Gold Rate in Vijayawada Today

  • Today's Gold Rate in Vijayawada ( 25 Jan 2021 )

    ₹ 4,664
    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 ) ₹ 4,664 ₹ 4,691 ₹ -27 ↓
    Standard Gold (22 K) ( 8 grams ) ₹ 37,312 ₹ 37,528 ₹ -216 ↓
    Pure Gold (24 K) ( 1 gram ) ₹ 4,897 ₹ 4,926 ₹ -29 ↓
    Pure Gold (24 K) ( 8 grams ) ₹ 39,176 ₹ 39,408 ₹ -232 ↓

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    22 Jan 2021 ₹ 4,664 ₹ 37,312 ₹ 4,897 ₹ 39,176
    21 Jan 2021 ₹ 4,691 ₹ 37,528 ₹ 4,926 ₹ 39,408
    20 Jan 2021 ₹ 4,644 ₹ 37,152 ₹ 4,876 ₹ 39,008
    19 Jan 2021 ₹ 4,622 ₹ 36,976 ₹ 4,853 ₹ 38,824
    18 Jan 2021 ₹ 4,602 ₹ 36,816 ₹ 4,832 ₹ 38,656
    17 Jan 2021 ₹ 4,608 ₹ 36,864 ₹ 4,838 ₹ 38,704
    16 Jan 2021 ₹ 4,608 ₹ 36,864 ₹ 4,838 ₹ 38,704
    15 Jan 2021 ₹ 4,652 ₹ 37,216 ₹ 4,885 ₹ 39,080
    14 Jan 2021 ₹ 4,677 ₹ 37,416 ₹ 4,911 ₹ 39,288
    13 Jan 2021 ₹ 4,677 ₹ 37,416 ₹ 4,911 ₹ 39,288

    Weekly & Monthly Graph of Gold Rate in Vijayawada

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

    Gold Price in Vijayawada

    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.

    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.

    Trend of Gold Rate in Vijayawada for January 2021 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    January 1 Rate Rs.4,965 per gram
    January 9 Rate Rs.4,935 per gram
    Highest Rate in January Rs.5,100 per gram on 6 January
    Lowest Rate in January Rs.4,935 per gram on 9 January
    Overall Performance Decline

    January 2021 - Week 1 (1 - 9):

    • With an overall decline trend seen in the market, gold price in Vijayawada opened the month at Rs.4,965 per gram on 1 January and increased marginally to Rs.4,985 per gram on 2 January. The metal’s price crossed the Rs.5,000 per-gram mark on the following day.
    • The metal’s value increased to Rs.5,083 per gram on 5 January and it hit its highest of the week at Rs.5,100 per gram on 6 January. However, with the risk appetite dipping, the metal’s value dipped.
    • Gold rate in Vijayawada dipped to Rs.5,045 per gram on 7 January and further to Rs.5,032 per gram on 8 January. At the end of the week, the metal closed at Rs.4,935 per gram on 9 January.

    Trend of Gold Rate in Vijayawada for December 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    December 1 Rate Rs.4,759 per gram
    December 31 Rate Rs.4,960 per gram
    Highest Rate in December Rs.5,017 per gram on 21 December
    Lowest Rate in December Rs.4,759 per gram on 1 December
    Overall Performance Incline

    December 2020 - Week 1 (1 - 6):

    • Gold was priced Rs.4,759 per gram at the start of the first week of December. There was a decline of Rs.117 for every gram when the price was compared to what was charged on the final day of the previous month.
    • Having opened the week at the lowest recorded price for the month till date, the price of gold increased in the city over the next few days. The incline in the rates saw gold record its highest price for the month till date on 4th December when a gram cost Rs.4,889.
    • Gold price in Vijayawada dipped on 5th December and closed the week at Rs.4,885 per gram. The overall performance of the yellow metal witnessed an inclining trend in the rates.

    December 2020 - Week 2 (7 - 13):

    • Gold rate in Vijayawada opened the second week of December at RS.4,881 per gram on 7 December and increased to hit its highest price of the week at Rs.4,970 per gram on 8 December.
    • Declining marginally to Rs.4,918 per gram on 9 December, the price of the metal dipped further to Rs.4,877 per gram on 10 December due to higher risk appetite amongst investors.
    • On 11 December, the price of the metal dipped marginally again to Rs.4,871 per gram and increased to Rs.4,890 per gram on 12 December, closing the week at the same rate.

    December 2020 - Week 3 (14 - 20):

    • Gold price in Vijayawada at the start of the third week of December was Rs.4,890 per gram. There was no change in the price of the yellow metal when compared to the closing price of the previous week.
    • The price of gold dipped in the city the following day and a gram of the 24-karat gold was retailed for Rs.4,860 on 15th December. Gold rate recovered gradually in Vijayawada and was priced Rs.4,930 per gram on 17th December.
    • Gold closed the week in Vijayawada at Rs.4,981 per gram. This was the highest recorded price of the yellow metal for the month till date. The overall performance witnessed an inclining trend.

    December 2020 - Week 4 (21 - 27):

    • Gold rate in Vijayawada opened the fourth week of December at Rs.5,017 per gram which was the highest price in the week. However, the price of the metal dipped on the following day to Rs.4,984 per gram.
    • On 23 December, the gold rate increased marginally to Rs.4,949 per gram with decreased risk appetite amongst investors and a fall in the value of the dollar. On 24 December, the metal’s price increased marginally to Rs.4,950 per gram.
    • The metal’s price increased substantially on Christmas Day at Rs.4,963 per gram and increased further to Rs.4,967 per gram on 26 December, holding steady till the end of the week.

    December 2020 - Week 5 (28 - 31):

    • Gold price in Vijayawada at the start of the final week of December was Rs.4,996 per gram. The price of the yellow metal was up by Rs.29 for every gram when the rate was compared to the closing price of the previous week.
    • The price of gold fluctuated in the city over the week. A gram of the 24-karat gold was retailed for Rs.4,961 on 30th December.
    • Gold closed the week in Vijayawada at Rs.4,960 per gram with the overall performance witnessed an inclining trend in the rates.

    Trend of Gold Rate in Vijayawada for November 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    November 1 Rate Rs.4,998 per gram
    November 30 Rate Rs.4,876 per gram
    Highest Rate in November Rs.5,128 per gram from 7 November to 9 November
    Lowest Rate in November Rs.4,803 per gram on 28 November and 29 November
    Overall Performance Decline

    November 2020 - Week 1 (1 - 8):

    • On 1 November, the price of gold opened the first week of November at Rs.4,998 per gram in Vijayawada and was at its lowest at Rs.4,997 per gram on 2 November and 3 November.
    • However, on 4 November, the gold rate in Vijayawada increased to cross the Rs.5,000 per gram mark at Rs.5,042 per gram and dipped to Rs.5,031 per gram on the following day.
    • The price of gold on 6 November recovered and was Rs.5,081 per gram and further increased to Rs.5,128 per gram on 7 November and closed the week at the same price, recording an overall incline.

    November 2020 - Week 2 (9 - 15)

    • Gold rate in Vijayawada opened the second week of November at Rs.5,128 per gram. When compared to the closing price of the previous week, there was no change in the price of the precious metal.
    • Gold rates saw some fluctuations over the next few days and recorded its lowest price for the month till date. A gram of the yellow metal was retailed for Rs.4,990 on 12th November.
    • The price of gold closed the week at Rs.5,022 per gram. The overall performance of gold in Coimbatore witnessed an inclining trend.

    November 2020 - Week 3 (16 - 22):

    • In Vijayawada, opening the third week of the month at Rs.5,062 per gram on 16 November, gold prices showed a declining trend throughout the week. On 17 November, the price of the metal dipped to Rs.5,041 per gram.
    • As the risk appetite amongst investors increased with Pfizer and other pharma companies offering positive news on the upcoming COVID-19 vaccine, the focus on the bullion fell. On 19 November, the price of the metal was Rs.4,984 per gram.
    • Falling marginally on 20 November at Rs.4,982 per gram, the metal closed the third week of the month at Rs.4,998 per gram on 22 November.

    November 2020 - Week 4 (23 - 30):

    • Opening at Rs.4,990 per gram on 23 November, the price of the metal dipped to Rs.4,876 per gram on 24 November and was the same on 25 November.
    • On 26 November, the price of the metal dipped to Rs.4,837 per gram and further to Rs.4,805 per gram on 27 November due to a rise in the value of the dollar. The metal’s value declined to hit the lowest price of the month on 28 November at Rs.4,803 per gram.
    • After holding steady on 29 November at the same price, gold closed the month at Rs.4,876 per gram on 30 November with an overall weekly decline.

    Trend of Gold Rate in Vijayawada for October 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    October 1 Rate Rs.5,066 per gram
    October 31 Rate Rs.4,998 per gram
    Highest Rate in October Rs.5,131 per gram on 12 October
    Lowest Rate in October Rs.4,904 per gram on 20 October
    Overall Performance Decline

    October 2020 - Week 1 & 2 (1 -11):

    • In Vijayawada, a gram of gold was priced at Rs.5,066 per gram on 1 October and dipped to Rs.5,042 per gram on 5 October, holding steady at the same price on the following day as well.
    • On 7 October, the price of the metal was Rs.5,405 per gram and decreased marginally to hit the lowest price of the week on 8 October at Rs.5,040 per gram.
    • On 9 October, gold rate in Vijayawada was Rs.5,084 per gram and increased to hit the highest price of the week at Rs.5,125 per gram on 10 October, closing the week at the same rate on the following day.

    October 2020 - Week 3 (12 - 18):

    • In Vijayawada, the price of gold opened the week at Rs.5,131 per gram. This was the highest recorded price of the yellow metal for the month till date. When compared to the closing price of the previous week, there was an increase of Rs.6 in the rates.
    • Gold price saw some fluctuations in the city throughout the week. A gram was retailed for Rs.5,096 per gram on 16th October.
    • Gold price in Vijayawada slipped to Rs.4,914 per gram on 17th October, which was the lowest price of the precious metal for the month till date before closing the week at the same price. The trend witnessed in the rates was a declining one.

    October 2020 - Week 4 (19 - 25):

    • Opening the fourth week of the month at Rs.4,925 per gram, gold rate in Vijayawada dipped on the following day to its lowest price of the month at Rs.4,904 per gram on 20 October. On 21 October, the prices recovered marginally to Rs.4,940 per gram.
    • On 22 October, the price of the metal increased further to Rs.4,956 per gram and dipped on the next day by Rs.10 to Rs.4,946 per gram on 23 October.
    • Gold prices fluctuated constantly due to the volatility of the international markets and was at Rs.4,935 per gram on 24 October and closed at Rs.4,958 per gram on 25 October.

    October 2020 - Week 5 (26 - 31):

    • In Vijayawada, the price of gold opened the final week of October at Rs.4,949 per gram. When compared to the closing price of the previous week, there was a drop of Rs.9 in the price of every gram.
    • Gold price in Vijayawada jumped to Rs.5,026 per gram the next day before slipping to Rs.4,971 per gram on 30th October.
    • Gold closed the week at Rs.4,998 per gram in Vijayawada with the overall performance witnessing a declining trend.

    Trend of Gold Rate in Vijayawada for September 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    September 1 Rate Rs.5,221 per gram
    September 30 Rate Rs.5,076 per gram
    Highest Rate in September Rs.5,221 per gram on 1 September
    Lowest Rate in September Rs.4,993 per gram on 24 September
    Overall Performance Decline

    September 2020 - Week 1 (1 - 6):

    • Gold rate in Vijayawada saw a declining trend during the first week of September, opening the month at Rs.5,221 per gram on 1 September which was the highest price of the metal during the week.
    • On 3 September, gold price was at its lowest at Rs.5,121 per gram and increased marginally in the following days of the week.
    • At the end of the week, with the risk appetite of investors at a high and the dollar value holding strong, the yellow metal closed the week with an overall decline at Rs.5,132 per gram on 6 September.

    September 2020 - Week 2 (7 - 13):

    • Gold rate in Vijayawada opened the week at Rs.5,129 per gram. When compared to the closing price of the previous week, the rate of the yellow metal was down by Rs.3 per gram.
    • While the price of gold remained unchanged the next day, it increased to Rs.5,171 per gram on 10th September before dropping in the city.
    • The yellow metal closed the second week of September at Rs.5,145 per gram. The overall performance witnessed a declining trend in the rates.

    September 2020 - Week 3 (14 - 20):

    • Gold rate in Vijayawada opened the third week of September at Rs.5,152 per gram. When compared to the closing price of the previous week, the price of the precious metal was up by Rs.7 for every gram.
    • While gold rate climbed over the next two days, it dropped to Rs.5,154 per gram on 17th September before recovering gradually.
    • The price of gold closed the week at Rs.5,206 per gram. The overall performance of gold in Coimbatore witnessed a declining trend.

    September 2020 - Week 4 (21 - 27):

    • Gold price in Vijayawada opened the fourth week of the month at Rs.5,181 per gram on 21 September and dipped to Rs.5,051 per gram on 23 September as the value of the U.S. dollar increased in the market.
    • On 24 September, the precious metal hit its lowest price of the month at Rs.4,993 per gram and recovered marginally on the following day at Rs.5,028 per gram on 25 September.
    • After recording a marginal drop in prices on 26 September at Rs.5,019 per gram, the metal closed the week at the same rate on 27 September, recording an overall decline for the week.

    September 2020 - Week 5 (28 - 30):

    • A gram of the 24-karat gold was retailed for Rs.5,009 in Vijayawada at the start of the final week of September. The price of the yellow metal recorded a drop of Rs.10 for every gram when compared to the closing price of the previous week.
    • The price of gold increased over the next two days and closed the month at Rs.5,076 per gram.
    • Gold price in Vijayawada witnessed a declining trend in the rates over the month of September.

    Trend of Gold Rate in Vijayawada for August 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    August 1 Rate Rs.5,437 per gram
    August 31 Rate Rs.5,190 per gram
    Highest Rate in August Rs.5,691 per gram on 7 August
    Lowest Rate in August Rs.5,158 per gram on 29 August
    Overall Performance Decline

    August 2020 - Week 1 (1 - 9):

    • At the beginning of August, gold rate in Vijayawada opened at Rs.5,437 per gram on 1 August and recorded its lowest price of the week. The metal crossed the Rs.5,400 per gram mark on the following day.
    • With risk appetite amongst investors at a low due to continuous speculations of slower economic growth and the rising cases of COVID-19, demand for gold increased to a great extent.
    • The metal hit its highest price of the week on 7 August at Rs.5,691 per gram and closed at Rs.5,654 per gram on 9 August.

    August 2020 - Week 2 (10 - 16):

    • At the start of the second week of August, the price of gold in Vijayawada was Rs.5,626 per gram. When compared to the closing price of the previous week, the rates were down by Rs.28.
    • Gold recorded its lowest price for the month till date on 12th August when a gram cost Rs.5,264.
    • While the rates saw improvement over the next few days, it recorded a drop again on 15th August and closed the week at Rs.5,355 per gram. The metal’s overall performance in the city witnessed a declining trend.

    August 2020 - Week 3 (17 - 23):

    • In the third week of August, gold price in Vijayawada was Rs.5,325 per gram on 17 August and increased by Rs.100 to Rs.5,425 per gram on 18 August. The metal’s price was Rs.5,414 per gram on 19 August.
    • Gold rate decreased on 20 August to below the Rs.5,400 per gram mark at Rs.5,338 per gram and held steady at the same rate on the following day.
    • On 22 August, gold price was at its lowest in the month till date at Rs.5,300 per gram and ended the week at the same price on 23 August.

    August 2020 - Week 4 (24 - 31):

    • At the start of the final week of August, the price of gold in Vijayawada was Rs.5,253 per gram. When compared to the closing price of the previous week, the rates were down by Rs.47 for every gram.
    • Gold price slipped in the city over the next few days and recorded its lowest price for the month 29th August when a gram was retailed for Rs.5,158 per gram.
    • The price of gold increased over the last two days of the month and closed the week at Rs.5,691 per gram. The metal’s overall performance in the city witnessed a declining trend.

    Trend of Gold Rate in Vijayawada for July 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    July 1 Rate Rs.4,908 per gram
    July 31 Rate Rs.5,381 per gram
    Highest Rate in July Rs.5,381 per gram on 31 July
    Lowest Rate in July Rs.4,841 per gram on 6 July
    Overall Performance Incline

    July 2020- Week 1 (01 - 05):

    • The price of gold in Vijayawada was Rs.4,908 per gram on 1 July and was the highest price of the metal during the week. On 2 July, the value of the metal dipped to Rs.4,865 per gram in the city with investors shifting back the equities market as the United States of America showcased positive data in the country.
    • With reports of a possible vaccine in the news, the risk appetite amongst investors increased due to which the value of the yellow metal declined. On 3 July, the price of gold was Rs.4,858 per gram and further decreased to Rs.4,853 per gram on 4 July which was its lowest price in the week.
    • On the last day of the week, the value of the metal remained steady with no changes in price at Rs.4,853 per gram and recorded an overall decline for the week.

    July 2020 - Week 2 (06 - 12):

    • In Vijayawada, the value of the metal opened at Rs.4,841 per gram on 6 July and showed an inclining trend through the week. With the rise in cases all over the world, the safe-haven demand for gold increased and the price of the metal increased marginally to Rs.4,873 per gram on 7 July. With a continuing inclining trend, gold prices increased on 8 July as well to cross the Rs.4,900 per gram mark at Rs.4,912 per gram with risk appetite hovering at a low.
    • Even though the dollar value recovered in the market, the price of the metal increased further to cross the Rs.4,950 per gram mark at Rs.4,953 per gram on 9 July which was the highest price of the metal for the week in the city. However, with gold prices hitting 8-year highs, the value of the metal dipped on 10 July as hopes for an economic recovery rose amongst investors prompting them to shift to the equities market.
    • On 11 July, the price of the precious metal dipped further to Rs.4,923 per gram as the focus was still on the equities market with the value of the dollar holding steady. At the end of the week, the price of the metal closed at Rs.4,923 per gram with an overall percentage incline.

    July 2020 - Week 3 (13 - 19):

    • The price for a gram of the 24-karat gold was Rs.4,931 per gram on 13th July in Vijayawada. When compared to the closing price of the previous week, the rate was up by Rs.8
    • While gold rates slipped the next day, it climbed over the next couple of days. The increase in the rates saw gold touch its highest price for the month on 16th July when a gram was retailed for Rs.4,954
    • Gold price in Vijayawada fluctuated over the last three days of the week and closed at Rs.4,938 per gram. The price of gold witnessed an inclining trend in the city over the week.

    July 2020 - Week 4 (20 - 26):

    • The price of gold in Vijayawada on 20th July was Rs.4,930 per gram. Compared to the closing price of the previous week, the rate of the yellow metal was down by Rs.8
    • Gold rates increased gradually in the city over the week. The incline in the rates saw gold price go up by Rs.219 for every gram.
    • Gold price in Vijayawada closed the fourth week of July at Rs.5,149 per gram. This was highest recorded price of the metal for the month of July till date. Gold’s overall performance witnessed an inclining trend in the city.

    July 2020 - Week 5 (27 - 31):

    • Opening the last week of July at Rs.5,227 per gram on 27 July, gold prices in Vijayawada showed a continued inclining trend throughout the week.
    • On 29 July, gold rates crossed the Rs.5,300 per gram mark at Rs.5,317 per gram and increased further on the following day due to decreased risk appetite amongst investors due to the rise in COVID-19 cases all over the world.
    • Gold rates increased further and hit its highest on the last day of the week and closed at Rs.5,381 per gram.

    Trend of Gold Rate in Vijayawada for June 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    June 1 Rate Rs.4,733 per gram
    June 30 Rate Rs.4,858 per gram
    Highest Rate in June Rs.4,877 per gram on 29 June
    Lowest Rate in June Rs.4,657 per gram on 8 June
    Overall Performance Incline

    June 2020 - Week 1 (1 - 7):

    • In Vijayawada, a gram of the yellow metal was retailed for Rs.4,733 per gram on the opening day of the month. Compared to what was charged on the final day of the previous month, there was no change in the rates. The opening price was the highest recorded price of gold in the city for the month till date.
    • The rates were on a declining trend over the next few days as equities jumped to a three-month high on optimism over global economic recovery. Gold prices improved slightly on 5th June as equity rally halted and the dollar softened. A gram of the precious metal was retailed for Rs.4,708 in the city on the mentioned date.
    • The price of gold however slipped further in the city and closed the opening week at Rs.4,648 per gram. This was the lowest price of the metal for the month till date. Gold’s overall performance in the city witnessed a declining trend in the rates.

    June 2020 - Week 2 (8 - 15):

    • With the number of new COVID-19 cases rising in various countries in what is being termed as the second wave of the novel pandemic, the safe-haven demand for the metal increased. However, the price of the precious metal showed continuous fluctuation throughout the second week of the month at Rs.4,669 per gram on 9 June and increasing to cross the Rs.4,700 per gram mark at Rs.4,719 per gram on 10 June. As the value of the dollar showed a dip in the international market, the value of the metal increased further and was priced at Rs.4,764 per gram on 11 June with investors awaiting on the economic data projection for the U.S. from the United States Federal Reserve.
    • With the value of the dollar recovering in the international market, investors with a higher risk appetite shifted to the equities market and the price of the metal momentarily dipped to Rs.4,752 per gram on 12 June. However, with dismal economic data projected in the United Kingdom, investors shifted back the bullion market with lower risk appetite and higher safe-haven appeal. The price of the metal increased to Rs.4,780 per gram on 13 June and remained steady on 14 June as well.
    • At Rs.4,780 per gram on 14 June, gold prices dipped at the end of the week due to a rise in the value of the dollar amidst renewed COVID-19 cases which resulted in a higher risk appetite amongst investors. At the end of the week, gold closed with an overall weekly incline at Rs.4,759 per gram on 15 June.

    June 2020 - Week 3 (16 - 21):

    • In Vijayawada, a gram of the 24-karat gold was priced Rs.4,757 at the start of the third week of the month. Compared to the closing price of the previous week, the rates recorded a minimal decline of Rs.2 for every gram of the precious metal.
    • Over the week, the rates of the yellow metal increased gradually in the city. The jump in the rates of the metal was accounted to increased demand for the safe-haven metal fearing a second wave of coronavirus cases. Gold was priced at Rs.4,785 per gram on 19th June.
    • Gold closed the week at Rs.4,838 per gram in the city. This was highest price charged for a gram of the precious metal in Vijayawada for the month of June till date. The overall performance of gold witnessed an inclining trend in the rates over the week.

    June 2020 - Week 4 (22 - 30):

    • In Vijayawada, the cost for a gram of the 24-karat gold was Rs.4,860 at the start of the final week of June. There was an increase of Rs.22 in the rates when compared to what the precious metal cost at the end of the precious week.
    • Over the next couple of days, the rates of gold fluctuated before dropping to Rs.4,831 per gram on 26th June. The drop was witnessed after investors turned to the safety of the US dollar and pressured risky assets given a spike in coronavirus cases across the world and mounting economic trolls.
    • The rates of the yellow metal edged higher in the following days and recorded its highest price on the penultimate day of the month with a gram costing Rs.4,877 in the city. Gold closed the week in Vijayawada at Rs.4,858 per gram with the overall performance witnessing an inclining trend in the rates.

    Trend of Gold Rate in Vijayawada for May 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    May 1 Rate Rs.4,615 per gram
    May 31 Rate Rs.4,733 per gram
    Highest Rate in May Rs.4,815 per gram on 18 May
    Lowest Rate in May Rs.4,558 per gram on 2 May
    Overall Performance Decline

    May 2020 - Week 1 (1 - 9):

    • In Vijayawada, gold opened the month of May at Rs.4,615 per gram. Compared to the closing price of the previous month, the rate charged for every gram of the gold was down by Rs.49. Over the opening week, gold prices witnessed an incline in the city.
    • Gold recorded its lowest price for the month to date the following day with a gram costing Rs.4,558. The rate of the gold increased following as the bullion’s safe-haven appeal was bolstered because of rising tensions between the United States of America and China over the origin of coronavirus pandemic. A gram of the 24-karat gold cost Rs.4,635 on 7th May in Vijayawada.
    • The rate of the gold slipped in the city the following day as appetite of riskier assets improved and investors awaited the U.S. jobs report for the month of April in order to gauge the economic impact of coronavirus-induced lockdowns. Gold closed the opening week of May at Rs.4,675 per gram, the highest for the month to date with the overall performance showing a incline in the rates.

    May 2020 - Week 2 (10-16):

    • Gold was priced at Rs.4,675 per gram on 10 May, opening the second week of the month in the city of Vijayawada. There were no changes in the metal’s price compared to the previous week’s closing price of the precious metal. On 11 May, the price of gold remained steady at Rs.4,675 per gram with investors shifting away from equities and investing in the bullion market due to rising fears of a sudden surge of fresh COVID-19 cases all over the world.
    • On 12 May, the price of the metal increased marginally by Rs.6 to Rs.4,681 per gram and further increasing to Rs.4,686 per gram on 13 May. With various central banks all over the world releasing additional stimulus packages to support the economy, the bullion market received a sufficient boost, resulting in the rise in its prices. On 14 May, the price of the metal had dipped marginally to Rs.4,665 per gram with the rise in the value of the United States dollar in the international market prompting investors with higher risk appetite to the equities market.
    • However, with trade tensions between China and the United States of America increasing in an already weak economy, the price of the metal increased to Rs.4,708 per gram on 15 May. With lower risk appetite amongst investors, gold thrived and the price of the precious metal on the last day of the week hit its highest of the week at Rs.4,773 per gram on 16 May, recording an overall weekly inclining trend.

    May 2020 - Week 3 (17 - 23):

    • In Vijayawada, gold was priced at Rs.4,773 per gram at the start of the third week of May. There was no change in the rates of the yellow metal when compared to the closing price of the previous week.
    • Gold recorded its highest price for the month of May till date the following day. A gram of the yellow metal cost Rs.4,815 as the rates increased due to worries over the growing tensions between China and the United States of America and weak U.S. economic data.
    • The rates of gold slipped in Vijayawada over the next four days. The drop in the rates of the precious metal was accounted to equities gaining on hopes for a swift recovery from the coronavirus-induced economic slump. Gold prices recovered on the final day of the penultimate week of May and closed at Rs.4,771 per gram. The overall performance of the metal witnessed an inclining trend in the rates.

    May 2020 - Week 4 (24 - 31):

    • In the city of Vijayawada, gold prices opened the last week of the month at Rs.4,771 per gram on 24 May and dipped to Rs.4,749 per gram on 26 May. The yellow metal showed an overall decline in its prices for the last week of the month due to various factors affecting the prices of gold in the international market. The price of the metal dipped marginally on 25 May due to higher risk appetite amongst investors due to positive data from the Japanese equities market. The price of the metal on 27 May remained steady at Rs.4,749 per gram.
    • The price of gold on 28 May declined further to Rs.4,700 per gram, increasing marginally by Rs.9 on 29 May and being priced at Rs.4,709 per gram. Gold prices dipped on 28 May in the city despite showcasing positive trends in the international market. However, on 29 May, the price of the metal increased marginally with the U.S. dollar showcasing a dip in its value in the international market.
    • On 30 May, the price of the metal held steady at Rs.4,709 per gram and on the last day of the month and week, gold prices showed an incline. On 31 May, the price of the metal increased and closed at Rs.4,733 per gram recording an overall weekly decline.

    Trend of Gold Rate in Vijayawada for April 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    April 1 Rate Rs.4,150 per gram
    April 30 Rate Rs.4,664 per gram
    Highest Rate in April Rs.4,734 per gram on 26 and 27 April
    Lowest Rate in April Rs.4,150 per gram on 1 - 6 and 8 - 18 April
    Overall Performance Incline

    April 2020 - Week 1 (1 - 4):

    • A gram of gold was priced at Rs.4,150 per gram in Vijayawada on 1 April. In the first week of the month, the price of the gold held steady with no changes in the opening and closing price. Even though there were no changes in prices in the city, gold prices saw heavy changes in the international market.
    • With the country on lockdown due to the pandemic COVID-19, the physical buying of gold was halted. However, in the global market, gold prices fluctuated heavily due to various factors. After the metal had hit a low in the last week of March, gold prices recovered marginally as traders awaited the release of the job data in the United States of America.
    • With a growing dollar value, gold prices were at a marginal inclining rate. However, with the poor job data revealed in the United States of America, the traders shifted to the bullion market for its safe-haven appeal. In Vijayawada, on 4 April, the gold rate closed at Rs.4,150 per gram.

    April 2020 - Week 2 (5 -11):

    • A gram of gold was priced at Rs.4,150 per gram in Vijayawada on 5th April. This was the lowest price of the precious metal in the city for the month till date.
    • Having stayed constant for the next day, the rates jumped to its highest on 7th April with a gram of the 24-karat gold costing Rs.4,404. The increase in the prices was accounted to expectations of global stimulus measures in order to counter the economic damage caused by the outbreak of Covid – 19. This was the highest recorded price of the metal in the city for the month till date.
    • The rates eased following that as the U.S. dollar firmed, while signs of a slowdown in the new coronavirus cases in major hot spots hurt the metal's safe-haven appeal. Gold closed the week at Rs.4,150 per gram.

    April 2020 - Week 3 (12 - 18):

    • Opening at Rs.4,150 per gram on 1 April, the price of gold in Vijayawada at the beginning of the third week of the month was Rs.4,150 per gram. With continued fears of recession and no activity in the national trade due to the lockdown, the price of the metal remained steady.
    • At the end of the week, gold reported no losses or gains in its prices in the city and closed at Rs.4,150 per gram on 18 April. Even though the international market showed varying prices of the metal with continuous fluctuations, the price in the city did not change and remained steady.

    April 2020 - Week 4 (19 - 25):

    • In Vijayawada, a gram of the 24-karat gold was retailed for Rs.4,150 on 19th April. Compared to the closing price of the previous week, there was no change in the rates of the precious metal.
    • The rates of the yellow metal climbed in the city after staying constant for a day due to dwindling share markets as U.S. oil prices plunged and concerns about economic damage due to the pandemic persisted. The increase in the prices saw gold being retailed for Rs.4,712 per gram in the city.
    • Gold prices continued to be on the upward curve emboldened by hopes of more stimulus from the United States as a coronavirus-led lockdown took its toll on the economy. The precious metal recorded its highest price for the month till date on 23rd April with a gram costing Rs.4,759 in the city before closing the week at Rs.4,755 per gram in Vijayawada.

    April 2020 - Week 5 (26 - 30):

    • In Vijayawada, the price of the metal at the beginning of the last week of the month was Rs.4,734 per gram on 26 April which was the highest price of the week. Gold prices recorded a fluctuating trend in the international market due to various global factors. On 27 April, the price of the metal held steady at Rs.4,734 per gram.
    • However, on 28 April, the price of the meta dipped marginally to Rs.4,698 per gram with investors taking on heavy profit booking with the rising prices of the metal. Due to this, and the crisis of COVID-19, the price of the metal kept fluctuating. On 29 April, gold prices dipped to Rs.4,645 per gram with investors speculating easing of restrictions in the United States of America, resulting in higher risk appetite.
    • On the last day of the month, the price of the metal increased marginally to Rs,4,664 per gram on 30 April. The rise in prices was majorly due to the central banks releasing stimulus packages to help get the economy stabilised. With this, the metal showed an overall incline in prices for the month of April.

    Trend of Gold Rate in Vijayawada for March 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    March 1 Rate Rs.4,185 per gram
    March 31 Rate Rs.4,150 per gram
    Highest Rate in March Rs.4,443 per gram on 6 March
    Lowest Rate in March Rs.4,026 per gram on 19 March
    Overall Performance Decline

    March 2020 - Week 1 (01 - 07):

    • On 1 March, the price of gold was Rs.4,185 per gram opening with no changes when compared with the previous week’s closing prices. The gold prices remained steady on 2 March as well at Rs.4,185 per gram. Investors awaited interest rate cuts to help stabilise the economy which has been affected greatly by the Coronavirus all over the world. The gold was priced at Rs.4,215 per gram on 3 March, increasing marginally due to increased safe-haven demand amongst investors. This was majorly due to the interest rate cut by the United States Federal Reserve.
    • On 4 March, the price of the gold increased by more than Rs.100 to Rs.4,361 per gram. However, the gold rate decreased to Rs.4,343 per gram on 5 March with a slightly higher risk appetite amongst investors with a positive trend of the United States dollar in the global markets. Even though the price of the metal showed positive trends in the international market, local demand of the metal in the state was subdued.
    • On 6 March, gold prices increased and set a record of hitting the highest price in the month and in 7 years at Rs.4,417 per gram with increased fears of the Coronavirus and its effect on human life along with the economy. However, soon after hitting the monthly high, the price of the gold dipped marginally and closed the week at Rs.4,417 per gram due to profit bookings made by investors to cover the margin calls in the equity markets.

    March 2020 - Week 2 (8 - 14):

    • Gold price stood at Rs.4,417 per gram on 8 March in Vijayawada. There was no change in the rates of the yellow metal when compared to the closing price of the previous week. Even though gold prices in the international market went past the $1,700 per ounce level the next day, the rates of the yellow metal slipped to Rs.4,408 per gram in the city on 9 March.
    • The rates of the precious metal increased to Rs.4,427 per gram on 10 March as some worries about the growth outlook eased following Donald Trump’s pledge to take appropriate steps in order to shield the economy from the impact of coronavirus outbreak.
    • Gold prices in Vijayawada declined considerably until the end of the week as traders sold the yellow metal to cover margins for stock markets spooked by the spread of coronavirus across the world. Gold closed the second week of March at Rs.4,131 per gram, the lowest recorded price of the metal for the month till date. The yellow metal’s overall performance in the city showed a declining trend in the prices.

    March 2020 - Week 3 (15 - 21):

    • Opening the week at Rs.4,131 per gram, gold prices in Vijayawada showed an overall declining trend in prices throughout the week due to continued panic over COVID-19 and its effect on the economy. The price of the gold had increased to Rs.4,160 per gram on 16 March in just one day with the emergency rate cut being announced by the United States Federal Reserve. Due to this, the gold rate increased. However, with more investors and traders looking to liquidate their assets for cash to keep during the lockdown, the gold price dipped to Rs.4,064 per gram on 17 March.
    • On 18 March, the gold rate had increased to Rs.4,136 per gram amidst the rate cut and investors still buying the gold as a safe-haven option. With the value of the rupee dipping against the dollar, the price of the metal has been faltering extensively along with traders hoarding for cash. However, gold prices hit it monthly low on 19 March, just as the European Central Bank announced a few measures to be taken to help stabilize the economy. On the date, a gram of gold was priced at Rs.4,026 per gram.
    • Gold prices on 20 March increased amidst a slight safe-haven demand for the metal amidst investors and traders. The price of the gold was Rs.4,104 per gram and closed the week at a higher price of Rs.4,164 per gram due to its safe-haven appeal.

    March 2020 - Week 4 (22 - 31):

    • In Vijayawada, gold opened the final week of March at Rs.4,164 per gram. Compared to the closing price of the previous week, the rates of the yellow metal saw no change.
    • The rates of the 24-karat gold slipped to Rs.4,159 per gram as investors unloaded bullion in exchange for cash after several more countries announced lockdowns to curtail the spread of the coronavirus. This overshadowed the policymakers’ efforts to soften the economic impact caused by the outbreak of the pandemic.
    • The drop in the prices continued and a gram of the yellow metal was retailed for Rs.4,150 on 24 March. The rates didn’t see any change following that as the country went into a 21-day lockdown as the government looked to contain the spread of the deadly virus. Gold closed the week at the same price and witnessed a declining trend in the prices in Vijayawada.

    Trend of Gold Rate in Vijayawada for February 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    1st February Rate Rs.4,077 per gram
    29th February Rate Rs.4,185 per gram
    Highest Rate in February Rs.4,305 per gram on 24 February
    Lowest Rate in February Rs.4,030 per gram on 6 February
    Overall Performance Incline

    February 2020 - Week 1 (1 - 9):

    • With the tensions increasing amongst investors around Coronavirus and the number of people being affected, gold prices opened in Vijayawada at Rs.4,077 per gram on 1 February. Through the week, the rates of the metal fluctuated. In the beginning of the week, the price of the metal held steady until 3 February.
    • On 4 February, the price of the metal dipped marginally to Rs.4,071 per gram, falling further to hit its lowest price of the week at Rs.4,030 per gram on 6 February. This was majorly due to China taking measures to push liquidities into the economy and keep the country afloat amidst rising tensions.
    • However, the effect of these measures was short-lived as the metal gained in the latter half of the week. As the virus affected more lives and the death toll increased, the metal’s price increased to Rs.4,093 per gram due to its safe-haven appeal. On 9 February, the price of the metal was Rs.4,093 per gram recording an overall incline.

    February 2020 - Week 2 (10 - 16):

    • Gold started the second week of February at Rs.4,079 per gram. In the city, the rates dropped by Rs.14 for every gram when compared to the previous week’s closing price.
    • The rates of the yellow metal dropped in Vijayawada over the next couple days as dollar eased from a four-month high and the stocks faltered. The decline in the prices meant that a gram of the 24-karat gold cost Rs.4,057 in the city.
    • The yellow metal closed the week at Rs.4,120 per gram, the highest recorded price for the month of February till date. The increase in the prices was accounted to investors’ assessing the risks to the global economy due to the outbreak of coronavirus.

    February 2020 - Week 3 (17 - 23):

    • For the month of February, gold prices in the third week opened at Rs.4,107 per gram on 17 February. The third week of the month showed heavy inclines for the metal due to its increased safe-haven appeal amongst investors with the faltering economy as an aftermath of the Coronavirus. On 18 February, the price of the metal had increased by Rs.2 to Rs.4,109 per gram.
    • However, the price of the metal recorded a major rise in prices at Rs.4,151 per gram on 19 February with investors shifting to the bullion market and thus increasing the demand for the yellow metal. On 20 February, the price of gold had increased to Rs.4,179 per gram and crossed the Rs.4,200 per gram mark on 21 February at Rs.4,213 per gram.
    • On 22 February, the metal hit its highest price of the month at Rs.4,276 per gram with the help of positive global trends and local demand amidst the wedding season providing support for the metal.

    February 2020 - Week 4 (24 to 29):

    • Gold prices opened the fourth week at Rs.4,305 per gram in Vijayawada. There was an increase of Rs.29 for every gram of the 24-karat gold when compared to the previous week’s closing price.
    • The rates of the yellow metal slipped over the next two days and cost Rs.4,262 per gram in the city. As investors sought refuge in safe-haven assets following a U.S. warning of an inevitable pandemic, the rates of the yellow metal climbed in Vijayawada and cost Rs.4,286 per gram on 27 February.
    • Gold closed the final week of the month at Rs.4,185 per gram after the prices declined following that given that worries intensified that the rapidly spreading coronavirus could turn into a pandemic and derail global economic growth.

    Trend of Gold Rate in Vijayawada for January 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    January 1 Rate Rs.3,922 per gram
    January 31 Rate Rs.4,074 per gram
    Highest Rate in January Rs.4,125 per gram on 8 January
    Lowest Rate in January Rs.3,919 per gram on 2 January
    Overall Performance Incline

    January 2020- Week 1 (01 - 05):

    • The price of gold in Vijayawada showed a steady incline throughout the first week of January due to global factors. Opening at Rs.3,922 per gram on 1 January, the precious metal’s price increased to Rs.3,983 per gram by 3 January due to a weak dollar value.
    • On 4 January, the yellow metal’s prices increased further to Rs.4,024 per gram due to President Trump’s remarks on the drone strike on Iran which resulted in the death of the commander of the Qud’s force.
    • Gold prices closed the first week of the month, year and decade nearing 7-year highs at Rs.4,024 per gram due to the tensions hovering around Iran and the United States of America.

    January 2020- Week 2(06 - 12):

    • In Vijayawada, gold prices opened the second week of January at Rs.4,091 per gram and showed a fluctuating trend throughout the week. On 7 January, the price of the metal dipped to Rs.4,035 per gram. The fluctuating price of the metal was majorly due to the tensions between the United States of America and Iran.
    • Despite global trends, the price of gold in Vijayawada hit its highest till date at Rs.4,125 per gram. This was due to a steady local demand of the metal. Gold prices in the second half of the week took a hit soon after.
    • On 9 January, gold prices dipped to Rs.3,983 per gram when United States President Donald Trump took a call to ease the tensions between the two countries. With this, the risk appetite of the investors increased, and gold prices dipped. At the end of the week, the price of the metal closed at Rs.4,011 per gram.

    January 2020- Week 3(13 - 19):

    • In Vijayawada, gold prices opened the third week of January at Rs.3,991 per gram and fluctuated throughout the week. On 14 January, the price of the metal dipped marginally to Rs.3,952 per gram. This was majorly due to the investors awaiting the trade deal being signed by the United States of America and China.
    • The price of the metal recovered and was Rs.3,991 per gram on 15 January, as the deal was being signed. Amidst a higher risk appetite amongst traders, the price of the metal increased by just Re.1 on 16 January to Rs.3,992 per gram.
    • On 17 January, the price of the metal was Rs.3,999 per gram and increased to Rs.4,019 per gram due to an escalation in geopolitical tensions in the Middle East. As more than 100 soldiers were killed in Yemen, traders shifted to gold as safe haven. At the end of the week, gold closed at Rs.4,019 per gram.

    January 2020 - Week 4 (20 - 26):

    • Gold opened the fourth week of January at Rs.4,011 per gram in Vijayawada after declining by Rs.8 per gram from the rates charged on the last day of the previous week.
    • On January 21, the rates of gold climbed to Rs.4,028 per gram in the city. The jump in the prices was accounted to investors seeking refuge in the safe-haven metal rates due to growing concerns regarding tensions in the Middle East and the outbreak of the deadly coronavirus in China.
    • Gold prices dipped to Rs.3,997 per gram the following day in Vijayawada. The fall in the prices was seen because the dollar firmed, and investors assessed the risk of the deadly virus becoming a global epidemic. Over the next few days, the price of the yellow metal increased gradually and closed the penultimate week of January at Rs.4,055 per gram in the city.

    January 2020 - Week 5 (27 - 31):

    • On 27 January, in Vijayawada, the price of the metal opened the last week of the month at Rs.4,070 per gram and showed a fluctuating trend throughout the week. The increase in the price of the metal was due to the fears of the Coronavirus in China and the increasing number of cases and deaths in the world.
    • The price of the metal for the next three days showed a declining trend at Rs.4,066 per gram on 28 January and then to Rs.4,030 per gram on 29 January. As China recorded better data in manufacturing, the stock market held steady. The reduction in prices was also as investors in India awaited on the Union Budget 2020.
    • However, as the fears of the virus increased with the WHO declaring it a World Health Emergency, the stock market suffered a dip. Investors shifted back to the bullion and closed the month at Rs.4,074 per gram on 31 January.

    FAQs About 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.
      • Buy-back terms of the lender

    Find Today's Gold Rate in Top Metro Cities

    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 Price in NearBy Cities of Vijayawada

    Read more on Gold

    News About Gold rate in Vijayawada

    • Gold prices steady as surging pandemic cases offset vaccine roll-outs

      Spot gold had been steady and settled at $1,826.68 per ounce. The U.S. gold futures eased by 0.1% and reached $1,829.70. The vaccinations in the United States had started on Monday with a New York City.

      16 December 2020

    • December gold contracts trading higher at the MCX

      December gold contracts on the Multi-Commodity Exchange (MCX) traded 0.70% higher to settle at Rs. 51,178 per 10 grams while the December silver futures traded 1% higher at Rs 61,995 per kg. In the aftermath of the US election results, gold was priced at $1896.20 per troy ounce while silver was priced at $23.89 per troy ounce. In the domestic markets in India, gold was priced at Rs.50,820 per 10 gram while silver was priced at Rs.61,389 per one kilogram. Comex gold traded a bit higher near $1,907 per ounce which was a decrease of 0.7% from the previous day. Domestic bullion could possibly trade flat with MCX December gold futures having a decrease to Rs.51,450. There was a downside trend with pricing below Rs.50,900 levels with resistance near Rs.51,050 to Rs.51,280 and support around Rs. 50,700 to Rs.50,450. MCX December silver traded below Rs.62,000 a loss of 2%, resistance around Rs.62,100 to Rs.62,890, and support around Rs.60,500 to Rs.59,400.

      9 November 2020

    • Price of gold gains on weaker US Dollar

      The prices of gold in the Indian commodity market gained momentum on 21 October 2020. It was trading at over Rs.50,000 per 10 grams. This was based on the positive cues that it carried from the international market.

      On Multi Commodity Exchange or MCX, the price of the precious yellow metal was being traded at Rs.60 more than the previous rate wherein it stood at the rate of Rs.50,910 per 10 grams. The rate on 21 October 2020 was Rs.50,970 for 10 grams.

      22 October 2020

    • Yellow metal rallies nearly 1%

      Price of Indian Gold MCX December Futures grew nearly 1% and traded above 50,550 levels. Experts believe that investors can deploy buy on dips strategy as long as Gold is trading above Rs.50,220 per 10 gm.

      On the Multi-Commodity Exchange (MCX), December gold contracts traded higher by 0.82% at Rs.50,588 per 10 gram. December silver futures traded 1.7% higher at Rs.61,560 per kg.

      Gold and silver performed on a mixed note on the global markets on Thursday. Gold was recoreded to be at $1895.10 per troy ounce gaining 0.23% and silver settled at $23.88 per troy ounce falling 0.17%.

      Despite the rupee growing stronger, both gold and silver had a positive impact on the domestic market. The yellow metal settled at 50175 per 10 gram while the white metal settled at 60519 per one kilogram.

      International bullion ended with marginal gains as uncertainty about the U.S. presidential election and bets on fresh stimulus loomed large.

      9 October 2020

    • Slip in gold prices, now at Rs.50,327 per gram, with silver at Rs.1,059

      Gold prices plunged for the third day in a row to $1,900 per ounce globally. In Mumbai, it was Rs.50,327 per 10 grams in the retail market. This was influenced by a delay in the fiscal stimulus and firm dollar in the US as well as increase in coronavirus cases around the world. The dollar index was at an 8-week high. Fears around Europe having a second lockdown also led to prices of gold falling. The price of 22 carat gold for 10 grams was Rs.46,100 plus 3% GST in Mumbai. The price of 10 grams of 24-carat gold was Rs 50,327 notwithstanding GST. The price of 18-carat gold was Rs 37,745 plus GST.

      24 September 2020

    • Gold futures prices on MCX fall in India on 9 September 2020

      Gold prices dropped by 0.4% to Rs.51,140 per 10 grams and silver futures dropped by 0.75% to Rs.67,982 per kg on the Multi Commodity Exchange. Gold prices had increased in the previous session by 0.6% and silver prices had increased by 0.55%.

      In the international market, gold prices were trading flat due to a stronger dollar value in the market which prompted investors to shift towards the equities market. Spot gold was trading at $1,929.30 per ounce and silver was priced at $26.66 per ounce after dipping by 0.2%.

      Gold prices had previously hit all-time highs earlier in August and are down by Rs.5,000 from its highs. Silver prices also had hit close to Rs.80,000 per kg mark earlier in the month and have decreased substantially.

      10 September 2020

    • Gold prices drop for the sixth time in 7 days

      Gold and silver prices have edged lower in the Indian markets today after they posted big gains in the last session. On MCX, the future gold prices for the month of October were down by 0.22% to Rs.51,665 per10 gram for gold.

      The future prices for silver have also decreased by 1% and stands at Rs.66,821 per kg for the month of October. Gold had rebounded in the previous session after breaking a five-day losing streak. The futures for gold had increased by Rs.900 per 10 grams whereas silver had witnessed a surge of Rs.3,500 per kg.

      27 August 2020

    • Gold trades over Rs.55,000

      Gold futures trades for October comfortably above Rs.55,000 per 10 gm and dips towards Rs 54,880 can be used purchase. The next target is Rs.55,350 per 10 gm. Gold and silver rates continue the trend. Gold gained 2.81% and silver gained 13.73% in the international market. On the Multi-Commodity Exchange October gold contracts had been trading higher by 0.4% at Rs 55,025 per 10 gram. September futures for silver had been trading 1% higher at Rs.75,045 per kg. At the MCX, gold rates had gained 1.79% and silver had gained more than 14%. Gold after testing record highs of Rs.56,191 settled at Rs.54,789 and silver almost reached a record highs of Rs.77,949 and settled at Rs.74,160.

      11 August 2020

    • Gold rates record a drop in price; silver follows suite

      The price of gold had dipped in the country due to rangebound trading which resulted in a drop in prices for three consecutive days on 17 June. On the Multi Commodity Exchange, gold futures for August was up by 0.04% at Rs.4,8753 per 10 grams after it fell by 0.75% in the previous session.

      Silver prices on the same day had shown a marginal drop in prices by 0.7% to Rs.52,257 per kg. Gold prices had hit a record high two weeks back but have been fluctuating to a great extent due to various factors.

      In the international market, gold prices showed a flat trend on 17 July and spot rates were also unchanged at $1,797.24 per ounce. With the growing concerns regarding the rise in COVID-19 cases in many countries and the possibility of further lockdowns had boosted gold prices. Moreover, the persisting tensions between China and the United States of America also supported the trend of gold in the market.

      23 July 2020

    • Price of gold dips two times in 4 days

      Gold prices in the country recorded a decline on 11 June with gold futures on the Multi Commodity Exchange showed a dip to Rs.46,570 per 10 grams. This was the second decline in the metal’s prices in 4 days. In the previous session, gold prices had increased by around Rs.500 per 10 grams. Silver prices, on the other hand, increased on the Multi Commodity Exchange. The white metal’s value increased by 0.14% to be priced at Rs.48,165 per kg, declining by 0.11% in its previous session.

      With countries reopening their economy, the risk sentiment has increased which has affected bullion prices and other safe-haven assets. In the domestic market, gold had hit its highest price at Rs.48,000 per 10 grams. In the international market, the trend of gold was flat with investors awaiting the central bank meeting to decide on the measures to be taken in the future. Spot gold was trading at a positive of 0.1% at $1,715.94 per ounce and silver was trading flat at $17.60 per ounce.

      The holdings of SPDR Gold Trust which is the world’s largest gold-backed exchange-traded fund dipped for the fourth day by 0.1% and was at 1,124.60 tonnes.

      11 June 2020

    • Prices of gold increase in India on 22 May 2020 after falling in the previous session

      Gold prices in India increased in India on 22 May 2020 after falling by nearly Rs.700 in the previous session. The risk sentiment was hurt because of the tensions between China and the US.

      Gold futures prices for the month of June on MCX increased by 0.31% and are at Rs.46,350 for 10 grams. Earlier in the month, the prices of the yellow metal hit record highs and were at Rs.47,980 for 10 grams. In the international markets, the prices of gold edged higher. Spot gold prices in the international markets increased by 0.1% and are at $1,728.19 for an ounce. Plans have been announced by China to impose a national security law on Hong Kong. The move has further threatened to increase the tensions between China and the US. As most Asian markets tumbled on 22 May 2020, this has further boosted the safe-haven appeal of the yellow metal. Tensions between China and the US have escalated about the handling of the coronavirus outbreak. This week, gold prices hit its highest since October 2012 and were at $1,764.55 for an ounce. According to a note provided by Kotak Securities, expectations of several measures and global risk factors may see gold witness a choppy trade.

      22 May 2020

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