Today's Gold Rate in Andra Pradesh: LIVE 22 and 24 Carat Gold Price

Andhra Pradesh saw its rise since the 14th century through a series of empires ruled by stately dynasties like Kakatiyas, Mughals and the Nizams who have left behind a legacy of treasures in the form of art, literature, culture, and valuables reminiscing a golden age in the region. Andhra Pradesh shines like a jewel in its traditional history when it comes to gold accumulation in the state and to this day the high demand for gold in the state is commendable and there is every reason for it to be affected. Several tourist destinations are dotted around the state and if you happen to visit Andhra Pradesh and plan to buy or sell gold at all, you can consider checking the gold prices in the state to acquire the best loan amount.

Gold Price in Andhra Pradesh for 22K and 24K Gold Purities

22 Carat Gold Price Per Gram in Andhra Pradesh - (Today & Yesterday)

If you are interested in investing in gold, evaluate and compare the 22-carat gold rate in Andhra Pradesh and check the information provided below:

Gram	Today	Yesterday	Price Change
Gold rate for 1 gram	₹ 6,691	₹ 6,577	₹ 114
Gold rate for 10 gram	₹ 66,908	₹ 65,770	₹ 1,138
Gold rate for 12 gram	₹ 80,290	₹ 78,924	₹ 1,366

Today 24 Carat Gold Price Per Gram in Andhra Pradesh - (Today & Yesterday)

Consider also comparing the 24K gold rate per gram in Andhra Pradesh in the following table given below:

Gram	Today	Yesterday	Price change
Gold rate for 1 gram	₹ 7,304	₹ 7,180	₹ 124
Gold rate for 10 gram	₹ 73,044	₹ 71,801	₹ 1,243
Gold rate for 12 gram	₹ 87,653	₹ 86,161	₹ 1,492

Disclaimer: IIFL Finance Limited (including its associates & affiliates) ("IIFL") makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are subject to change and are provided on an as-is basis with no guarantees of completeness, accuracy, usefulness or timeliness and is without any warranties of any kind, express or implied. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. IIFL accepts no liability or responsibility for any errors or omissions in the content stated herein and under no circumstances shall IIFL be liable for any damage, loss, injury or disappointment suffered by any reader.

Historical Gold Rate in Andhra Pradesh For The Last 10 Days

Day	22K Pure Gold	24K Pure Gold
13 Sep, 2024	₹ 6,690	₹ 7,304
12 Sep, 2024	₹ 6,577	₹ 7,180
11 Sep, 2024	₹ 6,594	₹ 7,199
10 Sep, 2024	₹ 6,557	₹ 7,159
09 Sep, 2024	₹ 6,538	₹ 7,137
06 Sep, 2024	₹ 6,588	₹ 7,193
05 Sep, 2024	₹ 6,583	₹ 7,187
04 Sep, 2024	₹ 6,530	₹ 7,129
03 Sep, 2024	₹ 6,548	₹ 7,149
02 Sep, 2024	₹ 6,550	₹ 7,151

Monthly and Weekly Trends of Gold Rate in Andhra Pradesh

The prevailing gold rates in Andhra Pradesh determine the monthly and weekly gold rates inAndhra Pradesh. Today’s gold rate in Andhra Pradesh also has a trail from the demand and supply mechanism in the state and ratify the volume of gold bought and sold. Despite gold rate changes, the monthly and weekly trend of gold in Andhra Pradesh has been steady with prevailing demand.

Gold Price Calculator in Andhra Pradesh

Gold amount

gm 10gm

Gold value: ₹ 6,690.80

Gold Rate in Top Cities

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What is the Current Trend in the Gold Price in Andhra Pradesh?

The demand in the state of gold heritage is always high all around the year but markets do change often. It remains a fact that one must be up to date with the current trends before deciding to buy or sell gold. Being a resident of Andhra Pradesh, if you intend to buy and sell gold, ensure that you follow the trend of today’s gold prices in Andhra Pradesh by checking the recent gold prices and comparing them with the historical data of gold prices in the same province.

Importance of Checking Gold Rates in Andhra Pradesh Before Buying

A frequent change in the gold rate automatically results in a different exchange value. Closely assess the gold rate in Andhra Pradesh before buying and selling gold for the maximum value.

Factors that Affect Gold Prices in Andhra Pradesh

Certain external factors are responsible for the change of gold prices in the state and so it's imperative to check the gold prices. These factors are”

Demand and Supply: Gold prices are much controlled by the demand and supply mechanics in Andhra Pradesh thus the rise and fall of the metal is observed.
Price of US Dollar: No other currency like the US dollar administers the price of gold in the market. Today’s gold price in Andhra Pradesh for 22 carats is the result of the US dollar’s volatility
Margin: Margin increases the price of metal hence impacting the gold price of Andhra Pradesh. This margin is imposed over the import price by local jewellers in the state.
Interest Rates: The gold interest rates in the country control the rise and fall rates in Andhra Pradesh and this metamorphoses into higher buying and selling as well.

How are Andhra Pradesh’s Gold Prices Determined?

Gold as an investment is a ritual with the people of Andhra Pradesh and this is a reason for its never-ending demand for gold throughout the year in the state. Residents who are gold experts prefer the 916 hallmarked gold based on the 916-hallmark gold price in Andhra Pradesh today .So, gold that is rated for purity is a popular choice as it is endorsed by the Bureau of Indian Standards (BIS). Get to know more about the ways to get a 916 hallmark gold in Andhra Pradesh

International Gold Price: The import price at which the gold is imported by jewellers to Andhra Pradesh is inclusive of an import duty charged by local jewellers on the international gold price.The gold price is thus determined in the state.
Demand and Supply: Demand and supply-driven gold price is bought in volumes and sold in Andhra Pradesh
Purity:18 and 24 carat gold prices are much different from 916 hallmarked gold prices in the market.

Evaluate Andhra Pradesh with Purity and Karats Method

Evaluating the gold price in Andhra Pradesh is important before purchasing and selling to know the genuine value as per current market prices. A glance at the ways to evaluate gold rate in Andhra Pradesh will give you a better understanding:

Purity Method (Percentage): Gold value = (Gold’s purity x weight x gold rate) / 24
Karats Method: Gold value = (Gold’s purity x weight x gold rate) / 100

Besides buying and selling gold in Andhra Pradesh, the methods to assess the value of the gold can be very useful to apply for a gold loan in Andhra Pradesh

Reasons Why Gold Rates Differ Between Andhra Pradesh and Other Cities

While every state has a different character, so does its gold rate depending basically on the bulk of gold traded annually. The demand and supply dynamics influence different states differently concerning their gold rates. Some more reasons given below also play a role in affecting the gold prices in Andhra Pradesh:

Import Price: The value of gold imports to Andhra Pradesh is affected by international gold rates and the extra charges local jewellers levy on the base price as mentioned earlier.As a result there is a hike in the gold prices in the state.
Volume: Demand increases with gold prices going down and vice versa.

Techniques to check the purity of gold

A few techniques can assess the purity of your gold and you can do them yourself or knock a professional jeweler or a gold assayer to help you out. Here are a few methods explained:

Investigate the gold piece with the help of a magnifying glass to read any hallmarks or stamps to establish the purity of gold.
You may report any damage by finding a discoloration or tarnishing in the gold when you visually inspect it carefully.
Gold is non-magnetic and this is established by magnetic tests to check the purity of gold. A simple and easy test to do.
Magnetic tests are a sure shot and an easy one to conduct and check the purity of gold. Real gold is never magnetic.
Nitric acid tests can be a bit messy as they involve chemicals, so it’s better to consult a professional gold dealer for this test.