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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 April 2017 to June 2017 (per gram of 24 karat gold)
|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|
Gold Rate Trend in Rajasthan for January 2017 to March 2017 (per gram of 24 karat gold)
|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|
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.
|1st day||Rs.3,304 per gram||Rs.3,199 per gram||Rs.2,963 per gram|
|Last day||Rs.3,199 per gram||Rs.3,012 per gram||Rs.2,893 per gram|
|Highest price||Rs.3,304 per gram on 1st October||Rs.3,252 per gram from 3rd-6th November||Rs.2,963 per gram on 1st & 2nd December|
|Lowest price||Rs.3,157 per gram from 7th-13th October||Rs.3,003 per gram on 27th November||Rs.2,800 per gram from 23rd-28th December|
Gold Rate Trend for Rajasthan in October 2016
- The price of gold in Rajasthan for October fell due to demand dropping near the end of the month.
- Gold traded at Rs.3,304 per gram on 1st October but prices fell to Rs.3,273 per gram on 2nd October due to fluctuations in the market.
- Prices were steady but a decrease in demand was the overall trend for the month due to declining industrial demand.
- As speculation of a U.S. Fed interest rate hike grew stronger, the U.S. Dollar strengthened and stock markets also stabilised, which led to a drop in demand for gold.
- Gold prices rose fractionally due to an increase in retail demand in the middle of the month, but international trends pointed to a slowdown in demand.
- Gold ended the month trading at Rs.3,199 per gram for an overall loss of 3.17%.
Gold Rate Trend for Rajasthan in November 2016
- Gold prices increased at the start of November as demand was high due to market instability, though prices fell for the remainder of the month due to consistently low demand.
- Gold was priced at Rs.3,199 per gram on 1st November, rising to Rs.3,252 per gram on 3rd November as markets were unsteady as U.S. elections drew nearer.
- As news of Donald Trump’s victory emerged, markets crashed and gold demand rose sharply, as the demonetisation policy led to a market crash in India.
- Demand for gold fell as markets began to stabilise following the sharp fall of the previous week, as industrial demand also declined due to lowered demand from Asian markets.
- Gold prices fell for the rest of the month, trading at Rs.3,012 per gram on 30th November and registering an overall loss in value of 5.81%.
Gold Rate Trend for Rajasthan in December 2016
- Gold prices were lower than expected in December as declining demand from industry and stagnant demand from the retail sector led to prices falling.
- Gold was priced at Rs.2,963 per gram on 1st December, with markets rallying on higher spending due to the festive season.
- Domestic demand for gold was also muted due to the currency shortage, which impacted prices in the subcontinent and kept prices low.
- Prices reached a quarterly low of Rs.2,800 per gram on 23rd December on weak demand from the industrial as well as the retail sector, with prices staying low during the Christmas week.
- Gold prices rose slightly towards the end of the month, trading at Rs.2,893 per gram on 31st December for an overall loss in value of 2.36%.
|1st day||Rs.3,224 per gram||Rs.3,247 per gram||Rs.3,245 per gram|
|Last day||Rs.3,244 per gram||Rs.3,245 per gram||Rs.3,304 per gram|
|Highest price||Rs.3,287 per gram on 6th and 7th July||Rs.3,290 per gram on 23rd to 26th August||Rs.3,304 per gram from 27th to 30th September|
|Lowest price||Rs.3,207 per gram on 15th July||Rs.3,236 per gram on from 8th to 14th August||Rs.3,245 per gram on 1st and 2nd September|
Gold Rate Trend in Rajasthan for July 2016
- On 1st July, gold traded at Rs.3,224 per gram.
- As market trends favored gold, demand for the metal was high.
- Prices climbed to Rs.3,287 per gram on 6th and 7th July, the highest for this month.
- There were fluctuations but gold rates continued to rise through the month.
- On 31st July, gold was seen trading at Rs.3,244 per gram which indicated an increase of 0.62% in gold rates this month.
Gold Rate Trend in Rajasthan for August 2016
- At the start of the month, positive trends in the global market kept gold rates up.
- Gold traded at Rs.3,247 per gram on 1st August.
- Prospects of a Fed rate hike increased on the back of positive U.S. economic data.
- Gold prices started to rapidly decline with the lowest rate recorded between 8th and 14th August at Rs.2,326 per gram.
- Gold was able to recover slightly towards the end of the month but the trend in gold rates showed a decline of 0.06% this month.
Gold Rate Trend in Rajasthan for September 2016
- Buyers in the domestic market welcomed the drop in gold rates as the festive season was drawing near.
- Gold was able to recover as demand stabilized.
- The highlight of this month was the Fed rate hike being put on hold on account of the approaching U.S. presidential elections.
- On 1st September, gold traded at Rs.3,245 per gram but by 27th September, gold prices had climbed to Rs.3,304 per gram.
- The trend for this month was an increase of 1.81% in gold prices.
|1st day||Rs.2,988 per gram.||Rs.3,147 per gram.||Rs.2,991 per gram.|
|Last day||Rs.3,147 per gram.||Rs.2,991 per gram.||Rs.3,209 per gram.|
|Highest price||Rs.3,147 per gram on 29th and 30th April.||Rs.3,178 per gram on 7th and 8th May.||Rs.3,209 per gram on 30th June.|
|Lowest price||Rs.2,957 per gram on 4th April.||Rs.2,991 per gram on 30th and 31st May.||Rs.2,991 per gram on 1st and 2nd June.|
|Trend||Increase in price.||Decrease in price.||Increase in price.|
|Change||+6.42% increase.||-4.95% decrease.||+7.28% increase.|
Gold Rate Trend in Rajasthan in April 2016
- Gold prices rose marginally through the month as demand from jewellers increased after the strike was called off.
- Global demand was steady in spite of markets being relatively stable.
- Prices rose to Rs.3,031 per gram mid-month before stabilising.
- A weakening market pushed prices to Rs.3,152 per gram before prices settled at Rs.3,147 per gram.
Gold Rate Trend in Rajasthan in May 2016
- Prices continued their upward swing as demand was strong.
- The possibility of an interest rate increase by the U.S. Federal Reserve led to markets strengthening, leading to reduction in demand for gold.
- Indications of an imminent rate hike lead to prices sliding downwards, with the Dollar gaining strength.
- Prices fell to Rs.2,991 per gram as the month ended.
Gold Rate Trend in Rajasthan in June 2016
- With the possibility of an interest rate hike still imminent, markets were high, leading to gold prices stagnating.
- Small increases in demand led to prices rising marginally, but market forces made these gains negligible.
- The upcoming UK referendum vote caused market instability, leading to gold prices rising.
- With the UK voting to leave the EU, markets crashed as investors rushed to gold as a safe haven, with prices reaching Rs.3,209 per gram.
|1st day||Rs.2,605 per gram.||Rs.2,781 per gram.||Rs.3,067 per gram.|
|Last day||Rs.2,781 per gram.||Rs.3,067 per gram.||Rs.2,988 per gram.|
|Highest price||Rs.2,781 per gram on 30th and 31st Jan.||Rs.3,067 per gram from 27th – 29th Feb.||Rs.3,090 per gram from 2nd – 19th March.|
|Lowest price||Rs.2,605 per gram from 1st – 3rd Jan.||Rs.2,781 per gram on 1st and 8th Feb.||Rs.2,974 per gram from 23rd – 25th March.|
|Trend||Increase in price.||Increase in price.||Decrease in price.|
|Change||+6.75% increase.||+11.00% increase.||-2.57% decrease.|
Gold Rate Trend in Rajasthan in January 2016
- Gold retailed at a steady increase during January as demand was high both domestically as well as internationally.
- Prices increased marginally and tended to stabilise during the middle of the month as demand was steady.
- Prices were stagnant at Rs.2,580 per gram as demand plateaued.
- Prices rose again as the month ended, trading at Rs.2,781 per gram.
Gold Rate Trend in Rajasthan in February 2016
- Prices rose as demand continued to be high due to the wedding season.
- Prices reached highs of Rs.3,036 per gram as demand reached a peak.
- Prices dipped a little but recovered as jewellers renewed demand.
- Prices reached Rs.3,067 per gram at the end of the month.
Gold Rate Trend in Rajasthan in March 2016
- Prices initially rose as demand was steady.
- The nationwide jewellery strike led to a slump in demand from jewellers.
- Prices plateaued, trading at Rs.3,090 per gram for 2 weeks.
- Prices fell to Rs.2,988 per gram at the end of March.
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.
Also Check Gold Prices in the Cities of Rajasthan
|Gold Rate In Jodhpur||Gold Rate In Kota||Gold Rate In Udaipur||Gold Rate in Jaipur|
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News About Gold Rate In Rajasthan
Gold Investors In The UAE Waiting For Fed Rate Changes
Investors wanting to invest in gold are waiting to hear the new interest rates that may be announced by the US Federal Reserve this month. Though it was almost certain that the announcement will be made in june, following poor job market data from the US, experts are speculating that the Fed might not raise the interest rates this month. Gold had been holding its price after having hit a 6 week high but it slipped by 0.08% to $1,284.53 per ounce in the case of spot gold. The price of US gold also came down a bit to $1,287.30 per ounce, which constitutes a drop of 0.1%. The price of gold is also now incumbent on the referendum that the UK is to issue in another week's time about its decision to stay with, or leave the European Union. Should the UK leave the EU, it is estimated that the EU will be pushed into recession and that gold might shoot up and remain a safe haven investment.
Price of Gold at Three Week High
For the fifth consecutive session, gold prices increased by Rs. 160 at the bullion market and is in line with overseas trend and persistent purchasing by jewellers at spot markets. But silver stopped its rising trend and reduced by Rs. 65. Gold price increased due to possible risks that would occur if Britain left the European Union and also on the off chance that the U.S. Fed would raise rates of interest.
Worldwide, gold increased by 0.8%. The increase in gold rates was also fuelled by continuous purchase by jewellers at local spot market.
Silver ready reduced by Rs. 65 whereas weekly based delivery increased by Rs. 80. Silver coins did not change in price and were Rs. 69,000 for purchasing and Rs. 70,000 for selling og hundred pieces.
Gold Price flare up as Dollar drops ahead of Fed Policy Meet
As the US Dollar slipped as many traders saw profits from rally against Yen, Gold prices witnessed a considerable rise. Spot gold went up by 0.1% to $1,238. It is important to note that Gold prices might increase the cost of non yielding assets like bullion while also bolstering the dollar value.
26th April 2016
Gold prices have gone down by Rs 195 on global cues
On Friday, the price of gold has reduced by Rs 195 to Rs 29,355 per 10 gram. The bullion market has seen lower offtake from stockists and investors. Also, there has been a reduced local buying interest seen at higher levels. Further, these changes are evident because of the turnaround in global market.
The price of Silver also reduced by Rs 335 per kg, making it go below the Rs 41,000 mark.
According to Thursday's closing level of Rs 29,550, Standard gold (99.5 purity) has reduced by Rs 195 to finish at Rs 29,355 per 10 grams. A similar reduction has been seen in pure gold which also reduced by Rs 195. From Rs 29,700, the price is now reduced to Rs 29,505 per 10 grams.
22nd April 2016
- For more related news /update on gold price visit: Gold News