Gold Rate in Haryana
Gold rates in Haryana depend on various factors such as gold imports, current account deficit of India, global oil prices, strength of the dollar and US Fed interest rate rike among others. The price of the yellow metal touched a 4-year low in India and over a five-year low across the globe this year. About 60% of the demand for gold originates from rural India. Consequently, crop failure, inadequate monsoon and decreasing purchasing power will invariably hit gold sales, especially during weddings, according to experts.
Daily Gold Rates
| Date | Standard Gold (22 K) | Pure Gold (24 K) | ||
| 1 gram | 8 grams | 1 gram | 8 grams | |
| 25 Feb 2018 | ₹ 2,975 | ₹ 23,800 | ₹ 3,124 | ₹ 24,992 |
| 24 Feb 2018 | ₹ 2,975 | ₹ 23,800 | ₹ 3,124 | ₹ 24,992 |
| 23 Feb 2018 | ₹ 2,970 | ₹ 23,760 | ₹ 3,119 | ₹ 24,952 |
| 22 Feb 2018 | ₹ 2,975 | ₹ 23,800 | ₹ 3,124 | ₹ 24,992 |
| 21 Feb 2018 | ₹ 2,985 | ₹ 23,880 | ₹ 3,134 | ₹ 25,072 |
| 20 Feb 2018 | ₹ 3,000 | ₹ 24,000 | ₹ 3,150 | ₹ 25,200 |
| 19 Feb 2018 | ₹ 3,010 | ₹ 24,080 | ₹ 3,161 | ₹ 25,288 |
| 18 Feb 2018 | ₹ 3,010 | ₹ 24,080 | ₹ 3,161 | ₹ 25,288 |
| 17 Feb 2018 | ₹ 2,990 | ₹ 23,920 | ₹ 3,140 | ₹ 25,120 |
| 16 Feb 2018 | ₹ 2,990 | ₹ 23,920 | ₹ 3,140 | ₹ 25,120 |
Trend of Gold Rate in Haryana for January 2018 (rates per gram for 24 karat gold)
| Parameters | Gold price (24 karat) |
| Gold Rate on 1st January 2018 | Rs.3,010 per gram |
| Gold Rate on 31st January 2018 | Rs.3,066 per gram |
| Highest Rate in January | Rs.3,120 per gram on 24 and 25 January |
| Lowest Rate in January | Rs.3,010 per gram on 1,2 and 3 January |
| Overall Monthly Performance | Incline |
| Percentage Change | 1.86% |
Trend of Gold Rate in Haryana for December 2017 (rates per gram for 24 karat gold)
| Parameters | Gold price (24 karat) |
| Gold Rate on 1st December 2017 | Rs.3,016 per gram |
| Gold Rate on 31st December 2017 | Rs.3,020 per gram |
| Highest Rate in December | Rs.3,036 per gram from 2 to 4 December |
| Lowest Rate in December | Rs.2,910 per gram on 11 to 13 December |
| Overall Monthly Performance | Incline |
| Percentage Change | 0.13% |
December 2017 – Week 1 (1st to 10th)
- Earlier, the normalization of monetary policy hurt the overall price of gold. But such adjustments are likely to be commenced in synchronization with the rising inflation. Considering this, gold rates in Haryana on the initial day opened at Rs.3,026 per gram.
- However, a drop in demand by local jewellers and retailers led to gold rates declining to Rs.3,016 per gram on 2 December.
- With a decline in the dollar rate, the gold rate in Haryana rose to Rs.3,036 per gram on 3 December. This was also recorded as the highest price of the month and remained unaltered for the next two days with steady demand for the metal.
- The strong dollar rates resulted in gold prices declining towards the end of the week. On 6 December, prices plunged to Rs.2,998 per gram which nudged further down to Rs.2,983 per gram on 7 December.
- Steady domestic demand compounded by strong overseas trends led to gold holding steady at Rs.2,983 per gram on 8 December.
- With a boost in the dollar rate, bullion plunged to Rs.2,955 per gram on 10 December.
December 2017 – Week 2 (11th to 17th)
- The U.S. tax reform plan helped the yellow metal to break out from a constricted trading range in the second week.
- With respect to an incline in the dollar rate, gold trade in Haryana commenced with the precious metal trading at Rs.2,955 per gram on 11 December.
- Gold, however, broke below the standard trading scale and collapsed to its lowermost at Rs.2,940 per gram on 12 December.
- Gold price in Haryana remained untouched at Rs.2,940 per gram until 14 December with steady domestic demand.
- Gold rates recovered after the U.S. Federal decided on its interest rates. This resulted in gold being traded at Rs.2,960 per gram on 15 December.
- Again, high-interest rates declined gold prices to Rs.2,945 per gram on 16 December and Rs.2,955 per gram on 17 December.
December 2017 – Week 3 (18th to 24th)
- With an incline in the dollar index, the bullion was decreased further to Rs.2,950 per gram on 18 December. The price remained unaltered at Rs.2,950 per gram on 19 December.
- On 20 December and 21 December, the yields on the U.S. Treasury rose and prompted the rates to incline to Rs.2,960 per gram and Rs.2,965 per gram respectively.
- With fallback in the equities and dollar rate even after the tax reform legislation, gold rate in Haryana remained steady at Rs.2,965 per gram the next day.
- As a result of the marginal downturn in international demand, the yellow metal dropped to Rs.2,985 per gram on 24 December.
December 2017 – Week 4 (25th to 31st)
- The final week commenced with the precious metal trading at Rs.2,985 per gram on 25 December.
- The yellow metal in Haryana traded at Rs.2,975 per gram on 26 December and rose further to Rs.2,985 per gram on 27 December.
- As the week progressed, the precious metal was being traded at Rs.3,015 per gram and Rs.3,020 per gram on 29 December and 30 December respectively.
- The month concluded with the bullion being priced at Rs.3,020 per gram on 31 December. Gold prices in Haryana rose by 0.13% due to strong demand amid the positive global cues.
Trend of Gold Rate in Haryana for November 2017 (rates per gram for 24 karat gold)
| Parameters | Gold price (24 karat) |
| Gold rate on 1st November 2017 | Rs.3,006 per gram |
| Gold rate on 30th November 2017 | Rs.3,026 per gram |
| Highest Rate in November | Rs.3,060 per gram from 18 to 20 November |
| Lowest Rate in November | Rs.3,006 per gram on 1 November |
| Overall Monthly Performance | Incline |
| Percentage Change | 0.66% |
November 2017 – Week 1 (1st to 5th)
- The bullion trade opened in Haryana with the precious metal priced at Rs.3,006 per gram on the 1st of November.
- Thanks to a positive demand for the metal from industries and jewellers in the domestic markets, the gold rate in Haryana surged to Rs.3,020 per gram on the 2nd.
- However, with the US dollar strengthening and equities market recovering, gold prices declined as the week progressed.
- On the 3rd, gold price in Haryana dropped to Rs.3,015 per gram before plunging further to Rs.3,010 per gram the following day amid weak global cues.
- Despite the poor trend overseas, steady demand for the metal in the domestic trade resulted in the week ending with gold holding steady at Rs.3,010 per gram on the 5th
November 2017 – Week 2 (6th to 12th)
- The second week commenced with gold trading relatively lower at Rs.3,005 per gram on the 6th with the US dollar dominating over other major emerging currencies.
- However, with the dollar losing its ground and the equities performing poorly, the precious metal was seen trading higher for much of the week.
- The 7th witnessed gold rate in Haryana surging to Rs.3,025 per gram due to an increase in purchases by local jewellers, retailers and industries amid the positive trend overseas.
- The next couple of days saw gold holding steady at Rs.3,035 per gram owing to a strong global demand for the metal amid the weakened US dollar.
- On the 10th, with investors and stockists mulled over the possibilities of an interest rate hike by the Federal Reserve led to gold price in Haryana surging to Rs.3,045 per kg.
- Steady domestic demand coupled with firm trends overseas led to gold being priced at Rs.3,045 per gram for the remainder of the week.
November 2017 – Week 3 (13th to 19th)
- When trading commenced for the third week, gold was recorded trading at Rs.3,035 per gram on the 13th with a slight drop in global demand.
- Prices rebounded to Rs.3,045 per gram on the 14th after equities market took a hit following the political crisis in the Middle East.
- The 15th saw gold rate in Haryana rising further to Rs.3,050 per gram with the safe-haven appeal for the metal restored amid the rising geopolitical tensions between Iran and Saudi Arabia.
- The next two day witnessed gold price in Haryana declining with the US economy recovering from the initial downfall and the precious metal was priced at Rs.3,040 per gram and Rs.3,030 per gram on the 16th and the 17th respectively.
- The 18th, however, saw the bullion prices surging to Rs.3,060 per gram – the highest recorded monthly figure – after the strong trend overseas led to an increase in safe-haven demand for the precious metal.
- Strong demand coupled with positive global cues resulted in gold being priced at Rs.3,060 per gram when the week ended on the 19th.
November 2017 – Week 4 (20th to 26th)
- Trading began for the week with the precious metal priced at Rs.3,060 per gram on the 20th amid steady demand in the global as well as domestic trade.
- However, gold price in Haryana plunged to Rs.3,035 per gram on the 21st which further dropped to Rs.3,026 per gram on the 22nd as demand for the metal declined amid the poor trends overseas.
- However, the increased buying by local industries and jewellers despite the weak global cues led to gold rates rebounding to Rs.3,046 per gram on the 23rd.
- The strong dollar index coupled with firmer equities led to gold rate in Haryana plummeting to Rs.3,036 per gram on the 25th.
- The week came to an end with the yellow metal holding steady at Rs.3,036 per gram during the closing hours on the 26th.
November 2017 – Week 5 (27th to 30th)
- Gold was priced at Rs.3,045 per gram on the 27th when the last week began in Haryana. The rise in prices was attributed by the incline in domestic demand amid a strong overseas trend.
- Gold price in Haryana declined further during the week due a possible hike in the Federal Reserve’s benchmark interest in the monetary policy meeting next month.
- A subdued but steady demand amid the uneven overseas trends resulted in the bullion being priced at Rs.3,040 per gram on the 28th and the 29th.
- The month concluded with the yellow metal trading at Rs.3,026 per gram after the dollar strengthened after Trump’s new US tax reform plan.
- Haryana witnessed gold price in Haryana rise by 0.66% during the course of the month owing to positive global cues coupled with strong global demand for the metal.