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Gold Rate in Lucknow (24th June 2017)

The city of Lucknow has always had a rich tradition when it comes to investment in gold. The precious metal has been a favourite of residence of the city and has seen a surge in demand over the last few years.

Where to buy gold in Lucknow?

There are a number of places you can buy gold in Lucknow. However, you should check gold rates in Lucknow before buying. These places include Jhande Wala Park, Gole Market Chowrah, Amindabad, Indiranagar, Alambagh etc.

Today 22 Carat Gold Price Per Gram in Lucknow (INR)

Gram 22 Carat Gold
22 Carat Gold
Daily Price Change
1 gram ₹ 2,808 ₹ 2,810 ₹ -2
8 gram ₹ 22,464 ₹ 22,480 ₹ -16
10 gram ₹ 28,080 ₹ 28,100 ₹ -20
100 gram ₹ 2,80,800 ₹ 2,81,000 ₹ -200

Today 24 Carat Gold Rate Per Gram in Lucknow (INR)

Gram 24 Carat Gold
24 Carat Gold
Daily Price Change
1 gram ₹ 3,063.20 ₹ 3,065.40 ₹ -2.20
8 gram ₹ 24,505.60 ₹ 24,523.20 ₹ -17.60
10 gram ₹ 30,632 ₹ 30,654 ₹ -22
100 gram ₹ 3,06,320 ₹ 3,06,540 ₹ -220

Gold Rate in Lucknow for Last 10 Days (10 g)

Date 22 Carat 24 Carat
Jun 23, 2017 ₹ 28,080 ₹ 30,632
Jun 22, 2017 ₹ 28,100 ₹ 30,654
Jun 21, 2017 ₹ 28,000 ₹ 30,545
Jun 20, 2017 ₹ 28,000 ₹ 30,545
Jun 19, 2017 ₹ 27,850 ₹ 30,380
Jun 17, 2017 ₹ 27,650 ₹ 30,160
Jun 16, 2017 ₹ 27,600 ₹ 30,110
Jun 15, 2017 ₹ 27,730 ₹ 30,250
Jun 14, 2017 ₹ 27,700 ₹ 30,220
Jun 13, 2017 ₹ 27,200 ₹ 29,680

Weekly & Monthly Graph of Gold Price in Lucknow

Historical Price of Gold Rate in Lucknow

  • Gold Price Movement in Lucknow, May 2017
  • Gold Rates 22 Carat 24 Carat
    1 st May rate Rs.29,201 Rs.31,855
    31st May rate Rs.28,750 Rs.31,363
    Highest rate in May Rs.29,201 on May 1 Rs.31,855 on May 1
    Lowest rate in May Rs.27,200 on May 4 Rs.29,672 on May 4
    Over all performance Falling Falling
    % Change -1.54% -1.54%
  • Gold Price Movement in Lucknow, April 2017
  • Gold Price Movement in Lucknow, March 2017
  • Gold Price Movement in Lucknow, February 2017
  • Gold Price Movement in Lucknow, January 2017
  • Gold Price Movement in Lucknow, December 2016

A number of gold shops have flourished in Lucknow over the years. However, there are also very traditional shops, which have passed on from generation to generation. Most of these shops vouch for the purity and authenticity of the gold sold.

These are mostly family business, though we do not find many large scale corporate gold jewelers in the city of Lucknow.

Several jewellery shops are staggered, and we do find them in large concentrations in the city, wherein you can buy and check gold prices today in Lucknow.

Gold Rate in Lucknow, 22 & 24 Carat Gold Price Today

How to buy gold in Lucknow?

You must check gold prices in Lucknow before you buy them. You can make enquiry with th many shops in the city. These days there are telephone numbers that many online directories provide. You can call as many jewelers. In the end do not call too many as it may lead to confusion.

The price differential may not be too large. However, it is best to check the gold rates in Lucknow from one shop to the other.  Do also remember to check goodreturns.in for an updated price of gold in Lucknow.

It is important to remember that before buying gold, you must ensure that it is hallmark. The Bureau of Indian Standards has earmarked many places, where you can check for hallmarked jewellery.

Also, before buying gold in Lucknow, make sure that you do not have gold allergies. Also insist for a receipt, which will show the date of the purchase, as well as the purity and the grammage.

This will help you to sell the gold, as and when you want. Any person buying the gold may insist on the receipt. So, do preserve the receipt of the same.  

916 gold rates live in Lucknow

It is extremely important to understand what 916 gold rates is when you buy gold in Lucknow. 916 is the usual 22 karats gold that we buy. If you want to buy 24 karats gold in Lucknow, it is obviously going to be a lot more expensive. There is a good 10 per cent difference in the price of 22 karats and 24 karats gold. In India that amounts to slightly less than Rs 2000. One thing that you must keep in mind is to check the purity, so that 22 karats gold is not ultimately sold to you as 22 karats gold. This is because when you sell the gold all of sudden it should not be that you get less money for the gold on the pretext of 22 karats.

How do gold rates in Lucknow move?

Gold prices in Lucknow move in tandem with gold prices in the international markets. The precious metal is traded, after which to the international prices is added excise and import duties, exchange rate conversion etc.

The movement of the rupee to the dollar in the forex markets, has an impact on the price of gold. If the dollar gains against the rupee, the precious metal will become cheaper.  On the other hand when it falls it becomes costlier. Also, look for the currency movement which also tends to affect gold prices. Gold rates in Lucknow today, do not forget to visit good returns.

Choices of buying gold in Lucknow

When it comes to purchasing gold in Lucknow there are a plethora of choices. Among these include the gold ETFs, 22 karats gold, 24 karats and gold bars. The gold bars is of course for those who have the money and generally for the high networth individuals in the country. On the other hand people who do not have the money can go for the 22 karats and the 18 karats gold. We also get lower karats or purity of gold, but one cannot be sure of whether these are available in Lucknow. If you want to buy the other varieties it is better to look for gold exchange traded funds. These are also popularly called gold ETFs worldwide and are the most famous of all the gold investment opportunities worldwide. However, this kind of investment maybe slightly complicated, but, you can talk to your broker, because it is like buying shares. You would need to have a demat account to buy gold ETFs. In case you do not have one, please go ahead and open one.

A check list for buying gold in Lucknow

Before buying gold in Jaipur check and compare the prices with every possible jeweller in the city. The second important thing to do is take a note of the making charges. Apart from this do ask if the concerned jeweller is selling hallmarked gold in Lucknow. If he is not, then you might want to skip buying and move to somebody who sells hallmarked gold in the city. There is no way you will not find hallmarked gold in the city. There are many important steps that you must remember, the other is that we should always remember to time the market well. If you find prices have gone too high go ahead and sell. What goes up will finally come down and you will finally get a change to buy all over again. Remember, gold is gold and in the long term the precious metal would always give you decent returns.

Understanding exchange risk fluctuations in gold

If you are a buyer of gold in Lucknow, there are a few things that you should not determine the prices of gold. One of the most important of these is exchange rate fluctuations. As we all know that gold in India is imported through banks who have to pay the importers in dollar. So, if gold is imported today at 67 to the dollar and yesterday it was imported at 66.90 to the to the dollar, gold rates will go higher in Lucknow, because the rupee dipped against the dollar today. We are assuming that all other things like international gold prices and duties remain the same. So, in short the rupee must not fall against the dollar or else you will end-up paying more for gold. Of course, that does not mean that you start monitoring gold on a daily basis. Ultimately what counts is to directly monitor the prices of gold. If you feel gold rates in Lucknow have fallen it maybe a good time to buy into the precious metal. Seek professional advise if needed.

Be careful when selling your gold in Lucknow

If your are looking to sell your gold in Lucknow, it is time to be cautious. This is because there are many companies who will buy your gold and there is a question of the amount they will deduct and pay you. Let us say there are some precious stones in your jewellery. What is the price that they are going to pay you for that. Is there a professional person who can really evaluate the value of that precious stone. How would they pay the individual. Cash transactions on large scale sale of gold, could raise many questions by many authorities. So, unless you are in desperate need of money, make sure that you do not sell gold in Lucknow. Of course, there is a high possibility that you may need to sell some useless stuff, which is broken. But, you can buy another ornament in place of this, if there is a need. You will get the price for the broken piece of gold.

Look at gold ETFs as well

Gone are the days when your choices of buying gold were limited to jewelry, gold coins and gold bars. Today, in Lucknow you can also look at other options like gold ETFs.

Gold ETFs offer you many advantages like there is no need for you to rush to the bank, to deposit the gold, as they are traded in electronic form.

In Lucknow as well, you can buy gold etfs. The beauty of these Gold ETFs is that they can be easily sold as and when required. Since they are in the electronic form like shares, it is very easy to sell the same.

The taxation on these instruments is the same as that for physical gold. You can pay long term tax on sale of gold, as well as short term capital gains tax on gold. If you are looking to buy gold etfs in Lucknow, talk to your broker, who maybe able to give you suitable advise.

Why to look for these quality parameters in Lucknow?

If you are looking at gold quality parameters, or as we all know what is more often called purity of gold, you should look for gold that is branded. Remember, that you do get what is called hallmarked gold in the city. So, stay focused on buying only this variety of gold in the city. The question that arises is: Where do I get hallmarked gold? The answer is simple: you need to visit the BIS centres and see if there is any essaying centre, that will help you to buy hallmarked gold in the city of Lucknow. Remember, it is easy to get duped with gold that is not in the purest form. In the past, there have been instances of consumer complaining that the quality of gold was adulterated or impure. Today, it is very much possible to get that kind of gold in India, which means you need to be very careful. The precious metal becomes impure when it is mixed with a host of other alloys or metals. This is because gold cannot be used to make jewelry by itself as the metal is very brittle. Hence, it needs to be mixed with other metals, so as to ensure tensile strength or to ensure that the gold jewelry does not break. This is why it is mixed with a host of other metals. Bt, mixing it in an abnormal ration, will mean that the quality of gold very much gets diluted. So, be careful and check before you buy.

Demand for gold in Lucknow

Gold demand on Lucknow has constantly been on an upswing in the recent years. This has led to good demand for the precious metal in the last few years. In fact, since international prices have gone up sharply, gold price in Lucknow have almost tripled in value since 2008. If you are a big investor in gold, it maybe a good idea to keep the faith in the precious metal. Gold has withstood the test of time and there is no reason to believe that gold prices in the next few years will not rally. It is likely that we may see an improved price environment for the precious metal in the days to come. However, one has to makee sure that one is buying the precious metal keeping in mind a more long-term objective. it is extremely difficult to make money if you have a short term objective.

Another important thing that you must note when you are buying gold in Lucknow is that you must but hallmarked 916 gold only. This will ensure that you have the highest level of purity for the precious metal. Look for buying the precious metal only on declines. The current rate in Lucknow of around Rs 27,000 for 22 karats is not a bad bet to gold for the more long term.

Myriad choices to buy in Lucknow

If you are looking to buy gold, of course you should first look at the various choices that you have. Many suggest that the best way to buy gold in Lucknow is the gold ETFs. Now, that gets a little complicated for the layman and it always difficult to understand what these gold exchange traded funds mean. So, if yiu do not have a demat account, it is impossible to but these ETFs. So, in Lucknow you should look for the usual gold coins and bars. However, if you are investing you look for those mentioned, but, if you have a marriage or any other occassion, you cannot look beyond gold jewelry. Large amounts of these should not be bought into. In Lucknow, you get the best designs and patterns of gold ornaments. In fact, the city has always been known for excellent crasftmanship on jewelry.  However we wish to emphasize as we have done time and again that you have to tae measures to ensure that the gold you buy is of the utmost purity. So, if you are buying 22 karats gold it should be of 916 and 24 karats of 99.9 per cent purity. Remember, if you have doubts on purity in Lucknow go for the hallmarked gold only.

Taxation on gold in Lucknow

Remember, if you are buying gold in Lucknow, you must also know the different aspects of taxation on the precious metal in the city. First, there is no income tax, because gold does not give you any income like dividend or interest. So, the tax that you pay on gold is capital gains tax. Let is give an example. If you buy gold at Rs 20,000 and sell the same for Rs 30,000, you pay tax on the profit of Rs 10,000. that is you pay on the profits only. Suppose you make losses in one particular year. In that case, what you can do is set off the losses, against profits of the next year. Remember, short term capital gains will apply if you sell the precious metal before three years and long term capital gains will apply if you sell the same after that period. There is also a wealth tax that you have to pay and this has to be kept in mind before investing.

 What is in store for gold rates in Lucknow in 2017?

This is always a tricky question to answer and very few people would know the answer to the same. If you are an investor of gold in Lucknow, you need to be a little careful. It is always a good proposition to exercise a caution. But, the question is: How do you exercise caution. You exercise caution with buying gold in small quantities in Lucknow. Let us give an example. If you have Rs 1 lakh and want to buy gold, you can buy it in small quantities of 10 gram each. Every 10 the price falls, you get to buy the precious metal at lower rates. So, in short when buying gold, make sure that you do not throw caution to the wind.

Factors affecting gold rates today

Today, a host of factors tend to support or lend support to gold rates. The biggest of the factors influencing gold rates today in Lucknow are geo political tensions. When the world witnesses political turmoil, gold tends to gain momentum. However, these events are very few and do not happen all of the time. This is why analysts often recommend buying gold as a hedge against bad times. If you have not invested part of your money in gold, it is time you add some money by investing in the same.  It is an excellent hedge in bad times. This is why individuals advise not to put alll your eggs in one basket and diversify your portfolio. Parking in small amounts in gold, can hold you in good stead in the years to come.  We wish to emphasize that if you are buying gold, keep a view of at least 6-7 years. This is because longer the time frame for investment, better is the chances of making money in the precious metal.

Understanding wastage charges in Lucknow

Lucknow is the largest city in north India and is also the capital of the state of Uttar Pradesh. Lucknow is also one of the major metropolitan cities in India.

If you are buying or making any jewelry or gold ornaments here are few things you must keep in mind, so that you are not fooled by the gold merchants. Those charges are making charges, wastage charges etc. So it will be better to have a very good understanding so that while you are buying you can have a clear idea are you getting for what you are paying.

Most individuals in Lucknow sell or modify their old model jewelry to make new model jewelry. It will be better to go for a reputed as you can find better models from reputed shops or jewelry merchants and also they give offers such as zero making charges and wastage charges.

Before you buy gold in Lucknow its better to check gold rates in Lucknow on goodreturns.in

 Why buy gold in Lucknow?

Most people buy gold as a reaction to the unknown risk around them. Not only this there are majorly three reasons for which you should buy gold.

Gold is priced below its margin cost of production to is supply and also near its average cost of product. The main rule ofinvesting is don't miss to own an asset below its replacement value.

Gold prices are always volatile. The prices moves quickly and dramatically without any warning. In April 2013, gold prices suddenly increased 13% in just two days and by the end of 2013, its is down nearly 28%.

Gold rates behave inversely when compared to few other assets. Gold goes up when the outlook for other assets looks bleak. In 2002, when U.S. stocks were down by 22%, gold went up by 24%. Even Gold ended in positive territory.

So whatever the conditions or crisis are coming over, One can use gold as a safe haven. Whatever the plunges or swells come in the market. To have a better understanding its better to follow gold rates in Lucknow everyday.

Even it is recommended to the investors to go for Gold ETF's (Exchange traded funds) than going for Physical gold for investment Purpose

Why is gold so precious metal?

Gold is a precious metal not only today, it is a precious metal from ages. In olden days it was used an a means of currency exchange. Time and generations were changing but gold never lost its value. It is safe haven for wealth. The change in price of gold is dependent upon the crisis hitting developed or developing countries from last few years.

The preciousness of gold is found in its nature itself. It is not a resource which is easy to find. It is not impossible to find but very hard to, which brings value to this metal. One of the of the other reason which is increasing the preciousness of gold is its reactive nature when exposed to different conditions because of its positive reaction to conditions where other metals deteriorate, disintegrate, or cause potential safety issues for users. That is reason gold is being used in many modern applications a lot these days.

The Traders and investors in Lucknow heads towards gold as it is the safe havens when the economic climate starts experiencing turmoil. They follow gold everyday by checking gold rates in Lucknow everyday. It is better to find a place where one can get gold prices in Lucknow accurately.

Investing in which form of Gold is safe in Lucknow?

To invest in gold, there are two options for the investor either to invest in physical form or electronic form. So to decide on this you one need to understand few things about physical gold as well as electronic gold.

Investing in physical gold means you have two options either you can buy gold bars or coins and the other option is buying gold jewelry. When it comes to investment gold coins and bars are highly recommended because you will be losing making charges and wastage charges on gold jewelry. It is also recommended to check today gold rates in Lucknow.

The big advantage one will be getting by investing in physical gold. On physical gold, bank gives instant loans. Not only banks there are a lot of NBFC's which gives loan against gold. This cannot be availed on gold ETF's

The disadvantage of buying physical gold is safety issues. This problem is not there with electronic gold as it will be in electronic form.

When it comes to electronic gold one will have multiple options like ETF's, futures, Gold mining company shares, etc. This method will be quite simple. If one wants to buy gold, one can just make the call to their stock broker and invest as much money they want to invest in the gold, and if they want to sell just by making few calls, they can sell it.

The advantage with electronic gold one trading with electronic gold is safe, secure and hassle free.

The Disadvantage with the method is there are few charges for this method and specific timings. Excluding that one cannot trade with their gold.

Who is the best jeweler in Lucknow?

The first question popping up in your mind when you decide to buy gold is who is the best jeweler in Lucknow? As there are many options in Lucknow to buy gold from this question cannot be answered easily. But by checking few things one can decide where and from whom one should be buying gold jewelry.

Is the jeweler selling the jewelry as per the gold rates in Lucknow on that day? For that first, you need to know what the live gold prices in Lucknow are. That you can check on goodreturns.in. The website provides updated gold rates in Lucknow and all the major cities in India. So check gold prices and check with the jeweler if both the rates tally go for it.

The second important thing to check is BIS hallmark. Check whether the jeweler is selling 916 BIS hallmarked gold jewelry. Though the jeweler is offering price less than live gold prices in Lucknow and not selling Hallmarked gold. It is advised not to go for it because there will be chances of getting duped by going for gold which is not hallmarked.

One more thing one should be checking is, is the jeweler offering any buyback terms. There are jewelers in Lucknow who offer buyback terms. It better to go for such jewelers because in future if you want to sell your gold for any reason. You can sell to the same jeweler. But you may or may not get the price at which you bought the gold. The reason behind this is the jeweler may not pay the making charges, and even there are chances that the gold rates in Lucknow will be different on the day you bought your gold jewelry and the day you are selling.

What is Hallmark Gold in Lucknow?

Hallmark Gold means the gold which is assayed. It can be a gold bar or gold jewelry. There is a hallmarking governmental agency called BIS (Bureau of Indian Standards) which do hallmark on gold. The Assaying centers or hallmarking center do hallmark for 22 karats as well as 24 karats gold.

It is paramount to buy gold jewelry or coins or gold biscuits which are hallmarked. This hallmarking symbol explains or guarantees us that the jewelry you are buying is genuine. If you buy jewelry which is not hallmarked, you cannot be one hundred percent sure that the jewelry or bars you bought are of same karats as mentioned by the gold jeweler. But if it is hallmarked you no need to worry about it as at the assaying center they test the jewelry and give a hallmark also mention how many karats the gold is. That assures you that the gold you bought is genuine.

This hallmark helps while selling the gold you have. If you have plans to sell the jewelry you have better take the bill as well. Because by seeing the hallmark and bill the jewelers will buy your jewelry. If you don't have these, it will be hard to sell the jewelry you have.


Latest Updates on Lucknow Gold Rates

Gold price in Lucknow to trade higher

Gold prices in Lucknow are set to trade higher today as the gold prices in the international markets is up. Spot gold was up by 0.3 per cent and is trading around $1,246 per ounce. 22 karats gold rates in Lucknow was trading at Rs 28,000 which seems to be on the rise. 24 karats gold prices in Lucknow also is set to see a modest uptick. Gold prices in Lucknow were on a downward trend this week. Gold prices opened this week with declines.

The sudden drop in the crude oil prices in the international markets gave some support to the gold prices. The investors decided to invest in gold are advised to be patient until the gold prices in Lucknow trades below the Rs 28,000 mark. For the traders who trade in Gold, it is important to follow the gold rates every day which you can follow on goodreturns.in. On goodreturns.in gold prices in Lucknow and the top cities in India is updated every day.

21 June 2017
Gold Rates in Lucknow to Fall

Gold prices in Lucknow are set to fall due to a strong Dollar. Internationally, spot gold was down by 0.1 percent and is trading around $1,252 per ounce. On Monday for the first time, gold prices is opening lower in trade in the month of June. 22 karats gold prices were trading at Rs 27,650, and there are chances that it may go lower today and may trade below the Rs 27,500 mark. 24 karats gold prices are also trading similarly lower. If we study, gold price movement in Lucknow from past one month, gold prices are at low levels as of now. Investors waiting for the decline in the Gold prices can invest now.

On MCX, not only gold but silver is also down. Gold is down by Rs 77 and is trading at 28,613, Silver is down by Rs 156 and is trading at 38,325. The International movement in the commodities such as gold, silver shows affect on the Indian market as well as most of the gold and silver we consume is imported.

19 June 2017
Gold prices in Lucknow to rise

Gold prices in Lucknow are set increase due to a fall in the Asian Stocks and pressure on the dollar because of the U.S. Federal Reserve policy meeting. Internationally, spot gold was up by 0.1 percent around $1,267.00 an ounce. If we see the past week gold prices in Lucknow, the gold rates opened at Rs 28,200 and closed below Rs 28,000 by the end of the week. Due to the UK election outcome, improving economic data in U.S. and James Comey's Congressional testimony, and Dollar and Asian stocks factors it seems gold prices in Lucknow to open higher. For investors in future, this may be good news if the outcome of the Federal Reserve policy meeting comes against the investor's expectations the shining metal prices will go up. Until the Federal Reserve policy meeting is finished which is on Wednesday, gold prices may continue to rise.

12 June 2017
Gold prices in Lucknow fell

Gold prices in Lucknow feel due to firm Dollar. The outcome of the UK national elections showed some effect. Gold was pressured by the various events which include the Former Federal Bureau of Investigation Director James Comey's Congressional testimony and the improvement in the US economic Data. Global uncertainty has always shown some effects on the gold rates in Lucknow. The are few investors in Lucknow who do trading by buying commodities when the prices are down and selling when the prices go up for them this right time to buy gold as the prices of 22 karats gold is Rs.28000 and this is a good price as per the general gold rates in Lucknow. If we compare the prices with the gold rates in Banglore the price in Lucknow seems high. Gold rates will be different in different cities and this is because of various taxes and other duties.

10 June 2017
Gold prices in Lucknow to fall

Gold prices in Lucknow are set to see a decline this week, as the international prices are down. Spot gold dipped by 0.1 percent and reached $1,285.00 per ounce. The chances are high that both 22 karats and 24 karats to open low in the trade today. Gold rates in Lucknow to take cues from international gold prices, which have declined for first time in this week. After this dip, It seems that the fluctuations will progress depending on the former FBI director James Comey case progress and UK national elections.

However, gold prices in Lucknow open trade this week, 22 karats at Rs.28,200 and 24 karats at Rs.30,700 and will see some decline now after three days of trade. The Individuals who are looking to buy gold, better to wait for some more time. There are some political tensions ongoing globally, and already the prices are too high and the decline is not so much. So, It will not be wise to go for the shining metal as of now.

8 June 2017
Gold Prices up in Lucknow

Gold prices are up in Lucknow, due to the disappointing U.S. jobs data. Gold is in the six-week high. After slow down in U.S. job growth rate, the labor market lost its momentum, and the unemployment rate fell to a sixteen year low. Not only gold all the precious metal rose where silver is trading at $17.585 an ounce, but Platinum is also trading at $946.10 ounce. The investors are taking off their money from the equity market and keeping it in the commodity market which increased the demand for the precious metals. The price of the Gold in Lucknow is growing steadily from last week. As this is the wedding season as for now, so the gold rates in Lucknow may not affect the jewelers. The investors in gold who was willing to buy gold for them this may not be the time to buy. They may need to wait for some more to buy the precious metal.

5 June 2017
Gold rates in Lucknow to fall

The interest rate hike by the Federal Reserve next month has boosted the U.S. Economic data which built some pressure on the gold rates. Spot gold was down 0.3 percent to $1,259.00 per ounce. This trend may continue this June until some decision is made over it.

10 grams 22 karats gold rates which rose from 27,700 to 27,850 and also the 10 grams 24 karats rose from 30,800 to 31,200 will now see some decline in the rates. Now, the investors who were keeping their bets on the gold may continue due to the geopolitical tensions.

For the investors who don't have gold in their portfolio but want to buy, should wait for some more time as the chances are high that the gold rates in Lucknow may slide. The gold rates in the capital of Uttar Pradesh will always be a little different from other states. So Investors better go for the gold bonds.

31 May 2017
Gold firm as Dollar Slips

Gold rates in Lucknow were trading firm as the dollar slipped after the minutes of the Federal Reserve's last policy meeting was revealed. Spot Gold was flat around $1,258.00 per ounce. Policy makers agreed to hold of the interest rates due to the recent economic slowdown in U.S.

Higher interest rate pushes the Dollar and brings pressure on the precious metal. As the decision of the policy makers is to hold on the interest rates the investors seems to continue their bets on the shining metal and these international factors are affecting the gold prices in Lucknow.

10 grams for 22 karats gold rates was trading around Rs 27,700, and 24 karats was trading around Rs 30,200 and seems the price will be unchanged due to the international factors. The traders in Lucknow are continuing their bets on stocks as gold as of now is unmoved, and the chances are high that it will extend the trend for few more days.

25 May 2017
Gold rates in Lucknow to remain study

Gold prices in Lucknow are expected to remain steady. Gold for 22 karats was last seen trading at Rs 27,300 per 10 grams, and 24 karats were last seen trading at Rs 29,800 per 10 grams. Though the gold rates in Lucknow are trading lower investors are not interested in investing. Because due to global geopolitical uncertainty gold is more unlikely to move up or down for some time.

In Lucknow gold rates were consistently trading at the same price from the last few days, so there is no chance that the investors will show interest in spending money on gold now.

If you are not an investor and if you are looking to buy gold jewelry, the best time would be now, as the gold rates are trading lower and will be in that way for few more days. You can wait for a little more time as there are chances that 22 karats gold price in Lucknow would further go down around Rs 27,000.

13 May 2017
Steady Gold Rates in Lucknow

Gold rates in Lucknow were steady above 8-week low as the U.S. Dollar and stocks firmed. Spot gold rates remained unchanged at around $1,218.00 per ounce in the global markets. Investors in Lucknow who invested in gold need to wait a little more to sell their precious metal.

Gold emerged after hitting the eight-week low after Macron's victory in the presidential election in France and continues the trend of emerging as U.S President Donald Trump fired FBI Director James Cooney and things stay that way. The chances are 10 grams of 22 karats Gold rates in Lucknow will be trading t around 28,500, and 24 karats were trading at 31,000. These will be litttle uchanged due to the international factors. There are chances that the gold rates in Lucknow may drop again. It is advisable to the long-term investors to buy in small quantities. It seems the chances are low that the gold prices will see any sharp rebound.

11 May 2017

Disclaimer: The gold rates are sourced from local jewellers in the city. There maybe variance in rates and prices. GoodReturns.in has made every effort to ensure accuracy of information provided; however, Greynium Information Technologies Pvt Ltd, its subsidiaries and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell in precious gold. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on gold information provided.