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Today’s Gold Rate in Andhra Pradesh

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Today Gold Rate in Andhra-pradesh is Rs. 49,157.00 per 10 grams for 24 Karat
(10 grams = 1 tola gold)

Rs. 49,157.00

( 24 Karat, 10 grams )
24 Karat, 10 grams
Gold Price for Today Rs. 49,157.00
Gold Price for Yesterday Rs. 49,278.00

22 Karat, 10 grams
Gold Price for Today Rs. 46,945.00
Gold Price for Yesterday Rs. 47,205.00
Updated: 11-02-2020 13:24:10 PM

Andhra Pradesh is one of the largest and most important state in the South of India. This state enjoys one of the highest sales and consumption of Gold in India. In lines with other states of the country, people of Andhra Pradesh purchase gold mainly in the form of jewellery and ornaments. More and more people in Andhra Pradesh are looking to invest in Gold because of its investment benefits and high value. The most important benefit the customers expect from this is the amount of return. The extremely high value of gold makes it a very reliable form of asset which every person in India likes to accumulate.

Trend of Gold Rate in Andhra-pradesh for last 10 days


Date24 Karat Gold Rs / 10 gm22 Karat Gold Rs / 10 gm
11th July 2020 Rs. 49,157.00 Rs. 46,945.00
10th July 2020 Rs. 49,278.00 Rs. 47,205.00
09th July 2020 Rs. 49,072.00 Rs. 46,945.00
08th July 2020 Rs. 48,519.00 Rs. 46,428.00
07th July 2020 Rs. 48,202.00 Rs. 46,124.00
06th July 2020 Rs. 47,725.00 Rs. 46,700.00
05th July 2020 Rs. 47,725.00 Rs. 46,700.00
04th July 2020 Rs. 47,816.00 Rs. 46,788.00
03rd July 2020 Rs. 47,926.00 Rs. 46,896.00
02nd July 2020 Rs. 48,777.00 Rs. 47,728.00
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Gold Rate Today : Hyderabad | Kerala | Mumbai | Delhi | Bangalore | Pune | Kolkata | Chennai

Silver Rate Today : Bangalore | Hyderabad | Delhi | Chennai | Mumbai | Ahmedabad | Jaipur

Factors affecting the price of gold in Andhra Pradesh
Last 4 Months of Gold Rate Trend in Andhra Pradesh
Gold Demand in Andhra Pradesh

Factors affecting the price of gold in Andhra Pradesh

For the prospective buyer of gold in Andhra Pradesh, it is imperative to understand the factors that determine and control the price of gold in India.Supply-Demand Gap: The most obvious factor that determines the gold rate in Andhra Pradesh is the demand supply economies there. If the demand of the gold is more than the supply in the state, the price of gold is bound to increase. However, if supply increases significantly and demand falls (as was the case after demonetization) the price tends to fall.

Central Banks Policies: The gold reserves are also maintained by Central banks as a measure against inflation. Besides this, the interest rate offered on savings bank also affect the gold price. A higher saving account rate will mean low demand for gold and consequently falling price. A low interest rate on the other hand means high prices of gold in Andhra Pradesh.

Global Condition: The price of gold is also affected by global conditions such as political emergencies, economic fluctuations etc. During this time period, the price of currency is uncertain and hence people invest more in gold thereby pushing up the gold price.

Uncertain Market Condition: Uncertainty in the stock market may also interest the investors to buy more gold in Andhra Pradesh. The reason is that gold is considered as a good investment option during inflation and thus people consider this to be a safer bet than investing in stocks or shares.

Price of US Dollar: Since the time dollar has become a global trading currency, price of gold in all parts of the world are affected by dollar value. Even in India, price of gold increases as soon as value of US Dollar goes down. This results in strengthening of Indian Rupee and hence more purchasing power for people in Andhra Pradesh.

If a person can understand the above factors then he/she can also understand the pattern and behaviour of gold rates, it will help him/her make a much more informed decision of investing money in gold. This knowledge can help him/her drive more monetary benefits in the long run.

Last 4 Months of Gold Rate Trend in Andhra Pradesh

Gold Price Trend in June 2020
Trend24 Karat Gold (Rs/10gm)
Rate on 01-June-202046,617.00
Rate on 30-June-202047,933.00
Highest Rate47,933.00
Lowest Rate45,644.00
Month PerformanceDecline
% Change-2.82 %
Gold Price Trend in May 2020
Trend24 Karat Gold (Rs/10gm)
Rate on 21-May-202046,640.00
Rate on 31-May-202046,617.00
Highest Rate46,941.00
Lowest Rate46,257.00
Month PerformanceRising
% Change0.05 %
Gold Price Trend in March 2020
Trend24 Karat Gold (Rs/10gm)
Rate on 11-March-202044,383.00
Rate on 27-March-202043,052.50
Highest Rate44,383.00
Lowest Rate39,852.00
Month PerformanceRising
% Change3.00 %

Gold Demand in Andhra Pradesh

Andhra Pradesh is considered to be highly overwhelmed with gold consumption around the year. Gold in the form of coins, gold bars and ornaments are very widely purchased by people. In addition, some devotees offer high value of gold to their idols during the auspicious and religious occasions that are quite common in this part of the country. In addition, intricate bridal jewellery is also very popular when it comes to weddings in Andhra Pradesh.

A very significant reason for huge production of gold in Andhra Pradesh is the presence of a gold field namely the Ramgiri Gold Field in the Anantpur District of Andhra Pradesh. Because of this, the state has roughly 7 million tonnes of ore. Few other areas where gold is found in abundance are Palachchur and Bisanattam in the district of Chittoor as well as Jonnagiri in the district of Kumool in Andhra Pradesh.

During the festival season in Andhra Pradesh, there is a significant rush of people outside the jewellery shops and they are looking to buy gold in large quantity. The sale of gold in these periods sees a sudden spike in Andhra Pradesh. Following the old age tradition, people from all diverse background cutting across all the age group and community indulge in buying of gold and gold ornaments in Andhra Pradesh.

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