Apr 25
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Gold Rate In Guwahati
Guwahati, the largest city and fastest growing city of Assam has a strong bond with gold dating back to centuries. This city becomes a hub for gold lovers during festivals like Danteras and Diwali, attracting people from nearby towns and states. Gold rates in Guwahati are a reflection of international gold rates, with prices varying according to the politico-economic scenario in the country.
Trend of Gold Rate in Guwahati for March 2018 (rates per gram for 24 karat gold)
| Parameters | Gold price (24 karat) |
| Gold Rate on 1st March | Rs.3,143 per gram |
| Gold Rate on 31st March | Rs.3,159 per gram |
| Highest Rate in March | Rs.3,198 per gram on 25 & 26 March |
| Lowest Rate in March | Rs.3,117 per gram on 20 March |
| Overall Monthly Performance | Incline |
| Percentage Change | 0.50% |
March 2018- Week 1 (1st-4th):
- Gold prices in Guwahati were stable in the first week of March, trading at Rs.3,143 per gram when trading opened on 1 March.
- Demand was steady and there was no change in price for most of the short week.
- International demand also saw little in the way of fluctuation in prices, which helped keep local prices stable.
- A jump was seen as the week ended, with gold trading at Rs.3,163 per gram on 4 March.
March 2018- Week 2 (5th-11th):
- There was some fluctuation in the price of gold in the second week, as market forces and international demand influenced local prices and demand.
- Gold was priced at Rs.3,163 per gram on 5 March but prices fell due to a slackening of demand from jewellers as the wedding season came to an end.
- Prices fell to Rs.3,153 per gram on 7 March as local demand dropped on steady stock market performance before rising to Rs.3,170 per gram on 8 March due to demand vagaries.
- Industrial demand was strong overseas but did not impact local prices much, which led to gold falling to Rs.3,143 per gram on 10 March in spite of robust trade in the commodity across the world, especially in Asian countries.
- A marginal rise in price was seen as the week drew to a close with the yellow metal trading at Rs.3,149 per gram on 11 March.
March 2018- Week 3 (12th-18th):
- There was a steady decline in gold prices as stock markets rose and the U.S. Dollar strengthened over the course of the week.
- The precious metal began the week trading at Rs.3,149 per gram on 12 March but soon fell to Rs.3,136 per gram on 14 March as local demand dropped on stagnant demand.
- International demand was also muted as the U.S. Dollar regained some of its lost value after positive unemployment data.
- Gold briefly rose to Rs.3,156 per gram on 15 March before prices once again plunged on declining orders from industry.
- The precious metal traded at Rs.3,132 per gram on 18 March as demand was low across domestic and international markets.
March 2018- Week 4 (19th-25th):
- Gold prices saw a steep rise towards the middle of the week as volatile geopolitical situations as well as a shake-up in the U.S. State Department led to markets plunging.
- The week opened with gold priced at Rs.3,132 per gram on 19 March, with prices rising to Rs.3,140 per gram on 21 March as U.S. stocks tried to recover from the surprise sacking of the U.S. Secretary of State.
- Prices rose to Rs.3,162 per gram on 23 March as the dollar fell on market uncertainty over the Fed’s meeting and the possibility of economic tightening policies.
- Gold surged as the week ended, with the yellow metal trading at Rs.3,198 per gram on 25 March.
March 2018- Week 5 (26th-31st):
- The price of gold was steady towards the start of the week before a sharp drop in demand saw prices plunge later.
- Gold opened the week trading at Rs.3,198 per gram on 26 March as investor sentiment favoured safe-haven assets after a period of market turbulence.
- There was a gradual drop in price over the course of the week, with gold prices falling as industrial demand dropped.
- The yellow metal fell to Rs.3,192 per gram on 28 March before falling to Rs.3,179 per gram on 29 March as retail demand stagnated.
- Demand from jewellers was also poor, as gold fell further to Rs.3,159 per gram on 31 March.
Trend of Gold Rate in Guwahati for February 2018 (rates per gram for 24 karat gold)
| Parameters | Gold price (24 karat) |
| Gold Rate on 1st February 2018 | Rs.3,146 per gram |
| Gold Rate on 28th February 2018 | Rs.3,163 per gram |
| Highest Rate in February | Rs.3,191 per gram on 18 & 19 February |
| Lowest Rate in February | Rs.3,105 per gram on 11 & 12 February |
| Overall Monthly Performance | Incline |
| Percentage Change | 0.54% |
February 2018- Week 1 (1 – 4)
- Fluctuating prices were recorded in Guwahati in the first week of February as gold prices were subject to market vagaries.
- Gold opened the week at Rs.3,146 per gram before prices dipped on a slump in demand from jewellers.
- A steady U.S. Dollar led to a reduction in industrial demand both overseas as well as locally.
- Gold pice in Guwahati rose to Rs.3,166 per gram on 3 February on a late rally by the metal before prices slumped sharply to end the week trading at Rs.3,140 per gram on 4 February.
February 2018- Week 2 (5 – 11)
- The fluctuations in the price of gold continued into the second week as markets reeled from geopolitical issues that negatively impacted the bourses.
- Gold was priced at Rs.3,140 per gram on 5 February before prices dropped to Rs.3,126 per gram the following day as local demand fell.
- A recovery in price was seen on 7 February when gold rose to Rs.3,159 per gram following a dip in equity performance, though this was short-lived.
- Gold price in Guwahati fell to Rs.3,108 per gram on 9 February as local demand stagnated due to prohibitively high import rates owing to a high dollar rate.
- Gold rate in Guwahati dropped to their lowest of the month as the week ended, with gold priced at Rs.3,105 per gram on 11 February.
February 2018- Week 3 (12 – 18)
- There was a further decline in the price of gold before a late rally boosted prices as industrial demand was low due to the high cost of import and a bull run by stock markets.
- Gold opened the week trading at Rs.3,105 per gram on poor demand from retail and industrial units.
- Valentines Day led to an increase in sales as gold rate in Guwahati surged to Rs.3,128 per gram on 14 February.
- A steady rise in gold price in Guwahati as attributed to a mid-week market slump as gold prices rose to Rs.3,173 per gram on 16 February.
- A declining dollar rate and uncertain stock markets led investors to bullion as a hedge against equity losses, as gold ended the week priced at Rs.3,191 per gram.
February 2018- Week 4 (19 – 25)
- As industrial demand kept pace in the fourth week, gold price in Guwahati were steady as the week began, trading at Rs.3,191 per gram on 19 February.
- A slight dip in price due to fluctuations in local demand led to prices dropping to Rs.3,168 per gram on 21 February.
- Recoveries by equity markets led to reduced interest in gold and resulted in prices dropping to Rs.3,154 per gram on 23 February.
- As investor confidence in markets rose, the dollar rate also rose against global currencies, making imports of gold more expensive.
- There was no change in price as the week ended on 25 February, with market resurgence and a rising dollar rate attributed to a drop in the price of gold.
February 2018- Week 5 (26 – 28)
- The last week of February saw minimal movement in the price of gold, with the metal opening the week at Rs.3,158 per gram on 26 February.
- Gold price in Guwahati briefly rose to Rs.3,170 per gram on 27 February as markets reacted to tensions between the United States and North Korea.
- A slight drop in price was recorded as the month drew to close, with gold priced at Rs.3,163 per gram on 28 February.
- In spite of a steady decline in price towards the end of the month, gold rate in Guwahati rose by 0.54% over the course of the month.
Trend of Gold Rate in Guwahati for January 2017 (rates per gram for 24 karat gold)
| Parameters | Gold price (24 karat) |
| Gold Rate on 1st January 2018 | Rs.3,090 per gram |
| Gold Rate on 31st January 2018 | Rs.3,127 per gram |
| Highest Rate in January | Rs.3,172 per gram on 25 January |
| Lowest Rate in January | Rs.3,088 per gram on 5 January |
| Overall Monthly Performance | Incline |
| Percentage Change | 1.19% |
January 2018 – Week 1 (1st to 7th):
- Gold was priced at Rs.3,090 per gram when the first week of January 2018 started. As demand was steady and as trends from the overseas markets was strong, gold prices remained at Rs.3,090 per gram on the 2nd.
- The US dollar weakened on the 3rd against other apex currencies, which caused gold rate in Guwahati to rise to Rs.3,099 per gram.
- This rose to Rs.3,103 per gram on the 4th as trends from the international market remained unchanged.
- However, prices fell to Rs.3,088 per gram the next day on the 5th as the market awaited US jobs data and gold demand took a back seat as a result of that.
- Rates rebounded to Rs.3,107 per gram on 6th January owing to an increased demand from local jewellers, retailers and industries.
- When the week ended, gold price in Guwahati had dropped to Rs.3,102 per gram as demand subsided.
January 2018 – Week 2 (8th to 14th):
- Gold price in Guwahati continued to hold at Rs.3,102 per gram when the second week began on the 8th.
- The next day, i.e., the 9th saw gold prices drop to Rs.3,101 per gram as demand slowed down while the green back gained in the index.
- Gold prices dropped to Rs.3,099 per gram on the 11th as the US dollar continued its steady growth pushing gold demand to a new low.
- The poor US dollar performance over the last few weeks led to gold rate in Guwahati rising to seven-week high figures. Gold traded at Rs.3,120 per gram on the 12th as a result of this.
- The yellow metal’s rates went up again on the 13th and the board read Rs.3,131 per gram at the time of closing.
- Gold prices went further up to Rs.3,146 per gram on the 14th as local demand was buoyed by strong trends overseas.
January 2018 – Week 3 (15th to 21st):
- When the third week began, gold price in Guwahati were still holding at Rs.3,146 per gram.
- The US dollar lost ground against other major currencies amid concerns over a possible US government shutdown, which pushed gold prices to Rs.3,157 per gram on the 16th.
- Strong global demand compounded by positive overseas trends led to the precious metal being priced at Rs.3,167 per gram on the 17th and the 18th.
- Prices plunged to Rs.3,147 per gram the next day before rising to Rs.3,149 per gram on the 20th after demand remained flat amid the steady dollar.
- On the 21st, gold rate in Guwahati were still holding at Rs.3,149 per gram as demand was steady.
January 2018 – Week 4 (22nd to 28th):
- When trading began in Guwahati, the yellow metal prices were recorded holding steady at Rs.3,149 per gram on the 22nd.
- Strong demand coupled amid the weakened US dollar index in the global market resulted in gold prices surging to Rs.3,161 per gram on the 23rd and continued trading at the same rate on the 24th amid the firm overseas trend.
- On the 25th, with the bullion touching their highest level in the past 16 months, gold rate in Guwahati rose to Rs.3,172 per gram amid strong global cues.
- However, with the greenback recovering from its previous rally of losses, demand for the precious metal dropped over the next few days.
- The week concluded with gold trading as low as Rs.3,132 per gram on the 28th amid the poor trends overseas.
January 2018 – Week 5 (29th to 31st):
- When the final week of trading began, gold price in Guwahati were recorded at Rs.3,132 per gram.
- On the 30th, prices remained unaltered – at Rs.3,132 per gram – but dropped by Rs.5 to Rs.3,127 per gram on the last day. This was because the US dollar strengthened ahead of the latest Fed Reserve meeting.
- A rise of 1.19% was recorded over the course of this year, which was made possible by a poor dollar and strong overseas cues.
