Gold Prices Plummet in Vijayawada: Significant Drop in 22K and 24K Rates

• Gold prices in Vijayawada have seen a significant decline, bringing relief to buyers after recent highs.
• 10 grams of 24-carat gold is now approximately ₹1,60,580, a drop of ₹8,620 from its previous price.
• 10 grams of 22-carat gold (jewelry gold) is approximately ₹1,47,200, down by ₹7,900.
• The decline is attributed to a sharp fall in international spot gold prices and a strengthening dollar index.
• Expectations of a reduced import duty on gold in the upcoming Union Budget 2026 and profit-booking by investors also contributed to the selling pressure.

Why It Matters: Gold prices in Vijayawada have significantly dropped across all purities due to global and domestic factors.