Apr 21
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Gold Price in Patna
Gold Rates in Patna
Patna, in Bihar is a place that is heavily influenced by both the Northern and the Eastern cultures of India. As such, culinary experiences, varied festivals and numerous occasions come bundled with this trait. Patna is known to celebrate every major festival in India in a grand way. Gifting forms a major part of the gold buying, while certain festivities add to the already growing stock of gold with people in Patna. The gold rate in Patna is more or less the same as that around the globe, concerning the bullion rates, prices of coins, bars and jewellery.
Daily Gold Rates
| Date | Standard Gold (22 K) | Pure Gold (24 K) | ||
| 1 gram | 8 grams | 1 gram | 8 grams | |
| 25 Feb 2018 | ₹ 3,008 | ₹ 24,064 | ₹ 3,158 | ₹ 25,264 |
| 24 Feb 2018 | ₹ 3,004 | ₹ 24,032 | ₹ 3,154 | ₹ 25,232 |
| 23 Feb 2018 | ₹ 3,004 | ₹ 24,032 | ₹ 3,154 | ₹ 25,232 |
| 22 Feb 2018 | ₹ 3,005 | ₹ 24,040 | ₹ 3,155 | ₹ 25,240 |
| 21 Feb 2018 | ₹ 3,017 | ₹ 24,136 | ₹ 3,168 | ₹ 25,344 |
| 20 Feb 2018 | ₹ 3,035 | ₹ 24,280 | ₹ 3,187 | ₹ 25,496 |
| 19 Feb 2018 | ₹ 3,039 | ₹ 24,312 | ₹ 3,191 | ₹ 25,528 |
| 18 Feb 2018 | ₹ 3,039 | ₹ 24,312 | ₹ 3,191 | ₹ 25,528 |
| 17 Feb 2018 | ₹ 3,027 | ₹ 24,216 | ₹ 3,178 | ₹ 25,424 |
| 16 Feb 2018 | ₹ 3,022 | ₹ 24,176 | ₹ 3,173 | ₹ 25,384 |
Gold Rate Trend in Patna 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 Patna 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.
- Gold price in Patna 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 Patna 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 Patna 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 rate in Patna fell and hit Rs.3,035 per gram on the 18th – the lowest rate for the month.
- From this period on, gold price in Patna fluctuated quite a bit before closing at Rs.3,085 per gram on the last day of the month.
Gold Rate Trend in Patna 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 Patna, 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.
Gold Rate Trend in Patna for July 2017 to September 2017 (per gram of 24 karat gold)
| Factor | July | August | September |
| 1st day | Rs.3,011 per gram | Rs.3,005 per gram | Rs.3,041 per gram |
| Last day | Rs.3,001 per gram | Rs.3,041 per gram | Rs.3,109 per gram |
| Highest price | Rs.3,044 per gram on 3 July | Rs.3,072 per gram on 17 August | Rs.3,185 per gram from 8-11 September |
| Lowest price | Rs.2,903 per gram on 14 July | Rs.2,971 per gram on 7 August | Rs.3,041 per gram on 1 & 2 September |
| Trend | Decline | Incline | Incline |
| Change | -0.33% | 1.19% | 2.23% |
Gold Price trend in Patna for July 2017
- Gold opened trading at Rs.3,011 per gram, when the month began in Patna.
- Local demand surged on the 3rd despite poor global trends, and the yellow metal was trading as high as Rs.3,044 per gram – the highest recorded monthly figure.
- But, prices declined significantly over the next few days as domestic demand plunged with the introduction of GST bill in the country. This led to gold rate in Patna dropping to Rs.2,903 per gram – the lowest recorded monthly figure – on the 14th.
- Gold rate in Patna fluctuated as the month progressed, owing to the rising geopolitical tensions in the Korean peninsula and the United States.
- When trading concluded for the month, the precious metal was trading at Rs.3,001 per gram on the 31st.
- Patna registered a loss of 0.33% in the bullion trade due to global, as well, as domestic factors.
Gold Price trend in Patna for August 2017
- When trading commenced for the month, the yellow metal was recorded trading at Rs.3,005 per gram on the 1st.
- Gold price in Patna dropped to Rs.2,975 per gram on the 5th as world markets rallied with the possibility of a new Fed rate hike.
- However, demand surged with the US-North Korean relations deteriorating. This led to gold rates surging to Rs.3,034 per gram on the 11th.
- Gold price in Patna rose further with the US-North Korean conflicts intensifying over the next few days, pushing demand for safe-haven assets like gold higher. This led to prices rising to Rs.3,072 per gram on the 17th.
- Despite the positive global trends, local demand declined uncharacteristically towards the end of the month, resulting in the bullion rates plunging to Rs.3,015 per gram on the 29th.
- The month ended with the precious metal prices rebounding to Rs.3,041 per gram, with steady demand in the global, as well as, domestic markets.
Gold Price trend in Patna for September 2017
- The yellow metal was trading at Rs.3,041 per gram, when the bullion trade commenced in Patna.
- Global surged significantly after North Korea announced an official statement on its most powerful nuclear weapon to date. This led to investors gravitating towards safe-haven investments like gold, pushing prices higher to Rs.3,185 per gram on the 8th.
- With the US economy recovering and equities markets holding firm, global demand declined gradually over the next few days, and the precious metal was recorded trading at Rs.3,111 per gram on the 23rd.
- Despite the imminent arrival of Dussehra, local gold trade remained on the low. This led to gold rates in Patna dropping to Rs.3,105 per gram on the 26th.
- The month concluded with the bullion trading at Rs.3,109 per gram on the 30th.
- Patna witnessed gold rates inclining at 2.23% during the course of the month, thanks to increased international demand coupled with strong global cues.
Gold Rate Trend in Patna for April 2017 to June 2017 (per gram of 24 karat gold)
| Factor | April | May | June |
| 1st day | Rs.3,011 per gram | Rs.3,015 per gram | Rs.3,030 per gram |
| Last day | Rs.3,021 per gram | Rs.3,021 per gram | Rs.3,011 per gram |
| Highest price | Rs.3,096 per gram on 17, 22 & 23 April | Rs.3,034 per gram on 30 May | Rs.3,080 per gram on 7 June |
| Lowest price | Rs.3,011 per gram from 1-3 April | Rs.2,937 per gram on 11 May | Rs.2,994 per gram on 19 & 20 June |
| Trend | Incline | Incline | Decline |
| Change | 0.33% | 0.19% | -0.62% |
Gold Price trend in Patna for April 2017
- The price of gold in Patna was on the increase in the month of April due to favourable market conditions as well as high demand from consumers.
- Gold was priced at Rs.3,011 per gram on 1 April on before rising to Rs.3,034 per gram on 4 April due to a drop in the U.S dollar, which spurred interest in the metal.
- Prices fluctuated due to vagaries in demand as the U.S. dollar continued to fall, with stock markets also weak due to geopolitical tensions in the United States.
- Gold traded at Rs.3,065 per gram from 13-16 April as demand stabilised in the light of renewed market uncertainty.
- Increased buying from Asia kept prices high as gold was priced at Rs.3,095 per gram on 19 April before demand dropped sharply.
- Reduced offtake from overseas markets led to the metal falling to Rs.3,045 per gram on 25 April before prices plunged to Rs.3,021 per gram form 28-30 April due to lowered demand.
Gold Price trend in Patna for May 2017
- Gold prices were on the decline as May began due to reduced offtake from overseas consumers as markets were stable and currencies were also on the rise.
- The yellow metal was priced at Rs.3,021 per gram on 1 May but prices dipped to Rs.2,943 per gram on 8 May, with markets buoyed by the victory of Emmanuel Macron in the French presidential election.
- Prices remained low as local demand was also muted before increased demand from jewellers pushed prices to Rs.3,003 per gram on 18 May.
- Demand fluctuated as markets were unsteady due to geopolitical tensions in the U.S. as well as a sliding dollar rate, as gold traded at Rs.3,029 per gram on 23 May.
- Prices fell as the month progressed, with gold trading at Rs.3,026 per gram on 29 May before closing the month at Rs.3,015 per gram on 31 May.
Gold Price trend in Patna for June 2017
- Gold prices fluctuated at the start of June as the dollar continued to perform poorly, as the yellow metal traded at Rs.3,030 per gram on 1 June on strong industrial demand.
- Prices dipped to Rs.3,011 per gram on 2 June before recovering to trade at Rs.3,080 per gram on 7 June due to conflicting cues from the markets.
- As the dollar made gains after weeks of poor performance, demand for gold fell and the metal traded at Rs.3,012 per gram from 15-18 June.
- In spite of higher demand from local jewelers before the onset of GST, gold prices continued to fall, trading at Rs.2,994 per gram on 19 & 20 June.
- Prices rose marginally as the week progressed, trading at Rs.2,999 per gram on 21 June following increased demand from Asia.
- Gold rose to Rs.3,001 per gram as the month ended on 30 June but recorded an overall decline in price by 0.62%.
Gold Rate Trend in Patna for January 2017 to March 2017 (per gram of 24 karat gold)
| Factor | January | February | March |
| 1st day | Rs.2,843 per gram | Rs.2,989 per gram | Rs.3,030 per gram |
| Last day | Rs.2,989 per gram | Rs.3,008 per gram | Rs.2,987 per gram |
| Highest price | Rs.3,014 per gram on 24th January | Rs.3,010 on 21st and 22nd February | Rs.3,030 per gram n 1st and 27th March |
| Lowest price | Rs.2,838 per gram on 2nd January | Rs.2,977 on 2nd February | Rs.2,945 on 15th March |
| Trend | Incline | Incline | Decline |
| Change | 5.02% | 0.63% | -1.41% |
Gold Price Trend in Patna for January 2017:
- Bihar’s capital Patna saw one of the highest increases in gold prices for the month of January.
- On 1st, gold was trading at Rs.2,843 per gram but went down to Rs.2,838 per gram on 2nd due to a brief fall in demand.
- Rates seen on the 2nd seemed to be an anomaly as bullion trading picked up to not fall till the end of the month.
- By the end of 9th, gold prices in Patna had gone up to Rs.2,885 per gram and kept increasing as they went to Rs.2,910 per gram on 10th and then to Rs.2,926 per gram on 11th.
- All the positive growth in bullion prices could be attributed to the availability of more cash in the system, which had become a hassle over the last quarter of 2016.
- Gold rates showed no signs of letting off as they had gone up to Rs.2,977 per gram by 20th and then to Rs.3,010 per gram on 23rd.
- Despite some fluctuations over the last week, gold prices ended strongly at Rs.2,989 per gram on 31st.
- The month saw gold prices incline at the rate of 5.02% owing to a massive upsurge in demand.
Gold PriceTrend in Patna for February 2017:
- Despite being on the positive side, gold prices in Patna took a massive hit during the month of February.
- On 1st February, gold was trading at Rs.2,989 per gram, which fell to Rs.2,980 per gram due to a fall in domestic demand.
- While rates seemed to increase in almost every other city, Patna saw its fortunes turned as bullion market was crashing.
- After trading at Rs.2,980 per gram till the 12th, gold prices went up to Rs.2,991 per gram on 13th and continued at the same price till the 19th.
- On 20th, prices increased to Rs.3,010 per gram – which also happened to be the highest gold rate for the entire month.
- By the end of the month, gold prices had fallen slightly to end at Rs.3,008 per gram.
- Price trends changed by 0.63% for the month of February.
Gold Price Trend in Patna for March 2017:
- Like all the other cities in the country, gold prices took a hit in the month of March.
- The fall in gold prices was due to the US Federal Reserve increasing its interest rate, which subsequently increased the dollar value.
- On 1st, gold was trading at Rs.3,030 per gram but as demand went down, gold prices went down to Rs.2,997 per gram by the 9th
- Bullion rates kept falling as they went from Rs.2,980 per gram on 10th to Rs.2,978 per gram on 20th as fluctuations increased.
- Prices seemed to pick up and fall over the last ten days as demand fluctuated considerably.
- The month ended with gold trading at Rs.2,987 per gram, marking a negative price trend of -1.41%.
Details of Gold Price in Patna (22 Karat & 24 Karat) – Till August 2015
Gold Price in Patna have been more or less stable after the massive decline in March 2015 and another drop in July 2015. The overall rates of gold in Patna have dropped by Rs. 1200 per 10 grams as compared to July 2015.
22 Karat (10 grams) – The lower purity of the precious metal has a rate of Rs. 23,680 for ten grams in August 2015. The price has dropped and risen consistently over the past few days albeit in units ranging from as low as Rs. 40 to as high as Rs. 220. That is still a reasonably stable level of fluctuation. The same can be attributed to the fact that the 22 Karat gold is a relatively impure quality of gold and despite the global trend of falling prices of gold, people are still interested in buying gold for the upcoming line of festivities, Teej being the first in the queue.
24 Karat (10 grams) – The elder and purer sibling of commercially available gold has a current rate of Rs. 25,280, which has shot up by Rs. 190 from just Rs. 25,090 on 7th August, 2015. That was the lowest rate 24 Karat gold has encountered in August 2015 till now. Upcoming festivals and a fast approaching Teej could be the calling card for the recent surge in rates, nevertheless it’s still a lower rate compared to the one in July 2015.
