Gold Rate in Vijayawada

Today Gold Rate per Gram in Vijayawada

Before venturing out to sell your gold, it is important for you to know and understand today’s gold rate per gram in Vijayawada. Since the rate is dynamic, researching the rates on the day of the sale is imperative

Historical Price of Gold in Vijayawada

There has been a long-standing tradition of investing in Gold in Vijayawada. The market price has been affected by several domestic and international factors over the years.

Factors Affecting Gold Rate in Vijayawada

Gold rate in Vijayawada is affected by several domestic and international factors including crude oil prices and economic conditions. Here are some of them in detail:

1. Inflation: Market fluctuations are an intrinsic factor in deciding the gold price in Vijayawada. As the demand increases, the price of gold in Vijayawada, like the rest of India, rises according to the rate of inflation.
2. Gold Reserves: The Reserve Bank of India holds gold reserves in the country. An influx in gold reserves is an indicator of an increased inflow of cash in the domestic market. This affects the price of gold in Vijayawada significantly.
3. Gold Market: Indians have a history and tradition of investing in gold jewellery, coins, etc. This causes heavy shifts in the demand and supply of gold, affecting its price. For example, during the wedding season, the demand for gold is high, so the price increases if the supply is short.

How to Sell Old Gold Jewelry for Cash in Vijayawada ?

Muthoot Gold Point offers a convenient and transparent platform for its customers to sell their gold for instant cash. Selling gold jewellery with Muthoot Gold Point involves the following steps:

Step 1: Customers visit their nearest Muthoot Gold Point branch and get their gold evaluated.

Step 2: The gold jewellery is cleaned thoroughly with ultrasonic machines to remove any dirt. This process is done in front of the customer.

Step 3: The value, weight and purity of gold is checked on XRF machines before the customer.

Step 4: Based on the value, weight and purity of the gold, it is evaluated as per the current market rate of gold in Vijayawada.

Step 5: If the customer is satisfied with the evaluation, they can hand over the gold to the representative. Muthoot Gold Point offers instant cash up to Rs 10000. If the amount is above Rs 10,000, the amount is transferred to the customer’s bank account.