Gold Rate in Pune
Today 24 Carat Gold Price per gram in Pune (INR)
|Gram||24 Carat Gold Yesterday||24 Carat Gold Today||Daily Price Change|
|1 Gram||Rs 2936.00||Rs 2967.00|
|8 Gram||Rs 23488||Rs 23736|
|10 Gram||Rs 29360||Rs 29670|
|100 Gram||Rs 293600||Rs 296700|
Last Update on 18th Aug 2017
Today 22 Carat Gold Price per gram in Pune (INR)
|Gram||22 Carat Gold Yesterday||22 Carat Gold Today||Daily Price Change|
|1 Gram||Rs 2748.00||Rs 2779.00|
|8 Gram||Rs 21984||Rs 22232|
|10 Gram||Rs 27480||Rs 27790|
|100 Gram||Rs 274800||Rs 277900|
Gold Rate in Pune
When it comes to metals, gold is, in general, the preferred commodity for people. The price of gold in Pune depends on various factors - the rise and fall of the commodity in international market, the exchange rate of rupee, and the surge and fall in the demand. Since there are no gold mines in Pune, the exporting factor is included in the fixation of price leading the gold price in Pune to be comparatively higher.
The latest gold rate in Pune rose highest in the country during the first week of March, fluctuated considerably in the second week, and contrary to the national trends, found stability in the third week of the month. There’s a good demand for gold in Pune and the rising rates have never really been a deterrence factor for people, as they tend to invest more in gold due to the excellent returns and reliability in its value as compared to other investments.
Gold Rate in Pune for Last 10 Days
|18 August 2017||Rs. 2779.00||Rs. 27790||Rs. 2967.00||Rs. 29670|
|17 August 2017||Rs. 2748.00||Rs. 27480||Rs. 2936.00||Rs. 29360|
|16 August 2017||Rs. 2771.00||Rs. 27710||Rs. 2959.00||Rs. 29590|
|15 August 2017||Rs. 2771.00||Rs. 27710||Rs. 2959.00||Rs. 29590|
|14 August 2017||Rs. 2783.00||Rs. 27830||Rs. 2971.00||Rs. 29710|
|13 August 2017||Rs. 2783.00||Rs. 27830||Rs. 2971.00||Rs. 29710|
|12 August 2017||Rs. 2784.00||Rs. 27840||Rs. 2972.00||Rs. 29720|
|11 August 2017||Rs. 2756.00||Rs. 27560||Rs. 2944.00||Rs. 29440|
|10 August 2017||Rs. 2727.00||Rs. 27270||Rs. 2915.00||Rs. 29150|
Pune Gold Rate Trend in Last 3 Month
Gold Rate in Pune
Pune has become an important development center in Maharashtra. Education and technology are the city main core industries. With an educated and wealthy population, Pune has lots of reliable investment opportunities.
The safest form of asset, gold is found easily in the city. But since there are no mine or ports nearby, Pune gold rate is a little more expensive than general.
Gold can be found in 22 and 24 Karat, where the purity determines the gold price. The 22 Karat is approximately 92% pure, and the 24 Karat gold (a.k.a. 916 Hallmarked) has almost 100% of purity.
Gold Price Movement in Pune
Gold price in Pune has been volatile in the past two months. Uncertainty regarding the Indian Union Budget kept gold demand oscillating. Also, the global reaction to President Trump made the prices unstable.
By the end of February, prices were climbing fast. On March 2017, the rates in Pune were the highest in the country. The current gold rate in Pune is now dipping, closing below previous prices.
Trading Gold in Pune
Pune has jewelry shops spread out all over the city. There it’s possible to buy and sell gold, with a small commission for the shop.
Also, there’s the gold futures market. You can bet on the gold price, using contracts that will expire on a future date. Although risky, futures are a good way to start in the gold business.
What to Expect
The outlook is favorable for long-term gold investors. For the occasional buyer, it is more interesting to wait. International gold prices are expected to drop in this year.
Here you can analyze today’s gold price in Pune, and better design your portfolio:
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