Jaipur is the capital of Rajasthan and one of the biggest cities in the state. The city has always seen a huge demand for gold. In fact, people from the state have always had a fascination for gold and similar ornaments. Gold rates in Jaipur have moved in tandem with global gold rates.
Gold rates in the city more or less compare with other cities around the country. However, the price is marginally higher or lower, when compared to other cities in the western parts of India, including Mumbai and Pune.
|Gram||22 Carat Gold
|22 Carat Gold
|Daily Price Change|
|1 gram||₹ 3,720||₹ 3,721||₹ -1|
|8 gram||₹ 29,760||₹ 29,768||₹ -8|
|10 gram||₹ 37,200||₹ 37,210||₹ -10|
|100 gram||₹ 3,72,000||₹ 3,72,100||₹ -100|
|Gram||24 Carat Gold
|24 Carat Gold
|Daily Price Change|
|1 gram||₹ 3,840||₹ 3,841||₹ -1|
|8 gram||₹ 30,720||₹ 30,728||₹ -8|
|10 gram||₹ 38,400||₹ 38,410||₹ -10|
|100 gram||₹ 3,84,000||₹ 3,84,100||₹ -100|
|Date||22 Carat||24 Carat|
|Oct 14, 2019||₹ 37,200 -10||₹ 38,400 -10|
|Oct 13, 2019||₹ 37,210 10||₹ 38,410 10|
|Oct 12, 2019||₹ 37,200 50||₹ 38,400 50|
|Oct 11, 2019||₹ 37,150 -300||₹ 38,350 -300|
|Oct 10, 2019||₹ 37,450 0||₹ 38,650 0|
|Oct 9, 2019||₹ 37,450 400||₹ 38,650 400|
|Oct 8, 2019||₹ 37,050 -200||₹ 38,250 -200|
|Oct 5, 2019||₹ 37,250 150||₹ 38,450 150|
|Oct 4, 2019||₹ 37,100 0||₹ 38,300 0|
|Oct 3, 2019||₹ 37,100 900||₹ 38,300 900|
|Gold Rates||22 Carat||24 Carat|
|1 st September rate||Rs.37,710||Rs.38,910|
|30th September rate||Rs.36,800||Rs.40,145|
|Highest rate in September||Rs.38,450 on September 30||Rs.40,145 on September 30|
|Lowest rate in September||Rs.36,350 on September 19||Rs.37,450 on September 19|
|Over all performance||Falling||Rising|
|Gold Rates||22 Carat||24 Carat|
|1 st August rate||Rs.33,850||Rs.34,950|
|31st August rate||Rs.37,700||Rs.38,900|
|Highest rate in August||Rs.38,300 on August 29||Rs.39,500 on August 29|
|Lowest rate in August||Rs.33,850 on August 1||Rs.34,950 on August 1|
|Over all performance||Rising||Rising|
|Gold Rates||22 Carat||24 Carat|
|1 st July rate||Rs.32,800||Rs.34,000|
|31st July rate||Rs.34,100||Rs.35,300|
|Highest rate in July||Rs.34,400 on July 4||Rs.35,600 on July 4|
|Lowest rate in July||Rs.32,800 on July 1||Rs.34,000 on July 1|
|Over all performance||Rising||Rising|
|Gold Rates||22 Carat||24 Carat|
|1 st June rate||Rs.31,450||Rs.33,450|
|30th June rate||Rs.33,200||Rs.34,400|
|Highest rate in June||Rs.33,400 on June 21||Rs.34,600 on June 21|
|Lowest rate in June||Rs.31,450 on June 1||Rs.32,950 on June 1|
|Over all performance||Rising||Rising|
|Gold Rates||22 Carat||24 Carat|
|1 st May rate||Rs.30,750||Rs.32,750|
|31st May rate||Rs.31,200||Rs.33,200|
|Highest rate in May||Rs.31,550 on May 14||Rs.33,550 on May 14|
|Lowest rate in May||Rs.30,650 on May 3||Rs.32,650 on May 3|
|Over all performance||Rising||Rising|
|Gold Rates||22 Carat||24 Carat|
|1 st April rate||Rs.31,110||Rs.32,090|
|30th April rate||Rs.31,100||Rs.33,100|
|Highest rate in April||Rs.31,200 on April 11||Rs.33,400 on April 11|
|Lowest rate in April||Rs.30,750 on April 3||Rs.31,750 on April 3|
|Over all performance||Falling||Rising|
Gold prices in Jaipur move in tandem with international prices of gold. This is because India imports all of its gold requirements, which are sourced at international prices. So, it is international prices of gold and add to that import and other duties and exchange rate fluctuation.
One important thing to note is that currency fluctuations can have a big impact on gold rates in Jaipur. For example, if the rupee is trading at 66 to the dollar and it suddenly jumps to 67 to the dollar, import of gold will become costlier.
What this means is that gold prices in Jaipur will increase.
There are various ways to buy gold in Jaipur. Among these include the more traditional methods of buying through gold coins and gold bars. There are also other ways through the electronic form. This includes through Gold Exchange Traded Funds.
There are a few advantages of buying gold in Jaipur using the Gold Exchange Traded Fund Mechanism. One is that these track the prices of gold. So, it is actually the real price of gold. The other is that since they are in electronic form, you do not have to worry about theft. Also, there are no storage charges that are applicable.
So, after checking gold rates in Jaipur, you can pick and choose from a host of gold buying options that are today available.
It is always a good idea to check gold rates in Jaipur, before you buy and sell gold.916 gold is also called 22 karats gold in jaipur. If you are looking to buy the precious metal in the city, you should look not beyond hallarked gold. there are many important places where you can buy the precious metal in the city. Now one thing that we should mention is that when you buy gold jewelry, look for the amounts that you would end-up paying along with the gems. Charges on adding precious stones can be 4 times higher, which means you are likely to pay very high sums. Go to some recognised jewelry shops that have a very rich tradition and history. As we mentioned there can be a case where you also need to check the purity of gold that you purchase. Remember, that the city is not only famous for gold, but, you can also come back with a lot of silver as well for which the city of Jaipur is famous. Gold prices may vary from jeweler to jeweler. Therefore, it is imperative to check the prices of the precious metal before buying. It also extremely important to take a look at the making charges. If you feel that the making charges are too high, you can negotiate the same. In case you feel that it still there is very little scope for negotiation, you can look at other jewelers in the city, who would offer you some discount.
Jaipur is a delightful place to shop, as the central market is adorned with a lot of shops. You can buy gold at a number of places in Jaipur. For example, the Mirza Ismail Road or M I Road as it is called is a great a place to shop for gold jewellery. Apart from this you also get a lot of readymade garments in the city. The road is very curved and boasts of some very fine ancient architectural shops. It is also a place where many tourists hang-out and is Jaipur's equivalent of Delhi's Connaught Place. However, you must remember tha before buying gold in any of the places in Jaipur you must strike a hard bargain for the best possible rates in the city. Gold prices in the city may or may not differ, but, you should do your best in terms of getting the best price for gold from your local jeweller. It also becomes imperative that you check the rates with other local jewellers in the city as well.
If you thought that the only way to buy gold in Jaipur was through the traditional 22 karats and the 24 karats gold, you are making a big mistake. Today, the city of Jaipur as Dynamic as it is, offers you a plethora of options for buying gold. Among these include the not so popular gold Exchange traded funds or ETFS. The problem in buying gold ETFs is that you should have some expertise and predict where gold prices are headed before you can venture into buying gold. But, if you have never bought into gold ETFs while residing in Jaipur, you should think twice. These are excellent gold investment options. One of the big advantages is that you do not have to worry to worry some thief would come and steal your gold jewellery. So your gold investment is safe unlike physical gold, which can always be stolen. So, look for this option to invest whenever you again. You do not have to worry about visiting the bank everyday to get your gold out of the locker.
It is always so very difficult to predict the prices of gold in India. Hence, it would also be difficult to see how gold prices in Jaipur move. If we are tring to hazard a guess on the direction and momentum of the precious metal, we should do so fundamentally. We at good returns believe that gold prices in Jaipur are headed lower and our belief is based on many factors. The first and foremost is that gold has had a solid run in 2017 and its time to move on. Interest rates in the United States is headed lower and we are almost certain that there would be at least a 50 basis points hike in the US Federal Reserve Funds rates, which should push gold prices lower. If you are looking to buy gold in Jaipur, you would have plenty of opportunities. If you get gold for 22 karats in Jaipur at around the Rs 26,000 levels, it would be a good opportunity to grab into the metal. In fact, gold has always given good returns over the longer term and there is no reason to believe why it would not in the years to come. If you are looking to buy gold in Jaipur, you can examine the various options including the popular schemes being offered by the various jewelers in the country. So, we believe that gold prices in 2018 are headed lower, while you can buy and hold for the long term.
Gold prices in Jaipur today are largely influenced by international developments, particularly how the dollar moves against the Indian rupee. When the rupee keeps dropping against the US dollar, gold prices keep going higher in Jaipur. Recently, the rupee fell from levels of 66 to 67.50, which made gold prices increase. If you are hence buying gold in Jaipur it would be a good idea to watch live gold rates. We provide you with updated gold rates. In the longer term gold has given solid returns to investors. For example, one may remember that in the early 2000s, gold prices were just about Rs 2,000. It has sense rallied to a staggering Rs 26,000. You cannot multiply money 10 times in 15 years. This makes a good bet in Jaipur. If you have the money just go for it, in the long term you will benefit from the same. Gold in Jaipur has and will always give returns if you hold the same for a few years.
Jaipur, the largest city in Rajasthan is also the Pink City of india, The demand of gold as a tradable commodity is on the high. Jaipur is home to over 3 million people and these days awareness about gold is increased in Jaipur.
Purity of Gold can be easily determined by hallmark. This is the best and easiest way to find the gold you are buying is real or not. The top and reputed jewelers in Jaipur sell hallmarked jewelery. There will be number of marks on the gold jewellery you are buying, including number of karats the ornament is, date, etc. The most important thing to remember is that you should check the gold prices in Jaipur before you you buy gold jewellery. As you can economic situations are changing dramatically these days so do check gold rates in jaipur everyday on goodreturns.in
Karats is a scale on which the purity of gold is measured. Karats gives us the detail of how much of gold is alloyed with other metal. 24 karats gold, means the gold is 99.9 per cent of pure gold. 24 karats is the purest form of gold and it cannot get purer then that.
When it comes to 22 karats the gold is not as pure as 24 karats. 22 karats means that 91.6 per cent is pure and the rest is other metal. We also have 18 karats gold. In which is only 75 per cent is gold and the rest is other metals.
Mostly coins and bars are of 24 karats and jewelry is of 22 karats. Gold is alloyed in order to make jewelry stronger, because gold is soft metal.
There are multiple ways of examining gold. Gold karats can also be determined by looking at its color. 24 karats gold generally will be very bright and alive whereas 22 karats is not so bright. As gold is mixed with various metals it changes into various colors such as rose gold, white gold etc.
Its better to have a good idea about all these things and gold rates in Vadodara before buying gold and for checking gold price in Jaipur one can visit goodreturns.in
In the Pink city of India, Jaipur, colored gold jewelry is famous which includes yellow Gold, White Gold, Rose Gold and Green Gold. As we know, Gold jewelry is not the purest form of gold and is mixed with other metals depending upon the karats of gold. These colors come with the mixture of other metal with such as silver, copper, zinc, palladium, and nickel.
Common color of gold which is yellow comes with the mixture of pure gold with silver, copper, and zinc.
White gold is a mixture of pure gold with platinum (or palladium), palladium, nickel and zinc. The specialty about white gold is that it is more durable and scratch-resistant than yellow gold.
Rose-gold or pink gold is a mixture of pure gold with copper, and silver. Rose gold comes in many other colors of gold, as to get this color gold is mixed with copper which is not so expensive.
Green gold which is also called Electrum is a mixture of pure gold with silver and copper.
Most Indviduals prefer Yellow gold, and other colors of gold such as White, Green Pink is mostly used in Wedding Rings and Ear Rings etc.
It is advisable whatever color you plan to buy its better check gold price in Jaipur before buying.
It is very Important to pay taxes on any profits you make on gold sale in Jaipur. Not paying tax is not a smart thing to do. Actually, it is foolish and ignorant.
Most Individuals who are ignorant think that tax is a burden and try to avoid it. Even they think that government is harassing them ruthlessly by charging Taxes and thinks that it will be better to be away from the tax department.
Few Individuals will be wondering where all the taxes go. The taxes we pay is for is like our investment for good things government does such as roads, police, courts, etc.
Smart, knowledged and responsible Individuals should develop a proper tax culture and they should motivate and teach the ignorants for making a good and healthy tax culture in India.
When it comes to tax on Gold one should know there are majorly two taxes and which are not applicable to everyone who is holding gold. The two taxes are one is wealth tax and the other is capital gains tax on Gold. Wealth tax is applicable to the one who is having gold which costs more than Rs 30 lakhs and Capital gains tax on those who trades with gold such as making money by selling and buying gold.
Firstly, ETF means Exchange Traded Funds. Gold ETF's are run by mutual fund houses normally. These mutual fund houses run these gold ETF's similar to any other mutual funds. They collect all the money from the investors and use that money to buy gold ETFs, which are traded in the electronic form.
In return to the Investors for their money mutual fund companies give holders units in the ETF to the investors. There are few charges for this. The companies charge for management and operating fees.
At prevailing market prices these Gold ETF units can be bought or sold on the stock exchange such as BSE (Bombay stock exchange) and NSE (National Stock Exchange). As you do it on the stock market platform you may need to pay the broker charges as well.
These charges such as management, operating or brokerage charges will not be there on physical gold but when it comes to selling or buying Gold. It is worth spending, as it will be easy, hassle-free and secured way for investor when compared to trading with physical gold. Even change in gold rates will be monitored by the stock broker. Investors will be informed and will be getting recommendations to sell and buy by the stock brokers.
Gold is one of the fastest, Safest and easiest method of taking a loan. All you need is the documents to be in place for availing a loan. But still there are few pros and cons gold which you must know before going for a loan in jaipur.
Pros of Gold Loans
When compared to any other loan, gold Loans are secured one. Due to which the interest rates for gold loans are normally low.
While taking a loan by pledging an asset, comparatively it is very easy to take a loan against gold and gold ornaments because it is a movable asset.
Gold loan is a very less time-consuming process and if one is following the gold rates in Jaipur everyday one can accurately expect how many loans they are going to get.
Cons of Gold Loans
Quality and quantity of your gold matters a lot with that if you don't have any documents which certify the quality and quantity. Almost it is impossible to avail a loan.
One of the painful things while taking a Gold loan is only 75% amount of the actual value of gold you will be getting the loan.
One cannot expect or assume gold rates will remain the same, as gold rates in Jaipur will be changing everyday due to a lot of factors. One day the gold rate in Jaipur changes due to instability of US dollar, the other day due to some monetary decisions taken by the central bank of India.
There are a lot of reasons due to which gold rates in Jaipur changes but there are few reasons which have very big impact on gold prices in Jaipur. First, is currency. The gold rates fluctuate with the fluctuations in the currency of other countries against the rupee. But in opposite direction which means as the other countries currency rates increase gold rates decrease and vice versa. Of all currencies, Dollar affects a lot on the gold rates.
Monetary decisions taken by the central bank. If the central bank takes any monetary decisions such as demonetization it took recently, there will be an affect on gold rates in Jaipur.
Above two are the major one but still there are few other factors which affects such as mining that takes place and even the overall economic and political factors. As the political risks increases there will be higher chances that gold could rally. So one cannot predict or assume gold rates. Better to check for the gold rates on top website such as goodreturns.in to know the accurate price.
In Jaipur, Gold is not only a important metal, it is much more than that. From thousands of years lot of kings, emperors and dynasties changed. Many political establishments and conquest happened, but, gold never changed. For all the conditions gold is common medium of exchange.
Individuals from Jaipur have sentimental and fanatical passion for gold, which holds true for many years. According to a survey, India is estimated to hold more than 10,000 tons of gold.
This precious metal is believed to be the symbol of purity, prosperity and good fortune. So Individuals in Jaipur made a habit of buying gold on special occasions like weddings, births, birthdays, celebrate various festivals. The custom of gifting gold in marriages is deeply ingrained in individuals of jaipur.
To the individuals in Jaipur, Gold is ultimate love object. It also acts as a good investment. So ancestral Gold Jewellery is passed from one generation to other generations.
In Jaipur, there is so much of love for gold that it will be sold as a last resort only. If there is any requirement most of the other assets will be liquidated. In the last few decades many another type of savings and investment strategies have come up but gold was the only practical form of savings.
For people in Jaipur, gold is one of essential thing in their lives. Globally India is the highest consumer of gold. India holds 30% of total gold available in India. Though there is less production but the consumption of gold is very high in India. To meet the rising consumer demand for gold in India, the country is importing tons of gold.
Gold consumption is mostly in the form of jewellery. So many individual investors in Jaipur prefer to invest in physical gold.
High consumption of gold is unproductive for the Indian economy. This brings the problem of increased current account deficit. Our government has to pay big amounts for importing of gold using foreign exchange reserves. In narrowing the current account deficit, high gold imports has become one of the biggest stress points.
Investment of gold are mostly in the form of jewellery and are saved in bank lockers. The same amount of money is invested in some start-up companies in the capital markets. If the money invested in gold is invested in capital markets it can make a huge difference to the productive capacity of Indian economy.
The are many reasons due to which gold rates in Jaipur falls. Among these include mainly few Global reasons and also few domestic reasons. They are:
1) Gold is emerging as a preferred investment in the asset class, so to take some sheen out of it government and RBI has taken some tough measures to curb gold imports in the past.
2) This precious yellow metal has an affect on its price moments in Jaipur because of higher domestic gold inventories as well.
3) As gold is considered as lucky metal in Indian tradition, so demand is never going down in rural areas. Millions of individuals in the rural area buy gold as a preferrable asset than any other asset. This demand forces the government to buy gold from foreign countries which affect the indian currency negatively.
If we see globally, neighbouring countries such as China is dumping a huge amount of gold on the market due to which the price of the precious metal is falling drastically.
Dollar-denominated commodities are becoming more costlier, for buyers using weaker currencies such as our Indian currency due to the stronger dollar value. This is pulling down or reducing gold rates in Jaipur.
Quality parameters means genuity of the gold you are buying. The quality of gold defines how branded your gold is. The first parameter that one should look for while buying gold is Hallmark. Hallmark is given by BIS (Bureau of Indian Standards). There will be chances that the gold you are buying may not be hallmarked one, so check this before buying gold. Most of the reputed jewelers in Jaipur sell Hallmarked gold.
If in any case, you have gold jewelry which is not hallmarked you can visit the nearest assaying center and get your gold hallmarked. Once your gold is hallmarked your gold become a branded one and in case you want to sell or take a loan against gold. The hallmark on your gold will make things easy. As the buyer or the one who is giving the loan will not need to check the purity of the gold you are having as it is already hallmarked.
So many people come up with a question that what is the difference between pure and impure gold? The answer for this depends on how many karats your gold is. For example, 22 karats gold should be alloyed with 7.4 percent of metal, and the remaining percentage should be gold. If the gold portion is less than 91.6 percent, then it is impure gold. There are situations in Jaipur when customers come up complaining that the gold they are having is Impure.
One more important thing to check before buying gold is gold rates in Jaipur. Gold prices in Jaipur change day to day because of various reasons. So it is as important as checking the hallmark so that you pay or get the perfect price.
When you buy 22 karats gold jewelry., the price of the jewelry differs a lot from the present gold price in Jaipur. This is because there are few charges which come into the picture when we buy gold jewelry such as making charges, wastage charges, etc. It is important to know these costs. It is advisable to know these charges from the individual jeweler and go for the one who is providing the lowest costs. For this firstly you should be aware the live gold rates in Jaipur to do the math.
The charges making and waste charges will not be same for all the jewelry. The charges will be different for different jewelry depending upon its making. These days there are many exchange offers are being provided by the jewelers. It is advisable to the individuals in Jaipur to sell their old or ancestral jewelry to make new jewelry from these reputed shops or jewelry merchants as they give offers such as zero making charges and wastage charges.
Once you try to sell jewelry and if it is not hallmarked or if there is no bill then the jewelers test this jeweler to find its purity. For testing, they melt your jewelry. It is advised to go to the jewelers who use computerized testing in which they don't melt your jewelry and will give great offers due to which you can get the satisfactory exchange for your old or ancestral jewelry.
Everyone agrees that Gold is valuable and gold is a pretty rare metal. Gold is not only a precious metal and is not only rare, but it also has many attractive properties. Gold is a good conductor of heat and electricity. It's not affected by heat, moisture, oxygen, and other corrosive agents. It's used in jewelry and other prizes. It is a chemical element and can be spotted nearly everywhere. Pure gold will be soft. Some metals added to pure gold to made alloys. If it alloys it with other metals, it can have a variety of colors. Gold is traded worldwide on a different price and quality. Buying and selling gold is much easy. We Can buy Gold with a hallmark to ensure its quality standard, and it will get according to current market rate. People have valued gold for over 3,000 years. It is the ultimate form of money. Gold prices never when the social, political, or financial climate has been in shambles in the world. Gold is highly valued, and very limited supply, it has long been used as a medium of exchange or money. Nowadays gold is used in different sectors like Gold in Electronics, Dentistry, Medicine, Aerospace, And used in Awards and Rewards, etc.
The gold rate Jaipur hit a record high today following global cues amidst trade tensions between the United States and China.
In the local market, the precious metal price in Jaipur climbed strongly to touch Rs.35,350/- per 10 grams of 22-carat gold and Rs.36,390/- per 10 grams of 24-carat gold. In the bullion market, spot gold was trading high 1.1% at $1,456.51 per ounce and U.S gold futures also inched up 0.8% to $1,468.50 an ounce.
The dollar was trading low against a basket of major currencies. Last week China stated that they will fight back against U.S. President Donald Trump’s decision to impose an additional 10% tariff on $300 billion worth of Chinese imports.
Meanwhile, From the recent economic reports, the U.S. cemented expectations that the U.S Federal will cut interest rates again in September after it delivered its first-rate cut last week.
The yellow metal price in Jaipur updated on a daily basis based on the Rupee and Dollar exchange value, price changes in the international market and seasonal demand.5 August 2019
Gold rates in Jaipur declined to Rs.30,150/- per 10 grams for 22-carat gold and Rs.32,800/- per 10 grams for 24-carat gold. In the international market, Spot gold dip 0.1 per cent to $1,273.18 per ounce and U.S gold futures also down 0.2 per cent to $1,275 an ounce. The Equities are rallied high and holding the gold rates low in the bullion market. Gold is positively correlated to oil as the yellow metal is often seen as a hedge against oil-led inflation. However, heightened geopolitical tensions between two nations the United States and Iran, with the former terminating all Iranian sanction waivers on Monday, pushed oil prices higher and also supported prices for the yellow metal. Investors are waiting for the release of the U.S. GDP data later in the week, which will provide clear indications about the strength of the world’s largest economy. The precious metal price in Jaipur depends on the bullion market, U.S. currency and equities.23 April 2019
Gold rates in Jaipur stood constant as the U.S dollar fell against a basket of other currencies. The U.S president Donald Trump said that he would hold up an increase in U.S. tariffs on Chinese goods until this week. Jaipur is also known as Pink city. The heavy prices of the yellow metal have led to the prices to remain flat in the Pink City. Today the prices of gold in Jaipur were trading at Rs.32,660 per 10 grams for 22 carats gold and Rs.35,660 per 10 grams for 24 carats gold.26 February 2019
Cues from the international market led to an increase in the gold prices in Jaipur. This was largely on account geopolitical tensions like North Korea, which refuses to die down. The thing is North Korea is planning to test a long range missile again, prompting a fall in the dollar value. If the dollar value falls, the yellow metal will rise and vice versa. Gold rates in Jaipur has moved in tandem with international gold price because India imports gold from other countries . There are different ways to buy the gold and one is the old method of buying gold in the form of ornaments and rings, and another way is that of buying the gold in electronic form. Spot gold price in Jaipur local gold shops was up to 0.5 percent at Rs.29,300 per 10 grams.9 October 2017
The dollar edged higher against a basket of peers on Thursday, after data shed more positive light on the U.S. economy. Therefore prices of gold, inched higher and have seen slight changes in the global market. If the dollar strengthens the value of gold automatically, tends to fall. Gold rates in Jaipur tend to move in tandem with the fluctuations seen from past three months. People in Jaipur consume a large amount of gold both as an asset and as an investment. Gold price in Jaipur in the last three months from the beginning of July 1st at Rs 27,800 to Rs 29,010 at the end of Sept. Gold prices have moved in sync with global cues, especially the Dollar inching higher. Spot gold in the international markets is nearly unchanged compared to Wednesday at dollar 1274 per ounce. In the futures market, gold future for December delivery was flat at dollar 1,276 per ounce.5 October 2017
After beating a 7-week low in the previous session, the dollar pulled back from one high against a basket of currencies. This led to gold rates in the international market gaining some momentum after a sliht drop in the dollar. In the Indian market gold trading on the MCX gained by as much as Rs 45. Gold rates in Jaipur from the past four weeks have traded in a small band range from Rs 28,600 seen on Sept 1 to Rs 29,010 as at end of the Sept. Spot gold in Jaipur in the month of October has risen 0.3 percent to dollar 1,275 an ounce, and US gold futures for December delivery was also up 0.3 percent at dollar 1,278 per ounce.4 October 2017
Trends from the international market suggested that gold price in Jaipur is likely to open level at a slightly higher. The rates in the MCX showed a slightly larger opening of Rs 18.
Jaipur is the capital city of the state of Rajasthan and the tenth-most populous city in India. Owing to its population and rich historical heritage, people of Jaipur consume a good amount of gold both as an asset and as an investment. According to the global situations, there were hawkish comments from U.S. Federal Reserve Chair Janet Yellen, on interest rates, which saw some selling strength in gold. Interest rates in the United States and gold are indirectly related. However, the North Korea Issue would keep gold prices higher in the next couple of days. From the past two weeks, gold price in global market moved in the narrow band from Rs 28,300 to Rs 28,800. There are lots of reasons which is impacting gold rates in Jaipur. Spot gold rose 0.1 percent to dollar 1,294 an ounce, and US futures for December delivery saw gold fall 0.35 percent to dollar 1,297 an ounce.27 September 2017
Gold in Jaipur to gained as the gold in the International Markets reached a nine and a half month high. Spot gold climbed 0.5 per cent and was trading around $1,316 an ounce. Gold futures in the US for December delivery rose 0.5 per cent and traded around $1,322 per ounce. This up in the Dollar is due to North Korean missile launch that flew over the Japan. This missile launch had a major effect on the gold and the Markets. The US and Asian Markets fell today after this happened. In Indian markets Sensex fell by more than 200 points and the Nifty went below 9850. This fall in the markets had pushed investors to pull their money from stocks and keep it on the precious metal. Not only Indian markets but also the DOW futures opened below one hundred points today. It seems due to the up in the gold prices globally and falls in International stock markets may push the gold in Jaipur up.29 August 2017
Gold price in Jaipur is set to cross Rs 28,500 today as gold in the global markets traded at good levels today. Gold hit six weeks high after the Fed announced that it is going to keep the interest rate unchanged in its two days f=Fed meeting. Not only gold all the other metals excluding Silver and Platinum also saw some gains. Spot gold advanced 0.2 per cent and traded around $1,260 per ounce. Palladium rose up by 1.05 per cent and traded at $874.60 an ounce. Whereas, silver slipped by 0.05 per cent and was trading at $16.612 per ounce and Platinum is down by 0.12 per cent and was trading at $927.90.
On MCX Gold and silver fell today. Gold is down by 0.16 per cent and was trading at Rs 28,430 and Silver dropped by 0.23 and was trading at Rs 38,176. Gold price in the Jaipur seems to trade steady today as the metal price on the MCX fell, and the Gold in the Global Markets rose.28 July 2017
Gold price in Jaipur is to fall today as the gold in the International Markets fell. Spot gold slipped 0.2 per cent and is trading around $1,252 per ounce and the gold futures in the US for August delivery declined by 0.1 per cent and was trading around $1,253 per ounce. If we see, the gold price in the Jaipur was trading at RS 29,350. The gold price was on an upward trend from past ten days. Due to the political uncertainties in the US and other various reasons such as ECB chief Mario Draghi's comments and up in the other major currencies pulled Dollar down.
Now ahead of the U.S. Federal Reserve monetary policy meeting Dollar was trading firmly and brought some stress on the gold price in the Global Markets. There is a chance that the fall in the gold price in the International markets can be seen in the gold price in Jaipur as well.25 July 2017
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