The gold rate in Vizianagaram changes daily based on global bullion prices, the USD-INR exchange rate, import-related costs and local demand. Gold is available in different purity levels, so 18K, 22K and 24K gold have different prices for the same weight. Demand may also increase during weddings, festivals and other traditional occasions. The displayed gold rate mainly represents the value of the metal. Making charges, taxes and other applicable costs may increase the final jewellery price.
Gold Rate in Vizianagaram
Key takeaways
- The gold price today in Vizianagaram changes regularly due to global gold prices, currency movements, local demand, and market conditions.
- 24 carat gold has the highest purity and is generally preferred for investment purposes, while 22 carat gold is more suitable for jewellery due to its greater durability.
- Checking the gold price today in Vizianagaram can help you compare rates and plan your gold purchase based on current market conditions.
- Gold rates can vary from one day to another, so tracking daily prices can help you make a more informed buying decision.
- Before purchasing gold, consider its purity, weight, prevailing rate, and additional charges to understand the overall cost.
Historical gold rate in Vizianagaram and how have they changed in recent years
Gold prices in Vizianagaram have risen steadily over the years. Short-term corrections happen, but the overall trend has remained upward.
| Year | Price: 24K per 10 grams |
| 2025 | Rs. 1,05,000 to Rs. 1,30,000 |
| 2024 | Rs. 77,000 |
| 2023 | Rs. 65,000 |
| 2022 | Rs. 52,000 |
| 2021 | Rs. 47,000 |
| 2020 | Rs. 48,000 |
| 2019 | Rs. 35,000 |
| 2018 | Rs. 31,000 |
| 2017 | Rs. 29,000 |
As gold prices in Vizianagaram continue to shift with global movements, staying informed can give you an advantage. Check your gold loan eligibility today and find out how much you can borrow.
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Key factors affecting gold rates in Vizianagaram
Gold prices in Vizianagaram may change every day. Many local and global factors can affect the gold rate.
- International gold prices: Gold is traded in many countries. If global gold prices rise or fall, gold prices in Vizianagaram may also change.
- USD-INR exchange rate: India imports a large amount of gold. If the Indian rupee becomes weaker against the US dollar, gold prices may increase.
- Inflation and economic conditions: People often buy gold during uncertain times. This may increase demand and affect gold prices.
- Import duties and GST: Taxes such as import duty and GST are added to the final gold price.
- Benchmark gold prices: IBJA benchmark prices are used across the gold industry and may influence local gold rates.
- Local demand in Vizianagaram: Gold buying may increase during weddings, festivals, and special occasions. This may also affect prices.
Higher gold prices may improve your gold loan eligibility value. You can check your estimated eligibility based on today’s gold rate.
Alongside these market factors, the price you pay or receive also depends on the gold's purity. Not all gold is the same 24K, 22K, and 18K each carry a different rate and serve a different purpose.
What is the difference between 18K, 22K, and 24K gold?
Gold purity is measured in karats. A higher karat means a higher amount of pure gold.
- 18K gold contains 75% pure gold and is commonly used for designer jewellery and jewellery with stones.
- 22K gold contains 91.6% pure gold and is widely used for jewellery and ornaments.
- 24K gold contains 99.9% pure gold and is usually preferred for gold coins and investment.
| Parameter | 18K Gold | 22K Gold | 24K Gold |
|---|---|---|---|
| Purity | 75% | 91.6% | 99.9% |
| Strength | Highest | High | Lower |
| Common Use | Diamond jewellery and daily wear jewellery | Traditional jewellery | Investment bars and coins |
| Price | Lowest | Higher | Highest |
Understanding gold purity may help you choose the right type of gold for jewellery, gifting, or investment.
Checking the purity of gold in Vizianagaram
Checking gold purity is important before buying or pledging gold. Here are some common ways to check purity:
- BIS hallmark verification: Hallmark certification helps confirm the purity of gold jewellery and ornaments.
- Electronic gold testers: Machines may be used to quickly test gold purity.
- Karat meters: Jewellers may use karat meters to test gold quality.
- Density testing: This method compares gold density to understand purity levels.
- Certified evaluation: Professional jewellers can check gold purity using proper testing methods.
Knowing these methods may help you feel more confident before buying or pledging gold.
How can you calculate the value of your gold?
The value of your gold depends on three main things:
- Gold weight
- Gold purity
- Current gold rate
Gold value formula
Gold Value= Gold weight × Current gold rate
Example gold value calculation
Suppose a customer in Vizianagaram owns:
- 50 grams of 22K gold
- Current 22K gold rate: Rs. 13,335 per gram
- Estimated gold value= 50 × Rs. 13,335 = Rs 6,66,750
This gives an estimate of the current market value of your gold based on today’s rate.
If you want to know how much loan amount your gold may support, the next step is to check your gold loan eligibility.
How do gold rates influence gold investments?
Gold prices can affect the value of different types of gold investments. This includes physical gold, Gold ETFs, and Sovereign Gold Bonds (SGBs). Many people check daily gold prices before buying jewellery or investing in gold. When gold prices increase, the value of investments may also go up. Lower prices may create buying opportunities for people planning long-term investment.
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Not your nearest branch?
How does the gold price in Vizianagaram today affect your gold loan amount?
Today’s gold rate in Vizianagaram plays an important role in deciding the loan amount you may get against your pledged gold. If gold prices increase in Vizianagaram, the value of the same weight and purity of gold jewellery or ornaments may also go up. This may improve the loan amount available against your gold.
How is gold loan eligibility calculated?
Your gold loan eligibility in Vizianagaram depends on a few important factors:
- Gold weight
- Gold purity
- Applicable gold rate
- Loan-to-value (LTV) ratio
The final loan amount depends on the eligible LTV, actual gold purity, and the lower of either the previous day's closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange. The LTV ratio must be maintained throughout the loan tenure and may be revised as per RBI guidelines and lender policies.
The loan amount is determined using the applicable LTV ratio, which varies by loan size. To know more, click here.
Gold loan basics: What you should know before applying
With Bajaj Finance, you can borrow from Rs. 5,000 to Rs. 2 crore against your gold jewellery, ornaments, and gold coins. The gold loan interest rate starts from 9.50% per annum.
Jewellery and ornaments are accepted between 18-22 purity. Gold coins are accepted up to 24 karat purity. Your gold is stored in secure vaults with insurance cover for the entire loan duration.
A few things worth knowing before you apply:
- Your loan amount is based on the weight and purity of your gold, not what you originally paid for it
- Bajaj Finance uses the lower of the previous day's closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange
- Only one valid KYC document is required: Aadhaar card, Voter ID, passport, driving licence, NREGA job card, or a letter from the NPR
- You can repay interest monthly, bi-monthly, quarterly, half-yearly, or annually, with the principal settled at the end of the tenure
- There are no foreclosure charges; you can close the loan early without any penalty
Before applying, use the gold loan calculator to estimate your eligible amount, or check your gold loan eligibility online to understand your borrowing capacity based on today's gold rate in Vizianagaram, gold purity, and weight.
Ready to unlock the value of your gold? Apply for Bajaj Finance Gold Loan today.
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Know more about gold rates in Indian states and Union Territories
| Gold Rate in Andhra Pradesh | Gold Rate in Jharkhand | Gold Rate in Rajasthan |
| Gold Rate in Kashmir | Gold Rate in Diu | Gold Rate in Sikkim |
| Gold Rate in Assam | Gold Rate in Kerala | Gold Rate in Tamil Nadu |
Know more about gold rates in other cities
| Gold Rate in Jalandhar | Gold Rate in Sonipat | Gold Rate in Valsad |
| Gold Rate in Raipur | Gold Rate in Ballari | Gold Rate in Adilabad |
| Gold Rate in Bokaro | Gold Rate in Bhilai | Gold Rate in Jamshedpur |
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Frequently asked questions
Gold Price
Gold Purity
What decides the price of gold in Vizianagaram?
The price of gold in Vizianagaram is determined by various factors. Global market trends, economic conditions, demand-supply dynamics, and currency fluctuations influence the gold price in Vizianagaram. These factors collectively shape its value, reflecting the city's economic and cultural ties to this precious metal.
How has the gold price changed recently in Vizianagaram?
The gold price in Vizianagaram can change daily due to global gold prices, rupee-dollar movements, import duties, taxes and local demand. Recent rates may rise or fall, so checking daily updates helps before buying gold, investing or applying for a gold loan.
What is the gold rate today in Vizianagaram?
The gold rate in Vizianagaram varies by purity, with separate rates for 18K, 22K and 24K gold. Prices change with market conditions, so check the latest rate per gram and per 10 grams before making a purchase or financial decision.
What constitutes gold purchases in Vizianagaram?
Gold purchases in Vizianagaram encompass various factors, including purity, weight, and prevailing market rates like the gold price today in Vizianagaram. People of Vizianagaram consider these aspects to make informed decisions, ensuring they acquire genuine, valued gold while staying updated with the city's current pricing trends.
Which gold is better to buy in Vizianagaram– 22k or 24k?
In Vizianagaram, the choice between 22k and 24k gold depends on personal preferences. Consider checking gold rate today in Vizianagaram for 22 carat and 24 carat gold to make an informed decision based on both purity and price.
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Disclaimer
Bajaj Finance Limited (BFL) has the sole and absolute discretion, without assigning any reason to accept or reject any application as per BFL policy. *