Gold and silver prices in India have been fluctuating, causing mixed reactions among buyers. While demand for gold increases during festivals and the wedding season, prices tend to rise. However, as the festival season winds down, gold prices have been showing a gradual decline, offering a respite for those waiting to buy. Let’s take a look at the current gold and silver prices in major cities across Telugu states and beyond as of today, November 6, 2024.
Gold Prices in Major Telugu Cities
In Hyderabad, the price of 22-carat gold today is Rs. 73,550 per 10 grams, showing a slight drop from yesterday’s price of Rs. 73,540. Meanwhile, the price of 24-carat gold has dropped to Rs. 80,230 per 10 grams, down from Rs. 80,240 the previous day.
These prices are consistent in other major Telugu cities such as Vijayawada, Visakhapatnam, Poddutur, and Warangal, where the cost of 22-carat gold is Rs. 73,550 and 24-carat gold is Rs. 80,230.
For comparison, gold prices in other major cities are as follows:
- Chennai: 22-carat gold at Rs. 73,540, 24-carat gold at Rs. 80,230.
- Mumbai: 22-carat gold at Rs. 73,540, 24-carat gold at Rs. 80,230.
- Delhi: 22-carat gold at Rs. 73,690, 24-carat gold at Rs. 80,380.
- Bengaluru: 22-carat gold at Rs. 73,540, 24-carat gold at Rs. 80,230.
Silver Prices in Major Cities
Alongside gold, silver also continues to capture the attention of buyers and investors. As of today, silver prices have slightly decreased by Rs. 100, with the price for silver per kg now standing at Rs. 95,900 across the country.
In Telugu states, the silver price per kg is Rs. 96,353 in cities like Hyderabad, Vijayawada, and Visakhapatnam.
Silver is increasingly seen as a safe investment, and with the global fluctuations in the rupee-dollar exchange rate, silver may become even more expensive in the near future, depending on international market trends.
Conclusion
Gold and silver prices are fluctuating due to a variety of factors, including global economic conditions and seasonal demand during festivals. Buyers looking to invest in precious metals should monitor these price changes closely, as gold prices show signs of dropping after the peak of the festival and wedding season.
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