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Gold Rate In Vijayawada Today

Vijayawada, one of the main cities in Andhra Pradesh, is a significant destination to purchase and sell gold in the region. This city, which has a particular interest in gold, is one of the most culturally active places in the nation. Many talented craftspeople live in this ancient region, and they display to the world a range of distinctive patterns and motifs on gold ornaments, notably temple jewellery. Local taxes, shipping costs, domestic demand, governmental regulations, etc. all affect gold prices in this region.

Today Gold Price in Major Indian Cities

City22 Carat Gold Price Today24 Carat Gold Price Today
Vizianagaram ₹57,600₹62,840
Kurnool ₹57,600₹62,840
Kakinada ₹57,600₹62,840
Proddatur ₹57,600₹62,840
Nellore ₹57,600₹62,840
Visakhapatnam ₹57,600₹62,840
Vijayawada ₹57,600₹62,840
Ranchi ₹57,650₹62,890
Patna ₹57,650₹62,890
Kolhapur ₹57,600₹62,840
Nanded ₹57,600₹62,840
Ahmednagar ₹57,600₹62,840
Latur ₹57,600₹62,840
Amravati ₹57,600₹62,840
Solapur ₹57,600₹62,840
Jalgaon ₹57,600₹62,840
Thane ₹57,600₹62,840
Nashik ₹57,630₹62,870
Nagpur ₹57,600₹62,840
Pune ₹57,600₹62,840
Varanasi ₹57,750₹63,000
Ghaziabad ₹57,750₹63,000
Jhansi ₹57,750₹63,000
Gorakhpur ₹57,750₹63,000
Allahabad ₹57,750₹63,000
Meerut ₹57,750₹63,000
Raipur ₹57,750₹63,000
Lucknow ₹57,750₹63,000
Rourkela ₹57,600₹62,840
Berhampur ₹57,600₹62,840
Cuttack ₹57,600₹62,840
Kolkata ₹57,600₹62,840
Kozhikode ₹57,600₹62,840
Thrissur ₹57,600₹62,840
Kochi ₹57,600₹62,840
Udaipur ₹57,750₹63,000
Jodhpur ₹57,750₹63,000
Jaipur ₹57,750₹63,000
Khammam ₹57,600₹62,840
Nizamabad ₹57,600₹62,840
Karimnagar ₹57,600₹62,840
Hyderabad ₹57,600₹62,840
Ambala ₹57,750₹63,000
Faridabad ₹57,750₹63,000
Gurgaon ₹57,750₹63,000
Delhi ₹57,750₹63,000
Shimla ₹57,750₹63,000
Jammu ₹57,750₹63,000
Amritsar ₹57,750₹63,000
Ludhiana ₹57,750₹63,000
Chandigarh ₹57,750₹63,000
Bhubaneswar ₹57,600₹62,840
Karur ₹57,600₹62,840
Shimoga ₹57,600₹62,840
Kumbakonam ₹57,600₹62,840
Hosur ₹57,600₹62,840
Udupi ₹57,600₹62,840
Gulbarga ₹57,600₹62,840
Belgaum ₹57,600₹62,840
Nagercoil ₹57,600₹62,840
Erode ₹57,600₹62,840
Mangalore ₹57,600₹62,840
Salem ₹57,600₹62,840
Mysore ₹57,600₹62,840
Madurai ₹58,150₹63,440
Coimbatore ₹58,150₹63,440
Chennai ₹58,150₹63,440
Bangalore ₹57,600₹62,840
Amritsar ₹57,750₹63,000
Ratlam ₹57,650₹62,890
Jabalpur ₹57,650₹62,890
Surat ₹57,650₹62,890
Bhopal ₹57,650₹62,890
Indore ₹57,650₹62,890
Ahmedabad ₹57,650₹62,890
13-Apr-2024
Gold Price in Vijayawada
₹62,840/10g
Check Price in India
Day22 Carat24 CaratChange
Today₹57,600₹62,8400.0%
Yesterday₹57,600₹62,8400.0%
Above Price as per 10 gm
gold_img
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Today 22 Carat Gold Rate in Vijayawada

Day1 gram8 gram10 gram100 gramChange
Today Price₹5,760₹46,080₹57,600₹5,76,0000.0%
Yesterday Price₹5,760₹46,080₹57,600₹5,76,0000.0%

Today 24 Carat Gold Rate in Vijayawada

Day1 gram8 gram10 gram100 gramChange
Today Price₹6,284₹50,272₹62,840₹6,28,4000.0%
Yesterday Price₹6,284₹50,272₹62,840₹6,28,4000.0%

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Places To Buy Gold In Vijayawada

In Vijayawada, there are numerous locations where you may get gold jewellery -

Malabar Gold: For instance, Vijayawada is home to stores for the well-known Malabar Gold brand.
Anjaney Jewellery: Anjaney Jewellery is another locally owned location in the city where one can purchase precious metal. In Vijayawada, this goldsmith has been in business for almost three decades and has built a solid name via quality work.
Jewellery Chains: There are also well-known chains in the city, such as Khazana Jewellery and Tanishq, both of which have locations on MG Road.
NBFCs: Another way to purchase gold in the city is through NBFCs like IIFL Gold Loan, Muthoot Finance Gold Loans, etc.

Historical Gold Rates in Vijayawada

MonthsLowest Price (24 Carat) Gold rate/ 10gramHighest Price (24 Carat) Gold rate/ 10gram
Jul,2023₹60,480₹60,480
Feb,2024₹55,910₹63,820

Gold As An Investment

Gold is the most often used precious metal as an investment out of all the others. In general, investors purchase gold to diversify their risk, particularly when using derivatives and futures contracts. Like other markets, the gold market is prone to speculation and volatility. Gold has shown to be the most reliable safe haven across a number of nations when compared to other precious metals used as investments. Following are the reasons why one should invest in gold:

It Can Protect Against Inflation Risks: Understanding inflation is important when it comes to investing since it may kill your money over time. Having some money in gold can significantly lower your risk because it has been seen that gold has outpaced inflation over time.
A Good Way To Save Money For The Future: Saving money for the future becomes crucial when you receive a regular paycheck. The easiest action you can take in this respect is to make an investment in actual gold. This will protect your funds for the future, and you'll be able to earn significant returns over time. The best course of action is to purchase gold coins offered by banks as they are guaranteed to be of high quality.
Easy To Buy And Sell In The Market: Keep in mind that there is always a need for gold, therefore you don't need to worry about selling your gold holdings. When you sell them on the market through the neighbourhood jewellers or dealers, you will receive quick cash. You may even put them up as collateral when applying for loans from different financial organisations if you don't want to sell them.
No Maintenance Required: The nicest thing about investing in gold is that you don't have to worry about maintaining it and you may store it safely for hundreds of years. Imagine that after spending money on a property, you have to keep it in good condition. If your job keeps you busy, this can be quite exhausting. On the other hand, you can purchase gold without risk and store it in your locker for many years without any upkeep.
Does Not Depreciate With Time: This investment won't lose value over time like other assets like real estate. It won't lose value because of its age, and even antique gold decorations will sell for the same amount as brand-new gold ornaments. In modern culture, this metal is also regarded as a status symbol, and you will be able to obtain high liquidity in the future.

Things To Remember While Buying Gold In Vijayawada

Following things should always be kept in mind while buying gold in the city of Vijayawada:

Know The Purity: The karat weight of gold may be used to gauge its purity. A 24kt gold item is thought to be 99.9% pure, and the purity decreases when you choose 22kt, 18kt, 14kt, etc. A huge NO is investing in gold jewellery without checking. It is advised to get hallmarked jewellery because it is another approach to denote purity.
Price: The purity, the type of alloy it is combined with, and the amount of labour that went into creating the item all contribute to how much the jewellery costs. Prior to making an investment, it is a good idea to check pricing, but it is also wise to purchase from a reputable jeweller or well-known brands.
Colour: Gold may come in different shades. Although mixing pure gold with other metals will produce a different colour, yellow gold is the most popular in our nation. However, if you like variety, there are also different colours available, such as white and rose gold.
Weight: Prior to making a purchase, it is crucial to verify the weight of the actual gold that you are purchasing. Due to the fact that additional utilised stones may increase the weight and increase the price.
Jewellery with a Hallmark: For the majority of us, investing in gold jewellery could be a huge choice because it costs a lot of money. It is very advised to buy hallmarked jewellery. It serves as a sign of both purity and a secure investment.

Factors Which Affect The Price Of Gold In Vijayawada

Following are the factors which affect the price of gold in the city of Vijayawada:

  • Government Gold Reserves: Central banks hold the gold and foreign exchange reserves of the majority of significant nations. Two excellent instances of this are the Reserve Bank of India and the US Federal Reserve. The price of gold rises as central banks of major nations begin to accumulate gold reserves and buy more gold.
  • Jewellery Market: Indians like their gold jewellery, whether it's for celebrations or birthdays. Gold prices rise due to increasing consumer demand throughout the wedding season and also during holidays like Diwali. Prices rise as a result of the supply and demand imbalance. Gold is in demand for more than simply jewellery purposes.
  • Interest Rate Trends: In general, the current price of gold is a true indicator of a nation's interest rate developments. Demand for gold is closely correlated with interest rates on financial goods and services. Customers frequently sell gold to obtain money when interest rates increase, which results in an increase in the supply of the metal and a decrease in its price.
  • Inflation: Gold has a substantial value and is used to lower inflation due to its essentially constant nature in comparison to money. This is the reason why investors like holding gold over money. As a result, the demand for gold rises during periods of high inflation and vice versa.
  • Global Events: Any changes in the price of the yellow metal on a worldwide scale have an impact on the price of gold in India. This is mostly owing to the fact that India is one of the top gold importers, and as a result, when import prices vary as a result of movements in the price of gold across the world, the same is subsequently reflected in domestic gold prices.

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FAQ About Gold Rate In Vijayawada Today

  • How to Check the Purity of Gold in Vijayawada?

    The laboratory where your gold jewellery is assessed to check its purity is also required to put their logo on the jewellery. Only licensed laboratories of BIS can check the purity of gold. One can check if the hallmarking centre is licensed by BIS or not on their website.

  • What is the Difference Between 22 karats and 24 karats Gold?

    The jewellery made out of 22k gold is more durable as compared to that made out of 24k gold, this is because of the presence of other metals in it. 24k gold is brilliant in colour but won't be durable for making jewellery. It is too soft to resist wear and tear.

  • How Do You Double-Check Your BIS-Hallmark in Vijayawada?

    The third sign of hallmarked gold jewellery is a six-digit alphanumeric code embossed on the product. This code, also called Hallmark Unique Identification (HUID) number is unique for every jewellery piece. Customers can verify this alphanumeric code on the BIS Care App.

  • How to Check for the Hallmarked 916 22 Karats Gold in Vijayawada?

    Most of the shops in Vijayawada offer hallmarked jewellery. You can simply find the BIS Hallmark on the back of the jewellery.

  • Do I need to pay tax on bringing gold into Vijayawada from abroad?

    According to norms, an Indian who has been living abroad for over six months can bring in a kg of gold legally after payment of duty. The duty, which is charged at the rate of 10 per cent, is payable in currency of the nation where the gold was bought.

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