Business Archives - Vizag One https://www.vizagone.com/business/ Visakhapatnam - City of Destiny Sat, 21 Dec 2024 01:23:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://www.vizagone.com/wp-content/uploads/2023/11/cropped-vizagone-logo-500x500-jpg-32x32.jpg Business Archives - Vizag One https://www.vizagone.com/business/ 32 32 Gold Price Today: Significant Drop in Gold and Silver Rates Across Major Indian Cities https://www.vizagone.com/business/gold-price-today-significant-drop-in-gold-and-silver-rates-across-major-indian-cities/ https://www.vizagone.com/business/gold-price-today-significant-drop-in-gold-and-silver-rates-across-major-indian-cities/#respond Sat, 21 Dec 2024 01:23:07 +0000 https://www.vizagone.com/?p=37365 Gold and silver prices have sharply dropped today, December 20, 2024. Check the latest rates across major cities in India and explore this golden opportunity for investment.

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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.

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Gold Prices See a Slight Increase After Recent Drop: Current Rates in Hyderabad https://www.vizagone.com/business/gold-prices-see-a-slight-increase-after-recent-drop-current-rates-in-hyderabad/ https://www.vizagone.com/business/gold-prices-see-a-slight-increase-after-recent-drop-current-rates-in-hyderabad/#respond Thu, 28 Nov 2024 01:52:34 +0000 https://www.vizagone.com/?p=37278 Gold prices have seen a slight increase after a recent decline. In the last two days, the price of 24 carat gold has risen by approximately Rs. 280. Factors such as global market fluctuations, Fed interest rates, and inflation are influencing the prices. Let’s take a look at the latest gold rates in Hyderabad and across India.

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Gold Prices Rise Slightly After Recent Decline
Gold prices, which had been on a downward trend recently, have seen a slight increase once again. In the past two days, the price of 24-carat gold has risen by approximately Rs. 280. Despite the fluctuations in gold prices due to various factors, such as negative signals from the global market, international gold reserves, Fed interest rates, and inflation, the rates have shown an uptick.

This fluctuation in gold prices has left many potential buyers wondering whether now is the right time to make a purchase. It is advisable to keep an eye on these trends before buying.

Gold Price in Hyderabad

As of the latest data, the price of 10 grams of 24-carat gold in Hyderabad stands at Rs. 77,670. The 22-carat gold price is slightly lower, at Rs. 71,210 per 10 grams.

In other major cities such as Kolkata, Chennai, Bangalore, Mumbai, and Kerala, the price of 22-carat gold is Rs. 71,060, while 24-carat gold is priced at Rs. 77,520 per 10 grams.

Silver Prices Decline

While gold prices have gone up, silver has seen a downward trend in recent days. In the past four days, silver prices dropped by about Rs. 2600, with a further reduction of Rs. 100 on the current day. As of the latest update, the price of one kilogram of silver is:

  • Rs. 89,400 in Delhi, Kolkata, Bangalore, and Mumbai.
  • Rs. 97,800 in Hyderabad, Visakhapatnam, and Vijayawada.
  • Rs. 97,900 in Kerala and Chennai.

What to Keep in Mind Before Buying Gold

It is important to stay updated on the current market prices before making any gold purchases, as fluctuations can happen frequently. For the most accurate and timely updates on gold prices, you can check the latest rates or give a missed call to 8955664433 for real-time price information.

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How to Update Your Aadhaar Card: Free Update Service Available Until December 14 https://www.vizagone.com/business/how-to-update-your-aadhaar-card-free-update-service-available-until-december-14/ https://www.vizagone.com/business/how-to-update-your-aadhaar-card-free-update-service-available-until-december-14/#respond Thu, 28 Nov 2024 01:07:20 +0000 https://www.vizagone.com/?p=37251 Aadhaar card updates are essential for all citizens every ten years. Learn how to update your Aadhaar online before the deadline and take advantage of the free service offered by the government.

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Aadhaar is an essential identity document for all citizens of India. The 12-digit Aadhaar number serves as proof of identity and contains critical biometric information such as fingerprints, iris scans, and address details. It is required for availing government schemes, conducting financial transactions, and performing a variety of routine tasks. However, many people neglect to update their Aadhaar card after receiving it.

Why Updating Your Aadhaar Card is Important

It’s crucial to remember that the Unique Identification Authority of India (UIDAI) mandates that Aadhaar card holders must update their details every ten years. This rule applies to everyone, whether you’ve moved to a different location for work or business or are still residing in your hometown.

Here are some key reasons for updating your Aadhaar:

  • Changed Address: If you have moved to a new place, you must update your address.
  • Correct Information: If the information on your Aadhaar card is outdated or inaccurate, you must correct it.
  • Identity Security: Regular updates ensure the authenticity and accuracy of your data, reducing the risk of fraud.

Government Announcement: Free Update Service

UIDAI has announced that Aadhaar card holders who have not updated their Aadhaar in the last ten years must do so immediately. To encourage updates, the government is providing a free update service available only on the MyAadhaar portal. This free service will be available until December 14, 2024. After this date, Aadhaar updates will be charged according to the prescribed fees.

How to Update Your Aadhaar Card Online

Updating your Aadhaar card is simple and can be done online through the MyAadhaar portal. Here’s a step-by-step guide on how to update your Aadhaar:

  1. Visit the MyAadhaar Portal: Go to the official MyAadhaar portal (https://myaadhaar.uidai.gov.in).
  2. Login: Click the Login button. Enter your Aadhaar number and the captcha code displayed on the screen.
  3. OTP Verification: After entering the required details, click on Send OTP. You will receive an OTP (One-Time Password) on the mobile number linked to your Aadhaar. Enter the OTP to proceed.
  4. Document Update: Click on the Document Update option. Carefully read the rules and instructions provided. Tick the checkbox to confirm that your details are correct.
  5. Submit Documents: Upload the necessary documents and proofs as required. This may include your new address proof, identity proof, and other relevant documents.
  6. Receive Service Request Number (SRN): After submitting the required documents, you will receive a Service Request Number (SRN) on your email. You can use this number to track the status of your Aadhaar update.

Why You Should Update Your Aadhaar

Updating your Aadhaar ensures that your personal information is correct and up-to-date. This will help prevent issues such as:

  • Inaccurate address or name details when applying for government schemes.
  • Problems with financial transactions, like bank accounts or loans, where Aadhaar verification is required.
  • Security risks due to outdated or incorrect biometric information.

Conclusion

Don’t wait until the last minute—take advantage of the free Aadhaar update service before the December 14, 2024 deadline. Updating your Aadhaar ensures your information is accurate, which is critical for smooth functioning in various government and financial services.

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Gold Prices Fall Sharply for Three Consecutive Days: Golden News for Buyers! https://www.vizagone.com/business/gold-prices-fall-sharply-for-three-consecutive-days-golden-news-for-buyers/ https://www.vizagone.com/business/gold-prices-fall-sharply-for-three-consecutive-days-golden-news-for-buyers/#respond Wed, 27 Nov 2024 02:11:01 +0000 https://www.vizagone.com/?p=37120 Gold prices have been on a steady decline for the last three days, much to the delight of gold enthusiasts. With a reduction in prices across major cities, including Hyderabad, this could be a golden opportunity for those looking to invest.

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Gold prices have witnessed a significant drop over the past few days, marking a decline for three consecutive days. This comes as a welcome news for gold lovers and potential buyers who have been waiting for a favorable time to purchase gold.

After hitting all-time high records, the gold rates have been on a downward trajectory. On the latest price updates, 24-carat gold has fallen by approximately Rs. 2,410 per 10 grams. Compared to the previous day’s prices, there has also been a slight decrease in the cost of gold, making it an attractive time for gold buyers. Meanwhile, silver prices have also dropped by Rs. 2,600 over the past three days.

Gold Prices in Hyderabad and Major Cities:

  • Hyderabad:
    • 24-carat gold: Rs. 77,230 per 10 grams
    • 22-carat gold: Rs. 70,790 per 10 grams
    • Silver: Rs. 97,900 per kg
  • Delhi:
    • 24-carat gold: Rs. 77,380 per 10 grams
    • 22-carat gold: Rs. 70,940 per 10 grams
  • Mumbai, Kolkata, Bangalore, Chennai:
    • 24-carat gold: Rs. 77,230 per 10 grams
    • 22-carat gold: Rs. 70,790 per 10 grams

These prices were recorded early on Wednesday morning, so it’s always wise to check the current prices before making any purchases.

How to Check Latest Gold Prices:

To stay updated on the latest gold prices, you can simply give a missed call to 8955664433. It’s always best to keep track of fluctuations in gold prices, as they can change frequently based on market trends.

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India’s Domestic Aviation Soars: Passenger Traffic and Airline Mergers Reshape the Industry https://www.vizagone.com/business/indias-domestic-aviation-soars-passenger-traffic-and-airline-mergers-reshape-the-industry/ https://www.vizagone.com/business/indias-domestic-aviation-soars-passenger-traffic-and-airline-mergers-reshape-the-industry/#respond Tue, 26 Nov 2024 23:59:42 +0000 https://www.vizagone.com/?p=37003 India’s domestic aviation sector is witnessing remarkable growth, with passenger traffic surging by 5.3% in October 2024 compared to the previous year. As changing lifestyles drive the demand for air travel, airlines like IndiGo, Air India, and Vistara are reshaping the skies with significant market shares and strategic mergers.

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For many Indians, air travel remains a cherished dream, representing speed, convenience, and a touch of luxury. This dream is becoming a reality for millions, driven by evolving lifestyles and a growing preference for flying. India’s domestic aviation industry is expanding at a robust pace, as evidenced by the latest data from the Directorate General of Civil Aviation (DGCA).

According to DGCA’s October 2024 report, domestic air passenger traffic increased by 5.3%, with 1.36 crore passengers flying across the country. This growth highlights the rising aspirations of common citizens and their increasing reliance on air travel for convenience and connectivity.

IndiGo’s Dominance Continues

IndiGo, the country’s largest airline, carried 86.40 lakh passengers in October 2024, achieving a market share of 63.3%. This dominance underlines IndiGo’s ability to provide efficient services and wide network coverage, making it the preferred choice for many travelers.

Tata Group’s Transformative Mergers

Air India and Vistara have also played a significant role in the domestic aviation sector. In October, Air India and its subsidiary AIX Connect merged with Air India Express, forming the airline’s low-cost arm. Similarly, on November 12, Vistara, previously a joint venture between Tata Sons and Singapore Airlines, merged into Air India, creating a stronger, unified full-service carrier.

Combined, Air India (including Air India Express) and Vistara accounted for 28.5% of domestic passenger traffic in October 2024. The consolidated Tata Group airlines are now poised to provide both luxury and budget-friendly options to Indian flyers.

Performance of Other Airlines

Other airlines also contributed to the sector’s growth.

  • SpiceJet: 3.35 lakh passengers, securing 2.4% of the market share.
  • Akash Air: 6.16 lakh passengers, with a 5.4% market share.

On-Time Performance

Major airports like Delhi, Mumbai, Bangalore, and Hyderabad recorded the highest on-time performance at 71.9%, ensuring smoother experiences for passengers.

India’s aviation industry is not just about numbers but also about evolving strategies and meeting passenger demands. The rising domestic air traffic, coupled with significant airline mergers, reflects a transformative phase for the sector, bringing air travel closer to the common man’s reach.

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Paytm’s New UPI Lite Feature: Pay Without PIN and Auto Top-Up for Easy Payments https://www.vizagone.com/business/paytms-new-upi-lite-feature-pay-without-pin-and-auto-top-up-for-easy-payments/ https://www.vizagone.com/business/paytms-new-upi-lite-feature-pay-without-pin-and-auto-top-up-for-easy-payments/#respond Tue, 26 Nov 2024 02:21:43 +0000 https://www.vizagone.com/?p=36997 Paytm's UPI Lite feature introduces a game-changing option to make payments of up to ₹500 without needing to enter a PIN. With the new auto top-up feature, users can recharge their UPI Lite balance automatically, streamlining the payment process.

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Paytm’s New UPI Lite Feature: Pay Without PIN and Auto Top-Up for Easy Payments

Paytm, one of India’s most popular digital payment platforms, has introduced a new feature that allows users to make UPI payments without entering a PIN. This feature, called “UPI Lite Auto Top-Up,” is designed to make transactions faster and more convenient. If you’re a Paytm user, this update is bound to change the way you handle online payments.


How Does Paytm UPI Lite Work?

Unified Payment Interface (UPI) has revolutionized digital payments in India, allowing seamless transactions across various platforms. Paytm, being one of the leading platforms, has now added an exciting feature called UPI Lite Auto Top-Up. This new feature allows users to recharge their UPI Lite balance automatically without having to manually add funds each time.


PINless Payments for Transactions up to ₹500

One of the most significant advantages of the Paytm UPI Lite feature is that users can make UPI payments up to ₹500 without entering a PIN. This makes the process faster and more user-friendly, especially for smaller transactions. Once you’ve set your recharge limit, Paytm will automatically top up your balance as needed, so you don’t have to worry about manually adding money each time.


How Does the Auto Top-Up Feature Work?

Paytm UPI Lite users can set a fixed amount for the auto top-up feature. When the balance in your UPI Lite account is reduced, money will be automatically added from your linked bank account. This process happens without any intervention, so users don’t need to manually recharge their accounts. The top-up feature ensures that you can make quick payments without interruptions.


Limitations to Keep in Mind

While the convenience of auto top-up is a major plus, there are a few limitations. UPI Lite users can top up their accounts automatically up to ₹2,000 per day. Additionally, you can deposit money into your UPI Lite account only five times a day. Despite these limitations, the feature offers a hassle-free payment experience for those who make frequent smaller payments.


Benefits of UPI Lite Auto Top-Up

  1. Seamless Transactions: Pay up to ₹500 without entering a PIN for quicker transactions.
  2. Automatic Balance Recharge: Set your limit and let the system top up your balance automatically.
  3. Enhanced Convenience: Spend up to ₹2,000 per day with minimal effort, saving time and avoiding manual recharges.
  4. Five Deposits Per Day: You can recharge your UPI Lite balance five times a day, ensuring flexibility for frequent users.

Conclusion

Paytm’s UPI Lite Auto Top-Up feature is a welcome addition for users looking to simplify their payment process. By eliminating the need to manually add funds or enter a PIN for small transactions, Paytm is making digital payments more efficient than ever. Whether you’re making quick payments for shopping, food delivery, or utility bills, this feature is designed to save you time and effort.

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Government Directives for EPF Account Management: How UAN Activation Simplifies Employee Benefits https://www.vizagone.com/business/government-directives-for-epf-account-management-how-uan-activation-simplifies-employee-benefits/ https://www.vizagone.com/business/government-directives-for-epf-account-management-how-uan-activation-simplifies-employee-benefits/#respond Tue, 26 Nov 2024 01:56:44 +0000 https://www.vizagone.com/?p=36985 The government has issued new directives for the management of Provident Fund (EPF) accounts. UAN activation through Aadhaar OTP is now mandatory for all account holders, enhancing the ease of managing and accessing EPF benefits. Here’s how this change will help employees.

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Provident Fund (EPF) Scheme Overview
The Employees Provident Fund (EPF) scheme is a vital savings initiative aimed at securing the future of employees and workers. Under this scheme, a portion of an employee’s salary is contributed monthly towards the fund. Additionally, the employer also contributes to this fund. The accumulated amount is paid out to employees in a lump sum after their retirement. EPF customers also receive monthly pensions, which are managed by the Employees Provident Fund Organization (EPFO).


Key Government Directives for EPF Account Management
In recent developments, the central government has issued new directives to streamline the management of EPF accounts, ensuring smoother transactions and better benefits for employees. One of the key directives is the mandatory activation of Universal Account Numbers (UANs) through the Aadhaar OTP system.

These steps are in line with the implementation of the Employment Linked Incentive (ELI) scheme, which was announced in the Union Budget 2024-25. The government has tasked EPFO with ensuring effective implementation of these measures, with the support of zonal and regional EPFO offices.


Benefits of UAN Activation for Employees
Activating your UAN provides employees with greater control over their Provident Fund (PF) accounts. Here’s how:

  1. Ease of Account Management: Employees can easily access their passbook, download it, and track their contributions and balance.
  2. Claiming Benefits: The UAN activation simplifies processes like claiming cash withdrawals and transferring funds.
  3. Updating Personal Information: Employees can update their personal details online without visiting the PF office.
  4. Faster Transactions: It reduces the need for physical visits to PF offices for various tasks, saving time and effort.

By linking the UAN with Aadhaar, employees will also ensure that they can easily avail of other government schemes, thanks to Aadhaar-based biometric authentication.


Deadline for UAN Activation
According to the central government’s directive, all new employees must have their UAN activated via Aadhaar OTP by November 30 this year. After this date, all other employees must complete the process. This move is expected to simplify future transactions and enhance the overall experience for EPF subscribers.


What is UAN and Why is it Important?
The Universal Account Number (UAN) is a unique 12-digit number assigned to each PF subscriber. It serves as a primary identification for the employee in the EPF system. This number does not change, even if the employee switches jobs, making it easier for them to transfer their PF balance or claim benefits from previous employers.

Through UAN, employees can efficiently manage all their EPF transactions, irrespective of the company they work for. This number is essential for accessing and managing your Provident Fund benefits at any stage of your career.

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Patanjali Sees Record Profits: Baba Ramdev’s Company Posts Impressive Growth in FY 2023-24 https://www.vizagone.com/business/patanjali-sees-record-profits-baba-ramdevs-company-posts-impressive-growth-in-fy-2023-24/ https://www.vizagone.com/business/patanjali-sees-record-profits-baba-ramdevs-company-posts-impressive-growth-in-fy-2023-24/#respond Tue, 26 Nov 2024 01:43:02 +0000 https://www.vizagone.com/?p=36976 Baba Ramdev's Patanjali Ayurved has seen remarkable growth, with revenues surging by over 23% in the last financial year. After facing significant losses in 2022, the company has turned around, posting bumper profits and a revenue increase that includes earnings from its food business and other units.

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Patanjali’s Financial Turnaround
Patanjali Ayurved, led by Baba Ramdev, has made an impressive recovery in the last financial year. After facing significant losses in the previous years, the company now reports bumper profits, highlighting a major turnaround. For the financial year 2023-24, Patanjali Ayurved’s total revenue surged by 23.15%, reaching a staggering Rs. 9,335.32 crore. This includes proceeds from the Offer for Sale (OFS) of Patanjali Foods (formerly known as Ruchi Soya) and other units of the company, marking a substantial rise in its financial performance.

According to a filing with the Registrar of Companies, Patanjali’s remarkable performance comes on the heels of its strategic restructuring and business expansion across multiple segments.


How Patanjali’s Revenue Increased
In 2023-24, Patanjali Ayurved, along with Patanjali Foods, saw a significant uptick in revenue. In the previous year (FY 2022-23), Patanjali Foods had reported a revenue of Rs. 2,875 crores, contributing substantially to the growth in the current financial year. The boost in earnings from its diverse product portfolio, including food, wellness, and healthcare items, helped the company rebound after previous losses.

This turnaround has been largely attributed to the growth in its food business, including popular items such as biscuits, ghee, cereals, and nutraceuticals. The move to spin off Patanjali Foods into a separate entity has also allowed for more focused growth and profit maximization.


Patanjali’s Profit Surge
In FY 2022-23, Patanjali Ayurved faced challenges, with a 14.25% decline in revenue, falling to Rs. 6,460.03 crore. The food business was transferred to Patanjali Foods in July 2022, which impacted the revenue temporarily. However, the company has made a strong recovery, reporting a five-fold increase in profits, with a total profit of Rs. 2,901.10 crore in FY 2023-24.

In contrast, the previous year, Patanjali reported a much lower profit of Rs. 578.44 crore. This massive improvement is seen as a sign of Patanjali’s resilience and ability to navigate market challenges.


The Road Ahead for Patanjali
Patanjali Ayurved, now seeing rapid growth, is looking forward to further expansion in the wellness and consumer goods markets. With its strong brand recognition, diverse product range, and strategic market positioning, the company is expected to continue on its growth trajectory.

As the company continues to expand its offerings, particularly in the food sector, it is expected to increase its dominance in the market. The success of Patanjali Foods and the company’s ability to turn around its financial situation within a year highlights the effectiveness of Baba Ramdev’s leadership and the business acumen of the company.

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Gold and Silver Prices Today: Fluctuations Continue Amid Wedding Season Rush https://www.vizagone.com/business/gold-and-silver-prices-today-fluctuations-continue-amid-wedding-season-rush/ https://www.vizagone.com/business/gold-and-silver-prices-today-fluctuations-continue-amid-wedding-season-rush/#respond Tue, 26 Nov 2024 01:00:21 +0000 https://www.vizagone.com/?p=36955 Gold and silver prices are fluctuating, with a noticeable drop in 22-carat gold today. Let's take a look at the prices in major cities across India and see how silver is performing as well.

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Gold and Silver Prices Today: A Drop Amid the Wedding Season

Gold and silver prices are seeing fluctuations during the ongoing wedding season, providing some relief to buyers. As of today, the price of 22-carat gold has dropped significantly in India, continuing a trend of unpredictable price movements.

Gold Prices See a Dip
On November 26, Tuesday, there was a notable decrease in the price of gold in the domestic market. Compared to the previous day, the price has dropped by over Rs. 1,000. Yesterday, the price of 10 grams of 22-carat gold was Rs. 79,630, but today, it is priced at Rs. 78,540, marking a fall of more than a thousand rupees. As of 6 AM today, the price of 22-carat 10 grams of gold was Rs. 71,990, while 24-carat gold for the same quantity was priced at Rs. 78,540. However, these prices are subject to fluctuation throughout the day.

Gold Prices in Key Cities

  • Delhi: 22-carat 10 gm gold is priced at Rs. 72,140, and 24-carat gold stands at Rs. 78,690.
  • Mumbai: 22-carat gold for 10 grams costs Rs. 72,990, while 24-carat is at Rs. 78,540.
  • Hyderabad: Prices are similar to Mumbai, with 22-carat gold at Rs. 72,990 and 24-carat at Rs. 78,540.
  • Vijayawada: 22-carat 10 gm gold is priced at Rs. 72,990, and 24-carat gold is at Rs. 78,540.
  • Chennai: Both 22-carat and 24-carat gold for 10 grams are priced at Rs. 72,990 and Rs. 78,540, respectively.
  • Bengaluru: Gold prices remain at Rs. 72,990 for 22-carat and Rs. 78,540 for 24-carat.
  • Kolkata: 22-carat 10 gm gold is Rs. 72,990, and 24-carat is at Rs. 78,540.
  • Kerala: Prices in Kerala match those in other cities, with 22-carat gold at Rs. 72,990 and 24-carat at Rs. 78,540.

Silver Prices Remain Steady
The price of silver has seen a slight decrease as well, with the current price standing at Rs. 91,400 per kg. This minor dip may be considered by some as an opportunity for those looking to buy silver at a slightly lower rate.

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Complete List of Bank Holidays in December 2024: Plan Ahead for the Festive Month https://www.vizagone.com/business/complete-list-of-bank-holidays-in-december-2024-plan-ahead-for-the-festive-month/ https://www.vizagone.com/business/complete-list-of-bank-holidays-in-december-2024-plan-ahead-for-the-festive-month/#respond Mon, 25 Nov 2024 02:11:24 +0000 https://www.vizagone.com/?p=36866 December brings several bank holidays across India, including nationwide observances and state-specific closures. With a total of 17 days off, it’s important for customers to know when the banks will be closed, especially as the year ends. Read on for the full list of holidays and plan your banking activities accordingly.

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As December approaches, it’s essential to know when banks will be closed so you can plan your banking tasks in advance. The Reserve Bank of India (RBI) releases a list of bank holidays every month, and December 2024 is no exception. While there may not be any major national festivals this month, several special observances and state-specific holidays mean that banks will be closed for a total of 17 days in December. This includes the second and fourth Saturdays, as well as Sundays, along with various public holidays.

It’s also important to note that the bank holidays mentioned below may vary across different states due to regional festivals or local observances. Therefore, it’s advisable to check the specific dates for your region.

List of Bank Holidays in December 2024

  • Sunday, December 1 – World AIDS Day: A bank holiday across the country.
  • Tuesday, December 3 – St. Francis Xavier Day: A bank holiday in Goa.
  • Sunday, December 8 – Holiday weekend: Banks will be closed.
  • Tuesday, December 10 – Human Rights Day: A national holiday, so banks will be closed across India.
  • Wednesday, December 11 – UNICEF Birthday: A nationwide bank holiday.
  • Saturday, December 14 – Second Saturday: Banks will be closed as part of the regular monthly holiday schedule.
  • Sunday, December 15 – General Holiday: Banks closed across the country.
  • Wednesday, December 18 – Guru Ghasidas Jayanti: A holiday in Chandigarh, so banks will be closed there.
  • Thursday, December 19 – Goa Liberation Day: Banks will be closed in Goa.
  • Sunday, December 22 – Weekly holiday: Banks across the country will be closed.
  • Tuesday, December 24 – Guru Tegh Bahadur Martyrdom Day (Christmas Eve): A holiday in Mizoram, Meghalaya, Punjab, and Chandigarh.
  • Wednesday, December 25 – Christmas Day: All banks will be closed.
  • Thursday, December 26 – Boxing Day / Kwanzaa: A bank holiday nationwide.
  • Saturday, December 28 – Fourth Saturday: Banks will be closed as part of the regular monthly schedule.
  • Sunday, December 29 – Weekly holiday: A standard weekly closure for all banks.
  • Monday, December 30 – Tamu Losar: A bank holiday in the state of Sikkim.
  • Tuesday, December 31 – New Year’s Eve: Banks will be closed in Mizoram.

Planning Your Banking Activities

With 17 days of bank closures in December, it’s important to plan your banking activities in advance. Whether you’re preparing for year-end transactions, setting up payments, or simply needing assistance from your local branch, knowing the exact dates of holidays will help you avoid delays.

Remember that some holidays are specific to states, so the dates listed here may not apply to your region. For example, while Christmas is a national holiday, Guru Tegh Bahadur Martyrdom Day and Goa Liberation Day are observed only in specific states.

Conclusion

While December may not be as packed with festivals as other months, the numerous bank holidays provide ample time for rest and reflection as the year winds down. Keep this list handy, so you’re not caught off guard by a closed bank during this busy time of year.

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