Gold and silver prices are known to fluctuate daily, influenced by global market trends. On Monday, December 23, 2024, the bullion market witnessed a sharp decline in prices, leaving both investors and buyers cautious about their purchases. The price of 10 grams of 22-carat gold stood at Rs. 70,990, while 24-carat gold was priced at Rs. 77,440. Silver, too, saw a dip, with the price of one kilogram of silver being Rs. 91,400.

Gold Price Decline Across Major Cities

Here’s a look at the current gold prices in some of the major cities across the country:

• Hyderabad: 22-carat gold at Rs. 70,990, 24-carat gold at Rs. 77,440
• Visakhapatnam & Vijayawada: 22-carat gold at Rs. 70,990, 24-carat gold at Rs. 77,440
• Delhi: 22-carat gold at Rs. 71,140, 24-carat gold at Rs. 77,590
• Mumbai: 22-carat gold at Rs. 70,990, 24-carat gold at Rs. 77,440
• Chennai: 22-carat gold at Rs. 70,990, 24-carat gold at Rs. 77,440
• Bangalore: 22-carat gold at Rs. 70,990, 24-carat gold at Rs. 77,440

Silver Price Trends

Silver prices are also showing a downward trend, with the cost of one kilogram of silver recorded as follows:

• Hyderabad, Vijayawada, Visakhapatnam: Rs. 98,900 per kg
• Delhi, Mumbai, Bengaluru: Rs. 91,400 per kg
• Chennai: Rs. 98,900 per kg

Why Do Prices Fluctuate?

The price of gold and silver is subject to constant changes due to various factors, including international demand, market conditions, and global economic factors. Prices often rise when there is high demand or geopolitical instability, while they decrease when there is a stabilization in the market.

What Does This Mean for Buyers?

If you’re looking to buy gold or silver, this recent drop in prices could be a good opportunity. However, it’s always recommended to keep an eye on the market trends before making a purchase, as rates can change quickly.

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Current Gold and Silver Prices

As of today, the price of 22 carat gold is Rs. 72,990 per 10 grams, while the 24 carat gold is Rs. 79,630 per 10 grams. Yesterday, the prices were marginally higher at Rs. 73,000 for 22 carat gold and Rs. 79,640 for 24 carat gold. This shows a slight decrease in prices over the last 24 hours.

When it comes to silver, the price per kilogram has also decreased slightly. The current price of silver per kg is Rs. 91,900, a drop of Rs. 100 from yesterday’s value. However, the prices of both gold and silver are constantly changing and can fluctuate throughout the day due to various factors such as market trends, global economic conditions, and local demand.

Gold and Silver Prices in Major Cities:

Here’s a breakdown of gold and silver prices across some major cities:

• Chennai:
  • 22 Carat Gold: Rs. 72,990
  • 24 Carat Gold: Rs. 79,630
• Delhi:
  • 22 Carat Gold: Rs. 73,140
  • 24 Carat Gold: Rs. 79,980
• Mumbai:
  • 22 Carat Gold: Rs. 72,990
  • 24 Carat Gold: Rs. 79,630
• Hyderabad:
  • 22 Carat Gold: Rs. 72,990
  • 24 Carat Gold: Rs. 79,630
• Vijayawada:
  • 22 Carat Gold: Rs. 72,990
  • 24 Carat Gold: Rs. 79,630
• Kolkata:
  • 22 Carat Gold: Rs. 72,990
  • 24 Carat Gold: Rs. 79,630
• Bengaluru:
  • 22 Carat Gold: Rs. 72,990
  • 24 Carat Gold: Rs. 79,630

Factors Influencing Gold and Silver Prices

Gold continues to be a prime investment choice for many, especially during the wedding and festive seasons. The fluctuations in gold prices are influenced by several factors, including:

• Economic Conditions: Global economic uncertainties, inflation rates, and currency devaluation can push investors toward gold as a safe haven.
• Geopolitical Events: Political tensions, conflicts, and instability can drive up demand for gold as a protective asset.
• Supply and Demand: As the demand for gold increases, especially in emerging markets like India and China, prices tend to rise. Central banks of these countries are purchasing more gold, which could further drive up prices in the future.
• Market Movements: Fluctuations in the global market, including decisions made by the Federal Reserve and other financial bodies, also play a role in determining gold prices.

Experts predict that due to the rising gold purchases by central banks in emerging markets and the ongoing uncertainty in global markets, gold prices could experience an upward trend in the near future.

Conclusion

While gold prices have dipped slightly today, they are still near historical highs. Silver prices remain volatile, reflecting the changing market conditions. Whether you are investing in gold or buying it for weddings, these fluctuations are an essential consideration in today’s market.

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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.

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Current Gold Prices: Today, the price of gold remains unchanged compared to yesterday, reflecting a period of stability amidst the usual fluctuations associated with the festive season. Here are the latest rates for gold in different cities:

• Hyderabad:
  • 22 Carat Gold: ₹73,600 per 10 grams
  • 24 Carat Gold: ₹80,290 per 10 grams
• Visakhapatnam & Vijayawada:
  • 22 Carat Gold: ₹73,600 per 10 grams
  • 24 Carat Gold: ₹80,290 per 10 grams
• Delhi:
  • 22 Carat Gold: ₹73,750 per 10 grams
  • 24 Carat Gold: ₹80,440 per 10 grams
• Mumbai:
  • 22 Carat Gold: ₹73,360 per 10 grams
  • 24 Carat Gold: ₹80,290 per 10 grams
• Chennai:
  • 22 Carat Gold: ₹73,600 per 10 grams
  • 24 Carat Gold: ₹80,290 per 10 grams
• Bengaluru:
  • 22 Carat Gold: ₹73,600 per 10 grams
  • 24 Carat Gold: ₹80,290 per 10 grams

Current Silver Prices: In addition to gold, silver prices have also been monitored across key markets:

• Hyderabad & Vijayawada: ₹1,07,000 per kg
• Visakhapatnam: ₹1,07,000 per kg
• Delhi: ₹98,000 per kg
• Mumbai: ₹98,000 per kg
• Bengaluru: ₹97,000 per kg
• Chennai: ₹1,07,000 per kg

Get Real-Time Updates

It’s important to note that these prices were recorded at 6 AM today. For those interested in the latest updates, you can easily stay informed by giving a missed call to 8955664433 to receive real-time prices for gold and silver.

As you prepare for your festive purchases this Diwali, consider these current gold and silver prices to make informed decisions. Whether it’s for jewelry or investment, being aware of market trends will help you navigate your options effectively. Enjoy the festivities and happy shopping!

The post Gold Price Today: Stable Rates Ahead of Diwali Festivities appeared first on Vizag One.

Current Gold Prices

Today, October 26, the price for 22-carat gold is ₹72,960 per 10 grams, while 24-carat gold is priced at ₹79,590 per 10 grams. Below is a city-wise breakdown of gold prices:

• Hyderabad:
  • 22-carat gold: ₹72,960
  • 24-carat gold: ₹79,590
• Visakhapatnam and Vijayawada:
  • 22-carat gold: ₹72,960
  • 24-carat gold: ₹79,590
• Delhi:
  • 22-carat gold: ₹73,110
  • 24-carat gold: ₹79,740
• Mumbai:
  • 22-carat gold: ₹72,960
  • 24-carat gold: ₹79,590
• Chennai:
  • 22-carat gold: ₹72,960
  • 24-carat gold: ₹79,590
• Bengaluru:
  • 22-carat gold: ₹72,960
  • 24-carat gold: ₹79,590

Current Silver Prices

Silver prices have also shown an upward trend. The current rates are as follows:

• Hyderabad, Vijayawada, and Visakhapatnam: ₹106,900 per kg
• Delhi, Mumbai, and Bengaluru: ₹97,900 per kg
• Chennai: ₹106,900 per kg

These prices were recorded at 6 AM today and are subject to change as market dynamics fluctuate.

Stay Updated

For those looking to stay informed about the latest gold and silver prices, you can receive updates via a missed call. To know the latest gold prices, simply give a missed call to 8955664433.

Conclusion

As the festive season continues, fluctuations in gold and silver prices are expected. Consumers are advised to keep an eye on the market trends to make informed purchasing decisions.

The post Gold Price Update: Fluctuations as Diwali Approaches—October 26 Prices Revealed appeared first on Vizag One.

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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Gold Prices in Major Indian Cities:

• Chennai: ₹71,100 (22 carat), ₹77,560 (24 carat)
• Mumbai: ₹71,100 (22 carat), ₹77,560 (24 carat)
• Delhi: ₹71,250 (22 carat), ₹77,710 (24 carat)
• Hyderabad: ₹71,100 (22 carat), ₹77,560 (24 carat)
• Vijayawada: ₹71,100 (22 carat), ₹77,560 (24 carat)
• Bengaluru: ₹71,100 (22 carat), ₹77,560 (24 carat)
• Kerala: ₹71,100 (22 carat), ₹77,560 (24 carat)

While gold prices continue to fluctuate, silver remains stable at ₹95,000 per kilogram.

Understanding Gold Purity:

It is essential to be aware of the purity of gold before making any purchase. The purity of gold is determined by the hallmark issued by the Indian Standard Organization (ISO). Here’s a quick guide to the markings on gold jewellery:

• 24 carat: 999
• 23 carat: 958
• 22 carat: 916
• 21 carat: 875
• 18 carat: 750

Gold in India is predominantly sold as 22 carat, though 18 carat is also commonly used.

As gold prices fluctuate daily, it’s important to stay updated to make informed buying decisions, whether for investment purposes or traditional purchases.

The post Gold Prices Surge Again: 22 Carat Hits ₹71,100, 24 Carat at ₹77,560 appeared first on Vizag One.