Gold Rate In Bhopal

• Team Antworks

Date	Standard Gold (22 K)		Pure Gold (24 K)
	1 gram	8 grams	1 gram	8 grams
24 Feb 2018	₹ 2,995	₹ 23,960	₹ 3,145	₹ 25,160
23 Feb 2018	₹ 2,995	₹ 23,960	₹ 3,145	₹ 25,160
22 Feb 2018	₹ 2,998	₹ 23,984	₹ 3,148	₹ 25,184
21 Feb 2018	₹ 2,998	₹ 23,984	₹ 3,148	₹ 25,184
20 Feb 2018	₹ 2,998	₹ 23,984	₹ 3,148	₹ 25,184
19 Feb 2018	₹ 2,998	₹ 23,984	₹ 3,148	₹ 25,184
18 Feb 2018	₹ 2,998	₹ 23,984	₹ 3,148	₹ 25,184
17 Feb 2018	₹ 2,998	₹ 23,984	₹ 3,148	₹ 25,184
16 Feb 2018	₹ 2,980	₹ 23,840	₹ 3,129	₹ 25,032
15 Feb 2018	₹ 2,955	₹ 23,640	₹ 3,103	₹ 24,824

Gold Rate in Bhopal

Bhopal is the capital of the state of Madhya Pradesh, and is also known as the city of lakes. The city is split by a pair of lakes and both the North and South side have two stark differences in their cityscapes. The north is more predominantly Muslim with a population of over 40% of muslims and is one of India’s highest Muslim concentration. The south of the two lakes is more modern with great roads, shopping complexes, hotels and more. The rate of gold in the city has been on the downward trail after the recent hit to the gold rates worldwide and in India.

Gold Rate Trend in Bhopal for October 2017 to December 2017 (per gram of 24 karat gold)

Factor	October	November	December
1st day	Rs.3,127 per gram	Rs.3,070 per gram	Rs.3,078 per gram
Last day	Rs.3,088 per gram	Rs.3,081 per gram	Rs.3,093 per gram
Highest price	Rs.3,135 per gram on 12,13,14 October	Rs.3,155 per gram on 19, 20 November	Rs.3,094 per gram on 2,3 and 4 December
Lowest price	Rs.3,002 per gram on 23,24 and 25 October	Rs.3,065 per gram on 4, 5 and 6 November	Rs.2,988 per gram on 12, 13 December
Trend	Decline	Incline	Incline
Change	1.24%	0.35%	0.48%

Gold Rate Trend in Bhopal for July 2017 to September 2017 (per gram of 24 karat gold)

Factor	July	August	September
1st day	Rs.3,055 per gram	Rs.2,988 per gram	Rs.3,045 per gram
Last day	Rs.2,988 per gram	Rs.3,045 per gram	Rs.3,127 per gram
Highest price	Rs.3,055 per gram on 1 and 2 July	Rs.3,045 per gram from 29-31 August	Rs.3,186 per gram from 9-13 September
Lowest price	Rs.2,902 per gram on 10 July	Rs.2,978 per gram on 8 August	Rs.3,045 per gram on 1 September
Trend	Decline	Incline	Incline
Change	2.24%	1.87%	2.62%

Gold rate trend in Bhopal for July 2017

• When trading commenced for the month of July, the yellow metal was trading at Rs.3,055 per gram. This was also the highest recorded monthly figure in the in Bhopal.
• Prices dropped to Rs.2,991 per gram on the 3rd due to a significant decline in global as well as domestic demand for the metal.
• Gold rates in Bhopal fluctuated over the next few days due to varying demand for gold, and the precious metal was priced at Rs.2,981 per gram on the 9th.
• However, the 10th witnessed gold touch the lowest recorded monthly figure of Rs.902 per gram due to declining international demand.
• Thanks to steady global demand, gold rates remained unaffected post the implementation of GST in the country, and gold was trading at Rs.2,947 per gram on the 18th.
• Demand increased with the dollar performing poorly, this led to gold rates in Bhopal rising to Rs.2,988 per gram on the 23rd.
• Gold rates in Bhopal stood firm despite the US economic meltdown, and the yellow metal continued trading at Rs.2,988 per gram for the remainder of the month with steady and sustained demand.

Gold rate trend in Bhopal for August 2017

• The month of August began with the precious metal trading at Rs.2,988 per gram with steady industrial demand.
• However, prices plunged to Rs.2,978 per gram on the 8th with investors and retail jewellers delaying their purchases.
• Thanks to strong global cues that proved to be favourable for the gold trade, resulting in the yellow metal prices surging to Rs.3,044 per gram on the 11th.
• Demand, however, declined significantly on the 15th owing to the upcoming US Federal Reserve meeting. This led to gold rates dropping to Rs.3,010 per gram.
• The Asian demand for the metal surged with the US dollar declining, pushing prices up to Rs.3,038 per gram on the 19th.
• Safe-investments witnessed a rise as the overseas relations between North Korea and the US worsened. This resulted in an increased demand for the yellow metal, pushing prices up to Rs.3,045 per gram – the highest recorded monthly figure – on the 29th.
• Gold was trading at Rs.3,045 per gram for the rest of August with steady demand from retailers and investors.

Gold rate trend in Bhopal for September 2017

• Gold was priced at Rs.3,045 per gram, when trading commenced for the month of September in Bhopal.
• North Korea’s announcement on their successful two-stage thermonuclear weapon resulted in the meltdown of the US economy. This resulted in safe-haven investments increase globally, pushing gold rates up to Rs.3,186 per gram from the 9th to the 13th of September.
• Gold held steady at Rs.3,140 per gram for the next few day, before local demand began to decline resulting in gold rates falling to Rs.3,109 per gram on the 22nd.
• The arrival of Dussehra pushed festive sales higher in the local markets, and the precious metal was trading at Rs.3,164 per gram on the 26th.
• The news about the possibility of a new Fed rate hike broke out, strengthening the US dollar value. This resulted in gold rates in Bhopal plunging to Rs.3,127 per gram on the 28th as investors and jewellers refrained from making purchases.
• The rest of the month witnessed steady demand for the metal, and gold continued trading at Rs.3,127 per gram until the 30th.

Gold Rate Trend in Bhopal for April 2017 to June 2017 (per gram of 24 karat gold)

Factor	April	May	June
1st day	Rs.3,011 per gram	Rs.3,061 per gram	Rs.3,046 per gram
Last day	Rs.3,061 per gram	Rs.3,046 per gram	Rs.3,055 per gram
Highest price	Rs.3,061 per gram on 29 April and 30 April	Rs.3,061 per gram on 1 May & 2 May May	Rs.3,077 per gram on 7 June and 8 June
Lowest price	Rs.3,011 per gram from 1 April to 3 April	Rs.2,956 per gram from 11 May to 16 May	Rs.3,046 per gram on 1 June and 2 June
Trend	Incline	Decline	Incline
Change	1.66%	-0.49%	0.29%

Trend of gold rate in Bhopal for April 2017

• When trading began in Bhopal for the quarter on the 1st of April, gold was priced at Rs.3,011 per gram.
• Due to there being no change in demand, gold prices remained at Rs.3,011 per gram on the 2nd and the 3rd.
• Prices went up by Rs.32 per gram on the 4th to go up to Rs.3,043 per gram and continued at the same rate till the 9th of the month, thanks to a rise in international demand.
• On the 10th of April, gold was priced at Rs.3,025 per gram as demand in local circles fell.
• Rates remained at Rs.3,025 per gram on the 11th and continued at the same rate till the 25th due to sustained demand from jewellers in the city.
• On the 26th, gold prices went up to Rs.3,036 per gram as demand spiked slightly.
• The next day, on the 27th, gold prices went up to Rs.3,048 per gram before continuing at the same rate on the 28th as well.
• Over the last two days of the week, gold was seen trading at Rs.3,061 per gram as jewellers invested in the metal more amidst some global cues.

Trend of gold rate in Bhopal for May 2017

• Gold prices were on the decline during the month of May as US dollar prices strengthened and demand for the metal decreased.
• On the 1st of May, gold was trading at Rs.3,061 per gram and continued at the same rate on the 2nd as well.
• However, the 3rd saw gold prices fall significantly – by Rs.40 – to go down to Rs.3,020 per gram on the 3rd.
• By the end of the 9th, gold prices had gone down to Rs.2,977 per gram and kept going down over the next few days.
• As demand kept going down, gold prices went down to as much as Rs.2,956 per gram on the 11th.
• Due to a rise in demand during the third week, i.e., on the 18th, gold prices went up to Rs.3,017 per gram.
• Prices remained at Rs.3,017 per gram till the 24th thanks to a sustained demand for the metal.
• During the last week of June, gold prices went up as there were several concerns in the US regarding President Trump’s administration.
• On the 25th, gold prices had hit Rs.3,028 per gram – a rate which continued till the 29th of the month.
• When trading started for the 30th, gold prices has shot up to Rs.3,048 per gram as reports about a weak dollar hit the market.
• The month ended as gold was still trading at Rs.3,048 per gram while recording a decline of 0.49% for the month.

Trend of gold rate in Bhopal for June 2017

• In June, gold trading prices remained on a relatively high thanks to some increased demand.
• On the 1st of June, gold was trading at Rs.3,046 per gram, which then jumped to Rs.3,059 per gram on the 3rd.
• Gold rates went up further more – to Rs.3,077 per gram – on the 7th as demand increased.
• However, prices went down to Rs.3,053 per gram on the 9th due to low sales amidst a positive US dollar rate.
• Though rates remained unchanged till the 14th, they went down to Rs.3,033 per gram on the 15th, as there was a gradual slowdown in sales.
• For the next 2 weeks, gold prices remained at Rs.3,033 per gram as there was a sustained demand for the metal in local circles.
• Rates rose on the last day of June to go up to Rs.3,055 per gram as demand spiked.

Gold Rate Trend in Bhopal for January 2017 to March 2017 (per gram of 24 karat gold)

Factor	January	February	March
1st day	Rs.2,884 per gram	Rs.2,985 per gram	Rs.3,054 per gram
Last day	Rs.2,985 per gram	Rs.3,054 per gram	Rs.3,011 per gram
Highest price	Rs.2,997 per gram from 16th to 27th January	Rs.3,054 per gram from 24th to 28th February	Rs.3,054 per gram on 1st and 2nd March
Lowest price	Rs.2,884 per gram on 1st & 3rd January	Rs.2,985 per gram on 1st February	Rs.2,968 per gram on 15th of March
Trend	Incline	Incline	Decline
Change	+3.50%	+2.33%	-1.40%

Gold Rate Trend for Bhopal in January 2017:

• Unlike the last quarter of 2016, gold price trends were on the increase during the January to March quarter of 2017.
• This development was vastly due to the arrival of more cash into the system – a phenomenon which wreaked havoc on bullion industry in November 2016.
• On 1st January, gold was trading at Rs.2,884 per gram, which seemed to increase over the next ten days.
• However, as demand seemed to slow down slightly, gold rates fluctuated considerably from 11th to the 15th i.e, the second of January.
• Gold reached its highest rate for the month on 16th when it hit Rs.2,997 per gram and traded at the same rate till the 27th of the month.
• Due to positive sales, gold price trends saw an incline of 3.50% in the month of January.

Gold Rate Trend for Bhopal in February 2017:

• February again was a good month for gold prices in Bhopal as there was a positive trend to be witnessed at the end of the month.
• On 1st, gold was priced at Rs.2,985 per gram which increased and decreased over the subsequent days due to a volatile market.
• US President Donald Trump’s policy decisions seemed to affect the price of gold, which was then coupled with the US Fed rate hike.
• Prices of gold seemed to decrease slightly mid-month as market investors seemed to pull out.
• But, the downturn was temporary, as prices got their momentum back to end the month on a high.
• Price trends in Bhopal increased at the rate of 2.33% for the month of February.

Gold Rate Trend for Bhopal in March 2017:

• The month of March wasn’t a positive month for gold rates in Bhopal as prices seemed to go down later in the month.
• On 1st, when March began, gold was priced at Rs.3,054 per gram, which also happened to be the highest gold rate for the entire month.
• However, as demand fell, gold prices decreased to go down to Rs.3,030 per gram by the 9th.
• Prices hit their lowest for the month on 15th, when gold was trading at Rs.2,985 per gram.
• Despite the fall, gold rates consolidated to end the month at Rs.3,011 per gram.
• Price trends fell by 1.4% during March as the momentum gathered by the previous two months seemed to go down.
• Overall, gold price trends maintained an average of 1.47% incline for the month of March.