As festivals like Dussehra approach, many shoppers look to purchase gold, an integral part of celebrations, particularly for women. This time, there’s good news for those planning to buy gold or silver: prices have seen a decline after a period of stability. This brings some relief to both men and women eager to buy gold for auspicious occasions.
Gold prices, which had been stable for the past two days, experienced a drop on Monday. This change is particularly relevant for the Telugu states of Hyderabad, Vijayawada, and Visakhapatnam, where gold is highly sought after during festivals. In Hyderabad, the price of 24-carat gold dropped by Rs. 10 to Rs. 77,660 per 10 grams, while 22-carat gold now costs Rs. 71,190 for the same weight. Vijayawada and Visakhapatnam are seeing similar prices.
In other major cities, the gold price varies slightly. In Delhi, 24-carat gold is priced at Rs. 77,810 for 10 grams, while 22-carat gold costs Rs. 71,340. In Mumbai, the price of 24-carat gold is Rs. 77,660, and 22-carat gold remains at Rs. 71,190 for 10 grams.
Silver, another popular metal for purchases during festive seasons, is following gold’s trend. After a recent increase of Rs. 2,000 per kg, silver prices have now dropped slightly. On Monday, silver decreased by Rs. 100 and settled at Rs. 96,900 per kg in cities like Mumbai, Delhi, Kolkata, and Pune. In Hyderabad, Kerala, Chennai, Vijayawada, and Visakhapatnam, silver is priced higher, at Rs. 1,02,900 per kg, while Bangalore offers silver at Rs. 91,900 per kg.
With the recent dip in gold and silver prices, this may be an ideal time for consumers to make purchases ahead of the festive season.
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