Gold Rate in Amravati
ccccccccccccccc is cheap and 24 karat gold is expensive. Gold rate in Amravati changes in accordance to the international gold market. The gold rate in Amravati picked up in January, 2016 after the considerable fall in 2015.
24 karat gold:
24 karat gold is the purest form of gold, it includes 99.95% gold mass. This makes it a very soft metal therefore it cannot be used to make jewellery or other ornaments. The gold rate for 24 karat gold in Amravati is Rs.30,680 per 10 grams as on 11th March, 2016.
22 karat gold:
22 karat gold has 91.6% gold mass making it a highest quality gold. 22 karat gold is used to make jewellery and ornaments as it has a shiny yellow coat. The brightness of 22 karat gold depends on the metal that it is alloyed with. Mostly 22 karat gold is alloyed with silver or copper. When 22 karat gold is alloyed with copper, you will get a reddish tint. When zinc is added to copper it will neutralise the rose color and will make it look yellow.
Jewellers believe that the best quality gold is when the 22 karat gold is alloyed with silver. It is the most common form of retail gold jewellery. But, it will be worn off easily so you must take special care of the ornament. The gold rate for 22 karat gold in Amravati is Rs.28,480 per 10 grams as on 11th March, 2016.
18 karat gold:
75% of the gold mass is included in 18 karat gold and this makes it the popular karat for jewellery. It provides adequate strength to hold the gemstones, diamonds and emeralds in place. Pink and rose gold are also 18 karat gold.
14 karat gold:
58.3% gold mass is included in the 14 karat gold and it is the cheapest type of gold jewellery. You will get a dull bronze color when copper is alloyed with 14 karat gold. You will get white gold when you alloy silver or nickel with 14 karat gold.
Gold Rate Trend in Amravati for January 2018 to March 2018 (per gram of 24 karat gold)
| Factor | January | February | March |
| 1st day | Rs.3,093 per gram | Rs.3,128 per gram | Rs.3,147 per gram |
| Last day | Rs.3,121 per gram | Rs.3,147 per gram | Rs.3,148 per gram |
| Highest price | Rs.3,164 per gram on 25 January | Rs.3,148 per gram from 3 to 5, 17-22 February | Rs.3,148 per gram on 8, 9 and from 24 to 31 March |
| Lowest price | Rs.3,080 per gram from 4 to 8 January | Rs.3,091 per gram from 9 to 11 February | Rs.3,123 per gram from 17 to 23 March |
| Trend | Incline | Incline | Incline |
| Change | 0.90% | 0.60% | 0.0003% |
Trend in Amravati for January 2018:
- Gold opened at Rs.3,093 per gram when trading began for the month of January in Amravati.
- The opening was considerably strong and gold started off the new year on a high note.
- Prices dropped significantly on the 4th to Rs.2,080 per gram before continuing on till the 8th of the month, hitting the lowest monthly figure.
- This change was brought about by a poor local demand and a resurgent US dollar.
- The US dollar, however, went through a few shifts, which helps gold claw back some of its lost ground.
- Gold prices in Amravati started to improve after the fall and rose to a monthly high figure of Rs.3,162 per gram on the 17th and the 18th of the month.
- The final two weeks saw gold consolidate as the US dollar improved, which in turn pushed bullion demand down.
- When the month ended, gold was priced at Rs.3,121 per gram.
Gold Rate Trend in Amravati for February 2018:
- When trading for the month of February commenced, gold was priced at Rs.3,128 per gram.
- On the 3rd, gold rates surged to hit a monthly high figure of Rs.3,148 per gram. This happened reflected on multiple occasions this month, and it was seen on the 4th, 5th, 7th and from 17th to the 22nd of February.
- The first two weeks were rather tumultuous for gold trading, as both the highest and the lowest rates were recorded within a span of three days.
- Gold rates in Amravati hit their lowest on the 9th when it hit Rs.3,091 per gram before holding on to trade at this rate till the 11th of the month.
- It was all a balancing act for the rest of the month, and gold prices fluctuated quite a bit over the final three weeks.
- When the month came to an end, gold was seen holding at Rs.3,147 per gram. Gold incline by 0.60% this month, thanks to occasional spurt in demand.
Gold Rate Trend in Amravati for March 2018:
- Gold prices had seen no change as it opened at Rs.3,147 per gram – the same rate as the previous month’s closing.
- Demand for the metal was largely steady this month and it traded in the Rs.3,100 range for the entire month.
- On the 8th, gold prices were at their highest – at Rs.3,148 per gram – which returned when the month ended, from the 24th to the 31st of March.
- The metal was at its lowest price point from the 17th to the 23rd when it traded at Rs.3,123 per gram.
- The month drew to a close and gold was still priced at Rs.3,148 per gram – a Rs.1 incline from the first day.
- A marginal 0.03% incline was recorded during this month’s trading sessions, thanks to demand remaining largely steady.
