Gold Rate In Jamnagar

Team Antworks

7 years ago

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

Gold Rate Trend in Jamnagar for January 2018:

Gold opened at Rs.3,086 per gram when trading commenced for the first month of Q1 2018.
Demand for the precious metal seemed to be on the lower side for the first few days, owing to a strong US dollar performance.
On the 5th, gold rates went down to Rs.3,082 per gram – the month’s lowest rate – as investors remained wary of purchases amid the rise of the dollar.
From this point on, gold rates in Jamnagar seemed to improve consistently as changes in the US dollar-rupee dynamic helped gold gain.
After considerable fluctuation throughout the third and the fourth week, gold rates hit their highest for the month of Rs.3,171 per gram on the 25th of January.
However, the demand couldn’t be sustained and gold price in Jamnagar dropped over the final few days of the month.
When the month ended, gold prices were seen holding at Rs.3,120 per gram.
Price trends saw a 1.10% incline this month, thanks to a late surge in demand.

Gold Rate Trend in Jamnagar for February 2018:

Gold rates in Jamnagar had surged to Rs.3,138 per gram when trading for February began. Due to a slowdown in demand, however, gold prices dropped over the course of the first two weeks.
The 9th and the 10th recorded the month’s lowest gold rates when the metal traded at Rs.3,092 per gram.
Demand picked up as the equity markets were shaky and the US dollar index lost some of its ground.
Gold price in Jamnagar surged consistently to hit the month’s highest rate of Rs.3,173 per gram on the 20th.
As the dollar clawed back, gold rates dropped slightly over the next few days.
The month ended with gold rates holding at Rs.3,159 per gram, thereby recording a 0.66% incline in trends.

Gold Rate Trend in Jamnagar for March 2018:

When the final month of Q1 2018 opened for trading, gold was still trading at Rs.3,159 per gram.
Demand was largely steady for the first three weeks, with prices witnessing minor fluctuations.
On the 20th, gold prices in Jamnagar hit their lowest for March – when it traded at Rs.3,109 per gram.
From the 20th onwards, gold demand surged and prices shot up as the US dollar weakened.
Prices rose consistently over the final two weeks as investors took advantage of a poor dollar index.
Gold was at its highest point this month from the 27th to the 30th when it traded at Rs.3,182 per gram.
On the last day, rates dropped to Rs.3,149 per gram as demand went down and gold took a massive hit.
Despite the late surge, gold rate trend decline by 0.31% this month, as the US dollar improved considerably towards the final few days.

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Trading commenced in Jamnagar with gold priced at Rs.3,109 per gram on the 1st of October.
The bullion trade witnessed gold rates gold rates surging to Rs.3,133 per gram on the 12th owing to an increased domestic demand from local jewellers, industries and retailers amid the strong trends overseas. This was also the highest recorded monthly figure and continued trading at the same rate until the 16th.
However, with the US dollar recovering from the initial shock, demand for the metal subsided. This led to gold price in Jamnagar declining to Rs.3,073 per gram on the 27th. This was also the lowest recorded monthly figure.
Demand, however, picked up towards the end of the month with the US dollar losing against other major currencies in the world market.
The month concluded with the yellow metal priced at Rs.3,087 per gram on the 31st and Jamnagar recorded a loss of 0.70% in gold trade during the course of the month.

The month began with the bullion trading at Rs.3,087 per gram on the 1st of November.
Gold rate in Jamnagar plunged to Rs.3,057 per gram -the lowest recorded monthly figure – on the 4th after a decline in domestic demand brought about by the strong US dollar and equity markets.
However, with the US dollar losing amid the US administration concerns, demand for the precious metal picked up during the month.
On the 20th, the bullion was recorded trading at Rs.3,113 per gram owing to strong demand from local industries, jewellers and retailers. This was also the highest recorded monthly figure in Jamnagar.
The month concluded with gold rate in Jamnagar holding at Rs.3,078 per gram on the 30th, registering a decline of 0.29% in bullion trade during the course of the month.

The final month of the quarter witnessed gold trade improve significantly with President Trump’s landmark tax system overhaul plan backfiring on the markets.
Trading opened for the month with the yellow metal priced at Rs.3,068 per gram on the 1st of December.
Gold rates remained low for much of the initial weeks with the US dollar strengthening after the approval of the Republican tax reform bill and investors eyeing on the US Federal Reserve’s monetary policy meeting during the month.
The 14th saw gold price in Jamnagar plummeting to Rs.2,990 per gram following a decline in demand brought about by the strong US treasury yields.
Demand, however, picked up over the next few days with the US dollar losing significantly after the Fed rate hike.
An increased domestic demand coupled with strong trends overseas resulted in gold rates hitting their higher recorded monthly figure of Rs.3,086 per gram on the 29th and continued trading at the same rate until the end of the month.
The month concluded with gold prices inclining at 0.58%, thanks to the firm trends that kept demand higher for the metal.