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Gold Rate in Pune (23rd January 2017)

Gold has had a good rally this year, discounting fears of a possibility of decline. In fact, gold prices peaked to touch Rs 32,000 in July 2016. We have provided todays gold rates in Pune for our valuable readers.

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

Gram 22 Carat Gold
Today
22 Carat Gold
Yesterday
Daily Price Change
1 gram ₹ 2,818.80 ₹ 2,818.80 ₹ 0
8 gram ₹ 22,550.40 ₹ 22,550.40 ₹ 0
10 gram ₹ 28,188 ₹ 28,188 ₹ 0
100 gram ₹ 2,81,880 ₹ 2,81,880 ₹ 0

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

Gram 24 Carat Gold
Today
24 Carat Gold
Yesterday
Daily Price Change
1 gram ₹ 3,004.30 ₹ 3,004.40 ₹ -0.10
8 gram ₹ 24,034.40 ₹ 24,035.20 ₹ -0.80
10 gram ₹ 30,043 ₹ 30,044 ₹ -1
100 gram ₹ 3,00,430 ₹ 3,00,440 ₹ -10

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

Date 22 Carat 24 Carat
Jan 22, 2017 ₹ 28,188 ₹ 30,043
Jan 21, 2017 ₹ 28,188 ₹ 30,044
Jan 20, 2017 ₹ 28,188 ₹ 30,042
Jan 19, 2017 ₹ 28,356 ₹ 30,213
Jan 18, 2017 ₹ 28,359 ₹ 30,214
Jan 17, 2017 ₹ 28,226 ₹ 30,084
Jan 16, 2017 ₹ 0 ₹ 0
Jan 14, 2017 ₹ 27,957 ₹ 29,813
Jan 13, 2017 ₹ 28,038 ₹ 29,892
Jan 12, 2017 ₹ 27,848 ₹ 29,703

Weekly & Monthly Graph of Gold Price in Pune

Historical Price of Gold Rate in Pune

  • Gold Price Movement in Pune, December 2016
  • Gold Rates 22 Carat 24 Carat
    1 st December rate Rs.28,517 Rs.30,490
    31st December rate Rs.27,056 Rs.28,942
    Highest rate in December Rs.28,517 on December 1 Rs.30,490 on December 1
    Lowest rate in December Rs.26,466 on December 23 Rs.28,361 on December 23
    Over all performance Falling Falling
    % Change -5.12% -5.08%
  • Gold Price Movement in Pune, November 2016
  • Gold Price Movement in Pune, October 2016
  • Gold Price Movement in Pune, September 2016
  • Gold Price Movement in Pune, August 2016
  • Gold Price Movement in Pune, July 2016

Gold has always seen a good demand from the city of Pune. In fact, the rising gold rates in Pune, has not deterred the people of the city from buying gold.

How gold rates in Pune are Determined?

Gold always moves higher or lower in the international market. Based on this we see a movement of gold prices in Pune. So, when gold prices internationally go up, they start moving higher in Pune as well.

However, another important factor to consider as far as gold prices in Pune are concerned is the exchange rate. When the rupee drops against the dollar, the precious metal will become more expensive. Let us give you an example.

If you are importing gold at Rs 66 per dollar and if the rupee rises to 67 against the dollar, gold imports would become expensive and hence gold rates in Pune.

Where to Buy Gold in Pune?

Pune city has a number of renowned shops from where you can make purchases of gold. In fact, shops like P N Gadgil are one of the oldest jewellers in the city. Other renowned chain like Tanishq also has a number of showrooms in the city.

Unlike Mumbai, where there is a heavy concentration of jewellery shops in Charni road, here you can see the shops are pretty much spread out.

Factors Affecting Gold Prices in Pune

We wish we could emphasize on one major factor that impacts gold prices in Pune. Sadly, we cannot. There was a time when individuals would assume that gold prices would go higher, because of the festive season. This is not the case. For example, gold prices have nothing to do with festivals. Gold is traded in the international markets, which are influenced by a whole lot of factors from interest rates from the movement of the dollar to interest rates. So, if you are a big believer in the fact that the dollar would strengthen against other currencies, then go ahead and buy gold because gold prices would then certainly fall. So, the correlation of gold and dollar is just the opposite. When one of them falls, the other gains and vice versa.

How Can you Choose the Right Gold Investment in Pune ?

There are a variety of investment avenues when you invest in Gold in Pune. Among these include the Gold Exchange Traded Funds also called gold ETFs or gold coins and gold bars and also what is popularly the newly launched the sovereign gold bonds. However, you must choose the right gold investment that suits you the best. For example, if you are a person who looks at liquidity, the best option would be to buy the gold ETFs. This is because they are very liquid and can be sold as and when you desire money. Do not forget gold investment in Sovereign gold bonds as well. The government offers you an interest on the same, however, you tend to lose money on the melting charges and there are quite a few hassles that are involved. If you are looking to buy the more traditional investments like gold coins and biscuits, do check for the purity before buying into the same. These days it is very much possible to get hallmarked gold in India. So, it is better to buy 22 k 916 hallmarked gold in India, before you look at any other options.

Buying 916 Hallmarked

Gold rates in Pune today depend on a host of factors, including currency movement and international prices of gold. If you are looking to buy gold, the best thing would be to buy hallmarked gold. The one advantage of buying hallmarked gold is that you can be rest assured on the purity of the gold. There are various hallmarking centres, which are also called essaying centres, which do the needful, as far as checking for purity and hallmarking the gold is concerned. However, it is not the purity only that you shoulc consider. Also, look at gold prices. If you feel that prices are high, we suggest that you buy in small quantities. This way you woud average the cost of gold.

Where to sell your gold jewellery in Pune?

This is always a tricky question to answer. If you thought that you would walk into any jewellery shop and sell your gold, you are making a big mistake. Remember that gold shops in the city charge you melting charges, which they consider as costs including the weightage. This could easily range from 4 to 6 per cent. Now, another thing that you should remember is that making charges constitute about 6-7 per cent of the cost of jewellery. So, you tend to lose as much as that amount if you destroy you melt your gold and other gold ornaments. So, instead of losing a lot of money on all these things, it is a better idea to sell your gold jewellery at a reputed shop. This way you would be ensured that you would get a decent sum for your precious ornaments. However, it is highly possible that all shops in the city may not buy the gold. So, you need to be careful.

Looking to Buy Gold in Pune? Try These Shops

If you are looking to buy gold in Pune, you can do it through a number of shops in the city. Among the oldest and the most reputed is the P N Gadgil Shop at Narayan peth. Then of coures you have Bhambhurdekar saraf and Jewellers at Pimpri, apart from C G Ashtekar near Garware College and Diva Jewelers at Aundh. These shops boast some of the finest collection including bridal jewelery, wedding collection and trendy jewelry. If you are looking for the popular chains that are spread more nationally, you can look at Tanishq showrooms in Pune. However, you should continue to stay focused on buying hallmarked gold jewelry when you are buying gold in Pune. Most of the reputed jewelers in Pune have 916 hallmarked gold. In case you are buying hallmarked gold you should look for the date and stamp of the jeweler and the year on which it was hallmarked.

Things to Do When You Sell Gold in Pune

If you are selling your gold jewellery in Pune, there are many precautions that you need to take. First you need to remember that once you sell your gold jewellery you are not going to get it back. So, be careful and think twice before selling your gold jewellery in Pune. Remember, that there is a PAN card or any identity proof hat you have is needed before you sell the gold. You can receive payment through a host of mechanisms including cheque/NEFT transfer or through cash if the sum if not rather large. Remember that old jewellery may not have the karats stamp and hence you may not get the value for antique jewellery. There maybe precious stones in that, but, how does one tell how precious the gems stones would be.

What to Check Before Buying Gold in Pune?

We strongly recommend that you do your own research before buying gold in Pune. It is a good idea to compare gold prices. Remember, gold is an expensive product today and hence even a small price differential can actually mean a lot.

Apart from this you must look for purity. Since gold these days is hallmarked, there is virtually no issues. Nonetheless, you should do you own research before buying gold. There is a possibility that you could get duped especially if you melt your old jewellery.

Gold Jewellery Schemes in Pune, Maharashtra

If you are an investor who does not like to invest in gold in lumpsum, the best thing to do is go for long term investing in gold. In Pune, there are many jewellers who offer you schemes that help you build a corpus to buy gold later. All you have to do is pay monthly instalments, and build a lumpsum amount for jewellery. There are a number of jewellers where you can pay and invest in the scheme. This includes GRT Jewellers, Kalyan Jewellers and GRT Jewellers. You can start in small amounts like Rs 500 and go upto higher amounts. There is no limit to which you can really go. It all depends on the amount of gold you want to buy. If you want to buy in lakhs you need to place higher amounts.

Are Gold Prices in Pune Heading Higher in 2017?

It is always very difficult to predict, which way gold prices in Pune would move. But, if we have to stick our head-out, then we would say that gold prices in Pune are heading lower. This is because, there are a number of international factors that could put pressure on gold rates in Pune. The first and the most important of these is the US Fed meeting scheduled for next month. It is highly likely that the US Fed would hike interest rates in 2017, which in all probability would push gold prices lower. So, international prices of gold would fal below the current levels of $1225 an ounce, which could also lead to a further fall in gold prices in Pune. Hence, if you are planning to buy gold in Pune, we suggest that you wait for sometime. The onyl way one can make money by buying gold is to buy the same at the right price.

Why Puneites Prefer Gold?

Gold prices have tripled in the last eight years, since the emergence of the US sub prime mortage crisis. If you had to place money in safe bank deposits, back in 2008, at best your money would have doubled today. However, gold has managed to triple in value. Interestingly, analysts say that the precious metal is a good hedge against inflation. However, it has often give more returns then most asset classes, barring of course equity shares. Hence, if you are looking to invest and beat inflation, gold can come in handy. However, we wish to emphasize that gold prices have remained steady in the last three years or so in Pune and hence returns may not have been stupendous. Overall, if you are looking to buy the precious metal returns will come only over a period of time. Hence, you should be a long term investor in the precious metal to benefit from a rally that we would eventually see.

When to Buy Gold?

This is always a tricky question. Most of the time we do not buy gold as an investment. We buy it as a necessity for an event like marriage or for any other function. However, having said that we wish to emphasize that gold as an investment is a good proposition as a diversification measure. Let's explain why?

Say you are an investor and you have invested heavily in stocks. If there is an economic turmoil, stocks will definitely fall and gold rally. So, as a hedge gold is an excellent investment bet. There is no question of timing. Nobody in this world knows what is the right price and right time to buy any precious metal. You can adopt the systematic investment route where you buy small quantities every week.

However, you can track the gold prices in Pune before taking any decision. There are many experts, who are willing to give advise. You can seek the advise if there is a large amount of gold that you wish to buy.

How much gold are you really getting while buying gold jewellery?

Generally, the buyer has to pay for wastage that happens during the making of jewelry and for calculating those charges there will a mechanism of calculation which only the jeweler would know.

You cannot find wastage charges as once you settle on to a piece the wastage charges making charges disappear from the pricing chart, due to which it is not so simple to find out how much gold you are really getting.

But there is a way to simplify and find out how much gold we are getting in hand by the price we are paying, which can be explained by following example?

The first step of finding how much gold you are really getting is to find what is the gold price in Pune today?

Then, if the final price is Rs 27,000 for a 10 gm gold jewelry you have paid Rs 2700 per gram. So as we have checked the actual per gram rate on the day gold rate in Pune today and by calculating how much more you are expected to pay and how much we are paying.

But its important to go for jeweler who sell BIS marked jewellery and who provides bill for the purchase.

What are the Options to Buying Gold in Pune?

You can buy gold in Pune in a number of ways. You can choose and electronic way including the Gold ETFs. Most of the top mutual fund houses in the country offer you these Gold ETF schemes. These include UTI, Motilal Oswal and the like. Please do not buy jewelry as an investment, as you get lesser value.

One important thing that is worth mentioning is that gold prices in Pune have already gone higher. So, in case you are looking to invest, wait for sometime for dips to happen.

In fact, gold rates in Pune have jumped as much as 22 per cent in the last one year. This was after the precious metal had a very boring price movement in the last three years. We advocate buying only on dips.

How is Gold Imported into Pune?

To begin with there are an authorized set of banks that are allowed to import gold into India. As we all know that India does not mine gold. In fact, our neighbour China is the biggest gold mining in the country. We have not mined gold in a long time now. These banks import gold into India and these are then distributed to the jewelers in the form of gold bars. Once this happens the distributors retail the gold to the jewelers in the country. This is the entire process how gold moves from imports to the final consumer. In the midst of all this there are the usual taxes and duties that are applicable and made payable by the various intermediaries who import the gold. Remember, if we have the goods and services taxes in place, Pune may see lesser duties and taxes on gold. Apart from this what is important to also remember that a little bit of rupee depreciation will make gold expensive and Pune. This is because as we mentioned earlier, we do not mine gold but manufacture the same. In any case, it always makes sense to check the gold rates in Pune before you buy either your 22 karats or your 24 karats gold.

How is Gold Taxed?

Does not matter whether you are in Pune or any other city. In India, you have to pay capital gains tax on profit on sale of gold. It is important to note, that the tax liability would depend on whether gold is held for the long term or the short trem.

Apart from this, there is also wealth tax that is applicable on gold. If you own gold valued at more than Rs 30 lakhs, you need to pay  1 per cent as wealth tax on that value.

With gold prices constantly appreciating, the value of the gold held by individuals has also been going up gradually.

In any case one has to remember to pay capital gains tax as well. The tax liability wiuld be the same, whether you buy gold in the electronic form or as gold bars, biscuits and or jewelry.

Checking of Gold Purity in Pune, Maharashtra

It is not difficult to get 916 hallmarked gold rates in Pune today. However, you need to make sure that it is of the highest possible purity. People prefer hallmarked gold, because it is tested and ensures that the composition of metal to gold is accurate. In fact, as we call it 916 hallmarked gold or 22 karats gold. If you are looking to buy the precious metal buy with the same configuration we have mentioned. If you are looking at 24 karats, then the best bet would be to take the gold to the hallmarking centre, where the same is tested for purity. the Bureau of Indian Standards has set up testing centres in the country, where you can figure our if the gold is of the same purity that a 22 karats gold and 24 karats gold needs to command. We wish that there were many testing centres set-up to check the purity of gold, which is not the case these days. In fcat, the smaller towns and villages do not have access to these testing centres.

How to Know the Difference Between 22k and 24k gold?

There is a big difference between 22k and 24k gold. The biggest difference is that 24 k is considered as the purest form of the metal. It cannnot get purer then this. It is generally considered as 99.6 per cent pure gold. On the other hand, 22 karats gold is not the purest form of gold. Alloy is always mixed to this gold, simply because we need to make gold ornaments strong. On its own, gold is very brittle, and can easily snap. Mainly we have copper being added to gold, but, nickle can also be added to gold to make it strong. This type of addition of nickle is generally found in white gold.

There are alsovarious others forms of gold including the 18 karat gold. However, this is not the purest form of gold and has pure gold to the tune of only 18 per cent.

2017 Outlook is Grim for Gold Prices

Without an iota of doubt, gold has given fantastic returns to investors in 2016. It is difficult to see that trend continuing in 2017. What we believe is that at best gold prices would hover around the same levels of Rs 28,000 to Rs 30,000 in the city of Pune. However, the precious metal would remain volatile and much would largely depend on prices prevailing in the international markets. We believe that gold prices are heading slightly lower in 2017, as interest rates across the globe would move higher. There are various other international developments that also tend to affect gold prices in India. These include currency fluctuations as welll. However, if you are having a more long-term perspective, gold prices in Pune may not be a bad bet.

Why You Must Buy Gold?

Let us say that you have invested, all your money in shares. If the stock markets fall, you will lose heavily. Normally, when equity markets fall, gold tends to gain. A classic example, is the Lehman Brothers crisis in 2008 after which gold prices rallied heavily.  This is because investors sold heavily in shares and bough gold, as the precious metal is considered a safe haven investment in times of crisis.

So, it always pays to invest in gold, as a measure of diversification. It is a good strategy and in the long term, gold has always given decent returns. In fact, if you are looking to buy gold in Pune, do so on declines. Chances are bright that you will make money on declines.

Some say that gold like shares does not give dividend and hence is a dead investment. Biut, gold is important hedge against other asset classes. In fact, even debt has not been able t give returns like gold.

Today, we have a plethora of options to consider, to buy gold in India. These include gold bonds, gold sovereign bonds and also gold etfs.

Each of these come with unqiue features and track gold prices. Initially, you may need some professional help, if you are planning to invest big in gold.

On What Does Gold Prices in Pune Depend?

Gold prices in Pune depend on a host of things. Many individuals believe that gold prices move-up during the festival season in the city of Mumbai. That is not true though. Gold prices move higher or lower, based on various factors, particularly international developments. It is only when international prices of gold go higher, do the prices of gold in the city of Pune go a higher. International gold prices depend on a host of things including interest rate movements in the United States, the US dollar movement, India's own rupee movement against the dollar and also the local taxes that maybe applicable for gold from time to time.

Nobody these days can predict the price of gold. In fact, it is extremely tricky and as we have mentioned, depends on a host of factors. However, it is a good idea to check the prices of gold, before you make your way to the jeweler shop in the city of Pune.

Try Gold ETFs Too

It is important to buy gold and have at least a part of your investment  in the precious metal. In fact, we advocate you do not buy large quantities of gold, simply because as an asset class, gold is not the very best. Returns are more calibrated and in fact, in recent years the returns has come only after the US sub prime mortgage crisis.

If you want to buy gold, the best thing woud be to buy in small quantities and that too ETFS. These instruments are very liquid and can be sold easily. However, we advocate that you only place a part of your money in instruments like Gold and gold ETFs. This is after you have invested your money in various financial instruments, which are a much better proposition that gold and should be your first priority.

Keep an Eye on Interest Rates for Gold Rate Movement

One of the biggest factors that affects gold prices in India, is the interest rate movement. For example, gold prices in the international markets would fall, if interest rates in the US move higher. On the other hand, when interest rates fall, gold prices tend to move higher. This is why interest rates tend to affect gold prices in Pune particularly and also India as well. So if you are looking to buy gold, it is best to keep an eye on interest rates. Also, do not forget to also take a look at the currency movement, which also impacts gold rates in Maharashtra. The rupee's decline in recent weeks has had an impact and has made gold costlier in India, as compared to where it was a year ago.  Do keep in mind these important factors before buying gold in India. There are bright chances that gold could be headed lower in 2017. Demand for the precious metal has also not been too great. In fact, there has been a gradual decline in the demand for gold in recent months.

How Gold Trades in the Futures Market?

There are two ways in which you can trade gold. The first is in the futures markets and the second is in the spot market. In the futures market, you can settle your position at a later date, while in the spot market you need to do the same immediately. Let us give this with an examle. Say you buy 10 grams gold in the futures market for February delivery. You can settle the contract anytime before the expiry of the February contract. After buying, if you make a loss, it would be shown as a notional loss or profit as the sase maybe, until you square-off your trade. The gold spot market is very different in the sense, you take immediate delivery of the product. You have to make payment for the entire delivery of gold. In the futures market, there is a margin that you need to take and make payment accordingly. For example, on the MCX the margins are around 10-15 for trading in gold. So, you do not have to pay the entire amount. However, it is important to remember that the risk is far higher in the gold futures market because the exposure is higher. 

Can you Actually Get Gold Cheaper in Pune?

Gold rates in the city of Pune are fixed and you do not get gold cheaper within the city. What may differ is the making charges which gold jewellers often charge. This again varies and depends from jeweller to jeweller. Often it so happens that individuals tend to believe that there are difference in the rates. The local bullion association tends to fix the price and that does not change. So, if you believe that the gold rates would change from jeweller to jeweller you are making a big mistake. What you need to do is compare the charges before taking a decision on buying or selling.

Outlook for gold in Pune in 2017

Gold in Pune in 2017, may end-up giving rather decent returns, maybe almost on similar lines that we have seen in 2017. In fact, the demand for both 22 karats and 24 karats gold during the course of the year has been pretty decent. If you are looking to invest in gold in Pune, you can play it for the very ,ong tem. In fact, gold has always known to give prettty decent returns when it comes to holding with a time frame of 10 years and above. In the short term, the chances of any gains is always limited. This is true especially for the precious metal, which has always moved very slowly, sometimes testing the patience of investors. Hence, you need to take a view of at least 10 years and not be impatient when it comes to gold. Even from a mediu term making gains is very difficult. However, instead of buying aggressively you can adopt a strategy of buying and holding. Remember, if you are buying into coins, the better option would be to buy them instead of the ore traditional jewellery, as these do not involve making charges.

 

Latest Updates on Pune Gold Rates

Gold may see some buying on January 23, 2017

The city of Pune may see gold prices rising. The election of Donald Trump as the President may lead to volatility in prices, which may lead to some volatility in the coming days. Pune has over the last few years witnessed a gradual rise in the precious metal, which is reflected in the prices. If you are expecting a strategy of buy on declines, it would be a good idea. There are various options of buying gold in Pune and this primarily depends on your own interest. If you want to keep it more simpler the best way would be to buy gold in coins and bars. This is the best way to buy gold, though the selling and buying differential means you have to factor in returns getting lowered on the precious metal. The broader objective would be to hold onto the precious metal for the long term, so you can really make money out of it.

22 January 2017
Gold prices trend higher

Gold prices in Pune on January 12, 2017 have seen some recovery after witnessing a fall in the last week. On Wednesday gold prices in Pune saw a good reversal and were trading higher. Gold for 22 karats and 24 karats were both higher, as investors digested good data for supporting the prices of the precious metal. However, much would depend on what the US Federal Reserve does with interest rates in the coming weeks. We might see interest rates going higher in the US, after which there might be some movement of money away from gold and into bonds. This may also impact gold rates in Pune, like most other cities in India. So, watch for interest rates in the US. The government so far has not tampered too much with duties and we have to wait and see what they do in the forthcoming Union Budget 2017.

 

12 January 2017
Pune prices gain momentum

There was some momentum that was being seen in the prices of gold in Pune, as the recent decline, led investors to buy into the precious metal. Both 22 karats and 24 karats breached their technical levels, indicating a likely fresh momentum for the precious metal. Gold in Pune has seen a god demand and also a good rise in the last few trading sessions. This has also been on the back of robust demand since the beginning of the year. Also signs point to a more bullish trend for the precious metal. It maybe just a matter of time, before gold gains even further in Pune.

 

5 January 2017
Pune gold rates to trend higher

Pune gold rates are expected to trend higher in the coming days, as todays gold rates in Pune reflected a small increase of around Rs 25 in prices. Gold rates in Pune may continue to gain ground, following a marginal decline in the dollar against a basket of currencies. The price of the precious metal has constantly been on a decline, though in the last few days we are seeing some buying support. The trend for the precious metal is also very unclear say analysts and observers. The last few weeks has seen a flat to negative trend and there are hopes that there would be some upside at least.

4 January 2017
Gold rates in Pune will open higher

Gold prices in the city of Pune are likely to open higher, as international prices of the precious metal rallied. Gold for 22 karats was last seen trading at Rs 27,700 in trade, marginally higher then the prices prevailing over the previous days. There may  be brisk business all over again in the precious metal as investors continue to buy into the metal following the Christmas and the new year celebrations. Gold for 24 karats was also trading in line with the price of the diluted metal, with the price at Rs 29,200 per 10 grams. Pune is likly to see a good demand for the precious metal in 2017, as investors continue to buy the metal for super gains.

3 January 2017
December 24 gold rates steady in Pune

Gold rates in Pune were going nowhere, as they have throughout the year, as the precious metal did not see too many buyers at lower levels. In fact, gold prices were steady and largely followed cues from across the globe. The dollar also flattened against a basket of currencies and this had an impact on prices of the precious metal in the city of Pune. If you are looking to buy gold in Pune, now would now probably be the best time. In fact, we believe that in 2017, there could be some rally in the precious metal. From a medium term perspective it would not be a bad idea to buy into the metal. In fact, we may still see some short rallies, which may push the prices of gold higher. If you are a long term investor, you need not bother too much.

24 December 2016
Gold rates in Pune unchanged

Gold rates in Pune were little changed as global investors did not make too much purchase of the metal. When gold prices globally gain prices in Pune also tend to move higher. Both prices of 22 karats and 24 karats saw a slight uptick of Rs 2 and Rs 9 per 10 grams on December 23. For the entire year too, the prices of gold have not gone too high or low and are likely to close the year on a very flat note. If you are a buyer it would be good to hold and sell the same only on rallies.

23 December 2016
Gold rates in Pune on December 22 slightly lower

Gold prices in Pune on December 22 were trading flat as investors chose to stay away following the festive season. The strong dollar also prevented any gains for the precious metal, which has seen a downside in the last few trading sessions. In fact, gold prices may now end the year 2016, where they began, giving little or no returns for investors. Gold prices today also declined after the dollar strengthened against a basket of currencies this putting gold rates in Pune under pressure. How far prices of the precious metal in Pune will recede is hard to tell. If you are a longer term buyer, we are not even sure you should be buying.

22 December 2016
Pune gold sees marginal decline

Gold prices in Pune declined marginally by Rs 20 in the city on December 21, 2016. This was largely in line with the broad trend prevailing locally. The comments by US Fed Chairperson Janet Yellen had a bad impact on prices in Pune, which dropped after the comments. Gold for 22 karats was marginally lower at Rs 26,635, marginally down by Rs 6. This was for one gram, while gold for 10 grams lost around Rs 60. This is the first time in Pune that we saw gold prices falling. Silver too declined very marginally. in line with its cousin. Pune has seen a systematic decline in gold prices in the last few days, and it is likely that the trend would continue. However, we do not anticipate a complete structural decline in Pune rates in the month of December, 2016.

21 December 2016
Gold prices in Pune gain

Gold prices in the city of Pune gained ground after investors bought into the precious metal on declines. Gold for 22 karats was last seen trading at Rs 26,700 per 10 grams, as against Rs 26,500 per 10 grams in the previous day. It is likely that gold prices would fall some more before seeing a swift rally. However, it is unlikely  to go beyond the Rs 27,500 levels, even as the trend has been technically weak. If you are buying into the metal, it is a god idea to keep a stop loss, before buying. This may help avoid losses in case of steep declines.

20 December 2016

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.

 
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