Gold Rate In Kakinada _{Last Updated : 31 Jan 2023}

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Today's 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.

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Gold Rate Trend in Kakinada from October 2022 to December 2022

Gold Rate Trend in Kakinada from July 2022 to September 2022

Quarterly Gold Rate in Kakinada from July 2022 to September 2022

• Gold prices in Kakinada in July opened at Rs.5,024 for a gram. By the end of the month, the price of gold increased and closed the month at Rs.5,056 per gram. The highest and lowest prices that the yellow metal touched for the month were Rs.5,056 for a gram and Rs.4,858 per gram, respectively.
• In Kakinada, the price for a gram of gold on 1 August was Rs.5,035. Gold rates decreased by 0.85% by the end of the month and closed at Rs.4,992 per gram. The lowest and highest rates that gold hit for the month were Rs.4,992 for a gram and Rs.5,160 per gram, respectively.
• In September, gold prices in the city opened at Rs.5,946 for a gram. Gold rates on the last day of the month were Rs.4,932 per gram. Over the course of the month, gold prices fell by 0.28% in Kakinada.

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.

FAQs on Gold Rate in Kakinada

1. What are the different places in Kakinada where one can purchase gold?

   There are a number of reputable gold dealers who sell coins, bars, and jewellery in Kakinada from where one can buy gold.

2. Why is it important to check the gold price in Kakinada?

   It is essential to check the gold rate in Kakinada before purchasing gold online or in a retail store because even a small difference in gold prices today can result in a significant loss.

3. How to find a reliable gold price in Kakinada?

   To minimize the risk in any way while purchasing gold in Kakinada, the gold jeweller should be well-known and trustworthy.

4. What is 22k gold in Kakinada?

   22k gold contains 91.67% pure gold and is made up of alloyed metals such as silver and copper.

5. What are the factors which determine the gold prices in Kakinada?

   Several factors, such as local government taxes and levies are considered to determine the gold prices in Kakinada.

Check Gold Price in NearBy Cities of Kakinada