close btn

Service Update- (Covid-19)

In accordance with the respective state government’s directive, we’ve resumed operations in all the cities. However, a few services will remain affected while others will continue as usual. To read about the services or moratorium updates, Click here

Gold Price in Vijayawada today -
last updated on

Vijayawada

Vijaywada, the city regarded as the educational and the commercial capital of Andhra Pradesh is flanked by Krishna river on one side and the Eastern Ghats on the other. It is proudly referred to as the ‘Global City of the Future’. Constructions, hospitality, cement, education, petroleum, entertainment and transport are some of the prominent, revenue-generating industries. Gold business is also another flourishing market as people here throng the retailers to buy gold jewellery for wedding purposes as well as gold biscuits and coins to invest their money. Gold rate in Visakhapatnam depends on this demand and several other factors. Vijaywada witnesses a huge influx of tourists everywhere due to its scintillating landscape. Victoria Jubilee Museum, Bhavani Island, Undavalli Caves, Kondapalli Fort, Mogalarajapuram Caves, and Rajiv Gandhi Park are most visited places by tourists.

Gold Price in Major Cities

City Gold Price Change

Gold Prices in Vijayawada for different purity

Purity
Gold price 1 gram Gold price 10 gram

Gold Prices in Vijayawada for last 7 days

Date Gold price 1 gram Gold price 10 gram

How is gold rate determined?

There are many micro and macroeconomic factors that determine the gold rates in India. Some of the factors that influence that gold rates are: gold production, inflation, government’s gold reserves, demand and supply of the gold commodity in the market, import rates, interest rates, taxes, local demand, etc. Since an unprecedented emergency is likely to arise at any moment, being a resident here, it is good to have an eye on the latest gold rates in cityname. The market price of the gold and the gold valuation offered by the lender is likely to vary. The lender calculates the average gold price of 22-Karat gold according to the rates from the past thirty dates. This is how the lender concludes on the gold gram rate. The value of the gold loan that you get is dependent on two factors – the average gold price and the lender’s LTV (loan to value) ratio. The RBI has also directed the lender to disburse up to 90% of the market value of the gold till March 31, 2021.

How to calculate old gold jewellery price?

Gold has always been one of the most significant investment options for Indians. The high liquidity of gold and its consistent value makes it a popular option for investment purposes. It also acts as a hedge against fluctuations in the market. Gold can either be pledged in the form of a gold loan or it can be sold to meet urgent financial deficits. It pays to be aware of the value of gold to prevent unscrupulous activities by the lenders or jewelers. It is not very complicated to calculate the value of the gold. The weight and the purity of the gold will have to be tested at an assaying laboratory. There are two methods to calculate the purity of the gold. It can be denoted in percentage or in karat.

  1. Karat method: By multiplying the gold’s weight, purity, and gold rate, and then dividing it by 24, you can arrive at the purity of the gold by the karat method.
  1. Percentage method: By multiplying the gold’s weight, purity, and gold rate, and then by dividing it by 100, you can arrive at the value of the gold in terms of the percentage.

KDM vs Hallmark gold - What's the difference?

When it comes to buying gold for jewellery or investment purposes, people often get confused about the purity and quality of the gold. The two most commonly confused types of gold are KDM gold and hallmark gold. KDM gold refers to the gold that is made by mixing cadmium with gold, where gold is 92% and cadmium 8%. This brings down the gold's purity level to 92%. However, of late, the production of KDM gold has stopped, due to the associated health risks. Hallmark gold is gold certified by the Bureau of Indian Standards. The test is conducted at the assaying centres approved by the BIS. Hallmark gold is available in four varieties:

  1. a) 23 Karat
  2. b) 22 Karat
  3. c) 21 Karat
  4. d) 18 Karat. 

Higher the carat, better the purity. Hence, depending on how you plan to use the gold, you may select the carat.

Benefits of investing in gold

In its history of more than 3000 years, never has the value of gold dipped below zero. It has always remained a valuable commodity in the face of the Earth. Gold is a nice option to invest your funds in. Its value not only has remained relatively consistent throughout history, but the demand for it has also been steadily rising. If you are looking to get high returns on your investments, gold is the answer. People also move towards gold whenever recessions occur. In that case, it functions as a hedge against the fluctuations in the market. It is one of the most liquid assets in the world. It can be sold or placed as collateral to obtain funds in return. It is also very storage-friendly. Unlike dealing in the stock market, dealing in gold or identifying its value or quality doesn’t require much skill or expertise as the purity of the gold is also always certified by the seller.

Gold Price Calculator

Dummy image
gold img
Apply for Gold Loan 30 Minutes Doorstep Service
close
+91
Please enter valid Mobile Number
close
success img

Loan Request Successful

Your request has been received, our customer relationship manager has been notified and will call you shortly

Vijayawada
Andhra Pradesh
city
[{"state":"Madhya Pradesh","city":"Gwalior"},{"state":"Andhra Pradesh","city":"Visakhapatnam"},{"state":"Tamil Nadu","city":"Madurai"},{"state":"Andhra Pradesh","city":"East Godavari"}]