
Today Gold Rate in Guntur is Rs. 50,348.00 per 10 grams for 24 Karat
(10 grams = 1 tola gold)
Today Gold Rate in Guntur is Rs. 50,348.00 per 10 grams for 24 Karat
(10 grams = 1 tola gold)
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.
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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:
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)
Factor | January | February | March | |
1st day | Rs.2,821 per gram | Rs.2,965 per gram | Rs.2,990 per gram | |
Last day | Rs.2,954 per gram | Rs.3,003 per gram | Rs.2,940 per gram | |
Highest price | Rs.2,978 per gram on 23rd January | Rs.3,014 per gram on the 25th and 26th of February | Rs.2,994 per gram on the 2nd of March | |
Lowest price | Rs.2,821 per gram on 1st January | Rs.2,944 per gram on the 4th and 5th of February | Rs.2,900 per gram on 15th of March | |
Trend | Incline | Incline | Decline | |
Change | 4.71% | 1.28% | -1.67% |
Gold Price Trend in December 2020 | |
Trend | 24 Karat Gold (Rs/10gm) |
Rate on 01-December-2020 | 48,192.00 |
Rate on 31-December-2020 | 50,011.00 |
Highest Rate | 50,395.00 |
Lowest Rate | 48,183.00 |
Month Performance | Decline |
% Change | -3.77 % |
Gold Price Trend in November 2020 | |
Trend | 24 Karat Gold (Rs/10gm) |
Rate on 01-November-2020 | 50,861.00 |
Rate on 30-November-2020 | 48,800.00 |
Highest Rate | 51,974.00 |
Lowest Rate | 48,800.00 |
Month Performance | Rising |
% Change | 4.05 % |
Gold Price Trend in October 2020 | |
Trend | 24 Karat Gold (Rs/10gm) |
Rate on 01-October-2020 | 50,513.00 |
Rate on 31-October-2020 | 50,676.00 |
Highest Rate | 51,391.00 |
Lowest Rate | 50,276.00 |
Month Performance | Decline |
% Change | -0.32 % |
Gold Price Trend in September 2020 | |
Trend | 24 Karat Gold (Rs/10gm) |
Rate on 18-September-2020 | 51,730.00 |
Rate on 30-September-2020 | 50,272.00 |
Highest Rate | 51,928.00 |
Lowest Rate | 49,751.00 |
Month Performance | Rising |
% Change | 2.82 % |
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.
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.