Gold and Silver Prices See Sharp Decline: Latest Rates in Hyderabad and Across India

Gold and Silver Prices See Sharp Decline: Latest Rates in Hyderabad and Across India

Gold prices have experienced significant fluctuations, particularly since the tenure of former US President Donald Trump. Recent trends have shown a steep decline in gold prices, largely due to the actions of the US Federal Reserve and the global economic impacts of Trump’s policies. As gold and silver markets continue to react, here’s a detailed look at how the prices of precious metals have evolved and the current rates in major cities across India.

Gold Prices Take a Hit

Gold prices, which have been on a rollercoaster ride, took another dip recently. After the US Federal Reserve cut interest rates, the value of gold has been negatively impacted, with prices dropping significantly in the past few days. Here’s a breakdown of the latest gold rates:

22 Carat Gold Price:

• Delhi: Rs. 72,340
• Mumbai: Rs. 72,190
• Kolkata: Rs. 72,190
• Bangalore: Rs. 72,190
• Chennai: Rs. 72,190
• Hyderabad: Rs. 72,190
• Visakhapatnam: Rs. 72,190
• Vijayawada: Rs. 72,190

24 Carat Gold Price:

• Hyderabad: Rs. 78,750
• Visakhapatnam: Rs. 78,750
• Vijayawada: Rs. 78,750
• Delhi: Rs. 72,340
• Mumbai: Rs. 72,190
• Kolkata: Rs. 72,190
• Bangalore: Rs. 72,190
• Chennai: Rs. 72,190

As you can see, there’s a uniform price for 22-carat and 24-carat gold in cities like Hyderabad, Visakhapatnam, and Vijayawada, while Delhi reflects a higher rate for 22-carat gold.

Silver Prices Follow the Downtrend

Silver, which tends to follow the trend of gold, has also experienced a drop in the last few days. Silver prices have decreased by about Rs. 1,100 per kilogram recently. Below are the current silver prices in key Indian cities:

• Hyderabad: Rs. 1,01,900 per kilogram
• Bengaluru: Rs. 92,900 per kilogram
• Kolkata: Rs. 92,900 per kilogram
• Delhi: Rs. 92,900 per kilogram
• Mumbai: Rs. 92,900 per kilogram
• Chennai: Rs. 1,01,900 per kilogram

With silver prices in Hyderabad and Chennai crossing the one-lakh mark, the trend is becoming more noticeable across major cities.

Conclusion:

The ongoing fluctuations in the gold and silver markets are a direct response to the economic shifts occurring globally. While gold and silver prices have experienced a decline, they remain an important part of many investors’ portfolios. As the markets continue to react to global financial changes, the prices of these precious metals will likely keep fluctuating.

For now, if you’re looking to purchase gold or silver, the rates across cities like Hyderabad, Mumbai, Delhi, and Chennai remain relatively stable, but closely tracking these changes will be key for any potential investments.