Today’s Gold Rate in Proddatur

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Today Gold Rate in Proddatur is Rs. 43,052.50 per 10 grams for 24 Karat
(10 grams = 1 tola gold)

Rs. 43,052.50

( 24 Karat, 10 grams )
24 Karat, 10 grams
Gold Price for Today Rs. 43,052.50
Gold Price for Yesterday Rs. 43,137.50

22 Karat, 10 grams
Gold Price for Today Rs. 39,532.00
Gold Price for Yesterday Rs. 39,524.00
Updated: 11-02-2020 13:17:32 PM

Proddatur is located on the banks of river Penna in Kadapa district of Andhra Pradesh. It is a small yet important town of this region and also the headquarters of Proddatur Zone . It is known as the city of gold also due to several gold mines located within a radius of 1 mile from the city bus station. Proddatur being a epicentre of gold & cotton business not only stands among the best commercial towns in South India but also is one of the wealthiest towns due to the large turnover in gold and cotton trading . The description of river Penna is found to be in the Telugu version of Ramayana. Due to its multi ethnic culture, almost all religious & cultural ceremonies are very widely celebrated. The town inhabits a population of more than 3 lakhs people with a 50-50 sex ratio. Even though it has a small urban populace & lesser political prominence as compared to other big towns in Andhra Pradesh, it holds its importance in the economy of state and contributes a significant portion through its cotton & gold trading. After Mumbai, Proddatur has traded highest number of gold.

Trend of Gold Rate in Proddatur for last 10 days


Date24 Karat Gold Rs / 10 gm22 Karat Gold Rs / 10 gm
27th March 2020 Rs. 43,052.50 Rs. 39,532.00
26th March 2020 Rs. 43,137.50 Rs. 39,524.00
25th March 2020 Rs. 41,428.00 Rs. 39,936.00
24th March 2020 Rs. 41,281.00 Rs. 39,796.00
23rd March 2020 Rs. 41,023.00 Rs. 39,548.00
22nd March 2020 Rs. 41,023.00 Rs. 39,548.00
21st March 2020 Rs. 41,023.00 Rs. 39,548.00
20th March 2020 Rs. 40,523.00 Rs. 38,416.00
19th March 2020 Rs. 40,634.00 Rs. 38,684.00
18th March 2020 Rs. 39,852.00 Rs. 38,336.00
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Why Invest in Gold in Proddatur
Investment Avenues for Gold in Proddatur
Last 4 months trend of gold rate in Proddatur

Why Invest in Gold in Proddatur

  • Proddatur is the city of gold and with highest number of gold trading done after Mumbai in India. The economy here is driven basically by cotton & gold trading only. Hence, the market of Proddatur is blended with both local as well as branded gold dealers. The quality of gold traded in Proddatur is very high and therefor very good for investment and personal use.
  • Even though the local demand isn’t much since it’s a comparatively small town, the major portion of gold trading is done by people from different parts of Andhra Pradesh. The city also dwells some great gold craftsmen here who not only tender some of the exquisite designs of gold jewellery but also offer discounts on the making charges.
  • Being a commercial centre of gold, the town also caters various gold based industries that have a direct or indirect requirement of gold in their products.

Investment Avenues for Gold in Proddatur

  • Physical Gold: Gold is considered as a sacred metal in local religious & family function in Andhra Pradesh. It is not only an auspicious investment but also all the celebrations & ceremonies are believed to be incomplete with gold not being involved. Gold jewelleries are mostly purchased in wedding season & festivals.  Apart from the conventional gold ornaments and utensils, people of Proddatur also have a liking towards investment in Gold coins & bars. Most of the local dealers in Proddatur offer gold jewellery in various weight range and price then accordingly. Proddatur has recorded highest gold transaction in the country after Mumbai and hence is often referred as Second Bombay by the people in south India.​
  • Gold Commodity: Gold trading is also very popular here and is sought as a best investment option to offer a safety net against inflation and financial crisis.

Last 4 months trend of gold rate in Proddatur

Gold Price Trend in March 2020
Trend24 Karat Gold (Rs/10gm)
Rate on 01-March-202042,786.00
Rate on 27-March-202043,052.50
Highest Rate44,497.00
Lowest Rate39,852.00
Month PerformanceDecline
% Change-0.62 %
Gold Price Trend in February 2020
Trend24 Karat Gold (Rs/10gm)
Rate on 01-February-202040,842.00
Rate on 29-February-202042,786.00
Highest Rate43,471.00
Lowest Rate40,255.50
Month PerformanceDecline
% Change-4.76 %
Gold Price Trend in January 2020
Trend24 Karat Gold (Rs/10gm)
Rate on 01-January-202040,021.40
Rate on 30-January-202040,378.00
Highest Rate42,021.40
Lowest Rate40,021.40
Month PerformanceDecline
% Change-0.89 %
Gold Price Trend in December 2019
Trend24 Karat Gold (Rs/10gm)
Rate on 06-December-201938,941.20
Rate on 31-December-201939,978.60
Highest Rate39,978.60
Lowest Rate38,406.40
Month PerformanceDecline
% Change-2.66 %

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