Visakhapatnam, June 5, 2025 — Gold prices in Visakhapatnam have witnessed a notable increase, with the price of 22-carat gold reaching ₹91,300 per 10 grams today. This marks a ₹400 rise from yesterday's rate of ₹90,900 per 10 grams. 

Similarly, 24-carat gold is priced at ₹95,870 per 10 grams, up by ₹420 from the previous day's rate of ₹95,450.

Factors Influencing the Price Surge

The recent uptick in gold prices can be attributed to several factors:

• International Market Trends: Fluctuations in global gold prices have a direct impact on local markets.

• Economic Indicators: Inflation rates and currency valuations influence investor behavior, often leading to increased demand for gold as a safe-haven asset.

• Seasonal Demand: The wedding season and upcoming festivals typically see a surge in gold purchases, driving up prices.

Implications for Consumers and Investors

The rising gold prices may affect consumer purchasing decisions, especially for those planning weddings or investments. Financial advisors suggest monitoring market trends and considering staggered purchases to mitigate the impact of price volatility.