Gold Prices Rise Slightly After Recent Decline
Gold prices, which had been on a downward trend recently, have seen a slight increase once again. In the past two days, the price of 24-carat gold has risen by approximately Rs. 280. Despite the fluctuations in gold prices due to various factors, such as negative signals from the global market, international gold reserves, Fed interest rates, and inflation, the rates have shown an uptick.
This fluctuation in gold prices has left many potential buyers wondering whether now is the right time to make a purchase. It is advisable to keep an eye on these trends before buying.
Gold Price in Hyderabad
As of the latest data, the price of 10 grams of 24-carat gold in Hyderabad stands at Rs. 77,670. The 22-carat gold price is slightly lower, at Rs. 71,210 per 10 grams.
In other major cities such as Kolkata, Chennai, Bangalore, Mumbai, and Kerala, the price of 22-carat gold is Rs. 71,060, while 24-carat gold is priced at Rs. 77,520 per 10 grams.
Silver Prices Decline
While gold prices have gone up, silver has seen a downward trend in recent days. In the past four days, silver prices dropped by about Rs. 2600, with a further reduction of Rs. 100 on the current day. As of the latest update, the price of one kilogram of silver is:
- Rs. 89,400 in Delhi, Kolkata, Bangalore, and Mumbai.
- Rs. 97,800 in Hyderabad, Visakhapatnam, and Vijayawada.
- Rs. 97,900 in Kerala and Chennai.
What to Keep in Mind Before Buying Gold
It is important to stay updated on the current market prices before making any gold purchases, as fluctuations can happen frequently. For the most accurate and timely updates on gold prices, you can check the latest rates or give a missed call to 8955664433 for real-time price information.
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