Check today's gold rate in Vizag to make an informed decision, whether you are looking to make a purchase or secure a gold loan.
Gold is available in different purities, such as 24 karats, 22 karats, and 18 karats, with prices varying for each purity level. Gold rates in India, including Vizag, fluctuate due to various factors. To make an informed purchase and get the best value, it is important to check the current gold prices before buying.
Gold prices in Vizag 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: ₹8,900 per gram
- 24-Karat Gold: ₹9,710 per gram
Gold Prices on 30th April 2025
- 22-Karat Gold: ₹9,330 per gram
- 24-Karat Gold: ₹10,190 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: ₹9,440 per gram
- 24-Karat Gold: ₹10,300 per gram
Lowest Gold Price in April 2025
The lowest recorded price of gold during the month was on 5th April 2025:
- 22-Karat Gold: ₹8,840 per gram
- 24-Karat Gold: ₹9,650 per gram
Overall Performance
Gold prices in Vizag showed a +4.83% increase in April 2025.
Gold prices in Vizag 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: ₹8,500 per gram
- 24-Karat Gold: ₹9,260 per gram
Gold Prices on 31st March 2025
- 22-Karat Gold: ₹8,890 per gram
- 24-Karat Gold: ₹9,700 per gram
Highest Gold Price in March 2025
The highest recorded price of gold during the month was on 29th March 2025:
- 22-Karat Gold: ₹8,990 per gram
- 24-Karat Gold: ₹9,800 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: ₹8,470 per gram
- 24-Karat Gold: ₹9,230 per gram
Overall Performance
Gold prices in Vizag showed a +4.58% increase in March 2025.
Gold prices in Vizag 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: ₹8,230 per gram
- 24-Karat Gold: ₹8,980 per gram
Gold Prices on 28 th February 2025
- 22-Karat Gold: ₹8,510 per gram
- 24-Karat Gold: ₹9,270 per gram
Highest Gold Price in February 2025
The highest recorded price of gold during the month was on 25th February 2025:
- 22-Karat Gold: ₹8,640 per gram
- 24-Karat Gold: ₹9,400 per gram
Lowest Gold Price in February 2025
The lowest recorded price of gold during the month was on 6th February 2025:
- 22-Karat Gold: ₹8,170 per gram
- 24-Karat Gold: ₹8,910 per gram
Overall Performance
Gold prices in Vizag showed a +3.40% increase in February 2025.
Several national and global factors contribute to the fluctuation in today's gold rate for different purities. Some of these factors are listed below in brief:
Currency Value Changes
Frequent fluctuations in currency values against fixed variables cause gold rates to change. For example, the Indian currency’s value fluctuates against the U.S. Dollar, leading to changes in gold prices in India. A stronger USD value leads to gold getting expensive in India, and vice versa.
Demand and Supply
During celebrations and the festive and wedding seasons in India, the demand for gold jewellery and ornaments rises. This increased demand drives up the price of gold.
Inflation
As economic conditions change, investors adjust their investment decisions. Since gold retains its value during gold, its demand increases. When the demand goes up, the prices also go up.
Government Regulations
Changes in regulations related to imports or taxes affect the overall gold prices in the country. For example, any restrictions in the imports lead to increased demand, which drives the prices of the asset.
GST stands for Goods and Services Tax, which is imposed on the sale of all types of goods in India. According to the current GST regulations, a 3% GST is levied on the sale of gold, while a 5% GST applies to the making charges of gold items.
It is important to calculate the final price, including GST, before buying gold. This is because the tax is added to the final cost of your purchase.
Gold loans can be a crucial option when you need emergency funds. For a gold loan, items like jewellery or ornaments serve as collateral, allowing you to access funds immediately.
The loan amount you can borrow is determined by the current price of gold, rather than the price at the time of purchasing. The higher the current gold rate, the higher the amount you qualify for.
If you wish to obtain a gold loan, regularly monitor the prices to ensure you get the best value for your collateral. At Bajaj Markets, securing a gold loan is effortless and swift. Compare offers from various lenders with ease, and complete your application digitally in minutes – requiring little to no paperwork.
Frequently Asked Questions
What factors affect gold rates in Vizag?
Gold rates in Vizag are influenced by several global and national factors, including inflation, currency fluctuations, global gold prices, government regulations, and supply and demand dynamics.
What is the difference between a 22-karat gold bar and a 24-karat gold bar?
24-karat gold is the purest form of gold, containing 99.9% pure gold. In contrast, 22-karat gold is 91.67% pure, with the remainder made up of other metals. As a result, 24-karat gold is purer, and its cost is generally higher than that of 22-karat gold.
How can I check whether the gold that I have purchased is real?
To verify the authenticity of your gold, you can perform several tests. Look for a Hallmark indicating purity, or use methods such as an acid test, density test, or magnet test.
Why does gold price vary from place to place?
Gold prices vary from place to place due to several factors, including local market conditions, international influences, and regional regulations. Additionally, demand and supply dynamics in each state play a significant role in determining gold prices.
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