Gold Rate/Price in Visakhapatnam Today
Gold Buying Price Today Visakhapatnam - Find Visakhapatnam Gold Selling and Buying Price Today include 1gm gold rate, 8gram gold rate, 22 carat gold and 24 carat gold at liccalculatorpremium.com.
| Date | Standard Gold (22 K) |
Pure Gold (24 K) |
||
1 gram |
8 grams |
1 gram |
8 grams |
|
| 14 Apr 2018 | ₹ 2,970 |
₹ 23,760 |
₹ 3,119 |
₹ 24,952 |
| 13 Apr 2018 | ₹ 2,958 |
₹ 23,664 |
₹ 3,106 |
₹ 24,848 |
| 12 Apr 2018 | ₹ 2,980 |
₹ 23,840 |
₹ 3,129 |
₹ 25,032 |
| 11 Apr 2018 | ₹ 2,951 |
₹ 23,608 |
₹ 3,099 |
₹ 24,792 |
| 10 Apr 2018 | ₹ 2,927 |
₹ 23,416 |
₹ 3,073 |
₹ 24,584 |
| 09 Apr 2018 | ₹ 2,926 |
₹ 23,408 |
₹ 3,072 |
₹ 24,576 |
| 08 Apr 2018 | ₹ 2,929 |
₹ 23,432 |
₹ 3,075 |
₹ 24,600 |
| 07 Apr 2018 | ₹ 2,929 |
₹ 23,432 |
₹ 3,075 |
₹ 24,600 |
| 06 Apr 2018 | ₹ 2,918 |
₹ 23,344 |
₹ 3,064 |
₹ 24,512 |
| 05 Apr 2018 | ₹ 2,920 |
₹ 23,360 |
₹ 3,066 |
₹ 24,528 |
*Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.
Residents of Visakhapatnam mostly view the yellow precious metal as a traditional form of investment. Gold rates in Visakhapatnam are subject to various developments in India and across the world. Gold prices in Visakhapatnam are, however, also dependent on the local taxes and transportation charges in addition to various additional costs charged by jewelry stores across the city.
Gold in Vizag is mostly bought during the wedding season, festivals such as Diwali and auspicious occasions such as Akshaya Tritiya which witnesses maximum rush with customers making a beeline at jewelry stores across the city to avail of the attractive discounts. Gold in Visakhapatnam is bought in the form of intricate wedding jewelry, gold coins and bars. Traditionally, South India has been the largest consumer of gold with prominent jewelry chains dotting across the region. There are over 300,000 jewelers across India including small businesses.
Gold as an Investment in Visakhapatnam
Jewelry - Jewelry in Vizag forms the major component of the overall demand for gold in the city owing to the tradition of buying the yellow metal during auspicious occasions. Most consider gold a safe investment. India's gold jewelry demand increased by 8 percent despite stricter import rules (some rules were done away with during the latter part of 2014).
Coin - According to experts, gold coins have lesser premium and can be redeemed at the market price during selling. Many investors buy gold coins from reputed jeweler owing to no risk of impurity. While banks sell gold, they don’t buy back coins even as a pledge. Post offices and non-bank financial agencies also sell gold coins. Consumers have to pay a VAT @ 1%.
Gold ETFs - One unit of ETF is equal to 1 gram of gold. Exchange Traded Funds (ETF) are like mutual funds that invest in gold. ETFs are gaining increasing popularity across the country owing to high liquidity, ease of investing (traded on the stock exchange) among many others. Also, there is no wealth tax involved which makes it an attractive investment option.
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