May 12
0
Gold Rate In Dehradun
Dehradun located in Dehradun is located in the foothills of the Himalayas and holds the same cultural ideals as the rest of the state. It is a well developed town with many and eccentrically showy weddings and festivities especially when it’s the Diwali and the Dhantera seasons. The city is home to many Garhwali and Pahari people who strongly find gold an extremely holistic approach in terms of creating wealth as well as being auspicious for special occasions.
The trend of Gold Rate in Dehradun for March 2018 (rates per gram for 24 karat gold)
| Parameters | Gold price (24 karat) |
| Gold Rate on 1st March | Rs.3,113 per gram |
| Gold Rate on 31st March | Rs.3,134 per gram |
| Highest Rate in March | Rs.3,171 per gram on 25 & 26 March |
| Lowest Rate in March | Rs.3,098 per gram on 19 & 20 March |
| Overall Monthly Performance | Incline |
| Percentage Change | 0.67% |
Trend of Gold Rate in Dehradun for February 2018 (rates per gram for 24 karat gold)
| Parameters | Gold price (24 karat) |
| Gold Rate on 1st February 2018 | Rs.3,077 per gram |
| Gold Rate on 28th February 2018 | Rs.3,129 per gram |
| Highest Rate in February | Rs.3,161 per gram on 18 & 19 February |
| Lowest Rate in February | Rs.3,035 per gram on 9 February |
| Overall Monthly Performance | Incline |
| Percentage Change | 1.68% |
February 2018- Week 1 (1-4):
- Gold prices in Dehradun were steady as the week began before a steep rise in price was observed.
- The precious metal opened the month trading at Rs.3,077 per gram on stable demand from local jewellers and industrial units.
- Prices remained unchanged for the rest of the week as international demand was also muted, though steady demand kept prices from falling.
February 2018- Week 2 (5-11):
- Prices fluctuated in the second week of February as conflicting cues from the market as well as an unstable U.S. Dollar took its toll on the metal.
- Gold was priced at Rs.3,082 per gram on 5 February before a rally by equity markets saw interest in gold slide.
- Prices dropped to Rs.3,066 per gram on 6 February and remained unchanged for a few days due to stagnant demand.
- A firming dollar led to a further drop in price, with gold falling to Rs.3,035 per gram on 9 February as positive non-farm data buoyed markets.
- Prices rose as the week ended, with gold trading at Rs.3,056 per gram on 11 February.
February 2018- Week 3 (12-18):
- Market uncertainty coupled with waning investor confidence in the dollar resulted in gold prices rising significantly over the course of the week.
- Gold was priced at Rs.3,056 per gram on 12 February before prices rose to Rs.3,098 per gram on 14 February due to higher retail demand.
- The declining dollar rate encouraged an increase in orders from industry, as international demand also rose.
- The yellow metal was priced at Rs.3,140 per gram on 16 February as investor interest in gold rose to offset price pressures due to higher inflation data.
- The week ended as gold reached its highest rate for the month, trading at Rs.3,161 per gram on 18 February.
February 218- Week 4 (19-25):
- A recovery by the dollar and bull run by stock markets saw gold prices plunge on poor demand throughout the week.
- Gold was priced at Rs.3,161 per gram on 19 February but fell y Rs.10 to trade at Rs.3,150 per gram on 20 February.
- Retail demand fell as the wedding season drew to a close, with jewellers also reducing orders due to declining sales.
- Gold fell to Rs.3,119 per gram on 23 February as industrial demand also reduced due to high import costs associated with a strong dollar.
- Prices recovered marginally as the week ended with gold priced at Rs.3,124 per gram on 25 February.
February 2018- Week 5 (26-28):
- Prices fluctuated in the last week in Dehradun, with gold opening the week priced at Rs.3,124 per gram.
- The precious metal’s price rose to Rs.3,134 per gram on 25 February on strong local demand.
- Prices dipped slightly due to international cues as gold closed the month trading at Rs.3,129 per gram on 28 February.
- The steady fall in price in the last week affected gold’s overall value, which rose by 1.68% during the month.
Trend of Gold Rate in Dehradun for January 2018 (rates per gram for 24 karat gold)
| Parameters | Gold price (24 karat) |
| Gold Rate on 1st January 2018 | Rs.3,010 per gram |
| Gold Rate on 31st January 2018 | Rs.3,066 per gram |
| Highest Rate in January | Rs.3,120 per gram on 24 and 25 January |
| Lowest Rate in January | Rs.3,010 per gram on 1, 2 and 3 January |
| Overall Monthly Performance | Incline |
| Percentage Change | 1.19% |
January 2018 – Week 1 (1st to 7th):
- Trading began in Dehradun with the precious metal trading at Rs.3,010 per gram on the 1st of January.
- Steady domestic demand coupled with firm trends overseas resulted in gold prices holding at Rs.3,010 per gram until the 3rd.
- The 4th witnessed gold rate in Dehradun surging to Rs.3,045 per gram which plunged to Rs.3,030 per gram the next day with the US dollar strengthening against a basket of other major currencies ahead of the US employment data.
- However, with the US job data failing to meet market expectations, the US dollar lost its ground. This led to gold price in Dehradun rebounding to Rs.3,045 per gram on the 6th.
- Positive trends overseas coupled with steady domestic demand from local jewellers, retailers and industries led to gold being priced at Rs.3,050 per gram on the 7th.
January 2018 – Week 2 (8th to 14th):
- The week opened with gold rates holding steady at Rs.3,050 per gram on the 8th with stable demand amid the weakened US dollar and equities.
- However, with the US dollar index gaining against other apex currencies in the global trade, gold price in Dehradun plunged to Rs.3,045 per gram on the 9th.
- Gold rate in Dehradun surged again to Rs.3,051 per gram on the 10th after the US dollar lost its sheen hitting record lows over the next few days.
- The precious metal prices plunged to Rs.3,041 per gram on the 11th before rebounding to Rs.3,061 per gram the following day with gold touching near seven-week highs in the bullion trade.
- Strong global trends brought by the weakened US dollar and poorly-performing equities resulted in gold prices rising to Rs.3,078 per gram on the 13th.
- When the week concluded, the bullion prices were recorded holding at Rs.3,099 per gram on the 14th owing to an increased demand from local retailers, jewellers and industries amid the positive trends overseas.
January 2018 – Week 3 (15th to 21st):
- When trading commenced for the third week, the yellow metal was recorded trading at Rs.3,099 per gram on the 15th with steady domestic demand from the previous week.
- Prices remained unchanged at Rs.3,099 per gram the next day which surged further to Rs.3,115 per gram on the 17th due to an incline in demand for the bullion amid the weakening US dollar.
- Demand, however, began with the US greenback recovering from the previous rally of losses, gold price in Dehradun dropped slightly to Rs.3,095 per gram on the 18th.
- Rates remained unaltered at Rs.3,095 per gram the next couple of days with steady demand from local jeweller and retailers.
- The gold rate in Dehradun rebounded to Rs.3,115 per gram on the 21st after the US dollar lost its ground with markets speculating over the possible US government shutdown concerns.
January 2018 – Week 4 (22nd to 28th):
- Trading opened in Dehradun with the precious metal prices holding at Rs.3,115 per gram on the 22nd with strong domestic demand amid the firm trends overseas.
- Prices plunged slightly to Rs.3,110 per gram on the 23rd before surging to Rs.3,120 per gram on the 24th with the US dollar index gaining against a basket of other major emerging currencies in the global markets.
- The 25th saw gold rate in Dehradun remaining unchanged at Rs.3,120 per gram with the metal hitting near 16-month highs in the bullion trade.
- However, the rest of the week saw gold price in Dehradun dropping due to a decline in global demand brought about by the recovering US dollar index.
- The week concluded with the yellow metal being priced at Rs.3,077 per gram on the 28th with poor domestic demand from industries and jewellers.
January 2018 – Week 5 (29th to 31st):
- The final week opened with the bullion trading at Rs.3,077 per gram on the 29th with steady demand for the metal amid firm trends overseas.
- Gold price in Dehradun dropped to Rs.3,066 per gram the next day with the US dollar index regaining lost ground from the previous weeks’ losses.
- The month ended with the bullion trading at Rs.3,066 per gram on the 31st owing to a subdued but steady demand amid the poor trends overseas.
- Dehradun recorded an incline of 1.86% in gold trade owing to the strong domestic demand brought about by positive trends overseas.
