After hitting all-time high records, the gold rates have been on a downward trajectory. On the latest price updates, 24-carat gold has fallen by approximately Rs. 2,410 per 10 grams. Compared to the previous day’s prices, there has also been a slight decrease in the cost of gold, making it an attractive time for gold buyers. Meanwhile, silver prices have also dropped by Rs. 2,600 over the past three days.

Gold Prices in Hyderabad and Major Cities:

• Hyderabad:
  • 24-carat gold: Rs. 77,230 per 10 grams
  • 22-carat gold: Rs. 70,790 per 10 grams
  • Silver: Rs. 97,900 per kg
• Delhi:
  • 24-carat gold: Rs. 77,380 per 10 grams
  • 22-carat gold: Rs. 70,940 per 10 grams
• Mumbai, Kolkata, Bangalore, Chennai:
  • 24-carat gold: Rs. 77,230 per 10 grams
  • 22-carat gold: Rs. 70,790 per 10 grams

These prices were recorded early on Wednesday morning, so it’s always wise to check the current prices before making any purchases.

How to Check Latest Gold Prices:

To stay updated on the latest gold prices, you can simply give a missed call to 8955664433. It’s always best to keep track of fluctuations in gold prices, as they can change frequently based on market trends.

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Current Rates for Gold and Silver:

Gold Prices (per 10 grams):

• Hyderabad, Visakhapatnam, Vijayawada:
  • 22 Carat: ₹71,460
  • 24 Carat: ₹77,960
• Delhi:
  • 22 Carat: ₹71,610
  • 24 Carat: ₹78,110
• Mumbai:
  • 22 Carat: ₹71,460
  • 24 Carat: ₹77,960
• Chennai:
  • 22 Carat: ₹71,460
  • 24 Carat: ₹77,960
• Bengaluru:
  • 22 Carat: ₹71,460
  • 24 Carat: ₹77,960

Silver Prices (per kg):

• Hyderabad, Chennai, Vijayawada, Visakhapatnam: ₹100,900
• Delhi, Mumbai, Bengaluru: ₹91,900

Key Insights:

• Gold Prices: A modest increase of ₹10 has been observed, maintaining steady demand among consumers.
• Silver Prices: A decline of ₹100 per kg has provided slight relief to those keeping an eye on silver investments.

Market Trends:

The rise in gold prices is attributed to international developments, including currency fluctuations and geopolitical influences. On the other hand, the slight decrease in silver prices reflects changes in industrial demand and global trading trends.

Gold and silver remain popular choices for investment and savings, particularly during times of economic uncertainty. It is essential to monitor these fluctuations to make informed purchasing decisions.

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Gold Price by City

Here are the prices of gold in different cities across India:

• Chennai: 22-carat gold – ₹72,750, 24-carat gold – ₹79,360
• Delhi: 22-carat gold – ₹72,900, 24-carat gold – ₹79,510
• Mumbai: 22-carat gold – ₹72,750, 24-carat gold – ₹79,360
• Hyderabad: 22-carat gold – ₹72,750, 24-carat gold – ₹79,360
• Vijayawada: 22-carat gold – ₹72,750, 24-carat gold – ₹79,360
• Bengaluru: 22-carat gold – ₹72,750, 24-carat gold – ₹79,360

These prices represent the cost of 10 grams of gold and may change based on market conditions.

Silver Price

The price of silver has also seen a decrease. The current price of silver is ₹94,000 per kilogram, down by ₹800 compared to yesterday.

Why Are Gold Prices Falling?

Gold prices are influenced by a wide range of factors, including economic conditions, geopolitical events, and fluctuations in demand and supply. The current drop in prices can be attributed to the changes in the global market, including events like the upcoming US elections and decisions made by the Federal Reserve.

Additionally, Goldman Sachs reports that gold purchases by central banks in emerging markets are on the rise, which could lead to an increase in gold prices in the near future. These factors make gold an attractive investment, especially during uncertain times, as it serves as a safe-haven asset.

Conclusion

Gold continues to hold significant value in India, particularly during festivals and weddings, making it a prime investment option for many. While the prices of gold and silver have decreased today, these rates are constantly fluctuating based on global and local economic factors. Keeping an eye on market trends is essential for those looking to invest in precious metals like gold.

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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!

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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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