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Today’s Gold Rate in Guntur

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Today Gold Rate in Guntur is Rs. 49,156.00 per 10 grams for 24 Karat
(10 grams = 1 tola gold)

Rs. 49,156.00

( 24 Karat, 10 grams )
24 Karat, 10 grams
Gold Price for Today Rs. 49,156.00
Gold Price for Yesterday Rs. 49,277.00

22 Karat, 10 grams
Gold Price for Today Rs. 46,944.00
Gold Price for Yesterday Rs. 47,204.00
Updated: 11-02-2020 13:24:25 PM

Guntur is a small town in the Guntur district in the state of Andhra Pradesh. Located along the east coast of the Bay of Bengal, it presents a lot of opportunities for imports and exports to happen from neighbouring countries. Guntur district is strategically located and is a major commercial hub in the south-eastern part of India. Not only industries, but it also offers a scope of development and growth in commercial activities.

Gold is one of the most widely traded metals in the district, both among rural and urban population. People of Guntur show a keen interest in buying and selling of gold to local market and to other parts of the country. There is a large demand of gold in the local market of Guntur and people are interested in buying gold in various forms and for different purposes. It is also observed that the demand for gold keeps on changing in the district of Guntur because of which the price of gold also changes in the market. It is worthwhile to understand the factors that trigger changes in the gold prices in Guntur. Some of the major factors are listed below. The list gives an idea about some of the major factors but by no means is it an exhaustive list of factors.

Trend of Gold Rate in Guntur for last 10 days


Date24 Karat Gold Rs / 10 gm22 Karat Gold Rs / 10 gm
11th July 2020 Rs. 49,156.00 Rs. 46,944.00
10th July 2020 Rs. 49,277.00 Rs. 47,204.00
09th July 2020 Rs. 49,071.00 Rs. 46,944.00
08th July 2020 Rs. 48,518.00 Rs. 46,427.00
07th July 2020 Rs. 48,201.00 Rs. 46,123.00
06th July 2020 Rs. 47,724.00 Rs. 46,699.00
05th July 2020 Rs. 47,724.00 Rs. 46,699.00
04th July 2020 Rs. 47,815.00 Rs. 46,787.00
03rd July 2020 Rs. 47,925.00 Rs. 46,895.00
02nd July 2020 Rs. 47,940.00 Rs. 46,623.00
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Factors affecting the gold rate in Guntur and other domestic markets
Gold Rates
Last 4 Months Trend of Gold Rate in Guntur.
Gold Buying Options in Guntur
A Word of Caution

Factors affecting the gold rate in Guntur and other domestic markets

Like all other states of India, the gold market in Guntur sees a lot of fluctuations in the demand and other policies as a result of which the customer may end up paying different prices for gold on different days of the same week. Some of the major factors that contribute to changing gold prices are mentioned below:

  • The monetary policies in India and abroad
  • Overall demand of gold in the domestic and the international market.
  • Robust and strong equity factors
  • Flickering stock market
  • Local taxes and duties that impact gold prices in domestic market alone
  • Transactions happening through import export channels
  • Major changes in economic policies
  • Import and export duties while sending and bringing gold to and from India
  • Inflation rate in India
  • Current account deficit of India
  • Changing Rupee-Dollar conversion rate
  • Rate of other precious metals and alloying elements used with gold

Gold Rates

By looking at the below table, one can get a fair idea about the latest trends being observed in the price of Gold in Guntur. These prices of gold have been recorded for two levels of purity viz. 22 carats of gold and 24 carats of gold. 24 carats of gold is also referred to as pure gold while 22 carats of gold is referred to as standard gold.

Gold Rate Trend in Guntur for January 2017 to March 2017 (per gram of 24 karat gold)

FactorJanuaryFebruaryMarch
1st dayRs.2,821 per gramRs.2,965 per gramRs.2,990 per gram
Last dayRs.2,954 per gramRs.3,003 per gramRs.2,940 per gram
Highest priceRs.2,978 per gram on 23rd JanuaryRs.3,014 per gram on the 25th and 26th of FebruaryRs.2,994 per gram on the 2nd of March
Lowest priceRs.2,821 per gram on 1st JanuaryRs.2,944 per gram on the 4th and 5th of FebruaryRs.2,900 per gram on 15th of March
TrendInclineInclineDecline
Change4.71%1.28%-1.67%

Last 4 Months Trend of Gold Rate in Guntur.

Gold Price Trend in June 2020
Trend24 Karat Gold (Rs/10gm)
Rate on 01-June-202046,616.00
Rate on 30-June-202047,932.00
Highest Rate47,932.00
Lowest Rate45,643.00
Month PerformanceDecline
% Change-2.82 %
Gold Price Trend in May 2020
Trend24 Karat Gold (Rs/10gm)
Rate on 21-May-202046,639.00
Rate on 31-May-202046,616.00
Highest Rate46,940.00
Lowest Rate46,256.00
Month PerformanceRising
% Change0.05 %
Gold Price Trend in March 2020
Trend24 Karat Gold (Rs/10gm)
Rate on 11-March-202044,382.00
Rate on 27-March-202043,051.50
Highest Rate44,382.00
Lowest Rate39,851.00
Month PerformanceRising
% Change3.00 %

Gold Buying Options in Guntur

Physical Gold: Gold is purchased extensively in Guntur in the form of jewellery, gold coins and bars. Gold bars are preferred the most by the population of Guntur. This is considered to be a very safe investment option and also a hedge to any inflation that market may observe in future.

Gold is available from some of the top jewellery brands in Guntur such as Tanishq, Kalyan Jewellers, etc. It is noteworthy that only genuine quality of gold should be purchased which are certified by the BIS and bear a hallmark logo. The demand for gold is also high as people prefer to offer gold ornaments and jewellery to their deity in temples. Any weddings in the area and other occasions may also increase the gold transactions happening in the city.

Contract Gold: Gold is also traded in the trade market in the spot and future options. This type of gold is also purchased for investment purpose. Various trade accounts and private dealers are available in Guntur through which customers can exercise this option.

A Word of Caution

It is worth mentioning that customers can easily be misguided by the false claims of some of the sellers regarding the purity of the gold. Therefore it is important that customers are fully informed of the current gold price in Guntur before they actually buy gold. Customers should check about the quality and the price of gold in the local as well as other markets to know about some of the best and genuine sellers that exist in Guntur. It is a very precious metal and buyers should be careful in spending their money while purchasing gold. Buying gold from major banks can be considered to be a safer bet as customers can be assured of the quality and purity. A thorough research beforehand about the latest trends in the gold market can ensure a perfect deal for a customer.

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