|December 1st Rate||Rs.2,905 per gram|
|December 31st Rate||Rs.2,820 per gram|
|Highest Rate in December||Rs.2,905 per gram on 1st December|
|Lowest Rate in December||Rs.2,765 per gram on 16th, 22nd & 23rd December|
December '16 - Week 1 (1st to 4th)
- The price of gold was high as the month began, with gold trading at Rs.2,905 per gram on 1st December.
- The continued effect of the policy of demonetisation led to a currency shortage, which reduced consumer spending on gold during the festive season.
- International markets were high, which led to a reduction in demand for bullion, keeping prices low.
- Gold traded at Rs.2,900 per gram on 4th December, recording a very marginal drop in price.
December '16 - Week 2 (5th to 11th)
- Demand failed to increase in the second week of December, resulting in gold prices falling slightly.
- Gold traded at Rs.2,885 per gram on 5th December as industrial demand fell.
- A decrease in retail purchase of gold led to a decline in price, with gold trading at Rs.2,840 per gram on 9th December.
- In spite of international trends reflecting an increase in demand for gold, domestic demand continued to be sluggish, resulting in gold trading at Rs.2,825 per gram on 11th December.
December '16 - Week 3 (12th to 18th)
- Gold prices dipped further during the week due to weak demand and strengthening markets.
- Gold was priced at Rs.2,825 per gram on 12th December, with the price falling further to Rs.2,785 per gram on 15th December.
- A rise in U.S. Dollar rates led to a decrease in demand for gold on the international market, which resulted in a decline in price in the domestic market as well.
- Gold was priced at Rs.2,775 per gram on 18th December, registering a marginal dip in price.
December '16 – Week 4 (19th to 25th)
- Prices did not improve in the fourth week in spite of holiday buying due to Christmas and the wedding season in India as a result of the continuing currency shortage.
- Gold traded at Rs.2,780 per gram on 19th December as markets staged a recovery, which decreased demand for bullion.
- Gold prices fell to Rs.2,765 per gram on 23rd December before rising marginally to close the week at Rs.2,770 per gram on 25th December.
December '16 – Week 5 (26th to 31st)
- The last week of December saw gold prices remain more or less constant due to stable demand.
- Gold was priced at Rs.2,775 per gram on 26th December, with the metal recording marginal increases in price throughout the week.
- Domestic demand rose slightly as the currency shortage appeared to be abating, with gold trading at Rs.2,800 per gram on 28th December.
- International demand also rose as the week ended, resulting in gold reaching Rs.2,820 per gram on 31st December.
|November 1st Rate||Rs.3,060 per gram|
|November 30th Rate||Rs.2,930 per gram|
|Highest Rate in November||Rss.3,180 per gram on 9th November|
|Lowest Rate in November||Rs.2,905 per gram on 25th November|
November '16 - Week 1 (1st to 6th)
- Gold prices in Panaji were high as the week began, as demand from industry and the retail sector were stable.
- Gold traded at Rs.3,060 per gram on 1st November and prices rose throughout the week.
- Weakening markets due to the upcoming U.S. elections led to investors putting their money into gold to safeguard against losses on the markets.
- Strong domestic demand on account of the festive season also contributed to keeping prices high.
- Gold traded at Rs.3,120 per gram on 6th November as the week ended with gold firmly in the black.
November '16 - Week 2 (7th to 13th)
- The second week saw prices reach their monthly high due to renewed uncertainty following the U.S. election results as well as the demonetisation policy.
- Gold was priced at Rs.3,090 per gram on 7th November as markets fell following the surprise victory of Donald Trump in the U.S. election.
- The government’s announcement on the demonetisation of large currency notes created panic, leading investors to invest heavily in gold.
- Gold reached its monthly high of Rs.3,180 per gram on 9th November due to the market crash following the demonetisation announcement.
- Demand for gold fell as the shortage of legal tender affected the economy.
- Gold traded at Rs.3,040 per gram on 13th November.
November '16 - Week 3 (14th to 20th)
- Gold prices began to slide as demand dropped due to a shortage of funds as a result of demonetisation.
- The government also enacted more stringent laws to monitor gold purchases, further putting people off investing in the metal.
- Gold was priced at Rs.3,025 per gram on 14th November, with the price dropping to Rs.2,960 on 18th November.
- Gold traded at Rs.2,965 per gram on 20th November, recording a marginal increase in price.
November '16 - Weeks 4 and 5 (21st to 30th)
- The continued effect of demonetisation led to demand for gold falling due to a paucity of funds.
- Gold was priced at Rs.2,970 per gram on 21st November as markets began to recover domestically.
- A strengthening Dollar and positive market trends led to lower demand for gold in the international markets as well, which impacted domestic demand.
- Prices fell gradually throughout the week, with gold closing at Rs.2,930 per gram on 30th November.
|Highest Price||Rs.3,160 from 1st October to 3rd October|
|Lowest Price||Rs.3,016 on 17th October|
October 2016 – Weeks 1 and 2 (1st to 9th)
- Though the interest rate hike by the U.S. Federal Reserve has been put on hold till December, expectations have sprouted again as a further delay in the hike could lead to other problems for the economy.
- Gold as priced at Rs.3,160 on the 1st of October and prices remained stable until the 3rd.
- Prices declined consistently until the 7th when they hit Rs.3,020 per gram, and then remained stable until the 9th,
- Prices rose on the 10th to close the week at Rs.3,030 per gram.
October 2016 – Week 3 (10th to 16th)
- The price of gold per gram did not change from the closing levels of the previous week and prices stood at Rs.3,030 until the 13th of the month.
- Rates then increased by Rs.5 on the 14th and gain by Rs.5 on the 15th to settle at Rs.3,020 until the close of the week.
- In comparison with the previous week, gold prices declined by Rs.10 between the 10th and 16th of October.
October 2016 – Week 4 (17th to 23rd)
- There was little talk of the interest rate hike by the U.S. Federal Reserve this week.
- Rates fell by Rs.4 on the first day of the week to stand at Rs.3,016 per gram – the lowest recorded rate in the month of October.
- Rates then fluctuated for the next two days before rising to Rs.3,045 and remaining constant until the 21st.
- Prices then fell by Rs.10 and remained stable for another day to close the fourth week of October at Rs.3,035 per gram.
October 2016 – Week 5 (24th to 31st)
- Gold prices increased during the last week of the month as festive demand picked up in the domestic market.
- The week began with fluctuations but prices soared to Rs.3,070 on the 29th and remained stable for another day before a drop by Rs.10 on the final day of trading saw the precious metal close the week at Rs.3,060 per gram.
- The overall decline in prices between the first and last day of October was 3.16%.
|1st Day||Rs.3,125 per gram|
|Last Day||Rs.3,160 per gram|
|Highest Price||Rs.3,190 per gram on 25th to 29th September|
|Lowest Price||Rs.3,115 per gram on 2nd September|
September '16 - Week 1 (1st to 4th)
- Gold traded at Rs.3,125 per gram on 1st September.
- On 2nd September, gold rates dropped to the lowest for this month when it traded at Rs.3,115 per gram.
- Prices soon started to rise as U.S. economic data was weak indicating that a Fed rate hike would not be possible this month.
- Demand for the yellow metal started to rise and the price of gold got a boost to Rs.3,140 per gram on 3rd and 4th September.
September '16 - Week 2 (5th to 11th)
- Gold continued to traded at Rs.3,140 per gram this week till 6th September.
- The constant rates could be attributed to steady demand for gold.
- Owing to positive global trends, gold rates climbed.
- Gold traded at Rs.3,180 per gram at the end of the week.
September '16 - Week 3 (12th to 18th)
- At the start of the week, gold was seen trading at a constant pace of Rs.3,180 per gram.
- The price of gold slipped after the U.S. Federal Reserve raised expectations of an interest rate hike.
- Demand was sluggish as investors took a backseat.
- Gold prices fell to Rs.3,155 per gram at the end of the week.
September '16 - Week 4 (19th to 25th)
- Gold traded at Rs.3,155 per gram for majority of the week.
- Prices climbed on 25th September as the Fed rate hike was postponed to December.
- The U.S. Federal Reserve felt that the presidential elections were too close to introduce a rate hike now.
- Gold prices soared to Rs.3,190 per gram as demand got a solid boost.
September '16 - Week 5 (26th to 30th)
- Gold traded at Rs.3,190 per gram from 26th to 29th September.
- The constant trend was a direct result of stable demand in the domestic and global markets.
- The market bore a bearish outlook on 30th September as the dollar gained strength.
- Gold rates fell to Rs.3,160 per gram on 30th September.
- The trend for this month was an increase of 1.12%
|First Day||Rs.3,190 per gram|
|Last Day||Rs.3,140 per gram|
|Highest Price||Rs.3,225 on 3rd August|
|Lowest Price||Rs.3,140 per gram 31st August|
August '16 - Weeks 1 (1st to 7th)
- Gold traded at Rs.3,190 per gram on 1st and 2nd of August.
- Weaker than expected growth data from the U.S. led to the dollar losing strength.
- Gold rates started to rise, with the highest price of the month recorded on 3rd August at Rs.3,225 per gram.
- Gold maintain high prices this week as there were positive trends on the domestic and global front.
August '16 - Week 2 (8th to 14th)
- Gold traded at Rs.3,165 per gram on 8th August.
- There were fluctuations in the equity markets leading to volatile prices in the gold markets.
- Prices rose to Rs.3,195 per gram on 10th August, but started falling again.
- The week ended with gold trading at Rs.3,175 per gram.
August '16 - Week 3 (15th to 21st)
- Steady demand in the domestic market kept gold rates up this week.
- Gold traded at Rs.3,175 per gram at the start of the week and climbed to Rs.3,205 per gram on 18th August.
- Rates were relatively stable despite global trends indicating a negative atmosphere.
- Gold rates dropped to Rs.3,200 per gram by the end of the week.
August '16 - Week 4 (22nd to 28th)
- Demand for gold was lacklustre as the expectations of a Fed rate hike were heightened.
- Gold rates started to drop as demand slackened.
- Gold traded at Rs.3,180 per gram on 22nd August.
- Gold rates dropped to Rs.3,160 per gram on 26th August, but remained constant till the end of the week on account of domestic demand.
August '16 - Week 5 (29th to 31st)
- Gold traded at Rs.3,160 per gram on 29th and 30th August.
- Prices started plummeting as investors expect the Federal Reserve to roll out the rate hike in September.
- The lowest price gold reached this month was Rs.3,140 per gram on 31st August.
- The overall trend this month was 1.5% decline.
|1st July rate||Rs.3,130|
|31st July rate||Rs.3,170|
|Highest rate in July||Rs.3,205 on 7th|
|Lowest rate in July||Rs.3,130 on 1st|
|% Change||+ 1.27%|
July'16 - Week 1 (1st to 3rd)
- Gold traded at Rs.3,130 per gram on 1st July.
- Expectations of the central banks providing more monetary stimulus to the markets grew rapidly amidst the Brexit vote aftermath.
- Gold rose to Rs.3,150 per gram on 2nd and 3rd July indicating a more constant trend for the week.
July'16 - Week 2 (4th to 10th)
- On 4th July, gold prices were at Rs.3,180 per gram.
- Equity investments fell to an all-time low, the U.S. released strong job data and the dollar gained strength.
- The mixed sentiments in the global market led to a number of fluctuations through the week.
- The lowest price was Rs.3,165 per gram on 5th July, but gold rapidly recovered by 7th July, trading at 3,205 per gram.
July'16 - Week 3 (11th to 17th)
- Gold traded at Rs.3,170 per gram on 11th July.
- Fluctuations were rampant through the week with gold touching the lowest rate on 14th July at Rs.3,135 per gram.
- Gold rates recovered slightly and ended the week at Rs.3,170 per gram.
July ‘16 - Week 4 (18th to 24th)
- Week 4 of July was not good news for gold rates as the U.S. released surprisingly strong economic data which sent the dollar up.
- Gold traded at Rs.3,165 per gram on 18th and fell to Rs.3,120 per gram by 21st July.
- Gold gained its strength slowly and traded at Rs.3,150 per gram by the end of the week.
July ‘16 - Week 5 (25th to 31st)
- This week was more steady for gold prices. Gold traded at Rs.3,150 per gram on 25th July.
- The prices fluctuated a bit but rose to Rs.3,170 per gram and stayed steady through the rest of the week.
- Anticipation of a U.S. Federal Reserve hike was looming which could mean lower gold prices.
|1st June rate||Rs.2,915|
|30th June rate||Rs.3,130|
|Highest rate in June||Rs.3,175 per gram on 27th June|
|Lowest rate in June||Rs.2,915 per gram 1st June|
Jun'16 - Week 1 (1st to 4th)
- Gold opened at Rs.2,915 per gram which was also the lowest price for the month of June.
- There was a minor increase in price on the 2nd wherein gold was priced at Rs.2,920 and this rate was maintained until the 3rd.
- Prices increased even further on the 4th to touch Rs.2,960 which was the highest rate for the month.
- Although the changes were minor, an increase was seen in the price of gold as the week progressed.
Jun'16 - Week 2 (5th to 11th)
- The rate of gold was quite steady during the first half of the second week with very minor fluctuations.
- The rate of gold hovered between Rs.2,960 to Rs.2,965 until the 7th.
- There was a minor increase noted in the price of gold on the 8th wherein the price of gold was Rs.2,957 per gram.
- The rate of gold was Rs.2,995 on the 9th after which gold rates touched Rs.3,000 mark.
- On the last day of the week, gold was priced at Rs.3,035 per gram.
Jun'16 - Week 3 (12th to 18th)
- Continuing from the last week, the rate of gold was Rs.3,035 per gram on the first day of the week and this was maintained until the 13th.
- There was a slight increase in the price of gold on the 14th wherein the price of gold was Rs.3,050 per gram.
- The following days saw even more of an increase in prices with the price of gold touching Rs.3,100 on the 16th and increased even further from there.
- Gold closed at Rs.3,085 per gram on the 18th which was a minor decrease as compared to the previous two days.
Jun'16 - Week 4 (19th to 25th)
- Gold opened at Rs.3,085 per gram on the 19th, which was the same as the last day of the previous week.
- Rate slightly increased on the 20th and steadied at Rs.3,085 per gram on the 21st and 22nd of the month.
- The price of gold decreased slightly on the 23rd before reaching the highest price for the month which was Rs.3,200 per gram on the 24th of June.
- Gold closed at Rs.3,150 per gram on the 25th which was a slight decrease from the previous day.
Jun'16 - Week 5 (26th to 30th)
- The price of gold in the final week of the month was still relatively high as compared to the other weeks.
- Gold opened at Rs.3,150 per gram and increased by Rs.25 the next day.
- On the final day of the month, gold was priced at Rs.3,130 per gram.
|1st May rate||Rs.3,070|
|31st May rate||Rs.2,895|
|Highest rate in May||Rs.3,080 on the 7th and 8th of May|
|Lowest rate in May||Rs.2,895 on the 30th and 31st of May|
|Overall performance||Loss / Negative|
May'16 - Week 1 (1st to 7th)
- Gold rates remained constant at Rs.3,070 for the first three days of the week after which they declined by Rs.18 to Rs.3,052 on the fourth day of trading.
- Prices increased by Rs.3 to Rs.3,055 on the 5th and then declined by Rs.10 to Rs.3,045 on the 6th of the month.
- The last day of the week saw gold rates rise by Rs.35 to Rs.3,080.
- In comparison with the first day of the week, prices increased by Rs.10 during the first seven days of May 2016.
May ‘16 - Week 2 (8th to 14th)
- Gold rates remained unchanged on the first day of the second week and prices were recorded at Rs.3,080 on the 8th of May.
- A decline by Rs.20 on the second day of the week saw prices fall to Rs.3,060 and they remained unchanged for another day.
- Prices fell by Rs.25 on the fourth day of the week and stood at Rs.3,035 after which a further decline of Rs.10 saw prices touch Rs.3,025 on the 12th of May.
- Subsequent increases of Rs.10 each on the following two days saw gold close the week at Rs.3,045 per gram.
- The overall decline in rates from the start of the week to the end of the week was Rs.35.
May ‘16 - Week 3 (15th to 21st)
- An increase of Rs.8 was recorded on the first day of the third week of May and prices remained stable at Rs.3,053 on the 15th and 16th of May.
- Prices then fell by Rs.15 to Rs.3,038 on the 17th after which an increase of Rs.7 on the 18th saw prices rise to Rs.3,045.
- Rates fell by Rs.25 on the 19th and settled at Rs.3,020, followed by a decline of Rs.5 which saw prices remain stable at Rs.3,015 for the last two days of the week.
- Gold prices declined further at the end of the week in comparison with the first day of the week, albeit by just Rs.30.
May ‘16 - Week 4 (22nd to 31st)
- Gold prices were recorded at Rs.3,015 on the 22nd of May and consistent declines over the next few days saw prices drop to Rs.2,925 on the 27th.
- Prices remained stable at Rs.2,925 between the 27th and 29th of the month, after which a further decline of Rs.30 saw prices reach their lowest level during the month and settle at Rs.2,895 on the last two days of May.
- The overall decline in prices between the first and last day of the month was Rs.175.
|1st April rate||Rs 2,905|
|30th April rate||Rs 3,070|
|Highest rate in April||Rs 3,070 on 30th|
|Lowest rate in April||Rs 2,880 on 4th|
|% Change||+ 5.67%|
Apr ‘16 - Week 1 (1st to 3rd)
- He month began on a slow note for gold, with investors adopting a wait and watch strategy on the back of anticipated statements over a Federal rate change.
- Gold traded at Rs 2,905 on 1st, dropping marginally over the week.
- Prices fell by Rs 20 on 3rd, as gold trading at Rs 2,885 to end the week on a loss.
Apr ‘16 - Week 2 (4th to 10th)
- An overall increase in rates was observed over the week.
- Gold traded at Rs 2,880 on 4th, marginally gaining momentum.
- Strong global cues aided gold rates in the city.
- The week ended with gold trading at Rs 2,940 on 10th, showcasing an overall gain of Rs 60.
Apr ‘16 - Week 3 (11th to 17th)
- Gold rates fluctuated over the weak, mimicking international trends.
- Gold traded at Rs 2,945 on 11th, peaking at Rs 2,955 on 12th.
- This strong start was negated by losses, with gold rates falling over the rest of the days.
- The week ended with gold trading at Rs 2,950, a minor gain observed.
Apr ‘16 - Week 4 (18th to 24th)
- Rate fluctuation continued into the fourth week, as international trends had a strong local impact.
- The week began with gold trading at Rs 2,955.
- Both gains and losses were observed over this period, with prices dropping to Rs 2,945 on 19th.
- Prices got a boost towards the end of the week, as a weak US dollar pushed prices to Rs 2,980 on 22nd.
Apr ‘16 - Week 5 (25th to 30th)
- The week started on a low, with prices falling to Rs 2,960 on 25th.
- Demand for gold increased over the next few days, pushing up prices.
- Gold traded at Rs 3,038 on 29th and Rs 3,070 on 30th, ending the month on a strong note.
|1st March rate||Rs 2,975|
|31st March rate||Rs 2,900|
|Highest rate in March||Rs 2,991 on 2nd|
|Lowest rate in March||Rs 2,870 on 28th|
Mar'16 - Week 1 (1st to 6th)
- The month began with gold rates under Rs 3,000.
- Jewellers in the city joined nationwide protests against a proposal to hike excise duty on gold.
- This impacted gold markets in the city, with minor rate changes observed in the week.
- Prices went to a high of Rs 2,991 on 2nd before falling to Rs 2,975.
Mar'16 - Week 2 (7th to 13th)
- Protests continued into the second week.
- Rates fell marginally, as gold traded at Rs 2,968 till the 10th.
- Prices increased to Rs 2,973 before falling to Rs 2,926.
Mar'16 - Week 3 (14th to 20th)
- Prices went up to Rs 2,938 on 15th.
- A drop was witnessed on 16th, as rates fell to Rs 2,894.
- Rates increased to Rs 2,926 before falling to Rs 2,908 to end the week.
Mar'16 - Week 4 (21st to 27th)
- Prices went up to Rs 2,935 on 21st, before dropping to Rs 2,920.
- Rates further fell to Rs 2,874 on 24th.
- Gold rates picked up through the next three days, ending the week at Rs 2,910.
Mar'16 - Week 5 (28th to 31st)
- The last week witnessed gold rates appreciating.
- Prices went up gradually from Rs 2,882 on 28th.
- The month ended with gold trading at Rs 2,900.
- Also Check:Today's Gold Rate in Panaji