May 6
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Gold Rate In Thanjavur
Thanjavur is a well-known city in the state of Tamil Nadu. Thanjavur is known for its culture, temples, paintings and UNESCO World Heritage Monuments. The city is also known for its contribution to the agricultural output of Tamil Nadu. Thanjavur has a thriving service-oriented industry owing to the large influx of tourists. Thanjavur is also a major hub for silk weaving and manufacture of various musical instruments. Gold is considered auspicious in Thanjavur and worn during all major festive occasions.
Gold Rate Trend in Thanjavur for January 2018 to March 2018 (per gram of 24 karat gold)
| Factor | January | February | March |
| 1st day | Rs.3,002 per gram | Rs.3,040 per gram | Rs.3,043 per gram |
| Last day | Rs.3,045 per gram | Rs.3,046 per gram | Rs.3,072 per gram |
| Highest price | Rs.3,084 per gram on 20 & 21 January | Rs.3,103 per gram on 14 February | Rs.3,105 per gram on 24 & 25 March |
| Lowest price | Rs.3,001 per gram on 4 January | Rs.3,003 per gram on 8 February | Rs.3,030 per gram on 19 March |
| Trend | Incline | Incline | Incline |
| Change | 1.43% | 0.19% | 0.95% |
Gold Rate Trend in Thanjavur for October 2017 to December 2017 (per gram of 24 karat gold)
| Factor | October | November | December |
| 1st day | Rs.3,040 per gram | Rs.2,988 per gram | Rs.2,982 per gram |
| Last day | Rs.2,997 per gram | Rs.2,992 per gram | Rs.3,015 per gram |
| Highest price | Rs.3,059 per gram on 14 and 15 October | Rs.3,030 per gram on 18 and 19 November | Rs.3,015 per gram on 30 and 31 December |
| Lowest price | Rs.2,997 per gram on 6, 27, 30, and 31 October | Rs.2,974 per gram on 6 November | Rs.2,903 per gram on 13 December |
| Trend | Decline | Incline | Incline |
| Change | -1.41% | 0.13% | 1.10% |
Gold Rate Trend In Thanjavur For October 2017:
- The month began in Thanjavur with the bullion priced at Rs.3,040 per gram on the 1st amid firm trends overseas.
- With the investors speculating over the possibilities of an interest rate hike by the Federal Reserve, the US dollar and equities regained lost ground. This led to gold prices plummeting to Rs.2,997 per gram on the 6th.
- Local demand surged with the KYC norms being mandated in the country. This resulted in positive buyer sentiments and gold rates surged to Rs.3,042 per gram on the 12th.
- On the 14th, gold price in Thanjavur surged to Rs.3,059 per gram following an increase in demand by local jewellers, industries and local jewellers amid strong global cues. This was also the highest recorded monthly figure in Thanjavur.
- The US dollar, however, recovered from the previous week’s losses over the next few days and the precious metal was recorded trading at Rs.3,026 per gram on the 20th.
- With the US dollar gaining against a basket of other emerging currencies and the well performing equity markets, gold rates plunged to Rs.3,000 per kg on the 26th.
- When the month ended, the precious metal was recorded trading at Rs.2,997 per gram on the 31st with the US dollar rising ahead of major central banks’ monetary policy meetings.
- Poor global trends coupled with reduced local demand led to gold rate in Thanjavur declining by 1.41% during the course of the month.
Gold Rate Trend In Thanjavur For November 2017:
- Steady demand coupled with firm trends overseas led to gold opening at Rs.2,998 per gram on the 1st.
- The US dollar, however, rose against other apex currencies with the equity markets performing well. This led to gold rates plunging to Rs.2,977 per gram on the 4th.
- The next few days with gold price in Thanjavur plunging amid the poor trends overseas. On the 6th, the bullion prices hit their lowest monthly figure at Rs.2,974 per gram.
- With the US-North Korean relation intensifying during the week, prices surged to Rs.3,015 per gram on the 12th with an increase in demand for safe-haven assets such as gold in the international markets.
- Strong domestic demand from local jewellers, industries and retailers brought about by the positive overseas trends led to gold rate in Thanjavur hitting their highest monthly figure of Rs.3,031 per gram on the 18th.
- But with the US dollar recovering from the previous weeks’ losses, gold rates plunged to Rs.3,012 per gram on the 24th.
- Trading concluded for the month with the yellow metal prices holding at Rs.2,992 per gram on the 30th.
- Positive global trends coupled with increased domestic demand led to gold rates inclining at 0.13% during the course of the month.
Gold Rate Trend In Thanjavur For December 2017:
- The final month of the quarter opened with the bullion priced at Rs.2,982 per gram on the 1st amid the poor trend overseas.
- The US dollar gained against a number of other emerging currencies after the US Senate approved the country’s biggest tax reform plan in thirty years. This led to gold rates plunging to Rs.2,917 per gram on the 8th with reduced demand for the metal.
- Gold rate in Thanjavur dropped considerably over the next few days with strong US dollar index and firmer equities markets pushing demand lower for the metal.
- The 13th saw gold prices in Thanjavur hitting their lowest at Rs.2,903 per gram amid the poor global cues.
- However, the revised interest rates by the US Federal Reserve and new US tax cuts resulted in the Asian stocks failing considerably during the week. This led to the precious metal prices rebounding to Rs.2,956 per gram on the 23rd.
- On the 28th, the yellow metal prices were recorded holding at Rs.2,985 per gram amid the firm overseas trends and increasing domestic demand jewellers and industries.
- The month concluded with the bullion priced at Rs.3,015 per gram on the 31st, thanks to strong domestic demand from jewellers, retailers and industries amid the positive global trends.
- Thanjavur registered a profit of 1.10% in gold trade owing to various global and domestic factors that influenced demand during the course of the month.
