Gold Rate In Nellore _{Last Updated : 09 Dec 2022}

*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 Nellore

Nellore is one of the well-known districts in Andhra Pradesh owing to its cultural and historical importance. Gold is viewed as a traditional form of investment in Nellore as most residents buy various forms of gold jewelry, coins and bars. The gold jewelry is handed down from generation to generation in many households. Gold jewelry is an important part of various auspicious occasions and ceremonies such as weddings and religious processions.

Gold Rate Trend in Nellore from July 2022 to September 2022

Quarterly Gold Rate in Nellore from July 2022 to September 2022

• On 1 July 2022, the price for a gram of gold in Nellore was Rs.5,024. Gold prices increased by 0.63% by 31 July 2022 and closed at Rs.5,056 per gram. The lowest and highest prices of the yellow metal in July were Rs.4,858 for a gram and Rs.5,056 per gram, respectively.
• On the first day of August, gold prices in the city were Rs.5,035 for a gram. Gold rates on the last day of the month were Rs.4,992 per gram. Overall, gold prices fell by 0.85% in August in Nellore.
• Gold prices in Nellore in September opened at Rs.4,946 for a gram. By the end of the month, the price of gold fell and closed the month at Rs.4,932 per gram. The highest and lowest prices that the yellow metal touched for the month were Rs.4,988 for a gram and Rs.4,841 per gram, respectively.

Gold Rate Trend in Nellore from April 2022 to June 2022

Quarterly Gold Rate in Nellore from April 2022 to June 2022

• Gold rates opened at Rs.5,076 for a gram in the month of April in Nellore. Gold prices jumped by the end of the month and closed at Rs.5,148 per gram. The price of gold increased by 1.41% in April.
• On 1 May 2022, gold prices in the city were Rs.5,148 per gram. The prices did not change when compared to 30 April 2022. By 31 May 2022, gold prices fell and were Rs.5,014 for a gram. The lowest and highest prices the yellow metal touched for the month were Rs.4,964 for a gram and Rs.5,148 per gram, respectively.
• In June, gold prices decreased over the course of the month. After opening the month at Rs.4,977 for a gram, the prices of the yellow metal closed at Rs.4,917 per gram. Gold rates fell by 1.21% over the course of the month in the city.

FAQs on Gold Rate in Nellore

1. How is the gold rate determined in Nellore?

   The gold rate is determined on various festivals that are celebrated in Nellore throughout the year, as many people in Nellore buy gold in order to celebrate certain festivals.

2. What is the best time to buy Gold in Nellore?

   The gold price in Nellore swings daily for many reasons, and it is impossible to pinpoint an exact time.

3. What is the import duty on gold?

   The import duty on gold has been raised from 10% to 12.4% in the 2019 Union Budget.

4. Why is the gold price on rise in Nellore?

   The gold rate in Nellore presents a clear trend structure for predicting the year's next gold price increase. The demand for gold jewellery and the people's desire to invest are the reasons behind the increase in gold prices in Nellore. Another key factor in the rise in gold prices is that individuals are purchasing gold not just as jewellery but also as an investment property. Even yet, the majority of demand is for jewellery, with a few exceptions like gold biscuits and gold coins.

5. Why is gold jewelleries made from 22 karat gold in Nellore?

   The most common choice for making jewelleries is 22K gold. This is due to the presence of other metals in the jewellery, which makes it more durable.

Also Check Gold Price in NearBy Cities of Nellore