Gold Rate In Proddatur Today Last Updated : 06 Dec 2022

Located in Andhra Pradesh's Kadapa district, Proddatur sits on the banks of Penna River and is not only a municipality, but also the mandal headquarters of Proddatur mandal. Although it is not as prominent as the other big towns and cities in Andhra Pradesh, the economy of Proddatur is mainly driven by several cotton and gold businesses.

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  • Today's Gold Rate in Proddatur (06 Dec 2022)

    ₹ 5,045
    Today's Gold Rate (22K) per gram

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

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) (1 gram) ₹ 5,045 ₹ 5,016 ₹ 29 ↑
    Standard Gold (22 K) (8 grams) ₹ 40,360 ₹ 40,128 ₹ 232 ↑
    Pure Gold (24 K) (1 gram) ₹ 5,297 ₹ 5,267 ₹ 30 ↑
    Pure Gold (24 K) (8 grams) ₹ 42,376 ₹ 42,136 ₹ 240 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    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
    26 Nov 2022 ₹ 4,925 ₹ 39,400 ₹ 5,171 ₹ 41,368

    Weekly & Monthly Graph of Gold Rate in Proddatur (1 gram)

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

    *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.

    Gold Price in Proddatur

    In the present day, gold is regarded as the best investment option among the people of Proddatur. Although it has been historically important, gold is still one of the most-sought after investment instruments in the town as people purchase it during auspicious occasions. Moreover, gold is also the best option for gifting in the town and a large number of people purchase it to gift it to their near and dear ones during festivals and filial ceremonies.

    The rates of gold in Proddatur vary depending upon the purity of the precious metal. The most expensive form of gold is 24 karat and is therefore the most expensive option. 22 karat, 18 karat and 14 karat gold are relatively impure in comparison with 24 karat gold.

    Gold Rate Trend in Proddatur from July 2022 to September 2022

    Factor July August September
    1st Day Rs.5,024 per gram Rs.5,035 per gram Rs.4,946 per gram
    Last Day Rs.5,056 per gram Rs.4,992 per gram Rs.4,932 per gram
    Highest Price Rs.5,056 per gram on 30 and 31 July Rs.5,160 per gram on 13, 14, and 15 August Rs.4,988 per gram on 6 September
    Lowest Price Rs.4,858 per gram on 16 and 17 July Rs.4,992 per gram on 31 August Rs.4,841 per gram on 27 September
    Trend Incline Decline Decline
    Change 0.63% -0.85% -0.28%

    Gold Rate Trend in Proddatur from April 2022 to June 2022

    Factor April May June
    1st Day Rs.5,076 per gram Rs.5,148 per gram Rs.4,977 per gram
    Last Day Rs.5,148 per gram Rs.5,014 per gram Rs.4,917 per gram
    Highest Price Rs.5,299 per gram on 18 April Rs.5,148 per gram on 1 May Rs.5,077 per gram on 13 June
    Lowest Price Rs.5,043 per gram on 4 April Rs.4,964 per gram on 18 May Rs.4,917 per gram on 30 June
    Trend Incline Decline Decline
    Change 1.41% -2.60% -1.21%

    Quarterly Gold Rate in Proddatur from April 2022 to June 2022

    • Gold rates opened at Rs.5,076 for a gram in the month of April in Proddatur. 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.

    Gold Rate Trend in Proddatur from January 2022 to March 2022

    Factor January February March
    1st Day Rs.4,787 per gram Rs.4,742 per gram Rs.5,027 per gram
    Last Day Rs.4,753 per gram Rs.5,054 per gram Rs.5,033 per gram
    Highest Price Rs.4,869 per gram on 26 January Rs.5,068 per gram on 24 February Rs.5,360 per gram on 9 March
    Lowest Price Rs.4,696 per gram on 10 January Rs.4,740 per gram on 2 February Rs.5,027 per gram on 1 March
    Trend Decline Incline Incline
    Change 0.71% 6.58% 0.11%

    Quarterly Gold Rate in Proddatur from January 2022 to March 2022

    • In Proddatur, gold rates opened at Rs.4,787 per gram in January. Over the month, the prices fluctuated and closed at Rs.4,753 per gram. Over the course of the month, gold prices fell 0.71% in the city.
    • In February, the price of gold in the city opened at Rs.4,742 per gram. Gold reached its highest price of Rs.5,068 per gram on 24 February.
    • Gold rates in March opened at Rs.5,027 per gram. The month ended with the metal reaching Rs.5,033 per gram. Gold prices jumped by 0.11% over the course of the month in Proddatur.

    Gold Investment Avenues in Proddatur

    The fact that gold is considered as almost sacred in India is no secret. It is an auspicious investment and most celebrations and ceremonies are regarded as incomplete with the absence of gold. Sales of the precious metal peak during the wedding season and festivals. As a result, gold has become one of the best investment options for the people of Proddatur as it offers some sort of a safety net in times of market fluctuations.

    Over-the-counter: The most common method of acquiring gold in Proddatur is over-the-counter dealings. The town is home to several different jewellers and banks that provide customers with a number of options depending upon their budget. Jewellery, coins and bars are some of the most common forms through which gold is purchased in Proddatur, with coins and bars dominating sales of the precious metal. Since jewellery is highly liquid and can be resold, individuals find it to be the best possible source of investment. The rates offered by each jeweller or dealer may vary, but investors will receive purity certificates to rest assured that their money is well spent.

    Market Trade: Gold can now be purchased from your home or office thanks to modern technology. ETFs, futures contracts and E-gold offer the best avenues for the trade of gold. Gold trading is not completely free of risk, and investors must consider the element of risk involved before putting their money on the precious metal. Individuals can trade E-gold via the National Spot Exchange, and can trade gold ETFs on the Mumbai Stock Exchange.

    Also Check Gold Price in NearBy Cities of Proddatur

    FAQs on Gold rate in Proddatur

    1. Which gold is best to invest in Proddatur?

      If you are looking forward to long term investment in Bhubaneshwar then 24 karat gold is the best option. If you are looking forward to making jewellery, then investing in 22 karat or 18 karat gold would be a better option.

    2. What is the significance of gold in Indian weddings in Proddatur?

      As gold is considered as the symbol of Goddess Lakshmi and signifies fortune, prosperity and wealth, it features prominently in Indian marriages.

    3. What precautions should be taken while purchasing gold jewellery in Proddatur?

      While purchasing gold jewellery in Proddatur, you need to make sure to check for purity, negotiate making charges, and cross check the price of the yellow metal. You must know that the price varies based on the purity of gold.

    4. Where to buy gold in Proddatur?

      When buying gold in Proddatur, make sure that you are buying from a well-established and certified dealer. Do check if the gold is marked, stamped, engraved or in some way certified and determined to be authentic gold of whichever purity you choose – 22 karat or 24 karats.

    5. How can I check whether the gold that I have purchased is authentic in Proddatur?

      One of the easiest ways to check the authenticity of your gold is to conduct the float test. Take your gold ornament and put it in a bowl of cold water. If the gold item sinks to the bottom of the bowl, then it is real gold since the precious metal’s density is high, otherwise it fake or a plated gold ornament.

    6. What is the difference between 22 karat gold and 24 karat gold in Proddatur?

      The difference between 22 karat gold and 24 karat gold is the amount of pure gold that is present in it. 24 karat gold is 100% pure gold, that is, it is composed of 100% pure gold. 22 karat gold, on the other hand, is composed of 91.67% pure gold. The 22 karat gold has impurities mixed with it in the form of alloy of metals like silver and copper.

    7. Why is 24 karat gold not used for making jewellery in Proddatur?

      The 24-karat gold is of the highest purity and is very soft. This softness allows the yellow metal to be easily drawn into wires and beaten into sheets. Because of this exceptional softness, it is difficult for a jeweller to craft intricate jewellery pieces with 24 karat gold.

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