May 29
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Gold Rate in Telangana
Telangana is one of the newer states in India, formed in June 2014 with Hyderabad as its capital city. It is also the twelfth largest state in India by area and has a population of over 35 million people according to the 2011 census. Its capital, Hyderabad, is a princely state ruled by the Nizam of Hyderabad, and its inclination towards grandeur is no secret. In essence, the majority of the people in Telangana purchase gold whether it is in the form of jewelry for daily use or special occasions, gold coins and bullions, ETFs, E-Gold, etc.
Gold Rate Trend in Telangana for January 2018 to March 2018 (per gram of 24 karat gold)
| Factor | January | February | March |
| 1st day | Rs.3,009 per gram | Rs.3,040 per gram | Rs.3,043 per gram |
| Last day | Rs.3,045 per gram | Rs.3,046 per gram | Rs.3,072 per gram |
| Highest price | Rs.3,129 per gram on 25 January | Rs.3,103 per gram on 14 February | Rs.3,105 per gram on 24 and 25 March |
| Lowest price | Rs.3,000 per gram on 4 January | Rs.3,003 per gram on 8 February | Rs.3,030 per gram on 19 March |
| Trend | Incline | Incline | Incline |
| Change | 1.19% | 0.19% | 0.95% |
Gold Rate Trend in Telangana for October 2017 to December 2017 (per gram of 24 karat gold)
| Factor | October | November | December |
| 1st day | Rs.3,040 per gram | Rs.2,974 per gram | Rs.2,982 per gram |
| Last day | Rs.2,996 per gram | Rs.2,996 per gram | Rs.3,015 per gram |
| Highest price | Rs.3,059 per gram on 14 and 15 October | Rs.3,030 per gram 18 to 20 November | Rs.3,015 per gram on 30 and 31 December |
| Lowest price | Rs.2,996 per gram on 31 October | Rs.2,974 per gram on 1 and 6 November | Rs.2,906 per gram on 13 December |
| Trend | Decline | Incline | Incline |
| Change | -1.44% | 0.73% | 1.10% |
Gold rate Trend in Telangana for October 2017
- Gold prices in Telangana began the month at Rs.3,040 per gram as demand was stable courtesy high demand from local jewelers.
- The sudden rise in the dollar rate in the light of favorable financial cues led to a decline in interest in the precious yellow metal, which led to demand dropping quite sharply.
- Prices fluctuated as local demand struggled to keep prices stable as European markets reduced orders for gold.
- The middle of the month saw an increase in the price of gold as there was a momentary slide in the dollar index, which led to the precious metal’s price rising to Rs.3,059 per gram on 14 October.
- The onset of the festive season also contributed to the rise in demand for gold, though this was short-lived as prices took a nosedive after Diwali.
- Consistently poor demand from Asia took a toll on the price of gold as prices fell steadily.
- The month ended with gold priced at Rs.2,996 per gram on 31 October to register a loss of 1.44% over the course of the month.
Gold Rate Trend in Telangana for November 2017
- Demand for gold in November reflected a change in market behavior, with gold prices on the rise for most of the month.
- The precious metal traded at Rs.2,974 per gram on 1 November, with prices falling further due to restrained demand from industrial units.
- Local demand was also muted in spite of it being the wedding season, which led to a further drop in prices.
- A minor rise in price due to a drop in the dollar rate provided some respite for the metal, but local jewelers continued to reduce orders.
- The announcement of a new tax policy that would provide tax breaks to industry was met with some trepidation on the markets, which led to a slight increase in interest for gold.
- Asian demand rose marginally towards the middle of the month, which led to a slight rise in the price of gold.
- The metal reached its highest rates for the month from 18-20 November when gold price in Telangana rose to Rs.3,030 per gram after the U.S. Dollar dropped on speculation over the appointment of the new Fed chief.
- Prices fluctuated due to demand vagaries, but there was a decline in the price of gold as markets recouped their earlier losses.
- The month ended with gold priced at Rs.2,996 per gram on 30 November, registering a rise of 0.730.66% over the course of the month.
Gold Rate Trend in Telangana for December 2017
- The last month of the year saw gold prices fluctuate wildly due to conflicting cues from international markets.
- The yellow metal opened the month trading at Rs.2,982 per gram due to a minor dip in demand.
- Asian demand continued to be muted due to the high dollar rate, which made imports more expensive.
- European industry also put off gold purchases due to the falling Euro, which led to a further decline in price.
- Demand was muted around the Christmas break due to a rise in consumer spending which led to a surge in equity markets.
- Gold price in Telangana rose towards the end of the month as markets were jittery ahead of the appointment of the new Fed chief and the possibility of a tightening of monetary policy.
- The month ended with gold priced at Rs.3,015 per gram on 31 December, resulting in a rise in the value of 1.10%.
