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Gold Rate in Lucknow (17th October 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
Today
22 Carat Gold
Yesterday
Daily Price Change
1 gram ₹ 2,930 ₹ 2,943 ₹ -13
8 gram ₹ 23,440 ₹ 23,544 ₹ -104
10 gram ₹ 29,300 ₹ 29,430 ₹ -130
100 gram ₹ 2,93,000 ₹ 2,94,300 ₹ -1,300

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

Gram 24 Carat Gold
Today
24 Carat Gold
Yesterday
Daily Price Change
1 gram ₹ 3,196.30 ₹ 3,210.50 ₹ -14.20
8 gram ₹ 25,570.40 ₹ 25,684 ₹ -113.60
10 gram ₹ 31,963 ₹ 32,105 ₹ -142
100 gram ₹ 3,19,630 ₹ 3,21,050 ₹ -1,420

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

Date 22 Carat 24 Carat
Oct 16, 2017 ₹ 29,300 ₹ 31,963
Oct 14, 2017 ₹ 29,430 ₹ 32,105
Oct 13, 2017 ₹ 29,400 ₹ 32,070
Oct 12, 2017 ₹ 29,380 ₹ 32,050
Oct 11, 2017 ₹ 29,300 ₹ 31,963
Oct 10, 2017 ₹ 29,000 ₹ 31,636
Oct 9, 2017 ₹ 29,300 ₹ 31,963
Oct 8, 2017 ₹ 29,200 ₹ 31,855
Oct 7, 2017 ₹ 29,214 ₹ 31,869
Oct 6, 2017 ₹ 29,028 ₹ 31,666

Weekly & Monthly Graph of Gold Price in Lucknow

Historical Price of Gold Rate in Lucknow

  • Gold Price Movement in Lucknow, September 2017
  • Gold Rates 22 Carat 24 Carat
    1 st September rate Rs.28,600 Rs.31,200
    30th September rate Rs.29,650 Rs.32,340
    Highest rate in September Rs.29,650 on September 30 Rs.32,340 on September 30
    Lowest rate in September Rs.28,600 on September 1 Rs.31,200 on September 1
    Over all performance Rising Rising
    % Change +3.67% +3.65%
  • Gold Price Movement in Lucknow, August 2017
  • Gold Price Movement in Lucknow, July 2017
  • Gold Price Movement in Lucknow, June 2017
  • Gold Price Movement in Lucknow, May 2017
  • Gold Price Movement in Lucknow, April 2017

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.

What to look for when buying gold in Lucknow?

 Gold is a precious metal, and few factors have to be considered before buying gold in Lucknow. Buying jewelry has become very easy and transparent nowadays .If you are purchasing gold jewelry, you should be aware of the gold rate in your city. The gold rate differs from one city to another. First and foremost you should be aware of purity of the gold. The purest form of gold is 24 karat gold. Another consideration before buying the gold is to check the purity. The purity of gold ranges from 18c to 22c. The best way is to assure purity is to check hallmarking on the Jewellery.

Price is also another factor to consider while buying gold in Lucknow. Purity of gold is measured in karats. Gold is available in different colors nowadays such as white gold, rose gold, yellow gold, but the yellow color is the common form of the gold, and it is most preferred. Gold is manufactured in two ways: handmade and machine made ornaments. In India, gold is sold by weight. If the gold is higher in gram, it is the more expensive. The reliability of the jewelers also matters and when ever you want to buy jewelry buy it from a reputed and well-established brand to avoid any problems with the jewelry later on.

 

 

Latest Updates on Lucknow Gold Rates

Gold in Lucknow gains

Spot gold jumped 0.2 per cent and traded around $$1,293 an ounce in the global markets. Silver gained 0.3 per cent and traded at $17.10 an ounce, platinum rose 0.4 per cent and traded at $976 an ounce. After reaching sixteen and a half year high, Palladium fell by 0.1 percent to $927.72 per ounce. When compared weekly for Palladium this is third straight weekly opening in gains. The rise in the precious metals is due to the fall in the Dollar against the basket of currencies. After the Central banks meeting at the Jackson Hole euro rose, and Dollar fell. This fall has affected the MCX Gold prices as well. On MCX Gold rose by 0.37 per cent and is trading at Rs 29,274. Silver gained 0.50 per cent and is trading at Rs 39,209. This higher movement in gold rates in International Markets and on MCX may also reflect in Gold rates in Lucknow as well. Gold in Lucknow is already above Rs 28,000 mark.

28 August 2017
Gold rates in Lucknow are set to cross Rs 29,000

Gold prices in Lucknow is on an upward trend from the past few days. If we see, Gold prices in Pune moved up from Rs 27,090 to Rs 28,900. In the global markets, spot gold climbed by 0.4 per cent and was trading around $1,287 per ounce, and this bullishnesss indicates that gold price in Lucknow will cross the Rs 29,000 mark. As per the hints from the U.S. central bank's last policy meeting, there maybe no further increase in the interest rate. These tips pushed investors to go for gold. The demand pushed spot gold by 0.4 per cent, and it was trading around $1,287 per ounce. Also, gold futures in the US moved up by 0.8 per cent and was trading around $1,293 per ounce. Investors are suggested to hang on to the stocks and wait. As, the Dollar is off the track and seems it may take some time for the Dollar to come back on track.

17 August 2017
Gold in Lucknow to trade a little lower

Gold rates in Lucknow fell as the gold price in the Global markets fell due to the strong Dollar. Spot gold had dropped 0.3 per cent and was trading around $1,263 per ounce. This fall in the gold rates is due to the strong US economic data. Now the Fed is likely to trim its bond holdings next month. The investors in Lucknow is staying away from the gold as the gold prices in Lucknow is trading at very high levels from the past one week. 22 karats gold in Lucknow was trading yesterday around Rs 29,750 for 10 grams. If we see from the past two weeks gold rates in Lucknow was trading above the RS 29,000, this is due to the up in the gold prices in the International Markets. Now as the gold in the Global markets is going down it seems that the gold price Lucknow may fall and trade at levels where investors can invest in.

3 August 2017
Gold in Lucknow to trade steadily

Gold in Lucknow to trade at steady levels today. Gold in Lucknow which has crossed Rs 29,000 already is to trade steady due to the International tensions due to the Korean Ballistic Missile test. In the International, Markets gold is trading at steady levels after hitting a seven week high. Spot gold rose up by 0.1 per cent and is trading around $1,270 per ounce. After the Missle test did by the North Korea on Friday, US flew two supersonic B-1B bombers over the Korean peninsula to display the force on Sunday. This attempt had made the investors a little cautious, and the traders prefer to stick on to the gold.

If the tensions in the Global Markets continues, the gold price in Lucknow which is trading at high levels now around 29,000 mark may cross record high. For investors who are waiting for buying gold on declines may need to wait for a little long. As of now the chances of fall in the gold price is very less.

31 July 2017
Gold inches up in Lucknow

Gold in Lucknow inches up as the gold price in the Global Markets stood firm. After The Fed kept interest rates unchanged Dollar fell, and the Asian stocks rose up. After the Fed's statement, The dollar touched its weakest in in thirteen months against the major currencies, and U.S. Treasury rates increased. Republicans have accomplished in taking Obamacare repeal act to a debate on the U.S. Senate floor. With so much of political uncertainties, precious metal seems to be the best place to keep the invest at this moment. This movement in the International Markets seems to affect the gold price in Lucknow as well.

Gold price in Lucknow for 22 karats is now trading above Rs 29,000 mark, and it seems that the price may advance a little further. For 24 karats the price is trading a little below Rs 32,000 mark it seems it may cross Rs 32,000 today and trade at that levels.

27 July 2017
Gold continues to rise in Lucknow

Gold prices in Lucknow continue to climb as the Dollar continues to grow weaker. Due to the political uncertainty Dollar went down due to which Spot gold rose 0.1 per cent and is trading around $1,255 per ounce. Gold futures in U.S. for August delivery increased by 0.1 per cent and is trading around $1,256 per ounce. 22 karats gold which was trading at high levels around Rs 28,100 may continue to rise today as well.

The one who is willing to buy gold is advised to hold on as the as there are some uncertainties in the International markets. Those uncertainties are pulling the Dollar down. This fall in the Dollar price is increasing the price of gold. The levels at which the gold in Lucknow is trading is not a good price to buy. Than investing on gold investors are advised to go for equities. As we can see, NIFTY bank opened today morning at a record high.

24 July 2017
Gold price in Lucknow inches down ahead of ECB meeting

Gold price in Lucknow to trade at a low level ahead of the European Central Bank Meet. Investors waited and have been cautious heading into European Central Bank meeting. Earlier today, The Bank of Japan held policy steady but cut its inflation vision for financial years which has weakened the yen and gave support to the US Dollar. In the Global Markets, Spot gold had collapsed by 0.2 per cent and is trading at $1,238 per ounce. Investors are waiting for for the interest rate decisions from the European Central Bank and Bank Indonesia if it comes as per the investor's expectations we may not see any fluctuations in the gold price.

Other metals in International Markets dropped as well. Silver slid 0.3 per cent and is trading at $16.19 per ounce. Platinum dipped by 0.3 per cent and is trading at $915.25 per ounce. Palladium fell 0.3 per cent and is trading at $853 per ounce. There is some effect on MCX as well, Gold is down by 0.23 per cent and is trading at Rs. 28,186. It seems that this effect can be seen on the gold price in Lucknow as well.

20 July 2017
Gold price in Lucknow to drop

Gold rates in Lucknow to fall as the Asian stocks are trading firmly. The unexpected strong US data had brought some pressure on the gold price in the International Markets. The gold price in Lucknow is trading at lower levels from past few days. 22 karats Gold price in Lucknow was trading at Rs 27,500 mark per 10 grams, and it seems that the gold price may trade below that mark today. 24 karats gold price was trading at Rs 30,000 mark and is to trade below that mark.

A stronger dollar will have some effect on not only gold but also on the other metals in the International Markets. In the International markets, gold had slipped by 0.2 per cent and was trading at $1,210 per ounce. Silver declined by 0.5 per cent and is trading around $15.50 per ounce. Palladium was nearly flat at $838.45 per ounce. Platinum dropped 0.3 per cent and is trading at $901.24 per ounce. This movement of the metals in the International Markets may have an effect on the metal price in Lucknow as well.

10 July 2017
Gold prices in Lucknow drop

Gold prices in the city of Lucknow drop as the gold rates in the International Markets fell. Gold for 22 karats was trading at Rs 27810 down by Rs 110 and is now trading at Rs 27700, while gold for 24 karats has also been trading with a drop in the price.

In the international markets, we saw a dip in the gold prices today after the dollar went up from a nine-month low and Asian stocks remaining near two-year highs this has put pressure on gold. Among other precious metals, Platinum dropped by 0.4 per cent and is trading at $917.70 per ounce. Whereas as other metals such Silver and palladium rose. Silver is up by 0.3 per cent and is trading around $16.61 per ounce. Palladium gained 0.3 per cent and is trading around $844 per ounce. Investors holding on their Gold in their portfolio this June as there was no considerable increase in the gold rates past month may need to hang on their for few more days.

4 July 2017
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

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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