Today's Gold Rate in Vizianagaram

The gold rate in Vizianagaram changes daily based on several factors like global demand, currency exchange rates, and local market trends. Gold is a preferred choice for investment and jewellery in Vizianagaram, making it important to stay updated with today’s gold rate.

 

Gold is available in different purities, such as 24 Karat and 22 Karat. The 24 Karat gold is considered the purest, but 22 Karat is commonly used for making ornaments. Prices for both are usually higher than lower.

Check out the gold price today in Vizianagaram 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 Vizianagaram with fluctuations in the last few days, is shown below:

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

Gold prices in Vizianagaram 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: ₹9,060 per gram
• 24-Karat Gold: ₹9,850 per gram

 

Gold Prices on 30th April 2025

• 22-Karat Gold: ₹9,510 per gram
• 24-Karat Gold: ₹10,350 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: ₹9,600 per gram
• 24-Karat Gold: ₹10,440 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: ₹9,000 per gram
• 24-Karat Gold: ₹9,800 per gram

 

Overall Performance

Gold prices in Vizianagaram showed a +4.97% increase in April 2025.

Gold prices in Vizianagaram 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: ₹8,840 per gram
• 24-Karat Gold: ₹9,630 per gram

 

Gold Prices on 31st March 2025

• 22-Karat Gold: ₹9,060 per gram
• 24-Karat Gold: ₹9,850 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: ₹9,120 per gram
• 24-Karat Gold: ₹9,910 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: ₹8,800 per gram
• 24-Karat Gold: ₹9,580 per gram

 

Overall Performance

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

Gold prices in Vizianagaram 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: ₹8,610 per gram
• 24-Karat Gold: ₹9,380 per gram

 

Gold Prices on 28 th February 2025

• 22-Karat Gold: ₹8,840 per gram
• 24-Karat Gold: ₹9,630 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: ₹8,880 per gram
• 24-Karat Gold: ₹9,670 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: ₹8,560 per gram
• 24-Karat Gold: ₹9,340 per gram

 

Overall Performance

Gold prices in Vizianagaram showed a +2.66% increase in February 2025.

Gold prices in Vizianagaram are influenced by a variety of factors that originate both locally and globally. Understanding these factors can help buyers make informed decisions before purchasing gold:

Global Market Trends

Gold is traded globally, and international demand and supply impact local prices. For instance, during global economic uncertainty, gold demand rises as it is considered a reliable asset, pushing prices higher.

Currency Exchange Rates

Gold is traded in US dollars in the international market. A weaker Indian Rupee against the US Dollar can increase the cost of importing gold, leading to higher prices in Vizianagaram.

Inflation

Gold is often seen as a hedge against inflation. When inflation rises, people tend to invest in gold to protect their wealth, which increases its demand and price.

Local Demand and Festive Seasons

In Vizianagaram, the demand for gold increases during festivals like Akshaya Tritiya and Dussehra, as well as during weddings. This seasonal demand can cause a temporary rise in gold prices.

Government Policies and Taxes

Import duties, GST, and other government regulations affect the cost of gold. For example, higher import duties make gold more expensive for buyers.

Interest Rates

When bank interest rates are low, gold becomes a more attractive investment, increasing its demand and price. Conversely, higher interest rates can lower gold demand.

 

By understanding these factors, buyers can plan their purchases better and stay updated with today’s gold rate in Vizianagaram to get the best value.

The introduction of the Goods and Services Tax (GST) in India has had a direct impact on gold prices across the country, including Vizianagaram. GST has replaced earlier taxes, streamlining the tax structure but increasing the overall cost of gold purchases. Here’s how GST influences gold rates in Vizianagaram:

GST on Gold Purchase

A 3% GST is levied on the value of gold when purchasing it in Vizianagaram. This tax is added to the base gold price and increases the final amount a buyer pays.

GST on Making Charges

In addition to the gold price, a 5% GST is charged on making charges (the fee for crafting gold jewellery). This adds to the overall cost, especially for intricate designs that have higher making charges.

Impact on Gold Investment

GST has made buying physical gold slightly more expensive compared to earlier tax structures. However, investment options like Sovereign Gold Bonds or Gold ETFs are exempt from GST, offering a cost-effective alternative for investors.

Effect on Resale Value

GST paid during purchase is not recoverable when reselling gold. As a result, buyers should carefully consider the gold rate today in Vizianagaram and other costs before making a purchase.

Encouragement for Digital Gold

Due to the higher costs associated with physical gold, many buyers in Vizianagaram are opting for digital gold or bonds, which eliminate GST on storage and making charges.

 

In summary, GST has increased the overall cost of buying gold but has also encouraged buyers to explore alternative investment options. Always check the current gold rate in Vizianagaram to plan your purchase effectively.

Gold loans are a popular way to borrow money in Vizianagaram, as they allow individuals to use their gold jewellery or coins as collateral. The value of gold plays an important role in determining how much a borrower can get through a gold loan. Here's how gold rates affect gold loans in Vizianagaram:

Loan Amount Depends on Gold Rates

The loan amount offered is based on the value of the gold you pledge. When gold prices are high, borrowers in Vizianagaram may get a higher loan amount for the same quantity of gold. Conversely, if gold rates drop, the loan value reduces.

Loan-to-Value (LTV) Ratio

The Reserve Bank of India (RBI) allows lenders to offer up to 75% of the gold’s market value as a loan. For example, if the gold price today in Vizianagaram is ₹5,000 per gram, you can get up to ₹3,750 per gram as a loan.

Repayment and Interest Rates

While gold rates do not directly affect interest rates, a decline in gold prices could lead to stricter repayment terms, as lenders want to minimise their risk of loss.

Impact of Falling Gold Prices

If gold prices drop significantly after you take a loan, lenders may ask you to provide additional gold as collateral or repay part of the loan to maintain the LTV ratio. This ensures the lender’s risk remains under control.

Favourable for Borrowers During Price Rises

When gold rates rise, borrowers benefit as the same gold fetches a higher loan amount. Borrowers in Vizianagaram could use high gold prices as an opportunity to borrow more funds when needed.

 

In conclusion, fluctuations in gold rates have a direct impact on gold loans in Vizianagaram. It’s crucial to stay updated with today’s gold rate in Vizianagaram to plan gold loans wisely and avoid risks.