Gold prices in Visakhapatnam witnessed notable fluctuations over the past two days, reflecting ongoing market volatility driven by global trends and investor sentiment.

On May 15, the price of 10 grams of 22-carat gold dropped to ₹87,200, giving some temporary relief to buyers and sparking a surge in jewelry store footfall across the city. However, the downward trend did not last long.

By May 16, prices surged once again, with traders and analysts attributing the rise to international gold demand, currency exchange dynamics, and market speculation ahead of expected central bank policy updates.

Local jewellers in Visakhapatnam confirmed that customer interest remained high despite the price volatility. Many opted to make purchases during the dip, while others chose to wait in anticipation of further corrections.

Experts caution that such rapid changes in gold rates are becoming more frequent due to global uncertainties, including geopolitical tensions, fluctuating interest rates, and currency market shifts.

Investors and buyers are advised to stay updated on price movements and consult with certified dealers or financial advisors before making large transactions.