Vijayawada is among the top cities in Andhra Pradesh and is an important destination to buy and sell gold in the state. Jewellers in the city offer some of the best patters and designs across India.
|Gram||22 Carat Gold
|22 Carat Gold
|Daily Price Change|
|1 gram||₹ 3,603||₹ 3,586||₹ 17|
|8 gram||₹ 28,824||₹ 28,688||₹ 136|
|10 gram||₹ 36,030||₹ 35,860||₹ 170|
|100 gram||₹ 3,60,300||₹ 3,58,600||₹ 1,700|
|Gram||24 Carat Gold
|24 Carat Gold
|Daily Price Change|
|1 gram||₹ 3,929||₹ 3,911||₹ 18|
|8 gram||₹ 31,432||₹ 31,288||₹ 144|
|10 gram||₹ 39,290||₹ 39,110||₹ 180|
|100 gram||₹ 3,92,900||₹ 3,91,100||₹ 1,800|
|Date||22 Carat||24 Carat|
|Sep 21, 2019||₹ 36,030 170||₹ 39,290 180|
|Sep 20, 2019||₹ 35,860 70||₹ 39,110 70|
|Sep 19, 2019||₹ 35,790 -320||₹ 39,040 -320|
|Sep 18, 2019||₹ 36,110 -140||₹ 39,360 -140|
|Sep 17, 2019||₹ 36,250 -10||₹ 39,500 -10|
|Sep 16, 2019||₹ 36,260 410||₹ 39,510 410|
|Sep 15, 2019||₹ 35,850 10||₹ 39,100 10|
|Sep 14, 2019||₹ 35,840 -230||₹ 39,090 -310|
|Sep 13, 2019||₹ 36,070 -110||₹ 39,400 -100|
|Sep 12, 2019||₹ 36,180 -160||₹ 39,500 -160|
|Gold Rates||22 Carat||24 Carat|
|1 st August rate||Rs.33,150||Rs.36,160|
|31st August rate||Rs.36,910||Rs.40,260|
|Highest rate in August||Rs.37,180 on August 26||Rs.40,560 on August 26|
|Lowest rate in August||Rs.33,150 on August 1||Rs.36,160 on August 1|
|Over all performance||Rising||Rising|
|Gold Rates||22 Carat||24 Carat|
|1 st July rate||Rs.32,520||Rs.35,470|
|31st July rate||Rs.33,380||Rs.36,590|
|Highest rate in July||Rs.33,690 on July 19||Rs.36,660 on July 19|
|Lowest rate in July||Rs.32,140 on July 2||Rs.35,090 on July 2|
|Over all performance||Rising||Rising|
|Gold Rates||22 Carat||24 Carat|
|1 st June rate||Rs.30,790||Rs.33,580|
|30th June rate||Rs.32,520||Rs.35,470|
|Highest rate in June||Rs.33,080 on June 25||Rs.36,080 on June 25|
|Lowest rate in June||Rs.30,760 on June 11||Rs.33,000 on June 11|
|Over all performance||Rising||Rising|
|Gold Rates||22 Carat||24 Carat|
|1 st May rate||Rs.30,120||Rs.32,870|
|31st May rate||Rs.30,540||Rs.33,290|
|Highest rate in May||Rs.30,910 on May 14||Rs.33,660 on May 14|
|Lowest rate in May||Rs.30,000 on May 10||Rs.32,160 on May 10|
|Over all performance||Rising||Rising|
|Gold Rates||22 Carat||24 Carat|
|1 st April rate||Rs.30,370||Rs.33,250|
|30th April rate||Rs.30,420||Rs.33,170|
|Highest rate in April||Rs.30,560 on April 9||Rs.33,320 on April 9|
|Lowest rate in April||Rs.30,100 on April 19||Rs.32,780 on April 19|
|Over all performance||Rising||Falling|
|Gold Rates||22 Carat||24 Carat|
|1 st March rate||Rs.31,480||Rs.33,700|
|31st March rate||Rs.30,430||Rs.33,310|
|Highest rate in March||Rs.31,480 on March 1||Rs.33,700 on March 1|
|Lowest rate in March||Rs.30,180 on March 12||Rs.32,630 on March 12|
|Over all performance||Falling||Falling|
There are a number of places where you can buy gold jewellery in Vijayawada. For example, the popular Malabar Gold has outlets in the city of Vijayawada. Another home grown place for buying the precious metal in the city is Anjaney Jewellery. This goldsmith has almost three decades of existence in Vijayawada and has carved a good niche for itself with service.
There are also the popular chains in the city like Tanishq, which is located at MG Road and also Khazana Jewellery, which is similarly located at MG Road. There are many others shops that are more localized and have been doing business for many decades now. However, that should not be the only consideration for buy gold. Look at various other aspects before getting into buying gold that includes price and service.
If you are looking to buy, you should buy the 916 hallmarked gold in Vijayawada.This is because it is 22 karats gold and has 91.6 per cent purity. You cannot buy gold jewellery with 24 karats because gold has to be mixed with other allloys, before converting to jewellery. This is because pure gold is brittle and it cannot be converted into jewellery. It is a good idea to hence buy gold and gold jewellery in the 916 form in Vijayawada. However, you should make sure that you have checked for purity and buy the same only from hallmarked gold jewellers in the city. You run the risk of otherwise ending up wth impure gold which is another worry. All in all, you need to be a little careful before making these purchases. Remember that when you are buying only go for the hallmarked gold in India, as these would help you ensure the purity of gold that you are buying.
It is imperative that you check live 22 Karat gold rates in Vijayawada, before you venture into buying the same. This is because, you can otherwise end up making losses. Normally, what does also happen is that gold prices do not change in any particular city. However, there could always be some variations.
Another thing to remember when buying 22 karats gold in Vijayawada apart from gold prices is the making charges. Here again the variations could mean a lot. For example, making charges for gold could vary from 5 per cent upwards. Let us assume that you are buying 10 grams gold in Vijayawada. Even if there is a Rs 100 price difference you could end-up losing as much as Rupees.
The first thing you must be looking for while buying gold jewellery is for the markings. The first marking you should be looking for is the hallmark then the purity stamp such as 10K, 14K, 18K, 22K which explains how many karats the gold is. In Vijayawada most of the jewelers sell hallmarked jewellery, but its better to go for a reputed one and to check gold rate in Vijayawada before going to buy. Its better to go for gold coins than jewellery if you are buying gold as an investment. As there is a change of increase of gold price in Vijayawada it is better to buy before the prices are increased.
Gold is best weapon to fight inflation. So it is advisable for investors in Vijayawada to invest in gold. As gold has already proved that it is perfect hedge against inflation. As the inflation is increasing year by year around 5-7 %, you can get similar returns from gold. The demand for gold and gold ornaments is also increasing these days, while genuine supply constraints for gold has pushed prices higher. So holding on to gold for a long time will give you great profits. It is not advisable to put all your money in gold its better to go invest a part of it. Even the poltical tensions affects the price of gold in vijayawada. So, if you are an investor of gold in turbulent times you can make money.
The main reason for movement of gold is movement in international markets, excise duty, import duties exchange rate conversion and etc. and the factor which affects immensely is other countries currency specially US Dollar. As the US dollar goes weaker gold rates in Vijayawada as well as India grows stronger. As of now as the US dollar has grown stronger we can see the decline in price of gold in Vijayawada and India. You can view the complete movement of gold rates in Vijayawada in goodreturns gold price Vijayawada. If you are looking to buy gold in Vijayawada, the best way would be to accumulate the metal every time there is a sizeable downslide. At the moment. we are not seeing anything of that happening and there is a possibility that gold may not drift below the Rs 26,000 mark in the coming days. So, if you are a buyer of the precious metal, it makes sense to buy when the levels reach around Rs 25,900 or so. Whether that would happen is a big question mark. Some investors have been waiting for over one year for the dip to happen, but that has not materialized. In fact, now they are looking at fresh prices of around Rs 27,000 to buy. It makes sense to check the live prices of gold in Vijayawada if you want to buy into the precious metal. The movement of gold this year has been exceedingly volatile and we do not anticpate that the metal prices would fall any time soon. Also a lot depends on tgghe policies that new US President Donald Trump would follow, going forward for gold prices in Vijayawada to recover anytime soon. Expect prices of the metal to hover around the Rs 27,000 mark in the near future.
There are mainly 4 ways that gold is used in Vijayawada and India they are in jewellery, gold coins or bars, in electronics and aerospace.
In gold, about 78 per cent of gold consumed each year is made into Jewellery and is the most common way that gold reaches a customer. Gold coins or bars are one of the most common ways to hold or invest in gold is in gold coins, gold bars.
Gold is a very efficient conductor that it can carry tiny electrical charges, and because of this property a small amount can be found in almost all electronic devices, including cell phones, televisions, GPS units and more.
In Aerospace Gold is used to coat the insides of space vehicles to protect people inside from infrared radiation, It is also used to lubricate mechanical parts and to conduct electricity.
In 2014, after Andhra and telengana got divided Vijayawada become commercial hub of Andhra pradesh. There is a great demand of gold in vijayawada specially coins and bars. Even the residents of Vijayawada consider gold as a traditional investment. During festivals such as dusserha and diwali individuals buy gold. zs a traditional investment. Even gold jewellery is preferred as a wedding gift.
After division and other political situations while the real estate is fluctuating, invetsors start investing in gold more as as a refuge in difficult times. By knowing the fact that such factors dose not effect gold prices as gold rates will not change with such factors.
There are investors who prefer to invest in gold ETF’s as there will be no storage hassle, as the gold will be in electronic form and it will be a safe and easy investment option. By taking such safe moves and by following up gold rates in Vijayawada it will be a good profitable way of investing.
For Investment purposes buying gold physically in form gold coins, gold bars or jewellery is better.
Pure gold is a very dense and very malleable metal. The gold purest form is too soft metal on its own and for hardening, it must be alloyed with the elements such as copper, silver, nickel, palladium and zinc.
For the better understanding of why gold is alloyed, you can try the following experiment where If you beat a small piece of iron and a piece of gold with a hammer, you'll have to beat it very hard to flatten an iron piece where as for flattening the piece of gold can be done very easily.
Gold is alloyed with Copper and silver which have about half of the density of gold and for beating them into sheets, it needs more force and strength. By which gold becomes stronger and that's the reason goldsmiths and jewellers add silver and copper to gold when making jewellery. The method jeweller or goldsmiths use to alloy gold and copper is they melt both the metals together, which can then be beaten, drawn or twisted into various shapes patterns.
Gold jewellery is measured in karats. purest (99%) gold is 24 karats which are used for making gold biscuits and coins. for making of jewellery 22 carats (91% gold) and 18 carats (75% gold) is used.
Investors in Vijayawada who invest in gold can go for ETF's than investing in physical form of gold. There are a lot of benefits buying ETF's in Vijayawada here are few.
Gold ETFs provide a possibility to investors to stack away gold over a given period of time. Since Gold ETF's can be purchased in small quantities, one can plan the acquisition as per future requirements.
In gold ETF's there is no risk of theft and one doesn't need to worry about the storage cost as this will be in electronic form. whereas for the physical gold, one ends up paying extra for making and other charges as well, but there are no extra charges applicable for the gold ETFs. One can exchange them in multiples of Kilograms units of 0.995 purity when needed.
For gold coins and bars most jewelers offer only an exchange and not a buyback whereas gold ETFs can be sold across India for transparent prices. Check goldrates in Vijayawada on goodreturns for the accurate price.
In terms of taxation benefits, gold ETFs are way ahead of the physical gold. No sales tax, VAT or securities transaction tax is applicable on gold ETFs.
Before buying gold in Vijayawada you must ask the jeweler few very important questions
Is this BIS hallmarked gold?
In India, there are more than 13,000 BIS-hallmarked jewelry showrooms and 300 BIS recognised hallmarking centers, But there so many jewelers who do not sell hallmarked jewelry. In exchange for not BIS mark then will give you they will offer discounts. individuals who get tempted to these will end up in loss. As you will not get the price you bought the gold for or the market price as the jewellery is not hallmarked.
What are the buyback terms?
Check and see did the jeweler is willing to offer you any buy back terms like if you were to return the gold jewellery in future for cash or an exchange it for a more contemporary design.
if there is an exchange and buy-back period and policy and if you are aware of it. This will ensure that you can return or exchange the jewelry. In case you are having any issue.
By asking bill you are contributing towards ensured and more transparent gold market in the country. You might have to pay value-added tax and share your PAN details too with the jeweler for a purchase of jewellery more than Rs 50,000. But a bill has every important detail of the purchase which goes a long way towards ensuring transparency and providing you with assurance. Bill is something you can turn to, in case you need to approach a consumer court too.
Vijayawada, the city on the banks of the Krishna River changes sees volatile rate for the precious metal. Gold prices in Vijayawada depend completely on economic conditions globally. For the one in Vijayawada who are interested in investing on gold in Vijayawada must know and understand these things to gain profits or else end up losing money.
The first and most the important element which affects gold rates in Vijayawada is movement in the value of dollar U.S. Dollar. The price of gold in Vijayawada moves with the U.S. Dollar but in the opposite direction which means if the dollar rate is up gold rate in Vijayawada goes down and if the U.S.Dollar is down then the gold prices will go up.
Other currencies such as euro, Japanese Yen and a basket of otehr currencies will also affect the gold price in Vijayawada but not as much as the U.S.Dollar affects.
The other major factor is decisions taken by the central bank of India which is Reserve Bank of India for us. With the decisions of reserve bank, gold rates in Vijayawada will be affected. Because of monetary strategies or any other bank disappointment, there will be a fluctuation in gold rates in Vijayawada.
In Vijayawada people, have a liking for Gold and there are individuals who make money from gold as an investment.
There are individuals who buy gold as a saving because on gold they can get a loan on gold very easily. Actually gold is an instant, safe and secured for opting a loan. There are Banks as well as nonbanking financial companies (NBFC) from which you can get a gold loan from.
Out of all the all the banks and NBFC's, Mannapuram Gold and Muthoot Finance stand top for opting gold loan in Vijayawada. These are the popular gold loan companies that you can approach is for a gold loan in Vijayawada. These two companies offer good interest rates and other offers due to which these two gold loan companies are preferred by people of Vijayawada. to take a gold loan. But still it will be safer option to opt a gold loan from nationalized bank.
The things you should be looking or comparing should be processing charges, loan tenure, prepayment charges processing time etc. But more important one has to check Gold rates in Vijayawada before opting a loan from a website which gives accurate gold price in Vijayawada such as goodreturns.in
The purity of gold is measured on the scale of karats, which varies from 24 karats to 9 karats, where 24 karats is the purest form.
In 24 karats means the purest form of gold and 24 karats of gold is used mostly in making gold bars coins etc. When it comes to jewelry 24 karats is not preferable.
22 karats gold means 91.6 percent of gold is alloyed with any metal other metal such as copper, zinc etc., depending upon the requirement. 22 karats gold jewelry is famously known as 916 gold jewelry.
In 18 Karats 75 per cent of gold is alloyed with any other metal then its is called 18 karats gold. In a similar way when 58.30 percent of gold is alloyed with other metal then its is called 14 karats gold. When 41.7 gold is alloyed with other metal then it is called 10 karats gold and when 37.5 per cent of gold is mixed with other metal then it is called 9 karats gold.
The tradition of alloying Gold with other metal started majorly because of these two reasons: One is gold is a soft metal and to make it hard while making jewelry it is alloyed with other metals and the other major reason is when mixed with these metals gold color changes. To make some fancy jewellery, jewellers alloy gold with other metals. Remember, it is important to compare the prices with your local jeweller so that you get the best deal in town.
Vijayawada, a city on the banks of the Krishna River have a different local tariff for gold. Not only Vijayawada every different city have a different local tariff for gold. There are few assumptions that gold rates in Vijayawada are fixed in ports cities such as Mumbai, Chennai, and Kolkata which is not true.
In every city to fix gold rates, there will be a committee or association. Even in Vijayawada, there is a committee. These associations or committee fix the gold rates in Vijayawada everyday.
The members of the gold association in Vijayawada are the top jewelers in the city and other officials. They set gold rates in Vijayawada every day which is daily updated on goodreturns.in
There are many parameters which are considered to fix gold rates in Vijayawada. The associations in every other city set gold rates by considering those parameters. Parameters such as few duties and local tariffs and etc.
Sometimes these tariffs and duties are raised by the government at that time there will be chances the gold in Vijayawada will go higher and vice versa. If we see the past history of these tariffs, In order to curb excessive consumption of gold government raised the duties on it.
Gold rates in Vijayawada also increase due to few other duties such as transportation. Some local tariffs also affect gold prices. Yes, there will be a change in gold rates from city to city. So it is better to check gold rates in the specfic city before buying.
Gold is more valuable than other metals with a similar rarity because it has been used for jewelry and a store of value for thousands of years. Because of this it is one of the first metals used for these purposes, there was a first mover advantage for the metal. Gold is found in all regions of the world. In ancient and medieval times, most civilizations valued gold. It is easily traded. Gold is workable and shaping the metal into different shapes is easy. Gold is also identifiable and its color and density are unique. The jewelry and coins are made up of the gold, and it is easy to handle.
Gold can use to keep as an investment in stocks. The most valuable aspect of gold though is the fact that it is the perfect thing to be used as money because as we see paper money just doesn't work. Except for the last 40 years, gold has been used as money throughout history.
Vijayawada gold prices today depend on a number of factors and one of those factors is the buying of gold by central banks across the world.
For example, the Indian Centra Bank which is Reserve Bank of India has also had a lot of gold reserves and has been accumulating the same in the past.
However, the situation is not same across the globe. In fact, according to statistics central banks across the world bought 271 tons in the first 11 months of 2016 whereas in 2015 brought 407 tons in the same period. Gold used to have a lot of support from central banks across the globe in the past, Due to which central bought a tremendous amount of gold. This affects today gold rates in Vijayawada.
Another most important factor affecting today gold rates in Vijayawada is gold is being used in electronic appliances a lot so the demand for gold is increasing tremendously day by day. Electronic appliances such as mobile phones circuits are being designed using gold these days. The reason behind doing so is the noble nature of gold. Gold don't corrode because of this nature to increase the durability gold is being used in electronic appliances. This is also one of the major factor affecting today gold rates in Vijayawada.
In Vijayawada there are two taxes on gold which one needs to pay if they are in that tax slab. Those two taxes are one is capital gains tax and the other is the wealth tax.
These taxes are not only for the individuals who owns gold in Vijayawada. These taxes are applicable for every individual in India who holds gold within the tax slab.
First taking capital gains tax into consideration. Capital gains is the tax which one has to pay if they are trading with gold. In this, the tax liability changes for short term and long term. If you are holding gold for the long term, then there will be different taxes, and if you are holding for short term, there will be different tax slab If you are trader and trade with gold. It is better to check the tax slab and check into which you come under and pay as per the norms.
Then taking wealth tax into consideration this tax slab is not for applicable everyone. This tax applicable for those who are holding or own gold which costs more than thirty Lakhs. To know whether you are subjected to pay this tax or not first thing you must be doing is check gold rates in Vijayawada on that specific day and calculate do you have gold worth thirty lakshs. If yes it is better to pay the taxes. If no then no need to pay any tax as the gold rates in Vijayawada will be changing every day. It is better to check every day.
One crucial thing to remember is the tax liability will be the same, whether you are having or trading with gold in the electronic form or physical form.
The gold prices in Vijayawada gained a little bit today despite its fall in the global market amidst uncertainties in the trade talks between U.S-China.
The precious metal prices in Vijayawada were moving up continuously, now the prices were trading at Rs.36,910/- per 10 grams of 22-carat gold and Rs.40,280/- per 10 grams of 24-carat gold. in the bullion market, spot gold has low 0.1% at $1,540.40 per ounce and U.S gold futures have dipped 0.1% at $1,550.50 an ounce. The dollar has steadied against a basket of six major traded currencies. Gold advanced more than 1% in the previous session but it's fell little bit today as a reversal of the U.S yield curve and disappointing economic data revived fears of an impending recession. In the local market, the yellow metal prices were fluctuating due to the huge demand ahead of the upcoming festival.28 August 2019
The gold rate in Vijayawada climbed a little bit despite pulled back in the international market amidst a weak dollar. In the bullion market, the gold rate in Vijayawada was seen trading Rs.33,350/- per 10 grams of 22-carat gold and Rs.36,320/- per 10 grams of 24-carat gold. In the overseas market, Spot gold was down 0.3% at $1,422.40 per ounce and U.S gold futures also lower 0.1% to $1,421.90 an ounce. The U.S dollar was trading low against a basket of six major traded currencies and it is pulled back the metal price low in the global market. Earlier in this week, U.S. President Donald Trump kept up the pressure on Beijing with a threat to put tariffs on another $325 billion of Chinese goods. Meanwhile, the U.S Federal Reserve is widely expected to lower interest rates by 25 basis points at its policy meeting at the end of the month.
In Vijayawada, the gold rate is highly dynamic and it depends on the strength of the U.S dollar and seasonal demand in the country.
The gold rates in Vijayawada rose today following global cues amidst trade war between two big nations United States and China. The precious metal price in Vijayawada was seen trading at Rs.31,160/- per 10 grams of 22-carat gold and Rs.33,060/- per 10 grams of 24-carat gold. Spot gold has gained by 0.5% to $1,333.06 per ounce and U.S gold futures also rose up by 0.4% at $1,336.60 an ounce. U.S. President Donald Trump supported the use of tariffs as part of his trade strategy while China vowed a tough response if Washington insists on escalating trade tensions amidst ongoing negotiations. Gold remains bid as the main dispute between the U.S. and China remains unresolved. If there is no trade meeting between two leaders at the G20 meeting, the metal will rise as investors will be on the lookout for a safe haven. The precious metal prices in Vijayawada are decided by some local jewellery shops association.12 June 2019
The Gold rates in Vijayawada rose up in line with global trends despite rise in the bullion market amidst weak global growth. The gold rates in Vijayawada were recorded at Rs.30,420/- per 10 grams for 22-carat gold and at Rs.33,160/- per 10 grams for 24-carat gold. This the highest yellow metal price spotted in this month. In the international market, the spot gold prices were up by 0.4 percent at $1,281.69 per ounce and U.S. gold futures also edged up by 0.3 percent to $1,283.80 an ounce. Weak economic data indicates that the countries may have to undertake monetary easing measures, so that is a boost to gold prices. Data on Thursday showed new orders for U.S.-made capital goods increased by the most in eight months in March, hitting their highest level on record. Some market investors are looking to switch out of equity markets into the safe-haven asset class. Due to local demand in India, the metal prices have capped high in major cities.26 April 2019
Gold rates in Vijayawada gained slightly following global trends amidst the weak dollar. Today the yellow metal was trading at Rs.30,620/- per 10 grams for 22-carat gold and Rs.33,420 per 10 grams for 24-carat gold. Spot gold rose by 0.3 per cent to touch $1,318.36 per ounce and U.S gold futures gained by 1.3 per cent to settle at $1,318.50 an ounce. The dollar fell down and U.S. Treasuries rallied after Fed's decision. The U.S federal reserve ruled out chances of any interest rate hikes this year, while a surprise cut in the U.S growth forecast added to concerns on global economic slowdown. UK Prime Minister Teresa May made an appeal to British lawmakers to support her after the European Union stated that it could only grant request to delay Brexit for three months if British Parliament backs her plans for leaving.21 March 2019
The prices of gold in Vijayawada rose amid rallying of the yellow metals price in the global markets amid fall in stock markets. The gold rates in Vijayawada were recorded at Rs 3,021 per gram for 22 karats and at Rs 3,170 per gram for 24 karats.
The gold rates in the global market rallied up to hit a six month high and spot gold was seen at $ 1,287 per ounce and U.S. gold futures were at $1,286.70 per ounce.
The beginning of 2019 witnessed a drastic fall in stock prices in the global market followed by a dip in global crude rates amid a slowdown of global economic growth. The investors are now keen to safeguard their investments and hence gold is gaining an edge at the current situation. Any kind of global and geopolitical uncertainties helps the yellow metal to gain an edge over stocks.
In India, the strengthening of domestic rupee against the dollar and fall in equities markets helped the gold rates to march up despite dampened demand in the local market.2 January 2019
Gold prices across the globe gained, pushing todays gold rates in Vijayawada even higher. Jewellers like Kalyan Jewellers in Vijayawada quoted higher rates for 22 karats gold as compared to the previous days.
In the last fortnight or so, we have seen sustained increase in the price of gold that has been traded in the city.
Vijayawada gold rates, which were trading at Rs 28,860 about a fortnight ago on Feb 24 has gradually moved higher to trade at Rs 29,110 per 22 grams in the city.
This is largely on account of the firm trend we are seeing in the global markets, where the precious metal has now crossed the $1330 an ounce mark for the first time in many months.
However, lately we are seeing gold prices in the city of Vijayawada failing to retreat as the Indian rupee has gotten stronger against the US dollar.
At the moment it seems that gold prices are likely to stabilize at these levels and are unlikely to go down anytime soon.26 February 2018
People in Vijayawada mostly like to use gold during traditional and festival occasions. Gold rates in Vijayawada are influenced by various factors that have global implications. Gold prices in Vijayawada are also dependent on the transportation charges and local taxes in addition to many other additional costs charged by local gold stores in the city. The overall performance of gold rates in Vijayawada from Oct 2016 to Oct 2017 fluctuated. In the beginning of Oct 2016, gold prices in Vijayawada ranged from Rs. 31,520 per gram and rallied to Rs 30,670 per 10 grams by the end of the month.
Coming to Nov 2017 at the beginning of the month, prices were at Rs. 28,400 per gram, and now they have dipped to Rs 28,000. Performance of gold rates in Vijayawada changes and mostly trades in a narrow band. The year 2017 was better in terms of prices when compared to the last year 2016. Cues from the international show that spot gold rates in Vijayawada at the local gold shops was down to 0.2 percent compared to the previous session at Rs.27,940.3 November 2017
Gold rates in Vijayawada slip fell due to a firm dollar. Recently, gold price in the global markets hit a seven week high due to the weak Dollar. The rise in the euro, and the Federal Reserve unchanged interest rate, political tensions of the US with North Korea and few other reasons have pushed the dollar down. Spot gold had dropped by 0.3 per cent and was trading around $1,262 per ounce. Gold futures in the US for December delivery dropped 0.8 percent to $1,268.70 per ounce.
In Vijayawada, Gold price was on rally due to the upward trend by the gold in the International Markets from the past three weeks. Now the price may fall and the investors who were waiting for declines may take this fall as a positive sign. As of now the gold price in Vijayawada for 22 karats is trading Rs 28,000, and today it may trade below that mark. It is advised to the investors wait for gold to go below Rs 27,500. As the price of the gold now in Vijayawada is not a good price to invest in.3 August 2017
Gold price in Vijayawada is on a rally from the past two weeks as the Dollar is on a downward trend. Last two weeks were bad weeks for the Dollar as the Dollar was on a fall. Due to various reasons such as ECB Chief Mario Draghi's comments, the euro rallied and the dollar fell. Unchanged interest rate by Federal Reserve, Political tensions, and many more reasons saw the dollar on a free fall. This resulted, in gold in the international markets to see gains from the past two weeks. Gold in the global markets has now reached above seven week high.
This rise in the gold in the international markets are pushing gold prices in Vijayawada to cross Rs 27,500. Gold in Vijayawada is already up due to the marriage season and now due to the international political tensions and gold prices in Vijayawada may go even further up. It seems like very shortly in the month of August gold price in Vijayawada will trade above the Rs 27,500 mark.31 July 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.