Gold Price Trend In Ludhiana

Trend of Gold Rate in Ludhiana 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):

  • The month began with gold rates in Ludhiana trading at Rs.3,581 per gram but prices quickly rose on increased investor demand, rising to Rs.3,665 per gram from 4-6 August.
  • As central banks slashed interest rates globally, demand for safe-haven bullion rose and buoyed prices as the precious metal traded at Rs.3,801 per gram on 8 August.
  • Trade tensions between the U.S. and China and falling U.S. Treasury yields also dampened equity interest as gold ended the week priced at Rs.3,843 per gram.

August 2019- Week 2 (12-18):

  • The month began with gold rates in Ludhiana trading at Rs.3,581 per gram but prices quickly rose on increased investor demand, rising to Rs.3,665 per gram from 4-6 August.
  • As central banks slashed interest rates globally, demand for safe-haven bullion rose and buoyed prices as the precious metal traded at Rs.3,801 per gram on 8 August.
  • Trade tensions between the U.S. and China and falling U.S. Treasury yields also dampened equity interest as gold ended the week priced at Rs.3,843 per gram.

August 2019- Week 3 (19-25):

  • There was no change in gold rates in Ludhiana when the week began, with the metal priced at Rs.3,869 per gram due to sluggish local demand.
  • Fluctuations in the dollar rate led to prices climbing to Rs.3,896 per gram on 20 August on uncertainty over the impact of the ongoing trade tensions on global economic growth.
  • Despite lower demand from investors, the precious metal rose to Rs.3,906 per gram on 22 August before surging to Rs.3,948 per gram on 25 August after positive indicators from the Fed meeting.

August 2019- Week 4 (26-31):

  • Interest in bullion was on the rise due to economic uncertainty which bolstered gold rates in Ludhiana after the metal opened at Rs.3,948 per gram on 26 August.
  • A surge in jeweller demand and a weak rupee propelled prices to Rs.4,011 per gram on 27 August but a recovery in the dollar saw the yellow metal trade lower at Rs.3,990 per gram on 29 August.
  • A solution to the U.S.-China trade dispute bolstered equity markets and capped gains from bullion sales, with prices rising marginally to Rs.3,959 per gram on 31 August.

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

Parameters Gold price (24 karat)
July 1 Rate Rs.3,486 per gram
July 31 Rate Rs.3,575 per gram
Highest Rate in July Rs.3,612 per gram on 20 July
Lowest Rate in July Rs.3,444 per gram on 2 July
Overall Performance Incline
Percentage Change 2.55%

July 2019- Week 1 (1-7):

  • The week began with gold rates in Ludhiana trading at Rs.3,486 per gram but prices dipped to Rs.3,444 per gram on 2 July as demand dropped ahead of key U.S. jobs data being released.
  • Equity markets rose briefly on rising investor sentiment but gold recovered to trade at Rs.3,518 per gram on 4 July.
  • Rising bullion costs resulted in retail demand falling as the precious metal dropped to Rs.3,497 per gram on 5 July but a late rally boosted prices to Rs.3,518 per gram when the week ended on 7 July.

July 2019- Week 2 (8-14):

  • Gold prices in Ludhiana opened at Rs.3,518 per gram on 8 July and rose briefly to Rs.3,528 per gram on steady overseas interest, though local demand was on the decline.
  • Prices dropped to Rs.3,507 per gram on 11 July encouraging U.S. jobs data boosted equity markets and the dollar, with local interest in bullion continuing to drop.
  • The Federal Reserve’s dovish monetary policy and possible interest rate cut increased demand for bullion as the metal surged to Rs.3,570 per gram on 12 July before settling at Rs.3,554 pr gram on 14 July.

July 2019- Week 3 (15-21):

  • Gold rates in Ludhiana opened unchanged at Rs.3,544 per gram but dipped briefly to Rs.3,539 per gram on 18 July as demand fell on a recovery in equities and the dollar.
  • Prices surged to Rs.3,575 per gram on 19 July as markets reacted negatively to escalating U.S.-Iran tensions, reaching Rs.3,612 per gram on 20 July.
  • Minor fluctuations in demand were observed as the week ended, with the yellow metal trading marginally lower at Rs.3,586 per gram on 21 July.

July 2019- Week 4 (22-28):

  • Gold prices in Ludhiana opened at Rs.3,586 per gram on 22 July and rose to Rs.3,591 per gram on 23 July on increased overseas investor interest, despite a rise in the dollar rate.
  • Despite rising tensions in the Persian Gulf and a resultant surge in crude oil prices, investors stayed away from bullion as the metal dropped to Rs.3,570 per gram on 24 July.
  • After briefly rising to Rs.3,581 per gram on 26 July on steady local jeweller demand, prices once again dipped to Rs.3,570 per gram when the week ended on 28 July.

July 2019- Week 5 (29-31):

  • Despite steady overseas interest in bullion, rising import costs resulted in gold rates in Ludhiana remaining static after opening at Rs.3,575 per gram on 29 July.
  • Anticipation of interest rate cuts in the U.S. dampened the dollar and bolstered bullion offtake, but poor local retail demand capped gains.
  • Declining retail demand offset growing industrial offtake, as the metal ended the month priced at Rs.3,575 per gram on 31 July.

Trend of Gold Rate in Ludhiana 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):

  • Steady demand for bullion and rising global uncertainty resulted in gold rates in Ludhiana climbing despite a static opening of Rs.3,276 per gram, with the metal rising to Rs.3,302 per gram on 3 June.
  • Prices remained static for a few days as local demand remained weak despite strong overseas cues, though a drop in the U.S. dollar boosted local offtake as gold rose to Rs.3,339 per gram on 7 June.
  • Fears over a possible recession due to escalating trade tensions and a slowing Chinese economy increased bullion’s safe-haven appeal as the metal closed the week trading at Rs.3,371 per gram.

June 2019- Week 2 (10 - 16):

  • The gold rate in Ludhiana at the start of week 2 stood the same as it did at the end of week 1. The price of gold stood at Rs.3,371 per gram on the 10th.
  • A subdued dollar rate caused gold price to soar, and on 13 June, the price of the metal rose 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):

  • Gold prices in Ludhiana rose on fears of market uncertainty due to escalating tensions between the U.S. and Iran, though the metal opened at Rs.3,276 per gram on 17 June.
  • Prices remained static for a few days but possible interest rate cuts by the U.S. Fed increased offtake as gold surged to Rs.3,444 per gram on 21 June.
  • A fall in the dollar rate and steady offtake saw gold priced at Rs.3,507 per gram on 22 June before the metal fell marginally to Rs.3,497 per gram on 23 June.

June 2019- Week 4 (24-30):

  • Despite steady overseas interest in bullion, rising prices resulted in gold prices in Ludhiana opening at Rs.3,497 per gram on 24 June before prices climbed to Rs.3,502 per gram on 25 June on rising geopolitical tensions.
  • Local demand was muted, with jewellers also reducing orders due to the high import cost which resulted in the metal falling to Rs.3,486 per gram on 28 June.
  • Steady industrial offtake kept prices constant despite fluctuations in overseas cues, as the metal ended the month at Rs.3,486 per gram.

Trend of Gold Rate in Ludhiana 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):

  • Gold rates in Ludhiana opened at Rs.3,266 per gram on 1 May before slipping to Rs.3,260 per gram on 2 May as the precious metal’s offtake dropped on weak local and overseas demand.
  • The release of positive U.S. and Chinese economic data resulted in bullion prices plunging to Rs.3,229 per gram on 3 May.
  • Demand for the precious metal continued to drop, falling to Rs.3,218 per gram on 4 May on weak jeweller offtake before industrial demand raised prices to Rs.3,229 per gram on 5 May.

May 2019- Week 2 (6-12):

  • When the week began, gold prices in Ludhiana were constant at Rs.3,229 per gram but a steady rise in overseas offtake due to the volatile equity markets saw prices rise to Rs.3,239 per gram on 8 May.
  • Renewed U.S. trade tariffs against China and the possibility of action against Iran severely impacted equity markets which resulted in gold’s safe-haven appeal rising as the metal traded at Rs.3,250 per gram on 10 May.
  • Prices continued to rise for the rest of the week with the yellow metal’s value climbing to Rs.3,271 per gram when trading ended on 12 May.

May 2019- Week 3 (13-19):

  • When the week began, gold prices in Ludhiana were constant at Rs.3,228 per gram but a steady rise in overseas offtake due to the volatile equity markets saw prices rise to Rs.3,240 per gram on 15 May.
  • Renewed U.S. trade tariffs against China and the possibility of action against Iran severely impacted equity markets which resulted in gold’s safe-haven appeal rising as the metal traded at Rs.3,25 6per gram on 17 May.
  • Prices continued to rise for the rest of the week with the yellow metal’s value climbing to Rs.3,273 per gram when trading ended on 19 May.

May 2019- Week 4 (20-26):

  • Local demand for bullion was steady as the week began but weak overseas cues saw gold rates in Ludhiana drop after a stable opening of Rs.3,271 per gram on 20 May.
  • Investor interest in gold was weak ahead of the Fed Reserve meeting and waning Asian interest further dented the metal’s price as it fell to Rs.3,239 per gram on 22 May.
  • A resurgent U.S. dollar capped local gains as the fallout of the Sino-U.S. trade war rattled markets, momentarily boosting bullion demand as the metal rose to Rs.3,250 per gram on 26 May.

May 2019- Week 5 (27-31):

  • After opening unchanged at Rs.3,250 per gram, gold prices in Ludhiana rose marginally on positive overseas cues despite the rupee falling sharply against the U.S. dollar.
  • Prices rose to Rs.3,255 per gram on 29 May as the possible economic fallout of the U.S.-China trade talks saw equity markets fall steadily.
  • A surprising drop in U.S. Treasury yields and a subdued dollar rate also served to boost bullion demand, as the precious metal surged to Rs.3,276 per gram when trading ended on 31 May.

Trend of Gold Rate in Ludhiana 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):

  • Weak local offtake and conflicting overseas cues resulted in gold prices in Ludhiana fluctuating during the middle of the week after opening at Rs.3,266 per gram.
  • Prices dropped to Rs.3,229 per gram on 4 April as a resurgent U.S. dollar and rising investor interest in equities dented demand for the precious metal.
  • Fears of a global economic downturn amidst weak U.S. jobs data resulted in a late rally as gold rates rose to Rs.3.255 per gram on 7 April.

April 2019 - Week 2 (8-14):

  • Gold rates in Ludhiana opened at a lacklustre Rs.3,255 per gram before climbing to Rs.3,276 per gram on 10 April as investor interest in bullion rose amid rising uncertainty over global equity performance.
  • Prices continued to fluctuate, dipping to Rs.3,266 per gram on 11 April as local demand was bolstered by a weak U.S. dollar rate and encouraging overseas cues.
  • A recovery in the dollar rate and rising equity investment dented demand for gold as the metal dropped to Rs.3,245 per gram on 13 April but inched higher to close at Rs.3,250 per gram on 14 April.

April 2019 - Week 3 (15-21):

  • Reducing industrial offtake and poor retail demand resulted in gold prices in Ludhiana falling during the week after opening at a static Rs.3,250 per gram on 15 April.
  • Rising equity investments after positive economic data from China and the U.S. dented bullion demand as the precious metal fell to Rs.3,239 per gram on 18 April.
  • A possible resolution to the Sino-U.S. trade dispute saw gold plunge to Rs.3,229 per gram on 20 April but a slight drop in the U.S. dollar rate prompted a late rally as gold prices rose to Rs.3,234 per gram on 21 April.

April 2019- Week 4 (22-28):

  • Declining retail demand dampened gold rates in Ludhiana as the week began with the precious metal trading at Rs.3,234 per gram on 22 April.
  • Prices rose marginally to Rs.3,250 per gram on 23 April but steady investor interest in equities resulted in rates falling to Rs.3,234 per gram on 24 April.
  • Fluctuating overseas demand notwithstanding, the precious metal rose on strong local retail and jeweller demand, closing the week at Rs.3,276 per gram on 28 April.

Trend of Gold Rate in ludhiana 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):

  • Falling interest from investors and a steadily recovering dollar resulted in a drop in gold prices in Ludhiana, after the metal traded at Rs.3,402 per gram on 1 March.
  • Prices dropped on waning retail demand due to the rise in price associated with a higher U.S. dollar, with gold trading at Rs.3,318 per gram on 6 March.
  • Despite fears over an economic slowdown, confidence in equities rose as gold dropped to Rs.3,276 per gram on 8 March.
  • Geopolitical tension in the U.S. over another possible shutdown rattled markets as interest in gold rose marginally to trade at Rs.3,318 per gram on 10 March.

March 2019 - Week 2 (11-17):

  • Gold prices in Ludhiana fluctuated due to conflicting cues and a strengthening U.S. dollar after trading at Rs.3,318 per gram when the week began.
  • Sluggish industrial offtake saw prices drop to Rs.3,287 per gram on 13 March as investors shifted to equities after positive U.S. jobs data buoyed markets and currencies.
  • Prices rose to Rs.3,302 per gram on 15 March as markets dropped on Brexit vote fears, but a delay in the process once again boosted the dollar as gold plunged to Rs.3,281 per gram on 17 March.

March 2019 - Week 3 (18-24):

  • Investor interest in bullion boosted gold prices in Ludhiana as the week began, with the precious metal trading at Rs.3,281 per gram on 18 March before prices slid briefly to Rs.3,260 per gram on 19 March.
  • Growing uncertainty over the economic impact of Brexit resulted in market volatility as investors switched back to safe-haven assets like bullion, which resulted in gold rates rising to Rs.3,276 per gram on 21 March.
  • A recovery by the dollar saw gold fall to Rs.3,260 per gram on 23 March before surging to Rs.3,308 per gram on 24 March as fears of a U.S. recession rattled markets and currencies.

March 2019- Week 4 (25-31):

  • Global interest in bullion declined as rising investor confidence in equities dampened demand for gold, though the metal opened unchanged at Rs.3,308 per gram on 25 March before slipping to Rs.3,287 per gram on 28 March.
  • A possible resolution to the Sino-U.S. trade dispute further bolstered the U.S. dollar which dented local bullion demand, with gold falling to Rs.3,239 per gram on 30 March in a reflection of overseas trends.
  • Robust economic data from China boosted global markets but a slight drop in the dollar rate saw gold rally and trade at Rs.3,266 per gram on 31 March, though overall prices fell by 3.99%.

Trend of Gold Rate in Ludhiana 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):

  • An overall decline in demand impacted gold prices in Ludhiana in spite of the metal opening strongly at Rs.3,423 per gram on 1 February.
  • Investor interest in bullion declined as the dollar recovered and equity markets rebounded, which in turn affected local offtake.
  • Gold dropped to Rs.3,386 per gram on 8 February as poor overseas cues and an increase in the import cost of gold affected local retail and industrial demand.
  • Prices recovered marginally as the week ended, with the precious metal trading at Rs.3,402 per gram on 10 February.

February 2019 - Week 2 (11-17):

  • Gold prices in Ludhiana opened at Rs.3,402 per gram on 11 February but poor offtake from overseas resulted in prices falling to Rs.3,376 per gram on 13 February.
  • A strengthening in the dollar rate capped gains from rising retail sales, as gold prices dipped to a monthly low of Rs.3,360 per gram on 14 February.
  • Uncertainty over the impact of Brexit and another possible U.S. government shutdown saw an increase in gold demand as the metal rose to Rs.3,423 per gram on 17 February.

February 2019 - Week 3 (18-24):

  • Gold rates in Ludhiana rose marginally during the week after opening unchanged at Rs.3,423 per gram on 18 February on steady local offtake from retailers and jewellers.
  • Investor interest dropped ahead of the Fed Reserve meeting but a low dollar rate resulted in increased local industrial offtake as the precious metal traded at Rs.3,434 per gram on 20 February.
  • Prices rose to a monthly high of Rs.3,465 per gram on 21 February but a recovery in the dollar capped future gains and gold dropped to Rs.3,434 per gram when the week ended on 24 February.

February 2019 - Week 4 (25-28):

  • Brexit fears notwithstanding, there was a minor drop in gold prices in Ludhiana as poor industrial offtake followed by a strengthening of the U.S. dollar reduced interest in bullion.
  • The precious metal traded at Rs.3,434 per gram on 25 February but a falling rupee capped gains from local demand as Asian interest fell ahead of results on the Sino-U.S. trade talks.
  • Indications of further rate hikes by the Fed Reserve boosted the dollar as gold prices dropped to Rs.3,428 per gram on 28 February, though the metal rose a miniscule 0.14% over the course of the month.

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

Parameters Gold price (24 karat)
Rate on 1st January2019 Rs.3,234per gram
Rate on 31st January2019 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%

January 2019 - Week 1 (1 - 6):

  • Positive overseas cues and stable local demand saw gold prices in Ludhiana rise steadily during this week.
  • The precious metal opened trading at Rs.3,234 per gram on string jeweller demand due to the wedding season.
  • Overseas interest was also high as investors sought bullion as a hedge against steep losses on the stock market, which helped propel gold rates to Rs.3,281 per gram on 4 January.
  • Prices fell marginally as the week ended, with gold closing the week at Rs.3,276 per gram and recording a rise in price of Rs.42 over the course of the week.

January 2019 - Week 2 (7 - 13):

  • The wedding season and a weak dollar boosted gold prices in Ludhiana this week, with gold trading at Rs.3,245 per gram when trading opened on 7 January.
  • Prices climbed steadily throughout the week, as the metal was bolstered by increasing demand from overseas investors due to market uncertainty over the U.S. shutdown and Brexit fears.
  • Gold surged to Rs.3,297 per gram on 11 January and prices remained constant till the week ended on 13 January, with the metal posting a gain of Rs.52 over the course of the week.

January 2019 - Week 3 (14 - 20):

  • A steady rise in local demand as well as positive overseas cues saw gold rate in Ludhiana rise after opening at Rs.3,297 per gram on 14 January.
  • Global markets were in decline as investors feared the impact of the Brexit crisis and the stalemate over the U.S. government shutdown, which helped gold prices rise to Rs.3,318 per gram on 16 January.
  • A rise in retail sales due to the wedding season coupled with increased orders from Asia took gold price in Ludhiana to Rs.3,334 per gram when the week ended on 20 January.

January 2019 - Week 4 (21-27):

  • Rising retail sales and positive overseas cues boosted gold prices in Ludhiana after a static opening of Rs.3,334 per gram on 21 January.
  • Investor interest fell ahead of the Fed Reserve meeting, as gold rates dropped to Rs.3,308 per gram on 23 January but a fall in the dollar rate saw a rise in local industrial demand.
  • Political uncertainty in Venezuela impacted global markets and increased gold’s safe-haven appeal as the metal’s price rose to Rs.3,344 per gram when trading ended on 27 January.

January 2019 - Week 5 (28-31):

  • Fluctuating equity markets and a drop in the dollar rate boosted interest in bullion, with gold trading at Rs.3,344 per gram on 28 January before rising to Rs.3,355 per gram on 29 January on steady retail demand.
  • A rising rupee made gold imports cheaper and resulted in an increase in jeweller offtake as well as higher retail sales as the metal’s price rose to Rs.3,360 per gram on 30 January.
  • Gold rates in Ludhiana continued to rise as the month ended on steady local and overseas demand, trading at Rs.3,397 per gram on 31 January to record a 5.04% rise in value.

Trend of Gold Rate in Ludhiana 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 December
Lowest Rate in December Rs.3,108 per gram on 1 December
Overall Monthly Performance Incline
Percentage Change 4.21

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 Ludhiana were on the rise as a spike in retail demand and jeweller orders, due to the wedding season, bolstered the yellow metal.
  • The week began with gold trading at Rs.3,108 per gram before jumping to Rs.3,129 per gram on 4 December as international demand also rose on positive cues.
  • Market volatility and a fluctuating dollar led to increased investor interest in bullion, as the precious metal traded at Rs.3,176 per gram on 9 December to record a rise of Rs.68 over the course of 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
  • Echoing trends seen in other cities, gold rates in Ludhiana saw a steady rise as local demand rose on positive global cues and a falling rupee.
  • Gold opened trading at Rs.3,176 per gram but quickly rose to Rs.3,260 per gram on 12 December as fluctuating markets resulted in increased demand for the metal as a safe-haven.
  • Prices dipped to Rs.3,229 per gram on 14 December as a possible interest rate hike bolstered markets, leading to declining interest in bullion.
  • The week ended with gold trading at Rs.3,229 per gram.

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 Ludhiana 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
  • The last week began with gold in Ludhiana trading at Rs.3,187 per gram on the 24th with strong domestic demand from local jewellers, retailers and industries amid firm global cues.
  • Safe-haven demand surged during the week with the US-Sino trade dispute intensifying amid the declining economy of the nation.
  • Gold was recorded trading at Rs.3,239 per gram on the 31st when the month came to an end amid strong domestic demand coupled with positive market trends overseas, registering a 4.21% in prices during the month.

Trend of Gold Rate in Ludhiana 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 in Ludhiana priced at Rs.3,255 per gram on the 1st with demand on the decline amid the strengthening US dollar and equities.
  • With the greenback gaining against a basket of other emerging currencies at the international level, demand dropped further and gold was priced at Rs.3,250 per gram until the 3rd.
  • However, with the dollar losing ground following the US payrolls data, gold rates rebounded to Rs.3,260 per gram towards the end of the week.

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
  • Trading commenced for the week with gold price in Ludhiana holding at Rs.3,260 per gram on the 5th with domestic markets capitalising on the previous week’s gains.
  • However, with the dollar rising ahead of the US Fed policy statement, demand for the metal surged and gold was priced at Rs.3,250 per gram on the 7th.
  • Strong dollar performances coupled with poor investor demand led to gold rates closing at Rs.3,203 per gram on the 11th.

November 2018 - Week 3 (12 - 18):

Parameters Gold price (per gram of 24 karat gold)
November 12 Rate Rs.3,203 per gram
November 18 Rate Rs.3,192 per gram
Overall Weekly Performance Decline
  • The week began with gold priced at Rs.3,203 per gram on 12 November, with rising demand raising prices to Rs.3,208 per gram on 13 November.
  • As the U.S. dollar recovered and rose against the rupee, both local retail and industrial demand fell as the precious metal’s price dropped to Rs.3,161 per gram on 15 November.
  • Prices fluctuated as overseas stock markets reacted to the Brexit deal and ongoing crises surrounding the U.S. midterm elections.
  • Gold rate in Ludhiana settled at Rs.3,192 per gram on 18 November to record a marginal loss in value of Rs.11 during the week.

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 opened the week priced at Rs.3,192 per gram on 19 November amidst a slowdown in retail sales due to the falling rupee.
  • Industrial demand was also weak as a strengthening dollar made imports of the metal more expensive, as reflected in gold prices falling to Rs.3,166 per gram on 21 November.
  • Stock markets recovered ahead of the G20 summit and bolstered global currencies, reducing investor interest in safe-haven assets like bullion.
  • Gold rates in Ludhiana continued to fall, trading at Rs.3,145 per gram on 25 November to record a loss of Rs.45 during the week.

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
  • Echoing trends seen across other cities, gold suffered a drop in price due to declining local demand and weak overseas cues.
  • Gold was priced at Rs.3,145 per gram on 26 November and fluctuated for a few days due to conflicting overseas cues.
  • Local retail demand was poor due to the falling rupee, as the metal’s price fell to Rs.3,124 per gram on 29 November.
  • The end of the month saw gold prices in Ludhiana continue to trade at Rs.3,124 per gram to record a drop in price of Rs.21 during the week.

Trend of Gold Rate in Ludhiana 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%

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
  • Gold prices in Ludhiana opened lower this week, trading at Rs.3,140 per gram as the rising dollar and strengthening equity markets pressured gold.
  • Prices remained stable for a few days as local jewellers reduced orders before industrial demand propped up the metal’s value.
  • In spite of the ongoing trade dispute between China and the United States, markets were quite steady, though investors continued to buy bullion, sending prices to Rs.3,197 per gram on 4 October.
  • Prices continued to trade at a steady rate, barring a drop in price to Rs.3,187 per gram on 6 October due to demand fluctuations.
  • Higher retail sales pushed gold to Rs.3,229 per gram as the week ended on 7 October, as gold prices rose by Rs.89 during the week.

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
  • Gold in Ludhiana was priced at Rs.3,229 per gram on 8 October, a decline in value from week 1.
  • The metal rose in value on 11 October as global positive trends were recorded, and the dollar dipped in value in comparison with other currencies.
  • Week 2 ended with gold trading at Rs.3,245 per gram, recording an inclining trend in the price of gold in Ludhiana.

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
  • With a rise in domestic demand and higher retail sales due to the festive season, gold prices rose steadily during the week.
  • Gold opened at Rs.3,245 per gram on 15 October, with no change in price due to steady order volumes.
  • Prices climbed to Rs.3,266 per gram on 17 October as demand rose due to turbulent stock markets and a falling dollar rate.
  • A change in fortunes led to gold rates falling to Rs.3,239 per gram on 18 October as news of a possible interest rate hike boosted markets.
  • Prices recovered towards the end of the week, with gold prices in Ludhiana trading at Rs.3,255 per gram on 21 October.

October 2018 - Week 4 (22 - 28):

Parameters Gold price (per gram of 24 karat gold)
October 22 Rate Rs.3,255 per gram
October 28 Rate Rs.3,266 per gram
Overall Weekly Performance Incline
  • Festive demand and positive market cues saw gold prices rise steadily during the week in spite of a depreciating rupee making gold more expensive.
  • The precious metal opened trading at Rs.3,255 per gram on 22 October on positive investor sentiment, rising to Rs.3,260 per gram on 25 October as retail sales increased.
  • Global stock markets crashed on 26 October as gold prices climbed to Rs.3,271 per gram on increased investor interest in bullion.
  • Prices dropped marginally as the US dollar and equities stabilised, with the yellow metal falling to Rs.3,266 per gram on 27 October.
  • Steady demand saw gold prices in Ludhiana close at Rs.3,266 per gram on 28 October as prices rose by Rs.11 during the week.

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
  • Demand for gold was on the decline in the last week of October, as rising gold prices offset festie bullion demand from the retail sector.
  • The precious metal opened the week priced at Rs.3,266 per gram on 29 October amidst a surge in retail demand ahead of the festive season.
  • Prices remained static as gold gains were capped due to the fall in the rupee value, though retail demand was on the rise due to the festive season.
  • The end of the month saw gold rates continue to fall as the dollar strengthened over growing investor confidence, resulting in gold prices in Ludhiana trading at Rs.3,260 per gram.

Trend of Gold Rate in Ludhiana 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 1.17%

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
  • At the start of September, gold rates in Ludhiana were at a stable Rs.3,103 per gram as local demand was on the rise.
  • Industrial demand kept prices stable, though gold fell to Rs.3,082 per gram on 4 September due to fluctuations in the dollar rate.
  • Prices recovered towards the middle of the week, as the yellow metal rose to trade at Rs.3,098 per gram on 5 September.
  • In spite of the rupee falling against the dollar and making gold more expensive, retail demand was on the rise due to the upcoming wedding season.
  • Prices continued to climb as the week ended, as gold was priced at Rs.3,124 per gram on 8 September.

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 Ludhiana reflected trends seen in other cities across the country, as rising retail demand and steady industrial offtake keeping prices steady.
  • The week began with gold priced at Rs.3,124 per gram on 9 September, as a fluctuating dollar led to increased interest in bullion from investors.
  • Positive sentiment over an impending Brexit deal led to the euro and sterling rising against the dollar, as gold rose to Rs.3,129 per gram from 10-12 September.
  • Fears of a trade war further pressured the dollar, as investors sold off the currency and gold boosted gold prices to Rs.3,145 per gram on 13 September.
  • Prices dipped to Rs.3,134 per gram on 14 September to record a Rs.10 increase in value during the week.

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
  • In line with trends seen across other major Indian cities, gold prices in Ludhiana steadily increased over the course of the week due to favourable cues and rising demand.
  • Gold opened the week at Rs.3,129 per gram and rose the very next day to Rs.3,134 per gram as retail demand rose sharply.
  • The ongoing trade crisis between the United States and China led to global markets falling, which prompted increased interest in bullion, though prices remained steady for a few days.
  • Prices jumped tp Rs.3,145 per gram on 19 September after the imposition of fresh tariffs, with the dollar falling on falling investor confidence.
  • Gold rose to Rs.3,155 per gram on 20 September as the falling rupee made imports cheaper, resulting in a rise in industrial demand.
  • Prices fell marginally as the week ended, with the metal trading at Rs.3,150 per gram on 22 September.

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
  • In line with trends seen across other major Indian cities, gold prices in Ludhiana steadily increased over the course of the week due to favourable cues and rising demand.
  • The precious metal opened at Rs.3,145 per gram on 23 September as both industrial and retail demand was stable.
  • Renewed fears of the impact of retaliatory trade tariffs led to increased interest in gold as a safe haven asset, as gold prices rose to Rs.3,155 per gram on 26 September.
  • The falling rupee led to a drop in retail sales, as gold prices tumbled to Rs.3,113 per gram on 29 September.
  • Prices failed to recover after the Federal Reserve raised interest rates for the third time in the year, as gold ended the month at Rs.3,140 per gram on 30 September.

Trend of Gold Rate in Ludhiana 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%

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 first week of August, gold rates in Ludhiana were on the decline due steadily declining gold demand both domestically as well as internationally.
  • The precious metal opened the month at Rs.3,050 per gram, as local industrial demand propped prices in spite of declining overseas trends.
  • U.S. markets were volatile due to fears of a trade war with China but the dollar strengthened on strong investor sentiment, pushing demand for gold to Rs.3,019 per gram on 4 August.
  • The dollar fell marginally on lower-than-expected U.S. employment results, which boosted gold prices.
  • The week ended with gold rising to Rs.3,035 per gram on 5 August, though prices fell overall.

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
  • Gold prices in Ludhiana increased in demand during the second week of August as the dollar stabilised during this time.
  • The gold rate in Ludhiana 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 Ludhiana.
  • Gold rate in Ludhiana 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 Ludhiana. At the end of the week ending 12 August, gold rate in Ludhiana 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 Ludhiana in Week 3 of August was declining as dollar rates hit a near 13-month high.
  • On 13 August, the gold price in Ludhiana 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 Ludhiana 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
  • When the week began, gold in Ludhiana was recorded trading at Rs.3,014 per gram on the 20th.
  • Steady and subdued local demand amid the firm overseas trends led to gold rate in Ludhiana remaining unaltered at Rs.3,014 per gram on the 21st.
  • With the US greenback losing against a basket of other major currencies, investor demand for the metal surged. This led to gold in Ludhiana being priced at Rs.3,024 per gram and Rs.3,040 per gram on the 22nd and the 23rd respectively.
  • However, with the US dollar stabilising towards the end of the week, gold price in Ludhiana stood at Rs.3,035 per gram on the 26th as the week concluded.

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
  • Gold rates in Ludhiana rose sharply towards the middle of the week, boosted by higher retail demand and favourable market conditions.
  • The precious metal traded at Rs.3,035 per gram on 27 August, with the price remaining unchanged from the previous week.
  • Prices rose sharply as demand for gold skyrocketed after the dollar fell steeply, with gold prices at Rs.3,082 per gram on 28 August.
  • Retail demand, as well as higher orders from jewellers, propped up prices as the dollar recovered, as Asian demand for bullion slowly declined.
  • There was some fluctuation in gold prices before the end of the month when they closed at Rs.3,092 per gram.

Trend of Gold Rate in Ludhiana 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 7 July
Lowest Rate in July Rs.3,056 per gram on 18 and 31 July
Overall Monthly Performance Decline
Percentage Change -2.17%

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
  • Gold was trading at Rs.3,124 per gram in Ludhiana when trading commenced for the week.
  • Local demand was stable and as a result gold prices remained at Rs.3,124 per gram on the 2nd, before a rising dollar pushed rates down to Rs.3,113 per gram on the 3rd.
  • With the dollar continuing to rise, cues weakened and gold rate in Ludhiana went down to Rs.3,103 per gram on the 3rd.
  • Markets and the dollar plummeted as the trade war intensified, which pushed safe haven demand through the roof.
  • Gold rates went up to Rs.3,129 per gram on the 5th due to this, before surging to Rs.3,134 per gram on the 6th.
  • The US dollar continued to remain weak and local demand also improved, which led to gold rates rising up to 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
  • In Ludhiana, the second week began with the bullion priced at Rs.3,134 per gram on the 8th following a slight drop in domestic demand amid the recovering dollar.
  • With the US greenback touching near three-week lows over the next few days, gold was recorded trading at Rs.3,134 per gram until the 11th.
  • The 12th, however, saw gold rate in Ludhiana dropping to Rs.3,119 per gram before plummeting to Rs.3,103 per gram on 13th with the US dollar index gaining against a basket of other emerging currencies, strengthening the greenback at the global level.
  • Rates dropped for the third consecutive session with the US dollar capitalising on the previous session’s gains, flatlining domestic demand for the precious metal. Gold was recorded trading at Rs.3,092 per gram on the 14th as the week came to an end.

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 Ludhiana, gold was priced at Rs.3,092 per gram when the week began.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 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 Ludhiana was sluggish, in line with trends seen across the country. Gold opened the week priced at Rs.3,082 per gram on 22 July.
  • With the dollar continuing its rise in value, there was lower demand for safe-haven bullion from investors and reduced industrial offtake.
  • Prices fell to Rs.3,061 per gram on 25 July as overseas demand had all but fallen and retail sales were also poor.
  • Gold prices rose marginally, trading at Rs.3,077 per gram on 27 July as fears of a possible escalation between the U.S. and Iran led to renewed interest in bullion.
  • The rise in price was shortlived, as gold fell to Rs.3,056 per gram on 31 July.
Parameters Gold price (24 karat)
June 1 Rate Rs.3,012 per gram
June 30 Rate Rs.2,992 per gram
Highest Rate in June Rs.2,057 per gram on 7 June
Lowest Rate in June Rs.2,972 per gram on 27 June
Overall Monthly Performance Decline
Percentage Change -0.66%

June ‘17- Week 1 (1st to 4th)

  • Gold price Ludhiana increased in the first week of June as demand from overseas as well as local jewellers was high, as the metal opened the week at Rs.3,012 per gram on 1 June.
  • There was no change in the price as demand was stable, with the falling U.S. dollar helping prices remain steady.
  • Prices rose by Rs.10, trading at Rs.3,022 per gram on 3 June as U.S. markets tumbled due to geopolitical tensions in the continental U.S.
  • The week ended with gold trading at Rs.3,022 per gram on 4 June.

June '17- Week 2 (5th to 11th)

  • The price of gold in Ludhiana increased in the second week as local demand was on the rise, trading at Rs.3,037 per gram on 5 June.
  • Gold rose to Rs.3,057 per gram on 7 June as demand climbed as the U.S. dollar continued to drop due to poor trading in the currency on the bourses.
  • The release of positive U.S. jobs data led to demand for gold falling to Rs.3,042 per gram on 8 June.
  • Demand slipped to Rs.3,017 per gram on 9 June as markets rallied following the positive market trends and increase in job creation.
  • Gold price in Ludhiana continued to fall, trading at Rs.3,007 per gram on 10 & 11 June due to lowered demand from the domestic retail sector.

June ‘17- Week 3 (12th to 18th)

  • The price of gold was muted in the third week as overseas demand was sluggish due to a recovering U.S. dollar rate.
  • Gold traded at Rs.3,007 per gram on 12 June, with the price remaining unchanged till 15 June.
  • Tensions between North Korea and the United States led to some instability, though markets did not react adversely.
  • Local demand began to rise as consumers bought gold ahead of the implementation of GST, which would increase prices.
  • In spite of the rise in local demand, gold price in Ludhiana fell to Rs.2,992 per gram on 16 June before ending the week at Rs.2,982 per gram on 18 June.

June ‘17- Week 4 (19th to 25th)

  • Gold traded at Rs.2,982 per gram on 19 June due to poor demand from overseas industrial units and a lowering of demand from investors.
  • Gold price in Ludhiana began to rise marginally towards the middle of the week as Asian investors renewed interest in the yellow metal, pushing prices to Rs.2,987 per gram on 23 June.
  • Local demand was steady but did not appear to impact overall prices much, as gold traded at Rs.2,992 per gram on 24 June.
  • Demand was stable and prices did not change on the last day of the week, trading at Rs.2,992 per gram on 25 June.

June ‘17- Week 5 (26th to 30th)

  • Gold rate in Ludhiana rose to Rs.3,002 per gram as the week began on 26 June, as local retail demand boosted prices.
  • Poor demand from overseas due to steady markets led to gold price in Ludhiana dropping to Rs.2,992 per gram on 27 June.
  • Industrial units had saturated demand for the yellow metal, leading to stagnant demand and no change in the price of gold.
  • The month ended with gold trading at Rs.2,992 per gram on 30 June and losing 0.66% in its value.
May 1st Rate Rs.3,011 per gram
May 31st Rate Rs.2,992 per gram
Highest Rate in May Rs.3,011 per gram on May 1st
Lowest Rate in May Rs.2,918 from 11th May to 15th May
Overall Performance Decline
Percentage Change -0.63%

May ’17 – Week 1 (1st – 7th)

  • Gold opened at the market on the 1st week of May on a high note in Ludhiana, trading at an aggressive Rs.3,011 per gram on 1st of May. This was the highest rate in the month.
  • The price remained the same on the next day.
  • The price slumped on 3rd May to Rs.2,982 per gram due to increase in the US Dollar rate and other geopolitical developments.
  • The price further fell to Rs.2,952 per gram in Ludhiana, a slight drop by Rs.30 per gram, due to a drop in global demand.
  • The price remained the same until the end of the 1st week of May.
  • The price of the precious yellow metal declined over the course of the week. It started out on a high note and came dwindling down to Rs.2,952 per gram on 7th May, the last day of the week.
  • This decrease in price can be attributed to the gradual fall in demand for safe-haven assets.

May ’17 – Week 2 (8th – 14th)

  • The week opened at a cautious Rs.2,942 per gram. The price in the second week remained comparatively stable with certain minor fluctuations.
  • The price of gold in Ludhiana remained the same on 9th May, influenced by the strengthening Euro after Emmanuel Macron made it as a winning candidate in the presidential election in France.
  • The price dipped on 10th May to Rs.2,928 per gram, falling again the next day to Rs.2,918 per gram.
  • The price of gold stabilized and remained at Rs.2,918 per gram from 11th May to 14th May due to geopolitical developments

May ’17- Week 3 (15th – 21st)

  • As gold markets stabilized during the course of the previous week, gold opened at Rs.2,918 per gram on 15th May. This is the same price at which it closed in the previous week.
  • The price picked up on 16th May, reaching Rs.2,923 per gram due to the weakening of the US Dollar rate after weak US manufacturing data.
  • Over the course of the week, the price of the precious yellow metal continued to rise, influenced by a weaker US Dollar. The price increased to Rs.2,939 per gram on 17th May and further rose to Rs.2,991 per gram on the next day.
  • Gold hit the market on a low note on 19th May at Rs.2,977 per gram. This is a drop by Rs.14 per gram from the previous day due to a rise in the US Dollar rate and other geopolitical developments involving US and Russia.
  • Gold traded at the market at the same price on the next day as markets remained largely stable.

May ’17 – Week 4 (22nd – 28th)

  • The precious metal traded on the first day of the 4th week of May at Rs.2,977 per gram. The price remained stable for most of the week and surged during the last three days.
  • The price remained the same from the next day until 25th May due to various factors such as demand forces being constant, the Manchester blast and other political controversies involving US President Donald Trump.
  • On 26th May, gold traded higher, at Rs.2,992 per gram, an increase by Rs.15 per gram from the previous day’s price of Rs.2,977. This increase is attributed to the fall in US Dollar rate after a US Federal Reserve meeting, where interest rates were downplayed.
  • The price remained at Rs.2,992 per gram until the end of the week as demand forces and markets remained largely stable.

May ’17 – Week 5 (29th – 31st)

  • Gold hit the market at Rs.2,992 per gram, trading stably due to weakening stock markets and geopolitical developments.
  • In the last week of May, the price remained the same at Rs.2,992 per gram on 29th, 30th, and 31st of May.
  • The price of the precious metal declined in May due to various factors such as the French presidential elections, changes in local demand and political developments surrounding the US.
  • There was an overall decline by -0.63%.
April 1st Rate Rs.3,011 per gram
April 30th Rate Rs.3,061 per gram
Highest Rate in April Rs.3,061 per gram on 29th and 30th April
Lowest Rate in April Rs.3,011 per gram from 1st to 3rd
Overall Performance Incline
Percentage Change 1.66%

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

  • In Ludhiana, gold rates remained above Rs.3,000 per gram for the entire month, thanks to sustained demand in the local market.
  • The 1st saw gold trading at Rs.3,011 per gram - and as demand didn’t fluctuate - rates remained the same till the 3rd of the month.
  • Due to tensions ramping up in the middle east after some hands-on involvement by the US, gold rates began to rise.
  • The US government lead by President Donald Trump decided to reply to the gas attacks allegedly orchestrated by the Syrian government, which sent the market into a frenzy.
  • As concerns over a possible crash in the market, gold rates went up to Rs.3,043 per gram on the 4th.
  • However, as optimism of a good period kicked on despite no demand, gold prices remained at Rs.3,043 till the end of the week on the 9th.

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

  • The second week saw gold rates dip down to Rs.3,025 per gram due to some corrections and a sustained demand from the domestic market.
  • Gold rates remained at Rs.3,025 per gram from the 11th to the 16th as there was no change in demand among jewellers in the city.
  • However, too much optimism during this week meant that gold rates were headed down for a drop over the coming weeks.

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

  • On the 17th, gold was still priced at Rs.3,025 per gram -unchanged from the previous week’s closing prices - as there was no change in demand.
  • Rates didn’t change for the next six days as well as local traders from various sectors didn’t particularly feel the need to invest in the bullion market.
  • The week ended with gold prices holding at Rs.3,025 per gram.

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

  • On the 24th, when the fourth week began, gold was still trading at Rs.3,025 per gram and went on at the same rate during the 25th as well.
  • As demand went up slightly on the 26th, gold prices increased to Rs.3,036 per gram as concerns over US policies rose.
  • The change as seen on 26th was the second change in over two weeks’ period as the market saw its first significant change in as long a time.
  • The 27th saw gold rates increase again, this time by Rs.12 to hit Rs.3,048 per gram as local jewellers and consumers began to take stock of the rising demand.
  • On 29th, rates went up for the third time this week, to increase to Rs.3,061 per gram.
  • The last day of April again saw gold prices remain the same at Rs.3,061 per gram as there was sustained demand for the metal.
  • Ludhiana saw gold price trends increase at the rate of 1.66% - one of the highest inclines for the month of April around the country.
March 1st Rate Rs.3,009 per gram
March 31st Rate Rs.2,991 per gram
Highest Rate in March Rs.3,009 per gram on 1st and 2nd March
Lowest Rate in March Rs.2,950 per gram on 15th of March
Overall Performance Decline
Percentage Change -0.59%

March 2017 - Week 1 (1st - 5th):

  • Gold rate in Ludhiana for March began on a high in Ludhiana but went down over the course of the next 4-5 weeks.
  • On 1st March, during the midweek, gold was trading at Rs.3,009 per gram, which didn’t change on the 2nd.
  • Rates during the first two days were the highest gold would hit for the month of March.
  • As demand seemed to go down owing to a strengthening dollar, gold prices went down to Rs.2,990 per gram on 3rd.
  • For the subsequent two days gold rate in Ludhiana sustained at Rs.2,990 per gram as demand didn’t fluctuate by much.

March 2017 - Week 2 (6th - 12th):

  • When the second week of March began on 6th, gold rates had changed as it remained at Rs.2,990 per gram - the same as the previous day.
  • However, gold rate in Ludhiana saw one of its sharpest decline for the month as global demand took a tumble, bringing prices down to Rs.2,970 per gram on 7th.
  • The decline, though, was short lived as rates bounced back to increase by Rs.23 to close at Rs.2,993 per gram on 8th.
  • This week witnessed considerable fluctuations which was evident from another slump in gold price in Ludhiana on 9th.
  • Rates went from Rs.2,993 per gram to Rs.2,977 per gram - a decrease of Rs.16 - as market volatility was at its best.
  • Unlike the previous instance, there was no bouncing back this time as a lack of demand brought bullion prices further down to Rs.2,965 per gram.
  • The last two days of March week 2, however, showed some respite as rates picked up slightly to end the week at Rs.2,971 per gram.

March 2017 - Week 3 (13th - 19th):

  • The third week of March was a rather topsy-turvy period for gold rates.
  • On 13th, gold was selling at Rs.2,971 per gram but dropped down by Rs.2,951 per gram on the 14th.
  • When trading began on 15th, prices went down marginally to Rs.2,950 per gram but went back up, thanks to a rise in demand to Rs.2,960 per gram on 16th.
  • Rates again went up on the 17th to hit Rs.2,970 per gram as prices seemed to go back to where they started.
  • Over the last two days of March week 3, gold was trading at Rs.2,971 per gram - marking a change of 0% for the week.

March 2017 - Week 4 & 5 (20th - 31st):

  • The last two weeks of March 2017 were again a bit of a tumultuous period for gold rates.
  • This was the period when several altercations in Syria brought about strong responses from the US, which helped the markets go up.
  • On 20th, gold was priced at Rs.2,976 per gram, which continued on the 21st as well.
  • The 22nd saw gold price in Ludhiana gain the highest - an increase of Rs.27 - to end the day at Rs.3,003 per gram.
  • Although, gold prices remained unchanged on 23rd, they went down to Rs.2,993 per gram on the 24th and didn’t change till the 26th.
  • On 27th, rates again went back to Rs.3,003 per gram - only to continue at the same rate till the penultimate day of the month.
  • The last day of March 2017 saw gold prices fall by Rs.12 to end the month at Rs.2,991 per gram.
  • In Ludhiana, gold prices declined slightly by just 0.59% for the month of March.
February 1st Rate Rs.2,978 per gram
February 28th Rate Rs.3,020 per gram
Highest Rate in February Rs.3,031 per gram from 25th to 27th February
Lowest Rate in February Rs.2,957 per gram on 4th to 7th February
Overall Performance Incline
Percentage Change 1.41%

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

  • In Ludhiana, the first week of February started relatively slow.
  • On 1st, gold was trading at Rs.2,978 per gram.
  • As there was no change in demand, gold prices remained largely the same for much of week 1.
  • Gold was still trading at Rs.2,978 per gram on 2nd and remained unchanged on 3rd.
  • However, rates fell by Rs.21 to reach Rs.2,957 per gram.

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

  • When week 2 began on 5th, gold was still trading at Rs.2,957 per gram and maintained the same rate on 6th as well.
  • Rates jumped up significantly on 7th by Rs.42 to reach Rs.2,999 per gram and went up again to Rs.3,009 per gram on 8th.
  • Prices remained unchanged on the 9th and 10th, for the metal to trade at Rs.3,009 per gram, as no fluctuations were seen.
  • The week ended on a decline as gold prices in Ludhiana took a hit to go down to Rs.2,983 per gram.

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

  • The third week of February saw gold prices in Ludhiana fluctuate quite a bit.
  • On 12th, gold was trading at Rs.2,983 per gram but went down to Rs.2,973 per gram when trading began on the 14th.
  • The 15th saw prices remained unchanged before they increased to reach Rs.2,989 per gram - an increase of Rs.16.
  • Prices increased again on the 17th to go up to Rs.3,004 per gram as domestic demand rose but slumped down to Rs.2,999 per gram on 18th.

February 2017 - Week 4 & 5 (19th-28th):

  • The last two weeks of February saw gold prices in Ludhiana remain more or less the same, barring a couple of changes along the way.
  • On 19th, gold was trading at Rs.2,999 per gram and, as a result of no fluctuations, was still trading at Rs.2,999 per gram when business day ended on 24th.
  • As US dollar began to weaken slightly and as domestic demand increased, gold rates went up to Rs.3,031 per gram per gram on 25th.
  • Gold rates remained unchanged for the next three days as it was still trading at Rs.3,031 per gram.
  • February saw gold price trends in Ludhiana go up by 1.41%.
January 1st Rate Rs.2,844 per gram
January 31st Rate Rs.2,930 per gram
Highest Rate in January Rs.2,979 per gram on 23rd & 24th January
Lowest Rate in January Rs.2,844 per gram on 1st to 3rd January
Overall Performance Incline
Percentage Change 3.02

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

  • In Ludhiana, when the first week of January began, gold was trading at Rs.2,844 per gram and remained there till the closing hours of 3rd.
  • The rate between 1st and 3rd was the lowest gold rate for the month meaning there was a positive forecast the month.
  • On 4th, prices went up by Rs.11 to hit Rs.2,855 per gram increased by Rs.11 on 5th again to reach Rs.2,866 per gram’.
  • Rates didn’t change on 6th and 7th as there was no major implications that drove gold prices up and down in the domestic market.

January 2017 - Week 2 (8th - 14th):

  • When week 2 began, gold prices were still holding on at Rs.2,866 per gram and remained unchanged on the 9th.
  • Prices, however, increased by Rs.22 to reach Rs.2,888 per gram on 10th and increased once more to hit Rs.2,908 per gram on 11th, owing to an increase in demand.
  • The 12th also saw prices increase by Rs.16 to end the day’s gold trade at Rs.2,925 per gram.
  • On 13th, however, prices dipped by Rs.5 per gram to bring rates down to Rs.2,920 per gram.
  • Prices increased on the last day of week 2 as they went up to hit Rs.2,941 per gram.

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

  • Prices still remained the same as on 15th as gold was still trading at Rs.2,941 per gram.
  • On 16th, prices increased for gold to trade at Rs.2,952 per gram and remained the same on the 17th.
  • Prices again increased on the 18th to reach Rs.2,973 per gram but fell to Rs.2,959 per gram on the 19th.
  • Prices fell on 20th to hit Rs.2,952 per gram before increasing by Rs.11 on the 21st to end the week at Rs.2,963 per gram.

January 2017 - Week 4 and 5 (22nd - 31st):

  • The last week of January saw quite a few fluctuations as markets kept changing tack.
  • On 22nd, gold was trading at Rs.2,963 per gram and then increased to Rs.2,979 per gram on the 23rd before continuing at the same rate on the 23rd.
  • The 24th saw gold prices go down by Rs.1 per gram to hit Rs.2,978 per gram and remained there on the 25th as well.
  • Business day on 26th was affected by strengthening dollar as prices fell by Rs.32 to go down to Rs.2,946 per gram.
  • Prices increased by Re.1 over the next two day to bring trading prices to Rs.2,947 per gram.
  • At the end of the month, gold was trading at Rs.2,958 per gram.
  • Overall, gold prices went up by 3.02% for the month of January.
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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