The escalation of political tensions between the Middle East and U.S played a role in Gold touching its highest on 8 January at Rs.4,125 per gram. The price of gold was impacted due to the trade tensions between U.S and China. The price of gold in Andhra Pradesh opened at Rs.3,922 and closed at Rs.4,074 on the last day of the month of January.Quarterly Gold Rate in Andhra Pradesh from January 2020 to March 2020: Gold Rate Trend in Andhra Pradesh for January 2020 to March 2020 (per gram of 24 karat gold) The increase in the number of coronavirus cases and the stimulus measures that were introduced ensured that the prices increased. In June, the prices of gold saw an incline of 3.05%.Gold saw its prices increase by 4.88% in May. The tensions between China and the US was the main reason for the prices to increase. In the month of May, the prices of gold opened and closed at Rs.4,670 per gram and Rs.4,898 per gram, respectively.On 30 April, the price of gold was at Rs.4,720 for a gram, seeing a 13.73% incline over the course of the month. The coronavirus outbreak across the world was the main reason for the prices to increase. This was the lowest rate that the yellow metal hit for the month. Over the next 5 days, gold rates remained the same. On 1 April 2020, the price of gold in Andhra Pradesh was at Rs.4,150 for a gram.Quarterly Gold Rate in Andhra Pradesh from April to June: Rs.4,150 per gram from 1 April to 5 April Gold Rate Trend in Andhra Pradesh for July 2020 to September 2020 (per gram of 24 karat gold) The lowest price for the month was in the first day itself at Rs.4,877 per gram on 1 December while the highest price was by the third week of the month at Rs.5,138 per gram on 21 December. The month started off with the yellow metal priced at Rs.4,877 per gram for 24 karat and ended the month at Rs.5,096 per gram. Gold prices in December in the state fared better than in the previous two months with an incline of 4.49% in prices.The trend in gold prices in the state was that of a decline with a percentage change of –0.96%. The highest price was Rs.5,302 per gram on 10 November while the lowest price was Rs.4,876 per gram on the last day of the month. In November, the rate of gold in Andhra Pradesh for 24 karat on the first day of the month was Rs.5,194 per gram which dipped to Rs.4,876 per gram by the end of the month.
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The highest price was on 12 October at Rs.5,326 per gram while the lowest price was Rs.5,096 per gram on 21 October. This was an overall decline in the trend of prices with a percentage change of –1.53%. Gold prices in Andhra Pradesh in the month of October started at Rs.5,274 per gram for 24 karat and ended at Rs.5,193 per gram.Quarterly Gold Rate in Andhra Pradesh from October 2020 to December 2020: Gold Rate Trend in Andhra Pradesh for October 2020 to December 2020 (per gram of 24 karat gold) Gold Rate Trend in Andhra Pradesh for January 2021 to March 2021 (per gram of 24 karat gold)
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The highest and lowest rates that the yellow metal hit for the month were Rs.4,697 per gram and Rs.4,511 per gram.