Gold Rate in Kurnool

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

Gold Rate Trend in Kurnool for October 2017 to December 2017 (per gram of 24 karat gold)

Gold Rate Trend in Kurnool for October 2017:

• When trading commenced for the month, gold rate in Kurnool were recorded holding at Rs.3,040 per gram on the 1st.
• With the US dollar index gaining against other emerging currencies in the world market amid possibilities of a Fed rate hike, prices dropped to Rs.2,997 per gram on the 6th.
• However, an increase in domestic demand ahead of the festive season resulted in prices surging to Rs.3,027 per gram on the 9th.
• The 14th saw gold price in Kurnool touching their highest monthly figure of Rs.3,059 per gram following a strong demand for the metal brought about by the positive trends overseas.
• But with the US dollar regaining lost ground amid firmer equities over the next few days, rates dropped to Rs.3,026 per gram on the 20th.
• Demand for the metal declined significantly with investors speculating over possibilities of an interest rate hike by the Federal Reserve.
• The month came to an end with the yellow metal trading at Rs.2,996 per gram – the lowest recorded monthly figure – on the 31st. Kurnool recorded a decline of 1.44% in gold prices during the course of the month.

Gold Rate Trend in Kurnool for November 2017:

• The bullion trade opened with the precious metal trading relatively lower at Rs.2,974 per gram with poor demand from the previous month.
• Though gold rate in Kurnool rose to Rs.2,987 per gram the next day, an increase in the dollar value resulted in gold prices declining over the next few days.
• On the 6th, the yellow metal was recorded trading at Rs.2,974 per gram owing to reduced domestic demand amid poor global cues.
• However, safe-haven demand for the metal surged after the US-North Korean relations worsened during the month. This led to bullion rates climbing to Rs.3,015 per gram on the 10th.
• The poorly performing greenback amid falling equities led to prices surging further to Rs.3,030 per gram on the 19th.
• Rates dropped to Rs.3,009 per gram on the 28th after the US dollar regained lost ground after the Republican tax reform plan was brought forward in the US Senate.
• The month concluded with the yellow metal priced at Rs.2,996 per gram on the 30th due to poor demand brought about by the strong dollar and equities performances.
• Kurnool registered a profit of 0.73% in bullion trade during the course of the month.

Gold Rate Trend in Kurnool for December 2017:

• The final month of the quarter began with the bullion trading at Rs.2,982 per gram amid poor trends overseas.
• Gold price in Kurnool plummeted to Rs.2,968 per gram on the 5th with the dollar gaining after the approval of the US tax reform bill.
• The strong US dollar index coupled with firmer equities market resulted in gold rates dropping significantly over the next few days.
• The yellow metal was priced at Rs.2,908 per gram on the 12th before hitting the lowest recorded monthly figure of Rs.2,906 per gram on the 13th ahead of the Federal Reserve’s monetary policy meeting.
• However, with Fed rate hike proved to have a negative impact on the equities and pushed the US dollar lower. This led to gold rates rebounding to Rs.2,933 per gram on the 19th.
• Gold price in Kurnool surged to Rs.2,956 per gram on the 23rd after the dollar lost against other apex currencies with investors mulled over the ultimate result of the tax system overhaul on the US economic growth.
• With the Asian stocks failing in the world markets, demand for safe-haven assets such as gold surged. This led to bullion rates surging to Rs.3,015 per gram on the last day. Kurnool recorded a profit of 1.10% in bullion trade during the month.