Visakhapatnam, Andhra Pradesh – Gold prices in Visakhapatnam experienced a notable increase on January 2, 2025, reflecting a broader upward trend in the precious metals market.

Current Gold Prices:

• 22-Carat Gold: Priced at ₹71,800 per 10 grams, marking an increase of ₹300 from the previous day.
• 24-Carat Gold: Trading at ₹78,330 per 10 grams, up by ₹330.

These figures indicate a positive movement in gold prices, aligning with global market trends.

Internationally, gold prices have been on the rise, with spot gold increasing by 0.39% to $2,634.15 per ounce. This surge is attributed to factors such as the U.S. Federal Reserve's interest rate policies and geopolitical tensions. The dollar index's slight decline has also made gold more affordable for non-dollar holders, contributing to its price increase.

Silver prices have also seen a rise, with the current rate at ₹99,600 per kilogram in Visakhapatnam. This reflects a broader trend in precious metals, influenced by similar global economic factors.

Analysts predict that gold will remain bullish in 2025, driven by geopolitical risks and expectations of rising government debt. However, potential challenges include slower Federal Reserve rate cuts and U.S. dollar strength. The market is closely monitoring upcoming U.S. economic data and policy decisions, which could further influence gold prices.

The surge in gold prices in Visakhapatnam on January 2, 2025, mirrors global market trends influenced by economic policies and geopolitical events. Investors and consumers are advised to stay informed about these developments, as they can significantly impact precious metal prices.