Agra is a major tourist destination it has 3 UNESCO World Heritage Sites. The Mughals ruled the area for the longest time. Which is why there was a huge demand for gold and this explains the presence of so many jewellers. The demand for gold increases during the festivals and wedding season. The gold rate in Agra is based on the international gold rate.
Gold Rate in Agra
Gold rate per unit in Agra is determined based on the gold purity. Buyers can purchase either 24 karat, 22 karat, 18 karat or 14 karat gold. 14 karat gold is cheaper and 24 karat gold is costly. Gold rate in Agra changes in accordance to the international gold rate. The gold rate in Agra in the year 2015 fell considerably, but the rates started climbing in January, 2016.
24 karat gold:
24 karat gold is the purest form of gold as it includes 99.95% of gold mass. 24 karat gold is a very soft metal hence it cannot be used to make jewellery or other ornaments. The gold rate for 24 karat gold in Agra is Rs.29,800 per 10 grams as on 14th March, 2016.
22 karat gold:
22 karat gold is the highest quality gold as it has 91.6% of gold mass. It has a shiny yellow coat and is used to mostly to make jewellery and ornaments. The brightness of the 22 karat gold depends on the metal with which it is alloyed.
Jewellers prefer alloying 22 karat gold with silver. It is the common form of retail gold jewellery. It is worn off easily, so special care must be taken. The gold rate for 22 karat gold in Agra is Rs.27,830 per 10 grams as on 14th March, 2016.
18 karat gold:
18 karat gold includes 75% of the gold mass making it the popular karat for jewellery. It also provides sufficient strength to hold the gemstones, diamonds and emeralds in place. Pink and rose gold are also 18 karat gold.
14 karat gold:
14 karat gold includes 58.3% of gold mass and it is the cheapest type of gold jewellery. When 14 karat gold is alloyed with copper, you get a dull bronze color. You get white gold when you alloy 14 karat gold with silver or nickel.
Gold Rate Trend in Agra for January 2018 to March 2018 (per gram of 24 karat gold)
| Factor | January | February | March |
| 1st day | Rs.3,010 per gram | Rs.3,077 per gram | Rs.3,113 per gram |
| Last day | Rs.3,066 per gram | Rs.3,129 per gram | Rs.3,134 per gram |
| Highest price | Rs.3,120 per gram on 24 and 25 January | Rs.3,161 per gram on 18 and 19 February | Rs.3,171 per gram on 25 and 26 March |
| Lowest price | Rs.3,010 per gram from 1-3 January | Rs.3,035 per gram on 9 February | Rs.3,098 per gram on 19 & 20 March |
| Trend | Incline | Incline | Incline |
| Change | 1.19% | 1.68% | 0.67% |
Gold Rate Trend in Agra for October 2017 to December 2017 (per gram of 24 karat gold)
| Factor | October | November | December |
| 1st day | Rs.3,063 per gram | Rs.3,006 per gram | Rs.3,016 per gram |
| Last day | Rs.3,026 per gram | Rs.3,026 per gram | Rs.3,020 per gram |
| Highest price | Rs.3,072 per gram on 12, 13, 14 and 15 October | Rs.3,060 per gram on 18, 19 and 20 November | Rs.3,036 per gram on 2, 3 and 4 December |
| Lowest price | Rs.3,028 per gram on 28 October | Rs.3,005 per gram on 06 November 2017 | Rs.2,940 per gram on 11,12 and 13 December |
| Trend | Decline | Incline | Incline |
| Change | 1.20% | 0.66% | 0.13% |
Gold Rate Trend in Agra for October 2017:
- When trading commenced for the month of October, gold was priced at Rs.3,063 per gram. This dropped to Rs.3,043 per gram by the 3rd as a possible interest rate by the Fed Reserve kept gold demand on the low.
- Gold price in Agra dropped considerably by the 6th for the metal to trade at Rs.3,028 per gram as US dollar seemed to flourish.
- However, prices seemed to increase during the second week because of an increased trend in the overseas market. This led to an increase in the local market as well and the metal traded at a monthly high figure of Rs.3,072 per gram from the 12th to 17th of the month.
- As the month continued, gold rate in Agra weakened amid poor local sales spurred a weak overseas trend.
- Gold recorded its lowest rate on the 27th, 28th and the 31st of the month – Rs.3,026 per gram – when the week came to an end.
- The yellow metal’s price declined by 1.20% this month due to lower-than-expected festive season demand.
Gold Rate Trend in Agra for November 2017:
- Gold prices had dropped further when trading began for November and the metal was priced at Rs.3,006 per gram.
- As demand weakened amid poor cues, gold rate in Agra dropped to a monthly low figure of Rs.3,005 per gram on the 6th of November.
- With investors speculating over the fate of the US monetary policy, gold prices seemed to increase. The 18th saw gold trade at its highest rate of Rs.3,060 per gram, which continued on till the 20th of the month.
- The next 10 days saw gold price in Agra consolidate as demand began to wear off while the US dollar made a comeback.
- On the final day of the month, gold was seen trading at Rs.3,026 per gram – a 0.66% incline from the month’s first day’s rates.
Gold Rate Trend in Agra for December 2017:
- Gold rate in Agra were recorded at Rs.3,016 per gram when trade exchanges opened for business on the first day of December.
- Tensions in the US amid Donald Trump’s latest tax laws caused upheaval in the market and gold prices rose consequently.
- From the 2nd to the 4th, gold traded at a monthly high figure of Rs.3,036 per gram as domestic investors took advantage of the increased demand.
- However, the market came to terms with the inevitability of the new tax structure – and with the corporate world responding better – the US dollar mounted a comeback.
- The rising dollar pushed gold on the backburner and the metal traded at Rs.2,940 per gram – the month’s lowest – from the 11th to the 13rd of December.
- The remaining days of the month saw gold rate in Agra improve as other concerns in the US seemed to weaken the dollar.
- On the final day of Q4 and 2017, gold was seen trading at Rs.3,020 per gram – a marginal Rs.4 incline from the months beginning price.