Gold prices continue to fluctuate, keeping buyers on edge as they navigate the constant shifts in the market. After witnessing a slight dip yesterday, today’s surge in gold prices has taken many by surprise. On Tuesday, October 22, 2024, the price of 24 carat pure gold increased by Rs. 10, bringing the rate to Rs. 79,650 per 10 grams. Similarly, the price of 22 carat gold also saw a rise of Rs. 10, bringing it to Rs. 73,010.
Gold Prices in Major Cities
Gold rates vary across different regions in the country, with cities like Delhi, Mumbai, Chennai, Bangalore, and Hyderabad seeing changes in both 22 carat and 24 carat gold prices. Here’s a breakdown of today’s prices across major Indian cities:
- New Delhi:
- 22 carat gold: Rs. 73,160
- 24 carat gold: Rs. 79,800
- Mumbai:
- 22 carat gold: Rs. 73,010
- 24 carat gold: Rs. 79,650
- Chennai:
- 22 carat gold: Rs. 73,010
- 24 carat gold: Rs. 79,650
- Bangalore:
- 22 carat gold: Rs. 73,010
- 24 carat gold: Rs. 79,650
- Hyderabad:
- 22 carat gold: Rs. 73,010
- 24 carat gold: Rs. 79,650
The pricing trends have been largely influenced by international market fluctuations and the storage of gold reserves, which continue to play a significant role in the volatility of the market.
Gold Prices in Telugu States
In Telugu states like Hyderabad, Vijayawada, and Visakhapatnam, the prices of gold have mirrored the broader national trends, with a consistent rise across 22 and 24 carat gold.
- Hyderabad:
- 22 carat gold: Rs. 73,010
- 24 carat gold: Rs. 79,650
- Vijayawada:
- 22 carat gold: Rs. 73,010
- 24 carat gold: Rs. 79,650
- Visakhapatnam (Sagarnagar):
- 22 carat gold: Rs. 73,010
- 24 carat gold: Rs. 79,650
Silver Prices Hold Steady
While gold prices saw a spike, silver remained stable across most markets. The price of silver per kilogram in major cities like Delhi, Mumbai, Pune, and Kolkata reached Rs. 1,01,100. In the southern states, including Chennai, Hyderabad, Vijayawada, and Visakhapatnam, the price of silver remains higher, at Rs. 1,09,100 per kilogram. This has made silver a slightly more consistent option for investors over the past few days.
What’s Causing the Fluctuations?
Experts point to international market trends, geopolitical tensions, and fluctuations in the value of the US dollar as key drivers behind the daily changes in gold prices. Additionally, as central banks continue to adjust their gold reserves, we are seeing these shifts directly impact the consumer market. Buyers are advised to monitor prices closely before making any purchase decisions.
For real-time updates on gold and silver prices, you can use the missed call service by dialing 8955664433 to stay updated.
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