Gold Rate In Kakinada

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Gold Rate In Kakinada

Kakinada is a city located in the state of Andhra Pradesh, India. It is also the 4th most populous city of Andhra Pradesh. Kakinada is very close to the second largest mangrove forest in India and also the Coringa Wildlife Sanctuary. The economy in Kakinada revolves mainly around the textile industry, fishing, agricultural and steel related supplementary units. It also houses the second largest port in the country. Seafood products, processed food, iron ore, bauxite powder and biofuel are some of the important export products in Kakinada. The yellow metal has quite a following in Kakinada even though it is seen as more of a commodity rather than an investment in Kakinada.

Gold Rate Trend in Kakinada for July 2018 to September 2018 (per gram of 24 karat gold)

Factor	July	August	September
1st day	Rs.3,059 per gram	Rs.2,983 per gram	Rs.3,029 per gram
Last day	Rs.2,986 per gram	Rs.3,036 per gram	Rs.3,074 per gram
Highest price	Rs. 3,071 per gram on 6 July	Rs.3,036 per gram on 31 August	Rs.3,090 per gram on 25 and 26 September
Lowest price	Rs.2,986 per gram on 31 July	Rs.2,940 per gram on 16 August	Rs.3,019 per gram on 3 September
Trend	Decline	Incline	Incline
Change	-2.38%	1.77%	1.48%

Gold rate trend in Kakinada for July 2018

• A declining trend in the gold price was recorded at the beginning of the month due to reduced demand from local industries and coin makers.
• On 1 July, the yellow metal was trading at Rs.3,059 per gram. The rupee declined in value during this point. However, domestic demand was still on the decline.
• The price of gold in Kakinada hit its peak on 6 July when it traded at Rs.3,071 per gram. Demand for the metal finally picked up. However, the dollar was on the uprise causing the price of gold to dip during the end of the month.
• Gold then declined steadily and reached its lowest point on 31 July. On this day, the metal was trading at Rs.2,986 per gram.

Gold rate trend in Kakinada for August 2018

• August commenced with gold being priced at Rs.2,983 per gram.
• The price of gold varied throughout the month due to a constant fluctuation in demand for the metal.
• On 16 August, the metal was priced at Rs.2,940 per gram.
• Towards the end of the month, the gold price surged due to a long awaited increase in domestic demand.
• On 31 August, the precious metal was priced at Rs.3,036 per gram, the highest price for the month of August.
• Gold for the month recorded an upward trend of 1.77%.

Trend of Gold Rate in Kakinada for April 2018 to June 2018

Parameters	April	May	June
1st Day	Rs.3,072 per gram	Rs.3,114 per gram	Rs.3,100 per gram
Last Day	Rs.3,123 per gram	Rs.3,122 per gram	Rs.3,059 per gram
Highest Rate	Rs.3,153 per gram on 19 April	Rs.3,213 per gram on 15 May	Rs.3,127 per gram on 15 June
Lowest Rate	Rs.3,064 per gram on 6 April	Rs.3,103 per gram on 3 May	Rs.3,054 per gram on 24 June
Overall Monthly Performance	Incline	Incline	Decline
Percentage Change	1.66%	0.25%	-1.32%

Gold Rate Trend in Kakinada for April 2018:

• Trading began with gold price in Kakinada holding at Rs.3,072 per gram on the 1st with subdued local demand amid the strengthened US dollar index and rising equities.
• Rates dropped to a monthly low of Rs.3,064 per gram on the 6th with investor demand capped by the gaining US greenback.
• Demand, however, picked up over the next couple of weeks with market participants banking on the bullion market amid the losing greenback. This led to gold rate in Kakinada holding at a monthly high of Rs.3,153 per gram on the 19th.
• Trading concluded for the month with gold prices finishing at Rs.3,123 per gram on the 30th with poor but subdued domestic demand from industries, jewellers and retailers.

Gold Rate Trend in Kakinada for May 2018:

• The second month commenced with gold priced at Rs.3,114 per gram on the 1st with poor local demand amid the weak market trend overseas.
• Gold price in Kakinada dropped to a monthly low of Rs.3,103 per gram on the 3rd after the dollar gained against a basket of other major currencies at the global level.
• However, with tensions rising between the US and North Korea, demand for the metal surged during the next couple of weeks and gold was recorded trading at Rs.3,213 per gram on the 15th amid the strong trend overseas.
• The month ended with gold rate in Kakinada holding at Rs.3,122 per gram on the last day, registering an incline of 0.25% in bullion trade during the month.

Gold Rate Trend in Kakinada for June 2018:

• The last month of Q2 2018 began with gold trading at Rs.3,100 per gram with subdued but steady demand from local industries and jewellers amid the poor trends overseas.
• Demand picked up over the next couple of weeks with market participants and investors speculating over possible disagreements at the G7 summit. This led to prices rising to Rs.3,127 per gram on the 15th.
• With the US dollar regaining lost ground against other apex currencies, gold price in Kakinada dropped to Rs.3,054 per gram on the 24th.
• Trading closed for the month with gold rates finishing at Rs.3,059 per gram with steady local demand amid the firm trend overseas.

Gold Rate Trend in Kakinada for January 2018 to March 2018 (per gram of 24 karat gold)

Factor	January	February	March
1st day	Rs.3,005 per gram	Rs.3,040 per gram	Rs.3,043 per gram
Last day	Rs.3,045 per gram	Rs.3,046 per gram	Rs.3,072 per gram
Highest price	Rs.3,086 per gram on 16 January	Rs.3,103 per gram on 14 February	Rs.3,105 per gram on 24 and 25 March
Lowest price	Rs.3,000 per gram on 4 January	Rs.3,003 per gram on 8 February	Rs.3,030 per gram on 19 March
Trend	Incline	Incline	Incline
Change	1.33%	0.19%	0.95%

Gold Rate Trend in Kakinada for January 2018:

• In Kakinada, gold was priced at Rs.3,005 per gram when trading for the new year started.
• This month saw gold prices incline as demand from the local market increased ahead of an improved demand.
• The initial days were rather poor in terms of demand, but that changed as there was plenty of stimulus to help gold catch up against the dollar.
• On the 4th, the precious metal was priced at Rs.3,000 per gram - the month’s lowest rates as demand failed to pick up.
• This improved as days passed and gold rates went up to Rs.3,086 per gram on the 16th - the month’s highest gold rate - due to a failing dollar.
• The month ended with gold prices dropping down gradually to Rs.3,045 per gram.
• Price trends saw a 1.33% incline this month, thanks to slow but steady rise in demand seen during the initial three weeks.

Gold Rate Trend in Kakinada for February 2018:

• February’s trading opened with gold still trading at Rs.3,040 per gram.
• The first week’s demand was poor because of a strong US dollar, which was constantly gaining.
• On the 8th, gold hit its lowest figure for the month - trading at Rs.3,003 per gram before surging to the month’s highest the next week.
• The 14th recorded gold trade at Rs.3,103 per gram as demand from local jewellers peaked while cues remained positive.
• As there was little reason for demand to change amidst a steadily rising dollar, gold rates fluctuated for the remaining days of the month.
• When the month ended, the yellow metal was priced at Rs.3,046 per gram.

Gold Rate Trend in Kakinada for March 2018:

• Like the previous two months, March’s trading also had to undergo constant fluctuations with regards to gold rates.
• The month began with gold trading at Rs.3,043 per gram.
• Gold traded at the Rs.3,000 and above range for the entirety of this month, but dropped to a monthly low of Rs.3,030 per gram on the 19th.
• The subsequent week saw gold prices rise, and the metal traded at Rs.3,105 per gram on the 24th and the 25th.
• On the final day of March, gold was priced at Rs.3,072 per gram.
• Compared to the marginal growth seen in the February, price trends this month rose by 0.95%, thanks to a steady demand.

Gold Rate Trend in Kakinada for October 2017 to December 2017 (per gram of 24 karat gold)

Factor	October	November	December
1st day	Rs.3,040 per gram	Rs.2,974 per gram	Rs.2,982 per gram
Last day	Rs.2,996 per gram	Rs.2,996 per gram	Rs.3,015 per gram
Highest price	Rs.3,059 per gram on 14 and 15 October	Rs.3,030 per gram 18 to 20 November	Rs.3,015 per gram on 30 and 31 December
Lowest price	Rs.2,996 per gram on 31 October	Rs.2,974 per gram on 1 and 6 November	Rs.2,906 per gram on 13 December
Trend	Decline	Incline	Incline
Change	-1.44%	0.73%	1.10%

Gold Rate Trend in Kakinada for October 2017:

• The month began with the yellow metal trading at Rs.3,040 per gram on the 1st amid firm trend overseas.
• However, possibilities of an interest rate hike by the US Federal Reserve resulted in the dollar rising against a basket of other currencies. This led to gold rate in Kakinada dropping to Rs.2,997 per gram on the 6th.
• Domestic demand from jewellers and retailers surged with the festive season around the corner. This led to gold price in Kakinada rising to Rs.3,027 per gram on the 9th.
• Gold rates hit their highest recorded monthly figure of Rs.3,059 per gram on the 14th with strong local demand amid the positive global trends.
• On the 20th, with the US dollar recovering from the previous days’ losses, bullion rates plunged to Rs.3,026 per gram.
• The strong US dollar index coupled with firmer equities brought about by speculating on the possible Fed rate hike during the quarter led to gold rate in Kakinada closing at Rs.2,996 per gram on the last day. This was also the lowest recorded monthly figure in the city.
• Kakinada witnessed gold prices declining by 1.44% amid the poor global cues during the month.

Gold Rate Trend in Kakinada for November 2017:

• The month opened with the precious metal priced at Rs.2,974 per gram on the 1st with relatively lower demand for the metal from the previous week.
• The next few days saw gold rates remaining unchanged with the US dollar performing well amid stronger equities. Gold price in Kakinada were recorded holding at Rs.2,974 per gram until the 6th of November.
• With the US-North Korean diplomatic relations worsening, safe-haven demand for the metal surged during the month. The yellow metal was priced at Rs.3,015 per gram amid strong demand.
• Thanks to an increased demand from local jewellers, retailers and industries amid the strong trends overseas, god rate in Kakinada surged to Rs.3,030 per gram on the 19th.
• However, prices plunged to Rs.3,009 per gram on the 28th after the promising US tax reform plan produced by President Trump at the US Senate resulted in the US dollar gaining against a basket of other emerging currencies.
• The month concluded with the precious metal prices holding at Rs.2,998 per gram due to reduced domestic demand for the metal amid poor trends overseas.
• Gold rates saw an incline of 0.73% during the course of the month.

Gold Rate Trend in Kakinada for December 2017:

• The final month of the quarter began with the bullion trading at Rs.2,982 per gram amid poor trends overseas.
• Prices plummeted to Rs.2,968 per gram on the 5th with the dollar gaining after the approval of the US tax reform bill.
• The strong US dollar index coupled with firmer equities market resulted in gold rate in Kakinada dropping significantly over the next few days.
• The yellow metal was priced at Rs.2,908 per gram on the 12th before hitting the lowest recorded monthly figure of Rs.2,906 per gram on the 13th ahead of the Federal Reserve’s monetary policy meeting.
• However, with Fed rate hike proved to have a negative impact on the equities and pushed the US dollar lower. This led to gold rates rebounding to Rs.2,933 per gram on the 19th.
• Gold price in Kakinada surged to Rs.2,956 per gram on the 23rd after the dollar lost against other apex currencies with investors mulled over the ultimate result of the tax system overhaul on the US economic growth.
• With the Asian stocks failing in the world markets, demand for safe-haven assets such as gold surged. This led to bullion rates surging to Rs.3,015 per gram on the last day.
• Kakinada registered an incline of 1.10% in bullion trade during the course of the month.

Gold Rate Trend in Kakinada for July 2017 to September 2017 (per gram of 24 karat gold)

Factor	July	August	September
1st day	Rs.2,950 per gram	Rs.2,931 per gram	Rs.2,997 per gram
Last day	Rs.2,920 per gram	Rs.2,965 per gram	Rs.3,040 per gram
Highest price	Rs.2,950 per gram on 1 July	Rs.2,980 per gram on 29 August	Rs.3,100 per gram on 8 September
Lowest price	Rs.2,800 per gram on 14 July	Rs.2,900 per gram from 5 to 8 August	Rs.2,997 per gram on 1 September
Trend	Decline	Incline	Incline
Change	-1.01%	1.16%	1.43%

Gold Rate Trend in Kakinada for July 2017:

• Gold prices this month were largely impacted by the official introduction of the Goods and Services Tax bill.
• The month of July began on a strong note with the yellow metal trading at Rs.2,950 per gram.
• Rates recorded on the 1st was the highest for the month - which serves as a perfect indication of how the precious metal throughout July.
• The newly approved 3% GST on gold saw demand for the metal drop significantly. This was then compounded by weak cues globally.
• By the 9th, gold rates fell to as low as Rs.2,869 per gram and - going by the signs - prices would fall considerably over the next few days.
• Strong global cues along with a relatively improved demand saw gold rates improve over the second half of this month.
• There were plenty of changes to be seen over the course of the final week.
• Gold rates ended at Rs.2,920 per gram with a 1.01% decline in rate trends seen over the course of the month.

Gold Rate Trend in Kakinada for August 2017:

• The month of August helped gold trading get back onto the positive side as the Indian bullion industry shook itself off the GST stronghold.
• On the 1st of August, gold was priced at Rs.2,931 per gram - a further Rs.20 improvement from the previous day’s rates.
• But, with local demand remaining low amidst a strong US dollar, gold rates went down to as low as Rs.2,900 per gram on the 5th and continuing on till the 8th of the month.
• The US economy’s fall from grace led to the yellow metal’s rates improving. Gold traded at Rs.2,944 per gram on the 10th and saw further improvement to trade at Rs.2,977 per gram on the 12th.
• Rates picked up over the final stretch of August to record the highest gold rate of Rs.2,980 per gram on the 28th.
• An improved demand aided by a weak US stock market saw gold rate trends increase by 1.16% for this month.

Gold Rate Trend in Kakinada for September 2017:

• During September, gold rates improved further as a result of various Indian and international factors.
• On the first of the month, gold was priced at Rs.2,997 per gram.
• Prices rocketed to Rs.3,100 per gram on the 8th as the US - North Korea conflict pushed safe-haven purchases to a whole new level.
• With the US stock markets recovering from the initial shock, gold rates climbed down to remain in the sub-Rs.3,040 per gram range for much of the month.
• When the month came to a close, gold prices were holding at Rs.3,030 per gram.
• There was a 1.43% increase in price trends which was brought about by a major geopolitical concerns ruling the world market.

Gold Rate Trend in Kakinada for April 2017 to June 2017 (per gram of 24 karat gold)

Factor	April	May	June
1st day	Rs.2,956 per gram	Rs.2,984 per gram	Rs.2,977 per gram
Last day	Rs.2,984 per gram	Rs.2,968 per gram	Rs.2,962 per gram
Highest price	Rs.3,040 per gram on 15 & 16 April	Rs.2,984 per gram on 1 May	Rs.3,030 per gram on 7 June
Lowest price	Rs.2,954 per gram on 8 & 9 April	Rs.2,888 per gram on 15 May	Rs.2,942 per gram on 20 June
Trend	Incline	Decline	Decline
Change	0.94%	-0.53%	-0.05%

Gold rate trend in Kakinada for April 2017

• The gold rates in Kakinada fluctuated in the month of April, opening at Rs.2,956 per gram on 1 April, the prices rose to Rs.2,983 per gram on 5 April showing an incline in the demand.
• In spite of a weak U.S. dollar rate, the gold prices fell to Rs.2,954 per gram for 8,9, and 10 April due to the reducing demand from local and international markets.
• On 12 April, the gold rates jumped to Rs.3,010 per gram due to the rise in the demand for safe-haven assets from investors. The fluctuating stock market turned out to be the biggest factor for the incline in the demand for gold.
• The gold prices between 12 and 24 April were on the higher side and reached the maximum of Rs.3,040 per gram on 15 and 16 April.
• Being nearly steady for about two weeks, the gold prices dipped to Rs.2,998 per gram on 25 April due to the muted demand from jewellers, retailers, and industries.
• The 2017 French presidential election boosted the stock market which reduced the gold rate to Rs.2,964 per gram on 26 April.
• With a slight increase in the prices, April ended with a 0.94% incline in the gold prices.

Gold rate trend in Kakinada for May 2017

• The yellow metal was priced at Rs.2,984 per gram on 1 May based on the subdued demand for gold from local and international markets.
• The 2017 French presidential election boosted the stock market leading to a further decline in the fluctuating demand for gold to Rs.2,899 per gram on 6 and 7 May.
• The subdued demand from the local market further reduced the gold rate to Rs.2,889 per gram on 11 May.
• The gold rates remained more or less low until the yellow metal’s demand increased in the Asian markets and the fluctuating U.S. dollar rate added to the incline in demand to Rs.2,956 per gram on 18 May.
• The gold rate further increased to Rs.2,979 per gram on 23 May due to an increase in demand from the local markets.
• Though the gold rates increased to Rs.2,984 per gram on 30 May because of a weak market, the diminishing demand for gold reduced the rates to Rs.2,963 per gram on 31 May.
• For the month of May, the demand fluctuated throughout the month and led to a decline of - 0.70% in the gold rates.

Gold rate trend in Kakinada for June 2017

• Trading at Rs.2,985 per gram on 1 June, gold rates in Kakinada fluctuated throughout the month.
• The uncertain market condition and investor’s rising demand for the precious metal increased the gold rates to Rs.3,030 per gram on 7 June.
• In spite of a fluctuating U.S. dollar rate, gold’s poor demand from local and international markets reduced the rates to Rs.2,981 per gram on 10 and 11 June.
• A gradual decline in the demand reduced the gold rates to Rs.2940 on 20 June.
• The demand from international industries increased which shifted the gold rates to Rs.2977 on 26 June.
• The fluctuating demand for gold closed the rates at Rs.2,967 per gram on 30 June leading to a decline of – 60% in the value.

Gold Rate Trend in Kakinada for January 2017 to March 2017 (per gram of 24 karat gold)

Factor	January	February	March
1st day	Rs.2,821 per gram	Rs.2,965 per gram	Rs.2,990 per gram
Last day	Rs.2,954 per gram	Rs.3,003 per gram	Rs.2,940 per gram
Highest price	Rs.2,978 per gram on 23rd January	Rs.3,014 per gram on the 25th and 26th of February	Rs.2,994 per gram on the 2nd of March
Lowest price	Rs.2,821 per gram on 1st January	Rs.2,944 per gram on the 4th and 5th of February	Rs.2,900 per gram on 15th of March
Trend	Incline	Incline	Decline
Change	4.71%	1.28%	-1.67%

Gold Rate Trend for Kakinada in January 2017

• On the first day of the new year, gold traded at Rs.2,821 per gram due to low demand for this metal. This was also the lowest at which gold traded for the month.
• There was a marginal rise in the rate of gold over the next few days due to slow demand for this metal.
• At the end of the first week of January the rate of gold rose up to Rs.2,872 per gram and stayed at this rate the next day as well.
• There was an improvement in the rate of gold from the 14th of January onwards due to the harvest festival of Sankranti in Kakinada. Gold was priced at Rs.2,941 per gram on the 14th and 15th of January before continuing to rise.
• There were a number of variations noted in the rate of gold towards the end of January with gold trading between Rs.2,962 per gram and Rs.2,913 per gram between the 21st of January and 27th of January.
• On the last day of the month, gold was priced at Rs.2,954 per gram, with a rise of 4.71% in the price of gold.

Gold Rate Trend for Kakinada in February 2017

• On the first day of the second month of the year, gold was priced at Rs.2,965 per gram and fell the next day to trade at Rs.2,954 per gram.
• However, due to a fall in the demand for this metal, the rate of gold fell to Rs.2,944 per gram on the 4th of February. This rate was also noted on the 5th of February.
• There was a marginal improvement in the rate of gold as the week progressed with this metal trading at Rs.2,964 per gram on the 11th and 12th of February after which prices dropped again.
• The rate of this precious metal rose up again on the 17th of February to trade at Rs.2,988 per gram.
• Gold traded at its highest rate on the 25th and 26th of February wherein it was priced at Rs.3,014 per gram. However, this rate could not be sustained and at the end of the month, gold traded at Rs.3,003 per gram recording a rise of 1.28% in the price.

Gold Rate Trend for Kakinada in March 2017

• Gold traded at a promising rate of Rs.2,990 per gram on the first of the month before rising to the monthly high price of Rs.2,994 per gram.
• However, these rates could not be sustained due to a fall in the demand for this precious metal resulting in gold trading between Rs.2,972 per gram and Rs.2,951 per gram between the 3rd and 9th of March.
• The rate of gold continued to fall with gold trading at Rs.2,900 per gram on the 15th of March which was also the lowest at which gold traded during the month. This could be attributed to the Dutch Elections and the decision of the U.S. Fed Reserve regarding the rate of interest.
• Towards the end of the month, the rate of gold fell, with a few minor variations here and there. On the last day of the month gold traded at Rs.2,940 per gram recording a decline of 1.67% in the price of this precious metal.

Gold rate in Kakinada

The rate of gold depends on various factors such as demand and supply, inflation, value of the dollar and much more. The price of gold mainly depends on the quality of gold and the weight of gold. For example, the price for 22 karat gold will not be as same as the price for 24 karat gold as the 24 karat gold is much more purer. Given below is the price of gold for 22 karat and 24 karat in Kakinada.

Gold rate for 22 karat

Weight of 22 karat gold	Price for 22 karat gold
1 gram	Rs.2,775
10 gram	Rs. 27,750
100 gram	Rs. 2,77,500
1 kg	Rs. 27,75,000

Gold rate for 24 karat

Weight of 24 karat gold	Price for 24 karat gold
1 gram	Rs. 2,969
10 gram	Rs. 29,690
100 gram	Rs. 2,96,900
1 kg	Rs. 29,69,000

Gold investments in Kakinada

There are different ways in which one can invest in gold. Listed below are some of the popular types of gold investments in Kakinada.

• Gold jewelry-Gold jewelry and ornaments is one of the most popular form of gold investments in Kakinada. The price of a piece of gold jewelry includes many other charges such as making charge, wastage charge, weight of gold, and the price of gold. There are numerous shops in Kakinada that deal in gold jewelry.
• Gold bullion- Gold bullion is one of the best ways to invest in gold owing to the low cost and high liquidity.
• Gold trade-Though investing in gold market trade is not the most popular form of gold investments in Kakinada, it is gaining its own set of customers. One can invest in Gold ETFs, gold futures and much more through this investment.

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