{"id":4785,"date":"2018-05-29T01:14:10","date_gmt":"2018-05-28T19:44:10","guid":{"rendered":"https:\/\/www.antworksmoney.com\/blog\/?page_id=4785"},"modified":"2019-09-25T17:42:05","modified_gmt":"2019-09-25T12:12:05","slug":"gold-rates-trend-in-2015","status":"publish","type":"post","link":"https:\/\/www.antworksmoney.com\/blog\/gold-rates-trend-in-2015\/","title":{"rendered":"Gold Rates Trend in 2015"},"content":{"rendered":"

Gold had an eventful year in 2015. The yellow metal, which started the year on a highly positive note, went through phases of extreme volatility and managed to register the lowest rates in over 5 years around July when global cues brought value down spectacularly. Gold rates reached as high as Rs.2,870 for 1 gram of 24-karat variety in New Delhi in January, and also managed to fall below the psychological mark of Rs.2,500 around July when Chinese stock markets tanked and gold reserves in countries came into question.<\/p>\n

Gold Price Trend in India in 2015:<\/h2>\n\n\n\n\n\n\n\n\n
2<\/strong>nd<\/strong>January<\/strong><\/td>\nRs.2,702<\/td>\n<\/tr>\n
31<\/strong>st<\/strong>December<\/strong><\/td>\nRs.2,555<\/td>\n<\/tr>\n
The highest rate in 2015<\/strong><\/td>\nRs.2,870 on 21st January<\/td>\n<\/tr>\n
Lowest Rate in 2015<\/strong><\/td>\nRs.2,492 on 25th July<\/td>\n<\/tr>\n
Overall performance<\/strong><\/td>\nLoss\/Negative<\/td>\n<\/tr>\n
% Change<\/strong><\/td>\n-5.44%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Note: All prices shown are for 24-karat gold\/gram in New Delhi.<\/em><\/strong><\/p>\n

Gold Price Trend (January 2015 \u2013 March 2015)<\/h3>\n\n\n\n\n\n
Prices<\/strong><\/td>\nRs.2,702 (2nd January), Rs.2,659 (31st March)<\/td>\n<\/tr>\n
Highest\/Lowest rates<\/strong><\/td>\nRs.2,870 (21st January), Rs.2,599 (18th March)<\/td>\n<\/tr>\n
Major influencers\/events<\/strong><\/td>\nSeasonal demand, strong US job growth data<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Gold rates at the start of the year were the highest they could reach through 2015. Rates at the start of January hovered around Rs.2,700 and were spurred to Rs.2,850+ towards the fag end of the month on the back of seasonal demand owing to the wedding season and global cues. In fact, the graph for gold rate in India in January was mostly in the appreciative direction.<\/p>\n

Gold was still strong at the start of February, however domestic demand cooled down towards mid-February while the global markets were also subdued. Markets were sliding for the remaining part of February as prices fell below Rs.2,700 at the end of the month. The RBI also lifted bank on gold coins and medallions import on 19th February after imports were prohibited towards the end of 2013 owing to a widening current account deficit.<\/p>\n

Gold prices lay in the range of Rs.2,600-2,700 throughout March. Value tumbled during the first half of the month, dropping to Rs.2,610 by 17th March on the back of stronger-than-expected performance from the US economy. A strong US economy adversely impacted the price of gold<\/a> as its demand as a safe haven drop.<\/p>\n

Gold Price Trend (April 2015 \u2013 June 2015)<\/h3>\n\n\n\n\n\n
Prices<\/strong><\/td>\nRs.2,658 (1st April), Rs.2,688 (30th June)<\/td>\n<\/tr>\n
Highest\/Lowest rates<\/strong><\/td>\nRs.2,806 (18th May), Rs.2,658 (1st April)<\/td>\n<\/tr>\n
Major influencers\/events<\/strong><\/td>\nAkshaya Tritiya, Fed rate hike speculations, Gold Monetization Schemes<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Gold Price Trend (July 2015 \u2013 September 2015)<\/h3>\n\n\n\n\n\n
Prices<\/strong><\/td>\nRs.2,682 (1st July), Rs.2,653 (30th September)<\/td>\n<\/tr>\n
Highest\/Lowest rates<\/strong><\/td>\nRs.2,770 (25th August), Rs.2,492 (25th July)<\/td>\n<\/tr>\n
Major influencers\/events<\/strong><\/td>\nChinese economy meltdown, weak monsoon, rate hike delays<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Gold had an eventful year in 2015. The yellow metal, which started the year on a highly positive note, went through phases of extreme volatility and managed to register the lowest rates in over 5 years around July when global cues brought value down spectacularly. Gold rates reached as high as Rs.2,870 for 1 gram … Continue reading “Gold Rates Trend in 2015”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-4785","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\r\nGold Rates Trend in 2015 - Antworks Money<\/title>\r\n<meta name=\"description\" content=\"Gold price trend in 2015 - Check the daily gold rate report in India and read the gold is an Investment...read more\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.antworksmoney.com\/blog\/gold-rates-trend-in-2015\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Gold Rates Trend in 2015 - 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