Rajkot is the 4th largest city in Gujarat. The population is more than 1.2 million and it is the 35th largest urban agglomeration in India. It is the 22nd fastest growing city in the world. The women of Rajkot are extremely fond of gold. They wear large necklaces and pendants for marriages, festivals and other functions. The gold prices keep changing based on the international gold rates.
Gold Rate Trend in Rajkot for January 2018 to March 2018 (per gram of 24 karat gold)
| Factor | January | February | March |
| 1st day | Rs.3,086 per gram | Rs.3,138 per gram | Rs.3,159 per gram |
| Last day | Rs.3,120 per gram | Rs.3,159 per gram | Rs.3,149 per gram |
| Highest price | Rs.3,171 per gram on 25 January | Rs.3,175 per gram on 20 February | Rs.3,182 per gram from 27-30 March |
| Lowest price | Rs.3,082 per gram on 5 January | Rs.3,092 per gram on 9 & 10 February | Rs.3,109 per gram on 20 March |
| Trend | Incline | Incline | Decline |
| Change | 1.10% | 0.66% | -0.31% |
Gold Rate Trend in Rajkot for October 2017 to December 2017 (per gram of 24 karat gold)
| Factor | October | November | December |
| 1st day | Rs.3,109 per gram | Rs.3,087 per gram | Rs.3,068 per gram |
| Last day | Rs.3,087 per gram | Rs.3,078 per gram | Rs.3,086 per gram |
| Highest price | Rs.3,133 per gram from 12 to 16 October | Rs.3,113 per gram on 20 and 21 November | Rs.3,086 per gram on 30 and 21 December |
| Lowest price | Rs.3,073 per gram on 27 and 28 October | Rs.3,057 per gram from 4 to 6 November | Rs.2,990 per gram on 14 December |
| Trend | Decline | Decline | Incline |
| Change | -0.70% | -0.29% | 0.58% |
Gold Rate Trend in Rajkot for October 2017:
- Gold opened on a relatively high note, trading at Rs.3,127 per gram when October began.
- Rates continued at this rate before dropping to Rs.3,104 per gram on the 4th as demand seemed to fall amid poor local demand and a rising US dollar.
- Gold prices in Rajkot flatlined at Rs.3,084 per gram from 6th to 8th October before increasing to Rs.3,119 per gram on the 9th and rising to the month’s highest figure of Rs.3,135 per gram on the 12th of October.
- The yellow metal’s rates continued at Rs.3,135 per gram till the 17th – owing to festive demand and a weak US dollar – but fell to Rs.3,011 per gram on the 19th.
- Gold rates hit their lowest for the month when the metal traded at Rs.3,002 per gram from the period between the 23rd and 26th October.
- From this point on, rates improved gradually to end the month at Rs.3,088 per gram.
- Some poor demand towards the latter half of the month led to prices declining by 1.24% in Rajkot.
Gold Rate Trend in Rajkot for November 2017:
- Gold rates in Rajkot saw an improvement in the month of November, thanks to various events involving the US president Donald Trump.
- The yellow metal’s rates had actually tumbled when trading began for November – starting at Rs.3,070 per gram as opposed to Rs.3,088 per gram the previous day.
- But, a weak US dollar performance – brought about by the lukewarm response to Donald Trump’s latest tax structure rejig – pushed gold rates up.
- Gold traded at its highest during the 19th and the 20th when it was priced at Rs.3,115 per gram.
- However, a improvement in US treasury yields gave the US economy a much needed reason for growth.
- By the end of this month, gold rates had plummeted to go down to Rs.3,081 per gram.
- Despite the reduced demand towards the end of the month, gold rate trends managed to record an increase of 0.35%.
Gold Rate Trend in Rajkot for December 2017:
- Gold rates in Rajkot opened strongly when December began. However, rates seemed to be on the decline for most part of the month due to poor demand.
- On the 1st of December, the yellow metal was priced at Rs.3,078 per gram, which then rose to Rs.3,094 per gram – the month’s highest gold rate.
- From this point on, there was consistent decline in prices with prices going down to as low as Rs.2,988 per gram on the 12th of December.
- But, a number of issues concerning the US economy and the Trump Presidency led to a weakening of the US dollar and the subsequent rise in gold prices.
- During the second half of the month, gold rates seemed to be on the incline – rising steadily and closing at Rs.3,093 per gram as the month came to an end.
- Gold price trend inclined by 0.61% in Rajkot for the last month of 2017, thanks to a rise in demand both globally and domestically.