May 6

Gold Rate in Raipur

Team Antworks

Gold is primarily consumed in the form of jewelleries and ornaments in Raipur. The city has a good demand for physical gold preferred by both the urban and rural populace. Gold demand is there in the city and gold rates are affected by these demands.

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

Parameters	Gold price (24 karat)
Gold Rate on 1st March	Rs.3,147 per gram
Gold Rate on 31st March	Rs.3,148 per gram
Highest Rate in March	Rs.3,148 per gram on 8, 9 and from 24 to 31 March
Lowest Rate in March	Rs.3,123 per gram from 17 to 23 March
Overall Monthly Performance	Incline
Percentage Change	0.03%

March 2018- Week 1 (1st-4th):

Gold prices in Raipur were steady in the first week of March, with the precious metal trading at Rs.3,147 per gram as trading opened.
There was no change in price during the week as demand was stable and international demand was also muted due to a rising U.S. Dollar.
In spite of a drop in the dollar rate due to fears of a trade war with China, there was no change in the price of gold in Raipur, resulting in the week ending with the metal priced at Rs.3,147 per gram on 4 March.

March 2018- Week 2 (5th-11th):

Prices were stable as the second week began, with gold trading at Rs.3,147 per gram on 5 March as there was minimal change in demand.
There was a minor drop in international demand for gold in spite of markets being shaky over the U.S. announcement of trade tariffs on steel and aluminium.
There was a slight rise in price as gold traded at Rs.3,148 per gram on 8 & 9 March as the dollar dipped on news of trade tariffs and internal political crises in the U.S.
In spite of positive global movement in bullion, prices in Raipur dropped to Rs.3,134 per gram on 10 March.
Prices remained the same as the week ended on 11 March, with gold priced at Rs.3,134 per gram.

March 2018- Week 3 (12th-18th):

There was no change in the price of gold as the week began due to stagnant demand from local jewelers due to the end of the wedding season.
Gold prices traded at Rs.3,134 per gram from 12-16 March in spite of fluctuations in demand across the world.
The surprise replacement of Rex Tillerson as U.S. Secretary of State led to stock markets and the dollar index falling, which led to a rise in demand for safe-haven assets like gold.
However, a strong local equity market led to local demand for gold falling as the metal’s price dropped to Rs.3,123 per gram on 17 March, with prices remaining constant as the week ended on 18 March.

March 2018- Week 4 (19th-25th):

Prices were constant as the week began in Raipur, contrary to trends seen across other Indian cities.
Gold was priced at Rs.3,123 per gram on 19 March as a slow opening week for the metal was attributed to lower demand from jewelers.
International demand rose as speculation over the successor to Rex Tillerson and the impact to U.S. foreign policy caused stock markets to be jittery, renewing interest in bullion.
Prices jumped to Rs.3,148 per gram on 24 March ahead of the Fed Reserve meeting and an increase in industrial demand.
The week ended with gold priced at Rs.3,148 per gram on 25 March on steady demand from local industrial units.

March 2018- Week 5 (26th-31st):

The last week of March saw the price of gold remain constant as stable demand regularised prices.
Gold was priced at Rs.3,148 per gram on 26 March as a shaky dollar rate resulted in greater demand for bullion as a hedge against possible losses on the bourses.
Local retail demand was flagging but industrial demand kept prices from falling during the week.
The month ended with gold trading at Rs.3,148 per gram on 31 March, with the metal making a a mere 0.03% increase in price over the course of the month.

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

Parameters	Gold price (24 karat)
Gold Rate on 1st February 2018	Rs.3,128 per gram
Gold Rate on 28th February 2018	Rs.3,147 per gram
Highest Rate in February	Rs.3,148 per gram from 3-5, 7 and 18-22 February
Lowest Rate in February	Rs.3,091 per gram from 9-11 February
Overall Monthly Performance	Incline
Percentage Change	0.60%

February 2018- Week 1 (1-4):

Gold prices in Raipur rose sharply in the first week of February in Raipur as a weak U.S. Dollar resulted in a rise in demand for the yellow metal.
The week opened with gold trading at Rs.3,128 per gram as interest from jewellers was steady due to favourable market conditions.
International demand was also high, especially from Asian industry who sought to capitalise on the weak dollar and fluctuating stock markets.
Gold rate in Raipur rose to Rs.3,148 per gram as the week ended on continued demand from the retail as well as industrial sectors.

February 2018- Week 2 (5-11):

There was a drop in the price of gold in the second week as stock markets recovered, resulting in a drop in demand for the precious metal.
Gold opened the week at Rs.3,148 per gram but the price soon fell to Rs.3,125 per gram on 6 February as retail demand petered out.
A rising U.S. Dollar and strengthening equity markets in turn led to a lower reliance on gold as a safe-haven asset as the yellow metal’s value fell to Rs.3,091 per gram on 9 February.
There was no change in price as the week ended, with gold languishing at Rs.3,091 per gram on 11 February.

February 2018- Week 3 (12-18):

A slight recovery in the price of gold was observed towards the middle of this week as turbulent stock markets and renewed interest from the retail sector propped up demand.
Gold was priced at Rs.3,103 per gram on 12 February, with the price remaining constant till 15 February due to stagnant demand.
In spite of the wedding season, there was not much demand for the yellow metal among the retail sector, with industry also reducing demand due to a high dollar rate.
Gold price in Raipur soared to Rs.3,148 per gram on 17 February as the dollar dipped on strong inflation data and investors looked to hedge against price pressures.
The week ended with gold prices remaining constant at Rs.3,148 per gram on 18 February.

February 2018- Week 4 (19-25):

There was not much movement in price during the week as demand was more or less constant.
Gold traded at Rs.3,148 per gram on 19 February as a rise in demand from jewellers bolstered prices.
The continued slump by the dollar and fears of a tightening of monetary policy led to markets falling and higher interest in gold.
Gold rate in raipur dipped briefly to trade at Rs.3,145 per gram on 23 February due to a slight drop in retail demand.
The week ended with gold prices staying steady at Rs.3,145 per gram on 25 February.

February 2018- Week 5 (26-28):

The final week of February saw prices remain unchanged due to stable demand from local and overseas buyers.
Gold opened the week at Rs.3,145 per gram on 26 February on steady demand from jewellers due to a low dollar rate.
A turbulent political climate in the United States led to uncertainty on the markets, which kept interest in gold high.
The week ended with gold price in Raipur rising to Rs.3,147 per gram on 28 February to register a 0.60% rise in value.

Trend of Gold Rate in Raipur for January 2017 (rates per gram for 24 karat gold)

Parameters	Gold price (24 karat)
Gold Rate on 1st January 2018	Rs.3,009 per gram
Gold Rate on 31st January 2018	Rs.3,144 per gram
Highest Rate in January	Rs.3,144 per gram on 29 and 30 January
Lowest Rate in January	Rs.3,000 per gram on 4 January
Overall Monthly Performance	Incline
Percentage Change	4.48%

January 2018 – Week 1 (1st – 7th):

In Raipur, gold was priced at Rs.3,009 per gram when January 2018 commenced.
Gold rate in Raipur went up to Rs.3,014 per gram on the 2nd as a brief fall in the dollar pushed demand up.
However, the US dollar surged amid strong job gain data, which caused gold price in Raipur in Raipur to reach Rs.3,000 per gram.
As demand from local investors rose, gold rates went up to Rs.3,015 per gram on the 5th of January.
With local purchases increasing steadily, the yellow metal’s rates went up to Rs.3,021 per gram on the 6th of the month.
When the month came to an end gold was still priced at Rs.3,021 per gram.

January 2018 – Week 2 (8th – 14th):

Due to declining weekend cues, gold rate in Raipur had dropped down to Rs.3,015 per gram on the 8th of January.
Demand seemed to be uneven which caused prices to push up to Rs.3,021 per gram on the 9th before dropping to Rs.3,009 per gram on the 10th.
With sales in the local circles rising, gold rates went up to Rs.3,030 per gram on the 11th of January. Gold improved on its previous day’s performance as the metal’s prices surged to Rs.3,045 per gram the next day.
On the 13th, gold price in Raipur went up again as the US dollar continued to weaken. The yellow metal traded at Rs.3,048 per gram on this day before rising to Rs.3,068 per gram on the 14th of January.

January 2018 – Week 3 (15th – 21st):

When the third week of January started, gold was seen trading at a further improved rate of Rs.3,071 per gram.
As a result of demand increasing gold price in Raipur moved up to Rs.3,086 per gram on the 16th before dropping to Rs.3,082 per gram on the 17th.
Due to demand seemingly declining,prices went down to Rs.3,061 per gram on the 18th before rising by Rs.3 to Rs.3,064 per gram the next day.
Over the final two days of this week, the yellow metal traded at Rs.3,084 per gram – a Rs.20 incline from the previous two days.

January 2018 – Week 4 (21st – 28th):

This week saw gold price in Raipur rise significantly and reach one of the highest levels since the times of the economic meltdown in 2008.
On the 21st of the month, gold was priced at Rs.3,084 per gram but dropped to Rs.3,078 per gram the next day.
Gold rate in Raipur rose on the 23rd to Rs.3,087 per gram and continued at this rate on the 24th as well due to steady demand.
Gold traded at Rs.3,127 per gram on the 25th of the month and continued more or less at this rate till the end of the week.

January 2018 – Week 5 (29th – 31th):

The final week of January saw gold prices remain steady, thanks to stable demand.
When the week began on the 29th, gold was priced at Rs.3,132 per gram and continued at this rate the next day as well.
Due to a slight dip in demand, gold rate in Raipur went down to Rs.3,127 per gram on the final day of the month.
Overall, gold price in Raipur trends saw a 3.90% incline over the course of the month as a consequence of a weak dollar and a strong local demand.