|Parameters||Gold Price(24 karat)||Gold Rate on 1st October 2017||Rs.3,127 per gram|
|Gold Rate on 31st October 2017||Rs.3,088 per gram|
|Highest Rate in October||Rs.3,135per gram from12 to 17 October|
|Lowest Rate in October||Rs.3002 per gram from 23 to 25 October|
|Overall Monthly Performance||Decline|
October 2017 – Week 1 (1st to 8th)
- Gold rate in Nagpur opened with an upward momentum of Rs.3,127 per gram on the first day of week 1.
- The rise in the price was apparently due to the rising demand before the festive season. The price remained constant for 3 consecutive days at Rs.3,127 per gram.
- On 4 October, gold price in Nagpur dropped to Rs.3,104 per gram, following a rise in the US dollar.
- As the week progressed the prices dropped further, with gold rate falling from Rs.3,094 per gram on 5 October to Rs.3,084 per gram on 6 October.
- This turned out to be rewarding for the buyers just prior to the festive season. The week ended with gold rate priced at Rs.3,084 on 8 October.
October 2017 –Week 2 (9 th to 15th)
- On 9 October, gold rates in Nagpur rebounded to Rs.3,119 per gram due to fresh buying demand from jewelers, and mostly due to the positive response from the global market.
- The rate remained constant on the next day at Rs.3,119 per gram due to the rising demand among the excited buyers.
- The demand continued to rise, and consequently the yellow metal’s price bounced to Rs.3,125 per gram.
- Owing to the low inflation concern, the gold was priced Rs.3,135 per gram on 12 October, the highest in last two weeks.
- The decline in the US dollar further resulted the gold to be sold at Rs.3,125 per gram from 13-15 October.
October 2017 –Week 3 (16th-22nd)
- For the first two days of the week 3 the gold continued to be traded at Rs.3,135 per gram, following a drop in the US dollar the previous week.
- Due to the feeble trend overseas and low demand from jewelers across the country gold rates stumbled by more than Rs.100 per gram. On 18 October, the rates dropped to Rs.3,011 per gram.
- Amid the dhanteras season, gold rates in Nagpur dropped gradually as this time individuals preferred to buy silver, four-wheelers and property over the precious metal.
- The government’s decision to make bullion trading convenient and more transparent, kept the gold rate unaltered until the end of week 3.
- The week closed with the yellow metal traded at Rs. 3,012 per gram.
October 2017 –Week 4 & Week 5 (23rd-31st)
- On the fourth week of October the gold was priced at Rs.3,002 per gram, the lowest in the entire month.
- The drop in the price was primarily due to the plummeting sales after the festive season and the start of dollar recovery.
- There was a minute rise on 26 October, with gold priced at Rs.3,097 per gram.
- The rising volatility in gold rates in Nagpur and the assumptions that the yellow metal will soon lose its luster due to the US Federal Reserve increasing the interest rates, impacted the gold prices.
- Due to the lack of demand from jewelers and retailers the gold prices remained constant on 30 and 31 October.
- The month ceased with gold rate traded at Rs.3,088 per gram.
|Parameters||Gold Price(24 karat)||Gold rate on 1st September 2017||Rs.3,045 per gram|
|Gold rate on 30th September 017||Rs.3,127 per gram|
|Highest Rate in September||Rs.3,186 per gram on 9, 10, 11 and 26 September|
|Lowest Rate in September||Rs.3,045 per gram on 1 September|
|Overall Monthly Performance||Incline|
September 2017 - Week 1 (1st-10th)
- The first week in Nagpur began with gold trading at a monthly low figure of Rs.3,045 per gram on the 1st as investors and jewellers in the country cut down their purchases.
- Gold rate in Nagpur rose marginally to Rs.3,073 per gram on the 2nd.
- The yellow metal continued to be traded at Rs.3,073 per gram until the 8th as North Korea confirmed to have tested a more robust nuclear weapon that pushed gold prices significantly.
- Gold price in Nagpur touched a monthly high figure of Rs.3,186 per gram on the 9th as investors and jewellers escalated their purchases.
- Prices remained the same at Rs.3,186 per gram for the rest of the week, thanks to steady domestic demand for the metal.
September 2017 - Week 2 (11-17):
- The week began with gold priced at Rs.3,186 per gram on the 11th.
- Gold rate in Nagpur remained firm at Rs.3,186 per gram on the 12th and 13th with regular demand from investors and jewellers.
- With tensions intensifying between the US and North Korea, gold prices seemed to rise further.
- However, the steady high prices resulted in jewellers and investors delaying their purchases, which eventually led the yellow metal to be priced at Rs.3,140 per gram on the 14th.
- Gold prices in Nagpur stood at Rs.3,140 per gram for the remainder of the week.
September 2017 - Week 3 (18th-24th)
- Gold traded on a high note when the week began, but prices dropped as the week progressed.
- The precious metal traded at Rs.3,140 per gram on the 18th.
- With demand for the metal dropping considerably in the domestic market, prices dropped to Rs.3,113 per gram on the 20th.
- Gold rates in Nagpur dropped further to Rs.3,107 per gram on the 21st.
- With the festive season closing in, gold prices increased marginally to Rs.3,109 per gram on the 22nd.
- Gold prices in Nagpur remained untouched at Rs.3,109 per gram for the next two days, thanks to steady demand in the city.
September 2017 - Week 4 (25th-30th)
- Gold traded at Rs.3,109 per gram on the 25th, when the week began.
- On the 26th, gold rates surged to Rs.3,165 per gram. Gold trade flourished with North Korea threatening to shoot down US bomber aircrafts.
- Having put in an effective gain on the previous day, gold trade promptly began to decline and the precious metal was priced at Rs.3,148 per gram on the 27th.
- Gold rates in Nagpur dropped further to Rs.3,127 per gram on 28th after the US dollar proved strong during the week.
- The next two days saw gold rates untouched in Nagpur at Rs.3,127 per gram, thanks to steady domestic trade in the city.
|Parameters||Gold Price(24 karat)||August 1 Rate||Rs.2,988 per gram|
|August 31 Rate||Rs.3,045 per gram|
|Highest Rate in August||Rs.3,045 per gram from 29-31 August|
|Lowest Rate in August||Rs.2,978 per gram on 8 August|
|Overall Monthly Performance||Incline|
August ‘17- Week 1 (1st to 6th)
- The first week of August saw the price of gold remain constant due to steady demand.
- Gold opened the week at Rs.2,988 per gram on 1 August and remained the same till the week ended on 6 August.
- While markets were unstable after repeated provocations by North Korea, demand for gold stayed unchanged since the dollar rate did not fluctuate too drastically.
August ‘17- Week 2 (7th to 13th)
- Gold opened the week at Rs.2,988 per gram on 7 August before dropping to Rs.2,978 per gram on 8 August due to a slight decrease in demand from domestic retail buyers.
- Gold price Nagpur rose to Rs.2,998 per gram on 9 August as the increase in geopolitical tensions led to greater demand for bullion.
- Local demand also rose as the stock markets took a turn for the worse, resulting in gold prices jumping to Rs.3,044 per gram on 11 August.
- There was no change in price as the week drew to a close, with gold trading at Rs.3,044 per gram on 13 August.
August ‘17- Week 3 (14th to 20th)
- Gold price in Nagpur fluctuated in the third week of August as demand was sluggish at the start of the week before picking up due to an influx of demand from overseas.
- Gold opened the week at Rs.3,044 per gram on 14 August but fell to Rs.3,010 per gram from 16-18 August.
- U.S. markets were very volatile and affected the dollar rate as well, which negatively impacted gold prices.
- The yellow metal jumped to Rs.3,038 per gram on 19 & 20 August as crude prices led to a slide in the dollar, prompting higher demand for bullion.
August ‘17- Week 4 (21st to 27th)
- The fluctuation in gold prices continued in the fourth week, as the metal dropped to Rs.3,028 per gram in trading on 21 August due to demand vagaries.
- August being a lean month for gold in India, there was a drop in demand from jewellers as well as retail buying, which led to prices remaining static.
- The week ended with gold continuing to trade at Rs.3,028 per gram on 27 August due to sluggish demand.
August ‘17- Week 5 (28th to 31st)
- Prices opened at Rs.3,028 per gram on 28 August as gold did not see much demand over the weekend.
- Demand for gold rose as the month drew to a close, trading at Rs.3,045 per gram on 29 August as overseas demand spiked following a drop in the dollar rate due to ongoing political instability in the United States.
- Local demand was also steady though it was muted, which kept prices from vacillating too much.
- The month ended with gold continuing to trade at Rs.3,045 per gram, resulting in the price rising by 1.90% over the course of the month.
|Parameters||Gold Price(24 karat)||July 1 Rate||Rs.3,055 per gram|
|July 31 Rate||Rs.2,988 per gram|
|Highest Rate in July||Rs.3,055 per gram on 1 and 2 July|
|Lowest Rate in July||Rs.2,902 per gram on 10 July|
|Overall Monthly Performance||Decline|
July 2017 - Week 1 (1st- 9th)
- When gold trading commenced for July on the 1st, the metal was priced at Rs.3,055 per gram, and remained unchanged on the 2nd.
- The steady pricing during these two days were due to the imminent arrival of the US Independence Day.
- Prices dropped by a massive Rs.64 as it hit Rs.2,991 per gram on the 3rd as rates neared eight-week low figures, owing to the resurgence of the US dollar.
- Bullion prices remained at Rs.2,991 per gram on the 4th before going up to Rs.3,004 per gram as demand from local jewellers pushed up the rates.
- From the 5th to the 8th, gold rate in Nagpur remained unchanged due to sustained buying from local investors.
- As the persistent buying came to a halt on the 9th, gold price in Nagpur dropped to Rs.2,981 per gram.
July 2017 - Week 2 (10th - 16th)
- On the 10th of July, gold price in Nagpur endured their worst price drops for the month as they went down by Rs.79 per gram to Rs.2,902 per gram.
- This single day drop was mostly due to a positive US job data, which was completely unexpected by trade analysts.
- A combined rallying effort from Asian markets also had an impact on gold prices in India and subsequently in Nagpur.
- `The 11th saw gold rate in Nagpur go up to Rs.2,919 per gram, before dropping to Rs.2,916 per gram on the 12th of July.
- When trading began on the 13th, gold rates had gone up to Rs.2,923 per gram and remained unchanged till the end of the week on the 16th as demand remained steady.
July 2017 - Week 3 (17th - 23rd)
- Gold started this week at Rs.2,923 per gram and jumped by Rs.24 to reach Rs.2,947 per gram on the 18th as overseas demand increased owing to a weak US market.
- As the US dollar continued to slide, gold demand picked up, leading to an increase in prices.
- Gold rates in Nagpur remained at Rs.2,947 per gram till the 21st of July as demand remained stable from local jewellers.
- Thanks to a crisis in the US, gold prices jumped to Rs.41 to reach Rs.2,988 per gram on the 22nd of July.
- On the last day of July week 3, gold rates remained at Rs.2,988 per gram due to sustained demand from the domestic market.
July 2017 - Week 4 (24th - 31st)
- The last week of July saw little change in demand for gold in particular.
- When the week commenced on the 24th, gold was trading at Rs.2,988 per gram.
- As demand didn’t change at all gold rates continued at Rs.2,988 per gram for the rest of the week.
- Even though gold prices seemed to improve towards the later half of the month, the later flourish wasn’t enough to curb the negative growth trend from becoming pronounced.
- Gold price trends in Nagpur decline at a rate of 2.19% for the month of July.
|Parameters||Gold Price(24 karat)|
|June 30 Rate||Rs.3,055 per gram|
|Highest Rate in June||Rs.3,077 per gram on 7 June and 8 June|
|Lowest Rate in June||Rs.3,033 per gram from 15 June to 29 June|
|Overall Monthly Performance||Incline|
June ’17 – Week 1 (1 – 4)
- Gold opened at Rs.3,046 per gram on the first day of the month in the city of Nagpur.
- Following information regarding the Goods and Services Tax (GST) in India wherein gold will be taxed at a rate of 3%, the value of this metal in the city saw so no change and continued to trade at Rs.3,046 per gram on 2 June as well.
- The price of gold in Nagpur increased slightly to trade at Rs.3,059 per gram from 3 June until the end of the week due to steady demand.
June ’17 – Week 2 (5 – 11)
- Gold continued to trade at the rate seen during the end of the previous week until 6 June which was Rs.3,059 per gram.
- The yellow metal traded at its highest on 7 June and 8 June after U.S. dollar and Asian stock markets weakened ahead of the national election in the United Kingdom and a European Central Bank meeting. Gold was priced at Rs.3,077 per gram on these two days in Nagpur.
- However, this rate was not sustained and gold price in Nagpur reduced on 9 June to be priced at Rs.3,053 per gram and continued at this price until the end of the second week of June.
June ’17- Week 3 (12 – 18)
- This precious metal continued to trade at Rs.3,053 per gram until 14 June which was noted during the previous week as well, due to stable demand from domestic markets.
- Until the Indian government provides clarity regarding issues concerning GST being faced by banks that import bullion, a near-term supply bottleneck is expected.
- From 15 June until the end of the third week of the month, gold continued to trade at Rs.3,033 per gram which was also the lowest at which gold was priced, for the month.
June ’17 – Week 4 (19 – 25)
- Gold rate in Nagpur was lower due to a firm dollar as markets expected comments from Federal Reserve officials concerning the strength of economic data.
- Additionally, the demand for gold from international as well as domestic jewellers were quite low but steady.
- Although there were changes in the demand for MCX gold, there were no changes to be noted in the demand for 24 karat gold.
- Due to the above factors, gold continued to trade steadily at Rs.3,033 per gram from 19 June to 25 June.
June ’17 – Week 5 (26 – 30)
- There were a number of doubts regarding the smooth transition of the current tax regime to that of Goods and Services Tax structure, however the new regime is expected to roll out from 1 July.
- Despite a weaker U.S. dollar, the rate of gold remained unchanged during the entire week.
- Gold was priced at Rs.3,033 per gram from 26 June until the end of the month, recording an incline of 0.29% in the rate of gold in Nagpur.
|Parameters||Gold Price(24 karat)|
|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 & 30th April|
|Lowest Rate in April||Rs.3,011 per gram from 1st-3rd April|
April ’17- Week 1 (1st to 9th)
- Gold prices in the first week of April were stable as the week began, as the effects of the second rate hike by the U.S. Federal Reserve led to muted demand for the metal.
- Gold traded at Rs.3,011 per gram at the start of the week but prices soon jumped to Rs.3,043 per gram on 4th April as U.S. economic data painted a poor picture of the current job market.
- A weakening of demand from the industrial sector also kept prices more or less constant.
- Gold prices remained unchanged as the week ended, with gold trading at Rs.3,043 per gram on 9th April, registering a weekly increase in price of Rs.32 per gram.
April ’17- Week 2 (10th to 16th)
- The price of gold dipped in the second week of April, as investor demand dropped due to stabilising markets.
- Gold was priced at Rs.3,025 per gram on 10th April as the U.S. market stabilised in spite of political upheaval in the region.
- The U.S. Dollar rose in early trading during the week on the back of positive economic projections, which led to a decrease in interest in the yellow metal.
- Prices remained constant for the whole week, with gold trading at Rs.3,025 per gram as the week ended on 16th April on subdued demand from international as well as local markets.
April ’17- Week 3 (17th to 23rd)
- The third week saw the price of gold continue to remain steady, trading at Rs.3,025 per gram on 17th April in the face of muted but steady demand.
- A drop in industrial demand from China due to rumours of a slowing down of the world’s biggest economy led to sluggish global demand.
- Domestic demand also fell as the wedding season ended, reducing demand from jewellers, which in turn led to the price of gold plateauing.
- The week ended with gold trading at Rs.3,025 per gram on 23rd April as the price did not fluctuate.
April ’17- Week 4 (24th to 30th)
- The last week of April saw the price of gold fluctuate marginally, though the week began with gold trading at Rs.3,025 per gram on 24th April.
- The French election run off had caused some turbulence across global markets, which led to an increase in demand for gold, pushing prices to Rs.3,036 per gram on 26th April.
- In a reversal of trends, gold prices continued to rise, trading at Rs.3,048 per gram on 27th April in spite of a robust market due to a reviving U.S. Dollar.
- Prices reached their monthly high of Rs.3,061 per gram as gold ended the month trading at Rs.3,061 per gram on 30th April, recording an overall price increase of 1.66%.
|Parameters||Gold Price(24 karat)|
|March 1st Rate||Rs.3,054 per gram|
|March 31st Rate||Rs.3,011 per gram|
|Highest Rate in March||Rs.3,054 per gram on 1st and 2nd March|
|Lowest Rate in March||Rs.2,968 per gram on 15th of March|
March ‘17 - Week 1 (1st to 5th)
- Trends in both national and international markets were an indication of a rise in gold prices due to high demand for this precious metal.
- The price of gold on the 1st of March was Rs.3,054 per gram which was relatively low as compared to the previous month. This rate was steady until the next day. This was also the highest at which gold traded.
- However, due to fluctuating rates, the price of gold in Nagpur reduced slightly on the 3rd of March to trade at Rs.3,026 per gram.
- This rate was maintained until the end of the week due to steady but low demand for this precious metal.
March ‘17 - Week 2 (6th to 12th)
- On the first day of the second week of March, the rate of gold was the same as that of the previous week.
- As the value of the dollar shot up, the gold rate in Nagpur plunged to a weekly low of Rs.3.016 per gram on the 7th of March.
- However, on the next day, the rate of gold increased due to positive cues from both domestic as well as international markets to trade at Rs.3,045 per gram.
- This demand fell slightly the next day resulting in gold trading at Rs.3,030 per gram.
- Demand continued to plunge downwards due to a fall in the demand for this precious metal from jewellers resulting in gold rate plunging to Rs.3,005 per gram on 10th of March.
- This rate was maintained until the end of the second week of March.
March ’17- Week 3 (13th to 19th)
- Rate in the third week of March started off with the same rate as that of the end of the second week. Gold continued to trade at Rs.3,005 per gram until the 14th of March.
- Gold rate in Nagpur fell to Rs.2,968 per gram on the 15th of March which was also the lowest at which this precious metal traded at in Nagpur for the month of March.
- There was a recovery noted in the rate of gold the next day wherein this metal traded at Rs.3,012 per gram.
- This recovery could be attributed to increased demand for this metal.
- Gold was steady at Rs.3,012 per gram until the end of the week.
March ’17- Weeks 4 (20th to 26th)
- This precious metal continued to trade at Rs.3,012 per gram during the first three days of the third week of March.
- On the 23rd, a marginal rise was noted in gold rate wherein this traded at Rs.3,035 per gram
- There was no other change noted in the rate of gold as the third week of March progressed. Gold price in Nagpur continued to trade steadily at Rs.3,035 per gram until the end of the fourth week of March.
- This was also the highest at which gold traded at for the month of March in Nagpur.
March ’17- Weeks 5 (27th to 31st)
- Gold rate in Nagpur was steady at Rs.3035 per gram due to increased but stable demand for this precious metal from jewellers as well as markets in both India and abroad.
- However, this demand could not be sustained and on the last day of the month, the rate of gold plunged to Rs.3,011 per gram.
- A monthly decline of 1.40% was noted in the rate of gold during the month of March.
|Parameters||Gold Price(24 karat)|
|February 1st Rate||Rs.2,985 per gram|
|February 28th Rate||Rs.3,054 per gram|
|Highest Rate in February||Rs.3,054 per gram from 24th-28th February|
|Lowest Rate in February||Rs.2,985 per gram on 1st February|
February ‘17 - Week 1 (1st to 5th)
- Gold prices in Nagpur in the first week of February were relatively stable, as domestic and local demand kept prices steady.
- Gold was priced at Rs.2,985 per gram on 1st February but quickly rose to Rs.3,014 per gram on 2nd February due to continued fluctuations in the market as the results of the U.S. Federal Reserve meeting were awaited.
- Prices remained constant for the rest of the week as industrial demand was muted.
- Local demand kept prices from falling significantly, as gold ended the week trading at Rs.3,014 per gram on 5th February, recording a Rs.29 per gram increase in price.
February ‘17 - Week 2 (6th to 12th)
- Prices in the second week of February were more or less constant, as demand from industrial units rose.
- Gold traded at Rs.3,014 per gram on 6th February, remaining constant from the previous week.
- Prices rose to Rs.3,034 per gram on 8th & 9th February as a drop in the U.S. Dollar led to higher demand for gold.
- Prices dipped sharply to trade at Rs.3,013 per gram on 10th February, as the markets recovered on strong data from the U.S. labour markets.
- A drop in demand from jewellers kept prices low, as gold ended the week trading at Rs.3,013 per gram on 12th February, a decrease of Rs.2 per gram during the week.
February ’17- Week 3 (13th to 19th)
- Prices were constant towards the beginning of the third week, as demand stagnated due to strengthening markets.
- Gold traded at Rs.3,013 per gram on 13th February, with the price remaining constant till 16th February.
- An increase in domestic demand led to prices rising marginally, with gold trading at Rs,3,024 per gram on 16th February.
- Gold prices rose as the week ended, trading at Rs.3,034 per gram on 17th February on increased demand from investors due to market volatility.
- Gold ended the week trading at Rs.3,034 per gram on 19th February.
February ’17- Weeks 4 & 5 (20th to 28th)
- The last two weeks of February saw the price of gold rise after a period of stagnation.
- Gold traded at Rs.3,034 per gram on 20th February, with the price remaining constant till 23rd February due to muted demand from industrial units.
- Local demand was also poor, as jewellers reduced orders following the end of the wedding season.
- A sudden rise in the price of gold was seen on 24th February, as gold traded at Rs,3,054 per gram.
- Prices remained constant for the rest of the month as demand kept pace due to fluctuating markets.
- Gold traded at Rs.3.045 per gram on 28th February, recording a monthly increase in price of 2.31%.
|Parameters||Gold Price(24 karat)|
|January 1st Rate||Rs.2,884 per gram|
|January 31st Rate||Rs.2,985 per gram|
|Highest Rate in January||Rss.2,997 per gram from 16th-27th January|
|Lowest Rate in January||Rs.2,872 per gram on 2nd January|
January ‘17 - Week 1 (1st to 7th)
- Gold prices in the first week of January were high as trading volumes were lower than expected, with gold trading at Rs.2,884 per gram.
- Prices dipped to Rs.2,872 per gram on 2nd January due to a slight fluctuation in demand but prices rose as demand increased.
- Increased domestic demand due to the wedding season kept prices high, with gold rising to Rs.2,908 per gram on 5th January.
- Prices were stable for the rest of the week as industrial demand also began to rise, as the U.S. Dollar price was constant.
- Gold ended the week at Rs.2,908 per gram on 7th January, an increase of Rs.28 per gram.
January ‘17 - Week 2 (8th to 14th)
- Gold prices in the second week were constant as the week began, with gold trading at Rs.2,908 per gram on 8th January.
- Prices rose to Rs.2,938 per gram on 10th January on higher demand from jewellers and the retail sector, as overseas demand also saw an increase.
- Uncertainty over the economic direction under the new U.S. President led to markets being unstable, resulting in the U.S. Dollar dropping and gold demand increasing.
- Gold rose to Rs.2,974 per gram on 14th January, a weekly increase of Rs.66 per gram.
January 2017- Week 3 (15th to 21st)
- Gold prices continued their rise, as market conditions and higher demand led to investors taking a keen interest in the metal.
- Gold was priced at Rs.2,974 per gram on 15th January and rose by Rs.23 per gram to trade at Rs.2,997 per gram on 16th January.
- 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.
- Demand for gold was constant, as the metal traded at Rs.2,997 per gram on 21st January.
January 2017- Weeks 4 & 5 (22nd to 31st)
- The last two weeks of January saw fluctuations in the price of gold due to market and geopolitical factors.
- Gold was priced at Rs.2,997 per gram on 22nd January, with the price remaining constant till 27th January on consistent demand.
- The markets began a cautious recovery, though investors were still investing heavily in gold stocks.
- Domestic demand was also high, as demand from the industrial sector rose.
- Gold dropped to Rs.2,985 per gram on 28th January as the executive order banning immigration from certain to the United States was announced.
- Confusion over the travel ban affected markets, though gold was more or less steady at Rs.2,985 per gram on 31st January.
|December 1st Rate||Rs.2,938 per gram|
|December 31st Rate||Rs.2,884 per gram|
|Highest Rate in December||Rs.2,938 per gram from 1st to 7th|
|Lowest Rate in December||Rs.2,810 per gram on the 22nd and 26th|
December 2016- Week 1 (1st- 4th):
- Maharashtrian city of Nagpur didn’t see too many changes in gold rate for much of the month.
- The first week began with gold trading at Rs.2938 per gram.
- Gold rates were the same at Rs.2,938 per gram, till the closing hours of the 4th and beyond.
December 2016 - Week 2 (5th - 11th):
- When business day began on the 5th, gold prices were still the same as the previous week at Rs.2,938 per gram.
- Rates didn’t change much until the end of the 7th as the market neither saw any demand and the lack of it.
- On the 8th, however, prices declined by Rs.31 to trade at Rs.2,907 per gram, which was again the case on the 9th as well.
- The 10th saw prices decline a little more as gold traded at Rs.2,879 per gram till the end of the week on the 11th.
December 2016 - Week 3 (12th - 18th):
- When week 3 began on 12th, gold prices hadn’t bore witness to any fluctuations either as the yellow metal again traded at Rs.2,879 per gram.
- The 13th and 14th, as well, had the same gold trading price at Rs.2,879 per gram.
- On the 15th, though, gold price decreased by Rs.37, to hit as low as Rs.2,842 per gram.
- Prices fell again on the 16th to Rs.2,824 per gram and remained the same until the week ended on 18th.
December 2016 - Week 4 (19th - 25th):
- Gold traded at Rs.2,826 per gram on the 19th, same as it was when week 3 ended and continued to be the same till the 21st.
- On the 22nd, gold prices went down slightly to trade at Rs.2,810 per gram till the end of the week on the 25th.
- Gold rate on 22nd to 25th was the lowest the month had to witness.
December 2016 - Week 5 (26th - 31st):
- The last week of December was quite productive for gold sales, thanks to the imminent arrival of new year.
- When trading began on the 26th, gold prices stood at just Rs.2,810 per gram but increased gradually from then on.
- On 27th, prices increased by Rs.5, as gold traded at Rs.2,815 per gram.
- The next two days, 28th and 29th, had the same trading prices which stood at Rs.2,848 per gram - a Rs.33 increased from the 27th.
- Last two days of the week and the year saw prices increase by Rs.36, to end 2016 on a high at Rs.2,884 per gram.
- Overall, gold prices saw a -1.83% decline in rates for the month of December, a good 2-odd percent compared to November 2016.
|1st Day||Rs.3,168 per gram|
|Last Day||Rs.2,975 per gram|
|Highest Price||Rs.3,247 per gram on 11th November|
|Lowest Price||Rs.2,949 per gram on 25th November|
November ‘16 – Week 1 (1st-6th)
- Gold traded at Rs.3,168 per gram on 1st November, with a slight increase in price the next day.
- On the 2nd of November, 2016, price of gold increased to Rs.3,197 per gram and remained steady over the next few days.
- There were absolutely no variations in the price of gold over the course of the week.
- On the last day of the week, the price of gold was Rs.3,197 per gram, the same as it was during most of the week.
November ’16- Week 2 (7th-13th)
- The price of gold on the first two days of the November’s second week was the same as last week, at Rs.3,197 per gram.
- This rate was maintained until the 20th of November.
- On the 11th, there was an increase of Rs.100 noted in gold rate wherein gold traded at Rs.3,247 per gram.
- There was a decline noted in the price of gold towards the end of the second week of November as compared to the first.
- On the last day of week two, the price of gold was Rs.3,082 per gram.
- The decline in prices could be attributed to Prime Minister Modi’s Demonetization announcement.
November ’16- Week 3 (14th-20rd)
- On the first of day of the third week of November, the price of gold declined slightly to trade at Rs.3,082 per gram. This was the same as the price that was noted on the last day of week 2.
- Rate of gold was sustained at Rs.3,082 per gram until November 17th.
- Due to reduced demand, price of this precious metal decreased by Rs.73 the next day.
- This low rate was sustained until the end of week 3.
November ’16- Week 4 (21st-27st)
- Low rate of gold continued until the 22nd after which a minor increase in gold prices was noted.
- There were very minor fluctuations noted during the week.
- On November 23rd, gold traded at Rs.3,012 per gram but fell again to Rs.2,976 per gram on 24th.
- The lowest rate of gold was noted on the 25th, which was Rs.2,949 per gram. This rate was sustained until the last day of the week.
November ‘16 – Week 5 (28th-30th)
- Gold traded at Rs.2,975 per gram on 28th of November, after which prices declined further.
- On the 29th, gold traded at Rs. 2,975 per gram, which was the same as the previous day.
- Gold rate closed at Rs.2,975 per gram on the last day of the month which was a decline as compared to the beginning of the month.
- There was a decline of 6.09% in the rate of gold as compared to the beginning of the month.
|Highest Price||Rs.3,249 on 1st and 2nd October|
|Lowest Price||Rs.3,123 from 7th October to 9th 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.3,249 on the 1st of October and the remained stable on the 2nd after which they declined consistently until the 7th.
- Prices were recorded at Rs.3,123 between the 7th and 9th of October, making it the lowest recorded rate in the month.
- Prices increased by Rs.12 on the 10th of October to close the month at Rs.3,135 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.3,135 until the 12th of the month.
- Rates then increased to Rs.3,143 on the 13th after which a decline by Rs.10 saw them tumble to Rs.3,133 per gram and remain constant for the remainder of the week.
- In comparison with the previous week, gold prices declined by just Rs.2 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.3,133 until the 19th of the month after which an increase saw the rise to Rs.3,154 per gram on the 20th.
- Prices remained unchanged until the end of the week as the precious metal recorded an increase in prices over the seven-day period.
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.3,168 on the 26th of October and remained stable until the end of the month.
- The overall decline in prices between the first and last day of October was 2.49%.
|1st Day||Rs.3,212 per gram|
|Last Day||Rs.3,279 per gram|
|Highest Price||Rs.3,285 from 23rd September to 26th September|
|Lowest Price||Rs.3,212 on 1st September|
September '16 – Week 1 (1st to 4th)
- Gold traded at Rs.3,212 per gram on first of the month.
- Buyers regained interest towards investment in gold thanks to the Fed rate hike being put aside owing to weak U.S. economic data.
- Gold prices also reached some stability this week due to the festive season being around the corner.
- Gold traded this month’s lowest on 1st September at Rs. 3,212 per gram.
- The rates went up to Rs.3,229 per gram on 3rd September and maintained it through next week.
- The week’s goldrates were on an upward incline.
September '16 – Week 2 (5th to 11th)
- Gold closed at Rs.3,229 per gram on 5th of September.
- The yellow metal remained at the same rate throughout the week at Rs.3,229 per gram.
September '16 – Week 3 (12th to 18th)
- Week 3 of September started at the same rate as the previous week.
- Gold climbed to Rs.3,246 on 13th September and maintained at the same rate till 15th September.
- Owing to lost gold appeal in the domestic and global market, gold prices fell again.
- Gold traded at Rs.3,231 per gram on 16th September and stayed the same until the end of week.
- Demand for gold from jewellers, stockists, retailers, and consumers remained dull in the domestic market.
September '16 – Week 4 (19th to 25th)
- Gold recorded the same rate as last week at Rs.3,231 per gram on 19th September.
- As the U.S. Federal Reserve set aside plans for a rate hike owing to presidential elections coming near, gold rates bounced back.
- The global market displayed an optimistic trend and bullish tendencies were noticed.
- The week saw a gradual increase in gold prices throughout.
- From Rs.3,231 per gram recorded at the beginning of the week, gold traded at Rs. 3,285 per gram on 25th September.
- With the festival season around the corner, the domestic gold market experienced a stable demand.
September '16 - Week 5 (26th to 30th)
- Gold traded at Rs.3,285 per gram on 26th September .
- As sentiments in the overseas gold market turned weak, gold rates suffered this week.
- Dollar gained strength as a result of the U.S. presidential elections.
- On 27th September, gold was recorded at Rs.3,279 per gram and maintained the same rate till the end of week 5.
- Despite a fall in gold rates this week, overall month of September recorded an increase of 2.08%.
|First Day||Rs.3,249 per gram|
|Last Day||Rs.3,225 per gram|
|Highest Price||Rs.3,283 per gram on 18th August|
|Lowest Price||Rs.3,225 per gram on 31st August|
August '16 - Weeks 1 (1st to 7th)
- Gold traded at Rs.3,249 per gram on 1st August.
- Prices were on the path of inclination as the U.S. economic data was much slower that expected.
- Prices reached Rs.3,275 per gram on 3rd and 4th August, the highest for the week.
- Prices fell to Rs.3,226 per gram on 6th August but domestic demand was stable and prices remained constant going into the second week.
August '16 - Week 2 (8th to 14th)
- Gold rates saw brighter days in the second week of August as the dollar lost its strength.
- Prospects of an interest rate hike by the U.S. Federal Reserve were muted for this month.
- Gold rates climbed to Rs.3,260 per gram on 10th August and remained constant through the week.
- Constant rates were a direct result of sustained demand flowing into the domestic market from jewellers preparing for the festivals.
August '16 - Week 3 (15th to 21st)
- Prices climbed steadily on account of demand in the domestic market.
- Gold traded at Rs.3,260 per gram on 15th August and was seen trading at the highest for the month on 18th August at Rs.3,283 per gram.
- As the dollar gathered power on account of the U.S. economy growing stronger, gold prices started to slip towards the end of the week.
August '16 - Week 4 (22nd to 28th)
- A firm dollar led to prices slipping this week.
- Gold traded at Rs.3,268 on 7th to 26th August.
- Demand in the domestic spot market helped gold maintain its stability this week.
- Prices are expected to drop further as the U.S. economy gains momentum.
August '16 - Week 5 (29th to 31st)
- Gold continued the constant rates from the previous week, trading at Rs.3,236 per gram.
- On 31st August, gold rates had dropped to the lowest seen this month when it traded at Rs.3,225 per gram.
- A rate hike is expected to be rolled out by the U.S. Federal Reserve in the coming months.
- Gold prices may be impacted further, but demand during the festival season in the domestic market might lend some support to the yellow metal.
|1st July Rate||Rs.3,112 per gram|
|31stt July Rate||Rs.3,249 per gram|
|Highest Rate in July||Rs.3,249 per gram on 31st July|
|Lowest Rate in July||Rs.3,112 per gram on 1st July|
|Overall Performance||Increase in price|
|% Change||+4.40% increase|
July'16 - Week 1 (1st to 3rd)
- Gold prices in Nagpur increased marginally during the week, buoyed by heightened demand and strong international trends.
- The markets were still recovering from their losses after the British referendum results.
- Gold traded at Rs.3,182 per gram at the end of the week, an increase of Rs.60 from the start of the week.
July'16 - Week 2 (4th to 10th)
- Prices fell gradually as the markets recovered, posting strong gains.
- The Dollar gained on global currencies, lowering demand for gold.
- Gold retailed at Rs.3,246 per gram as the week ended, an increase of Rs.64 from the start of the week.
July'16 - Week 3 (11th to 17th)
- Prices were static for most of the week due to demand being stagnant.
- International trends pointed to lowered demand as markets rose.
- Gold traded at Rs.3,234 per gram as the week ended.
July '16 - Week 4 (18th to 24th)
- There were minor fluctuations in the price of gold as demand fell slightly.
- With the markets stable, demand was muted.
- The price of gold was Rs.3,223 per gram at the end of the week, a drop of Rs,10 from the start of the week.
July‘16 - Week 5 (25th to 31st)
- Prices were stable throughout the week due to the rising Dollar and stock markets.
- The disappointing data on projected economic growth led to stocks falling and gold demand rose.
- The price of gold reached Rs.3,249 as the month ended, a difference of Rs.16 from the start of the week.
|1st June rate||Rs.3,038|
|30th June rate||Rs.3,112|
|Highest rate in June||Rs.3,192 per gram on 27th June|
|Lowest rate in June||Rs.3,015 per gram on 3rd June|
Jun'16 - Week 1 (1st to 4th)
- Gold opened at Rs.3,038 per gram on the 1st of the month and was steady until the next day.
- Gold prices declined slightly the next day, trading at Rs.3,015 per gram.
- The price of gold rose a little to close at Rs.3,063 per gram at the end of the week.
Jun'16 - Week 2 (5th to 11th)
- There were very minor fluctuations in the rate of gold during the second week of the month.
- The price of gold from the 5th to the 8th was Rs.3,078 per gram.
- The price increased slightly on the 9th and 10th to touch Rs.3,094 per gram.
- Gold closed at Rs.3,123 per gram on the last day of the week.
Jun'16 - Week 3 (12th to 18th)
- The rate of gold increased steadily from week 2.
- The price of gold was Rs.3,123 per gram throughout the entire week with no variations whatsoever.
Jun'16 - Week 4 (19th to 25th)
- The rate of gold was quite steady during week 4 except for a few variations here and there.
- The price of gold on the 19th was Rs.3,123 per gram as continued from the previous week.
- However, gold rate was Rs.3,075 per gram on the 20th until the 25th without any changes.
Jun'16 - Week 5 (26th to 30th)
- The rate of gold was steady at Rs.3,075 per gram and increased even more the next day, trading at Rs.3,192 per gram which was also the highest for the month.
- However, from the 28th to the 30th, there were no changes noted in the rate of gold and the precious metal traded at Rs.3,112 per gram.
|1st May rate||Rs.3,154|
|31st May rate||Rs.3,018|
|Highest rate in May||Rs.3,155 from the 8th to the 11th of May|
|Lowest rate in May||Rs.3,003 on the 30th of May|
|Overall performance||Loss / Negative|
May'16 - Week 1 (1st to 7th)
- Gold rates were recorded at Rs.3,154 on the 1st and 2nd of May after which a small decline in prices saw rates drop to Rs.3,139 on the 3rd day of the month.
- Prices dropped by Rs.6 to Rs.3,133 on the fourth day and remained unchanged on the fifth as well.
- A further decline by Rs.10 saw prices hit Rs.3,123 on the sixth day of the week and remained the same on the last day of the week.
- Prices fell consistently during the week and the difference in rates between the first and last day of the week was Rs.31.
May ‘16 - Week 2 (8th to 14th)
- Following an increase at the start of the week, gold rates remained stable at Rs.3,155 for the first four days of the second week.
- A decline by Rs.43 saw prices fall to Rs.3,112 on the fifth day of the week and rates remained unchanged for the remainder of the week.
- The overall decline in prices over the course of the week was recorded at Rs.43.
May ‘16 - Week 3 (15th to 21st)
- Gold prices rose by Rs.28 on the first day of the third week of May and stood at Rs.3,140 on the 15th and 16th of May.
- Prices then fell by Rs.12 to remain at Rs.3,128 for the next four days.
- Rates fell by Rs.34 on the 21st of May and the week closed at Rs.3,094 per gram.
- The third week of the month also recorded losses and the overall decline in prices over the course of the seven-day period was Rs.46.
May ‘16 - Week 4 (22nd to 31st)
- Gold prices remained constant at Rs.3,094 until the 24th of the month after which a decline of Rs.26 saw prices fall to Rs.3,068 and they remained unchanged for another day.
- Prices fell to Rs.3,040 on the 27th and again by Rs.15 on the 28th and remained at Rs.3,025 on the 28th and the 29th of May.
- A further decline by Rs.22 on the penultimate day of the month pushed prices to Rs.3,003, which was the lowest in May.
- Prices increased by Rs.15 on the last day of the month to close at Rs.3,018.
- Gold prices fell by Rs.136 between the first and last day of May.
|1st April rate||Rs 2,989|
|30th April rate||Rs 3,154|
|Highest rate in April||Rs 3,154 on 30th|
|Lowest rate in April||Rs 2,989 from 1st to 11th|
|% Change||+ 5.52%|
Apr ‘16 - Week 1 (1st to 3rd)
- Demand for gold reduced on account of impending decisions to be taken on a US Federal Rate Hike.
- Protests held in March impacted performance of gold locally, with no change in gold rates observed.
- Prices were steady at Rs 2,989 throughout the week.
Apr ‘16 - Week 2 (4th to 10th)
- A cautious approach by investors held to rigidity in markets, with demand declining.
- Rates were unchanged from the previous week in Nagpur.
- Gold rates stayed constant at Rs 2,989.
Apr ‘16 - Week 3 (11th to 17th)
- Demand for gold increased among investors, signalling a hike in rates.
- Gold traded at Rs 2,989 on 11th.
- Prices increased to Rs 3,038 on 12th and stayed at this mark till 17th.
Apr ‘16 - Week 4 (18th to 24th)
- A lull in the markets was witnessed for most of the week.
- Gold rates remained unchanged at Rs 3,038 till 23rd.
- A marginal drop was witnessed on 24th, as prices fell to Rs 3,033.
Apr ‘16 - Week 5 (25th to 30th)
- Gold rates appreciated during the final week of April.
- Gold traded at Rs 3,033 till 28th, before witnessing a steep rise.
- Prices went up by over Rs 80 on 29th, as gold traded at Rs 3,120.
- The month ended on a high, as gold traded at Rs 3,154.
|1st March rate||Rs 3,068|
|31st March rate||Rs 2,989|
|Highest rate in March||Rs 3,093 from March 12th to 17th|
|Lowest rate in March||Rs 2,989 from March 22nd to 31st|
Mar'16 - Week 1 (1st to 6th)
- Gold rate on March 1st stood at Rs 3,068.
- Protests against new government decisions to hike excise duty on gold led to closure of stores and gold markets.
- Prices remained constant at Rs 3,068 throughout the week due to this reason.
Mar'16 - Week 2 (7th to 13th)
- Protests continued into the second week, leaving trade suspended.
- Prices stayed at Rs 3,068 till the 11th.
- A slight increase was witnessed on 12th as rates moved to Rs 3,093.
Mar'16 - Week 3 (14th to 20th)
- Gold markets remained closed for most of the third week in the city.
- Prices stayed constant at Rs 3,093 till 17th.
- A drop of Rs 60 was witnessed on the 18th, as prices fell to Rs 3,033 and stayed at this mark for the rest of the week.
Mar'16 - Week 4 (21st to 27th)
- Most jewellers were open for business during the week, with rates remaining constant at Rs 3,033 on 21st.
- A marginal drop was witnessed in prices on 22nd, as rates fell to Rs 2,989.
- There was no change in gold rates for the rest of the week.
Mar'16 - Week 5 (28th to 31st)
- As the strike neared an end, almost all jewellery stores were back to business as normal.
- Prices though, stayed constant from the previous week.
- There was no change in gold rates, which remained at Rs 2,989 throughout the week.
|1st February rate||Rs.2,714|
|29th February rate||Rs.3,068|
|Highest rate in February||Rs.3,068 on 27th, 28th and 29th|
|Lowest rate in February||Rs.2,714 on 1st|
Feb '16 - Week 1 (1st to 7th)
- Gold rates appreciated in the 1st week.
- Prices were Rs.2,714 on 1st and Rs.2,882 on 7th.
- Gold was up on all days, settling at Rs.2,882 after gaining Rs.168 over the week.
Feb '16 - Week 2 (8th to 14th)
- Gold rates declined in the 2nd week.
- Prices were Rs.2,875 on 8th and Rs.3,045 on 14th.
- Gold prices breached the 3,000 mark for the first time this month, touching Rs.3,045 on 12th and ending the week at the same rate after fluctuating on 13th.
Feb '16 - Week 3 (15th to 21st)
- Gold was up again in the 3rd week.
- Prices were Rs.2,994 on 15th and Rs.3,028 on 21st.
- Gold dropped to Rs.2,952 on 16th before rallying to Rs.3,028 by the end of the week to once again settle at 3,000 plus rates.
Feb '16 - Week 4 (22nd to 29th)
- Gold rose in the 4th week also, ending a highly positive month for rates.
- Prices were Rs.3,005 on 22nd and Rs.3,068 on 29th.
- Gold did not have any negative sessions in the week, ending the month at net gains that breached 4-year high numbers.
|4 th January rate||Rs.2,621|
|31 st January rate||Rs.2,775|
|Highest rate in January||Rs.2,789 on 27th, 28th and 29th|
|Lowest rate in January||Rs.2,541 on 5th|
- Gold rates were marginally up in the 1st week of trading in the New Year as domestic demand from jewellers picked up and global cues were strong.
- Prices were Rs.2,621 on 4th and Rs.2,630 on 10th.
- Gold lost value to settle at Rs.2,583 by 5th before rallying to Rs.2,630 by 9th.
- Gold was stable at Rs.2,630 on 10th.
- Gold rates declined in the 2nd week.
- Prices were Rs.2,636 on 11th and Rs.2,598 on 17th.
- Gold was stable till 13th before dropping to Rs.2,598 on 14th and remaining stable at that level for the rest of the week.
- Gold gained significant value in the 3rd week.
- Prices were Rs.2,654 on 18th and Rs.2,729 on 24th.
- Prices dropped marginally to Rs.2,644 on 19th but rallied to Rs.2,736 by 22nd.
- Gold prices were volatile in the last two days but settled at Rs.2,729 on 24th.
- Gold appreciated again in the 4th week.
- Prices were Rs.2,729 on 25th and Rs.2,775 on 31st.
- Gold rose to Rs.2,789 by 27th and settled at that level till 29th.
- Rates dropped to Rs.2,700 on 30th but were back to Rs.2,775 on 31st.
|1st December rate||Rs.2,550|
|31st December rate||Rs.2,558|
|Highest rate in December||Rs.2,665 on 5th and 6th|
|Lowest rate in December||Rs.2,550 on 1st|
- Gold rates appreciated in the 1st week of the month.
- It was priced at Rs.2,550 on 1st and Rs.2,596 on 7th.
- Gold rose to Rs.2,630 on 2nd before dropping to Rs.2,665 by 6th.
- There was a gain of Rs.35 on 7th when prices rose to Rs.2,596.
- Gold rates were volatile in the 2nd week.
- Prices were Rs.2,593 on 8th and Rs.2,597 on 14th.
- Gold dripped to Rs.2,565 by 12th.
- Prices rose to Rs.2,664 on 13th but the Rs.67 on 14th to end the week at Rs.2,597.
- Gold rates declined in the 3rd week.
- Prices were Rs.2,576 on 15th and Rs.2,552 on 21st.
- Prices dropped to Rs.2,560 by 18th before breaching Rs.2,600 mark on 19th to settle at Rs.2,614.
- Gold lost Rs.62 on 21st to settle at Rs.2,552.
- Gold rates were highly volatile in the final days of December.
- Prices were Rs.2,562 on 22nd and Rs.2,558 on 31st.
- Gold fluctuated between Rs.2,558 and Rs.2,637 till 27th.
- Prices dropped to Rs.2,558 on 28th and were mostly stable for the rest of the week.
|1st November rate||Rs.2,686.50|
|Highest rate in November||Rs.2,686.50 on 1st|
|Lowest rate in November||Rs.2,550 on 21st, 22nd and 25th|
- Gold rates dropped in the 1st week of the month.
- It was priced at Rs.2,686.50 on 1st and Rs.2,590 on 7th.
- Prices fell continuously for all days of the week except for 3rd when gold rose marginally to Rs.2,680 from Rs.2,674.
- Gold rates declined in the 2nd week.
- Prices were Rs.2,590 on 8th and Rs.2,557 on 14th.
- Gold rose to Rs.2,612 on 9th before falling to Rs.2,580 on 10th and again on 11th to Rs.2,573.50.
- Gold rose by a margin of Rs.54 on 12th to touch Rs.2,627 but lost Rs.26 and Rs.44 on 13th and 14th respectively, to settle at Rs.2,557.
- Gold rates declined marginally overall in the 3rd week.
- Prices were Rs.2,557 on 15th and Rs.2,550 on 21st.
- Gold rose significantly by a margin of Rs.123 on 16th to touch Rs.2,680.
- The gains were lost immediately over the course of next few days as prices dropped to Rs.2,562 by 19th.
- There was a slight gain on 20th when prices rose to Rs.2,571 but lost Rs.14 the next day to settle at Rs.2,557.
- Gold rates were stable overall in the final days of November.
- Prices were Rs.2,550 on 22nd and Rs.2,558 on 30th.
- Gold appreciated to Rs.2,579 on 23rd before settling back on Rs.2,550 on 25th.
- There was another appreciation on 26th which took rates to Rs.2,682.
- Gold lost Rs.24 over the next 2 days to end the month at Rs.2,558.
Market Rates & Gold Price Trends in Nagpur
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 Nagpur.
- Also Check:Today's Gold Rate in Nagpur