Jun 15
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Gold Rate In Aligarh
Aligarh is a well-known city in the state of Uttar Pradesh. The city is most popular for its university that houses some of the brightest minds of the nation. Aligarh played a crucial role during the pre-independence era and continues to be a culturally influential place.
Gold Rate Trend in Aligarh for January 2018 to March 2018 (per gram of 24 karat gold)
| Factor | January | February | March |
| 1st day | Rs.3,010 per gram | Rs.3,077 per gram | Rs.3,113 per gram |
| Last day | Rs.3,066 per gram | Rs.3,129 per gram | Rs.3,134 per gram |
| Highest price | Rs.3,120 per gram on 24 and 25 January | Rs.3,161 per gram on 18 and 19 February | Rs.3,171 per gram on 25 and 26 March |
| Lowest price | Rs.3,010 per gram from 1 to 3 January | Rs.3,035 per gram on 9 February | Rs.3,098 per gram on 19 & 20 March |
| Trend | Incline | Incline | Incline |
| Change | 1.19% | 1.68% | 0.67% |
Gold Rate Trend in Aligarh for January 2018:
- Gold prices in Aligarh saw considerable changes over the course of January 2018, thanks to a rapidly fluctuating market demand.
- When the month began, gold was priced at Rs.3,010 per gram. This continued on till the 3rd of the month as demand remained steady. Also, rates recorded over these three days were the lowest for the month.
- After considerable changes initially, the metal recorded its highest rate for this month on the 24th and the 25th of the month, when it traded at Rs.3,120 per gram.
- This rise was due to a declining US dollar, which was hit by a weak equity market.
- Gold consolidated as the final week wore on to trade at Rs.3,060 per gram at the time of closing on the 31st of January.
- A price incline of 1.19% was recorded over the course of this month’s trading.
Gold Rate Trend in Aligarh for February 2018:
- During February 2018, gold continued on its upward trajectory with the aid of poor equity markets which helped the precious metal gain in its stature.
- On the 1st of February, gold was priced at Rs.3,077 per gram. Although, the month began strongly, prices fluctuated over the course of the first two weeks as the dollar was holding strong.
- The 9th saw gold trade at its lowest monthly rate of Rs.3,035 per gram as markets stabilised after a jittery start and gold prices plummeted as a result.
- Gold rate in Aligarh surged during the third week, thanks to a strong local demand courtesy of the wedding season. Gold rates reached their highest for the month on the 18th and the 19th when the it traded at Rs.3,161 per gram.
- From the 20th onwards, the yellow metal’s rates consolidated as the US dollar firmed up against other currencies.
- When the month came to an end, the metal was priced at Rs.3,129 per gram, and recorded at 1.68% incline in prices.
Gold Rate Trend in Aligarh for March 2018:
- When March began, gold was priced at Rs.3,113 per gram. Gold saw consistent improvement over the initial few days as it was helped by a strong local demand.
- During the second week, gold demand increased, and rates went up to as high as Rs.3,134 per gram.
- However, demand subsided after the slightly busy period and, as a result, rates fell. The yellow metal traded at monthly low rates of Rs.3,098 per gram over the 18th and 19th of the month.
- This didn’t last long though, as gold bounced back within less than a week to record its highest rate of Rs.3,171 per gram on the 25th and the 26th.
- The month drew to a close with gold prices consolidating down to Rs.3,134 per gram.
- Gold price trends in Aligarh witnessed a 0.67% incline this month owing to strong demand and a weak US dollar.
Gold Rate Trend in Aligarh for October 2017 to December 2017 (per gram of 24 karat gold)
| Factor | October | November | December |
| 1st day | Rs.3,063 per gram | Rs.3,006 per gram | Rs.3,016 per gram |
| Last day | Rs.3,026 per gram | Rs.3,026 per gram | Rs.3,020 per gram |
| Highest price | Rs.3,072 per gram on 12, 13, and 14 October | Rs.3,060 per gram on 18, 19 and 20 November | Rs.3,036 on 2, 3 and 4 December |
| Lowest price | Rs.3,028 per gram on 6 October | Rs.3,005 per gram on 6 November | Rs.2,940 per gram on 11,12 and 13 December |
| Trend | Decline | Incline | Incline |
| Change | 1.20% | 0.66% | 0.13% |
Gold Rate Trend in Aligarh for October 2017:
- In Aligarh – the Uttar Pradesh city – gold opened at Rs.3,063 per gram when trading commenced for the final quarter of 2017.
- Gold rate in Aligarh this month saw a decline as local demand was weak while the US dollar index continued to remain strong against other currencies.
- The yellow metal was trading at its highest from the 12th to the 16th at Rs.3,072 per gram – thanks to a sudden rise in overseas demand amid a poor dollar.
- Due to the dollar bouncing back, gold demand continued to weaken towards the second half of October 2017.
- In fact, gold rate in Aligarh were at their lowest towards the final 4 four days of this month – when it was expected to be on the high owing to the festive season.
- An uncharacteristically low festive demand, though, pushed gold prices down to Rs.3,026 per gram.
- There was a 1.20% decline in gold prices recorded over the course of this month.
Gold Rate Trend in Aligarh for November 2017:
- The month of November saw gold price in Aligarh record a positive growth, thanks to uncertainty over the US economy.
- On the 1st of November, gold was priced at Rs.3,006 per gram – which then dropped to monthly low figure of Rs.3,005 per gram on the 6th.
- Prices begun to improve from the second week onwards as demand fluctuated considerably as a combination of factors, involving the Fed rate hike, rising and falling overseas demand, and local festive demand all contributed to upheaval in prices.
- Gold traded at its highest prices for this month from the 18th to the 20th when it traded at Rs.3,060 per gram.
- The final 10 days of this month saw gold rates in Aligarh consolidate as demand continued to decline.
- At the time of closing on the 30th of November, gold was priced at Rs.3,026 per gram.
- A 0.66% change in price trends were recorded this month, thanks to positive change in demand and sales.
Gold Rate Trend in Aligarh for December 2017:
- The last month of Q4 2017 opened on a relatively glib note, with the yellow metal trading at Rs.3,016 per gram.
- Gold price in Aligarh rose to Rs.3,036 per gram as the US President Donald Trump was expected to present his tax restructuring, which caused safe-haven demand to increase.
- The rate of Rs.3,036 per gram seen from the 2nd to the 4th was the highest for the month.
- However, once the negative feedback subsided, the market began to react positively to the changes, which pushed the dollar prices up.
- A rising dollar spelled doom to gold sales and price in Aligarh fell to Rs.2,940 per gram on the 11th as demand tumbled.
- After this significant fall, gold price in Aligarh rallied picking up on strong global cues to end 2017 on a respectable note.
- The final day of 2017 saw gold trade at Rs.3,020 per gram. Overall, there was a 0.13% incline in gold prices, thanks to a declining dollar.
