Apr 21
0
Gold Rate in Pondicherry
People in Pondicherry (Puducherry) prefer buying gold for major occasions. It also serves as a type of investment. Gold rates are constantly changing in Pondicherry, one can avail the updated gold rate directly from the dealers in Pondicherry or through the various financial websites. Gold can be used as an asset to get loans from the banks as well.
Trend of Gold Rate in Pondicherry for March 2018 (rates per gram for 24 karat gold)
| Parameters | Gold price (24 karat) |
| Gold Rate on 1st March | Rs.3,043 per gram |
| Gold Rate on 31st March | Rs.3,072 per gram |
| Highest Rate in March | Rs.3,105 per gram on 24 and 25 March |
| Lowest Rate in March | Rs.3,030 per gram on 19 March |
| Overall Monthly Performance | Incline |
| Percentage Change | 0.95% |
Trend of Gold Rate in Pondicherry for February 2018 (rates per gram for 24 karat gold)
| Parameters | Gold price (24 karat) |
| Gold Rate on 1st February 2018 | Rs.3,040 per gram |
| Gold Rate on 28th February 2018 | Rs.3,046 per gram |
| Highest Rate in February | Rs.3,103 per gram on 14 February |
| Lowest Rate in February | Rs.3,003 per gram on 8 February |
| Overall Monthly Performance | Incline |
| Percentage Change | 0.19% |
February 2018- Week 1 (1st – 4th)
- Demand for gold in Pondicherry was relatively stable in the first week of February, with the metal trading at Rs.3,040 per gram on 1 February on consistent demand from local jewelers.
- Gold Price in Pondicherry shot up to Rs.3,071 per gram on 2 February as the dollar fell sharply, resulting in a steady rise in orders from both local as well as overseas buyers.
- Gold rate in Pondicherry regularised as the week progressed, with the price of gold falling to Rs.3,050 per gram at the end of the week.
February 2018- Week 2 (5th – 11th)
- Trading opened with gold priced at Rs.3,035 per gram on 5 February as demand fell sharply following a rally by equity markets.
- Positive U.S. non-farm data expectations led to a rise in the dollar rate, which led to a sharp drop in demand for gold.
- Gold price in Pondicherry fell to Rs.3,003 per gram on 8 February, the lowest rate for the month as local demand stagnated, echoing trends seen overseas.
- The precious metal recovered some of its value as the week progressed, trading at Rs.3,018 per gram on 9 February as local industrial demand bolstered prices.
- The week ended with gold rate in Pondicherry rising marginally to trade at Rs.3,023 per gram on 11 February.
February 2018- Week 3 (12th – 18th)
- A marginal rise in the price of gold was observed as the third week began, with the precious metal trading at Rs.3,025 per gram on 12 February.
- There was a steady rise in price as markets fluctuated due to geopolitical tensions destabilizing the dollar, with gold rising to Rs.3,030 per gram on 13 February.
- Higher sales due to Valentines Day led to gold price in Pondicherry jumping to Rs.3,103 per gram on 14 February, but slipped as the days progressed due to lower trade volumes.
- Local demand was more or less consistent, with industrial demand keeping gold rate in Pondicherry steady.
- Gold dropped to Rs.3,074 per gram on 16 February but recovered on 18 February to trade at Rs.3,096 per gram due to market turbulence.
February 2018- Week 4 (19th – 25th)
- A resurgent equity market and declining demand led to gold price in Pondicherry falling in the fourth week in Pondicherry.
- Gold was priced at Rs.3,083 per gram on 19 February but saw a steady drop in price throughout the week as local demand all but stalled due to high import rates.
- A bull run by markets and relatively stable geopolitics led to a decline in demand for gold, which traded at Rs.3,054 per gram on 22 February.
- The dollar, spurred on by positive market performance, continued its stable run as global demand for bullion fell on poor demand by investors.
- A slight recovery in the price of god was observed as the week drew to a close, with the metal trading at Rs.3,067 per gram on 25 February.
February 2018- Week 5 (26th – 28th)
- The last week of February saw demand for gold rise marginally due to a renewal of tensions, between North Korea and the United States, which led investors to gold as a safe haven asset.
- The precious metal opened the week at Rs.3,069 per gram on 26 February and remained constant the following day due to steady demand from jewellers.
- A drop in price was recorded as the month ended, with gold trading at Rs.3,046 per gram on 28 February to record a marginal increase in price of 0.19%.
Trend of Gold Rate in Pondicherry for January 2018 (rates per gram for 24 karat gold)
| Parameters | Gold price (per 24kt) |
| January 1 Rate | Rs.3,009 per gram |
| January 31 Rate | Rs.3,045 per gram |
| Highest Rate in January | Rs.3,129 per gram on 25 January |
| Lowest Rate in January | Rs.3,000 per gram on 4 January |
| Overall Monthly Performance | Incline |
| Percentage Change | 1.19% |
January 2018 – Week 1 (1st – 7th):
- When trading began for the month of January 2018 in Pondicherry, gold was priced at Rs.3,009 per gram.
- Gold continued to trade at Rs.3,009 per gram on the 2nd before rising to Rs.3,014 per gram on the 3rd due to a slightly improved demand from jewellers and other investors.
- The yellow metal traded at Rs.3,000 per gram on the 4th as the market awaited the jobs data from the US, which pushed prices down.
- However, the anticipated data turned out to be much worse than expected which caused gold price in Pondicherry to surge on the 5th and the metal traded at Rs.3,015 per gram.
- Gold rate in Pondicherry surged further to Rs.3,021 per gram on the 6th as the US dollar lost out against a whole lot of the other apex currencies.
- When the week ended, gold was seen trading at Rs.3,021 per gram as strong cues helped rates remain steady.
January 2018 – Week 2 (8th – 14th):
- Gold prices had fallen to Rs.3,015 per gram when markets opened on the 8th, owing to poor weekend cues.
- The next day, i.e., the 9th saw gold price in Pondicherry bounce back up to Rs.3,021 per gram before going down to Rs.3,009 per gram on the 10th, courtesy of an improving dolar.
- On the 11th, gold traded at Rs.3,030 per gram as positive trend overseas helped the yellow metal trade on a high.
- Gold rate in Pondicherry went up again on the 12th to Rs.3,045 per gram as a weak equity market and a weaker US dollar helped gold climb.
- The following day gold rates went up to Rs.3,048 per gram as demand continued to rise while hitting record highs.
- Gold demand went further up to trade at Rs.3,068 per gram on the final day of the week as sales rocketed.
January 2018 – Week 3 (15th – 21st):
- The third week began with gold selling at Rs.3,071 per gram as there was a slight improvement in demand.
- As investor sentiments remained strong and as trends from the overseas market remained steady, gold rate in Pondicherry rose to Rs.3,086 per gram on the 16th.
- The US dollar seemed to rise and improve its stance against other currencies. This led to gold rates dropping to Rs.3,082 per gram on the 17th of the month.
- On the 18th, gold traded at Rs.3,061 per gram as sellers backed out amid poor cues from the overseas market.
- The 19th saw gold rate in Pondicherry rise slightly to Rs.3,064 per gram and surged again to Rs.3,084 per gram on the 20th as investor speculation regarding the direction of the US economy pushed safe-haven demand.
- Gold traded at Rs.3,084 per gram when the week came to an end on the 21st of the month
January 2018 – Week 4 (22nd – 28th):
- When trading commenced on the 22nd of the month, the yellow metal traded at Rs.3,078 per gram.
- On the 23rd, gold price in Pondicherry rose to Rs.3,087 per gram as the US dollar started to weakened against other currencies.
- As demand remained steady local investors including jewellers and others, gold was still priced at Rs.3,087 per gram.
- The US greenback touched record low figures on the 25th and gold reached near 16-month highs in the bullion market. The metal traded at Rs.3,129 per gram over the course of this day.
- The US dollar seemed to gain over the next day and gold saw brief declines in its prices.
- When the week concluded, gold rate in Pondicherry had dropped to Rs.3,043 per gram.
January 2018 – Week 5 (29th – 31st):
- Gold price in Pondicherry were holding at Rs.3,043 per gram when the fifth week of January began on the 29th.
- On the 30th, prices dropped to Rs.3,030 per gram as demand took a hit owing to rising dollar.
- As the US Fed Reserve meeting was on its way, gold rate in Pondicherry declined as anticipation regarding an interest rate hike rose.
- Gold traded at RS.3,045 per gram on the final day of January 2018.
- Gold price trends rose by 1.19% this month, thanks to an increased demand from investors which was brought about by a poor US dollar.
