Gold Rate in Sangli
The gold rate in any location is subject to variations and fluctuations based on international market trends, the purity of the gold in question, etc. The form of the gold being bought also affects the end price the customer pays – for example, 10 grams of gold would be cheaper (charged at the base rate) in the form of a coin or bullion, but more expensive in the form of jewelry.
24 karat gold: The purest form that gold is available in is the 24 karat variety. This form of gold, while not being ideally suited for the crafting of jewelry, is treated more as an investment and traded accordingly. Currently, 10 grams of 24 karat gold in Sangli costs Rs.30,680 (as on 11th March, 2016). This year, the price has steadily increased from Rs.26,680 for 10 grams in January (as on 13th January, 2016), to Rs.30,050 in February (as on 24thFebruary, 2016) to the present rate of Rs.30,680.
22 karat gold: Gold loses some of its purity when it is mixed with certain “impurities” which make the gold ideal for smithing and jewelry making. The best gold jewelry is found in 22 karat purity, as skilled and master craftsmen prefer this gold for ornamentation and decoration. Currently, 10 grams of 22 karat gold in Sangli costs Rs.28,480 (as on 11th March, 2016). Over the last week, the price has risen slowly from Rs.Rs.27,540 on the 2nd of March, to Rs.27,770 on the 7th, and Rs.28,480 presently.
Gold Rate Trend in Sangli 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 Sangli 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 6 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 Sangli 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 Sangli 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 rate in Sangli 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 Sangli.
Gold Rate Trend in Sangli for November 2017:
- Gold rates in Sangli 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 rate in Sangli 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 Sangli for December 2017:
- Gold rates in Sangli 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 Sangli for the last month of 2017, thanks to a rise in demand both globally and domestically.
