Current Gold Prices:

Gold prices have been on the rise recently, with the price of 10 grams of 22-carat gold at Rs. 71,160 and the price of 24-carat gold at Rs. 77,630. In terms of silver, the price per kilogram is currently at Rs. 92,100. Here’s the breakdown of gold prices across major cities in India:

• Hyderabad:
  • 22-carat gold: Rs. 71,160
  • 24-carat gold: Rs. 77,630
• Visakhapatnam & Vijayawada:
  • 22-carat gold: Rs. 71,160
  • 24-carat gold: Rs. 77,630
• Delhi:
  • 22-carat gold: Rs. 71,310
  • 24-carat gold: Rs. 77,780
• Mumbai:
  • 22-carat gold: Rs. 71,160
  • 24-carat gold: Rs. 77,630
• Chennai:
  • 22-carat gold: Rs. 71,160
  • 24-carat gold: Rs. 77,630
• Bengaluru:
  • 22-carat gold: Rs. 71,160
  • 24-carat gold: Rs. 77,630

Current Silver Prices:

Silver prices have seen a slight rise as well, with the price per kilogram now varying slightly across cities. Here are the silver rates in some major cities:

• Hyderabad, Visakhapatnam, and Vijayawada:
  • Rs. 100,900 per kg
• Delhi, Mumbai, Bengaluru:
  • Rs. 92,100 per kg
• Chennai:
  • Rs. 100,900 per kg

Why the Price Change?

Gold and silver prices are highly sensitive to international developments, including currency fluctuations, global demand, and changes in the stock market. While there has been a recent decrease in prices, global market shifts and investor demand often result in these prices seeing an increase.

Conclusion:

With the price of gold and silver fluctuating regularly, it’s essential to monitor these trends if you’re planning to invest or make purchases. Keeping an eye on the rates in major cities like Delhi, Hyderabad, and Mumbai can help you make informed decisions. The precious metals market continues to be a dynamic one, influenced by both domestic and international factors.

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After witnessing a significant decline in prices throughout November, gold has started to show signs of recovery. In the past day, the price of 24-carat gold has risen by Rs. 660, while the price of 22-carat gold has increased by Rs. 600. As of now, the price of 10 grams of 24-carat gold in the Hyderabad bullion market is Rs. 76,310, and 22-carat gold is priced at Rs. 69,950.

Silver, however, continues to remain stable in the market.

Here’s a breakdown of the current gold and silver prices in major cities of India, including the Telugu states:

22 Carat Gold Price (per 10 grams):

• Delhi: Rs. 70,100
• Vijayawada: Rs. 69,950
• Hyderabad: Rs. 69,950
• Chennai: Rs. 69,950
• Mumbai: Rs. 69,950
• Bangalore: Rs. 69,950
• Kolkata: Rs. 69,950
• Kerala: Rs. 69,950
• Pune: Rs. 69,950

24 Carat Gold Price (per 10 grams):

• Delhi: Rs. 76,460
• Vijayawada: Rs. 76,310
• Hyderabad: Rs. 76,310
• Chennai: Rs. 76,310
• Mumbai: Rs. 76,310
• Bangalore: Rs. 76,310
• Kolkata: Rs. 76,310
• Kerala: Rs. 76,310
• Pune: Rs. 76,310

Silver Prices (per Kg):

• Delhi: Rs. 89,500
• Hyderabad: Rs. 99,000
• Vijayawada: Rs. 99,000
• Chennai: Rs. 99,000
• Kerala: Rs. 99,000
• Mumbai: Rs. 89,500
• Kolkata: Rs. 89,500
• Bangalore: Rs. 89,500

It’s important to note that these prices were recorded at six o’clock on Tuesday morning. If you are planning to buy gold or silver, it’s always wise to check for the latest updates before making any decisions.

For the most accurate and up-to-date gold prices, you can also give a missed call to 8955664433.

The post Gold Prices See a Rise After Record Lows: Current Rates in Telugu States and Major Cities appeared first on Vizag One.

Gold has reaffirmed its status as a reliable hedge during times of uncertainty. Since January 1, 2024, when prices were around ₹63,225 per 10 grams, gold has consistently grown in value. By Friday, it was trading at ₹76,300 per 10 grams on the Multi Commodity Exchange (MCX), reflecting its steady performance even as other asset classes struggled to maintain stability.

In comparison, the Sensex has provided a return of 14% on a year-to-date basis, while the Nifty delivered 16%. Even silver has outshined the equity markets, yielding a 24% return during the same period. “The equity markets have remained highly volatile this year, with heavy corrections during the elections and the budget. However, gold has remained relatively steady and has proven to be the best asset class during uncertainties,” remarked Ajay Kedia, Managing Director of Kedia Commodities.

The surge in gold prices comes as India’s gems and jewellery industry, despite having a large domestic market and thriving export sector, struggles to attract substantial Foreign Direct Investment (FDI). In Q1 FY24, FDI inflows into the gems and jewellery sector accounted for just 0.24% of India’s total FDI, though this is an improvement from 0.05% in Q1 FY23. According to the Gem and Jewellery Export Promotion Council (GJEPC), FDI in the sector increased to $40 million in Q1 FY24, compared to $5 million in the same quarter last year.

Vipul Shah, chairman of GJEPC, emphasized the importance of foreign investments, stating, “Foreign investments typically bring not only capital but also advanced technologies, improved production processes, and new market linkages, all of which are vital for the sector’s growth and global competitiveness.”

With gold prices on the rise and the global economic environment remaining uncertain, investors continue to see gold as a safe haven, making it one of the most attractive asset classes for the foreseeable future.

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