Ludhiana is one of the major cities in Punjab. Therefore, gold rates in Ludhiana depend on the gold rates persisting in the state of Punjab and closely follows the trend of rates elsewhere in the country. Gold rates in Ludhiana are dynamic and fluctuate every day. Gold is a popular commodity as well as form of investment for the residents of Ludhiana, who invest in gold as a form of hedging against inflation. Gold rates in Ludhiana have been declining this year following the trend of gold prices in the rest of the country.
Trend of Gold Rate in Ludhiana for April 2018 (rates per gram for 24 karat gold)
April 2018- Week 1 (1st-7th)
- Ludhiana’s gold rates saw the metal’s fortunes fluctuate a fair bit over the course of the first week of April.
- The week began with the yellow metal trading at Rs.3,140 per gram on consistent demand from local jewellers.
- Gold price in Ludhiana rose to Rs.3,161 per gram on 3 April as the dollar plunged on fears of a trade war between China and the United States.
- A sharp drop in prices was seen the next day as equity markets rebounded following the release of positive non-farm data, resulting in gold falling to Rs.3,134 per gram on 5 April.
- Gold rate in Ludhiana fell to Rs.3,129 per gram on 6 April as industrial demand also fell due to a resurgent dollar.
- A late rally saw gold prices rise as the week ended on 7 April, with the precious metal closing the week at Rs.3,140 per gram.
April 2018- Week 2 (8th -15th)
- Gold opened at Rs.3,140 per gram when the week began in Ludhiana
- Local demand was largely steady for most of this week and gold prices saw little change for the first four days.
- From the 8th to the 11th, gold continued to trade at Rs.3,140 per gram.
- This, however, changed on the 12th as global cues improved amidst the beginning of a war between the US and Syria.
- Gold rates surged to Rs.3,166 per gram on the 12th before rising to Rs.3,197 per gram the next day.
- Even though gold demand was high in the international market, rates dropped in Delhi owing to saturated demand.
- On the 14th, the yellow metal traded at Rs.3,171 per gram before rising to Rs.3,187 per gram the next day.
Trend of Gold Rate in Ludhiana for March 2018 (rates per gram for 24 karat gold)
| Parameters | Gold price (24 karat) |
| Gold Rate on 1st March 2018 | Rs.3,113 per gram |
| Gold Rate on 31st March 2018 | Rs.3,134 per gram |
| Highest Rate in March | Rs.3,171 per gram on 25 and 26 March |
| Lowest Rate in March | Rs.3,098 per gram on 19 and 20 March |
| Overall Monthly Performance | Incline |
| Percentage Change | 0.67% |
March 2018 – Week 1 (1 – 5):
- There was not much change in the price of gold in Ludhiana in the first week of March, with the yellow metal opening the week at Rs.3,108 per gram.
- There was a sharp jump in the price of gold on 3 March as international markets took a nosedive due to news of tariffs on steel and aluminium.
- Gold price in Ludhiana were more or less constant for the rest of the week as gold capitalised on the sudden drop in the price of the dollar as well as the uncertainty in the equity market.
- Asian demand for gold rose sharply as industrial orders rose due to the favourable import rate, which kept gold prices stable.
- The week ended with gold prices falling very marginally to trade at Rs.3,129 per gram on 5 March due to a dip in local demand.
March 2018 – Week 2 (5-11):
- Gold was seen trading at Rs.3,129 per gram when trading began in Ludhiana for the second week of March.
- Due to a strong dollar performance, gold rates dropped by Rs.10 and the metal traded at Rs.3,119 per gram on the 6th of March.
- As the US dollar weakened, gold rates surged to Rs.3,a40 per gram on the 7th before dropping back to Rs.3,129 per gram on the 8th. The fall happened as the dollar bounced back while demand seemed to saturate.
- The 9th saw gold rates drop again to Rs.3,113 per gram as investor sentiment remained quite weak.
- With the US dollar seeing a decline amid poor wage gains, gold rates went back up to Rs.3,134 per gram on the 10th of March.
- The week ended with gold still trading at Rs.3,134 per gram.
March 2018 – Week 3 (12 – 18):
- Gold was recorded trading at Rs.3,134 per gram on the 12th when the week began in Ludhiana.
- Gold price in Ludhiana dropped to Rs.3,124 per gram on the 13th after the US greenback rose against a basket of other emerging currencies amid the well-performing equity markets.
- Thanks to steady demand from local jewellers and industries, gold rates remained untouched at Rs.3,124 per gram the next day.
- On the 15th, gold price in Ludhiana rose to Rs.3,129 per gram after the US dollar lost with trade war concerns weighing on share markets.
- However, with investors and traders expecting the Federal Reserve to raise their interest rates for the first time this year, the US dollar rebounded. This led to gold rates plunging to Rs.3,119 per gram on the 16th.
- The well-performing equity markets coupled with a stronger US dollar resulted in the precious metal prices dropping further to Rs.3,103 per gram on the 17th.
- When trading concluded for the month, gold rates in Ludhiana were recorded holding steady at Rs.3,103 per gram on the 18th amid firm trends overseas.
March 2018 – Week 4 (19 – 25):
- Gold prices in Ludhiana showed a similar trend to those in other cities, with the yellow metal trading at Rs.3,098 per gram on 19 March.
- Prices rose as positive market trends saw the dollar dip and U.S. equity markets perform poorly.
- Local demand was also steady, as industrial orders rose on a weak dollar.
- Gold traded at Rs.3,134 per gram on 22 March as fears of a trade war due to the steel and aluminium tariffs led to global markets falling.
- Asian demand for gold soared due to a low dollar rate, which also influenced demand locally, as gold rose in Ludhiana to Rs.3,145 per gram on 23 March.
- The week ended with gold rising to Rs.3,171 per gram on 25 March on strong demand and positive global cues.
March 2018 – Week 5 (26 – 31):
- Trading began in Ludhiana with the yellow metal priced at Rs.3,171 per gram on the 26th with steady domestic demand from local jewellers, retailers and industries.
- The dollar rose against other apex currencies with a possible trade war between the US and China was diverted after negotiations between the two nation’s economy. This led to gold prices in Ludhiana dropping to Rs.3,161 per gram on the 27th.
- However, safe-haven demand for the metal surged with diplomatic relations between Russia and the US worsening over the next few days. This led to gold prices in Ludhiana holding steady at Rs.3,066 per gram on the 28th and the 29th.
- The 30th saw gold rates plummeting to Rs.3,134 per gram with the US dollar index rising against a basket of other emerging currencies.
- The month ended with the bullion prices holding steady at Rs.3,134 per gram on the 31st with subdued demand for the metal and Ludhiana recording an increase of 0.67% in gold prices during the course of the month.
Trend of Gold Rate in Ludhiana for February 2018 (rates per gram for 24 karat gold)
| Parameters | Gold price (24 karat) |
| Gold rate on 1st February 2018 | Rs.3,077 per gram |
| Gold rate on 28th February 2018 | Rs.3,129 per gram |
| Highest Rate in February | Rs.3,161 per gram on 17 and 18 February |
| Lowest Rate in February | Rs.3,035 per gram on 9 February |
| Overall Monthly Performance | Incline |
| Percentage Change | 1.68% |
February 2018 – Week 1 (1st – 4th)
- Gold trade in Ludhiana seemed to be unaffected by the rise in the US dollar rates and well-performing equities in the international markets during the week.
- On the 1st, gold was priced at Rs.3,077 per gram with steady demand for the metal.
- With local jewellers and retailers making steady purchases to meet domestic demand, gold price in Ludhiana continued to trade at Rs.3,077 per gram on the 2nd and the 3rd.
- When trading concluded for the month, the bullion prices were holding steady at Rs.3,077 per gram on the 4th with steady demand for the precious metal.
February 2018 – Week 2 (5th -11th)
- When the week began in Ludhiana, gold was priced at a respectable Rs.3,082 per gram. But, as domestic demand was weak, gold price in Ludhiana went down to Rs.3,066 per gram the next day.
- Over the 7th and the 8th of February, gold traded at Rs.3,066 per gram as a weak dollar had a bullish effect on trading.
- The 9th saw gold rate in Ludhiana drop to Rs.3,035 per gram as a strong dollar influenced the sentiments of local investors.
- The 10th witnessed a surge in local demand, which led to a Rs.15 increase in prices and the metal traded at RS.3,050 per gram.
- WIth the demand continuing to remain steady, gold rates rose again on the 11th and gold was seen selling at Rs.3,056 per gram on the final day of the week.
February 2018 – Week 3 (12th – 18th)
- The week commenced in Ludhiana with the bullion trading at Rs.3,056 per gram on the 12th with investors awaiting the inflation data in the United States for ideas on the intensity of the interest rate hikes.
- The next day saw gold price in Ludhiana surging to Rs.3,087 per gram with the US dollar losing against other emerging currencies ahead of the inflation data.
- The weakened dollar coupled with the poorly performing equities led to gold rate in Ludhiana rising to Rs.3,098 per gram and Rs.3,103 per gram on the 14th and the 15th respectively.
- The release of the stronger than expected data resulted in investors and stockist gravitating to safe-assets assets such as the bullion to overcome inflation concerns. This led to gold prices Ludhiana rise for the fourth straight session to Rs.3,140 per gram on the 16th.
- Though the yellow metal prices remained untouched at Rs.3,140 per gram on the 17th amid firm trends overseas, rates surged to Rs.3,161 per gram on the last day after the weakened US dollar resulted in an increase in domestic buying by local jewelers, retailers and industries.
February 2018 – Week 4 (19th – 25th)
- When the fourth week of February began on the 19th, gold was priced at Rs.3,083 per gram
- However, gold rates were primed for some declines this week as the US dollar pushed back against other apex currencies after week of underperformance.
- On the 20th, gold rate in Ludhiana fell to Rs.3,068 per gram as the dollar surged and posted a significant growth.
- As the dollar continued to gain, gold price in Ludhiana dropped to Rs.3,057 per gram on the 21st of February.
- The yellow metal’s rates fell for the third consecutive day and a Rs.4 decline was recorded on the 22nd, bringing gold prices effectively down to Rs.3,054 per gram.
- However, local demand was boosted by a number of factors on the 23rd and the metal’s rates surged to Rs.3,060 per gram on this day.
- For the next two days, gold traded at Rs.3,067 per gram thanks to an increased demand for the metal from local investors.
February 2018 – Week 5 (26th – 28th)
- Trading began in Ludhiana with the yellow metal priced at Rs.3,124 per gram owing to steady domestic demand from the previous week.
- Gold rate in Ludhiana surged to Rs.3,134 per gram on the 27th with the US dollar losing ground ahead of the US Federal Reserve Chairman Jerome Powell first testimony on the country’s economy later during the week.
- When the week concluded, the precious metal was recorded trading relatively lower at Rs.3,129 per gram on the 28th amid the strengthening US dollar and firmer equity markets.
- Ludhiana recorded an incline of 1.68% in bullion trade amid positive overseas trends during the course of the month.
Trend of Gold Rate in Ludhiana for January 2018 (rates per gram for 24 karat gold)
| Parameters | Gold price (24 karat) |
| Gold Rate on 1st January 2018 | Rs.3,010 per gram |
| Gold Rate on 31st January 2018 | Rs.3,066 per gram |
| Highest Rate in January | Rs.3,115 per gram on 15, 16, 20 and 21 January |
| Lowest Rate in January | Rs.3,010 per gram on 1 and 2 January |
| Overall Monthly Performance | Incline |
| Percentage Change | 1.86% |
January 2018 – Week 1 (1st – 7th)
- When the new year began in Ludhiana, the yellow metal was priced at Rs.3,010 per gram.
- Gold rate in Ludhiana remained at Rs.3,010 per gram on the 2nd due to little change in demand from domestic circles.
- As gold hit near four-month highs amid a poor dollar, prices went up to Rs.3,045 per gram on the 3rd of January. Various reports doing the rounds suggested that “today’s gold rate” was affected by gold trading in the $1,310 per ounce range, the highest since September 2017.
- After news of the payrolls data in the US broke out, the bullion market eased a little. This was why gold rates fell to RS.3,030 per gram on the the 4th.
- But, as markets concluded that the data showed some below par performance, gold rate in Ludhiana went back up to Rs.3,045 per gram on the 5th.
- Over the final two days of the week, the yellow metal was seen trading at Rs.3,050 per gram.
January 2018 – Week 2 (8th – 14th)
- Gold trade in Ludhiana opened with the bullion priced at Rs.3,045 per gram on the 8th.
- Gold rate in Ludhiana rose to Rs.3,051 per gram on the 9th before plunging to Rs.3,041 per gram on the 10th after the US dollar strengthened amid strong US treasury yields.
- The 11th, however, witnessed gold rates rebounding to Rs.3,061 per gram as the dollar lost against a basket of other major emerging currencies.
- The poorly performing equities market coupled with a weakened dollar led to gold rates rising further to Rs.3,078 per gram on the 12th before stabilising at Rs.3,099 per gram on the 13th.
- Strong trends overseas coupled with increased domestic demand from local jewelers, industries and retailers led to gold price in Ludhiana holding steady at Rs.3,099 per gram for the remainder of the week.
January 2018 – Week 3 (15th – 21st)
- When trading began for the week in Ludhiana, gold was priced at Rs.3,099 per gram.
- As the global market began to see increased sales, gold rate in Ludhiana surged for the metal to trade at Rs.3,115 per gram on the 16th of January.
- The yellow metal’s rates continued to remain at Rs.3,115 per gram on the 17th as well before an improvement in the dollar index caused bullion demand to subside.
- On the 18th and the 19th, gold traded at Rs.3,095 per gram as a rising dollar was assisted by positive returns from the treasury yields.
- However, this low demand couldn’t be sustained for long as news about a government shutdown cause gold rates to rise significantly the next day.
- Gold price in Ludhiana surged by Rs.20 for the metal to trade at Rs.3,115 per gram over the final two days of the week.
January 2018 – Week 4 (22nd – 28th)
- When trading for this week commenced in Ludhiana gold was selling at Rs.3,056 per gram.
- Due to increased demand from local consumers, gold rate in Ludhiana increased marginally to Rs.3,066 per gram the subsequent day
- As plenty of concerns regarding the US economy surfaced, the US dollar weakened. This led to an increase in safe-have purchases. This pushed gold price in Ludhiana up to Rs.3,108 per gram on the 24th of January.
- Prices seemed to consolidate as the week progressed because local demand tailed off due to a decline in purchases. Due to this, gold traded at Rs.3,108 per gram for the final two days of this week.
January 2018 – Week 5 (29th – 31st)
- When trading commenced in Ludhiana, the yellow metal was priced at Rs.3,077 per gram on the 29th.
- Gold price in Ludhiana plunged further to Rs.3,066 per gram on the 30th with a decline in demand amid the rising US dollar index and strengthening equities market.
- The week ended with gold rate in Ludhiana remaining unchanged at Rs.3,066 per gram on account of steady demand from local jewellers, industries and retailers.
- Ludhiana saw gold rates rise by 1.86% during the course of the month.