Andhra Pradesh · 26 September 2026 · 09:44 PM IST
| Weight | 24K (99.9%) | 22K (91.6%) | 18K (75%) |
|---|---|---|---|
| 1 Gram | ₹15,359.61 | ₹14,069.40 | ₹11,519.71 |
| 8 Grams (1 Pavan) | ₹122,876.88 | ₹112,555.20 | ₹92,157.68 |
| 10 Grams | ₹153,596.10 | ₹140,694.03 | ₹115,197.08 |
| 100 Grams | ₹1,535,961.00 | ₹1,406,940.00 | ₹1,151,971.00 |
| 1 Kilogram | ₹15,359,610 | ₹14,069,400 | ₹11,519,710 |
Today, the 24K gold price in Visakhapatnam dropped to Rs.153596.1/10g, marking a decline from the previous day's rate. This movement can be attributed to a combination of global economic factors and local market sentiment. Domestic factors such as the MCX gold prices and the Indian Bullion Jewellers Association (IBJA) rates exhibit a similar downward trend, reflecting a cautious market. Additionally, the monsoon outlook and festive season demand have yet to significantly impact prices, suggesting a gradual shift in consumer sentiment.
Global macroeconomic drivers, including the US Federal Reserve's interest rate decisions and the USD/INR exchange rate, continue to influence gold prices. With the US Federal Reserve expected to maintain a hawkish stance, the USD/INR exchange rate is likely to remain stable, supporting gold prices. However, international demand for gold, particularly in India, is being weighed against domestic factors such as lower MCX prices and the impact of import duties. The festive season and the monsoon outlook are expected to moderate the downward pressure on gold prices in the short term.
For local consumers in Visakhapatnam, it's advisable to consider BIS hallmark standards when purchasing gold to ensure purity. Investors should stay informed about the MCX gold prices and IBJA rates to make strategic buying decisions. ETFs offer a low-cost alternative for gold investment, providing exposure to the gold market without the need for physical gold. Consumers should also explore various retail options, such as banks and authorized bullion dealers, to purchase gold securely and at competitive rates.
To securely buy physical gold or paper gold in Visakhapatnam, consumers should first choose a reputable seller or authorized dealer. Ensure the gold is BIS hallmarked for purity. For paper gold, opening an account with a reputable financial institution is straightforward. Follow the institution's instructions to buy and store gold. Always verify the authenticity and security of the gold or paper gold before finalizing the purchase.