May 4
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Gold Rate in Vellore
Vellore is a city located in the state of Tamil Nadu, South India. It is located on the banks of Palar river and has a population of about 423,425 based on a census conducted in the year 2011. It also houses two of top ten educational institutions in India. It is also very famous for medical tourism in India and is a major exporter of leather goods in India.
Gold Rate Trend in Vellore for January 2018 to March 2018 (per gram of 24 karat gold)
| Factor | January | February | March |
| 1st day | Rs.3,009 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.3,129 per gram on 25 January | Rs.3,103 per gram on 14 February | Rs.3,105 per gram on 24 and 25 March |
| Lowest price | Rs.3,000 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 | 1.19% | 0.19% | 0.95% |
Gold Rate Trend in Vellore 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 Vellore for October 2017:
- The month commenced in Vellore with the precious metal trading at Rs.3,040 per gram on the 1st.
- Gold rate in Vellore plunged to Rs.2,997 per gram on the 6th with the US dollar gaining against a basket of other major currencies.
- The government’s decision to mandate KYC norms in the country received positive buyer sentiments in the domestic trade. This led to gold rates rebounding to Rs.3,042 per gram on the 12th.
- An increase in demand from local jewelers, retailers and industries amid the positive trend overseas led to gold prices in Vellore touching their highest monthly figure of Rs.3,059 per gram on the 14th.
- However, with the US dollar regaining lost ground amid firmer equities led to the bullion prices dropping to Rs.3,026 per gram on the 20th.
- Poor domestic demand for the metal brought about by the strong US dollar index led to gold rate in Vellore holding at Rs.3,000 per gram on the 26th.
- Trading concluded for the month with the precious metal trading at Rs.2,997 per gram on the 31st.
- The bullion trade in Vellore registered a loss of 1.41% owing to the poor global cues during the course of the month.
Gold Rate Trend In Vellore For November 2017:
- When trading opened in Vellore, the bullion was priced at Rs.2,998 per gram on the 1st following steady demand from the previous week.
- However, rates plummeted to Rs.2,977 per gram on the 4th with domestic demand taking a hit against the strong US dollar index and well performing equities market.
- The poor global trends coupled with firmer equities led to gold rate in Vellore plunging to Rs.2,974 per gram on the 6th. This was also the lowest recorded monthly figure in Vellore.
- Gold prices recovered to Rs.3,015 per gram on the 12th after the ongoing US-North Korea conflicts resulted in investors gravitating towards investments considered safer such as gold.
- Strong demand brought about by the positive trends overseas led to god rates rising to Rs.3,031 per gram – the highest recorded monthly figure – on the 18th.
- The dollar, however, regained lost ground over the next few days amid possibilities of an interest rate hike by the Federal Reserve. The yellow metal was recorded trading at Rs.3,012 per gram on the 24th.
- The month ended with gold priced at Rs.2,992 per gram on the 31st and Vellore registered an incline of 0.13% during the course of the month.
Gold Rate Trend In Vellore For December 2017:
- The last month commenced with the bullion trading at Rs.2,982 per gram on the 1st following a slight decline in demand for the metal.
- Gold price in Vellore plunged to Rs.2,917 per gram on the 8th as the US dollar gained against a basket of other major emerging currencies following approval of the landmark US tax reform plan by the US Senate.
- Strong dollar index coupled with rising equities led to gold rates declining as the week progressed.
- The 13th saw gold prices touching Rs.2,903 per gram – the lowest recorded monthly figure – with the US dollar strengthening after the release of new interest rates by the US Federal Reserve.
- However, with markets cautious over the ultimate result of the US tax bill on the country’s economic growth, the US dollar lost ground towards the end of the month. The precious metal was priced at Rs.2,956 per gram on the 23rd.
- With the Asian stock markets failing against the new tax cuts, gold rates surged further to Rs.2,985 per gram on the 28th.
- The month concluded with the bullion trading at Rs.3,015 per gram on the 31st, and Vellore recorded an incline of 1.10% in gold rates during the course of the month.
