|Parameters||Gold price (24 karat)|
|Gold Rate on 1st December 2017||Rs.3,016 per gram|
|Gold Rate on 31st December 2017||Rs.3,020 per gram|
|Highest Rate in December||Rs.3,036 per gram from 2 to 4 December|
|Lowest Rate in December||Rs.2,910 per gram on 11 to 13 December|
|Overall Monthly Performance||Incline|
December 2017 - Week 1 (1st - 10th)
- Gold was priced at Rs.3,016 per gram on the 1st when trading commenced in Chandigarh.
- Prices rose on the 2nd as the dollar lost its ground after the Republican tax bill hit a roadblock in the US Senate. The yellow metal was recorded trading at Rs.3036 per gram.
- A poorly performing dollar coupled with weaker equities led to the yellow metal trading firm at Rs.3,036 per gram on the 3rd and the 4th.
- However, the Senate’s decision to set aside differences between the House and Republicans and pass the landmark bill resulted in the US dollar gaining against other major emerging currencies. This led to gold price in Chandigarh plunging to Rs.2,998 per gram and Rs.2,988 per gram on the 5th and the 6th respectively.
- With the dollar performing well amid the positive sentiments on the US tax reform plans to overhaul the country’s present tax system, gold rates in Chandigarh hit its lowest level in the last four months at Rs.2,950 per gram on the 8th.
- The 9th saw the precious metal prices trading slightly higher at Rs.2,955 per gram owing to an increased local buying from jewellers and retailers during the wedding season.
- The week ended with gold trading at Rs.2,955 per gram due to a steady and subdued domestic demand for the metal.
December 2017 - Week 2 (11th - 17th)
- In Chandigarh, when trading began for the week, the yellow metal was priced at Rs.2,940 per gram.
- Due to demand hovering 5-month lows, gold rate in Delhi were still holding at Rs.2,940 per gram on the 12th and the 13th of December.
- News about a crashing dollar had positive impact on gold and the metal’s rates went up to Rs.2,960 per gram on the 14th of December.
- The same demand couldn’t be sustained for longer periods of time. This led to gold price in Delhi dropping down to Rs.2,945 per gram the next day.
- On the 16th, the metal’s rates pushed up to Rs.2,955 per gram and continued at the same rate till the end of the week.
December 2017 - Week 3 (18th - 24th)
- Gold was priced at Rs.2,950 per gram on the 18th when trading commenced for the week in Chandigarh.
- Gold rate in Chandigarh surged to Rs.2,960 per gram the following day after investors speculated over the negative impact of the US tax overhaul on the country’s economy.
- The 20th saw gold price in Chandigarh holding steady at Rs.2,960 per gram before rising again to Rs.2,965 per gram on the 21st with the dollar weakened against other major currencies and a muted equities market.
- Bullion trade plunged on the 22nd with the US Senate decision to clear the tax bill and the precious metal was priced at Rs.2,960 per gram.
- However, equity markets declined with the new tax cuts approved by the Senate. This led to the downfall of Asian stocks and yellow metal prices surged to Rs.2,985 per gram on the 23rd and the 24th.
December 2017 - Week 4 (25th - 31st)
- When the week began in Chandigarh, gold was priced at Rs.2,975 per gram.
- Rates increased to rs.2,985 per gram the next day, i.e., the 26th of December, as local demand was influenced by that in the international circles.
- On the 27th, gold rates in Chandigarh rose to Rs.2,995 per gram, while the same was seen holding above $1,300 in the global market.
- Rates went up again on the 28th to Rs.3,015 per gram as a poor performance by the greenback pushed gold to hit four-week high prices.
- As demand toned down a little in the domestic market, the yellow metal traded at Rs.3,020 per gram on the 29th of the month.
- The last two days of December saw gold rates remain at Rs.3,020 per gram as local demand remained steady despite there being a surge globally.
|Parameters||Gold price (24 karat)|
|Gold rate on 1st November 2017||Rs.3,006 per gram|
|Gold rate on 30th November 2017||Rs.3,026 per gram|
|Highest Rate in November 2017||Rs.3,060 per gram from 18 to 20 November|
|Lowest Rate in November 2017||Rs.3,006 per gram on 1 November|
|Overall Monthly Performance||Incline|
November 2017 - Week 1 (1st - 5th)
- In UT Chandigarh, gold rate in Chandigarh opened for the week at Rs.3,006 per gram. The next day saw gold rates rise by Rs.14 to trade at Rs.3,020 per gram.
- A strengthening dollar combined with a weak demand overseas pushed gold rates in the city to Rs.3,015 per gram on the 3rd.
- On the 4th, gold price in Chandigarh went further down to Rs.3,010 per gram as domestic demand fell again to remain in line with the international demand.
- The final day of this week saw gold trading at Rs.3,010 per gram as demand remained steady.
November 2017 - Week 2 (6th - 12th)
- The yellow metal was priced at Rs.3,005 per gram, when trading commenced in Chandigarh for the second week.
- Gold rate in Chandigarh surged to Rs.3,025 per gram on the 7th with the Saudi purge and geopolitical crises in the Middle-East supporting safe-haven demand.
- The next couple of days saw the precious metal trading high at Rs.3,035 per gram owing to a decline in the dollar value amid speculations on a major corporate tax cut.
- The bullion trade hit its highest in nearly three weeks owing to an increased buying from jewellers and retailers amid a positive trend overseas, and gold was trading high at Rs.3,045 per gram on the 10th.
- The remainder of the week witnessed prices remaining unchanged at Rs.3,045 per gram, thanks to steady local demand amid strong global cues.
November 2017 - Week 3 (13th - 19th)
- On the 13th of November, gold was priced at Rs.3,035 per gram. Gold rate in Chandigarh surged to Rs.3,045 per gram due to an increased demand in the local circles
- Prices surged to Rs.3,050 per gram on the 15th as local buyers kept themselves busy with their latest gold purchases.
- However, gold price in Chandigarh fell to Rs.3,040 per gram on the 16th as the US dollar value improved due to high yield from treasury bonds.
- Gold prices fell again to Rs.3,030 per gram on the 17th before seeing a significant rise on the 18th of November.
- The yellow metal traded at Rs.3,060 per gram on the 18th and continued at the same rate on the 19th as demand from local investors remained strong.
November 2017 - Week 4 (20th - 26th)
- On the 20th of November, the yellow metal traded at Rs.3,060 per gram in Chandigarh.
- However, rates fell to Rs.3,035 per gram - a Rs.25 decline - as local demand dropped off in all major Asian and European markets.
- Gold rate in Chandigarh went down further to Rs.3,026 per gram on the 23th as US Fed minutes was expected to be revealed to the media.
- Once investors found the Fed rhetoric wasn’t as bad, gold price in Chandigarh surged to Rs.3,046 per gram on the 24th of the month.
- The final two days saw gold selling at Rs.3,036 per gram, due to a slight drop in demand, brought about by weak Asian trends.
November 2017 - Week 5 (27th - 30th)
- Gold in Chandigarh opened at Rs.3,045 per gram when the fifth week of November began.
- Prices dropped to Rs.3,040 per gram the next day because of a poor demand brought about by the Fed chair speech.
- A steady demand saw gold price in Chandigarh remain at Rs.3,040 per gram on the 29th of the month.
- The final day of this week saw a significant decrease in gold rates with the metal’s rates falling by nearly Rs.20 to trade at Rs.3,026 per gram.
- A strong market data was the reason behind this massive fall in gold rates during the final day of November.
|Parameters||Gold price (24 karat)|
|Gold Rate on 1st October 2017||Rs.3,063 per gram|
|Gold Rate on 31st October 2017||Rs.3,026 per gram|
|Highest Rate in October 2017||Rs.3,072 per gram from 12 to 16 October|
|Lowest Rate in October 2017||Rs.3,026 per gram on 27, 30 and 31 October|
|Overall Monthly Performance||Decline|
October 2017 - Week 1 (1st -7th)
- Echoing trends seen in other Indian cities, gold prices in Chandigarh began at a stable, consistent rate before demand vagaries and global markets led to a drop in price.
- Gold opened the week at Rs.3,063 per gram, with the prices remaining the same for the following day.
- Domestic demand from both industrial units as well as jewellers rose as market conditions were favourable, with jewellers also stocking up ahead of the festive rush.
- Gold rate in Chandigarh plummeted in the subsequent days as strong equity markets led to a reduction in demand for gold.
- The precious metal traded at Rs.3,043 per gram on 3 October before falling to Rs.3,033 per gram on 5 October due to poor international demand.
- A further drop in demand was recorded on 6 October, with gold priced at Rs.3,028 per gram due to a decline in international and domestic demand.
- Prices revived as the week ended due to fears of an escalation in North Korea’s nuclear programme, as gold traded to Rs.3,046 per gram on 7 October.
October 2017 - Week 2 (8th -14th)
- On the 8th of October, gold was priced at Rs.3,046 per gram. With the North Korea- US conflict resurfacing, gold rate in Chandigarh rose to Rs.3,057 per gram on the 9th.
- Gold Price in Chandigarh went up to Rs.3,062 per gram on the 10th of October because of a weak US economy.
- The 11th saw gold rates remain the steady but increase to Rs.3,072 per gram on the 12th after demand spiked
- On the 13th and 14th saw gold rates stabilise and remain at Rs.3,072 per gram as the US dollar regained some of its lost sheen.
October 2017 - Week 3 (15th - 21st)
- Gold prices in Chandigarh started for the week at Rs.3,072 per gram and continued to remain the same on the next days as well.
- Gold rate in Chandigarh went down to Rs.3,067 per gram as US dollar performance improved after the nation’s treasury bonds provided positive returns.
- Rates fell to Rs.3,056 per gram as dollar continued on its upward growth trend.
- A less than desirable demand during the pre-Diwali days saw the yellow metal trading at Rs.3,057 per gram on the 19th and the 20th of the month.
- Weak demand from local circles after the end of Diwali demand saw the yellow metal trade at Rs.3,047 per gram on the 21st of October.
October 2017 - Week 4 (22nd -28th)
- Gold trade in Chandigarh witnessed prices varying due to fluctuating dollar values during the course of the week.
- The week started off on the 22nd with the yellow metal trading steady at Rs.3,047 per gram, with steady local demand.
- The dollar value gained with firmer equities markets as the overseas conflict with North Korea settled down, resulting in a lower demand for safe-haven assets like gold. This led to gold prices in Chandigarh plunging to Rs.3,041 per gram on the 23rd.
- The 24th witnessed gold rates rising to Rs.3,046 per gram owing to an incline in domestic purchases by investors, retailers and jewellers.
- However, the dollar gained the next day with possibilities of an early announcement on the next Fed chair, pushing gold prices down to Rs.3,036 per gram.
- The European Central Bank’s decision to extend its monetary stimulus resulted in the dollar gaining over the euro. This resulted in the yellow metal prices dropping to Rs.3,031 per gram and Rs.3,026 per gram on the 27th and the 28th respectively.
- The 28th saw gold price in Chandigarh rising to Rs.3,036 per gram on the 28th, owing to an increased demand from investors and retail jewellers.
October 2017 - Week 5 (29th- 31st)
- Gold started off strongly at Rs.3,036 per gram in Chandigarh.
- Rates dropped to Rs.3,026 per gram as investors remained rather cautious with investment.
- The main reason for this was the two-day FOMC meeting, which led local investors to reduce their investment for the time being.
- On the 31st, when the month ended, gold was priced at Rs.3,026 per gram, with investors still waiting for the Fed Reserve meeting’s outcome before investing.
|Parameters||Gold price (24 karat)|
|September 1 Rate||Rs.3,024 per gram|
|September 30 Rate||Rs.3,063 per gram|
|Highest Rate in September||Rs.3,130 per gram on 8 September|
|Lowest Rate in September||Rs.3,024 per gram on 1 September|
|Overall Monthly Performance||Incline|
September 2017 - Week 1 (1st to 10th)
- When trading started in Chandigarh on the 1st of September, gold rates were recorded at Rs.3,024 per gram.
- Prices surged up slightly to Rs.3,029 per gram on the 2nd and remained unchanged on the 3rd on account of stable purchases.
- News about North Korea’s latest nuclear weapon testing sent world markets crashing, which pushed up safe-haven investments. Gold rates in Delhi went up to Rs.3,105 per gram within a day as investors flocked the trade unions.
- As the markets remained volatile, gold price in Chandigarh were holding above Rs.3,100 per gram levels for the remainder of the week.
- On the 5th, prices surged to Rs.3,115 per gram as more investors and jewellers ramped up their purchases. Rates remained the saw on the 6th the market saw demand sustain at the same level.
- The 7th seemed to witness a slight drop in demand, which was evident with the precious metal’s prices dropping to Rs.3,100 per gram.
- With confirmation arriving from North Korea about its ambitious — and potentially threatening — nuclear test, gold prices surged to Rs.3,130 per gram on the 8th.
- The 9th and the 10th saw the yellow metal trade at Rs.3,125 per gram, thanks to prolonged demand from active investors.
September 2017 - Week 2 (11th to 17th)
- When trading opened for the week in Chandigarh, gold was pried at Rs.3,105 per gram on 11 September.
- A rally by markets led to gold price in Chandigarh falling as investors reduced interest in bullion, leading to gold trading at Rs.3,085 per gram on 12 September.
- A rise in local demand coupled with an increase in orders from China led to god prices rising to Rs.3,094 per gram on 13 September.
- The escalating tensions with North Korea and the natural calamities along its coast led to volatile markets in the United States, but gold prices were unaffected.
- International demand was also muted as investors waited for prices to dip and the dollar rate to drop further, leading to gold prices falling to Rs.3,085 per gram on 14 September.
- Poor demand from both local as well as overseas buyers led to demand for gold remaining constant, reflecting no change in price.
- Gold ended the week trading at Rs.3,085 per gram o 17 September due to sluggish demand.
September 2017 - Week 3 (18th-24th)
- In Chandigarh, when the week commenced, gold was priced at Rs.3,073 per gram.
- As demand fluctuated, gold rates in Chandigarh fell to Rs.3,056 per gram. Another reason for this was the strengthening US dollar.
- The North Korea - US nexus pushed demand for safe-haven investments, which led to gold rates Chandigarh increasing to Rs.3,078 per gram on the 20th.
- Uneven global cues and a poor local demand pushed gold rate in Chandigarh back down to Rs.3,051 per gram on the 21st.
- With the festive season bustle settling in, demand increased. This led to gold rates going up to Rs.3,078 per gram on the 22nd.
- The 23rd and 24th saw gold rate in Chandigarh decrease and trade at Rs.3,058 per gram as the US dollar strengthened against other apex currencies.
September 2017 - Week 4 (25th-30th)
- Gold was priced at Rs.3,051 per gram when the final week of September began.
- However, the approaching festive season pushed demand for the metal up on 26th September. This led to the metal trading at Rs.3,110 per gram.
- As the US dollar strengthened after news about a possible Fed rate hike, gold rate in Chandigarh went down to Rs.3,085 per gram on the 27th of the month.
- Gold price in Chandigarh fell on the 28th and the 29th for the metal to trade at Rs.3,067 per gram and Rs.3,057 per gram respectively.
- The last day of this week saw demand pick up slightly, which led to the yellow metal trading at Rs.3,063 per gram.
|Parameters||Gold price (24 karat)|
|August 1 Rate||Rs.2,960 per gram|
|August 31 Rate||Rs.2,999 per gram|
|Highest Rate in August||Rs.3,017 per gram on 28 August|
|Lowest Rate in August||Rs.2,930 per gram on 3, and from 5-7 August|
|Overall Monthly Performance||Incline|
August ‘17 - Week 1 (1st to 6th)
- As the dollar continued to trade at historic lows, gold price in Chandigarh were on the upswing as August began, trading at Rs.2,960 per gram on 1 August.
- Minor fluctuations in demand led to prices falling to Rs.2,955 per gram on 2 August as regional demand was slightly lower due to stable domestic markets.
- Prices fell to Rs.2,930 per gram on 3 August as U.S. markets rose prior to the U.S. Federal Reserve meeting and the dollar also gained on other global currencies.
- The continued rise of the dollar in spite of less than favourable reports from the Fed meeting led to gold prices trading at Rs.2,940 per gram on 4 August.
- Prices dipped to Rs.2,930 per gram on 5 August as overseas demand dropped sharply and local demand was unable to keep prices high.
- The week ended with gold trading at Rs.2,930 per gram on 6 August.
August ‘17 – Week 2 (7th to 13th)
- When the second week of August began in Chandigarh gold prices were recorded at Rs.2,930 per gram when the week began on the 7th of August.
- Due to a slight increase in demand from local jewellers, prices went up to Rs.2,934 per gram on the 8th and then to Rs.2,939 per gram on the 9th of the month.
- After gold demand surged international due to a stand-off between North Korea and the US, gold prices jumped by Rs.35 to end the 10th at Rs.2,974 per gram.
- As markets began to tank, gold purchases skyrocketed, which led to the the yellow metal trading at Rs.2,999 per gram on the 11th of August.
- Thanks to a subdued interest from domestic investors, gold prices remained at Rs.2,999 per gram for the last two days of the week.
August ‘17 - Week 3 (14th to 20th)
- Chandigarh’s gold prices reflected trends seen across other Indian cities as the dollar rate continued to fluctuate.
- Gold opened the week at Rs.2,994 per gram on 14 August, with the price remaining constant on 15 August as well.
- A minor rise in the dollar rate led to gold falling to Rs.2,979 per gram on 16 August before prices recovered to trade at Rs.2,994 per gram on 17 August.
- Demand for gold rose as tensions with North Korea led to U.S. markets falling, with gold prices rising to Rs.2,999 per gram on 18 August.
- The price began to stabilise as the week drew to a close, as a decrease in local demand led to prices falling to Rs.2,982 per gram on 19 & 20 August.
August 2017 – Week 4 (21st - 27th)
- In the Union Territory, Chandigarh, gold prices surged for the first four days before remaining unchanged for the remaining three days.
- On the 21st of August, gold rate in Chandigarh at Rs.2,972 per gram.
- Due to tensions in the US taking front stage, the markets crashed, This led to the metal trading at Rs.2,982 per gram on the 22nd.
- The 23rd again saw gold prices increase - this time by Rs.2,987 per gram - as investors ramped up their purchases.
- As demand kept increasing, gold prices went up to Rs.2,992 per gram on the 24th of the month.
- With demand remaining steady, gold prices were holding at Rs.2,992 per gram for the remaining days of the week.
August 2017 – Week 5 (28th - 31st)
- Fluctuations in the price of gold were recorded in the last week of August as political tensions and natural disasters led to markets being volatile.
- Gold opened the week at Rs.3,017 per gram on 28 August on steady demand from overseas as well as domestic markets due to a low U.S. dollar rate.
- Prices dipped as the sabre-rattling between the United States and North Korea led to investors waiting for the implications of the meeting of central bankers at Jackson Hole before placing orders for gold.
- Demand dropped to Rs.3,009 per gram on 29 August following a dip in local demand as jewellers had saturated orders for the month.
- International demand was also on the decline in spite of a poorly performing U.S. dollar and low trading across bourses, with gold rate in Chandigarh Rs.3,004 per gram on 30 August.
- Gold traded at Rs.2,999 per gram on 31 August due to a drop in demand from domestic and international consumers.
|Parameters||Gold price (24 karat)|
|July 1 Rate||Rs.2,992 per gram|
|July 31 Rate||Rs.2,950 per gram|
|Highest Rate in June||Rs.2,992 per gram on 1 and 2 July|
|Lowest Rate in June||Rs.2,843 per gram on 12 and 13 July|
|Overall Monthly Performance||Decline|
July 2017 - Week 1 (1st to 9th)
- On 1 July in Chandigarh, gold was priced at Rs.2,992 per gram and continued to trade at this price the next day as well.
- Due to numerous signs of monetary tightening by central banks, the value of the U.S. dollar stayed low.
- On 3 July, gold was priced at Rs.2,972 per gram and reduced thereafter, as the week progressed.
- Between 4 July to 6 July , gold was priced at Rs.2,942 per gram due to sustained demand for this precious metal from domestic as well as international markets.
- However, this demand could not be sustained and rate of this metal reduced on 7 July to be priced at Rs.2,922 per gram.
- On the last two days of the first week, gold traded at a weekly low of Rs.2,902 per gram.
July 2017 - Week 2 (10th to 16th)
- On the 10th of July, gold was priced at Rs.2,902 per gram but went down to Rs.2,872 per gram on the 11th as international demand went down.
- The release of US job data brought about some decrease in gold rates over the subsequent days.
- When trading started for the 12th, gold prices went down by a further few rupees to go hit Rs.2,843 per gram.
- However, as president Trump’s Russia scandal took centre stage gold prices picked up over the latter half of the week.
- Prices were recorded at Rs.2,843 per gram on the 13th but jumped to Rs.2,863 per gram on the 14th and remained there till the end of the week.
- Over the last two days of July week 2, gold prices remained at Rs.2,863 per gram.
July 2017 - Week 3 (17th to 23rd)
- Gold opened the week at Rs.2,863 per gram on 17 July in Chandigarh as gold prices saw a revival in fortune.
- The fluctuating markets as well as the weakening U.S. dollar led to increased demand from overseas, especially from Asian industry.
- The yellow metal traded at Rs.2,883 per gram on 19 & 20 July as local demand rose on positive cues from overseas.
- Continued fluctuations in the dollar rate led to investors seeking a source of stability, which led to an increase in demand for gold as the metal rose to trade at Rs.2,908 per gram on 21 July.
- Gold price in Chandigarh rose sharply as the week ended as tensions over the U.S. healthcare reform proposal led to markets falling, with gold climbing to Rs.2,944 per gram on 22 & 23 July.
July 2017 - Week 4 (24th to 31st):
- When the fourth week of July began, gold prices were recorded at Rs.2,944 per gram.
- Prices of gold in Chandigarh went down marginally to Rs.2,945 per gram on the 28th as demand subsided briefly. went down to Rs.2,929 per gram on the 26th as demand took a hit and investors pulled away from investing in the metal.
- The 27th, however, saw gold prices in Chandigarh went down marginally to Rs.2,945 per gram on the 28th as demand subsided briefly. increase by Rs.21 to hit Rs.2,950 per gram as investors seemed to capitalise on US dollar’s poor performance.
- Gold prices in Chandigarh went down marginally to Rs.2,945 per gram on the 28th as demand subsided briefly.
- But, as North Korean conflict with the US took centre stage, dollar fell to 13-month lows, which prompted local jewellers to invest in the metal more.
- As a result of this, gold prices in Chandigarh went down marginally to Rs.2,945 per gram on the 28th as demand subsided briefly. went up to Rs.2,955 per gram and traded at the same rate on the 29th and the 30th of July.
- Price of gold in Chandigarh declined to Rs.2,950 per gram on 31st July as local seemed to have reached its highest point.
Gold Rate Trend in Chattisgarh for April 2017 to June 2017 (per gram of 24 karat gold)
|1st day||Rs.2,956 per gram||Rs.2,984 per gram||Rs.2,977 per gram|
|Last day||Rs.2,984 per gram||Rs.2,963 per gram||Rs.2,967 per gram|
|Highest price||Rs.3,040 per gram on 15 April and 16 April||Rs.2,984 per gram on 1 and 30 May||Rs.3,030 per gram on 7 June|
|Lowest price||Rs.2,954 per gram on 8 April and 9 April||Rs.2,890 per gram on 15 May||Rs.2,940 per gram on 20 June|
|June 1 Rate||Rs.3,012 per gram|
|June 30 Rate||Rs.2,992 per gram|
|Highest Rate in June||Rs.3,057 per gram on 7 June|
|Lowest Rate in June||Rs.2,972 per gram on 27 June|
June 2017 - Week 1 (1st-4th):
- On the 1st of June, gold prices were holding at Rs.3,012 per gram - an increase of Rs.20 per gram from the previous day’s prices.
- As there was not much of a rise in demand, gold prices remained at Rs.3,012 per gram on the 2nd as well.
- However, as price of gold rose globally, there was a knock-on effect to be seen in Delhi.
- Prices went up to Rs.3,022 per gram on the 3rd and remained the same on the 4th, when the week came to an end.
June 2017 - Week 2 (5th - 11th)
- In Chandigarh, when the second week of June rolled out, gold was priced at Rs.3,006 per gram.
- Prices increased on the 6th to Rs.3,025 per gram as the US Employment Report still loomed large and anchored the market.
- However, the price hike was a little on the cautious on the 7th as it went up to Rs.3,030 per gram.
- The reason for caution was due to news reports that the Federal Reserve was deliberating on a possible rate hike.
- Prices dropped on the 8th to go down to Rs.3,012 per gram as they consolidated after the rise earlier in the week.
- Gold prices kept falling further as they went down to Rs.2,987 per gram on the 9th, because of some startling results in the UK General Elections.
- The election result combined with its implications on Brexit talks brought bullion trading prices further down to Rs.2,981 per gram on the 10th.
- On the last day of the week, prices consolidated to bring the metal prices down to Rs.2,981 per gram.
June 2017 - Week 3 (12th-18th)
- On the 12th of June, gold opened at Rs.3,007 per gram in the city of Chandigarh as a result of high demand for this precious metal.
- As the value of the U.S. Dollar was low, the gold rate in Chandigarh continued to trade at the above rate until the 15th of June.
- There were certain doubts regarding gold trade as clarity was still needed about issues that were faced by banks that were importing bullion, due to GST.
- The price of this metal reduced on the 16th of June due to a decline in the demand for gold. This precious metal was priced at Rs.2,992 per gram and fell even further the next day.
- On the last two days of the third week, gold traded steadily at Rs.2,982 per gram.
June 2017 - Week 4 (19 to 25)
- The city of Chandigarh saw an increase in the price of gold in the fourth week of June due to a rise in demand for the yellow metal.
- Gold traded at Rs.2,982 per gram on 19 June as the markets were relatively unchanged from the previous week.
- Prices were constant over the subsequent days as demand was stagnant due to fluctuations in the U.S. Dollar rate, which prompted a reduction in demand.
- Market instability as well as the impending implementation of GST raised demand, with gold trading at Rs.2,987 per gram on 23 June.
- The price of gold continued to rise over the latter part of the week, with the price of gold recorded at Rs.2,992 per gram on 24 June, with the price remaining the same as the week ended on 25 June.
June ’17 – Week 5 (26 to 30)
- Contrary to the trends seen across other major Indian cities, gold prices in Chandigarh in the last week of June were stagnant.
- Gold traded at Rs.3,002 per gram on 26 June as there was a minor rise in demand due to a dip in the U.S. Dollar.
- Gold priced fell the following day, trading at Rs.2,972 per gram on 27 June but recovered to trade at Rs.2,992 per gram on 28 June.
- Demand rose as domestic consumption of the metal increased in the run-up to GST, which kept prices stable.
- Gold ended the week trading at Rs.2,992 per gram on 30 June.
|May 1st Rate||Rs.3,011 per gram|
|May 31st Rate||Rs.2,992 per gram|
|Highest Rate in May||Rs.3,011 per gram on 1st & 2nd May|
|Lowest Rate in May||Rs.2,918 per gram from 11th-15th May|
May 2017 - Week 1 (1st-7th)
- On the 1st and 2nd of the month, gold was priced at Rs.3,011 per gram as a result of high demand from domestic markets.
- As the U.S.dollar gained against the Yen and demand for this precious metal declined, the rate of gold fell as well.
- Gold was priced at Rs.2,982 per gram on the 3rd of May and declined further thereafter.
- Steady yet diminishing demand for this precious metal resulted in gold trading at Rs.2,952 per gram from the 4th of May until the very end of the week.
- Political factors as well as low demand resulted in a decline of gold rate as the first week of May progressed.
May 2017 – Week 2 (8th -14th)
- Gold prices in Chandigarh fell over the course of the week due to declining demand, as markets strengthened and industrial demand dropped.
- Gold traded at Rs.2,942 per gram on 8th May, with the price falling to Rs.2,928 per gram on 10th May due to lowered demand from industry.
- Prices fell to Rs.2,918 per gram on 11th May as markets continued their bullish run.
- Gold ended the week priced at Rs.2,918 per gram on 14th May as the metal could not recoup earlier losses, recording a drop in price of Rs.24 per gram during the week.
May 2017 - Week 3 (15th - 21st)
- Gold started trading in Chandigarh at Rs.2,918 per gram on 15th, which then went up to Rs.2,923 per gram on the 16th.
- The 17th again saw an increase in gold prices, owing to some weakening dollar amidst concerns over President Donald Trump’s meddlesome behaviour.
- Gold was trading at Rs.2,991 per gram on 18th - an increase of Rs.52 per gram from the previous day’s prices when bullion was selling at Rs.2,939 per gram.
- The US President’s involvement in trying to influence a federal investigation sent the market into a tizzy.
- However, after that concerns mellowed down on intensity, gold rates took a hit to go down to Rs.2,977 per gram on the 19th.
- Rates remained unchanged on the 20th and the 21st as bullion prices consolidated towards the end of May week 3.
May 2017 – Week 4 (22nd - 28th)
- The rate of gold was Rs.2,977 per gram on the first day of the fourth week in the city of Chandigarh. This price could be attributed to high demand for this precious metal.
- Gold rate steady on the 23rd of May despite the Manchester blasts with investors staying on the sidelines.
- This rate was witnessed until the 25th of the month as a result of steady demand for gold.
- However, the rate of gold increased on the 26th of the month due to a fall in the value of the U.S. dollar. Additionally, there did not seem to chances of the U.S. Fed increasing the rate of interest resulting in gold trading at a slightly high rate.
- From the 26th to the 28th of May in Chandigarh, gold traded at Rs.2,992 per gram.
May ’17 – Week 5 (29th to 31st)
- In spite of a trend of declining prices that was seen across most parts of the country, gold prices in Chandigarh in the last week of May were stagnant.
- Gold was priced at Rs.2,922 per gram on 29th May as industrial demand was muted as markets were relatively unaffected in spite of the attacks in Manchester the previous week.
- Demand from jewellers was poor due to rising costs as a result of a strong U.S. Dollar, through global currencies were also on the rise.
- The month ended with gold trading at Rs.2,992 per gram on 31st May to record an overall loss in value of 0.63%.
|April 1st Rate||Rs.2,991 per gram|
|April 30th Rate||Rs.3,011 per gram|
|Highest Rate in April||Rs.3,068 per gram on the 15th and 16th of April|
|Lowest Rate in April||Rs.2,983 per gram from the 8th to the 10th of April|
April 2017 - Week 1 (1st-9th)
- The city of Chandigarh witnessed a higher rate of gold due to steady demand for this precious metal from jewellers as well as positive market cues.
- On the 1st of April, rate of gold was Rs.2,991 per gram.
- Due to higher demand from both domestic and international markets, the rate of gold was stable at Rs.2,991 per gram until the 3rd of April.
- As the week progressed, the price of gold continued to rise due to increased offtake.
- The rate of gold was Rs.3,003 per gram between the 4th of April to the 7th of April.
- However, a minor decline was noted in the rate of gold during the last two days of the month with gold trading at Rs.2,983 per gram.
April 2017 - Week 2 (10th-16th)
- In Chandigarh, gold was priced at Rs.2,983 per gram on 10th which went up to Rs.2,998 per gram as demand increased
- The 12th saw the biggest increase in prices as the metal’s rate rose by Rs.38 to trade at Rs.3,036 per gram.
- However, as demand dipped suddenly on 13th, prices went down by Rs.20 to Rs.3,016 per gram.
- The fall, though, was short lived as gold gained by Rs.31 on 14th to bring trading prices up to Rs.3,047 per gram.
- As demand was on the increase from both domestic and international markets, rates went up again on the 15th, this time to reach Rs.3,068 per gram - Rs.21 per gram increase.
- On the last day of the week, gold price in Chandigarh remained unchanged as it was still seen trading at Rs.3,068 per gram.
April 2017 - Week 3 (17th-23rd)
- The price of gold in Chandigarh during the third week of April was quite stable due to stable demand for this yellow metal.
- Gold traded higher in early trade due to increasing tensions in North Korea and Syria, driving investors to safe haven assets.
- Gold traded at Rs.3,057 per gram on the 17th of April. This price was noted until the 21st of April due to steady demand for this metal.
- However, due to a fall in the vale of the U.S.Dollar, the price of gold rose to Rs.3,062 per gram and stayed steady at this rate until the end of the week.
April 2017 - Week 4 (24th-30th)
- The rate of gold in Chandigarh during the third week of April was quite steady with a few minor fluctuations noted after the first two days of the week.
- Gold opened the week at Rs.3,041 per gram due to relatively high demand and stayed steady at this price on the 25th as well.
- This rate however was not sustained and reduced the next day.
- Gold was priced at Rs.3,011 per gram from the 26th of April until the end of the week due to low but sustained demand.
- The French presidential elections as well as low demand for this precious metal resulted in a fall in the price of this yellow metal.
|March 1st Rate||Rs.3,009 per gram|
|March 31st Rate||Rs.2,991 per gram|
|Highest Rate in March||Rs.3,009 per gram on 1st March|
|Lowest Rate in March||Rs.2,950 per gram on 15th March|
March 2017 - Week 1 (1st - 4th):
- Gold rates in UT Chandigarh remained much the same as it was in Lucknow.
- March began with gold trading at Rs.3,009 per gram but went down to Rs.2,990 per gram on 3rd as dollar value surged.
- At the end of the week, gold was still trading at Rs.2,990 per gram.
March 2017 - Week 2 (5th - 11th):
- In UT Chandigarh, prices remained more and less the same as its neighbouring cities.
- When week 2 began gold was trading at Rs.2,990 per gram and remained unchanged on the 6th.
- The 7th saw prices go down by Rs.20 to trade at Rs.2,970 per gram but increased to Rs.2,993 per gram on 8th.
- Rates went down on 9th to Rs.2,977 per gram and again to Rs.2,965 per gram on 10th as demand plummeted.
- The week ended on 11th with the metal trading at Rs.2,971 per gram.
March 2017 - Week 3 (12th-18th):
- Gold prices in Chandigarh were steady as the week began but fell due to a dip in demand towards the middle of the week, before recovering again.
- Gold was priced at Rs.2,971 per gram on 13th March as demand from industry kept prices relatively stable.
- Prices fell due to a fall in demand, trading at Rs.2,951 per gram on 14th March.
- Due to a continuation of reduction in demand for gold from jewellers, the rate of gold declined marginally to trade at Rs.2,950 per gram on the 15th.
- Prices recovered as local demand boosted prices, as gold traded at Rs.2,960 per gram on 16th March.
- Rate of gold continued to recover slightly, trading at Rs.2,970 per gram on 17th March as both domestic as well as overseas demand rose.
- The week ended with gold trading at Rs.2,971 per gram on the final two days of the third week of March.
March 2017 - Week 4 (19th-25th):
- In UT Chandigarh, fourth week of March started with gold trading at Rs.2,976 per gram.
- On 22nd, gold prices went up by Rs.27 per gram to hit Rs.3,003 per gram, as there was a sudden increase in domestic demand.
- Gold rates remained the same on 23rd before going down by Rs.10 per gram on 24th to hit Rs.2,993 per gram.
- The fall in rates can be attributed to the rallying dollar and a slight fall in demand.
- At the end of the week, gold was still trading at Rs.2,993 per gram.
March 2017- Week 5 (26th-31st):
- Chandigarh too saw gold rates remain more and less the same for much of the week before decreasing on the last day.
- On 27th, gold was trading at RS.3,003 per gram and didn’t budge till the 30th due to sustained demand in the local market.
- When the week came to an end on 31st, gold was selling at Rs.2,991 per gram to mark a decrease of Rs.12 from the beginning of the week.
|February 1st Rate||Rs.2,978 per gram|
|February 28th Rate||Rs.3,020 per gram|
|Highest Rate in February||Rs.3,031 per gram from 25th-27th February|
|Lowest Rate in February||Rs.2,957 per gram from 4th-6th February|
February 2017 - Week 1 (1st-4th):
- Chandigarh, this week, followed a rather similar trend to that of Lucknow with regard to gold prices.
- Gold prices remained unchanged from 1st to 3rd at Rs.2978 per gram as there were no significant pointers to influence the demand.
- The 4th saw gold prices drop significantly bringing the week to an uneventful end.
- When the week ended, prices of gold were down to Rs.2,957 per gram - a decrease of Rs.21 per gram.
February 2017 - Week 2 (5th-11th)
- The price of gold in Chandigarh was stable as the week began, as demand from both retail as well as industrial sectors kept prices high.
- Gold traded at Rs.2,957 per gram on 5th February, with the price remaining constant for the next two days in spite of demand fluctuations.
- Prices rose to Rs.2,999 per gram on 7th February as the controversial immigration ban was contested in the United States, which led to markets plunging over the uncertainty of the outcome.
- The price rose further to a weekly high of Rs.3,009 per gram on 8th February, as global demand for gold rose due to the weak U.S. Dollar.
- The price was steady till 10th February, before falling to Rs.2,983 per gram on 11th February as demand dipped marginally to register a weekly price rise of Rs.26 per gram.
February 2017 - Week 3 (12th-18th)
- Gold prices in Chandigarh were steady as the week began but fell due to a dip in demand towards the middle of the week.
- Gold was priced at Rs.2,983 per gram on 12th February as demand from industry kept prices stable.
- Prices fell due to a dip in demand, trading at Rs.2,973 per gram on 14th February as industrial demand dropped due to a rising U.S. Dollar.
- Prices recovered as local demand boosted prices, as gold traded at Rs.2,989 per gram on 16th February.
- Gold reached a weekly high of Rs,3,004 per gram on 17th February as both domestic as well as overseas demand rose.
- The week ended with gold trading at Rs.2,999 per gram on 18th February.
February 2017 - Weeks 4 & 5 (19th-28th)
- The price of gold in Chandigarh was steady with minor fluctuations in price.
- Gold traded at Rs.2,999 per gram on 19th February, with the price remaining constant till 24th February.
- A dip in markets led to gold rising to Rs.3,031 per gram on 25th February, with the price staying constant till 27th February.
- A fall in demand led to gold trading at Rs.3,020 per gram on 28th February, registering an overall increase of 1.41%.
|January 1st Rate||Rs.2,844 per gram|
|January 31st Rate||Rs.2,958 per gram|
|Highest Rate in January||Rs.2,963 per gram on 1st and 2nd December|
|Lowest Rate in January||Rs.2,844 per gram from 1st-3rd January|
January 2017 - Week 1 (1st to 7th)
- Union territory Chandigarh saw gold trends that were similar to Lucknow, Delhi, and other key north Indian states.
- The first day of the year in Chandigarh began with gold trading at Rs.2,844 per gram which continued for the next two days till the end of 3rd.
- On 4th, prices increased by Rs.11 to help the yellow metal trade at Rs.2,855 per gram.
- The next three days of the week, from 5th to 7th, saw gold prices hold steady to trade at the same rate at Rs.2,866 per gram.
January 2017 - Week 2 (8th to 15th)
- The price of gold in Chandigarh increased throughout the week barring a slight dip towards the middle of the week.
- Gold was priced at Rs.2,866 per gram on 8th January on consistent demand from overseas and domestic markets.
- As international markets fluctuated, demand for gold rose, resulting in gold trading at Rs.2,888 per gram on 10th January.
- The price rose to Rs.2,909 per gram on 11th January.
- Gold was priced at Rs.2,925 per gram on 12th January, an increase of Rs.16 per gram due to high demand from jewellers.
- Prices fell to Rs.2,920 per gram on 13th January due to a fall in demand.
- Gold prices stabilised and rose to Rs.2,941 per gram on 14th January, with the price remaining constant as the week ended on 15th January, registering an overall increase of Rs.75.
January 2017 - Week 3 (15th to 21st):
- In Union Territory Chandigarh, gold prices seemed to fluctuate quite a bit during the third week of January.
- The week began with gold trading at Rs.2,941 per gram which later increased to Rs.2,952 per gram on the 16th.
- Prices didn’t change on the 17th but surged by Rs.21 to hit Rs.2,973 per gram on the 18th.
- On 19th, gold prices were down by Rs.16 to Rs.2,957 per gram.
- Prices fell again on the 20th bringing gold trading rates down to Rs.2,952 per gram - a Rs.5 decrease from the previous day.
- When the week ended on the 21st, gold prices increased to Rs.2,963 per gram - a change of Rs.11 compared to the closing rate from the previous day.
January 2017- Weeks 4 & 5 (22nd to 31st)
- Gold prices in Chandigarh reflected rates prevalent across the country, with prices being high as the week began but falling towards the end of the week.
- Gold traded at Rs.2,963 per gram on 22nd January and rose to Rs.2,979 per gram on 23rd January due to increased demand from industry and the retail sector in Asia.
- Prices dipped as demand was sluggish after Lunar New Year, trading at Rs.2,978 per gram on 25th January.
- Prices dipped further to Rs.2,946 per gram on 27th January as retail demand dropped and overseas demand also fell on global cues.
- Gold ended the week trading at Rs.2,958 per gram on 31st January.
|December 1st Rate||Rs.2,893 per gram|
|December 31st Rate||Rs.2,884 per gram|
|Highest Rate in December||Rs.2,893 per gram on 1st and 2nd December|
|Lowest Rate in December||Rs.2,800 per gram from 23rd to 28th December|
December 2016 - Week 1 (1st to 4th)
- In Chandigarh too, rates remained about the same as Lucknow as gold opened trading at Rs.2,893 per gram on December 1st.
- The government’s effort to cut down black money saw demand stagnate the same at Rs.2,893 per gram on December 2nd.
- On December 3rd though, prices seemed to decrease slightly as it traded at Rs.2,887 per gram.
- Gold prices closed at Rs. 2,887 per gram as there was no increase and decrease in demand due to old Rs.500 and Rs.1,000 notes being nullified.
December 2016 - Week 2 (5th-11th)
- The union territory and capital of Punjab had the luxury of seeing both a good price point and a massive drop.
- At the start of the week gold began trading at Rs.2,887 per gram and remained the same till the end of December 7th.
- On December 8th, gold prices increased slightly to hit Rs.2,892 per gram, and continued to be so till the end hours of December 9th.
- On December 10th though, prices fell considerably hard by Rs.28 to hit Rs.2,864 per gram, which then held on till the end of the week on December 11th.
December 2016 - Week 3 (12th to 18th)
- Union territory Chandigarh didn’t see much of a change in gold prices as there was only minor fluctuations seen throughout the week.
- Gold traded at Rs.2,864 at the beginning of the week on December 12th and continued to be the same till December 14th.
- On 15th gold prices decreased by Rs.42 per gram as it traded at Rs.2,822 per gram.
- At the end of the week, gold prices remained the same as on the 15th and stood at Rs.2,822 per gram.
December 2016 - Week 4 (19th to 25th)
- In Chandigarh, gold prices didn’t see too much of a change over the course of the week.
- On 19th, when the week began, gold started trading at Rs.2,822 per gram.
- Rates continued to remain the same till the end of business hours on the 22nd.
- The 23rd, however, saw gold prices decrease by Rs.22 per gram, as it hit Rs.2,800 per gram.
- Altogether, the fourth week of the December ended with gold prices remaining at Rs.2,800 per gram.
December 2016 - Week 5 (26th to 31st)
- The price of gold in Chandigarh did not show much change as demand was stable.
- Gold was priced at Rs.2,800 per gram from 26th to 28th December as demand was low.
- As the week drew to a close, prices rose, with gold trading at Rs.2,833 per gram on 29th December.
- Gold ended the year on a high, trading at Rs.2,844 per gram on 30th and 31st December amid an increase in demand.
|1st November rate||Rs.3,099 per gram|
|30th November rate||Rs.2,941 per gram|
|Highest rate in November||Rs.3,213 per gram on 5th and 6th November|
|Lowest rate in November||Rs.2,929 per gram on 25th to 27th November|
November '16 - Week 1 (1st to 6th)
- Gold continued to trade at the constant rate of Rs.3,099 per gram on 1st November.
- Festive and wedding season demand picked up in the domestic market and gold prices edged higher.
- By 5th and 6th November, gold was seen trading at Rs.3,213 per gram, the highest rate for the week.
- The dollar lowered this week giving gold a good spot in the global market but prices are expected to drop as the Fed rate hike draws closer.
November '16 - Week 2 (7th to 13th)
- Gold traded at Rs.3,211 per gram for the first half of this week.
- Constant rates could be attributed to steady demand on account of the wedding season.
- This week, the world witnessed two shocking events: PM Modi’s announcement that Rs.500 and Rs.1,000 notes were no longer legal tender and Donald Trump’s victory in the U.S. elections.
- While the domestic event led to demand for gold dropping drastically, Trump’s victory led to the dollar weakening which played in favour of gold.
- Gold prices dropped to Rs.3,071 per gram from 11th to 13th November as the aftermath of the surgical strike on black money played out.
November '16 - Week 3 (14th to 20th)
- Gold prices declined this week as the domestic market was still reeling from the shock of demonetisation.
- Gold traded at Rs.3,071 per gram at the start of the week.
- With people being unable to use black money to purchase gold along with stricter PAN card regulations and the fear of scrutiny by the IT department, gold showrooms saw a drastic reduction in footfall.
- Gold rates fell to Rs.2,994 per gram, the lowest for the week, on 19th and 20th November.
November '16 - Week 4 and 5 (21st to 30th)
- Prices of gold fell rapidly this week on account of cash shortage in the Indian economy.
- PM Modi’s strike on black money resulted in a drop in gold business by 75%.
- Gold traded at Rs.2,994 per gram on 21st and 22nd November.
- Positive economic data from the U.S. gave the dollar support to climb up which resulted in strong anticipation of the Fed rate hike.
- Gold traded at Rs.2,941 per gram in the last week of November.
- Demand is expected to be low for the next few weeks even though the wedding season is in full swing.
|1st October rate||Rs.3,205 per gram|
|31st October rate||Rs.3,099 per gram|
|Highest rate in October||Rs.3,205 per gram on 1st to 4th October|
|Lowest rate in October||Rs.3,088 per gram on 6th October to 25th October|
October '16 - Week 1 (1st to 7th)
- Gold prices dropped this week as demand for the yellow metal fell.
- Gold traded at Rs.3,205 per gram on 1st October.
- A strong dollar coupled with a growing chorus of the Fed rate hike led to gold prices plunging to Rs.3,088 per gram by the end of the week.
- Domestic demand has been relatively mute despite expectations of high festive demand.
October '16 - Week 2 (8th to 14th)
- Gold traded at a constant pace this week as domestic demand was stable.
- Global trends were positive, however, it turned weak towards the end of the week.
- Gold rates in Chandigarh stayed at Rs.3,088 per gram for the entire week.
- Jewellers and retailers have kept demand for gold up as they prepare to meet high demand during the festive season.
October '16 - Week 3 (15th to 21st)
- Gold continued to trade at a constant pace this week.
- The price of gold remained the same from last week at Rs.3,088 per gram.
- Gold rates did not change in accordance to global trends.
- Domestic demand was stable but is expected to pick up as the wedding season kicks off.
October '16 - Week 4 (22nd to 28th) & Week 5 (29th to 31st)
- Gold traded at Rs.3,088 per gram from 22nd October to 25th October.
- Prices of gold stayed constant this week in Chandigarh.
- The dollar weakened and the global market turned bullish for gold.
- On 26th October, gold prices climbed to Rs.3,099 per gram and stayed constant till the end of the week.
- Demand is expected to remain high as the wedding season approaches.
|1st September rate||Rs.3,184 per gram|
|30th September rate||Rs.3,217 per gram|
|Highest rate in September||Rs.3,228 per gram on 7th to 12th September|
|Lowest rate in September||Rs.3,184 per gram on 1st and 2nd September|
September '16 - Week 1 and 2 (1st to 10th)
- Gold prices surged through the week as investors returned to the safe haven investment after the U.S. economic data seemed slow.
- Speculation of a rate hike this month has been put to rest although U.S. Fed Chairwoman, Janet Yellen, is clear that possibility of the rate hike is gaining strength.
- Gold traded at Rs.3,184 per gram on 1st September and closed the week at Rs.3,228 per gram.
September '16 - Week 3 (11th to 17th)
- Gold traded at a steady pace this week although there was a drop in prices.
- Slow demand in the domestic market could be attributed to global trends.
- Anticipation of a Fed rate hike was raised again as the U.S. officials were confident that the economy was healthy enough to handle a rate hike despite economic data indicating otherwise.
- Gold traded at Rs.3,228 per gram on 11th and 12th September.
- By 17th September, gold rates had fallen to Rs.3,195 per gram.
September '16 - Week 4 (18th to 24th)
- Gold traded at a steady pace this week.
- Gold rates were at Rs.3,195 per gram on 18th September.
- As global market trends took a positive turn, gold climbed to Rs.3,227 per gram on 22nd September.
- Gold rates remained constant towards the end of the week.
- As demand in the domestic market rose with the festive season approaching soon, rates held steady this week.
September '16 - Week 5 (25th to 30th)
- Gold traded at Rs.3,227 per gram from 25th September to 28th September.
- The U.S. presidential elections have led to the Fed rate hike being put on hold till December.
- The dollar climbed which led to gold rates falling on 29th and 30th September.
- The trend for this month was an increase of 1.03%, but for the fifth week of September, it was a decline.
|1st July rate||Rs.3,219 per gram|
|31st July rate||Rs.3,205 per gram|
|Highest rate in July||Rs.3,248 per gram on 4th and 10th August|
|Lowest rate in July||Rs.3,205 per gram on 26th to 31st August|
August '16 - Week 1 (1st to 7th)
- The price of gold was constant at the beginning of the week and made small gains before it fell as the week ended.
- Gold traded at Rs.3,219 per gram on the 1st and at Rs.3,206 per gram on the 7th of August.
- The high demand at the start of the week due to equities and the Dollar being low was offset by high gains as the week ended.
August '16 - Week 2 (8th-14th)
- Gold found stability in week 2 of August as the dollar slipped.
- On 8th August, gold traded at Rs.3,206 per gram.
- Domestic demand gave gold rates a boost on 10th August and gold traded at Rs.3,248 per gram.
- Gold declined slightly but became steady at Rs.3,226 per gram by the end of the week.
August '16 - Week 3 (15th-21st)
- As the festive season approaches, jewellers have increased their intake as they gear up to meet the demand.
- Gold traded at Rs.3,226 per gram on 15th August.
- Prices climbed to Rs.3,238 per gram on 18th August and remained the same till the end of the week.
August '16 - Week 4 (22nd-28th)
- Gold rates in Chandigarh showed a declining trend for this week as the dollar grew stronger.
- Anticipation of a U.S. Fed rate hike also impacted gold rates.
- Steady demand in the domestic market kept gold prices relatively stable.
- Gold traded at Rs.3,238 per gram on 22nd August and fell to Rs.3,205 per gram by the end of the week.
August '16 - Week 5 (29th-31st)
- Gold traded at a steady pace through the last week of August.
- Gold prices were at Rs.3,205 per gram on 29th August and remained unchanged through the week.
- The steady prices can be attributed to sustained demand in the domestic market on account of the festive season.
|1st July rate||Rs. 3,119 per gram|
|31st July rate||Rs. 3,219 per gram|
|Highest rate in July||Rs. 3,227 per gram from July 7 to July 9|
|Lowest rate in July||Rs. 3,163 per gram on July 22|
July'16 - Week 1 and 2 (1st to 10th)
- International trends made gold a more appealing investment and demand rose.
- Gold prices were at Rs.3,167 and increased to Rs.3,227 by July 7th.
- Prices remained the same till the end of the week with demand stabilizing.
July'16 - Week 3 (11th to 17th)
- Gold rates were stable for the first two days before declining over the rest of the week.
- Prices were recorded at Rs.3,226 per gram on the first day of the week and Rs.2,199 per gram on the last day of the week.
- Gold prices declined significantly during the middle of the week, however the price was stable.
July '16 - Week 4 (18th to 24th)
- Gold rates stayed relatively steady with a slight decline.
- The global market has been greatly affected by the Brexit vote, strong U.S. economic data and a number of other smaller events.
- Gold traded at Rs.3,199 per gram on 18th July and fell to its lowest on 22nd July trading at Rs.3,163.
- It picked up slightly on the last two days ending at Rs.3,178 per gram.
July‘16 - Week 5 (25th to 31st)
- Gold prices were recorded at Rs.3,178 on the 25th and 26th of July, following which an increase of Rs.11 drove prices up to Rs.3,189 and they remained unchanged for another day.
- Prices increased to Rs.3,206 on the 29th of July after which another increase on the 30th ensured that the precious metal ended the month at Rs.3,219 per gram.
|1st June rate||Rs.2,960|
|30th June rate||Rs.3,167|
|Highest rate in June||Rs.3,182 on 28th and 29th of June|
|Lowest rate in June||Rs.2,950 from 2nd to 5th of June|
Jun'16 - Week 1 (1st to 5th)
- Gold traded steadily at the beginning of June. The prices of gold were at Rs. 2,960 on June 1st.
- Prices dipped to Rs. 2,950 on June 3rd and stabilized till June 5th.
- Prices stayed constant as the demand for gold stabilized.
Jun'16 - Week 2 (6th to 12th)
- Gold traded at Rs. 3,003 per gram on the 6th of June.
- Gold prices dropped down by Rs. 20 within two days as gold traded at Rs. 2,983 per gram on the 8th of June.
- The yellow metal hit its highest for the month on the 9th of June as it traded at Rs. 3,045 per gram.
Jun'16 - Week 3 (13th to 19th)
- Gold traded at Rs. 3,056 per gram on the 13th of June.
- Gold hit its highest for the week on the 17th of June at Rs. 3,109 per gram.
- Gold rate remained unchanged for the last three days of the week.
Jun'16 - Week 4 (20th to 26th)
- The rate of gold was more or less steady throughout the entire month of June with a slight decrease towards the end of the month.
- At the beginning of the week, the price of gold was Rs. 3,109 but declined to Rs. 2,950 at the end of the month.
- This amount was also the lowest for the month.
- The highest rate noticed during the week was on 21st at Rs. 3,120 per gram.
Jun'16 - Week 5 (27th to 30th)
- Gold rates did not fluctuate by much over the course of the last four days of June.
- Prices were recorded at Rs.3,098 on the 27th of June and Rs.3,167 on the 30th of June.
- The overall decline in prices between the 27th and 30th of June was Rs.69.
|1st May rate||Rs. 3,119 per gram|
|31st May rate||Rs. 2,960 per gram|
|Highest rate in May||Rs. 3,120 per gram on May 7|
|Lowest rate in May||Rs. 2,960 per gram on May 31|
May'16 - Week 1 (1st to 7th)
- Gold rates were constant throughout the week with marginal gains and losses along the way.
- Prices were recorded at Rs.3,119 on the 1st of May and Rs.3,120 on the 7th of May.
- The levels did not change much during the week thanks to strong global and domestic cues that kept prices stable.
May ‘16 - Week 2 (8th to 14th)
- Gold rates remained the same for the first two days of the week before recording a decline on Tuesday and remaining constant for the remainder of the week.
- Prices were recorded at Rs.3,120 on the 8th of May and Rs.3,080 on the 14th of May.
- Following the decline by Rs.40 on Tuesday, prices remained stable throughout the week thanks to strong global and domestic cues that ensured that prices were constant for the most part.
May ‘16 - Week 3 (15th to 21st)
- Gold rates remained the same for the first two days of the week before recording a consecutive declines on Tuesday, Wednesday and Thursday.
- Prices were recorded at Rs.3,080 on the 15th of May and Rs.3,048 on the 21st of May.
- Despite successive days of declining prices during the week, gold rates in the city gained stability towards the end of the week.
May ‘16 - Week 4 (22nd to 28th)
- The trend is Chandigarh followed the exact same pattern as Lucknow with steady rates till mid-week after which prices dropped.
- Prices were recorded at Rs. 3,048 on the 22nd of May and Rs. 2,960 on the 28th of May .
- In Chandigarh, the effect of the global gold market trends could be seen from May 25th till the end of the week.
May ‘16 - Week 5 (29th to 31st)
- The rate of gold was constant throughout the final week of May.
- Although there were minor variations in the price of gold throughout the month, there was a decline noted as the month progressed.
- On the last week, gold traded at Rs. 2,960 per gram.
|1st April rate||Rs 2,943|
|30th April rate||Rs 3,119|
|Highest rate in April||Rs 3,119 on 30th|
|Lowest rate in April||Rs 2,933 on 5th|
|% Change||+ 5.98%|
Apr'16 - Weeks 1 & 2 (1st to 10th)
- Gold gained value during the first two weeks of trading in the city as global cues enhanced the demand for gold as a safe haven investment while domestic factors also affected rates.
- Prices were Rs.2,943 on 1st and Rs.2,988 on 10th.
- Gold prices dropped on 5th to Rs.2,943 before regaining the lost value and posting profits on top by 10th.
Apr ‘16 - Week 3 (11th to 17th)
- Gold prices experienced low variations in the third week.
- Prices were Rs.2,988 on 11th and Rs.2,981 on 17th.
- Gold lost Rs.7 in this week’s trading.
Apr ‘16 - Week 4 (18th to 24th)
- Gold appreciated slightly in the fourth week.
- Prices were Rs.3,002 on 18th and Rs.3,007 on 24th.
- Gold prices saw minimal variations as domestic and global cues kept rates in check.
Apr ‘16 - Week 5 (25th to 30th)
- Gold traded at Rs 3,007 on 25th, unchanged from the previous week.
- Prices picked up over the week, reaching Rs 3,088 on 29th.
- The week ended on a high, as gold traded at Rs 3,119 on 30th.
1st March rate
31st March rate
Highest rate in March
Rs 3,030 from 1st to 14th
Lowest rate in March
Rs 2,940 on 15th, 16th and 17th
Mar'16 - Week 1 (1st to 6th)
- Gold markets stayed closed in the city as traders and jewellers prolonged their strike against the measures announced in Budget 2016-17 that levied an additional 1% excise duty on jewellery sales.
- Prices were constant at last week’s closing rate of Rs.3,030.
Mar'16 - Week 2 (7th to 13th)
- Gold markets were closed for the second straight week as jewellery associations continued their agitation against excise duty of 1% and mandatory PAN disclosure on transactions above Rs.2 lakhs.
- Prices were constant at last week’s closing rate of Rs.3,030.
Mar ‘16 - Week 3 (14th to 20th)
- Gold markets were closed in the third week also as protests entered the third week.
- Prices were constant at Rs.2,998 for the most part.
Mar ‘16 - Week 4 (21st to 27th)
- Gold traders continued their protest into the fourth week even as jewellers were open for business as usual.
- Prices saw little deviations, with only one change occurring within the week on 25th when prices fell to Rs.2,948 from Rs.2,998.
Mar ‘16 - Week 5 (28th to 31st)
- Market performance stayed steady for the week on account of strong global cues.
- Gold rates remained constant throughout the week, trading at Rs 2,948.
1st February rate
29th February rate
Highest rate in February
Rs.3,049 on 26th
Lowest rate in February
Rs.2,712 on 1st
Feb'16 - Week 1 (1st to 7th)
- Gold rates in Chandigarh appreciated in the 1st week of February on the back of favourable global cues and strong buying by jewellers to meet the wedding season demand.
- Prices were Rs.2,712 on 1st and Rs.2,868 on 7th.
- Gold prices appreciated continuously from 1st to 6th and were stable on 7th.
- Gold traded above Rs.2,803 from 4th to 7th, breaching 9-month old highs and settling at Rs.2,868 after making a profit of Rs.156.
Feb '16 - Week 2 (8th to 14th)
- Gold rates appreciated during the 2nd week on the back of depreciating rupee, domestic demand and global cues.
- Prices were Rs.2,863 on 8th and Rs.2,946 on 14th.
- Gold had settled at Rs.2,835 by 11th before rising exponentially on 12th by Rs.127 to breach 3,000-level and settle at Rs.3,008.
- Gold dropped to Rs.2,946 by 14th as demand slackened.
Feb '16 - Week 3 (15th to 21st)
- Gold prices depreciated by Rs.15 in the 3rd week, posting a rare negative week of trading this year as global cues were weak and domestic demand stayed tepid at the start of the week before picking some steam toward the end.
- Prices were Rs.3,008 on 15th and Rs.2,993 on 21st.
- Gold prices bottomed out at Rs.2,917 on 16th before rising consecutively till 19th on strong global cues and internal buying, and touched a peak of Rs.3,018 on 19th.
- Rates fell slightly to Rs.2,993 on 20th to end the week on a negative note.
Feb '16 - Week 4 (22nd to 29th)
- Gold prices rallied again in the last week of February as strong global cues spurred rates beyond Rs.3,000 once again.
- Rates were Rs.2,993 on 22nd and Rs.3,037 on 29th.
- Gold continued its streak of gains, and was well on its way to the highest net monthly gain in over 4 years.
- Prices dropped on 23rd by Rs.16 before clocking an overall gain of Rs.72 till 26th to touch a high of Rs.3,049.
- Gold depreciated by Rs.12 on 29th to end the month at a high of Rs.3,037.
|4th January rate||Rs.2,580|
|31st January rate||Rs.2,756|
|Highest rate in January||Rs.2,772 on 28th|
|Lowest rate in January||Rs.2,550 on 5th|
Jan '16 - Week 1 (4th to 10th)
- Gold gained value in the first trading week of 2016 on the back of increased domestic demand led by jewellers as well as global cues.
- Prices were Rs.2,580 on 5th and Rs.2,631 on 10th.
- Gold rates were lower on 5th at Rs.2,550, however prices appreciated continuously for the rest of the week.
- Gold breached 2,600-mark on 7th to settle at Rs.2,612 before gaining Rs.29 over the next two days to rest at Rs.2,631 by 9th and 10th.
Jan '16 - Week 2 (11th to 17th)
- Gold rates depreciated in the 2nd week on the back of weak global cues as well as sluggish domestic demand.
- Prices were Rs.2,638 on 11th and Rs.2,599 on 17th.
- Gold rates were down for the most part of the week except for the last few days when prices stabilized.
- Gold dropped by Rs.34 on 14th to fall below the Rs.2,600 mark by settling at Rs.2,599.
- Prices were stable at this level for the rest of the week.
Jan '16 - Week 3 (18th to 24th)
- Gold rates appreciated during the 3rd week by an overall margin of Rs.48 as domestic demand picked up for the ongoing wedding season while global trends also firmed up in favour of gold.
- Prices were Rs.2,655 on 18th and Rs.2,703 on 24th.
- Gold fell marginally to Rs.2,645 on 19th before recovering and gaining value to touch Rs.2,714 by 22nd.
- Prices were volatile in the next 2 days as gold fell to Rs.2,660 on 23rd but rallied to Rs.2,703 on 24th.
Jan '16 - Week 4 (24th to 31st)
- Gold gained value during the last week of January.
- Rates were Rs.2,703 on 25th and Rs.2,756 on 31st.
- Gold rallied to Rs.2,772 by 28th on the back of favourable global cues and increased demand from domestic jewellers to cater to the seasonal demand.
- Gold lost value on 29th and 30th to settle at Rs.2,702 before rallying to Rs.2,756 on 31st.
1st December rate
31st December rate
Highest rate in December
Rs.2,639 on 5th and 6th
Lowest rate in December
Rs.2,551 on 1st
Dec'15 - Week 1 (1st to 7th)
- Gold prices increased in the 1st week of the month in Chandigarh.
- Prices were Rs.2,551 on1st and Rs.2,597 on 7th.
- Gold rose to Rs.2,610 on 2nd before losing out the gains in the next two days to rest at Rs.2,553 by 4th.
- There was a significant rise on 5th which brought prices up by Rs.86 to Rs.2,639.
- Gold lost value on the last day of the week to settle at Rs.2,597.
Dec'15 - Week 2 (8th to 14th)
- Gold prices were slightly higher in the 2nd week.
- Prices were Rs.2,595 on 8th and Rs.2,599 on 14th.
- Prices dropped by Rs.17 on 9th to settle at Rs.2,572 before appreciating to Rs.2,581 on 10th.
- Gold lost Rs.13 over the next 2 days to touch RS.2,568 on 12th.
- Prices rose by Rs.66 on 13th and dropped by Rs.35 on 14th to end the week at Rs.2,599.
Dec'15 - Week 3 (15th to 21st)
- Gold prices were up again in the 3rd week.
- Prices were Rs.2,577 on 15th and Rs.2,554 on 21st.
- Gold declined by small amounts over the first 3 days to rest at Rs.2,561 by 18th.
- Prices rose to Rs.2,569 on 19th and appreciated again on the next day to recover all the losses and end higher at Rs.2,591.
- Prices fell by Rs.37 on the last day to end at Rs.2,554 on 21st.
Dec'15 - Week 4 (22nd to 28th)
- Gold prices rose in the 4th week.
- Rates were Rs.2,565 on 22nd and Rs.2,560 on 28th.
- Rates appreciated steeply on 23rd to Rs.2,612 before dropping to Rs.2,560 on 24th.
- Rates once again rallied to Rs.2,612 on 25th where it stayed till 26th.
- Prices dropped marginally by Rs.5 on 27th to rest at Rs.2,607.
- Gold prices fell again on 28th by Rs.47 to settle at Rs.2,560.
Dec'15 - Week 5 (29th to 31st)
- Gold prices were mostly stable in the 5th week.
- Rates were Rs.2,563 on 29th and Rs.2,557 on 31st.
- There was a gain of Rs.2 on 30th when prices rose to Rs.2,565 before dropping by Rs.8 to settle at Rs.2,557 for the month.
1st November rate
30th November rate
Highest rate in November
Rs.2,682 on 16th
Lowest rate in November
Rs.2,564 on 19th
- Gold lost value in the 1st week of November.
- Prices were Rs.2,679 on 1st and Rs.2,621 on 7th.
- Gold rates were stable from 1st to third and stayed around Rs.2,680.
- Rate declined significantly on 4th to drop to Rs.2,638 from previous day’s figure of Rs.2,682.
- Gold didn’t gain or lose value on 5th to stay at the same rate.
- There were marginal drop in rates on 6th and 7th.
Nov '15 - Week 2 (8th to 14th)
- Gold had a stable performance in the 2nd week of the month.
- Prices were Rs.2,621 on 8th and Rs.2,617 on 14th.
- Gold rates were stable till 11th around Rs.2,615 level.
- Gold gained value on 12th to touch Rs.2,629 before declining by Rs.29 on 13th to rest at Rs.2,600.
- Gold gained Rs.17 on the last day of the week to touch Rs.2,617.
Nov '15 - Week 3 (15th to 21st)
- Gold rates were volatile in the 3rd week.
- Gold rate was Rs.2,617 on 15th as well as 21st.
- Prices appreciated to Rs.2,682 on 16th before falling to Rs.2,596 on 17th.
- Gold gained Rs.21 on 18th but lost Rs.53 on 19th to rest at Rs.2,564.
- Gold appreciated over the next two days by Rs.6 and Rs.47 to settle at week ending rate of Rs.2,617.
Nov '15 - Week 4 and 5 (22nd to 30th)
- Gold lost value in the final days of the month.
- It was priced at Rs.2,617 on 22nd and Rs.2,560 on 30th.
- Rates dropped to Rs.2,573 by 24th before rallying back to Rs.2,617 on 25th.
- Prices settled around Rs.2,680 over the next 4 days, with 1 gram of 24k costing Rs.2,579 by 29th.
- There was further drop in rates on the last day of the month when gold dropped to Rs.2,560.
1st October rate
31st October rate
Highest rate in October
Rs.2,735 on 22nd
Oct '15 - Week 1 (1st to 7th)
- Gold rate appreciated in the first week of October.
- Prices were Rs.2,639 on 1st and Rs.2,657 on 7th.
- There was a substantial rise in rates on 5th when gold gained Rs.65 value in a single day to touch Rs.2,677 from Rs.2,712.
- Gold lost value on 7th to rest at Rs.2,657.
Oct '15 - Week 2 (8th to 14th)
- Gold gained some value in the second week of the month.
- It was priced at Rs.2,672 on 8th and Rs.2,682 on 14th.
- There was no significant appreciation or loss in value throughout the week.
Oct '15 - Week 3 (15th to 21st)
- There was a slight drop in rates in the third week of the month.
- Prices were Rs.2,726 on 15th and Rs.2,718 on 21st.
- Prices stayed between 2,710 to Rs.2,730 for the whole week, signalling a stable performance.
Oct '15 - Week 4 (22nd to 28th)
- Gold rates depreciated in the fourth week of the month. (as of 27th)
- It was priced at Rs.2,735 on 22nd and Rs.2,708 on 28th.
- Gold rate on 22nd at Rs.2,735 was the highest gold rate in Chandigarh for October.
- Gold declined significantly on 23rd to rest at Rs.2,713 on 23rd, before gaining some value on 24th to come to Rs.2,722.
- Prices once again declined on 26th to fall to Rs.2,704.
Oct '15 - Week 5 (29th to 31st)
- Gold rates saw consistent drops in the final days of October.
- Prices had appreciated to Rs.2,722 on 29th before losing value on 30th to below-2,700 level at Rs.2,699.
- Gold rates lost some more value on 31st when prices dropped to Rs.2,679.
Gold rate in Chandigarh for the month of September started at Rs.2,714 as on 1st of the month. Rates went south from 2nd and went below the Rs.2,700 mark on 3rd. Prices were on a downward slide from then onwards and clocked Rs.2,667 on 9th of the month. There were further drops in rate, which bottomed out on 12th at Rs.2,631. This was also the lowest gold rate for the month of September.
Gold was selling at Rs.2,684 on 14th and stabilized over the next few days. Prices stayed at the level between Rs.2,670-Rs.2,680 during this period. Prices started dropping from 22nd. Gold rate fell on 22nd and 23rd and reached a low of Rs.2,652. There was a pickup in demand leading to higher gold rates over the next couple of days. Gold rate peaked on 25th at Rs.2,724, which was also the highest rate for the month of September. Prices once again went on a downward slide with month ending rate of gold being Rs.2,653 as on 30th September.
Gold rates will likely be volatile for the coming weeks. However demand is expected to pick up toward the end of October when the festive season starts. This will propel gold rates.
Gold can be bought in the form of jewelry, gold coins, gold bars and invested with the banks.
Jewelry - Indian purchase gold during major occasions such as wedding, festivals etc. But, the gold rate will reduce in value when you resell the ornament. The ornaments charge heavy making charge and hence when you wish to resell the ornament, the jeweler will deduct the making charges.
Gold Coins - This is the common form of owning gold. The rates are prices on its weight and a small premium is based on its supply and demand. The gold coins will be available in various weight options. You can sell the gold coin back to the jeweler. The banks also sell gold coins, but they will not buy it back from you.
Gold bars - They are the most traditional way of investing in gold. This can be traded in the international markets as well.
Invest in Gold Funds - Gold can be invested with the SBI Gold Fund as an open ended fund. The investment is in units of SBI Gold Exchange Traded Schemes. You can benefit from exposure to the gold asset class without having a demat account.
You can also buy mutual funds that owns gold which makes the buying and selling quite easy.
The gold rate as on 15th June 2015 was Rs.2,537 for 1 gram of 22 karat gold and for 1 gram of 24 carat gold was Rs.2,721. In the past 6 months, the highest gold rate was recorded at Rs.2,859 on January 22nd, 2015.
There are many dealers in Chandigarh. Some of the major gold dealers are Kushal’s Fashion Jewellery, Pure Gold Jewellers, Tanishq, Kalyan Jewelers, Pavitra Jewellery, Mahajan Jewelers, ORRA, Sham Jewellers, P C Jewellers etc. The jewelers will offer gold in the form of ornament, coins, bars and in any other customized form that the customers requires.