Gold Rate in Guntur

25th May 2018

31,850.00

Today MCX gold price in rupees per 10 grams.

Today gold price in Guntur is 31850 rupees per 10 grams
(10 grams = 1 tola gold)

22 Carat Gold
Rs. 29970
24 Carat Gold
Rs. 31850

22 Carat & 24 Carat Gold Rate in Guntur Per Gram (INR)

  22-Carat 24-Carat Change(%)
Yesterday 2997.00 3185.00 0 %
Today 2976.00 3164.00 0 %

Today 24 Carat Gold Price per gram in Guntur (INR)

Gram 24 Carat Gold Yesterday24 Carat Gold Today Daily Price Change
1 Gram Rs 3185.00Rs 3164.00
8 Gram Rs 25480Rs 25312
10 Gram Rs 31850Rs 31640
100 Gram Rs 318500Rs 316400

Today 22 Carat Gold Price per gram in Guntur (INR)

Gram 22 Carat Gold Yesterday22 Carat Gold Today Daily Price Change
1 Gram Rs 2997.00Rs 2976.00
8 Gram Rs 23976Rs 23808
10 Gram Rs 29970Rs 29760
100 Gram Rs 299700Rs 297600

Today Gold Rate in Guntur

Why is Gold Important in Guntur?

Located nearly 40 miles north of the Bay of Bengal, Guntur is one of the major commercial hubs of Andhra Pradesh. Gold is considered to be a scared metal in Guntur. It is used to make beautiful temple jewelry which is offered to the gods and goddesses of the local temples and is also worn by the people of Guntur during special events and festivities. Gold is purchased by all classes of citizens of Guntur regardless of the gold rates in Guntur especially during auspicious occasions such as weddings.

How is Gold Purchased in Guntur?

The gold may be physical in the form of jewelry, coins or bars as well as electronic in the form of Gold ETFs. While physical gold has a sentimental value attached to it also may be used to secure loans, by using it as security. Gold ETFs, on the other hand, are more liquid, do not pose a security risk and have lower costs involved that physical gold.

What Factors Determine Gold Prices in Guntur?

Today’s Gold rates in Guntur are decided by domestic and international factors such international gold price, exchange rates and the domestic duties and levies.  Gold rates in Guntur are volatile and may fluctuate depending upon the change in domestic and international cues hence one must check the before price of gold in Guntur purchasing or selling.

22 & 24 Carat Gold Rate in Guntur for Last 10 Days

Year
STANDARD GOLD 22K
1 GRAM 10 GRAM
PURE GOLD 24K
1 GRAM 10 GRAM
25 May 2018 Rs. 2997.00 Rs. 29970 Rs. 3185.00 Rs. 31850
24 May 2018 Rs. 2976.00 Rs. 29760 Rs. 3164.00 Rs. 31640
23 May 2018 Rs. 2976.00 Rs. 29760 Rs. 3164.00 Rs. 31640
22 May 2018 Rs. 2975.00 Rs. 29750 Rs. 3163.00 Rs. 31630
21 May 2018 Rs. 2975.00 Rs. 29750 Rs. 3163.00 Rs. 31630
20 May 2018 Rs. 2957.00 Rs. 29570 Rs. 3145.00 Rs. 31450
19 May 2018 Rs. 2962.00 Rs. 29620 Rs. 3150.00 Rs. 31500
18 May 2018 Rs. 3000.00 Rs. 30000 Rs. 3188.00 Rs. 31880
17 May 2018 Rs. 3000.00 Rs. 30000 Rs. 3188.00 Rs. 31880
16 May 2018 Rs. 3000.00 Rs. 30000 Rs. 3188.00 Rs. 31880

Comparison of 22 K & 24 K Gold Rates in Guntur

Historical Price of Gold Rate in Guntur

Gold Price in Guntur

Situated down the eastern part of Bay of Bengal in Andhra Pradesh, the city of Guntur is one of the important commercial hubs of this state. It is a major hub for business and industry.

Storing and Importing of Gold in Guntur

Gold is purchased in huge quantities in Guntur. It is purchased in many different forms such as gold jewelry, gold idols, gold ornaments, etc. It is widely purchased for temple jewelry that is offered to the idols in temples. Besides this, it is bought for auspicious festivals and weddings.

Gold Price Movement in Guntur

The gold price in Guntur depends on the gold rate in India and across the globe. Today gold price in Guntur is affected by other factors such as inflation in the country, import duties, current account deficit, situation of the economy and the strength of the US dollar. The gold rate has increased in the global markets by 16% in 2016.

Gold as an Investment in Guntur

Gold is considered to be a very safe investment in Guntur. The most common way of investing in gold in this commercial city is through gold bars. The other ways are:

Physical Gold: Jewelry, gold coins, gold bars, etc. are a common way of investing in gold. Kalyan Jewelers, Malabar gold and Tanishq are a few of the most renowned gold jewelers in Guntur.

Market Avenue: Gold is purchased through MCX (Multi Commodity Exchange), NCDEX (National Commodity and Derivatives Exchange) and NSEL (National Spot Exchange).

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