Gold prices have been decreasing consecutively, with no increase in the price of gold for the last week. The World Gold Council predicts a substantial increase in gold consumption in India, further supporting the notion of an impending price hike. Experts suggest that now is a good time for those interested in buying gold to make their move.

Let’s take a look at the current prices of gold and silver in various major cities across India:

• Delhi: 10 grams of 22 carat gold is priced at Rs. 66,840, while 24 carat gold costs Rs. 72,910.
• Mumbai: 22 carat gold is priced at Rs. 66,690, and 24 carat gold at Rs. 72,760.
• Chennai: 10 grams of 22 carat gold costs Rs. 66,690, with 24 carat gold continuing at Rs. 72,760.
• Kolkata: The price of 10 grams of 22 carat gold is Rs. 66,690, and 24 carat gold is continuing at Rs. 72,760.

As for the Telugu states:

• Hyderabad: The price of 10 grams of 22 carat gold was Rs. 66,690, with 24 carat gold continuing at Rs. 72,760.
• Vijayawada: 10 grams of 22 carat gold is priced at Rs. 66,690, and 24 carat gold at Rs. 72,760.
• Visakhapatnam: 22 carat gold is priced at Rs. 66,690, while 24 carat gold continues at Rs. 72,760.

Silver prices have also been impacted, following a similar trend to gold. On Wednesday, silver prices in major cities across the country saw a reduction. The latest silver price per kg in Delhi is Rs. 85,900, while in Mumbai it is Rs. 85,900. In Bangalore, the price is Rs. 82,900, and in Chennai, Kerala, Hyderabad, Visakhapatnam, and Vijayawada, the highest price per kg of silver is Rs. 90,800.

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Taking a closer look at the current rates, in Delhi, 10 grams of 22-carat gold are priced at Rs. 67,090, while 24-carat gold is at Rs. 73,180. Meanwhile, Mumbai sees 22-carat gold at Rs. 66,940 and 24-carat gold at Rs. 73,030. Chennai, Kolkata, Hyderabad, Vijayawada, and Visakhapatnam also reflect similar pricing trends for both 22-carat and 24-carat gold.

In parallel with the gold market, silver prices have mirrored the movements of gold. Recent data shows a decrease in silver prices across major cities, with Delhi and Mumbai listing silver at Rs. 86,900 per kilogram. The highest silver price per kilogram is recorded in Chennai, Kerala, Hyderabad, Visakhapatnam, and Vijayawada at Rs. 91,900.

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