May 8
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Gold Rate in Kolhapur
Gold is available in different types in Kolhapur. Therefore, gold rate in Kolhapur varies from product-to-product of the yellow metal. In general, the gold bullion rates are the lowest in the city, while jewellery, ornaments and coins tend to cost more due to the workmanship done on them. Gold rate in Kolhapur is dynamic and follows the general trend of the state of Maharashtra.
Gold Rate Trend in Kolhapur 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.3,162 per gram on 17 & 18 January | Rs.3,148 per gram from 3-5, 7 and from 17-22 February | Rs.3,148 per gram on 8 & 9 and from 24-31 March |
| Lowest price | Rs.2,080 per gram from 4-8 January | Rs.3,091 per gram from 9-11 February | Rs.3,123 per gram from 17-23 March |
| Trend | Incline | Incline | Incline |
| Change | 0.90% | 0.60% | 0.03% |
Gold Rate Trend in Kolhapur 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 Kolhapur for October 2017:
- The month began in Kolhapur with the precious metal trading at Rs.3,127 per gram on the 1st of October amid the rising US dollar index.
- The strengthening US dollar coupled with rising equities led to gold rates declining considerably during the month.
- The 4th saw the yellow metal prices in Kolhapur plunging to Rs.3,104 per gram with local demand declining amid the poor trends overseas.
- However, with the US dollar losing against other apex currencies following concerns Donald Trump’s administration, gold rate in Kolhapur rebounded to Rs.3,119 per gram on the 9th.
- Prices continued due to an increasing demand from local jewellers and retailers ahead of the festive season. Gold was recorded trading at Rs.3,135 per gram – the highest recorded monthly figure – on the 12th.
- However, with the festive demand wearing off, gold prices began declining over the next few days. On the 23rd, the yellow metal was priced at Rs.3,002 per gram amid the poor trends.
- The month came to an end with gold rates holding at Rs.3,088 per gram on the 31st with domestic demand picking up amid the weakened US dollar and equities.
- Gold prices in Kolhapur registered a decline of 1.24% during the month.
Gold Rate Trend in Kolhapur for November 2017:
- Trading opened in Kolhapur with the bullion priced relatively lower at Rs.3,070 per gram on the 1st with a decline in demand from the previous week.
- With the US dollar rising amid possibilities of an interest rate hike by the US Federal Reserve during the quarter, gold rate in Kolhapur dropped to Rs.3,061 per gram on the 6th. This was also the lowest recorded figure for the month.
- The dollar, however, lost its sheen over the next few days and gold prices surged to Rs.3,115 per gram – the highest recorded monthly figure on the 19th.
- Steady demand coupled with firm trends overseas led to bullion prices remaining untouched at Rs.3,115 per gram the next day too.
- With investors cautious after Donald Trump’s new landmark tax reform plan was produced in the US Senate, gold rates fluctuated for much of the week.
- When the month concluded, the yellow metal was recorded trading at Rs.3,081 per gram on the 30th amid firm overseas trends.
- Kolhapur recorded an incline of 0.35% in bullion prices during the course of the month.
Gold Rate Trend in Kolhapur for December 2017:
- The final month commenced with the precious metal priced at Rs.3,074 per gram on the 1st of December amid strong global trends.
- The next day witnessed gold price in Kolhapur surging to Rs.3,094 per gram – the highest recorded monthly figure – after the US dollar index lost against a basket of other emerging currencies in the global market.
- Steady domestic demand from local jewellers, retailers and industries amid the firm trends overseas resulted in gold prices remaining untouched at Rs.3,094 per gram until the 4th.
- With the dollar strengthening ahead of the US Fed Reserve’s monetary policy meeting, bullion rates plunged to Rs.2,988 per gram on the 12th.
- However, the Fed rate hike proved to receive negative investor sentiments in the market. This led to gold rates rising towards the end of the month.
- The month came to an end with the precious metal trading at Rs.3,093 per gram on the 31st amid the weakened US dollar and poor-performing equities.
- The bullion trade in Kolhapur registered a profit of 0.92% owing to positive overseas trends that pushed demand higher for the metal during the month.
