Gold Rate in Trivandrum

Gold Rate Trend in Trivandrum for January 2018 to March 2018 (per gram of 24 karat gold)

Gold Rate Trend in Trivandrum for October 2017 to December 2017 (per gram of 24 karat gold)

Gold Rate Trend In Trivandrum For October 2017:

• When trading opened in Trivandrum, gold was priced at Rs.2,954 per gram on the 1st of October.
• Demand remained low despite the imminent arrival of the festive season during the month. This led to gold rate in Trivandrum plummeting to Rs.2,942 per gram on the 2nd with poor domestic demand for the metal.
• The rising tensions between the US and North Korea led to an increased demand for safe-haven assets such as gold. The precious metal was recorded trading at Rs.2,977 per gram on the 12th.
• Local demand surged with jewelers and retailers ramping up purchases ahead of the festive season. This led to gold price in Trivandrum rising to Rs.2,989 per gram on the 17th.
• The next few days witnessed gold rates plunging against the strengthening US dollar and rising equity markets. The bullion was recorded trading at Rs.2,952 per gram on the 28th amid the poor trend overseas.
• The month concluded with gold trading at Rs.2,942 per gram on the 31st with reduced domestic demand brought about by the strong US dollar index.
• Trivandrum saw gold rate in Trivandrum declining by 0.40% amid the uneven global cues and poor local demand during the course of the month.

Gold Rate Trend In Trivandrum For November 2017:

• The month began with the precious metal trading at Rs.2,942 per gram on the 1st with the US dollar recovering from the previous week’s losses.
• Gold price in Trivandrum plunged to Rs.2,932 per gram on the 4th with local demand taking a hit amid the strengthened US dollar and firmer equities.
• Gold rates, however, picked up with the political uncertainties in the Middle East pushing demand higher for safe-haven assets. The yellow metal was priced at Rs.2,941 per gram on the 7th.
• Strong demand by local jewelers, industries, and retailers amid the positive trends overseas led to gold rates rising to Rs.2,986 per gram on the 18th.
• With the US economy recovering from the initial loss, the dollar gained against a basket of other emerging currencies. This led to gold price in Trivandrum plunging to Rs.2,955 per gram on the 23rd.
• The month ended with the bullion trading at Rs.2,937 per gram on the 30th with low but steady demand for the metal.
• Poor domestic demand brought about by the uneven global trends led to gold trade in Trivandrum decline by 0.16% during the course of the month.

Gold Rate Trend In Trivandrum For December 2017:

• The first week on December saw gold rate in Trivandrum greatly influenced by the ongoing sessions in the US Senate for approval of the landmark Republican tax bill.
• Gold was priced at Rs.2,921 per gram on the 1st when the week began.
• The US dollar spiked with the approval of the country’s biggest tax reform bill in thirty years. This led to gold rate in Trivandrum plunging to Rs.2,877 per gram on the 8th before dropping further to Rs.2,862 per gram on the 9th.
• Reduced local demand brought about the poor trends overseas led to gold being priced at Rs.2,816 per gram – the lowest recorded monthly figure – on the 16th.
• However, the US dollar lost its ground with investors and traders speculating over the final result of the landmark tax bill on the US economy. The metal was priced at Rs.2,858 per gram on the 24th.
• The strong global trends coupled with an increased domestic demand from jewelers, industries, and retailers led to gold rate in Trivandrum rising to Rs.2,909 per gram on the 29th.
• When trading concluded for the month, the bullion was recorded trading at Rs.2,909 per gram on the 31st with steady demand for the precious metal.
• Trivandrum recorded a loss of 0.41% due to the poor international trends that pushed local demand lower for the metal.