Gold Rate in Jalgaon
Gold jewellers in Jalgaon are highly sought after for their skill, and people from all over the country prefer purchasing gold from the generations-old jewellers and jewellery shops in Jalgaon, despite the slightly higher prices.
24 karat gold: The most pure form of gold that can be physically traded is 24 karat gold of 99.9% purity. Since completely pure gold of this karat rating is usually brittle and soft, it isn’t preferred by jewellers for their craft. This type of gold is usually traded as bullion or coins, and held as investments to gain value over time. It is the most valuable form of gold that can be commercially traded on a large scale.
22 karat gold: This is the most valuable gold that’s used for making jewellery, etc. This grade of gold has a lower purity rating, as it is purposefully mixed with other metals and “impurities” to increase its strength and make it useful for crafting jewellery, etc. Goldsmiths and jewellers, etc. use 22 karat, 18 karat and 14 karat gold for making jewellery, but 22 karat is the highest in value among these and the most beautiful to behold in the form of ornate jewellery.
Gold Rate Trend in Jalgaon for January 2018 to March 2018 (per gram of 24 karat gold)
| Factor | January | February | March |
| 1st day | Rs.3,093 per gram | Rs.3,128 per gram | Rs.3,147 per gram |
| Last day | Rs.3,121 per gram | Rs.3,147 per gram | Rs.3,148 per gram |
| Highest price | Rs.3,164 per gram on 25 January | Rs.3,148 per gram from 3 to 5, and from 17 to 22 February | Rs.3,148 per gram on 8, 9 and from 24 to 31 March |
| Lowest price | Rs.3,080 per gram from 4 to 8 January | Rs.3,091 per gram from 9 to 11 February | Rs.3,123 per gram from 17 to 23 March |
| Trend | Incline | Incline | Incline |
| Change | 0.90% | 0.60% | 0.03% |
Gold Rate Trend in Jalgaon for October 2017 to December 2017 (per gram of 24 karat gold)
| Factor | October | November | December |
| 1st day | Rs.3,127 per gram | Rs.3,070 per gram | Rs.3,074 per gram |
| Last day | Rs.3,088 per gram | Rs.3,081 per gram | Rs.3,093 per gram |
| Highest price | Rs.3,135 per gram from 12 to 17 October | Rs.3,115 per gram on 19 and 20 November | Rs.3,094 per gram from 2 to 4 December |
| Lowest price | Rs.3,002 per gram from 23 to 26 October | Rs.3,061 per gram on 6th November | Rs.2,988 per gram on 12 and 13 December |
| Trend | Decline | Incline | Incline |
| Change | -1.24% | 0.35% | 0.61% |
Gold Rate Trend in Jalgaon for October 2017:
- The price of gold in Jalgaon was recorded at Rs.3,127 per gram as October began, with prices suffering a sharp drop due to unfavourable market conditions.
- Local demand was also poor due to international cues, with both retail as well as industrial demand hit.
- Prices picked up towards the middle of the month, with the yellow metal trading at Rs.3,135 per gram on 12 October following a sudden drop in the dollar value.
- Unstable markets and a declining dollar resulted in an increase in demand for gold across the world, as local demand also rose.
- The festive season led to increased demand from local jewellers, which helped keep gold prices steady for a while.
- Declining demand from Europe and a stabilization of the markets led to the gold price in Jalgaon falling marginally as the month progressed.
- Gold ended the month trading at Rs.3,088 per gram on 31st October, as local as well as industrial demand dropped sharply.
Gold Rate Trend in Jalgaon for November 2017:
- Demand for gold in Jalgaon in November started off strongly, with the metal priced at Rs.3,070 per gram on strong local demand.
- The wedding season led to a sharp increase in local demand, which kept prices steady in spite of poor international trends.
- The rising dollar also led to increased interest in gold, as investors sought to cut their losses in the equity markets.
- Gold price in Jalgaon rose to their monthly highs towards the middle of the month, with gold trading at Rs.3,155 per gram on 19th and 20th November.
- However, a stabilization in the markets led to lowered demand for the precious metal and consequently led to a drop in the price.
- Gold prices continued to drop as the month drew to a close, with the yellow metal trading at Rs.3,081 per gram on 30th November.
- In spite of a late decline in price, gold price in Jalgaon rose by an average of 0.35% over the course of the month.
Gold Rate Trend in Jalgaon for December 2017:
- Gold prices showed slight improvement as December began, with the precious metal trading at Rs.3,074 per gram.
- Prices rose sharply as the dollar suffered surprise reverses, with gold trading at Rs.3,094 per gram on 4th December.
- A correction in price due to declining demand followed, though steady demand from local jewellers kept prices from fluctuating too wildly.
- A change in the U.S. tax laws led to sharp upsurges in the equity markets which led to gold price in Jalgaon falling significantly.
- Prices continued to fluctuate for the rest of the month as the yellow metal made slight gains only to suffer sharp losses.
- Prices stabilised as the month drew to an end, trading at Rs.3,088 per gram on 31st December.
