Gold Rate in Nanded
Variations in the quality and purity of the gold usually dictate the base price for standard weights, but hallmarking and workmanship also play a crucial role in determining the value of gold.
24 karat gold: This is the purest form of gold that can be commercially traded. It has a purity rating of 99.9%, and is the ideal investment for gold investors. Jewelers and the general masses usually have no use for this type of gold, as it is unfit for crafting any jewellery or ornaments. Currently, the price for 10 grams of 24 karat gold in Nanded is Rs.30,680 (as on 11th March, 2016). The rate for 24 karat gold in Nanded has been relatively steady over the past month, and this stability is in stark contrast with the global trends in gold prices. The stability in prices is expected to continue to the end of this month, with only slight variations.
22 karat gold: This form of gold is primarily used for making ornaments and jewellery, and is rated as having a purity of 92%. The addition of materials that reduce the purity of the gold is what makes it ideal for craftsmen, jewelers, and goldsmiths to mould or craft the gold into the desired shapes and jewellery. Currently, the price for 10 grams of 22 karat gold in Nanded is Rs.28,480 (as on 11th March, 2016). 22 karat gold has held a steady price over the last month, and expert predictions say that the stability is expected to continue unaffected by small variations in the international gold market.
Gold Rate Trend in Nanded 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.3,162 per gram on 17 & 18 January | Rs.3,148 per gram from 3-5, 7 and from 17-22 February | Rs.3,148 per gram on 8 & 9 and from 24-31 March |
| Lowest price | Rs.2,080 per gram from 4-8 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 Nanded for October 2017 to December 2017 (per gram of 24 karat gold)
| Factor | October | November | December |
| 1st day | Rs.3,127 per gram | Rs.3,070 per gram | Rs.3,074 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 20 November | Rs.3,094 per gram from 2 to 4 December |
| Lowest price | Rs.3,002 per gram from 23 to 26 October | Rs.3,061 per gram on 6th November | Rs.2,988 per gram on 12 and 13 December |
| Trend | Decline | Incline | Incline |
| Change | -1.24% | 0.35% | 0.61% |
Gold Rate Trend in Nanded for October 2017:
- Gold prices in Nanded were quite positive, opening at Rs.3,127 per gram following positive market trends and a rise in local demand.
- The price of gold fell as the dollar rate made a recovery after a prolonged period of instability, leading to a gradual decrease in local demand as well.
- Prices began to rise marginally towards the middle of the month, as gold hit its monthly high of Rs.3,135 per gram from 12-17 October.
- A market recovery led to a decline in demand for gold, as local demand also plunged in spite of the festive season.
- As the U.S. Dollar continued to make gains and equity markets recovered some of their earlier losses, gold prices fell universally.
- Gold price in Nanded dropped to a monthly low of Rs.3,002 per gram from 23-26 October before recovering to close the month at Rs.3,088 per gram on 31 October.
Gold Rate Trend in Nanded for November 2017:
- Gold price in Nanded began the month at Rs.3,070 per gram, with prices falling further as strong equity markets and a stable dollar kept demand for gold low.
- The announcement of the new tax policy led to markets falling considerably, which gave gold a sudden boost.
- Gold price in Nanded surged as global markets also fell following the tax policy announcement, with local demand also rising.
- Prices reached their monthly high of Rs.3,115 per gram on 19 November as industrial units also sought to capitalise on favourable conditions.
- Demand for gold began to slip as the initial turbulence wore off, resulting in a gradual decline in price.
- Prices were somewhat bolstered by continued demand from local jewellers on account of the wedding season.
- The month ended with gold priced at Rs.3,088 per gram on 30 November.
Gold Rate Trend in Nanded for December 2017:
- The 1st of December saw gold priced at Rs.3,078 per gram, with prices declining due to steady equity markets.
- Gold price in Nanded rose marginally to trade at Rs.3,094 per gram after a drop in the dollar rate led to increased buying globally.
- Prices fluctuated sharply, with gold prices falling to Rs.2,988 per gram on 12 December as local demand also succumbed to global uncertainty.
- Gold prices began to rise after the middle of the month, as the political uncertainty in the United States led to markets being unsteady.
- Demand for gold rose marginally, resulting in the metal trading at Rs.3,093 per gram on 31 December to register a rise of 0.92%.
