May 14

Gold Rate in Jaipur

Team Antworks

Jaipur, the largest city in Rajasthan, the demand and awareness of gold as a tradable commodity is on the rise. The “Pink City”, is an ancient city which is now home to over 3 million people. With the largest SEZ in the country and a growing population of highly educated young adults, the city and its population are perfectly poised to make full use of the benefits of investing in gold as a commodity.

Gold rate in Jaipur fluctuates because of various reasons over different intervals time.

Trend of Gold Rate in Jaipur for March 2018 (rates per gram for 24 karat gold)

Parameters	Gold price (24 karat)
Gold Rate on 1st March	Rs.3,159 per gram
Gold Rate on 31st March	Rs.3,149 per gram
Highest Rate in March	Rs.3,182 per gram from 27 to 30 March
Lowest Rate in March	Rs.3,109 per gram on 20 March
Overall Monthly Performance	Decline
Percentage Change	-0.31%

Trend of Gold Rate in Jaipur for February 2018 (rates per gram for 24 karat gold)

Parameters	Gold price (24 karat)
Gold Rate on 1st February 2018	Rs.3,138 per gram
Gold Rate on 28th February 2018	Rs.3,159 per gram
Highest Rate in February	Rs.3,175 per gram on 20 February
Lowest Rate in February	Rs.3,092 per gram on 9 & 10 February
Overall Monthly Performance	Incline
Percentage Change	0.66%

March 2018- Week 1 (1-4)

Gold price in Jaipur fluctuated in the first week of March due to conflicting cues from markets and a decrease in demand from jewellers.
The yellow metal was priced at Rs.3,159 per gram on 1 March before prices dropped on poor domestic demand.
A recovering U.S. Dollar as well as stability across equity markets led to lower demand for gold, as the metal was priced at Rs.3,138 per gram on 2 March.
Gold rate in Jaipur recovered towards the end of the week, closing the week at Rs.3,149 per gram on 4 March.

March 2018- Week 2 (5-11)

Prices fluctuated in the second week of March as local demand did not keep pace with global trends.
Gold opened at Rs.3,149 per gram on 5 March but saw some upward movement the following day as retail demand rose.
The continued rise of the dollar dampened demand for bullion, which led to a universal fall in orders for the precious metal.
Gold price in Jaipur fluctuated foee most of the week, rising to Rs.3,161 per gram on 8 March before prices once again fell on unstable demand.
Positive U.S. non-farm data and low unemployment figures encouraged stock markets, which enjoyed a bull run as interest in gold waned.
The week ended with gold falling to Rs.3,138 per gram on 11 March as both local and international demand was on the decline.

March 2018- Week 3 (12-18)

In spite of fluctuating stock markets, gold failed to capitalise on favorable conditions and fell to its lowest rates for the month.
The week began with gold priced at Rs.3,138 per gram on 12 March, with the price remaining constant for a few days due to stagnant demand.
Fluctuations in industrial demand led to prices falling briefly to Rs.3,129 per gram on 14 March as the dollar surged in intra-day trading.
Gold price in Jaipur recovered to trade at Rs.3,149 per gram on 15 March as markets reeled from news of the surprise sacking of the U.S. Secretary of State Rex Tillerson.
Apprehension over his replacement and the resultant instability led to stock markets tumbling and saw gold prices make gains.
Local demand fell as the week ended, resulting in the metal priced at Rs.3,119 per gram on 18 March.

March 2018- Week 4 (19-25)

Demand for gold continued to be low during the week, with gold trading at Rs.3,119 per gram on 19 March as there was no change in order volumes.
Prices dipped to Rss.3,109 per gram on 20 March amidst a revival across stock markets, leading to a drop in interest in bullion.
Low prices led to a slight increase in retail demand, but there was minimal impact on gold prices.
Apprehension over the Fed Reserve’s meeting and its stance on monetary policy for the year led to markets falling slightly, leading investors to buy gold as a hedge against losses.
Gold price in Jaipur rose to Rs.3,134 per gram on 21 March and continued to rise, trading at Rs.3,149 per gram as the week ended on 25 March.

March 2018- Week 5 (26-31)

Prices fluctuated wildly in the last week of March, as markets reacted to news of the new Secretary of State announcement as well as the Fed’s monetary policy for the year.
Gold rate in Jaipur jumped as the week began, trading at Rs.3,175 per gram on 26 March as local demand rose on positive market trends.
Prices continued to rise as stock markets were unsteady, leading to the metal reaching its monthly high of Rs.3,182 per gram from 27-30 March.
The last day of the month saw prices plunge to Rs.3,149 per gram, leading to gold falling by 0.31% over the course of the month.

February 2018- Week 1 (1 -4)

Gold prices in February were generally on the rise courtes favourable market conditions as well as a relatively stable demand for the metal.
The month began with gold priced at Rs.3,138 per gram as stable demand kept gold rate in Jaipur unchanged for a few days.
Gold price in Jaipur rose to Rs.3,165 per gram on 3 February as a surge in local demand due to increased orders by jewellers and industrial units.
Prices fell back to end the week t Rs.3,138 per gram on 4 February as international markets were jittery due to speculation on an interest rate hike.

February 2018- Week 2 (5 -11)

The second week began with gold priced at Rs.3,138 per gram amid fluctuations during the week.
Prices were unstable as markets shed over 10% of their value in the U.S., which led to a domino effect across other global equity markets.
Gold rate in Jaipur rose to Rs.3,154 per gram on 7 February as industry capitalised on the drop in dollar rates and increased orders.
A regularisation of the bourses in India and declining retail demand led to gold prices falling during the week.
Prices in fact dropped to their lowest for the month on 9 February, trading at Rs.3,092 per gram after equity markets recovered.
The week ended with gold priced at Rs.3,103 per gram on 11 February.

February 2018- Week 3 (12 -18)

Gold prices in Jaipur were on the rise in the third week as market fluctuations and an increase in retail demand pushed prices higher.
The precious metal was priced at Rs.3,103 per gram on 12 February and soon rose due to positive market cues and a low dollar rate.
Industrial demand from Asian nations kept international demand for gold high, which resulted in local demand also increasing to Rs.3,120 per gram on 14 February.
Valentines Day and the end of the wedding season led to a spurt in demand as gold reached Rs.3,156 per gram on 16 February.
Prices continued to rise as the week ended on 18 February, with the metal priced at Rs.3,171 per gram.

February 2018- Week 4 (19 – 25)

Gold prices remained strong as the week began, with the precious metal retailing at Rs.3,171 per gram as markets opened for trade on 19 February.
Strong demand and favourable market conditions led to gold trading at a monthly high of Rs.3,175 per gram on 20 February, though this was short-lived.
A steep drop was recorded as gold fell to Rs.3,150 per gram on 21 February, with the price falling for the remainder of the week.
A stabilising of the market coupled with a rise in the dollar rate and declining local demand led to gold trading at Rs.3,149 per gram on 25 February.

February 2018- Week 5 (26 -28)

The last week of February saw the price of gold rise marginally as demand was steady.
Gold was priced at Rs.3,149 per gram on 26 February as local demand rose following fluctuations in equity markets.
The month ended with gold priced at Rs.3,159 per gram on 28 February to register a 0.66% rise in price.

Trend of Gold Rate in Jaipur for January 2018 (rates per gram for 24 karat gold)

Parameters	Gold price (24 karat)
Gold Rate on 1st January 2018	Rs.3,086 per gram
Gold Rate on 31st January 2018	Rs.3,120 per gram
Highest Rate in January	Rs.3,171 per gram on 25 January
Lowest Rate in January	Rs.3,082 per gram on 5 January
Overall Monthly Performance	Incline
Percentage Change	1.10%

January 2018- Week 1 (1 – 7):

When gold opened for trading on the 1st of January, it was priced at Rs.3,086 per gram.
Buoyed by a steady international demand, gold prices in Jaipur rose up to Rs.3,091 per gram on the 2nd of the new year.
Gold rate in Jaipur continued at Rs.3,091 per gram on the 3rd before falling back to Rs.3,082 per gram on the 4th day of the week. This was because the US dollar improved ahead of a positive jobs data.
The 7th saw gold rates go up to Rs.3,101 per gram as demand increased to keep the metal’s rates on a considerable high.

January 2018 – Week 2 (8 – 14):

The second week of January week 2 saw gold prices fluctuate initially before rising as the week drew to a close.
On the 8th of January, the yellow metal was priced at Rs.3,101 per gram. This continued on to the next day as well as US dollar was on shaky grounds.
The 10th saw gold rates fall slightly to Rs.3,107 per gram before falling again on the 11th to trade at Rs.3,102 per gram the next day.
Gold price in Jaipur went up to Rs.3,117 per gram as a weak dollar helped gold gain in all the major markets.
Prices increased on the 13th as well for the metal to trade at Rs.3,119 per gram before surging to Rs.3,130 per gram on the final day of the week.

January 2018 – Week 3 (15 – 21):

The highlight of this week was the US government shutting down which caused safe haven demand to rocket significantly.
When trading commenced for the 15th of January, gold was seen trading at Rs.3,130 per gram.
Due to stable marketing conditions, gold continued to trade at Rs.3,130 per gram till the 17th of the month.
However, news of a US government shutdown caused the dollar to weaken significantly, pushing gold rates up to Rs.3,170 per gram on the 18th of the month.
Gold rates in Jaipur consolidated against the dollar and there was a slight decline recorded on the 19th during which the metal traded at Rs.3,165 per gram.
As there was a drop in demand, gold rates fell to Rs.3,145 per gram on the 19th and continued at this rate during the 20th as well.
The final day of January week 3 saw gold rates rise to Rs.3,155 per gram.

January 2018 – Week 4 (22 – 28):

The fourth week of January saw gold rates remain largely stable, thanks to steady demand.
On the 22nd of January, the yellow metal was priced at Rs.3,155 per gram. The metal traded at Rs.3,155 per gram till the closing hours of the 24th as demand remained unchanged.
The 25th, however, saw rates surge to Rs.3,171 per gram – the month’s highest rate – as demand from various circles increased.
There was a considerable decline in rates as the week progressed.

January 2018 – Week 5 (29 – 31):

The last three days of January saw gold rates fluctuate slightly due to uneven demand patterns.
On the 29th, gold was priced at Rs.3,134 per gram. Rates rose to Rs.3,129 per gram on the 30th as demand went up slightly.
The final day of the month and week saw gold trade at a much declined rate of Rs.3,120 per gram.
Even though there was a significant price drop during the end of the month, gold rates increased by 1.20% for this month