May 4
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Gold Rate in Jammu and Kashmir
The demand for gold in Jammu and Kashmir peaks during the festival and wedding season, with jewellers across the state offering a plethora of options to residents. Gold has also been viewed as an excellent investment avenue in the state, serving a dual purpose for gold owners.
Gold Rate Trend in Jammu-And-Kashmir 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 Jammu and Kashmir 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 Jammu and Kashmir for October 2017:
- Gold was priced at Rs.3,063 per gram in Jammu and Kashmir when trading began for the month of October.
- Prices began to drop as the markets recovered, leading to a decline in demand for gold due to the increased cost of importing the metal.
- The lack of stable local demand in spite of the festive season led to a further decline in the price, with gold trading at Rs.3,028 per gram on 6 October.
- The onset of Diwali and the Indian wedding season also failed to have much of an impact on the price of gold.
- Prices in fact fell to their lowest of the month, trading at Rs.3,026 per gram from 27-31 October.
- The sharp decline in the price of gold can be attributed to weak demand as well as market forces, as gold registered a drop in value of 1.20% over the course of the month.
Gold Rate Trend in Jammu and Kashmir for November 2017:
- The month began with gold prices at Rs.3,006 per gram as equity markets surged on positive cues and local demand stagnated due to a high U.S. Dollar rate.
- A minor drop in the dollar rate due to geopolitical tensions led to a spurt in demand from gold from the local market, with jewellers increasing orders ahead of the wedding season.
- Prices rose to Rs.3,060 per gram by 18 November as markets stumbled in the face of the new tax policy.
- Local retail demand also picked up in the face of favourable conditions as markets continued to trade low due to the implications of the new tax policy.
- The recovery of the dollar led to a drop in demand for gold once again, as Asian markets reduced orders over fears of an economic slowdown.
- The slump in prices persisted till the end of the month, when gold prices rose marginally.
- Gold was priced at Rs.3,026 per gram on 30 November after a further slump in demand due to high dollar rates.
- Due to the decline in price towards the end of the month, gold prices registered an increase of 0.66% over the course of the month.
Gold Rate Trend in Jammu and Kashmir for December 2017:
- The month of December began with gold priced at Rs.3,016 per gram, with prices falling marginally due to the continued strong performance by the dollar index.
- There was a quick recovery as gold rose to trade at Rs.3,036 per gram on 2 December as the dollar plunged due to the political turmoil over the investigation into the U.S. President.
- Prices fluctuated as industrial demand was muted but sporadic local demand kept prices from falling too drastically.
- Market uncertainty also helped boost prices towards the middle of the month, but this was short-lived as the dollar index recovered and resulted in fewer gold orders.
- The month ended with gold priced at Rs.3,020 per gram on 31 December, resulting in gold recording a 0.13% incline over the course of the month.
