Gold Rate In Thanjavur

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Gold Price in Thanjavur

Gold rates are set to recover in 2016. There are various national and international economic factors which influence the price of gold such as oil prices, US jobs data, interest rates, current account deficit, investment inflow, import duties, inflation, safe haven buying, demand and supply of the precious metal in addition to stock markets and currency devaluations among others. Gold rates in India may vary across cities owing to local taxes and transportation costs among others.

Thanjavur is a well-known city in the state of Tamil Nadu. Thanjavur is known for its culture, temples, paintings and UNESCO World Heritage Monuments. The city is also known for its contribution to the agricultural output of Tamil Nadu. Thanjavur has a thriving service-oriented industry owing to the large influx of tourists. Thanjavur is also a major hub for silk weaving and manufacture of various musical instruments. Gold is considered auspicious in Thanjavur and worn during all major festive occasions.

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

Quarterly Gold Rate in Thanjavur from April 2021 to June 2021:

• Gold prices in Thanjavur opened at the rate of Rs.4,610 per gram in the month of April 2021. During the month it had hit the highest price point on 22 of April wherein a gram of the precious metal was being traded at the rate of Rs.4,917. The lowest price of the yellow metal was recorded on the 30th of April wherein it stood at the rate of Rs.4,599 per gram, and the month was also closed with the precious metal retailing at this price. During the month, the overall performance of gold in Thanjavur witnessed an decrease of 1.23%.
• The price of gold for the month of May 2021 in Thanjavur opened at the rate of Rs.4,810 per gram. During the month it had hit the highest price point on 27th of May wherein the precious metal was being traded at the rate of Rs.5,071 per gram. The lowest price of the yellow metal was recorded on the 12th of May wherein it stood at the rate of Rs.4,500 per gram. Gold prices ended the month at Rs.5,048. During the month, the overall performance of gold in Thanjavur witnessed an increase of 4.94%.
• In Thanjavur, the cost of gold opened at the rate of Rs.5,060 per gram in the month of June 2021. For the sixth month of the year, gold had hit the highest price point of Rs.5,079 per gram on 3rd June 2021. The lowest price was recorded on the 21st of June wherein a gram of 24 karat gold was being sold at the rate of Rs.4,610. The month ended with gold retailing at Rs.4,631. During the month, the overall performance of gold in Thanjavur witnessed a decline of –9.26%.

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

Quarterly Gold Rate in Thanjavur from January 2021 to March 2021:

• Gold price in Thanjavur at the start of January was Rs.4,965 per gram. The yellow metal recorded its highest and lowest price for the month on 7th and 17th January when a gram of 24-karat gold cost Rs.5,329 and Rs.4,838 respectively. Gold’s overall performance in Thanjavur was one of incline. The percentage change recorded in the rates stood at 2.29%.
• Gold opened the month of February at Rs.5,084 per gram. There was an increase of Rs.6 in the price of the yellow metal when the rate was compared to the closing price of the previous month. While the opening price of gold was the highest for the month, the lowest price was recorded on 19th February when a gram cost Rs.4,735. The overall performance of gold witnessed a declining trend with the percentage change being -6.41%.
• The price of the yellow metal in the city was Rs.4,725 per gram on 1st March. When compared to the closing price of the previous month, the rate was down by Rs.33 for every gram. The highest and lowest price for the month was recorded on 2nd and 13th March with a gram being priced Rs.4,737 and Rs.4,559 respectively. Gold’s overall performance in Thanjavur was one of decline with the percentage change being -3.23%.

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

Quarterly Gold Rate in Thanjavur from October 2020 to December 2020:

• The rate of gold in Thanjavur in October for 24 karat gold was Rs.5,274 per gram on the first day which declined to Rs.5,193 per gram by the last day for 24 karat. There was an overall slump in gold prices through the course of the month at –1.53%. The highest price was Rs.5,332 per gram on 13 October while the lowest was Rs.5,096 per gram on 21 October.
• Gold prices in Thanjavur in November dropped by –5.24% through the entire month, starting off at Rs.5,194 per gram and ending at Rs.4,935 per gram for 24 karat. The highest price was in the second week of the month at Rs.5,215 per gram while the lowest price was Rs.4,935 per gram by the end of the month.
• Gold rate in Thanjavur for 24 karat in the month of December was on a steady incline of 4.29%, starting off at Rs.4,931 per gram at the start of the month but ending at Rs.5,143 per gram by the end of the month. The highest gold price in the city for the month was on 21 December at Rs.5,212 per gram while the lowest price of gold was Rs.4,931 per gram, which also happened to be the first day of the month.

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

Quarterly Gold Rate in Thanjavur from July 2020 to September 2020:

• In July, gold prices in Thanjavur opened at Rs.4,908 per gram and closed at Rs.5,381 per gram. The gold rate in Thanjavur had increased by 9.63% over the course of the month. The highest gold price was Rs.5,381 per gram on 31 July while the lowest gold rate was Rs.4,841 per gram on 6 July.
• On 1 August 2020, the gold price in Thanjavur was Rs.5,437 per gram. By the end of the month, the gold rate was Rs.5,190 per gram. Gold rates declined by 4.54% in August with the highest gold price in Thanjavur being Rs.5,691 per gram on 7 August and the lowest price being Rs.5,158 per gram on 29 August.
• In September, gold rates in Thanjavur had an overall decline of 2.77%. Gold prices in Thanjavur hit the lowest on 24 September at Rs.4,993 per gram. The highest price of gold in Thanjavur was on the first day of the month at Rs.5,221 per gram. The gold price in Thanjavur by the end of September was Rs.5,076 per gram.

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

Quarterly Gold Rate in Thanjavur from April to June:

• In Thanjavur, gold opened the month of April at Rs.4,158 per gram. Over the month, the rates witnessed an inclining trend with the percentage change being 11.47%. The yellow metal recorded its highest and lowest price for the month on 27th and 1st of April.
• In May, the precious metal opened the month at Rs.4,641 per gram. There was an increase of Rs.6 for every gram when compared to the closing price of the previous month. The highest and lowest price for the month was recorded on the 20th and 12th of May with a gram costing Rs.4,757 and Rs.4,534 respectively. The overall performance of the metal witnessed an inclining trend in the city with the percentage change standing at 1.24%.
• The rates of gold jumped by 2.74% over the month of June in Thanjavur. Gold opened the month at Rs.4,702 per gram, an incline of Rs.3 from the price charged on the final day of the previous month. The metal recorded its highest and lowest for the month on 25th and 8th of June with a gram being retailed for Rs.4,841 and Rs.4,564 respectively.

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

Quarterly Gold Rate in Thanjavur from January 2020 to March 2020:

• Gold opened the month of January at Rs.3,922 per gram in Thanjavur. Over the month, the rates witnessed an incline of 3.87% in the prices. The increase in the prices was accounted to increasing tensions in the Middle East after the United States of America killed a top Iranian general in a drone attack, speculations regarding the trade deal between China and the United States. The yellow metal recorded its highest and lowest price for the month in the city on 8 and 2 January with every gram costing Rs.4,125 and Rs.3,919 per gram. Gold closed the opening month of 2020 at Rs.4,074 per gram.
• In the month of February, gold price continued to see an incline. The rates opened the month at Rs.4,077 per gram in the city. Compared to the closing price of the previous month, the rates were up by Rs.3 for every gram. Gold recorded its lowest price for the month in the first week itself and was retailed for Rs.4,030 on 6th February. The dip in the prices was accounted to the outbreak of a possible pandemic after the number of coronavirus cases increased in China. The rates started to improve from the third week and recorded its highest price on 24th February with a gram of the 24-karat gold costing Rs.4,305 in the city. The rates closed at Rs.4,185 per gram with a percentage incline of 2.64%.
• In the final month of the January – March quarter, the rates of the yellow metal saw a declining trend as the coronavirus pandemic affected almost every country in the world. Having opened the month at Rs.4,185 per gram the same price at which the precious metal closed the previous month, gold prices climbed and touched its highest for the month on 6th March with a gram costing Rs.4,443 per gram. The increase in the prices was accounted to investors awaiting a possible rate cut by the US Federal Reserve to mitigate the losses caused the coronavirus pandemic. The rates slipped following that as investors sold their assets in order to hoard cash and survive in the crashing market. This meant that the precious metal suffered great losses and hit its lowest price on 19th March with a gram of the 24-costing Rs.4,026. With many countries going into lockdown, the rates remained steady in the final week of the month and closed at Rs.4,150 per gram with a monthly percentage decline of -0.83%.

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