Diwali gold demand Archives - Vizag One https://www.vizagone.com/tag/diwali-gold-demand/ Visakhapatnam - City of Destiny Sat, 26 Oct 2024 01:07:33 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://www.vizagone.com/wp-content/uploads/2023/11/cropped-vizagone-logo-500x500-jpg-32x32.jpg Diwali gold demand Archives - Vizag One https://www.vizagone.com/tag/diwali-gold-demand/ 32 32 Gold Price Update: Fluctuations as Diwali Approaches—October 26 Prices Revealed https://www.vizagone.com/business/gold-price-update-fluctuations-as-diwali-approaches-october-26-prices-revealed/ https://www.vizagone.com/business/gold-price-update-fluctuations-as-diwali-approaches-october-26-prices-revealed/#respond Sat, 26 Oct 2024 01:07:31 +0000 https://www.vizagone.com/?p=32416 As Diwali draws near, the demand for gold and silver rises, leading to price fluctuations. On October 26, gold prices saw a slight increase compared to the previous day. Here’s a detailed breakdown of current gold and silver rates across major cities in India.

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Hyderabad, 26 October 2024: As the festive season of Diwali approaches, the demand for gold and silver has surged, causing prices to fluctuate significantly. After a dip in prices yesterday, consumers were taken by surprise today as gold and silver prices witnessed a rise.

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.

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Gold and Silver Prices Update: Diwali Demand Influences Market Fluctuations https://www.vizagone.com/business/gold-and-silver-prices-update-diwali-demand-influences-market-fluctuations/ https://www.vizagone.com/business/gold-and-silver-prices-update-diwali-demand-influences-market-fluctuations/#respond Fri, 25 Oct 2024 01:09:03 +0000 https://www.vizagone.com/?p=32302 As Diwali approaches, the demand for gold and silver has surged, leading to fluctuating prices. Today, gold prices have dipped, providing relief to consumers following a recent rise. Here’s a detailed look at the latest gold and silver rates across major Indian cities.

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As the festive season of Diwali draws near, the demand for gold and silver continues to rise, causing noticeable fluctuations in market prices. After witnessing an increase yesterday, both gold and silver prices have seen a drop today, offering much-needed relief to consumers ahead of the celebrations. Compared to prices on October 24, the price of gold has decreased today, October 25.

Current Gold Prices:

  • In Hyderabad, the price of 22-carat gold stands at ₹72,840 per 10 grams, while 24-carat gold is priced at ₹89,460.
  • In Visakhapatnam and Vijayawada, the rates mirror those in Hyderabad, with 22-carat gold at ₹72,840 and 24-carat gold at ₹79,460.
  • In the capital city, Delhi, 22-carat gold is priced at ₹72,990 and 24-carat gold at ₹79,610.
  • Mumbai shows similar prices with 22-carat gold at ₹72,840 and 24-carat at ₹79,460.
  • Chennai has prices aligned with the above cities, where 22-carat gold is ₹72,840 and 24-carat gold is ₹79,460.
  • In Bengaluru, the prices are the same as those in Hyderabad: 22-carat gold at ₹72,840 and 24-carat gold at ₹79,460.

Current Silver Prices:

The silver market is also witnessing price movements. As of today:

  • The price of silver per kg in Hyderabad is ₹1,09,900.
  • In Vijayawada and Visakhapatnam, silver prices are similarly at ₹1,09,900.
  • Delhi, Mumbai, and Bengaluru report silver prices at ₹1,01,900, while Bengaluru sees a slight difference with ₹1,01,100.
  • Chennai has silver priced at ₹1,09,900.

This fluctuation in prices is typical as demand increases during the festive season, with consumers eager to purchase gold and silver for Diwali celebrations. As we progress through the festive period, it’s advisable for buyers to stay informed about the latest price trends.

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