Today Gold Rate per Gram in Vizag

Visakhapatnam, also popularly known as Vizag, is the largest city in Andhra Pradesh and one of the four cities of Andhra Pradesh selected under the Smart Cities Mission by the Government of India.

Lovingly called the ‘Jewel of the East Coast’, the city is the hub of economic activities in the state and is a major contributor to the country’s GDP. It boasts of the fifth-busiest cargo port in the country and premium educational institutions like the IIM. Visakhapatnam is also a popular tourist destination with beautiful beaches, ancient Buddha sites, and the stunning Eastern Ghats.

Visakhapatnam has several options where a person can buy and sell gold for cash.

Factors affecting gold price today in Visakhapatnam

Today gold rate in Vizag is affected by several domestic and international factors.
  1. Inflation: The demand for gold increases when there is an increase in inflation. When inflation is high, investors prefer to invest in gold over other financial instruments like stocks and currency. It results in high demand for gold in the retail market. The increased demand results in a higher price of gold for the customers.
  2. Government gold reserves: The Reserve Bank of India has a mandate for holding currency and gold reserves. When RBI starts holding more gold in its reserve, the supply of gold for retail customers decreases, and gold price increases in the market.
  3. Global movement: The change in the global price of gold affects the cost of importing gold to a country. When gold imports become costlier, the price of gold in the consumer market also increases.
  4. Seasonal demand: The demand for gold increases among retail consumers during festivals and the wedding season. Such an occasional rise in demand leads to a rise in gold prices in those periods.

How to sell gold for cash in Visakhapatnam

Muthoot Gold Point is the preferred name for gold sellers in Visakhapatnam and other cities across the country. Customers can sell their gold at Muthoot Gold Point using the following steps:
  • Visit the nearest Muthoot Gold Point branch and give the gold items for valuation.
  • The gold items are cleaned using ultrasonic machines.
  • Then the gold is weighed and valued using advanced XRF machines.
  • The customer can see the entire process of cleaning, weighing, and valuing the gold which ensures transparency.
  • Muthoot Gold Point values the gold as per the current gold price in Visakhapatnam.
  • The seller gets instant cash or fund transfer for his gold.
  • Visit the nearest branch of Muthoot Gold Point today to get the best value on your old gold.
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    The Muthoot Pappachan Group, with a reputation that has been shaped over decades with high quality practices, total customer satisfaction and steady growth, spanning decades in the field of business, is a legacy built on God-given values of trust, truth, transparency and tradition and has become one of the top business houses today by the grace of God.

    More then 4,200 Branches across India

    Over 4,200 Branches across India

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    133+ years of legacy

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    Over 24,000 employees serving millions of customer

    Walk in of over 1,00,000 Customers Per Day

    Walk in of over 1,00,000 customers per day

    My mother and I have sold some very old gold over the past few months to three different organizations. One was a branch of an old established famous Jeweller in Mumbai while two were only buyers of gold. Of these, our experience with Muthoot Gold Point has been by far the best. We were impress.. read more


    Vijay Sharma Testimonial on Muthoot Gold Point

    I wanted to sell some gold jewellery to pay for the construction of my house – my contractor had cheated us. I saw the MGP advertisement on a government bus and decided to meet them as I was in great need. My earlier experience of selling the gold had not been good. But, the salesperson at MGP sat.. read more


    I can never forget Muthoot Gold Point. If I had not come to know about MGP at the right time, I could have lost everything. In family and business, money is tight, when you need it the most. At these times, if there is a provision to sell your gold, plot of land, house and silver, then you can mee.. read more


    I was looking to pay the last year’s fee for my eldest son’s engineering college, I did not have enough money. My wife asked me to sell all our gold jewellery and coins we had collected over the years. I went to some local jewellers and was shocked – they offered less than half of the value of the.. read more

    Vijay Sharma

    Amar Singh Testimonial on Muthoot Gold Point

    When my father needed an emergency by-pass, I took all the jewellery and sold gold for cash, I had to MGP, straight away. I had dealt with them earlier also. The first time I took a loan was from them to set up my parlor four years ago. Luckily, i w.. read more


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      Muthoot Gold Point Branch Locations

      Visit Any of Our Branches to Sell Your Gold for Instant Cash

      • Bengaluru
      • Chennai
      • Coimbatore
      • Delhi
      • Ernakulam
      • Kolkata
      • Madurai
      • Mumbai
      • Noida
      • Trichy
      • Vijayawada
      • Pune
      • Hyderabad
      • Indore
      • Vizag


      Sell Gold for Cash in Bengaluru at Muthoot Gold Point

      No. 14, Sri Ramula Arcade, Jewellers Street, Near Commercial Street Police Station,
      Bengaluru - 560001, Tel: 804-2351234 & 9072031234


      Cash for Gold in Chennai at Muthoot Gold Point

      First Floor,Door No:214/9,Madley Road, Opp.T Nagar Bus Stand,
      T Nagar, Chennai, Tamil Nadu- 600017, Tel: +9144- 24366336


      Cash for Gold in Coimbatore at Muthoot Gold Point

      Ground Floor, Door No 323, NTR Complex, Raja Street,
      Coimbatore, Tamil Nadu 641001. Tel: +91422 2381234


      Sell Gold for Cash in Madurai at Muthoot Gold Point

      Ground Floor, Door No.27 A, Thottian Kinatru Street,
      Opposite Maravar Chavadi Pillaiyar Kovil Madurai Tamil Nadu 625001 India Phone: 0452-2350500


      Sell Gold for Cash in Mumbai at Muthoot Gold Point

      To schedule a visit at your doorstep, please call us on given phone numbers -

      Phone: 7356534111/7034431122


      Sell Gold for Cash in Noida at Muthoot Gold Point

      Ground Floor, Plot No. 21, Block F, Sector 18 Gautam Budh Nagar Noida, Uttar Pradesh 201303

      Phone: 0120 429 6661


      Sell Gold in Trichy at Muthoot Gold Point

      1st Floor, Old No.25, New No.5 Opposite Axis bank Rock Fort Branch,
      Chinnakadai Street Trichy Tamil Nadu 620002 India Phone: 0431-2702200


      Cash for Gold in Delhi at Muthoot Gold Point

      Ground Floor, Shop No.5, Plot No – 2652/53,Stuti Building, Bank Street,
      Karol Bagh, Delhi 110005 Tel: +91 11 45539686


      Sell Gold for Cash in Kolkata at Muthoot Gold Point

      Ground floor, 43 Ashutosh Mukherjee Road, Bhowanipur, Kolkata-700025,
      Near Netaji Bhavan Metro Station. Tel: +91-33-24868222, E-mail:


      Sell Gold in Vijayawada at Muthoot Gold Point

      Ground floor, Door No–27-14-59, Rajagopalachari Street ( East), Governorpet,
      Vijayawada – 520002, Andhra Pradesh. Tel: 0866-2973535


      Sell Gold in Ernakulam at Muthoot Gold Point

      Door No. 66/5410, First Floor, AVS , Building, M.G.Road, Near metro pillar no. 662
      Ernakulam Kerala 682035 India Phone: 0484 4862677 Email:


      Sell Gold in Pune at Muthoot Gold Point

      Muthoot Gold Point 351 Narayan Peth, Near Vijay Talkies, Laxmi Road Pune 411030
      Contact Number : Mobile 9072001375 / Landline : 020-24480688 Email:


      Sell Gold in Hyderabad at Muthoot Gold Point

      Muthoot Gold Point, Door No. 5-1-64/7, 1st Floor, Near Metro Pillar no. A 825, Opp Kukatpally
      Police Station, Kukatpally - Hyderabad 500072, Telangana
      Contact Number : Mobile 9072001374 / Landline : 040-23060504 Email:


      Sell Gold in Indore at Muthoot Gold Point

      UG – 4/15, Bansi Trade Centre, Roshan Singh Bhandari Marg, MG Road, Indore – 452001.
      Contact Number : Mobile 9072002088 / Landline : 0731-3500113 Email:


      Sell Gold in Vizag at Muthoot Gold Point

      Muthoot Gold Point, Ground Floor, Door no. 47-15-4, Gurbang Complex, OPP: Gupta Bro’s (Books), Diamond Park Road,
      Dwarkanagar, Visakhapatnam-530016.
      Contact Number : Mobile 9072002093 / Landline : 0891 -2552093 Email: