|Parameters||Gold Price(24 karat)|
|Gold Rate on 1st October 2017||Rs.3,040 per gram|
|Gold Rate on 31st October 2017||Rs.2,996 per gram|
|Highest Rate in October 2017||Rs.3,059 per gram from 14 to 15 October|
|Lowest Rate in October 2017||Rs.2,996 per gram on 31 October|
|Overall Monthly Performance||Decline|
October 2017-Week 1 (1st to 8th)
- As the month commenced, gold at Bhubaneswar was priced Rs.3,040 per gram.
- Over the course of the week, gold prices fell. This was mostly due to the strong US dollar and equity market.
- The gold price in Bhubaneswar dipped by Rs.43 per gram and touched Rs.2,997 per gram on 6 October.
- There has been a slight rise in the gold price in Bhubaneswar to Rs.3,102 per gram due to slight rise in the local demand.
- For the last two days of the week, the yellow metal was priced Rs.3,017 per gram. The lack of demand from the retailer, buyers and jewellers together influenced the gold to be traded at low price, for the fifth consecutive session.
October 2017-Week 2 (9th to 15th)
- On the second week, gold traded at the highest price and touched the maximum..
- The first day has the record of gold traded at Rs.3,027 per gram, only before it jumped up to Rs.3,033 per gram and was steady at that price for almost two days.
- The sudden rise in the gold price in Bhubaneswar was the nearing festive season. Moreover, North korea’s rising nuclear power has increased volatility in the US market.
- The war of words between two nations has helped the precious metal to be priced Rs.3,059 per gram on 15 October.
- The impacts of Hurricane IRMA and Harvey as well as rising geopolitical tension has resulted the gold prices in Bhubaneswar to edge up.
October 2017-Week 3 (16th to 22nd)
- Amid the festive season, gold prices dropped exponentially, due to the strong US dollar and equity market.
- Gold rate in Bhubaneswar was at Rs.3,034 per gram on the first day of the week.
- The losing appeal of the pure metal due to the rising popularity of the silver, home and car further dropped the gold price in Bhubaneswar to Rs.3,017 per gram on 19 October and was stable until 22 October.
October 2017-Week 4 & Week 5 (23rd to 31st)
- The week began with gold traded at Rs.3,009 per gram.
- As the week progressed, the prices fell drastically. The declining Gold Exchange traded fund and bounced equity linked savings scheme resulted the prices to inch down.
- Demand for the metal went down towards the end of the week and touched gold price in in Bhubaneswar at Rs.2,996 per gram due to the subdued demand from the industry.
|Parameters||Gold Price(24 karat)|
|Gold rate on 1st September 2017||Rs.2,995 per gram|
|Gold rate on 30th September 017||Rs.3,040 per gram|
|Highest Rate in September||Rs.3,100 per gram on 8 September|
|Lowest Rate in September||Rs.2,995 per gram on 1 September|
|Overall Monthly Performance||Incline|
September 2017 - Week 1 (1st-10th)
- When the week began in Bhubaneswar, gold traded at Rs.2,995 per gram on the 1st.
- Prices rose marginally to Rs.2,997 per gram on the 2nd with a slight increase in local demand.
- Gold rates in Bhubaneswar remained untouched at Rs.2,997 per gram due to steady demand from investors and retailers.
- Global markets crashed as the US-North Korea relations worsened. This led to gold rates rise to Rs.3,073 per gram on the 4th.
- Rates rose further to Rs.3,084 per gram on the 5th, and to Rs.3,088 per gram on the 6th as North Korea began testing powerful nuclear weapons.
- However, prices dropped the next day to Rs.3,071 per gram due to decreased purchases.
- Safe haven investments witnessed a rise following the North Korean nuclear tests. This led to gold rates touching a monthly high figure of Rs.3,100 per gram on the 8th.
- Gold prices in Bhubaneswar dipped to Rs.3,095 per gram on the 9th and the 10th as demand for the metal subsided marginally.
September 2017 - Week 2 (11-17):
- The second week witnessed gold rates fluctuating as the week progressed.
- The week opened with gold trading at Rs.3,074 per gram on the 11th as a result of reduced demand from jewellers and local traders.
- Stock markets crashed as the US-North Korea relations worsened. However, demand for the precious metal declined and prices dropped to Rs.3,051 per gram on the 12th.
- Gold prices in Bhubaneswar rose to Rs.3,064 per gram on the 13th before sliding to Rs.3,050 per gram on the 14th with jewellers and retail customers suspending their purchases.
- Rates stayed static at Rs.3,050 per gram for the remainder of the week owing to steady demand for the metal.
September 2017 - Week 3 (18th-24th)
- The third week saw gold start on a low note at Rs.3,041 per gram on the 18th as the US dollar value strengthened.
- Gold price in Bhubaneswar dropped further to Rs.3,023 per gram on the 19th awaiting disclosure on the latest Federal Reserve meetings.
- With the festive season arriving, gold rates rose to Rs.3,045 per gram on the 20th.
- Demand for the precious metal receded against the strong US dollar. This resulted in gold trading at Rs.3,018 per gram on the 21st.
- Gold trade bounced back to Rs.3,045 per gram on the 22nd as investments rose due to the US-North Korea conflicts.
- Prices remained unchanged at Rs.3,045 per gram on the 23rd and the 24th, thanks to steady domestic demand for the metal.
September 2017 - Week 4 (25th-30th)
- The final week in Bhubaneswar saw gold start at Rs.3,020 per gram on the 25th.
- With the festive season having begun, demand for gold rose immensely and prices surged to Rs.3,081 per kg on the 26th.
- However, gold rates in Bhubaneswar dropped to Rs.3,055 per gram on the 27th with the dollar going strong.
- With the US economy having bounced back and investors suspending purchases, prices slid to Rs.3,036 per gram on the 28th, and to Rs.3,028 per gram on the 29th.
- The last week ended with gold trading at Rs.3,040 per gram on the 30th.
|Parameters||Gold Price(24 karat)|
|August 1 Rate||Rs.2,931 per gram|
|August 31 Rate||Rs.2,965 per gram|
|Highest Rate in August||Rs.2,980 per gram on 29 August|
|Lowest Rate in August||Rs.2,900 per gram from 5-8 August|
|Overall Monthly Performance||Incline|
August ‘17- Week 1 (1st to 6th)
- Gold prices were on the decline in the first week of August in Bhubaneswar as stable markets led to a drop in demand.
- The yellow metal traded at Rs.2,931 per gram on 1 August before falling to Rs.2,901 per gram on 3 August as a result of declining interest in bullion.
- Gold rate in Bhubaneswar fluctuated for the rest of the week as gold traded at Rs.2,913 per gram on 4 August after a marginal increase in demand from Asian markets.
- A rally by the markets and the impending release of U.S. jobs data led to gold prices falling to Rs.2,900 per gram on 5 & 6 August.
August ‘17- Week 2 (7th to 13th)
- Gold price in Bhubaneswar rose marginally in the second week, though gold opened the week at Rs.2,900 per gram on 7 August.
- Trading in the precious metal increased resulting in the price rising to Rs.2,908 per gram on 9 August.
- With markets falling after dismal employment data and renewed rhetoric regarding the building of a wall near the Mexican border, demand for gold rose as the price shot up to Rs.2,944 per gram on 10 August.
- Demand continued to rise as local industry also increased orders as gold reached Rs.2,977 per gram on 12 & 13 August.
August ‘17- Week 3 (14th to 20th)
- Prices stabilised after the late rally in the previous week, with gold trading at Rs.2,968 per gram on 14 August.
- Interest in the metal fell in spite of favourable market conditions, as retail consumers were put off by the high price.
- Gold rate in Bhubaneswar dropped to Rs.2,951 per gram on 16 August but recovered as the week progressed to trade at Rs.2,972 per gram on 18 August.
- A drop in demand from American industry led to gold falling to Rs.2,951 per gram on 19 & 20 August.
August ‘17- Week 4 (21st to 27th)
- The decline in price continued in the fourth week as gold traded at Rs.2,944 per gram on 21 August.
- A sudden drop in the U.S. dollar rate led to an increase in demand from overseas, leading to gold trading at Rs.2,958 per gram on 22 August.
- Local demand was stable but muted as gold recorded marginal increases in price to Rs.2,967 per gram on 25 August.
- Prices remained unchanged as the week drew to a close as gold traded at Rs.2,967 per gram on 27 August in spite of fluctuations in the dollar rate and unstable markets.
August ‘17- Week 5 (28th to 31st)
- A drop in price was recorded as gold traded at Rs.2,942 per gram on 28 August, attributed to a decline in demand from overseas industry.
- Prices rebounded to trade at Rs.2,980 per gram on 29 August as the fear of a nuclear war with North Korea led to U.S. markets crashing and the dollar weakening.
- Demand was stable as the week ended, with gold price in Bhubaneswar at Rs.2,973 per gram on 30 August.
- A slight dip in demand was observed on the last day of the month as gold traded at Rs.2,965 per gram.
|Parameters||Gold Price(24 karat)||July 1 Rate||Rs.2,950 per gram|
|July 31 Rate||Rs.2,920 per gram|
|Highest Rate in July||Rs.2,950 per gram on 1 and 2 July|
|Lowest Rate in July||Rs.2,800 per gram on 14 July|
|Overall Monthly Performance||Decline|
July 2017 - Week 1 (1st - 9th)
- In Bhubaneswar, Odisha’s capital, gold traded at Rs.2,950 per gram on the 1st of July.
- As demand remained steady from local buyers, prices remained unchanged on the 2nd of the month.
- However, as Independence Day mood in the US set in, gold rates elsewhere took a dip.
- Prices went down to Rs.2,940 per gram on the 3rd due to a slightly improved dollar.
- The 4th of July saw gold prices in Bhubaneswar dip considerably to Rs.2,914 per gram before going down to Rs.2,908 per gram on the 5th.
- Gold price in Bhubaneswar increased slightly to hit Rs.2,910 per gram on the 6th but slipped on the 7th for the metal to trade at Rs.2,892 per gram .
- Gold rates dipped again on the 8th to go down to Rs.2,869 per gram and continued at the same rate when the week came to an end on the 9th of July.
July 2017 - Week 2 (10th - 16th)
- The second week of July saw gold prices in Bhubaneswar dip for the most part, owing to steadily decreasing demand.
- On the 10th of the month, gold was trading at Rs.2,867 per gram, which then went down to Rs.2,824 per gram the next day.
- As domestic buyers remained wary of a strengthening dollar, gold rates dipped for the third consecutive day to reach Rs.2,815 per gram.
- This week saw gold rate in Bhubaneswar reach their lowest for the month of Rs.2,800 per gram as price corrections remained the dominant theme.
- However, the 15th saw prices increase considerably after tensions in the US led to a fall in the dollar value.
- During the last two days of July week 2, gold was selling at Rs.2,818 per gram.
July 2017 - Week 3 (17th - 23rd)
- When the third week began, gold prices had already improved for the yellow metal to trade at Rs.2,822 per gram.
- Gold gained back of its lost value this week as conflicts involving the US paved the way for a revival in demand.
- Gold rate in Bhubaneswar went up to Rs.2,833 per gram on the 18th and went up again on the 19th to Rs.2,850 per gram.
- Bullion rates improved gradually over this week and - by the end of the 23rd - rates had reached Rs.2,917 per gram - a massive Rs.95 gain over the course of seven days.
July 2017 - Week 4 (24th - 31st)
- The final week of July 2017 saw gold prices fluctuate but remain steady for the most part.
- When the week began on the 24th, the precious, yellow metal was priced at Rs.2,916 per gram - which briefly went down to Rs.2,899 on the 26th before bouncing back up.
- On the 27th, the metal’s prices went up to Rs.2,920 per gram - as demand remained bullish amidst concerns of a slowdown in the US economy.
- Price of gold in Bhubaneswar reached the highest of Rs.2,926 per gram for the week on the 29th before ending the month at Rs.2,920 per gram.
- The late flourish saw to it that gold price trends changed at a rate of -1.01% for this month.
|Parameters||Gold Price(24 karat)|
|June 1 Rate||Rs.2,985 per gram|
|June 30 Rate||Rs.2,967 per gram|
|Highest Rate in June||Rs.3,030 per gram on 7 June|
|Lowest Rate in June||Rs.2,940 per gram on 20 June|
|Overall Monthly Performance||Decline|
June ‘17- Week 1 (1 to 4)
- Gold prices for Bhubaneshwar fluctuated in the first week of June but ended on a high due to increased demand from the industrial sector.
- Gold traded at Rs.2,985 per gram on 1 June before falling sharply to Rs.2,964 per gram on 2 June.
- Local demand helped boost prices as jewellers and retailers increased orders in anticipation of higher rates after the implementation of GST.
- Gold prices rose to Rs.2,998 per gram on 3 June and the price remained unchanged as the week ended on 4 June.
June ‘17- Week 2 (5 to 11)
- Market fluctuations as well as internal tensions led to a dip in the U.S. dollar rate and a plunge in the stock markets, which led to an increase in gold demand.
- The yellow metal traded at Rs.3,012 per gram on 5 June on the back of strong demand from investors as well as industry as currency markets were unstable.
- Prices rose to their monthly high of Rs.3,030 per gram on 7 June as local demand also rose due to positive cues from overseas.
- As the week progressed, demand dropped slightly as stock markets began to recover from their earlier poor performance, with gold prices falling to Rs.3,017 per gram on 8 June.
- Prices fell further as the week ended, with gold trading at Rs.2,981 per gram on 11 June due to a sharp drop in demand.
June ‘17- Week 3 (12 to 18)
- As markets recovered and currency markets stabilised, demand for gold fell further, with the metal trading at Rs.2,975 per gram on 12 June.
- Prices rose marginally to trade at Rs.2,979 per gram on 14 June but soon fell as positive data from the United States led to a rally by stock markets globally.
- Gold was priced at Rs.2,957 per gram on 16 June amidst a slowdown in industrial demand for the metal.
- Prices rose Rs.2,955 per gram on 18 June but the overall trend was one of a drop in demand.
June ‘17- Week 4 (19 to 25)
- The downward slide in the price of gold continued in the fourth week as the metal traded at Rs.2,949 per gram on 19 June.
- Sharp cuts in orders led to prices falling to their lowest rate of Rs.2,940 per gram on 19 June, though demand from local jewellers led to prices rising as the week progressed.
- Asian demand for gold also helped raise prices, as gold traded at Rs.2,958 per gram on 23 June.
- Stable and consistent demand from jewellers as well as a rise in demand from retailers led to gold ending the week trading at Rss.2,964 per gram on 25 June.
June ‘17- Week 5 (26 to 30)
- WIth the imposition of GST not far off, demand for gold increased as markets were apprehensive of the switch to the new system.
- Gold traded at Rs.2,977 per gram on 26 June but fell to Rs.2,940 per gram on 27 June due to a rally by the U.S. dollar which led to a lowering of demand overseas.
- The unstable Indian stock market led to investors rushing to invest in bullion, which raised gold’s valuation to Rs.2,967 per gram on 28 June.
- Apart from a minor fluctuation, prices were stable as the month ended, with gold trading at Rs.2,967 per gram on 30 June, though prices fell by 0.60% over the course of the month.
|Parameters||Gold Price(24 karat)|
|May 1st Rate||Rs.2,984 per gram|
|May 31st Rate||Rs.2,963 per gram|
|Highest Rate in May||Rs.2,984 per gram on the 1st May|
|Lowest Rate in May||Rs.2,890 per gram on 15th May|
May 2017 - Week 1 (1st-7th):
- As Bhubaneswar Isn't a particularly big gold-consuming city, 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 by Rs.29 as local demand took a hit way more than expected and fell again on the 3rd to reach Rs.2,950 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.2,910 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 appraised to Rs.2,903 per gram as there was a slight increase in demand towards the weekend.
- Rates were the same on the 9th as well but fell to Rs.2,899 per gram on the 10th as demand again went down after that brief incline.
- 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.2,890 per gram.
- After that minor increase broke the fall, gold rates went up again 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.2,890 per gram.
- On the 15th, however, gold prices surged to Rs.2,894 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 by Rs.46 to end at Rs.2,956 per gram.
- A sudden increase on the 18th was followed by a drop on the 19th as gold prices went down to Rs.2,949 per gram.
- Prices went up again on the 19th as there was some increase in local demand to reach Rs.2,954 per gram and remained unchanged on the 21st as well.
May 2017 - Week 4 (22nd - 28th):
- Prices had fallen by Rs.7 when week 4 began as gold was seen trading at Rs.2,947 per gram on the 22nd.
- On the 23rd, gold prices rose significantly to Rs.2,979 per gram - a Rs.32 increase from the previous day.
- As the demand couldn’t be sustained on the 24th, prices went down to Rs.2,963 per gram and remained at the same rate on the 25th.
- Bullion rates dropped again on the 26th to go down to Rs.2,958 per gram before going back to Rs.2,979 per gram on the 27th.
- 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 before increasing by Rs.7 to go up to Rs.2,984 per gram.
- Rates dropped by Rs.19 on the last day of the week to Rs.2,963 per gram as demand in the local market wasn’t strong enough.
- In Bhubaneswar, gold prices went down by 0.70% for the month of May.
|Parameters||Gold Price(24 karat)|
|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 from 8th-10th April|
April ’17- Week 1 (1st to 9th)
- The price of gold steadily appreciated during the first week of April as demand for the precious metal rose following a period of market instability.
- Gold traded at Rs.2,956 per gram on 1st April and rose to Rs.2,983 per gram on 5th April as markets took a beating due to falling investor sentiment following poor employment data.
- An increase in demand from industrial units also led to a spurt in the price of gold, as the U.S. Dollar slid against global currencies.
- Prices dipped as the week ended as local demand began to drop, with gold trading at Rs.2,954 per gram on 9th April.
April ’17- Week 2 (10th to 16th)
- Political turmoil led to markets dropping, which bolstered demand for gold in the second week of April.
- Gold traded at Rs.2,954 per gram on 10th April, with the price jumping to Rs.3,010 per gram on 12th April as industrial demand peaked due to a plummeting U.S. Dollar making exports cheaper.
- Prices continued to rise during the week as domestic demand also followed global trends, as gold traded at Rs.3,031 per gram on 14th April.
- Strong demand from Asia and rising demand from investors kept prices high as the week ended, with gold priced at Rs.3,040 per gram on 16th April.
April ’17- Week 3 (17th to 23rd)
- Prices began to stabilise as the third week began, with gold trading at Rs.3,034 per gram on 17th April as the U.S. Dollar recouped some of its losses.
- Industrial demand also began to normalise, which resulted in prices falling marginally due to a reduction in overseas demand.
- Local demand kept prices more or less constant as jewellers hoped for higher sales volumes on account of Akshaya Tritiya.
- Gold traded at Rs.3,020 per gram on 20th April but rose as the week ended to trade at Rs.3,035 per gram on 23rd April.
April ’17- Week 4 (24th to 30th)
- The last week of April saw prices fluctuate due to a decline in demand, as markets stabilised and investors moved out of safe haven investments.
- Gold traded at Rs.3,012 per gram on 24th April, with the price falling steadily throughout the week on poor industrial demand.
- Gold traded at Rs.2,964 per gram on 26th April, with European markets rising as French presidential runoff appeared to be won by an Euro-centric candidate.
- Prices rose marginally as the week progressed, with gold prices recorded at Rs.2,984 per gram on 30th April for an overall gain in price of 0.94%.
|Parameters||Gold Price(24 karat)|
|March 1st Rate||Rs.2,990 per gram|
|March 31st Rate||Rs.2,940 per gram|
|Highest Rate in March||Rs.2,994 per gram on 2nd March|
|Lowest Rate in March||Rs.2,900 per gram on 15th of March|
March ‘17 - Week 1 (1st to 5th)
- Gold rate in Bhubaneswar was relatively low as compared to the rates noted in other cities of India. Gold opened at Rs.2,990 per gram on the first of March before increasing by Rs.4 the next day.
- Rate of gold on the 2nd of March was the highest at which gold traded at for the month of March in Bhubaneswar.
- Rate of gold in Bhubaneswar reduced on Rs.2973 per gram on the 3rd of March due to low demand for this precious metal from jewellers.
- As the week continued, the rate of gold continued to plunge and traded at Rs.2,972 per gram on the last two days of the week.
March ‘17 - Week 2 (6th to 12th)
- Rate of gold on the first day of the second week of March was lower than that of the previous week.
- Due to a rise in the rate of the U.S. Dollar, rate of gold plunged to a weekly low of Rs.2,949 per gram on the 7th of March before recovering the next day to trade at Rs.2,970 per gram.
- This recovery could not be sustained however, and the rate of gold fell again to trade at Rs.2,951 per gram on the 10th.
- Gold rate in Bhubaneswar fluctuated towards the end of the week to finally trade at Rs.2,945 per gram on the 11th and continuing on the 12th as well.
March ’17- Week 3 (13th to 19th)
- Rate in the third week of March was slightly higher than that of the previous week. On the 13th,gold traded at Rs.2,949 per gram.
- This price of gold in Bhubaneswar could not be sustained however and rate of gold fell to Rs.2,933 per gram on the 14th of March before plunging to a monthly low of Rs.2,900 per gram.
- There was a marginal improvement noted in the rate of gold as the week progressed.
- Price of gold in Bhubaneswar varied between Rs.2,928 and Rs.2,940 per gram between the 16th and 18th of March.
- On the last day of the third week of March, the rate of gold was Rs.2,940 per gram on account of low but steady demand for this precious metal.
March ’17- Weeks 4 (20th to 26th)
- This precious metal traded at Rs.2,947 per gram on the first day of the fourth week of March. There were a number of fluctuations noted in the rate of gold as the week progressed.
- A high demand for gold from domestic markets and positive market cues world over resulted in the rate of gold increasing to Rs.2,971 on the 22nd of March and continued to increase on the 23rd as well.
- However, this demand could not be sustained and the rate of gold steadily reduced thereafter.
- On the last day of the week, the rate of gold was Rs.2964 per gram.
March ’17- Weeks 5 (27th to 31st)
- The rate of gold was steady at Rs.2,977 per gram due to increased but stable demand for this precious metal from jewellers as well as markets in both India and abroad.
- However, this demand could not be sustained and fell to Rs.2,971 per gram on the 28th and 29th of March.
- As the week progressed the rate of gold continued to decline.
- A monthly decline of 1.67% was noted in the rate of gold during the month of March.
|Parameters||Gold Price(24 karat)|
|February 1st Rate||Rs.2,965 per gram|
|February 28th Rate||Rs.3,003 per gram|
|Highest Rate in February||Rs.3,014 per gram on 25th & 26th February|
|Lowest Rate in February||Rs.2,944 per gram on 4th & 5th February|
February ‘17 - Week 1 (1st to 5th)
- The price of gold in Bhubaneshwar declined in the first week of February due to a decrease in industrial demand and stagnant local demand.
- Gold was priced at Rs.2,965 per gram on 1st February but prices fell to Rs.2,954 per gram on 2nd February as local demand fell drastically.
- While international demand was muted as investors waited for the outcome of the Fed Reserve meeting, domestic demand fell, resulting in gold trading at Rs.2,944 per gram on 4th February.
- Prices remained unchanged as the week ended, with gold trading at Rs.2,944 per gram on 5th February to record a loss of Rs.21 per gram for the week.
February ‘17 - Week 2 (6th to 12th)
- Gold prices rose in the second week, as market fluctuations led to increased demand for the metal.
- Gold was priced at Rs.2,955 per gram on 6th February, rising to Rs.2,980 per gram on 7th February as the U.S. Dollar plunged on news that a rate hike was not immediately forthcoming.
- Prices were more or less constant for the next few days, rising to Rs.2,964 per gram on 11th February as industrial demand rose.
- Gold ended the week trading at Rs.2,964 per gram on 12th February, recording a Rs.9 per gram increase in price over the week.
February ’17- Week 3 (13th to 19th)
- The third week of February saw the price of gold rise towards the middle of the week, as market fluctuations kept prices unstable.
- Gold traded at Rs.2,959 per gram on 13th February, with the price falling to Rs.2,947 per gram on 15th February due to a dip in demand from Asian markets.
- Prices recovered to trade at Rs.2,975 per gram on 16th February, rising further to trade at Rs.2,988 per gram on 17th February.
- Slight fluctuations in demand led to gold ending the week trading at Rs.2,980 per gram on 19th February, recording an increase of Rs.21 per gram during the week.
February ’17- Weeks 4 & 5 (20th to 28th)
- Prices fluctuated wildly in the last two weeks as demand was subject to market volatility.
- Gold was priced at Rs.2,976 per gram on 20th February, falling to Rs.2,973 per gram on 22nd February.
- A rise in domestic demand led to gold trading at Rs.2,995 per gram on 24th February.
- A sudden dip in the U.S. Dollar rate led to increased demand from the industrial sector, resulting in gold trading at Rs.3,014 per gram on 25th February.
- Prices fluctuated marginally as the month ended, resulting in gold trading at Rs.3,003 per gram on 28th February to record an overall increase in price of 1.28%.
|Parameters||Gold Price(24 karat)|
|January 1st Rate||Rs.2,821 per gram|
|January 31st Rate||Rs.2,954 per gram|
|Highest Rate in January||Rs.2,976 per gram on 25th January|
|Lowest Rate in January||Rs.2,821 per gram on 1st January|
January 2017 - Week 1 (1st - 7th):
- Contrary to the last quarter of 2016, gold prices seemed to increase in January from the get go.
- On 1st, gold was seen trading at Rs.2,821 per gram, which happened to the lowest rate for the month.
- Prices increased by Rs.3 per gram on the 2nd to end the business day at Rs.2,824 per gram.
- Rates went up on 3rd as well to reach Rs.2,836 per gram and then to Rs.2,846 per gram on 4th.
- By the time, week 1 ended, gold prices in Bhubaneswar was holding at Rs.2,872 per gram, thanks to an increase in demand.
January 2017 - Week 2 (8th - 14th):
- Gold prices were still the same as 7th, when week 2 began on the 8th, which was Rs.2,872 per gram.
- The 9th saw prices increase by Rs.4 to trade at Rs.2,876 per gram.
- Barring a slight decrease on 13th, gold prices were largely on the incline thanks to growing demand in the country.
- Prices went from Rs.2,892 per gram on 10th to Rs.2,909 per gram on 11th, and ended the week at Rs.2,941 per gram.
January 2017 - Week 3 (15th-21st):
- Prices continued on their upward trend during week 3 despite some minor blips along the way.
- Gold was trading at Rs.2,941 per gram, which went up to Rs.2,954 on 16th and then to Rs,2,963 per gram on 17th.
- The 19th and 20th saw prices dip and go down to Rs.2,951 per gram as global demand went down for a brief period.
- On 21st, prices returned to normalcy as they went up to Rs.2,962 per gram.
January 2017 - Week 4 and 5 (22nd - 31st):
- The last two weeks of January 2017 saw gold prices fluctuate considerably.
- The first three days saw gold prices increase as week 4 started with gold trading at Rs.2,962 per gram which then went up to Rs.2,978 per gram.
- However, due to confusion over Donald Trump’s travel ban prices seemed to go down significantly over the next few days.
- Prices went from Rs.2,976 per gram on 24th to Rs.2,954 per gram on 31st.
- Overall, gold prices went up for the entire month at a rate of 4.71% for January.
|December 1st Rate||Rs.2,893 per gram|
|December 31st Rate||Rs.2,821 per gram|
|Highest Rate in December||Rs.2,892 per gram on the 2nd|
|Lowest Rate in December||Rs.2,767 per gram on the 22nd|
December 2016 - Week 1 (1st to 4th):
- As the year was ending and with new year and Christmas looming large, gold prices in Bhubaneswar didn’t see any major decline.
- On the first day of the month, at 1st, gold was trading at Rs.2,893 per gram.
- The 2nd saw gold prices increase to the highest rate for the entire month, to Rs.2,895 per gram
- On 3rd and 4th, gold prices slumped down slightly for the metal to trade at Rs.2,890 per gram.
December 2016 - Week 2 (5th to 11th):
- On 5th and 6th, gold was trading at Rs.2,893 per gram as it saw prices increase by Rs.3 compared to the previous week.
- The 7th witnessed gold prices drop by a huge margin of Rs.29 trading rate plummeted to Rs.2,864 per gram.
- Prices increased slightly on the 8th to Rs.2,871 per gram and decreased by Rs.20 to hit Rs.2,851 on 9th.
- The 10th saw prices decrease yet again by Rs.15 to Rs.2,836 per gram.
- At the end of the week, on the 11th, gold prices were seen trading at Rs.2,836 per gram.
December 2016 - Week 3 (12th - 18th):
- As rumours about US Federal Reserve slashing rates began to spread, prices dropped significantly in the domestic market including Bhubaneswar.
- On 12th, gold trading began with a price of Rs.2,836 per gram but decreased by Rs.33 to trade at Rs.2,803 per gram during the 14th and 15th.
- The 16th saw prices decrease by Rs.20 to hit Rs.2,783 per gram until the end of the day.
- Last two days of the week saw prices climb and stabilise to trade at Rs.2,791 per gram.
December 2016 - Week 4 (19th - 25th):
- Gold traded at Rs.2,787 per gram when week 4 began on the 19th of December.
- The next day on the 20th, prices went up to Rs.2,788 before hitting Rs.2,789 per gram at the end of business day on the 21st.
- The 22nd and 23rd, however, witnessed a massive decrease of Rs.21 in prices as gold traded at Rs.2,768 per gram.
- During the last two days of the week on the 24th and 25th gold prices increased to hold out and trade at Rs.2,773 per gram.
December 2016 - Week 5 (26th - 31st):
- Although there was a minor slump in prices when trading began on 26th, the trend was largely upwards for the last few days of 2016.
- On 26th, gold was selling at Rs.2,767 per gram and increased by Rs.16 to trade at Rs.2,783 per gram
- The 28th saw prices increase by Rs.21 as gold traded at Rs.2,804.
- Again on 29th, gold prices increased to trade at Rs,2,819 and climbed further more to trade at Rs.2,834 on the 30th.
- The last day of the year, however, saw prices dip a little to cap off the price of gold for the year at Rs.2,821 per gram.
- All in all, the month of December witnessed a decline in price trend to the rate of -2.48%.
|1st Day||Rs.3,065 per gram|
|Last Day||Rs.2,942 per gram|
|Highest Price||Rs.3,166 per gram on 9th November|
|Lowest Price||Rs.2,914 per gram on 25th November|
November ‘16 – Week 1 (1st-6th)
- Gold traded at Rs.3,065 per gram on 1st November, with a slight increase in price the next day.
- On the 2nd of November, 2016, price of gold increased to Rs.3,101 per gram and rose further.
- There were minor variations in the rate of gold over the next few days.
- On the last day of the week, the price of gold was Rs.3,119 per gram, the same as it was during the previous day.
November ’16- Week 2 (7th-13th)
- The price of gold on the first day of week 2 was lower than the previous week’s price.
- Gold traded at Rs.3,095 per gram on 7th and decreased by Rs.20 on the 8th of November.
- A marginal increase was noted in the rate of this precious metal wherein gold traded at Rs.3,166 per gram. However, this increase was not sustained and rates declined again.
- On the last day of week 2, gold traded at Rs.3,059 per gram.
- The decline in prices could be attributed to Prime Minister Modi’s Demonetization announcement.
- Gold traded at its highest on the 9th of November, at Rs.3,166 per gram.
November ’16- Week 3 (14th-20th)
- On the first of day of the third week of November, the price of gold declined slightly to trade at Rs.3,054 per gram. This was a marginal decline as compared to the price that was noted on the last day of week 2.
- Minor variations were noted in gold rates throughout the week.
- On 18th, price of gold plunged to Rs.2,984 per gram.
- This low rate was sustained until the end of week 3.
November ’16- Week 4 (21st-27th)
- Low rate of gold continued until the 22nd after which a minor increase in gold prices was noted.
- There were very minor fluctuations noted during the week.
- On November 23rd, gold traded at Rs.3,001 per gram but fell again to Rs.2,945 per gram on 24th.
- The lowest rate of gold was noted on the 25th, which was Rs.2,914 per gram.
November ‘16 – Week 5 (28th-30th)
- Gold traded at Rs.2,951 per gram on 28th of November, after which prices declined further.
- On the 29th, gold traded at Rs. 2,946 per gram, which was the same as the previous day.
- Gold rate closed at Rs.2,942 per gram on the last day of the month which was a decline as compared to the beginning of the month.
- There was a decline of 4.01% in the rate of gold as compared to the beginning of the month.
|1st Day||Rs.3,152 per gram|
|Last Day||Rs.3,067 per gram|
|Highest Price||Rs.3,152 per gram on 1st and 2nd October|
|Lowest Price||Rs.3,021 per gram on 15th and 16th October|
October ‘16 – Week 1 and 2 (1st-9th)
- The price of gold in Bhubaneswar was Rs.3,152 per gram on 1st October as demand was high and markets were performing poorly.
- As the markers recovered, demand for gold fell, with prices dropping to Rs.3,025 per gram on 7th October.
- Speculation of a Fed rate hike led to markets strengthening, resulting in demand for gold falling.
- Gold was priced at Rs.3,026 per gram on 9th October, a decrease in price of Rs.126 per gram from the price at the beginning of the week.
October ’16- Week 3 (10th-16th)
- Gold prices rose as demand from jewellers increased, with gold trading at Rs.3,038 per gram on 10th October.
- The price fluctuated due to market instability, as industrial demand also increased marginally.
- A decline in price was seen as domestic demand dropped.
- Gold traded at Rs.3,021 per gram on 16th October, a decrease of Rs.17 per gram.
October ’16- Week 4 (17th-23rd)
- Gold traded at Rs.3,023 per gram on 17th October as demand was low.
- Prices rose during the week, with the international markets seeing greater trade volumes.
- The U.S. Dollar fell slightly as the chances of a Fed rate hike looked dim, leading to a spurt in demand for gold.
- The price of gold was Rs.3,046 per gram on 23rd October, an increase of Rs.23 per gram.
October ’16- Week 5 (24th-31st)
- Gold prices rose in the last week of October, trading at Rs.3,040 per gram on 24th October as demand slowly increased.
- A slump in markets brought about by the upcoming U.S. elections led to a surge in demand for gold.
- Prices rose throughout the week, with gold trading at Rs.3,067 per gram on 31st October, ending the month Rs.27 per gram higher than the price at the start of the week.
|1st Day||Rs.3,132 per gram|
|Last Day||Rs.3,169 per gram|
|Highest Price||Rs.3,195 on 8th September|
|Lowest Price||Rs.3,132 on 1st September|
September '16 – Week 1 (1st to 4th)
- Gold traded at Rs.3,132 per gram on the 1st of September.
- Investors became more interested in gold investment a the Fed rate hike was postponed for the time being owing to weak U.S. economic data.
- The festive season added to the stability in gold prices, this week.
- While gold recorded its lowest at Rs.3,132 per gram on 1st of September, it increased to Rs.3,150 per gram on 3rd and 4th September.
- Therefore, week 1 of September saw an overall increase in gold rates.
September '16 – Week 2 (5th to 11th)
- Gold closed at Rs.3,150 per gram on 5th of September.
- On 8th of September, gold reached its highest rate of the month at Rs.3,195 per gram.
- After reaching the peak, gold experienced a decrease by reaching at Rs.3,181 per gram on 10th and 11th of the month.
September '16 – Week 3 (12th to 18th)
- Week 3 experienced a continuous fall in gold prices. The rates are expected to remain volatile in the coming months.
- On 12th September, gold was recorded at Rs.3,171 per gram and closed at Rs.3,146 per gram on 18th September.
- Among the domestic and overseas traders, gold lost its appeal as a safe investment haven.
- Demand for gold from jewellers, stockists, retailers, and consumers remained dull in the domestic market.
September '16 – Week 4 (19th to 25th)
- While the U.S. Federal Reserve set aside plans for a rate hike owing to presidential elections coming near, gold prices saw a return in hike.
- The overseas gold market showed positivity, while bullish tendencies were on the rise.
- On 19th September, gold traded at Rs.3,160 per gram and climbed Rs.3,186 gram on 24th and 25th of September.
- Gold rates improved owing to positive trend overseas with increased domestic demand.
- Stability in gold prices were also achieved owing to the festive fervour.
September '16 - Week 5 (26th to 30th)
- On 26th September, gold traded at Rs.3,185 per gram.
- As sentiments in the global market turned bearish, gold rates experienced a downfall.
- Dollar gained strength as a result of the U.S. presidential elections.
- Gold traded at Rs.3,180 per gram and dropped to Rs.3,155 per gram on 28th September.
- Despite a fall in gold rates this week, overall month of September recorded an incline of 1.18%.
|First Day||Rs.3,215 per gram|
|Last Day||Rs.3,148 per gram|
|Highest Price||Rs.3,224 per gram on 3rd August|
|Lowest Price||Rs.3,148 per gram on 31st August|
August '16 - Weeks 1 (1st to 7th)
- Gold prices in the first week of August were high.
- Gold traded at Rs.3,215 per gram on 1st August.
- Prices climbed to the highest for the month on 3rd August trading at Rs.3,224 per gram.
- The inclination in gold prices can be attributed to a weak dollar on account of sluggish U.S. economic growth data.
August '16 - Week 2 (8th to 14th)
- With the dollar sliding down, investors were confident that a Fed rate hike would not take place any time soon.
- Gold traded at Rs.3,168 per gram on 8th August.
- As investors in the global market and jewellers in the domestic market flocked to buy gold, prices surged.
- The week closed at Rs.3,181 per gram on 14th August.
August '16 - Week 3 (15th to 21st)
- Gold traded at Rs.3,181 per gram on 15th August and started increasing as the week progressed.
- As the auspicious festivals of India approaches, coin makers and jewellers have increased their intake as they prepare to meet the increased demand in the near future.
- Gold touched its highest recorded price for the month on 18th August at Rs.3,207 per gram.
- Prices started to drop as the U.S. economic data indicated that the economy was strong enough to handle a Fed rate hike.
August '16 - Week 4 (22nd to 28th)
- Gold prices started to decline as the prospects of a Fed rate hike kicked off again.
- Gold traded at Rs.3,182 per gram on 22nd August.
- With the dollar firming up, gold rates slipped further.
- Gold shed Rs. 18 by the week and traded at Rs.3,164 per gram on 28th August.
August '16 - Week 5 (29th to 31st)
- U.S. policymakers pushed for the interest rate hike and stated that further delays could lead to other economic risks.
- Gold was seen trading at low rates of Rs.3,153 per gram on 29th August.
- By 31st August, the price had fallen to the lowest for this month, trading at Rs.3,148 per gram.
- A slump in domestic demand didn’t help, however demand is expected to pick up with the festival time approaching.
|1st July rate||Rs.3,127.50|
|31st July rate||Rs.3,214.00|
|Highest rate in July||Rs.3,214.00 on 30th and 31st|
|Lowest rate in July||Rs.3,115.50 on 21st|
|% Change||+ 2.76%|
July'16 - Week 1 (1st to 3rd)
- The month of July started with a slight decline in prices.
- Gold traded at Rs.3,127.50 on 1st July and dropped to Rs.3,124.50 till the end of the week.
- The decline can be attributed to the negative air that loomed over the global market owing to the Brexit vote.
July'16 - Week 2 (4th to 10th)
- Gold rates fluctuated but showed an overall increasing trend for week 2 owing to the safe-haven appeal of the investment.
- Gold traded at Rs.3,136 on 4th July and closed the week at Rs.3,162.50.
- It touched the highest rate on July 7th at Rs.3,179 on the back of investors’ expectations of monetary stimulus from the central banks in the wake of the Brexit vote.
- Gold dropped again as the U.S. released surprisingly positive non-farm job data. But domestic demand helped gold maintain its stability.
July'16 - Week 3 (11th to 17th)
- Gold opened week 3 trading at Rs.3,171.50 per gram on 11th July. This was the highest rate recorded for the week.
- Rates dropped through the week and closed at Rs.3,146 on 17th July.
- Decreased demnad in the domestic market as well as international cues led to a drop in prices.
- Gold recovered slightly towards the end of the week closing at Rs.3,146 per gram.
July '16 - Week 4 (18th to 24th)
- The week opened low at Rs.3,140.50 per gram on 18th July.
- Week 4 saw a few fluctuations with the highest for the week at Rs.3,147.50 per gram.
- As the dollar recovered, prices of gold slipped and closed the week at Rs.3,130 per gram.
July ‘16 - Week 5 (25th to 31st)
- Gold traded at Rs.3,120 on 25th July and then jumped up through the week.
- The week ended at its highest at Rs.3,214 per gram. Domestic demand helped rates remain steady.
- In the international market, the U.S. released unexpected strong economic data. The anticipation of an interest rate hike by the U.S. Federal Reserve sprouted.
|1st June rate||Rs.2,918|
|30th June rate||Rs.3,013|
|Highest rate in June||Rs.3,110 per gram on 16th June|
|Lowest rate in June||Rs.2,911 per gram on 3rd June|
Jun'16 - Week 1 (1st to 4th)
- Gold opened at Rs.2,918 per gram at the beginning of the week.
- There were minor fluctuations in the rate of gold throughout the week but did not cross Rs.3,000.
- There was a decrease noted in the price of gold on the 3rd at Rs.2,911 per gram which was also the lowest for the month.
Jun'16 - Week 2 (5th to 11th)
- The rate of gold in the second week fluctuated slightly but stayed in the same range.
- On the 5th, gold was priced at Rs.2,974 per gram but decreased by Rs.4 the next day.
- Price of gold decreased even further the next day to Rs.2,958 per gram on the 7th but saw a slight increase from there to touch Rs.2,973 on the 8th.
- The price of gold crossed Rs.3,001 on the 9th and stayed within that range for the rest of the month.
- On the last day of the week, gold was priced at Rs.3,039 per gram.
Jun'16 - Week 3 (12th to 18th)
- Continuing from the rate of the previous week, the rate of gold was Rs.3,039 per gram and increased thereon.
- On the 13th, gold was priced at Rs.3,042 per gram which was an increase of Rs.3 as compared to the previous day.
- The price of gold increased significantly on the 16th to be priced at Rs.3,110 per gram but plummeted from there.
- Although the rate of gold picked up slightly on the 18th, it did not reach the rate of 16th.
Jun'16 - Week 4 (19th to 25th)
- The rate of gold on the 19th was the same as the last day of the previous week, Rs.3,087 per gram.
- Gold rate declined slightly on the 20th and 21st to touch Rs.3,070 per gram.
- Further decline in price was noted from the 22nd to the 23rd before picking up again.
- The rate of gold significantly increased after that to touch Rs.3,165 per gram on the 25th which was also the highest for the week.
Jun'16 - Week 5 (26th to 30th)
- The final week of June saw the highest rate of gold for the month which was Rs.3,180 per gram on the 27th.
- Gold rate slightly decreased after that to hover between Rs.3,113 to Rs.3,103 per gram between the 28th to 30th of June.
- Gold closed at Rs.3,103 per gram on the last day of the month.
|1st May rate||Rs.3,069|
|31st May rate||Rs.2,916|
|Highest rate in May||Rs.3,073 on the 7th and 8th of May|
|Lowest rate in May||Rs.2,900 on the 30th of May|
|Overall performance||Loss / Negative|
May'16 - Week 1 (1st to 7th)
- Gold rates declined steadily during the first week of May, except for the last day when they increased.
- Prices were recorded at Rs.3,069 on the 1st day of the month and Rs.3,073 on the 7th.
- Gold rates declined by Re.1 on the second day of trading and remained unchanged until the third day after which they fell by Rs.20 to Rs.3,048 on the fourth day and remained the same on the fifth.
- A decline of Rs.3 was recorded in prices on the sixth of the month, followed by an increase of Rs.28 on the last day of the week to close at Rs.3,073.
May ‘16 - Week 2 (8th to 14th)
- Gold rates remained unchanged on the first day of the second week and prices were recorded at Rs.3,073 on the 8th of May.
- A decline by Rs.21 on the second day of the week saw prices fall to Rs.3,052.
- Prices fell by Rs.30 on the third day of the week to close at Rs.3,022 and then increased by Rs.18 on the fourth day before fluctuating for the following three days to close the week at Rs.3,051.
- The overall decline in prices from the first day to the last day of the week was just Rs.22.
May ‘16 - Week 3 (15th to 21st)
- Gold prices remained unchanged on the first and second day of the third week of May at Rs.3,051.
- Prices then increased by Rs.2 to Rs.3,053 on the 17th after which a decline of Rs.5 on the 18th saw prices fall to Rs.3,048.
- Rates fell by Rs.24 on the 19th and settled at Rs.3,024.
- Prices were recorded at Rs.3,018 on the 20th after which a decline of Rs.3 was recorded on the 21st and prices stood at Rs.3,015.
- Gold prices declined further at the end of the week in comparison with the first day of the week.
May ‘16 - Week 4 (22nd to 31st)
- Gold prices were recorded at Rs.3,015 on the 22nd of May and consistent declines over the course of the month saw prices drop to Rs.2,900 on the 30th, which was the lowest recorded price in the month.
- A marginal increase of Rs.16 on the last day of May saw prices rise to the levels before they hit their lowest, but the decline in prices over the last ten days of the month made it the worst period in May for jewellers and traders alike.
- The overall decline in prices between the first and last day of the month was Rs.153.
|1st April rate||Rs 2,894|
|30th April rate||Rs 3,069|
|Highest rate in April||Rs 3,069 on 30th|
|Lowest rate in April||Rs 2,876 on 4th|
|% Change||+ 6.05%|
Apr ‘16 - Week 1 (1st to 3rd)
- International trends resulted in a lack of demand from investors, stagnating gold rates.
- An overall drop in prices was witnessed during the week.
- Gold traded at Rs 2,894 on 1st, dropping to Rs 2,877 on 2nd and ending the week at this mark.
Apr ‘16 - Week 2 (4th to 10th)
- An overall increase in rates was witnessed during this week.
- Gold traded at Rs 2,876 on 4th, picking up marginally on a daily basis.
- Weekly rates peaked at Rs 2,944, an increase of over Rs 60 since the week started.
Apr ‘16 - Week 3 (11th to 17th)
- The strong performance of gold continued into the first two days of week 3.
- Prices went up from Rs 2,944 on 10th to Rs 2,963 on 12th.
- Gold rates fluctuated post this good start, dropping to a low of Rs 2,934 on 14th.
- The week ended on a high, with gold trading at Rs 2,957.
Apr ‘16 - Week 4 (18th to 24th)
- Demand for gold increased on the back of a solid performance.
- An overall increase in rates was observed in the week.
- An initial drop on 19th was mitigated by market demand, which saw prices reach a high of Rs 2,982 on 22nd.
- Gold rates declined marginally on the last two days, ending the week at Rs 2,960.
Apr ‘16 - Week 5 (25th to 30th)
- This was the best week for gold in April, as prices increased on a daily basis.
- Gold traded at Rs 2,965 on 25th, reaching Rs 2,979 on 28th.
- Gold rates crossed the Rs 3,000 mark on 29th, trading at Rs 3,042.
- The month ended with gold trading at Rs 3,069, the highest in April.
|1st March rate||Rs 2,994|
|31st March rate||Rs 2,883|
|Highest rate in March||Rs 2,994 on 1st|
|Lowest rate in March||Rs 2,871 on 28th|
Mar'16 - Week 1 (1st to 6th)
- March started with gold rates in the city at Rs 2,994.
- Jewellers resorted to a protest against the decision to hike import duty on gold, which lead to markets staying inactive.
- Gold rates fell to Rs 2,991 and Rs 2,976 during the week.
- An overall depreciation in prices was witnessed.
Mar'16 - Week 2 (7th to 13th)
- Protests against the duties continued in the second week, as markets remained closed.
- Prices increased marginally on 7th, with rates touching Rs 2,980.
- A further increase in rates was witnessed on 8th, as prices went up to Rs 2,991.
- Gold rates remained constant at Rs 2,991 for the rest of the week.
Mar'16 - Week 3 (14th to 20th)
- While the intensity of protests declined, markets were partially active.
- Gold rates dipped to Rs 2,950 on 14th, further dropping to Rs 2,929 in the next few days.
- Prices picked up to Rs 2,964 on 18th before dropping to Rs 2,940.
- Rates stayed at Rs 2,940 till the end of the week.
Mar'16 - Week 4 (21st to 27th)
- Most jewellers were open to business as the protest started fizzling out.
- An overall decline was witnessed in the week.
- Gold rates fell from Rs 2,940 to Rs 2,896 during this period.
Mar'16 - Week 5 (28th to 31st)
- Gold trading resumed after a month of protests.
- Rates fell to Rs 2,871 on 28th, before picking up.
- Gold price crossed the Rs 2,900 mark on 30th, ending at Rs 2,906.
- A slight decline in rates was witnessed on 31st, as the month ended with gold at Rs 2,883.
|1st February rate||Rs.2,714|
|29th February rate||Rs.2,964|
|Highest rate in February||Rs.2,987 on 26th|
|Lowest rate in February||Rs.2,714 on 1st|
Feb '16 - Week 1 (1st to 7th)
- Gold rates appreciated at the start of February.
- Prices were Rs.2,714 on 1st and Rs.2,823 on 7th.
- God was up on all days, gaining a cumulative amount of Rs.109 over the week.
Feb '16 - Week 2 (8th to 14th)
- Gold rose in the 2nd week also.
- Prices were Rs.2,820 on 8th and Rs.2,934 on 14th.
- Gold prices settled at Rs.2,838 by 11th before rising significantly on 12th to Rs.2,973.
- Gold settled at Rs.2,934 on 14th, rising by Rs.114 over the week.
Feb '16 - Week 3 (15th to 21st)
- Gold prices were up again in the 3rd week.
- It was priced at Rs.2,906 on 15th and Rs.2,973 on 21st.
- Gold dropped to Rs.2,871 on 16th before rising back-to-back in the remaining days of the week to end at a high of Rs.2,973.
Feb '16 - Week 4 (22nd to 29th)
- Gold rates appreciated in the last week of February, completing a positive run for the month.
- It was priced at Rs.2,917 on 22nd and Rs.2,964 on 29th.
- Gold traded positively till 26th to touch a high of Rs.2,987 before settling at Rs.2,974 by 29th.
|4 th January rate||Rs.2,547|
|31 st January rate||Rs.2,710|
|Highest rate in January||Rs.2,727 on 28th|
|Lowest rate in January||Rs.2,547 on 4th|
- Gold rates appreciated in the 1st week of January.
- Prices were Rs.2,547 on 4th and Rs.2,635 on 10th.
- Gold appreciated steadily till 7th to touch Rs.2,637.
- Prices dropped marginally to Rs.2,633 on 8th before settling at Rs.2,635 on 9th and 10th.
- Gold prices were up again in the 2nd week.
- Prices were Rs.2,642 on 11th and Rs.2,654 on 17th.
- Gold prices fell to Rs.2,595 by 13th before rallying over the next 3 days to touch Rs.2,654 on 16th.
- Prices were stable at Rs.2,654 on 17th.
- Gold prices were marginally up in the 3rd week.
- It was priced at Rs.2,649 on 18th and Rs.2,660 on 24th.
- Gold rose to Rs.2,670 by 22nd before settling at Rs.2,660 on 23rd and 24th.
- Gold rates appreciated in the last week of January, completing a positive run for the month.
- It was priced at Rs.2,668 on 25th and Rs.2,710 on 31st.
- Gold rose to Rs.2,727 by 28th on the back of increased domestic demand and a weaker dollar.
- Prices dropped to Rs.2,706 on 29th before stabilizing at Rs.2,710 for the month.
|1st December rate||Rs.2,566|
|31st December rate||Rs.2,541|
|Highest rate in December||Rs.2,598 on 5th and 6th|
|Lowest rate in December||Rs.2,526 on 3rd|
- Gold rates depreciated in the 1st week of the month.
- Prices were Rs.2,566 on 1st and Rs.2,595 on 7th.
- Gold depreciated to Rs.2,526 by 3rd before gaining value till 6th to Rs.2,598.
- Prices were slightly down on 7th at Rs.2,593.
- Gold prices rose again in the 2nd week.
- Prices were Rs.2,572 on 8th and Rs.2,586 on 14th.
- Prices dropped to Rs.2,557 by 11th before rallying by Rs.36 on 12th to rest at Rs.2,593.
- Gold lost Rs.7 on 14th to end the week at Rs.2,486.
- Gold prices were marginally lower in the 3rd week.
- It was priced at Rs.2,558 on 15th and Rs.2,553 on 21st.
- Gold lost value on 15th, 16th and 17th to rest at Rs.2,527.
- Prices were up for the rest of the week as gold gained Rs.26 over the next 4 days.
- Gold rates dropped in the final weeks of December.
- It was priced at Rs.2,570 on 22nd and Rs.2,541 on 31st.
- Gold was stable in the range of Rs.2,553 to Rs.2,570 till 30th.
- Prices dropped on 31st to Rs.2,541 from Rs.2,559.
|1st November rate||Rs.2,676|
|Highest rate in November||Rs.2,683 on 2nd|
|Lowest rate in November||Rs.2,548 on 18th and 30th|
- Gold rates depreciated in the 1st week of the month.
- Prices were Rs.2,676 on 1st and Rs.2,608 on 7th.
- Gold rose to Rs.2,683 on 2nd before dropping continuously till 5th to Rs.2,625.
- Prices rose marginally on 6th to Rs.2,627 before falling to Rs.2,608 in 8th.
- Gold prices dropped again in the 2nd week.
- Prices were Rs.2,608 on 8th and Rs.2,582 on 14th.
- Gold rose to Rs.2,624 on 9th before dropping for the rest of the week to settle at Rs.2,582 by 14th.
- Gold prices dropped marginally in the 3rd week.
- It was priced at Rs.2,582 on 15th and Rs.2,571 on 21st.
- Gold rose to Rs.2,609 on 16th before falling to Rs.2,548 by 18th.
- Prices appreciated over the next 2 days to settle at Rs.2,578 by 20th.
- Gold dropped slightly to Rs.2,570 on 21st.
- Gold rates dropped in the final weeks of November.
- It was priced at Rs.2,571 on 22nd and Rs.2,548 on 30th.
- Prices hovered around Rs.2,560 and Rs.2,570 till 27th.
- Gold dropped to Rs.2,554 on 28th and to Rs.2,548 on 30th.
Details of Gold Price in Bhubaneswar (22 Karat & 24 Karat) - Till July 2015
22 Karat (10 grams) - This is the lower purity level of the precious metal that’s available in the market. Compared to an earlier rate of Rs. 23,790 just a week back, the price for 10 grams of gold as of now has come down to Rs. 23,670. Gold price has been steadily decreasing, amounting to almost Rs. 1200 reduction from the prices in July 2015. 2015 has been a mix bag, with prices stabilising during January-February 2015 and then encountering a sharp decline in March 2015. Continuing the trend from July onwards, August 2015 might possibly be the lowest month for gold rates.
24 Karat (10 grams) - This is the purest form of gold that goes into jewellery, bars, coins and the like. Compared to its younger sibling, 24 Karat gold has decreased by Rs. 40 more since the past week. The price for 24K gold as of now is Rs. Rs. 25,270 while a week back, for 10 grams it was Rs. 25,430. Judging by these points, 24 Karat gold rate has been dealt a heavier blow than its 22 Karat counterpart. As of now, August 2015 seems to be not so august for gold rates.
- Also Check:Today's Gold Rate in Bhubaneswar