Today’s Gold and Silver Prices: Fluctuations Amidst Festive Demand

In the last three months of 2014, there was a remarkable demand for gold as prices dipped significantly. This shift has reignited interest in investing in gold and silver, causing their prices to fluctuate. Let’s take a closer look at today’s gold and silver prices across the Telugu states and major cities in the country.

The prices of gold and silver have been anything but stable over the past few years. While they have been on a rapid upward trend at times, there have also been instances where prices have decreased, creating a volatile market environment. Recently, the price of 10 grams of unalloyed gold crossed ₹80,000. Experts indicate that this trend may continue, with prices of both gold and silver potentially reaching new heights in the coming year.

On the auspicious occasion of Dev Diwali today, the price of 22-carat gold has seen a minor increase of ₹10, bringing it to ₹73,760 per 10 grams. Concurrently, the price of pure 24-carat gold is now ₹80,460.

Gold Prices in Major Cities

Telugu States:

• Hyderabad:
  • 22-carat gold: ₹73,760 (↑ ₹10 from Tuesday)
  • 24-carat gold: ₹80,460
• Vijayawada:
  • 22-carat gold: ₹73,760
• Visakhapatnam:
  • 22-carat gold: ₹73,760
• Poddutur:
  • 22-carat gold: ₹73,760

Other Major Cities:

• Delhi:
  • 22-carat gold: ₹73,910
  • 24-carat gold: ₹80,610
• Chennai:
  • 22-carat gold: ₹73,760
  • 24-carat gold: ₹80,460
• Mumbai:
  • 22-carat gold: ₹73,760
  • 24-carat gold: ₹80,460

Silver Prices in the Country

The silver market is following a similar trend to gold, with a notable increase in purchasing interest, especially during the Diwali festival. Silver is the second most purchased metal after gold and has become a reliable commodity for investment. However, today’s silver price has decreased slightly from yesterday’s levels. The current price of silver per kilogram is ₹1,06,800, reflecting a marginal drop of ₹100.

As the festive season continues, the market dynamics for gold and silver are likely to remain influenced by both demand and price fluctuations. Whether you’re investing or simply purchasing for celebrations, staying updated on these prices is essential.