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Gold Price in Vijayawada
Gold in Vijayawada is much sought-after due to several factors including its newfound status as a commercial hub of Andhra Pradesh. Vijayawada has gained increased significance post bifurcation of the erstwhile united Andhra Pradesh state. Residents of Vijayawada buy the yellow precious metal in the form of intricate jewelry including temple jewelry. There is significant demand for gold coins and bars as well. Gold in Vijayawada is mostly considered a traditional investment. The precious metal is widely bought during weddings and other festivities as well. Gold rates in Vijayawada are subject to various developments in India and across the world. However, gold rates in Vijayawada are also dependent on the local taxes and transportation charges in addition to various other additional costs charged by jewelry stores in the city. With increasing population of the middle-class population in Vijayawada, demand for gold will also go up.
Trend of Gold Rate in Vijayawada for July 2017 (rates per gram for 24 karat gold)
July 2017 - Week 1 (1st to 9th)
- On 1 July and 2 July, gold traded steadily at Rs.2,950 per gram in Vijayawada but reduced marginally the next day to trade at Rs.2,940 per gram.
- The rate of this yellow metal was steady ahead of the US Independence day holiday. However, the U.S. dollar value was quite low due to speculations of monetary tightening by central banks.
- Gold was priced at Rs.2,914 per gram on the 4 of July but fell the next day to trade at Rs.2,908 per gram due to a fall in the demand for this metal.
- Due to increase in demand for this metal in international markets, the rate of gold recovered marginally to be priced at Rs.2,910 per gram. This demand was not sustained resulting in gold trading at Rs.2,892 per gram on 7 July.
- On the last two days of the first week of July in Vijayawada, this metal traded at Rs.2,869 per gram due to low but steady demand.
July 2017 - Week 2 (10th to 16th)
- When trading began on the 10th of July in Vijayawada, gold was trading at Rs.2,867 per gram.
- However, as demand fell globally due to strengthening dollar, gold prices went down down by Rs.44 to go reach Rs.2,824 per gram on the 11th.
- Prices went down on the 12th - for the third consecutive day - to Rs.2,815 per gram.
- The 14th saw prices fall as well as gold rates went down to Rs.2,800 per gram as demand didn’t pick up.
- Buoyed by a sharp decline in US dollar rates and an increase in local demand, gold prices went up to Rs.2,818 per gram on the 15th.
- When the week came to an end on the 16th, gold was still trading at Rs.2,818 per gram, thanks to a consolidated bullion trading session.
Trend of Gold Rate in Vijayawada for June 2017 (rates per gram for 24 karat gold)
|June 1 Rate||Rs.2,985 per gram|
|June 30 Rate||Rs.2,967 per gram|
|Highest Rate in June||Rs.3,030 per gram on 7 June|
|Lowest Rate in June||Rs.2,940 per gram on 20 & 27 June|
June 2017 - Week 1 (1st-4th):
- In Vijayawada, gold prices rallied during the last two days after a brief fall on the 2nd.
- On the 1st of June, gold was priced at Rs.2,985 per gram seeing as how there was a slump in demand went down to Rs.2,964 per gram.
- As prices increased internationally, there was a sharp incline in Hyderabad as well, which saw prices increase by Rs.34 to hit Rs.2,998 per gram on the 3rd.
- Demand sustained for much of the 4th as gold was still trading at Rs.2,998 per gram as weekend approached.
June 2017 - Week 2 (5th - 11th)
- In Vijayawada, gold’s trading price opened at Rs.3,012 per gram on the 5th.
- Concerns over US Labour Department’s Employment Report, prices went up very slightly to Rs.3,013 per gram on the 6th.
- The 7th saw prices rise by Rs.17 due to a weakening dollar to end the day’s gold rate at Rs.3,030 per gram.
- As the demand couldn’t be sustained, gold prices went back down to Rs.3,017 per gram on the 8th.
- The 9th recorded gold prices fall by a massive margin as they went down to Rs.,2,987 per gram - a whopping Rs.30 per gram decrease.
- Prices corrected themselves on the 10th to hit Rs.2,981 per gram before continuing at the same rate till the end of the week.
June 2017 - Week 3 (12th-18th)
- There were a number of fluctuations noted in the rate of gold in Vijayawada due to geopolitical factors as well as variations in demand from international markets.
- On 12th of June, gold traded at Rs.2,975 per gram and increased slightly the next day to be priced at Rs.2,977 per gram.
- As the third week of June progressed, the price of gold increased until the 14th of the month but reduced thereafter.
- An issue regarding the import of bullion by banks’ was noted due to lack of clarity with respect to GST.
- On the final day of the third week, the gold price in Vijayawada fell to Rs.2,955 per gram due to a decline in the demand for this metal.
June 2017 - Week 4 (19 to 25)
- Gold prices reflected an increase in price in spite of minor fluctuations during the course of the week.
- The price of gold was Rs.2,949 per gram on 19 June, rising to Rs.2,951 per gram on 21 June after a minor drop. The rising demand from local jewellers led to a spike in the price of gold.
- Prices continued to rise as the week progressed, with gold trading at Rs.2,956 per gram on 22 June as demand increased before the implementation of the new tax regime.
- Industrial demand also increased, spurred on by higher international demand due to a fluctuating U.S. Dollar.
- Gold reached Rs.2,958 per gram on 23 June before rising to Rs.2,964 per gram on 24 June.
- The week ended with gold trading at Rs.2,964 per gram on 25 June due to an increase in demand and positive cues.
June ’17 – Week 5 (26 to 30)
- Gold prices in Vijayawada fluctuated due to the volatile nature of the economy on the eve of the launch of the new indirect tax regime.
- Gold was priced at Rs.2,977 per gram on 26 June but fell the next day, trading at Rs.2,940 per gram due to a sharp dip in demand.
- The U.S. Dollar also revived, which led to a reduction in demand for the yellow metal.
- Prices rose to Rs.2,967 per gram on 29 June and remained constant as the month ended.
|May 1st Rate||Rs.2,984 per gram|
|May 31st Rate||Rs.2,963 per gram|
|Highest Rate in May||Rs.2,984 per gram on 1st May|
|Lowest Rate in May||Rs.2,889 per gram on 10th & 11th May|
May 2017 - Week 1 (1st-7th)
- Due to fluctuations in the demand for this metal, there were a number of variations noted in the rate of gold during the month.
- On the first day of the week, this precious metal traded at Rs.2,984 per gram. However, this price was not sustained and the rate of gold fell to Rs.2,955 per gram the next day.
- As the week progressed, the rate of gold continued to decline due to a rise in the value of the U.S.Dollar.
- Due to low demand and political factors, the price of this metal continued to decline.
- On the 5th of May, gold traded at Rs.2,910 per gram and reduced the next day to trade at Rs.2,899 per gram. This rate was noted on the last day of the week as well.
May 2017 – Week 2 (8th -14th)
- Gold was priced at Rs.2,903 per gram on 8th May, with the price falling during the week due to lower demand.
- Prices fell to Rs.2,899 per gram on 10th May with demand falling as markets rose following the victory of Emmanuel Macron in the French presidential elections.
- Gold prices rose marginally as the week ended due to a slight increase in domestic demand, trading at Rs.2,891 per gram on 13th May.
- Prices remained constant as the week ended, with gold prices dropping by Rs.12 per gram over the course of the week.
May 2017 - Week 3 (15th - 21st)
- On 15th, when trading began in Vijayawada, gold was trading at Rs.2,890 per gram which then increased to Rs.2,894 per gram on the 16th.
- As news about US President Donald Trump’s intervention on a federal investigation surfaced, gold rates shot up to Rs.2,956 per gram on 18th.
- The 19th, however, saw prices dip down to Rs.2,949 per gram as demand went down after that significant surge.
- Rates remained the same at Rs.2,954 per gram on the 20th and the 21st after marginally increasing from the rates seen on the 19th.
May 2017 – Week 4 (22nd - 28th)
- In Vijaywada, this yellow metal traded at Rs.2,947 per gram which was relatively low as compared to rates noted in other cities.
- On the 23rd, the demand for gold marginally increased with this metal being priced at Rs.2,979 per gram. There was no change in the price of gold despite the Manchester blasts as investors remained in the sidelines.
- Due to a reduction in the demand for this metal from international markets, the rate of gold fell to trade at Rs.2,963 per gram. This rate was noted on the 25th of May as well as the dollar rate fell following the U.S Fed Reserve’s stance of downplaying the chance of hiking interest rate.
- Gold was priced at Rs.2,958 per gram on the 26th of May due to a reduction in the demand for this metal.
- On the last two days of the week, gold traded at Rs.2,979 per gram due to sustained demand.
May ’17 – Week 5 (29th to 31st)
- The gold price in Vijayawada was in line with prices seen across the country, trading at Rs.2,977 per gram on 29th May.
- Prices fell from the previous week as the gold rate plunged further on reduced demand from the industrial sector as well as local jewellers.
- Prices rose to Rs.2,984 per gram on 30th May as investors’ interest in the metal rose due to a marginal drop in market value in the city.
- Gold prices fell as the month ended, trading at Rs.2,963 per gram on 31st May as sluggish demand and unfavourable market conditions kept prices low, with the metal registering a loss of 0.70% overall.
|April 1st Rate||Rs.2,956 per gram|
|April 30th Rate||Rs.2,984 per gram|
|Highest Rate in April||Rs.3,035 per gram on the 22nd and 23rd of April|
|Lowest Rate in April||Rs.2,954 per gram from the 8th to the 10th of April|
April 2017 - Week 1 (1st-9th)
- Price of gold was not very high in Vijayawada during the first week of April. Gold traded at Rs.2,956 per gram on the 1st of April. This rate was noted the next day as well.
- However, due to varying demands and a fall in the value of the U.S. Dollar, the price of gold fell to Rs.2,962 per gram on the 3rd.
- Due to increased demand for this metal, the rate of gold rose to Rs.2,977 per gram on the 4th and continued increasing the next day as well.
- This demand however could not be maintained, and the price of gold fell to Rs.2,972 per gram on the 7th.
- As the first week of April came to an end, the price of gold declined even further to trade at Rs.2,954 per gram on the last two days of the week.
April 2017 - Week 2 (10th-16th)
- On 10th, gold was selling at Rs.2,958 per gram and then increased to Rs.2,968 per gram on 11th as demand from local retailers and buyers went up.
- The 12th saw prices increase sharply - to the tune of Rs.42 per gram - to go up to Rs.3,010 per gram as demand kept going up.
- Comparatively, the 13th only saw a marginal increase, this time by Rs.4 to bring gold prices up to Rs.3,014 per gram.
- On 14th, gold price in Vijayawada went up again as buyers opted for gold more with uncertainties looming large in the world market.
- Priced reached 3,031 per gram on 14th and then increased by Rs.9 to reach Rs.3,040 per gram on 15th.
- When the second week of April ended in Hyderabad, gold as still trading at Rs.3,040 per gram.
April 2017 - Week 3 (17th-23rd)
- Due to fluctuating demand for this precious metal, the rate of gold varied throughout the third week of April in Vijayawada.
- On the first day of the third week, this yellow metal was priced at Rs.3,034 per gram. However, this rate was not sustained and fell to Rs.3,021 per gram the next day.
- A marginal recovery in the demand for gold resulted in this metal trading at Rs.3,031 per gram on the 19th of April in Hyderabad.
- Due to political tension in North Korea and Syria, this metal traded higher in early trade as investors flocked to safe haven assets.
- On the 20th and 21st of April, the rate of gold plunged to Rs.3,020 per gram. However, during the last two days of the week, the price of gold marginally increased to trade at Rs.3,035 per gram.
April 2017 - Week 4 (24th-30th)
- Due to geopolitical factors and the variations in the value of the U.S. Dollar, the rate of gold fluctuated quite a bit during the final week of April in Vijayawada.
- On the 24th of April, this precious metal was priced at Rs.3,012 per gram. However, this price was not sustained and the rate of gold fell to Rs.2,998 per gram the next day.
- Due to a fall in the demand for this metal from domestic markets, gold was priced at Rs.2,964 per gram on the 26th of April.
- A slight recovery in the rate of gold saw this metal trading at Rs.2,974 per gram on the 27th of April.
- On the 29th and 30th of April, the price of gold increased slightly to trade at Rs.2,984 per gram.
|March 1st Rate||Rs.2,990 per gram|
|March 31st Rate||Rs.2,940 per gram|
|Highest Rate in March||Rs. per gram on 1st March|
|Lowest Rate in March||Rs.2,900 per gram on 15th March|
March 2017 - Week 1 (1st - 4th):
- Vijaywada saw gold prices change on all the days of March week 1.
- Much like Hyderabad, gold, in Vijaywada, was trading at Rs.2,990 per gram but increased to Rs.2,994 per gram.
- The 3rd witnessed gold prices drop significantly by Rs.21 per gram to reach Rs.2,973 per gram due to strengthening US dollar.
- On 4th, rates went down again but only by a slight margin to end the week at Rs.2,972 per gram.
March 2017 - Week 2 (5th - 11th):
- Price trends in Vijayawada was more or less the same as it was in Hyderabad.
- The week began with gold selling at Rs.2,972 per gram but went down to Rs.2,970 per gram on 6th and went down again to trade at Rs.2,949 per gram on 7th.
- Rates picked up on 8th to hit Rs.2,970 per gram but went down to Rs.2,951 per gram on 9th.
- The last two days of week 2 were no respite either as prices went down again to Rs.2,933 per gram on 10th but slightly improved to reach Rs.2,945 per gram on 11th.
March 2017 - Week 3 (12th-18th):
- The price of gold in Vijayawada reflected trends prevalent across the country, with gold trading at Rs.2,949 per gram on 13th March.
- The prices dropped to Rs.2,933 per gram on 14th March due to a dip in industrial demand and falling local demand.
- Rate of gold continued to drop the next day due to a fall in demand from both domestic as well as international markets.
- On the 16th of March, the rate of gold was Rs.2,928 per gram owing to a rise in the value of the U.S. dollar.
- Towards the end of the week, gold traded at Rs.2,940 on the last two days due to sustained demand for this metal.
March 2017 - Week 4 (19th-25th):
- In Vijayawada, fourth week of March began with gold trading at Rs.2,947 per gram.
- Rates fell to Rs.2,931 per gram as demand saw a slight decline on the 21st.
- Prices rallied against a weakening dollar, which brought about an increase of Rs.40 per gram for the metal to trade at Rs.2,971 per gram on 22nd.
- Rates increased again on the 23rd to reach Rs.2,973 per gram but fell on the 24th to Rs.2,967 per gram as the US dollar strengthened.
- Prices fell once again on the 24th to reach Rs.2,964 as the US dollar kept rallying against the price of gold.
- On the last day of March week 4, gold prices remained unchanged and was trading at Rs.2,964 per gram.
March 2017- Week 5 (26th-31st):
- Gold price in Vijayawada fluctuated for much of week 5.
- On 27th, gold was priced at Rs.2,977 per gram, but went down to Rs.2,971 per gram as domestic demand went down.
- Rates remained the same on 28th and followed the global trend, where prices seemed to stabilise.
- On 30th, gold rate in Vijayawada went down as international bullion rates tumbled, to reach Rs.2,960 per gram.
- When the week drew to an end on 31st, silver was priced at Rs.2,940 per gram - marking a decrease of Rs.37 from the beginning of the week.
|February 1st Rate||Rs.2,957 per gram|
|February 28th Rate||Rs.3,003 per gram|
|Highest Rate in February||Rs.3,014 per gram on 25th & 26th February|
|Lowest Rate in February||Rs.2,940 per gram on 3rd February|
February 2017 - Week 1 (1st-4th):
- Gold prices in Vijayawada followed a bit of a downward trend for the entire week.
- On 1st, when the week began, gold was trading at Rs.2,965 per gram but a fall in demand brought the prices down on the subsequent day.
- The 2nd saw gold prices at Rs.2,954 per gram - a Rs.11 decrease from the previous day.
- Prices dropped on the 3rd as well, by Re.1, for gold to trade at Rs.2,953 per gram.
- The last day of the week witnessed a significant decrease in gold prices as the yellow metal traded at Rs.2,944 per gram.
February 2017 - Week 2 (5th-11th)
- In keeping with the trend across other major Indian cities, the price of gold in Vijayawada in February saw a gradual increase during the week.
- Gold was priced at Rs.2,944 per gram on 5th February, with consistent demand from the domestic market and strong international cues keeping prices high.
- The price rose to Rs.2,980 per gram on 7th February as the U.S. markets began to falter due to uncertainty over the travel ban and its domino effect on trade.
- Prices fell as the U.S. Dollar strengthened mid-week, with gold trading at Rs.2,979 per gram on 8th February.
- Gold prices rose again, trading at Rs.2,982 per gram on 9th February as market fluctuations saw investors rush to the safe haven asset.
- The price of gold fell by Rs.40 per gram the next day, trading at Rs.2,946 per gram.
- Prices rose marginally as the week ended, with gold trading at Rs.2,964 per gram on 11th February to close Rs.20 per gram higher than the start of the week.
February 2017 - Week 3 (12th-18th)
- The price of gold in Vijayawada reflected trends prevalent across the country, with gold trading at Rs.2,964 per gram on 12th February.
- The prices dropped to Rs.2,959 per gram on 13th February on 13th February due to a dip in industrial demand and falling local demand.
- Prices dropped further to Rs.2,953 per gram on 14th February as the U.S. Dollar rose on positive cues, which resulted in demand for gold falling.
- Prices fell to a weekly low of Rs.2,947 per gram on 15th February as demand continued to fall due to poor demand.
- A rise in industrial demand from Asia led to prices rising to Rs.2,975 per gram on 16th February, with the price rising by Rs.28 per gram.
- Prices rose further to trade at Rs.2,988 per gram on 17th February.
- The week ended with gold trading at Rs.2,980 per gram on 18th February, registering a rise in price of Rs.16 per gram.
February 2017 - Weeks 4 & 5 (19th-28th)
- Gold prices in Vijayawada increased in the last two weeks on consistent demand.
- Gold traded at Rs.2,980 per gram on 19th February but fell to Rs.2,973 per gram on 21st February.
- Prices rose as industrial demand rose, trading at Rs.2,976 per gram on 23rd February and Rs.2,995 per gram on 24th February.
- Steady demand led to gold trading at Rs.3,014 per gram on 25th & 26th February.
- Prices dropped to Rs.3,003 per gram on 28th February, as gold recorded a 1.55% rise in price during the month.
|January 1st Rate||Rs.2,821 per gram|
|January 31st Rate||Rs.2,954 per gram|
|Highest Rate in January||Rs.2,974 per gram on 24th January|
|Lowest Rate in January||Rs.2,821 per gram on 1st & 2nd January|
January 2017 - Week 1 (1st to 7th)
- In Vijaywada, as was in the rest of the country, gold prices increased to mark a positive growth.
- The new year began with gold trading at Rs.2,821 per gram before increasing to Rs.2,824 per gram on the 2nd.
- On 3rd, prices increased by Rs.12 for gold to trade at Rs.2,836 per gram and hit Rs.2,846 the next day on the 4th.
- The 5th again saw prices increase by Rs.15 for gold to trade at Rs.2,861 per gram and gained further to sell at 2,868 on the 6th.
- When the week ended on the 7th, gold prices had increased to finish the first week of 2017 at Rs.2,872 per gram.
January 2017 - Week 2 (8th to 15th)
- Gold prices in Vijayawada increased during the week, in keeping with the trend across the country.
- Gold was priced at Rs.2,872 per gram on 8th January, with prices rising the next day to Rs.2,876 per gram on 9th January.
- A spurt in demand from the domestic market to gold prices rising by Rs.16 per gram to trade at Rs.2,892 per gram on 10th January.
- A minor increase in price was recorded on 11th January, with gold trading at Rs.2,909 per gram.
- Prices rose to Rs.2,925 per gram on 12th January, an increase of Rs.16 per gram though prices fell the following day due to a dip in demand.
- Prices recovered to trade at Rs.2,941 per gram on 14th January, with the price remaining constant as the week ended on 15th January.
January 2017 - Week 3 (15th to 21st):
- Vijayawada wasn’t impervious to fluctuations either as gold rates seemed to ebb and flow through the week.
- The week began on the 15th with gold trading at Rs.2,941 per gram, which later increased to Rs.2,954 per gram on the 16th.
- Prices increased again on the 17th for gold to trade at Rs.2,963 per gram and later to Rs.2,974 per gram on the 18th.
- The 19th, however, saw prices drop considerably to hit Rs.2,959 per gram and decreased further to Rs.2,951 per gram on the 20th.
- At the end of the week, gold was seen to be trading at Rs.2,962 per gram - an increase of Rs.11 from the previous day’s closing price.
January 2017- Weeks 4 & 5 (22nd to 31st)
- The price of gold in Vijayawada fluctuated during the week, rising initially before dropping as the week ended.
- Gold was priced at Rs.2,962 per gram on 22nd January, rising to Rs.2,974 per gram on 23th January as demand from international markets boosted prices.
- The Lunar New Year led to a drop in demand for gold among Asian countries, which reflected in the prices, as gold traded at Rs.2,951 per gram on 25th January, falling further to Rs.2,911 per gram on 27th January.
- A slight recovery was seen as U.S. markets crashed due to the implementation of an immigration ban in the U.S, resulting in gold trading at Rs.2,954 per gram on 31st January.
|December 1st Rate||Rs.2,890 per gram|
|December 31st Rate||Rs.2,821 per gram|
|Highest Rate in December||Rs.2,892 per gram on 1st and 2nd December|
|Lowest Rate in December||Rs.2,767 per gram on 22nd December|
December 2016 - Week 1 (1st to 4th)
- Gold traded at Rs.2,970 at the beginning of December 1st.
- The Andhra Pradesh city is the only one that saw some change for most days of this week as it traded at Rs.2,969 on December 2nd.
- Here too, the effects of demonetization trickled down from the previous week and gold purchases were curtailed.
- On December 3rd and 4th, gold traded at Rs.2,967 per gram and also closed with the same value at the end of the business day.
December 2016 - Week 2 (5th-11th)
- Gold traded at Rs.2,908 per gram on 5th December and went slightly slightly to Rs.2,905 per gram on 6th December.
- Prices of gold climbed up as demand for the metal surged on the 7th as they hit Rs.2,950 per gram—an increase of Rs.45 per gram.
- On December 8th though, prices went slightly down to Rs.2,939 as the apparent demand went down.
- It was all downward trend from there on as prices kept going down for the rest of the week.
- Gold traded at Rs.2,931 per gram on the 9th of December.
- Prices went further down to Rs.2,917 per gram on the 10th and remained the same on the 11th as well.
December 2016 - Week 3 (12th to 18th)
- Gold traded at Rs.2,836 per gram at the beginning of the week on December 12th.
- On 13th prices fell slightly to hit Rs.2,834 per gram and continued to remain the same till the end of 14th.
- The 15th, however, saw prices fall drastically to Rs.2,803 per gram.
- It was downward spiral for gold prices again as it fell further to Rs.2,783 on the 16th.
- The 17th saw prices increase by a little bit as it hit Rs.2,791 per gram and remained the same till the end of the week on the 18th.
December 2016 - Week 4 (19th to 25th)
- Vijayawada saw quite some ups and downs in gold prices throughout the week, although the changes were rather negligible.
- On 19th, when the week began, gold traded at Rs.2,787 per gram, which increased by Re.1 to hit 2,788 per gram on the 20th, and Re.1 yet again to hit Rs.2,789 per gram on the 21st.
- The 22nd however, saw prices drop by Rs.20 to hit Rs.2,768 per gram, which continued to be the trading price till the closing hours of the 23rd.
- When trading started on the 24th, gold prices had increased slightly to hit Rs.2,773 per gram and remained so till the end of the week on the 25th.
December 2016 - Week 5 (26th to 31st)
- Vijayawada reflected trends in other parts of the country with regard to gold prices in the last week of December.
- The price of gold was recorded at Rs.2,767 per gram on 26th December as the country continued to reel from the effects of demonetisation.
- Prices rose as the markets bore the brunt of uncertainty, with gold trading at Rs.2,804 per gram on 28th December.
- As the week progressed, the price of gold continued to rise, with gold trading at Rs.2,821 per gram on 31st December.
|1st November rate||Rs.3,065 per gram|
|30th November rate||Rs.2,942 per gram|
|Highest rate in November||Rs.3,166 per gram on 9th November|
|Lowest rate in November||Rs.2,914 per gram on 25th November|
November '16 - Week 1 (1st to 6th)
- Gold traded at Rs.3,065 per gram on 1st November.
- Prices of gold climbed up as demand for the metal surged.
- Gold purchases increased in the domestic market on account of the festive season and is expected to remain high as the wedding season takes over.
- Gold traded at Rs.3,119 per gram on 5th and 6th November, the highest price for this week.
November '16 - Week 2 (7th to 13th)
- Gold traded at Rs.3,095 per gram on 7th November on the back of high wedding season demand.
- Gold saw a spike in demand on 8th November night on account of PM Modi’s announcement that Rs.500 and Rs.1,000 notes would not be legal tender from midnight.
- Prices surged to Rs.3,166 per gram on 9th November, the highest for the week.
- Subsequently, buyers were reluctant to buy gold fearing scrutiny from the Income Tax Department.
- With Donald Trump winning the U.S. elections, the dollar started to drop which led to a surge in global demand for gold.
- However, gold was unable to recover from the situation in the domestic market and ended the week at Rs.3,059 per gram.
November '16 - Week 3 (14th to 20th)
- Gold traded at Rs.3,117 per gram on 14th November.
- Prices of gold continued to decline this week following PM Modi’s strike on black money.
- Gold prices dropped to Rs.3,007 per gram by the end of the week as demand for the metal was muted in the domestic market.
- Uncertainty over Trump’s economic policies led to a weak dollar and a rise in gold prices in the global mark
November '16 - Week 4 and 5 (21st to 30th)
- Gold prices declined further this week as the Indian economy faced a cash crisis following the demonetisation scheme.
- Gold traded at Rs.2,974 per gram on 21st November.
- In the global market, the dollar was on the rise as the U.S. released positive economic data.
- The U.S. Federal Reserve was confident about raising the interest rate next month.
- Demand was expected to rise, but even at the peak of the wedding season, it has been severely reduced.
- Gold traded at Rs.2,942 per gram on 30th November, marking a decline of 4.33% in gold rates this month.
|1st October rate||Rs.3,152 per gram|
|31st October rate||Rs.3,067 per gram|
|Highest rate in October||Rs.3,152 per gram on 1st|
|Lowest rate in October||Rs.3,021 per gram on 15th and 16th October|
October '16 - Week 1 (1st to 7th)
- Gold traded at Rs.3,152 per gram on 1st and 2nd October.
- Prices slipped this week on account of talk about the Fed rate hike erupting in the global market.
- Gold had fallen to Rs.3,025 per gram on 7th October.
- The drastic dip in prices can be attributed to subdued domestic demand coupled with a rising dollar.
October '16 - Week 2 (8th to 14th)
- Gold prices fell last week and for some, the drop came just in time for Diwali.
- Gold traded at Rs.3,026 per gram on 8th and 9th October.
- As festive demand picked up, gold rates climbed to Rs.3,037 per gram on 13th October, the highest for this week.
- For the most part, this week saw positive global trends, however on 14th October, trends turned negative leading to gold prices dropping to Rs.3,030 per gram.
October '16 - Week 3 (15th to 21st)
- Gold traded at Rs.3,021 per gram on 15th and 16th October.
- The demand for gold increased amid the wedding season in the domestic market.
- The price of gold climbed to its highest for this week on 20th October when it traded at Rs.3,053 per gram.
- Global trends seemed to firm up this week giving demand for gold a boost.
October '16 - Week 4 (22nd to 28th) & Week 5 (29th to 31st)
- Gold traded at Rs.3,046 per gram at the start of the week.
- Prices fluctuated in Vijayawada this week.
- Global trends were strong for gold as the dollar weakened.
- The rate hike by the U.S. Federal Reserve might take place in December but at a gradual pace.
- With gold gaining its appeal back, demand increased and prices started to rise.
- In the domestic market, both the wedding season and festive season gave gold prices a boost.
- Gold rates climbed to Rs.3,067 per gram on 29th October, the highest for the week.
- Prices remained constant till the end of the week.
|1st September rate||Rs.3,132 per gram|
|30th September rate||Rs.3,169 per gram|
|Highest rate in September||Rs.3,195 on 8th September|
|Lowest rate in September||Rs.3,132 per gram on 1st September|
September '16 - Week 1 and 2 (1st to 10th)
- Starting the week, gold traded at Rs.3,132 per gram.
- Prices climbed as the rate hike by the U.S. Federal Reserve seemed unlikely this month.
- Gold surged to Rs.3,195 per gram on 8th September.
- However, the U.S. Fed Chairwoman, Janet Yellen, confirmed that the possibility of the hike was strong, which led to gold rates falling towards the end of the week.
September '16 - Week 3 (11th to 17th)
- Prices dropped through the week as the global market was hit by expectations of a Fed rate hike this month.
- Gold traded at Rs.3,181 per gram on 11th September.
- Prices plunged as domestic demand from jewellers and consumers was subdued.
- By the end of the week, gold prices had slipped to Rs.3,146 per gram.
September '16 - Week 4 (18th to 24th)
- The declining trend took a u-turn this week as gold rates were seen surging through the week.
- Gold traded at Rs.3,146 per gram on 18th September.
- The highest price recorded for this week was Rs.3,190 per gram on 22nd September.
- The increase in prices are a result of firm domestic demand.
- Global market trends were positive and are expected to be upbeat as the U.S. Federal Reserve has put a hold on its interest rate hike.
September '16 - Week 5 (25th to 30th)
- Gold rates started to slip again this month as the global market turned to bear tendencies.
- Gold traded at Rs.3,186 per gram on 25th September.
- Gold rates shed Rs.17 per gram by the end of the week and traded at Rs.3,169 per gram.
- Jewellers and stockist reduced their offtake as trends in the overseas markets did not play to their favor.
|1st July rate||Rs.3,201 per gram|
|31st July rate||Rs.3,148 per gram|
|Highest rate in July||Rs.3,207 per gram on 18th August|
|Lowest rate in July||Rs.3,196 per gram on 10th August|
August '16 - Week 1 (1st to 7th)
- Gold prices rose marginally as the week began but fell due to reduced demand at the end of the week.
- Gold was priced at Rs.3,215 per gram on the 1st and at Rs.3,171 per gram on the 7th of August.
- Prices fluctuated due to the sudden rise in the Dollar with the release of data indicating steady growth in the NFP sector of the U.S. economy.
August '16 - Week 2 (8th-14th)
- Gold rates fluctuated through week 2 of August.
- Gold traded at Rs.3,168 per gram on 8th August.
- The highest rate for the week was recorded on 10th August at Rs.2,197 per gram as demand in the domestic spot market increased.
- Gold continued to fluctuated but rates were firmer as the dollar weakened.
August '16 - Week 3 (15th-21st)
- Gold traded at Rs.3,181 per gram on 15th August.
- Gold prices fluctuated through the week with the highest price recorded on 18th August at Rs.3,207 per gram.
- Domestic demand has given gold rates a boost as jewellers prepare for the festive season.
- The dollar is gaining its strength which led to a slight drop in prices at the end of the week. However, demand for gold is expected to pick up in the second half of 2016.
August '16 - Week 4 (22nd-28th)
- Gold rates dropped this week as the dollar grew stronger.
- Gold traded at Rs.3,182 per gram on 22nd August.
- There was a slight increase in prices on 23rd August as domestic demand increased with the festive season approaching.
- Gold rates plunged to Rs.3,164 per gram by the end of the week.
August '16 - Week 5 (29th-31st)
- Gold traded at Rs.3,153 per gram on 29th August.
- As the dollar stopped gaining on the back of positive job data, gold prices went up on 30th August, trading at Rs.3,164 per gram on account of sustained domestic demand.
- Gold slipped again to Rs.3,148 per gram, closing the week low as the anticipation of a Fed rate hike grew stronger.
|1st July rate||Rs. 3,069 per gram|
|31st July rate||Rs. 2,916 per gram|
|Highest rate in July||Rs. 3,073 per gram on July 7|
|Lowest rate in July||Rs. 2,900 per gram on July 30|
July'16 - Week 1 and 2 (1st to 10th)
- The global market trends played in favor of gold rates sending them soaring through the week.
- Gold traded at Rs.3,127.50 on July 1st and closed the week at Rs.3,162.50.
- Prices rose to Rs.3,179 on July 7th which was the highest for the week.
- Gold prices should remain on a steady path in the near future.
July'16 - Week 3 (11th to 17th)
- Gold rates fell marginally till the middle of the week, when the price rose slightly.
- Prices were recorded at Rs.3,171 per gram on the first day of the week and Rs.3,146 on the last day of the week.
- Prices fell as demand slumped, but rates picked up as the week ended as global markets also reflected a bullish trend for gold.
July '16 - Week 4 (18th to 24th)
- Owing to global trends, the market for gold weakened through the week.
- A stronger U.S. dollar led to rising expectations of a Fed rate hike in the near future.
- Gold traded at Rs.3,140.50 on 18th July and fluctuated through the week.
- The week ended with gold trading at Rs.3,130 per gram.
July‘16 - Week 5 (25th to 31st)
- There were minor fluctuations in the rate of gold throughout the month but domestic and international cues ensured that these fluctuations were not highly significant.
- However, as compared to the beginning of the month, gold rates reduced as the month progressed.
- Gold closed at Rs. 2,916 per gram on the last day of the month.
|1st June rate||Rs.2,918|
|30th June rate||Rs.3,103|
|Highest rate in June||Rs.3,180 on 27th of June|
|Lowest rate in June||Rs.2,911 on 3rd of June|
Jun'16 - Week 1 (1st to 5th)
- Gold rates fluctuated through the week but stabilized towards the end.
- Gold traded at Rs. 2,918 on June 1st. Prices rose on June 2nd but dropped again on June 3rd.
- The drop in prices was a 2-day brief overnight fall in the domestic bullion market but picked up due to a fresh offtake by traders and retailers.
- Prices finally gained Rs. 56 on 4th and 5th June.
- Gold’s persistence to climb up can be linked to the stable demand from domestic and global markets as expectations of the Federal Reserve rate hike has died down, coupled with a weaker dollar.
Jun'16 - Week 2 (6th to 12th)
- Gold traded at Rs. 2,970 per gram on the 6th of June.
- Gold prices dropped down by Rs. 13 within one day as gold traded at Rs. 2,958 per gram on the 7th of June.
- The yellow metal hit its highest for the month on 11th and 12th of June as it traded at Rs. 3,039 per gram.
Jun'16 - Week 3 (13th to 19th)
- Gold traded at Rs. 3,047 per gram on the 13th of June.
- Gold price shot up to Rs. 3,072 per gram on the 17th of June owing to global demand.
- Gold reached its highest for the week on 16th of June at Rs. 3,110 per gram.
Jun'16 - Week 4 (20th to 26th)
- Throughout the week, there were fluctuations seen in the price of gold.
- The week ended with gold touching one of its highest rates for the month at Rs. 3,165 per gram.
- The reason could be attributed to high demand as well as fading expectations of U.S. Federal Reserve interest rate hike.
- During the last two days of the week, gold rate was stable at Rs. 3,165 per gram.
- At the beginning of the week, gold opened at Rs. 3,070 per gram which was one of the lowest but increased steadily from there.
- An up and down was seen in gold rates through the week but stabilized towards the end.
Jun'16 - Week 5 (27th to 30th)
- Prices were recorded at Rs.3,180 on the 27th of June and Rs.3,103 on the 30th of June.
- Prices fluctuated during the week as marginal losses were written off by subsequent gains.
- The overall decline in prices over the course of the four days was Rs.77.
|1st May rate||Rs. 3,069 per gram|
|31st May rate||Rs. 2,916 per gram|
|Highest rate in May||Rs. 3,073 per gram on May 7|
|Lowest rate in May||Rs. 2,900 per gram on May 30|
May'16 - Week 1 (1st to 7th)
- Gold rates remained constant throughout the week with marginal increases on certain days.
- Prices were recorded at Rs.3,069 on the 1st of May and Rs.3,073 on the 7th of May.
- Prices were somewhat constant as global and domestic cues favoured stable rates throughout the week.
May ‘16 - Week 2 (8th to 14th)
- Gold rates fluctuated every single day of the week, first falling then rising and maintaining the trend for the entirety of the week.
- Prices were recorded at Rs.3,073 on the 8th of May and Rs.3,051 on the 14th of May.
- Although fluctuations were the order of the week, the overall difference in prices from the start to the end of the week was relatively low owing to strong domestic and international trends.
May ‘16 - Week 3 (15th to 21st)
- Gold rates fell consistently during the third week of May except the third day of trading when there was a minor rise in prices.
- Prices were recorded at Rs.3,051 on the 15th of May and Rs.3,015 on the 21st of May.
- Rates remained constant for the first two days of trading in the week, after which a minor increase of Rs.2 was followed by successive losses on the remaining days.
May ‘16 - Week 4 (22nd to 28th)
- Gold rates continued the pattern of last week, fluctuating at the beginning of the week. There was an increase on 23rd at Rs. 3,018, but then the prices steadily decline.
- Gold prices were recorded at Rs. 3,015 on the 22nd of May and Rs. 2,916 on the 28th of May.
- Owing to global trends, the gold rates steadily declined with the lowest price of the week recorded on Saturday.
May ‘16 - Week 5 (29th to 31st)
- There were minor fluctuations in the rate of gold throughout the month but domestic and international cues ensured that these fluctuations were not highly significant.
- However, as compared to the beginning of the month, gold rates reduced as the month progressed.
- Gold closed at Rs. 2,916 per gram on the last day of the month.
|1st April rate||Rs 2,894|
|30th April rate||Rs 3,069|
|Highest rate in April||Rs 3,069 on 30th|
|Lowest rate in April||Rs 2,876 on 4th|
|% Change||+ 6.05%|
Apr'16 - Weeks 1 & 2 (1st to 10th)
- Gold prices rose at the start of April as global cues spearheaded by weak stock markets and US dollar, as well as uncertainty over Fed rate hike.
- Prices were Rs.2,877 on 1st and Rs.2,944 on 10th.
- Gold prices were mostly positive, ultimately settling Rs.67 higher than month starting rates.
Apr ‘16 - Week 3 (11th to 17th)
- Gold prices were stable in Vijayawada over the course of the third week.
- Prices were Rs.2,958 on 11th and Rs.2,957 on 17th.
- Gold rates stayed at stable levels as domestic and global cues kept rates constant.
Apr ‘16 - Week 4 (18th to 24th)
- Gold prices were stable on the whole in the third week.
- Prices were Rs.2,958 on 18th and Rs.2,960 on 24th.
- Gold rose to Rs.2,982 by 22nd before settling Rs.2 higher at Rs.2,960 by 24th.
Apr ‘16 - Week 5 (25th to 30th)
- A steady increase in gold rates was witnessed during the week.
- Prices went up from Rs 2,965 on 25th to Rs 3,069 on 30th.
- The rates witnessed on 30th were the highest for the month.
Trend of Gold Rate in Vijayawada for March 2016 (rates per gram for 24karat gold)
1st March rate
31st March rate
Highest rate in March
Rs 2,994 on 1st and 2nd
Lowest rate in March
Rs 2,871 on 28th
Mar'16 - Week 1 (1st to 6th)
- Gold markets were closed in the city for a few days as traders and jewellers went on a strike to protest against the government’s announcement that 1% excise duty will be levied on jewelleries.
- Prices were constant at Rs.2,994 on 1st and 2nd and Rs.2,976 from 3rd to 6th.
Mar'16 - Week 2 (7th to 13th)
- Gold markets experienced more strikes as jewellers brought their agitation into the second week over 1% excise duty on non-silver jewellery and PAN disclosures on transactions above Rs.2 lakhs.
- Prices were constant at Rs.2,991 all through the week.
Mar ‘16 - Week 3 (14th to 20th)
- Gold prices saw slight variations as protests continued in different parts over budget announcements pertaining to gold.
- Prices were Rs.2,950 on 14th and Rs.2,940 on 20th.
Mar ‘16 - Week 4 (21st to 27th)
- Gold rates dropped a little over the fourth week.
- Prices were Rs.2,924 on 21st and Rs.2,896 on 27th.
- Gold dropped to Rs.2,892 by 24th before rising marginally to Rs.2,896 on 25th and staying stable for the rest of the week.
Mar ‘16 - Week 5 (28th to 31st)
- Gold rates varied as protests were witnessed owing to new budgetary announcements on gold.
- Rates ranged between a high of Rs 2,906 and a low of Rs 2,871 over the week.
1st February rate
29th February rate
Highest rate in February
Rs.2,987 on 26th
Lowest rate in February
Rs.2,720 on 1st
Feb'16 - Week 1 (1st to 7th)
- Gold continued its positive run through to February, rising on the back of strong global cues and increased buying by jewellers to meet the domestic wedding season demand.
- Prices were Rs.2,720 on 1st and Rs.2,823 on 7th.
- Gold prices rose consecutively from 1st to 7th, posting an overall profit of Rs.103 in the first week of the month.
- Gold also breached the 2,800-level for the first time in 2016, touching a 9-months high of Rs.2,813 on 6th and rising more to Rs.2,823 on 7th.
Feb '16 - Week 2 (8th to 14th)
- Gold prices rose in the 2nd week to 19-month high levels, almost breaching the Rs.3,000 mark and gaining Rs.114 in total over the week.
- Prices were Rs.2,820 on 8th and Rs.2,934 on 14th.
- Gold prices saw a marginal decline on 10th and 11th before rising exponentially on 12th by a margin of Rs.132 to breach the 2,900-mark and touch a high of Rs.2,973 for the first time in almost 2 years.
- Gold depreciated in the last two days by small amounts to end the week above 2,900 at Rs.2,950.
Feb '16 - Week 3 (15th to 21st)
- Gold prices appreciated again in the third week as domestic demand and global cues spurred rates to high levels.
- Prices were Rs.2,906 on 15th and Rs.2,973 on 21st.
- Gold started the week on a cautious note, falling to Rs.2,871 on 16th before gaining value for the rest of the week.
- Prices rose by Rs.102 between 16th and 20th February to reclaim the 2-year high of Rs.2,973 seen in the last week.
- Gold was stable on 21st to end the week at Rs.2,973.
Feb '16 - Week 4 (22nd to 29th)
- Gold gained value in the 4th week also, rising on the back of strong global cues which spurred global rates and touched 4-year high levels in terms of net monthly gains.
- Prices were Rs.2,917 on 22nd and Rs.2,964 on 29th.
- Gold had gainful sessions till 26th which brought rates up to Rs.2,987.
- Prices dropped to Rs.2,960 on 27th before rising marginally to Rs.2,964 on 29th.
|4th January rate||Rs.2,547|
|31st January rate||Rs.2,710|
|Highest rate in January||Rs.2,727 on 28th|
|Lowest rate in January||Rs.2,547 on 4th|
Jan'16 - Week 1 (4th to 10th)
- 2016 started out on a positive note for gold rates in Vijayawada.
- Prices were Rs.2,547 on 4th and Rs.2,635 on 10th.
- Gold had all positive sessions through this week as global cues and increased buying by jewellers in the domestic sector propelled rates.
- Gold appreciated by Rs.8, Rs.33, Rs.26, Rs.19 and Rs.2 on 5th, 6th, 7th, 8th and 9th respectively to touch Rs.2,635 by 9th.
- Prices were stable on 10th at Rs.2,635 on account of weekend holidays.
Jan '16 - Week 2 (11th to 17th)
- Gold prices depreciated in the 2nd week.
- Prices were Rs.2,644 on 11th and Rs.2,607 on 17th.
- Gold rose to Rs.2,644 on 12th before settling back to Rs.2,639 by 13th.
- Prices dropped by Rs.32 on 14th as global trends pushed prices down while demand on the domestic front also remained sluggish.
- Prices were stable at Rs.2,607 for the rest of the week as a weakening rupee spurred rates.
Jan '16 - Week 3 (18th to 24th)
- Gold prices were mostly stable in the 2nd week.
- Prices were Rs.2,658 on 18th and Rs.2,660 on 24th.
- Gold had positive sessions for most of the week as the wedding season demand for gold upped rates while global cues were also favourable.
- Prices fell to Rs.2,647 on 19th before rising in back-to-back sessions till 22nd to touch Rs.2,670.
- Prices declined by Rs.10 over the next two days to end the week at Rs.2,660.
Jan '16 - Week 4 (24th to 31st)
- Gold had a positive 4th week in Vijayawada.
- Prices were Rs.2,668 on 25th and Rs.2,710 on 31st.
- Gold appreciated to Rs.2,727 by 28th on the back of strong global cues and increased demand from domestic jewellers.
- Prices declined on 29th and 30th to drop to Rs.2,703.
- Gold rose marginally on 31st to Rs.2,710.
1st December rate
31st December rate
Highest rate in December
Rs.2,605 on 14th
Lowest rate in December
Rs.2,548 on 19th and 20th
Dec'15 - Week 1 (1st to 7th)
- Gold gained value in the 1st week of the month.
- Prices were Rs.2,565 on 1st and Rs.2,593 on 7th.
- Gold depreciated till 3rd to fall to Rs.2,521 by 3rd.
- There was significant gain in rates in the next two days when rates increased by Rs.77 till 5th to rest at Rs.2,598 on 5th and 6th.
- Prices fell marginally on 7th to close at Rs.2,593.
Dec'15 - Week 2 (8th to 14th)
- Gold rates appreciated marginally in the 2nd week.
- Prices were Rs.2,596 on 1st and Rs.2,605 on 7th.
- Gold dropped by Rs.20 on 9th to fall to Rs.2,576 before appreciating to Rs.2,585 on 10th.
- Prices fell again over the next 2 days to rest at Rs.2,572 by 12th.
- Gold gained Rs.21 and Rs.12 on 13th and 14th respectively to settle at Rs.2,605 by 14th.
Dec'15 - Week 3 (15th to 21st)
- Gold rates went down in the 3rd week.
- Prices were Rs.2,583 on 15th and Rs.2,559 on 21st.
- Gold dropped continuously from 15th to 19th by an overall margin of Rs.35 to rest at Rs.2,548.
- Prices were stable on 20th at Rs.2,548 before rising slightly by Rs.11 to end the week at Rs.2,559.
Dec'15 - Week 4 (22nd to 28th)
- Gold rates declined in the 4th week.
- Prices were Rs.2,572 on 22nd and Rs.2,563 on 28th.
- Gold dropped to Rs.2,562 on 23rd before appreciating slightly to Rs.2,563 on 24th and Rs.2,565 on 25th.
- Prices were stable at Rs.2,565 till 27th before dropping to Rs.2,563 on 28th.
Dec'15 - Week 5 (29th to 31st)
- Gold rates were stable in the 5th week.
- Prices were Rs.2,569 on 29th and Rs.2,566 on 31st.
- Prices rose to Rs.2,570 on 30th before falling marginally to Rs.2,566 on 31st.
1st November rate
30th November rate
Highest rate in November
Rs.2,734 on 3rd
Lowest rate in November
Rs.2,567 on 19th
- Gold rates declined in the 1st week of November.
- Prices were Rs.2,676 on 1st and Rs.2,608 on 7th.
- Gold gained substantially on 2nd to touch Rs.2,727, a rise of Rs.51 from previous day’s figure.
- Gold gained again on 3rd by Rs.7 before declining for the rest of the week.
- Prices dropped by Rs.44 on 4th, Rs.15 on 5th, Rs.40 on 6th and Rs.27 on 7th.
Nov '15 - Week 2 (8th to 14th)
- Gold rate declined in the 2nd week of November.
- Rates were Rs.2,608 on 8th and Rs.2,582 on 14th.
- Gold gained value on 9th to reach Rs.2,619.
- There was a drop and subsequent appreciation on 11th and 12th by Rs.10 and Rs.22 respectively.
- Gold fell by Rs.54 on 14th to rest at Rs.2,582.
Nov '15 - Week 3 (15th to 21st)
- Gold rates were slightly down for the 3rd week.
- Prices were Rs.2,582 on 15th and Rs.2,570 on 21st.
- Gold gained Rs.51 on 16th to touch Rs.2,633 on 16th before losing out the gain over the next two days to rest at Rs.2,548 on 18th.
- Gold rates appreciated on 19th and 20th by small margins to come to Rs.2,577 on 20th.
Nov '15 - Week 4 and 5 (22nd to 30th)
- Gold rates were stable over the last weeks of the month.
- Prices were Rs.2,571 on 22nd and Rs.2,568 on 30th.
- Gold rose to Rs.2,584 on 23rd before falling to Rs.2,576 by 25th.
- Prices appreciated and stayed above Rs.2,680 till 29th.
- There was a drop of Rs.15 on 30th when prices fell to Rs.2,567 from Rs.2,582 on 29th
1st October rate
31st October rate
Highest rate in October
Rs.2,762 on 20th
Oct '15 - Week 1 (1st to 7th)
- Gold rate appreciated steeply in the first week of October.
- Prices were Rs.2,628 on 1st and Rs.2,689 on 7th.
- Prices increased on 3rd to Rs.2,673 and appreciated further on 6th to Rs.2,709, breaching the 2,700 mark for the first time in the month.
- Prices reduced slightly by end of the week to Rs.2,689.
Oct '15 - Week 2 (8th to 14th)
- Gold rates appreciated again for the second week of October.
- Gold was priced at Rs.2,670 on 8th and Rs.2,732 on 14th.
- Gold rate appreciated steeply on 12th to breach the 2,700 level.
- Prices appreciated once more on 14th to come to Rs.2,732.
Oct '15 - Week 3 (15th to 21st)
- Gold rates depreciated on the whole in the third week of the month.
- Gold was priced at Rs.2,732 on 15th and Rs.2,721 on 21st.
- Prices were stable for the first 5 days of the week hovering around the 2,730 mark.
- Gold gained substantial value on 20th to touch Rs.2,762, the highest gold ratein Vijayawada for October.
- Prices slid back to sub-2,730 value on 21st at the week closing.
Oct '15 - Week 4 (22nd to 28th)
- Gold rates remained stable in the sample size of this week.
- The yellow metal was priced at Rs.2,711 on 22nd and Rs.2,712 on 28th.
- Prices stayed at 2,700-2,710 for the most part of the week except on 23rd when gold was priced at Rs.2,717.
Oct '15 - Week 5 (29th to 31st)
- Gold rates dropped overall in the final days of the month.
- Prices had appreciated to Rs.2,727 on 29th and appreciated marginally to Rs.2,733 on 30th before experiencing a large drop on 31st when prices dropped by Rs.57 to Rs.2,676.
Gold rate in Vijayawada at the start of September 2015 was Rs.2,717, as on 1st September. The rate went into an immediate decline and bottomed out for the week on 4th at Rs.2,680. The downward slide of prices continued till 8th of the month. Gold went through an appreciation session on 9th when rates shot up to Rs.2,720. However, there was a steep decline in rate on the very next day to Rs.2,642.
Gold rate continued to be low till 17th of the month, with gold in Vijayawada available at Rs.2,632. There was increase in rates on 18th when prices went up to Rs.2,674. Prices couldn’t hold on to the gained value and started declining once again from 22nd of the month.
Gold was priced at Rs.2,655 on 23rd before experiencing two days of appreciation which brought up prices to Rs.2,727. This was also the highest gold rate in the city of Vijayawada for the month of September. Prices started dropping from then on and touched Rs.2,664 on 30th September.
Gold saw a volatile month in September. This volatility is expected to continue in the coming days. However, rates are likely to go north when the festive season kicks in in the latter half of October.
Jewelry: Many consumers consider gold as a good hedge against inflation. There is a view that returns on gold investment are usually in line with the rate of inflation. Buying gold encompasses heavy making charges. Many jewelers typically deduct making charges from the price of the jewelry at the time of buying from consumers putting the latter at a disadvantage. However, it can also be used as a pledge against a loan.
Coins: Demand for gold as jewelry and coins was estimated to be 811 tonnes last year, as per the World Gold Council. Most of the gold is held as jewelry in Vijayawada. Gold coins are available across leading banks in addition to the online facility. Gold coins are available in various weights (measured in grams) to cater to the pockets of customers. What’s more, they can be stored with less hassles.
ETFs: A financial product used by sophisticated investors to get exposure to the yellow metal, ETFs are open-ended mutual funds with one unit equivalent to 1 gram of gold (99.5% pure gold) traded on stock exchanges. There is no risk of theft and zilch storage costs. Major advantages are no sales tax, wealth tax or VAT are applicable on gold ETFs.
Gold is seen as a safe investment by denizens in Vijayawada since a customer can expect appreciation of capital by holding gold, provided the rate of the yellow metal is on the rise.
22 karat: One gram of gold is priced at Rs. 2,539 in Vijayawada. Gold rates in Vijayawada have been witnessing minor fluctuations in that the yellow metal was pegged at Rs. 2,552 in the month of May. Towards the end of April, gold rate stood at Rs. 2,568.00 while it was Rs. 2,481.00, Rs. 2,532.00 and Rs. 2,665 in the months of March, February and January respectively.
24 karat: One gram of gold is currently priced at Rs. 2,715. The yellow metal in Vijayawada has been witnessing minor fluctuations in that one gram of gold was pegged at Rs. 2,729 in May. Towards the end of April, gold rate stood at Rs. 2,747 while it was Rs. 2,654, Rs. 2,708 and Rs. 2,850 in the months of March, February and January this year.
Where to Buy Gold in Vijayawada?
Vijayawada boasts of several big jewelry showrooms such as Anjaneya Jewellery, Khazana Jewellery, Joyalukkas, Anmol Jewellery and Kothari Jewellery among many others.
- Also Check:Gold Rate in Andhra Pradesh
Also Check Gold Price in NearBy Cities of Vijayawada
|Gold Rate In Hyderabad||Gold Rate In Visakhapatnam||Gold Rate In Guntur|
|Gold Rate In Nellore||Gold Rate In Kurnool||Gold Rate In Rajahmundry|
|Gold Rate In Kakinada||Gold Rate In Proddatur||Gold Rate In Warangal|
|Also Know: Silver Rate in Vijayawada|
Read more on Gold
- Good Days To Buy Gold In 2017
- Gold Price and Indian Economy
- Things to Remember - Gold Jewellery
- Gold Price Trend in India
- Gold Loan - Tips
- Gold and Indian Weddings
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News About Gold rate in Vijayawada
Indian Gold Imports Tripled in the month of February
Legal gold imports shot up to 96.4 tonnes in the month of February 2017 as compared to the same time in 2016. These numbers are provided by the Finance Ministry and not by the bullion banks or the World Gold Council. This has reinforced the various observations by the BIS- directed plan to curtail Indian demand for gold by removing cash from the financial system has failed.
Based on the response given yesterday in the paper gold market in NYC post the U.S. Fed’s rate hike announcement, Western Central and bullion banks might be losing control of the bullion market.
16th March 2017
Fall In Gold And Silver Prices
Gold is not the centre stage anymore at the domestic bullion market. Gold prices fell by Rs 295 per 10 g as investors sell their stocks and local jewellers display lack of interest. Meanwhile, gold of 99.5% and 99.9% purity dipped by Rs 295 per 10 grams. As industries reduced their silver buying transactions, silver fell by Rs 450 per kg. Silver of 0.999 fineness fell to Rs 44,775 per kg which was Rs 45,225 previously.
30th August 2016
Profit Taking Pushes Gold Prices Down By 4%
The rise in the price of gold, that was triggered by Britain’s proposed exit from the EU (Brexit), also trigger a trend of investors booking their profit when gold reached $1,305 per ounce. The triggering of the profit booking has led to the price of gold to come down by as much as 4%. The price of gold even hit a 3-year high as they place a premium of $6 per ounce on the price of gold on the prices of the UK spot prices. Even the stock markets are rallying back to counter the drop in the prices. Even the FTSE250 index in London managed to recover a bit, about 1/5th of the plunge triggered by the Brexit. While trends of profit booking are bringing the price of gold it is believed that it will not push investors away since they are still going to rally to it for short term and safe haven investments.
4th July 2016
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