Today Gold Rate in Andhra Pradesh Last Updated : 07 Dec 2022

According to a detailed mapping by the Geological Survey of India in the recent past, Andhra Pradesh has around 7 million tonnes of ore.

Significantly, Andhra Pradesh has one of the only three gold fields of the country, namely, the Ramgiri Gold Field in Anantpur district. Other areas with gold deposits include Bisanattam and Palachchur in Chittoor district in addition to Jonnagiri in Kumool district.

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  • Today's Gold Rate in Andhra Pradesh (07 Dec 2022)

    ₹ 5,010
    Today's Gold Rate (22K) per gram

    Compare 22K & 24K Gold Rate In Andhra Pradesh (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) (1 gram) ₹ 5,010 ₹ 5,045 ₹ -35 ↓
    Standard Gold (22 K) (8 grams) ₹ 40,080 ₹ 40,360 ₹ -280 ↓
    Pure Gold (24 K) (1 gram) ₹ 5,261 ₹ 5,297 ₹ -36 ↓
    Pure Gold (24 K) (8 grams) ₹ 42,088 ₹ 42,376 ₹ -288 ↓

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    06 Dec 2022 ₹ 5,010 ₹ 40,080 ₹ 5,261 ₹ 42,088
    05 Dec 2022 ₹ 5,045 ₹ 40,360 ₹ 5,297 ₹ 42,376
    04 Dec 2022 ₹ 5,016 ₹ 40,128 ₹ 5,267 ₹ 42,136
    03 Dec 2022 ₹ 5,016 ₹ 40,128 ₹ 5,267 ₹ 42,136
    02 Dec 2022 ₹ 5,010 ₹ 40,080 ₹ 5,261 ₹ 42,088
    01 Dec 2022 ₹ 4,955 ₹ 39,640 ₹ 5,203 ₹ 41,624
    30 Nov 2022 ₹ 4,916 ₹ 39,328 ₹ 5,162 ₹ 41,296
    29 Nov 2022 ₹ 4,916 ₹ 39,328 ₹ 5,162 ₹ 41,296
    28 Nov 2022 ₹ 4,921 ₹ 39,368 ₹ 5,167 ₹ 41,336
    27 Nov 2022 ₹ 4,925 ₹ 39,400 ₹ 5,171 ₹ 41,368

    Weekly & Monthly Graph of Gold Rate in Andhra Pradesh

    • 7 Days
    • 30 Days
    • 3 Months
    • 6 Months

    Gold rates in Andhra Pradesh depends on several factors including its extensive use - from decking up idols during auspicious festivals (including religious processions common in this part of the country) and intricate bridal jewellery to gold bars and biscuits, to name a few. Andhra Pradesh is one of the largest producers of gold in the country.

    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Today's Gold Price in Andhra Pradesh

    Owing to age-old traditions, diverse communities cutting across age barriers, buy gold in the state throughout the year. However, there is a marked rush for gold during Akshaya Tritiya (considered one of the most auspicious days of the year) when jewellers offer attractive discounts and free gifts to boost sales. There are long queues outside jewellery malls during Diwali festivities as well. The commercial tax department regularly cracks down on bullion traders, who try to evade the 1% value added tax (VAT) on sale of the yellow metal.

    Trend of Gold Rate in Andhra Pradesh for November 2022

    Parameter Gold price (24 karat)
    November 1 Rate Rs.4,940 per gram
    November 30 Rate Rs.5,162 per gram
    Highest Rate in November Rs.5,208 per gram on 16 November
    Lowest Rate in November Rs.4,940 per gram on 1 November
    Overall Performance Incline

    Trend of Gold Rate in Andhra Pradesh for October 2022

    Parameter Gold price (24 karat)
    October 1 Rate Rs.4,925 per gram
    October 31 Rate Rs.4,951 per gram
    Highest Rate in October Rs.5,082 per gram on 6, 8, and 9 October
    Lowest Rate in October Rs.4,898 per gram on 21 October
    Overall Performance Incline

    September 2022 Gold Rate in Andhra Pradesh

    Parameter Gold price (24 karat)
    September 1 Rate Rs.4,946 per gram
    September 30 Rate Rs.4,932 per gram
    Highest Rate in September Rs.4,988 per gram on 6 September
    Lowest Rate in September Rs.4,841 per gram on 27 September
    Overall Performance Decline
    Percentage Change -0.28%

    Trend of Monthly Gold Rate in Andhra Pradesh for September 2022

    • Gold prices in Andhra Pradesh started off at Rs.4,946 per gram of 24 karat gold for the month of September. Over the month, the yellow metal witnessed several fluctuations in its prices and closed the month at Rs.4,932 per gram.
    • The prices of gold recorded their highest for the month on 6 September when a gram of 24 karat gold was traded for Rs.4,988. The lowest price of gold for the month of September was Rs.4,841 per gram on 27 September in Andhra Pradesh.
    • Thus, the overall performance of gold in Andhra Pradesh was that of an incline where the percentage change stood at –0.28%.

    September 2022 Gold Rate in Andhra Pradesh

    Parameter Gold price (24 karat)
    September 1 Rate Rs.4,946 per gram
    September 30 Rate Rs.4,932 per gram
    Highest Rate in September Rs.4,988 per gram on 6 September 2022
    Lowest Rate in September Rs.4,841 per gram on 27 September 022
    Overall Performance Decline
    Percentage Change -0.28%

    Trend of Monthly Gold Rate in Andhra Pradesh for September 2022

    • Gold prices in Andhra Pradesh started the month of September at Rs.4,946 for a gram of 24 carat gold. The prices fluctuated over the following few weeks until settling at Rs.4,932 per gram at the end of the month.
    • On 6 September 2022, the price of gold reached its greatest point, with a gram of 24 carat gold costing Rs.4,988. On 27 September 2022, gold was being sold for Rs.4,841 per gram, which was the lowest price ever.
    • As a result, Andhra Pradesh's gold prices had a downward trend in September. Gold prices changed by an amount of -0.28%.

    August 2022 Gold Rate in Andhra Pradesh

    Parameter Gold price (24 karat)
    August 1 Rate Rs.5,035 per gram
    August 31 Rate Rs.4,992 per gram
    Highest Rate in August Rs.5,160 per gram on 13, 14, and 15 August
    Lowest Rate in August Rs.4,992 per gram on 31 August
    Overall Performance Decline
    Percentage Change -0.85%

    Trend of Monthly Gold Rate in Andhra Pradesh for August 2022

    • In Andhra Pradesh, gold prices opened the month of August at Rs.5,035 per gram of 24 karat gold. Over the next few weeks, the prices witnessed several fluctuations and settled at Rs.4,992 per gram by the end of the month.
    • The highest price of gold was recorded on 13, 14, and 15 August wherein a gram was 24 karat gold was priced at Rs.5,160. Gold was being sold at its lowest price point of Rs.4,992 per gram on 31 August.
    • Thus, gold prices in Andhra Pradesh witnessed a declining trend during the month of August. The percentage change in gold prices stood at –0.85%.

    Gold as an investment in Andhra Pradesh

    All major cities and towns of Andhra Pradesh including Visakhapatnam, Vijayawada and Guntur among many others have large jewellery stores offering a wide range of gold articles suited for different occasions. Andhra Pradesh is among the largest consumers of gold.

    Over-the-counter - Gold prices in Andhra Pradesh are volatile, as is the case across the country and can therefore, fluctuate depending on a variety of factors including demand and supply, India’s imports, overall market conditions, macroeconomic factors and strength of the Indian currency. Gold is widely sold in the form of coins, bars and jewellery in Andhra Pradesh. Some of the top jewellery brands in the region include GRT jewellers, Vaibhav Jewellers, Kirtilal and Sons, Lalithambika Jewellers and Hira Panna Jewellers among others which supply pure BIS Hallmarked gold with a wide range of intricate designs.

    Market trade - Gold is also traded in spot contracts and exchange-traded funds (ETF). While Gold ETFs are sought-after across the country, demand for gold ETFs has been decreasing for the past two years, according to latest reports. Spot gold trading is preferred by some customers to make use of price volatility and instant access courtesy online brokers. And also check silver price in Andhra Pradesh

    FAQs on Gold Price in Andhra Pradesh

    1. Will gold prices decrease in Andhra Pradesh?

      The price of gold may or may not fall as there are many factors which affect the price of the yellow metal in Andhra Pradesh and in India. These factors which affect the gold prices in Andhra Pradesh include the trend of the international bullion market, the global equities market, crude oil prices and the value of the U.S. dollar.

    2. What factors do I check before buying gold in Andhra Pradesh?

      A few important things to keep in mind before buying gold in Andhra Pradesh are: The level of purity, The price of gold per gram, Buy-back terms of the lender, Certification of the metal.

    3. What international factors affect the gold rate in Andhra Pradesh?

      Many factors affect the price of gold in Andhra Pradesh such as crude oil prices, the value of international currencies, etc.

    4. Will the gold price in Andhra Pradesh keep changing?

      The gold price in Andhra Pradesh may keep fluctuating or changing due to various factors which affect the price of gold in the country.

    5. What is 916 gold in Andhra Pradesh?

      916 or 91.6 is the purity of gold which is in the final product. 916 gold has 91.6 grams of pure gold in 100 grams of alloy. 916 gold is the type of metal which is used to make jewellery as pure gold is fragile.

    6. How do people of Andhra Pradesh invest in gold?

      People of Andhra Pradesh invest in gold by purchasing gold jewelries and gold bars.

    7. Why is the gold rate in Andhra Pradesh different from Telangana?

      The price of gold in India is determined by shipping costs and the local gold jewelers' association. As a result, it varies from state to state. That’s why the gold rate in Andhra Pradesh is different from Telangana.

    8. Which is preferable out of 22K and 24K Gold in Andhra Pradesh?

      22K gold is usually preferred as it is good for making gold jewelries. This is due to the presence of various other metals that make the jewelries more durable.

    News On Gold Rate Andhra Pradesh

    • Price of Gold Increases in India on 25 November 2022

      On 25 November 2022, the cost of both 24 and 22 karat gold increased by Rs.290 in India. 24 carat gold currently costs Rs.52,710, while 22 karat gold costs Rs.48,820.

      26 November 2022

    • Price of Gold on 4 November 2022

      On 4 November 2022, the price of gold for 10 grams increased by 0.31%, or Rs.156, on the MCX NSE -0.30% market. The current price for 10 grams of the finest gold was Rs.50,114.

      05 November 2022

    • Gold prices slashed across few major cities in India

      The price of gold has reduced in Hyderabad, Bangalore, Kerala and Vishakhapatnam. The price of 10 grams of 22-carat gold in Bangalore is Rs.46,420 with a reduction of Rs.40 as compared to previous rates while the price of 24-carat gold in Bangalore is Rs.50,640 with a reduction of Rs.40 as compared to the previous rates. The price of 10 grams of 22-carat gold in Hyderabad are Rs.46,420 with a reduction of Rs.40 as compared to previous rates while the price of 24-carat gold in Hyderabad is Rs.50,640 with a reduction of Rs.40 as compared to the previous rates.

      20 September 2022

    • Gold rates dropped by around Rs.100 today

      Some of the major South Indian cities are experiencing a drop in gold prices today, 20 September. In Hyderabad and Visakhapatnam, the prices of 22-carat and 24-carat gold are Rs.45,850 and Rs.50,020, respectively. The price of 10 grams of both the variant of gold in Bangalore and Kerala are Rs.45,850 and Rs.50,020, and Rs.46,850 and Rs.50,020, respectively.

      21 September 2022

    • Gold prices witness a hike

      The price of gold has hiked in Bengaluru, Visakhapatnam, Hyderabad, AP and Kerala on Wednesday. The yellow metal is priced at Rs.46,900 for 10 gram of 22 karat gold while 24 karat gold is trading at Rs.51,160 per 10 gram in Bengaluru.

      8 September 2022

    • The price of gold slips due to fear of rate hike

      The price of gold tumbled after fears of another interest rate hike by the Federal Reserve intensified. The cost of gold slipped 0.3% at Rs.51,467 per 10 grams while the value of spot gold decreased 0.2%.

      20 August 2022

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