Apr 25

Gold Rate In Assam

Team Antworks

Assam, the land of tea and forests is a state with a rich cultural heritage and background. While it might be small in size, it forms an integral part of India, offering a new perspective to life in the hills. Home to some major towns and cities in the northeast, Assam has always been viewed as a prosperous place, one conducive for investments and business. Gold is intrinsic to the culture of Assam, occupying a place in the hearts and souls of residents here.

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

Parameters	Gold price (24 karat)
Gold Rate on 1st March	Rs.3,143 per gram
Gold Rate on 31st March	Rs.3,159 per gram
Highest Rate in March	Rs.3,198 per gram on 25 & 26 March
Lowest Rate in March	Rs.3,117 per gram on 20 March
Overall Monthly Performance	Incline
Percentage Change	0.50%

March 2018- Week 1 (1st-4th):

Gold prices in Assam were stable in the first week of March, trading at Rs.3,143 per gram when trading opened on 1 March.
Demand was steady and there was no change in price for most of the short week.
International demand also saw little in the way of fluctuation in prices, which helped keep local prices stable.
A jump was seen as the week ended, with gold trading at Rs.3,163 per gram on 4 March.

March 2018- Week 2 (5th-11th):

There was some fluctuation in the price of gold in the second week, as market forces and international demand influenced local prices and demand.
Gold was priced at Rs.3,163 per gram on 5 March but prices fell due to a slackening of demand from jewellers as the wedding season came to an end.
Prices fell to Rs.3,153 per gram on 7 March as local demand dropped on steady stock market performance before rising to Rs.3,170 per gram on 8 March due to demand vagaries.
Industrial demand was strong overseas but did not impact local prices much, which led to gold falling to Rs.3,143 per gram on 10 March in spite of robust trade in the commodity across the world, especially in Asian countries.
A marginal rise in price was seen as the week drew to a close with the yellow metal trading at Rs.3,149 per gram on 11 March.

March 2018- Week 3 (12th-18th):

There was a steady decline in gold prices as stock markets rose and the U.S. Dollar strengthened over the course of the week.
The precious metal began the week trading at Rs.3,149 per gram on 12 March but soon fell to Rs.3,136 per gram on 14 March as local demand dropped on stagnant demand.
International demand was also muted as the U.S. Dollar regained some of its lost value after positive unemployment data.
Gold briefly rose to Rs.3,156 per gram on 15 March before prices once again plunged on declining orders from industry.
The precious metal traded at Rs.3,132 per gram on 18 March as demand was low across domestic and international markets.

March 2018- Week 4 (19th-25th):

Gold prices saw a steep rise towards the middle of the week as volatile geopolitical situations as well as a shake-up in the U.S. State Department led to markets plunging.
The week opened with gold priced at Rs.3,132 per gram on 19 March, with prices rising to Rs.3,140 per gram on 21 March as U.S. stocks tried to recover from the surprise sacking of the U.S. Secretary of State.
Prices rose to Rs.3,162 per gram on 23 March as the dollar fell on market uncertainty over the Fed’s meeting and the possibility of economic tightening policies.
Gold surged as the week ended, with the yellow metal trading at Rs.3,198 per gram on 25 March.

March 2018- Week 5 (26th-31st):

The price of gold was steady towards the start of the week before a sharp drop in demand saw prices plunge later.
Gold opened the week trading at Rs.3,198 per gram on 26 March as investor sentiment favoured safe-haven assets after a period of market turbulence.
There was a gradual drop in price over the course of the week, with gold prices falling as industrial demand dropped.
The yellow metal fell to Rs.3,192 per gram on 28 March before falling to Rs.3,179 per gram on 29 March as retail demand stagnated.
Demand from jewellers was also poor, as gold fell further to Rs.3,159 per gram on 31 March.
In spite of the sudden drop in price, gold prices rose by 0.50% over the course of the month.

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

Parameters	Gold price (24 karat)
Gold Rate on 1st February 2018	Rs.3,146 per gram
Gold Rate on 28th February 2018	Rs.3,163 per gram
Highest Rate in February	Rs.3,191 per gram on 18 & 19 February
Lowest Rate in February	Rs.3,105 per gram on 11 & 12 February
Overall Monthly Performance	Incline
Percentage Change	0.54%

February 2018 – Week 1 (1 -4 ):

Gold opened at Rs.3,146 per gram when February’s trading began in Assam.
The same rate was recorded on the 2nd as well as demand from the local market remained steady.
On the 3rd, gold rates in Assam rose to Rs.3,166 per gram as equity markets from around the world underwent some changes and investors used gold as a hedge.
The previous day’s demand, however, was unsustainable and gold rates dropped to RS.3,140 per gram on the 4th as a result of this.

February 2018 – Week 2 (5 -11):

When the second week of February began, gold was still priced at Rs.3,140 per gram as the markets seemed to recover, keeping gold demand at a low.
Demand from local jewellers remained steady throughout the ordeal on the 6th before surging by Rs.19 to Rs.3,159 per gram on the 7th.
The previous day’s rise could be chalked up to vastly fluctuating markets, which pushed local demand up.
However, the 8th recorded one of the steepest fall in prices this month, owing to poor trading conditions locally.
Gold prices dropped to as low as Rs.3,126 per gram on the 9th- a Rs.33 decline in a span of a day.
Gold rate in Assam dropped further as the week ended and they were seen holding at Rs.3,105 per gram on the 11th February.

February 2018 – Week 3 (12th – 18th):

During this week, gold rates seemed to increase considerably, thanks to valentine’s day and the subsequent surge in demand it brought.
When the week began on the 12th, the yellow metal traded at Rs.3,105 per gram which subsequently rose to Rs.3,173 per gram on the 13th.
Ths Rs.68 spurt in less than a day was brought about by the imminent arrival of Valentine’s day.
Despite industrial demand remained low, gold rates were helped on the retail industry, and gold rate in Assam rose to Rs.3,191 per gram on the 18th of February.
Gold traded at its highest on the final day of the week, thanks to strong local demand.

February 2018 – Week 4 (19th – 25th):

Gold seemed to hit its normal stride this week as the various rises in demand from the previous weeks came to a halt.
On the 19th of February, gold was priced at Rs.3,191 per gram. This fell as the days progressed owing to a consistent decrease in demand.
The 20th saw gold price in Assam drop to Rs.3,187 per gram before dropping again to Rs.3,168 per gram the next day as the dollar strengthened.
As local demand saw little chances of improving, gold demand dropped. This caused prices to drop to Rs.3,155 per gram on the 22nd.
During the 23rd and 24th of February, gold traded at Rs.3,154 per gram but rose to Rs.3,158 per gram on the final day of this week.

February 2018 – Week 5 (26th – 28th):

Gold demand was a little haphazard during the final week of February. The week began with the metal trading at Rs.3,158 per gram.
This surged to Rs.3,170 per gram as local demand increased briefly.
On the final day of this month, i.e., the 28th, gold rates dropped to Rs.3,163 per gram.
All in all, gold prices saw a 0.54% increase in prices over the course of the month.

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

Parameters	Gold price (24 karat)
Gold Rate on 1st January 2018	Rs.3,090 per gram
Gold Rate on 31st January 2018	Rs.3,127 per gram
Highest Rate in January	Rs.3,172 per gram on 25 January
Lowest Rate in January	Rs.3,090 per gram on 1 and 2 January
Overall Monthly Performance	Incline
Percentage Change	1.19%

January 2018 – Week 1 (1 to 7):

When trading began in Assam, the bullion was priced at Rs.3,090 per gram on the 1st of January amid positive trends overseas.
Thanks to steady demand from local jewellers, retailers and industries, prices remained untouched at Rs.3,090 per gram on the 2nd.
With the US dollar losing ground against other apex currencies, demand for the bullion surged. This led to gold rates rising to Rs.3,099 per gram on the 3rd which surged further to Rs.3,103 per gram on the 4th amid firm international trends.
However, with markets refraining from making purchases ahead of the US employment data, gold prices dropped to Rs.3,088 per gram on the 5th.
With the US jobs data reporting a decline in the number of jobs contributing to the US economy, the dollar plunged. This led to rates rising to Rs.3,107 per gram on the 6th.
The week came to an end with the yellow metal trading at Rs.3,107 per gram on the 7th with steady but subdued demand from jewellers and industries.

January 2018 – Week 2 (8 to 14):

The second week began with gold prices holding at Rs.3,102 per gram on the 8th amid firm overseas trends.
The 9th saw gold rates plunging to Rs.3,101 per gram after the strengthening US greenback resulted in reduced demand for the precious metal.
With the dollar holding on to its previous gains in the global markets, gold rates in Assam plummeted to Rs.3,099 per gram on the 11th.
However, the 12th saw silver prices rebounding to Rs.3,120 per kg after the dollar lost significant ground against a basket of other emerging currencies. This also led to the bullion touching near seven-week highs in the international bullion market.
Firm trends overseas coupled with strong domestic demand from industries, retailers and jewellers led to gold prices rising further to Rs.3,131 per gram on the 14th.
The week came to an end with the yellow metal prices holding at Rs.3,146 per gram on the 14th with strong local demand amid the positive global cues.

January 2018 – Week 3 (15 to 21):

When trading commenced for the third week, the bullion prices were recorded at Rs.3,146 per gram on the 15th.
With investors and traders mulled over by a possible US government shutdown, the US dollar index lost against other apex currencies. This led to gold rares rising further to Rs.3,157 per gram on the 16th.
An increased global demand coupled with strong overseas trends led to gold prices rising further to Rs.3,167 per gram on the 17th.
Prices remained unaltered at Rs.3,167 per gram on the 18th before plunging to Rs.3,147 per gram the following day with the US dollar index regaining lost ground from the previous days’ losses.
The 20th saw gold prices rising slightly to Rs.3,149 per gram after demand remained flat amid the steady greenback.
The week concluded with the yellow metal prices holding steady at Rs.3,149 per gram on the 21st with steady demand from industries, jewellers and retailers.

January 2018 – Week 4 (22 to 28):

The bullion was recorded trading at Rs.3,149 per gram on the 22nd, when the week began in Assam.
With the dollar losing against a basket of other major currencies, demand for the precious metal surged. This led to gold rates rising to Rs.3,161 per gram on the 23rd.
Steady demand coupled with firm trend overseas led to gold being priced at Rs.3,161 per gram on the 24th as well.
With gold hitting its highest in the last 16 months, prices surged to Rs.3,172 per gram – the highest recorded monthly figure – on the 25th.
However, with the dollar recovering from its previous streak of losses, demand for the yellow metal declined.
The week came to an end with gold rates holding at Rs.3,132 per gram on the 28th with subdued demand amid the weak global cues.

January 2018 – Week 5 (29 to 31):

The final week of bullion trading began with the yellow metal priced at Rs.3,132 per gram on the 29th.
The 30th saw gold prices in Assam remaining untouched at Rs.3,132 per gram with the US dollar holding on to its previous gains in the global trade.
With the US dollar gaining ahead of the US Federal Reserve’s monetary policy meeting, gold rates dropped to Rs.3,127 per gram on the last day.
The bullion trade registered an incline of 1.19% in gold rates following the poor performances by the US dollar and strong safe haven appeal for the metal during the course of the year.