The market for gold has been on a rollercoaster recently, with prices fluctuating unpredictably. However, for the second day in a row, prices have dropped, offering relief and excitement for buyers, particularly women preparing for weddings or festive shopping.

In Hyderabad, the price of:

• 22-carat gold is now ₹70,890 for 10 grams.
• 24-carat gold costs ₹77,340 for 10 grams.

These rates are consistent in Visakhapatnam and Vijayawada as well.

Comparative Gold Prices Across Cities

• In New Delhi, 22-carat gold is priced at ₹71,040, while 24-carat gold is ₹77,490.
• In cities like Mumbai, Kolkata, and Bangalore, prices remain slightly different, reflecting regional market dynamics.

Silver Prices Also Decreasing

Not just gold, but silver prices have also witnessed a dip:

• In Hyderabad, Visakhapatnam, and Vijayawada, 1 kg of silver is priced at ₹98,800.
• In major metros like Mumbai, Delhi, Kolkata, and Bangalore, the price per kg of silver is ₹91,300.

Why Now is a Great Time to Buy

For those planning investments, weddings, or festive purchases, this decline in gold and silver prices offers an ideal opportunity. The decrease in prices might not last long, given the volatile nature of the precious metal market.

Make the most of this golden opportunity and check with your local jeweler for updated prices.

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Gold and Silver Prices in Major Cities

According to data updated on various websites as of 6 am Friday, the latest rates are as follows:

Gold Prices

• Hyderabad:
  • 22-carat: ₹70,390 for 10 grams
  • 24-carat: ₹76,790 for 10 grams
• Visakhapatnam & Vijayawada:
  • 22-carat: ₹70,390
  • 24-carat: ₹76,790
• Delhi:
  • 22-carat: ₹70,540
  • 24-carat: ₹76,940
• Mumbai:
  • 22-carat: ₹70,390
  • 24-carat: ₹76,790
• Chennai:
  • 22-carat: ₹70,390
  • 24-carat: ₹76,790
• Bangalore:
  • 22-carat: ₹70,390
  • 24-carat: ₹76,790

Silver Prices

• Hyderabad: ₹97,900 per kilogram
• Visakhapatnam & Vijayawada: ₹97,900 per kilogram
• Delhi: ₹92,400 per kilogram
• Mumbai & Bangalore: ₹90,400 per kilogram
• Chennai: ₹97,900 per kilogram

Factors Influencing Gold and Silver Prices

Gold and silver rates are influenced by international market trends, currency exchange rates, and demand in the bullion market. A sharp drop like today’s is typically a result of favorable global economic factors, providing a great opportunity for investors.

How to Stay Updated

For the most accurate and real-time updates on gold and silver prices, you can give a missed call to 8955664433.

Why This Matters

Gold and silver remain important investment avenues for Indian households. Whether you’re buying jewelry or investing for the future, knowing the latest rates can help you make informed decisions.

The post Gold Price Today: Significant Drop in Gold and Silver Rates Across Major Indian Cities appeared first on Vizag One.

Gold Prices in Major Cities:

As of today, here’s a look at gold prices for 22-carat gold in major cities across India:

• Kolkata: Rs. 71,410
• Delhi: Rs. 71,560
• Chennai: Rs. 71,410
• Hyderabad: Rs. 71,410
• Vijayawada: Rs. 71,410
• Bangalore: Rs. 71,410

For 24-carat gold, the prices have also seen an upward trend:

• Bangalore: Rs. 77,900
• Mumbai: Rs. 77,900
• Kolkata: Rs. 77,900
• Hyderabad: Rs. 77,900
• Vijayawada: Rs. 77,900
• Delhi: Rs. 78,050
• Chennai: Rs. 77,900

The price variations across different cities can be attributed to local tax rates and market conditions.

Silver Prices Also on the Rise:

Silver prices have followed a similar trend, with a significant increase over the past few days. The price of silver per kilogram has reached Rs. 97,000 in Delhi. In Hyderabad, Visakhapatnam, and Vijayawada, silver prices stand at Rs. 1,02,800 per kilogram. These fluctuations reflect a broader trend in precious metals as market demand and international prices continue to impact local rates.

What’s Driving the Increase in Gold and Silver Prices?

Gold and silver prices are influenced by several factors, including international market trends, currency exchange rates, and local demand. The recent spike could be linked to global market instability, causing investors to flock to safer assets like gold.

The Road Ahead for Gold Investors:

Investors should stay informed as gold and silver prices continue to fluctuate. Keeping an eye on market trends and consulting with financial experts may help those looking to invest or divest their holdings. As always, regional factors and local taxes will continue to affect the final prices.

The post Gold Prices Surge Across India: Sudden Spike Shocks Gold Lovers appeared first on Vizag One.

In Chennai, the price of 22-carat 10-gram gold stands at Rs. 70,490, while the 24-carat equivalent is priced at Rs. 76,900. Mumbai follows a similar trend with 22-carat and 24-carat 10-gram gold priced at Rs. 70,490 and Rs. 76,900, respectively. Moving to Delhi, the rates are Rs. 70,640 for 22-carat and Rs. 76,050 for 24-carat 10-gram gold. In Hyderabad, the prices mirror those of Mumbai at Rs. 70,490 for 22-carat and Rs. 76,900 for 24-carat 10-gram gold. Vijayawada, Kerala, and Bengaluru also show consistent pricing for both 22-carat and 24-carat variants.

While gold is experiencing a slight decline, silver prices have also seen a marginal drop, with the current rate per kilogram standing at Rs. 94,900. It’s important to note that the mentioned gold prices do not include GST and TCS, and additional charges may apply post-purchase. These prices are accurate as of 6 am today and are subject to fluctuations based on local market conditions.

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