May 14
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Gold Rate in Ranchi
Gold is sold by numerous dealers and traders in the city. The city boasts of a well-established gold market and as such customers usually get a lot of options to choose from. The city is also a centre of local commercial activity and therefore a large number of customers both from urban and rural localities prefer shopping for gold in Ranchi.
Gold Rate Trend in Ranchi for January 2018 to March 2018 (per gram of 24 karat gold)
| Factor | January | February | March |
| 1st day | Rs.3,090 per gram | Rs.3,146 per gram | Rs.3,143 per gram |
| Last day | Rs.3,127 per gram | Rs.3,163 per gram | Rs.3,159 per gram |
| Highest price | Rs.3,172 per gram on 25 January | Rs.3,191 per gram on 18 & 19 February | Rs.3,198 per gram on 25 & 26 March |
| Lowest price | Rs.3,088 per gram on 5 January | Rs.3,105 per gram from 10-13 February | Rs.3,117 per gram on 20 March |
| Trend | Incline | Incline | Incline |
| Change | 1.19% | 0.54% | 0.50% |
Gold Rate Trend in Ranchi for October 2017 to December 2017 (per gram of 24 karat gold)
| Factor | October | November | December |
| 1st day | Rs.3,109 per gram | Rs.3,071 per gram | Rs.3,074 per gram |
| Last day | Rs.3,091 per gram | Rs.3,085 per gram | Rs.3,098 per gram |
| Highest price | Rs.3,138 per gram from 12 to 17 October | Rs.3,123 per gram on 20, 25th and 26th November | Rs.3,098 per gram on 30 and 31 December |
| Lowest price | Rs.3,079 per gram from 27 to 29 October | Rs.3,035 per gram 18 November | Rs.3,001 per gram on 12 and 13 December |
| Trend | Decline | Incline | Incline |
| Change | -0.57% | 0.45% | 0.78% |
Gold Rate Trend in Ranchi for October 2017:
- Gold opened at Rs.3,109 per gram when the final quarter of 2017 began.
- Gold trade this month was affected by poor local demands and a strong US market. Even some of the key festivals failed to spur investor sentiments.
- Prices dropped to Rs.3,086 per gram by the 6th due to a considerable drop in demand but surged back to Rs.3,113 per gram after a poor US dollar showing.
- The yellow metal’s rates hit their highest rate of Rs.3,138 per gram on the 12th and continued at this rate till the 18th of the month.
- Towards the final few days of the month, gold rates in Ranchi seemed to decline before picking up over the 30th and the 31st.
- When the month came to an end, the yellow metal was priced at Rs.3,091 per gram.
- Price trends dropped by 0.57% this month due to poor global cues and weak local demand.
Gold Rate Trend in Ranchi for November 2017:
- When trading started for November, gold opened at Rs.3,071 per gram.
- There were price fluctuations for most part of the month but a steady local demand kept gold rates from witnessing any major changes.
- However, as the US dollar improved against other currencies, gold rates fell and hit Rs.3,035 per gram on the 18th – the lowest rate for the month.
- From this period on, prices fluctuated quite a bit before closing at Rs.3,085 per gram on the last day of the month.
Gold Rate Trend in Ranchi for December 2017:
- Gold trading in December began on a positive note, dropped considerably as the month progressed and improved again towards the end of the month.
- On the 1st of December, the precious metal was priced at Rs.3,074 per gram. Rates went up during the initial few days as the equity market in the US went through a rough patch, which pushed gold rates up.
- In Ranchi, the metal traded at Rs.3,088 per gram from the 2nd to the 4th of the month.
- Gold hit its lowest of the month of Rs.3,001 per gram on the 12th as the dollar bounced back amid a strong market.
- But, various concerns regarding the Trump administration recurred, which led to a weakening of the stock exchanges.
- Gold recovered from the fall to end the month on a high – trading at Rs.3,098 per gram – which was also the highest gold rate for the month.
- Price trends saw a 0.78% change this month, thanks to strong global cues and increased trading in the local market.
