In the last quarter of 2024, the prices of paddy have eased slightly, leading to a notable increase in demand for gold. On Thursday, September 12, gold prices in the country rose marginally, reflecting ongoing fluctuations in the market. In this context, we take a closer look at the current gold and silver prices in major cities across India, with a particular focus on the Telugu states.
Current Gold Prices in Major Telugu States
In Hyderabad, the price for 22-carat gold has reached Rs. 67,160 for 10 grams. Meanwhile, the price of 24-carat pure gold for the same quantity is Rs. 73,260. These prices are consistent in other significant cities of Andhra Pradesh, such as Vijayawada and Visakhapatnam.
National Gold Prices
Looking at gold prices in major cities across the country:
- In Delhi, the price of 22-carat gold is Rs. 67,310, while 24-carat gold is priced at Rs. 73,410.
- In Chennai, 22-carat gold is also at Rs. 67,160, with 24-carat gold priced at Rs. 73,260.
- In Bengaluru, the prices mirror those in Chennai, with 22-carat gold at Rs. 67,160 and 24-carat gold at Rs. 73,260.
- Similarly, in Kolkata, the price for 22-carat gold stands at Rs. 67,160, and 24-carat gold at Rs. 73,260.
- These prices remain the same in Mumbai and Kerala, the latter being known for its deep-rooted gold culture.
Marketing experts indicate that fluctuations in gold prices are influenced by various factors, including RBI interest rates and Federal Reserve interest rates.
Silver Prices in the Country
Silver prices have also seen some movement, having reached a kilo lakh mark previously before coming down again. On September 12, the price of silver per kg saw a slight increase, rising from Rs. 86,500 to Rs. 86,600. In Hyderabad, the silver price currently stands at Rs. 91,600, a figure that remains consistent in Vijayawada and Visakhapatnam.
As the precious metals market continues to experience fluctuations, it remains essential for consumers and investors to stay informed about the latest prices and trends.
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