|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|
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|
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|
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|
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|
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|
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|
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|
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|
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|
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|
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|
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|
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|
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|
|% Change||+ 6.19%|
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
31st March rate
Highest rate in March
Rs 2,991 on 8th, 9th and 10th
Lowest rate in March
Rs 2,699 on 2nd and 11th
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
29th February rate
Highest rate in February
Rs.2,984 on 25th and 29th
Lowest rate in February
Rs.2,720 on 1st
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|
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
31st December rate
Highest rate in December
Rs.2,598 on 5th and 6th
Lowest rate in December
Rs.2,521 on 3rd
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
30th November rate
Highest rate in November
Rs.2,682 on 2nd
Lowest rate in November
Rs.2,544 on 30th
- 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
31st October rate
Highest rate in October
Rs.2,734 on 15th
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.
- Also Check:Today's Gold Rate in Coimbatore