May 2
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Gold Rate In Gujarat
Gujarat jewelry is famous across the globe, with diamond encrusted gold jewelry from Surat attracting worldwide attention. A high per capita income and great investment acumen have ensured that gold is high on the mind of Gujaratis.
Gold Rate Trend in Gujarat for January 2018 to March 2018 (per gram of 24 karat gold)
| Factor | January | February | March |
| 1st day | Rs.3,086 per gram | Rs.3,138 per gram | Rs.3,159 per gram |
| Last day | Rs.3,120 per gram | Rs.3,159 per gram | Rs.3,149 per gram |
| Highest price | Rs.3,171 per gram on 25 January | Rs.3,175 per gram on 20 February | Rs.3,182 per gram from 27 to 30 March |
| Lowest price | Rs.3,082 per gram on 5 January | Rs.3,092 per gram on 9 and 10 February | Rs.3,109 per gram on 20 March |
| Trend | Incline | Incline | Decline |
| Change | 1.10% | 0.66% | -0.31% |
Gold Rate Trend in Gujarat for October 2017 to December 2017 (per gram of 24 karat gold)
| Factor | October | November | December |
| 1st day | Rs.3,109 per gram | Rs.3,087 per gram | Rs.3,068 per gram |
| Last day | Rs.3,087 per gram | Rs.3,078 per gram | Rs.3,086 per gram |
| Highest price | Rs.3,133 per gram from 12 to 16 October | Rs.3,113 per gram on 20 and 21 November | Rs.3,086 per gram on 30 and 21 December |
| Lowest price | Rs.3,073 per gram on 27 and 28 October | Rs.3,057 per gram from 4 to 6 November | Rs.2,990 per gram on 14 December |
| Trend | Decline | Decline | Incline |
| Change | -0.70% | -0.29% | 0.58% |
Gold Rate Trend in Gujarat for October 2017:
- Gold was priced at Rs.3,109 per gram when the month of October began.
- Prices seemed to drop during the first week but surged amid positive cues from the global market.
- On the 12th, gold rates went up to Rs.3,133 per gram – the month’s highest gold rate. This continued on till the 16th of the month, thanks to steady demand.
- Gold prices in Gujarat seemed to fall slightly over the next few days as the US dollar strengthened.
- The 27th saw gold rates hit the lowest for the month of Rs.3,073 per gram. This was due to poor local demand brought on by a steady rise in dollar value.
- When the month came to an end, gold rates were recorded at Rs.3,087 per gram – a Rs.22 decline from the first day’s prices.
- Price trends had declined by 0.70% due to poor demand from the domestic market.
Gold Rate Trend in Gujarat for November 2017:
- When November began, gold was priced at Rs.3,087 per gram.
- A poor global demand brought gold rates down during the initial few days with the metal trading at Rs.3,057 per gram from 4th to 6th November – the lowest for the month.
- As the US dollar seemed to fall slightly amid concerns over the Donald Trump administration, gold rates seemed to increase.
- A rise in demand towards the 20th of the month led to gold trading at Rs.3,113 per gram – the month’s highest gold rate.
- When the month ended, gold was seen trading at Rs.3,078 per gram. There was a decline in gold rates during this month as well and prices fell by 0.29%.
Gold Rate Trend in Gujarat for December 2017:
- The last month of 2017 saw gold rate increase, thanks to the tax reform introduced by Donald Trump, which wasn’t very well received by the market.
- On the 1st of December, the yellow commodity was seen trading at Rs.3,068 per gram.
- Demand for the metal remained weak during the initial few days. Rates hit a monthly low of Rs.2,990 per gram on 14 December after US treasury yields increased.
- However, rates picked up from then on and the metal traded in the Rs.3,000 plus range for the remaining few days of the month.
- Gold prices in Gujarat were at their highest for the month on the 29th and 30th of the month, when the metal traded at Rs.3,086 per gram.
- Overall, December recorded a price rate increase of 0.58% and helped end 2017 on a positive note.
