Gold Rate in Cuttack

Gold Rate Trend in Cuttack for January 2018 to March 2018 (per gram of 24 karat gold)

Gold Rate Trend in Cuttack for January 2018:

• Gold opened at Rs.3,090 per gram when trading commenced for the first month of Q1 2018.
• The US dollar was weak during the first few days of the month, which caused gold rates to surge to Rs.3,103 per gram by the 4th.
• However, the announcement of US jobs data caused gold rate in Cuttack to plummet to Rs.3,088 per gram – the month’s lowest rates – on the 5th of January.
• After the jobs data turned out to be weak, gold bounced back to trade at Rs.3,107 per gram on the 6th.
• Gold fluctuated largely over the first three week before seeing significant surges towards the fourth and fifth week of the month.
• On the 25th, gold traded at Rs.3,172 per gram – the month’s highest rate – as dollar went through a torrid phase and gold investors capitalised on that.
• When the month came to an end, gold was priced at Rs.3,127 per gram and a 1.19% incline was recorded over this month’s trading.

Gold Rate Trend in Cuttack for February 2018:

• The metal opened at Rs.3,146 per gram when the second month of Q1 2018 began. Gold prices were on the incline this month as well, thanks to steady local demand and a poorly performing dollar.
• Gold rate in Cuttack fluctuated largely for much of the month before recording the month’s lowest rate between the 10th to the 13th of the month when it traded at Rs.3,103 per gram.
• During the Valentine’s day – which also happened to be the wedding season- gold price in Cuttack surged. This was due to increased buying from retailers.
• As demand kept improving during the 3rd week, gold rates went up to a monthly high figure of Rs.3,191 per gram on the 18th and the 19th of this month.
• However, as demand subsided, gold rates declined to close at Rs.3,163 per gram on the final day of the month.
• Gold rates saw a 0.53% incline this month, thanks to steady local demand brought about by the wedding season.

Gold Rate Trend in Cuttack for March 2018:

• Gold price in Cuttack had dropped by Rs.20 when trading for the month of March began.
• On the 1st, gold was priced at Rs.3,143 per gram – as opposed to Rs.3,163 per gram  at the time of previous month’s closing.
• Rates fluctuated quite a bit this month for the first three weeks before a rising dollar pushed rates down to Rs.3,117 per gram on the 20th – the lowest for the month.
• However, the resurgence of the dollar decline halted and gold rate in Cuttack went down to a monthly high rate of Rs.3,198 per gram over the 25th and the 26th.
• Gold consolidated over the final five days of March and close at Rs.3,159 per gram when the quarter came to an end.
• Price trends saw a 0.50% incline this month, thanks to a rise seen towards the final few days of March 2018.

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

Gold Rate Trend in Cuttack for October 2017:

• In Odisha’s city, Cuttack, gold started trading at Rs.3,040 per gram when the final quarter of 2017 began.
• Demand for gold this month remained weak due to various factors and was mainly dominated by a strong US dollar.
• Gold price in Cuttack hit their lowest point on the 12th when it traded at Rs.2,842 per gram – a massive fall.
• Prices surged back just as they fell and gold recorded its highest rate for the month on the 14th and the 15th when it traded at Rs.3,059 per gram.
• From the 16th onwards, gold rate in Cuttack witnessed a dip, which was because of a considerably declined demand from local circles.
• When the month came to an end, gold was seen trading at Rs.2,996 per gram.
• Price trends saw a 1.44% decline this month due to weak sales and a strong dollar.

Gold Rate Trend in Cuttack for November 2017:

• Gold opened at Rs.2,974 per gram when trading commenced for the month of November. This continued on till the 6th of the month as demand for the metal remained steady.
• Rates from the 1st to the 6th were also the lowest for the month – which signalled that better days were yet to arrive.
• Gold price in Cuttack continued to rise as the days progressed and gold traded at Rs.3,030 per gram on the 18th of the month.
• Days from the 18th to the 20th saw gold trade at their highest for this month as purchases from jewellers was on the rise.
• The 21st onwards saw gold prices consolidate for the metal to trade at Rs.2,996 per gram. There was a 0.73% incline in prices witnessed this month.

Gold Rate Trend in Cuttack for December 2017:

• The final month of Q4 2017 saw gold prices remain largely on the incline. This happened despite the impact the latest tax structure had on the economy.
• On the 1st of December, gold was priced at Rs.2,982 per gram – a relatively poor price compared to other cities in the country.
• However, with demand falling amid a late yet strong response to the US President Donald Trump’s latest tax break, gold rates plummeted to Rs.2,906 per gram on the 13th of December.
• As days progressed, gold prices seemed to be on the incline. This was largely because of a poor US dollar.
• The yellow metal’s prices were at their highest this month when it was trading at Rs.3,015 per gram over the 30th and the 31st of the month.
• Gold price trends in Cuttack saw a 1.10% rise, owing to strong sales over the course of the month.