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In Visakhapatnam, the significance of gold extends beyond its economic value, affecting various aspects of life. Beyond being a precious metal for investment and adornment, gold symbolises cultural heritage and traditions. It plays a vital role in weddings, festivals, and religious ceremonies, holding sentimental value within families. Tracking gold rates in Visakhapatnam becomes a financial consideration that presents you with an opportunity to acquire more of this asset at beneficial terms.

Gold Price in Visakhapatnam

The following table provides insights into the latest gold rates in Visakhapatnam

Weight

24 Karat Gold Rate Today

24 Karat Gold Rate Yesterday

Price Difference

1 g

₹6,284

₹6,295

- ₹11

10 g

₹62,840

₹62,950

- ₹110

100 g

₹6,28,400

₹6,29,500

- ₹1,100

*Disclaimer: The aforementioned rates are subject to change as per market conditions.

22 & 24 Karat Gold Rate in Visakhapatnam in the Last 10 Days

Let us look at the changes in Visakhapatnam’s gold rate over the last few days:

Date

Standard 22 Karat Gold

Pure 24 Karat Gold

1 g

10 g

1 g

10 g

Feb 26, 2024

₹5,760

₹57,600

₹6,284

₹62,840

Feb 25, 2024

₹5,770

₹57,700

₹6,295

₹62,950

Feb 24, 2024

₹5,770

₹57,700

₹6,295

₹62,950

Feb 23, 2024

₹5,750

₹57,500

₹6,273

₹62,730

Feb 22, 2024

₹5,750

₹57,750

₹6,273

₹62,730

Feb 21, 2024

₹5,760

₹57,600

₹6,284

₹62,840

Feb 20, 2024

₹5,735

₹57,350

₹6,256

₹62,560

Feb 19, 2024

₹5,745

₹57,450

₹6,267

₹62,670

Feb 18, 2024

₹5,720

₹57,200

₹6,240

₹62,400

Feb 17, 2024

₹5,720

₹57,200

₹6,240

₹62,400

*Disclaimer: The rates are subject to change as per market conditions.

Points to Remember When Buying Gold in Visakhapatnam

Here are some important things to keep in mind when looking to purchase gold in this city:

  • Keep track of the latest gold prices in Visakhapatnam

  • Take into account any making charges associated with your purchase

  • Familiarise yourself with gold purity levels, measured in karats

  • Ensure that the gold has a BIS (Bureau of Indian Standards) hallmark that signifies authenticity

  • Authenticate the credibility and credentials of the seller

  • Request for a physical invoice of the purchase which consists of all details of the gold and seller

  • Check the accuracy of the purchased gold's weight

Gold Investment in Visakhapatnam

Listed below are some avenues through which you can make gold investments in Visakhapatnam:

  • Purchase of jewellery, coins, and bars

  • Gold futures and options

  • Gold ETFs

  • Gold mutual funds

  • Sovereign gold bonds

FAQs

What factors influence gold rates in Visakhapatnam?

Here are some factors that can have an impact on the price of gold in the city:

  • Supply and demand dynamics

  • National policies

  • Inflation and recession

  • Geo-political events

  • Currency exchange rates

  • Market speculation

  • Economic indicators

How can I check the purity of the gold I purchase in Visakhapatnam?

If the purchased gold has a BIS hallmark and comes with a certificate of authenticity, then you can be assured of the purchased gold’s authenticity. You can further use magnet tests, acid tests, skin tests, machine tests, ceramic tests, and more to verify the purity of the gold purchased.

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