In the last quarter of 2024, gold prices have experienced a slight decrease, prompting a surge in demand for green tea and silver, which is closely following gold’s price trends. Interestingly, silver reached a remarkable high earlier in the year, with its price crossing the one-lakh-rupee mark per kilogram. Let’s dive into the latest gold and silver prices across the major cities of Telugu states, including Hyderabad, and in key Indian cities.
Gold Prices Update (November 7, 2024)
The prices of gold have been fluctuating over the past few years, with no clear stability. Even during festival seasons and weddings, the market has seen ups and downs. However, the recent decrease in gold prices has led many investors to focus on gold and silver as potential assets.
- Today’s Gold Price in Hyderabad (Telugu States):
- 22 Carat Gold: ₹73,6610 per 10 grams (a slight increase of ₹10)
- 24 Carat Gold: ₹80,360 per 10 grams (a ₹10 increase)
- National Gold Prices:
- In Delhi, 22 carat gold is priced at ₹73,810 and 24 carat at ₹80,510.
- In Mumbai, 22 carat gold costs ₹73,660, while 24 carat remains at ₹80,360.
- In Chennai and Bangalore, the prices of both 22 carat gold (₹73,660) and 24 carat gold (₹80,360) are similar.
Silver Price Update
In recent months, silver prices have experienced significant fluctuations, with a notable rise during the Dussehra and Diwali periods, where the price of a kilogram of silver crossed one lakh rupees. Silver is highly valued in India, especially for gifts during weddings and festive occasions.
- Today’s Silver Price:
- In Hyderabad, the price of 1 kilogram of silver stands at ₹1,04,900.
- Across the country, the price of 1 kilogram of silver has dropped slightly to ₹95,900, reflecting a decrease from its earlier high.
Summary
The gold and silver markets in India are dynamic and subject to frequent changes. As of today, gold prices have risen slightly in most major cities, with Hyderabad witnessing prices of ₹73,6610 for 22 carat and ₹80,360 for 24 carat gold. Meanwhile, silver prices have slightly reduced but are still higher than normal, with Hyderabad seeing a price of ₹1,04,900 per kilogram.
For investors and buyers, it is crucial to monitor these price trends, as they can offer valuable opportunities for purchasing or investing in gold and silver.
Conclusion: With the fluctuations in gold and silver prices, it’s essential for investors to stay informed about the market trends. Whether you’re looking to invest or make a purchase, knowing the current prices across major cities in Telugu states and nationwide will help you make the right decisions during this festive season.
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