Visakhapatnam or Vizag, one of the largest cities in Andhra Pradesh, has a massive coastline throbbing with trades of several commodities, including gold. This port city offers plenty of options for gold investment, with jewellery being the traditional and most preferred manner. Gold prices keep fluctuating daily depending upon local taxes, transportation charges, domestic demand, government policies, etc. Today Gold rate in Visakhapatnam is ₹ 60,000 per 10 grams for 24 Carat and ₹ 55,000 for 22 Carat.
Gram | 24K Gold Price | Daily Price Change |
---|---|---|
1 gram
|
₹ 6,000 | ₹ 0 |
8 grams
|
₹ 48,000 | ₹ 0 |
10 grams
|
₹ 60,000 | ₹ 0 |
100 grams
|
₹ 6,00,000 | ₹ 0 |
Gram | 22K Gold Price | Daily Price Change |
---|---|---|
1 gram
|
₹ 5,500 | ₹ 0 |
8 grams
|
₹ 44,000 | ₹ 0 |
10 grams
|
₹ 55,000 | ₹ 0 |
100 grams
|
₹ 5,50,000 | ₹ 0 |
Date | Pure Gold (24K) | Standard Gold (22K) | % Change |
---|---|---|---|
21 March 2023
|
₹ 60,000 | ₹ 55,000 | +0.36% |
20 March 2023
|
₹ 59,780 | ₹ 54,800 | -0.90% |
19 March 2023
|
₹ 60,320 | ₹ 55,300 | 0% |
18 March 2023
|
₹ 60,320 | ₹ 55,300 | +2.79% |
17 March 2023
|
₹ 58,690 | ₹ 53,800 | +0.47% |
16 March 2023
|
₹ 58,420 | ₹ 53,550 | +0.94% |
15 March 2023
|
₹ 57,870 | ₹ 53,050 | -0.19% |
14 March 2023
|
₹ 57,980 | ₹ 53,150 | +1.33% |
13 March 2023
|
₹ 57,220 | ₹ 52,450 | +0.56% |
12 March 2023
|
₹ 56,890 | ₹ 52,160 | +0.02% |
11 March 2023
|
₹ 56,890 | ₹ 52,150 | +1.46% |
10 March 2023
|
₹ 56,070 | ₹ 51,400 | +0.98% |
09 March 2023
|
₹ 55,530 | ₹ 50,900 | -0.20% |
08 March 2023
|
₹ 55,630 | ₹ 51,000 | -1.26% |
07 March 2023
|
₹ 56,350 | ₹ 51,650 | 0% |
Gold Rates | 22 Carat | 24 Carat |
---|---|---|
1st February rate | ₹ | ₹ 760 |
28th February rate | ₹ | ₹ 692 |
Highest rate in February | ₹ 53,610 on 3rd February 2023 | ₹ 58,480 on 3rd February 2023 |
Lowest rate in February | ₹ 51,350 on 27th February 2023 | ₹ on 1st February 2023 |
Over all performance | Falling | Falling |
% change | -8.95% | -8.95% |
Gold Rates | 22 Carat | 24 Carat |
---|---|---|
1st January rate | ₹ | ₹ 743 |
31st January rate | ₹ | ₹ 745 |
Highest rate in January | ₹ 53,100 on 26th January 2023 | ₹ 57,930 on 26th January 2023 |
Lowest rate in January | ₹ 50,450 on 2nd January 2023 | ₹ on 2nd January 2023 |
Over all performance | Rising | Rising |
% change | +0.27% | +0.27% |
Gold Rates | 22 Carat | 24 Carat |
---|---|---|
1st December rate | ₹ | ₹ 698 |
31st December rate | ₹ | ₹ 743 |
Highest rate in December | ₹ 50,600 on 31st December 2022 | ₹ 55,200 on 31st December 2022 |
Lowest rate in December | ₹ 48,550 on 1st December 2022 | ₹ on 9th December 2022 |
Over all performance | Rising | Rising |
% change | +6.45% | +6.45% |
Further, gold investments in Vishakhapatnam are quite easy. The city is dotted with small shops as well as lavish showrooms dealing in this precious metal.
It remains a popular investment in this South Indian city primarily because of the financial security it brings to the table. Further, it dramatically diversifies the portfolio and ensures risk-adjusted returns.
However, Vishakhapatnam hasn’t restricted its gold investments to just commodities. The city is growing a strong inclination to digital gold as well. Many here are resorting to investing in gold in the form of exchange funds, futures, or bonds.
Nevertheless, the prices keep fluctuating daily depending upon local taxes, transportation charges, domestic demand, government policies, rupee-dollar correlation, festive calendar, investment trends, and Central Bank policies.
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