|Parameters||Gold Price(24 karat)|
|August 1 Rate||Rs.3,003 per gram|
|August 31 Rate||Rs.3,056 per gram|
|Highest Rate in August||Rs.3,056 per gram on 30 & 31 August|
|Lowest Rate in August||Rs.2,979 per gram on 7 August|
|Overall Monthly Performance||Incline|
August ‘17- Week 1 (1st to 6th)
- August began with gold rate in Jaipur at Rs.3,003 per gram as demand for the yellow metal was steady and consistent.
- In spite of the dollar rate being quite low, there was no change in the price of gold till the middle of the week.
- Demand fell slightly as gold traded at Rs.2,998 per gram on 4 August, with poor local demand being attributed as a reason.
- There was no change in price as gold ended the week trading at Rs.2,998 per gram on 6 August.
August ‘17- Week 2 (7th to 13th)
- Gold price in Jaipur remained constant as the second week began due to sluggish demand from both domestic and overseas buyers.
- Gold traded at Rs.2,979 per gram on 7 August as investors reduced trading in the metal and international demand was also muted.
- Prices picked up towards the middle of the week, with gold rising to Rs.3,002 per gram on 9 August after a minor dip in the dollar rate sparked interest in bullion.
- Prices spiked to Rs.3,032 per gram on 22 August as the threat of war with North Korea sent U.S. markets spiralling downwards.
- Demand did not change as the week ended, with gold trading at Rs.3,032 per gram on 13 August.
August ‘17- Week 3 (14th to 20th)
- Gold rate in Jaipur fluctuated in the third week as volatile markets and wildly disparate changes in the dollar rate impacted demand for gold.
- The yellow metal opened the week at Rs.3,032 per gram on 14 August before rising to Rs.3,046 per gram on 15 August.
- Local demand also rose briefly and kept the price steady for a day.
- Gold price in Jaipur dipped to Rs.3,022 per gram on 17 August as the dollar rate rebounded on positive trends.
- Demand for bullion due to political instability and regional turmoil led to gold rising to Rs.3,053 per gram on 19 & 20 August.
August ‘17- Week 4 (21st to 27th)
- Gold price in Jaipur continued to fluctuate due to sharp shifts in demand, with gold opening the week at Rs.3,053 per gram on 21 August.
- Prices dipped briefly to trade at Rs.3,048 per gram on 23 August but recovered the next day as overseas industrial units increased demand.
- Gold prices remained constant for the rest of the week, trading at Rs.3,053 per gram from 24-27 August as there was minimal trade in the metal.
August ‘17- Week 5 (28th to 31st)
- The last week saw gold prices fall sharply, trading at Rs.3,021 per gram on 29 August following poor demand from local retail and industrial sectors.
- Prices rose to Rs.3,056 per gram on 30 August as the economic impact of a weakening dollar and increased tensions with North Korea led to higher demand for bullion.
- The month ended with gold priced at Rs.3,056 per gram on 31 August as the metal gained 1.76% in value over the month.
|Parameters||Gold Price(24 karat)|
|July 1 Rate||Rs.3,063 per gram|
|July 31 Rate||Rs.3,003 per gram|
|Highest Rate in July||Rs.3,079 per gram on 2 July|
|Lowest Rate in July||Rs.2,917 per gram on 11 July|
|Overall Monthly Performance||Decline|
July 2017 - Week 1 (1st to 9th)
- When trading began in Jaipur for July, gold prices were recorded at Rs.3,063 per gram.
- The 2nd saw gold rate in Jaipur, reach a monthly high of Rs.3,079 per gram as local demand surged considerably.
- There was a sudden and significant dip in rates, however, on the 3rd as they went down to Rs.3,016, marking a Rs.63 decline in a single day.
- This drastic change could be chalked up to the introduction of GST and the market’s reaction to the same.
- As investors remained cautious, gold price in Jaipur remained at Rs.3,016 for the rest of the week, till the 9th of July.
July 2017 - Week 2 (10th - 16th)
- Rates further dropped to Rs.2,993 per gram on the 10th as an unexpected positive US job data hit the market.
- Gold trading tanked massively on the 11th as it went down to Rs.2,917 per gram on the 11th as it went down by Rs.76 per gram.
- After hitting a monthly low on the 11th, prices increased marginally over the remaining days of the week.
- On the 12th, the yellow metal was trading at Rs.2,919 per gram - a rate which continued till the 15th of July as the market stabilised.
- Gold price in Jaipur went up to Rs.2,932 per gram on the last day of July week 2 as conflict between the US and North Korea led to dollar losing sheen.
July 2017 - Week 3 (17th - 23rd)
- Overnight trading cues made sure that gold price in Jaipur opened at Rs.2,937 per gram on the 17th of July.
- Rates remained at Rs.2,937 per gram on the 18th and the 19th of July due to sustained buying from local jewellers.
- Sensing some turbulence between India and China, gold rates surged to Rs.2,965 per gram on the 20th of July as people resorted to safe-haven investments.
- Gold rate in Jaipur went up to Rs.2,977 per gram on the 21st, thanks to sustained buying from jewellers in the city.
- On the last day of July week 3, gold prices surged significantly to end at Rs.3,024 per gram.
July 2017 - Week 4 (24th - 31st)
- Gold demand remained more or less stable during the last week of July 2017.
- On the 24th of July, gold was priced at Rs.3,024 per gram - which went down to Rs.2,999 per gram on the 25th due to a strengthening dollar.
- Price of gold in Jaipur remained unchanged on the 26th before increasing to Rs.3,003 per gram on the 27th of the month.
- For the remaining days of the month, gold rates remained at Rs.3,003 per gram, thanks to continued buying from jewellers in the city.
- Overall, the sudden fall in demand in the initial days of the month led to gold price trends in Jaipur falling by 1.95%.
|Parameters||Gold Price(24 karat)|
|June 1 Rate||Rs.3,065 per gram|
|June 30 Rate||Rs.3,063 per gram|
|Highest Rate in June||Rs.3,099 per gram from 7-10 June|
|Lowest Rate in June||Rs.3,047 per gram from 2-6 June|
|Overall Monthly Performance||Decline|
June ‘17- Week 1 (1 to 4)
- The gold price in Jaipur was on the decline in the first week of June as markets were stable and the U.S. dollar was on the ascent.
- Gold was priced at Rs.3,065 per gram on 1 June though prices fell to Rs.3,047 per gram on 2 June.
- Prices remained constant till the end of the week due to stagnant demand from local jewellers.
- Gold ended the week trading at Rs.3,047 per gram on 4 June as international demand was on the decline, which also led to a reduction in domestic demand.
June ‘17- Week 2 (5 to 11)
- There was a jump in price in the second week of June due to increased demand following a period of market instability.
- Gold opened the week trading at Rs.3,047 per gram on 5 June but rose to Rs.3,099 per gram on 7 June due to a fluctuation in the markets, which led to an increased demand for the yellow metal.
- Prices were steady till 10 June due to consistent demand from the overseas industrial sector before falling to Rs.3,064 per gram on 11 June.
June ‘17- Week 3 (12 to 18)
- The third week of June saw the price of gold fluctuate towards the middle of the week as international markets recovered on positive news from the U.S. stock markets.
- Gold was priced at Rs.3,064 per gram on 12 June, remaining unchanged from the previous week due to stable demand from both local as well as international markets.
- The implementation of GST and its impact on the Indian economy led to minor fluctuations in stock prices, but these did not have much of a bearing on the gold price in Jaipur.
- Gold fell towards the middle of the week, trading at Rs.3,050 per gram on 16 June due to a dip in demand from jewellers as well as lowered retail demand.
- The week ended on 18 June with gold continuing to trade at Rs.3,050 per gram.
June ‘17- Week 4 (19 to 25)
- The week began with gold prices remaining constant from the previous week, trading at Rs.3,050 per gram on 19 June.
- There was no change in the price in spite of fluctuating markets as higher demand from both international and domestic markets kept gold prices stable.
- Jewellers increased demand in the run-up to GST being implemented even though overseas demand was slightly muted due to a rising U.S. dollar.
- Overseas demand rose marginally as the week ended, but the gold rate was not impacted, resulting in gold trading at Rs.3,050 per gram on 25 June.
June ‘17- Week 5 (26 to 30)
- The last week saw no change in the price of gold as demand was stagnant.
- Gold price in Jaipur was at Rs.3,050 per gram on 26 June and the price remained constant till 29 June on the back of renewed demand from both retail and industrial sectors in India.
- Expecting favourable U.S. jobs data, international markets were on the rise, which led to reduced demand from those sectors.
- Asian demand was also muted due to ongoing political crises in the region, though there were signs of an improvement in industrial demand towards the end of the week.
- Gold rate in Jaipur rose to Rs.3,063 per gram on 30 June as markets dropped sharply before the implementation of GST.
|Parameters||Gold Price(24 karat)|
|May 1st Rate||Rs.3,058 per gram|
|May 31st Rate||Rs.3,065 per gram|
|Highest Rate in May||Rs.3,065 per gram on the 31st of May|
|Lowest Rate in May||Rs.2,976 per gram on 11th and 16th May|
May 2017 - Week 1 (1st-7th):
- When the month of May started, gold was priced at Rs.3,058 per gram - which was comparatively low compared to the last two weeks of April.
- Gold rates took a hit during this week as stock prices rose and subsequently so did the US dollar.
- Despite not seeing too much of a drop over the first couple days, gold prices were heading for a significant low as US dollar strengthened.
- On 2nd, gold prices went up to Rs.3,061 per gram as there was a tiny bit of demand for the precious metal.
- After seeing little to no change on the 3rd and the 4th, gold prices slumped massively on the 5th to hit Rs.3,001 per gram on the 5th - a whopping Rs.60 decrease.
- The fall as seen on the 5th was the single largest per-day gold price fall since the November of 2016, which was brought about due to low demand in various European markets.
- On 6th, gold prices went down by Re.1 to Rs.3,000 per gram and remained unchanged when the week came to an end on the 7th.
May 2017 - Week 2 (8th-14th):
- When the second week of May began, gold prices remained largely firm around Rs.3,000 range as Emmanuel Macron emerged victorious in the French presidential elections.
- If Macron had been defeated, possibility of France exiting the EU would have surfaced, which would have led to a stock market meltdown.
- On the 8th of May, gold was priced at Rs.3,000 per gram. This rate sustained till the end of the 10th as French election results stabilised the market and thereby the demand for gold.
- The 11th, however, saw prices dip to a monthly low of Rs.2,976 per gram as a relatively stable global outlook brought demand for the metal down.
- Rates remained at the same level till the end of the week i.e., the 14th at Rs.2,976 per gram as bullion demand was at its sluggish best.
May 2017- Week 3 (15th - 21st):
- When the third week of May began - on the 15th - gold was still priced at Rs.2,976 per gram.
- But, prices rose over the subsequent days as retail sales dipped in the US, which led to a drop in the US dollar.
- On the 16th, gold was trading at Rs.2,997 per gram - a Rs.21 increase from the previous day’s prices.
- Gold prices went up again on the 17th to reached Rs.3,029 per gram as rumours that Federal Reserve might possibly increase the interest rate two more times this year.
- However, demand sustained over the next few days to keep gold prices at Rs.3,029 per gram.
- When the week came to an end, gold was still trading at Rs.3,029 per gram.
May 2017 - Week 4 (22nd - 28th):
- The fourth week of May witnessed some price fluctuations as there was no stable demand for the precious metal.
- When trading began on the 22nd, gold was priced at Rs.3,043 per gram which trickled onto the 23rd as well.
- The 24th, however, saw prices slump slightly down to Rs.3,035 per gram and continue at the same rate on the 25th.
- Prices went up to Rs.3,050 per gram - a Rs.15 increase - which came as a breather, thanks to a weakened dollar.
- Rates didn’t change for the next two days as there was little to no demand till the end of the week.
May 2017 - Week 5 (29th - 31st):
- Buoyed by a fall in the US dollar rate, gold prices started the 29th at Rs.3,060 per gram as it inclined by Rs.10 from the previous day.
- The next day, i.e., the 30th saw no change in prices as demand didn’t change much due to a stable market.
- However, the last day of May saw prices go up slightly to Rs.3,065 per gram to end the month on a relatively high note.
- Gold rates in Jaipur inclined at a marginal rate of 0.22% for the month of May.
|Parameters||Gold Price(24 karat)|
|April 1st Rate||Rs.3,043 per gram|
|April 30th Rate||Rs.3,058 per gram|
|Highest Rate in April||Rs.3,118 per gram from 14th April to 16th April|
|Lowest Rate in April||Rs.3,038 per gram on 10th and 11th April|
April ‘17 - Week 1 (1st to 9th)
- Gold traded at Rs.3,043 per gram on the 1st of April in Jaipur. This rate was steady until the 4th of April on account of dovish tone regarding rate of interest from the U.S. Federal Reserve along with sluggish economic data from the U.S.
- The rate of gold increased on the 5th of April marginally to trade at Rs.3,064 per gram due to increased demand for this precious metal from international as well as domestic markets. This rate was noted the next day as well.
- However, this demand could not be sustained and gold rate reduced to trade at Rs.3,060 per gram from the 7th of April until the end of the 1st week of the month.
April ‘17 - Week 2 (10th to 16th)
- There were a few variations noted in the price of gold as the month progressed, due to fluctuations in demand.
- Gold traded at a monthly low of Rs.3,038 per gram on the 10th and 11th of April due to a higher dollar value. However, as numerous geopolitical issues increased the safe-haven demand for this metal, the value of gold gradually increased as the week progressed.
- Gold was priced at Rs.3,050 per gram on the 12th of April and increased to trade at Rs.3,092 per gram on the 13th.
- Between the 14th to the 16th, gold traded at Rs.3,118 per gram which was the highest at which this metal was priced for the month of Apri.
April ’17- Week 3 (17th to 23rd)
- The demand for this metal could not be sustained and the rate of gold reduced marginally to Rs.3,117 per gram from the 17th of April. This rate was also noted on the 18th of April.
- As the week progressed, the rate of this metal continued to reduce although the variation was not very drastic.
- Gold was priced at Rs.3,113 per gram from the 19th of April until the end of the week due to sustained demand from jewellers. Due to a rise in the value of the rupee on the 20th, gold buyers were presented with a good opportunity to purchase this metal.
April ’17- Weeks 4 (24th to 30th)
- On the 24th of April, gold traded at Rs.3,097 per gram and then reduced by Rs.10 the next day to trade at Rs.3,087 per gram and was steady at this price on the 26th of April as well.
- The rate of gold plunged to Rs.3,058 per gram on the 27th as Emmanuel Macron, a centrist candidate won the first round of the French Presidential election, thus boosting the prices of stocks.
- Gold continued to trade at Rs.3,058 per gram until the 30th of April recording a incline of 0.49% in the price of gold as compared to the beginning of the month.
|Parameters||Gold Price(24 karat)|
|March 1st Rate||Rs.3,080 per gram|
|March 31st Rate||Rs.3,029 per gram|
|Highest Rate in March||Rs.3,080 per gram on 1st and 2nd March|
|Lowest Rate in March||Rs.2,974 per gram from 15th to 17th of March|
March ‘17 - Week 1 (1st to 5th)
- Gold price opened at Rs.3,080 per gram on the 1st of March in Jaipur due to high demand for this precious metal.
- This rate was maintained the next day as well on account of steady demand. This was also the highest at which gold traded for the month of March.
- However, the rate of gold in Jaipur fell marginally the next day due to slight recovery in the rate of the U.S. Dollar to trade at Rs.3,056 per gram.
- This rate was noted until the end of the first week of March due to steady demand.
March ‘17 - Week 2 (6th to 12th)
- Gold price in Jaipur was steady at Rs.3,056 per gram on the 6th and 7th of March before rising to Rs.3,062 per gram on the 8th of March.
- However, this price could not be sustained on account of a reduction in demand and hence the rate of gold fell to Rs.3,044 per gram on the 9th of March. Rate of gold was steady at Rs.3,044 per gram on the 10th as well.
- As the week progressed, price of gold continued to fall to trade at Rs.3,023 per gram on the 11th of March.
- There were no other variations noted in gold rate for the rest of the week as gold rate continued to trade steadily at Rs.3,023 per gram until the end of the week.
March ’17- Week 3 (13th to 19th)
- Rate of gold in Jaipur was Rs.3,023 per gram which was a continuation of the price seen during the end of the second week of March.
- On the 15th of March demand for gold fell to an all-time low resulting in the reduction of gold rate. This precious metal traded at Rs.2,974 per gram on the 15th and was steady at this rate until the 17th of March.
- On the 18th, rate of gold recovered to trade again at Rs.3,023 per gram and stayed steady at this rate until the end of the week.
March ’17- Week 4 (20th to 26th)
- On the 20th of March, gold rate in Jaipur was Rs.3,028 per gram which was a marginal recovery from that of the previous week’s prices.
- However, this rate could not be sustained and the rate of gold fell by Rs.10 the next day to trade at Rs.3,018 per gram.
- A recovery in demand for this precious metal and positive cues from markets abroad resulted in the rate of gold shooting up to Rs.3,060 per gram.
- There were minor variations noted in the rate of gold during the fourth week of March.
- Rate of gold fell by Rs.10 the next day to trade at Rs.3,050 per gram and stayed steady at this price until the end of the week.
March ’17- Week 5 (27th to 31st)
- There was a marginal recovery noted in the rate of gold on the 27th of March wherein this precious metal traded at Rs.3,065 per gram before falling to Rs.3,060 per gram on the 28th of March.
- Rate of gold fluctuated between Rs.3,045 per gram to Rs.3,049 per gram between the 29th and 30th of March.
- Demand for gold could not be sustained resulting in gold trading at Rs.3,029 per gram which was a decline of 1.65% as compared to the rate noted at the beginning of the month.
|Parameters||Gold Price(24 karat)|
|February 1st Rate||Rs.3,035 per gram|
|February 28th Rate||Rs.3,095 per gram|
|Highest Rate in February||Rs.3,101 per gram from 25th-27th February|
|Lowest Rate in February||Rs.3,034 per gram on 1st & 2nd February|
February ‘17 - Week 1 (1st to 5th)
- The price of gold in Jaipur was more or less constant in the first week of February as demand was muted due to flat local demand.
- Gold was priced at Rs.3,035 per gram on 1st February, with the price rising to Rs.3,038 per gram on 2nd February.
- International trends reflected an increase in the price of gold due to continuing market volatility over the U.S. Fed Reserve meeting, but prices in Jaipur remained low.
- Gold prices fell to Rs.3,034 per gram on 4th February as local demand slid, with the price remaining unchanged till the end of the week.
- Gold prices fell by Re.1 per gram in the first week.
February ‘17 - Week 2 (6th to 12th)
- The second week saw a jump in price due to an increase in industrial demand, with gold trading at Rs.3,044 per gram on 6th February.
- The price of gold rose significantly, trading at Rs.3,075 per gram on 7th February as markets were shaken by geopolitical moves in the United States of America.
- Prices fell slightly as the U.S. Dollar picked up pace, trading at Rs.3,068 per gram on 11th February.
- Prices dipped further as the week ended, with gold trading at Rs.3,048 per gram on 12th February due to a sudden dip in demand.
February ’17- Week 3 (13th to 19th)
- Prices in the third week of February fluctuated due to continued instability as a result of political policy decisions rattling U.S. markets.
- Gold was priced at Rs.3,044 per gram on 13th February, with the price remaining unchanged till the middle of the week.
- The price rose marginally to Rs.3,045 per gram on 16th February before climbing to Rs.3,070 per gram as the U.S. Dollar plunged due to continued short-trading.
- Prices remained constant as local demand was stagnant and international demand was also muted.
- Gold ended the week trading at Rs.3,070 per gram on 19th February, recording a Rs.26 per gram increase in price over the week.
February ’17- Weeks 4 & 5 (20th to 28th)
- Prices were unchanged as the fourth week began, before prices rose due to an increase in industrial demand.
- Gold was priced at Rs.3,070 per gram from 20th-24th February as prices did not change due to minimal increases in demand.
- Gold reached a monthly high of Rs.3,101 per gram on 25th February as U.S. markets fell on the possibility of a renewed travel ban and its impact on the economy.
- Gold prices stayed high till 27th February, before falling to close the month at Rs.3,095 per gram on 28th February, recording a 1.97% increase in gold prices during the month.
|Parameters||Gold Price(24 karat)|
|January 1st Rate||Rs.2,893 per gram|
|January 31st Rate||Rs.3,017 per gram|
|Highest Rate in January||Rss.3,060 per gram on 23rd and 24th of January|
|Lowest Rate in January||Rs.2,841 per gram on 10th and 11th of January|
January ‘17 - Week 1 (1st to 7th)
- Gold traded at Rs.2,893 per gram on the first day of the new year due to a reduction in demand for gold throughout the country and overseas. This price was constant until the next day.
- There was a marginal reduction in the rate of gold as the week passed to Rs.2,888 per gram. This rate was steady until the 5th of January.
- However, during the last two days of the week, there was a marginal increase noted in the rate of gold.
- On the last day of the week, gold traded at its highest for the first week of january at Rs.2,973 per gram for 24 karat gold.
- Increase in demand could be attributed to the rise in gold rate.
January ‘17 - Week 2 (8th to 14th)
- Continuing from the previous week, the rate of gold was Rs.Rs.2,937 per gram from the 8th of January until the 9th of January.
- Price of gold slightly reduced the next day to trade at Rs.2,841 per gram on the 10th and 11th of January due to fluctuating demands.
- There was a marginal rise noted in the rate of gold over the next few days wherein the rate of gold was steady at Rs.2,990 per gram.
- Rumours of U.S Fed rate hike kept the market on its toes and led to a lot of market fluctuations.
January ’17- Week 3 (15th to 21st)
- Gold rates continued to soar, as market conditions and higher demand led to investors taking an interest in the metal.
- The price of gold was Rs.2,990 per gram on the 15th but rose up to Rs.3,023 per gram the next day.
- Rate of gold was was Rs.3,034 per gram on the 17th and stayed steady at this rate until 20th of January.
- Price of gold reduced by Rs.3,024 per gram the next day on the 21st of January which was also the end of week 3.
- Consistent demand from the industrial sector as well as higher trading in gold bonds kept prices steady for the rest of the week.
- The upcoming handover of the presidency in the United States and uncertainty over policy changes led markets to dip.
January ’17- Weeks 4 & 5 (22nd to 31st)
- The last two weeks of January saw fluctuations in the price of gold due to market and political factors.
- Gold was priced at Rs.3,024 per gram on 22nd January.
- The rate of gold shot up to Rs.3,060 per gram which was the highest rate at which gold traded during the month of January in Jaipur.
- Domestic demand was also high, as demand from the industrial sector rose.
- Gold dropped to Rs.3,029 per gram on 28th January as the executive order banning immigration from certain countries to the United States was announced which had an impact on the market.
- Gold closed at Rs.3,017 per gram on the last day of January noting a rise of 4.28% in the rate of gold.
|December 1st Rate||Rs.2,963 per gram|
|December 31st Rate||Rs.2,893 per gram|
|Highest Rate in December||Rs.2,963 per gram on the 1st and 2nd|
|Lowest Rate in December||Rs.2,825 per gram on the 22nd and 23rd|
December Week 1 (1st - 4th):
- Pink city Jaipur’s gold trend was rather similar to other tier-1 cities along north-west India.
- The first week of December witnessed gold prices hit a high point which the rest of the weeks couldn’t match.
- Due to demonetisation and unavailability of liquid cash, gold sales weren’t hitting the expected numbers compared to other Christmas/New Year periods.
- On 1st and 2nd, gold traded at Rs.2,963 per gram, the highest gold rate for the entire month of December.
- The 3rd saw prices decrease by Rs.5 to hit Rs.2,958 per gram. The same rate continued until the end of the 4th as well.
December Week 2 (5th-11th):
- When the second week of December began, the yellow metal was still trading at the same price as that was seen on the 4th, at Rs.2,958 per gram.
- Gold prices remained the same on the 5th and also till the closing hours on the 6th.
- On 7th, however, gold prices dipped significantly by Rs.34 to hit Rs.2,928 per gram and increased by just Re.1 to trade at Rs.2,927 per gram on the 8th.
- The 9th saw prices decrease further down to trade at Rs.2,918 per gram - a Rs.9 per gram change.
- Prices remained the same as the 9th on 10th and till the closing hours of the week on the 11th.
December Week 3 (12th-18th):
- When trading began for the third week on the 12th, gold was still trading at Rs.2,918 per gram, same as on the 11th.
- On 13th, due to lack of demand in terms of purchases, prices decreased further as gold traded at Rs.2,903 per gram.
- The same price trend from the 13th continued on till the closing house of the 16th.
- 17th of the month saw prices fall significantly by Rs.57 per gram to hit Rs.2,846 per gram.
- At the time of closing on the 18th, gold prices held on at Rs.2,846 per gram.
December Week 4 (19th- 25th):
- On 19th when trading began, gold prices were holding steady at Rs.2,846 per gram.
- The 20th and 21st too saw gold trading at the same rate as was seen on the 19th, i.e, Rs.2,846 per gram.
- The 22nd and 23rd saw gold prices reach their lowest for the month as the metal traded at Rs.2,825 per gram.
- Rates, however, picked up slightly courtesy of Christmas and New Year.
- On Christmas eve day, gold prices increased by Rs.25 and traded at Rs.2,850 per gram. This rate continued on till the 25th - the day of Christmas.
December Week 5 (26th - 31st):
- Christmas seemed to increase the prices by a small margin, however as the festival ended, gold prices plummeted to trade at Rs.2,835 per gram - a decrease of Rs.15 per gram.
- As one festival ended another was catching on. With new year approaching, the 27th saw a sudden increase in price as gold began to trade at Rs.2,851 per gram - a Rs.16 increase.
- On the 28th and 29th, gold prices climbed up furthermore to trade at Rs.2,876 per gram, a Rs.25 per gram increase.
- Gold prices surged on the second last day of 2016 as prices increased again for gold to trade at Rs.2,903 per gram.
- As the year drew to a close on the 31st, gold prices dipped and traded at Rs.2,893 per gram.
- Although gold price trend didn’t witness as bad a situation as the previous month, prices still went down by a smaller margin.
- Overall, gold price trend for December saw a decline of -2.38% in pink city Jaipur, despite two major festivals - Christmas and New Year’s - were on toe.
|1st Day||Rs.3,199 per gram|
|Last Day||Rs.3,012 per gram|
|Highest Price||Rs.3,252 per gram on 3rd November|
|Lowest Price||Rs.2,981 per gram on 25th November|
November ‘16 – Week 1 (1st-6th)
- Gold traded at Rs.3,199 per gram on 1st November, with the price staying constant until the next day
- An increase in demand led to a hike in prices the next day, with gold rate reaching Rs.3,252 per gram on the 3rd.
- This increase in rate was maintained until the end of the week.
- Rs.3,252 per gram was also the highest rate of gold during the month of November.
November ’16- Week 2 (7th-13th)
- There was a minor decline noted in the price of gold in the second week of November.
- Prices dropped down to Rs.2,234 per gram and declined further thereafter.
- This could be attributed to a decline in gold prices due to increase in market strength.
- Rate of gold declined even further with the precious metal closing at Rs.3,175 per gram on the last day of the week. The second week saw prices improve marginally, with gold trading at Rs.3,030 per gram on 10th November.
November ’16- Week 3 (14th-20th)
- Gold was priced at Rs.3,175 per gram on 8th of November and this rate was maintained until the 18th.
- Prices remained stable to due a sustained albeit slightly low demand.
- There was a further decline noted in the rate of gold on the 19th.
- Decline in gold rates could be attributed to the recent demonetization ruling.
November ’16- Week 4 (21st-27th)
- Low rates of gold was maintained until the 22nd of November.
- There were very minor fluctuations noted during the week.
- Gold traded at Rs.2,981 per gram which was the lowest rate at which the precious metal was priced at, for the month of November.
- This rate was sustained the next day as well, after which a slight increase was noted in the price of gold.
November ‘16 – Week 5 (28th-30th)
- Gold traded at Rs.3,021 per gram on 28th of November, after which prices declined again.
- On the 29th, gold traded at Rs. 3,012 per gram.
- Gold rate closed at Rs.3,012 per gram on the last day of the month.
- There was a decline of 5.84% in the rate of gold as compared to the beginning of the month.
|Highest Price||Rs.3,304 on 1st October|
|Lowest Price||Rs.3,157 from 7th October to 13th 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.3,304 on the 1st of October.
- Prices fell to Rs.2,373 on the 2nd and remained stable until the 4th, after which they declined on the following two days as well.
- Prices declined again on the 7th and were recorded at Rs.3,157 until the end of the week.
October 2016 – Week 3 (10th to 16th)
- Gold rates grew stronger this week as prospects of the U.S. Fed rate hike moved at a slow pace.
- The price of gold per gram did not change from the closing levels of the previous week and prices stood at Rs.3,157 until the 13th of the month.
- Rates then increased by Rs.5 on the 14th and remained unchanged at Rs.3,162 until the close of the week.
- In comparison with the previous week, gold prices increased by Rs.5 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 remained constant at Rs.3,162 throughout the week.
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.
- Although there was no change in rates on the first day of the week, prices rose to Rs.3,189 on the 26th of October and remained stable until the 29th.
- On the 30th of October, prices hit Rs.3,199 and remained stable for another day to close the month at the same rate.
- The overall decline in prices between the first and last day of October was 3.18%.
|1st Day||Rs.3,245 per gram|
|Last Day||Rs.3,304 per gram|
|Highest Price||Rs.3,304 per gram from 27th to 30th September.|
|Lowest Price||Rs.3,245 per gram on 01st and 02nd of September.|
September '16 - Week 1 – (01st to 04th)
- On 01st September, 24K gold traded at Rs.3,245 per gram.
- On 01st and 02nd of September the lowest gold rate was recorded when gold traded at Rs.3,245 per gram.
- A slight increase in gold rates was noted on 03rd September when the yellow metal traded at Rs.3,255 per gram.
- The increase in gold prices was mainly due to the interest displayed by the local traders and jewellers.
- Gold closed at Rs.3,255 per gram.
September '16 - week 2- (05th to 11th)
- Though the yellow metal didn’t do well in the international market, demand from the domestic market kept the gold rates stable in India.
- Fed rate hike speculation led to decrease in gold rates overseas.
- In Jaipur, gold opened at Rs.3,255 per gram and remained the same on 06th of September.
- On 07th to 11th September, gold rate slightly increased on account of festive season in India and traded at Rs.3,291 per gram.
September '16 - week 3 (12th to 18th)
- Gold remained stable and continued to trade at Rs.3,291 per gram from 12th to 17th September.
- Overall, gold displayed a constant trend this week as demand from domestic market poured in despite adverse international market conditions.
- Investors expect gold prices to increase as jewellers are gearing up for the upcoming festivals.
- Gold prices fell on 18th of September due lacklustre demand and subdued buying interest.
- Gold closed at Rs.3,274 per gram.
September '16 - week 4 (19th to 25th)
- Gold traded at Rs.3,274 per gram on 19th September.
- On 20th September, gold rates slightly increased and traded at Rs.3,277 per gram.
- Gold rates continued to increase on 23rd September as jewellers increased their gold intake to meet the festive demands.
- Gold prices rose and traded at Rs.3,297 per gram from 23rd to 25th of September.
September '16 - week 5 (26th to 30th)
- Gold prices increased this week as investors shrugged Fed rate hike speculation.
- Fed rate hike was also put aside on account of the upcoming presidential elections in the U.S.
- Gold opened at Rs.3,297 per gram.
- Gold prices increased and hit Rs.3,304 per gram on 27th September which is also the highest gold rate recorded for this month.
- The incline in gold rates is mainly due to the constant demand from the domestic market and favourable international factors.
|First Day||Rs.3,247 per gram|
|Last Day||Rs.3,245 per gram|
|Highest Price||Rs.3,290 on 23rd to 26th August|
|Lowest Price||Rs.3,236 per gram on 8th to 14th|
August '16 - Weeks 1 (1st to 7th)
- Gold traded at Rs.3,247 per gram on 1st August and continued with the same rate for the first half of the week.
- The steady prices are directly related to the sustained demand in the domestic market that poured in on account of the upcoming auspicious festivals.
- Prices started to increase when the U.S. released economic data which indicated a slower growth than expected.
- Gold prices settled at Rs.3,257 per gram, which was an overall increase for this week.
August '16 - Week 2 (8th to 14th)
- Gold rates dipped slightly on 8th to 14th of August, trading at Rs.3,236 per gram. This was the lowest price recorded for the month.
- Prices were stable on account of steady domestic demand.
- In the global market, investors were assured that a Fed rate hike wouldn’t happen any time soon and demand picked up again.
- The week ended with gold trading at Rs.3,254 per gram, but the overall trend for the week was a constant rate.
August '16 - Week 3 (15th to 21st)
- Gold rates started to climb this week as the climate of the domestic and global market was favorable.
- Gold traded at Rs.3,254 per gram on 15th August and climbed to Rs.3,284 per gram on 21st August.
- The trend for this week was an increase of 0.92%
August '16 - Week 4 (22nd to 28th)
- Gold rates remained constant at the beginning of the week, trading at Rs.3,284 per gram.
- Prices rose to Rs.3,290 per gram and the constant trend continued till 26th August.
- Stability ruled the week as the domestic market demand was consistent.
- Towards the end of the week, a firm dollar that seemed to be on the path of gaining more strength led to gold rates dropping.
- Gold prices declined to Rs.3,274 per gram on 27th and 28th August.
August '16 - Week 5 (29th to 31st)
- Gold rates continued to fall as the U.S. economy grew stronger.
- Positive that a rate hike was possible this year, the U.S. Federal Reserve’s confidence did not bode well for gold rates.
- Gold traded at Rs.3,263 per gram on 29th August and fell to Rs.3,245 per gram.
- Through the month, the trend for gold seemed to be an increasing one, but the month closed with a slight decline of 0.06%.
Gold Rate Trend of Jaipur in June 2016
- Gold traded at Rs.2,991 per gram in the beginning of the month on June 1st.
- The price increased to Rs.3,055 per gram on the 4th of June.
- Gold hit the highest for the month on 25th at Rs.3,212 per gram.
- Gold traded at Rs.3,209 per gram on the 30th of June.
|1st July Rate||Rs.3,224 per gram|
|31st July Rate||Rs.3,244 per gram|
|Highest Rate in July||Rs.3,244 per gram on 31st July|
|Lowest Rate in July||Rs.3,207 per gram on 15th July|
|Overall Performance||Increase in price|
|% Change||+0.62% increase|
July'16 - Week 1 (1st to 3rd)
- The price of gold was stable as there was no major fluctuation.
- The recent referendum led to markets falling and demand for gold increased.
- Gold traded at Rs.3,228 per gram at the end of the week.
July ’16- Week 2 (4th-10th)
- Prices rose significantly as domestic demand rose.
- The Dollar strengthened as the week ended, resulting in gold prices falling.
- Prices fell to Rs.3,222 per gram, a fall of Rs.63 from the start of the week.
July'16 - Week 3 (11th to 17th)
- Prices fell as the equity markets made gains due to strong overseas trends.
- Markets in Asia rose, leading to reduced demand for gold.
- Gold traded at Rs.3,218 per gram, recording a drop of Rs.5 from the start of the week.
July '16 - Week 4 (18th to 24th)
- Prices were static during the week as demand was stagnant.
- The resurgent Dollar and strong equity markets led to demand for gold dropping sharply.
- Gold traded at Rs.3,217 per gram as the week ended.
July‘16 - Week 5 (25th to 31st)
- Prices were low as the week began but picked up as markets fell due to poor economic data.
- The Dollar lost ground and Asian markets were also affected by the U.S> economy slowing down.
- Gold benefitted, with the price reaching Rs.3,244 per gram as the month ended.
Gold Rate Trend in Jaipur for April 2016 to June 2016 (per gram of 24 karat gold)
|First day||Rs.2,991 per gram on June 1st|
|Last day||Rs.3,209 per gram on 30th of June|
|Highest price||Rs.3,212 per gram from 25th to 27th of June|
|Lowest price||Rs.2,991 per gram on June 1st|
|1st June rate||Rs.2,991|
|30th June rate||Rs.3,205|
|Highest rate in June||Rs.3,212 on 25th of June|
|Lowest rate in June||Rs.2,991 on 1st of June|
Jun'16 - Week 1 (1st to 4th)
- Gold opened at Rs.2,991 per gram on the 1st which was also the lowest rate for the month.
- Rate remained steady on the 2nd as well post which a rise was noted in the price of gold.
- On the 3rd, gold was priced at Rs.3,003 per gram which was a marginal rise as compared to the rate of the previous day.
- Gold closed at Rs.3,055 per gram at the end of the week which was a significant increase in gold rate for the week.
Jun'16 - Week 2 (5th to 11th)
- Gold rates fluctuated slightly in the second week of the month.
- There was an increase in price as seen from the previous week and the rate of gold stayed above the Rs.3000 mark.
- Gold rate was steady from the 5th to the 6th at Rs.3,055 per gram and again on the 7th and 8th at Rs.3,050 per gram.
- There was a slight increase in prices from the 9th with gold closing at Rs.3,098 per gram on the 11th.
Jun'16 - Week 3 (12th to 18th)
- Gold rate was relatively steady in this week with very few fluctuations.
- Gold opened at Rs.3,098 per gram on the 12th and maintained the same on the 13th as well.
- The price of gold increased marginally to Rs.3,114 per gram before falling again to Rs.3,096 per gram and stayed steady until the 16th.
- Price of gold increased slightly and decreased again to close at Rs.3,102 per gram.
Jun'16 - Week 4 (19th to 25th)
- Gold rates fluctuated throughout the fourth week of the month while almost steadying towards the end of it.
- Although rates hovered around the Rs.3000 mark, there were minor variations.
- The week started off with Rs.3,102 per gram on the 19th and increased slightly to reach Rs.3,121 per gram on the 20th.
- Price of gold decreased slightly from thereon and varied between Rs.3,106 per gram to Rs.3,094 per gram before rising up again.
- The week closed at a high of Rs.3,212 per gram which was also the highest for the month.
Jun'16 - Week 5 (26th to 30th)
- There were minor fluctuations in the rate of gold in the final week of the month. However, rates were above the Rs.3000 mark.
- Gold was steady at Rs.3,212 per gram on the 26th and 27th, which was also the highest rate for the month.
- Prices slightly decreased after that by Rs.50 to stand at Rs.3,162 on the 28th. Prices decreased even further on the 29th of June.
- Gold closed at Rs.3,209 per gram on the 30th which was higher than the rates witnessed at the beginning of the month.
|1st May rate||Rs.3,147|
|31st May rate||Rs.2,991|
|Highest rate in May||Rs.3,178 on the 8th of May|
|Lowest rate in May||Rs.2,991 on the 30th and 31st of May|
|Overall performance||Loss / Negative|
May'16 - Week 1 (1st to 7th)
- Gold rates remained the same on the first as well as the last day of the week despite fluctuating prices during the seven-day period.
- Prices were recorded at Rs.3,417 on the 1st day of the month and Rs.3,147 on the 7th.
- Gold rates increased by Rs.22 on the second day of trading and remained the same on the third day at Rs.3,169 after which a decline saw prices remain stable at Rs.3,152 for the next two days.
- A further decline in prices by Rs.5 saw gold finish the week at Rs.3,147.
May ‘16 - Week 2 (8th to 14th)
- Gold rates increased by Rs.31 on the first day of the second week and prices were recorded at Rs.3,178.
- A decline by Rs.31 saw prices fall back to Rs.3,147 on the second day of the week.
- Prices fell by Rs.20 on the third day and again by Rs.20 on the fourth day of the week, and then increased by Rs.9 and remained constant at Rs.3,138 until the 14th of May.
- There was an overall decline in prices over the course of the week.
May ‘16 - Week 3 (15th to 21st)
- Gold prices rose by Rs.15 on the first day of the third week of May and remained unchanged for another day.
- Prices then fell by Rs.10 to remain at Rs.3,143 for the next two days.
- Rates fell by Rs.35 on the 19th and remained at Rs.3,108 until the 20th after which an increase of Rs.10 was recorded and the price of the precious metal at the close of the week was Rs.3,118.
- Gold prices recorded a further decline at the end of the week in comparison with the first day of the week.
May ‘16 - Week 4 (22nd to 31st)
- Gold prices declined on the first day of the fourth week of May too, as prices fell by Rs.6 at the start of the week.
- Marginal declines ensued for the next two days after which prices fell by Rs.68 on the 25th and stood at Rs.3,048.
- An increase of Rs.10 was then recorded on the 26th of the month and prices remained unchanged at Rs.3,058 until the 29th.
- The lowest price of gold in May was recorded on the last two days of the month as prices fell to Rs.2,991.
- Gold prices fell by Rs.156 between the first and last day of May.
|1st April rate||Rs 2,988|
|30th April rate||Rs 3,147|
|Highest rate in April||Rs 3,147 on 29th, 30th|
|Lowest rate in April||Rs 2,957 on 4th|
|% Change||+ 5.32%|
Apr ‘16 - Week 1 (1st to 3rd)
- The week began on a cautious note for investors, who chose to wait for concrete statements on a US Federal rate hike.
- Gold rates remained unchanged during the week in Jaipur.
- Prices stayed constant at Rs 2,988 on the back of reduced interest in gold.
Apr ‘16 - Week 2 (4th to 10th)
- Prices fell marginally on the 4th, dropping to Rs 2,957.
- The rest of the week was good for gold, as prices increased steadily.
- Gold rates crossed the Rs 3,000 mark on 10th, ending the week on Rs 3,037.
- An overall appreciation in gold prices was witnessed during the week.
Apr ‘16 - Week 3 (11th to 17th)
- It was a mixed week for gold, as prices marginally increased before ending on a low.
- Rates picked up on the back of demand, peaking at Rs 3,073 on 12th.
- The rest of the week saw gold rates falling, dropping to a low of Rs 3,021 on 16th.
- Prices picked up marginally, ending the week at Rs 3,031.
Apr ‘16 - Week 4 (18th to 24th)
- An increase in gold rates was seen during the week.
- Prices picked up from Rs 3,051 on 18th, peaking at Rs 3,072.
- Rates remained steady at Rs 3,072 for most of the week, before dropping again.
- The week ended with gold trading at Rs 3,053.
Apr ‘16 - Week 5 (25th to 30th)
- The week began with gold trading at Rs 3,057.
- A steady increase in gold rates was observed throughout the week.
- The week ended with gold trading at Rs 3,147, the highest for April.
|1st March rate||Rs 3,067|
|31st March rate||Rs 2,988|
|Highest rate in March||Rs 3,090 from march 2nd to 19th|
|Lowest rate in March||Rs 2,974 on 23rd, 24th and 25th|
Mar'16 - Week 1 (1st to 6th)
- Gold was priced Rs 3,067 on 1st March.
- Prices moved to Rs 3,090 on 2nd.
- Protests by jewellers led to markets being shut, with prices remaining constant for the rest of the week.
Mar'16 - Week 2 (7th to 13th)
- Protests continued in the second week, with no change in prices as trading stayed closed.
- Gold rates stayed constant at Rs 3,090 during this period.
Mar'16 - Week 3 (14th to 20th)
- A small number of jewellers opened their stores, but protests still continued, with trading suspended.
- There was no change in gold rates on this account.
- Gold prices remained constant at Rs 3,090 till the 19th, when trading partially reopened.
- Prices dropped to Rs 2,991 on 20th after markets opened.
Mar'16 - Week 4 (21st to 27th)
- Most jewellers opened their stores for business, even as protests continued.
- Prices ranged between Rs 2,991 and Rs 2,988 during the week.
- Rates dropped to Rs 2,974 on 23rd and stayed at this level for 3 days before jumping to Rs 2,988.
Mar'16 - Week 5 (28th to 31st)
- There were no changes in rates from the previous week.
- Prices stayed constant at Rs 2,988 from 28th all the way till 31st.
|1st February rate||Rs.2,714|
|29th February rate||Rs.3,067|
|Highest rate in February||Rs.3,067 on 27th, 28thand 29th|
|Lowest rate in February||Rs.2,714 on 1st|
Feb '16 - Week 1 (1st to 7th)
- Gold prices appreciated during the 1st week.
- Prices were Rs.2,714 on 1st and Rs.2,850 on 7th.
- Gold rose on all days of the week, cumulatively gaining Rs.136 over the week.
Feb '16 - Week 2 (8th to 14th)
- Gold rates appreciated again and breached the 3,000-mark for the first time this month during the 2nd week.
- Prices were Rs.2,871 on 8th and Rs.3,014 on 14th.
- Gold rose by an overall margin of Rs.143 during this week.
Feb '16 - Week 3 (15th to 21st)
- Gold continued its positive streak coming into the 3rd week.
- Prices were Rs.2,997 on 15th and Rs.3,038 on 21st.
- Gold dropped to Rs.2,956 by 17th before rallying and gaining the lost value by 21st to close at Rs.3,038.
Feb '16 - Week 4 (22nd to 29th)
- Gold prices rose again towards the end of the month.
- Rates were Rs.3,000 on 22nd and Rs.3,067 on 29th.
- Prices were up on all days of the week, and stayed above the 3,000 mark.
|4 th January rate||Rs.2,616|
|31 st January rate||Rs.2,781|
|Highest rate in January||Rs.2,788 on 28th and 29th|
|Lowest rate in January||Rs.2,541 on 5th|
- Gold prices were stable at the start of the new year on renewed domestic demand and positive global cues.
- Prices were Rs.2,616 on 4th and Rs.2,609 on 10th.
- Prices dropped significantly to Rs.2,541 on 5th but recovered the lost value through the week on the back of back-back positive sessions.
- Gold ended slightly lower at Rs.2,609 in this week.
- Gold rates declined in the 2nd week.
- Prices were Rs.2,701 on 11th and Rs.2,598 on 17th.
- Gold was mostly trading lower in the week as prices dropped to Rs.2,598 by 14th.
- Gold was stable for the rest of the week at Rs.2,598.
- Gold gained substantial value in the 3rd week to breach the 2,700-mark.
- Prices were Rs.2,576 on 18th and Rs.2,729 on 24th.
- Gold had gainful sessions all through the week except for a slight dip on 23rd.
- Gold prices rose again towards the end of the month.
- Rates were Rs.2,729 on 25th and Rs.2,781 on 31st.
- Gold rose substantially to Rs.2,788 by 28th before falling to Rs.2,700 on 29th.
- Prices were up again on 30th to Rs.2781 where they ended the month.
|1st December rate||Rs.2,551|
|31st December rate||Rs.2,557|
|Highest rate in December||Rs.2,665 on 6th|
|Lowest rate in December||Rs.2,551 on 1st|
- Gold rates appreciated in the 1st week of December.
- Prices were Rs.2,551 on 1st and Rs.2,597 on 7th.
- Gold rose to Rs.2,665 by 6th before losing Rs.68 on 7th to settle at Rs.2,597.
- Gold rates were slightly up in the 2nd week.
- Prices were Rs.2,595 on 8th and Rs.2,599 on 14th.
- Gold dropped to Rs.2,553 by 13th before rallying by Rs.46 on 14th to settle at Rs.2,599.
- Gold rates were volatile in the 3rd week.
- Prices were Rs.2,577 on 15th and Rs.2,554 on 21st.
- Gold dropped to Rs.2,561 by 18th but rose back to Rs.2,596 on 19th.
- Prices decreased by Rs.42 on 21st to end the week at Rs.2,554.
- Gold prices declined marginally in the last days of December.
- It was priced at Rs.2,565 on 22nd and Rs.2,557 on 31st.
- Gold rates fluctuated between Rs.2,560 and Rs.2,634 till 28th.
- Gold gained marginally on 29th and 30th to settle at Rs.2,565 before losing Rs.8 on 31st to end the month at Rs.2,557.
|1st November rate||Rs.2,679|
|Highest rate in November||Rs.2,682 on 16th|
|Lowest rate in November||Rs.2,564 on 19th|
- Gold rates depreciated in the 1st week of November.
- Prices were Rs.2,686.50 on 1st and Rs.2,590 on 7th.
- Gold declined to Rs.2,676 on 2nd before recovering to Rs.2,682 on 3rd.
- Prices dropped substantially on 4th by a margin of Rs.44 to rest at Rs.2,638.
- Rates continued falling over the next days to settle at Rs.2,590 on 7th.
- Gold rates decreased in the 2nd week of the month.
- Prices were Rs.2,590 on 8th and Rs.2,557 on 14th.
- Gold appreciated to Rs.2,630 on 9th before falling to Rs.2,573.50 on 10th and regaining lost value on 11th to rest at Rs.2,629.
- Prices declined in the final three days by an overall margin of Rs.72 to rest at Rs.2,557 by 14th.
- Gold rates were volatile in the 3rd week.
- Prices were Rs.2,557 on 15th and Rs.2,550 on 22nd.
- Gold appreciated by Rs.135 on 16th to touch Rs.2,682 before losing Rs.106 over the next two days to settle at Rs.2,576 on 18th.
- Gold touched Rs.2,570 on 20th before settling at Rs.2,550 on 22nd.
- Gold prices declined in the final days of November.
- It was priced at Rs.2,580 on 23rd and Rs.2,560 on 30th.
- Gold depreciated to Rs.2,550 by 25th before rallying to Rs.2,582 on 26th.
- Prices stabilized at Rs.2,579 by 29th, though there was a drop on 30th that brought rates down to Rs.2,560.
Market Rates and Gold Price Trends in Jaipur
The gold rate fluctuates, and it is during these fluctuations that investors can make money. At the start of April, 2015, the cost for 1 gram of 24 karat gold was Rs.2,622 and went up to Rs.2,700 by the start of May, 2015. By mid-May, the gold rate hit Rs.2,740, and dropped to Rs.2,690 by the start of June. In June, the gold rate had dropped down to Rs.2,655, but has now risen slightly and is plateaued at Rs.2,669 (as on 15th June 2015). Studying these fluctuations is the key to smart investing and eventually growing your finances by investing in gold in Jaipur.
- Also Check:Today's Gold Rate in Jaipur