Today's Gold Rate in Eluru

Gold is a valuable asset that many people in Eluru consider for investment and jewellery purposes. The gold rate in Eluru today can vary based on factors like global market trends, demand, and the purity of gold. Generally, gold is available in different purities, such as 24 Karat (99.9% pure) and 22 Karat (91.6% pure). The price of gold also depends on factors like international gold rates, currency exchange rates, and government policies such as import duties and GST.

 

If you’re checking today’s gold price in Eluru, it’s essential to know the rates for both 22 karat and 24 karat gold. Tracking these rates can help you make informed decisions when buying or investing in gold. Whether for personal use or as a savings option, understanding the gold rate in Eluru today is important for maximising the value of your purchase.

Check out the gold price today in Eluru for different weights below.

Gram	22 Carat Gold Rate Today	22 Carat Gold Rate Yesterday	Daily Price Change
1 Gram	₹9,070	₹9,070	₹0
10 Gram	₹90,700	₹90,700	₹0
100 Gram	₹907,000	₹907,000	₹0

Gold price in Eluru with fluctuations in the last few days, is shown below:

Gold price in Eluru with fluctuations in the last few days, is shown below:

Gold prices in Eluru continued their upward trend in April 2025, showing a moderate increase over the month. Both 22-karat and 24-karat gold witnessed price fluctuations, with the highest and lowest rates recorded between the 1st and 30th of April.

 

Gold Prices on 1st April 2025

• 22-Karat Gold: ₹9,040 per gram
• 24-Karat Gold: ₹9,830 per gram

 

Gold Prices on 30th April 2025

• 22-Karat Gold: ₹9,490 per gram
• 24-Karat Gold: ₹10,320 per gram

 

Highest Gold Price in April 2025

The highest recorded price of gold during the month was on 24th April 2025:

• 22-Karat Gold: ₹9,580 per gram
• 24-Karat Gold: ₹10,410 per gram

 

Lowest Gold Price in April 2025

The lowest recorded price of gold during the month was on 7th April 2025:

• 22-Karat Gold: ₹8,980 per gram
• 24-Karat Gold: ₹9,780 per gram

 

Overall Performance

Gold prices in Eluru showed a +4.98% increase in April 2025.

Gold prices in Eluru continued their upward trend in March 2025, showing a moderate increase over the month. Both 22-karat and 24-karat gold witnessed price fluctuations, with the highest and lowest rates recorded between the 1st and 31th of March.

 

Gold Prices on 1st March 2025

• 22-Karat Gold: ₹8,820 per gram
• 24-Karat Gold: ₹9,610 per gram

 

Gold Prices on 31st March 2025

• 22-Karat Gold: ₹9,040 per gram
• 24-Karat Gold: ₹9,830 per gram

 

Highest Gold Price in March 2025

The highest recorded price of gold during the month was on 22nd March 2025:

• 22-Karat Gold: ₹9,100 per gram
• 24-Karat Gold: ₹9,890 per gram

 

Lowest Gold Price in March 2025

The lowest recorded price of gold during the month was on 5th March 2025:

• 22-Karat Gold: ₹8,780 per gram
• 24-Karat Gold: ₹9,560 per gram

 

Overall Performance

Gold prices in Eluru showed a +2.49% increase in March 2025.

Gold prices in Eluru continued their upward trend in February 2025, showing a moderate increase over the month. Both 22-karat and 24-karat gold witnessed price fluctuations, with the highest and lowest rates recorded between the 1st and 28th of February.

 

Gold Prices on 1st February 2025

• 22-Karat Gold: ₹8,590 per gram
• 24-Karat Gold: ₹9,360 per gram

 

Gold Prices on 28 th February 2025

• 22-Karat Gold: ₹8,820 per gram
• 24-Karat Gold: ₹9,610 per gram

 

Highest Gold Price in February 2025

The highest recorded price of gold during the month was on 15th February 2025:

• 22-Karat Gold: ₹8,860 per gram
• 24-Karat Gold: ₹9,650 per gram

 

Lowest Gold Price in February 2025

The lowest recorded price of gold during the month was on 4th February 2025:

• 22-Karat Gold: ₹8,540 per gram
• 24-Karat Gold: ₹9,320 per gram

 

Overall Performance

Gold prices in Eluru showed a +2.68% increase in February 2025.

Gold prices in Eluru are influenced by multiple factors, both global and domestic. Understanding these factors can help you track price trends and make better buying or investment decisions. Below are the main factors that impact gold rates in the city:

Global Gold Rates

Gold is traded internationally, and its price is influenced by global market trends. Changes in international gold prices due to geopolitical tensions, economic events, or changes in demand and supply directly affect gold prices in Eluru.

Currency Exchange Rates

Gold is priced in US Dollars in the global market. If the value of the Indian Rupee weakens against the Dollar, gold prices in India, including Eluru, tend to rise.

Demand and Supply

Gold prices often increase during festive and wedding seasons when demand for gold jewellery is high. Similarly, a limited supply of gold can push prices upward.

Government Policies and Taxes

Government policies like import duties and the Goods and Services Tax (GST) have a direct impact on gold prices. An increase in import duties or GST could lead to a rise in the price of gold in Eluru.

Inflation

Gold is commonly viewed as protection against inflation. During inflationary periods, people buy gold to safeguard their money's value, leading to higher demand and rising prices.

Interest Rates

Gold has no interest or dividend earnings, so when bank or financial institution interest rates are low, investors often shift their focus to gold, causing its prices to rise.

 

By keeping an eye on these factors, you can understand why the gold rate in Eluru fluctuates and plan your purchases or investments accordingly.

The introduction of the Goods and Services Tax (GST) in India has had a significant impact on the gold market, including in Eluru. GST is a tax levied by the government on the purchase of goods and services, and it has replaced multiple older taxes. Here is how GST affects the gold rate in Eluru:

GST on Gold Purchases

A GST Gold rate of 3% is applied to the value of gold, whether you are buying jewellery, coins, or bars. This tax directly increases the overall cost of purchasing gold in Eluru.

GST on Making Charges

In addition to the 3% on gold, a 5% GST is charged on the making charges of jewellery. Making charges vary between jewellers, so the total price you pay will depend on these charges as well.

Impact on Gold Affordability

GST has made gold slightly more expensive for buyers compared to the pre-GST era, as it adds to the cost beyond the base gold price. This can influence demand, especially during festive and wedding seasons in Eluru.

No GST on Gold Exchange

If you exchange old gold for new gold, GST is only applicable on the making charges of the new jewellery, not on the gold’s value. This provides some relief to buyers looking to upgrade their jewellery.

GST’s Role in Gold Rates

GST is just one component affecting gold prices in Eluru, alongside global gold rates, import duties, and currency exchange rates.

 

In summary, while GST adds to the cost of buying gold, it also ensures transparency in pricing. Buyers in Eluru should factor in GST when planning their gold purchases.

Gold loans are a popular borrowing option in Eluru, as they allow individuals to pledge their gold as collateral to get funds quickly. However, the gold rate in Eluru plays an important role in determining the loan amount and other aspects of gold loans. Below is how gold rates impact gold loans:

Loan Amount Eligibility

The loan amount you can get is directly tied to the current gold rate. Lenders evaluate the pledged gold’s value based on today’s gold rate in Eluru and offer a percentage of its value, called the Loan-to-Value (LTV) ratio. For instance, if the gold rate is high, you may get a higher loan amount for the same weight of gold.

Repayment Burden

While the interest rate for gold loans is not directly linked to the gold price, fluctuations in the gold rate could affect borrowers who may wish to repay early by selling their pledged gold. If gold prices drop, selling gold to repay the loan might not be as favourable.

Auction Risk

If a borrower fails to repay a gold loan, the lender has the right to auction the gold to recover the dues. A lower gold rate at the time of auction could lead to losses for the lender, which is why they set limits on the LTV ratio to safeguard against price fluctuations.

Refinancing Opportunities

When gold prices increase, borrowers in Eluru may have the opportunity to refinance their gold loans by pledging the same gold for a higher loan amount, enabling better financial flexibility.

Demand for Gold Loans

Gold loans are more popular during periods of rising gold prices, as individuals can pledge smaller quantities of gold to get larger loan amounts.

 

In summary, the gold rate in Eluru has a significant impact on gold loans, influencing loan amounts, repayment options, and even lender policies. Borrowers should stay updated on gold prices to make informed borrowing decisions.