May 11
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Gold Rate In Jammu
Jammu has its share of jewelry shops, including national brands such as Tanishq and PC Jewellers. More than 50 other gold, silver and diamond jewellery showrooms also do brisk business in the city. The demand for traditional Dogri jewelry with exquisite craftsmanship that uses gold and beads, exists not only in Jammu but also across the country.
Gold Rate Trend in Jammu 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 & 20 March |
| Trend | Incline | Incline | Incline |
| Change | 1.19% | 1.68% | 0.67% |
Gold Rate Trend in Jammu for January 2018:
- When the first day of 2018 opened for trading, gold was priced at Rs.3,010 per gram. As demand was low during the initial few days, gold rate in Jammu were on the lower side this month.
- Prices didn’t change till the 3rd and it remained at Rs. 3,010 per gram as demand was steady and there was very little change in the local market dynamics.
- Rates, as seen from the 1st to the 3rd, were the lowest for the month.
- Gold price in Jammu improved over the course of this month, thanks to a shaky US dollar, which pushed investors to invest in the metal.
- There were a few fluctuations over the third and the fourth week, and gold hit its highest rate for the month on the 24th and the 25th when it traded at Rs.3,120 per gram.
- Rates, however, fell over the last few days as the US dollar improved its positions and gold demand dropped as a result.
- A 1.19% incline in gold prices was recorded this month, thanks to a late surge in demand for the precious metal.
Gold Rate Trend in Jammu for February 2018:
- Gold rate in Jammu had surged by Rs.11 when February’s trading began and the yellow metal traded at Rs.3,077 per gram on the 1st.
- This month saw gold prices drop to its lowest figures during the second week owing to poor demand caused by a rising US dollar.
- On the 9th, gold price in Jammu were at their lowest for the month when it traded at Rs.3,035 per gram.
- From the 10th onwards gold prices began its slow but steady surge as the local demand seemed to surge consistently.
- Gold reached its highest monthly figure of Rs.3,161 per gram over the 18th and the 19th as demand from local retailers surged.
- As demand subsided, gold rates consolidated but still remained in the Rs.3,100 per gram range.
- On the final day of this month, gold was seen trading at Rs.3,129 per gram.
- This month saw gold price trends increase by 1.68% buoyed by the strong demand seen during the third week.
Gold Rate Trend in Jammu for March 2018:
- March 2018 began with gold trading at Rs.3,113 per gram – a Rs.16 decline from the previous day’s rates.
- The fall was alarming for investors but the steady and strong demand amid a poor dollar put all the doubts to rest.
- Gold prices in Jammu were largely steady for the first three weeks but fell to a monthly low figure of Rs.3,098 per gram over the 19th and 20th of this month.
- Concerns related to the activities carried out by the US caused the dollar to plummet, which pushed gold rates up to Rs.3,171 per gram on the 25th of the month.
- When the month ended, the yellow metal was priced at Rs.3,134 per gram.
Gold Rate Trend in Jammu 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 |
| Trend | Decline | Incline | I gram on 11 to 13 Decemberncline |
| Change | -1.20% | 0.66% | 0.13% |
Gold Rate Trend in Jammu for October 2017:
- The price of gold in Jammu was a steady Rs.3,063 per gram as the month began.
- A decrease in price was recorded due to fluctuations in the market, with the price dropping to Rs.3,028 per gram on 6th October.
- Strong equity markets as well as a stable U.S. Dollar kept demand for gold muted overseas, leading to flat trading in the metal.
- The festive season and Diwali also failed to impact gold prices, which remained low for most of the month.
- Uncertainty over the U.S.’s trade negotiations and sluggish local demand kept prices low towards the end of the month.
- Gold price in Jammu dropped to a monthly low of Rs.3,026 per gram from 27th-30th October as steady equity markets as well as a decline in interest in bullion resulted in gold prices stagnating.
- The month ended with gold recovering marginally to close trading at Rs.3,026 per gram on 31st October and register a loss of 1.20%.
Gold Rate Trend in Jammu for November 2017:
- The month of November saw the price of gold rise to Rs.3,006 per gram on 1 November as demand picked up following a lean period.
- International markets were unstable after the U.S. Dollar dropped, resulting in greater local demand for the metal.
- Prices began to rise towards the middle of the month as local jewellers and retail demand picked up.
- Persistently low dollar rates as well as the festive season led to a surge in demand for gold, which led to the metal trading at Rs.3,060 per gram on 18th November.
- Gold price in Jammu were more or less steady as the month wore on, due in part to increased orders by local jewellers.
- Political uncertainty and the rising rhetoric against North Korea led to a loss in investor confidence in equities, which also drove higher demand for gold.
- Gold Price in Jammu dropped marginally as the month came to a close, with gold trading at Rs.3,026 per gram on 30th November to register a rise of 0.66%.
Gold Rate Trend in Jammu for December 2017:
- The last month of the year saw demand for gold fluctuate due to geopolitical factors and sharp price discrepancies.
- Gold opened the month trading at Rs.3,016 per gram, with prices falling as markets recovered after a period of geopolitical turmoil in the United States.
- Local demand kpet prices steady in the face of a global decline in demand for gold, though prices continued to drop.
- Prices kept fluctuating as demand from Asian nations was weak as analysts anticipated further drops in the price of the precious metal.
- Gold continued to make slight losses as the month ended on 31st December, with the metal priced at Rs.2,020 per gram.
