968.98 for an ounce. The border tensions between India and China has ensured that the prices of the yellow metal have remained high. In the case of any currency debasement and inflation, investors move towards gold. The prices of gold in India are inclusive of 3% GST and 12.5% import duty.

      1 September 2020

    • Gold prices continue to show a volatile trend; trading at Rs.51,000 per 10-gram level

      Gold prices dropped marginally on 17 August and continued its declining trend from the previous week tracking weaker global cues. With the risk appetite increasing due to positive cues from the trade deal between China and the United States of America.

      On the Multi Commodity Exchange, gold contracts for October were trading marginally lower by 0.15% at Rs.52,150 per 10 grams. Silver futures for September was trading higher by 0.03% at Rs.67,189 per kg.

      Gold prices in the international market dropped by 3.38% and were $1,949.80 per ounce and silver priced dropped by 5.26% at $26.09 per ounce.

      19 August 2020

    • Gold prices increase in India on 30 July 2020 due to a weak dollar

      Due to a weak dollar and fresh stimulus measures introduced by central banks, gold prices increased in India on 30 July. The geopolitical uncertainties also ensured that the prices of gold increased. Gold futures prices on MCX for the month of August increased by 0.25% and are at Rs.53,320 for 10 grams. In the international markets, the prices of gold remained steady on 29 July. Spot gold prices increased by 0.50% and were at $1,953.40 for an ounce. Following the two-day policy meeting, the Fed said that the interest rates will be kept in the target range until they were confident that the economy has improved from the coronavirus pandemic. The prices of gold have increased due to the geopolitical tensions escalating and the various policy measures being introduced by central banks and governments all over the world.

      30 July 2020

    • Prices of gold decrease for the second consecutive day in India on 18 June 2020

      Amid the rates of gold being flat in the international markets, the prices of the yellow metal decreased for the second day in a row in India on 18 June 2020.

      Gold futures prices for the month of August on MCX decreased by 0.05% and are at Rs.47,316 for 10 grams. In the previous session, the prices of gold reduced by Rs.250. In the international markets, the price of gold remained flat due to the concerns that the rising number of coronavirus cases could impact the economy. The prices of spot gold are at $1,726.69 for an ounce. According to various analysts, investors have moved away from riskier assets due to the increase in the number of coronavirus cases. According to a note provided by Kotak Securities, there have been growing worries due to the increase in the number of coronavirus cases and geopolitical tensions. There may be support for commodities due to a weak India rupee. The value of the rupee against the dollar is at Rs.76.3. The main reason for the weak rupee is the tensions between China and India. The prices of the yellow metal in the country are inclusive of 3% GST and 12.5% import duty. A strong US dollar has also ensured that prices of gold are expensive for other currency holders.

      18 June 2020

    • Gold prices decrease for the third time in four days on 2 June 2020

      The prices of gold struggled to gain momentum in India and have reduced for the third time in the last four days. Gold futures prices on MCX decreased slightly and are at Rs.47,137 for 10 grams.

      After hitting record highs of almost Rs.48,000 for 10 grams last month, gold prices have been trading in a narrow range. In the international markets, the prices of gold increased lower as well. The main reason for the decrease in prices was that the optimism that the economy would increase after several countries relaxed the lockdown curbs. However, the losses were capped due to the tensions between China and the US. The prices of spot gold decreased by 0.1% and are at $1,738.12 for an ounce. The protests in the US over the death of George Floyd has also supported gold prices. On 2 June 2020, the value of the dollar hit a two-month low. Any reduction in the value will ensure that the prices of gold are cheaper for other currency holders.

      2 June 2020

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