The gold prices in India have been experiencing fluctuations since the recent Budget announcements. The once rapidly rising prices of gold and silver have now slowed down, creating uncertainty in the market. In Indian culture, gold holds significant value, especially among women, symbolizing wealth and prosperity.
On a day-to-day basis, the gold prices see unpredictable shifts, with sudden increases followed by unexpected drops. This trend was evident on Sunday, September 8, when the Indian bullion market witnessed a decline in gold prices. Similarly, silver prices are expected to mirror this uncertain pattern.
The price of gold in the form of Libra has decreased by Rs.410 compared to the previous day. Presently, the rate stands at Rs.72,870 for 10 grams of 24-carat gold and Rs.66,800 for 10 grams of 22-carat gold in the domestic market. Let’s delve into the current gold prices across major cities in the country:
- Delhi: 22 carat – Rs.66,950 | 24 carat – Rs.73,020 per 10 grams
- Chennai: 22 carat – Rs.66,800 | 24 carat – Rs.72,870 per 10 grams
- Mumbai: 22 carat – Rs.66,800 | 24 carat – Rs.72,870 per 10 grams
- Hyderabad: 22 carat – Rs.66,800 | 24 carat – Rs.72,870 per 10 grams
- Vijayawada: 22 carat – Rs.66,800 | 24 carat – Rs.72,870 per 10 grams
- Bengaluru: 22 carat – Rs.66,800 | 24 carat – Rs.72,870 per 10 grams
- Kolkata: 22 carat – Rs.66,800 | 24 carat – Rs.72,870 per 10 grams
With the surge in gold prices, silver rates have also seen an upward trend, reaching Rs.84,500 across the country and Rs.89,500 in Hyderabad. Market experts predict a further rise in gold prices, with renowned investment firm Goldman Sachs projecting a price of $2,700 per ounce by early 2025. This forecast emphasizes the significance of gold as a reliable investment option.
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