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Gold Rate in Chandigarh (17th August 2022)

Aug 17, 2022
4,815 /Gram(22ct) -15

Chandigarh is the capital city of the northern Indian states of Punjab and Haryana. It is always important to check the gold rates in Chandigarh, before you buy gold. This would prevent you prevent you from making losses in the future.

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

Gram 22 Carat Gold
Today
22 Carat Gold
Yesterday
Daily Price Change
1 gram 4,815 4,830 -15
8 gram 38,520 38,640 -120
10 gram 48,150 48,300 -150
100 gram 4,81,500 4,83,000 -1,500

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

Gram 24 Carat Gold
Today
24 Carat Gold
Yesterday
Daily Price Change
1 gram 5,253 5,269 -16
8 gram 42,024 42,152 -128
10 gram 52,530 52,690 -160
100 gram 5,25,300 5,26,900 -1,600

* The above gold rates are indicative and do not include GST, TCS and other levies. For the exact rates contact your local jeweller.

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

Date 22 Carat 24 Carat
Aug 16, 2022 48,150 -150 52,530 -160
Aug 15, 2022 48,300 0 52,690 0
Aug 14, 2022 48,300 0 52,690 0
Aug 13, 2022 48,300 400 52,690 450
Aug 12, 2022 47,900 350 52,240 370
Aug 11, 2022 47,550 0 51,870 0
Aug 10, 2022 47,550 -550 51,870 -600
Aug 9, 2022 48,100 400 52,470 440
Aug 8, 2022 47,700 0 52,030 0
Aug 7, 2022 47,700 0 52,030 -6

Weekly & Monthly Graph of Gold Price in Chandigarh

Historical Price of Gold Rate in Chandigarh

  • Gold Price Movement in Chandigarh, July 2022
  • Gold Rates 22 Carat 24 Carat
    1 st July rate Rs.47,920 Rs.52,270
    31st July rate Rs.47,350 Rs.51,660
    Highest rate in July Rs.48,250 on July 5 Rs.52,570 on July 5
    Lowest rate in July Rs.46,150 on July 21 Rs.50,350 on July 21
    Over all performance Falling Falling
    % Change -1.19% -1.17%
  • Gold Price Movement in Chandigarh, June 2022
  • Gold Price Movement in Chandigarh, May 2022
  • Gold Price Movement in Chandigarh, April 2022
  • Gold Price Movement in Chandigarh, March 2022
  • Gold Price Movement in Chandigarh, February 2022
  • Gold Price Movement in Chandigarh, January 2022

Demand for gold in Chandigarh

The city of Chandigarh has always seen a good demand for gold. In fact, the city has seen many long term investors buyig into the precious metal on declines. Over the years investors have been gradually changing their strategy and moving from gold to gold ETFs. This is because of the various benefits of these gold ETF instruments, including easy liquidity and ability to sell quickly. If you are planning to buy gold in the city, do check the live prices of Gold in Chandigarh today before buying. Chances are that you would get a better deal and hence, you could keep buying at lower levels. In fact, we believe that every opportunity  we see of a decline of gold prices in Chandigarh, we should use it as an opportunity to buy. You can buy in small quantities to make the best use of lower prices.

What else to check before buying gold in Chandigarh?

To begin with to some extent you must keep an eye on the reputation of the jeweller. This is because you do not want to get duped when buying the precious metal. Today gold rates in Chandigarh are not at the same rates they were once upon a time. They have become horribly expensive over the last few years and we cannot afford to be lax when it come to this investment. There are various options to buy gold in Chandigarh, including the tried and tested gold coins. These include 1 grams 5 grams, 10 grams and also 50 grams. Do again go and check and buy from a jeweller, who has been your family jeweller for long.

Why gold prices in Chandigarh move?

There are many reasons how gold prices move. These days demand for gold is not a big reason for changes in gold rates. Among the bigger reasons for gold prices to move higher include interest rate and inflation. Take the simple case of interest rates. The US Federal Reserve recently raised the interest rates in the United States, which has prompted a sharp drop in gold rates across the world and gold rates in Chandigarh have also fallen. So, it is a whole host of factors that tend to move gold prices and not just a single factor in isolation.

Latest Updates on Chandigarh Gold Rates

The Yellow Metal Prices in Chandigarh Dips

Gold prices fell in Chandigarh despite stable gold markets as investors await US inflation figures.

Gold rates in Chandigarh were seen at Rs. 46,840/- for 10 grams of 22 karat gold and Rs. 51,090/- for 10 grams of 24 karat gold.

In the global scenario, spot gold has spotted at $1,716 per ounce and US gold futures at $1,728.6 per ounce.

Prices for the precious metal-stabilized at a nearly nine-month low today as investors cautiously awaited the release of US inflation data for clues on the way forward for the future. Federal Reserve monetary policy.

Analysts note that traders are teetering on the edge of their seats ahead of the US CPI release and that currency and gold investors are relatively only running when needed.

US Department of Labor Consumer Price Index (CPI) data is due out later today and is expected to have accelerated on a monthly and annual basis by 1.1% and 1.8% respectively.

Last month, the Fed took an aggressive stance to manage rising inflation rates and announced an interest rate hike of 75 basis points.

13 July 2022
The Gold Prices in chandigarh stable

22 karat and 24 karat gold prices are stable today, they remained the same as yesterday.

The price of 22 karat gold per gram is quoted at Rs. 4995 today, yesterday it was Rs. 4995. So, 100 grams of 22 karat gold today is quoted at Rs. 499500.

For 24 karat gold the rate is Rs. 5448 yesterday it was Rs. 5448. Today the price of 100 grams of 24 karat gold is quoted at Rs. 544800.

Commenting on the current trend in gold rates, analyst Todd Horwitz told Kitco News that Monday's failure should prove bullish for gold and silver. The next big things to watch are support at $1,960 for gold and $25.5 for silver. We expect both to test support at or near this area. The next move up may fail again or crash to the upside. This story has not yet been told. Additionally, the bullish US Dollar Index also dragged down gold rates today.

19 April 2022
Gold price in Chandigarh fall by up to Rs. 1000/10 gm

Gold price in Chandigarh recede lower by up to Rs. 1000/10 gm. 22K gold after slumping by Rs. 1000 in the city has been priced at Rs. 45,100 per 10gm, while 24K gold has been priced at Rs. 48700 per 10 gm, after falling Rs. 400/10gm.

Meanwhile, in the international markets spot gold after the US Fed's rate hike call in the latest US Fed meeting as well as the core PCE numbers kept the bullion under pressure. Spot gold in the US market settled at $1791.6 per ounce, below the crucial level of $1800 per oz. Furthermore, gold Future- Feb 22 settled at a subdued $1790.1. This is a sharp decline from the price at which gold price opened on Monday of $1841. The pressure on gold persists even when the dollar index and even the 10-year yield has been softening.

On technical basis, there seems that a pattern called 'death cross' is imminent.

Meanwhile, on the MCX, gold february contract on Friday settled at a price of Rs. 47,678 per 10 gm. Silver in line also slumped by Rs. 844 per kg to Rs. 61,100 per kg.

Back in the India amid high selling pressure in gold, dealers in the country are offering a higher discount of $3 per ounce as against the earlier offering of $2.5 per ounce.

There is a view that the ongoing rift between Ukraine-Russia and also turbulence in the financial markets will lend support to gold.

29 January 2022
Gold prices in Chandigarh declines

In Chandigarh, 22 and 24 Karat gold remained stable today following cues in the global market amid weak Chinese economic data.

The price of 22 karat gold per gram is quoted at Rs. 4579 today, yesterday it was Rs. 4579. So, 100 grams of 22 karat gold today is quoted at Rs. 457900.

For 24 karat gold the rate is Rs. 4869, yesterday it was Rs. 4869. Today the price of 100 grams of 24 karat gold is quoted at Rs. 486900.

The US Fed Chairman said earlier: "If inflation becomes too persistent, it will lead to much tighter monetary policy and it could lead to a recession." The employment scenario in the United States is another reason why the international gold market is reacting very positively this week. "Achieving maximum employment is the main concern of the US authorities at present. But inflationary pressure is currently having a negative impact on the employment scenario in the country. Anticipating it as a threat to the economy, prices of gold are skyrocketing.

Comex gold futures jumped 0.20% and were quoted at $1,820.1 an ounce until the last trade. The day before, Comex gold futures closed at $1816.5 an ounce. Spot gold prices were quoted at $1821.20/oz, gaining 0.12%, until the last trade. The US dollar index in the spot market stood at 95.25, jumping only 0.07%.

17 January 2022
Today gold prices in Chandigarh have fallen slightly

Gold prices in Chandigarh today have fallen slightly from yesterday's quotes. Today Saturday, the international sports market is closed. Yesterday, the Comex gold price fell 0.44% to $ 1,792.10, while the international spot gold price fell 0.41% to $ 1,787.80 / oz yesterday.

MCX Gold in October Futures was down 0.40% at 11:29 PM HIST on September 10, Friday until the market opened. Although the US dollar index, in the spot market, did not change until the last trade on Friday.

The price of 22 karat gold is Rs. 4,580 today, whereas yesterday it was Rs. 4,590 making Rs. 10 drops per gram. Thus, the gold rate of 100 grams to 22 carats is today quoted at Rs. 458,000.

For 24 karat gold, the rate is Rs. 4,850 per gram today, while yesterday the rate was Rs. 4,860 making a Rs. 10 drops per gram. Today, the price of 100 grams of 24 karat gold is listed at Rs. 485,000.

The US Fed is now concerned about the slow economic recovery in the country and indicates a late slowdown. Therefore, gold rates in the world market may rise again later this year.

11 September 2021
The Gold prices in Chandigarh plunges

Gold prices plunged in Chandigarh following signals from international markets amid a stronger dollar as the focus shifts to Powell and Yemen ahead of his congressional testimony. Gold rates in Chandigarh were spotted at Rs.44,050/- for 10 grams of 22 carats and Rs.48,050/- for 10 grams of 24 carats.

In the foreign scenario, spot gold was estimated at $ 1,734.70 an ounce; US gold futures at $ 1,729.50 an ounce.

The ornamental metal declined in bullion markets amid a strong dollar that outpaced the drop in US Treasury yields Ahead of testimony from US Federal Reserve Chairman Jerome Powell and Secretary of the Treasury, Janet Yellen.

Analysts point out that they are seeing a weak gold market on the premise, which depending on a given day will force a push or pull in any direction. A rise in the dollar amid growing hopes for an economic recovery kept the ornamental metal under pressure.

The US currency gained 0.5% against its rivals, while benchmark Treasury yields declined. A stronger dollar will increase the cost of holding non-performing bullion for other currency holders.

23 March 2021
The gold rates in Chandigarh slips

The gold rates in Chandigarh slipped today despite its climb in the international market amid Pfizer Inc said its experimental Covid-19 vaccine was over 90% effective based on the results of the initial trials.

The precious metal prices in Chandigarh were seen at Rs.49,900/- per 10 grams of 22-carat gold and Rs.53,500/- per 10 grams of 24-carat gold. Coming to the international market, the spot gold has seen at $1,881.39 per ounce and U.S gold futures have $1,878.70 per ounce.

Gold rose 1% today, after falling sharply in the last session, as attention returned to the likelihood of another monetary stimulus to revive a global economy still reeling from the Covid pandemic -19.

While the optimism of the vaccine increased the risk appetite, uncertainties continued to weigh on the impact of the increase in Covid-19 cases in the United States and Europe.

Record-breaking stimulus aid and lower interest rates helped the metal gain traction during the year. The precious metal acts as a hedge against inflation and currency degradation.

10 November 2020
Gold prices in Chandigarh reduces

Gold prices in Chandigarh reduced today following cues in international markets amid positive employment data in the United States, which has raised hope for the global economy to recover.

Gold prices in Chandigarh were recorded at Rs.54,350/- for 10 grams of 22-carat gold and Rs.57,000/- for 10 grams of 24-carat gold.

In overseas markets, spot gold was traded at $ 2,043.10 per ounce and U.S gold futures were at $ 2,028 per ounce.

America's jobs report for July had halted the growth of the yellow metal which in turn bolstered the dollar to rally, but the rampant rise in pandemic cases limited the drop in precious metal prices.

Non-farm payroll data from the United States showed an increase of 1.763 million in July from the record expansion of 4.791 million for June, beating analysts' expectations amid rising virus cases.

Gold, which serves as a safe haven, has gained more than 34% since the outbreak of the coronavirus pandemic which destroyed the global economy to the worst possible extent, creating unemployment and weighing on human life ordinary.

8 August 2020
The price of gold in Chandigarh slips

The price of gold in Chandigarh slipped today despite its fell in the world market amid a weaker dollar. On the national market, the prices of yellow metal in Chandigarh were seen trading at Rs.45,340/- for 10 grams of 22-carat gold and Rs.47,400/- for 10 grams of 24-carat gold. On the world market, spot gold rose 0.1% to $1,709.83 an ounce and U.S gold futures rose 0.2% to $1,725.20 an ounce. The dollar slipped after hitting a two-week low in the previous session as a slowdown in the spread of coronaviruses and moves toward reopening of the economies supported investor sentiment before the big central bank meeting. Asian stocks rose for a third consecutive session and oil prices surged in the hope that demand will pick up as countries seek to loosen restrictions, eyes on Fed policy statement expected later in the day. The Fed lowered interest rates, resumed bond purchases and supported the credit markets.

29 April 2020
The Gold prices in Chandigarh moves up

Gold rates in Chandigarh inched down despite gained in the overseas market amid a stronger dollar. On the domestic market, precious metal prices were trading at Rs.38,850/- for 10 grams of 22-carat gold and Rs.41,350/- for 10 grams of 24-carat gold. On the foreign market, spot gold saw its trade increase by 0.1% to reach $1,568.76 an ounce and the U.S gold futures have constant at $1,570.70. However, China's decision to cut tariffs on certain US imports which boosted global stock markets in the previous session weighed on bullion prices.

The dollar was on track for its best weekly gain since early November, amid optimistic economic indicators ahead of data on the non-farm payroll in the United States. In the United States, weekly jobless claims hit a nine-month low, with the number of Americans claiming unemployment benefits falling to 202,000 last week, while productivity rebounded in the fourth quarter.

7 February 2020

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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