Gold Price Today: Significant Drop in Gold and Silver Rates Across Major Indian Cities

Gold prices fluctuate daily, reflecting international market developments and consumer demand. Today, December 20, 2024, brings good news for gold and silver buyers as prices have sharply decreased. This decline comes after a slight drop in prices yesterday, benefiting consumers looking to invest in precious metals.

Gold and Silver Prices in Major Cities

According to data updated on various websites as of 6 am Friday, the latest rates are as follows:

Gold Prices

• Hyderabad:
  • 22-carat: ₹70,390 for 10 grams
  • 24-carat: ₹76,790 for 10 grams
• Visakhapatnam & Vijayawada:
  • 22-carat: ₹70,390
  • 24-carat: ₹76,790
• Delhi:
  • 22-carat: ₹70,540
  • 24-carat: ₹76,940
• Mumbai:
  • 22-carat: ₹70,390
  • 24-carat: ₹76,790
• Chennai:
  • 22-carat: ₹70,390
  • 24-carat: ₹76,790
• Bangalore:
  • 22-carat: ₹70,390
  • 24-carat: ₹76,790

Silver Prices

• Hyderabad: ₹97,900 per kilogram
• Visakhapatnam & Vijayawada: ₹97,900 per kilogram
• Delhi: ₹92,400 per kilogram
• Mumbai & Bangalore: ₹90,400 per kilogram
• Chennai: ₹97,900 per kilogram

Factors Influencing Gold and Silver Prices

Gold and silver rates are influenced by international market trends, currency exchange rates, and demand in the bullion market. A sharp drop like today’s is typically a result of favorable global economic factors, providing a great opportunity for investors.

How to Stay Updated

For the most accurate and real-time updates on gold and silver prices, you can give a missed call to 8955664433.

Why This Matters

Gold and silver remain important investment avenues for Indian households. Whether you’re buying jewelry or investing for the future, knowing the latest rates can help you make informed decisions.