Gold Rate Today in Vijayawada Last Updated : 04 Dec 2022

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.

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  • Today's Gold Rate in Vijayawada (04 Dec 2022)

    ₹ 5,016
    Today's Gold Rate (22K) per gram

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

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) (1 gram) ₹ 5,016 ₹ 5,016 ₹ 0 ↑
    Standard Gold (22 K) (8 grams) ₹ 40,128 ₹ 40,128 ₹ 0 ↑
    Pure Gold (24 K) (1 gram) ₹ 5,267 ₹ 5,267 ₹ 0 ↑
    Pure Gold (24 K) (8 grams) ₹ 42,136 ₹ 42,136 ₹ 0 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    04 Dec 2022 ₹ 5,016 ₹ 40,128 ₹ 5,267 ₹ 42,136
    03 Dec 2022 ₹ 5,016 ₹ 40,128 ₹ 5,267 ₹ 42,136
    02 Dec 2022 ₹ 5,010 ₹ 40,080 ₹ 5,261 ₹ 42,088
    01 Dec 2022 ₹ 4,955 ₹ 39,640 ₹ 5,203 ₹ 41,624
    30 Nov 2022 ₹ 4,916 ₹ 39,328 ₹ 5,162 ₹ 41,296
    29 Nov 2022 ₹ 4,916 ₹ 39,328 ₹ 5,162 ₹ 41,296
    28 Nov 2022 ₹ 4,921 ₹ 39,368 ₹ 5,167 ₹ 41,336
    27 Nov 2022 ₹ 4,925 ₹ 39,400 ₹ 5,171 ₹ 41,368
    26 Nov 2022 ₹ 4,925 ₹ 39,400 ₹ 5,171 ₹ 41,368
    25 Nov 2022 ₹ 4,935 ₹ 39,480 ₹ 5,182 ₹ 41,456

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

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

    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Today's Gold Price in Vijayawada

    Gold rate Today in Vijayawada are subject to various developments in India and across the world. However, gold rates today 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.

    November 2022 Gold Rate in Vijayawada

    Parameter Gold price (24 karat)
    November 1 Rate Rs.4,940 per gram
    November 30 Rate Rs.5,162 per gram
    Highest Rate in November Rs.5,208 per gram on 16 November
    Lowest Rate in November Rs.4,940 per gram on 1 November
    Overall Performance Incline

    October 2022 Gold Rate in Vijayawada

    Parameter Gold price (24 karat)
    October 1 Rate Rs.4,925 per gram
    October 31 Rate Rs.4,951 per gram
    Highest Rate in October Rs.4,982 per gram on 27 October
    Lowest Rate in October Rs.4,940 per gram on 29 and 30 October
    Overall Performance Decline

    September 2022 Gold Rate in Vijayawada

    Parameter Gold price (24 karat)
    September 1 Rate Rs.4,946 per gram
    September 30 Rate Rs.4,884 per gram
    Highest Rate in September Rs.4,925 per gram on 23 September
    Lowest Rate in September Rs.4,851 per gram on 21 September
    Overall Performance Incline

    August 2022 Gold Rate in Vijayawada

    Parameter Gold price (24 karat)
    August 1 Rate Rs.5,035 per gram
    August 22 Rate Rs.5,056 per gram
    Highest Rate in August Rs.5,108 per gram on 5 August
    Lowest Rate in August Rs.5,035 per gram on 1 August
    Overall Performance Incline

    July 2022 Gold Rate in Vijayawada

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    Parameter Gold price (24 karat)
    July 1 Rate Rs.5,025 per gram
    July 31 Rate Rs.5,056 per gram
    Highest Rate in July Rs.5,056 per gram on 4th July
    Lowest Rate in July Rs.4,858 per gram on 16th and 17th July
    Overall Performance Incline

    Things to Consider when Purchasing Gold in Vijayawada

    Given below are points that must be considered when you purchase gold in Vijayawada:

    • Ensure that you purchase only hallmarked gold. This will ensure that the gold that you are purchasing is pure.
    • Check the market movement before you purchase gold. In case the market is down, gold rates will fall. This can help you purchase gold at low prices.

    What is the difference between 22 Carat Gold and 24 Carat Gold?

    The main differences between 22 card gold and 24 carat gold are mentioned below:

    • For making jewellery, 22 carat gold is used, while 24 carat gold is not used.
    • 22 carat gold is cheaper than 24 carat gold.
    • 22 carat gold is 91.6% pure, while 24 carat gold is 99.9% pure.

    How are Gold Rates Determined in Vijayawada?

    Some of the main factors that determine gold rates in Vijayawada are mentioned below:

    • Local factors such as duties and government tariffs.
    • Government policies impact gold rates.
    • In case demand for gold is high, the prices increase.
    • Increase in interest rates impact gold rates.

    Points to note when purchasing Gold in Vijayawada

    There are certain points you will have to keep in mind while looking to purchase Gold in Vijayawada. These points are given below:

    • Look to purchase hallmark gold: You must ensure you purchase hallmarked gold only. There are various jewelers in Vijayawada who sell gold to their customers and are authentic and pure in nature. Make sure the gold you are purchasing is pure.
    • Check the market movement: You must be aware of the market movement before you invest in gold. In case the market is down, it can be a good time for you to buy gold. Once the price of gold goes up, you can sell your gold for profit.

    Reasons to make an investment in Gold in Vijayawada

    Gold is purchased as an investment in Vijayawada. During festivals or weddings, people purchase gold as it is considered to be auspicious. When compared to oil, gold is less volatile and is considered as a safe haven when markets are down.

    FAQs on Gold Rate in Vijayawada

    1. What international factors affect the gold rate in Vijayawada?

      Several factors affect the price of gold in Vijayawada such as crude oil prices, the value of international currencies, etc.

    2. How can I determine the purity of gold?

      If you have a 22-karat ring, divide 22 by 24 and multiply the result with 100, for which the result is 91.66. 91.66 is the purity of gold. You can also determine its purity by checking the stamp stating the karats of the gold you wish to purchase.

    3. Will gold prices decrease in Vijayawada?

      Given the volatility in the market, the price of gold may or may not fall as there are many factors which affect the price of the yellow metal in Vijayawada and in India.

    4. Will the gold price in Vijayawada keep changing?

      Yes, the gold price in Vijayawada may keep fluctuating or changing due to various factors which affect the price of gold in the country. Some of these factors include the value of the rupee against the U.S. dollar, the price of crude oil, the trend of the equities market, etc.

    5. What factors do I check before buying gold in Vijayawada?

      A few important things to keep in mind before buying gold in Vijayawada are: The price of gold per gram, The level of purity, Certification of the metal and Buy-back terms of the lender.

    Also Check Gold Price in NearBy Cities of Vijayawada

    News About Gold rate in Vijayawada

    • Prices of gold went down on 16 September in some South Indian cities

      The price of 10 grams of 22-carat and 24-carat gold went down by Rs.500 and Rs.550, respectively, in Bangalore city, Hyderabad, and Vishakhapatnam. The price of gold stands at Rs.46,700 and Rs.49,850 in Kerala for both variants. In Hyderabad, Bangalore city, and Vishakhapatnam, 10 grams of 22-carat and 24-carat gold are trading at Rs.45,700 and Rs.49,800, respectively.

      17 September 2022

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