24K price performance
▼ Down ₹1,389.45 (-8.7%) over 31 days
Machilīpatnam, Andhra Pradesh, India
Gold Price
24K per gram
₹14,580.25
22K per gram
₹13,364.57
18K per gram
₹10,935.19
Last rate update: Sat, Jun 20, 2026 3:34 PM
Calculation output
| Line item | Value |
|---|---|
| Rate per gram | ₹14,580.25 |
| Weight in grams | 10.000 |
| Gold value | ₹1,45,802.50 |
| Chargeable weight | 10.000 |
| Making charge | ₹0.00 |
| GST amount | ₹4,374.08 |
| Total | ₹1,45,802.50 |
Recent rate history
| Date | Avg Price | Status |
|---|---|---|
| Jun 20, 2026 | ₹14,573.17 | Verified |
| Jun 19, 2026 | ₹14,643.56 | Verified |
| Jun 18, 2026 | ₹15,008.56 | Verified |
| Jun 17, 2026 | ₹15,086.91 | Verified |
| Jun 16, 2026 | ₹15,111.99 | Verified |
| Jun 15, 2026 | ₹15,061.79 | Verified |
| Jun 14, 2026 | ₹14,830.78 | Verified |
| Jun 13, 2026 | ₹14,829.71 | Verified |
| Jun 12, 2026 | ₹14,760.22 | Verified |
| Jun 11, 2026 | ₹14,608.95 | Verified |
In Machilipatnam, Andhra Pradesh, as of 12 May 2026, gold prices remain stable across various purities. The 24-karat gold is valued at approximately ₹15,368.76 per gram, with no recent change in its rate. The 22-karat and 18-karat gold are priced at around ₹14,088.19 and ₹11,527.07 per gram, respectively. Gold prices in this region have experienced fluctuations over the past month, influenced by global market trends and local demand. Whether you're considering buying gold jewelry or investing in bullion, understanding current rates and market movements is essential. Local buyers should stay updated on these prices to make informed decisions, especially when dealing with high-value transactions. This snapshot provides a clear overview of the current gold market in Machilipatnam, helping residents and visitors alike to navigate their precious metal dealings confidently.
Market
Market pulse
Gold prices in Machilipatnam have shown relative stability as of 12 May 2026, with slight fluctuations over the past month. The current rates reflect steady demand both locally and globally. The 24-karat gold remains at ₹15,368.76 per gram, indicating a balanced market. Market trends suggest cautious optimism among investors, with prices holding steady despite global economic uncertainties. Local traders should monitor daily updates to capitalize on favorable buying opportunities or to gauge the best time for selling. Overall, the market remains resilient, offering reliable valuation for gold transactions in Andhra Pradesh.
Guide
Buyer playbook
When buying gold in Machilipatnam, start by verifying the current rates for the purity you desire, such as 24K, 22K, or 18K. Always check for authenticity by examining purity markings and certifications from reputable jewelers or dealers. Compare prices across multiple vendors to ensure you’re getting a fair deal, especially since rates can vary slightly between sellers. Consider the form of gold—jewelry, coins, or bars—and decide based on your investment or personal preference. Be aware of additional costs like making charges or taxes that might influence the final price. For secure transactions, opt for established shops with good reviews. Keep documentation of your purchase for future reference, especially if you plan to sell or trade later. Staying informed about current market trends and rates will help you make confident, practical decisions when buying gold in Machilipatnam.
Checklist
Local buying checklist
- Verify current rates.
- Check purity markings.
- Inspect for hallmarks and certifications.
- Compare prices from multiple vendors.
- Confirm additional charges like making fees.
- Obtain a purchase receipt or certification.
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FAQ
Frequently asked questions
What is the current price of 24K gold in Machilipatnam?
As of 12 May 2026, 24K gold is priced at approximately ₹15,368.76 per gram.
How do I verify the purity of gold in Andhra Pradesh?
Check for official hallmarks and certification marks on the gold, and buy from reputable vendors to ensure authenticity.
Are there additional costs when buying gold jewelry?
Yes, additional charges such as making fees, taxes, or wastage charges may apply. Always ask for a detailed bill.
Is it better to buy gold coins or jewelry in Machilipatnam?
It depends on your purpose. Coins are often preferred for investment, while jewelry is suitable for personal use. Consider purity and costs.
How often do gold prices change in Andhra Pradesh?
Gold prices fluctuate based on global market trends and local demand. Monitoring daily updates can help you stay informed.
Can I sell gold easily in Machilipatnam?
Yes, reputable jewelers and gold buyers in Machilipatnam typically purchase gold, provided it meets purity standards and is properly documented.