Apr 26
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Gold Rate In Kanpur
Kanpur is a city in the state of Uttar Pradesh and is considered to be one of the largest cities in that state. The city is an industrial hub and boasts of many textile manufacturing units. Other industrial establishment that also find a home in the city include industries like leather production, plastics, detergents, food processing, etc. Gold jewellery is one of the major productions in the city and it is also quite well known for the typical style of the jewellery that is produced here.
Gold Rate Trend in Kanpur 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 & 25 January | Rs.3,161 per gram on 18 & 19 February | Rs.3,171 per gram on 25 & 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 Kanpur 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 from 12 to 16 October | Rs.3,060 per gram from 18 to 20 November | Rs.3,036 per gram from 2 to 4 December |
| Lowest price | Rs.3,026 per gram on 27, 30 and 31 October | Rs.3,006 per gram on 1 November | Rs.2,910 per gram on 11 to 13 December |
| Trend | Decline | Incline | Incline |
| Change | -1.20% | 0.66% | 0.13% |
Gold Rate Trend in Kanpur for December 2017:
- The final month of the quarter began with the yellow metal trading at Rs.3,016 per gram on the 1st amid poor trends overseas.
- With the US tax reform bill hitting a roadblock in the US Senate, the dollar lost its sheen. This led to gold rates hitting their highest recorded monthly figure of Rs.3,036 per gram until the 4th.
- Gold rate in Kanpur plunged to Rs.2,910 per gram on the 11th after the US dollar index gained against other apex currencies following the approval of the Republican tax reform bill in the US Senate.
- However, the Federal Reserve’s decision to raise their benchmark interest proved to have a negative impact on the markets with equities declining over the next few days. This led to an increase in safe-haven demand for the metal.
- When trading concluded for the month, the bullion prices were recorded holding at Rs.3,020 per gram on the 31st amid strong global cues.
- Gold trade in Kanpur witnessed an incline of 0.13% in gold prices during the month due to the strong overseas trends that pushed demand higher for the yellow metal.
