Gold Rate In Rajasthan

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Gold Rate in Rajasthan

Rajasthan is India’s largest state by area and its name literally translates to the ‘Land of Kings’, and kings in the olden days were always known for their wealth and grandeur amongst other things. Kings aside, the state of Rajasthan accounts for a good amount of gold purchases in the country owing to its rich cultural heritage. With a population of almost 75 million people, the state continues to increase its gold sales on a regular basis.

The primary demand for gold in Rajasthan comes by means of jewellery, gold coins, gold bars, gold funds, gold ETFs and E-Gold. Rajasthan is also home to several festivals, and gold is an auspicious element during these times, which indicates the need of the people to make purchases on a consistent basis.

Gold Rate Trend in Rajasthan for April 2018 to June 2018 (per gram of 24 karat gold)

Factor	April	May	June
1st day	Rs.3,154 per gram	Rs.3,227 per gram	Rs.3,203 per gram
Last day	Rs.3,227 per gram	Rs.3,206 per gram	Rs.3,159 per gram
Highest price	Rs.3,247 per gram on 20 and 21 April	Rs.3,239 per gram on 15 and 16 May	Rs.3,206 per gram on 2 June
Lowest price	Rs.3,154 per gram on 1 and 2 April	Rs.3,191 per gram on 22 and 23 May	Rs.3,149 per gram from 23 to 25 June and on 28 June.
Trend	Incline	Decline	Decline
Change	2.16%	-0.65%	1.37%

Gold Rate Trend in Rajasthan for April 2018:

• Gold was priced at Rs.3,154 per gram when trading commenced for the month of April in Rajasthan.
• Demand for the precious metal was bullish this month as the US dollar was beginning to weaken ahead of the US-NATO attack on Syria.
• Gold prices in Rajasthan were on the weaker side on the 1st and 2nd when the metal traded at Rs.3,154 per gram - the month’s lowest rates.
• As the month wore on, demand picked up amidst the fall in the US dollar. Gold was trading at its highest on the 20th and 21st when it traded at Rs.3,247 per gram.
• On the final day of the month, gold rates dropped to Rs.3,227 per gram - which was still a major improvement compared to the month’s starting rate.
• Prices trends recorded a 2.16% change this month thanks to a strong rise in demand.

Gold Rate Trend in Rajasthan for May 2018:

• When trading began for the month of May, gold was priced at Rs.3,227 per gram.
• Demand this month was on the weaker side as the US dollar bounced back against a basket of other major currencies, and gold took a hit as a result.
• Gold was at its highest this month on the 15th and 16th when it traded at Rs.3,239 per gram as demand was slightly high after a slowdown was recorded in the dollar index.
• The subsequent week, particularly the 22nd and 23rd, saw gold trading at Rs.3,191 per gram - the month’s lowest rates as the dollar bounced back after a brief slip the previous week.
• There was an improvement in gold prices over the final week as demand rose slightly. When the month ended, gold was priced at Rs.3,206 per gram.
• Prices trends in Rajasthan recorded a 0.65% decline this month as demand was on the weaker side ahead of a rising dollar.

Gold Rate Trend in Rajasthan for June 2018:

• When June’s trading began in Rajasthan, gold was priced at Rs.3,203 per gram.
• This month’s trend was really weak as the US dollar strengthen by a large margin ahead of a buoyant market and a strong Fed rate meeting which signalled interest rate hikes for the future.
• The 2nd recorded the highest gold rate this month, when the metal traded at Rs.3,206 per gram.
• As the month went on, gold rates declined, hitting a monthly low rate of Rs.3,149 per gram during the period between 23th and 25th and on the 28th of June.
• When the month drew to a close, gold was priced at Rs.3,159 per gram - a slight improvement compared to the previous week’s performance.
• Prices declined by 1.39% this month, signalling a significantly weaker period for gold in the future.

Gold Rate Trend in Rajasthan for January 2018 to March 2018 (per gram of 24 karat gold)

Factor	January	February	March
1st day	Rs.3,086 per gram	Rs.3,138 per gram	Rs.3,159 per gram
Last day	Rs.3,120 per gram	Rs.3,159 per gram	Rs.3,149 per gram
Highest price	Rs.3,171 per gram on 25 January	Rs.3,175 per gram on 20 February	Rs.3,182 per gram from 27 to 30 March
Lowest price	Rs.3,082 per gram on 5 January	Rs.3,092 per gram on 9 and 10 February	Rs.3,109 per gram on 20 March
Trend	Incline	Incline	Decline
Change	1.10%	0.66%	-0.31%

Gold Rate Trend in Rajasthan for January 2018:

• The month began with gold priced at Rs.3,086 per gram on the 1st with steady domestic demand from local jewellers, retailers and industries amid positive global cues.
• However, with the greenback dominating against other apex currencies over the next couple of days, demand for the metal plummeted. This led to gold rate in Rajasthan recording its lowest monthly figure of Rs.3,082 per gram on the 5th.
• The dollar, however, lost its ground over the next few weeks with the US employment data reporting a drop in the number of jobs contributing to the US economy.
• Poor inflation data led to investor demand surging further during the month and the yellow metal was recorded trading at Rs.3,171 per gram on the 25th.
• The month came to an end with the bullion prices at Rs.3,120 per gram on the 31st as local demand stabilised amid the recovering US dollar.
• Rajasthan recorded an increase of 1.10% in gold rates during the course of the month.

Gold Rate Trend in Rajasthan for February 2018:

• Trading commenced for the month with the yellow metal trading at Rs.3,138 per gram on the 1st after an increase in investor demand amid the inflation concerns led to an increase in global prices.
• However, with the US dollar index regaining lost ground against other major currencies, gold rate in Rajasthan dropped to Rs.3,092 per gram on the 9th.
• Gold continued trading at the same rate the next day with poor demand amid the strengthened US dollar.
• Thanks to an increase in demand from local jewellers, retailers and industries over the next few days, gold price in Rajasthan rose considerably in the domestic bullion market.
• On the 20th, the precious metal was recorded trading at Rs.3,175 per gram amid firm market trends.
• Trading concluded for the month with gold priced at Rs.3,159 per gram on the 28th with subdued but steady demand amid positive global cues.
• The bullion trade in Rajasthan witnessed gold rates rising by 0.66% on account of the strong strong overseas market trends that pushed demand higher during the course of the month.

Gold Rate Trend in Rajasthan for March 2018:

• The final month of the first quarter of 2018 began with the bullion prices holding at Rs.3,159 per gram on the 1st.
• The next couple of weeks saw demand for gold remain on the stronger side due to consistent demand from local industries, jewellers and retailers.
• However, an increase in returns in the stock market sector following the dismissal of Rex Tillerson, the US Secretary of State led to gold being priced at Rs.3,109 per gram on the 20th.
• With the new US tariffs raising concerns over a possible trade war between the US and China, demand for the bullion surged.
• Positive global cues coupled with strong investor demand led to gold rate in Rajasthan rising to its highest monthly figure of Rs.3,182 per gram on the 27th.
• The month concluded with the bullion priced at Rs.3,149 per gram on the 31st as market participants refrained from making purchases ahead of a possible central bank meeting.
• Poor market trends overseas coupled with inconsistent demand towards the end of the month led to prices declining by 0.31% in Rajasthan.

Gold Rate Trend in Rajasthan for October 2017 to December 2017 (per gram of 24 karat gold)

Factor	October	November	December
1st day	Rs.3,109 per gram	Rs.3,087 per gram	Rs.3,068 per gram
Last day	Rs.3,087 per gram	Rs.3,078 per gram	Rs.3,086 per gram
Highest price	Rs.3,133 per gram from 12 to 16 October	Rs.3,113 per gram on 20 and 21 November	Rs.3,086 per gram on 30 and 21 December
Lowest price	Rs.3,073 per gram on 27 and 28 October	Rs.3,057 per gram from 4 to 6 November	Rs.2,990 per gram on 14 December
Trend	Decline	Decline	Incline
Change	-0.70%	-0.29%	0.58%

Gold Rate Trend in Rajasthan for October 2017:

• Rajasthan gold was priced at Rs.3,109 per gram when the month of October began.
• The gold price in Rajasthan fell marginally during the week due to fluctuations in demand from overseas but soon recovered.
• Positive global market cues led to a surge in demand for Rajasthan gold, which traded at Rs.3,133 per gram from 12-16 October, as gold reached its monthly high.
• The festive season and increased demand from local jewellers also led to a spike in demand for the precious metal.
• Rajasthan gold price began to fall as the dollar recovered from its earlier losses, prompting a decrease in demand for gold from local as well as Asian markets due to the the higher price.
• Gold rate in Rajasthan fell to a monthly low of Rs.3,073 per gram on 27 October as markets were buoyed by positive trends.
• There was a slight increase in Rajasthan gold prices as the month ended, with the meta trading at Rs.3,087 per gram on 31 October, with overall prices falling by 0.70%.

Gold Rate Trend in Rajasthan for November 2017:

• Rajasthan gold was priced at Rs.3,087 per gram on 1 November as stable demand kept prices unchanged.
• Prices quickly plunged as demand fell following a bull run by the equity markets.
• A poor global demand brought gold rate in Rajasthan down during the initial few days with the metal trading at Rs.3,057 per gram from 4th to 6th November - the lowest for the month.
• As the US dollar seemed to fall slightly amid concerns over the Donald Trump administration, gold rates seemed to increase.
• A rise in demand towards the 20th of the month led to Rajasthan gold trading at Rs.3,113 per gram - the month’s highest gold rate.
• When the month ended, gold was seen trading at Rs.3,078 per gram. There was a decline in gold rate in Rajasthan during this month as well and prices fell by 0.29%.

Gold Rate Trend in Rajasthan for December 2017:

• The last month of 2017 saw the price of gold increase, thanks to the tax reform introduced by Donald Trump, which wasn’t very well received by the market.
• On the 1st of December, Rajasthan gold was seen trading at Rs.3,068 per gram.
• Demand for the metal remained weak during the initial few days. Rates hit a monthly low of Rs.2,990 per gram on 14 December after US treasury yields increased.
• However, rates picked up from then on and the metal traded in the Rs.3,000 plus range for the remaining few days of the month.
• Gold prices in Rajasthan were at their highest for the month on the 29th and 30th of the month, when the metal traded at Rs.3,086 per gram.
• Overall, December recorded a price rate in Rajasthan increase of 0.58% and helped end 2017 on a positive note.

Gold Rate Trend in Rajasthan for July 2017 to September 2017 (per gram of 24 karat gold)

Factor	July	August	September
1st day	Rs.3,063 per gram	Rs.3,003 per gram	Rs.3,079 per gram
Last day	Rs.3,003 per gram	Rs.3,056 per gram	Rs.3,109 per gram
Highest price	Rs.3,079 per gram on 2 July	Rs.3,056 per gram on 30 & 31 August	Rs.3,194 per gram from 8-10  September
Lowest price	Rs.2,917 per gram on 11 July	Rs.2,979 per gram on 7 August	Rs.3,068 per gram from 5-7 September
Trend	Decline	Incline	Incline
Change	-1.95%	1.76%	0.97%

Gold Rate Trend in Rajasthan for July 2017:

• Rajasthan gold started off on a strong note, with the metal trading at Rs.3,063 per gram.
• Gold price in Rajasthan went further up to Rs.3,079 per gram - the month’s highest rate - as demand for the metal peaked before dropping over the subsequent days.
• The implementation of GST was a major factor which pushed gold price in Rajasthan down this week.
• Local demand was so bad that gold rates hit a monthly low figure of Rs.2,917 per gram on the 11th of July.
• However, from the 11th onwards, there was a slight improvement in gold trading and the yellow metal’s rates picked up to end on a respectable note.
• On the final day of the month, gold traded at Rs.3,003 per gram.
• There was a 1.95% decrease in gold rate trends because gold price took a hit due to weak local demand and a strong US dollar.

Gold Rate Trend in Rajasthan for August 2017:

• Rajasthan Gold opened at Rs.3,003 per gram on the 1st of August, but seemed to fluctuated on the lower side as the market was still recovering from GST’s implementation.
• Gold rate in Rajasthan went down to as low as Rs.2,979 per gram by the 7th - proving the extreme low confidence investors had with regards to gold.
• From the 8th onwards, prices seemed to improve as a combination of economic and geopolitical factors pushed US dollar rates down.
• The 30th and the 31st of the month recorded the highest gold rates, with the metal trading at Rs.3,056 per gram.
• Gold prices in Rajasthan surged by 1.76% this month, following the positive cues seen in the global market and the increased demand witnessed in local circles.

Gold Rate Trend in Rajasthan for September 2017:

• September’s gold trading was a follow up of the previous month's positive trend.
• Rajasthan gold opened at Rs.3,079 per gram on the 1st of September but hit a monthly low figure of Rs.3,071 per gram on the 4th of the month.
• When reports of North Korea’s latest nuclear test hit the newsstand, all major markets plummeted, which led to gold rates rising up to Rs.3,194 per gram on the 8th of September.
• By the end of the month, gold prices in Rajasthan had fallen, to trade at Rs.3,109 per gram.

Gold Rate Trend in Rajasthan April 2017 to June 2017 (per gram of 24 karat gold)

Factor	April	May	June
1st day	Rs.3,043 per gram	Rs.3,058 per gram	Rs.3,065 per gram
Last day	Rs.3,058 per gram	Rs.3,065 per gram	Rs.3,063 per gram
Highest price	Rs.3,118 per gram from 14 April to 16 April	Rs.3,065 per gram on 31 May	Rs.3,099 per gram from 7 June to 10 June
Lowest price	Rs.3,038 per gram on 10 and 11 April	Rs.2,976 per gram on 11 and 16 May	Rs.3,047 per gram from 2 June to 6 June
Trend	Incline	Incline	Decline
Change	0.49%	0.22%	-0.06%

Gold Price Trend in Rajasthan for April 2017

• Rajasthan gold was priced at Rs.3,043 per gram when trading commenced for April.
• As the US dollar seemed to weaken, gold price in Rajasthan went up to Rs.3,063 per gram on the 5th of the month.
• By the 14th of April, gold prices had gone as high as Rs.3,118 per gram - the month’s highest rate - as a underperforming US dollar gave way to increased demand in the global market.
• Due to the Asian markets rallying and the US dollar strengthening, gold rates seemed to gradually decline over the remaining days of the month.
• Rajasthan gold price remained mostly at Rs.3,113 per gram for much of week 4, before going down to Rs.3,097 per gram on the 24th of the month.
• Gold rates in Rajasthan decline further to end the month at Rs.3,058 per gram.
• Price trends inclined at a rate of 0.49% despite the fact that demand fell considerably towards the latter half of the month.

Gold Price Trend in Rajasthan for May 2017

• Gold prices in Rajasthan started for May at Rs.3,058 per gram and saw demand decline as days progressed.
• Emmanuel Macron’s victory against conservative leader Marine Le Pen led to markets bouncing back, which subsequently led to drop in gold demand.
• A weak demand brought about by strong stock markets led to gold rates going down to as low as Rs.3,000 per gram on the 9th.
• With demand showing little signs of improving, gold rates reached the lowest of Rs.2,976 per gram on the 11th and continued at the same rate till the 16th.
• However, as US President Donald Trump’s collusion fiasco took centre stage, gold demand surged with the metal trading at Rs.3,029 per gram on the 18th of May.
• Gold prices went up to as high as Rs.3,050 per gram on the 26th and continued to rise and traded at Rs.3,065 per gram on the last day of the month.
• Owing to a slowdown in the US market, gold price trends surged by 0.22% for the month of May.

Gold Rate Trend in Rajasthan for June 2017

• Rajasthan gold prices started at Rs.3,065 per gram when June began and surged up close to Rs.3,100 levels as news scandals involving the US president hit the newsrooms.
• With the arrival of GST imminent, bullion investors decided to make most of their purchases within the short window which was available to them.
• A significant rise in demand saw gold trade at Rs.3,099 per gram from the 7th to the 10th of May.
• For the remaining days of the month, gold prices didn’t change much, thanks to stable demand from the local market.
• The yellow metal traded at Rs.3,050 per gram from the 16th to the 29th of the month.
• As the introduction of GST was just 24 hours away, investors put in a last-ditch effort to buy as much gold as possible. This led to the precious metal trading at Rs.3,063 per gram on the last days of June.

Gold Rate Trend in Rajasthan for January 2017 to March 2017 (per gram of 24 karat gold)

Factor	January	February	March
1st day	Rs.2,893 per gram	Rs.3,034 per gram	Rs.3,080 per gram
Last day	Rs.3,017 per gram	Rs.3,095 per gram	Rs.3,029 per gram
Highest price	Rss.3,060 per gram on 23rd and 24th of January	Rs.3,101 per gram from 25th-27th February	Rs.3,080 per gram on 1st and 2nd March
Lowest price	Rs.2,841 per gram on 10th and 11th of January	Rs.3,034 per gram on 1st & 2nd February	Rs.2,974 per gram from 15th to 17th of March
Trend	Rise	Incline	Decline
Change	+4.28%	+1.97%	1.65%

Gold Rate Trend in Rajasthan for January 2017:

• January was a positive period for gold trading as a number of international factors brought about an increase in gold prices.
• On 1st, gold was trading at Rs.2,893 per gram and went up to Rs.2,937 per gram on 7th as the US dollar weakened.
• However, due to corrections, gold prices went down to Rs.2,841 per gram on 10th and 11th, which was the lowest gold rate for the entire month.
• After that brief fall, prices of gold seemed to be on the increase for the next couple days as prices hit their highest on 23rd as they reached Rs.3,060 per gram.
• By the end of the month, gold prices had corrected to close at Rs.3,017 per gram, marking an increase of Rs.124 from start to finish.
• January saw gold price trends increase by 4.28% in Rajasthan.

Gold Rate Trend in Rajasthan for February 2017:

• The month of February saw gold price trends remain positive despite the fact that rates seemed to fall over the course of the month.
• Most of the changes in the prices were due to the US monetary policies, which failed to materialise and also due to the US Fed rate hike.
• On 1st, gold was priced at Rs.3,034 per gram and as demand fluctuated, gold prices also seemed to go up and down.
• Despite a slow growth, gold prices were at their lowest when the metal was trading at Rs.3,034 per gram.
• After significant fluctuations, gold prices reached their highest on 25th when it hit Rs.3,101 per gram.
• Gold prices went up by 1.97% for the month of February.

Gold Rate Trend in Rajasthan for March 2017:

• March saw gold prices drop significantly as US Fed Rate hike brought gold prices down.
• On the 1st of March, gold was priced at Rs.3,080 per gram but as demand from global markets fell, gold prices seemed to fall.
• By the end of the 15th, gold prices had hit a low of Rs.2,974 per gram.
• The next few days saw gold prices go up and down as demand wasn’t steady.
• The month ended on 31st as gold was trading at Rs.3,029 per gram, thereby marking a decline of -1.67% in price trends.

Details of Gold Price in Rajasthan (22 Karat & 24 Karat) - Till October 2015

24 karat gold: 24 karat gold is the purest form of gold available to customers, with a purity of 99.99%. If you wish to buy one gram of 24 karat gold in Rajasthan, you will have to fork out Rs. 2720 as of October 15, 2015. Prices have been on a roller coaster ride in the recent past, rising and falling over time. In comparison with a month ago, rates have increased 3.54% at the moment, but declined 0.11% over the past year.

22 karat gold: The purity of 22 karat gold is around 92%, and it is usually the preferred choice in terms of designing jewellery. Since the purity of 22 karat gold is lower than that of 24 karat gold, the rates are comparatively cheaper. If you’re looking to purchase 22 karat gold in Rajasthan, the price you must pay is around Rs. 2542 per gram.

Gold Investment Avenues in Rajasthan

In addition to its cultural importance, gold is also among the most preferred investment tools in Rajasthan. It can be bought in various forms to suit the investment needs of an individual.

Market trade: ETFs (Exchange Traded Funds), E-Gold and future contracts present some of the best trading opportunities for those who intend on purchasing gold. ETFs are the safest options as they provide healthy returns while allowing the owner to trade it on the Mumbai Stock Exchange. Future contracts are a great option for investors who are looking to stay safe amidst market fluctuations as they can claim possession of the gold on a prearranged date. E-Gold, on the other hand, can be bought and sold via the National Spot Exchange Limited and buyers can choose whether they want to physically own their purchase or just reinvest it at a later date without taking possession.

Over-the-counter: Jewellery, coins and bullions are the most preferred options among gold investors in Rajasthan. Gold coins and bullions are available with several dealers and banks in the state and local prices are often dictated by international rates. Investors usually tend to make purchases from local dealers instead of approaching banks as the prices charged by banks are slightly higher owing to quality assurance. In any case, potential investors in Rajasthan have no shortage of options when it comes to purchasing gold.

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