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.

The post Today’s Gold and Silver Prices: Fluctuations Amidst Festive Demand appeared first on Vizag One.

As the festive season of Diwali draws near, gold lovers have received some golden news! After a substantial increase in gold prices over the last few days, there is now a welcome decline, making it an ideal time for prospective buyers to invest. With the international market’s fluctuations, inflation rates, and the rupee’s depreciation against the dollar playing pivotal roles, let’s take a closer look at the current gold and silver prices.

Current Gold Prices

In recent days, the prices of gold have shown some interesting trends. Just two days ago, 24-carat gold was priced at ₹82,000 per gram, while 22-carat gold was at ₹75,000. However, there has been a slight dip today, which has brought some relief to gold enthusiasts eager to make their purchases ahead of Diwali.

22-Carat Gold Prices:

• Hyderabad: ₹73,590
• Vijayawada: ₹73,590
• Bangalore: ₹73,590
• Mumbai: ₹73,590
• Kolkata: ₹73,590
• Delhi: ₹73,740
• Chennai: ₹73,590

24-Carat Gold Prices:

• Hyderabad: ₹80,280
• Vijayawada: ₹80,280
• Bangalore: ₹80,280
• Mumbai: ₹80,280
• Kolkata: ₹80,280
• Delhi: ₹80,430
• Chennai: ₹80,280

Silver Prices Following Gold

Silver prices are also reflecting a similar downward trend. On Monday, the price of silver dropped by ₹100 per kg, indicating a broader alignment with the fluctuations in gold prices. Here’s a snapshot of the current silver rates:

• Silver per kg in Hyderabad: ₹1,06,900
• Silver per kg in Chennai, Kerala, Vijayawada, and Visakhapatnam: ₹1,06,900
• Silver per kg in Mumbai, Delhi, Kolkata, Pune: ₹97,900
• Silver per kg in Bangalore: ₹96,900

Conclusion

As Diwali approaches, the slight decline in gold prices is indeed a blessing for buyers. With the ongoing fluctuations in the market, now is the perfect time to invest in gold and silver. Whether you’re purchasing jewelry for the festive season or looking for investment opportunities, the current prices make for an attractive proposition. Keep an eye on the market, and happy shopping!

The post Golden News for Gold Lovers: Prices Decline Ahead of Diwali Festivities appeared first on Vizag One.

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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