What’s remarkable is that this surge in Musk’s wealth brings him just $14 billion short of his own all-time high net worth of $340 billion, which he set in November 2021. As of now, he is rapidly closing the gap, with his wealth seeing a dramatic increase year-to-date—$97.2 billion. To put this into perspective, even Mukesh Ambani, the richest businessman in Asia, currently has a net worth of just over $95 billion.

Surge Following Trump’s Victory:

Experts believe that the sharp rise in Musk’s wealth is largely influenced by his close ties to Donald Trump. Musk, a known supporter of Trump, reportedly raised political funds during the election, which could have contributed to the increase in shares of his companies, notably Tesla. The direct impact of Trump’s victory has been seen in the significant increase in Tesla’s stock price.

Tesla Shares See a Tremendous Rise:

The primary driver behind Musk’s wealth growth is the remarkable rise in Tesla’s stock value. On November 19, Tesla’s shares climbed by 5.62 percent, reaching $338.74. Over the past two weeks, Tesla shares have gained 39.49 percent, peaking at a 52-week high of $358.64 on November 11. This surge has propelled Tesla’s market capitalization to a new high of $1.087 trillion, up from $779 billion on November 4. This represents an incredible increase of $308 billion in just two weeks.

With such rapid gains, Musk’s financial trajectory seems unstoppable, and the question on everyone’s mind is whether he will soon surpass his previous record, cementing his place as the richest person in the world.

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In parallel, the price of silver per kilogram has also seen a shift, dropping by Rs. 100 to reach Rs. 91,900. It’s crucial to keep track of these changes to make informed decisions regarding investments in precious metals.

Checking the gold and silver rates in major cities reveals variations across different regions. In Hyderabad, the price of 22-carat gold is Rs. 68,640, and 24-carat gold is priced at Rs. 74,880. Similarly, in Visakhapatnam and Vijayawada, both 22-carat and 24-carat gold are valued at Rs. 68,640 and Rs. 74,880, respectively.

Moving on to the gold prices in other metropolitan areas, we see fluctuations in rates. In Delhi, 10 grams of 22-carat gold are priced at Rs. 68,790, while 24-carat gold is valued at Rs. 75,030. In Mumbai, the rate for 22-carat gold stands at Rs. 68,640, with 24-carat gold priced at Rs. 74,880. Chennai follows a similar pattern, with 22-carat gold at Rs. 68,640 and 24-carat gold at Rs. 74,880. Bangalore residents can acquire 22-carat gold at Rs. 68,640 and 24-carat gold at Rs. 74,880.

Shifting focus to silver prices, the cost per kilogram varies across different cities. In Delhi and Mumbai, silver is priced at Rs. 91,900, while Bangalore offers it at a lower rate of Rs. 85,900. Chennai and Hyderabad both have silver priced at Rs. 96,900, and Vijayawada and Visakhapatnam at Rs. 96,600.

Stay updated with the latest trends in gold and silver prices to make informed decisions about your investments and financial planning.

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In the national capital Delhi, the price of 10 grams of 22-carat gold stands at Rs. 67,310, while 24-carat gold is priced at Rs. 73,410. Moving to the financial hub Mumbai, 22-carat gold is valued at Rs. 67,160, and 24-carat gold at Rs. 73,260. Similarly, in Chennai, the prices for 22-carat and 24-carat gold are Rs. 67,160 and Rs. 73,260, respectively. Kolkata echoes the same trend with 22-carat gold at Rs. 67,160 and 24-carat gold at Rs. 73,260.

Shifting focus to the Telugu states, Hyderabad reports 22-carat gold at Rs. 67,160 and 24-carat gold at Rs. 73,260 on Thursday. Vijayawada mirrors these rates with 22-carat gold priced at Rs. 67,160 and 24-carat gold at Rs. 73,260. In Visakhapatnam, the price for 22-carat Tulam gold is Rs. 67,160, while 24-carat gold per 10 grams is at Rs. 73,260.

Regarding silver prices, the inverse relationship with gold is apparent as gold’s increase coincides with a decrease in silver prices. On Thursday, the price of a kilogram of silver dropped to Rs. 100, resulting in a per kg silver price of Rs. 88,400 in Delhi, Mumbai, Kolkata, and Pune. Conversely, in Chennai, Kerala, Hyderabad, Vijayawada, and Visakhapatnam, the silver rate remains at Rs. 93,400 per kilogram.

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