• Gold Rate in Trichy

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    10 Dec 2018 ₹ 3,012 ₹ 24,096 ₹ 3,163 ₹ 25,304
    09 Dec 2018 ₹ 3,010 ₹ 24,080 ₹ 3,161 ₹ 25,288
    08 Dec 2018 ₹ 3,010 ₹ 24,080 ₹ 3,161 ₹ 25,288
    07 Dec 2018 ₹ 2,960 ₹ 23,680 ₹ 3,108 ₹ 24,864
    06 Dec 2018 ₹ 2,949 ₹ 23,592 ₹ 3,096 ₹ 24,768
    05 Dec 2018 ₹ 2,954 ₹ 23,632 ₹ 3,102 ₹ 24,816
    04 Dec 2018 ₹ 2,951 ₹ 23,608 ₹ 3,099 ₹ 24,792
    03 Dec 2018 ₹ 2,915 ₹ 23,320 ₹ 3,061 ₹ 24,488
    02 Dec 2018 ₹ 2,905 ₹ 23,240 ₹ 3,050 ₹ 24,400
    01 Dec 2018 ₹ 2,900 ₹ 23,200 ₹ 3,045 ₹ 24,360

    *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 Trichy

    Gold is a sought-after precious metal in Trichy as people buy it in the form of intricate jewelry, gold coins and bars among others. It is a sign of prosperity in Trichy and consumers across the city, therefore, buy the precious metal both as a sign of status and traditional investment. Gold rates in Trichy are subject to various developments in India and across the world. Apart from weddings and other celebrations, buying gold here is considered auspicious on occasions such as Akshaya Tritiya when jewelers in the city offer attractive discounts. Gold rates in Trichy are also dependent on the state, local taxes and transportation charges in addition to various other additional costs charged by jewelry stores across Trichy. Intriguingly, several factors influence the buying patterns of consumers in the city of Trichy, including but not limited to, the monsoons and consequently harvest.

    Gold as an Investment in Trichy

    Jewelry: Most prefer buying gold jewelry as a safe and long term investment for generations. Experts believe an analysis of the history of gold over the years clearly indicate that the precious yellow metal has beaten inflation on a consistent basis. Experts, therefore, suggest that consumers should not get bogged down by short-term price corrections.

    Coins: Apart from private jewelers across Trichy, reputed banks such as SBI sell gold coins which minimizes the risk of fraud. Gold coins are available in different sizes - 2, 4, 5, 8, 10, 20 and 50 grams. Banks guarantee the purity of the coins but won’t buy back the gold coins, which is often cited as one of the reasons urging customers to buy coins from jewelers instead. Also, there is a premium to be paid for buying gold from banks.

    ETFs: Since it is traded like stocks on an exchange, ETF is eligible for long-term capital gains after one year (physical gold is eligible for long-term capital gains after three years). There is no risk of theft and no hassles in terms of storage costs. Some of the advantages are no sales tax, wealth tax or VAT are applicable on gold ETFs.

    Trend of Gold Rate in Trichy for October 2018 (rates per gram)

    Parameters Gold price (24 carat)
    October 1 Rate Rs.3,071 per gram
    October 31 Rate Rs.3,188 per gram
    Highest Rate in October Rs.3,205 per gram on 27 October
    Lowest Rate in October Rs.3,071 per gram on 1 October
    Overall Monthly Performance Incline
    Percentage Change 3.81%

    Trend of Gold Rate in Trichy for September 2018 (rates per gram)

    Parameters Gold price (24 carat)
    September 1 Rate Rs.3,029 per gram
    September 30 Rate Rs.3,074 per gram
    Highest Rate in September Rs.3,091 per gram on 19 September
    Lowest Rate in September Rs.3,019 per gram on 3 September
    Overall Monthly Performance Incline
    Percentage Change 1.48%

    Trend of Gold Rate in Trichy for August 2018 (rates per gram)

    Parameters Gold price (24 karat)
    August 1 Rate Rs.2,983 per gram
    August 31 Rate Rs.3,036 per gram
    Highest Rate in August Rs.3,036 per gram on 31 August
    Lowest Rate in August Rs.2,940 per gram on 16 August
    Overall Monthly Performance Incline
    Percentage Change 1.77%

    August 2018 - Week 1 (1 - 5):

    • August 2018 began with steady industrial and investor demand for gold. This could be associated to the US Federal Reserve’s monetary policy meeting. The month began with gold in Trichy trading at Rs.2,983 per gram.
    • Gold rate in Trichy dropped to Rs.2,972 per gram on the 2nd before dipping further to Rs.2,956 per gram on 3 August as the US dollar strengthened.
    • With the US dollar increasing in value against several other emerging currencies ahead of the US Fed statement, demand for the metal dropped, which did not affect the price of the metal considerably during the week.
    • The week came to an end with the gold price in Trichy holding at Rs.2,973 per gram on 5 August as demand for the metal from local jewellers and industries remained steady. Weak overseas trends were also recorded during this time.

    August 2018 - Week 2 (6 - 12):

    • Trading commenced for the week with the gold rate in Trichy holding at Rs.2,968 per gram on the 6th amid poor global cues.
    • However, with the US employment data indicating a drop in the number of US jobs contributing to the nation’s economy, the dollar dropped during the week.
    • Positive market trends overseas coupled with steady investor demand led to gold in Trichy being priced at Rs.2,965 per gram the 9th of August.
    • Strong domestic demand coupled with favourable market cues globally led to the gold price in Trichy holding steady at Rs.2,967 per gram on 10 August.
    • However, on the last day of the week, the metal was priced at Rs.2,984 per gram on 12 August.

    August 2018 - Week 3 (13 - 19):

    • The week opened with the gold rate in Trichy standing at Rs.2,985 per gram on the 13th with domestic bullion markets capitalising on the previous week’s gains.
    • With the US greenback losing against other apex currencies, demand for the metal surged during the week.
    • This led to gold in Trichy being priced at Rs.2,968 per gram on the 14th before surging to Rs.2,977 per gram on the 15th amid the positive trend overseas.
    • However, with the US dollar regaining lost ground over the next few days, investor demand for the metal dropped significantly. This led to gold in Trichy being priced at Rs.2,946 per gram , one of the lowest prices recorded in the month on the 17th.
    • Poor trends overseas coupled with declining demand led to gold rate in Trichy finishing at Rs.2,952 per gram on the 19th.

    August 2018 - Week 4 (20 - 26):

    • The fourth week began with gold in Trichy priced relatively higher at Rs.2,962 per gram on the 20th as the US dollar stabilised as the tenson rose regarding trade war concerns.
    • Gold continued to trade at the same rate before surging to Rs.2,974 per gram on the 22nd amid the positive trend overseas.
    • With President Trump criticizing the US Federal Reserve decision to raise interest rates, the greenback tumbled. This led to investors banking on the bullion during the week.
    • The week ended with the gold rate in Trichy holding at Rs.3,004 per gram on the 26th with steady demand from market participants amid positive global cues.

    August 2018 - Week 4 (27 - 31):

    • When trading commenced for the last week, gold price in Trichy was recorded holding at Rs.2,999 per gram on the 27th with steady demand from local industries, jewellers and retailers amid the firm trend overseas.
    • With the US dollar losing considerably against a basket other major currencies, demand for the metal surged.
    • Gold in Trichy continued trading at Rs.2,999 per gram on the 28th which rose slightly the next day to Rs.3,012 per gram ahead of the US Federal Reserve chairman statement.
    • Trading closed for the month with the gold rate in Trichy holding slightly higher at Rs.3,036 per gram on the 31st with subdued but steady demand from domestic jewellers and retailers.
    • Trichy registered an incline of 1.77% in gold trade during the course of the month.

    Trend of Gold Rate in Trichy for July 2018 (rates per gram)

    Parameters Gold price (24 carat)
    July 1 Rate Rs.2,993 per gram
    July 31 Rate Rs.2,940 per gram
    Highest Rate in July Rs.3,014 per gram on 7 July and from 10 - 11 July
    Lowest Rate in July Rs.2,940 per gram on 19, 25, 28, and 31 July
    Overall Monthly Performance Decline
    Percentage Change -1.77%

    July 2018- Week 1 (1-6)

    • The first week saw numerous fluctuations in the price of gold courtesy local demand and the steadily declining rupee.
    • The precious metal traded at Rs.3,059 per gram on 1 July as retail demand fell due to rising costs as a result of the strengthening dollar.
    • Gold dropped to Rs.3,040 per gram on 3 July amidst a lowering of industrial orders, though overseas demand for the metal remained steady.
    • Prices rose by Rs.20 in a single day’s trade as gold soared to Rs.3,062 per gram on 4 July as local jewellers increased orders, which helped push up demand for the metal.
    • The steady rise in price continued as the week ended as the gold rate in Trichy rose to Rs.3,071 per gram.

    July 2018- Week 2 (7-13)

    • Gold prices were steady for most of the week before a drop in orders towards the end of the week.
    • When trading opened on 7 July, gold was priced at Rs.3,070 per gram as the metal enjoyed steady demand from both local as well as overseas demand.
    • The renewed fear of a global trade war led to the dollar losing some value, which led investors to recoup their losses through bullion investments.
    • Prices were steady for most of the week before falling sharply to Rs.3,054 per gram on 11 July as the dollar rebounded on high demand for the currency globally.
    • Gold prices fell further over the rest of the week, as the falling rupee also ate into profit margins resulting in gold trading at Rs.3,028 per gram on 13 July.

    July 2018- Week 3 (14-20)

    • Gold opened the third week priced at Rs.3,029 per gram as retail demand failed to prop up the metal.
    • Falling demand from local industrial units due to the falling rupee also dented the metal’s value, as prices dropped to Rs.3,021 per gram on 17 July.
    • International demand for gold, especially from Asian markets were low due to fears of a declining yuan.
    • The drop in price continued during the week, with gold falling to Rs.2,991 per gram on 18 July in spite of stable overseas order volumes.
    • Prices recovered marginally as the week ended, with gold priced at Rs.2,997 per gram on 20 July.

    July 2018- Weeks 4 and 5 (21-31)

    • The surprise criticism of the dollar’s steady growth by the U.S. President led to the currency falling sharply, as gold prices improved marginally.
    • The yellow metal traded at Rs.3,018 per gram on 21 July, an improvement on its performance the previous week though demand continued to be sluggish.
    • Prices soon fell as the dollar regained some of its value over the course of the week, as gold prices slipped to Rs.2,997 per gram on 24 July.
    • Fluctuations in gold rates in Trichy continued for the rest of the week as the falling rupee cut into profits, as the metal traded at Rs.3,003 per gram on 28 July.
    • Demand for the metal fell locally, as gold ended the month priced at Rs.2,986 per gram to record a 2.38% loss in value.

    Trend of Gold Rate in Trichy for June 2018 (rates per gram)

    Parameters

    Gold price (24 karat)

    June 1 Rate

    Rs.3,100 per gram

    June 30 Rate

    Rs.3,054 per gram

    Highest Rate in June

    Rs.3,119 per gram on 9 and 10 June

    Lowest Rate in June

    Rs.3,054 per gram on 29 and 30 June

    Overall Monthly Performance

    Decline

    Percentage Change

    1.48%

    June 2018 - Week 1 (1st - 10th):

    • The bullion trade opened in Trichy with gold rates holding at Rs.3,100 per gram on the 1st with steady retail demand at the domestic level amid positive trend overseas.
    • The next couple of days saw prices plunging as the US dollar index strengthened after the US jobs data reported an incline in the number of jobs under the US payrolls during May.
    • Gold was priced at Rs.3,089 per gram on the 3rd, which dropped to Rs.3,081 per gram on the 4th amid the strengthening US dollar and equities.
    • With investors and traders speculating over disagreements between the participating nations in the G7 summit, demand for the safe-haven rose during the week.
    • This led to gold price in Trichy surging to Rs.3,088 per gram on the 6th, which rose further to Rs.3,103 per gram amid the positive market trends the next couple of days.
    • As expected, with the US President targeting the other heads of the G7 participating nations for inappropriate trade practices, the US dollar weakened.
    • Strong investor demand coupled with favourable market cues led to gold rate in Trichy surging to Rs.3,119 per gram - the highest recorded monthly figure - on the 9th.
    • Trading closed for the week with the yellow metal prices holding firm at Rs.3,119 per gram on the 10th amid the strong trend overseas.

    June 2018 - Week 2 (11th - 17th):

    • Gold was recorded trading relatively lower at Rs.3,105 per gram on the 11th when the week commenced amid the recovering US dollar index and equity markets.
    • With the dollar index gaining against a basket of other major emerging curries at the international level, the greenback strengthened. This led to gold price in Trichy plummeting to Rs.3,101 per gram on the 13th.
    • The 14th saw rates rebounding to Rs.3,110 per gram, thanks to an increase in domestic demand from local industries, retailers and jewellers amid firm overseas trends.
    • However, with the rising dollar suppressing global demand for the metal, prices declined over the next couple of days.
    • Gold was priced at Rs.3,095 per gram on the 16th and continued trading at the same rate for the rest of the week with subdued but steady domestic demand for the metal.

    June 2018 - Week 3 (18th - 24th):

    • The third week began with gold price in Trichy holding at Rs.3,087 per gram on the 18th as interest in the precious metal was capped by the strong dollar and equity market performances.
    • Though an increase in industrial offtake for the metal resulted in rates rising to Rs.3,098 per gram the next day, the bullion prices plunged to record lows as the greenback hit eleven-month highs at the global level.
    • The yellow metal was recorded trading at Rs.3,060 per gram on the 22nd amid the poor trend overseas.
    • Trading concluded for the week with gold priced at Rs.3,069 per gram on the 24th as market participants ramped up purchases following a slight decline in the dollar value.

    June 2018- Week 4 (25th - 30th):

    • Gold was recorded trading at Rs.3,070 per gram on the 25th as the last week began with demand held in check by the rising greenback and stock markets.
    • The dollar rose further over the next couple of days with investors refraining from making purchases ahead of the US Federal Reserve monetary policy. This resulted in gold rate in Trichy dropping to Rs.3,061 per gram on the 27th.
    • The 29th saw prices in Trichy plummeting to their lowest monthly figure of Rs.3,054 per gram as the dollar capitalised over its previous sessions’ gains, suppressing global demand for the metal.
    • The month came to an end with gold finishing at Rs.3,059 per gram on the 30th, registering a drop of 1.48% in bullion trade during the course of the month.

    Trend of Gold Rate in Trichy for May 2018 (rates per gram)

    Parameters Gold price (24 karat)
    May 1 Rate Rs.3,114 per gram
    May 31 Rate Rs.3,122 per gram
    Highest Rate in May Rs.3,213 per gram on 15 May
    Lowest Rate in May Rs.3,103 per gram on 3 May
    Overall Monthly Performance Incline
    Percentage Change 0.25%

    May 2018 - Week 1 (1st - 6th)

    • In Trichy, the week commenced with gold priced at Rs.3,114 per gram on the 1st with local demand suppressed by the strengthening US dollar equities.
    • Gold rates dropped to near-fourth month lows as the US dollar gained against a basket of other emerging currencies with investors and stockist speculating ahead of the US central bank meeting later during the month.
    • Poor trend overseas coupled with reduced investor demand led to gold prices in Trichy plummeting to its lowest monthly figure of Rs.3,103 per gram on the 3rd.
    • However, with the greenback tumbling amid losing equity markets, demand for the metal surged towards the end of the week.
    • The week came to an end with the precious metal priced at Rs.3,136 per gram on the 6th, thanks to an increased demand from domestic retailers, jewellers and industrial units amid the favourable market trends.

    May 2018 - Week 2 (7th - 13th)

    • The second week began with the bullion priced firm at Rs.3,136 per gram on the 7th with steady investor demand amid firm trends overseas.
    • Gold rate in Trichy dropped to Rs.3,133 per gram the next day, but recovered to Rs.3,134 per gram on the 9th amid favourable market cues.
    • The release of the poor US inflation data resulted in the dollar losing significant ground against other apex currencies. This led to gold prices surging to Rs.3,142 per gram on the 10th.
    • The 12th saw rates rising further to Rs.3,166 per gram with domestic markets capitalising on the positive trend overseas.
    • The week concluded with gold prices holding steady at Rs.3,166 per gram on the 13th owing to consistent investor demand amid favourable market cues internationally.

    May 2018 - Week 3 (14th - 20th)

    • The third week began in Trichy with gold trading at Rs.3,147 per gram on the 14th after local demand dropped against the recovering US dollar and equity markets.
    • The dollar, however, weakened ahead of the US Federal Reserve monetary policy meeting with investors mulled over by the central bank’s decision to leave US interest rates untouched. This led to gold rates surging to Rs.3,213 per gram on the 15th.
    • With the US dollar regaining lost ground over the next couple of days, demand for the metal dropped considerably. This led to gold being priced at Rs.3,120 per gram on the 16th.
    • The 17th saw gold rate in Trichy dropping further to Rs.3,105 per gram with the dollar touching its highest levels during the year.
    • Gold continued trading at the same rate on the 18th before surging to Rs.3,124 per gram on the 20th as investors banked on safe-haven assets such as the bullion amid the rising political tension in Europe and the US.

    May 2018 - Week 4 (21st - 27th)

    • Trading commenced for the week with the bullion priced at Rs.3,113 per gram on the 21st as local demand stabilised amid the recovering US dollar and equities.
    • The 22nd saw gold trading at the same rate before an incline in local investor demand despite the weak trend overseas led to gold prices surging to Rs.3,125 per gram on the 23rd.
    • Gold rate in Trichy rose further to Rs.3,137 per gram on the 24th as the dollar weakened following the US Fed Reserve meeting.
    • Strong trends overseas coupled with an improved investor demand resulted in gold being priced at Rs.3,146 per gram on the 25th.
    • Trading concluded for the week with the yellow metal priced at Rs.3,133 per gram on the 27th with local demand held in check with rising dollar and stock markets.

    May 2018 - Week 5 (28th - 31st)

    • The final week of trading began with gold prices in Trichy holding at Rs.3,106 per gram on the 28th after the US dollar index rose against a basket of other apex currencies.
    • However, the next two days saw gold demand surging with the US greenback weakening amid poor market cues. The yellow metal was recorded trading at Rs.3,122 per gram on the 30th.
    • The month came to an end with the precious metal priced at Rs.3,122 per gram on the last day with steady demand from local jewellers and retailers amid firm trends overseas.
    • Trichy recorded an incline of 0.25% in gold trade during the course of the month.

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

    Parameters Gold price (24 karat)
    Gold Rate on 1st April 2018 Rs.3,072 per gram
    Gold Rate on 30th April 2018 Rs.3,123 per gram
    Highest Rate in April Rs.3,153 per gram on 19 April
    Lowest Rate in April Rs.3,064 per gram on 6 April
    Overall Monthly Performance Incline
    Percentage Change 1.66%

    April 2018- Week 1 (1st - 7th)

    • Gold prices in Trichy were on the rise as the week began but fell slightly towards the end of the week.
    • The precious metal was priced at Rs.3,072 per gram on 1 April as local demand was stable and international trends were favourable.
    • Prices rose to Rs.3,091 per gram on 3 April as markets fell on fears of a trade war between China and the U.S. over trade tariff increases.
    • Local demand was steady and kept prices stable amidst global prices fluctuations, as gold prices fell to Rs.3,066 per gram on 5 April.
    • Recovering equity markets and a strengthening U.S. Dollar also led to a reduction in demand for gold, though prices rose to Rs.3,075 per gram on 7 April.

    April 2018- Week 2 (8th - 15th)

    • Prices were relatively stable as the second week began before geopolitical tensions led to an increase in demand for the yellow metal.
    • Gold opened the week at Rs.3,075 per gram on 8 April as equity markets stabilised and the dollar made small gains.
    • The possibility of U.S. airstrikes against Syria led to equity markets falling globally, fueling demand for gold as a safe-haven asset.
    • Prices surged to Rs.3,129 per gram on 12 April as the dollar fell sharply, resulting in an increase in demand from Asia.
    • Gold prices fell to Rs.3,106 per gram on 13 April as trade tensions cooled but prices jumped to Rs.3,142 per gram on 15 April after U.S.-led airstrikes against Syria.

    April 2018- Week 3 (16th - 22nd)

    • Gold prices fell to Rs.3,124 per gram as the third week began, though equity markets were still volatile after the missile strikes against Syria.
    • Local demand was boosted by a low U.S. Dollar and increased investor interest as prices rose to Rs.3,153 per gram on 19 April.
    • Prices continued to fluctuate as investors awaited minutes from the U.S. Fed Reserve meeting and industrial production data.
    • A downward trend was observed as the week progressed, with gold falling to Rs.3,146 per gram on 20 April.
    • Prices rose marginally as the week ended on 22 April with gold priced at Rs.3,151 per gram.

    April 2018- Week 4 (23rd - 30th)

    • High U.S. Treasury yields led to equity markets rising sharply and a drop in interest in gold as the week began.
    • Gold was priced at Rs.3,140 per gram on 23 April as local demand was muted due to poor retail sales.
    • A brief increase in demand led to gold prices rising to Rs.3,144 per gram on 26 April as the dollar made steady gains.
    • Prices dropped to Rs.3,129 per gram on 27 April as the possibility of North Korea’s denuclearization led to a rise in global equity markets.
    • Gold ended the month trading at Rs.3,123 per gram as the metal rose by 1.66% over the course of the month.

    Trend of Gold Rate in Trichy for March 2018 (rates per gram for 24 karat gold)

    Parameters Gold price (per gram)
    Gold Rate on 1st March 2018 Rs.3,043 per gram
    Gold Rate on 31st March 2018 Rs.3,072 per gram
    Highest Rate in March Rs.3,105 per gram on 24 and 25 March
    Lowest Rate in March Rs.3,030 per gram on 19 March
    Overall Monthly Performance Incline
    Percentage Change 0.95%

    March 2018 - Week 1 (1st - 4th)

    • When trading began for the month of March, the yellow metal was recorded trading at Rs.3,043 per gram on the 1st amid firm global cues.
    • Steady demand from local jewellers, retailers and industries led to gold rates rising to Rs.3,049 per gram on the 3rd.
    • Gold prices in Trichy rose to Rs.3,068 per gram on the 4th as the dollar tumbled following President Trump’s decision to raise the US import tariffs.

    March 2018 - Week 2 (5th - 11th)

    • Gold trade opened for the week with the bullion prices holding at Rs.3,064 per gram on the 5th with markets mulled over by the newly imposed US tariffs.
    • Prices dropped to Rs.3,054 per gram the next day as the recovering US dollar kept market participants on the lookout for further trends.
    • With investors speculating over the possibility of an impending US-Chinese trade war, gold prices surged to Rs.3,074 per gram on the 7th.
    • However, a decline in domestic demand despite the positive trend overseas led to rates dropping to Rs.3,061 per gram on the 8th.
    • Gold prices dropped further to Rs.3,047 per gram the following day before a drop in the dollar value with poor gains led to bullion rates rebounding to Rs.3,067 per gram towards the end of the week.

    March 2018 - Week 3 (12th - 18th)

    • The week began with the bullion priced relatively lower at Rs.3,057 per gram on the 12th after the stronger-than-expected US jobs data resulted in the US dollar rising against other apex currencies.
    • Gold rates in Trichy dropped to Rs.3,047 per gram on the 13th before rebounding to Rs.3,062 per gram the next day amid market uncertainties brought about by the dismissal of the US Secretary of State by the White House.
    • However, with market participants refraining from making purchases ahead of the US Federal Reserve monetary policy meeting, prices dropped to Rs.3,056 per gram on the 15th.
    • The week saw rates gradually declining amid the strengthening US dollar and when trading concluded for the week, the yellow metal was recorded holding at Rs.3,040 per gram on the 18th.

    March 2018 - Week 4 (19th - 25th)

    • Trading opened for the week with gold rates holding at Rs.3,030 per gram on the 19th with subdued demand from local jewellers and retailers. This was also the lowest recorded monthly figure in Trichy.
    • Demand for safe haven assets surged over the next couple of days as the dollar weakened amid US-China trade war fears. This led to gold being priced at Rs.3,067 per gram on the 22nd.
    • Positive global cues coupled with steady investor demand led to gold rates rising further to Rs.3,081 per gram on the 23rd.
    • The 24h recorded the highest monthly figure at Rs.3,105 per gram with the bullion capitalising on the weakened US dollar on the global front.
    • The week ended with gold trading at Rs.3,105 per gram on the 25th, thanks to strong domestic demand from industries and jewellers amid the positive trend overseas.

    March 2018 - Week 5 (26th - 31st)

    • The last week of trading commenced with the yellow metal priced at Rs.3,095 per gram on the 26th.
    • Prices rose to Rs.3,098 per gram on the 27th before dropping to Rs.3,084 per gram the next day as the US dollar index dominated against other apex currencies.
    • Strong dollar rates coupled with rising equities led to gold rates dropping further to Rs.3,066 per gram on the 30th.
    • However, the 31st saw an increase safe-haven demand with market participants banking on the bullion hedge against the US-China trade war possibilities.
    • Gold prices in Trichy rose by 0.95%, thanks to firm global cues that increased demand for the metal during the month.

    Trend of Gold Rate in Trichy for February 2018 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold Rate on 1st February 2018 Rs.3,040 per gram
    Gold Rate on 28th February 2018 Rs.3,046 per gram
    Highest Rate in February Rs.3,103 per gram on 14 February
    Lowest Rate in February Rs.3,003 per gram on 8 February
    Overall Monthly Performance Incline
    Percentage Change 0.19%

    February 2018 - Week 1 (1 to 4):

    • The first week saw gold rates in Trichy initially rise before declining as the US dollar strengthened towards the end of the week.
    • The week began with the precious metal trading at Rs.3,040 per gram on the 1st after the US Federal Reserve’s two-day monetary policy meeting concluded with the interest rates remaining altered.
    • With the US dollar losing against other emerging currencies ahead of the US jobs data, gold price in Trichy surged to Rs.3,071 per gram on the 2nd.
    • The employment data, however, proved to be stronger than expected with the data reporting an increase in the number of US jobs. This led to the dollar strengthening and gold prices plunged to Rs.3,050 per gram on the 3rd.
    • Thanks to steady demand from domestic retailers and jewellers, rates remained untouched at Rs.3,050 per gram until the end of the week.

    February 2017 - Week 2 (5 to 11):

    • The week saw gold price in Trichy fluctuate considerably with vagaries in demand amid uneven global cues during the week.
    • Gold was priced at Rs.3,035 per gram on the 5th when the week commenced.
    • However, massive shares and equity liquidation in the international market led to an incline in demand for safe-haven assets such as gold and silver. This led to gold prices surging to Rs.3,071 per gram on the 6th.
    • Rates plunged to Rs.3,031 per gram on the 7th after the dollar regained lost ground amid the recovering equities market.
    • With investors speculating over a possible Fed rate hike, the US dollar index rose against a basket of other emerging currencies. The precious metal was recorded trading at Rs.3,003 per gram - the lowest recorded monthly figure - on the 8th amid the weak trend overseas.
    • The 9th saw gold rate in Trichy rebounding to Rs.3,018 per gram after local jewellers and retailers ramped up purchases to stock their inventories.
    • Steady domestic demand despite the bleak trend overseas led to gold rates remaining untouched at Rs.3,023 per gram for the rest of the week.

    February 2018 - Week 3 (12 to 18):

    • The third week saw gold rate in Trichy surging significantly with the US dollar losing its sheen amid inflation concerns.
    • The week commenced with the yellow metal prices slightly higher at Rs.3,025 per gram on the 12th with the dollar losing against other apex currencies.
    • With investors and stockists contemplating ahead of the US inflation data, the US dollar weakened. This led to gold prices surging to Rs.3,030 per gram on the 13th.
    • The 14th saw gold rates in Trichy touching their highest monthly figure of Rs.3,103 per gram after the US dollar index lost against a basket of other emerging currencies in the international market.
    • With the US greenback recovering from the previous day’s losses, gold rates plummeted to Rs.3,071 per gram on the 15th.
    • However, the dollar lost after the US inflation data failed to meet market expectations and resulted in rates rising to Rs.3,074 per gram on the 16th.
    • On the 17th, with investors mulled over by the inflation data, demand for safe-haven assets surged. This led to bullion prices rebounding to Rs.3,096 per gram on the 17th.
    • The week concluded with gold price in Trichy holding firm at Rs.3,096 per gram on the 18th as traders and investors hedged on the bullion amid inflation concerns.

    February 2018 - Week 4 (19 to 25):

    • With the US dollar recovering from its previous rally of losses, gold rates plunged considerably during the week.
    • The yellow metal was recorded trading at Rs.3,083 per gram on the 19th when the week commenced.
    • Gold price in Trichy dropped to Rs.3,068 per gram on the 20th before plummeting further to Rs.3,057 per gram on the 21st after the US dollar index gained against other major currencies.
    • The 22nd saw gold rate in Trichy holding at Rs.3,054 per gram amid the weak trends overseas.
    • However, an increase in demand from local industries, retailers and jewellers despite the poor trends overseas led to bullion prices rebounding to Rs.3,060 per gram on the 23rd.
    • The week ended with the precious metal priced at Rs.3,067 per gram on the 24th tracking a steady domestic demand.

    February 2018 - Week 5 (26 to 28):

    • The final week began with gold price in Trichy trading at Rs.3,069 per gram on the 26th.
    • With the US dollar losing ahead of the new Fed chief's first congressional address to the nation, gold rate in Trichy remained untouched at Rs.3,069 per gram on the 27th.
    • The month came to an end with the precious metal prices dropping to Rs.3,046 per gram on the 28th as the US dollar regained lost ground in the international markets.
    • The bullion trade in Trichy witnessed an incline of 0.19% in gold rates during the course of the month.

    Trend of Gold Rate in Trichy for January 2018 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold Rate on 1st January 2018 Rs.3,009 per gram
    Gold Rate on 31st January 2018 Rs.3,045 per gram
    Highest Rate in January Rs.3,084 per gram on 20 and 21 January
    Lowest Rate in January Rs.3,000 per gram on 4 January
    Overall Monthly Performance Incline
    Percentage Change 1.19%

    January 2018 - Week 1 (1st to 7th):

    • When the month began in Trichy, the yellow metal was recorded trading at Rs.3,009 per gram on the 1st.
    • Prices remained unaltered at Rs.3,009 per gram the next day with steady demand from local jewellers, retailers and industries amid positive overseas trends.
    • Prices rose to Rs.3,014 per gram on the 3rd before plunging to Rs.3,000 per gram on the 4th following the release of the higher anticipated US employment data.
    • The US job data, however, proved to be weaker than expected and pushed the US dollar lower in the global market. This led to gold rate in Trichy rebounding to Rs.3,015 per gram on the 5th.
    • With the US dollar index losing a basket of other emerging currencies, gold price in Trichy surged further to Rs.3,021 per gram the following day.
    • Strong global cues coupled with steady domestic demand resulted in gold prices remaining unchanged at Rs.3,021 per gram for the rest of the week.

    January 2018 - Week 2 (8th to 14th):

    • The second week commenced with the bullion priced at Rs.3,015 per gram on the 8th after a rise in the US dollar value led resulted in a reduced demand for the metal.
    • Gold rate in Trichy rebounded to Rs.3,021 per gram the next day before plummeting to Rs.3,009 per gram on the 10th with the US regaining lost ground in the world markets.
    • With the US dollar losing significantly and gold rates hitting record highs over the next few day, demand for the metal surged.
    • On the 11th, the yellow metal was recorded trading at Rs.3,030 per gram amid the positive overseas trends.
    • The poorly performing equities coupled with the weakened greenback resulted in gold price in Trichy nearing seven-week highs in the bullion market. The precious metal was priced at Rs.3,045 per gram on the 12th which rose further to Rs.3,048 per gram the following day.
    • As the week came to an end, an increase in domestic demand from local jewellers, retailers and industries amid strong global cues resulted in gold being priced at Rs.3,068 per gram on the 14th.

    January 2018 - Week 3 (15th to 21st):

    • The week began with the yellow metal trading at Rs.3,071 per gram on the 15th with a slight increase in domestic demand for the metal.
    • Strong investor sentiments coupled with firm trends overseas led to gold rate in Trichy rising to Rs.3,086 per gram on the 16th.
    • However, with the greenback regaining lost ground over the next few days, the precious metal was priced at Rs.3,082 per gram on the 17th which further dropped to Rs.3,061 per gram on the 18th.
    • The 19th witnessed gold price in Trichy rising slightly to Rs.3,064 per gram before surging further to Rs.3,084 per gram on the 20th with investors speculating over a possible US government shutdown.
    • The week concluded with the bullion prices holding steady at Rs.3,084 per gram after investors hedged on the precious metal against the US government shutdown concerns.

    January 2018 - Week 4 (22nd to 28th):

    • Trading began in Trichy with the yellow metal priced at Rs.3,078 per gram on the 22nd with demand declining against the strengthening dollar and equities.
    • The 23rd, however, saw gold rate in Trichy rebounding to Rs.3,087 per gram with the US dollar index losing against a basket of other major emerging currencies in the global trade.
    • Steady domestic demand coupled with strong trends overseas resulted in gold price in Trichy remaining unaltered at Rs.3,087 per gram on the 24th.
    • With the US greenback touching record low figures and gold closing in on near 16-month highs in the bullion market, prices surged to Rs.3,129 per gram - the highest recorded monthly figure - on the 25th.
    • The next couple of days saw demand for the metal declining with the US dollar regaining lost ground from the previous streak of losses.
    • When trading concluded for the week, the precious metal was priced as low as Rs.3,043 per gram on the 28th owing to reduced domestic demand amid the poor global cues.

    January 2018 - Week 5 (29th to 31st):

    • The last week commenced with the yellow metal prices holding at Rs.3,043 per gram on the 29th with steady domestic demand from the previous week.
    • However, with the US dollar rising against other apex currencies, gold rate in Trichy plunged to Rs.3,030 per gram on the 30th.
    • With investors and markets mulled over the US Federal Reserve’s two-day monetary policy meeting due next month, the US dollar value declined. This led to gold being priced at Rs.3,045 per gram on the last day.
    • Gold price in Trichy registered an incline of 1.33% in bullion prices during the course of the month.

    Trend of Gold Rate in Trichy for December 2017 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold Rate on 1st December 2017 Rs.2,982 per gram
    Gold Rate on 31st December 2017 Rs.3,015 per gram
    Highest Rate in December Rs.3,015 per gram on 30 and 31 December
    Lowest Rate in December Rs.2,903 per gram on 13 December
    Overall Monthly PerformanceMa Incline
    Percentage Change 1.10%

    December 2017 – Week 1 (1st to 10th)

    • The dollar rate stayed firm even after the reports on the U.S. jobless data were announced. The economic growth uplifted and strengthened the currency, which commenced the gold to trade at Rs.2,982 per gram on 1 December.
    • However, on 2 December, the U.S. share market fell. This led the dollar rate to drop slightly and inclined the gold rates in Trichy to Rs.3,002 per gram.
    • With the revised U.S. Republican Tax Improvement Bill and decline in the shares, the gold price remained untouched at Rs.3,002 per gram on 3 December.
    • On 4 December, the US Senate cleared the pending landmark bill and reconciled the differences in legislation, which inclined the dollar rate and plummeted the gold price to Rs.2,971 per gram.
    • The metal price marginally rose to Rs.2,972 per gram on 5 December with a stable demand in overseas.
    • After the U.S. Federal Reserve meeting on the monetary policy, the interest rates raised and the rates plunged to Rs.2,962 per gram on 6 December amidst a firming dollar.
    • Gold price in Trichy traded at Rs.2,942 per gram on 7 December and fell further to Rs.2,917 per gram on 8 December amidst a good dollar index. This was also the lowest price of the week.
    • From 8 – 10 December, the demand from the local jewellers and other retailers spurred, which led the metal being traded at Rs.2,927 per gram.

    December 2017 – Week 2 (11th to 17th)

    • Regardless of positive demands from the global market, both the Asian and Indian markets showed some impetus to progress growth. With this, gold trade in Trichy opened with Rs.2,911 per gram on 11 December.
    • Gold rates plummeted to Rs.2,908 per gram on 12 December with an incline in the U.S. dollar rate.
    • However, the price decreased further to Rs.2,903 per gram on 13 December and recorded to the lowermost of the month with a huge demand from the local jewellers.
    • On 14 December, the U.S. Federal Reserve raised the interest rates, which led the dollar rate to fall. This reflected in the Indian gold market and incline the rates. However, the demand continued to go up with the precious metal trading at Rs.2,924 per gram in Trichy.
    • Gold demand was unsustainable, which led the price to plummet to Rs.2,918 per gram on 15 December and Rs.2,917 per gram on 16 December.
    • On 17 December, the dollar weakened and inclined gold rate to Rs.2,927 per gram.

    December 2017 – Week 3 (18th to 24th)

    • Gold was trading at Rs.2,923 per gram on 18 December with a good demand from the domestic gold market.
    • However, on 19 December, the price rose to Rs.2,928 per gram after a sudden growth in the equity market.
    • Rates inclined further to Rs.2,931 per gram on 20 December amidst strong international cues coupled with high local demands.
    • With respect to a decline in the Asian stock market after the revised U.S. tax bill, the gold rates for the next few days increased gradually. The precious metal was recorded at Rs.2,933 per gram on 21 December and augmented a little more to Rs.2,935 per gram on 22 December.
    • On 23 December, the rates plummeted to Rs.2,956 per gram with a good demand from the local jewellers and in overseas.
    • The week ended with gold being traded at Rs.2,956 per gram on 24 December with a good domestic demand.

    December 2017 – Week 4 (25th to 31st)

    • Gold rates in Trichy were priced at Rs.2,947 per gram on 25 December and the entire week saw inclinations due to several factors.
    • With respect to the rising global trends, the precious metal inclined to Rs.2,956 per gram on 26 December.
    • On 27 December, however, the U.S. dollar rate weakened against other apex currencies and led the gold rate to incline by Rs.18. The yellow metal was trading at Rs.2,974 per gram.
    • The U.S. dollar rate continued to decline, which inclined the gold rate to Rs.2,985 per gram and remained unaltered on 29 December.
    • The price inclined further to Rs.3,015 per gram on 30 December and remained the same on 31 December due to the continuing geopolitical issues.
    • Overall, the month saw an incline of 1.10% due to the fluctuations in inflation rates.

    Trend of Gold Rate in Trichy for November 2017 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold rate on 1st November 2017 Rs.2,988 per gram
    Gold rate on 30th November 2017 Rs.2,992 per gram
    Highest Rate in November Rs.3,030 per gram on 18 and 19 November
    Lowest Rate in November Rs.2,974 per gram on 6 November
    Overall Monthly Performance Incline
    Percentage Change 0.13%

    November 2017 - Week 1 (1st to 5th)

    • When trading commenced for the month, gold was priced at Rs.2,988 per gram on the 1st of November.
    • A strong dollar index coupled with firmer equities led to gold rate in Trichy declining during the week.
    • Gold was trading at Rs.2,985 per gram on the 2nd before plunging to Rs.2,979 per gram the next day after the US dollar gained against other major emerging currencies.
    • Reduced domestic demand amid the poor global cues led to the precious metal being priced at Rs.2,977 per gram on the 4th.
    • Gold rate in Trichy stabilised at Rs.2,977 per gram on the 5th owing to a steady demand from local jewellers, retailers and industries..

    November 2017 - Week 2 (6th to 12th)

    • Strong international trends compounded by an increase in local demand the metal resulted in gold rate in Trichy improving significantly during the week.
    • The week commenced with gold trading at Rs.2,974 per gram - the lowest recorded monthly figure - on the 6th.
    • However, with the dollar losing its sheen amid the possibilities of a Fed rate hike in December, gold price in Trichy recovered to Rs.2,995 per gram on the 7th, which further rose to Rs.3,002 per gram the following day.
    • Gold rate in Trichy continued to rise as the week progressed with the precious metal priced at Rs.3,008 per gram on the 9th before stabilising at Rs.3,015 per gram on the 10th with steady domestic demand for the metal from local industries, retailers and jewellers.
    • The rest of the week witnessed prices remaining untouched at Rs.3,015 per gram owing to strong global cues coupled with improved demand for the metal.

    November 2017 - Week 3 (13th to 19th)

    • Prices fluctuated for much of the week owing to demand vagaries in the bullion trade amid the uneven global cues.
    • The week commenced with the precious metal trading at Rs.3,014 per gram on the 13th.
    • Though gold rate in Trichy plunged to Rs.3,007 per gram on the 14th with the strengthening of the dollar, strong orders from local jewellers and industries led to prices rebounding to Rs.3,018 per gra on the 15th.
    • However, the next couple of days saw prices plummeting to Rs.3,007 per gram with the dollar losing against other major emerging currencies and equities performing poorly.
    • On the 18th, gold rate in Trichy rose to Rs.3,031 per gram after local demand surged amid the positive trends overseas. This was also the highest recorded monthly figure in Trichy.
    • The week ended with the yellow metal trading steady at Rs.3,031 per gram on the 19th, thanks to strong domestic amid the positive trends overseas.

    November 2017 - Week 4 (20th to 26th)

    • The fourth week commenced with gold priced relatively lower at Rs.3,025 per gram on the 20th with demand declining from the previous week.
    • However, with the US dollar and global markets recovering during the week, the yellow metal prices were recorded at Rs.3,004 per gram and Rs.3,005 per gram on the 21st and the 22nd respectively.
    • The 23rd witnessed gold rate in Trichy rebounding to Rs.3,013 per gram before dropping marginally to Rs.3,012 per gram the next day due to a decline in domestic demand amid the poor global trends.
    • Strong domestic demand despite the strong dollar and firmer equities led to gold being priced at Rs.3,014 per gram on the 25th.
    • The precious metal was priced at Rs.3,014 per gram on the 26th, thanks to steady demand from local jewellers, retailers and industries.

    November 2017 - Week 5 (27th to 30th)

    • The bullion opened at Rs.3,011 per gram on the 27th as the final week began in the city with reduced domestic demand amid the weak overseas trends.
    • The rest of the week saw metal prices declining after Trump proposed a new tax reform plan to overhaul the US tax system in the US Senate. This led to the precious metal being priced at Rs.3,008 per gram on the 28th and the 29th.
    • Strong dollar index coupled with firmer equities resulted in the bullion being priced as low as Rs.2,992 per gram on the last day.
    • The month ended with Trichy registering a profit of 0.13% during the month of November.
    Parameters Gold price (24 karat)
    Gold Rate on 1st October 2017 Rs.3,040 per gram
    Gold Rate on 31st October 2017 Rs.2,997 per gram
    Highest Rate in September 2017 Rs.3,059 per gram on 15 to 15 October
    Lowest Rate in September 2017 Rs.2,997 per gram on 6, 27, 30, and 31 October
    Overall Monthly Performance Decline
    Percentage Change -1.41%

    October 2017 - Week 1 (1st to 8th):

    • The bullion metal opened trading at Rs.3,040 per gram on account of steady demand from local jewellers and industries.
    • The next few days witnessed gold rate in Trichy declining significantly with the dollar strengthening amid the possibility of an interest rate hike by the US central bank in December. The precious metal was priced at Rs.3,010 per gram on the 3rd.
    • Firm equity markets and strong dollar rates during the week led to gold being priced at Rs.3,009 per gram and Rs.3,005 per gram on the 4th and 5th respectively.
    • Poor global demand despite strong favourable geopolitical concerns led to the yellow metal prices dropping to Rs.2,997 per gram - the lowest recorded monthly figure - on the 6th.
    • Prices, however, surged over the next couple of days with the government making KYC (know your customer) mandatory throughout the country. This led to gold price in Trichy surging to Rs.3,017 per gram on the 7th and the 8th.

    October 2017 - Week 2 (9th to 15th):

    • Gold trade in Trichy saw prices improving due to strong international trends coupled with the arrival of the festive season during the week.
    • The week began with the yellow metal priced at Rs.3,027 per gram on the 9th.
    • Domestic bullion trade improved with the mandated KYC norms having boosted buyer sentiments. This led to an increased local demand pushing prices higher to Rs.3,041 per gram on the 12th.
    • However, the 13th witnessed gold rate in Trichy plunging to Rs.3,031 per gram after global demand subdued amid a strong US greenback.
    • The domestic bullion trade surged the next day following an increased buying from local jewellers, industries and retailers amid strong positive global trends. This led to gold price in Trichy rising to Rs.3,059 per gram on the 14th. This was also the highest recorded monthly figure in Trichy.
    • Prices remained unchanged at Rs.3,059 per gram the next day as well owing to the arrival of the festive season that pushed local demand higher.

    October 2017 - Week 3 (16th to 22nd):

    • The third week saw gold rate Trichy plunging initially, but thanks to the firm trend overseas, prices stabilised halfway into the week.
    • Trading commenced with the precious metal traif at Rs.3,048 per gram.
    • Gold price in Trichy dropped over the next couple of days following a poor trend overseas as the dollar began regaining lost ground. This led to gold being priced at Rs.3,021 per gram on the 18th.
    • However, the imminent arrival of the festive season led to an increased buying in the domestic markets. This led to rates rebounding to Rs.3,026 per gram on the 20th.
    • The last two days of the week saw gold trading steady at Rs.3,027 per gram after the North Korean nuclear prowess toppled the US economy.

    October 2017 - Week 4 & Week 5 (23rd to 31st):

    • The final began with the precious metal trading relatively lower at Rs.3,006 per gram on the 23rd. This was due to the well performing dollar emerging dominant over other apex currencies.
    • Though rates rose slightly to Rs.3,009 per gram on the 24th, the next few days saw prices plummeting with the dollar rising amid the possibility of the Fed rate hike in December. This led to the yellow metal prices dropping to Rs.3,000 per gram on the 26th.
    • Poor domestic demand amid strong equities market led to gold price in Trichy plunging to Rs.2,997 per gram on the 27th.
    • The next couple of days saw rates recovering to Rs.3,006 per gram after a firm trend overseas led to an increase in local demand.
    • However, prices plummeted again as markets remained cautious ahead of policy meetings by three central banks. This led to gold being priced at Rs.2,997 per gram on the 30th and 31st.
    • Trichy witnessed gold rate in Trichy declining at 1.41% during the month owing to poor global cues compounded with reduced local demand.
    Parameters Gold price (per 1 kg)
    Gold rate on 1st September Rs.2,995 per gram
    Gold rate on 30th September Rs.3,040 per gram
    Highest Rate in September Rs.3,102 per gram on 8 September
    Lowest Rate in September Rs.2,832 per gram on 29 September
    Overall Monthly Performance Incline
    Percentage Change 1.50%

    September 2017- Week 1 (1st to 10th)

    • Gold traded at Rs.2,995 per gram on the first day of the month in Trichy and increased marginally thereafter to trade at Rs.2,997 per gram on 2 and 3 September.
    • The low rate of gold was due to spectators raining bets amidst firm trends being seen globally. This rate was also the lowest at which gold was priced at for the month of September in Trichy.
    • The price of gold in Trichy increased to Rs.3,081 per gram on 4 September before reducing to trade at Rs.3,068 per gram. However, the rate of gold increased again to trade at Rs.3,087 per gram on 6 September.
    • The impact on the rate of gold could be attributed to North Korea’s confirmation regarding the testing of new powerful nuclear weapons.
    • The rate of gold shot up to trade at Rs.3,108 per gram on 8 September and was the highest at which this metal was priced during the month of September.
    • On the last two days of the week, gold was priced at Rs.3,095 per gram due to steady demand for this metal.

    September 2017- Week 2 (11th to 17th)

    • Gold rate in Trichy fell to Rs.3,074 per gram on 11 September due to a decline in the demand for this metal and reduced even further the next day to be priced at Rs.3,055 per gram on 12 September.
    • The rate of gold continued to fluctuate as the week progressed due to a recovery in the value of the US dollar.
    • Gold was priced at Rs.3,068 per gram on 13 september and reduced again thereafter to trade at Rs.3,051 per gram on 14 September.
    • On the last three days of the second week of September, gold in Trichy was priced at Rs.3,061 per gram due to steady demand for this metal from domestic markets.

    September 2017- Week 3 (18th to 24th)

    • Gold was priced at Rs.3,035 per gram on 18 October and fell marginally the next day to trade at Rs.3,030 per gram. This was due to a firm dollar as well as rising equity markets.
    • Gold was priced at Rs.3,045 per gram on 20 September and declined the next day to be priced at Rs.3,026 per gram.
    • Due to steady but low demand for this yellow metal from both domestic as well as international markets, the rate of gold was stable at Rs.3,030 per gram from 22 September to 24 September.

    September 2017- Week 4 (25th to 30th)

    • The rate of gold in Trichy was Rs.3,030 per gram on 25 September which was a continuation of the rate seen during the previous week as well.
    • The rate of gold was Rs.3,072 per gram on 26 September due to a recovery in the demand for this metal from domestic markets.
    • As the value of the US dollar marginally increased, the rate of gold slightly decreased with this metal being priced at Rs.3,051 per gram on 27 September.
    • However, this rate was not sustained and the price of this metal reduced marginally to trade at Rs.3,030 per gram on 28 September and declined even further thereafter to trade at Rs.2,832 per gram on the penultimate day of the month.
    • Gold closed the month of September in Trichy by being priced at Rs.3,040 per gram while recording an incline of 1.50% in the rate of gold.
    Parameters Gold price (24 karat)
    Gold Rate on 1st August Rs.2,926 per gram
    Gold Rate on 31st August Rs.2,971 per gram
    Highest Rate in August Rs.2,999 per gram on 29 August
    Lowest Rate in August Rs.2,900 per gram on 5 and 6 August
    Overall Monthly Performance Incline
    Percentage Change 1.87%

    August 2017 - Week 1 (1st-6th)

    • The month began with gold being traded at Rs.2,926 per gram.
    • With investors cautious about forthcoming European Central Bank and Federal Reserve meetings in Europe and the US regarding monetary policies and interest rates, the demand softened during the week.
    • Gold rate in Trichy hit the lowest monthly figure of Rs.2,899 on the 3rd. Prices went up to Rs.2,920 on the 4th as jewellers increased their purchases to meet the retailers' demand.
    • Gold price in Trichy dropped again to Rs.2,900 on the 5th and 6th due to the subdued demand after the previous day's trade.

    August 2017 - Week 2 (7th-13th)

    • The second week began with gold rates at Rs.2,901 due to low demand from the investors and retailers.
    • The next day saw a slight increase in the rates with gold being traded at Rs.2,906.
    • The 9th day witnessed the gold rate in Trichy being raised to Rs.2,917 per gram, which was sufficient to end the staggering decrease in prices.
    • The gold price in Trichy surged by Rs.30 per gram to Rs.2,947 on the 10th due to the rising tensions between the US and North Korea.
    • With dollar value on the low due to the tension on the Korean peninsula, the gold prices shot up again by Rs.30 per gram to Rs. 2,977 per gram on the 11th.
    • Gold continued being sold at Rs.2,977 per gram on the 12th and 13th due to consistent demand.

    August 2017 - Week 3 (14th-20th)

    • The third week in Trichy witnessed a decrease in the gold rates as the US dollar began to reclaim its value.
    • The week started off with gold rate in Trichy at Rs.2,962 per gram on the 14th which remained the same on the 15th again.
    • On the 16th, the yellow metal's rates saw an unexpected fall to Rs.2,940 per gram.
    • Gold price in Trichy surged to Rs.2,969 per gram on the 17th due to increase in gold purchases from investors.
    • The 18th witnessed an uncharacteristic downfall in the yellow metal's prices again bringing it down to Rs.2,942 per gram.
    • With a slight increase in demand, the prices stood at Rs.2,951 per gram on the 19th and the 20th.

    August 2017 - Week 4 (21st-27th)

    • The fourth week began with gold being traded at Rs.2,950 per gram.
    • With an increase in the demand, the 22nd witnessed gold prices at Rs.2,965 per gram.
    • Though the yellow metal's rate went down by Rs.2 on the 23rd, the prices rose back to Rs.2,965 per gram on the 24th.
    • The gold rate in Trichy remained Rs. 2,967 per gram until the 27th due to steady demand.

    August 2017 - Week 5 (28th-31st)

    • Towards the end of August, there was a significant rise in the gold rates due to declining trend of the US dollar.
    • On the 28th, gold traded at Rs.2,942 per gram due to decrease in demand from investors and jewellers.
    • Gold rates hit the highest monthly figure of Rs.2,999 per gram on the 29th, which eventually declined the next day.
    • The gold rate in Trichy dropped to Rs.2,973 per gram on the 30th.
    • The month ended with gold being traded at Rs.2,971 per gram in Trichy.
    • Steady demand from the investors and other global issues led to an increase in prices by 1.87% for this month.
    Parameters Gold price (24 karat)
    July 1st Rate Rs.2,950 per gram
    July 31st Rate Rs.2,925 per gram
    Highest Rate in July Rs.2,950 per gram on 1 & 2 July
    Lowest Rate in July Rs.2,796 per gram on 11 July
    Overall Monthly Performance Decline
    Percentage Change -0.84%

    July 2017 - Week 1 (1st - 9th)

    • Gold started trading at Rs.2,950 per gram on the 1st and 2nd of July - a relative high - as the market was still reeling under the arrival of GST.
    • Gold rate in Trichy fell on the 3rd to Rs.2,935 per gram as the impact of 3% GST on gold and precious metals began to take effect.
    • Gold price in Trichy fell this week despite the US dollar reaching near nine-month low figures over concerns with the Trump administration.
    • By the 4th, gold rates had reached Rs.2,914 per gram and kept falling as domestic investors didn’t seem to want anything to do with gold.
    • When the week came to an end on the 9th, the metal’s prices were down to Rs.2,875 per gram.

    July 2017 - Week 2 (10th - 16th)

    • The gold price in Trichy drop from the previous week trickled down to this week as well, which was evident with the starting price of Rs.2,831 per gram.
    • On the 11th, gold rates reached a monthly low number of Rs.2,796 per gram as stronger US job data led to the Fed Reserve maintaining its position on monetary policy tightening.
    • However, gold prices in Trichy surged to Rs.2,813 per gram on the 12th as dollar tanked after reports claiming Donald Trump’s collusion with Russia hit the stands.
    • Gold gates fell briefly due to cautious buying as gold was trading at Rs.2,803 per gram on the 14th.
    • As the US economic data pointed to a rather slow growth, gold rates increased to Rs.2,818 per gram on the 16th of the month.

    July 2017 - Week 3 (17th - 13th)

    • When the third week of July began in Trichy, gold was selling at Rs.2,822 per gram.
    • With demand on the incline, courtesy of a weak dollar, gold prices went up to Rs.2,832 per gram on the 18th and then to Rs.2,845 per gram on the 19th.
    • A sustained buying frenzy from investors saw gold rate in Trichy hit Rs.2,869 per gram on the 20th of the month.
    • Gold price in Trichy went up consistently over the next few days - reaching Rs.2,897 per gram on the 21st and then to Rs.2,917 per gram the next day - as investors made the best of the volatility.
    • The week ended with gold still trading at Rs.2,917 per gram as demand stabilised.

    July 2017 - Week 4 (24th - 30th)

    • Gold rate in Trichy fluctuated consistently as demand seemed to be on a low this week.
    • On the 24th, gold was priced at Rs.2,918 per gram but due to unsustainable buying trends seen the previous week, rates fell to Rs.2,897 per gram on the 26th.
    • Gold price in Trichy increased to Rs.2,920 per gram as certain investors decided to take advantage of a conflict between the US and North Korea which led the markets astray.
    • Rates fluctuated for the next four days before ending the month at Rs.2,925 per gram as demand consolidated.
    • Price trends declined by 0.84% in Trichy as a result of weak domestic demand.
    Parameters Gold price (24 karat)
    June 1 Rate Rs.2,977 per gram
    June 30 Rate Rs.2,962 per gram
    Highest Rate in June Rs.3,030 per gram on 7 June
    Lowest Rate in June Rs.2,942 per gram on 20 June
    Overall Monthly Performance Decline
    Percentage Change -0.50%

    June ‘17- Week 1 (1st to 4th)

    • Gold opened the month at Rs.2,977 per gram in June and appreciated in value due to the unstable market, resulting out of regional instability in the United States.
    • Gold Prices dipped to Rs.2,965 per gram on 2 June as industrial demand fell slightly, with local demand at a low as consumers awaited further clarification on GST.
    • Demand spiked to Rs.2,998 per gram on 3 June as the U.S. dollar and U.S. markets plunged following news of the possible repeal of the Affordable Healthcare Act.
    • Prices did not change as the week ended, with gold trading at Rs.2,998 per gram on 4 June.

    June ‘17- Week 2 (5th to 11th)

    • Demand spiked in the second week as gold was sought after due to volatile markets and a low U.S. dollar rate, with the metal trading at Rs.3,006 per gram on 5 June.
    • Gold reached Rs.3,025 per gram on 6 June as local demand increased ahead of the implementation of GST.
    • Prices continued to climb as industrial demand and higher demand from jewellers led to gold trading at Rs.3,030 per gram on 7 June.
    • Demand began to fall as the week progressed as demand plateaued as global markets began to stabilise, with gold priced at Rs.2,987 peer gram on 9 June.
    • The release of U.S. jobs data led to markets recouping from their earlier losses as demand for gold fell to Rs.2,981 per gram on 10 & 11 June.

    June ‘17- Week 3 (12th to 18th)

    • Prices were low as gold did not see much demand in the third week as the metal traded at Rs.2,983 per gram on 12 June.
    • Demand began to fall during the week as local demand was muted following international cues which pointed to a drop in demand for the precious metal.
    • Gold traded at Rs.2,973 per gram on 14 June as the dollar was bolstered by positive trading on the bourses and stronger investor confidence in the greenback.
    • Prices fell sharply as gold traded at Rs.2,951 per gram on 17 June on account of lowered demand from Asian industry as market watchers anticipated news of a possible rate hike by the Federal Reserve.
    • Gold rose marginally as the week ended, closing at Rs.2,955 per gram on 18 June.

    June ‘17- Week 4 (19th to 25th)

    • Gold plunged to Rs.2,949 per gram on 19 June as European demand for the yellow metal was also on the decline due to stable markets.
    • The U.S. dollar rate also rose against other global currencies, making gold imports more expensive and leading to lower orders, as gold fell to Rs.2,942 per gram on 20 June.
    • There was a gradual rise in demand for the precious metal as local consumers bought gold ahead of the projected price rise due to GST.
    • Gold traded at Rs.2,958 per gram on 22 June and rose to Rs.2,964 per gram on 24 & 25 June.

    June ‘17- Week 5 (26th to 30th)

    • Prices fluctuated in the last week of June as conflicting cues and market volatility impacted gold prices.
    • The week began with gold trading at Rs.2,977 per gram on 26 June as the increase in local retail demand kept prices stable.
    • Gold plunged to Rs.2,957 per gram on 27 June as bullion rates dropped globally due to a decline in industrial demand.
    • Prices recovered to trade at Rs.2,970 per gram on 28 June before falling to Rs.2,960 per gram on 29 June.
    • Gold prices rose marginally to end the month at Rs.2,962 per gram on 30 June, registering a loss in value of 0.50% over the course of the month.
    May 1st Rate Rs.2,984 per gram
    May 31st Rate Rs.2,968 per gram
    Highest Rate in May Rs.2,984 per gram on the 1st May
    Lowest Rate in May Rs.2,888 per gram on 15th May
    Overall Performance Decline
    Percentage Change -0.70%

    May 2017 - Week 1 (1st-7th):

    • As Trichy Isn't known for gold consumption, gold prices saw a decline in May 2017.
    • The month began with gold priced at Rs.2,984 per gram - which also happened to be the highest gold rate for the entire month.
    • From then on, prices seemed to ride the sine wave as demand was a little too flimsy.
    • The 2nd saw gold prices dip as local demand took a hit way more than expected and fell again on the 3rd to reach Rs.2,952 per gram.
    • On 4th, gold took a second sub-20 rupee hit in the same week to go down to Rs.2,922 per gram.
    • It was all downhill the next two days as well as prices went to Rs.2,908 per gram on the 5th and then to Rs.2,899 per gram on the 6th.
    • On the last day of the week i.e., the 7th gold prices stabilised as demand picked up lightly.

    May 2017 - Week 2 (8th - 14th):

    • When the second week began on 8th, gold rates had dipped to Rs.2,896 per gram as there was a no demand from the local market.
    • Gold rates slightly increased on the 09th of May and traded at Rs.2,904 per gram.
    • Gold prices went down on the 11th to Rs.2,889 per gram as there was little to no demand for the precious metal in the local circles.
    • However, there was just a teeny bit of increase in demand on the 12th as it went up to Rs.2,892 per gram.
    • After that minor increase broke the fall, gold rates reduced on the 13th, albeit by Re.1, to reach Rs.2,891 per gram.
    • As a fall in the US dollar saw prices increase everywhere, prices surged slightly in the local markets on the 14th.
    • When the second week of May drew to a close, gold prices were still holding at Rs.2,891 per gram.

    May 2017 - Week 3 (15th - 21st):

    • Like in the previous week, gold prices opened on a negative note as prices had gone down to Rs.2,888 per gram.
    • On the 15th, however, gold prices surged to Rs.2,888 per gram and then to Rs.2,910 per gram on 17th as demand in the city went for the first time in half a month.
    • The 18th again saw gold prices surge, but this time by a rather significant margin as they increased and traded at Rs.2,958 per gram.
    • A sudden increase on the 18th was followed by a drop on the 19th as gold prices went down to Rs.2,954 per gram and remained the same till the end of the week.

    May 2017 - Week 4 (22nd - 28th):

    • Prices had fallen when week 4 began as gold was seen trading at Rs.2,956 per gram on the 22nd.
    • On the 23rd, gold prices rose significantly to Rs.2,971 per gram.
    • As the demand couldn’t be sustained on the 24th, prices went down to Rs.2,956 per gram and remained at the same rate on the 25th.
    • Gold prices slightly increased on the 25th and traded at Rs.2,956 per gram.
    • When the week came to an end, price of gold was holding at Rs.2,979 per gram.

    May 2017 - Week 5 (29th - 31st):

    • Gold rates fluctuated over the last three days of the month.
    • On 29th, when trading began, gold was priced at Rs.2,977 per gram.
    • Rates dropped on the last day of the week to Rs.2,968 per gram as demand in the local market wasn’t strong enough.
    • In Trichy, gold closed at Rs.2,968 per gram on the 31st of May.
    April 1st Rate Rs.2,956 per gram
    April 30th Rate Rs.2,984 per gram
    Highest Rate in April Rs.3,040 per gram on 15th & 16th April
    Lowest Rate in April Rs.2,954 per gram on 8th & 9th April
    Overall Performance Incline
    Percentage Change 0.94%

    April ’17- Week 1 (1st to 9th)

    • The price of gold in Trichy was on the increase in the first week of April as demand from industrial units as well as investors was stable.
    • Gold traded at Rs.2,956 per gram on 1st April, with the price jumping to Rs.2,987 per gram on 4th April due to a fall in the U.S. Dollar rate, which led to increased demand for gold overseas.
    • Prices stabilised as the week progressed, with gold trading at Rs.2,970 per gram due to fluctuations in demand as jewellers reduced demand for the precious metal.
    • Gold prices fell further as the metal traded at Rs.2,954 per gram on 9th April, its lowest rate for the month due to a decrease in investor demand.

    April ’17 – Week 2 (10th to 16th)

    • Gold prices continued to rise in the second week of April as markets fluctuated, which led to higher demand for gold, considered a safe haven asset.
    • Gold was priced at Rs.2,956 per gram on 10th April and rose to Rs.3,001 per gram on 12th April as the U.S. Dollar plunged further over uncertainty due to the North Korean crisis.
    • International demand buoyed local trade in the yellow metal, resulting in gold trading at Rs.3,028 per gram on 14th April.
    • Prices rose to a monthly high of Rs.3,040 per gram on 15th April as investors looking to offset declining stock values by investing in gold.
    • The week ended with gold trading at Rs.3,040 per gram on 16th April.

    April ’17 – Week 3 (17th to 23rd)

    • The price of gold began to fall marginally during the week as markets recovered from their earlier losses and the U.S. Dollar also rose.
    • Gold traded at Rs.3,033 per gram on 17th April as demand was steady as the week began, but prices fell to Rs.3,022 per gram on 19th April due to a dip in demand.
    • Investor interest in gold waned as the markets picked up, as domestic demand also fell.
    • Gold recovered marginally as the week ended, trading at Rs.3,035 per gram on 23rd April.

    April ’17 – Week 4 (24th to 30th)

    • The last week of April saw gold prices in Trichy drop sharply due to a continued decline in demand from investors as well as jewellers.
    • Gold was priced at Rs.2,998 per gram on 24th April, as industrial demand for the metal also fell due to the high export cost as the U.S. Dollar continued to strengthen.
    • Prices dropped to Rs.2,962 per gram on 27th April as the auspicious day of Akshaya Tritiya did not see much in the way of gold sales, which led to a further reduction in demand from jewellers.
    • Prices picked up as the month ended, with gold trading at Rs.2,984 per gram on 30th April to record a marginal increase of 0.94% over the course of the month.
    March 1st Rate Rs.2,990 per gram
    March 31th Rate Rs.2,942 per gram
    Highest Rate in March Rs.2,994 per gram on March 4thand 5th
    Lowest Rate in March Rs.2,900 per gram on March 15th
    Overall Performance Decline
    Percentage Change -1.6%

    March 2017 - Week 1 (1st - 5th):

    • Gold opened at Rs.2,990 per gram of 24 Carat Gold.
    • Due to a steady demand from local jewelers Gold marginally rose to Rs.2,994 per gram on March 2nd morning and closed at Rs.2,992 per gram.
    • An expected rise in Federal interest rates saw the dollar strengthen, thereby, causing gold rates to plummet to Rs.2,961 on March 3rd.
    • An increase in demand by local jewelers saw Gold climb to Rs.2,972 per gram and close the week.

    March 2017 - Week 2 (6th - 12th):

    • Gold opened the second week of March at Rs.2,971 per gram of 24 Carat gold.
    • A weak trend globally and a drop in demand from local jewelers saw Gold fall to Rs.2,931 on March 8th.
    • The drop in Gold price rekindled demand for the precious metal as the US Dollar weakened, causing Gold price to recover to Rs.2,970 per gram on March 8th.
    • A strengthened US Dollar saw Gold stabilize at Rs.2,945 per gram on March 11th and March 12th.

    March 2017 - Week 3 (13th-19th):

    • Gold opened the third week at Rs.2,947 per gram of 24 Carat Gold.
    • A globally weak trend and an expected US Federal Interest Rate hike caused Gold to slip to a 30-day low of Rs.2,900 per gram on March 15th.
    • A gradual increase in demand for Gold allow it to climb to Rs.2,935 on March 17th.
    • At the end of the third week of March, Gold close at Rs.2,940 per gram on March 19th.

    March 2017 - Week 4 (20th - 26th):

    • The fourth week of March saw Gold opening at Rs.2,941 per gram of 24 Carat Gold.
    • An increased demand by local jewelers sees Gold climb to Rs.2,971 per gram on 22nd March.
    • Gold remained relatively stable and closed the week at Rs.2,964 per gram on March 26th.

    March 2017 - Week 5 (27th - 31st):

    • A steady demand from jewelers saw Gold open the fifth week at Rs.2,979 per gram of 24 Carat Gold.
    • An expected US Federal Interest Rate hike saw Gold fall to Rs.2,962 per gram on March 29th.
    • A globally weak trend saw Gold further slip to Rs.2,942 per gram on March 31st.
    February 1st Rate Rs.2,957 per gram
    February 28th Rate Rs.3,001 per gram
    Highest Rate in February Rs.3,014 per gram on 25th and 26th February
    Lowest Rate in February Rs.2,940 per gram on 3rd February
    Overall Performance Rise
    Percentage Change 1.48%

    February ‘17 - Week 1 (1st to 5th)

    • Based on market trends, there was a definite rise in the rate of gold as the month of February progressed in Trichy. This could be attributed to the heavy demand for this precious metal.
    • The price of gold on the 1st of February was Rs.2,957 per gram which was not very high as compared to the rate at the beginning of the previous month.
    • This rate was steady the next day as well due to sustained demand but reduced the next day to touch the monthly low of Rs.2,940 per gram.
    • The rate of gold increased by Rs.4 the next day to trade at Rs.2,944 per gram on the last two days of the week.

    February ‘17 - Week 2 (6th to 12th)

    • The price in Trichyof this precious metal in the second week of February also saw an increase due to demand from coin makers and the industrial sector with gold opening the week at Rs.2,954 per gram on 6th February.
    • Rates rose even further to trade at Rs.2,978 per gram on the 7th of February and increased further on the 8th to trade at Rs.2,989 per gram.
    • Rate of gold reduced to Rs.2,984 per gram on 9th February. This rate however, could not be sustained and reduced the next day to trade at Rs.2,946 per gram.
    • This metal traded at Rs.2,964 per gram on 11th February as a slight dip in demand led to prices falling initially and then increasing due to market recovery. Fluctuations were common during the second week of February.
    • This rate was steady the next day as well, on the last day of the week.

    February ’17- Week 3 (13th to 19th)

    • Rate of Gold in Trichy in the third week of February was subject to market fluctuations due to varying cues from international and domestic markets.
    • Gold traded at Rs.2,959 per gram on 13th February and reduced to Rs.2,953 the next day due to variations in the demand.
    • Price of gold continued to reduce the next day as well due to low demand.
    • Prices steadied in the next few days, as gold traded at Rs.2,980 per gram on the 16th February.
    • Price of gold increased to Rs.2,990 per gram on the 17th due to positive cues.
    • Due to stable markets and demand, price of gold stabilised to Rs.2,980 per gram on the last two days of the week.

    February ’17- Weeks 4 & 5 (20th to 28th)

    • There were a number of fluctuations noted in the rate of gold in Trichy during the last week of the month.
    • Gold traded at Rs.2,976 per gram on 20th of February, before falling to Rs.2,967 per gram on the 21st of February due to a reduction in the demand for this precious metal.
    • Prices steadied over the rest of the week, as demand increased slightly with gold trading at Rs.3,000 per gram on 24th of February.
    • A rise in industrial demand from Asia led to gold prices shooting up to Rs.3,014 per gram on the 25th and 26th February. This was also the highest rate at which gold traded for the month of February.
    • At the end of the month, gold closed at Rs.3,001 per gram and recorded a rise of 1.48% in gold rates throughout the month.
    January 1st Rate Rs.2,821 per gram
    January 31st Rate Rs.2,942 per gram
    Highest Rate in January Rs.2,974 per gram on 24th January
    Lowest Rate in January Rs.2,821 per gram on 1st January
    Overall Performance Incline
    Percentage Change 4.28%

    January 2017 - Week 1 (1st - 7th):

    • When 2017 began on January 1st, gold was trading at Rs.2,821 per gram before increasing to Rs.2,828 per gram on 2nd.
    • Due to an increase in demand, prices went up to Rs.2,857 per gram on 4th and then went up to Rs.2,858 per gram on 5th.
    • Prices increased to hit Rs.2,868 per gram on 6th as uncertainty grew over Donald Trump’s travel ban..
    • When week 1 ended on 7th, gold prices were holding Rs.2,872 per gram - a Rs.3 increase from the previous day.

    January 2017 - Week 2 (8th-14th):

    • On 8th, gold prices remained the same as on 7th at Rs.2,872 per gram.
    • The 8th saw prices increase by Rs.6 to bring gold prices up to to Rs.2,878 per gram.
    • Prices were on the rise and on 11th prices increased significantly by Rs.19 to bring gold prices up to Rs.2,914 per gram.
    • Rates went up again on the 12th as well - by Rs.21 - to bring price up to Rs.2,935 per gram.
    • Despite a dip on 13th, gold rates gained to end week 2 at Rs.2,941 per gram.

    January 2017 - Week 3 (15th - 21st):

    • When 15th began gold was still trading at Rs.2,941 per gram.
    • The 15th saw gold prices increase slightly to Rs.2,955 per gram before increasing again on 16th to reach Rs.2,969 per gram.
    • On 19th, prices fell significantly by Rs.20 to bring gold rates down to Rs.2,951 per gram.
    • When week 3 ended, gold prices had gained to end the 21st at Rs.2,962 per gram.

    January 2017 - Week 4 and 5(22nd - 31st):

    • The last two week of January saw prices increase steadily owing to high demand for the yellow metal.
    • On 23rd gold was trading at Rs.2,970 per gram and increased again on the 24th to reach the highest rate for the month at Rs.2,974 per gram.
    • From 25th to 27th, prices fell considerably as they first went down to Rs. Rs.2,951 per gram and ended up at Rs.2,911 per gram on 27th.
    • After a brief fall in prices, they increased over the last four days of January to end the month at Rs.2,942 per gram.
    • January saw gold prices increase by 4.28% compared to that of the previous month.

    Where to Buy Gold in Trichy?

    Trichy boasts of several jewelry showrooms such as Mangal & Mangal Thanga Maligai, Lalithaa Jewellery, New Lakshmi Jewellery GRT Jewellers, L K S Jewel House and Maalyaa Designer jewellery among others.

    Also Check Gold Price in NearBy Cities of Trichy

    Gold Rate In Erode Gold Rate In Tirunelveli Gold Rate In Vellore
    Gold Rate In Tuticorin Gold Rate In Thanjavur Gold Rate In Dindigul
    Gold Rate In Karur Gold Rate In Hosur Gold Rate In Nagercoil
    Gold Rate In Chennai Gold Rate In Coimbatore Gold Rate In Madurai
    Gold Rate In Salem
    Also Know: Silver Rate in Trichy

    Read more on Gold

    News About Trichy Gold Rate

    • Planning Commission suggests tax cuts on gold, revising monetization scheme

      A committee of the Planning Commission has suggested drastic cuts in taxes on gold and has also advised a more liberalized approach towards the metal to increase its contribution to the GDP to 3% by 2022. The committee headed by Ratan P Watal, principal advisor and former union finance secretary, gave its report to the finance ministry on February 26. While the government has not made the report public, sources report that the panel has advised a sharp reduction in all taxes on the gold business, including import duty and GST. Illegal gold imports have varied between 100 and 150 tonnes annually in the last few years and an overall reduction in the tax structure is important to stop smuggling of gold, states the report.

      The committee had several rounds of discussions and went to quite a few subject experts before the final report was handed over in December, 2017.  Focus areas in the report, apart from reducing taxes are encouraging gold mining in India, responsible sourcing, and good delivery of dore (unrefined) gold, making Indian standards of gold refined by Indian refineries, and setting up a Gold Board with a set of powers as a single-window agency to provide solutions to various issues.

      6 March 2018

    • Gold Breaks 2-day Losing Streak

      Gold prices rose by 1% in global markets on Tuesday, breaking a 2-day losing streak as stock markets in Asia fell on the back of falling oil prices and the Fed’s interest review outlook was mixed. The Nikkei in Japan fell by 2.4%.

      The US growth data showed lower than expected spending on capital goods while there was also drop in orders for manufactured things.

      6 April 2016

    • Spot gold falls as the dollar rises

      Spot gold fell to $1242.60 per tonne after seeing a 14-month peak of $1282.51. Experts feel that the upcoming Easter holiday might help the market consolidate. Experts feel that the central banks of various countries are not left with any more easing steps to help gold. Despite the relative slow growth of the US economy, experts see signs of rising inflation. Other precious metals like platinum and palladium saw a decrease of half per cent in their value.

      22 March 2016

    • Gold prices up on account of weak dollar

      Gold prices continued to crawl their way up, with a weak dollar giving them the much needed stimulus. Prices were up by 0.94%, as gold traded at Rs 29,616 for 10 grams on the MCX. Current indications hint at gold trading in the range of Rs 29,080 and Rs 29,950 per 10 grams today, with an increase in costs expected.

      4 March 2016

    • Gold prices hit a new 2 year high

      The price of gold went up to Rs. 56,000 for a tola, this was a Rs. 300 hike from the price on Tuesday. The increase of this magnitude was last seen in March 2014. The demand has risen drastically for the precious metal in the last few weeks, as it has proved to be a safe-haven assets when compared to the risks of the equities markets. The international market trends, determine the the domestic rate of gold. Even investors are focusing of Gold ETFs since the inflows of this year itself has surpassed the outflows of the entire year of 2015. Gold has been the best performing asset of the year, silver as well eased in the international markets by 0.3% the price however, remained steady at Rs. 735 for a tola in the domestic market.

      25 February 2016

    • Gold at its highest since 2011

      Gold gained for the eighth day straight with investors seeking the precious metal as a safe haven, at a point when there is instability in the financial market. Though liquidity was slow in Asia, gold rallied its highest in the bullion market.

      Spot gold prices increased by 0.2% at $1,193 an ounce. On Monday February 08, 2016, the price of the yellow metal rose as high as $1,200.60, its strongest since June 22 last year. In case gold sustains its gains later on Tuesday, it would be its longest rally since an 11-day run in July 2011.

      09 February 2016

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