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 2019 to June 2019 (per gram of 24 karat gold)

Quarterly Gold Rate Trend in Thanjavur for April 2019 to June 2019:

• Demand for the precious metal was high as the month began, with gold prices in Thanjavur opening at Rs.3,189 per gram but the slide in overseas demand led to prices sliding during most of the month, resulting in the metal trading at Rs.3,194 per gram on 30 June.
• Prices saw some improvement as a marginal increase in local jeweller demand bolstered the metal as gold traded at Rs.3,190 per gram on 1 May before climbing steadily.
• Gold rose to a monthly high of Rs.3,246 per gram on 14 May on rising Sino-U.S. trade tensions but slid on overall weak demand to end the month at Rs.3,215 per gram and record a marginal increase f 0.78%.
• Gold rates in Thanjavur opened at Rs.3,233 per gram and rose sharply on Iran-U.S. tensions and recession fears, trading at Rs.3,428 per gram on 28 June before settling at Rs.3,415 per gram on 30 June.

Gold Rate Trend in Thanjavur for January 2019 to March 2019 (per gram of 24 karat gold)

Gold Rate Trend in Thanjavur for January 2019:

• The start of the month was uninspiring as the gold rate in Thanjavur stood at Rs.3,172 per gram. This was the lowest price the metal stood at for the month. However, in the following weeks, the price of the metal surged as the domestic and industrial demand rose.
• The metal saw a surge in its value on the 4th as investors switched to bullion as a hedge against potential equity losses due to the volatile markets.
• The demand remained weak as trade sanctions impacted the economy. Nevertheless, the local and industrial demand remained healthy, maintaining the positive trend of gold.
• The month ended with the yellow metal trading at one of its highest points. This may have been the effect of the US government shutting down and Brexit’s negative effects in the economy. On 31st January, the yellow metal was priced at Rs.3,321 per gram on.

Gold Rate Trend in Thanjavur for February 2019:

• A diminished retail offtake and a volatile marked stunted the value of gold even though the rate in Thanjavur trading at a high at the start of the month. As on 1st February, the metal was trading at Rs.3,326 per gram.
• Due to conflicting overseas trends, the price of the precious metal fluctuated. As on 5th February, gold was trading at Rs.3,346 per gram. During this time, local and industrial demand remained steady. However, the price dipped on 12th February when it was priced at Rs.3,305 per gram as investor interest declined.
• The Sino-US trade talks stirred up negativity in the economy and investors switched to safe-haven assets as a hedge against any losses. This boosted the demand in Thanjavur and the price rose to Rs.3,350 per gram on 16 February.
• A weak US dollar also boosted local demand for the metal and its prices rose to Rs.3,392 per gram on 21 February, but an aggressive stand by the Fed Reserve saw demand decline as the precious metal closed at Rs.3,333 per gram on 28 February. The metal in Thanjavur saw a percentage incline of 0.21% for the month of February.

Gold Rate Trend in Thanjavur for March 2019:

• The price of the metal in Thanjavur dipped in value at the beginning of the month as the value of the US dollar rose substantially. Uncharacteristically, stocks and equities too dipped in value at the same time. The price of the metal on 1st March stood at Rs.3,305 per gram. This was also the highest value of the yellow metal for the month.
• The dollar then declined in value on the 7th in comparison to the Euro as the ECB pushed its decision to hike interest rates. This stunted the growth of the metal due to weak economic conditions.
• On 29th March, the yellow metal stood at its lowest point for the month when it was trading at Rs.3,169 per gram. This was influenced by the dollar increasing in value and the economic conditions weakening.
• A percentage decline of 3.17 was recorded for the month of March while it was trading at Rs.3,200 per gram. This was also one of the lowest prices the metal stood at for the month.

Gold Rate Trend in Thanjavur for October 2018 to December 2018 (per gram of 24 karat gold) 

Gold Rate Trend in Thanjavur for October 2018:

• A rise in local demand ahead of the festive season and fluctuating equity markets raised gold rates in Thanjavur this month as the metal traded at Rs.3,071 per gram on 1 October.
• Minor fluctuations in demand due to declining offtake from China briefly impacted prices towards the middle of the month but a steady rise in local industrial orders mitigated losses.
• Prices rose to Rs.3,199 per gram on 16 October as investor interest in bullion increased due to volatile equity markets but prices dipped as retail sales fell marginally.
• Gold reached a monthly high of Rs.3,205 per gram on 27 October before settling at Rs.3,188 per gram on 31 October to record a rise in value of 3.80% during the month.

Gold Rate Trend in Thanjavur for November 2018:

• Gold rates in Thanjavur failed to rise in spite of higher sale volumes during Diwali as weak overseas cues and a rising rupee capped local gains.
• The precious metal was priced at Rs.3,184 per gram when trading commenced on 1 November and fell steadily as jewellers reduced orders due to poor domestic offtake.
• Investors also shied away from gold purchases ahead of the Fed Reserve meeting and a possible rise in interest rates and a strengthening dollar rate.
• Prices dropped as industrial demand was also muted with gold falling to Rs.3,045 per gram on 30 November as the metal’s overall value fell by 4.36% during the month.

Gold Rate Trend in Thanjavur for December 2018:

• As markets reeled from the effects of the partial U.S. government shutdown and flagging Brexit negotiations, there was an increase in demand for gold across sectors.
• The precious metal traded at Rs.3,045 per gram on 1 December but quickly rose as jewellers increased orders anticipating higher sales during the upcoming wedding season.
• Industrial demand was also on the rise as a strengthening rupee made imports cheaper, further boosting gold rates in Thanjavur.
• Geopolitical crises in the U.S. due to the government shutdown saw increased interest in bullion with the metal rising to Rs.3,145 per gram on 31 December to record a rise in value of 3.94% during the month.

Gold Rate Trend in Thanjavur for July 2018 to September 2018 (per gram of 24 karat gold)

Gold Rate Trend in Thanjavur for July 2018

• Gold prices in Thanjavur fell sharply due to declining demand and a rising US dollar rate, which reduced investor interest in bullion.
• The precious metal traded at Rs.3,059 per gram when trading opened, though local demand was still sluggish due to the falling rupee which made buying retail gold more expensive.
• Prices rose to a peak of Rs.3,071 per gram on 6 July on steady demand but fluctuations in equity markets, as well as a recovering dollar rate, reduced interest in the metal.
• The rest of the month saw a steady decline in gold prices, with the metal falling to its lowest price of Rs.2,986 per gram on 31 July.

Gold Rate Trend in Thanjavur for August 2018

• When trading for gold commenced for the month of August in Thanjavur, the metal was priced at Rs.2,983 per gram.
• Gold rates kept fluctuating throughout the month of August as the demand for the metal was not stable. The lowest gold rate for the month in Thanjavur was recorded on 16 August when the metal traded at Rs.2,940 per gram.
• By the end of the month, gold rates inclined in the city as the demand for the metal increased from local jewellers and the value of the US dollar was declining.
• The highest gold rate for the month on 31 August when the yellow metal traded at Rs.3,036 per gram.
• Overall, the trend in gold rates in Thanjavur for the month of August was an incline of 1.77%.

Gold Rate Trend in Thanjavur for September 2018

• Demand for gold was on the rise ahead of the anticipated festive demand, which led to an increase in prices in spite of negative overseas trends.
• The precious metal was priced at Rs.3,029 per gram on 1 September.

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

Gold Rate Trend in Thanjavur for April 2018

• Gold prices in Thanjavur opened at Rs.3,072 per gram as local demand was steady in light of increasing retail demand due to favourable international cues.
• Prices took some dips as jewellers reduced demand due to the falling rupee, which made gold imports more expensive.
• International interest in bullion waned as the dollar strengthened on positive U.S. jobs data, as gold fell.
• The yellow metal picked up towards the middle of month, reaching Rs.3,153 per gram as markets fell on fears of a trade war between China and U.S.
• The month ended with gold falling significantly to Rs.3,123 per gram as overall interest in the metal was on the decline.

Gold Rate Trend in Thanjavur for May 2018

• The yellow metal took a further dip in value during May, though prices remained in positive territory for the most part.
• Gold rate in Thanjavur on the first day of May was Rs.3,114 per gram as local demand continued to fall on declining retail demand.
• As the dollar rose further on positive economic trends in the U.S., investors looked to equities over bullion.
• Industrial demand also suffered as gold prices fell sharply, in spite of steady demand; the rising dollar negating any gains.
• Prices fluctuated for the rest of the month before settling at Rs.3,122 per gram on 31 May.

Gold Rate Trend in Thanjavur for June 2018

• Demand for gold fell domestically as the strengthening dollar rate capped retail sales over the course of the month.
• The gold price in Thanjavur for 1 June was Rs.3,100 as international interest in the dollar led to falling demand for the yellow metal.
• The summit between the U.S. and North Korean leaders was touted as a success, further boosting the dollar and equity markets, as gold demand languished.
• Prices fell to a monthly low of Rs.3,054 per gram on 24 June as industrial and retail interest fell sharply.
• An unsteady dollar led to a slight recovery in gold prices, as the metal ended the month at Rs.3,059 per gram on the 30th.

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

Gold Rate Trend in Thanjavur for January 2018:

• Trading began for the month with the yellow metal priced at Rs.3,002 per gram on the 1st with steady domestic demand amid firm overseas trends.
• Prices dropped to its lowest level at Rs.3,001 per gram on the 1st on account of the strong US dollar and rising equities.
• The next few weeks witnessed gold prices rebounding as the tumbling US dollar led to an incline in industrial demand for the metal.
• Gold rate in Thanjavur touched their highest recorded monthly figure of Rs.3,084 per gram on the 20th with strong demand by local jewellers and retailers amid positive global cues.
• With the US dollar regaining lost ground and gaining against other apex currencies in the international trade, gold prices dropped to Rs.3,045 per gram on the last day.
• Gold prices in Shimoga rose by 1.43% due to strong market trends that pushed demand higher during the course of the month.

Gold Rate Trend in Thanjavur for February 2018:

• The month began with the precious metal trading at Rs.3,040 per gram on the 1st after an increase in the dollar value led to a decline in prices from the previous session.
• Gold rates dropped to Rs.3,003 on the 8th with the bullion losing against the rising US greenback and equities market. This was also the lowest recorded monthly figure in the city.
• Gold price in Thanjavur recorded their highest recorded monthly figure at Rs.3,103 per gram on the 14th with an increase in domestic demand on account of Valentine’s day.
• However, strong dollar index values coupled with well-performing stock markets led to gold prices plummeting for the rest of the month.
• When trading closed for the month, the bullion was recorded trading at Rs.3,046 per gram on the 28th on account of poor domestic demand amid weak global cues.
• Thanjavur recorded an incline of 0.19% in gold trade during the course of the month.

Gold Rate Trend in Thanjavur for March 2018:

• The final month of the quarter began with gold trading at Rs.3,043 per gram on the 1st of March.
• The next few weeks saw gold trading fluctuating on account of demand vagaries amid the unevenly performing US dollar.
• Gold prices plunged to Rs.3,030 per gram - the lowest recorded monthly figure - on the 19th after the US greenback rose against a basket of other emerging currencies in the international trade.
• However, an increase in safe-haven demand amid the unstable dollar and poorly performing equities over the next few days led to gold price in Thanjavur rising to Rs.3,105 per gram on the 25th. This was also the highest figure recorded during the month.
• The month came to an end with gold closing at Rs.3,072 per gram on the 31st and Thanjavur recorded an incline of 0.95% in bullion trade.

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

Gold Rate Trend In Thanjavur For October 2017:

• The month began in Thanjavur with the bullion priced at Rs.3,040 per gram on the 1st amid firm trends overseas.
• With the investors speculating over the possibilities of an interest rate hike by the Federal Reserve, the US dollar and equities regained lost ground. This led to gold prices plummeting to Rs.2,997 per gram on the 6th.
• Local demand surged with the KYC norms being mandated in the country. This resulted in positive buyer sentiments and gold rates surged to Rs.3,042 per gram on the 12th.
• On the 14th, gold price in Thanjavur surged to Rs.3,059 per gram following an increase in demand by local jewellers, industries and local jewellers amid strong global cues. This was also the highest recorded monthly figure in Thanjavur.
• The US dollar, however, recovered from the previous week’s losses over the next few days and the precious metal was recorded trading at Rs.3,026 per gram on the 20th.
• With the US dollar gaining against a basket of other emerging currencies and the well performing equity markets, gold rates plunged to Rs.3,000 per kg on the 26th.
• When the month ended, the precious metal was recorded trading at Rs.2,997 per gram on the 31st with the US dollar rising ahead of major central banks’ monetary policy meetings.
• Poor global trends coupled with reduced local demand led to gold rate in Thanjavur declining by 1.41% during the course of the month.

Gold Rate Trend In Thanjavur For November 2017:

• Steady demand coupled with firm trends overseas led to gold opening at Rs.2,998 per gram on the 1st.
• The US dollar, however, rose against other apex currencies with the equity markets performing well. This led to gold rates plunging to Rs.2,977 per gram on the 4th.
• The next few days with gold price in Thanjavur plunging amid the poor trends overseas. On the 6th, the bullion prices hit their lowest monthly figure at Rs.2,974 per gram.
• With the US-North Korean relation intensifying during the week, prices surged to Rs.3,015 per gram on the 12th with an increase in demand for safe-haven assets such as gold in the international markets.
• Strong domestic demand from local jewellers, industries and retailers brought about by the positive overseas trends led to gold rate in Thanjavur hitting their highest monthly figure of Rs.3,031 per gram on the 18th.
• But with the US dollar recovering from the previous weeks’ losses, gold rates plunged to Rs.3,012 per gram on the 24th.
• Trading concluded for the month with the yellow metal prices holding at Rs.2,992 per gram on the 30th.
• Positive global trends coupled with increased domestic demand led to gold rates inclining at 0.13% during the course of the month.

Gold Rate Trend In Thanjavur For December 2017:

• The final month of the quarter opened with the bullion priced at Rs.2,982 per gram on the 1st amid the poor trend overseas.
• The US dollar gained against a number of other emerging currencies after the US Senate approved the country’s biggest tax reform plan in thirty years. This led to gold rates plunging to Rs.2,917 per gram on the 8th with reduced demand for the metal.
• Gold rate in Thanjavur dropped considerably over the next few days with strong US dollar index and firmer equities markets pushing demand lower for the metal.
• The 13th saw gold prices in Thanjavur hitting their lowest at Rs.2,903 per gram amid the poor global cues.
• However, the revised interest rates by the US Federal Reserve and new US tax cuts resulted in the Asian stocks failing considerably during the week. This led to the precious metal prices rebounding to Rs.2,956 per gram on the 23rd.
• On the 28th, the yellow metal prices were recorded holding at Rs.2,985 per gram amid the firm overseas trends and increasing domestic demand jewellers and industries.
• The month concluded with the bullion priced at Rs.3,015 per gram on the 31st, thanks to strong domestic demand from jewellers, retailers and industries amid the positive global trends.
• Thanjavur registered a profit of 1.10% in gold trade owing to various global and domestic factors that influenced demand during the course of the month.

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

Gold rate trend in Thanjavur for July 2017

• The bullion trade in Thanjavur was greatly affected by the introduction of Goods and Services Tax in the country.
• When trading commenced for the month of July, the precious metal was recorded trading at Rs.2,950 per gram. This was also the highest recorded monthly figure.
• The 11th witnessed gold rates in Thanjavur plummeting to Rs.2,796 per gram - the lowest recorded monthly figure - as local demand declined significantly with the implementation of GST in the country.
• The newly approved 3% GST tax on gold resulted in the bullion trade remaining low for much of the month.
• However, prices increased as global demand surged amid positive trend overseas. When the month concluded, the yellow metal was recorded trading at Rs.2,925 per gram.
• Gold trade in Thanjavur recorded a loss of 0.84% during the month owing to the reduced local demand compounded by the introduction of GST.

Gold rate trend in Thanjavur for August 2017

• August witnessed gold trade in Thanjavur improving with the industry recovering from the impact of GST.
• The yellow metal was priced at Rs.2,926 per gram, when the month began.
• Gold prices in Thanjavur dipped to touch its lowest monthly figure of Rs.2,899 per gram on the 3rd, owing to a reduced local demand from investors, jewellers and retailers.
• With the dollar emerging dominant over other apex currencies, global demand remained weak for much of the month.
• However, the stand-off between the US and North Korea pushed demand higher for the safe-haven metal globally. This led to gold rates in Thanjavur surging to Rs.2,999 per gram on the 29th.
• When trading concluded for the month, the precious metal was recorded trading at Rs.2,971 per gram, with Thanjavur registering an incline of 1.51% in gold trade during the month.

Gold rate trend in Thanjavur for September 2017

• Gold rates in Thanjavur were considerably influenced by the rising geopolitical tensions in the Korean peninsula and the United States, and the imminent arrival of festive season during the month.
• When trading commenced, the precious metal was recorded trading at Rs.2,995 per gram.
• With North Korea announcing an official statement on their successful two-stage thermonuclear weapon test, diplomatic relations between the US and North Korea deteriorated. This led to a surplus demand for safe-haven assets like gold, pushing prices up to Rs.3,102 per gram on the 8th.
• Prices fluctuated in the sub - Rs.3,040 per gram range over the course of the next couple of weeks, owing to firmer equities market, and a stronger dollar.
• The bullion metal was recorded trading at Rs.3,040 per gram, when the month ended, thanks to an increased demand from industries, jewellers and retailers.
• Gold rates in Thanjavur inclined at 1.50% during the course of the month owing to an increased demand coupled with strong global cues.

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

• Gold rate trend in Thanjavur for April 2017

  • The gold rates in Thanjavur fluctuated throughout the month. Trading at Rs.2,956 per gram on 1 April, the gold rates indicated an overall incline in the demand for gold.
  • Gold was priced at Rs.2,987 per gram on 4 April following an increase in the demand from the domestic markets.
  • Various factors contributed to the strong U.S. dollar rates resulting in a decline for gold. The gold rates fell to the monthly low of Rs.2,954 per gram on the 8 and 9 April.
  • The U.S. dollar rates fell due to political tension leading to an increase in the demand of gold. Priced at Rs.3,040 per gram on 15 and 16 April, gold reached the highest rates for the month of April in Thanjavur.
  • With a slight decline in demand from the international markets, gold was priced at Rs.3,035 per gram on 22 and 23 April.
  • Though gold was traded at Rs.2,984 per gram on 30 April, the demand for gold and the gold rates indicated an incline of 0.94% in the value.

  Gold rate trend in Thanjavur for May 2017

  • The French Presidential Elections 2017 which ended in May, boosted the stock markets causing a decline in the demand for gold. Gold traded at Rs.2,984 per gram on 1 May and the fluctuated throughout the month resulting in a decline in the demand.
  • The gold rates started to decline from the first day of the month and reached Rs.2,899 per gram on 6 and 7 May.
  • Though a slight increase in demand rose the rates to Rs.2,904 per gram on 9 May, the fluctuating market situations and U.S. dollar rates contributed to gold reaching the monthly low price of Rs.2,888 per gram on 15 May.
  • The fluctuating markets turned investors towards the yellow metal, the increase in demand recovered the gold rates to an extent. Trading at Rs.2,954 per gram on 19 and 20 May, gold prices reached Rs.2,979 per gram on 27 and 28 May.
  • The precious metal was priced at Rs.2,968 on the 31 May in Thanjavur. The fluctuating demand for gold caused a -0.53% decline in the rates.

  Gold rate trend in Thanjavur for June 2017

  • The subdued demand for gold priced the precious metal at Rs.2,977 per gram on June 1 in Thanjavur. With a slight indication of decline in demand, gold was priced at Rs.2,965 per gram on 2 June.
  • The fluctuating U.S. dollar rates and the stock markets caused an increase in the demand for gold. Gold was priced at Rs.3,006 per gram on 5 June and reached the monthly high of Rs.3,012 per gram on 8 June.
  • The fluctuating market situations caused a decline in the demand, gold rates fell to Rs.2,983 per gram on 12 June.
  • The implementation of GST contributed to the subdued demand for gold from the local as well as international markets. The confusion pertaining to GST and bullion rates resulted in gold being priced at Rs.2,949 per gram on 19 June.
  • As GST indicated an increase in the gold rates in the upcoming days, a sudden demand from the local market rose the rates to Rs.2,962 per gram on 30 June.
  • The fluctuating gold rates in Thanjavur led to a -0.50% decline in the gold prices.

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

Gold Rate Trend in Thanjavur for January 2017:

• In temple town Thanjavur, gold opened for January at Rs.2,821 per gram.
• Due to a positive demand seen in the global markets, gold prices increased to Rs.2,858 per gram on 5th and went up again on 8th to Rs.2,872 per gram.
• On 9th, gold prices increased again to Rs.2,895 per gram as concerns rose in the media and the government over Donald Trump’s handling of monetary policies.
• As there was no quick fix to the situation, demand kept increasing which brought gold prices up to Rs.2,914 per gram on 11th.
• Plenty of corrections towards the end of the month gave way to falling gold prices during the end of the month.
• The month of January came to a close with gold prices holding at Rs.2,942 per gram.

Gold Rate Trend in Thanjavur for February 2017:

• February started with gold trading at Rs.2,957 per gram.
• But prices declined to reach their lowest for the month at Rs.2,940 per gram as demand in global circles fell.
• Uncertainty over US policies was still present. This phenomenon pushed gold price up to Rs.2,989 per gram by the 8th.
• Gold prices reached their highest of Rs.3,014 per gram for the month, as US monetary policy issue led to markets gaining around the week.
• The month ended with gold trading at Rs.3,001 per gram as demand went down slightly.

Gold Rate Trend in Thanjavur for March 2017:

• The month of March began with gold trading at Rs.2,994 per gram.
• As the US Federal Reserve looked to increase the interest rate for a record time, gold prices took a hit to go down to Rs.2,961 per gram on 3rd.
• By the 10th, gold prices went down to Rs.2,931 per gram as there was a weak demand in the local market.
• A strengthened US dollar and a weak global market saw gold price dip to Rs.2,929 per gram on 14th.
• But as dollar value wavered, gold prices went up to Rs.2,940 per gram by the 18th.
• Over the last two weeks, gold prices seemed to correct themselves, bringing rates up to Rs.2,979 per gram by the 27th.
• Rates again dipped on the last day of the month to Rs.2,942 per gram due to a technical correction.
• March saw gold price trends hit the negative side with a change of -1.73%.

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