Gold Rate in Gurgaon

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

Gold Rate Trend in Gurgaon for January 2018:

• Gold opened at Rs.3,010 per gram in Gurgaon for the 1st quarter of 2018. This rate, which continued on till the 3rd of the month, was the lowest for January.
• The first three weeks saw gold rate in Gurgaon fluctuate quite a bit due to the dynamic between the US dollar and local demand.
• Over the final week, gold hit its highest for the month – trading at Rs.3,121 per gram on 23rd and 24th as demand from the local market surged amid a poor US dollar.
• When the month came to an end, gold price in Gurgaon were recorded at Rs.3,060 per gram as dollar surged against other currencies and demand dropped.
• There was a 1.19% change in gold price trend this month, compared to December 2017, which was brought about by a steady rise is local demand.

Gold Rate Trend in Gurgaon for February 2018:

• February’s gold trading was marked by a largely tame equity market, which went through a number of changes due to changing dynamics.
• On the 1st of February, the yellow metal was priced at Rs.3,077 per gram before dropping consistently for the most part of the first two weeks.
• During this period, the gold rate in Gurgaon dropped to their lowest of Rs.3,035 per gram on the 8th.
• A strong local demand brought about by the wedding season helped gold gain during the third week of the month.
• Gold recorded its highest rate on the 18th of February when it traded at Rs.3,161 per gram.
• As the month progressed, considerable changes were recorded with prices rising and falling on a regular basis.
• Towards the end of the month, demand slid while the dollar consolidated. The metal traded at Rs.3,129 per gram on the final day of the month.
• Gold price in Gurgaon improved on the January’s performance and recorded a 1.68% rise this month.

Gold Rate Trend in Gurgaon for March 2018:

• When the third month of this quarter opened for trading, gold was priced at Rs.3,113 per gram.
• As cues from the global market was positive, gold prices picked up as the weeks progressed. The metal was trading as high as Rs.3,134 per gram at the end of week 2.
• The rise was however curbed by an improving equity market, which eased tensions over a falling US dollar.
• Gold was at its lowest point this month on the 19th and 20th when it traded at Rs.3,098 per gram.
• With demand remaining steady around the 25th, amid a poor US dollar, gold rate in Gurgaon went up to a monthly high figure of Rs.3,171 per gram.
• Demand eased and prices came down to Rs.3,134 per gram on the last day of this month.
• A change of 0.67% was recorded this month, thanks to a steady demand from local buyers.

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