Some of the main cities of Uttarakhand that trade gold include Dehradun, Champawat, Almora, Uttarkashi, Haridwar, Udham singh Nagar and Nainital since these are some of the most prosperous cities in the states and home to the Garhwali and Pahari people who are strongly find gold an extremely holistic approach in terms of creating wealth as well as being auspicious for special occasions. Families leave their forerunners with gold as a form of wealth and ornamental hand me downs that are made of gold. But this state also finds trading it as a precious metal commodity quite useful as well.
Gold Rate Trend in Uttarakhand for January 2018 to March 2018 (per gram of 24 karat gold)
| Factor | January | February | March |
| 1st day | Rs.3,010 per gram | Rs.3,077 per gram | Rs.3,113 per gram |
| Last day | Rs.3,066 per gram | Rs.3,129 per gram | Rs.3,134 per gram |
| Highest price | Rs.3,120 per gram on 24 and 25 January | Rs.3,161 per gram on 18 and 19 February | Rs.3,171 per gram on 25 and 26 March |
| Lowest price | Rs.3,010 per gram from 1 to 3 January | Rs.3,035 per gram on 9 February | Rs.3,098 per gram on 19 and 20 March |
| Trend | Incline | Incline | Incline |
| Change | 1.86% | 1.68% | 0.67% |
Gold Rate Trend in Uttarakhand for January 2018:
- Gold rates in Uttarakhand were greatly influenced by the fluctuating market trends during the month of January.
- The month began with the bullion prices holding at Rs.3,010 per gram on the 1st. This was also the lowest recorded monthly prices in the state and gold continued trading at the same rate with poor demand until the 3rd.
- Prices fluctuated considerably during the month with the yellow metal hitting seven-week highs in the international bullion market amid the weakened US dollar.
- Gold rates Uttarakhand surged to Rs.3,120 per gram – the highest recorded monthly figure – on the 24th as the greenback lost its ground with world markets capitalising on the possibilities of a US government shutdown.
- However, with the dollar index recovering from its previous decline, gold prices began to collapse as the month progressed.
- The bullion trade concluded for the month with the precious metal priced at Rs.3,066 per gram on the 31st and Uttarakhand recorded an incline of 1.86% in gold prices over the course of the month.
Gold Rate Trend in Uttarakhand for February 2018:
- The month saw gold rate in Uttarakhand largely impacted by strong world market uncertainties that resulted in unevenly performing equity markets.
- When trading commenced for the month, the precious metal prices were recorded holding at Rs.3,077 per gram on the 1st of February with strong demand from industries and jewelers amid firm overseas trends.
- However, with the US greenback recovering from its initial shock, gold prices plunged to Rs.3,035 per gram on the 9th. This was also the lowest recorded monthly figure in the state.
- Thanks to an incline in local demand amid the ongoing wedding season, gold rates were recorded trading on a higher note during the third week.
- Gold rate in Uttarakhand touched its highest monthly figure of Rs.3,161 per gram on the 18th as the US dollar weakened following the weaker than expected US inflation data. The rise in prices was also due to strong local demand amid the ongoing wedding season.
- Demand, however, began to wear off with the wedding season coming to an end and gold was priced at Rs.3,119 per gram on the 23rd.
- The month came to an end with the yellow metal closing at Rs.3,129 per gram on the 31st with subdued but steady demand from local industries and jewelers.
- Positive global trends coupled with strong domestic demand led to gold prices surging by 1.68% in Uttarakhand during the month.
Gold Rate Trend in Uttarakhand for March 2018:
- When the last month of the quarter began, the bullion was recorded trading at Rs.3,113 per gram on the 1st amid firm trend overseas.
- Thanks to strong demand coupled with positive global cues over the next few days, gold prices in Uttarakhand rose to Rs.3,134 per gram on the 4th.
- The next few weeks witnessed rates varying considerably after strong US political uncertainties resulted in a fluctuating greenback.
- Though the abrupt dismissal of Rex Tillerson the US Secretary of State led to an initial downtrend in the US dollar value, an increase in stock market returns over the next few days resulted in the US dollar index gaining against other apex currencies. The yellow metal prices were recorded holding at Rs.3,129 per gram on the 15th.
- The dollar, however, weakened after Trump imposed new import tariffs on Chinese imports during the next couple of weeks. With the bullion capitalising on possible trade war concerns between the two large world economies, gold prices in Uttarakhand surged to Rs.3,171 per gram on the 26th.
- Trading concluded for the month with gold prices holding at Rs.3,134 per gram on the last day with the US dollar recovering from its previous rally of losses.
- Gold rates in Uttarakhand rose by 0.67% during the month with strong global trends pushing demand higher for the yellow metal.
Gold Rate Trend in Uttarakhand for October 2017 to December 2017 (per gram of 24 karat gold)
| Factor | October | November | December |
| 1st day | Rs.3,063 per gram | Rs.3,006 per gram | Rs.3,016 per gram |
| Last day | Rs.3,026 per gram | Rs.3,026 per gram | Rs.3,020 per gram |
| Highest price | Rs.3,072 per gram from 12 to 16 October | Rs.3,060 per gram from 18 to 20 November | Rs.3,036 per gram from 2 to 4 December |
| Lowest price | Rs.3,026 per gram on 27, 30 and 31 October | Rs.3,006 per gram on 1 November | Rs.2,910 per gram on 11 to 13 December |
| Trend | Decline | Incline | Incline |
| Change | -1.20% | 0.66% | 0.13% |
Gold Rate Trend in Uttarakhand for October 2017:
- October’s trading started with gold trading at Rs.3,063 per gram in Uttarakhand.
- The yellow metal’s prices fluctuated for the first two weeks due to uneven demand from local circles brought about by a fluctuating dollar.
- By the 12th, gold rates hit Rs.3,072 per gram – the month’s highest rate – and continued till the 15th of the month.
- However, the US dollar continued to mount its comeback and gold rates seemed to fall as the month wore off.
- Gold rates in Uttarakhand hit their lowest for the month on the 30th and the 31st of October when the metal traded at RS.3,026 per gram.
- There was a 0.26% decline in gold price trends which was caused by poor demand in the domestic market.
Gold Rate Trend in Uttarakhand for November 2017:
- When trading began in Uttarakhand for the month of November, gold was priced at Rs.3,006 per gram, which was a Rs.20 decline from the previous day’s rates.
- As demand for the yellow metal continued to remain low, gold rates in Uttarakhand dropped to Rs.3,005 per gram on the 6th of the month.
- However, a falling trend with regards to the US dollar brought about a gradual surge in gold prices. After much fluctuations, gold rates reached their highest monthly figures towards the 18th of the month when it traded at Rs.3,060 per gram.
- Gold continued to trade at Rs.3,060 per gram till the 20th as jewelers continued to increase purchases to meet festive demand.
- With the dollar clawing back as the month progressed, gold rates went down to Rs.3,026 per gram on the final day of November.
- Gold price trends inclined by 0.66% this month due to a rise in festive demand and a slightly weakened dollar.
Gold Rate Trend in Uttarakhand for December 2017:
- December commenced with gold trading at Rs.3,016 per gram. This rose to Rs.3,036 per gram on the 2nd – and continued till the 4th – as volatility in the US market pushed safe haven demand to new heights.
- Prices seen between the 2nd to the 4th were the highest gold rates for this month, which was brought about by US President Donald Trump’s introduction of new tax cuts.
- The backlash the new tax structure brought had a considerable bearing on the way gold prices changed.
- By the 11th gold prices dropped considerably to Rs.2,940 per gram as the US markets bounced back after some poor showing towards the beginning of the month.
- Gold rates improved over the course of the next two weeks and gold close at Rs.3,020 per gram on the 31st of December.
- Price trends had witnessed a 0.13% incline as demand picked up after falling significantly towards the second week of this month.