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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 October 2016 to December 2016 (per gram of 24 karat gold)
|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.
Gold Rate Trend in Rajahmundry for July 2016 to September 2016 (per gram of 24 karat gold)
|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.
Gold Rate Trend in Rajahmundry for April 2016 to June 2016 (per gram of 24 karat gold)
|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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|Gold Rate In Guntur||Gold Rate In Nellore||Gold Rate In Kurnool|
|Gold Rate In Kakinada||Gold Rate In Proddatur||Gold Rate In Warangal|
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