May 24
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Gold Rate In Jabalpur
Owing to market trends, economic scenario, and international trading, the price of the yellow metal in Jabalpur may fluctuate for short or medium term. A volatility in prices does not depreciate the value of gold. People in Jabalpur can purchase the yellow metal as bars, coins, and jewellery of weights 1 gram, 10 gram, 50 grams, and 100 grams. Gold is usually available in values 24 karats and 22 karats, with prices varying due to the quality of the precious metal.
Gold Rate Trend in Jabalpur 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 on 3, 4, 5, 7 and from 17 to 22 February | Rs.3,148 per gram on 8 & 9 and from 24-31 March |
| Lowest price | Rs.3,080 per gram from 4 to 8 January | Rs.3,091 per gram from 9-11 February | Rs.3,123 per gram from 17-23 March |
| Trend | Incline | Incline | Incline |
| Change | 0.90% | 0.60% | 0.03% |
Gold Rate Trend in Jabalpur for October 2017 to December 2017 (per gram of 24 karat gold)
| Factor | October | November | December |
| 1st day | Rs.3,127 per gram | Rs.3,087 per gram | Rs.3,078 per gram |
| Last day | Rs.3,088 per gram | Rs.3,081 per gram | Rs.3,093 per gram |
| Highest price | Rs.3,135 per gram from 12 to 17 October | Rs.3,115 per gram on 19 and 2 November | Rs.3,094 per gram from 2 to 4 December |
| Lowest price | Rs.3,002 per gram from 23 to 25 October | Rs.3,061 per gram from 6 November | Rs.2,998 per gram on 12 and 13 December |
| Trend | Decline | Decline | Incline |
| Change | -1.24% | -0.19 | 0.48% |
Gold Rate Trend in Jabalpur for October 2017:
- The price of gold in Jabalpur was a steady Rs.3,063 per gram as the month began.
- A decrease in gold price in Jabalpur was recorded due to fluctuations in the market, with the price dropping to Rs.3,028 per gram on 6th October.
- Strong equity markets, as well as a stable U.S. Dollar, kept demand for gold muted overseas, leading to flat trading in the metal.
- The festive season and Diwali also failed to impact gold prices, which remained low for most of the month.
- Uncertainty over the U.S.’s trade negotiations and sluggish local demand kept prices low towards the end of the month.
- Gold rate in Jabalpur dropped to a monthly low of Rs.3,026 per gram from 27th-30th October as steady equity markets as well as a decline in interest in bullion resulted in gold prices stagnating.
- The month ended with gold recovering marginally to close trading at Rs.3,026 per gram on 31st October and register a loss of 1.20%.
Gold Rate Trend in Jabalpur for November 2017:
- The month of November saw the price of gold rise to Rs.3,006 per gram on 1 November as demand picked up following a lean period.
- International markets were unstable after the U.S. Dollar dropped, resulting in greater local demand for the metal.
- Prices began to rise towards the middle of the month as local jewellers and retail demand picked up.
- Persistently low dollar rates, as well as the festive season, led to a surge in demand for gold, which led to the metal trading at Rs.3,060 per gram on 18th November.
- Gold prices in Jabalpur were more or less steady as the month wore on, due in part to increased orders by local jewellers.
- Political uncertainty and the rising rhetoric against North Korea led to a loss in investor confidence in equities, which also drove higher demand for gold.
- Prices dropped marginally as the month came to a close, with gold trading at Rs.3,026 per gram on 30th November to register a rise of 0.66%.
Gold Rate Trend in Jabalpur for December 2017:
- The last month of the year saw demand for gold fluctuate due to geopolitical factors and sharp price discrepancies.
- Gold opened the month trading at Rs.3,016 per gram, with prices falling as markets recovered after a period of geopolitical turmoil in the United States.
- Local demand kpet prices steady in the face of a global decline in demand for gold, though prices continued to drop.
- Prices kept fluctuating as demand from Asian nations was weak as analysts anticipated further drops in the price of the precious metal.
- Gold continued to make slight losses as the month ended on 31st December, with the metal priced at Rs.2,020 per gram.
