Since gold is not produced locally, Kota jewellers depend on imported gold. Fluctuations in te international gold market, therefore, affect the prices in the city. Gold of 99.9% purity – 24-karat gold – is generally purchased by jewellers and those investing in gold coins and bullions. Gold of 91.6% purity – 22-karat – is favoured by consumers buying jewellery. Pure gold is not suitable to make ornaments because of its lack of strength. The 22-karat gold is mixed with 2 parts of silver, copper, nickel or other metals to form a durable alloy with which to make ornaments and gold articles.
24-karat gold prices: The price of 10 grams of 24-karat gold in Kota was Rs. 29,760, up by just Rs. 260 from 10 days ago (March 2, 2016), when it was Rs. 29,500. Gold prices in Kota grew only around 0.87 percent in 10 days. The price of 24-karat gold in Delhi on March 11, on the other hand, was Rs. 30,374, which is Rs. 614 more than the rate in Kota.
22-karat gold prices: On March 11, 10 grams of 22-karat gold was selling at Rs. 27,820 in Kota, merely 1.02 percent higher than the Rs. 27,540 registered on March 2. The gold rate in Delhi on March 11 was Rs. 580 (2%) more that the price in Kota, at Rs. 28,400.
Gold Rate Trend in Kota for January 2018 to March 2018 (per gram of 24 karat gold)
| Factor | January | February | March |
| 1st day | Rs.3,086 per gram | Rs.3,138 per gram | Rs.3,159 per gram |
| Last day | Rs.3,120 per gram | Rs.3,159 per gram | Rs.3,149 per gram |
| Highest price | Rs.3,171 per gram on 25 January | Rs.3,175 per gram on 20 February | Rs.3,182 per gram from 27-30 March |
| Lowest price | Rs.3,082 per gram on 5 January | Rs.3,092 per gram on 9 & 10 February | Rs.3,109 per gram on 20 March |
| Trend | Incline | Incline | Decline |
| Change | 1.10% | 0.66% | -0.31% |
Gold Rate Trend in Kota for January 2018
- Demand for gold in Kota was on the rise for most of the month as political instability resulted in higher demand for safe-haven assets like bullion.
- Gold opened the month trading at Rs.3,085 per gram as local demand was slightly muted due to the import costs associated with a high U.S. Dollar.
- Jewellers increased demand as the month progressed as retail demand picked up, with gold prices on a steady increase.
- International cues also bolstered demand for the yellow metal, which traded at Rs.3,171 per gram on 25 January to record its highest price for the month.
- Prices plunged towards the end of the month as markets stabilised and the dollar rebounded, with gold priced at Rs.3,120 per gram on 31 January to record a rise in price of 1.10% during the month.
Gold Rate Trend in Kota for February 2018
- Gold prices in February fluctuated as conflicting cues and a drop in retail demand led to minimal rises in price.
- The precious metal was priced at Rs.3,138 per gram as the month began on positive market cues and strong demand from local jewellers.
- A minor drop in price was seen as the dollar gained on positive U.S. industrial data, which led to a drop in demand for the metal.
- Prices did not see much change as demand was mostly static, with the metal reaching its monthly high of Rs.3,175 per gram on 20 February after fresh fears of a worldwide trade war.
- As markets rose on positive cues, there was a drop in demand for bullion from investors, which led to a drop in the gold price to Rs.3,159 per gram on 28 February.
Gold Rate Trend in Kota for March 2018
- There was a decline in the price of gold in March due to a sharp drop in demand both locally as well as overseas.
- The yellow metal was priced at Rs.3,159 per gram on 1 March but prices fluctuated due to unstable demand.
- Orders from jewellers declined due to a drop in retail demand coupled with the high import cost associated with a rising U.S. Dollar.
- The middle of the month saw a drop in demand for gold as the dollar rate stabilised and local demand also fell on sluggish retail sales.
- Gold prices rose to Rs.3,182 per gram on 28 March as renewed tensions with North Korea led to investors rushing to invest in gold as a hedge against future losses.
- Prices dropped sharply as the month ended, with gold priced at Rs.3,149 per gram on 31 March.
- Gold prices fell by 0.31% over the course of the month due to sharp slides in demand.
Gold Rate Trend in Kota for October 2017 to December 2017 (per gram of 24 karat gold)
| Factor | October | November | December |
| 1st day | Rs.3,109 per gram | Rs.3,087 per gram | Rs.3,068 per gram |
| Last day | Rs.3,087 per gram | Rs.3,078 per gram | Rs.3,086 per gram |
| Highest price | Rs.3,133 per gram from 12 to 16 October | Rs.3,113 per gram on 20 and 21 November | Rs.3,086 per gram on 30 and 21 December |
| Lowest price | Rs.3,073 per gram on 27 and 28 October | Rs.3,057 per gram from 4 to 6 November | Rs.2,990 per gram on 14 December |
| Trend | Decline | Decline | Incline |
| Change | -0.70% | -0.29% | 0.58% |
Gold Rate Trend in Kota for October 2017:
- When trading commenced in Kota, the precious metal prices were recorded holding at Rs.3,109 per gram on the 1st of October.
- Gold rate in Kota plunged initially during the first week before rebounding towards the end of the month owing to strong global cues that pushed demand higher for the bullion.
- The 12th saw the yellow metal prices surging to Rs.3,133 per gram – the highest recorded monthly figure – due to an increase in demand from local jewellers, retailers and industries ahead of the festive season.
- However, with the US dollar index gaining against other apex currencies in the global market, gold prices began to decline towards the third week.
- Reduced domestic demand compounded by the poor trends overseas resulted in prices hitting their lowest recorded monthly figure of Rs.3,073 per gram on the 27th.
- The month concluded in Kota with the bullion trading at Rs.3,087 per gram on the 31st registering a loss of 0.70% due to the poor global cues that pushed demand lower during the course of the month.
Gold rate trend in Kota for November 2017:
- The month began with the bullion priced at Rs.3,087 per gram on the 1st amid poor trends overseas.
- With the US dollar index gaining against a basket of other apex currencies, the greenback dependant metal prices as the week progressed.
- The 4th saw gold rate in Kota hitting their lowest monthly figure of Rs.3,057 per gram amid the strengthened US dollar and firmer equities.
- The dollar, however, lost its ground amid concerns over Trump administration in the United States. This led to gold rates rebounding from the third week of the month.
- On the 20th, the precious metal was recorded trading at Rs.3,113 per gram owing to an incline in domestic demand from local jewellers, retailers and industries amid the firm trend overseas. This was also the highest recorded monthly figure in Kota.
- Strong global cues coupled with an increased local demand ahead of the wedding season resulted in gold prices closing at Rs.3,078 per gram on the last day.
- Kota witnessed the bullion trade drop by 0.29% during the course of the month.
Gold rate trend in Kota for December 2017:
- The final month of the quarter opened with gold initially trading at Rs.3,068 per gram on the 1st amid the strengthening US dollar and equities.
- Prices remained on the lower side for the first two weeks due to the approval of Trump’s landmark US tax reform bill that received positive sentiments from world markets.
- The 14th saw gold prices hitting their lowest monthly figure of Rs.2,990 per gram with the US dollar strengthening ahead of the US Federal Reserve’s monetary policy meeting.
- However, demand for the metal surged in the next few days after investors concentrated on the bullion to hedge against the Fed rate hike.
- When the month came to an end, the precious metal was recorded trading at Rs.3,086 per gram on the 31st owing to strong domestic demand amid the firm trend overseas.
- The bullion trade in Kota registered an incline of 0.58% in gold prices during the course of the month.