May 14
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Gold Rate in Ratlam
The price of the yellow metal in Ratlam tends to fluctuate, owing to the market trends. Economic scenario and international rates also linked to the volatility of gold prices. The yellow metal is available as bars, coins, and jewelry of weights 1 gram, 10 gram, 50 grams, and 100 grams. Gold mainly comes in 24 karats and 22 karats, with prices varying due to the quality of the yellow metal.
24k Gold
Pure gold, which is measured as 24 karat, cannot be usually crafted or moulded into jewelry due to its soft nature. One gram of 24k gold is priced at Rs 3,033 as on March 14, 2016. This was after gold gained Rs 155 post its two-day losing streak in four months and priced at Rs 2,962 in February.
22k Gold
A popular option when it comes to making jewelry, 22 karat gold has a purity index of approximately 92%. Gold of this purity can be bought as jewelry or coins. As of March 14, 2016 a person buying 1 gram gold in Ratlam will have to pay Rs 2,873.
Gold Rate Trend in Ratlam 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.3,080 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 Ratlam 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 Ratlam for October 2017:
- Gold opened on a relatively high note, trading at Rs.3,127 per gram when October began.
- Rates continued at this rate before dropping to Rs.3,104 per gram on the 4th as demand seemed to fall amid poor local demand and a rising US dollar.
- Gold prices in Ratlam flatlined at Rs.3,084 per gram from 6th to 8th October before increasing to Rs.3,119 per gram on the 9th and rising to the month’s highest figure of Rs.3,135 per gram on the 12th of October.
- The yellow metal’s rates continued at Rs.3,135 per gram till the 17th – owing to festive demand and a weak US dollar – but fell to Rs.3,011 per gram on the 19th.
- Gold rates hit their lowest for the month when the metal traded at Rs.3,002 per gram from the period between the 23rd and 26th October.
- From this point on, rates improved gradually to end the month at Rs.3,088 per gram.
- Some poor demand towards the latter half of the month led to prices declining by 1.24% in Ratlam.
Gold Rate Trend in Ratlam for November 2017:
- Gold rates in Ratlam saw an improvement in the month of November, thanks to various events involving the US president Donald Trump.
- The yellow metal’s rates had actually tumbled when trading began for November – starting at Rs.3,070 per gram as opposed to Rs.3,088 per gram the previous day.
- But, a weak US dollar performance – brought about by the lukewarm response to Donald Trump’s latest tax structure rejig – pushed gold rates up.
- Gold traded at its highest during the 19th and the 20th when it was priced at Rs.3,115 per gram.
- However, a improvement in US treasury yields gave the US economy a much needed reason for growth.
- By the end of this month, gold rates had plummeted to go down to Rs.3,081 per gram.
- Despite the reduced demand towards the end of the month, gold rate trends managed to record an increase of 0.35%.
Gold Rate Trend in Ratlam for December 2017:
- Gold rates in Ratlam opened strongly when December began. However, rates seemed to be on the decline for most part of the month due to poor demand.
- On the 1st of December, the yellow metal was priced at Rs.3,078 per gram, which then rose to Rs.3,094 per gram – the month’s highest gold rate.
- From this point on, there was consistent decline in prices with prices going down to as low as Rs.2,988 per gram on the 12th of December.
- But, a number of issues concerning the US economy and the Trump Presidency led to a weakening of the US dollar and the subsequent rise in gold prices.
- During the second half of the month, gold rates seemed to be on the incline – rising steadily and closing at Rs.3,093 per gram as the month came to an end.
- Gold price trend inclined by 0.61% in Ratlam for the last month of 2017, thanks to a rise in demand both globally and domestically.
