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Gold Rate in Vijayawada (23rd January 2017)

Vijayawada is among the top cities in Andhra Pradesh and is an important destination to buy and sell gold in the state. Jewellers in the city offer some of the best patters and designs across India.

Today 22 Carat Gold Price Per Gram in Vijayawada (INR)

Gram 22 Carat Gold
Today
22 Carat Gold
Yesterday
Daily Price Change
1 gram ₹ 2,818.80 ₹ 2,818.80 ₹ 0
8 gram ₹ 22,550.40 ₹ 22,550.40 ₹ 0
10 gram ₹ 28,188 ₹ 28,188 ₹ 0
100 gram ₹ 2,81,880 ₹ 2,81,880 ₹ 0

Today 24 Carat Gold Rate Per Gram in Vijayawada (INR)

Gram 24 Carat Gold
Today
24 Carat Gold
Yesterday
Daily Price Change
1 gram ₹ 3,004.50 ₹ 3,004.20 ₹ 0.30
8 gram ₹ 24,036 ₹ 24,033.60 ₹ 2.40
10 gram ₹ 30,045 ₹ 30,042 ₹ 3
100 gram ₹ 3,00,450 ₹ 3,00,420 ₹ 30

Gold Rate in Vijayawada for Last 10 Days (10 g)

Date 22 Carat 24 Carat
Jan 22, 2017 ₹ 28,188 ₹ 30,045
Jan 21, 2017 ₹ 28,188 ₹ 30,042
Jan 20, 2017 ₹ 28,188 ₹ 30,043
Jan 19, 2017 ₹ 28,358 ₹ 30,213
Jan 18, 2017 ₹ 28,356 ₹ 30,213
Jan 17, 2017 ₹ 28,226 ₹ 30,085
Jan 16, 2017 ₹ 0 ₹ 0
Jan 14, 2017 ₹ 27,957 ₹ 29,812
Jan 13, 2017 ₹ 28,036 ₹ 29,892
Jan 12, 2017 ₹ 27,848 ₹ 29,702

Weekly & Monthly Graph of Gold Price in Vijayawada

Historical Price of Gold Rate in Vijayawada

  • Gold Price Movement in Vijayawada, December 2016
  • Gold Rates 22 Carat 24 Carat
    1 st December rate Rs.26,699 Rs.28,599
    31st December rate Rs.27,057 Rs.28,944
    Highest rate in December Rs.27,057 on December 31 Rs.28,944 on December 31
    Lowest rate in December Rs.26,469 on December 23 Rs.28,363 on December 23
    Over all performance Rising Rising
    % Change +1.34% +1.21%
  • Gold Price Movement in Vijayawada, November 2016
  • Gold Price Movement in Vijayawada, October 2016

Where to Buy Gold in Vijayawada?

There are a number of places where you can buy gold jewellery in Vijayawada. For example, the popular Malabar Gold has outlets in the city of Vijayawada. Another home grown place for buying the precious metal in the city is Anjaney Jewellery. This goldsmith has almost three decades of existence in Vijayawada and has carved a good niche for itself with service.

There are also the popular chains in the city like Tanishq, which is located at MG Road and also Khazana Jewellery, which is similarly located at MG Road. There are many others shops that are more localized and have been doing business for many decades now. However, that should not be the only consideration for buy gold. Look at various other aspects before getting into buying gold that includes price and service.

Prices of Gold in Vijayawada

It is imperative that you check live 22 Karat gold rates in Vijayawada, before you venture into buying the same. This is because, you can otherwise end up making losses. Normally, what does also happen is that gold prices do not change in any particular city. However, there could always be some variations.

Another thing to remember when buying 22 karats gold in Vijayawada apart from gold prices is the making charges. Here again the variations could mean a lot. For example, making charges for gold could vary from 5 per cent upwards. Let us assume that you are buying 10 grams gold in Vijayawada. Even if there is a Rs 100 price difference you could end-up losing as much as Rupees.

How to Identify the Gold you are Buying is Real or Fake Gold in Vijayawada?

The first thing you must be looking for while buying gold jewellery is for the markings. The first marking you should be looking for is the hallmark then the purity stamp such as 10K, 14K, 18K, 22K which explains how many karats the gold is. In Vijayawada most of the jewelers sell hallmarked jewellery, but its better to go for a reputed one and to check gold rate in Vijayawada before going to buy. Its better to go for gold coins than jewellery if you are buying gold as an investment. As there is a change of increase of gold price in Vijayawada it is better to buy before the prices are increased.


Where to Invest During Inflation in Vijayawada?

Gold is best weapon to fight inflation. So it is advisable for investors in Vijayawada to invest in gold. As gold has already proved that it is perfect hedge against inflation. As the inflation is increasing year by year around 5-7 %, you can get similar returns from gold. The demand for gold and gold ornaments is also increasing these days, while genuine supply constraints for gold has pushed prices higher. So holding on to gold for a long time will give you great profits. It is not advisable to put all your money in gold its better to go invest a part of it. Even the poltical tensions affects the price of gold in vijayawada. So, if you are an investor of gold in turbulent times you can make money.

Movement of gold rates in Vijayawada

The main reason for movement of gold is movement in international markets, excise duty, import duties exchange rate conversion and etc. and the factor which affects immensely is other countries currency specially US Dollar. As the US dollar goes weaker gold rates in Vijayawada as well as India grows stronger. As of now as the US dollar has grown stronger we can see the decline in price of gold in Vijayawada and India. You can view the complete movement of gold rates in Vijayawada in goodreturns gold price Vijayawada.

How Gold is used in Vijayawada?

There are mainly 4 ways that gold is used in Vijayawada and India they are in jewellery, gold coins or bars, in electronics and aerospace.

In gold, about 78 per cent of gold consumed each year is made into Jewellery and is the most common way that gold reaches a customer. Gold coins or bars are one of the most common ways to hold or invest in gold is in gold coins, gold bars.
Gold is a very efficient conductor that it can carry tiny electrical charges, and because of this property a small amount can be found in almost all electronic devices, including cell phones, televisions, GPS units and more.
In Aerospace Gold is used to coat the insides of space vehicles to protect people inside from infrared radiation, It is also used to lubricate mechanical parts and to conduct electricity.

Great demand for gold in Vijayawada

In 2014, after Andhra and telengana got divided Vijayawada become commercial hub of Andhra pradesh.  There is a great demand of gold in vijayawada specially coins and bars. Even the residents of Vijayawada consider gold as a traditional investment. During festivals such as dusserha and diwali individuals buy gold. zs a traditional investment. Even gold jewellery is preferred as a wedding gift.

 After division and other political situations while the real estate is fluctuating, invetsors start investing in gold more as as a refuge in difficult times. By knowing the fact that such factors dose not effect gold prices as gold rates will not change with such factors.

There are investors who prefer to invest in gold ETF’s as there will be no storage hassle, as the gold will be in electronic form and it will be a safe and easy investment option. By taking such safe moves and by following up gold rates in Vijayawada it will be a good profitable way of investing.

For Investment purposes buying gold physically in form gold coins, gold bars or jewellery is better.


Why gold is alloyed with other metal in Vijayawada?

Pure gold is a very dense and very malleable metal. The gold purest form is too soft metal on its own and for hardening, it must be alloyed with the elements such as copper, silver, nickel, palladium and zinc.
For the better understanding of why gold is alloyed, you can try the following experiment where If you beat a small piece of iron and a piece of gold with a hammer, you'll have to beat it very hard to flatten an iron piece where as for flattening the piece of gold can be done very easily.

Gold is alloyed with Copper and silver which have about half of the density of gold and for beating them into sheets, it needs more force and strength. By which gold becomes stronger and that's the reason goldsmiths and jewellers add silver and copper to gold when making jewellery. The method jeweller or goldsmiths use to alloy gold and copper is they melt both the metals together, which can then be beaten, drawn or twisted into various shapes patterns.
Gold jewellery is measured in karats. purest (99%) gold is 24 karats which are used for making gold biscuits and coins. for making of jewellery 22 carats (91% gold) and 18 carats (75% gold) is used.

Benefits of buying ETF's in Vijayawada

Investors in Vijayawada who invest in gold can go for ETF's than investing in physical form of gold. There are a lot of benefits buying ETF's in Vijayawada here are few.

Gold ETFs provide a possibility to investors to stack away gold over a given period of time. Since Gold ETF's can be purchased in small quantities, one can plan the acquisition as per future requirements.

In gold ETF's there is no risk of theft and one doesn't need to worry about the storage cost as this will be in electronic form. whereas for the physical gold, one ends up paying extra for making and other charges as well, but there are no extra charges applicable for the gold ETFs. One can exchange them in multiples of Kilograms units of 0.995 purity when needed.

For gold coins and bars most jewelers offer only an exchange and not a buyback whereas gold ETFs can be sold across India for transparent prices. Check goldrates in Vijayawada on goodreturns for the accurate price.

In terms of taxation benefits, gold ETFs are way ahead of the physical gold. No sales tax, VAT or securities transaction tax is applicable on gold ETFs.

Question you must ask before buying gold in Vijayawada?

Before buying gold in Vijayawada you must ask the jeweler few very important questions

Is this BIS hallmarked gold?

In India, there are more than 13,000 BIS-hallmarked jewelry showrooms and 300 BIS recognised hallmarking centers, But there so many jewelers who do not sell hallmarked jewelry. In exchange for not BIS mark then will give you they will offer discounts. individuals who get tempted to these will end up in loss. As you will not get the price you bought the gold for or the market price as the jewellery is not hallmarked.

What are the buyback terms?

Check and see did the jeweler is willing to offer you any buy back terms like if you were to return the gold jewellery in future for cash or an exchange it for a more contemporary design.
if there is an exchange and buy-back period and policy and if you are aware of it. This will ensure that you can return or exchange the jewelry. In case you are having any issue.

Bill?

By asking bill you are contributing towards ensured and more transparent gold market in the country. You might have to pay value-added tax and share your PAN details too with the jeweler for a purchase of jewellery more than Rs 50,000. But a bill has every important detail of the purchase which goes a long way towards ensuring transparency and providing you with assurance. Bill is something you can turn to, in case you need to approach a consumer court too.

 

Latest Updates on Vijayawada Gold Rates

Gold rates in Vijayawada

Gold rates in Vijayawada were trading at Rs 26,610 per 10 grams, while 24 karats gold was seen trading at Rs 28,510 per 10 grams. Gold prices have been more or less steady in the city of Vijayawada in the last few days and the trend may continue. If you are looking to buy, you can do so on declines, as this would give you a good opportunity to make money in the long term. Remember, today gold rates in Vijayawada have always generated good returns as compared to any other asset class. So, buy on declines is the great advisable strategy.

22 December 2016

Disclaimer: The gold rates are sourced from local jewellers in the city. There maybe variance in rates and prices. GoodReturns.in has made every effort to ensure accuracy of information provided; however, Greynium Information Technologies Pvt Ltd, its subsidiaries and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell in precious gold. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on gold information provided.

 
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