Feb 25

Gold Rate in Vijayawada

Team Antworks

Daily Gold Rates

Date	Standard Gold (22 K)		Pure Gold (24 K)
Date	1 gram	8 grams	1 gram	8 grams
25 Feb 2018	₹ 2,921	₹ 23,368	₹ 3,067	₹ 24,536
24 Feb 2018	₹ 2,921	₹ 23,368	₹ 3,067	₹ 24,536
23 Feb 2018	₹ 2,914	₹ 23,312	₹ 3,060	₹ 24,480
22 Feb 2018	₹ 2,909	₹ 23,272	₹ 3,054	₹ 24,432
21 Feb 2018	₹ 2,911	₹ 23,288	₹ 3,057	₹ 24,456
20 Feb 2018	₹ 2,922	₹ 23,376	₹ 3,068	₹ 24,544
19 Feb 2018	₹ 2,936	₹ 23,488	₹ 3,083	₹ 24,664
18 Feb 2018	₹ 2,949	₹ 23,592	₹ 3,096	₹ 24,768
17 Feb 2018	₹ 2,949	₹ 23,592	₹ 3,096	₹ 24,768
16 Feb 2018	₹ 2,928	₹ 23,424	₹ 3,074	₹ 24,592

Gold Price in Vijayawada

Gold in Vijayawada is much sought-after due to several factors including its newfound status as a commercial hub of Andhra Pradesh. Vijayawada has gained increased significance post bifurcation of the erstwhile united Andhra Pradesh state. Residents of Vijayawada buy the yellow precious metal in the form of intricate jewelry including temple jewelry.

Trend of Gold Rate in Vijayawada for February 2018 (rates per gram for 24 karat gold)

February 2018 – Week 1 (1st – 4th)

The month began in Vijayawada with gold trading at Rs.3,040 per gram amid the rising US dollar index and firmer equity markets.
An increase in buying by local jewellers, retailers and industries despite the poor trend overseas led to gold rate in Vijayawada surging to Rs.3,071 per gram on the 2nd.
The 3rd, however, saw gold price in Vijayawada dropping to Rs.3,050 per gram with the US dollar gaining against other apex currencies following the release of the positive payrolls and jobs data.
With the US dollar and equities performing well in the global market, prices remained unchanged at Rs.3,050 per gram on the 4th with steady domestic demand for the metal.

February 2018 – Week 2 (5th -11th)

Gold opened at Rs.3,035 per gram in Vijayawada when trading began for the second week of February.
The 6th, i.e., the second day of the week, saw gold prices surge by Rs.31 to bring prices up to Rs.3,071 per gram. This was due to rising equity liquidation concerns around the world, which pushed safe-haven purchases to new levels.
As the US dollar strengthened after a brief fall and the sudden demand from the previous day fall, a gold rate in in Vijayawada fell to Rs.3,031 per gram on the 7th of February.
With the US dollar gaining against other apex currencies, gold rates worldwide took a dip. This caused prices to hit Rs.3,003 per gram on the 8th.
The 9th, however, as rates surge to Rs.3,018 per gram, thanks to increased demand from the domestic market.
Due to local demand holding steady, gold rates went up again on the 10th to Rs.3,023 per gram. This happened despite the fact that the US dollar continued to gain against other currencies.
The final day of this week saw gold continue at Rs.3,023 per gram as demand seemed to staturate.

February 2018 – Week 3 (12th – 18th)

When trading began for the week, gold was priced relatively higher at Rs.3,025 per gram on the 12th after the US dollar declined ahead of the inflation data during the week.
With markets waiting for the US inflation data to get an idea of the pace of interest rate hike during the year, the US dollar plunged further. This led to gold price in Vijayawada rising to Rs.3,030 per gram the next day.
Gold rate in Vijaywada surged to Rs.3,103 per gram on the 14th with the bullion hitting one-week highs in the international trade amid the weakened US greenback and poorly performing equities.
The dollar, however, regained lost ground and rose against a basket of other emerging currencies after the release of the highly expected inflation data. This led to gold prices in Vijayawada plunging to Rs.3,071 per gram on the 15th.
The yellow metal prices rose to Rs.3,074 per gram on the 16th before surging to Rs.3,096 per gram on the 17th after investors gravitated towards the bullion to hedge against inflation.
The week concluded with the precious metal holding firm at Rs.3,096 per gram on the 18th amid the strong trend overseas.

Trend of Gold Rate in Vijayawada for January 2018 (rates per gram for 24 karat gold)

Parameters	Gold price (24 karat)
Gold Rate on 1st January 2018	Rs.3,005 per gram
Gold Rate on 31st January 2018	Rs.3,045 per gram
Highest Rate in January	Rs.3,086 per gram on 16 January
Lowest Rate in January	Rs.3,000 per gram on 4 January
Overall Monthly Performance	Incline
Percentage Change	1.33%

January 2018 – Week 1 (1st – 7th)

Gold opened at a relatively weak note in Vijayawada for the new year. On the 1st of January, gold was priced at Rs.3,005 per gram.
As the international market showed some positive changes, gold rate in Vijayawada went up slightly to Rs.3,008 per gram on the 2nd and then to Rs.3,014 per gram the next day.
However, a surge in dollar rates and the subsequent announcement of the latest US payrolls’ data affected gold trading globally and in India. Gold price in Vijayawada dropped to Rs.3,000 per gram on the 4th as a result of this.
Gold rates went back up to Rs.3,015 per gram on the 5th. Reports suggested that “today’s gold rate” saw an increased as the job data was on the weaker side.
This led to gold rates rising to Rs.3,021 per gram on the 6th, and continue at this rate till the closing hours of the week.

January 2018 – Week 2 (8th – 14th)

When the week began, the yellow metal was recorded trading at Rs.3,015 per gram on the 8th following a marginal decrease in domestic demand from local jewellers and retailers.
Gold price in Vijayawada rose to Rs.3,021 per gram on the 9th but dropped to Rs.3,009 per gram the next day with the equities market performing well amid a strong dollar index.
The dollar, however, lost against a basket of other major currencies the next day and gold price in Vijayawada rebounded to Rs.3,030 per gram on the 11th.
A weakened dollar coupled with the poorly performing equity markets led to gold rates rising to Rs.3,045 per gram on the 12th.
Strong global trends coupled with increased local demand from industries and domestic jewellers led to prices hitting their highest since September at Rs.3,068 per gram on the 13th.
The week concluded with the precious metal prices holding steady at Rs.3,068 per gram on the 14th amid the positive overseas trends.

January 2018 – Week 3 (15th – 21st)

In Hyderabad, gold opened on a relatively subdued note with the metal priced at Rs.3,071 per gram.
A rise in global demand helped improve domestic sentiments. This pushed gold price in Vijayawada up to Rs.3,086 per gram on the 16th of January.
The US dollar index improved against a basket of other currencies and as a result of this, gold rates dropped to Rs.3,082 per gram on the 17th.
With the US treasury yields offering some increased returns, gold rates dropped to Rs.3,061 per gram on the 18th of the month.
Demand for gold surged amid rising concerns over a possible US government shutdown. Gold markets around the world, as well as India, climbed to new levels as a consequence.
On the 19th, the metal traded at Rs.3,064 per gram, which then rose to Rs.3,084 per gram the next day after the US government shut shop.
When the week ended, gold rate in Vijayawada was holding at Rs.3,084 per gram.

January 2018 – Week 4 (22nd – 28th)

When trading for the week began on the 22nd, gold was priced at Rs.3,022 per gram.
The 23rd saw gold open at Rs.3,030 per gram and close at Rs.3,026 per gram as demand remained mostly on the flatter side.
Significant increases in gold price in Vijayawada were witnessed from the 24th onwards, as the US dollar hit new lows while gold hit 16-month high figures.
On the 25th, the yellow metal opened at Rs.3,072 per gram as demand from jewellers in and around the city surged.
But, demand slowed down slightly and gold rate in Vijayawada seemed to consolidate towards the end of the week.
At the time of the week’s closing, gold was priced at Rs.3,068 per gram.

January 2018 – Week 5 (29th – 31st)

When trading began for the last week, gold rate in Vijayawada relatively lower at Rs.3,043 per gram on the 29th of January.
With the US dollar gaining other emerging currencies and the equities performing well in the market, gold rates plummeted to Rs.3,030 per gram on the 30th.
The US dollar, however, plunged the next day with investors and traders cautious ahead of President Trump’s annual State of the Union address and Federal Reserve’s monetary policy meeting during the week. The bullion was priced at Rs.3,045 per gram on the 31st.
The month concluded with Vijayawada recording a profit of 1.33% during the course of the month.