Feb 25
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Gold Rate In Warangal
Daily Gold Rates
| Date | Standard Gold (22 K) | Pure Gold (24 K) | ||
| 1 gram | 8 grams | 1 gram | 8 grams | |
| 25 Feb 2018 | ₹ 2,921 | ₹ 23,368 | ₹ 3,067 | ₹ 24,536 |
| 24 Feb 2018 | ₹ 2,921 | ₹ 23,368 | ₹ 3,067 | ₹ 24,536 |
| 23 Feb 2018 | ₹ 2,914 | ₹ 23,312 | ₹ 3,060 | ₹ 24,480 |
| 22 Feb 2018 | ₹ 2,909 | ₹ 23,272 | ₹ 3,054 | ₹ 24,432 |
| 21 Feb 2018 | ₹ 2,911 | ₹ 23,288 | ₹ 3,057 | ₹ 24,456 |
| 20 Feb 2018 | ₹ 2,922 | ₹ 23,376 | ₹ 3,068 | ₹ 24,544 |
| 19 Feb 2018 | ₹ 2,936 | ₹ 23,488 | ₹ 3,083 | ₹ 24,664 |
| 18 Feb 2018 | ₹ 2,949 | ₹ 23,592 | ₹ 3,096 | ₹ 24,768 |
| 17 Feb 2018 | ₹ 2,949 | ₹ 23,592 | ₹ 3,096 | ₹ 24,768 |
| 16 Feb 2018 | ₹ 2,928 | ₹ 23,424 | ₹ 3,074 | ₹ 24,592 |
Warangal is a district about 145 km northeast of the city of Hyderabad. It is one of the cities that has been slated to be turned into one of India’s first 100 smart cities. The main economic activity of the city is agriculture with it sporting Asia’s second largest grain market. The city is also attracting investors from the information technology and providing them with the opportunity to set up shop there. It has also been given the status of a world heritage by UNESCO as a result of its strong ties to the history of the country.
Gold as an investment
While Warangal may be an industrial town which is attracting more and more attention from the IT industry, its people also keep a close watch on investment opportunities. These opportunities can even present themselves in the form of investments in gold.
Physical gold: Physical gold is the most common form of investment when it comes to investing in gold. In such an investment, people actually purchase gold in the form of jewelry, not with the view of it being an ornament but from the view of it being an investment and an ornament. Warangal has a good network of gold shops and traders who offer people the opportunity to be able to invest in gold through jewelry.
Buying gold from banks: Another way gold can be invested in, in Warangal, is through the purchase of gold bullion through banks. Banks offer both 22 karats and 24 karat gold along with proper certification for the gold purchased.
Investing in gold ETF: Gold can also be invested in through gold ETFs (Exchange Traded Funds) that don’t require the investors to own physical gold purchased from banks or shops. These funds track the market price of gold and can even be offered in the form of mutual funds. They offer a good opportunity to gain returns through investment in gold markets.
Gold Rate Trend in Warangal for October 2017 to December 2017 (per gram of 24 karat gold)
| Factor | October | November | December |
| 1st day | Rs.3,040 per gram | Rs.2,974 per gram | Rs.2,982 per gram |
| Last day | Rs.2,996 per gram | Rs.2,996 per gram | Rs.3,015 per gram |
| Highest price | Rs.3,059 per gram on 14 and 15 October | Rs.3,030 per gram 18 to 20 November | Rs.3,015 per gram on 30 and 31 December |
| Lowest price | Rs.2,996 per gram on 31 October | Rs.2,974 per gram on 1 and 6 November | Rs.2,906 per gram on 13 December |
| Trend | Decline | Incline | Incline |
| Change | -1.44% | 0.73% | 1.10% |
Gold Rate Trend in Warangal for July 2017 to September 2017 (per gram of 24 karat gold)
| Factor | July | August | September |
| 1st day | Rs.2,950 per gram | Rs.2,931 per gram | Rs.2,995 per gram |
| Last day | Rs.2,920 per gram | Rs.2,965 per gram | Rs.3,040 per gram |
| Highest price | Rs.2,950 per gram on 1 & 2 July | Rs.2,977 per gram on 12 & 13 August | Rs.2,995 per gram on 1 September |
| Lowest price | Rs.2,800 per gram on 14 July | Rs.2,900 per gram from 5- 7 August | Rs.3,071 per gram on 7 September |
| Trend | Decline | Incline | Incline |
| Change | -1.01% | 1.16% | 1.50% |
Gold Rate Trend in Warangal for July 2017:
- Gold price in Warangal opened at Rs.2,950 per gram on the 1st day of July. There was a consistent drop in the process this month because of weak consumer demand.
- The weak demand, in turn, was brought about by a steady US dollar and the implementation of Goods and Services Tax in India.
- News about 3% GST on gold purchases didn’t sit well with investors, which caused gold rates to plummet due to lack of purchases.
- The 14th recorded the lowest gold rate, with the metal selling at Rs.2,800 per gram – which was one of the lowest rates since the demonetization days of the previous year.
- Demand, though, recovered as the weeks progressed, with the metal closing at Rs.2,920 per gram when the month ended.
- Gold rates in Warangal fell by 1.01% this month because of low demand in the domestic market.
Gold Rate Trend in Warangal for August 2017:
- Gold started at Rs.2,931 per gram on a relatively subdued note this month.
- A combination of local and global factors saw gold rates improve over the course of this month.
- The rise in gold prices in Warangal was gradual and the metal traded at Rs.2,908 per gram on the 9th and went up to Rs.2,977 per gram on the 12th of the month.
- For the remaining two weeks of this month, gold prices were largely steady. On the final day, gold rates were recorded at Rs.2,965 per gram.
Gold Rate Trend in Warangal for September 2017:
- Gold demand this month was largely affected by the unending stand-off between North Korea and the United States.
- The yellow metal traded at Rs.2,995 per gram on the 1st of September, with prices rising to a monthly high figure of Rs.3,071 per gram on the 7th.
- This rise was the cause of North Korea’s latest nuclear test, which sent markets around the world plummet.
- Gold trading was aided by this fall in demand, and rates largely remained in the Rs.3,000 per gram range for most of the month.
- A steadily improving dollar saw gold rates end at Rs.3,040 per gram on the 30th of September.
- Gold price in Warangal trend surged by 1.50% this month, thanks to North Korea and the economic meltdown it caused globally.
Gold Rate Trend in Warangal for April 2017 to June 2017 (per gram of 24 karat gold)
| Factor | April | May | June |
| 1st day | Rs.2,956 per gram | Rs.2,984 per gram | Rs.2,977 per gram |
| Last day | Rs.2,984 per gram | Rs.2,968 per gram | Rs.2,962 per gram |
| Highest price | Rs.3,040 per gram on 15 & 16 April | Rs.2,984 per gram on 1 May | Rs.3,030 per gram on 7 June |
| Lowest price | Rs.2,954 per gram on 8 & 9 April | Rs.2,888 per gram on 15 May | Rs.2,942 per gram on 20 June |
| Trend | Incline | Decline | Decline |
| Change | 0.94% | -0.53% | -0.05% |
Gold rate trend in Warangal for April 2017
- For the month of April in Warangal, gold started trading at Rs.2,956 per gram on 1 April.
- The gold prices decreased to Rs.2954 per gram on 9 April due to the subdued demand for gold from the domestic market.
- The fluctuating U.S. dollar rates led to an increase in the demand for gold and it was priced at Rs.3,040 per gram on 15 and 16 April.
- As the U.S. dollar rates started recovering, the muted demand for gold in the local markets reduced the rates Rs.3,020 per gram on 20 April.
- The prices continued to drop and reached Rs.2,970 per gram on 28 April.
- Gold trading at Rs.2,984 per gram on 30 April and resulted in an overall incline of 0.94% in gold prices for the month of April.
Gold rate trend in Warangal for May 2017
- Gold traded at Rs.2,984 per gram on 1 May which was the monthly high for the month. The rates dipped to Rs.2,899 per gram on 6 May due to boosted stock markets resulting from the French Presidential Election 2017.
- The subdued demand for gold in the local, as well as, the international markets contributed to gold being priced at Rs.2,910 per gram on 17 May.
- The gold rates rose to Rs.2,954 per gram on 20 May following the increase in demand from the local jewelers.
- Gold was being traded at Rs.2,979 per gram on 27 May which dipped to Rs.2,963 per gram on 31 May following a muted demand.
- The gold rates in Warangal fluctuated for the month of May and resulted in a decline of 0.53% in the value of gold.
Gold rate trend in Warangal for June 2017
- Gold rates in Warangal started at Rs.2,985 per gram on 1 June and increased to Rs.3,012 per gram on 5 June due to the weak U.S. dollar rates resulting from the political tensions in the U.S.
- The demand for gold increased in the local and international markets, leading gold to the monthly high of Rs.3,030 per gram on 7 June.
- The U.S. dollar rates recovered which reduced the rates for the precious metal. Gold was priced at Rs.2,975 per gram on 12 June and further decreased to Rs.2,949 per gram on 19 June.
- Gold was trading at Rs.2,967 per gram on the last day of the month. The prices fluctuated more or less in the month of June and indicated a slight decline of 0.05% in the value of gold.
Gold Rate Trend in Warangal for January 2017 to March 2017 (per gram of 24 karat gold)
| Factor | January | February | March |
| 1st day | Rs.2,821 per gram | Rs.2,965 per gram | Rs.2,990 per gram |
| Last day | Rs.2,954 per gram | Rs.3,003 per gram | Rs.2,940 per gram |
| Highest price | Rs.2,978 per gram on 23rd January | Rs.3,014 per gram on the 25th and 26th of February | Rs.2,994 per gram on the 2nd of March |
| Lowest price | Rs.2,821 per gram on 1st January | Rs.2,944 per gram on the 4th and 5th of February | Rs.2,900 per gram on 15th of March |
| Trend | Incline | Incline | Decline |
| Change | 4.71% | 1.28% | -1.67% |
Gold Rate Trend for Warangal in January 2017
- On the first day of the first month of the year, gold was priced at Rs.2,821 per gram due to reduced demand for this metal. This was also the lowest at which gold was priced for the month.
- There was a slight increase in the price of gold over the next few days due to slow demand for this metal.
- At the end of the first week of the month, the price of gold rose up to Rs.2,872 per gram and stayed at this rate the next day as well.
- There was an improvement in the price of gold from the 14th of January onwards due to the harvest festival of Sankranti in Warangal. Gold was priced at Rs.2,941 per gram on the 14th and 15th of January before continuing to rise.
- There were quite a few variations noted in the rate of gold towards the end of January with gold trading between Rs.2,962 per gram and Rs.2,913 per gram between the 21st of January and 27th of January.
- On the last day of January, gold traded at Rs.2,954 per gram, with a rise of 4.71% in the price of gold.
Gold Rate Trend for Warangal in February 2017
- On the first day of the month, gold traded at Rs.2,965 per gram and reduced the next day to trade at Rs.2,954 per gram.
- However, due to a decline in the demand for this metal, the rate of gold fell to Rs.2,944 per gram on the 4th of February. This price was also noted on the 5th of February.
- There was a slight improvement in the rate of gold as the week progressed with this metal trading at Rs.2,964 per gram on the 11th and 12th of February, after which prices dropped again.
- The price of this yellow metal increased again on the 17th of February to trade at Rs.2,988 per gram.
- Gold traded at its highest rate on the 25th and 26th of February wherein it was priced at Rs.3,014 per gram. However, this rate could not be sustained and at the end of the month, gold traded at Rs.3,003 per gram recording a rise of 1.28% in the price.
Gold Rate Trend for Warangal in March 2017
- Gold traded at a promising rate of Rs.2,990 per gram on the first of the month before rising to the monthly high price of Rs.2,994 per gram.
- However, these rates could not be sustained due to a fall in the demand for this precious metal resulting in gold trading between Rs.2,972 per gram and Rs.2,951 per gram between the 3rd and 9th of March.
- The price of this metal continued to reduce with gold trading at Rs.2,900 per gram on the 15th of March which was also the lowest at which gold traded during the month. This could be attributed to the Dutch Elections and the decision of the U.S. Fed Reserve regarding the rate of interest.
- Towards the end of March, the price of gold fell, with a few minor variations here and there. On the last day of the month, gold traded at Rs.2,940 per gram recording a decline of 1.67% in the price of this precious metal.
