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.
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.
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.
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
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
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
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.