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Rajahmundry is one of the biggest cities in Andhra Pradesh located on the banks of river Godavari river. The city was earlier known as Rajamahendravaram and is well known for its rich historic, economic and cultural backgrounds. It has earned the name ‘Cultural Capital of Andhra Pradesh’ over the years. The city’s museums and the river Godavari acts as the main tourist attraction in the city. The city is well known for its cloth and bullion markets. It houses one of the largest cloth markets in India and has many co-operative handloom houses located all over the city. The city is one of the bullion markets in the country and consists hundreds of shops that trade in not only gold but silver and platinum too.
Gold rate in Rajahmundry
The rate of gold varies from state to state in India. The price of gold in Rajahmundry depends on the quality of gold and weight of gold. Gold is weighed in grams and the price is decided according to the weight. The gold rate for 22 karat and 24 karat gold varies vastly as the purity of gold differs. Listed below is the gold rate for 22 karat and 24 karat gold in Rajahmundry as of 9th March 2016.
Gold Rate Trend in Rajahmundry for April 2018 to June 2018 (per gram of 24 karat gold)
|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.3,054 per gram|
|Highest price||Rs.3,153 per gram on 19 April||Rs.3,147 per gram on 14 May||Rs.3,119 per gram on 9 & 10 June|
|Lowest price||Rs.3,064 per gram on 6 April||Rs.3,103 per gram on 2 May||Rs.3,054 per gram on 30 June|
Gold Rate Trend in Rajahmundry for April 2018:
- Gold was priced at Rs.3,072 per gram when trading began in Rajahmundry for the month of April.
- Gold rates dropped to a monthly low of Rs.3,064 per gram on the 6th as demand remained weak and the dollar seemed to rise.
- Demand was on the bullish side this month after the initial fall, as the joint force of the US and NATO decided to attack Syria over the bombing of its citizens.
- As a result, gold rates began to surge, while the dollar plummeted. On the 19th, gold was at its highest of Rs.3,153 per gram as demand surged consistently as the dollar failed to recover and gold demand remained on the rise.
- The month ended with gold prices holding at Rs.3,123 per gram - marking a 1.66% incline in prices.
Gold Rate Trend in Rajahmundry for May 2018:
- When May’s trading began, gold was priced at Rs.3,114 per gram. Demand this month was slightly on the lower side after the dollar recovered from the previous month’s fall. This caused gold rates to drop after demand weakened.
- Gold was at its highest on the 15th when it traded at Rs.3,213 per gram and the lowest was recorded on the 3rd, when it sold at Rs.3,103 per gram.
- A slightly higher local demand helped offset the rise in the US dollar. Gold was seen trading at Rs.3,122 per gram on the final day of the month.
- There was a 0.25% change in price trends this month, brought about by a positive local demand amidst a rising dollar.
Gold Rate Trend in Rajahmundry for June 2018:
- If the US dollar felt shackled by the local trend, it broke through all of it this month as there were plenty of positive cues supporting the dollar.
- When the month began, gold was priced at Rs.3,100 per gram, which fell considerably within the first week after the payroll data showed some positive numbers.
- There was a incline in gold prices mid-month as demand seemed to rise and the metal traded at Rs.3,127 per gram on the 15th.
- However, a fall in demand caused gold rates to drop to a monthly low of Rs.3,054 per gram on the 24th of June.
- When the month ended, gold prices were recorded at Rs.3,059 per gram. Price trends were held to a 1.32% decline this month due to a buoyant dollar and resurgent markets.
Gold Rate Trend in Rajahmundry for January 2018 to March 2018 (per gram of 24 karat gold)
Rs.3,002 per gram
Rs.3,040 per gram
Rs.3,043 per gram
Rs.3,045 per gram
Rs.3,046 per gram
Rs.3,072 per gram
Rs.3,084 per gram on 20 & 21 January
Rs.3,103 per gram on 14 February
Rs.3,105 per gram on 24 & 25 March
Rs.3,001 per gram on 4 January
Rs.3,003 per gram on 8 February
Rs.3,030 per gram on 19 March
Gold Rate Trend in Rajahmundry for January 2018:
- Trading opened for the month with the yellow metal priced at Rs.3,009 per gram on the 1st with local demand held in check by the gaining US dollar.
- The dollar index rose against a basket of other currencies, pushing the dollar even higher over the next few days. This led to gold rates plummeting to Rs.3,000 per kg on the 4th.
- However, with the US employment data indicating a drop in the number of US jobs supporting the US economy, the dollar lost ground in the international market.
- With inflation concerns on the rise following the weaker-than-expected US inflation reports, demand for safe-haven assets skyrocketed. This led to gold prices surging to Rs.3,129 per kg on the 25th.
- Trading concluded for the month with the precious metal priced at Rs.3,045 per gram on the 31st with subdued but steady local demand from industries and jewellers.
- Rajahmundry recorded an increase of 1.19% in gold rates during the course of the month.
Gold Rate Trend in Rajahmundry for February 2018:
- The second month began with bullion rates holding at Rs.3,040 per gram with local demand suppressed by the strengthened US dollar and rising equities.
- With the dollar gaining against other major currencies in the international market, gold rates in Rajahmundry dropped to Rs.3,003 per gram on the 8th.
- Demand, however, picked up over the next week with an increased buying in the local markets ahead of Valentine’s Day eve and the precious metal was recorded trading at Rs.3,103 per gram on the 14th.
- With the US dollar regaining lost ground over the next two weeks, demand for the metal dropped significantly at the domestic level.
- On the last day, the yellow metal was recorded trading at Rs.3,046 per gram with subdued but steady demand from local jewellers, retailers and industries amid the poor trend overseas.
- Firm global cues coupled with steady domestic demand resulted in gold rates rising by 0.19% in Rajahmundry during the course of the month.
Gold Rate Trend in Rajahmundry for March 2018:
- The month commenced with gold prices holding at Rs.3,043 per gram on the 1st after the recovering dollar led to a decline in demand on the domestic front.
- The next few weeks saw demand for gold dropping with the US dollar rising against other apex currencies amid the well-performing equity markets.
- With the US Secretary of State being fired abruptly by the President, stock markets surged against market expectations. This led to the dollar strengthening and the bullion was recorded trading at Rs.3,030 per gram on the 19th.
- With market participants speculating over a possible trade-war scenario following the newly imposed US import tariffs, demand for safe-haven investments surged during the next couple of days.
- Gold was recorded trading at a monthly high of Rs.3,105 per gram on the 24th and 25th with strong investor demand brought about by the positive trend overseas.
- The first quarter came to an end with the precious metal priced at Rs.3,072 per gram on the 31st.
- Gold prices in Rajahmundry rose by 0.95% owing to strong geopolitical tensions that boosted safe-haven demand for the bullion during the month.
Gold Rate Trend in Rajahmundry for October 2017 to December 2017 (per gram of 24 karat gold)
|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|
Gold Rate Trend in Rajahmundry for October 2017
- Gold prices in October in Rajahmundry were on the decline due to a lack of demand both locally as well as internationally.
- The yellow metal opened the month trading at Rs.3,040 per gram, with prices seeing a bit of a slide due to a rising U.S. Dollar.
- Positive equity markets as well as stable global currencies led to a reduction in demand for bullion from overseas markets due to the high cost of import.
- A turbulent rally led markets to plunge briefly, leading to a surge in demand for gold, which reached a monthly high of Rs.3,059 per gram on 14 & 15 October.
- In spite of the start of the festive season, retail demand for gold did not see much of a rise due to a stable U.S. Dollar and strengthening equity markets.
- A renewal of hostilities between the United States and North Korea destabilised markets for a brief period, but demand for gold did not improve.
- The month ended with demand for the precious metal at its lowest, as gold closed at Rs.2,996 per gram on 31 October.
Gold Rate Trend in Rajahmundry for November 2017
- Demand for gold in November in Rajahmundry saw a slight improvement from the previous month, as market turbulence led to an increase in interest in the metal.
- Gold was priced at Rs.2,974 per gram on 1 November, with prices dropping marginally due to poor demand from jewellers and industrial units.
- Retail demand was also sluggish as buyers hoped for prices to fall further, which kept prices stagnant.
- Overseas demand rose slightly in the second week of November as U.S. equity markets saw some turbulence due to fears of an interest rate hike.
- Geopolitical tensions and internal political crises led to the dollar falling on poor investor sentiment, which led to gold prices rising marginally.
- Prices fluctuated towards the middle of the month, as local demand rose on favourable conditions though international demand was sluggish.
- A steady dollar rate notwithstanding, gold prices reached their highest rate for the month on 18 November, trading at Rs.3,030 per gram.
- Demand for the yellow metal from industry was muted due to constantly fluctuating market indices and a steady U.S. Dollar.
- The month ended with gold prices falling to Rs.2,996 per gram on 30 November to record a 0.73% rise in price over the course of the month.
Gold Rate Trend in Rajahmundry for December 2017
- The last month of the year saw gold prices fluctuate during the first half of the month due to conflicting cues from markets but prices rose overall.
- The month began with gold trading at Rs.2,982 per gram before prices dropped on poor demand for the metal.
- Gold fell to its lowest rate in Rajahmundry for the month, trading at Rs.2,906 per gram on 13 December as equity markets were bullish and the dollar traded high against the rupee.
- Jewellers increased demand towards the middle of the month, which led to a slight rise in the value of the precious metal.
- An increase in industrial demand led to prices rising, as retail demand rose due to shaky local equity markets.
- The month ended with gold reaching its highest rate for the month, trading at Rs.3,015 per gram on 31 December to record a 1.10% rise in value.
Find Today's Gold Rate in Top Metro Cities
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Gold Rate Trend in Rajahmundry for July 2017 to September 2017 (per gram of 24 karat gold)
|1st day||Rs.2,950 per gram||Rs.2,931 per gram||Rs.2,995 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 & 2 July||Rs.2,977 per gram on 12 & 13 August||Rs.2,995 per gram on 1 September|
|Lowest price||Rs.2,800 per gram on 14 July||Rs.2,900 per gram from 5- 7 August||Rs.3,071 per gram on 7 September|
Gold rate trend in Rajahmundry for July 2017
- The month began with the precious metal trading strong at Rs.2,950 per gram. This was also the highest recorded figure in the city.
- Poor global cues coupled with the introduction of GST in the country led a significant drop in domestic demand.
- On the 9th, gold price in Rajahmundry had dropped as low as Rs.2,869 per gram. However, prices picked up as the month progressed, owing to strong global cues along with a relatively improved demand.
- When trading concluded for the month, gold was priced at Rs.2,920 per gram as demand picked up against the falling dollar values
- Rajahmundry witnessed a decline of 1.01% in gold rate trends during the course of the month.
Gold rate trend in Rajahmundry for August 2017
- The bullion trade got back strong during the month as the industry shook itself off the GST stronghold.
- When trading commenced, the precious metal was recorded trading at Rs.2,931 per gram.
- The US economy tanked as the dollar and equities market took a hit with diplomatic relations between the US and North Korea deteriorating. This led to gold prices surging to Rs.2,977 per gram on the 12th.
- Prices recovered over the last week of August to record the highest monthly gold rate of Rs.2,980 per gram on the 28th.
- Gold rate trends in Rajahmundry recorded an increase of 1.16% owing to an improved demand compounded with strong global cues.
Gold rate trend in Rajahmundry for September 2017
- When the month began, the yellow metal recorded trading at RSs.2,997 per gram on the 1st.
- Safe-haven investments around the world skyrocketed as the US-North Korean overseas relations escalated. This led to gold rates surging to Rs.3,100 per gram - the highest recorded monthly gold rate - on the 8th.
- However, the US stock markets recovered as the month progressed, and gold price in Rajahmundry was recorded under the Rs.3,040 per gram for most of the month.
- When trading concluded for the month, gold price in Rajahmundry was priced at Rs.3,040 per gram on the 30th.
- An increase of 1.43% in gold price trends was recorded in Rajahmundry during the month, due to major geopolitical tensions affecting the global market.
Gold Rate Trend in Rajahmundry for April 2017 to June 2017 (per gram of 24 karat gold)
|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|
Gold rate trend in Rajahmundry for April 2017
- The fluctuating demand for gold in Rajahmundry priced the precious metal at Rs.2,956 per gram on 1 April which dropped to Rs.2,983 per gram on 5 April.
- The subdued demand for gold from the local markets led to gold being priced at Rs.2,954 per gram on 8 April.
- Fluctuating U.S. dollar rates boosted the demand for gold from the local market which priced it at Rs.3,010 per gram on 12 April.
- Investors showed an incline in demand due to falling markets, gold was priced at Rs.3,040 per gram on 15 April.
- The overall decline in demand from the international industrial sector caused a dip in rates to Rs.2,998 per gram on 25 April as the French Election 2017 started boosting the markets.
- Ending the month with Rs.2,984 per gram, gold rate in Rajahmundry showed an incline of 0.94% for the month of April.
Gold rate trend in Rajahmundry for May 2017
- The boosted European markets due to the French Election 2017 caused a decline in the demand for gold in the month of May.
- Gold traded at Rs.2,984 per gram on 1 May and fell to Rs.2,899 per gram on 7 May as the victory of Emmanuel Macron boosted the stock markets.
- Priced at Rs.2,892 per gram on 14 May, the subdued demand for gold caused a decline in the prices.
- The poor U.S. dollar rates and a slight increase in gold’s demand contributed to the increase in prices to Rs.2,956 per gram on 18 May and Rs.2,979 per gram on 23 May.
- Though the gold rates were at Rs.2,984 per gram on 30 May, it dipped to Rs.2,963 per gram on the last day of the month.
- The gold prices fell by - 0.53% showing an overall decline in the demand.
Gold rate trend in Rajahmundry for June 2017
- For the month of June in Rajahmundry, the demand for gold was noticed to be strong due to various factors. Gold was priced at Rs.2,985 per gram at the beginning of the month which increased to Rs.3,030 per gram on 7 June.
- The investors coming from falling markets started looking for a safe haven which led to an increase in the demand, however, the reduced local demand priced gold at Rs.2,981 per gram on 11 June.
- The subdued demand from local and markets due to speculations pertaining to trade in crude dropped the gold rates to Rs.2,949 per gram on 19 June in spite of the weak U.S. dollar rates.
- Gold was priced at Rs.2,964 per gram on 24 June as an incline in demand from local jewellers was noted.
- Though gold traded at Rs.2,977 per gram on 26 June, it was priced at Rs.2,967 per gram on 30 June.
- An overall decline in the demand for gold led to a -0.05% drop in the gold prices for the month of June.
Gold Rate Trend in Rajahmundry for January 2017 to March 2017 (per gram of 24 karat gold)
|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|
Gold Rate Trend for Rajahmundry in January 2017:
- Gold put up a great performance in January as the effects of demonetisation decreased with more cash entering the economy.
- On 1st, gold was trading at Rs.2,821 per gram, which increased over the next few days as demand increased amidst global concerns
- Prices kept increasing as they went to Rs.2,876 per gram by the 9th and went up to Rs.2,974 per gram by the 18th.
- The month ended with gold trading at Rs.2,954 per gram,
- In Rajahmundry, gold price trends changed by 4.71% for January.
Gold Rate Trend for Rajamundry in February 2017:
- When February began, gold was trading at Rs.2,965 per gram.
- But due to a lack of demand and a steeply strengthening dollar, gold prices went down to Rs.2,945 per gram by the 4th.
- But as concerns over Donald Trump’s foreign policy loomed large, gold prices increased significantly over the subsequent days.
- Gold hit its highest price for the month on 25th and 26th, when it was trading at Rs.3,014 per gram.
- February ended with gold trading at Rs.3,003 per gram and price trends in the city changed at 1.28% for the month of February.
Gold Rate Trend for Rajahmundry in March 2017:
- March was a terrible period for gold sales in Rajahmundry as several global factors wreaked havoc on bullion trading.
- The month started with gold trading at Rs.2,990 per gram - a rate which kept decreasing as demand kept falling.
- The drop in demand could be attributed to US Fed Rate hike, which pushed invested away from investing in bullion.
- As demand kept dropping, gold prices went as low as Rs.2,900 per gram by the 15th.
- However, gold prices rallied slightly over the next few days amidst volatile markets to end the month at Rs.2,940 per gram.
- Price trends in Rajahmundry fell by -1.67% as several global factors brought bullion demand down.
|1st day||Rs.3,152 per gram||Rs.3,065 per gram||Rs.2,893 per gram|
|Last day||Rs.3,067 per gram||Rs.2,942 per gram||Rs.2,821 per gram|
|Highest price||Rs.3,152 per gram on 1st & 2nd October||Rs.3,166 per gram on 9th November||Rs.2,895 per gram on 2nd December|
|Lowest price||Rs.3,021 per gram on 15th & 16th October||Rs.2,914 per gram on 25th November||Rs.2,767 per gram on 26th December|
Gold Rate Trend for Rajahmundry in October 2016
- The first week of October saw gold trading at Rs.3,152 per gram as festive season was looming large.
- However, prices seemed to drop during the second week as the US dollar strengthened against a low-performing rupee.
- The third week saw gold prices fluctuate and later increase slightly as the results of US Presidential Elections was awaited by markets around the world.
- Despite all the fluctuations, the last week saw gold prices gain by a positive margin to end the month at Rs.3,067 per gram.
- Overall, the price of gold witnessed a change of -2.69% during the month.
Gold Rate Trend for Rajahmundry in November 2016
- At the beginning of the month, gold was trading at Rs.3,065 per gram.
- There were plenty of catalytic factors that led to prices fluctuations throughout the month.
- Despite local demand being low, a Donald Trump victory in the US elections brought the markets crashing down thereby increasing rates.
- Demonetisation of higher currency notes was introduced at the beginning of second week which led to market crashing and demand for gold increasing.
- The next few days saw immense cash shortage in the entire country, which paved the way for low demands during the festive season.
- November saw gold prices change by -4.01% in Rajahmundry.
Gold Rate Trend for Rajahmundry in December 2016
- The effects of demonetisation was still visible as December began leading to little and no increase in demand.
- The last month of Q4 began with gold trading at Rs.2,893 per gram, which held steady for the first week but began to fall as the second week began.
- Festive periods, i.e., Christmas and New Year were looming large which led to an increased spending and thereby a decrease in demand for gold.
- This led to price drop from the 11th to the 20th when gold trading prices went from Rs.2,836 per gram to Rs.2,788 per gram.
- Prices continued their downward trend up until the last 4 days of 2016 when a sudden spike was witnessed.
- Rates went from Rs.2,783 per gram on the 27th to Rs.2,804 per gram on the 28th.
- The last month of 2016 ended with gold prices holding at Rs.2,821 per gram.
- Although December fared comparatively better than its previous two months, there still was a decline in gold prices.
- Overall, there was a price drop of -2.48% to be seen during the month of December.
|1st day||Rs.3,127 per gram||Rs.3,215 per gram||Rs.3,132 per gram|
|Last day||Rs.3,214 per gram||Rs.3,148 per gram||Rs.3,169 per gram|
|Highest price||Rs.3,214 per gram on 30th and 31st July||Rs.3,200 per gram from 19th-21st August||Rs.3,190 per gram on 22nd September|
|Lowest price||Rs.3,124 per gram on 2nd and 3rd July||Rs.3,148 per gram on 31st August||Rs.3,132 per gram on 1st September|
|Trend||Increase in price||Decrease in price||Increase in price|
Gold Rate Trend in Rajahmundry for July 2016
- Gold traded at Rs.3,127 per gram on 1st July with the price fluctuating during the week due to market instability and weak demand.
- The price rose to Rs.3,136 per gram on 4th July as demand from overseas rose, resulting in the price reaching Rs.3,162 on 10th July.
- Continued demand led to the price rising to Rs.3,171 per gram on 11th July before falling to Rs.3,146 per gram on 17th July as demand stabilised.
- The price fell marginally as overseas trends led to prices dropping in spite of domestic demand being brisk, with gold trading at Rs.3,147 per gram on 18th July.
- The markets rallied in the last week, leading to gold demand falling before recovering to close at Rs.3,214 per gram on 31st July.
Gold Rate Trend in Rajahmundry for August 2016
- The start of the month saw gold sell at Rs.3,215 per gram before prices fell due to poor demand.
- Gold sold at Rs.3,168 per gram on 8th August and appreciated as demand rose due to market instability.
- Gold traded at Rs.3,181 per gram on 15th August on sustained demand from the domestic market.
- Prices remained stable at Rs.3,182 per gram on 22nd August but fell mid-week.
- The strengthening markets led to gold prices to fall to Rs.3,148 per gram on 31st August.
Gold Rate Trend in Rajahmundry for September 2016
- Gold traded at Rs.3,132 per gram on 1st September, with prices staying stable during the week.
- Prices rose marginally to Rs.3,150 per gram on 5th September and reached Rs.3,195 per gram on 8th September as domestic demand rose.
- The price stabilised at Rs.3,171 per gram on 12th September as the dollar rate fluctuated.
- Gold traded at Rs.3,160 per gram on 19th September and dropped as currency and stock markets recovered.
- Prices reached Rs.3,186 per gram on 26th September but fell to Rs.3,169 per gram on 30th September.
|1st day||Rs. 2,894 per gram||Rs. 3,069 per gram||Rs.2,918 per gram on June 1st|
|Last day||Rs. 3,069 per gram||Rs. 2,916 per gram||Rs.3,103 per gram on 30th of June|
|Highest price||Rs. 3,069 per gram on April 30th||Rs. 3,069 on May 1st||Rs.3,165 per gram on 25th and 26th of June|
|Lowest price||Rs. 2,876 per gram on April 4th||Rs. 2,900 on May 30th||Rs.2,911 per gram on June 3rd|
Gold Rate Trend in Rajahmundry in April 2016
- 1st April saw gold trading low at Rs. 2,894 per gram.
- With the end of the jeweller’s strike, prices were released from its stagnant state and started to regain its strength.
- Gold rates climbed to the top, closing the month at Rs. 3,069 per gram on 30th April.
- Prices rose by 6.04%.
Gold Rate Trend in Rajahmundry in May 2016
- On the 1st of May, gold rates traded at Rs. 3,069 per gram.
- May 1st was the highest rate for gold as prices began to steadily decline due to the release of the Fed minutes which led to an expectation of a rate hike from the U.S. Federal Reserve.
- Prices continued to decline and ended at Rs. 2,900 on May 30th.
Gold Rate Trend of Rajahmundry in June 2016
- Gold opened the month at Rs.2,918 per gram on the 1st of June.
- Gold hit the lowest for the month at Rs.2,911 per gram on the 3rd of June.
- Gold scored the highest for the month on 25th and 26th of June at Rs.3,165 per gram.
- Gold closed the month at Rs.3,103 per gram on the 30th of June.
|1st day||Rs. 2,541 per gram||Rs. 2,714 per gram||Rs. 2,994 per gram|
|Last day||Rs. 2,710 per gram||Rs. 2,964 per gram||Rs. 2,883 per gram|
|Highest price||Rs. 2,727 per gram on 28th January||Rs. 2,987 per gram on 28th February||Rs. 2,991 per gram on 6th - 13th March|
|Lowest price||Rs. 2,538 per gram on 2nd January||Rs. 2,714 per gram on 1st February||Rs. 2,871 per gram on 28th March|
Gold Rate Trend in Rajahmundry in January 2016
- On 1st January, gold traded at Rs. 2,541 per gram.
- The trend for January indicated a rise through the month.
- 28th January had the highest gold rate at Rs. 2,727 per gram due to an increase in demand.
- Gold dipped slightly again trading at Rs. 2,710 per gram towards the end of the month.
- A substantial increase of 6.65% in the rates was recorded for January.
Gold Rate Trend in Rajahmundry in February 2016
- On 1st February, gold traded at Rs. 2,714 per gram.
- The trend for the month was a substantial increase.
- The highest price was a marginal increase on 28th February at Rs. 2,987 per gram.
- By the end of the month, prices had increased by 9.21%.
Gold Rate Trend in Rajahmundry in March 2016
- As demand stabilized, the prices of gold became steady with gold trading at Rs. 2,994 per gram at the beginning of March.
- Jeweller’s called for a nationwide strike which led to gold rates stagnating.
- The highest gold rate for march was between 6th and 13th when gold stayed constant at Rs. 2,991 per gram.
- Towards the end of the month, rates dropped to Rs. 2,883 per gram, ending the month with a 3.07%decline.
Gold rate for 22 karat gold
Weight of 22 karat gold
Price for 22 karat gold
Gold rate for 24 karat gold
Weight of 24 karat gold
Price for 24 karat gold
The above mentioned rates is as of 9th March 2016 and is bound to change.
Gold investments in Rajahmundry
Gold investment is not only limited to bullions and there are several other ways in which one can make an investment in gold. Listed below are some of the popular types of investment in gold in Rajahmundry.
Gold bullion- Rajahmundry has one of the biggest bullion markets in the country. Gold bullion is one of the most popular types of gold investment as the purity of gold in bullion bars is above 99.5%. The best way of acquiring gold at low price is through bullion bars.
Gold jewelry- Another popular type of investment in gold is gold jewelry. The price of gold jewelry depends on the design and the quality of gold too. There will be a lot of additional charges such as wastage charge, making charge added along with the rate of gold in case of gold jewelry.
- Also Check: Gold Rate in Andhra Pradesh
Also Check Gold Price in NearBy Cities of Rajahmundry
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