Gold Price Trend In Delhi

Trend of Gold Rate in Delhi for November 2019 (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
November 1 Rate Rs.3,938 per gram
November 30 Rate Rs.3,869 per gram
Highest Rate in November Rs.3,974 per gram on 3 and 4 November
Lowest Rate in November Rs.3,869 per gram on 29 and 30 November
Overall Performance Decline

November 2019- Week 1 (01-03):

  • The price of gold in Delhi saw an upward trend opened the month at Rs.3,938 per gram as factory data in China showed positive signs which resulted in investors shifted to the market.
  • On 2 November, the price of the precious metal remained steady at Rs.3,938 per gram due to positive signs in the United States’ job data. The applications for unemployment benefits in the United States showed a considerable increase.
  • However, on 3 November, the price of the metal increased to hit its weekly high at Rs.3,974 per gram due to increased local demand.

November 2019- Week 2 (04-08):

  • After opening the month at Rs.3,938 per gram, gold prices in Delhi showed a declining trend in the second week of October. The price of the metal increased to Rs.3,974 per gram on 4 November due to a weak U.S. dollar value in the market.
  • However, on 5 November, gold prices decreased to Rs.3,969 per gram and further decreased to Rs.3,964 per gram on 6 November due to renewed trade deal optimism between China and the United States of America.
  • As risk appetite increased based on the positive cues of the trade talks, investors shifted to the market with their investments. Gold prices decreased further on 7 November to hit the monthly low at Rs.3,922 per gram, closing the week at the same price.

November 2019- Week 3 (09-17):

  • In Delhi, gold opened the third week of November at Rs.3,896 per gram. Compared to the previous week’s closing price, the rates of the precious metal dropped by Rs.26 per gram.
  • Due to positive development in the trade talks between Washington and Beijing, the rates of gold plummeted to Rs.3,885 per gram on 12 November.
  • With investors shifting to the bullion as a safe-haven asset while waiting for a formal announcement regarding a trade deal, the prices recovered slightly in the next couple of days. Every gram of gold cost Rs.3,927 on 15 November before declining again and closing the week at Rs.3,906 per gram.

November 2019- Week 4 (18 - 24):

  • Gold prices in the National Capital Region of Delhi showed a fluctuating trend in the fourth week of November, opening at Rs.3,906 per gram on 18 November. On 19 November, the price of the metal dipped significantly to Rs.3,896 per gram due to low local trends amidst positive global trends.
  • On 20 November, the price of the metal increased to Rs.3,922 per gram as investors awaited on developments in the Sino-U.S. trade deal. The trade deal was hampered due to the impeachment inquiry on President Donald Trump and the U.S. Senate passing legislation supporting protestors in Hong Kong.
  • However, as China invited officials from the United States of America for a face-to-face sit down for a round of fresh round to reach a deal, the price of gold eased marginally. Apart from this, positive U.S. jobs data also contributed to the declining trend of the metal. Gold closed the week at Rs.3,901 per gram.

November 2019 - Week 5 (25 – 30):

  • Gold prices in Delhi witnessed a declining trend in the fifth week of November. The rates opened the week at Rs.3,901 per gram and declined to Rs.3,875 per gram on 27 November.
  • The decline in the prices of gold was accounted to traders waiting for further developments regarding the trade deal between Washington and Beijing.
  • Ongoing protest in Hong Kong also played a part in the declining trend of the yellow metal in the national capital. The rates closed the week at Rs.3,869 per gram, which was the lowest recorded price for the metal in the month of November.

Trend of Gold Rate in Delhi for October 2019 (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
Rate on 1st October Rs.3,864 per gram
Rate on 31st October Rs.3,927 per gram
Highest Rate in October Rs.3,953 per gram on 28 and 29 October
Lowest Rate in October Rs.3,801 per gram on 2 October
Overall Performance Incline

October 2019- Week 1 (1-6):

  • Weak overseas trends and sluggish retail sales saw gold price in Delhi open at Rs.3,864 per gram before dropping to Rs.3,801 per gram on 2 October.
  • News of fresh U.S. tariffs on EU goods dented equities as investors switched to bullion, resulting in gold rate in Delhi rising to Rs.3,901 per gram on 4 October.
  • Weaker than expected U.S. jobs data and renewed uncertainty over Middle East tensions increased bullion’s safe-haven appeal, as the gold rate rose to Rs.3,911 per gram on 6 October.

October 2019- Week 2 (7-13):

  • Opening the month at Rs.3,864 per gram, gold price in Delhi, compared to the first week of the month, proved to be beneficial for investors in the second week being priced at Rs.3,911 per gram on 7 October in New Delhi.
  • The gold rate in Delhi hit weekly highs on 10 and 11 October at Rs.3,932 per gram as trade tensions grew amidst an increased local demand and rise in tensions in the Middle East.
  • However, due to Brexit worries and easing of trade tensions between the United States of America and China, the price of the yellow metal decreased marginally, closing the week at Rs.3,906 per gram.

October 2019- Week 3 (14-20):

  • In Delhi, after the positive signs in the third week of the month, the price of gold opened the week on 14 October at Rs.3,906 per gram and showed continued positive signs for the third week of the month as well.
  • The price of the metal remained steady for 3 days until 15 October due to the trade talks between the United States of America and China were tempered ahead of a meeting between the European Union and Great Britain.
  • On 16 October, gold prices hit its weekly high and remained steady until 18 October due to concerns over global growth and Great Britain shying out of a deal with the EU over Brexit. However, the price of the precious metal increased and closed at Rs.3,932 per gram on 20 October.

October 2019- Week 4 (21-27):

  • In Delhi, the price of gold opened week 4 of October at Rs.3,932 per gram and dipped for the next couple of days due to investors eagerly waiting on cues on Brexit and the trade talks between the United States of America and China.
  • After being priced at Rs.3,927 per gram on 24 October and 25 October due to markets waiting for the meeting of the United States Federal Reserve, the price of gold gained marginally to Rs.3,953 per gram on 26 October.
  • Due to poor markets, the Federal Reserve hinted another rate cut, resulting in investors shifting to the bullion as safe have pushing gold to hit its 2-week high at Rs.3,953 per gram on 26 October and 27 October, closing the week at the same price.

October 2019- Week 5 (28-31):

  • In the capital, gold prices opened on 28 October at Rs.3,953 per gram after holding steady on 26 October and 27 October amidst positive cues on the trade talks and a strong dollar. The price of the metal remained the same on 29 October as well.
  • However, on 30 October the price of gold dipped to Rs.3,917 per gram even amongst positive global trends due to decreased local demand marking the end of the festive season. The trade talks faltered, and investors eagerly awaited on the rate cut by the Federal Reserve.
  • Gold prices recovered marginally on 31 October at Rs.3,927 per gram as the dollar weakened further and the Federal Reserve announced the rate cuts of 25 bps. Gold closed the week and month at Rs.3,927 per gram.

Trend of Gold Rate in Delhi for September 2019 (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
September 1 Rate Rs.3,581 per gram
September 30 Rate Rs.3,880 per gram
Highest Rate in September Rs.4,011 per gram on 27 September
Lowest Rate in September Rs.3,554 per gram on 2 September
Overall Performance Incline
Percentage Change 10.55%

September 2019- Week 1 (1-8):

  • Steady local and overseas demand saw gold rate in Delhi open higher at Rs.3,959 per gram, with prices continuing to climb to Rs.3,990 per gram on 4 September.
  • Renewed trade tensions with China dented U.S. equities and increased bullion’s safe-haven appeal, as gold price in Delhi surged to Rs.4,037 per gram on 5 September though a steady dollar capped gains.
  • Gold price dropped as equities recovered on increased investor risk appetite, denting bullion demand as the yellow metal ended the week lower at Rs.3,938 per gram.

September 2019- Week 2 (9-15):

  • After a month of rising prices, gold rate in Delhi reflected a global downturn in bullion demand, opening at Rs.3,938 per gram before falling to Rs.3,906 per gram on 11 September.
  • Weak overseas offtake due to increased risk appetite bolstered equity demand as bullion took a backseat, with the gold rate dropping to Rs.3,880 per gram on 13 September.
  • Positive data on U.S. Treasury bonds and upcoming U.S.-China trade talks further boosted equities and the dollar as gold price fell to Rs.3,843 per gram on 15 September.

September 2019- Week 3 (16-22):

  • After a month of rising prices, gold rate in Delhi reflected a global downturn in bullion demand, gold rate opening at Rs.3,843 per gram before rising to Rs.3,885 per gram on 17 September.
  • Weak overseas offtake due to increased risk appetite bolstered equity demand as bullion took a backseat, with the gold dropping to Rs.3,838 per gram on 20 September.
  • Positive data on U.S. Treasury bonds and upcoming U.S.-China trade talks further boosted equities and the dollar as gold fell to Rs.3,875 per gram on 22 September.

September 2019- Week 4 (23-30):

  • Despite opening unchanged at Rs.3,948 per gram on 26 September, gold price in Delhi shot up to Rs.4,011 per gram on 27 September on rising economic uncertainty and favourable market cues.
  • Prices plunged to Rs.3,980 per gram on 28 September as retail demand failed to keep pace, though steady industrial orders kept prices from falling too sharply.
  • Investor interest remained strong but a recovering dollar rate capped gains as the metal rose to Rs.3,990 per gram on 29 September before dropping to Rs.3,880 per gram on 30 September on fluctuations in demand.

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

Parameters Gold price (24 karat)
August 1 Rate Rs.3,581 per gram
August 31 Rate Rs.3,959 per gram
Highest Rate in August Rs.4,011 per gram on 27 August
Lowest Rate in August Rs.3,554 per gram on 2 August
Overall Performance Incline
Percentage Change 10.55%

August 2019- Week 1 (1-11):

  • There was a sharp rise in gold price in Delhi, though the metal opened unchanged at Rs.3,581 per gram due to weak local retail demand.
  • Gold price in Delhi dropped to Rs.3,554 per gram on 2 August but jumped to Rs.3,665 per gram from 4-6 August after the U.S. indicated the levying of additional tariffs on Chinese goods.
  • Low U.S. Treasury yields and global interest rate cuts by central banks increased gold's appeal, as gold price in Delhi surged to Rs.3,778 per gram on 7 August and closing the week at Rs.3,843 per gram.

August 2019- Week 2 (12-18):

  • There were some fluctuations in the gold price in Delhi due to demand vagaries, with the metal opening unchanged at Rs.3,843 per gram on 12 August amidst increasing demand for safe-haven bullion.
  • Prices rose to Rs.3,875 per gram on 14 August as low risk sentiment among investors led to an increase in bullion demand, though prices dipped to Rs.3,833 per gram on 15 August on weak retail demand.
  • Despite market uncertainty due to recession fears, bullion prices continued to fluctuate, rising to Rs.3,875 per gram on 17 August before slipping to Rs.3,869 per gram on 18 August.

August 2019- Week 3 (19-25):

  • Apart from some minor fluctuations during the week, gold rates in Delhi opened unchanged at Rs.3,869 per gram on 19 August, though prices climbed to Rs.3,896 per gram on 21 August.
  • Steady offtake from jewellers ahead of the festive season raised demand, as the yellow metal traded at Rs.3,906 per gram on 22 August.
  • Increasing tensions between China and the U.S. raised bullion's safe-haven appeal, as the metal rose to Rs.3,948 per gram on 25 August.

August 2019- Week 4 (26-31):

  • Despite opening unchanged at Rs.3,948 per gram on 26 August, gold prices in Delhi shot up to Rs.4,011 per gram on 27 August on rising economic uncertainty and favourable market cues.
  • Prices plunged to Rs.3,980 per gram on 28 August as retail demand failed to keep pace, though steady industrial orders kept prices from falling too sharply.
  • Investor interest remained strong but a recovering dollar rate capped gains as the metal rose to Rs.3,990 per gram on 30 August before dropping to Rs.3,959 per gram on 31 August on fluctuations in demand.

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

Parameters Gold price (24 karat)
July 1 Rate Rs.3,302 per gram
July 31 Rate Rs.3,575 per gram
Highest Rate in July Rs.3,575 per gram on 31 July
Lowest Rate in July Rs.3,302 per gram on 1 and 2 July
Overall Performance Incline
Percentage Change 8.26%

July 2019- Week 1 (1-7):

  • After a static opening of Rs.3,486 per gram gold prices in Delhi fell briefly to Rs.3,444 per gram on 2 July on waning investor interest in bullion ahead of key U.S. employment data.
  • Despite positive U.S. economic data, the rise in U.S.-Iran tensions and geopolitical uncertainty increased bullion's appeal, as gold rose to Rs.3,518 per gram on 4 July.
  • Fluctuations in local demand saw prices drop to Rs.3,497 per gram on 5 July before the metal climbed to Rs.3,518 per gram when the week ended on 7 July.

July 2019- Week 2 (8-14):

  • Opening unchanged at Rs.3,518 per gram, gold rates in Delhi rose on positive overseas cues and a weak equity market, rising to Rs.3,528 per gram on 10 July.
  • A brief drop to Rs.3,507 per gram was recorded on 11 July as markets reacted favourably to strengthening U.S. jobs data, but surged to Rs.3,570 per gram on 12 July on renewed indications of an impending U.S. interest rate cut.
  • Prices once again fell to Rs.3,539 per gram on 13 July as poor retail sales impacted local demand, though the metal ended the week higher at Rs.3,554 per gram.

July 2019- Week 3 (15-21):

  • There was a significant rise in gold rates in Delhi after the metal opened unchanged at Rs.3,554 per gram on 15 July
  • Prices dropped to Rs.3,539 per gram on 18 July as a recovery in the dollar and waning investor demand dented overall offtake.
  • An escalation in tensions between the U.S. and Iran bolstered flagging bullion demand, as prices surged to Rs.3,612 per gram on 20 July before ending the week at Rs.3,586 per gram.

July 2019- Week 4 (22-28):

  • Fluctuations in local demand and conflicting overseas cues impacted gold rates in Delhi after the metal opened unchanged at Rs.3,586 per gram on 22 July.
  • Prices climbed to Rs.3,591 per gram on 23 July as jewellers increased orders but a strengthening U.S. dollar rate capped gains as prices dipped to Rs.3,570 per gram on 24 July.
  • Investors reduced offtake ahead of the U.S. Fed Reserve meeting and local demand failed to keep prices stable, as the metal ended the week at Rs.3,570 per gram on 28 July.

July 2019- Week 5 (29-31):

  • The drop in retail demand failed to dent gold rates in Delhi, which opened at Rs.3,570 per gram on 29 July.
  • Trade war tensions spilled over as markets remained volatile, bolstering bullion demand though prices remained unchanged.
  • There was a marginal rise as the month drew to a close, with the yellow metal priced at Rs.3,575 per gram on 31 July.

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

Parameters Gold price (24 karat)
June 1 Rate Rs.3,302 per gram
June 30 Rate Rs.3,486 per gram
Highest Rate in June Rs.3,305 per gram from 25-27 June
Lowest Rate in June Rs.3,302 per gram on 1 and 2 June
Overall Performance Incline
Percentage Change 5.57%

June 2019- Week 1 (1-9):

  • Gold rate in Delhi rose sharply after opening at a lacklustre Rs.3,276 per gram with strong local demand and positive overseas cues bolstering demand.
  • The threat of fresh U.S. tariffs against Mexico rattled equity markets as investors switched to bullion, resulting in gold rising to Rs.3,302 per gram on 3 June with prices remaining stable for a few days.
  • Static local demand kept prices unchanged for a few days but gold price in Delhi rose to Rs.,3337 per gram on 7 June, with a late rally boosting rates to Rs.3,371 per gram on 9 June.

June 2019- Week 2 (10 - 16):

  • The gold rate in Delhi remained unaltered from the end of week 1. At the start of week 2, the price still stood at Rs.3,371 per gram.
  • A subdued dollar rate caused gold price to soar, and on 13 June, gold price in Delhi to Rs.3,339 per gram.
  • Despite a rise in the U.S. dollar rate, gold rates continued to climb, trading at Rs.3,371 per gram on 15 June before surging to Rs.3,376 per gram on 16 June.

June 2019- Week 3 (17-23):

  • The surge in global bullion demand boosted gold price in Delhi, though the metal opened at a static Rs.3,376 per gram on 17 June and remained constant till 19 June.
  • Reports of an interest rate cut by the U.S. Fed bolstered bullion offtake as the U.S. dollar dropped, though the precious metal briefly dropped to Rs.3,371 per gram on 20 June.
  • Gold rate in Delhi surged to Rs.3,444 per gram on 21 June as local retail sales rose on positive global cues, continuing to climb for the rest to week as the yellow metal traded at Rs.3,497 per gram on 23 June.

June 2019- Week 4 (24-30):

  • Gold rate in Delhi saw some fluctuations as the dollar rate and global uncertainty impacted demand after the metal opened the week at Rs.3,486 per gram on 24 June.
  • Gold Price in Delhi jumped to Rs.3,502 per gram on 25 June as war rhetoric between the U.S. and Iran increased bullion's safe-haven appeal, though prices slid back to Rs.3,486 per gram on 28 June.
  • Gold rose to Rs.3,502 per gram on 29 June as the ongoing G20 summit negotiations increased bullion demand but the month ended with the precious metal trading at Rs.3,486 per gram.

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

Parameters Gold price (24 karat)
May 1 Rate Rs.3,266 per gram
May 31 Rate Rs.3,276 per gram
Highest Rate in May Rs.3,281 per gram on 18 May
Lowest Rate in May Rs.3,218 per gram on 4 May
Overall Performance Incline

May 2019- Week 1 (1-5):

  • As the constant fluctuations across equity markets continued, gold prices in Delhi dropped after opening at a steady Rs.3,266 per gram on 1 May.
  • A momentary drop to Rs.3,260 per gram on 2 May was followed by a sharp fall to Rs.3,218 per gram on 4 May as encouraging export figures from China boosted equity offtake among investors.
  • A low rupee made imports more expensive but a late rally by the yellow metal helped boost prices marginally as gold traded at Rs.3,229 per gram on 5 May.

May 2019- Week 2 (6-12):

  • Gold prices in Delhi recovered from their steep drop the previous week as increased local and overseas offtake led to a spike in demand, though the metal opened unchanged at Rs.3,229 per gram on 6 May.
  • Prices rose to Rs.3,239 per gram on 8 May as bullion demand rose on heightened market volatility after the U.S. threatened China with more trade tariffs.
  • Sanctions against Iran over the nuclear agreement also rattled markets, as gold rates surged to Rs.3,250 per gram on 10 May, continuing to rise to Rs.3,271 per gram when the week ended on 12 May.

May 2019- Week 3 (13-19):

  • Gold prices in Delhi recovered from their steep drop the previous week as increased local and overseas offtake led to a spike in demand, though the metal opened unchanged at Rs.3,228 per gram on 13 May.
  • Prices rose to Rs.3,237 per gram on 14 May as bullion demand rose on heightened market volatility after the U.S. threatened China with more trade tariffs.
  • Sanctions against Iran over the nuclear agreement also rattled markets, as gold rates surged to Rs.3,259 per gram on 16 May, continuing to rise to Rs.3,278 per gram when the week ended on 19 May.

May 2019- Week 4 (20-26):

  • Falling demand for bullion impacted gold prices in Delhi, with prices falling sharply after opening unchanged at Rs.3,271 per gram on 20 May.
  • Positive U.S. economic data and reducing investor interest in commodities saw the metal's value to Rs.3,239 per gram on 22 May as local industrial and retail demand failed to maintain prices.
  • The stand-off between the U.S. and Iran as well as Sino-U.S. trade talk failures bolstered the U.S. dollar as gold plunged to Rs.3,224 per gram on 24 May before recovering to end the week at Rs.3,250 per gram.

May 2019- Week 5 (27-31):

  • After a relatively subdued opening of Rs.3,250 per gram on 27 May gold prices in Delhi rose on steady local offtake and rising overseas interest.
  • A stable U.S. dollar rate capped some gains but a surge in local industrial demand saw prices rise to Rs.3,255 per gram on 29 May, with overseas investor demand also bolstering bullion.
  • The failure of Sino-U.S. trade talks and impending sanctions on Chinese goods renewed fears of a global fallout as bullion demand surged, resulting in gold ending the month at Rs.3,276 per gram.

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

Parameters Gold price (24 karat)
April 1 Rate Rs.3,266 per gram
April 28 Rate Rs.3,276 per gram
Highest Rate in April Rs.3,276 per gram on 10, 12 and 28 April
Lowest Rate in April Rs.3,229 per gram on 4, 5 and 20 April
Overall Performance Incline

April 2019 - Week 1 (1-7):

  • Gold prices in Delhi fluctuated significantly during the week after opening the month unchanged at Rs.3,266 per gram.
  • Subdued industrial offtake and reduced retail demand due to a rising U.S. dollar rate saw prices plunge to Rs.3,239 per gram on 3 April.
  • Prices plunged to Rs.3,229 per gram on 4 April on conflicting cues from U.S. jobs data and stagnant local demand before a weakening dollar helped gold rates rally to Rs.3,255 per gram on 7 April.

April 2019 - Week 2 (8-14):

  • Gold rates in Delhi rose steadily after opening at Rs.3,255 per gram on 8 April, reaching Rs.3,276 per gram on 10 April on growing overseas demand due to a flagging U.S. dollar.
  • The threat of U.S. trade sanctions against the European Union rattled markets but a recovering dollar capped gold gains as the metal fell to Rs.3,266 per gram on 11 April.
  • Prices plunged to Rs.3,245 per gram on 13 April as Chinese industrial data led to a market rally and investor interest in bullion dropped before gold recovered to end the week at Rs.3,250 per gram.

April 2019 - Week 3 (15-21):

  • As economic slowdown fears receded after encouraging economic data from the U.S. and China, demand for bullion fell dropped locally as well, with the precious metal trading at Rs.3,250 per gram on 15 April.
  • Gold rates in Delhi dropped steadily during the week as retail offtake was poor due to the strengthening U.S. dollar, trading at Rs.3,245 per gram on 17 April before dropping further to Rs.3,239 per gram on 18 April.
  • Prices plunged to Rs.3,229 per gram on 20 April on positive U.S.-China trade talks but dovish stances by leading Eurozone central banks helped gold edge up to Rs.3,234 per gram on 21 April.

April 2019- Week 4 (22-28):

  • Reflecting trends seen across other cities, gold rates in Delhi rose marginally after opening flat at Rs.3,234 per gram on 22 April as rising industrial and retail demand boosted the metal's profile.
  • Gold surged to Rs.3,250 per gram on 23 April but dropped back to Rs.3,234 per gram on 24 April on conflicting cues, as the steady U.S. dollar capped local gains.
  • Interest in bullion rose as global recession fears took hold after weak U.S. GDP data and the Iran-U.S. trade standoff weighed on markets, with the precious metal climbing to Rs.3,276 per gram on 28 April.

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

Parameters Gold price (24 karat)
March 1 Rate Rs.3,402 per gram
March 31 Rate Rs.3,266 per gram
Highest Rate in March Rs.3,402 per gram on 1 March
Lowest Rate in March Rs.3,239 per gram on 30 March
Overall Performance Decline
Percentage Change -3.99%

March 2019 - Week 1 (1-10):

  • Weak overseas trends and a rising U.S. dollar rate pushed gold price in Delhi lower despite steady local demand, with the metal opening lower at Rs.3,402 per gram on 1 March.
  • Gold price fell steadily as investors' risk appetite grew on the possibility of a resolution to the Sino-U.S. trade crisis which resulted in a reduction in the gold's safe-haven appeal, with prices falling to Rs.3,344 per gram on 5 March.
  • Strong U.S. jobs growth and a delay in the European Central bank's interest rate hikes led to a surge in the dollar rate as gold fell to Rs.3,292 per gram on 9 March before recovering marginally to trade at Rs.3,318 per gram on 10 March.

March 2019 - Week 2 (11-17):

  • Gold rate in Delhi opened at a steady Rs.3,318 per gram on 11 March but poor demand from overseas and a rise in the U.S. dollar rate dented prices as the precious metal fell to Rs.3,302 per gram on 12 March.
  • Despite steady industrial demand, weak investor interest saw gold price in Delhi drop to Rs.3,287 per gram on 13 March before rising to Rs.3,302 per gram on 15 March on uncertainty over the impending Brexit vote.
  • A delay in Brexit and strengthening equity markets saw gold price drop to Rs.3,276 per gram on 16 March before a dovish stand by the U.S. Federal Reserve boosted gold to Rs.3,281 per gram on 17 March.

March 2019 - Week 3 (18-24):

  • In line with trends across other cities, gold rates in Delhi rose marginally after some initial fluctuations with gold trading at Rs.3,281 per gram on 18 March.
  • Prices dropped to Rs.3,260 per gram on 19 March as a steady rise in the U.S. dollar deterred local retail sales and jeweller demand, though overseas demand was consistent.
  • Gold rose to Rs.3,276 per gram on 21 March as the U.K. looked set for a hard Brexit and markets tumbled, with the yellow metal rising further to close the week at Rs.3,308 per gram.

March 2019- Week 4 (25-31):

  • Weak local demand and fluctuations in overseas demand saw gold prices in Delhi drop steeply during the week after opening at a stable Rs.3,308 per gram on 25 March.
  • A recovering U.S. dollar and rising investor confidence in equities dented gold's appeal as the metal fell to Rs.3,287 per gram on 28 March, with prices falling to Rs.3,276 per gram on 29 March as local demand also declined.
  • A resolution to the Sino-U.S. trade dispute and strong economic data from China boosted the dollar as gold plunged to Rs.3,239 per gram on 30 March before prices marginally recovered to close at Rs.3,266 per gram on 31 March.

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

Parameters Gold price (24 karat)
February 1 Rate Rs.3,423 per gram
February 28 Rate Rs.3,428 per gram
Highest Rate in February Rs.3,465 per gram on 21 February
Lowest Rate in February Rs.3,386 per gram on 8 and 9 February
Overall Performance Incline
Percentage Change 0.14%

February 2019 - Week 1 (1-10):

  • Gold price in Delhi opened at a steady Rs.3,423 per gram on 1 February and remained stable for a few days on strong local retail demand.
  • Fluctuations in demand due to a strengthening dollar saw prices fall to Rs.3,418 per gram on 6 February as retail offtake failed to prop up prices as Asian orders fell sharply.
  • Rising costs associated with a steady dollar rate resulted in a drop in industrial offtake as gold rate slid downwards for the rest of the week before closing at Rs.3,402 per gram on 10 February.

February 2019 - Week 2 (11-17):

  • Gold rate in Delhi declined for most of the week before a late rally boosted the metal's fortunes.
  • The precious metal traded at Rs.3,402 per gram on 11 February but fell to Rs.3,360 per gram on 14 February on declining overseas demand as the dollar and equity markets rallied.
  • Increased local retail sales kept prices stable as industrial demand dropped, with a falling rupee capping possible gains.
  • Fears over Brexit and another possible U.S. government shutdown resulted in higher investor interest in the metal, which rose to Rs.3,423 per gram when the week ended on 17 February.

February 2019 - Week 3 (18-24):

  • Positive local cues boosted gold price in Delhi despite a slowing down of overseas interest in the metal.
  • Gold traded at Rs.3,423 per gram on 18 February before apprehensions over the impact of Brexit saw investors increase bullion stakes as gold price in Delhi rose to Rs.3,434 per gram on 20 February.
  • Prices climbed to Rs.3,465 per gram on 21 February as local retail demand kept prices stable in spite of static demand from Asia.
  • A more hawkish stance by the Fed Reserve raised investor confidence in equities and the dollar as gold rate dropped to Rs.3,418 per gram on 23 February before recovering to close at Rs.3,434 per gram on 24 February.

February 2019 - Week 4 (25-28):

  • After a period of stability there was a drop in gold price in Delhi as market cues and declining industrial interest affected demand for the metal.
  • Gold opened the week at Rs.3,434 per gram on 25 February as the ongoing Sino-U.S. trade talks had investors pull away from bullion as a caution.
  • The U.S. dollar surged on news of a more hawkish address by the Fed Reserve and a standoff in the trade talks.
  • Gold rate in Delhi dropped to Rs.3,428 per gram on 26 February with prices remaining unchanged when the week ended on 28 February as gold recorded an overall increase in value of 0.14% during the month.

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

Parameters Gold price (24 karat)
Rate on 1st January 2019 Rs.3,234per gram
Rate on 31st January 2019 Rs.3,397per gram
Highest Rate in January 2019 Rs.3,397per gram on 31 January
Lowest Rate in January 2019 Rs.3,234 per gram on 1 January
Overall Performance Incline
Percentage Change 5.04%
Comparison for 24 K Gold Rates for Delhi January 2019
Graph for Gold Rate (24K) in Delhi January 2019

January 2019 - Week 1 (1 - 6):

  • Increased overseas demand along with strong local jeweller orders boosted gold rate in Delhi, with the metal opening trading at Rs.3,234 per gram.
  • The dollar continued to trade poorly as the government shutdown affected markets, resulting in higher interest in bullion.
  • Strong local demand drove gold price to Rs.3,281 per gram on 4 January before a slight dip saw gold settle at Rs.3,276 per gram when the week ended on 6 January.

January 2019 - Week 2 (7 - 13):

  • In line with trends seen across other cities, gold price in Delhi rose steadily as a weak dollar and volatile markets increased overall interest in bullion.
  • Gold traded at Rs.3,245 per gram when trading opened on 7 January and fell marginally to Rs.3,239 per gram on 8 January due to fluctuating overseas demand.
  • Gold price rose steadily as the government shutdown in the U.S. and Brexit negotiations rattled markets, with investors increasing bullion purchases.
  • The gold rate in Delhi rose to Rs.3,266 per gram on 10 January before surging to Rs.3,297 per gram when the week ended on 13 January.

January 2019 - Week 3 (14 – 20):

  • Gold price in Delhi echoed trends seen across other cities, as burgeoning demand from jewellers and positive market cues raised the precious metal's value.
  • The precious metal was priced at Rs.3,297 per gram when trading opened on 14 January and prices quickly rose, boosted by rising Asian demand and increased orders from investors.
  • Industrial demand was on the rise as the Sino-U.S. trade dispute neared resolution as gold rate in Delhi rose to Rs.3,318 per gram on 16 January.
  • Continued reliance on bullion by overseas investors due to turbulent financial markets further raised gold rate in Delhi, which closed at Rs.3,334 per gram on 20 January.

January 2019 - Week 4 (21-27):

  • Interest in gold saw significant fluctuations this week as geopolitical crises in Venezuela and the ongoing U.S. government shutdown increased demand for safe-haven gold.
  • Gold traded at Rs.3,334 per gram on 21 January before dropping steeply to Rs.3,308 per gram on 23 January on poor investor offtake ahead of the U.S Federal Reserve meeting.
  • Gold rate in Delhi rose as local and global demand for the metal rose as markets dropped on news of the political uncertainty in Venezuela to close the week at Rs.3,344 per gram on 27 January.

January 2019 - Week 5 (28-31):

  • Strong overseas cues and steady local demand boosted gold price in Delhi with the metal opening at Rs.3,344 per gram on 28 January.
  • Continued tensions over the Venezuelan political crisis shook equity markets as investors turned to bullion as a safe-haven, raising prices to Rs.3,355 per gram on 29 January.
  • An easing of the monetary tightening policy by the Federal Reserve also bolstered gold demand with prices surging to Rs.3,397 per gram on 31 January to record a rise of 5.04% over the course of the month.

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

Parameters Gold price (24 karat)
December 1 Rate Rs.3,108 per gram
December 31 Rate Rs.3,239 per gram
Highest Rate in December Rs.3,260 per gram on 12 and 13 December
Lowest Rate in December Rs.3,108 per gram from 1 to 3 December
Overall Monthly Performance Incline
Percentage Change 4.21%
Comparison for 24 K Gold Rates for Delhi December 2018
Graph for Gold Rate (24K) in Delhi December 2018

December 2018 - Week 1 (1 - 9):

Parameters Gold price (per gram of 24 karat gold)
December 1 Rate Rs.3,108 per gram
December 9 Rate Rs.3,176 per gram
Overall Weekly Performance Incline
  • Gold prices in Delhi were on the increase as higher retail sales and jeweller orders boosted demand, with overseas cues also positive.
  • The precious metal traded at Rs.3,108 per gram on 1 December, rising to Rs.3,129 per gram on 4 December as the dollar faltered ahead of Brexit final deal negotiations.
  • Volatile markets rattled investors, who increased bullion buys as prices surged to Rs.3,176 per gram when the week ended on 9 December, recording a gain of Rs.68 during the week.

December 2018 - Week 2 (10 - 16):

Parameters Gold price (per gram of 24 karat gold)
December 10 Rate Rs.3,176 per gram
December 16 Rate Rs.3,229 per gram
Overall Weekly Performance Incline
  • Rising local demand and positive overseas trends saw gold prices in Delhi climb during the week after opening at Rs.3,176 per gram.
  • A steep drop in equities prompted increased demand for safe-haven bullion, as the metal rose to Rs.3,260 per gram on 12 December.
  • Prices dropped as the dollar recovered, though local demand continued to be steady with the metal closing the week at Rs.3,229 per gram on 16 December.

December 2018 - Week 3 (17 - 23):

Parameters Gold price (per gram of 24 karat gold)
December 17 Rate Rs.3,229 per gram
December 23 Rate Rs.3,187 per gram
Overall Weekly Performance Decline
  • Gold was priced at Rs.3,229 per gram on the 17th of December, when the week began, which then dropped to Rs.3,213 per gram the next day.
  • On the 19th, gold rates in Delhi went up to Rs.3,224 per gram before a drop in demand saw prices tumble to Rs.3,176 per gram the next day.
  • Over the next three days, gold rates improved slightly and on the final day of the week, the metal was seen trading at Rs.3,187 per gram.

December 2018 - Week 4 (24 - 31):

Parameters Gold price (per gram of 24 karat gold)
December 24 Rate Rs.3,187 per gram
December 31 Rate Rs.3,239 per gram
Overall Weekly Performance Incline
  • Positive global cues coupled with strong investor demand led to gold prices holding at Rs.3,187 per gram when the last week began.
  • With market participants gravitating towards safe-haven assets amid the rising Sino-US trade concerns and declining global economic growth, prices rose considerably during the week.
  • When the week came to an end, gold price in Delhi was recorded holding at Rs.3,239 per kg on the 31st, registering a 4.21% increase in domestic prices during the course of the month.

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

Parameters Gold price (24 karat)
November 1 Rate Rs.3,255 per gram
November 30 Rate Rs.3,124 per gram
Highest Rate in November Rs.3,266 per gram on 7 November
Lowest Rate in November Rs.3,124 per gram on 30 November
Overall Monthly Performance Decline
Percentage Change -4.02%

November 2018 - Week 1 (1 - 4):

Parameters Gold price (per gram of 24 karat gold)
November 1 Rate Rs.3,255 per gram
November 4 Rate Rs.3,260 per gram
Overall Weekly Performance Incline
  • The month began with gold rate in Delhi holding at Rs.3,255 per gram on the 1st with subdued demand for the precious metal.
  • Poor demand coupled with weak market trends overseas led to gold trading at Rs.3,250 per gram on the 2nd and the 3rd.
  • The week came concluded with gold priced relatively higher at Rs.3,260 per gram on the 4th after the dollar weakened ahead of the US employment data.

November 2018 - Week 2 (5 - 11):

Parameters Gold price (per gram of 24 karat gold)
November 5 Rate Rs.3,260 per gram
November 11 Rate Rs.3,203 per gram
Overall Weekly Performance Decline
  • The week began with gold rate in Delhi holding at Rs.3,260 per gram on the 5th with steady domestic demand amid firm market trends overseas.
  • The next couple of days saw gold trading at Rs.3,250 per gram before surging to Rs.3,266 per gram on the 8th with local demand picking up amid the festive season.
  • The week came to an end with gold finishing on a weaker note at Rs.3,203 per gram after the Federal Reserve's interest rate review led to the bullion losing its sheen.

November 2018 - Week 3 (12 - 18):

Parameters Gold price (per gram of 24 karat gold)
November 12 Rate Rs.3,203 per gram
November 18 Rate Rs.3,176 per gram
Overall Weekly Performance Decline
  • The price of gold in the national capital reflected trends seen across other cities, with a steady decline due to the rising U.S. dollar.
  • Gold was priced at Rs.3,203 per gram on 12 November and rose briefly to trade at Rs.3,208 per gram on 14 November.
  • The continued rise in the U.S. dollar rate affected local retail sales and gold price in Delhi fell to Rs.3,187 per gram on 14 November due to poor demand.
  • In spite of the ongoing market fluctuation due to Brexit, investors were wary of investing in bullion as prices dropped to Rs.3,176 per gram when the week ended on 18 November.

November 2018 - Week 4 (19 - 25)

Parameters Gold price (per gram of 24 karat gold)
November 19 Rate Rs.3,192 per gram
November 25 Rate Rs.3,145 per gram
Overall Weekly Performance Decline
  • Gold was priced at Rs.3,192 per gram on 19 November, recovering marginally from last week's poor showing on rising retail demand.
  • A weakening rupee and rising crude oil costs reversed this trend, as jewellers and industrial units reduced offtake.
  • The yellow metal dropped to Rs.3,166 per gram on 21 November as a recovering dollar and falling overseas trends affected gold prices in Delhi.
  • Prices rose marginally as the week ended, with the precious metal trading at Rs.3,171 per gram on 25 November.

November 2018 - Week 5 (26 - 30):

Parameters Gold price (per gram of 24 karat gold)
November 26 Rate Rs.3,145 per gram
November 30 Rate Rs.3,124 per gram
Overall Weekly Performance Decline
  • Fluctuating overseas demand and weak local cues resulted in gold rates in Delhi falling steadily this week.
  • The precious metal traded at Rs.3,145 per gram on 26 November, as retailers put off purchases due to the falling rupee.
  • Prices dipped to Rs.3,140 per gram on 27 November before recovering on a marginal rise in industrial demand.
  • The dollar recovered ahead of the G20 summit as gold crashed to Rs.3,124 per gram on 29 and 30 November, losing Rs.21 in value during the week.

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

Parameters Gold price (24 karat)
October 1 Rate Rs.3,140 per gram
October 31 Rate Rs.3,260 per gram
Highest Rate in October Rs.3,271 per gram on 25 October
Lowest Rate in October Rs.3,140 per gram on 1 October
Overall Monthly Performance Incline
Percentage Change 3.82%
Comparison for 24 K Gold Rates for Delhi oct-1 2018
Graph for Gold Rate (24K) in Delhi oct-1 2018

October 2018 - Week 1 (1 - 7):

Parameters Gold price (per gram of 24 karat gold)
October 1 Rate Rs.3,140 per gram
October 7 Rate Rs.3,229 per gram
Overall Weekly Performance Incline
  • The national capital's demand for gold kept pace with the rest of the country, as gold prices rose significantly thanks to a boost in retail demand.
  • Gold opened the week at Rs.3,140 per gram and remained constant for a few days as demand was sluggish due to the sharp crash in the rupee.
  • In spite of gold becoming more expensive due to the falling rupee, retail demand was on the rise and pushed gold rates to Rs.3,197 per gram on 4 October.
  • Prices fell marginally after the Federal Reserve raised interest rates mid-week, sending gold prices crashing to Rs.3,187 per gram on 6 October.
  • The end of the week saw gold prices in Delhi rise to Rs.3,229 per gram on growing investor interest in bullion both domestically and overseas.

October 2018 - Week 2 (8 - 14):

Parameters Gold price (per gram of 24 karat gold)
October 8 Rate Rs.3,229 per gram
October 14 Rate Rs.3,245 per gram
Overall Weekly Performance Incline
  • The capital of India witnessed a slight decline in the value of gold on 8 October due to the surge in dollar. At the start of week 2, gold was priced at Rs.3,229 per gram.
  • The gold in Delhi rose in value as favourable global trends for the metal were recorded.
  • On 14 October, gold was trading at Rs.3,245 per gram, recording an inclining trend for week 2.

October 2018 - Week 3 (15 - 21):

Parameters Gold price (per gram of 24 karat gold)
October 15 Rate Rs.3,245 per gram
October 21 Rate Rs.3,255 per gram
Overall Weekly Performance Incline
  • While there were sharp rises in gold prices in Delhi during the week, fluctuating market performance and a falling rupee capped gold gains.
  • The precious metal was priced at Rs.3,245 per gram when trading opened on 15 October on steadily rising investor interest.
  • The ongoing trade dispute resulted in an increase in safe-haven demand, which drove gold prices up to Rs.3,266 per gram on 17 October.
  • As investors awaited news from the Federal Reserve, the possibility of a rate hike led to gold prices tumbling to Rs.3,239 per gram on 18 October.
  • Prices recovered as the week ended, with gold trading at Rs.3,255 per gram to close the week at an increase of Rs.10 per gram.

October 2018 - Week 4 (22 - 28):

Parameters Gold price (per gram of 24 karat gold)
October 22 Rate Rs.3,255 per gram
October 28 Rate Rs.3,266 per gram
Overall Weekly Performance Incline
  • There was a steady rise in gold prices in Delhi over the course of the week, fuelled by increased retail sales due to the festive season.
  • Gold traded at Rs.3,255 per gram on 22 October before falling to Rs.3,250 per gram on 23 October on demand fluctuations.
  • Uncertainty across stock markets and geopolitical crises affected investor confidence and led to higher reliance on bullion.
  • The precious metal traded at Rs.3,260 per gram on 25 October and climbed to Rs.3,271 per gram on 26 October on surging demand for bullion.
  • As markets recovered from the crash and the dollar stabilised, gold prices fell slightly to end the week at Rs.3,266 per gram on 28 October.

October 2018 - Week 5 (29-31):

Parameters Gold price (per gram of 24 karat gold)
October 29 Rate Rs.3,266 per gram
October 31 Rate Rs.3,260 per gram
Overall Weekly Performance Decline
  • In spite of growing demand and burgeoning retail sales, there was a slight dip in gold rates during the week.
  • The precious metal opened trading at an unchanged Rs.3,266 per gram on 29 October on static demand, as industrial offtake was sluggish due to overseas cues.
  • Jewellers increased orders ahead of Diwali but the rising cost of retail gold put consumers off large purchases.
  • The rupee continued to fall against the dollar, which capped gains from bullion sales in spite of an increase in order volumes.
  • Prices dropped marginally to Rs.3,266 per gram on 31 October as retail demand was unable to shore up prices, as gold rates in Delhi fell by Rs.6 during the week.

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

Parameters Gold price (24 karat)
September 1 Rate Rs.3,103 per gram
September 30 Rate Rs.3,140 per gram
Highest Rate in September Rs.3,155 per gram on 19 September
Lowest Rate in September Rs.3,082 per gram on 3 September
Overall Monthly Performance Incline
Percentage Change 1.19%
Comparison for 24 K Gold Rates for Delhi August 2018
Graph for Gold Rate (24K) in Delhi August 2018

September 2018 - Week 1 (1 - 8):

Parameters Gold price (per gram of 24 karat gold)
September 1 Rate Rs.3,103 per gram
September 8 Rate Rs.3,124 per gram
Overall Weekly Performance Incline
  • Demand for gold was on the rise in the first week as positive trends and rising local orders prepped up prices.
  • Gold opened the month at Rs.3,103 per gram in the national capital before prices took a slight dip due to a rally by the dollar.
  • Prices dropped to Rs.3,082 per gram on 4 September in spite of demand being steady; a sharp drop in the rupee bolstered gold demand as the metal rose to Rs.3,098 per gram on 5 September.
  • Strong retail demand ahead of the festive season also contributed to the price rise, as gold rates in Delhi reached Rs.3,119 per gram on 7 September.
  • The end of the week saw prices close at Rs.3,124 per gram.

September 2018 - Week 2 (9 - 14):

Parameters Gold price (per gram of 24 karat gold)
September 9 Rate Rs.3,124 per gram
September 14 Rate Rs.3,134 per gram
Overall Weekly Performance Incline
  • Gold prices in Delhi followed trends seen in other Indian cities, with prices rising on positive investor sentiment and economic factors.
  • The week began with gold priced at Rs.3,124 per gram before rising to Rs.3,129 per gram on 10 September on increased local demand for the metal.
  • With markets volatile due to fears of a global trade war, investors looked to gold as a safe-haven asset.
  • Prices were stable for a few days in spite of growing demand, as the falling rupee cut into gold gains.
  • Gold jumped to Rs.3,140 per gram on 13 September as disappointing U.S. consumer data figures led to the dollar falling sharply.
  • Prices dropped as the week ended on 14 September, with gold closing the day at Rs.3,134 per gram.

September 2018 - Week 3 (15 - 22):

Parameters Gold price (per gram of 24 karat gold)
September 15 Rate Rs.3,129 per gram
September 22 Rate Rs.3,150 per gram
Overall Weekly Performance Incline
  • The week in Delhi began with gold priced at Rs.3,129 per gram, as interest in the metal was building due to the fluctuating dollar and a plunging rupee.
  • Gold prices rose to Rs.3,134 per gram on 16 September and remained constant for a few days as the dollar fell after a fresh round of trade tariffs levied on Chinese goods.
  • Local demand was on the rise as the festive season approached, which stimulated markets in spite of the rising prices.
  • The yellow metal rose to Rs.3,145 per gram on 19 September as the dollar reeled from short-selling due to the ongoing trade dispute with China.
  • The rise in price continued as the metal's price reached Rs.3,155 per gram on 20 September on strong local demand and rising retail orders.
  • Prices dropped slightly as the week ended, with gold priced at Rs.3,150 per gram on 22 September to record a Rs.21 increase in price.

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

Parameters Gold price (24 karat)
August 1 Rate Rs.3,050 per gram
August 31 Rate Rs.3,092 per gram
Highest Rate in August Rs.3,092 per gram on 31 August
Lowest Rate in August Rs.3,003 per gram on 16 August
Overall Monthly Performance Incline
Percentage Change 1.37%
Comparison for 24 K Gold Rates for Delhi July 2018
Graph for Gold Rate (24K) in Delhi July 2018

August 2018 - Week 1 (1 - 5):

Parameters Gold price (per gram of 24 karat gold)
August 1 Rate Rs.3,050 per gram
August 5 Rate Rs.3,035 per gram
Overall Weekly Performance Decline
  • In the nation's capital, there was a sharp drop in the price of gold due to poor demand and market forces.
  • In Delhi, gold prices opened at Rs.3,050 per gram as industrial demand kept prices from fluctuating too much.
  • The Fed Reserve's positive assessment of the U.S. economy boosted equity markets and the dollar, as gold prices tumbled to Rs.3,045 per gram on 2 August.
  • Demand was sluggish and gains were capped due to the falling rupee, as overseas interest in bullion was on the decline.
  • A drop in order volumes affected prices as the week ended, with gold priced at Rs.3,035 per gram on 5 August.

August 2018 - Week 2 (6 - 12):

Parameters Gold price (per gram of 24 karat gold)
August 6 Rate Rs.3,035 per gram
August 12 Rate Rs.3,050 per gram
Overall Weekly Performance Incline
  • In the nation's capital, gold prices increased in demand during the second week of August as the dollar stabilised during this time.
  • The gold rate in Delhi stood at Rs.3,035 per gram on 6 August, as the dollar weakened during this period.
  • The dollar then increased to a 13 month high on 10 August which had an effect on the gold rates in Delhi.
  • Gold rate in Delhi then shot up to Rs.3,050 per gram on 12 August. During this time, European banks were exposed to Turkey, which in turn led to the strengthening of the dollar.
  • The week ended with an incline trend in Gold rates in Delhi. At the end of the week ending 12 August, gold rate in Delhi stood at Rs.3,050 per gram.

August 2018 - Week 3 (13 - 19):

Parameters Gold price (per gram of 24 karat gold)
August 13 Rate Rs.3,050 per gram
August 19 Rate Rs.3,014 per gram
Overall Weekly Performance Decline
  • The gold price in the nation's capital in Week 3 of August was declining as dollar rates hit a near 13-month high.
  • On 13 August, the gold price in Delhi stood at Rs.3,050 per gram. During the same period, the dollar value was on a rise.
  • The gold price then stabilised for a few days after which it declined marginally towards the end of the week.
  • At the end of Week 3, the gold rate in Delhi declined in comparison to the former part of the week. The price of the metal on 19 August stood at Rs.3,014 per gram. This was during the same period when US - China trade talks were in place.
  • Week 3 ended with the metal priced at Rs.3,014 per gram, and showed a declining trend for the week ending 19 August.

August 2018 - Week 4 (20 - 26):

Parameters Gold price (per gram of 24 karat gold)
August 20 Rate Rs.3,014 per gram
August 26 Rate Rs.3,035 per gram
Overall Weekly Performance Incline
  • Gold rate in Delhi was recorded holding at Rs.3,014 per gram on the 20th when the week began amid positive trends overseas.
  • Prices remained untouched at Rs.3,014 per gram the following day before an increase in investor demand led to gold price in Delhi surging to Rs.3,024 per gram on the 22nd.
  • With the US dollar losing against a basket of other apex currencies at the international level, demand for safe-haven assets surged further and gold in Delhi was recorded trading at Rs.3,040 per gram on the 23rd.
  • Demand, however, stabilised over the next couple of days as the US dollar regained lost ground from its previous losses and gold was priced at Rs.3,035 per gram on the 26th when the week came to an end.

August 2018 Week 5 (27 - 31):

Parameters Gold price (per gram of 24 karat gold)
August 27 Rate Rs.3,035 per gram
August 31 Rate Rs.3,092 per gram
Overall Weekly Performance Incline
  • The nation's capital followed gold trends prevalent across other Indian cities, with gold trading at Rs.3,035 per gram on 27 August.
  • Relatively unstable equity markets coupled with a fluctuating dollar rate led to investors looking to gold as a safe bet, as local and international order volumes rose.
  • Prices rose to Rs.3,082 per gram on 28 August as news of slower interest rate hikes caused markets and the dollar to fall sharply.
  • Local retail demand began to rise ahead of the festival season, which also pushed up prices as gold prices remained steady.
  • The end of the week saw gold reach Rs.3,092 per gram to register a significant rise in price during the week.

September 2018 - Week 4 (23 - 30):

Parameters Gold price (per gram of 24 karat gold)
September 23 Rate Rs.3,145 per gram
September 30 Rate Rs.3,140 per gram
Overall Weekly Performance Decline
  • The last week of September saw gold prices fall across many cities due to demand vagaries as well as a drop in local demand.
  • Gold was priced at Rs.3,145 per gram on 23 September, with prices seeing little change due to steady local and industrial demand.
  • The uncertainty across markets due to the ongoing trade dispute between the U.S. and China led to increased dependence on bullion.
  • Gold rose to Rs.3,155 per gram on 26 September as the dollar fell sharply over fears of a drop in interest rates.
  • Local demand fell as retail sales dropped due to the rising cost of buying gold, as the precious metal traded at Rs.3,113 per gram on 29 September.
  • Prices recovered to close at Rs.3,140 per gram on 30 September though gold fell by Rs.5 during the week.

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

Parameters Gold price (24 karat)
July 1 Rate Rs.3,124 per gram
July 31 Rate Rs.3,056 per gram
Highest Rate in July Rs.3,140 per gram on 6 July
Lowest Rate in July Rs.3,056 per gram on 28 and 31 July
Overall Monthly Performance Decline
Percentage Change -2.17%
Comparison for 24 K Gold Rates for Delhi June 2018
Graph for Gold Rate (24K) in Delhi June 2018

July 2018 - Week 1 (1 - 7):

Parameters Gold price (per gram of 24 karat gold)
July 1 Rate Rs.3,124 per gram
July 7 Rate Rs.3,140 per gram
Overall Weekly Performance Incline
  • In the national capital, gold was trading at Rs.3,124 per gram when the first week of July opened for business.
  • As there was a stable local demand, prices remained at Rs.3,124 per gram on the 2nd before dropping to Rs.3,113 ahead of a rising dollar.
  • With the dollar continuing to rise, cues weakened and gold rate in Delhi went down to Rs.3,103 per gram on the 3rd.
  • However, as trade war between the US and China intensified, and stock markets fell, safe haven demand surged.
  • This caused gold rates to go up to Rs.3,129 per gram on the 5th, which then surged to Rs.3,134 per gram on the 6th as the dollar continued to be weak.
  • As the metal was still weak, gold was priced at Rs.3,140 per gram on the final day of the week.

July 2018 - Week 2 (8 - 14):

Parameters Gold price (per gram of 24 karat gold)
July 8 Rate Rs.3,134 per gram
July 14 Rate Rs.3,092 per gram
Overall Weekly Performance Decline
  • Trading began for the week with gold rate in Delhi holding slightly lower at Rs.3,134 per gram on the 8th with subdued but steady demand from local industries amid the positive overseas trends.
  • Gold prices remained untouched at Rs.3,134 per gram until the 11th with global bullion markets capitalising on the weakened US dollar and stock markets.
  • The 12th saw prices dropping by Rs.25 to Rs.3,119 per gram before plummeting further to Rs.3,103 per gram the next day as the greenback rose against a basket of other apex currencies after the US threatened the Chinese to impose additional import tariffs on their goods.
  • The week concluded with todays gold rate in Delhi holding at Rs.3,092 per gram amid the strong US dollar and equity markets.

July 2018 - Week 3 (15 - 22):

Parameters Gold price (per gram of 24 karat gold)
July 15 Rate Rs.3,092 per gram
July 22 Rate Rs.3,082 per gram
Overall Weekly Performance Decline
  • In Delhi, gold was priced at Rs.3,092 per gram when the week began. Demand for the metal was on the stable side for the initial few days despite a rise in the dollar rates.
  • The precious metal traded at Rs.3,092 per gram on the 16th and the 17th as local investors kept the sustained demand going.
  • On the 18th, gold rates in Delhi dropped to Rs.3,087 per gram as the rising dollar pushed gold demand up in the local market.
  • This further dropped to Rs.3,056 per gram the next day as concerns over a possible Fed rate hike pushed gold investors further away.
  • After US President Donald Trump ridiculed the Fed rate hike policy publically, all the progress the dollar had made tumbled.
  • Gold prices went up to Rs.3,061 per gram on the 20th before continuing at this rate the next day as well.
  • On the final day of the week, gold traded at Rs.3082 per gram - a Rs.21 hike from the previous day's rates.

July 2018 Week 4 (22 - 31):

Parameters Gold price (per gram of 24 karat gold)
July 22 Rate Rs.3,082 per gram
July 31 Rate Rs.3,056 per gram
Overall Weekly Performance Decline
  • Demand for gold in the national capital was on the decline in the last week of July as industrial offtake dropped sharply.
  • Gold traded at Rs.3,082 per gram when trading opened on 22 July as fears of a global trade war grew, ahead of trade talks between the U.S. and European Union.
  • Local demand was poor, as gold plunged to Rs.3,061 per gram on 25 July as Brexit negotiations and a plunging Euro led to the dollar strengthening.
  • The precious metal continued to trade low, falling to Rs.3,056 per gram on 28 July as news of a fall in China's projected growth led to higher demand for the dollar.
  • Fluctuations in the last few days saw gold price in Delhi rise briefly before ending the month at Rs.3,056 per gram on 31 July.

Trend of Gold Rate in Delhi for June 2018 (rates per gram of 24 karat gold)

Parameters Gold price (24 karat)
June 1 Rate Rs.3,187 per gram
June 30 Rate Rs.3,124 per gram
Highest Rate in June Rs.3,192 per gram on 16 June
Lowest Rate in June Rs.3,124 per gram on 25 June
Overall Monthly Performance Decline
Percentage Change 1.32%
Comparison for 24 K Gold Rates for Delhi May 2018
Graph for Gold Rate (24K) in Delhi May 2018

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

  • Gold was priced at Rs.3,166 per gram when trading began in Delhi for the month of June.
  • This dropped to Rs.3,155 per gram the next day as cues from the global market remained weak after a stronger than expected US jobs data.
  • On the 3rd, gold continued to trade at Rs.3,155 per gram as demand was steady in the local market while they fell in other major cities.
  • The 4th saw gold rate in Delhi continue at Rs.3,155 per gram as local demand was holding steady.
  • On the 5th, gold pricein Delhi dropped to Rs.3,145 per gram after the dollar overpowered other apex currencies and markets almost improved.
  • The 6th, however, gold rates go up to Rs.3,150 per gram after the latest improvement in dollar was capped by other uncertainties with the latest regarding the G7 summit.
  • Gold rates rose to Rs.3,155 per gram on the 7th before falling to Rs.3,150 per gram the next day.
  • The 9th recorded a significant rise in prices and gold traded at Rs.3,187 per gram - a whopping Rs.37 rise after Donald Trump decided to openly criticise other G7 nations over the trade policy.
  • Demand was steady on the final day of the week and the metal still traded at Rs.3,187 per gram.

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

  • The week opened with gold falling to Rs.3,171 per gram as anticipation over the summit between the U.S. and North Korea kept interest in the dollar high.
  • Local demand was steady but subdued, as rising dollar rates resulted in reduced offtake by jewellers.
  • Gold rate in Delhi fell to Rs.3,166 per gram on 13 June as the success of the summit and the possibility of a Federal Reserve interest rate hike led to declining interest in bullion.
  • Prices rebounded on news of the European Central Bank (ECB) pledging to keep interest rates unchanged till 2019, as markets reacted negatively.
  • Gold price in Delhi surged to Rs.3,192 per gram on 15 June on renewed U.S.-China tensions over trade.
  • Interest in the metal tumbled as the week ended, with gold falling to Rs.3,161 per gram on 17 June.

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

  • Trading commenced for the week with gold prices in Delhi holding at Rs.3,161 per gram on the 18th after a strong performance by the US dollar led to a significant drop in investor demand for the metal.
  • The 19th recorded the lowest weekly figure of Rs.3,150 per gram with domestic demand suppressed by the strong greenback and well-performing equity markets.
  • Thanks to an increase in domestic buying, rates surged to Rs.3,166 per gram on the 20th with domestic markets tracking a positive trend overseas.
  • Steady demand coupled with favourable market cues led to gold prices remaining untouched at Rs.3,166 per gram for the next couple of days.
  • Investor demand dropped significantly the next day with the dollar index recording its highest levels during the year. This led to gold being priced at Rs.3,124 per gram on the 23rd.
  • The week came to an end with gold rates in Delhi holding firm at Rs.3,124 per gram on the 24th with poor domestic demand brought by weak market trends overseas.

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

  • The week began in Delhi with gold trading at Rs.3,134 per gram. Demand in the city was stable for the first three days before fluctuating over the remaining ones.
  • On the 26th and 27th, the yellow metal traded at Rs.3,134 per gram as demand for the metal was on the steadier side.
  • The 28th, however, saw gold rates in Delhi drop to Rs.3,129 per gram as cues from the global market remained weak and local demand dropped as a result.
  • On the next day, i.e., the 29th, gold rates went up to Rs.3,140 per gram after a fall in the US dollar was capitalised on by local investors.
  • For the next two days, demand from the domestic market remained flat. This caused gold to trade at Rs.3,124 per gram over these two days.
  • When the week ended, the yellow metal was priced at Rs.3,124 per gram.

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

Parameters Gold price (24 karat)
May 1 Rate Rs.3,192 per gram
May 31 Rate Rs.3,187 per gram
Highest Rate in May Rs.3,234 per gram on 14 May
Lowest Rate in May Rs.3,171 per gram on 18 May
Overall Monthly Performance Decline
Percentage Change -0.15%
Comparison for 24 K Gold Rates for India April 2018
Graph for Gold Rate (24K) in India April 2018

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

  • In the national capital, the month began with the yellow metal prices holding at Rs.3,192 per gram on the 1st after the rising dollar and equities market led to a decline in gold prices.
  • With the US dollar strengthening further ahead of the US Federal Reserve meeting, gold rates in Delhi dropped to Rs.3,176 per gram on the 3rd.
  • Prices remained untouched at Rs.3,176 per gram the next day with demand stabilising amid the steady dollar value.
  • However, the central bank's decision to gradually increase the interest rates gradually proved to be dovish. This led to the US greenback losing significant ground against other emerging currencies and gold prices improved as the week progressed.
  • The week came to an end with the bullion priced at Rs.3,197 per gram on the 6th amid positive overseas trends.

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

  • Delhi's gold trading for the week remained largely consistent for the initial few days before changing over the second half.
  • On the 7th, when the week began, gold was priced at Rs.3,197 per gram.
  • This rose slightly to Rs.3,203 per gram as the US dollar fell slightly and local demand moved up. Gold continued to trade at this rate over the 8th and the 9th as sustained buying from local investors helped offset the positive growth in the US dollar.
  • During the 10th, gold prices rose to Rs.3,208 per gram as there was a slight decline in the US dollar. Prices surged to Rs.3,213 per gram the next day, i.e., the 11th, as inflation figures that were released showed some subpar performance.
  • Inflation figures briefly wreaked havoc on the USD exchange dynamic and bullion investors took advantage of this.
  • As a result of this opportunism, gold rates went up to Rs.3,134 per gram - a Rs.21 rise - on the 12th of May.
  • Gold traded at Rs.3,134 per gram on the final day of this month as demand quieted down after the dollar began to recover.

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

  • In the national capital, gold trade began for the week with the yellow metal priced relatively higher at Rs.3,234 per gram on the 14th following a decline in the dollar value from the previous session.
  • However, with the dollar rebounding from its initial shock, gold rates plunged to Rs.3,213 per gram on the 15th.
  • Prices remained unchanged at Rs.3,213 per gram the next day before dropping to Rs.3,187 per gram on the 16th after the US dollar rose close to its highest level in 2018.
  • Weak trends overseas coupled with poor domestic demand led to gold rates plummeting to Rs.3,171 per gram on the 17th.
  • With investors banking on the bullion to hedge against the rising US-Italian political crisis, gold rates rebounded to Rs.3,192 per gram during the closing hours of the week.

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

  • In the national capital, Delhi, gold was priced at Rs.3,192 per gram when the fourth week of May began.
  • As cues from the international market dropped owing to the upcoming Fed minutes, gold rates in Delhi was also affected. This caused the going rate to drop down to Rs.3,182 per gram on the 22nd.
  • On the 23rd, gold continued to trade at Rs.3,182 per gram as gold steadied against the dollar and local demand reflected that.
  • When trading started for the 24th, the precious metal's rates rose to Rs.3,192 per gram as the Fed Reserve decided to keep the rates unchanged.
  • With the dollar continuing to tumble amidst the latest situation, gold prices surged further up to Rs.3,203 per gram on the 25th of May.
  • While the US dollar tried to exert control, demand continued to rise locally. The metal traded at Rs.3,213 per gram on the 26th.
  • After the dollar gained against other currencies on the 27th, prices dropped to Rs.3,203 per gram.

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

  • Trading began in the national capital with the yellow metal priced at Rs.3,203 per gram on the 28th with gold capitalising on its gains from the previous session.
  • However, with the US dollar regaining lost ground at the international level, gold rates in Delhi plunged to Rs.3,187 per gram on the 29th.
  • Poor trend overseas coupled with subdued domestic demand led to gold prices remaining unchanged at Rs.3,187 per gram for the rest of the month.
  • The bullion trade in Delhi registered a loss of 0.15% due to the uneven global cues that resulted in an inconsistent demand in the domestic markets during the course of the month.

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

Parameters Gold price (24 karat)
April 1 Rate Rs.3,140 per gram
April 30 Rate Rs.3,208 per gram
Highest Rate in April Rs.3,224 per gram on 20 April
Lowest Rate in April Rs.3,129 per gram on 7 April
Overall Monthly Performance Incline
Percentage Change 2.16%
Comparison for 24 K Gold Rates for Delhi March 2018
Graph for Gold Rate (24K) in Delhi March 2018

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

  • Demand for gold in the capital city saw some upward movement towards the middle of the first week of April but trade ended flat due to declining demand.
  • The precious metal traded at Rs.3,140 per gram on 1 April and remained constant the next day as demand was stagnant.
  • Gold rate in Delhi jumped to Rs.3,161 per gram on 3 April as demand surged due to a fall in the dollar index, which made gold imports cheaper.
  • Industrial demand overseas also rose, which propped up domestic prices and gave impetus to local industrial demand.
  • A recovering dollar led to equity markets inching higher, as investors lost interest in gold and the gold price in Delhi fell to Rs.3,145 per gram on 4 April.
  • The downward trends continued as retail demand dropped sharply following the end of the wedding season.
  • Gold fell to Rs.3,129 per gram on 6 April as the U.S. Dollar rallied on positive U.S. non-farms data as well as low unemployment figures, which put pressure on gold.
  • With news of additional tariffs being imposed on China, stock markets fell sharply and interest in gold increased, resulting in gold rising to Rs.3,140 per gram on 7 April.

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

  • The week began in Delhi with gold trading at Rs.3,140 per gram.
  • Local demand was largely steady for most of this week and gold prices saw little change for the first four days.
  • From the 8th to the 11th, gold continued to trade at Rs.3,140 per gram.
  • This, however, changed on the 12th as global cues improved amidst the beginning of a war between the US and Syria.
  • Gold rates surged to Rs.3,166 per gram on the 12th before rising to Rs.3,197 per gram the next day.
  • Even though gold demand was high in the international market, rates dropped in Delhi owing to saturated demand.
  • On the 14th, the yellow metal traded at Rs.3,171 per gram before rising to Rs.3,187 per gram the next day.
  • The rise on the last day of this week was due to the combined strikes on Syria by the US, France and England.

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

  • In the national capital, gold opened trading at Rs.3,208 per gram on the 16th with the bullion capitalising on the US-led missile strikes on Syria.
  • Prices plunged to Rs.3,192 per gram the next day after the US dollar gained on a positive US housing and industrial production report for the month of March.
  • Gold rate in Delhi rose marginally to Rs.3,197 per gram on the 18th after the rallying base metal markets fuelled fears of inflationary pressure on the international market.
  • Rates remained unchanged at Rs.3,197 per gram the next day with gold supported by the persiting US-China trade war concerns.
  • The 20th saw gold rates in Delhi rising by Rs.27 per gram to Rs.3.224 per gram following an incline in safe-haven demand for the metal amid global political tensions.
  • Gold prices plunged to Rs.3,213 per gram on the 21st before rising again to Rs.3,218 per gram on the last day following an increased buying by local jewellers to meet wedding season demand at the domestic level.

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

  • Gold opened at Rs.3,218 per gram in Delhi with no changes being seen compared to the previous day.
  • On the 24th, gold prices declined to Rs.3,197 per gram - a Rs.21 per gram drop as domestic demand took a massive hit.
  • The yellow metal continued to trade at Rs.3,197 per gram before rising up to Rs.3,213 per gram on the 26th.
  • Gold rates held on at Rs.3,213 per gram on the 27th but another decline in demand pushed prices down to Rs.3,197 per gram the next day.
  • The final day of this week gold rates surged to Rs.3,208 per gram as demand seemed to be on the rise.

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

Parameters Gold price (24 karat)
Gold Rate on 1st March 2018 Rs.3,113 per gram
Gold Rate on 31st March 2018 Rs.3,134 per gram
Highest Rate in March Rs.3,171 per gram on 25 and 26 March
Lowest Rate in March Rs.3,098 per gram on the 19 and 20 March
Overall Monthly Performance Incline
Percentage Change 0.67%
Comparison for 24 K Gold Rates for Delhi February 2018
Graph for Gold Rate (24K) in Delhi February 2018

March 2018 - Week 1 (1 - 5):

  • The price of gold was recorded at Rs.3,108 per gram on 1 March in Delhi, as there was no significant change in demand as the month began.
  • Gold price in Delhi rose sharply to trade at Rs.3,134 per gram on 3 March as equity markets across the world were thrown into chaos over the surprise announcement of the imposition of import tariffs on aluminium and steel in the U.S.
  • Local demand rose marginally as the Dollar fell heavily, making gold imports cheaper.
  • An increase in gold imports in China also kept prices stable, with a few minor fluctuations recorded over the week.
  • Gold traded at Rs.3,129 per gram on 5 March as prices began to regularise following the sudden spike.

March 2018 - Week 2 (5-11):

  • Gold was seen trading at Rs.3,129 per gram when trading began in Delhi for the second week of March.
  • Due to a strong dollar performance, gold rates dropped by Rs.10 and the metal traded at Rs.3,119 per gram on the 6th of March.
  • As the US dollar weakened, gold rates surged to Rs.3,a40 per gram on the 7th before dropping back to Rs.3,129 per gram on the 8th. The fall happened as the dollar bounced back while demand seemed to saturate.
  • The 9th saw gold rates drop again to Rs.3,113 per gram as investor sentiment remained quite weak.
  • With the US dollar seeing a decline amid poor wage gains, gold rates went back up to Rs.3,134 per gram on the 10th of March.
  • The week ended with gold still trading at Rs.3,134 per gram.

March 2018 - Week 3 (12 - 18):

  • When trading began in Delhi, the bullion prices were recorded holding at Rs.3,134 per gram on the 12th with steady domestic demand amid firm trend overseas.
  • With the US dollar index rising against other apex currencies ahead of the US consumer price report, prices plunged to Rs.3,124 per gram on the 13th.
  • Rates remained unchanged at Rs.3,124 per gram the next day with steady domestic demand from local jewellers and retailers despite the poor trends overseas.
  • The 15th saw gold prices in Delhi edging higher to Rs.3,129 per gram with trade war concerns weighing on stock markets.
  • However, with the dollar strengthening amid expectations over a possible interest rate hike by the Federal Reserve next week, gold rates dropped to Rs.3,119 per gram on the 16th.
  • With markets bracing for the first interest rate hike this year, the US dollar rose further. This led to the bullion prices plunging to Rs.3,103 per gram the following day.
  • The week came to an end with gold rates in Delhi holding firm at Rs.3,103 per gram on the 18th with reduced local demand amid the weak trends overseas.

March 2018 - Week 4 (19 - 25):

  • Gold was priced at Rs.3,098 per gram when trading opened in Delhi on 19 March as prices showed minor dips due to demand vagaries.
  • Gold price in Delhi jumped in a single day as the metal climbed to Rs.3,113 per gram on 20 March following a drop in the dollar value, which spurred greater demand for bullion.
  • Prices dropped marginally as local demand fell, but global demand for the metal was high as investors were jittery ahead of the Fed meeting on monetary policy.
  • Fewer interest rate hikes caused consternation among investors, which led to a market slump and increased interest in gold.
  • The gold traded at Rs.3,134 per gram on 22 March and rose to Rs.3,171 per gram on 24 March as demand for gold continued to climb.
  • Higher demand from Asian markets as well as generally poor equity results led to gold becoming a more attractive investment option.
  • The week ended with gold rate in Delhi at Rs.3,171 per gram on 25 March, as market conditions and a low dollar rate helped keep prices stable.

March 2018 - Week 5 (26 - 31):

  • The bullion trade opened in Delhi with the metal trading strong at Rs.3,171 on the 26th with gold holding its five-week high from the previous session amid possible trade war fears.
  • However, with the trade war being diverted following negotiations between the US and China, the US dollar surged. This led to gold rates plummeting to Rs.3,161 per gram on the 27th.
  • The dollar index lost against a basket of currencies with tensions rising between the US and Russia the next day. This led to gold price in Delhi rising to Rs.3,166 per gram on the 28th.
  • Firm trends overseas coupled with steady demand led to bullion prices remaining untouched at Rs.3,166 per gram on the 29th.
  • The dollar, however, regained lost ground despite a drop in equities amid the US-China stand-off and gold was priced at Rs.3,134 per gram on the 30th.
  • The week ended with the precious metal trading firm at Rs.3,134 per gram on account of a subdued but steady domestic demand from local jewellers, retailers and industries.
  • Gold rates in Delhi surged by 0.67% due to the firm trends overseas that pushed demand higher during the month.

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

Parameters Gold price (24 karat)
Gold rate on 1st February 2018 Rs.3,077 per gram
Gold rate on 28th February 2018 Rs.3,129 per gram
Highest Rate in February Rs.3,161 per gram on 17 and 18 February
Lowest Rate in February Rs.3,035 per gram on 9 February
Overall Monthly Performance Incline
Percentage Change 1.68%
Comparison for 24 K Gold Rates for Delhi January 2018
Graph for Gold Rate (24K) in Delhi January 2018

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

  • The bullion trade in Delhi opened with gold priced at Rs.3,077 per gram on the 1st with steady demand from local jewellers, retailers and industries.
  • Despite the well performing US dollar and rising equities, gold rate in Delhi remained unchanged throughout the week.
  • Gold price in Delhi remained unchanged at Rs.3,077 per gram on the 2nd and 3rd with stable domestic demand for the precious metal.
  • The rising dollar rates didn't seem to have any effect on the demand in Delhi. The bullion was trading steady at Rs.3,077 per gram on the 4th when the week ended.

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

  • Gold rate in Delhi declined gradually from most part of the week due to poor local demand.
  • When the week began, gold was priced at a respectable Rs.3,082 per gram. But, as domestic demand was weak, gold prices went down to Rs.3,066 per gram the next day.
  • Over the 7th and the 8th of February, gold traded at Rs.3,066 per gram as a weak dollar had a bullish effect on trading.
  • The 9th saw gold price in Delhi drop to Rs.3,035 per gram as a strong dollar influenced the sentiments of local investors.
  • The 10th witnessed a surge in local demand, which led to a Rs.15 increase in prices and the metal traded at RS.3,050 per gram.
  • WIth the demand continuing to remain steady, gold rates rose again on the 11th and gold was seen selling at Rs.3,056 per gram on the final day of the week.

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

  • In Delhi, the bullion was recorded trading at Rs.3,056 per gram on the 12th amid the declining US dollar index and equities ahead of the US inflation data later during the week.
  • With investors and traders watching out for the data for clues on the pace of the US interest rate hikes, prices surged to Rs.3,087 per gram on the 13th.
  • On the 14th, gold price in Delhi were recorded holding at Rs.3,098 per gram with an increase in domestic demand from local jewellers, industries and retailers amid the firm trend overseas.
  • Gold rate in Delhi rose marginally to Rs.3,103 per gram on the 15th before surging to Rs.3,140 per gram on the 16th with the US dollar index losing considerably against other apex currencies.
  • The 17th witnessed prices remaining untouched at Rs.3,140 per gram owing to the steady demand brought about by the firm trend overseas.
  • The week came concluded with the precious metal priced at R.3,161 per gram on the 18th after local demand spiked amid the strong global cues.

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

  • Gold rate in Delhi were affected by the dominant performance put up by the US dollar this week.
  • On the 19th of February, gold was priced at Rs.3,161 per gram in the national capital. This dropped to Rs.3,150 per gram the next day as the US dollar recorded an improvement after consistently underperforming over the previous few outings.
  • Buoyed by the unveiling of the upcoming Fed Reserve minutes, the greenback strengthened its hold against a basket of major currencies. This caused gold price in Delhi to plummet to Rs.3,134 per gram as demand declined.
  • The 23rd again saw rates drop - this time to Rs.3,119 per gram - as a rising dollar contributed to poor gold sales.
  • However, a rise in demand was witnessed on the 24th, which led to gold trading at Rs.3,124 per gram on the 24th of February.
  • With demand remaining steady, gold continued to trade at Rs.3,124 per gram till the end of the week.

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

  • The final week began in Delhi with the bullion priced at Rs.3,124 per gram on the 26th following a steady demand from local jeweller, retailers and industries.
  • On the 27th, gold rate in Delhi rose to Rs.3,134 per gram with investors awaiting Fed Chairman Jerome Powell's first congressional speech to the nation.
  • The month came to an end with gold prices plunging to Rs.3,129 per gram on the 28th after the US dollar rose against a basket of other emerging currencies in the global trade.
  • Gold price in Delhi rose by 1.68% owing to the strong trends overseas that pushed demand higher for the metal during the month.

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

Parameters Gold price (24 karat)
Gold Rate on 1st January 2018 Rs.3,010 per gram
Gold Rate on 31st January 2018 Rs.3,066 per gram
Highest Rate in January Rs.3,115 per gram on 15, 16, 20 and 21 January
Lowest Rate in January Rs.3,010 per gram 1 and 2 January
Overall Monthly Performance Incline
Percentage Change 1.86%
Comparison for 24 K Gold Rates for Delhi December 2017
Graph for Gold Rate (24K) in Delhi December 2017

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

  • The national capital saw gold rate in Delhi start on a subdued note due to poor initial demand.
  • When the new year began, the yellow metal was priced at Rs.3,010 per gram. Due to very little fluctuation in the local market, gold rate in Delhi continued at Rs.3,010 per gram on the 2nd of the month.
  • As gold hit near four-month highs amid a poor dollar, prices went up to Rs.3,045 per gram on the 3rd of January. Various reports doing the rounds suggested that “today's gold rate” was affected by gold trading in the $1,310 per ounce range, the highest since September 2017.
  • After news of the payrolls data in the US broke out, the bullion market eased a little. This was why gold rates fell to RS.3,030 per gram on the the 4th.
  • But, as markets concluded that the data showed some below par performance, gold rates went back up to Rs.3,045 per gram on the 5th.
  • This then surged to Rs.3,050 per gram on the 6th and continued on till the end of the week.

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

  • The week began with gold being priced relatively lower at Rs.3,045 per gram due to a decline in demand from local jewellers, retailers and industries from the previous week.
  • The 9th, however, saw gold prices recovering to Rs.3,051 per gram after the US dollar lost its ground against a basket of other major emerging currencies.
  • Though gold rate in Delhi plunged to Rs.3,041 per gram on the 10th amid poor domestic demand, prices rebounded to Rs.3,061 per gram the next day after equity markets weakened following the slump in the US dollar.
  • Strong global trends coupled with an increased local demand for the metal led to gold price in Delhi surging to Rs.3,078 per gram on the 12th.
  • The 13th recorded gold trade in Delhi hitting their highest since September at Rs.3,099 per gram after the continued poor performance of the dollar led to a decline in equities market.
  • A positive trend overseas coupled with strong demand resulted in the week concluding with gold holding steady at Rs.3,099 per gram on the 14th.

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

  • When trading began for the week in Delhi, gold was priced at Rs.3,099 per gram.
  • As the global market began to see increased sales, gold rate in Delhi surged for the metal to trade at Rs.3,115 per gram on the 16th of January.
  • The yellow metal's rates continued to remain at Rs.3,115 per gram on the 17th as well before an improvement in the dollar index caused bullion demand to subside.
  • On the 18th and the 19th, gold traded at Rs.3,095 per gram as a rising dollar was assisted by positive returns from the treasury yields.
  • However, this low demand couldn't be sustained for long as news about a government shutdown cause gold rates to rise significantly the next day.
  • Gold price in Delhi surged by Rs.20 for the metal to trade at Rs.3,115 per gram over the final two days of the week.

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

  • Gold rate in Delhi bore witness to marginal increase over the first two days but surged massively as an underperforming dollar pushed rates up.
  • On the 22nd of Delhi, gold was priced at Rs.3,056 per gram. As demand from local circles increased amid a weak dollar, gold prices surged to Rs.3,066 per gram the next day.
  • A strong overseas demand coupled with a significant rise in local purchases pushed gold rate in Delhi up to Rs.3,108 per gram on the 24th of January.
  • The reason behind this sudden rise was the underperforming US dollar and a rapidly increasing international sales.
  • However, demand for the metal slowed down in Delhi, which caused gold price to hold at Rs.3,108 per gram for the remainder of the week, i.e., from the 26th to the 28th of the month.

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

  • The final week of trading in Delhi for the month opened with gold rates declining to Rs.3,077 per gram on the 29th with the US dollar regaining lost ground and strengthening equities.
  • On the 30th, gold rate in Delhi plunged to Rs.3,066 per gram with the US dollar edging higher amid the rising US bond yields.
  • Steady local demand despite the poor trend overseas led to gold prices remaining unchanged at Rs.3,066 per gram until the end of the month.
  • Gold price in Delhi rose by 1.86% due to the poorly performing US dollar and equities that pushed demand higher for the metal during the month.
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
Percentage Change 0.13%

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

  • The month began in Delhi with the precious yellow metal priced relatively lower at Rs.3,016 per gram as the safe-haven metal lost its appeal after the release of an optimistic US economic data resulted in a stronger dollar and firmer equities.
  • However, the dollar weakened after the Republican tax reform to overhaul the country's tax system was stalled by the US Senate. This led to gold price in Delhi picking up to Rs.3,036 per gram on the 2nd.
  • Steady local demand coupled with a strong trend overseas led to gold rates remaining untouched at Rs.3,036 per gram over the next couple of days.
  • With investors focusing on the non-farm payrolls during the week and also the much awaited US Federal Reserve meeting next week, the dollar gained against other apex currencies. This led to rates plunging to Rs.2,998 per gram and 2,988 per gram on the 5th and the 6th.
  • Gold rate in Delhi dropped further to Rs.2,983 per gram on the 7th before hitting its lowest level of Rs.2,950 per gram on the 8th. This was due to the US Senate's decision to set aside their internal differences narrowly voted to clear the landmark tax bill, boosting investor sentiments.
  • The rest of the week witnessed the precious metal trading slightly higher at Rs.2,955 per gram with a marginal increase in demand amid the ongoing wedding season.

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

  • In Delhi, when trade exchanges opened 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)

  • In Delhi, gold opened trading at Rs.2,950 per gram on the 18th with a relatively lower demand for the metal amid the firm equity markets and stronger dollar value.
  • But with investors analysing the ultimate outcome of the US tax system overhaul on the country's economic growth, the dollar lost its ground against a basket of emerging currencies.
  • Gold rate in Delhi were recorded at Rs.2,960 per gram on the 19th which continued on to the next day amid the strong trends overseas.
  • Though the gold price in Delhi surged to Rs.2,965 per gram on the 21st with the Asian markets muted by the US tax reforms, the dollar soon regained its lost sheen with firmer equities and gold was trading at Rs.2,960 per gram on the 22nd.
  • Positive trends overseas coupled with increased global demand resulted in the precious metal being priced at Rs.2,985 on the 23rd and the 24th.

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

  • In Delhi, gold rates increased gradually over the first four days of the week before consolidating for the remaining few days.
  • On the 25th of December, the yellow metal was priced at Rs.2,975 per gram. Rates went up to Rs.2,985 per gram as there was a surge in international demand.
  • Gold prices surged again to Rs.2,995 per gram on the 27th of the month, as gold was seen hitting the $1,300 and above mark in the global market.
  • Rates went up again on the 28th to Rs.3,015 per gram as a weak US dollar pushed gold to hit four-week high prices.
  • As demand toned down a little, 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
Percentage Change 0.66%
Comparison for 24 K Gold Rates for Delhi October 2017

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

  • Gold rate in Delhi started relatively poorly at Rs.3,006 per gram on the 1st of the month.
  • However, a significant surge from investors in the city saw rates go up to Rs.3,020 per gram on the 2nd of November.
  • But, as the US dollar strengthened and global cues weakened, gold rates in the city fell to Rs.3,015 per gram on the 3rd.
  • On the 4th, gold price in Delhi went further down to Rs.3,010 per gram as domestic demand fell again to remain in line with the international demand.
  • When the week came to an end, gold rates were recorded at Rs.3,010 per gram.

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

  • Gold rate in Delhi opened relatively low at Rs.3,005 per gram, when trading commenced for the week in Delhi.
  • The 7th witnessed gold price in Delhi surging to Rs.3,025 per gram - an increase of Rs.20 per gram from the previous day - with geopolitical tensions rising in the Middle-East, and concerns between the US and North Korea supporting safe-haven investments globally.
  • The downfall of the US dollar amid possible delays in the US tax reform resulted in gold rates rising to Rs.3,035 per gram on the 8th.
  • Steady global demand amid strong global cues led to prices remaining unchanged at Rs.3,035 per gram the next day as well.
  • With the bullion trade marking a three-week high on the 10th, the yellow metal prices surged to Rs.3,045 per gram on account of the dollar declining against other apex currencies.
  • The next two days witnessed gold rate in Delhi remaining unchanged at Rs.3,045 per gram, as a strong trend overseas pushed demand higher for the metal.

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

  • When trade exchanges commenced business on the 13th, gold was priced at Rs.3,035 per gram.
  • Gold rate in Delhi jumped to Rs.3,045 per gram as local demand surged considerably. Prices went up again on the 15th to Rs.3,050 per gram as domestic purchasing trend remained strong in spite of weak global cues.
  • However, gold price in Delhi 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)

  • Gold opened strongly in Delhi before falling over the next two days due to factors concerning the Federal Reserve and its latest meeting.
  • On the 20th of November, the yellow metal traded at Rs.3,060 per gram.
  • However, gold rate in Delhi fell to Rs.3,035 per gram - a Rs.25 decline - as local demand dropped in all major Asian and European markets.
  • Gold price in Delhi 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 rates surged to Rs.3,046 per gram on the 24th of the month.
  • Demand fell on the 25th and prices went down to Rs.3,036 per gram, which continued on till the closing hours of the 26th.

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

  • Gold opened at Rs.3,045 per gram when the fifth week of November began in Delhi.
  • Gold rate in Delhi dropped to Rs.3,040 per gram the next day because of a poor demand brought about by the Fed chair speech. Rates dropped all over the the world and consequently in India as well.
  • A steady demand saw gold price in Delhi 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.
  • The main reason for this drop was the positive data from the US stock market.
Comparison for 24 K Gold Rates for Delhi September'17
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
Percentage Change -1.20%

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

  • The prices of gold in the national capital was steady as the week began but fell sharply due to a gradual decline in demand due to fluctuating markets as well as a rising dollar rate.
  • Gold was priced at Rs.3,063 per gram on 1 October and remained steady the subsequent day.
  • Gold rate in Delhi dropped to Rs.3,043 per gram on 3 October as the dollar recouped earlier losses following strong trading and a rise in equities.
  • Local demand also suffered due to the rise in the dollar rate as imports became more expensive, as gold traded at Rs.3,033 per gram on 5 October.
  • Continued political turmoil in the United States did not appear to affect markets as they remained high, staving off demand for bullion.
  • Gold price in Delhi dropped to Rs.3,028 per gram on 6 October as U.S. employment data was better than expected.
  • Demand for gold rose as the week ended over renewed fears of North Korea's nuclear capabilities, leading to gold prices rising to Rs.3,046 per gram on 7 October.

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

  • Gold trading in Delhi was also in tune with the trend seen in other major cities.
  • On the 8th of October, gold was priced at Rs.3,046 per gram. With the North Korea- US conflict resurfacing, gold rates in Delhi rose to Rs.3,057 per gram on the 9th.
  • Gold price in Delhi increased on the 10th as well to hit Rs.3,062 per gram, thanks to uncertainties in the US economy.
  • A steady demand saw gold prices remain unchanged in Delhi on the 11th, before increasing to Rs.3,072 per gram on the 12th.
  • The final two days of this week, i.e., 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)

  • In Delhi, gold opened at Rs.3,072 per gram when the trading for October week 3 commenced.
  • Gold price in Delhi remained steady on the next day before declining to Rs.3,067 per gram as favourable returns from US treasury bonds saw the greenback hold its own against other currencies.
  • An improving dollar caused gold rates in Delhi to drop again on the 18th to Rs.3,056 per gram.
  • 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.
  • Due to demand slowing down because of subdued demand in domestically, gold rates fell to Rs.3,047 per gram on the 21st of October.

October 2017 - Week 4 (22nd -28th)

  • Gold was recorded trading at Rs.3,047 per gram on the 22nd, when trading commenced for the week in the national capital.
  • Global demand declined as the dollar dominated over other apex currencies after the US-North Korean conflicts settling down. This resulted in gold prices declining to Rs.3,041 per gram the next day.
  • However, gold rates in Delhi rebounded to Rs.3,046 per gram on the 24th with an increase in domestic purchases by local jewellers, retailers and investors, but prices soon dropped the next day to Rs.3,036 per gram as speculations of an early announcement on the next Federal Reserve chairman resulted in the US dollar rising.
  • Gold price in Delhi plunged to Rs.3,031 per gram on the 26th, which further dropped to Rs.3,026 per gram on the 27th as dollar gained against euro after the ECB decided to extend its bond-buying programme.
  • Positive global cues resulted in an increased local demand for the precious metal. This resulted in the yellow metal prices rebounding to Rs.3,036 per gram on the 28th.

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

  • Gold rate in Delhi opened at Rs.3,036 per gram on the 29th of October before dropping to Rs.3,026 per gram as investors played a cautious game with regards to their purchases.
  • 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.
Comparison for 24 K Gold Rates for Delhi August'17
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
Percentage Change 1.29%

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

  • In national capital, Delhi, gold rates started off on a low for the week because of muted demand from investors and jewellers alike.
  • When the week commenced on the 1st, gold was priced 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 rate 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 Delhi 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)

  • The national capital saw little in the way of change in the price of gold in the second week of September since local markets were stable and shielded the metal from adverse changes on the global front.
  • Gold rate in Delhi was at Rs.3,105 per gram on 11 September, a slight drop in price from the previous week as U.S. markets strengthened over the weekend.
  • Demand for gold fell as local jewellers reduced orders, leading to the yellow metal trading at Rs.3,085 per gram on 12 September.
  • Overseas demand from industry, especially from countries like China rose briefly as markets braced for the economic impact of the hurricanes battering the U.S. coast.
  • Gold price in Delhi rose to Rs.3,094 per gram on 13 September but dropped to Rs.3,085 per gram on 14 September as demand stagnated.
  • Volatile markets overseas had little impact on the bullion rate in Delhi as gold prices remained unchanged for the remainder of the week, trading at Rs.3,085 per gram on 17 September.

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

  • When trading started on the 18th, gold price in Delhi had fallen to Rs.3,073 per gram as opposed to Rs.3,085 per gram the previous day.
  • As demand fluctuated, gold rate in Delhi 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 increasing to Rs.3,078 per gram on the 20th.
  • Uneven global cues and a poor local demand pushed gold rates back down to Rs.3,051 per gram on the 21st.
  • With the festive season bustle settling in, demand increased. This led to gold rate in Delhi going up to Rs.3,078 per gram on the 22nd.
  • The 23rd and 24th saw gold rates decrease and trade at Rs.3,058 per gram as the US dollar strengthened against other apex currencies.

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

  • When the final week of September, gold was priced at Rs.3,051 per gram, a considerable decrease from the previous day's prices.
  • 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 Delhi went down to Rs.3,085 per gram on the 27th of the month.
  • Gold price in Delhi 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
Percentage Change 1.31%
Comparison for 24 K Gold Rates for Delhi July'17

August ‘17 - Week 1 (1st to 6th)

  • The national capital saw fluctuations in the price of gold due to demand vagaries as well as the U.S. Federal Reserve meeting.
  • Gold was priced at Rs.2,960 per gram on 1 August as prices rose from the previous month due to a weak U.S. dollar.
  • Gold price in Delhi fell marginally due to slow offtake from jewellers who were monitoring the U.S. Fed rate announcement on the possibility of an interest rate hike.
  • The yellow metal traded at Rs.2,950 per gram on 3 August as demand dropped following a recovery in the dollar price as well as renewed market stability.
  • Local demand also fell marginally, though gold prices rose to Rs.2,940 per gram on 4 August.
  • Gold rate in Delhi fell as the week ended, with gold priced at Rs.2,930 per gram on 5 & 6 August due to a decline in demand from jewellers.

August ‘17 – Week 2 (7th to 13th)

  • In Mumbai, gold prices remained on a subdued note for the first half of the week before going up significantly during the second half.
  • On the 7th, gold in Mumbai was trading at Rs.2,988 per gram, but as local jewellers were cautious with their investment, rates went down to Rs.2,978 per gram.
  • After some positive cues from the global market made its way to Mumbai, gold prices went up to Rs.2,998 per gram on the 9th.
  • The 10th saw gold rate in Mumbai remain at Rs.2,998 per gram before increasing by Rs.46 to trade at Rs.3,044 per gram on the 11th of August.
  • As demand remained steady despite falling international demand, gold prices were seen holding at Rs.3,044 per gram over 12th and the 13th of August.

August ‘17 - Week 3 (14th to 20th)

  • The price of gold in the national capital echoed trends seen in other major Indian cities, with prices fluctuating towards the middle of the week before recovering marginally.
  • Gold was priced at Rs.2,994 per gram on 14 August and remained the same on 15 August as commodity markets did not trade on Independence day.
  • Gold price in Delhi fell to Rs.2,979 per gram on 16 August as the U.S. dollar rate was on the increase following weeks of poor performance.
  • The ongoing tensions between the U.S. and North Korea led to fluctuating U.S. markets and an unstable dollar, which helped gold rose to Rs.2,994 per gram on 17 August.
  • A rise in Asian demand led to gold rising to Rs.2,999 per gram on 18 August before prices dipped to Rs.2,982 per gram on 19 August.
  • Stable demand from domestic as well as overseas markets led to gold ending the week at Rs.2,982 per gram on 20 August.

August 2017 – Week 4 (21st - 27th)

  • Gold trading in the national capital reflected the global trend with regards to the prices.
  • On the 21st of August, gold price in Delhi were recorded at Rs.2,972 per gram.
  • As the US-North Korea issue dominated the market on the 22nd, dollar plummeted, which lead to gold trading at Rs.2,982 per gram.
  • The 23rd saw demand go up slightly which led to gold price in Delhi reaching Rs.2,987 per gram.
  • Domestic demand was considerably better despite some weak global cues and gold rates in Delhi reached Rs.2,992 per gram on the 24th.
  • Due to sustained demand, rates remained unchanged over the course of the next three days.

August 2017 – Week 5 (28th - 31st)

  • Reflecting trends seen in other Indian cities, gold prices in the national capital appreciated due to higher demand and favourable market conditions.
  • Gold was priced at Rs.3,017 per gram on 28 August, its highest rate for the month as the geopolitical crisis in the Korean peninsula led to higher demand for bullion.
  • Markets were volatile due to the threat of aggression from North Korea and the flooding in Texas, which led to increased overseas demand for gold.
  • Prices dipped marginally as the week progressed, trading at Rs.3,009 per gram on 29 August as local demand diminished.
  • The gold rate in Delhi dropped to Rs.2,999 per gram on 31 August as the dollar rate stabilised and industrial demand slowed.
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
Percentage Change -1.4%
Comparison for 24 K Gold Rates for Delhi June'17

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

  • Due to sustained demand for gold from domestic markets, gold was priced at Rs.2,992 per gram on 1 July in the national capital. On 2 July as well, gold traded at the same rate.
  • The value of the U.S. dollar was quite low due to global central banks' decision regarding monetary tightening.
  • This yellow metal was priced at Rs.2,972 per gram on 3 July before falling even further the next day.
  • On 4 May, gold traded at Rs.2,942 per gram and this price was noted until 6 July. This was due to a rise in the value of the U.S. dollar.
  • The price of gold fell even further on 7 July to trade at Rs.2,922 per gram before falling to a monthly low of Rs.2,902 per gram on the last two days of the first week of July.

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

  • Gold price in Delhi saw a few fluctuations during the second of July.
  • 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 US job data brought about further decrease in bullion prices which was then compounded by a significant drop in local demand.
  • When trading began on the 12th, gold price in Delhi had further dropped by Rs.29 to hit Rs.2,843 per gram.
  • However, as president Trump's scandal came into the fore 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.
  • Gold rate in Delhi remained unchanged on the 15th and 16th to remain at Rs.2,863 per gram as demand in local circles consolidated.
  • There was a Rs.39 drop from the start of the week to the end despite an increase in the international demand due to poor domestic sales.

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

  • Prices in the capital city reflected trends seen across the country as gold was highly sought after.
  • Gold was priced at Rs.2,863 per gram on 17 July as demand was high owing to a weak U.S. dollar as well as fluctuating stock markets.
  • Gold price in Delhi rose to Rs.2,873 per gram on 18 July on the back of renewed interest from investors due to poor returns from falling markets.
  • Local demand rose marginally due to positive cues from overseas demand, resulting in gold rate in Delhi was Rs.2,883 per gram on 19 July.
  • Demand from Asia also boosted prices, as a low U.S. dollar led to increased buying and pushed gold prices to Rs.2,908 per gram on 21 July.
  • The week ended with gold trading at Rs.2,944 per gram on 22 & 23 July.

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

  • In national capital Delhi, gold prices started at Rs.2,944 per gram when the week began on 24th July and remained unchanged on the 25th, thanks to steady demand.
  • However, prices fell by Rs.15 on the 26th to Rs.2,929 per gram as demand took a hit and investors pulled away from investing in the metal.
  • The 27th, however, saw gold prices 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 Delhi 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 went up to Rs.2,955 per gram and traded at the same rate on the 29th and the 30th of July.
  • Prices declined to Rs.2,950 per gram on 31st July as local demand hit saturation point.

Gold investments are available for consumers in forms as discussed above which are primarily as physical gold or as gold contracts. While physical gold in Delhi sells mostly in the form of jewelry and ornaments, gold bullions and coins are also quite popular with the residents of the city.

Physical gold: Gold jewelry is the choice item for people in Delhi. The city has a large number of dealers specializing in gold jewelry and ornaments. Some of the largest gold dealers in the country are based out of Delhi. Gold coins can also be purchased from various banks and private institutions in the city.

Gold contracts: Gold contracts can be purchased from any of the commodity exchanges operating in India. The contracts are available in differing quantities of gold such as 8 grams, 10 grams, 100 grams or kilos. The contracts can also be purchased for gold of varying purities such as 995 purity and 999 purity.

Gold is generally sold in units such as grams, sovereign, kilograms, tonnes, troy ounces, metric tonnes etc. The base price of gold is generally calculated for either 1 gram of gold or 10 grams of gold.

Gold prices often differ in Delhi when compared to other states and cities in the country because of a number of internal and external factors. Some of the factors for this apparent difference are as follows:

  • A number of taxes that are applicable only in the city.
  • Cost of transportation in and around the city.
  • Making charges.
  • Octroi charges, which is basically a charge levied on a variety of goods entering the city, in this instance, gold.

Importing gold can't be done by everyone and is only possible for a number of designated importers such as banks, who sell it to various dealers at a margin in order to recoup the money they have spent. These dealers, in turn, sell the gold to retail outlets (goldsmiths), who basically fix a rate depending on the work they have had to carry out.

The issue of storing gold a few years earlier would have been a problematic thing as crime rates seemed to be high. So, a vast majority of people would choose to keep it in their own locker or in that of a bank. But as times have changed, so have the options for storing gold. For instance, there are plenty of private locker facilities in and around the country, which come with high-tech security features to prevent break-ins from happening. These lockers can be hired by people provided that they pay a subscription charge for a time period as specified by the storage facility.

There are a number of factors which influence the way gold is priced in the capital city. These may range from small domestic concerns to important international events. Some of the factors are as follows:

  • US Federal Reserve: As gold is traded in dollars, any change to the actual value of the currency will bring about a change in gold prices. For instance, if the Federal Reserve decides to hike its interest rate even by the slightest of margins, gold prices will go up significantly. Basically, any positive or negative development with regards to the US dollar will influence how gold is priced around the world. Central banks from other key countries also play a part in gold prices, however with some of them opting for quantitative easing, chances of a major impact is relatively smaller.
  • Geopolitical concerns: Gold has been lauded as a safe haven by million of investors around the world and rightly so, because people tend to invest in the metal whenever the market turns exceedingly volatile. The reason why markets fluctuate is largely due to geopolitical issues, like for instance, the US attack on Syria. As market thrives on volatility, demand for gold surges when such events occur. Another classic example is of the Lehman Brothers crash, which decimated the world economy in a short span of time. When the crash happened back in 2008, gold price was the first thing that hiked, as compared to other commodities,
  • Local factors: Factors like transportation of gold in and around the city will also determine how gold likely to be priced.

While it is a popularly held belief that gold investments are often profitable, things aren't so clear-cut when you consider the returns. When you buy or sell gold, you will also be required to pay taxes. For instance, buyers have to pay sales tax, service tax and the like while the sellers have to pay capital gains tax. Keeping them into account, gold investments for the short term will result in losses than profits. Especially, in the current scenario where gold prices aren't climbing by much, gold investments just for the sake of getting good returns would be a bad idea.

However, if you are tempted to buy gold, make sure to do so when the metal is selling at its lowest and sell it when there's more demand, so as to get positive returns.

Gold can be purchased in Delhi in various retail outlets like jewellery stores and the like all around the city.Before buying, however, you should compare rates from multiple outlets and also their making charges so that you get the best deal possible.

There are plenty of ways to track gold rates in Delhi. For instance, you can do so with a broking account, wherein you can track gold future, which gives a clear indication of the path the metal is going to take.Another way to track rates would be through the Multi Commodity Exchange (MCX). If you want simple updates on all things gold, you can check bankbazaar.com's updates, which are updated on a daily basis.

Gold Rate In Metro Cities
Gold Rate In Other Capitals
Gold Rate In Other Major Cities
Gold Rate In States
Bank Gold Schemes

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