Gold Rate In Sangli

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The city of Sangli is the capital of the Sangli district in Maharashtra. Sangli is a region that’s famous for its production and knowledge in the trade of turmeric, and it also has a lot of sugar factories. Gold is one of the most popular commodities used in Sangli as a measure of prosperity and wealth, in addition to its widespread use all over the country as the best medium in which to own jewellery for weddings and functions.

Sangli has a huge Ganesha temple, and has, as a result, become one of the most popular destinations for religious pilgrimage in the area. Today, Sangli exists as the urban agglomeration of two cities – Sangli, and Miraj, and is an important cultural and educational hub.

Gold rate in Sangli

The gold rate in any location is subject to variations and fluctuations based on international market trends, the purity of the gold in question, etc. The form of the gold being bought also affects the end price the customer pays – for example, 10 grams of gold would be cheaper (charged at the base rate) in the form of a coin or bullion, but more expensive in the form of jewellery.

24 karat gold: The purest form that gold is available in is the 24 karat variety. This form of gold, while not being ideally suited for the crafting of jewellery, is treated more as an investment and traded accordingly. Currently, 10 grams of 24 karat gold in Sangli costs Rs.30,680 (as on 11^th March, 2016). This year, the price has steadily increased from Rs.26,680 for 10 grams in January (as on 13^th January, 2016), to Rs.30,050 in February (as on 24^th February, 2016) to the present rate of Rs.30,680.

22 karat gold: Gold loses some of its purity when it is mixed with certain “impurities” which make the gold ideal for smithing and jewellery making. The best gold jewellery is found in 22 karat purity, as skilled and master craftsmen prefer this gold for ornamentation and decoration. Currently, 10 grams of 22 karat gold in Sangli costs Rs.28,480 (as on 11^th March, 2016). Over the last week, the price has risen slowly from Rs.Rs.27,540 on the 2^nd of March, to Rs.27,770 on the 7^th, and Rs.28,480 presently.

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

Factor	January	February	March
1st day	Rs.3,093 per gram	Rs.3,128 per gram	Rs.3,147 per gram
Last day	Rs.3,121 per gram	Rs.3,147 per gram	Rs.3,148 per gram
Highest price	Rs.3,162 per gram on  17 & 18 January	Rs.3,148 per gram from 3-5, 7 and from 17-22 February	Rs.3,148 per gram on 8 & 9 and from 24-31 March
Lowest price	Rs.3,080 per gram from 4-8 January	Rs.3,091 per gram from 9-11 February	Rs.3,123 per gram from 17-23 March
Trend	Incline	Incline	Incline
Change	0.90%	0.60%	0.03%

Gold Rate Trend in Sangli for January 2018

• Gold opened the month priced at Rs.3,093 per gram in Sangli as demand was high due to positive market cues and local demand.
• Local jewellers increased orders to keep up with demand during the wedding season and stabilised prices in spite of fluctuations.
• The dollar fell as internal political tensions led to turbulent equity markets, which led to a rise in demand for safe-haven assets like gold.
• Prices rose to Rs.3,162 per gram on 17 January as industrial demand was on the rise due to favourable market conditions.
• Fluctuations in the dollar rate and a drop in retail demand led to gold prices falling towards the end of the month.
• The month ended with gold priced at Rs.3,121 per gram, registering a 0.90% rise in price over the course of the month.

Gold Rate Trend in Sangli for February 2018

• Demand for the yellow metal was consistent for most of the month as markets fluctuated wildly due to conflicting cues.
• Gold began the month trading at Rs.3,128 per gram as investor interest in the metal was high due to poor returns from equity markets.
• Trade tensions between the United States and China led to fears of a trade war, leading investors to seek safe-haven assets like gold.
• Prices rose to Rs.3,148 per gram initially before dipping on declining demand from local industrial units.
• The dollar made some gains after markets stabilised on positive inflation data from the United States, which led to a drop in demand for gold from Asia.
• Prices fluctuated for most of the month, with gold priced at Rs.3,147 per gram on 28 February to record a 0.60% gain in value during the month.

Gold Rate Trend in Sangli for March 2018

• The precious metal opened the month trading at Rs.3,147 per gram on stable demand from local as well as overseas buyers.
• International trends indicated a slowing down of demand for the yellow metal as investor confidence in equity markets improved.
• Local demand also fell as a strong U.S. Dollar resulted in gold imports becoming more expensive as retail buyers stayed away from large gold purchases.
• Prices fell to a monthly low of Rs.3,123 per gram from 17-23 March as global markets capitalised on positive employment data from the U.S.
• Gold prices rose marginally as the month ended, trading at Rs.3,148 per gram.
• There was a negligible rise in the value of gold due to poor demand, as the metal registered a 0.03% rise.

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

Factor	October	November	December
1st day	Rs.3,127 per gram	Rs.3,070 per gram	Rs.3,074 per gram
Last day	Rs.3,088 per gram	Rs.3,081 per gram	Rs.3,093 per gram
Highest price	Rs.3,135 per gram from 12 to 17 October	Rs.3,115 per gram on 19 and 20 November	Rs.3,094 per gram from 2 to 4 December
Lowest price	Rs.3,002 per gram from 23 to 26 October	Rs.3,061 per gram on 6 November	Rs.2,988 per gram on 12 and 13 December
Trend	Decline	Incline	Incline
Change	-1.24%	0.35%	0.61%

Gold Rate Trend in Sangli for October 2017

• Gold opened on a relatively high note, trading at Rs.3,127 per gram when October began.
• Rates continued at this rate before dropping to Rs.3,104 per gram on the 4th as demand seemed to fall amid poor local demand and a rising US dollar.
• Gold prices in Sangli flatlined at Rs.3,084 per gram from 6th to 8th October before increasing to Rs.3,119 per gram on the 9th and rising to the month’s highest figure of Rs.3,135 per gram on the 12th of October.
• The yellow metal’s rates continued at Rs.3,135 per gram till the 17th - owing to festive demand and a weak US dollar - but fell to Rs.3,011 per gram on the 19th.
• Gold rate in Sangli hit their lowest for the month when the metal traded at Rs.3,002 per gram from the period between the 23rd and 26th October.
• From this point on, rates improved gradually to end the month at Rs.3,088 per gram.
• Some poor demand towards the latter half of the month led to prices declining by 1.24% in Sangli.

Gold Rate Trend in Sangli for November 2017:

• Gold rates in Sangli saw an improvement in the month of November, thanks to various events involving the US president Donald Trump.
• The yellow metal’s rates had actually tumbled when trading began for November - starting at Rs.3,070 per gram as opposed to Rs.3,088 per gram the previous day.
• But, a weak US dollar performance - brought about by the lukewarm response to Donald Trump’s latest tax structure rejig - pushed gold rates up.
• Gold traded at its highest during the 19th and the 20th when it was priced at Rs.3,115 per gram.
• However, a improvement in US treasury yields gave the US economy a much needed reason for growth.
• By the end of this month, gold rate in Sangli had plummeted to go down to Rs.3,081 per gram.
• Despite the reduced demand towards the end of the month, gold rate trends managed to record an increase of 0.35%.

Gold Rate Trend in Sangli for December 2017:

• Gold rates in Sangli opened strongly when December began. However, rates seemed to be on the decline for most part of the month due to poor demand.
• On the 1st of December, the yellow metal was priced at Rs.3,078 per gram, which then rose to Rs.3,094 per gram - the month’s highest gold rate.
• From this point on, there was consistent decline in prices with prices going down to as low as Rs.2,988 per gram on the 12th of December.
• But, a number of issues concerning the US economy and the Trump Presidency led to a weakening of the US dollar and the subsequent rise in gold prices.
• During the second half of the month, gold rates seemed to be on the incline - rising steadily and closing at Rs.3,093 per gram as the month came to an end.
• Gold price trend inclined by 0.61% in Sangli for the last month of 2017, thanks to a rise in demand both globally and domestically.

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

Factor	July	August	September
1st day	Rs.3,055 per gram	Rs.2,988 per gram	Rs.3,045 per gram
Last day	Rs.2,988 per gram	Rs.3,045 per gram	Rs.3,127 per gram
Highest price	Rs.3,055 per gram on 1 & 2 July	Rs.3,045 per gram from 29- 31 August	Rs.3,186 per gram from 9-12 September
Lowest price	Rs.2,981 per gram on 9 July	Rs.2,978 per gram on 8 August	Rs.3,045 per gram on 1 September
Trend	Decline	Incline	Incline
Change	-2.19%	1.90%	2.69%

Gold Rate Trend in Sangli for July 2017:

• July’s gold trading in Sangli was hit by a weak demand and a sturdy US dollar.
• When trading opened for the month, gold was priced at Rs.3,055 per gram, which was the highest rate for the month.
• However, implementation of GST adversely affected gold sales in the city. This issue was then compounded by an improving greenback.
• All these factors contributed to push gold rates in Sangli down for most of the month. Gold sales were at their lowest point on the 9th of July, when the metal traded at Rs.2,981 per gram.
• There was a lot of fluctuations over the final weeks of the month, with gold sales remaining largely volatile.
• At the time of closing on the 31st of July, gold was priced at Rs.2,988 per gram.

Gold Rate Trend in Sangli for August 2017:

• Gold opened at Rs.2,988 per gram when trade exchanges started off on the 1st of August.
• On the 8th, gold prices in Sangli hit a monthly low figure of Rs.2,978 per gram, but from this day forward trading figures rose gradually.
• With investors slowly putting the GST woes behind them, gold rates seemed to improve over time.
• The 29th saw gold trade at Rs.3,045 per gram - the month’s highest rate in the city.
• Price trends improved by 1.90% this month as investor confidence grew and local demand improved, while the US dollar lost some of its sheen.

Gold Rate Trend in Sangli for September 2017:

• September’s trading opened with gold priced at Rs.3,045 per gram.
• The US economy was setting itself up for another woeful month due to concerns relating to Donald Trump’s administration.
• Prices seemed to surge significantly during the first week as the North Korea - US conflict sent markets crashing.
• Gold rates in Sangli went up to as high as Rs.3,186 per gram on the 9th and continued at the same rate till the 12th of September.
• After the tensions simmered down, the US dollar bounced back, pushing gold prices down.
• On the final day of the month, gold was seen trading at Rs.3,127 per gram. Aided by geopolitical concerns, price trends surged by 2.69% over the course of this month.

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

Parameters	April	May	June
1st day	Rs.3,011 per gram	Rs.3,061 per gram	Rs.3,046 per gram
Last day	Rs.3,061 per gram	Rs.3,046 per gram	Rs.3,055 per gram
Highest price	Rs.3,061 per gram on 29 April & 30 April	Rs.3,061 per gram on 1 May & 2 May, 2017	Rs.3,077 per gram on 7 June and 8 June, 2017
Lowest price	Rs.3,011 per gram from 1 April to 3 April, 2017	Rs.2,956 per gram from 11 May to 16 May, 2017	Rs.3,033 per gram from 15 June to 29 June, 2017
Overall Monthly Performance	Incline	Decline	Incline
Percentage Change	1.66%	-0.49%	0.29%

Gold Rate Trend in Sangli for April 2017:

• In Sangli, when trading began for the month of April, gold was priced at Rs.3,011 per gram.
• But, as US economic data suggested a slowdown, gold - considered a safe haven - saw an increased demand.
• In Sangli, gold rate went up to Rs.3,043 per gram on the 4th of April.
• For the next few days, till the 9th, gold prices remained unchanged but went down to Rs.3,025 per gram on the 10th.
• The next 14 days, i.e., till the 25th, gold prices remained at Rs.3,025 per gram as demand for the metal remained steady in the market.
• Rates went up to Rs.3,036 per gram on the 26th and then went up to Rs.3,048 per gram on the 27th.
• On the 28th, gold prices in Sangli went up to Rs.3,061 per gram and continued at the same rate till the end of the month.
• Due to positive trading figures, gold price trends increased at a rate of 1.66% for the month of April.

Gold Rate Trend in Sangli for May 2017:

• Gold began strongly in Sangli for May with the yellow metal trading at Rs.3,061 per gram.
• However, as US dollar rallied against other currencies and gold got dearer for investors, rates went down by Rs.41 to Rs.3,020 per gram on the 3rd of May.
• On the 5th, gold price in Sangali dropped again - this time by Rs.24 - for gold to trade at Rs.2,996 per gram.
• Though, gold rates didn’t change till the 8th, they went down on the 9th to Rs.2,977 per gram as soon as the demand fell.
• Gold price in Sangli kept falling till the 16th when it hit Rs.2,956 per gram.
• Signs of US dollar slowing down led to gold prices increasing to Rs.2,973 per gram on the 16th and then to Rs.3,017 per gram on the 18th.
• On the 25th, prices went up to Rs.3,025 per gram as weak US economic data led to an increased demand.
• Rates went up again on the penultimate day of the month and traded at Rs.3,046 per gram.
• Gold price trends declined by 0.49% for the month of May as US dollar’s late rally affected investor sentiments in Sangli.

Gold Rate Trend in Sangli for June 2017:

• When June began in Sangli, gold was priced at Rs.3,046 per gram, which went up to Rs.3,059 per gram on the 3rd.
• The high prices at the beginning of the month was attributed to some geopolitical concerns on the international stage.
• As demand gradually increased, gold rates hit Rs.3,077 per gram by the 7th - which as it happened - was the highest gold rate for the month.
• On the 9th, prices slipped by Rs.24 to reach Rs.3,053 per gram as demand simmered down.
• The yellow metal traded at Rs.3,053 per gram till the 14th, before falling to Rs.3,033 per gram on the 15th.
• Due to domestic demand remaining more or less stable, gold prices remained at Rs.3,033 per gram till the penultimate day of the month.
• The last day of June, however, saw gold prices in Sangli increase considerably to reach Rs.3,055 per gram.
• All in all, there was a positive, Rs.13 difference from the first day’s to the last day’s gold rates in Sangli.
• A late flourish saw to it that gold price trends inclined marginally at a rate of 0.29% in June.

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

Factor	January	February	March
1st day	Rs.2,884 per gram	Rs.2,985 per gram	Rs.3,054 per gram
Last day	Rs.2,985 per gram	Rs.3,054 per gram	Rs.3,011 per gram
Highest price	Rs.2,997 per gram from 16th to 27th January	Rs.3,054 per gram from 24th to 28th February	Rs.3,054 per gram on 1st and 2nd March
Lowest price	Rs.2,884 per gram on 1st & 3rd January	Rs.2,985 per gram on 1st February	Rs.2,968 per gram on 15th of March
Trend	Incline	Incline	Decline
Change	+3.50%	+2.33%	-1.40%

Gold Rate Trend in Sangli for January 2017:

• January in Sangli was very positive for gold rates after going through a tough period in the last quarter of 2016.
• On the 1st of January, gold was priced at Rs.2,884 per gram.
• However, due to a slip in demand on 2nd, gold prices went down to Rs.2,972 per gram.
• From 3rd onwards, gold prices were largely in the positive as US dollar value fell, thereby bringing an increase in demand.
• The 3rd saw gold trading at Rs.2,884 per gram and then increased to reach Rs.2,908 per gram by the 9th.
• As demand kept increasing amidst a volatile US market, gold prices went up to Rs.2,938 per gram on 10th.
• Rates went up to Rs.2,974 per gram on 12th as traders offered no sign of letting off, thanks to rise in demand.
• The third week, however, saw gold rates remain largely unchanged as demand dipped.
• By the end of 20th, gold was priced at Rs.2,997 per gram and remained unchanged till the 27th of March.
• On 28th, gold was trading at Rs.2,985 per gram and remained the same till the end of the month.
• Gold price trends in Sangli went up by 3.50%, giving January a positive start.

Gold Rate Trend in Sangli for February 2017:

• February saw gold prices reach their highest point for the quarter as there was sustained demand for the metal.
• On 1st February, gold was trading at Rs.2,985 per gram, which then increased to Rs.3,014 per gram on 2nd.
• Gold prices were mostly on the sub-Rs.3,000 range as demand seemed to grow despite some bad global events.
• On 8th February, gold rates went up to Rs.3,034 per gram but dropped down to Rs.3,013 per gram on 10th.
• By the end of the 17th, gold prices had been through some fluctuations before ending at Rs.3,034 per gram.
• When February came to an end on the 28th, gold was trading at Rs.3,054 per gram - an increase of Rs.40 from the first day’s prices.
• Price trends saw an inclined growth of 2.33% in February 2017.

Gold Rate Trend in Sangli for March 2017:

• Gold rates fell for much of March as demand also fell.
• The slip in gold rates was due to the interest rate hike brought up by US Federal Reserve.
• As the interest was hiked, value of the US dollar rallied thereby spurring a crash in gold purchases across sectors.
• March began with gold trading at Rs.3,054 per gram - the same rate as February 28th - but decreased to Rs.2,968 per gram by the 15th as demand took a massive hit.
• On 16th, prices went up to Rs.3,012 as there was enough demand to stop the freefall in gold prices.
• Rates remained unchanged till the 22nd before increasing to Rs.3,035 per gram on the 23rd.
• From 23rd to 30th, gold rates remained the same at Rs.3,035 per gram before falling to Rs.3,011 per gram on 31st March.
• Despite an increase in demand over the last few days, gold price trends couldn’t help falling into the negative side.
• Price trends went down by 1.40% in Sangli for the month of March.

Gold investments in Sangli

Regular purchase: Gold can be purchased the old fashioned way (over the counter) from any of Sangli’s many local jewellers and some banks. Gold is mostly purchased here in the form of jewellery for weddings and religious functions, but there are those who invest in the 24 karat variety as a holding investment.

Gold market trading: Gold (while not in its physical form) can be invested in using Gold ETFs and E-gold. There are financial institutions that offer gold ETF investments, and these can be accessed online. The financial benefits of holding gold as an asset can be enjoyed without the danger and risk involved in holding physical gold. The National Spot Exchange enables E-gold investments and trading, while the Mumbai Stock Exchange facilitates gold ETF trading.