Gold Rate In Tamil Nadu Today

A popular commodity in Tamil Nadu, gold is bought for both investment purposes and as jewellery. Track gold prices in Tamil Nadu for 22 karat and 24 karat, with daily gold rate updates.
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  • Today's Gold Rate in Tamil Nadu ( 17 Oct 2021 )

    ₹ 4,465
    Today's Gold Rate (22K) per gram

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

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,465 ₹ 4,515 ₹ -50 ↓
    Standard Gold (22 K) ( 8 grams ) ₹ 35,720 ₹ 36,120 ₹ -400 ↓
    Pure Gold (24 K) ( 1 gram ) ₹ 4,688 ₹ 4,741 ₹ -53 ↓
    Pure Gold (24 K) ( 8 grams ) ₹ 37,504 ₹ 37,928 ₹ -424 ↓

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    16 Oct 2021 ₹ 4,465 ₹ 35,720 ₹ 4,688 ₹ 37,504
    15 Oct 2021 ₹ 4,515 ₹ 36,120 ₹ 4,741 ₹ 37,928
    14 Oct 2021 ₹ 4,505 ₹ 36,040 ₹ 4,730 ₹ 37,840
    13 Oct 2021 ₹ 4,444 ₹ 35,552 ₹ 4,666 ₹ 37,328
    12 Oct 2021 ₹ 4,443 ₹ 35,544 ₹ 4,665 ₹ 37,320
    11 Oct 2021 ₹ 4,419 ₹ 35,352 ₹ 4,640 ₹ 37,120
    10 Oct 2021 ₹ 4,438 ₹ 35,504 ₹ 4,660 ₹ 37,280
    09 Oct 2021 ₹ 4,438 ₹ 35,504 ₹ 4,660 ₹ 37,280
    08 Oct 2021 ₹ 4,413 ₹ 35,304 ₹ 4,634 ₹ 37,072
    07 Oct 2021 ₹ 4,411 ₹ 35,288 ₹ 4,632 ₹ 37,056

    Weekly & Monthly Graph of Gold Rate in Tamil Nadu

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    *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 Tamil Nadu

    Tamil Nadu is said to be one of the most prosperous states in Southern India and has a reputation for gold lovers in terms of jewelry or ornamentation as well as trade since people can afford it. A lot of people consider it with a holistic perspective. The capital of the state, Chennai ranks above all other cities and towns in India in terms of gold trade. It is mainly because of the fact that this cosmopolitan city with the maximum number of sales and purchases of gold in India. Gold rates in Tamil Nadu are also vital because Tamilian ornamentation and designs are renowned the world over. There is also a strong belief among the people that Tamil Nadu having a metropolitan city like Chennai and being the top 4 cities of the country makes this statistic important when it comes to gold trade.

    Gold Rate Trend in Tamil Nadu for April 2021 to June 2021 (per gram of 24 karat gold)

    Factor April May June
    1st Day Rs.4,610 per gram Rs.4,810 per gram Rs.5,060 per gram
    Last Day Rs.4,599 per gram Rs.5,048 per gram Rs.4,631 per gram
    Highest Price Rs.4,917 per gram on 22 April Rs.5,071 per gram on 27 May Rs.5,079 per gram on 3 June
    Lowest Price Rs.4,599 per gram on 30 April Rs.4,500 per gram on 12 May Rs.4,610 per gram on 21 June
    Trend Decline Incline Decline
    Change -0.23% 4.94% -8.47%

    Quarterly Gold Rate in Tamil Nadu from April 2021 to June 2021:

    • In Tamil Nadu, gold prices jumped by 2.27% in April. After opening the month at Rs.4,965 per gram, gold rates jumped to Rs.5,078 on the last day of the month. The lowest and highest rates that the yellow metal hit for the month were Rs.4,838 per gram and Rs.5,329 per gram, respectively.
    • On 1 May 2021, gold rates in the state opened at Rs.5,084 per gram. However, by the end of the month, gold prices fell by 6.40% and closed at Rs.4,758 per gram. The highest and lowest rates that the yellow metal touched for the month were Rs.5,084 per gram and Rs.4,758 per gram, respectively.
    • In June, gold rates fell by 3.23% over the course of the month in Uttar Pradesh. The highest rate that the yellow metal hit for the month was on 2 June at Rs.4,737 per gram. The lowest rate that the yellow metal hit for the month was on 31 June at Rs.4,572 per gram. Gold prices opened and closed the month at Rs.4,725 per gram and Rs.4,572 per gram, respectively.

    Gold Rate Trend in Tamil Nadu for January 2021 to March 2021 (per gram of 24 karat gold)

    Factor January February March
    1st Day Rs.4,965 per gram Rs.5,084 per gram Rs.4,725 per gram
    Last Day Rs.5,078 per gram Rs.4,758 per gram Rs.4,572 per gram
    Highest Price Rs.5,329 per gram on 7 January Rs.5,084 per gram on 1 February Rs.4,737 per gram on 2 March
    Lowest Price Rs.4,838 per gram on 17 January Rs.4,735 per gram on 19 February Rs.4,572 per gram on 31 March
    Trend Incline Decline Decline
    Change 2.27% -6.40% -3.23%

    Quarterly Gold Rate in Tamil Nadu from January 2021 to March 2021:

    • In Tamil Nadu, gold prices jumped by 2.27% in January. After opening the month at Rs.4,965 per gram, gold rates jumped to Rs.5,078 on the last day of the month. The lowest and highest rates that the yellow metal hit for the month were Rs.4,838 per gram and Rs.5,329 per gram, respectively.
    • On 1 February 2021, gold rates in the state opened at Rs.5,084 per gram. However, by the end of the month, gold prices fell by 6.40% and closed at Rs.4,758 per gram. The highest and lowest rates that the yellow metal touched for the month were Rs.5,084 per gram and Rs.4,758 per gram, respectively.
    • In March, gold rates fell by 3.23% over the course of the month in Uttar Pradesh. The highest rate that the yellow metal hit for the month was on 2 March at Rs.4,737 per gram. The lowest rate that the yellow metal hit for the month was on 31 March at Rs.4,572 per gram. Gold prices opened and closed the month at Rs.4,725 per gram and Rs.4,572 per gram, respectively.

    Gold Rate Trend in Tamil Nadu for October 2020 to December 2020 (per gram of 24 karat gold)

    Factor October November December
    1st Day Rs.5,274 per gram Rs.5,194 per gram Rs.4,931 per gram
    Last Day Rs.5,193 per gram Rs.4,935 per gram Rs.5,143 per gram
    Highest Price Rs.5,332 per gram on 13 October Rs.5,215 per gram on 10 November Rs.5,212 per gram on 21 December
    Lowest Price Rs.5,096 per gram from 21 October Rs.4,935 per gram on 30 November Rs.4,931 per gram on 1 December
    Trend Decline Decline Incline
    Change -1.53% -5.24% 4.29%

    Quarterly Gold Rate in Tamil Nadu from October 2020 to December 2020:

    • In October, the prices of gold in Tamil Nadu declined by 1.53% over the course of the month. The prices of the yellow metal on the first day and the last day of the month were Rs.5,274 and Rs.5,193 per gram, respectively. The highest and lowest rates that gold touched in October were Rs.5,332 and Rs.5,096 for a gram, respectively.
    • On 1 November 2020, gold prices were at Rs.5,194 for a gram. Over the course of the month, the prices of the yellow metal declined by 5.24% and were at Rs.4,935 per gram. The lowest and highest rates that gold touched for the month were at Rs.4,935 and Rs.5,215 for a gram, respectively.
    • In December, gold prices increased by 4.29% over the course of the month in Tamil Nadu. The prices of the yellow metal opened and closed the month at Rs.4,931 per gram and Rs.5,143 for a gram, respectively. The highest and lowest rates that the yellow metal touched for the month were Rs.5,212 and Rs.4,931 for a gram, respectively.

    Gold Rate Trend in Tamil Nadu for July 2020 to September 2020 (per gram of 24 karat gold)

    Factor July August September
    1st Day Rs.4,908 per gram Rs.5,437 per gram Rs.5,221 per gram
    Last Day Rs.5,381 per gram Rs.5,190 per gram Rs.5,076 per gram
    Highest Price Rs.5,381 per gram on 31 July Rs.5,691 per gram on 7 August Rs.5,221 per gram on 1 September
    Lowest Price Rs.4,841 per gram on 6 July Rs.5,158 per gram on 29 August Rs.4,993 per gram on 24 September
    Trend Incline Decline Decline
    Change 9.63% -4.54% -2.77%

    Quarterly Gold Rate in Tamil Nadu from July 2020 to September 2020:

    • The prices of gold in July in Tamil Nadu opened at Rs.4,908 per gram and closed at Rs.5,381 per gram. The prices of gold had increased by 9.63% for this month. The outbreak of coronavirus all over the world and the stimulus measures introduced by governments and central banks were the reasons due to which the gold rates rose significantly.
    • On 1 August 2020, the price of gold was recorded to be at Rs.5,437 for a gram. By the end of the month, price of gold had reached Rs.5,190 per gram. Prices of gold in Tamil Nadu had fallen as many countries decided to reopen their economies. Gold rates declined by 4.54% in August.
    • In September, the rates of the precious metal had dropped by 2.77%. Gold prices dropped due to the increase in appetite for riskier products. The gold prices in Tamil Nadu for the month of September opened at Rs.5,221 and closed at Rs.5,076.

    Gold Rate Trend in Tamil Nadu for April 2020 to June 2020 (per gram of 24 karat gold)

    Factor April May June
    1st Day Rs.4,150 per gram Rs.4,670 per gram Rs.4,917 per gram
    Last Day Rs.4,720 per gram Rs.4,916 per gram Rs.5,067 per gram
    Highest Price Rs.4,720 per gram on 30 April 2020 Rs.4,916 per gram on 26, 27, and 31 May 2020 Rs.5,067 per gram on 30 June 2020
    Lowest Price Rs.4,150 per gram from 1 to 5 April 2020 Rs.4,621 per gram on 2 May 2020 Rs.4,483 per gram on 9 June 2020
    Trend Incline Incline Incline
    Change 13.73% 5.26% 3.05%

    Quarterly Gold Rate in Tamil Nadu from April to June:

    • The price of the yellow metal opened the month of April 2020 at the rate of Rs.4,150 per gram and showed an overall inclining trend of 13.73%. The highest price of the yellow metal was recorded on the last day of the month. The month came to a close with the precious metal being traded at the rate of Rs.4,961 per gram.
    • Opening the month of May 2020 at the rate of Rs.4,670 per gram, gold prices in Tamil Nadu witnessed an overall incline for the month. The highest price of the yellow metal was recorded on 26, 27, and 31 May wherein it stood at the rate of Rs.4,916 per gram. The month came to an end with the price of the precious metal standing at the rate of Rs.4,916 per gram. The overall performance increased by 5.26%.
    • The price of the yellow metal opened the month of June 2020 at the rate of Rs.4,917 per gram. It showed an overall inclining trend of 3.05% with the risk appetite amongst investors increasing. The month came to a close with the highest price of gold being recorded on the last day wherein it was being traded at the rate of Rs.5,067 per gram.

    Gold Rate Trend in Tamil Nadu for January 2020 to March 2020 (per gram of 24 karat gold)

    Factor January February March
    1st Day Rs.3,922 per gram Rs.4,169 per gram Rs.4,274 per gram
    Last Day Rs.4,074 per gram Rs.4,368 per gram Rs.4,253 per gram
    Highest Price Rs.4,125 per gram on 8 January Rs.4,394 per gram on 25 February Rs.4,153 per gram on 18 March
    Lowest Price Rs.3,919 per gram on 2 January Rs.4,127 per gram on 6 February Rs.4,111 per gram on 20 March
    Trend Incline Incline Decline
    Change 3.87% 4.77% -0.49%

    Quarterly Gold Rate in Tamil Nadu from January 2020 to March 2020:

    • The price of gold in Tamil Nadu opened at Rs.3,992 per gram and closed at Rs.4,074 in the month of January, with the highest price being at the start of the second week, at Rs.4,125 and the lowest price being in the first week, at Rs.3,919 (all prices per gram for 24 karat gold). The overall trend in January was on an incline of 3.87%. This was due to the uncertainty in the stock markets due to the US-China trade war and the US-Iran conflict, compounded by fears of the coronavirus epidemic in China that was affecting the Chinese stock markets as well. All of these contributed to gold being seen as a safe-haven investment.
    • In February, gold saw an even greater incline of 4.77% with the highest price being Rs.4,394, having opened at Rs.4,169 and closing at Rs.4,368, and the lowest being Rs.4,127. This was following the Covid-19 epidemic in China escaping the borders and becoming a global pandemic, which saw investors panic buying gold and other precious metals as a safe haven investment.
    • By March, the price of gold had plummeted with a decline of –0.49% with the highest price being RS.4,153 and the lowest being Rs.4,111. It had opened at Rs.4,274 and closed at Rs.4,253. This was due to the economic downturn caused by the lockdowns announced in most of the countries, that led to a dip in the physical trading of gold as well as in the trading in the bullions market. Most investors chose to liquidate all assets to keep cash in hand to face a possible global recession caused by the impact of the coronavirus on the world economies.

    Also Check Gold Price in Metro Cities

    Also Check Gold Prices in the Cities of Tamil Nadu

    Gold investment Avenues in Tamil Nadu

    When it comes to a safe investment option, Gold is considered to be one of the least riskiest of trading commodities in any market, whether regional or global. In Tamil Nadu too the yellow metal is considered an investment option that is lower on risk factors, primarily based on the fact that it is highly affordable and culturally significant as mentioned before. It is also an integral part of their investment portfolio along with stock market and mutual fund investments. Investors have various options for gold trading through gold contracts and physical gold.

    Buying Physical Gold: In keeping with the rest of the country, the people of Tamil Nadu purchase gold mainly in the form of jewelry. Needless to say, there are a number of jewelry establishments spread in and around the city to meet this demand. Gold rates or prices are updated on a daily basis and can be obtained from those dealing in gold or online via many financial sites. India imports most of its gold requirements from abroad. Tamil Nadu which doesn’t have any significant gold production also contributes to the country’s need to substantiate gold demand through imports. Even though gold is bought as jewelry, it is done for reasons beyond ornamentation. Such purchases form a part of many buyers’ investment portfolio.

    Market Avenue: In this state you can purchase gold through the markets, with gold being traded in the National Multi Commodity Exchange, National Commodity and Derivatives Exchange and the Multi Commodity Exchange. This is apt for individuals willing to purchase gold in bulk, with the minimum trading limit being set at 1 kg in general. It's a viable option for people who are well aware of the gold market and all that affects it.

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    News About Gold rate in Tamil Nadu

    • Gold futures prices jump in India on 31 August 2021

      Gold futures prices on MCX in India jumped by 0.27% on 31 August 2021 and were at Rs.47,293 for 10 grams. On 30 August 2021, gold prices jumped by Rs.329 and were at Rs.47,478 for 10 grams. At MCX gold prices are showing resistance at Rs.47,330-Rs.47,580 and showing support at Rs.47,000-Rs.46,820. In the domestic markets, the prices of the yellow metal settled on a weaker note due to a strong rupee. When compared to 27 August, the prices of gold in the international markets settled lower on 30 August 2021.

      2 September 2021

    • Dip in spot gold prices on 28 July 2021

      On 28 July 2021, there was a decrease in the prices of spot gold in India, settling at Rs.47650 from the previous day's price of Rs.47660. It was also 0.34% lower than last week's average gold price of Rs.47812.9. On the Multi Commodity Exchange (MCX), the price of gold had changed by Rs.61.9 to settle at Rs.47611 per 10 gram.

      28 July 2021

    • Gold price on MCX was up by 0.33 percent

      Gold futures on Tuesday recorded an increase of 0.33 percent or Rs.156 on the Multi Commodity Exchange (MCX) to cost Rs.47,455 for every 10 grams. According to the Indian Bullion and Jewellers Association, highest purity gold was sold for Rs.47,459 in the spot market. In the global market, the price of spot gold remained steady at $1,792.34 per ounce. It recorded its highest price since June 18 on Friday when an ounce cost $1,794.86. The futures of US gold increased by 0.5 percent to cost $1,792.

      6 July 2021

    • Gold prices struggle in India on 15 June 2021

      In India, gold prices struggled on 15 June 2021 due to a steady trade in the international markets. Gold futures prices for the month of August on MCX jumped by Rs.20 and were at Rs.48,543 for 10 grams. In the previous session, the prices of the yellow metal closed at Rs.48,523 per 10 grams. In the international markets, spot gold prices traded flat and were at $1,866.15 for an ounce. On 14 June, spot gold prices hit its lowest price since 17 May 2021. Gold futures prices in the US jumped by 0.1% and were at $1,868.40 for an ounce.

      16 June 2021

    • Gold futures prices fall by 0.31% on 28 May 2021

      Gold futures prices on the Multi-Commodity Exchange (MCX) fell by 0.31% and were at Rs.48,429 for 10 grams. Gold prices fell because of a strong dollar. Gold showed extreme volatility on 27 May. However, gold prices saw a mixed note. In the international markets, gold prices fell by 0.3% and were at $1,895 for an ounce. The prices of the yellow metal may be choppy, however, gold prices may reduce if the value of the dollar recovers. The support levels for the yellow metal are expected to be at the Rs.48.500-Rs.48,350 levels.

      31 May 2021

    • Gold and silver rates settle on a weaker note in the international market

      Gold prices showed a volatile trend in the domestic and international market on 4 May as the precious metal’s value increased in the early trading session.

      Gold contracts for June delivery had settled at $1,776 per ounce, recording a loss of 0.88%. Silver futures for July delivery recorded a decline of 1.48% and settled at $26.56 per ounce.

      In the domestic market, gold futures for June delivery declined 0.95% and settled at Rs.46,781 per 10 grams. Silver futures for July dipped by 1.76% and was Rs.69,649 per kg.

      5 May 2021

    • Gold prices in India jump by 7% in April

      After seeing a sharp fall in the previous, the prices of gold on MCX jumped to Rs.48,085 on 21 April 2021. In the month of March, gold rates closed at Rs.44,800 for 10 grams. Gold prices on MCX have seen a 7% increase this month. A weak dollar was one of the main reasons for the prices to increase. In case there are concerns of inflation and stimulus measures being introduced, the prices of gold increase. According to the Head of Commodity Research of Geojit Financial Services, any weakness in the global economy will ensure that the prices of the yellow metal increase.

      23 April 2021

    • Gold rates fall for the fourth day in a row on 30 March 2021

      Pressured by a fall in the global markets, gold prices in India fell on 30 March 2021. Gold futures prices for the month of July on MCX fell by 0.4% and were at Rs.44,538 for 10 grams. This is the fourth day in a row that the prices of the yellow metal have fallen. Gold prices in the global markets fell by 0.4% and were at $1,704 for an ounce. Gold prices touched a two-week low in the global markets. There has been a boost for riskier assets after the US President announced that 90% of the adults would be eligible for the COVID-19 vaccine by 19 April.

      30 March 2021

    • Gold rates fall due to lower investment demand

      Gold prices recorded a fall to one-fifth of their highest price seen in August 2020 at $2,067 per ounce. The price of the metal dipped below the psychological barrier of $1,700 per ounce and was at a 9-month low at $1,680 per ounce. However, on 12 March, the metal’s value recovered to $1,735 per ounce.

      Many reasons have been cited for the lower prices of gold including the rising value of the U.S. Dollar and a rise in the U.S. bond yields. However, the declining demand for gold investments has been one of the major criteria for lowering prices.

      15 March 2021

    • Gold prices decline by Rs.10,000 compared to its highest in August 2020

      On 22 February, gold prices hit its lowest level in the previous 8 months and rose marginally by 0.3% to Rs.46,340 per 10 grams. However, on the other hand, silver prices increased by 0.8% to Rs.69,590 per kg on the Multi Commodity Exchange.

      In Delhi, the price of 22-karat gold was Rs.45,410 per 10 grams and 24-karat gold was priced at Rs.49,440 per 10 grams. 24-karat gold was priced at Rs.47,750 per 10 grams in Chennai and Rs.48,310 per 10 grams in Kolkata.

      In Mumbai, the value of 22-karat gold was Rs.45,130 per 10 grams and Rs.46,130 per 10 grams for 24-karat gold.

      Silver prices were at Rs.69,000 per kg in Delhi, Kolkata and Mumbai and Rs.73,800 per kg in Chennai and Hyderabad. In the international market, gold prices dropped marginally to $1,784.40 per ounce and had recorded an overall decline of 3.83% in the past month.

      24 February 2021

    • Rise in prices of gold and other precious metals as hopes are pinned on US stimulus package

      Gold prices increased on rose on 8 February as investors pinned hopes of a substantial Covid-19 relief package from the US. Spot gold increased by 0.8% to settle at $1,825.69 per ounce while U.S. gold futures increased by 0.6% to settle at $1,822.90. The US Covid-19 relief package is expected to be $1.9 trillion which might be released in March. The other precious metals that gained were spot silver at an increase of 1.3% settle at $27.17 an ounce, platinum increased by 2.8% to settle at $1,155.12, and palladium increased by 0.6% to settle at $2,351.18.

      10 February 2021

    • Gold prices in the country rise on 19 January due to a positive trend in the international market

      On the Multi Commodity Exchange, gold contracts saw a rise in value by 0.27% at Rs.49,117 per 10 grams and silver futures for March delivery was trading 0.35% higher at Rs.66,268 per kg. According to experts, investors can purchase the precious metal for a target of Rs.49,300 per 10 grams.

      Gold and silver prices increased on 19 January due to the value of the dollar dipping in the international market. Gold contracts for February, in the international market, settled at $1,840.20 per ounce and silver futures for March delivery settled at $25.32 per ounce.

      20 January 2021

    • Gold prices increase by 1% in India on 4 January 2021

      Due to a positive trend in the international markets, the prices of gold increased in India as well. Following the increase, the prices of yellow metal hit an eight-week high. The main reason for the increase in prices was the increase in the number of coronavirus cases. Gold futures prices for the month of February on MCX jumped by 1.05% and were at Rs.50,771 for 10 grams. Due to the spread in the number of coronavirus cases, investors moved towards the yellow metal as a safe haven.

      5 January 2021

    • Gold and silver prices decline in the market due to vaccine optimism amongst investors

      On 9 December, gold prices dropped in the market due to the positive news surrounding the COVID-19 vaccines being developed. On the Multi Commodity Exchange, the price of gold dipped by 0.8% to Rs.49,691 per 10 grams. Silver prices fell as well to Rs.64,251 per kg, after dropping by 1.4%.

      In the international market, gold prices lowered and spot gold fell by 0.3% to $1,865.46 per ounce as investors shifted to the equities market amidst increasing vaccine optimism. However, the metal saw support at its lower levels due to hopes of another stimulus package from the Central Bank in the U.S.

      Silver dipped by 0.7% to $24.38 per ounce in the international market.

      10 December 2020

    • Gold trades lower and support now placed at Rs.50,800

      Gold had been trading lower in India it had tracked the muted trend in the global spot prices. On the MCX, the gold contracts for December traded at Rs. 50,950 per 10 gram (0.23% lower). The December silver futures had traded 0.2% lower and reached Rs,61,881 per kg.

      4 November 2020

    • Prices of the yellow metal trade flat in India on 16 October 2020

      On 16 October 2020, gold futures prices for the month of December traded flat. The main reason for the prices to remain flat due to the low trend in the international markets. Gold futures prices for the month of December fell by 0.05% and are at Rs.50,689 for 10 grams. Gold prices showed extreme volatility on 15 October. In the international markets, the prices of gold increased slightly and are at $1,908.90 for an ounce. In India, gold prices settled higher and are at Rs.50,712 for 10 grams.

      16 October 2020

    • Gold prices dip by 1% as support reaches Rs.49,800

      Gold rates had dipped by 1% and had tracked a muted trend in the international the prices. On the Multi-Commodity Exchange (MCX), the gold December contracts had been trading lower by 0.85%. The price had reached Rs.50,138 per 10 gram. The December silver futures had been trading 0.95% lower and reached Rs.60,565 per kg. A lot of the market analysts have said that below Rs.50,000, the next big support will be places at Rs.49,800 per 10 gm.

      Gold and silver had also rebound after the previous weeks' sell-off. Gold had increased by 2.14 and reached $1,904 per troy ounce. Silver prices had increased by 3.94% and reached $23.87 per troy ounce.

      The metals had settled on a positive note in the domestic market in spite of the strength in the Indian rupee.

      5 October 2020

    • Gold prices increases to Rs.51,560 amidst positive global trends

      The gold and silver prices had increased in line with the global trends, as there was high unemployment in the U.S. This had kept all traders pretty worried about the economy. In turn, this had increased the demand for safe haven assets like gold and silver. On the MCX, gold futures on had been higher by 0.22% (Rs.115) and stood at Rs.51,568. The silver futures had also seen an increase by 0.24% (Rs.163) and reached Rs.68,305 per kg. The jobless claims report which had been released by the U.S. Labor Department had shown around 30 million people had been on unemployment benefits in August.

      20 September 2020

    • Gold prices increase for the third day in India on 7 September 2020

      The prices of gold increased marginally in India for the third session in a row on 7 September 2020. The main reason for the increase in prices was the huge sell-off in the equities market. In the international markets, gold rebounded marginally. In the global markets, the prices of gold remained steady and were at $1,940 for an ounce. On MCX, gold futures prices increased by Rs.68 and were at Rs.50,746 for 10 grams. Since the beginning of the year, the prices of the yellow metal have increased by 41.5%.

      7 September 2020

    • Yellow metal support witnessed at Rs.50,800 to Rs.50,500

      Gold rates had risen in spite of a muted trend in the international spot rates which had edged lower on a stronger U.S. dollar. On the MCX, gold October contracts had been trading higher by 0.17% at Rs.51,358 per 10 gram. The silver September futures had been trading at Rs.66,030 per kg. The U.S. dollar index had been firm near a more than one-week high hit last week.

      A few analysts said that the metal, which broke below Rs.51,500, might retest Rs.50,800 to Rs.50,500 if the selling pressure continues. Gold and silver had dipped in the international markets around 0.50%.

      On the MCX, both the metals had crashed as the Indian Rupee had strong gains. Gold had slipped around 1.50% and settled at Rs.51,260. Silver had slipped 2.50% to end at Rs.65,300.

      26 August 2020

    • Gold prices reach Rs.56,000 mark

      Gold rates had extended gains and reached another peak, and this tracked the trend in the global market. Silver had increased are crossed the Rs.77,000 level. The gold futures on the MCX had been up 0.39% or Rs.220 at Rs.56,065 per 10 grams. Silver futures had added 1.5% or Rs.1,163 to Rs.77,215 per kg. Gold prices rose by Rs 225 to Rs 56,590 per 10 gram in the national capital on Thursday, in line with a strong rally in international price of the precious metal, according to HDFC Securities. Silver prices also witnessed a strong upward trend, as it jumped Rs 1,932 to Rs 75,755 per kg.

      10 August 2020

    • Rise in the number of coronavirus cases see gold prices increase

      On 13 July 2020, the prices of gold increased in India due to the rise in the number of coronavirus cases all over the world. This led to investors moving away from riskier assets and shifting towards gold. In India, the number of coronavirus cases is at 8.8 lakh cases. The economy may take longer to recover due to the restrictions being increased on movement and businesses. Gold futures prices increased by Rs.177 and are at Rs.49,040 for 10 grams. According to HDFC Securities, the prices of gold in Delhi increased slightly 10 July 2020 and are at Rs.49,959 per 10 grams. In the international markets, gold prices are above the $1,800-levels for an ounce due to a weak dollar and the increase in the number of coronavirus cases.

      17 July 2020

    • Gold gains, faces resistance above Rs.46,000

      The Indian gold August futures had risen in June in spite of the muted trend which had been seen in the international spot price. However, the experts are now feeling that gold metal will face resistance around Rs.46,000.

      On the MCX, June gold contracts had traded higher by 0.39% at Rs.45,875 per 10 gram. The silver July futures had been trading 0.9% higher at Rs.47,771 per kg.

      The gold and silver prices had dipped on Friday. Gold rates had slipped over 2% and was below $1,692 per troy ounce.

      On the MCX, gold prices had corrected over 2% and had then settled below Rs.45,800 levels. The silver prices had dipped over 3% and had settled below Rs.47,500.

      Manoj Jain, Director (Head - Commodity & Currency Research) at Prithvi Finmart Pvt Ltd had said that they expect the precious metals to remain volatile over the week and to selling at higher levels. Gold has been expected to face resistance around $1,700-1,714 per troy ounce / 46,100-46,300.

      9 June 2020

    • Price of the yellow metal slips marginally

      Tracking muted trend in the international spot prices, gold prices slipped in the country today. On the Multi Commodity Exchange (MCX), June gold contracts were trading lower by 0.20 percent and was priced at Rs.45,534 for every 10 grams. The risk appetite was fuelled in D-Street following Prime Minister Narendra Modi’s announcement of a Rs.20 lakh crore stimulus package on Tuesday. The Sensex rallied more than 1,000 points and Nifty50 reclaimed 9,500 in the opening trade today.

      Silver also recorded a fall today with futures trading at Rs.42,850 per kg with a drop of 0.4 percent. Both gold and silver are expected to remain volatile on a strong rupee and the stimulus package announced by the government. On the MCX, both gold and silver futures are expected to hold crucial support of Rs.45,330 and Rs.42,500 respectively.

      13 May 2020

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