Gold Price Trend In Coimbatore

Trend of Gold Rate in Coimbatore for August 2019 (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
August 1 Rate Rs.3,481 per gram
August 31 Rate Rs.3,876 per gram
Highest Rate in August Rs.3,913 per gram on 29 August
Lowest Rate in August Rs.3,481 per gram on 1 August
Overall Performance Incline
Percentage Change 11.34%

August 2019- Week 1 (1-11):

  • The month began with gold prices in Coimbatore trading unchanged at Rs.3,481 per gram, with price rising to Rs.3,587 per gram on 4 August on positive global cues and industrial demand.
  • Rising trade tensions between the U.S. and China as well as tensions with Iran pulled down equities, as bullion became more attractive and prices rose to Rs.3,661 per gram on 6 August.
  • Global central banks slashed interest rates on recession fears, which served to bolster bullion interest as the precious metal traded at Rs.3,761 per gram when the week ended on 11 August.

August 2019- Week 2 (12-18):

  • The month began with gold prices in Coimbatore trading unchanged at Rs.3,481 per gram, with price rising to Rs.3,587 per gram on 4 August on positive global cues and industrial demand.
  • Rising trade tensions between the U.S. and China as well as tensions with Iran pulled down equities, as bullion became more attractive and prices rose to Rs.3,661 per gram on 6 August.
  • Global central banks slashed interest rates on recession fears, which served to bolster bullion interest as the precious metal traded at Rs.3,761 per gram when the week ended on 11 August.

August 2019- Week 3 (19-25):

  • Interest in bullion fluctuated during the week, as gold rates in Coimbatore opened lower at Rs.3,766 per gram on 19 August on declining retail demand.
  • Prices inched higher on recession fears, with gold priced at Rs.3,782 per gram on 22 August despite a slide in investor interest.
  • Industrial demand kept prices stable during the week and boosted prices to Rs.3,802 per gram on 23 August, with the precious metal rising to Rs.3,864 per gram when the week ended on 25 August.

August 2019- Week 4 (26-31):

  • Gold prices in Coimbatore opened at Rs.3,904 per gram on steady overseas offtake and rising demand from local jewellers, though a weak rupee dented retail demand as prices fell to Rs.3,876 per gram on 28 August.
  • Increased U.S. tariffs on Chinese goods led to equities falling as investors increased their bullion offtake, pushing gold prices higher to Rs.3,913 per gram on 29 August.
  • Conflicting cues and recessionary fears kept demand steady but prices dropped to Rs.3,876 per gram on 31 August as the metal recorded a 11.34% rise in value during the month.

Trend of Gold Rate in Coimbatore for July 2019 (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
July 1 Rate Rs.3,373 per gram
July 31 Rate Rs.3,505 per gram
Highest Rate in July Rs.3,537 per gram on 19 July
Lowest Rate in July Rs.3,373 per gram on 2 July
Overall Performance Incline
Percentage Change 3.91%

July 2019- Week 1 (1-7):

  • Sluggish bullion demand ahead of the release of U.S. jobs data resulted in gold rates in Coimbatore opening lower at Rs.3,373 per gram on 1 July though prices rose marginally to Rs.3,443 per gram on 3 July.
  • Encouraging jobs figures bolstered equities as bullion dropped to Rs.3,423 per gram on 5 July, though steady local retail and industrial demand kept prices stable.
  • Geopolitical tensions impacting markets resulted in an increase in safe-haven bullion demand, as the yellow metal rose to Rs.3,445 per gram when trading closed on 7 July.

July 2019- Week 2 (8-14):

  • The yellow metal opened marginally higher at Rs.3,452 per gram on 8 July but robust U.S. jobs data resulted in gold prices in Coimbatore dropping to Rs.3,432 per gram on 10 July.
  • Though local demand remained sluggish due to rising import costs, indications of a Fed Reserve rate cut bolstered global demand in the metal, which rose to Rs.3,493 per gram on 11 July.
  • There was a dip in bullion demand as markets recovered and the dollar rose marginally, but fears of recession and slowing manufacturing once again saw the yellow metal rise to Rs.3,482 per gram on 14 July.

July 2019- Week 3 (15-21):

  • Gold prices in Coimbatore opened at Rs.3,468 per gram on 15 July as investors reduced offtake ahead of the release of U.S. jobs data.
  • Uncertainty over the ongoing U.S.-Iran tensions and rising fears of a global recession failed to keep prices steady as gold fell to Rs.3,459 per gram on 18 July.
  • A plunging dollar and fluctuating crude prices due to the Middle East tensions bolstered bullion as the metal rose to Rs.3,537 per gram on 19 July before slipping to Rs.3,512 per gram on 21 July.

July 2019- Week 4 (22-28):

  • Local demand rose as the week began, boosting gold rates in Coimbatore as the metal traded at Rs.3,518 per gram on 22 July.
  • The U.S. dollar gained after an extension on U.S. debt was announced, which reduced local bullion offtake and resulted in prices falling to Rs.3,498 per gram on 23 July.
  • Prices fluctuated on conflicting overseas cues, with prices rising to Rs.3,503 per gram on 25 July before weak jeweller demand resulted in the yellow metal ending the week lower at Rs.3,498 per gram.

July 2019- Week 5 (29-31):

  • There was no change in gold prices in Coimbatore when the week began, with the metal priced at Rs.3,428 per gram on 29 July.
  • Rising uncertainty due to the geopolitical tensions overseas led to an increase in safe-haven bullion demand, as the yellow metal rose to Rs.3,502 per gram on 30 July.
  • Despite the Federal Reserve reducing key interest rates, the dollar rose though gold rose marginally to Rs.3,505 per gram on 31 July.

Trend of Gold Rate in Coimbatore for June 2019 (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
June 1 Rate Rs.3,233 per gram
June 30 Rate Rs.3,415 per gram
Highest Rate in June Rs.3,473 per gram on 25 June
Lowest Rate in June Rs.3,233 per gram on 1 and 2 June
Overall Performance Incline
Percentage Change 5.62%

June 2019- Week 1 (1-9):

  • Market volatility and a weak U.S. dollar resulted in a steady bullion climb as gold prices in Coimbatore opened at Rs.3,233 per gram, remaining stable for a few days as local demand remained static.
  • The possibility of renewed trade tariffs against Mexico and rising tensions between the U.S. and Iran rattled markets and boosted gold to Rs.3,246 per gram on 4 June as investors increased bullion offtake.
  • An interest rate cut increased industrial demand for bullion overseas, as the precious metal rose to Rs.3,271 per gram on 7 June and continuing to climb to Rs.3,299 per gram when the week ended on 9 June.

June 2019- Week 2 (10 - 16):

  • A sharp decline in the price of gold Coimbatore was recorded at the start of week 2 in comparison to week 1. At the start of the week, gold traded at Rs.3,267 per gram.
  • The dollar weakened shortly after causing the price of gold to rise. On 13th, gold traded at Rs.3,272 per gram.
  • The US dollar surged during the end of week 2. This, however, did not deteriorate the price of gold. The price continued to incline when it stood at Rs.3,305 per gram as the week ended.

June 2019- Week 3 (17-23):

  • Rising market uncertainty due to increasing tension with Iran and weak U.S. jobs data boosted gold rates in Coimbatore after the metal opened static at Rs.3,245 per gram on 17 June.
  • Prices remained stable as investors awaited the Fed meeting results, with bullion demand surging to Rs.3,313 per gram on 21 June on possible interest rate reductions.
  • Gold surged to Rs.3,365 per gram on 22 June on dovish monetary policies by central banks and a weak dollar before falling marginally to close the week at Rs.3,350 per gram on 23 June.

June 2019- Week 4 (24-30):

  • After opening at Rs.3,422 per gram, gold rates in Coimbatore surged to Rs.3,473 per gram on 25 June on fears of rising uncertainty over Iran-U.S. tensions.
  • Prices stabilised and settled at Rs.3,424 per gram on 26 June as markets recouped from earlier losses, though the dollar remained weak and retail bullion demand was stagnant.
  • Demand fluctuated as the dollar recovered towards the end of the week, as the yellow metal traded at Rs.3,415 per gram on 30 June to record an overall rise of 5.62% during the month.

Trend of Gold Rate in Coimbatore for May 2019 (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
May 1 Rate Rs.3,190 per gram
May 31 Rate Rs.3,215 per gram
Highest Rate in May Rs.3,215 per gram on 31 May
Lowest Rate in May Rs.3,150 per gram on 3 May
Overall Performance Incline

May 2019- Week 1 (1-5):

  • Gold rates in Coimbatore got off to a stable start, trading at Rs.3,190 per gram and remained constant for a while as local demand kept prices from fluctuating.
  • The renewed tensions between the U.S. and Iran impacted bullion as the U.S. dollar surged, as local industrial units and jewellers reduced demand resulting in the precious metal falling to Rs.3,150 per gram on 3 May.
  • Despite positive economic data from China bolstering equity markets, a possible interest rate cut by the Federal Reserve helped prop up gold as the week ended, with the metal trading at Rs.3,163 per gram on 5 May.

May 2019- Week 2 (6-12):

  • Declining confidence in equities caught up with local investors as global bullion demand rose on increasingly volatile stocks due to geopolitical crises, with the precious metal trading at Rs.3,171 per gram on 6 May.
  • Weak demand from Asian markets were countered by rising European offtake as the threat of fresh sanctions against Iran and rising crude prices boosted gold prices in Coimbatore to Rs.3,184 per gram on 8 May.
  • Local jeweller demand was also on the rise due to the upcoming festive season, with the precious metal’s price rising to Rs.3,200 per gram on 10 May before closing the week at Rs.3,205 per gram on 12 May.

May 2019- Week 3 (13-19):

  • Declining confidence in equities caught up with local investors as global bullion demand rose on increasingly volatile stocks due to geopolitical crises, with the precious metal trading at Rs.3,170 per gram on 13 May.
  • Weak demand from Asian markets were countered by rising European offtake as the threat of fresh sanctions against Iran and rising crude prices boosted gold prices in Coimbatore to Rs.3,185 per gram on 15 May.
  • Local jeweller demand was also on the rise due to the upcoming festive season, with the precious metal’s price rising to Rs.3,204 per gram on 17 May before closing the week at Rs.3,203 per gram on 19 May.

May 2019- Week 4 (20-26):

  • Continued weak demand from local retailers and declining overseas interest resulted in gold prices in Coimbatore opening unchanged at Rs.3,170 per gram on 20 May.
  • A steady U.S. dollar rate and positive U.S. economic data pressured bullion as local demand slipped, with the yellow metal’s value falling to Rs.3,165 per gram on 22 May.
  • A slight reversal in bullion’s fortunes after the Federal Reserve’s meeting bolstered the metal as it rose to Rs.3,188 per gram on 24 May before sliding marginally to end the week at Rs.3,183 per gram.

May 2019- Week 5 (27-31):

  • Falling interest in equities due to rising volatility saw gold rates in Coimbatore rise after opening at Rs.3,184 per gram on 27 May.
  • The stalemate in Sino-U.S. trade talks and enhanced war rhetoric with Iran stoked investor fears, as demand for safe-haven assets like bullion rose sharply, with the yellow metal trading at RS.3,188 per gram on 29 May.
  • Constant market fluctuations and a weak U.S. dollar bolstered local retail and industrial demand, as gold ended the month at Rs.3,215 per gram on consistent overseas and local interest.

Trend of Gold Rate in Coimbatore for April 2019 (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
April 1 Rate Rs.3,189 per gram
April 28 Rate Rs.3,208 per gram
Highest Rate in April Rs.3,208 per gram on 9, 27 and 28 April
Lowest Rate in April Rs.3,161 per gram on 3 April
Overall Performance Incline

April 2019 - Week 1 (1-7):

  • Fluctuations in the U.S. dollar rate resulted gold rates in Coimbatore opening at Rs.3,189 per gram before dropping to Rs.3,161 per gram on 3 April on weak domestic demand.
  • Prices recovered as weak U.S. jobs data weakened the dollar and boosted local offtake as gold traded at Rs.3,172 per gram on 5 April.
  • Renewed fears of an economic slowdown prompted increased investor interest in bullion, as gold rates rose to Rs.3,185 per gram on 7 April.

April 2019 - Week 2 (8-14):

  • Sluggish local demand was at odds with rising overseas demand as gold rates in Coimbatore opened at a steady Rs.3,198 per gram on 8 April.
  • A retreating U.S. dollar rate increased industrial interest in the metal but prices fluctuated before settling at Rs.3,206 per gram on 11 April.
  • Robust manufacturing and export figures from China bolstered global equity markets as investors moved away from safe-haven bullion and the precious metal’s value fell to Rs.3,183 per gram when the week closed on 14 April.

April 2019 - Week 3 (15-21):

  • Despite steady retail demand, a rise in the U.S. dollar rate capped gold gains and dented bullion demand over the course of the week after the metal opened at Rs.3,177 per gram.
  • Gold rates in Coimbatore dropped to Rs.3,171 per gram on 17 April as sluggish overseas offtake impacted local demand and resulted in prices falling to Rs.3,162 per gram on 19 April.
  • Conflicting cues arising from dovish economic outlooks from Eurozone central banks and a steadily rising dollar rate resulted in the precious metal rising marginally to Rs.3,166 per gram on 21 April.

April 2019- Week 4 (22-28):

  • Increased bullion offtake due to volatile equity markets saw gold rates in Coimbatore open at Rs.3,180 per gram on 22 April before briefly dropping to Rs.3,165 per gram on 24 April.
  • Despite a strong U.S. dollar rate, local demand was steady as jeweller demand continued to climb, with prices rising to Rs.3,170 per gram on 25 April.
  • Lower-than-expected U.S. GDP figures saw investors switch back to bullion from risker assets like equities as the yellow metal’s demand rose, with gold ending the week at Rs.3,208 per gram on 28 April.

Trend of Gold Rate in Coimbatore for March 2019 (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
March 1 Rate Rs.3,305 per gram
March 31 Rate Rs.3,200 per gram
Highest Rate in March Rs.3,305 per gram on 1 March
Lowest Rate in March Rs.3,169 per gram on 29 March
Overall Performance Decline
Percentage Change -3.17%

March 2019 - Week 1 (1-10):

  • Gold prices in Coimbatore opened at Rs.3,305 per gram as investor interest in bullion waned as a consequence of the steady rise in the dollar rate.
  • A more hawkish Federal Reserve stance propped up the dollar as local demand fell to Rs.3,234 per gram on 6 March due to the rising cost of imports, though jeweller demand was static.
  • Prices dipped to Rs.3,210 per gram on 7 March as positive U.S. data bolstered equities, though demand rose on fears of a global downturn as the metal traded at Rs.3,247 per gram when the week ended on 10 March.

March 2019 - Week 2 (11-17):

  • Poor retail demand due to rising U.S. dollar rates coupled with fluctuating overseas demand resulted in gold prices in Coimbatore falling during the week after opening at a steady Rs.3,233 per gram on 11 March.
  • Weak demand from Asia and waning local offtake saw prices drop to Rs.3,213 per gram on 13 March before plunging to Rs.3,207 per gram on 15 March as equities were bolstered by positive U.S. jobs data.
  • Despite fears over the impact of Brexit and poor industrial growth figures, gold prices rose only marginally as they closed the week at Rs.3,212 per gram on 17 March.

March 2019 - Week 3 (18-24):

  • Gold prices in Coimbatore rose on positive overseas cues despite a slight decline in local offtake, with the yellow metal opening the week lower at Rs.3,190 per gram on 18 March.
  • The turmoil surrounding Brexit and its economic impact resulted in stock markets falling sharply as investors moved to safe-haven bullion, with gold rates rising to Rs.3,215 per gram on 21 March.
  • Prices dropped briefly to Rs.3,191 per gram on 22 March before the possibility of an impending U.S. recession saw the U.S. dollar drop steeply and gold surge to Rs.3,236 per gram on 24 March.

March 2019- Week 4 (25-31):

  • Gold rates in Coimbatore were subject to a steady decline as a rising U.S. dollar and stable equities impacted global demand for the metal despite opening strongly at Rs.3,229 per gram on 25 March.
  • Falling U.S. economic data and fears of a global recession failed to drive up demand for gold as overseas demand remained muted on poor investor offtake, with gold prices dropping to Rs.3,169 per gram on 29 March.
  • An easing in the dollar rate due to weak U.S. economic data saw gold rise to Rs.3,200 per gram on 31 March though the metal’s overall value fell by 3.17%.

Trend of Gold Rate in Coimbatore for February 2019 (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
February 1 Rate Rs.3,354 per gram
February 28 Rate Rs.3,333 per gram
Highest Rate in February Rs.3,392 per gram on 20 and 21 February
Lowest Rate in February Rs.3,292 per gram on 13 February
Overall Performance Decline
Percentage Change -0.62%

February 2019 - Week 1 (1-10):

  • Gold rate in Coimbatore saw a steady drop as weak overseas cues resulted in a decline in local retail and industrial offtake after opening at Rs.3,354 per gram on 1 February.
  • Static demand from jewellers due to the falling rupee and reduced investor interest was reflected in the price as the yellow metal fell to Rs.3,335 per gram on 6 February.
  • Gold plunged to Rs.3,316 per gram on 7 February before recovering marginally as the week ended to close at Rs.3,332 per gram on 10 February due to demand vagaries.

February 2019 - Week 2 (11-17):

  • An overall decline in industrial demand saw gold prices in Coimbatore fluctuate significantly after opening at Rs.3,319 per gram on 11 February.
  • Gold fell to Rs.3,292 per gram on 13 February as investors reduced offtake, awaiting news on the ongoing Sino-U.S. trade talks.
  • Prices recovered as the rupee gained against the dollar, which boosted local demand as gold traded at Rs.3,325 per gram on 15 February.
  • The end of the week saw a further rise in price as retail demand propped up prices, with gold trading at Rs.3,350 per gram on 17 February.

February 2019 - Week 3 (18-24):

  • Weak industrial demand from Asia and uncertainties over the Fe Reserve meeting saw gold prices in Coimbatore open at a relatively modest Rs.3,356 per gram on 18 February.
  • The dollar remained weak on Brexit fears and uncertainty over the result of Sino-U.S. trade talks weighed on equities saw gold capitalise as the metal traded at Rs.3,392 per gram on 20 February.
  • A more hawkish stance and the possibility of renewed rate hikes pressured bullion as the dollar and stock markets were buoyed, resulting in gold dropping to Rs.3,360 per gram when the week ended on 24 February.

February 2019 - Week 4 (25-28):

  • Weak overseas cues and a decline in local retail demand resulted in gold price in Coimbatore falling despite a stable start of Rs.3,355 per gram on 25 February.
  • A drop in investor offtake on the bullion markets was countered by steady local demand as gold rose marginally to Rs.3,357 per gram on 26 February.
  • Prices dropped steeply as the month drew to a close on a general decline in demand for bullion overseas, with the yellow metal priced at Rs.3,333 per gram on 28 February as the metal’s value fell by 0.62% during the month.

Trend of Gold Rate in Coimbatore for January 2019 (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
Rate on 1st January 2019 Rs.3,172per gram
Rate on 31st January 2019 Rs.3,321per gram
Highest Rate in January 2019 Rs.3,326 per gram on 30January
Lowest Rate in January 2019 Rs.3,172per gramon 1 and 7 January
Overall Performance Incline
Percentage Change 4.69%
Comparison for 24 K Gold Rates for Coimbatore January 2019
Graph for Gold Rate (24K) in Coimbatore January 2019

January 2019 - Week 1 (1 - 6):

  • As the U.S. government shutdown continued, demand for bullion was on the rise from both overseas as well as domestic industrial units.
  • Gold rates in Coimbatore opened at Rs.3,172 per gram and remained constant for a few days before surging to Rs.3,191 per gram on 3 January.
  • Volatile currencies and fluctuating markets impacted prices, as the yellow metal suffered a drop in interest as the week progressed.
  • A marginal decrease in local jeweller demand saw gold fall to Rs.3,175 per gram when the week ended, though prices rose by Rs.3 over the course of the week.

January 2019 - Week 2 (7 - 13):

  • Steady demand from local jewellers and retailers kept gold prices in Coimbatore on the rise, with the metal opening the second week at Rs.3,172 per gram on 7 January.
  • With fears over a hard Brexit and the continued U.S. government shutdown rattling investors, there was increasing demand for bullion as a safe-haven asset and this took prices to Rs.3,197 per gram on 9 January.
  • Prices continued to climb during the week in spite of a minor drop in retail sales, with gold closing out the week at Rs.3,222 per gram on 13 January to record a Rs.50 increase over the course of the week.

January 2019 - Week 3 (14 - 20):

  • Stable local demand and fluctuating equity markets combined to boost gold price in Coimbatore, with the precious metal trading at Rs.3,230 per gram when markets opened on 14 January.
  • The rejection of the Brexit deal by the U.K Parliament sent markets into a tailspin and increased reliance on bullion as a safe-haven asset, as gold prices rose to Rs.3,263 per gram on 18 January.
  • An increase in local demand kept prices steady in spite of overseas demand fluctuation but gold lost some value as the week ended, trading at Rs.3,246 per gram on 20 January.

January 2019 - Week 4 (21-27):

  • In line with trends seen across other cities, gold rate in Coimbatore showed some signs of fluctuation after opening the week at a stable Rs.3,246 per gram on 21 January.
  • Rising retail demand kept prices steady as overseas industrial demand was weak due to reduced offtake from China, as gold prices briefly fell to Rs.3,236 per gram on 22 January.
  • Uncertainty across equity markets due to geopolitical turmoil in Venezuela raised bullion interest among investors as the week progressed with the metal rising to Rs.3,277 per gram on 27 January.

January 2019 - Week 5 (28-31):

  • Rising overseas demand and steady retail interest boosted gold prices in Coimbatore after a relatively static start to the week when the metal traded at Rs.3,285 per gram on 28 January.
  • Political instability in Venezuela and the impact of Brexit affected investor confidence in equities as safe-haven bullion demand rose, boosting gold prices to Rs.3,291 per gram on 29 January.
  • A weak dollar made imports cheaper and increased local jeweller demand for the yellow metal, which rose to Rs.3,321 per gram on 31 January to record a 4.69% in price over the course of the month.

Trend of Gold Rate in Coimbatore for December 2018 (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
December 1 Rate Rs.3,045 per gram
December 31 Rate Rs.3,165 per gram
Highest Rate in December Rs.3,192 per gram on 11 December
Lowest Rate in December Rs.3,045 per gram on 1 December
Overall Monthly Performance Incline
Percentage Change 3.94%
Comparison for 24 K Gold Rates for Coimbatore December 2018
Graph for Gold Rate (24K) in Coimbatore December 2018

December 2018 - Week 1 (1 - 9):

Parameters Gold price (per gram of 24 karat gold)
December 1 Rate Rs.3,045 per gram
December 9 Rate Rs.3,161 per gram
Overall Weekly Performance Incline
  • Rising local demand due to the wedding season and favourable market cues combined to boost gold rates in Coimbatore this week.
  • The precious metal was priced at Rs.3,045 per gram on 1 December with prices quickly rising to Rs.3,096 per gram on 6 December on strong overseas cues and increased orders from local jewellers.
  • The rise in price continued as gold closed the week at Rs.3,161 per gram on 9 December, as fears of stagnating economic growth prompted higher bullion buys by investors and industrial units alike.

December 2018 - Week 2 (10 - 16):

Parameters Gold price (per gram of 24 karat gold)
December 10 Rate Rs.3,163 per gram
December 16 Rate Rs.3,161 per gram
Overall Weekly Performance Decline
  • In spite of positive local trends, a drop in overseas demand affected gold prices in Coimbatore and resulted in a drop in the metal’s value during the week.
  • Gold traded at Rs.3,163 per gram on 10 December before rising to Rs.3,175 per gram on 12 December on increased investor interest brought about by market fluctuations due to Brexit.
  • Prices fell as markets and the dollar recovered, with local retail demand failing to maintain prices.
  • The end of the week saw gold prices drop to Rs.3,161 per gram to record a minimal loss of Rs.2 during the week.

December 2018 - Week 3 (17 - 23):

Parameters Gold price (per gram of 24 karat gold)
December 17 Rate Rs.3,147 per gram
December 23 Rate Rs.3,128 per gram
Overall Weekly Performance Decline
  • Gold was priced at Rs.3,147 per gram in Coimbatore when trading commenced for the third week of December.
  • Rates went up to Rs.3,154 per gram the next day before falling to RS.3,111 per gram as demand took a significant hit in the local market.
  • From the 20th, onwards, gold mounted on a recovery path, and prices went up gradually to end the week at Rs.3,128 per gram.

December 2018 - Week 4 (24 - 31):

Parameters Gold price (per gram of 24 karat gold)
December 24 Rate Rs.3,143 per gram
December 31 Rate Rs.3,165 per gram
Overall Weekly Performance Incline
  • When trading opened for the last week, demand for the metal was on the rise with investors banking on the bullion amid the rising US-Chinese trade concerns and other political cues. Gold was priced at Rs.3,143 per gram on the 24th.
  • The appetite of safe-haven surged further during the week on account of concerns over a partial US government shutdown and faltering economic growth.
  • Trading concluded for the month with gold price in Coimbatore closing at Rs.3,165 per gram on the 31st, registering a 3.94% increase in domestic rates during the course of the month.

Trend of Gold Rate in Coimbatore for November 2018 (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
November 1 Rate Rs.3,184 per gram
November 30 Rate Rs.3,045 per gram
Highest Rate in November Rs.3,196 per gram on 6 November
Lowest Rate in November Rs.3,045 per gram on 30 November
Overall Monthly Performance Decline
Percentage Change -4.36%

November 2018 - Week 1 (1 - 4):

Parameters Gold price (per gram of 24 karat gold)
November 1 Rate Rs.3,184 per gram
November 4 Rate Rs.3,191 per gram
Overall Weekly Performance Incline
  • Gold in Coimbatore was priced at Rs.3,184 per gram on the 1st when the month began amid weak global trends coupled with reduced local demand.
  • Prices dropped to Rs.3,183 per gram on the 2nd before a drop in the dollar value ahead of the US payrolls data led to gold rates rebounding to Rs.3,191 per gram the next day.
  • The week ended with gold holding steady at Rs.3,191 per gram on the 4th with steady investor demand amid the favourable market trend overseas.

November 2018 - Week 2 (5 - 11):

Parameters Gold price (per gram of 24 karat gold)
November 5 Rate Rs.3,179 per gram
November 11 Rate Rs.3,134 per gram
Overall Weekly Performance Decline
  • The week began with gold rate in Coimbatore holding at Rs.3,179 per gram on the 5th after a rise in the dollar value led to demand declining at the domestic level.
  • However, with the arrival of Dhanteras, demand for the metal surged considerably and gold was recorded trading at Rs.3,187 per gram on the 6th.
  • With the US Federal Reserve’s interest rate review strengthening the dollar, gold rates dropped considerably during the week and the metal was priced at Rs.3,134 per gram on the 11th.

November 2018 - Week 3 (12 - 18):

Parameters Gold price (per gram of 24 karat gold)
November 12 Rate Rs.3,141 per gram
November 18 Rate Rs.3,124 per gram
Overall Weekly Performance Decline
  • Coimbatore’s gold rates reflected trends seen across other cities, with prices steadily declining due to market trends and a rising U.S. dollar reducing local demand.
  • The week opened with gold trading at Rs.3,141 per gram on 12 November before a rising U.S. dollar erased gains.
  • Gold price in Coimbatore dropped to Rs.3,096 per gram on 14 November after the Fed indicated a renewal of its monetary tightening policy, which would increase the cost of holding gold.
  • Market fluctuations due to Brexit and the U.S. midterm elections pressured the dollar, and investors looking to bullion as a hedge raised prices to Rs.3,113 per gram on 15 November.
  • Gold rate in Coimbatore rose to Rs.3,124 per gram on 18 November but gold’s overall value dropped by Rs.17 during the week.

November 2018 - Week 4 (19 - 25)

Parameters Gold price (per gram of 24 karat gold)
November 19 Rate Rs.3,120 per gram
November 25 Rate Rs.3,081 per gram
Overall Weekly Performance Decline
  • In line with trends seen across most cities, there was a steep fall in gold prices in Coimbatore due to falling retail demand as a result of the weakening rupee.
  • The week began with gold priced at Rs.3,120 per gram on 19 November before prices fell to Rs.3,101 per gram on 20 November on poor local offtake.
  • A rise in industrial demand boosted prices to Rs.3,106 per gram on 22 November but the strengthening of the dollar and stable markets led to lower demand for bullion.
  • Prices slumped to Rs.3,081 per gram on 25 November as overseas demand stagnated, resulting in gold prices falling by Rs.39 during the week.

November 2018 - Week 5 (26 - 30):

Parameters Gold price (per gram of 24 karat gold)
November 26 Rate Rs.3,071 per gram
November 30 Rate Rs.3,045 per gram
Overall Weekly Performance Decline
  • Poor demand due to the fluctuating rupee value and market uncertainties resulted in gold prices in Coimbatore falling steadily over the course of the week.
  • At the week’s opening on 26 November, gold traded at Rs.3,071 per gram and briefly rose to Rs.3,081 per gram on 27 November as the dollar slipped.
  • Prices fell sharply to Rs.3,058 per gram on 28 November as markets rebounded ahead of the G20 summit.
  • The decline in price continued till the end of the month, with gold priced at Rs.3,045 per gram on 30 November due to poor retail sales and weak overseas trends.

Trend of Gold Rate in Coimbatore for October 2018 (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
October 1 Rate Rs.3,071 per gram
October 31 Rate Rs.3,188 per gram
Highest Rate in October Rs.3,211 per gram on 15 October
Lowest Rate in October Rs.3,071 per gram on 1 October
Overall Monthly Performance Incline
Percentage Change 3.80%
Comparison for 24 K Gold Rates for Coimbatore oct-1 2018
Graph for Gold Rate (24K) in Coimbatore oct-1 2018

October 2018 - Week 1 (1 - 7):

Parameters Gold price (per gram of 24 karat gold)
October 1 Rate Rs.3,071 per gram
October 7 Rate Rs.3,158 per gram
Overall Weekly Performance Incline
  • The start of October saw a sharp rise in the price of gold as local demand and international trends boosted gold sales.
  • The precious metal traded at Rs.3,071 per gram on 1 October before prices rose to Rs.3,085 per gram on 2 October due to volatile markets.
  • Jewellers also increased orders ahead of the festive season, as gold prices rose to Rs.3,129 per gram on 3 October.
  • Slight fluctuations in demand due to the volatile dollar saw gold rates in Coimbatore fall to Rs.3,120 per gram on 5 October.
  • After the Fed Reserve raised key interest rates, markets fell sharply as investors looked to gold as a steadying asset.
  • Increased investment in gold resulted in the metal ending the week at Rs.3,158 per gram on 7 October.

October 2018 - Week 2 (8 - 14):

Parameters Gold price (per gram of 24 karat gold)
October 8 Rate Rs.3,092 per gram
October 14 Rate Rs.3,119 per gram
Overall Weekly Performance Incline
  • Bangalore saw a slight decline in the price of gold as the value of dollar rose on 8 October. This trend continued followed for a couple of days.
  • On 11 October, the precious metal rose in value as global stocks along with the value of the dollar in correspondence to other currencies dipped in value.
  • Week 2 ended with gold in Bangalore being priced at Rs.3,119 per gram, recording an inclining trend.

October 2018 - Week 3 (15 - 21):

Parameters Gold price (per gram of 24 karat gold)
October 15 Rate Rs.3,185 per gram
October 21 Rate Rs.3,189 per gram
Overall Weekly Performance Incline
  • Uncertainty due to the ongoing trade crisis led to a rise in interest in gold, with the metal opening the week at Rs.3,185 per gram on 15 October.
  • Local demand was on the rise ahead of the festive season, even though the price of gold was rising.
  • Prices rose to Rs.3,199 per gram on 16 October on market uncertainty but prices dropped sharply to Rs.3,173 per gram on 17 October after a late rally by the dollar.
  • In spite of rising local retail demand, gold prices fluctuated due to falling overseas demand, as the yellow metal traded at Rs.3,194 per gram on 19 October.
  • The end of the week saw gold rates drop marginally as the recovering dollar capped gains. The metal traded at Rs.3,189 per gram on 21 October.

October 2018 - Week 4 (22 - 28):

Parameters Gold price (per gram of 24 karat gold)
October 22 Rate Rs.3,182 per gram
October 28 Rate Rs.3,197 per gram
Overall Weekly Performance Incline
  • Rising local demand, volatile stock markets and fluctuating currency markets resulted in a rise in bullion trade, as investors looked to safe-haven assets as a hedge.
  • The week began with gold priced at Rs.3,182 per gram as retail gold sales were on the rise ahead of the festive season.
  • Prices rose to Rs.3,200 per gram on 25 October as global tech stocks crashed, and investors rushed to buy bullion and gold stocks, sending prices spiralling upwards.
  • The falling rupee capped gold gains, as prices dropped to Rs.3,193 per gram on 26 October in spite of steady demand.
  • Gold prices in Coimbatore recovered as the week ended, with the metal priced at Rs.3,197 per gram on 28 October.

October 2018 - Week 5 (29-31):

Parameters Gold price (per gram of 24 karat gold)
October 29 Rate Rs.3,194 per gram
October 31 Rate Rs.3,188 per gram
Overall Weekly Performance Decline
  • The final week of October saw gold rates in Coimbatore reflect trends seen across other cities, with prices falling marginally on poor retail offtake.
  • Gold opened the week at Rs.3,194 per gram on 29 October, as apprehension over the impact of sanctions on Iran bolstered the dollar.
  • Indian markets fluctuated due to conflicting cues from overseas, as consumers put off gold purchases due to rising bullion costs associated with a falling rupee.
  • Prices fell to Rs.3,191 per gram on 30 October as overseas trends and a depreciating rupee affected demand.
  • Tensions over the Italian financial crisis and Brexit saw the Euro fall sharply as investors looked to the dollar to stabilise portfolio investments, resulting in gold falling to Rs.3,188 per gram on 31 October.

Trend of Gold Rate in Coimbatore for September 2018 (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
September 1 Rate Rs.3,029 per gram
September 30 Rate Rs.3,074 per gram
Highest Rate in September Rs.3,098 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%
Comparison for 24 K Gold Rates for Coimbatore August 2018
Graph for Gold Rate (24K) in Coimbatore August 2018

September 2018 - Week 1 (1 - 8):

Parameters Gold price (per gram of 24 karat gold)
September 1 Rate Rs.3,029 per gram
September 8 Rate Rs.3,065 per gram
Overall Weekly Performance Incline
  • As September began, gold prices saw a reversal in fortunes owing to increased interest in the metal by retailers and traders alike.
  • Gold was priced at Rs.3,029 per gram on 1 September as uncertain markets bolstered increased demand for bullion.
  • The falling rupee made imports of gold cheaper which led to higher order volumes from jewellers ahead of the festive season.
  • Prices dropped steeply to Rs.3,019 per gram on 3 September as the dollar fell on political crises in the U.S., though overseas demand continued to be steady.
  • Gold recovered quickly as traders invested heavily in futures, pushing the metal’s prices to Rs.3,033 per gram on 4 September.
  • Steady order volumes and a falling dollar raised gains from imports as gold prices rose to Rs.3,060 per gram on 7 September.
  • The end of the week saw a further rise in price as the yellow metal traded at Rs.3,065 per gram.

September 2018 - Week 2 (9 - 14):

Parameters Gold price (per gram of 24 karat gold)
September 9 Rate Rs.3,065 per gram
September 14 Rate Rs.3,064 per gram
Overall Weekly Performance Decline
  • The second week of September saw gold prices in Coimbatore drop marginally due to declining local demand.
  • Gold was priced at Rs.3,065 per gram on 9 September as demand was stable in spite of fluctuations in the dollar rate.
  • The rising trade tensions between the U.S. and China put pressure on the dollar, as investors short-sold gold due to unfavourable market conditions.
  • A falling dollar led to increased interest in safe-haven assets like bullion, as gold rose to Rs.3,080 per gram on 12 September.
  • Prices fell as the dollar recovered and demand could not be sustained, resulting in gold ending the week at Rs.3,064 per gram on 14 September.

September 2018 - Week 3 (15 - 22):

Parameters Gold price (per gram of 24 karat gold)
September 15 Rate Rs.3,066 per gram
September 22 Rate Rs.3,077 per gram
Overall Weekly Performance Incline
  • Demand for gold in the third week of September was on the rise as festive demand fuelled purchases.
  • Gold opened at Rs.3,066 per gram on 15 September, recording a marginal rise in price from the previous week.
  • Fresh trade tariffs on Chinese goods by the U.S. caused markets to fall, as investors sought out gold as a hedge against stock losses.
  • Gold rose to Rs.3,079 per gram on 18 September and continued to climb to Rs.3,091 per gram on 19 September on growing local and industrial demand.
  • There was a slight drop in demand as the dollar recouped some of its losses, resulting in gold prices falling to Rs.3,082 per gram on 20 September.
  • Prices dropped sharply as the week ended on 22 September as gold traded at Rs.3,077 per gram, as gold prices rose by Rs.11 during the week.

September 2018 - Week 4 (23 - 30):

Parameters Gold price (per gram of 24 karat gold)
September 23 Rate Rs.3,077 per gram
September 30 Rate Rs.3,074 per gram
Overall Weekly Performance Decline
  • The last week of September saw demand for gold fluctuate in Coimbatore, as gold opened the week at a stable Rs.3,077 per gram on 23 September.
  • The escalation of the trade dispute between the U.S. and China as well as renewed Brexit tension destabilised equity markets, which tumbled sharply.
  • Demand for bullion as a safe-haven asset led to a rise in demand for the metal, as prices rose to Rs.3,090 per gram on 25 September.
  • As the dollar recovered from its earlier losses and the markets traded in the black, demand for gold was on the decline and fell to Rs.3,077 per gram on 27 September.
  • Prices dropped to Rs.3,049 per gram on 28 September after news of an interest rate hike bolstered markets and the dollar.
  • Gold rates in Coimbatore closed at Rs.3,074 per gram on 30 September as the metal failed to recover from the mid-week collapse.

Trend of Gold Rate in Coimbatore for August 2018 (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
August 1 Rate Rs.2,983 per gram
August 31 Rate Rs.3,039 per gram
Highest Rate in August Rs.3,039 per gram on 31 August
Lowest Rate in August Rs.2,800 per gram on 16 August
Overall Monthly Performance Incline
Percentage Change 1.87%
Comparison for 24 K Gold Rates for Coimbatore July 2018
Graph for Gold Rate (24K) in Coimbatore July 2018

August 2018 - Week 1 (1 - 5):

Parameters Gold price (per gram of 24 karat gold)
August 1 Rate Rs.2,983 per gram
August 5 Rate Rs.2,973 per gram
Overall Weekly Performance Decline
  • Gold prices in Coimbatore were on the decline as steadily falling orders and a rising dollar ate into profits.
  • The precious metal opened the week priced at Rs.2,983 per gram after falling marginally on slowing demand overseas.
  • Local demand was sluggish as the rupee continued to fall against the dollar, which resulted in fewer import orders being placed.
  • Prices fell to Rs.2,956 per gram on 3 August before rebounding to Rs.2,973 per gram on 4 August after the dollar dropped in value briefly.
  • The mid-week rise in gold rates was short-lived, as falling demand led to gold remaining at Rs.2,973 per gram on 5 August.

August 2018 - Week 2 (6 - 12):

Parameters Gold price (per gram of 24 karat gold)
August 6 Rate Rs.2,967 per gram
August 12 Rate Rs.2,984 per gram
Overall Weekly Performance Incline
  • Gold prices in Coimbatore increased in demand during the second week of August as the dollar stabilised during this time.
  • The gold rate in Coimbatore stood at Rs.2,967 per gram on 6 August, as the dollar weakened during this period.
  • The dollar then increased to a 13 month high on 10 August which had an effect on the gold rates in Coimbatore.
  • Gold rate in Coimbatore then shot up to Rs.2,984 per gram on 12 August. During this time, European banks were exposed to Turkey, which in turn led to the strengthening of the dollar.
  • The week ended with an incline trend in Gold rates in Coimbatore. At the end of the week ending 12 August, gold rate in Coimbatore stood at Rs.2,984 per gram.

August 2018 - Week 3 (13 - 19):

Parameters Gold price (per gram of 24 karat gold)
August 13 Rate Rs.2,985 per gram
August 19 Rate Rs.2,952 per gram
Overall Weekly Performance Decline
  • The gold price in Coimbatore during the third week of August was on the decline as dollar rates hit a near 13-month high.
  • On 13 August, the gold price in Coimbatore stood at Rs.2,985 per gram. During the same period, the dollar value was on a rise.
  • The gold price then stabilised for a few days after which it declined marginally towards the end of the week.
  • At the end of Week 3, the gold rate in Coimbatore declined in comparison to the former part of the week. The price of the metal on 19 August stood at Rs.2,952 per gram. This was during the same period when US - China trade talks were in place.
  • Week 3 ended with the metal priced at Rs.2,952 per gram, and showed a declining trend for the week ending 19 August.

August 2018 - Week 4 (20 - 26):

Parameters Gold price (per gram of 24 karat gold)
August 20 Rate Rs.2,952 per gram
August 26 Rate Rs.3,004 per gram
Overall Weekly Performance Incline
  • Trading opened for the week with gold rate in Coimbatore holding at Rs.2,952 per gram on the 20th amid positive global cues.
  • With the dollar losing against a basket other apex currencies over the next two days, demand for the metal improved and gold in Coimbatore was recorded trading at Rs.2,974 per gram on the 22nd.
  • However, with the US greenback recovering amid market speculations ahead of the US Federal Chairman’s speech on the direction of the monetary policy review, gold price in Coimbatore dropped to Rs.2,968 per gram on the 24th.
  • The week ended with gold priced relatively higher at Rs.3,004 per gram on the 26th with domestic retailers and retailers ramping up purchases to meet the local demand.

August 2018 Week 5 (27 - 31):

Parameters Gold price (per gram of 24 karat gold)
August 27 Rate Rs.2,999 per gram
August 31 Rate Rs.3,039 per gram
Overall Weekly Performance Incline
  • In line with prevalent trends, gold rates in Coimbatore rose steadily in the last week as local and industrial demand increased.
  • The yellow metal traded at Rs.2,999 per gram on 27 August as tense trade relations between the U.S. and China affected the dollar’s performance.
  • There was a steady rise in retail demand as the falling dollar made gold imports cheaper, as the precious metal traded at Rs.3,026 per gram on 30 August.
  • Continued drops in the dollar rate, as well as the upcoming festive season, resulted in higher demand for retail gold, as the metal ended the month at Rs.3,039 per gram.

Trend of Gold Rate in Coimbatore for July 2018 (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
July 1 Rate Rs.3,059 per gram
July 31 Rate Rs.2,986 per gram
Highest Rate in July Rs.3,070 per gram on 7 July
Lowest Rate in July Rs.2,986 per gram on 18 & 31 July
Overall Monthly Performance Decline
Percentage Change -2.38%
Comparison for 24 K Gold Rates for Coimbatore June 2018
Graph for Gold Rate (24K) in Coimbatore June 2018

July 2018 - Week 1 (1 - 7):

Parameters Gold price (per gram of 24 karat gold)
July 1 Rate Rs.3,059 per gram
July 7 Rate Rs.3,070 per gram
Overall Weekly Performance Incline
  • When the week began in Coimbatore, gold was priced at Rs.3,059 per gram.
  • A rising dollar caused trends to drop and gold rates fell to Rs.3,047 per gram on the 2nd of July, before further dropping to Rs.3,040 per gram on the 3rd as cues weakened further.
  • On the 4th, gold was seen trading at Rs.3,062 per gram - a Rs.22 increase - as stock markets crashed around the world, giving rise to safe haven demand.
  • As investors exercised a bit of caution ahead of the Fed meeting, gold rates went up to Rs.3,067 per gram on the 5th of the month.
  • The penultimate day of this week saw gold trading at Rs.3,071 per gram before declining the next day.
  • On the final day of this week, gold rate in Coimbatore dropped slightly to Rs.3,070 per gram.

July 2018 - Week 2 (8 - 14):

Parameters Gold price (per gram of 24 karat gold)
July 8 Rate Rs.3,070 per gram
July 14 Rate Rs.3,029 per gram
Overall Weekly Performance Decline
  • Trading opened for the week with gold rate in Coimbatore holding at Rs.3,070 per gram on the 8th with steady domestic demand from jewellers and retailer amid strong global cues overseas.
  • With the greenback closing in on near three-and-half week lows over the next couple of days, the precious metal was recorded trading at Rs.3,070 per gram until 10th.
  • However, with the US dollar regaining lost ground despite the lingering US-Sino trade war concerns, prices dropped to Rs.3,054 per gram on the 11th.
  • Weak global cues compounded with poor investor demand led to gold being priced at Rs.3,036 per gram on the 12th.
  • The 13th saw prices plummeting to Rs.3,028 per gram as market participants refrained from making purchases amid the strong US dollar index and well-performing equities.
  • Trading concluded for the week with todays gold rate in Coimbatore holding at Rs.3,029 per gram with subdued but steady local demand amid the firm trend overseas.

July 2018 - Week 3 (15 - 22):

Parameters Gold price (per gram of 24 karat gold)
July 15 Rate Rs.3,029 per gram
July 22 Rate Rs.3,018 per gram
Overall Weekly Performance Decline
  • Gold was priced Rs.3,029 per gram when trading started for the third week of July in Coimbatore.
  • The US dollar on bouncing back due to a strong market, but gold rates steadies on the 16th to trade at Rs.3,029 per gram for much of the day.
  • On the 17th, gold rate went down to Rs.3,021 per gram as the latest Federal Reserve meeting showed imminent signs of an interest rate hike.
  • With the dollar continuing to remain buoyant and local demand falling due to this, gold rates fell to Rs.2,991 per gram on the 18th. Cues in the global market also remained weak and gold hit a one-year low figure on this day.
  • Demand bounced back after there was a brief rise in demand, and gold ended the 19th trading at Rs.2,997 per gram.
  • On the 20th, gold rate in Coimbatore continued to trade at Rs.2,997 per gram after the US President Donald Trump slammed the US dollar and the Fed rate hikes publically, which caused gold to inch away from its low figures of the previous days.
  • Gold traded at Rs.3,018 per gram over the final two days of this month, thanks to the shellacking provided by US President Donald Trump.

July 2018 Week 4 (22 - 31):

Parameters Gold price (per gram of 24 karat gold)
July 22 Rate Rs.3,018 per gram
July 31 Rate Rs.2,986 per gram
Overall Weekly Performance Decline
  • There was a steady decline in the gold rate in Coimbatore in the last week of July as the rise of the dollar and market trends resulted in flagging gold demand.
  • The week began with gold priced at Rs.3,018 per gram on 22 July, with equity markets enjoying a bull run as the dollar also rose.
  • The trade tensions between China and the U.S. led to the dollar falling marginally but investors stayed away from gold, apprehensive of an impending interest rate hike.
  • Gold fell to Rs.2,997 per gram on 24 July before recovering to trade at Rs.3,009 per gram on 26 July.
  • Poor economic growth rates from China pulled global markets down, as gold prices also remained static due to declining retail interest.
  • Fluctuations in the price continued before gold ended the month at Rs.2,986 per gram.

Trend of Gold Rate in Coimbatore for June (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
June 1 Rate Rs.3,100 per gram
June 30 Rate Rs.3,059 per gram
Highest Rate in June Rs.3,127 per gram on 15 June
Lowest Rate in June Rs.3,054 per gram on 24 June
Overall Monthly Performance Decline
Percentage Change -1.32%
Comparison for 24 K Gold Rates for Coimbatore May 2018
Graph for Gold Rate (24K) in Coimbatore May 2018

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

  • In Tamil Nadu’s district, Coimbatore, gold was priced at Rs.3,100 per gram when the first week of June began.
  • This dropped to Rs.3,081 per gram on the 2nd and then to Rs.3,081 per gram the subsequent day as gold demand dropped considerably.
  • The drop in demand was due to a rise in the US dollar, which was caused by a strong US jobs data. The data also sparked rumours that the Fed Reserve might hike interest rates in the upcoming meeting.
  • On the 5th, gold rate in Coimbatore went up to Rs.3,084 per gram - a slight incline - after cues picked up ahead of growing concerns.
  • The 6th recorded yet another incline and the metal traded at Rs.3,088 per gram before rising significantly the next day.
  • On the 8th - the day of the G7 summit in Canada, gold rates went up to Rs.3,103 per gram as the US President created an issue over the unfair trade practices between the US and other major economies.
  • The final two days of the week saw gold trading at Rs.3,119 per gram as the latest fiasco had a ripple effect and caused the dollar and the markets to crash.

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

  • Reflecting trends across other major Indian cities, gold rates in Coimbatore fluctuated over the course of the week due to geopolitics and investor interest.
  • Gold opened the week priced at Rs.3,100 per gram on 11 June before rising to Rs.3,119 per gram on 12 June.
  • Prices fell over the next few days as investor interest in bullion fell ahead of the historic summit between North Korean and U.S. leaders in Singapore.
  • Local demand for the metal was steady but subdued as a rising dollar made imports more expensive.
  • Gold was price at Rs.2,102 per gram on 13 June before prices rose marginally to trade at Rs.3,119 per gram on 14 June.
  • Fears over the European Central Bank’s pledge to keep interest rate static led to renewed interest in gold, as gold price in Coimbatore rose to Rs.3,127 per gram on 15 June.
  • Prices dropped as a strong dollar and bullish stock markets led to falling demand for gold, with the metal priced at Rs.3,095 per gram on 17 June.

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

  • When trading commenced in Coimbatore, gold rates were recorded holding at Rs.3,087 per gram on the 18th.
  • A drop in the dollar value against other major currencies led to gold prices surging to Rs.3,098 per gram on the 19th at the domestic level.
  • However, with global bullion prices hitting near six-month lows, gold prices plunged to Rs.3,081 per gram on the 20th.
  • With the US dollar index touching near eleven-month highs over the next couple of days, the dollar strengthened significantly.
  • Poor market cues overseas coupled with reduced investor demand led to gold rates dropping to Rs.3,066 per gram on the 21st before plunging further to Rs.3,060 per gram the following days.
  • Domestic demand, however, picked up on the 23rd with an increase in industrial offtake for the precious metal and gold was priced at Rs.3,069 per gram on the same day.
  • The week ended with gold rates in Coimbatore holding steady at Rs.3,069 per gram on the 24th with consistent local demand for the metal.

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

  • In Coimbatore, when the week began, gold was priced at Rs.3,070 per gram. Change in prices were rife during this week due to a number of cues: both local and global.
  • The yellow metal was priced at Rs.3,068 per gram on the second day of this week.
  • Rates dropped to Rs.3,061 per gram as dollar remained strong and another concern regarding a possible Fed rate hike also contributed to the fall in gold demand.
  • On the 28th, the yellow metal traded at Rs.3,073 per gram after a slight rise in local demand was recorded as the US dollar declined for a brief period.
  • Gold rates dropped after the previous day’s unexpected rise, to Rs.3,054 per gram, after the US dollar bounced back and demand remained muted.
  • The last day of this week saw gold rates rise to Rs.3,059 per gram as demand went up ahead of strong cues from the international market.

Trend of Gold Rate in Coimbatore for May 2018 (rates per gram for 24 karat gold)

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%
Comparison for 24 K Gold Rates for Coimbatore April 2018
Graph for Gold Rate (24K) in Coimbatore April 2018

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

  • Trading began in Coimbatore with the yellow metal prices holding at Rs.3,114 per gram on the 1st amid a steady US dollar and rising equity markets.
  • The dollar strengthened ahead of the US Federal Reserve meeting next couple of days and gold was recorded trading at Rs.3,103 per gram on the 3rd of May.
  • Dovish remarks by the Federal Reserve compounded by the gradual increase in interest rates led to gold price in Coimbatore rising over the next few days.
  • When the week came to an end, the precious metal prices were recorded holding at Rs.3,136 per gram on the 6th after the dollar weakened amid geopolitical concerns in the Chinese nation.

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

  • Gold traded at Rs.3,136 per gram in Coimbatore for the first day of this week. Prices declined to Rs.3,134 per gram the next day due to weak demand in the market.
  • There was a slight incline of Rs.1 on the 9th and the precious metal traded at Rs.3,134 per gram before surging over the next few days.
  • On the 10th, the yellow metal was priced at Rs.3,142 per gram as inflation in the US pushed gold demand up.
  • Gold rates in Coimbatore went up to Rs.3,145 per gram on the 11th before rising to Rs.3,166 per gram on the 12th as bullion investors ramped up their purchases.
  • Demand slowed down towards the end of the week, and the metal traded at Rs.3,166 per gram on 13th - the final day.

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

  • In Coimbatore, the third week began with gold trading at Rs.3,147 per gram on the 14th with the dollar easing amid market speculations on fewer Fed rate hikes during the year.
  • Gold rates surged to Rs.3,213 per gram on the 15th as the bullion gained on the back of losing equities and weakening US dollar index.
  • Prices, however, plunged the next day with the US dollar rebounding from its previous one-week low and gold was priced at Rs.3,120 per gram on the 16th.
  • Gold rates in Coimbatore remained untouched at Rs.3,105 per gram on the 17th with the greenback holding on its gains from the previous session.
  • Thanks to an increase in global safe-haven demand amid the ongoing Italian-US political crisis, gold rates were recorded holding at Rs.3,124 per gram on the 20th.

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

  • Gold was priced at Rs.3,113 per gram when trading commenced for the fourth week of May.
  • Gold demand was rather on the subdued side on the 21st, but as local demand was steady, the metal traded at Rs.3,113 per gram.
  • The 23rd saw gold rates rise to Rs.3,125 per gram - Rs.12 increase - as the US dollar weakened and stock markets slipped as the Fed Reserve kept interest rates unchanged.
  • The next two saw gold rates incline, first to Rs.3,137 per gram and then to Rs.3,146 per gram on the 24th and the 25th respectively.
  • On the 26th, the US greenback strengthened, which pushed gold rates down to Rs.3,133 per gram - Rs.13 drop compared to the previous day.
  • When the week ended, the precious metal’s rates were still holding at Rs.3,133 per gram.

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

  • Trading opened for the week with the bullion priced at Rs.3,106 per gram on the 28th with markets weighed on by the strong US dollar index.
  • With the US President reviving hopes of the previously called off US-North Korean summit, the dollar held its ground. This led to gold trading at Rs.3,106 per gram on the 29th.
  • The bullion, however, recovered the next day with the greenback losing against other emerging currencies after the US growth data reported a slight decline in the nation’s economy for the first quarter. The precious metal was recorded trading at Rs.3,122 per gram on the 30th.
  • The week ended with gold rates in Coimbatore holding at Rs.3,122 per gram on the last day amid the positive trend overseas.
  • Strong global cues coupled with consistent local demand resulted in gold prices rising by 0.25% during the month.

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

Parameters Gold price (24 karat)
April 1 Rate Rs.3,072 per gram
April 30 Rate 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%
Comparison for 24 K Gold Rates for Coimbatore March 2018
Graph for Gold Rate (24K) in Coimbatore March 2018

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

  • Gold prices in Coimbatore were steady at Rs.3,072 per gram as the month began as a low dollar rate led to increased orders from the industrial sector.
  • Gold rate in Coimbatore rose to Rs.3,091 per gram on 3 April after equity markets fell sharply following the escalation of tensions between the United States and China over trade tariffs.
  • Local demand was on the decline as jewellers reduced orders amidst a retail slump, but positive international cues led to a slight revival in gold’s fortunes locally.
  • Positive U.S. non-farm data led to a rally by the dollar, which in turn led to a slight fall in demand for gold as the precious metal fell to Rs.3,066 per gram on 5 April.
  • The decline in demand continued to impact gold prices as overseas industrial demand slumped, leading to local prices falling to Rs.3,058 per gram on 6 April.
  • The end of the week saw a marginal increase in price as gold traded at Rs.3,075 per gram on 7 April.

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

  • When the week began in Coimbatore , gold was priced at Rs.3,075 per gram. Gold prices seemed to drop on the 9th as a possible trade war between China and the US began to take hold, which had an impact on local demand.
  • The yellow metal traded at Rs.3,073 per gram on the 9th, which then rose to Rs.3,099 per gram before rising again to Rs.3,129 per gram on the 12th.
  • However, the 13th saw gold prices decline as the Federal Reserve’s anticipated interest rate hike pushed interests from bullion investors down. Rates dropped to Rs.3,106 per gram on this day due to this,
  • On the 14th, gold prices moved up to Rs.3,119 per gram before rising to Rs.3,142 per gram on the 15th as reports confirmed a joint attack on Syria by allied US and European forces. This caused markets to plummet and gold prices to rise as a result.

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

  • Trading commenced for the week with the precious metal priced at Rs.3,124 per gram on the 16th in Coimbatore.
  • The 17th saw gold prices rising marginally to Rs.3,129 per gram before surging further to Rs.3,142 per gram on the 18th with gold sales picking up on technical buying and steady safe-haven demand amid global political tensions.
  • On the 19th, gold rates in Coimbatore were recorded holding at Rs.3,153 per gram with the dollar weakening amid inflation and trade war concerns lingering in the markets.
  • However, with global tensions in the Korean Peninsula and Syria easing over the next couple of days, gold was priced relatively lower at Rs.3.146 per gram on the 20th and the 21st.
  • The week came to an end with gold closing higher at Rs.3,151 per gram on the 22nd, thanks to an increase in demand by domestic retailers and jewellers amid the ongoing wedding season.

April 2018 - Week 4 (23 - 30):

  • When the final week of April began, gold was priced at Rs.3,140 per gram.
  • Gold continued to trade at Rs.3,140 per gram on the 24th of April before rising to Rs.3,146 per gram the next day as demand went up.
  • On the 26th, gold prices in Coimbatore went down slightly to Rs.3,144 per gram but declined further on the 27th to trade at Rs.3,129 per gram.
  • During the 28th, gold prices rose to Rs.3,140 per gram as jewellers and other investors pushed for more purchases.
  • On the penultimate day of this week, gold prices in Coimbatore dropped to Rs.3,123 per gram as demand took a hit.
  • Due to demand declining, gold rates went down to Rs.3,114 per gram on the final day of the month.

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

Parameters Gold price (24 karat)
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%
Comparison for 24 K Gold Rates for Coimbatore February 2018
Graph for Gold Rate (24K) in Coimbatore February 2018

March 2018 - Week 1 (1 - 5):

  • The price of gold on 1 March was Rs.3,043 per gram in Coimbatore as demand for the yellow metal was quite steady thanks to local industrial demand.
  • Prices were on the increase as equity markets were apprehensive of possible austerity measures due to rising inflation in the U.S.
  • Gold traded at Rs.3,049 per gram on 2 March on the back of strong demand from industry in Asia, with local demand also keeping pace.
  • Equity markets across the globe tumbled after the news of impending tariffs on imports of aluminium and steel were announced by the U.S. President.
  • Gold price in Coimbatore rose to Rs.3,068 per gram on 3 March, with the price remaining unchanged for the remainder of the week.

March 2018 - Week 2 (5-11):

  • Gold was seen trading at Rs.3,064 per gram when the second week of March began in Coimbatore.
  • Despite the uncertainties amid trade war remained, a strong dollar pushed gold rates down in the global market and the metal traded at Rs.3,054 per gram on the 6th of March.
  • The 7th saw gold rates go up to Rs.3,074 per gram as the dollar could no longer withstand the pressure and markets fell.
  • On the 8th, gold traded at Rs.3,061 per gram before falling to Rs.3,047 per gram as investor sentiments was low.
  • The 10th saw prices rise to Rs.3,067 per gram as domestic demand surged amid some poor wage gains in the US.
  • When the week ended, gold was still seen trading at Rs.3,067 per gram, thanks to a stable demand.

March 2018 - Week 3 (12 - 18):

  • The week began with the precious metal trading at Rs.3,057 per gram on the 12th after a stronger than expected US employment data resulted in the US dollar and equities strengthening.
  • Prices dropped to Rs.3,047 per gram on the 13th with markets cautious ahead of US Federal Reserve monetary policy meeting next week.
  • The 14th, however, saw gold rates rising to Rs.3,062 per gram as the dollar weakened after the US Secretary of State was suddenly dismissed by the US President.
  • The US greenback rose against a basket of currencies with investors and markets speculating on a possible Fed rate hike by the Federal Reserve. This led to gold prices dropping to Rs.3,056 per gram on the 15th.
  • Gold rate in Coimbatore plunged further to Rs.3,037 per gram on the 16th with domestic demand declining amid the poor trends overseas.
  • The 17th saw gold prices rising marginally to Rs.3,040 per gram following an increase in demand from local jewellers and retailers.
  • The week came to an end with bullion prices holding steady at Rs.3,040 per gram on the 18th with steady demand amid positive global trends.

March 2018 - Week 4 (19 - 25):

  • The week opened with gold priced at Rs.3,030 per gram on 19 March in Coimbatore on steady demand from industry as well as the retail market.
  • As the U.S. Dollar lost value due to political uncertainty as well as a looming trade war, demand for gold rose across the world, which kept prices high.
  • Gold price in Coimbatore jumped to Rs.3,046 per gram on 20 March as markets were apprehensive ahead of the Fed meeting.
  • With the Fed taking a less hawkish outlook, markets were disappointed and plunged, which led to greater demand for bullion.
  • Gold soared to Rs.3,081 per gram on 23 March and continued to rise over the rest of the trading week as local demand was buoyed by positive international trends.
  • Gold price in Coimbatore reached Rs.3,105 per gram on 24 March as renewed geopolitical tensions in the U.S. led to markets falling steeply.
  • The week ended with no change in the price of gold, as steady demand and positive markets cues kept prices at Rs.3,105 per gram on 25 March.

March 2018 - Week 5 (26 - 31):

  • The week opened in Coimbatore with bullion prices holding at Rs.3,095 per gram on the 26th with prices going down after the US dollar rose amid the US-China trade war concerns diminishing.
  • However, the next day saw gold rates climbing to Rs.3,098 per gram with the dollar weakening against other major currencies as the US-Russian diplomatic relations deteriorated.
  • The US dollar index regained lost ground over the next few days amid the well-performing equity markets. This led to gold being priced at Rs.3,084 per gram and Rs.3,067 per gram on the 28th and the 29th.
  • With the greenback holding its gains from the previous session, gold prices in Coimbatore plunged slightly to Rs.3,066 per gram on the 30th.
  • Thanks to an increase in domestic demand from local jeweller, retailers and industries amid positive global cues, the bullion prices rose to Rs.3,072 per gram on the last day.
  • Coimbatore recorded an incline of 0.95% in gold rates during the course of the month.

Find Today's Gold Price in Top Metro Cities

Trend of Gold Rate in Coimbatore 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%
Comparison for 24 K Gold Rates for Coimbatore January 2018
Graph for Gold Rate (24K) in Coimbatore January 2018

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

  • On the 1st, gold was recorded trading at Rs.3,040 per gram in Coimbatore. The decline in prices was mainly due to the US Federal Reserve decision to leave its interest rates unchanged in the meeting that pushed the dollar ahead from the previous month.
  • Gold price in Coimbatore surged to Rs.3,071 per gram the next day with an increase in demand by local jewellers, retailers and industries as the US dollar rates continued to remain unchanged ahead of the US jobs data release.
  • With the US employment data implying an increase in jobs and payrolls during the year, the dollar rates spiked ahead. This led to gold rate in Coimbatore dropping to Rs.3,050 per gram on the 3rd.
  • Steady domestic demand coupled with firm overseas trends led to the bullion being priced at Rs.3,050 per gram for the rest of the week.

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

  • Gold started trading at Rs.3,035 per gram when the second week of February began in Coimbatore.
  • This rose to Rs.3,071 per gram - by Rs.36 - as a massive equity sell-off worldwide spurred safe-haven demand.
  • However, the sharp demand from previous day dropped and gold prices in Hyderabad went down to Rs.3,031 per gram. This was because the US dollar bounced back against a basket of other currencies.
  • The 8th saw gold price in Coimbatore fall again - this time to Rs.3,003 per gram - as demand took a hit as the dollar continued on its resurgent path.
  • With domestic demand rising, particularly from jewellers, gold rate in Coimbatore went up to Rs.3,018 per gram on the 9th.
  • Demand increased on the 10th and the metal traded at Rs.3,023 per gram on the 10th of February. This continued on till the closing hours of the week as demand remained steady.

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

  • The week opened in Coimbatore with the precious metal prices at Rs.3,025 per gram on the 12th with the US dollar holding back ahead of the US inflation data release.
  • Gold rate in Coimbatore surged to Rs.3,030 per gram on the 13th with markets awaiting the inflation data for clues on the pace of interest rates hike during the year.
  • On the 14th, the bullion was recorded trading at Rs.3,103 per gram with the dollar losing against other apex currencies in the global market ahead of the US inflation data later during the day.
  • The data, however, proved to be on par with the expectations showing an incline in the US consumer prices. This led to gold price in Coimbatore plunging to Rs.3,071 per gram on the 15th.
  • Rates surged to Rs.3,074 per gram the next day before rising further to Rs.3,096 per gram on the 17th with an increase in demand for the bullion by investors to sidestep the inflation concerns.
  • The week ended with gold prices holding at Rs.3,096 per gram on the 18th following steady domestic demand industries, jewellers and retailers amid positive overseas trends.

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

  • Gold opened at Rs.3,083 per gram in Tamil Nadu’s second most popular city - Coimbatore. This rate dropped to Rs.3,068 per gram the next day as a rising US dollar put a break to the yellow metal’s gains.
  • As the continued to register further gains, gold price in Coimbatore dropped to Rs.3,057 per on the 21st of February.
  • The yellow metal’s rates fell for the third consecutive day and a Rs.4 decline was recorded on the 22nd, bringing gold prices effectively down to Rs.3,054 per gram.
  • With the local demand being boosted by a number of key factors, gold rate in Coimbatore went up to Rs.3,060 per gram on the 23rd of the moth.
  • As domestic demand remained strong amid a well-performing dollar, gold rates in Coimbatore surged to Rs.3,067 per gram on the 24th of February.
  • The fourth week of February ended with gold trading at Rs.3,067 per gram.

February 2018 - Week 5 (26th - 28th)

  • When trading commenced in Coimbatore, the precious metal was recorded trading at Rs.3,069 per gram on the 26th amid firm trends overseas.
  • Gold rate in Coimbatore remained untouched at Rs.3,069 per gram the following day ahead of the US Federal Reserve Chairman’s first congressional testimony.
  • With the US dollar strengthening after Jerome Powell, the Fed Chair promised to improve the country’s economy by sticking to the Fed rate hike plans, gold prices in Coimbatore plunged to Rs.3,046 per gram on the 28th.
  • Gold rates rose by 0.19% in the city during the course of the month.

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

Parameters Gold price (24 karat)
Gold Rate on 1st January 2018 Rs.3,002 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.3,001 per gram on 4 January
Overall Monthly Performance Incline
Percentage Change 1.43%
Comparison for 24 K Gold Rates for Coimbatore December 2017
Graph for Gold Rate (24K) in Coimbatore December 2017

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

  • On the 1st of January, gold price in Coimbatore were recorded at Rs.3,002 per gram
  • The 2nd of January saw gold rates rise to Rs.3,011 per gram as a result of the international market witnessing sharp inclines.
  • As the US dollar weakened, demand for gold increased. This pushed gold rate in Coimbatore up to Rs.3,014 per gram on the 3rd of January.
  • However, gold rates dropped to Rs.3,001 per gram on the 4th. Reports said that “today’s gold rate” declined due to the latest job data release
  • But, as the data turned out to be more negative than expected, gold rates surged back to Rs.3,013 per gram on the 5th day of the week.
  • With demand continuing to remain high amid increased demand, gold rates surged again to Rs.3,021 per gram on the 6th of the month.
  • Gold was still trading at Rs.3,021 per gram when the week came to an end.

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

  • The bullion trade in Coimbatore opened with gold priced relatively lower at Rs.3,009 per gram on the 8th with a slight decline in local demand from the previous week.
  • A weakened dollar compounded with an unevenly performing equities market led to gold price in Coimbatore surging throughout the week.
  • Gold was recorded trading at Rs.3,017 per gram on the 9th before rising further to Rs.3,022 per gram on the 10th amid the positive trends overseas.
  • The bullion prices, on the 12th, continued to rise against the poorly performing equities and the precious metal was trading at Rs.3,048 per gram.
  • Strong global cues coupled with an improved domestic demand led to gold rate in Coimbatore hitting a seven-week high of Rs.3,068 per gram on the 13th.
  • Steady demand from local jewellers, industries and retailers amid the positive overseas trends led to gold being priced at Rs.3,068 per gram when the week concluded.

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

  • Gold opened at Rs.3,073 per gram in Coimbatore when the third week of January began.
  • An increased demand from local circles led to a rise in gold price in Coimbatore and the metal traded at Rs.3,082 per gram on the second day of this week.
  • The 17th saw gold prices decline to Rs.3,079 per gram as the US dollar regained some lost ground against a host of other apex currencies.
  • On the 18th, gold pricesdropped again to Rs.3,060 as US treasury yields increased.
  • The 19th, however, saw gold rate in Coimbatore rise to Rs.3,076 per gram as the US government was head towards a shut down, causing gold demand to increase.
  • Gold rates were recorded at Rs.3,084 per gram on the 20th which continued till the closing hours of the week.

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

  • In Coimbatore, gold rates increased significantly towards the mid week, following the record trend witnessed in the global market.
  • On the 22nd of the month, gold was priced at Rs.3,022 per gram.
  • The 23rd saw gold open at Rs.3,030 per gram and close at Rs.3,026 per gram as demand remained mostly on the flatter side.
  • Significant increases in gold price in Coimbatore were witnessed from the 24th onwards, as the US dollar hit new lows while gold hit 16-month high figures.
  • On the 25th, the yellow metal opened at Rs.3,072 per gram as demand from jewellers in and around the city surged.
  • Due to a slowdown in demand, gold rate in Coimbatore dropped when the week neared its end.
  • During the last day of this week, i.e., the 28th gold was seen trading at Rs.3,068 per gram.

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

  • The bullion trade opened in Coimbatore with gold priced relatively lower at Rs.3,043 per gram on the 29th with the US dollar regaining lost ground from the previous week’s losses.
  • On the 30th, gold price in Coimabatore plunged to Rs.3,030 per gram with the US dollar gaining further amid the strengthened equities and positive US treasury yields.
  • When trading concluded for the month, the yellow metal was recorded trading at Rs.3,045 per gram on the 31st with a downtrend in the US dollar rates ahead of the Federal Reserve’s two-day meeting on monetary policies.
  • Coimbatore recorded an incline of 1.43% in gold trade due to the poor US dollar performance that pushed prices higher during the course of the month.
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 Performance Incline
Percentage Change 1.10%

December 2017 - Week 1 (1st - 10th)

  • Gold opened at Rs.2,982 per gram when trading commenced for the month in Coimbatore.
  • The next couple of days witnessed the precious metal trading relatively higher at Rs.3,002 per gram after the dollar weakened due to the political instability in the US Senate.
  • However, the US Senate’s decision to set the political differences aside and pass the Republican tax bill resulted in the dollar gaining against a basket of major currencies. This led to gold prices plunging to Rs.2,971 per gram on the 4th.
  • The dollar surged further with markets cautious ahead of the release of the US non-farm payrolls data and the possibility of an interest rate hike by the Federal Reserve in the monetary policy meetings to be held during the month.
  • This led to gold price in Coimbatore dropping to Rs.2,962 per gram and Rs.2,942 per gram on the 6th and the 7th respectively.
  • The 8th witnessed gold rate in Coimbatore plummeting to their lowest level in nearly four months at Rs.2,917 per gram after an optimistic tax reform bill to overhaul the US legislation’s tax system boosted investor sentiments in the country.
  • The last two days saw the precious metal trade marginally higher at Rs.2,927 per gram due to an increasing domestic buying despite strong dollar index and firmer equities market.

December 2017 - Week 2 (11th - 17th)

  • Gold rate in Coimbatore opened at Rs.2,911 per gram for this week.
  • Even though there was an increased demand in global markets, the Indian markets saw little change for the initial few days.
  • The 12th saw gold price in Coimbatore drop to Rs.2,908 per gram before dropping further to Rs.2,903 per gram on the 13th of the month.
  • But, as the Fed Reserve hiked its interest rate, and as the US dollar fell due to it, gold demand went up. The metal traded at Rs.2,924 per gram on the 14th of December.
  • This level of high demand was unsustainable and hence prices fell to Rs.2,918 per gram on the 15th and the to Rs.2,917 per gram the next day.
  • The yellow metal traded at an improved Rs.2,927 per gram on the 17th of December as demand picked up amid a weak dollar showing.

December 2017 - Week 3 (18th - 24th)

  • When the week began, the yellow metal was recorded trading at Rs.2,923 per gram on the 18th with firmer equities and a buoyant dollar and the US tax reform expected to be approved during the week
  • However, investors and stockists refrained from equities speculating the final result of the country’s biggest tax overhaul on the US economic growth. This led to gold rate in Coimbatore surging to Rs.2,928 per gram and Rs.2,931 per gram on the 19th and the 20th.
  • Prices continued to gradually improve during the week with the Senate-approved tax bill resulting in the downfall of Asian stocks.
  • The yellow metal was priced at Rs.2,933 per gram on the 21st before rising to Rs.2,935 per gram on the 22nd amid the positive trend overseas.
  • Strong global demand coupled with a weakened dollar and poorly performing equities led to gold rate in Coimbatore surging to Rs.2,956 per gram on the 23rd.
  • The week concluded with the bullion trading firm at Rs.2,956 per gram on the 24th.

December 2017 - Week 4 (25th - 31st)

  • Gold rates in Coimbatore were recorded at Rs.2,947 per gram when the final week of December began.
  • A rise in gold prices in the international market led to an increased domestically as well. The yellow metal’s prices went up to Rs.2,956 per gram on the 26th of December.
  • The US dollar seemed to fall against other currencies, which prompted a Rs.18 increase on the 27th of December. The yellow metal traded at Rs.2,974 per gram on this day.
  • On the 28th, gold rates reached a one-month high figure as the US dollar began to fall further, prompting gold to trade at Rs.2,985 per gram.
  • On the 30th, gold was seen trading at Rs.3,015 per gram. According to reports, “today’s gold rate” increased because of the unending geopolitical concerns between the US and North Korea and also the inflation in the US.
  • When trading for the week came to an end, the yellow metal was priced at Rs.3,020 per gram.
Parameters Gold price (24 karat)
Gold rate on 1st November 2017 Rs.2,988 per gram
November 31 Rate Rs.2,992 per gram
Highest Rate in November 2017 Rs.3,031 per gram on 18 and 19 November
Lowest Rate in November 2017 Rs.2,974 per gram on 6 November
Overall Monthly Performance Incline
Percentage Change 0.13%
Comparison for 24 K Gold Rates for Coimbatore November 2017
Graph for Gold Rate (24K) in Coimbatore November 2017

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

  • Gold started off on a weak note this week amid a strengthening US dollar. The metal was priced at Rs.2,988 per gram on the 1st of November.
  • Gold rate in Coimbatore dropped to Rs.2,985 per gram on the 2nd, as local demand remained on the weaker side, even though there was a slight increase in global trading cues.
  • On the 3rd, gold price in Coimbatore went down to Rs.2,985 per gram as dollar seemed to strengthened against other apex currencies.
  • The soon-to-be announced US job data saw investors exercise a degree of caution on the 4th. This led to gold trading at Rs.2,979 per gram. Another reason for the fall was the increase in equities’ investment in major markets around the world.
  • When the week ended, gold was priced at Rs.2,977 per gram as local demand failed to pick up due to weak trading cues.

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

  • Gold opened on a relatively weaker note amid a firm US dollar value, and the yellow metal was trading at Rs.2,974 per gram on the 6th.
  • However, the dollar lost its sheen with investors speculating towards the end of the two-day monetary policy meeting. This led to gold price in Coimbatore rising to Rs.2,995 per gram on the 7th.
  • The dollar dropped further with equities markets concerned over the possible delays in the US tax reform. This resulted in prices rising further to Rs.3,002 per gram and Rs.3,008 per gram on the 8th and 9th respectively.
  • The 10th, however, witnessed gold rate in Coimbatore hitting the highest in nearly three weeks at Rs.3,015 per gram on account of increased buying from investors and jewellers amid a weaker US dollar.
  • Prices remained unchanged for the rest of the week owing to steady global demand amid a strong trend overseas.

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

  • When the week began, gold was priced at Rs.3,004 per gram.
  • Gold price in Coimbatore fell to Rs.3,007 per gram on the 14th as US treasury yields hit a new high.
  • A rise in demand saw gold rate in Coimbatore jump to Rs.3,018 per gram before falling to Rs.3,004 per gram on the 16th as Fed rate hike kept the bullion industry in check.
  • The 17th as well saw demand remain low, with the metal selling at Rs.3,007 per gram.
  • Gold traded at Rs.3,031 per gram on the 18th as tax cuts introduced by US President Donald Trump pushed rates up.
  • The final day of this week saw gold prices consolidating to end at Rs.3,025 per gram.

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

  • Gold opened at Rs.3,025 per gram when the week began in Coimbatore.
  • Gold price in Coimbatore fell to Rs.3,004 per gram on the 22nd as demand fell considerably as investors were ready to err on the side of caution.
  • The 22nd saw gold rate in Coimbatore improve slightly to trade at Rs.3,005 per gram before surging to Rs.3,013 per gram on the 23rd due to positive global cues.
  • Demand for the metal remained largely unchanged and the metal traded at Rs.3,012 per gram on the 24th.
  • But, as global demand began to fall, gold rates continued on at Rs.3,014 per gram over the last two days of this week.

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

  • Gold traded at Rs.3,011 per gram in Coimbatore when the week began.
  • A positive response from the Fed chair pushed gold rate in Coimbatore down to Rs.3,008 per gram on the 28th before continuing at the same rate on the 29th as well.
  • The 30th was a poor day for gold trading as the US economy saw a considerable improvement on the back of strong economic data.
  • When the week came to an end, the yellow metal was being traded at Rs.2,992 per gram - a Rs.19 decline since the beginning of the week.
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 October 2017 Rs.3,059 per gram on 14 and 15 October
Lowest Rate in October 2017 Rs.2,997 per gram on 6, 27, 30, and 31 October
Overall Monthly Performance Decline
Percentage Change -1.41%
Comparison for 24 K Gold Rates for Coimbatore October 2017
Graph for Gold Rate (24K) in Coimbatore October 2017

October 2017 - Week 1 (1st -7th)

  • Trends seen across other Indian cities were reflected in Coimbatore as gold prices fell steadily over the course of the week due to poor demand.
  • The yellow metal traded at Rs.3,040 per gram on 1 October but prices soon dipped as investors and jewellers lowered orders.
  • The metal traded at Rs.3,034 per gram on 2 October before plunging to Rs.3,010 per gram on 3 October due to a sharp increase in the dollar rate.
  • Anticipation over the release of positive U.S. employment data kept investors away from gold, with international demand also low due to high import rates.
  • Local demand also dropped as gold traded at Rs.3,005 per gram on 5 October, falling to Rs.2,997 per gram on 6 October on global cues.
  • There was a rise in gold price in Coimbatore as the week drew to a close, with gold trading at Rs.3,017 per gram on 7 October.

October 2017 - Week 2 (8th -14th)

  • Gold prices in Coimbatore began for the week at Rs.3,017 per gram and surged to Rs.3,027 per gram on the 9th as a weaker dollar pushed gold rates up slightly.
  • On the 10th, gold rates went up to Rs.3,036 per gram as demand in the city increased due to positive cues from the global market.
  • Gold rates, however, fell slightly on the 11th to Rs.3,033 per gram as sales tightened following a slowdown in trade in Indian and international markets.
  • But, inflation data from the US brought about an increase in demand for gold on the 12th. Gold was trading at Rs.3,041 per gram on this day’s closing time.
  • Even though there was a high demand in the international markets, gold rates in Coimbatore declined to Rs.3,031 per gram on the 13th.
  • The final day of this week, however, saw gold prices surge to Rs.3,059 per gram. This was because of an increase in safe-haven purchases in the western markets.

October 2017 - Week 3 (15th - 21st)

  • Gold rates in Coimbatore opened Rs.3,059 per gram on the 15th of October.
  • Rates fell to Rs.3,048 per gram on the 16th as the US dollar gained considerably over other major currencies of the world. Besides this, the Asian stock markets also showed positive growth, which reduced the demand for the yellow metal.
  • On the 17th, gold price in Coimbatore decreased to Rs.3,027 per gram as US Treasury Bonds offered optimal returns, strengthening the greenback furthermore.
  • Gold rate in Coimbatore went down on the 18th to Rs.3,023 per gram despite there being a high demand for gold in most cities in the country.
  • When trading ended on the 19th, gold rates had fallen to Rs.3,021 per gram. However, gold demand bounced back as pre-Diwali demand pushed gold prices up to Rs.3,026 per gram.
  • The week drew to a close with the metal trading at Rs.3,027 per gram.

October 2017 - Week 4 (22-28):

  • Gold opened at Rs.3,027 per gram on the 22nd, when trading commenced in Coimbatore.
  • With the dollar gaining over other major currencies, demand for the precious metal declined, thus, pushing prices down to Rs.3,006 per gram on the 23rd.
  • The 24th witnessed gold rate in Coimbatore rising to Rs.3,009 per gram as the dollar weakened with investors anxious about an early announcement from Trump on the US Federal Reserve chair.
  • Gold price in Coimbatore plunged to Rs.3,001 per gram the next day as demand for gold declined against firm equity markets, and a strong dollar rate.
  • Reduced demand from investors and local jewellers resulted in gold rates dropping further to Rs.3,000 per gram on the 26th.
  • On the 27th, Chennai witnessed the yellow metal prices hit their lowest in nearly three weeks at Rs.2,997 per gram. The sole reason being the European Central Bank’s decision to extend its monetary stimulus, pushing the dollar higher.
  • With positive global trends leading to an increased local demand, the yellow metal was trading at Rs.3,006 per gram when the week ended on the28th.

October 2017 - Week 5 (29th- 31st)

  • Gold rates in Coimbatore didn’t witness much of a change with regard to gold rates.
  • On the 29th, when the week began, gold was priced at Rs.3,006 per gram.
  • As investors awaited the outcome of the two-day meeting, gold rates the world over dropped. Due to this gold rates went down to Rs.2,997 per gram on the 30th of the month.
  • Markets remained low but stable for the metal to trade at Rs.2,997 per gram on the 31st of October as investors awaited the outcome of the Federal Reserve meeting.
Parameters Gold price (24 karat)
September 1 Rate Rs.2,995 per gram
September 30 Rate Rs.3,040 per gram
Highest Rate in September Rs.3,102 per gram on 8 September
Lowest Rate in September Rs.2,995 per gram on 1 September
Overall Monthly Performance Incline
Percentage Change 1.50%
Comparison for 24 K Gold Rates for Coimbatore September'17
Graph for Gold Rate (24K) in Coimbatore September 2017

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

  • When the week began on September 1st, gold was priced at Rs.2,995. This was a result of weak demand from jewellers and investors.
  • The 2nd and 3rd saw prices bump up slightly to Rs.2,997 per gram due to a sustained purchasing trend.
  • As news about North Korea conducting its most powerful nuclear test broke out, gold rates surged massively to go up to Rs.3,081 per gram on the 4th of September.
  • Demand, however, fell on the 5th as the sudden spike in sales couldn’t be sustained. The metal was selling at Rs.3,068 per gram on the 6th but increased to Rs.3,087 per gram as trading levels increased.
  • On the 8th, gold price in Coimbatore ascended to a 11-month high figure of Rs.3,102 per gram as a result of falling markets.
  • The last two days of the extended week saw gold trade at Rs.3,095 per gram as purchases went down slightly due to reduced demand.

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

  • The second week of September began with gold trading at Rs.3,074 per gram in Coimbatore gold prices dropped due to a decrease in demand.
  • Local demand was poor after a month of record highs, with gold prices dropping in spite of favourable market conditions and a low U.S. dollar rate.
  • Gold fell to Rs.3,055 per gram on 12 September following a minor rally by markets in the U.S. but soon rose to Rs.3,068 per gram on 13 September.
  • Persistent war rhetoric and an escalation of tensions with North Korea led to wildly fluctuating markets, though this had little impact on gold rates, which fell to Rs.3,051 per gram on 14 September.
  • Local jewellers were cautious of increasing orders and retail demand fell due to prohibitively high prices, resulting in there being no change in the gold price in Coimbatore for the rest of the week.
  • Gold ended the week trading at Rs.3,051 per gram on 17 September due to a combination of weak demand and market conditions.

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

  • Gold prices in Coimbatore began at Rs.3,035 per gram when trading commenced for the third week of September.
  • Prices fell to Rs.3,030 per gram the next day as gold demand seemed to stagnate internationally due to upcoming Fed Reserve meetings.
  • On the 20th, gold rate in Coimbatore rose to Rs.3,045 per gram as the festive season pushed jewellers to increase their gold reserves.
  • Due to the US dollar strengthening, gold prices fell to Rs.3,026 per gram on the 21st. This was because the change in dollar value had a knock on effect on bullion sales.
  • Gold rate in Coimbatore rallied back on the 22nd of September to hit Rs.3,030 per gram as the North Korea - US stand-off took a new turn.
  • Gold prices in coimbatore remained at Rs.3,030 per gram during the last two days of this week as demand remained steady.

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

  • Gold prices in Coimbatore started at Rs.3,030 per gram when the week began on the 25th.
  • Prices rose to Rs.3,072 per gram on the 26th due to a rise in local demand and a subsequent weakening of the US dollar.
  • Gold rates, however, went down to Rs.3,051 per gram on the 27th as festive demand subsided after dollar rose amidst a possible Fed rate hike.
  • Gold price in Coimbatore remained largely subdued for the remaining days of the week as the festive season buying frenzy came to a halt.
  • On the 28th, the yellow metal was trading at Rs.3,030 per gram, before going down to Rs.3,028 per gram the next day.
  • The final day of this week saw gold selling at Rs.3,040 per gram, thanks a slightly increased buying.
Parameters Gold price (24 karat)
August 1 Rate Rs.2,926 per gram
August 31 Rate Rs.2,971 per gram
Highest Rate in August Rs.2,999 per gram on 29 August
Lowest Rate in August Rs.2,899 per gram on 3 August
Overall Monthly Performance Incline
Percentage Change 1.53%
Comparison for 24 K Gold Rates for Coimbatore August'17
Graph for Gold Rate (24K) in Coimbatore August 2017

August ‘17 - Week 1 (1st to 6th)

  • Gold prices in Coimbatore fell as the week began due to poor demand from jewellers as well as consumers.
  • The metal opened the week trading at Rs.2,926 per gram on 1 August before dropping to Rs.2,917 per gram on 2 August due to a reduction in demand form Asian markets.
  • The price of gold in Coimbatore fell further, trading at Rs.2,899 per gram on 3 August as the U.S. dollar recovered from its bad spell, resulting in a decrease in demand from overseas markets.
  • Prices recovered to trade at Rs.2,920 per gram on 4 August as local markets increased orders.
  • The week ended with gold price in Coimbatore falling to Rs.2,900 per gram on 5 & 6 August on account of weak offtake from overseas as well as reduced demand from local consumers.

August ‘17 – Week 2 (7th to 13th)

  • In Coimbatore, gold started the second week of August at a price of Rs.2,901 per gram.
  • As demand went up slightly on the 8th, gold rate in Coimbtore went up to Rs.2,906 per gram and then to Rs.2,917 per gram on the 9th.
  • Due to a surge in global demand, global prices saw one of the biggest rises yet as they went up by Rs.30 to trade at Rs.2,947 per gram on the 10th of August.
  • Concerns regarding an ugly stand-off between the US and North Korea led the market to a frenzy which led to prices going up to Rs.2,977 per gram on the 11th.
  • Demand remained the same on the last two days of the second week and gold was seen trading at Rs.2,977 per gram when the week came to an end.

August ‘17 - Week 3 (14th to 20th)

  • Coimbatore’s gold prices fluctuated towards the middle of the third week of August due to a combination of declining demand and market conditions.
  • Gold was priced at Rs.2,962 per gram on 14 & 15 August as demand dipped marginally in the run-up to independence day.
  • Prices fell sharply on 16 August, trading at Rs.2,940 per gram due to a sudden resurgence by the dollar as well as a decline in Asian demand ahead of the U.S. Federal Reserve meeting.
  • Prices rebounded and rose to trade at Rs.2,969 per gram on 17 August as the dollar fell on renewed tensions between the United States and North Korea.
  • The attacks in Barcelona led to markets fluctuating but gold price in Coimbatore were not adversely impacted, trading at Rs.2,942 per gram on 18 August.
  • Prices recovered as the week drew to a close, with the dollar falling after the full scale of the attacks in Barcelona and subsequent impact were felt, with gold trading at Rs.2,951 per gram on 19 & 20 August.

August 2017 – Week 4 (21st - 27th)

  • When trading began for the fourth week of August, gold was priced at Rs.2,950 per gram.
  • As demand increased due to a upswing in investors’ sentiments, gold prices went up to Rs.2,965 per gram on the 22nd.
  • Gold price in Coimbatore slid down to Rs.2,963 per gram on the 23rd of August because the rise in demand was brought down slightly as investors took a cautious approach.
  • The yellow metal’s prices went up marginally to Rs.2,965 per gram as concerns over US and its new economic policy gripped the market.
  • Over the last three days of the week, gold rate in Coimabtore remained at Rs.2,967 per gram, which was brought about by a steady demand.

August 2017 – Week 5 (28th - 31st)

  • In line with trends seen across other major Indian cities, demand for gold in Coimbatore fluctuated due to vagaries in demand and market conditions.
  • Gold was priced at Rs.2,942 per gram on 28 August as demand dipped sharply following the central bankers meeting in Jackson Hole.
  • The bullish market was short-lived as concerns over North Korea’s missile tests led to investors buying large amounts of the yellow metal, whose price rose to a monthly-high of Rs.2,999 per gram on 29 August.
  • Prices began to fall as local demand was muted in spite of favourable cues such as a low U.S. dollar rate, with gold trading at Rs.2,973 per gram on 30 August.
  • Gold rate in Coimbatore dropped further as the month ended, trading at Rs.2,971 per gram on 31 August
Parameters Gold price (24 karat)
July 1 Rate Rs.2,950 per gram
July 31 Rate Rs.2,925 per gram
Highest Rate in June Rs.2,950 per gram on 1 July
Lowest Rate in June Rs.2,796 per gram on 11 July
Overall Monthly Performance Decline
Percentage Change -0.84%
Comparison for 24 K Gold Rates for Coimbatore July'17
Graph for Gold Rate (24K) in Coimbatore July 2017

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

  • On the first day of the month, gold traded at Rs.2,950 per gram in Coimbatore and continued to trade at this price the next day as well.
  • However, due to reduced demand for this yellow metal, gold rate reduced the next day to be priced at Rs.2,935 per gram.
  • There were a number of variations noted in the price of gold as the week progressed.
  • As of monetary tightening by many global central banks, the value of the U.S. dollar was quite low.
  • The price of gold reduced to trade at Rs.2,900 per gram on 5 July due to a fall in the demand for this metal from domestic markets.
  • Gold rate recovered slightly on 6 July to be priced at Rs.2,901 per gram before falling to trade at Rs.2,875 per gram on the last two days of the first week.

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

  • Gold rate in Coimbatore remained steady during this week albeit hovering too close to four-month lows in the international market.
  • In Coimbatore, the week began on the 10th with gold trading at Rs.2,831 per gram.
  • However, positive news about US job growth surfaced, gold prices fell to Rs.2,796 per gram on the 11th.
  • The sharp increase in US market data was halted by the controversy about president Trump’s Russia links.
  • Gold price in Coimbatore went up by Rs.17 per gram to reach Rs.2,813 per gram on the 12th as the latest Trump family issue brought about an increase in prices.
  • The fall in US dollar rate somewhat subsided as gold rates went down marginally to Rs.2,810 per gram on the 13th.
  • On the back of rising jobs in the US, dollar rate was somewhat on the increase, leading to gold trading at Rs.2,803 per gram on the 14th.
  • As the latest Trump scandal escalated, gold price went up to Rs.2,818 per gram on the 15th and continued at the same rate till the end of the 16th.

July 2017 - Week 3 (17th to 23rd)

  • Trade in gold was on the ascent in Coimbatore in the third week of July, with gold opening the week at Rs.2,822 per gram on 17 July.
  • Market instability as well as a weak U.S. dollar led to increased demand for the precious metal, resulting in prices rising to Rs.2,845 per gram on 19 July.
  • Local demand was low due to the impact of GST as well as it being lean season for the metal, but prices still rose to Rs.2,869 per gram on 20 July.
  • Increased demand from Asia coupled with poor stock market performance led to gold prices spiking to Rs.2,897 per gram on 21 July.
  • Gold price in Coimbatore started to stabilise as the week drew to a close, resulting in gold ending the week trading at Rs.2,917 per gram on 23 July.

July 2017 - Week 4 (24th to 31st):

  • Gold prices in Coimbatore followed a similar trend to that of India with the yellow metal trading at Rs.2,918 per gram on the 24th.
  • Prices fell over the next couple days, hitting Rs.2,910 per gram on the 25th and then Rs.2,897 per gram on the 26th, as domestic demand from jewellers were subdued.
  • Concerns over US President Donald Trump’s administration brought about an increase in prices on the 27th. Rates went up by Rs.23 to Rs.2,920 per gram as global demand increased.
  • Gold rates fell marginally to Rs.2,913 per gram on the 28th but surged the next day as concerns over a North Korean stand-off forced the market into panic mode.
  • The yellow metal was trading at Rs.2,926 per gram on the 29th and, as demand remained constant, didn’t see much of a change on the 30th.
  • The last day of the week and month, however, saw gold rates drop by a small margin to end the day at Rs.2,925 per gram.

Gold has been considered a safe investment as it negate any rise in inflation. One can choose to invest in any of the following gold options in Coimbatore.

  • Jewelry – The love for jewelry among Indians is well known and jewelry constitutes the major portion of gold investments in Coimbatore. Jewelry can be sold or exchanged for good rates, making it an investment for all seasons.

  • Gold Bullion Bars – Gold bullion bars are an ideal investment option for those who can afford them. These bars can weigh up to 1 kg each and are highly desired across the world. With 99.5% purity these bars can be perfect for those who wish to invest in a commodity which has no risk.

  • Gold Bullion Coins – Gold coins are today considered the safest and smartest investment in gold. People in Coimbatore prefer buying gold coins rather than jewelry as there is no wastage or making charge involved with gold coins. They are easy to liquidate and can offer instant money when the need arises.

  • Gold Accumulation Plan – This new investment method revolves around people depositing small amounts of money into an account on a monthly basis. After a specified period the investor can choose from gold bars/coins or jewelry, as per the needs.

  • Allocated Gold Accounts – This plan is perfect for those who wish to own gold but do not want to keep it with them. Investing in gold account ensures that banks keep the gold safe and secure and the owner can access the gold when need be.

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 Performance Decline
Percentage Change -0.50%
Comparison for 24 K Gold Rates for Coimbatore June'17
Graph for Gold Rate (24K) in Coimbatore June 2017

June 2017 - Week 1 (1st-4th):

  • Coimbatore saw gold prices gain start on a comparative high but fall on the second day of the week to pick back up again.
  • The 1st of June saw gold trading at Rs.2,977 per gram which then went down to Rs.2,965 per gram due to an unusually buoyant dollar and low demand.
  • However, prices went up to Rs.2,998 per gram on 3rd due to misgivings in the US political scene.
  • Add to that, the US-EU axis was also strained which led to gold prices maintaining the price of Rs.2,998 per gram when the week came to an end.

June 2017 - Week 2 (5th - 11th)

  • In Chennai’s neighbouring city, Coimbatore, gold prices ebbed and flowed throughout the week, owing to shaky demand.
  • On the 5th, gold was priced at Rs.3,025 per gram and then went up to Rs.3,030 per gram on the 6th as US Labour Department’s Employment Report created quite a stir.
  • The 7th was carried by the momentum from the 6th as prices went up by Rs.5 to reach Rs.3,030 per gram.
  • It was consolidation time when the 8th began, and gold prices went down by Rs.18 to Rs.3,012 per gram.
  • Prices went down on the 9th as well to Rs.2,987 per gram as demand kept tumbling.
  • Gold prices went down to Rs.2,981 per gram on the 10th and remained the same at the end of the week.

June 2017 - Week 3 (12th-18th)

  • Due to a number of fluctuations in the demand for this precious metal, there were a lot of variations noted in the rate of gold during the third week of June, in Coimbatore.
  • On the first day of the week, gold was priced at Rs.2,983 per gram and fell the next day to be priced at Rs.2,967 per gram.
  • There was a marginal recovery noted in the price of gold the next day with this metal trading at Rs.2,973 per gram.
  • However, as the demand for this metal fell, the rate of gold reduced as well.
  • There were also issues regarding banks’ import of bullion due to lack of clarity on GST which in turn had an impact on the rate of gold.
  • On the 16th of June, gold was priced at Rs.2,954 per gram and increased by Re.1 on the last day of the week to trade at Rs.2,955 per gram.

June 2017 - Week 4 (19 to 25)

  • Fluctuations in the price of gold during the week were recorded as a result of the fluctuating U.S. Dollar as well as the unstable stock markets.
  • Gold was priced at Rs.2,949 per gram on 19 June after which prices fell marginally due to a decrease in demand.
  • Prices soon recovered, with gold trading at Rs.2,958 per gram on 22 June as demand from jewellers increased due to an increase in consumer demand.
  • Local demand spiked due to a poor run by the stock markets and led to a rise in demand for gold, which traded at Rs.2,965 per gram on 23 June.
  • As the week drew to an end, prices were more or less stable due to a near constant demand from industry as well as jewellers.
  • Gold was priced at Rs.2,964 per gram on 25 June, recording an increase of Rs.15 over the course of the week.

June ’17 – Week 5 (26 to 30)

  • Gold prices in Coimbatore saw marginal losses over the course of the last week of June but the increased demand by jewellers helped mitigate some of the losses.
  • Gold was priced at Rs.2,977 per gram on 26 June as the U.S. Dollar opened weaker than expected, which increased demand for the yellow metal across global markets.
  • Prices fell sharply the subsequent day, trading at Rs.2,957 per gram on 27 June due to a reduction in overseas demand which led to domestic trade volumes also being affected.
  • A higher U.S. Dollar took some sheen off the precious metal but higher demand from retail customers as well as jewellers before the imposition of the GST regime led to prices recovering marginally.
  • Gold traded at Rs.2,970 per gram on 28 June but fell as the month came to an end as international demand was poor.
  • Gold ended the month trading at Rs.2,962 per gram on 30 June.
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 1st May
Lowest Rate in May Rs.2,889 per gram on 11th May
Overall Performance Decline
Percentage Change -0.53%
Comparison for 24 K Gold Rates for Coimbatore May'17
Graph for Gold Rate (24K) in Coimbatore May 2017

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

  • Due to variations in the demand for gold, the rate of this precious metal kept varying throughout the first week of the month in Coimbatore.
  • Gold was priced at Rs.2,984 per gram on the 1st of May and decreased marginally the next day to trade at Rs.2,952 per gram.
  • Due to a fall in demand in international markets as well as a rise in the value of the U.S.Dollar, the rate of gold declined further as the week progressed.
  • Gold was priced at Rs.2,947 per gram on the 3rd of May and decreased even further to trade at Rs.2,922 per gram on the 4th of May.
  • On the 5th of May, gold rate reduced even further to trade at Rs.2,908 per gram.
  • As the demand for this metal plunged even further, gold closed at Rs.2,899 per gram on the 7th of May.

May 2017 – Week 2 (8th -14th)

  • Coimbatore gold prices rose marginally as the week began before dropping due to a decline in demand brought about by geopolitical factors as well as a steadily strengthening U.S. Dollar.
  • Gold traded at Rs.2,896 per gram on 8th May as demand was relatively stable following a surge in price the previous week.
  • In a departure from prevalent trends, gold rose to Rs.2,904 per gram on 9th May before prices fell due to a decline in demand as investors moved away from gold investments.
  • Markets rallied and the U.S. Dollar also gained on global currencies, which led to a drop in overall demand for gold.
  • The week ended with gold trading at Rs.2,891 per gram on 14th May, recording a decline in price of Rs.5 during the week.

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

  • When trading started for the week of 15th, gold was priced at Rs.2,888 per gram, which rose over the next few days due to Brexit concerns.
  • On 16th, gold rates increased to Rs.2,894 per gram before going up again to Rs.2,910 per gram.
  • The 18th saw one of the biggest increase in gold rates as they reached Rs.2,958 per gram amidst news of Donald Trump’s interference in a federal investigation.
  • However, after the brexit woes were dealt with, gold rates seemed to consolidate as they went to Rs.2,954 per gram on the 19th.
  • For the next days, i.e., the 20th and the 21st, gold rates remained unchanged at Rs.2,954 per gram.

May 2017 – Week 4 (22nd - 28th)

  • On the 22nd of May in Coimbatore, this yellow metal was priced at Rs.2,956 per gram due to relatively low demand from domestic markets.
  • The price of gold rose slightly on the 23rd to Rs.2,971 per gram. It is interesting to know that, investors largely remained on the sidelines despite the Manchester blasts and hence there was no visible impact on the price of this metal.
  • Gold rate reduced again to trade at Rs.2,956 per gram on the 24th of the month as a result of falling demand. This rate was noted on the 25th of the month as well.
  • On the 26th of May, gold traded at Rs.2,969 per gram which was a slight increase in the rate before further rising to be priced at Rs.2,979 per gram on the 27th and 28th of May.

May ’17 – Week 5 (29th to 31st)

  • The price of gold in Coimbatore was on the decline in the last week of May, continuing a trend seen in the previous week.
  • Gold was priced at Rs.2,977 per gram on 29th May as demand was muted due to stable stock markets across the globe, which reduced demand for the safe-haven asset.
  • Prices rose marginally to trade at Rs.2,979 per gram on 30th May as demand increased due to a minor surge in demand from industry.
  • Prices fell as the month ended, with gold trading at Rs.2,968 per gram on 31st, registering a decline of 0.53% over the course of May.
April 1st Rate Rs.2,956 per gram
April 30th Rate Rs.2,984 per gram
Highest Rate in April Rs.3,035 per gram on the 22nd and 23rd of April
Lowest Rate in April Rs.2,954 per gram from the 8th and 9th of April
Overall Performance Increase
Percentage Change 0.94%
Comparison for 24 K Gold Rates for Coimbatore April'17
Graph for Gold Rate (24K) in Coimbatore April 2017

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

  • The rate of gold in Coimbatore was quite high during the beginning of the first week of April but steadily declined thereafter.
  • Gold rate in Coimbatore was Rs.2,956 per gram on the 1st of the month and stayed stable at this rate until the 3rd of April due to steady demand from jewellers.
  • Due to increased demand, the price of gold rose to Rs.2,987 per gram before decreasing the next day to trade at Rs.2,974 per gram.
  • The price of gold continued to decline over the next few days due to decreased offtake of this metal. Gold traded at Rs.2,970 per gram on the 7th of April.
  • Rates fell again to trade at Rs.2,954 per gram on the 8th of April and stayed steady at this rate until the end of the first week of April.

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

  • On 10th, gold was trading at Rs.2,956 per gram in Coimbatore which went up to Rs.3,001 within on 12th.
  • When trading began on 13th, prices seemed to go up again as domestic and international demand rallied to bring prices up to Rs.3,018 per gram.
  • Gold rate in Coimbatore went up the 14th as well as the metal was seen trading at Rs.3,028 per gram.
  • When the week came to an end, gold trading prices were holding at Rs.3,040 per gram.

April 2017 - Week 3 (17th-23rd)

  • A number of fluctuations were noted in the price of gold during the third week of April in Coimbatore.
  • Gold was priced at Rs.3,033 per gram on the 17th of April due to slightly low demand for this metal. However, on the 18th of April, the gold rate in Coimbatore reduced even more due to a fall in the demand to trade at Rs.3,026 per gram.
  • On the 19th of April, a slight increase in the value of the U.S.Dollar resulted in a fall in the price of the metal. Gold was priced at Rs.3,022 per gram and reduced even more the next day to trade at a weekly low amount of Rs.3,018 per gram.
  • As the week progressed, the price of gold started to slowly recover trading at Rs.3,022 per gram on the 21st of April.
  • On the last two days of the week, gold was priced at Rs.3,035 per gram due to increased and steady demand for this metal.

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

  • There were a number of fluctuations noted in the rate of gold in Coimbatore during the final week of April due to market conditions.
  • Gold traded at Rs.2,998 per gram on the 24th of April due to reduced demand for this precious metal from domestic markets. This rate was also seen the next day.
  • As the value of the dollar went up, the price of gold fell as well to trade at Rs.2,973 per gram on the 26th of April and reduced even further the next day to trade at Rs.2,962 per gram.
  • A marginal recovery was noted in the price of gold thereafter, however there were variations noted in the rate of this metal due to geopolitical factors.
  • On the last day of the month, gold was priced at Rs.2,984 per gram due to a fall in the demand for this metal.
March 1st Rate Rs.2,994 per gram
March 31st Rate Rs.2,942 per gram
Highest Rate in March Rs.2,994 per gram on 1st March
Lowest Rate in March Rs.2,906 per gram on 15th March
Overall Performance Decline
Percentage Change -1.73%
Comparison for 24 K Gold Rates for Coimbatore March'17
Graph for Gold Rate (24K) in Coimbatore March 2017

March 2017 - Week 1 (1st - 4th):

  • In Coimbatore, gold rates saw some brief fluctuations.
  • The 1st saw gold trading at Rs.2,994 per gram which then decreased to Rs.2,992 per gram.
  • On 3rd, gold prices saw quite a significant drop to reach Rs.2,961 per gram - a decrease of Rs.33 per gram.
  • The week ended with the yellow metal trading at Rs.2,972 per gram, thanks to an increase in demand.

March 2017 - Week 2 (5th - 11th):

  • Gold rates in Coimbatore didn’t deflect much from that of its neighbouring city Chennai.
  • The week began on 5th with gold priced at Rs.2,972 per gram which went down to Rs.2,971 per gram.
  • On 7th, gold rates slipped up by Rs.27 to reach Rs.2944 per gram and went down again to Rs.2,931 per gram on 9th.
  • Rates seemed to pick up on 10th to hit Rs.2,951 per gram but went down during the next day to trade at Rs.2,931 per gram.
  • Gold prices picked up on the last day of the week for the metal to trade at Rs.2,945 per gram.

March 2017 - Week 3 (12th-18th):

  • Gold traded at a high rate during the beginning of the third week of March in Coimbatore but reduced as the week progressed.
  • Gold traded at Rs.2,947 per gram on 13th March and reduced to Rs.2,929 per gram on 14th March due to a fall in the demand for this precious metal.
  • Rate of this precious metal continued to plummet as gold traded at Rs.2,906 per gram on 15th March in spite of global prices rising due to higher demand.
  • The rate of gold recovered slightly to trade at Rs.2,931 per gram on 16th March as domestic demand recovered. A drop in the U.S. Dollar led to demand rising as gold traded at Rs.2,935 per gram on 17th March.
  • Rates increased for the rest of the week, trading at Rs.2,940 per gram on 18th March.

March 2017 - Week 4 (19th-25th):

  • Gold rate trends in Coimbatore remained the same as it was in neighbouring city Chennai.
  • On 20th, gold was priced at Rs.2,941 per gram but went down due to slight lack of demand on 21st to Rs.2,933 per gram.
  • Rates increased significantly by Rs.44 per gram on 22nd as gold prices rallied after a short decline from the previous day.
  • When business began on 23rd, gold prices went down slightly to trade at Rs.2,973 per gram and went down again on 24th to Rs.2,965 per gram as the US dollar strengthened.
  • Rates remained the same over the last two days of week 4 at Rs.2,964 and continued at the same rate when the week ended.

March 2017- Week 5 (26th-31st):

  • In Coimbatore gold rates saw a decreasing demand as demand wasn’t as good.
  • Gold was trading at Rs.2,979 per gram on 27th before going down to Rs.2,974 per gram on 28th.
  • On 29th, gold rate in Coimbatore went down again to Rs.2,962 per gram as local demand didn’t pick up despite a growing trend in the international market.
  • When business day ended on 30th, gold prices had gone down to Rs.2,960 per gram as demand failed to pick up.
  • When the last week of March came to an end, gold was trading at Rs.2,942 per gram.
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 & 26th February
Lowest Rate in February Rs.2,940 per gram on 3rd February
Overall Performance Incline
Percentage Change +1.48%
Comparison for 24 K Gold Rates for Coimbatore February '17
Graph for Gold Rate (24K) in Coimbatore February 2017

February 2017 - Week 1 (1st-4th):

  • When the week began on 1st, gold was trading at Rs.2,957 per gram and continued at the same rate on 2nd as well.
  • As global demand fell slightly amidst strengthening dollar, gold prices fell to Rs.2,940 per gram on 3rd.
  • The 4th saw prices increase slightly to end the first week of February at Rs.2,944 per gram.

February 2017 - Week 2 (5th-11th)

  • While demand was high at the beginning of the week, prices dropped towards the end of the week due to fluctuations in demand.
  • Gold was priced at Rs.2,944 per gram on 5th February as retail demand was strong and industrial demand also rose.
  • Prices rose to Rs.2,954 per gram on 6th February, an increase of Rs.10 per gram as markets appeared to be losing steam due to ambiguities over the immigration ban imposed in the United States.
  • Gold continued to trade high on strong demand from investors, reaching Rs.2,989 per gram on 8th February.
  • Prices dipped as the week ended, with gold trading at Rs.2,946 per gram on 10th February, the price falling by Rs.43 per gram.
  • Gold ended the week trading at Rs.2,964 per gram on 11th February, an overall increase of Rs.20 per gram.

February 2017 - Week 3 (12th-18th)

  • Demand for gold was steady during the week, with gold trading at Rs.2,964 per gram on 12th February.
  • Gold prices fell to Rs.2,959 per gram on 13th February as demand from the industrial sector dropped and the U.S. Dollar rose, reducing demand.
  • Prices dropped to Rs.2,953 per gram on 14th February as retail demand was also muted domestically, in spite of demand rising overseas.
  • Gold fell to a weekly low of Rs.2,947 per gram on 15th February before rising to Rs.2,980 per gram on 16th February.
  • Prices continued to rise as the week ended, with gold trading at Rs.2,990 per gram on 17th February.
  • Prices dropped to Rs.2,980 per gram on 18th February, registering a rise on price of Rs.16 per gram.

February 2017 - Weeks 4 & 5 (19th-28th)

  • Gold prices were more or less steady in Coimbatore during the week, trading at Rs.2,980 per gram on 19th February.
  • Prices dipped due to a drop in industrial demand, trading at Rs.2,976 per gram on 20th & 21st February.
  • Gold fell further to Rs.2,967 per gram on 21st February before recovering to trade at Rs.2,977 per gram on 22nd February.
  • Prices rose to Rs.3,000 per gram on 24th February as U.S. markets dropped sharply and currencies also fell.
  • Prices reached a monthly high of Rs.3,014 per gram on 25th & 26th February.
  • Prices fell as the month ended, trading at Rs.3,001 per gram on 28th February to record a weekly increase of Rs.21 per gram and a monthly increase of 1.48%.
January 1st Rate Rs.2,821 per gram
January 31st Rate Rs.2,957 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 & 2nd January
Overall Performance Incline
Percentage Change +4.82%
Comparison for 24 K Gold Rates for Coimbatore January '17
Graph for Gold Rate (24K) in Coimbatore January 2017

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

  • Courtesy of the new year, gold prices were on a high for much of the week.
  • On the first day of the week and year, gold traded at Rs.2,821 per gram.
  • Over the 2nd and 3rd, gold prices remained the same, which increased by Rs.7 to trade at Rs.2,828 per gram.
  • When the business day began on the 4th, gold prices had increased considerably by Rs.29 to trade at Rs.2,857 per gram.
  • The next day on the 5th saw prices again increase to trade at Rs.2,869 per gram.
  • At the end of the week on the 7th, gold rates increased further more to trade at Rs.2,872 per gram.

January 2017 - Week 2 (8th to 15th)

  • Demand for gold was high as markets were unstable and consumer sentiment was positive.
  • Gold traded at Rs.2,872 per gram on 8th January, the price remaining unchanged from the previous week.
  • Prices rose marginally to trade at Rs.2,878 per gram on 9th January as demand increased gradually.
  • Gold prices increased by Rs.17 per gram to trade at Rs.2,895 per gram on 10th January as the U.S. Dollar fell slightly over concerns of a shaky start to the Trump presidency.
  • Trading in gold continued to see a rise as the metal was valued at Rs.2,914 per gram on 11th January, an increase of Rs.19 per gram.
  • Prices kept rising marginally as the week progressed, with gold trading at Rs.2,935 per gram on 12th January as domestic demand rose significantly.
  • The week ended with gold trading at Rs.2,941 per gram on 15th January, marking an increase in price of Rs.69 for the week.

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

  • There were quite a few fluctuations to be witnessed in Coimbatore during the third week of January.
  • On 15th, gold was seen trading at Rs.2,941 per gram, which increased to Rs.2,955 per gram on 16th.
  • The 17th saw prices increase yet again to end the business day at Rs.2,971 per gram.
  • Business slowed down on 18th as prices increased by just Rs.2 to hit Rs.2,971 per gram.
  • On 19th, prices fell significantly by Rs.20 which led to gold trading at Rs.2,951 per gram before continuing at the same rate on the 20th.
  • The last day of the week saw gold prices get back up slightly for the metal to trade at Rs.2,962 per gram.

January 2017- Weeks 4 & 5 (22nd to 31st)

  • Gold prices in Coimbatore followed the trend across the country, registering an increase in price as the week began but falling towards the end of the week.
  • Gold traded at Rs.2,962 per gram on 22nd January, with prices rising to Rs.2,974 per gram on 24th January due to higher demand from overseas markets.
  • Prices fell to Rs.2,951 per gram on 25th January as demand from Asia fell as gold purchases fell before Lunar New Year.
  • Domestic demand also declined, resulting in gold trading at Rs.2,911 per gram on 27th January.
  • Prices recovered to close at Rs.2,957 per gram on 31st January.
December 1st Rate Rs.2,890 per gram
December 31st Rate Rs.2,821 per gram
Highest Rate in December Rs.2,892 per gram on 1st and 2nd December
Lowest Rate in December Rs.2,767 per gram on 22nd December
Overall Performance Decline
Percentage Change -2.38%
Comparison for 24 K Gold Rates for Coimabatore December '16
Graph for Gold Rate (24K) in Coimbatore December 2016

December 2016 - Week 1 (1st to 4th)

  • Compared to the last week of November, gold prices fell by a huge margin during the 1st of December as it was traded at Rs.2,890 as compared to Rs.2,938.
  • As the aftereffects of the Rs.500 and Rs.1,000 ban still lingered, demand for gold purchases remained dormant.
  • There was only a slight change on the 2nd of December where in gold traded at Rs.2,892.
  • Gold traded at Rs.2,890 again at the end of the week on the 4th of December till the time of closing.

December 2016 - Week 2 (5th-11th)

  • Coimbatore was also victim to plenty of fluctuations throughout the second week of December.
  • On December 5th, gold traded at Rs.2,869 per gram and continued to do the same on December 6th.
  • On December 7th, gold prices increased slightly as they began to trade at Rs.2,972 per gram.
  • December 8th, though, wasn’t the same as it saw a considerable decrease in trading as prices hit Rs.2,963 per gram.
  • The subsequent day on December 9th again saw a decrease in gold prices as they went down by Rs.12 to trade at Rs.2,951 per gram.
  • December 10th and 11th saw the biggest fall as gold began trading at Rs.2,936 per gram, and remained the same till the closing hours of the week.

December 2016 - Week 3 (12th to 18th)

  • At the beginning of the week on the 12th, gold traded at Rs.2,836 per gram.
  • Prices stabilised till the 14th as the yellow metal was still trading at Rs.2,836 per gram.
  • On the 15th, prices saw a stark decrease as gold began to trade at Rs.2,800 per gram.
  • Prices again fell on the 16th as gold traded at Rs.2,785 per gram.
  • Demand for gold slightly increased as prices hit Rs.2,781 per gram on the 17th and remained the same at the end of the week on the 18th.

December 2016 - Week 4 (19th to 25th)

  • As was the case with the rest of the country, gold prices didn’t witness any major changes in Coimbatore too.
  • The week began with gold trading at Rs.2,790 per gram and slid down by R.2,780 per gram the next day.
  • On the 21st, prices increased slightly as the metal traded at Ts.2,782 per gram.
  • The 22nd however, saw prices decrease by over Rs.15 as it sold at Rs.2,767 per gram.
  • The fourth week of December ended with gold trading at Rs.2,773 per gram.

December 2016 - Week 5 (26th to 31st)

  • The price of gold in Coimbatore saw slow increases due to the shortage of liquidity in the market as a result of the policy of demonetisation.
  • Gold was priced at Rs.2,771 per gram on 26th December, with the price rising to Rs.2,804 per gram on 28th and 29th December.
  • Market uncertainty contributed to a rise in price, with gold trading at Rs.2,814 per gram on 29th December.
  • As the deadline for surrendering old demonetised currency neared, demand for gold rose, trading at Rs.2,830 per gram on 30th December.
  • The price of gold fell slightly to trade at Rs.2,821 per gram on 31st December.
1st November rate Rs.3,075 per gram
30th November rate Rs.2,942 per gram
Highest rate in November Rs.3,166 per gram on 9th November
Lowest rate in November Rs.2,932 per gram on 25th November
Overall performance Decline
% Change -4.33%
Comparison for 24 K Gold Rates for Coimbatore Novemeber '16
Graph for Gold Rate (24K) in Coimbatore Novemeber 2016

November '16 - Week 1 (1st to 6th)

  • Gold traded at Rs.3,075 per gram on 1st November.
  • Prices started to climb as demand in the domestic market was high.
  • On 3rd November, gold prices fell on account of uncertainty of the U.S. elections and the possibility of a Fed rate hike in December.
  • Gold prices started to increase again as wedding season demand gained momentum.
  • By November 5th and 6th, gold was trading at Rs.3,119 per gram, the highest for this week.

November '16 - Week 2 (7th to 13th)

  • Gold traded at Rs.3,083 per gram on 7th November and prices started to climb.
  • Demand for gold surged on 8th November night as people rushed to buy gold after Prime Minister Modi announced that Rs.500 and Rs.1,000 notes would not be legal tender from midnight.
  • Gold rates jumped to Rs.3,166 per gram on 9th November, the highest for this week.
  • The global market was affected by the U.S. elections and the prospects of a Fed rate hike in December.
  • The domestic market was affected by the surgical strike on black money and the requirement of PAN card to purchase gold in cash.
  • Gold prices dropped to Rs.3,059 per gram by the end of the week.

November '16 - Week 3 (14th to 20th)

  • Gold traded at Rs.3,054 per gram on 14th November.
  • Gold price were sliding down this week as the Indian economy experienced a shortage of cash after PM Modi announced his demonetisation scheme.
  • Gold fell to its lowest price this week on 18th November, trading at Rs.2,976 per gram.
  • Prices started to stabilise towards the end of the week as the wedding season kept demand up.
  • In the overseas markets, gold prices edged higher against a retreating dollar.

November '16 - Week 4 and 5 (21st to 30th)

  • The dollar climbed this week on account of positive economic data which raised the confidence levels of the U.S. Federal Reserve to increase the interest rate next month.
  • In the domestic market, demand for gold plunged as the demonetisation scheme played out resulting in a serious cash crisis in the Indian economy.
  • At the peak of the wedding season in India, jewellers and retailers have found their stores empty.
  • Gold traded at Rs.2,984 per gram on 21st November.
  • By the end of the month, prices had dipped to Rs.2,942 per gram.
  • The trend for this month was a decrease in gold prices by 4.33%.
1st October rate Rs.3,152 per gram
31st October rate Rs.3,065 per gram
Highest rate in October Rs.3,152 per gram on 1st and 2nd October
Lowest rate in October Rs.3,018 per gram on 17th October
Overall performance Decline
% Change -2.76%
Comparison for 24 K Gold Rates for Coimbatore October '16
Graph for Gold Rate (24K) in Coimbatore October 2016

October '16 - Week 1 (1st to 7th)

  • Gold traded at Rs.3,152 per gram on 1st October.
  • The trend for this week was a decline in prices as the global market turned bearish on account of rising expectations of a Fed rate hike.
  • Gold traded at Rs.3,027 per gram on 7th October as demand in the domestic market also fell.
  • A gloomy global market and stricter Indian tax laws led to a drastic fall in gold rates.

October '16 - Week 2 (8th to 14th)

  • Gold prices rose this week on account of positive trends overseas coupled with an increase in domestic demand.
  • On 8th October, gold traded at Rs.3,020 per gram
  • Gold rates climbed to Rs.3,030 per gram on 10th October and stayed constant till 13th October.
  • Prices dropped to Rs.3,025 per gram as global political and financial risks led to a weak trend in the overseas market.
  • Demand in the domestic market also dropped as jewellers and retailers reduced their offtake.

October '16 - Week 3 (15th to 21st)

  • Gold prices climbed this week on account of the wedding season giving demand a boost.
  • Gold traded at Rs.3,021 per gram on 15th October.
  • Prices of the yellow metal dropped on 17th October to Rs.3,018 per gram as expectations of the Fed rate hike grew strong.
  • Gold was able to recover as demand for the metal surged in the domestic market.
  • As trends overseas firmed up, gold climbed to Rs.3,049 per gram on 20th October, the highest for this week.

October '16 - Week 4 (22nd to 28th) & Week 5 (29th to 31st)

  • Gold traded at Rs.3,046 per gram on 22nd and 23rd October.
  • The global market turned positive for gold as the dollar weakened.
  • Festive demand kept gold rates up in the domestic market.
  • Speculations of the Fed rate hike indicated that it would be introduced gradually.
  • The highest price for this week fell on 29th and 30th October when gold traded at Rs.3,067 per gram.
  • High demand is expected to continue as the wedding season draws near.
  • The week closed with gold trading at Rs.3,065 per gram.
1st September rate Rs.3,120 per gram
30th September rate Rs.3,176 per gram
Highest rate in September Rs.3,197 per gram on 8th September
Lowest rate in September Rs.3,120 per gram on 1st September
Overall performance Increase
% Change 1.79%
Comparison for 24 K Gold Rates for Coimbatore September'16
Graph for Gold Rate (24K) in Coimbatore September 2016

September '16 - Week 1 and 2 (1st to 10th)

  • Gold traded at Rs.3,120 per gram on 1st September.
  • There were fluctuations through the week as the possibility of a U.S. Fed rate hike was unclear.
  • Gold reached its highest on 8th September trading at Rs.3,197 per gram and closed the week at Rs.3,181 per gram on 10th September.

September '16 - Week 3 (11th to 17th)

  • Gold rates plunged this week on account of rising expectations of a Fed rate hike this month.
  • The U.S. economy has released a spate of weak economic data, but officials are upbeat that the economy is strong enough to handle the hike.
  • Gold traded at Rs.3,181 per gram on 11th September.
  • Demand in the domestic market dropped as well with investors, retailers, jewellers and consumers being reluctant to buy gold.
  • By the end of the week, gold had shed 1.11% or Rs.35 and traded at Rs.3,146 per gram.

September '16 - Week 4 (18th to 24th)

  • Gold prices surged this week as domestic demand was strong on account of the festive season.
  • Gold traded at Rs.3,146 per gram on 18th September.
  • Prices climbed as the trend in the global market turned bullish as the pressure of a Fed rate hike eased up.
  • Gold rose to Rs.3,193 per gram on 24th September.

September '16 - Week 5 (25th to 30th)

  • Gold traded at Rs.3,193 per gram on 25 the September.
  • Prices gradually dropped owing to gloomy global trends and downturn in the domestic market.
  • By the end of the week, gold was seen trading at Rs.3,176 per gram.
  • As the dollar gains, prices are expected to drop further.
1st July rate Rs.3,201 per gram
31st July rate Rs.3,142 per gram
Highest rate in July Rs.3,229 per gram on 3rd August
Lowest rate in July Rs.3,148 per gram on 8th August
Overall performance Decline
% Change -1.84%
Comparison for 24 K Gold Rates for Coimbatore August'16
Graph for Gold Rate (24K) in Coimbatore August 2016

August '16 - Week 1 (1st to 7th)

  • Gold prices increased marginally as the week progressed with the prices reaching their peak mid-week.
  • The low Dollar and sluggish markets contributed to heightened gold demand, with domestic demand also increasing.
  • The release of NFP data showing high growth led to markets rising and gold demand falling significantly.
  • The strengthening Dollar led to reduced demand from overseas markets, leading to a fall in prices.

August '16 - Week 2 (8th-14th)

  • Gold traded at Rs.3,148 on 8th August and was on a path of inclination through the week.
  • Slow U.S. economic growth resulted in the dollar slipping.
  • Gold saw an increase in the domestic spot market which sent gold rates up to Rs.3,198 per gram on 10th August.
  • By the end of the week, gold traded at Rs.3,181 due to a weaker global market.

August '16 - Week 3 (15th-21st)

  • Gold gained strength this week as domestic demand is on the rise.
  • Gold traded at Rs.3,181 per gram on 15th August and climbed to Rs.3,203 per gram on 19th August, the highest for the week.
  • Playing off on global cues, prices fluctuated a bit as U.S. policymakers announced that the U.S. economy is strong enough to introduce a hike in the Federal Reserve interest rates this year.
  • Gold settled at Rs.3,200 per gram by the end of the week.

August '16 - Week 4 (22nd-28th)

  • On account of a stronger dollar, gold rates dropped this week.
  • By midweek, there was a slight increase in gold rates as jewellers increased their intake in preparation for the upcoming festive season.
  • Gold traded at Rs.3,184 per gram on 22nd August and fell to Rs.3,164 per gram on 27th August.

August '16 - Week 5 (29th-31st)

  • Gold continued to drop as the U.S. economy released strong job data.
  • Gold traded at Rs.3,156 per gram and dropped to Rs.3,142 per gram by 31st August.
  • The Federal Reserve is confident of a rate hike this year and might be much needed to avoid other risks to the economy.
  • The demand from jewellers in the domestic market has been sluggish on account of global cues.
1st July rate Rs. 3,129.50 per gram
31st July rate Rs. 3,214 per gram
Highest rate in July Rs. 3,214 per gram on July 30 and 31
Lowest rate in July Rs. 3,118.50 per gram on July 25
Overall performance Rising
% Change +3.06%
Comparison for 24 K Gold Rates for Coimbatore July'16
Graph for Gold Rate (24K) in Coimbatore July 2016

July'16 - Week 1 and 2 (1st to 10th)

  • Gold rates showed an overall increase with a few fluctuations through the week.
  • Gold prices were at Rs.3,128.50 on July 1st which was followed by rises and falls.
  • International trends in the market made gold a more appealing investment as a safe haven option, which sent prices to its highest on 6th July when gold traded at Rs.2,183.
  • Prices fluctuated further and closed the week at Rs.3,162.50.

July'16 - Week 3 (11th to 17th)

  • Gold prices fluctuated as demand dropped towards the middle of the week, only to stabilise as the week ended.
  • Prices were recorded at Rs.3,155 per gram on the first day of the week and Rs.3,146 on the last day of the week.
  • Prices were stable at the start of the week but fell sharply towards the middle due to reduction in demand, however gold recovered by the end of the week.

July '16 - Week 4 (18th to 24th)

  • Prices fluctuated throughout the week in Coimbatore.
  • Gold reached its highest for the week on 19th July trading at Rs.3,148.50 per gram.
  • Global trends have weakened the market leading to a rocky stance for gold.
  • A strong dollar backed by strong U.S. non-farming payroll data has sent gold prices sliding downward.
  • The week ended at Rs.3,130 marking a fall of Rs. 18.50 per gram.

July‘16 - Week 5 (25th to 31st)

  • Rate of gold was recorded at Rs.3,118.50 on the 25th of July.
  • Fluctuations over the next four days saw prices settle at Rs.3,168 on the 29th as minor gains were subsequently written off by losses on alternate days.
  • Prices rose to Rs.3,214 on the 30th of July and closed the month at the same rate.
1st June rate Rs.2,934
30th June rate Rs.3,105
Highest rate in June Rs.3,180 on 27th June
Lowest rate in June Rs.2,916 on 3rd June
Overall performance Rise
% Change +9.08%
Comparison for 24 K Gold Rates for Coimbatore Jun'16
Graph for Gold Rate (24K) in Coimbatore July 2016

Jun'16 - Week 1 (1st to 5th)

  • Prices dipped at the beginning of the month owing to a two-day fall at the domestic bullion market but this was overcome after there was a renewed off take from jewellery retailers and traders.
  • The rates managed to climb back up owing to the state of affairs in the U.S.
  • Prices rose on 5th June due to a weaker dollar resulting from a disappointing job report from the U.S. Labor Department.

Jun'16 - Week 2 (6th to 12th)

  • Gold traded at Rs. 2,968 for the first two days of the week.
  • Gold witnessed a surge as prices hiked up by Rs.15 to Rs. 2,983 on the 8th of June.
  • Gold further witnessed an incline as prices shot up to Rs. 3,093 on the 11th and 12th of June.

Jun'16 - Week 3 (13th to 19th)

  • Gold opened the week at Rs. 3,064 per gram on the 13th of June.
  • The prices rose further as the week progressed as gold hit its highest for the month on the 16th of June at Rs. 3,122 per gram.
  • Gold ended the week at Rs. 3,087 per gram on the 19th of June.

Jun'16 - Week 4 (20th to 26th)

  • Thanks to steady demand from traders and jewellers, the rate of gold saw a steady increase during the month of June especially towards the final weeks.
  • The rate of gold was relatively steady during the week between the 20th and 26th of June, with only very minor fluctuations.
  • On the first day of the week, gold opened at Rs. 3,076 per gram and closed at Rs. 3,165 on the 26th.
  • The highest rate of gold observed during this period was on the on the last two days of the week at Rs. 3,165 per gram whereas the lowest was on the 23rd with Rs. 3,023 per gram being the rate of gold.

Jun'16 - Week 5 (27th to 30th)

  • Gold rates recorded a decline over the last four days of June.
  • Prices were recorded at Rs.3,180 on the 27th of June and Rs.3,105 on the 30th of June.
  • The overall decline in prices between the 27th and 30th of June was Rs.75.
1st May rate Rs. 3,069 per gram
31st May rate Rs. 2,914 per gram
Highest rate in May Rs. 3,076 per gram on May 2
Lowest rate in May Rs. 2,914 per gram on May 31
Overall performance Decline
% Change -5.05%
Comparison for 24 K Gold Rates for Coimbatore May'16
Graph for Gold Rate (24K) in Coimbatore May 2016

May'16 - Week 1 (1st to 7th)

  • Gold rates remained stable for most part of the week, with slight increases and decreases mid-way through the week.
  • Prices were recorded at Rs.3,069 on the 1st of May and Rs.3,050 on the 7th of May.
  • There were no major international events that influenced a major change in prices as they remained somewhat constant throughout the week.

May ‘16 - Week 2 (8th to 14th)

  • Gold rates fluctuated every single day of the week, with slight increases and decreases forming the order of the day.
  • Prices were recorded at Rs.3,073 on the 8th of May and Rs.3,051 on the 14th of May.
  • There were no major international events that influenced a major change in prices as their levels between the start and end of the week did not vary to a significant extent.

May ‘16 - Week 3 (15th to 21st)

  • Gold rates fluctuated slightly during the third week of May as prices moved up and down on certain days of trading.
  • Prices were recorded at Rs.3,051 on the 15th of May and Rs.3,015 on the 21st of May.
  • Despite remaining constant for the first two days in trading, prices fell marginally on the third, fifth and last days of the week to make the seven-day period record a loss overall.

May ‘16 - Week 4 (22nd to 28th)

  • Gold rates continuously declined through the week with a small spike on the 26th of May.
  • Gold prices were recorded at Rs. 3,015 on the 22nd of May and Rs. 2,916 on the 28th of May.
  • The decline in gold rates in Coimbatore can be attributed to the global trend of gold, expectations of a rate hike and slow intake from coin makers and industrial units.

May ‘16 - Week 5 (29th to 31st)

  • Rate of gold was quite steady during the final week of May with very minor fluctuations.
  • Gold traded at Rs. 2,916 per gram on the 29th of May, Rs. 2,899 per gram on the 30th of May and Rs. 2,914 per gram on the 31st of May.
  • There was a slight decline in the price of gold as the month progressed due to expectation of rate hike by the U.S. Fed.
1st April rate Rs 2,890
30th April rate Rs 3,069
Highest rate in April Rs 3,069 on 30th
Lowest rate in April Rs 2,869 on 4th
Overall performance Gain/Positive
% Change + 6.19%
Comparison for 24 K Gold Rates for Coimbatore April'16
Graph for Gold Rate (24K) in Coimbatore April 2016

Apr'16 - Weeks 1 & 2 (1st to 10th)

  • Gold profited in the first two weeks of the month as uncertainty over the fed rate hike as well as a weaker dollar spurred rates.
  • Prices were Rs.2,877 on 1st and Rs.2,944 on 10th.
  • Prices fluctuated all through the week, though the downs were lower than the ups, resulting in a cumulative gain of Rs.67 over the weeks.

Apr ‘16 - Week 3 (11th to 17th)

  • Gold prices saw low fluctuations in the third week.
  • Prices were Rs.2,950 on 11th and Rs.2,957 on 17th.
  • Prices dropped at the beginning of the week before stabilizing towards the end.

Apr ‘16 - Week 4 (18th to 24th)

  • Gold was stable on the whole during the fourth week.
  • Prices were Rs.2,960 on 18th and Rs.2,958 on 24th.
  • Prices rose to Rs.2,998 on 21st but lost the gains in the next 3 days to settle at Rs.2,958 for the week.

Apr ‘16 - Week 5 (25th to 30th)

  • Gold rates appreciated during the week, with gold trading at Rs 2,962 on 25th.
  • Prices steadily increased, crossing the Rs 3,000 mark on 29th.
  • The week ended with gold trading at Rs 3,069, the highest for the month.

1st March rate

Rs 2,976

31st March rate

Rs 2,891

Highest rate in March

Rs 2,991 on 8th, 9th and 10th

Lowest rate in March

Rs 2,699 on 2nd and 11th

Overall performance

Loss/Negative

% Change

-2.86%

Comparison for 24 K Gold Rates for Coimbatore March'16
Graph for Gold Rate (24K) in Coimbatore March 2016

Mar'16 - Week 1 (1st to 6th)

  • Gold markets were closed in the city of Coimbatore from 1st to 6th March as jewellers and bullion traders called an indefinite strike against the proposed 1% excise duty on gold jewellers announced during the recent budget.
  • Prices were constant at Rs.2,976 over the week.

Mar'16 - Week 2 (7th to 13th)

  • Gold saw sporadic trading in the second week as agitations continued over introduction of 1% excise duty on non-silver jewellery sales and PAN disclosures for jewellery purchases above Rs.2 lakhs.
  • Prices were Rs.2,970 on 7th and Rs.2,989 on 13th.

Mar ‘16 - Week 3 (14th to 20th)

  • Gold markets remained suspended for the most part as protests entered the third week.
  • Prices were Rs.2,937 on 14th and Rs.2,940 on 20th.

Mar ‘16 - Week 4 (21st to 27th)

  • Gold markets limped back to normalcy as jewellers opened stores for the most part even as traders carried their protest into the fourth week.
  • Prices were Rs.2,914 on 21st and Rs.2,896 on 27th.
  • Gold appreciated to Rs.2,943 by 25th before settling at Rs.2,896 by 25th and staying stable for the next 2 days.

Mar ‘16 - Week 5 (28th to 31st)

  • International cues helped gold rates stabilise after a drop in prices compared to the previous week.
  • Prices were between Rs 2,874 and Rs 2,910 in Coimbatore during the week.

1st February rate

Rs.2,720

29th February rate

Rs.2,984

Highest rate in February

Rs.2,984 on 25th and 29th

Lowest rate in February

Rs.2,720 on 1st

Overall performance

Gain/Positive

% Change

+9.71%

Comparison for 24 K Gold Rates for Coimbatore March'16
Graph for Gold Rate (24K) in Coimbatore February 2016

Feb'16 - Week 1 (1st to 7th)

  • Gold prices appreciated in the 1st week of February as jewellers bought more on the domestic front to meet the wedding season demand while the global cues were also favourable.
  • Prices were Rs.2,720 on 1st and Rs.2,813 on 7th.
  • Gold also breached the 2,800-mark for the first time this year in the week.
  • Prices rose on all days of the week, touching a 9-months high of Rs.2,813 on 6th and 7th.

Feb '16 - Week 2 (8th to 14th)

  • Gold prices surged again in the 2nd week as domestic demand for the ongoing wedding season remained healthy while strong global cues and a depreciating rupee also helped nudge rates up.
  • Prices were Rs.2,814 on 8th and Rs.2,936 on 14th.
  • Gold breached the 2,900-mark for the first time this year on 12th as prices rose to Rs.2,960.50, also the highest rate for gold in over 19 months.
  • Prices slid to a comfortable Rs.2,936 on 13th and remained stable on 14th on account of weekend holidays.

Feb '16 - Week 3 (15th to 21st)

  • Gold gained value in the third week, riding on the back of strong global trends and sustained buying by domestic jewellers and retailers.
  • Prices were Rs.2,888.50 on 15th and Rs.2,973 on 21st.
  • Gold gained a total of Rs.84 through the week, and was trading in the positive for most of the days except on 17th when prices dropped by Rs.11.50.
  • Gold breached its earlier high set in the 2nd week and touched a whopping Rs.2,973 to end the week on a high note.

Feb '16 - Week 4 (22nd to 29th)

  • Gold gained more value at the far end of February.
  • Prices were Rs.2,928 on 22nd and Rs.2,984 on 29th.
  • Gold clocked in gains for the first 4 days of the week as globally the metal performed better, while prices dipped a little before end of the month as domestic sector posted weak demand.
  • Gold rose to Rs.2,984 by 25th but lost Rs.24 over the next 3 days to settle at Rs.2,960 by 28th.
  • The Leap Day saw gold recouping the losses and rising by Rs.24 to settle at Rs.2,984 for the month.
4th January rate Rs.2,569
31st January rate Rs.2,710
Highest rate in January Rs.2,719 on 28th
Lowest rate in January Rs.2,569 on 4th
Overall performance Gain/Positive
% Change +5.49%

Jan'16 - Week 1 (4th to 10th)

  • Gold prices appreciated during the first week of January as increased buying in the domestic sector and favourable global cues uplifted value.
  • Prices were Rs.2,569 on 4th and Rs.2,635 on 10th.
  • Gold had positive sessions from 4th to 7th, which elevated rates to Rs.2,629 by 7th.
  • Prices were slightly lower on 8th at Rs.2,626, but rebounded on 9th to touch Rs.2,635.
  • Prices were stable at Rs.2,635 on 10th on account of weekend break.

Jan '16 - Week 2 (11th to 17th)

  • Gold prices appreciated in the 2nd week as jewellers increased buying to meet domestic wedding season demand while global cues were also favourable.
  • Prices were Rs.2,632 on 11th and Rs.2,654 on 17th.
  • Gold prices depreciated in the first 3 days of the week to settle at Rs.2,593 by 13th.
  • Prices rallied on 14th by Rs.38 to touch Rs.2,631 and settled at Rs.2,630 on 15th.
  • Gold was up again on 16th to Rs.2,654 where it remained stable for 17th also owing to closed markets on Sunday.

Jan '16 - Week 3 (18th to 24th)

  • Gold rates appreciated again in the 3rd week, touching two-week high rates on 20th on the back of increased domestic demand as well as favourable global trends.
  • Prices were Rs.2,642 on 18th and Rs.2,660 on 24th.
  • Gold gained Rs.24 over the course of 19, 20th and 21st to settle at Rs.2,676 by 21st.
  • Prices fell to Rs.2,658 on 22nd on weak demand, before marginally rising to Rs.2,660 where it stayed to end the week.

Jan '16 - Week 4 (24th to 31st)

  • Gold prices appreciated towards the end of the month.
  • Prices were Rs.2,678 on 25th and Rs.2,710 on 31st.
  • Prices rallied over the week as domestic demand was at healthy levels while the dollar weakened on global cues.
  • Gold rallied to Rs.2,719 by 28th before dropping marginally to Rs.2,706 on 29th.
  • Prices rose to Rs.2,710 on 30th and stayed there on 31st.

1st December rate

Rs.2,565

31st December rate

Rs.2,534

Highest rate in December

Rs.2,598 on 5th and 6th

Lowest rate in December

Rs.2,521 on 3rd

Overall performance

Loss/Negative

% Change

-1.21%

Dec'15 - Week 1 (1st to 7th)

  • Gold prices appreciated in the 1st week of December.
  • Rates were Rs.2,565 on 1st and Rs.2,593 on 7th.
  • Rates declined on 2nd and 3rd to fall to Rs.2,521 on 3rd.
  • Gold gained substantially over the next two days by margins of Rs.24 and Rs.53 to touch Rs.2,598 by 5th.
  • Gold declined by Rs.5 on 7th to rest at Rs.2,593.

Dec'15 - Week 2 (8th to 14th)

  • Gold prices were stable on the whole in the 2nd week.
  • Rates were Rs.2,572 on 1st and Rs.2,570 on 7th.
  • Prices appreciated to Rs.2,581 but settled back on Rs.2,573 on 10th.
  • There was further drop in rates on 11th to Rs.2,562 but the losses were covered comfortably on 12 when prices rose to Rs.2,593.
  • Gold declined on the last day to Rs.2,570 from Rs.2,593 on 13th.

Dec'15 - Week 3 (15th to 21st)

  • Gold prices were once again stable in the 3rd week.
  • Prices were Rs.2,559 on 15th and Rs.2,559 on 21st.
  • Gold lost Rs.4 till 17th to rest at Rs.2,555.
  • Prices dropped steeply on 18th to fall to Rs.2,526 before rallying on the next day to recover most of the losses by ending the day at Rs.2,548.
  • Gold appreciated marginally on 21st to end the week at Rs.2,559.

Dec'15 - Week 4 (22nd to 28th)

  • Gold prices depreciated in the 4th week.
  • Prices were Rs.2,573 on 22nd and Rs.2,556 on 28th.
  • Gold declined to Rs.2,553 on 23rd and remained stable at the same rate on 24th.
  • Prices picked up on 25th to Rs.2,565 and maintained that level till 27th.
  • Gold declined marginally to Rs.2,556 on 28th.

Dec'15 - Week 5 (29th to 31st)

  • Gold prices fell in the 5th week.
  • Prices were Rs.2,560 on 22nd and Rs.2,534 on 28th.
  • Gold lost value consecutively on 30th and 31st by Rs.6 and Rs.20 respectively to settle at Rs.2,534.

1st November rate

Rs.2,676

30th November rate

Rs.2,544

Highest rate in November

Rs.2,682 on 2nd

Lowest rate in November

Rs.2,544 on 30th

Overall performance

Loss/Negative

% Change

-4.93%

Nov '15 - Week 1 (1st to 7th)
  • Gold lost value in the 1st week of November.
  • Rates were Rs.2,676 on 1st and Rs.2,608 on 7th.
  • Gold gained value on 2nd to reach Rs.2,682, before declining over the next 3 days.
  • Gold was priced at Rs.2,624 on 5th after 3 days of losses and gained a small value on 6th to reach Rs.2,626.
  • 7th again saw drop in gold prices.

Nov '15 - Week 2 (8th to 14th)

  • Gold lost value in the 2nd week of the month.
  • Prices were Rs.2,608 on 8th and Rs.2,582 on 14th.
  • Gold gained value on 9th to touch Rs.2,624.
  • Gold rate declined marginally daily for the remaining days of the week.

Nov '15 - Week 3 (15th to 21st)

  • Gold lost slight value in this week.
  • Prices were Rs.2,582 on 15th and Rs.2,570 on 21st.
  • Gold gained value on 16th, 19th and 20th and went down on 17th, 18th and 21st.

Nov '15 - Week 4 and 5 (22nd to 30th)

  • Gold rates declined in the last weeks on November.
  • Rates were Rs.2,571 on 22nd and Rs.2,544 on 30th.
  • Prices stayed in the range of Rs.2,564 to Rs.2,573 till 27th, with gold selling at Rs.2,569 on 27th.
  • Prices dropped continuously over the next four days by a cumulative Rs.29 to settle at Rs.2,544 on 30th.

1st October rate

Rs.2,622

31st October rate

Rs.2,676

Highest rate in October

Rs.2,734 on 15th

Overall performance

Gain/Positive

% Change

+2.06%

Oct '15 - Week 1 (1st to 7th)

  • Gold rate appreciated in the first week of October.
  • Gold was priced at Rs.2,622 on 1st and Rs.2,676 on 7th.
  • Rates climbed steeply on 3rd by Rs.42 to reach Rs.2,666.
  • Prices stayed around 2,650 mark over the next 4 days before breaching 2,670 mark on 7th.

Oct '15 - Week 2 (8th to 14th)

  • Gold rate again appreciated in the second week of October.
  • Gold was priced at Rs.2,663 on 8th and Rs.2,725 on 14th.
  • Gold rate breached the 2,700 mark for the first time in the month on 12th when prices hit Rs.2,702.
  • Gold rate dropped to Rs.2,686 on 13th before increasing to Rs.2,725 on 14th.

Oct '15 - Week 3 (15th to 21st)

  • Gold rate remained stable overall in the third week of October.
  • Rates were Rs.2,734 on 15th and Rs.2,732 on 21st.
  • Gold rate on 15th at Rs.2,734 was the highest gold rate in Coimbatore for October.
  • Gold stayed above the 2,720 mark for almost all days in the week except for 19th when prices dropped to Rs.2,713.
  • Prices recovered in the next two days to breach the 2,730 mark once more.

Oct '15 - Week 4 (22nd to 28th)

  • Gold rates increased in the fourth week of the month.
  • Gold was priced at Rs.2,711 on 22nd and Rs.2,724 on 28th.
  • Rates appreciated to Rs.2,721 on 23rd before dropping to Rs.2,702 on 24th.
  • Rates remained stable for the remaining part of the week.
  • Gold gained value on the last day of the week to touch Rs.2,724 from Rs.2,707.

Oct '15 - Week 5 (29th to 31st)

  • Gold rates saw substantial loss in value in the last 3 days of the month.
  • Prices had depreciated to Rs.2,708 on 29th, which fell to Rs.2,685 on 30th and dropped further on 31st to Rs.2,676.

Gold rate in Coimbatore on 1st of September 2015 was Rs.2,711. This declined to Rs.2,676 by 4th of the month, before appreciating to Rs.2,682 by 7th. Gold rates continued to decline over the next week, with week starting price at Rs.2,663 on 8th September and mid-week rate of Rs.2,627 on 12th of the month. By mid-month on 15th, gold rate had fallen to Rs.2,629, the lowest for the month.

Gold rate started gaining the lost value in the 2nd half of September. Prices climbed steeply from Rs.2,632 on 16th to Rs.2,672 on 19th of the month. Gold rate on 22nd was Rs.2,665 signalling a stabilization of rate. 23rd saw a fall in rate to Rs.2,652 which again climbed to the Rs.2,670+ level on 24th. Prices once again breached the Rs.2,700 mark on 25th and stayed at that level till 27th. Gold rate on 27th was Rs.2,702, denoting a recovery in rates over the month. There was a steep decline during the last two days of the month when prices dropped to a low of Rs.2,640 on 30th of the month.

Gold rate in the month of September saw high volatility, from a high of Rs.2,711 at the start of the month to Rs.2,640 at the end of the month. The rate drops during the month were recovered by 28th, however the last two sessions saw steep depreciation in rates. Gold rate is likely to remain volatile for the next few days before the festive season kicks in.

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