• Gold Rate in Pune

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    12 Dec 2018 ₹ 3,080 ₹ 24,640 ₹ 3,234 ₹ 25,872
    11 Dec 2018 ₹ 3,080 ₹ 24,640 ₹ 3,234 ₹ 25,872
    10 Dec 2018 ₹ 3,055 ₹ 24,440 ₹ 3,208 ₹ 25,664
    09 Dec 2018 ₹ 3,055 ₹ 24,440 ₹ 3,208 ₹ 25,664
    08 Dec 2018 ₹ 3,055 ₹ 24,440 ₹ 3,208 ₹ 25,664
    07 Dec 2018 ₹ 3,055 ₹ 24,440 ₹ 3,208 ₹ 25,664
    06 Dec 2018 ₹ 3,034 ₹ 24,272 ₹ 3,186 ₹ 25,488
    05 Dec 2018 ₹ 3,006 ₹ 24,048 ₹ 3,156 ₹ 25,248
    04 Dec 2018 ₹ 3,006 ₹ 24,048 ₹ 3,156 ₹ 25,248
    03 Dec 2018 ₹ 2,978 ₹ 23,824 ₹ 3,127 ₹ 25,016

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

    Gold Price in Pune

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

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

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

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

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

    December 2018 - Week 1 (1 - 9):

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

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

    November 2018 - Week 1 (1 - 4):

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

    November 2018 - Week 2 (5 - 11):

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

    November 2018 - Week 3 (12 - 18):

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

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

     

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

    October 2018 - Week 1 (1 - 7):

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

    October 2018 - Week 2 (8 - 14):

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

    October 2018 - Week 3 (15 - 21):

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

    October 2018 - Week 4 (22 - 28):

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

    October 2018 - Week 5 (29-31):

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

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

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

    September 2018 - Week 1 (1 - 8):

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

    September 2018 - Week 2 (9 - 14):

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

    September 2018 - Week 3 (15 - 22):

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

    September 2018 - Week 4 (23 - 30):

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

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

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

    August 2018 - Week 1 (1 - 5):

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

    August 2018 - Week 2 (6 - 12):

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

    August 2018 - Week 3 (13 - 19):

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

    August 2018 - Week 4 (20 - 26):

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

    August 2018 Week 5 (27 - 31):

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

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

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

    July 2018 - Week 1 (1 - 7):

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

    July 2018 - Week 2 (8 - 14):

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

    July 2018 - Week 3 (15 - 22):

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

    July 2018 Week 4 (22 - 31):

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    April 2018 - Week 4 (23 - 30):

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

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

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

    March 2018 - Week 1 (1 - 5):

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

    March 2018 - Week 2 (5-11):

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

    March 2018 - Week 3 (12 - 18):

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

    March 2018 - Week 4 (19 - 25):

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

    March 2018 - Week 5 (26 - 31):

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

    Find Today's Gold Price in Top Metro Cities

    Today's Gold Price in Mumbai Today's Gold Price in Chennai Today's Gold Price in Bangalore
    Today's Gold Price in Delhi Today's Gold Price in Kolkata Today's Gold Price in Hyderabad

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    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.

    • 24 karat gold – The cost of 24 karat gold in Pune is around Rs 2720 per gram as of June 2015. The rate has seen a minimal decline in the last 12 month, with prices hovering around the Rs 2800 mark, having peaked at Rs 2900 about 6 months ago.

    • 22 karat gold – One gram of 22 karat gold in Pune costs around Rs 2530, as of June 2015. The cost has seen extremes in the last year, with prices going as high as Rs 2700 and falling to a low of Rs 2400. The current market rate makes it the right time to invest in gold, with gold rates expected to go up in the future.

    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 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.

    Are gold prices in Pune expected to rise in 2018?

    Though it's difficult to predict the future of gold rates in Pune, the recent market trends witnessed over the last couple of months indicate that gold is gearing up for another bull run during the year. With the US Federal Reserve deciding to raise the number of interest rates hikes from three to four, the bullion trade could see a considerable rise in prices. With the US dollar losing significantly after the Republican government failed to produce any convincing policy achievements during Donald Trump’s first year of presidency, gold is expected to benefit further during the year.

    What Are The Advantages Of Buying Gold In Pune?

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

    Also Check Gold Price in NearBy Cities of Pune

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    Also Know: Silver Rate in Pune

    Read more on Gold

    News About Pune Gold Rate

    • Gold Slumps on Weak Jeweller Demand

      Gold prices fell in trading on poor demand from jewellers and trends seen overseas. Gold of 99.9% purity fell by Rs.250 to trade at Rs.30,800 for 10 grams. Gold of 99.5% purity also fell, trading at Rs.30,650 for 10 grams.

      The drop in bullion was not restricted to gold alone, as silver prices also slid in trading. The industrial metal fell by Rs.620 to trade at Rs.39,200 per kg as industrial units and coin makers reduced offtake. The rising dollar rate coupled with the positive boost for the currency from the Federal Reserve Chairman’s statements on the economy also affected orders.

      Spot gold fell by 0.3% to trade at $1,223.11 per ounce, among one of its weakest showings recently. U.S. gold futures for August delivery also fell by 0.3% to trade at $1,223.30 per ounce.

      18 July 2018

    • Gold, Silver Slide on Poor Demand

      The price of gold and silver fell in early trading on Friday, 29th June, 2018. Poor demand as a result of weak global cues and declining interest from local jewellers led to gold falling by Rs.170 to trade at Rs.31,480 for 10 grams.

      The rupee continued to slide against the dollar, which led to softer demand for bullion across local markets.

      Silver also fell, trading at Rs.40,600 per kg to register a Rs.200 loss in early trading. Coin makers and industrial units lowered orders for silver. In spite of renewed anxiety over a possible trade war between the United States and China, there was limited interest in bullion due to the high cost.

      Globally, gold and silver prices was contrary to local trends as gold rose by 0.2% to trade at $1,250.53 per ounce.

      29 June 2018

    • Gold Prices Recover After Rise In Jeweller Demand

      Gold prices were on the rise after an increase in demand from jewellers boosted the metal’s worth.

      The yellow metal was priced at Rs.31,390 for 10 grams in trading on March 19, 2018 as local jewellers increased purchases in spite of a weak overseas trend.

      Silver prices were also on the rise, with the metal’s price rising by Rs.200 to trade at Rs.39,150 per kg as industrial units increased offtake. Higher demand by local coin makers also stimulated upward movement in the metal’s price.

      Gold prices across Asia saw a fall in price, with the metal dropping by 0.22% to trade at $1,313.70 per ounce in Singapore. A firm dollar and apprehension over the Federal Reserve’s monetary policy led to a drop in interest in bullion.

      21 March 2018

    • Gold prices hold steady amid rising global political tensions

      Gold rates on Friday were recorded holding steady with the rising political tensions between the United Kingdom and Russian pushing demand higher for safe-haven assets such as gold. Investors gravitated towards investments considered safer despite the strong US dollar brought about by a possible US interest rate hike next week. The US central bank is expected to increase the interest rates for the first time in 2018 in the two-day Federal Open Market Committee meeting that begins on March 20. Moscow announced that it would settle the score against London’s decision to deport 23 Russian diplomats after a Russian former double agent was attacked with nerve toxin in Britain.

      16 March 2018

    • Gold futures drop due to poor demand

      Gold dropped to Rs.30,437 per 10 gram - by 0.31% - in the futures market during the 21st as trading cues from the global market continued to remain weak. This led investors to consolidate their positions leading to gold losing a few points on its previous valuation.

      The MCX saw gold scheduled for April delivery dropped by Rs.95 for a total of 399 lots. In the same vein, gold scheduled for June delivery also saw drop in prices with a Rs.92 change witnessed over the day’s trading session.

      Analysts spoke about the change and said that futures investors took stock of the rising dollar and the weak global trend to cut down on their positions. On the other hand, they said investors reduced their investments while waiting for the Fed Reserve to release the minutes from its latest meeting.

      23 February 2018

    • Gold On Track For The Biggest Weekly Gain

      With the US dollar losing against a basket of other emerging currencies amid the US inflation concerns, gold was on track record its biggest weekly gain in almost two years. Though the US dollar index rebounded from the three-year lows, poor sentiments on the greenback following the price data resulted in investors gravitating towards safe-haven assets such as the bullion to hedge against inflation. The dollar is predicted to be heading towards its biggest weekly loss in almost two-years amid the inflation concerns.

      17 February 2018

    • Gold Rises To 10-Month High After Korean Crisis

      The price of gold leapfrogged after reports of North Korea testing a nuclear missile, with the yellow metal trading at $1,337 per ounce.

      Prices jumped significantly over the course of August 2017, trading at $1,300 per ounce before political tensions raised prices to their current level of $1,337 per ounce.

      Gold prices in India also rose due to the rupee falling against the dollar, with gold priced at Rs.30,559 per 10 grams as on September 5, 2017.

      With the wedding season set to begin, the rising gold prices could put a dent in many consumers’ purses.

      5 September 2017

    • Gold Prices Rise As Dollar Drops

      The price of gold rose to a two-week high as the U.S. Dollar fell due to the Federal Reserve’s sluggish pace on interest rate hikes. Comex futures rose to a peak of $1,237.95 per troy ounce, the highest rate since 2nd March, 2017.

      Spot gold also rose, trading at $1,237.70 per ounce, an increase of $3.40. The U.S> Dollar Index was also down, which sparked fears of a prolonged drop in value for the greenback.

      With further uncertainty expected due to the tenuous political landscape and votes on major legislation, investors are hedging their bets and buying more bullion to offset potential risks.

      Silver futures for May delivery rose marginally, rising to $17.58 a troy ounce, recording a 0.9% increase in price.

      21 March 2017

    • Gold Prices Continues To Decline

      The prices of gold in the bullion market is not steady. The last few sessions have seen some faint increase and decrease in gold rates. Over the past few dates, the prices of the yellow metal ranged from Rs. 30600 per kg to Rs. 31400. On Thursday, gold rate fell by 0.33% and stood at Rs. 30945 per 10 grams. The highest price for gold on that day was Rs. 31054 per 10 grams and the lowest was Rs. 30851 per kg.

      30 August 2016

    • Gold price witnesses a dip in Asia as political concerns over Turkey disappear

      Gold prices witnessed a dip in Asia on Monday following a failed weekend military takeover in NATO, ally Turkey was assessed with the fact that political risk as of now from the event has reduced. Gold on the Comex division on the New York Mercantile Exchange for August delivery dipped by 0.05% to $1,326.70 an ounce. Gold prices declined last week on Friday as several U.S. economic reports suggested that economic growth paced up in the second quarter of this year.

      20 July 2016

    • For more related news /update on gold price visit: Gold News

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