Gold is one of the prime metals among all but you cannot expect the gold price to follow a definite trend. That is why, we have documented this article to let you know about the Gold Rate in Nellore. Therefore go through the whole content and stay tuned to Find Gold Rate in NelloreLive.
To help you we have included charts so that you can understand the price of both the 22 carat and 24-carat gold Rate in Nellore Today.
22 Carat Gold Rate in Nellore – Gold Price in Nellore Today
In this category, we have added the variation in the gold price pertaining to the 22 Carat Gold Rate in Nellore. 22 carat is always the basic one for crafting gold jewellery.
In this section, you will get the exact price of the gold price in Nellore today, yesterday and about the price change.
We have mentioned the price percentage reflecting the performance of the gold rates.
24 Carat Gold Rate in Nellore Today – Gold Price in Nellore
24-Carat Gold Rate in Nellore has been documented in this above table. It also shows the current nature of the pure gold price in Nellore. We also stated the price of the gold yesterday, change in the statistics of the price percentage as well.
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Gold Price in Nellore for Last 15 Days
Gold purchasers think wittily when it comes to buying the gold. That mean,s they don’t want to take the risk with the rate which is why they always consider the last price variations for a fruitful buy.
Now you take a look at the table to understand that we have mentioned the 15 days gold price in Nellore, so that you can get a clear picture of the current trend of the gold price.
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Graph of Gold Rate Today in Nellore – Also Past Gold Price in Nellore
We have drafted the graphs to demonstrate the price fluctuation of the gold. We also added charts to show the Gold Rate in Nellore stats in regards to the present day scenario. Also, we gave you an insight into the previously recorded price variation of the gold rate in Nellore.
Gold Price in Nellore – Past 6 Months Price
The whole movement of the price on account of the Gold Rate in Nellore for the last 6 months is compiled together in the below tables.
August 2020, Gold rate movement in Nellore
|Gold Rates in August 2020||22 Carat Gold Rate||24 Carat Gold Rate|
|01-08-2020||₹ 5,128||₹ 5,386|
|08-08-2020||₹ 5,423||₹ 5,698|
|15-08-2020||₹ 5,114||₹ 5,368|
|22-08-2020||₹ 5,050||₹ 5,303|
|31-08-2020||₹ 4,947||₹ 5,192|
|Highest Rate in August||₹ 5,423||₹ 5,698|
|Lowest Rate in August||₹ 4,914||₹ 5,164|
For investing in Gold, knowing precisely the prices of Gold in the city is important. The lower price you invest in Gold, the higher return it can fetch in the future. In this section we have discussed about the points on the gold rate movement in Nellore for the month of August.
- For the month of August, the gold prices first increased then stooped until the month end.
- The opening price for the month was Rs. 5,128 per gram for 22 carat gold and Rs. 5,386 per gram for 24 carat gold.
- The closing price was Rs. 4,947 per gram for 22 carat gold and Rs. 5,192 per gram for 24 carat gold.
- Nellore’s gold prices were impacted by the trades in the global market.
- The performance analysis is calculated for both the categories which reflects the overall movement underwent by prices and is around 10% for the same.
July 2020, Gold rate movement in Nellore
|Gold Rates in July 2020||22 Ct Gold Rate||24 Ct Gold Rate|
|01-07-2020||₹ 4,680||₹ 4,912|
|08-07-2020||₹ 4,682||₹ 4,916|
|15-07-2020||₹ 4,717||₹ 4,954|
|22-07-2020||₹ 4,786||₹ 5,028|
|31-07-2020||₹ 5,106||₹ 5,361|
|Highest Rate in July||₹ 5,109||₹ 5,361|
|Lowest Rate in July||₹ 4,612||₹ 4,846|
For diversification of portfolio, reading of gold trends is very necessary. And to read the trends accurately looking at the change in gold prices every month is an important factor. This section highlights the numbers for gold rates for the month of July in Nellore.
- Data for change in prices as on five different dates are available in the table.
- For 22 carat gold, the price as on 1st of July is Rs. 4,680 per gram, on 15th July is Rs. 4,717 per gram and on 31st July is Rs. 5,106 per gram.
- For 24 carat gold, the price as on 1st of July is Rs. 4,912 per gram, on 15th July is Rs. 4,954 per gram and on 31st July is Rs. 5,361 per gram.
- The month closed with the highest price that was on 31st
- Overall performance is calculated for the month for both the categories and stands at 10.78% and 10.63% respectively.
June 2020, Gold Rate Movement in Nellore
|Gold Rates in June 2020||22 Ct Gold Rate||24 Ct Gold Rate|
|01-06-2020||₹ 4,511||₹ 4,738|
|08-06-2020||₹ 4,460||₹ 4,684|
|15-06-2020||₹ 4,538||₹ 4,763|
|22-06-2020||₹ 4,616||₹ 4,843|
|30-06-2020||₹ 4,631||₹ 4,864|
|Highest Rate in June||₹ 4,647||₹ 4,880|
|Lowest Rate in June||₹ 4,453||₹ 4,674|
The table conscripted above shows a precise image of the gold rate in Nellore for both the 22-carat gold and 24-carat gold rate. You will be surprised to see how the price changes on different dates. In addition to that, come to know about the percentage change in price as well.
- The month of June shows the variation in the 22 carat and 24 carat gold at different intervals.
- The highest price for the 22 carat gold was recorded as Rs.4,647
- On the flip side, the highest price for the 24 carat gold was Rs.4,880
- The lowest price for both the 22 carat and 24 gold was Rs.4453 and Rs.4674 respectively
- You can see that the price for both the gold categories increased at the end of the month.
- You can see that the percentage performance for both the 22 carat and 24 carat gold was 4.36% and 4.41%. That means the change was almost same for both the gold segments.
- The 24 carat gold showed a huge price lift in this month of June.
May 2020, Gold Rates in Nellore
|Gold Rates in May 2020||22 Ct Gold Rate||24 Ct Gold Rate|
|01-05-2020||₹ 4,400||₹ 4,621|
|08-05-2020||₹ 4,362||₹ 4,581|
|15-05-2020||₹ 4,485||₹ 4,710|
|22-05-2020||₹ 4,489||₹ 4,712|
|31-05-2020||₹ 4,514||₹ 4,736|
|Highest Rate in May||₹ 4,588||₹ 4,817|
|Lowest Rate in May||₹ 4,349||₹ 4,564|
The table we have documented above comprises of Gold Rates in Nellore for the month of May.We have conscripted the gold rate in Nellore per gram for both the 22 carat and 24-carat gold category.
- The variation in the gold price for different intervals is shown in the table.
- The highest price for the gold recorded as 4,588 and Rs.4,817 for 22 carat and 24 carat gold.
- At the same time, the lowest rate of the gold was recorded as Rs.4,349 and Rs.4,564 for 22 carat and 24 carat gold respectively.
- The overall performance in terms of percentage is recorded at 5.50% and 5.54% eventually.
- You can see that the price took the leap at the month-end only for both the segments of gold.
April 2020, Gold Rate Movement in Nellore
|Gold Rates in Apr 2020||22 Ct Gold Rate||24 Ct Gold Rate|
|01-04-2020||₹ 3,958||₹ 4,154|
|08-04-2020||₹ 3,957||₹ 4,158|
|15-04-2020||₹ 3,960||₹ 4,154|
|22-04-2020||₹ 4,492||₹ 4,717|
|30-04-2020||₹ 4,446||₹ 4,666|
|Highest Rate in Apr||₹ 4,536||₹ 4,762|
|Lowest Rate in Apr||₹ 3,954||₹ 4,151|
The gold price statistics during the month of April is stated in the above table. It consists of the Gold Rate Movement in Nellore. Also, we tried to keep you informed regarding the Gold Rate in Nellore per Gram for both the divisions of the gold.
- The change in the gold rate statistics at the major intervals is well observed in the above table.
- Price of the gold seems to increase as the month reaches the end for both the gold segments.
- The highest recorded gold price for 22 carat gold was 4,536 and the lowest price for the same was Rs.3,954.
- In the meantime, the highest gold price for the 24 carat gold was Rs.4,762 and the lowest price for this was Rs.4,151.
- The performance percentage of the gold price was 14.72% and 14.72%.
March 2020, Gold Rate Movement in Nellore
|Gold Rates in Mar 2020||22 Ct Gold Rate||24 Ct Gold Rate|
|01-03-2020||₹ 3,992||₹ 4,190|
|08-03-2020||₹ 4,215||₹ 4,419|
|15-03-2020||₹ 4,025||₹ 4,223|
|22-03-2020||₹ 3,970||₹ 4,171|
|30-03-2020||₹ 3,956||₹ 4,154|
|Highest Rate in Mar||₹ 4,236||₹ 4,448|
|Lowest Rate in Mar||₹ 3,838||₹ 4,029|
The movement of the gold price in Nellore for the month of March has depicted in the above table. For the ease of your understanding, we have documented the change in the Gold price in Nellore per gram for the whole month.
- The gold rate frequency is drafted all throughout the month at major time intervals.
- We have examined the price performance of the gold, which hit 10.37% and 10.40% for the 22 carat, and 24 carat gold respectively.
- The highest recorded price was Rs.4,236 for 22 carat gold and Rs.4,448 for the 24 carat gold.
- The lowest shift on the gold price was Rs.3,838 and Rs.4,029 for the 22 and 24 carat gold.
- A huge shift in the gold price can be seen across the full month but the price trend seems to be a bit higher in the middle of the month.
February 2020, Gold Price Movement in Nellore
|Gold Rates in Feb 2020||22 Ct Gold Rate||24 Ct Gold Rate|
|01-02-2020||₹ 3,886||₹ 4,080|
|08-02-2020||₹ 3,870||₹ 4,062|
|15-02-2020||₹ 3,929||₹ 4,080|
|22-02-2020||₹ 4,076||₹ 4,280|
|29-02-2020||₹ 3,987||₹ 4,189|
|Highest Rate in Feb||₹ 4,106||₹ 4,308|
|Lowest Rate in Feb||₹ 3,843||₹ 4,034|
Take a close look through the 22 Carat Gold Rate in Nellore for the month of February, understand that we have analyzed Gold Rate in Nellore per gram to let you know about the price movement across the whole month.
- The highlighted price of the golds recorded at different intervals is jotted in the table with each day price records.
- The performance of the gold price in terms of percentage as 6.84% and 6.79% for the 22 carat and 24 carat gold is also mentioned in the above table.
- Highest recorded price for both the gold segments such as 22 carat and 24 carat are Rs.4,106 and Rs.4,308.
- The lowest recorded price for 22 carat and 24 carat golds are Rs.3,843 and Rs.4,034 respectively.
- We observed that the price of the gold followed a declining trend all across the month however; a sudden shift in the price can be seen in the month-end.
January 2020, Gold Price Movement in Nellore
|Gold Rates in Jan 2020||22 Ct Gold Rate||24 Ct Gold Rate|
|01-01-2020||₹ 3,746||₹ 3,927|
|08-01-2020||₹ 3,932||₹ 4,129|
|15-01-2020||₹ 3,804||₹ 3,992|
|22-01-2020||₹ 3,813||₹ 3,999|
|30-01-2020||₹ 3,861||₹ 4,056|
|Highest Rate in Jan||₹ 3,932||₹ 4,129|
|Lowest Rate in Jan||₹ 3,734||₹ 3,927|
Take a view of the 22 Carat Gold Price in Nellore for the January month, and the type of drift in the price that took place in this month. Therefore, understand the frequent fluctuation for the Gold Price in Nellore.
- You can observe that for the whole month the price of the gold specifically for the 22 carat gold followed low price pattern.
- Talking about the price stability yes you can see no major fluctuation all throughout the month. Note that the lowest and highest recorded price for the 22 carat was Rs.3,734 and Rs.3,932
- The price movement is almost stabilised for the 24 carat gold which shows the recorded price as Rs.3,927 and Rs.4,129 as the low and high.
- The performance percentage of the gold price recorded at 5.30% and 5.14%.
- Additionally, the variation in the price can be seen for 5 different dates for the whole month.
December 2019, Gold Rate Movement in Nellore
|Gold Rates in Dec 2019||22 Ct Gold Rate||24 Ct Gold Rate|
|01-12-2019||₹ 3,654||₹ 3,833|
|08-12-2019||₹ 3,618||₹ 3,796|
|15-12-2019||₹ 3,624||₹ 3,809|
|22-12-2019||₹ 3,641||₹ 3,825|
|30-12-2019||₹ 3,732||₹ 3,920|
|Highest Rate in Dec||₹ 3,741||₹ 3,933|
|Lowest Rate in Dec||₹ 3,596||₹ 3,775|
This table portrays the 24 Carat Gold Rate in Nellore for the last year, clearly for the month of December. The table broadly shows two different columns where the first column consists of the 22 carat and the second column shows 24 carat for the gold rates in Nellore.
- For the entire month, the price of the gold followed a low trend.
- Reminding you of the stability of the price, that is also well seen with the trend.
- On the lowest front, the recorded price for the 22 carat and 24 carat gold was Rs.3,596 and Rs.3,775.
- On the flip side, the highest recorded price for both the 22 carat and 24 carat gold was Rs.3,741 and Rs.3,933.
- The end performance of the price in regards to the percentage is 4.03% and 4.19%.
Gold Rate in Nellore – Trend in 2020
Considering the recent events like the India and China trade contract and the sudden outbreak of the Pandemic COVID 19, you can observe that a major drift is seen in the Gold Rate Trend in Nellore.
Definitely, such a shift can be seen in the beginning of the year actually.
The trend seemed escalating in regards to the trade agreement, but later on, a setback in the price trend can be witnessed. Now, this was again due to the uncertain and unfortunate COVID 19 situation.
The fall of the stock market followed by the increase in the dollar price equally resulted into the gold price fluctuation.
The highest price of the gold can be observed in the month of March due to the Government’s initiative to stand tall against all the Pandemic Corona Circumstance.
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Gold Rate in Nellore – Trend in 2019
Gold Rate Trend 2019 in Nellore is concisely summarised in this section considering the entire analysis of the year. In fact, you can see that the year showed a secured rise and fall in the gold price actually.
The Historical Gold Rate in Nellore shows considerable occurrences all over the year, and it affected the price of the gold. But, the vital cause behind that was the business stress among China and USA.
As you can see, the vital decline in the price was actually raised by the continuous demand for the yellow metal. The fluctuation of the gold price was due to the change in the dollar value of the US.
What makes Gold Rates in Nellore to increase?
Gold Rate in Nellore as of today differs because of the different international and domestic scenarios. Events like the increase in the demand of the metal or the rise in the US Dollar value altogether causes a major change in the Gold rate.
Still follow the below bullet points to get the precise idea on that.
- The rate of inflation leaves an impact on the gold price. That means, during the inflated situation, the demand of gold also increases as people think it is better to have gold instead of the currency.
- If any price fluctuation takes place in the overseas market, then obviously that is going to influence the gold price in the local markets.
- Reserve bank of India as the premium reservoir of gold also determines the price of the gold.
- The demand for gold during the festive months also increases the price of the metal as well.
- The rate of interest also shares a reverse relationship with the gold price. That means if the interest rate is low then the gold price will increase.
What makes Gold Price in Nellore to decrease?
Here you will see some of the conscripted contrary causes that resulted in the fall of the gold price in Nellore. Therefore follow each one of them to understand that:
- The condition of the market especially inthe bear market, the price just falls drastically that automatically reduces the gold price.
- The affairs in the international market also influence the price of gold.
- Rush in the supply of gold followed by less demand of the metal will also cause the gold price to fall.
- If the rate of interest is more then you will naturally see that there is a fall in the rate of the gold.
Why Central Bank Policies impacts Gold Rates in Nellore?
Central Bank is the ultimate place known to store the gold and the currencies. Each time you will see that the central banks of the prominent countries reserve the gold.
When they do so, automatically the price of the gold shoots up. It so happens because the cash flow in the market also gets escalated followed by a fall in the supply of the gold.
The US dollar influences the gold price or increases in the Indian currency makes the gold metal quite worthy for the investors.
That is why you will see that investors do like to use gold as the hedging tool during periods of inflation, which makes them adjust with the rising Gold Price in Nellore.
Such type of investment options become very much attractive especially when there is the revised policies of the bank and the rise in the stock rate as well as the government. But, the fall in the price of the gold leads to the decline in gold rate in Nellore Today.
Why Gold Price in Nellore is different from other Cities?
In this section, we will highlight that the gold rates are different in different cities. Such a difference is because of the international market condition. It is also because of the power of US dollars as well. If you want to check the variation, then you will see that it is very less.
The main reason behind the variation in the gold price in Nellore is the logistics, cost of transportation, quantity purchased and the local condition of the market.
The value of the Indian currency also affects the gold price. In addition to that, if the currency value weakens then it will also cause the gold price to rise. Eventually, it is the government’s import duty; which also affects the price of the gold to manifold.
What is Gold Rate in Nellore 916 Hallmark gold?
The BIS or the Bureau of Indian statistics came into light with the thought to impose some regulation on the gold manufacturer in India.
According to that, they traders follow the rule of engraving the 916 hallmarks on the gold. It means that gold is very pure and genuine.
Therefore, you should remember that the gold rate in Nellore 916 is actually 22 carat gold. It shows that the 91.6 grams of the gold are present in 100 grams of alloy.
That explains the gold purity. Also, this is what the sellers use to ensure that the sculpture and quality are the same as the 22 carat gold.
Find out Gold Rates of more Indian Cities & States
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How much is the Tax Levied on Gold Rate in Nellore?
Talking about the rates levied on the gold, you will see that on the gold, government imposed 3% rates. But, 5% is imposed as the GST on the making of the jewellery. As making charge of the seller differs, that is why it was necessary to have a fixed percentage on the gold.
In fact, you will see that the government fixes the tax on the gold rate in Nellore. Therefore, the GST charge of 5% is fixed and it will not change.
Gold Rate in Nellore – Conclusion
The article was fabricated to give you the statistical information on the Gold Rate in Nellore and other factors influencing the gold price.
We tried to offer the complete nuance on the vital determinants of the 22 carat and 24 carat gold. On top of that, we gave you the sneak peek of the Today Gold Rate in Nellore in addition to trends and factors.
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