Gold and silver prices are known to fluctuate daily, influenced by global market trends. On Monday, December 23, 2024, the bullion market witnessed a sharp decline in prices, leaving both investors and buyers cautious about their purchases. The price of 10 grams of 22-carat gold stood at Rs. 70,990, while 24-carat gold was priced at Rs. 77,440. Silver, too, saw a dip, with the price of one kilogram of silver being Rs. 91,400.

Gold Price Decline Across Major Cities

Here’s a look at the current gold prices in some of the major cities across the country:

• Hyderabad: 22-carat gold at Rs. 70,990, 24-carat gold at Rs. 77,440
• Visakhapatnam & Vijayawada: 22-carat gold at Rs. 70,990, 24-carat gold at Rs. 77,440
• Delhi: 22-carat gold at Rs. 71,140, 24-carat gold at Rs. 77,590
• Mumbai: 22-carat gold at Rs. 70,990, 24-carat gold at Rs. 77,440
• Chennai: 22-carat gold at Rs. 70,990, 24-carat gold at Rs. 77,440
• Bangalore: 22-carat gold at Rs. 70,990, 24-carat gold at Rs. 77,440

Silver Price Trends

Silver prices are also showing a downward trend, with the cost of one kilogram of silver recorded as follows:

• Hyderabad, Vijayawada, Visakhapatnam: Rs. 98,900 per kg
• Delhi, Mumbai, Bengaluru: Rs. 91,400 per kg
• Chennai: Rs. 98,900 per kg

Why Do Prices Fluctuate?

The price of gold and silver is subject to constant changes due to various factors, including international demand, market conditions, and global economic factors. Prices often rise when there is high demand or geopolitical instability, while they decrease when there is a stabilization in the market.

What Does This Mean for Buyers?

If you’re looking to buy gold or silver, this recent drop in prices could be a good opportunity. However, it’s always recommended to keep an eye on the market trends before making a purchase, as rates can change quickly.

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Latest Gold Prices:

According to updates available till 6 AM:

• 22-Carat Gold: ₹70,390 (10 grams), a drop of ₹610.
• 24-Carat Gold: ₹76,790 (10 grams), a drop of ₹660.

Latest Silver Prices:

• Silver per Kilogram: ₹99,000.

City-Wise Gold Rates (Per 10 Grams):

• Hyderabad:
  • 22-Carat: ₹71,000
  • 24-Carat: ₹77,450
• Visakhapatnam & Vijayawada:
  • 22-Carat: ₹71,000
  • 24-Carat: ₹77,450
• Delhi:
  • 22-Carat: ₹71,150
  • 24-Carat: ₹77,600
• Mumbai:
  • 22-Carat: ₹71,000
  • 24-Carat: ₹77,450
• Chennai:
  • 22-Carat: ₹71,000
  • 24-Carat: ₹77,450
• Bangalore:
  • 22-Carat: ₹71,000
  • 24-Carat: ₹77,450

City-Wise Silver Rates (Per Kilogram):

• Hyderabad, Visakhapatnam & Vijayawada: ₹99,000
• Delhi, Mumbai & Bengaluru: ₹91,500
• Chennai: ₹99,000

These prices were listed on various websites as of 6 AM Sunday. Prices may vary based on location and market conditions.

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Gold and Silver Prices in Major Cities

According to data updated on various websites as of 6 am Friday, the latest rates are as follows:

Gold Prices

• Hyderabad:
  • 22-carat: ₹70,390 for 10 grams
  • 24-carat: ₹76,790 for 10 grams
• Visakhapatnam & Vijayawada:
  • 22-carat: ₹70,390
  • 24-carat: ₹76,790
• Delhi:
  • 22-carat: ₹70,540
  • 24-carat: ₹76,940
• Mumbai:
  • 22-carat: ₹70,390
  • 24-carat: ₹76,790
• Chennai:
  • 22-carat: ₹70,390
  • 24-carat: ₹76,790
• Bangalore:
  • 22-carat: ₹70,390
  • 24-carat: ₹76,790

Silver Prices

• Hyderabad: ₹97,900 per kilogram
• Visakhapatnam & Vijayawada: ₹97,900 per kilogram
• Delhi: ₹92,400 per kilogram
• Mumbai & Bangalore: ₹90,400 per kilogram
• Chennai: ₹97,900 per kilogram

Factors Influencing Gold and Silver Prices

Gold and silver rates are influenced by international market trends, currency exchange rates, and demand in the bullion market. A sharp drop like today’s is typically a result of favorable global economic factors, providing a great opportunity for investors.

How to Stay Updated

For the most accurate and real-time updates on gold and silver prices, you can give a missed call to 8955664433.

Why This Matters

Gold and silver remain important investment avenues for Indian households. Whether you’re buying jewelry or investing for the future, knowing the latest rates can help you make informed decisions.

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Gold and silver prices are seeing fluctuations during the ongoing wedding season, providing some relief to buyers. As of today, the price of 22-carat gold has dropped significantly in India, continuing a trend of unpredictable price movements.

Gold Prices See a Dip
On November 26, Tuesday, there was a notable decrease in the price of gold in the domestic market. Compared to the previous day, the price has dropped by over Rs. 1,000. Yesterday, the price of 10 grams of 22-carat gold was Rs. 79,630, but today, it is priced at Rs. 78,540, marking a fall of more than a thousand rupees. As of 6 AM today, the price of 22-carat 10 grams of gold was Rs. 71,990, while 24-carat gold for the same quantity was priced at Rs. 78,540. However, these prices are subject to fluctuation throughout the day.

Gold Prices in Key Cities

• Delhi: 22-carat 10 gm gold is priced at Rs. 72,140, and 24-carat gold stands at Rs. 78,690.
• Mumbai: 22-carat gold for 10 grams costs Rs. 72,990, while 24-carat is at Rs. 78,540.
• Hyderabad: Prices are similar to Mumbai, with 22-carat gold at Rs. 72,990 and 24-carat at Rs. 78,540.
• Vijayawada: 22-carat 10 gm gold is priced at Rs. 72,990, and 24-carat gold is at Rs. 78,540.
• Chennai: Both 22-carat and 24-carat gold for 10 grams are priced at Rs. 72,990 and Rs. 78,540, respectively.
• Bengaluru: Gold prices remain at Rs. 72,990 for 22-carat and Rs. 78,540 for 24-carat.
• Kolkata: 22-carat 10 gm gold is Rs. 72,990, and 24-carat is at Rs. 78,540.
• Kerala: Prices in Kerala match those in other cities, with 22-carat gold at Rs. 72,990 and 24-carat at Rs. 78,540.

Silver Prices Remain Steady
The price of silver has seen a slight decrease as well, with the current price standing at Rs. 91,400 per kg. This minor dip may be considered by some as an opportunity for those looking to buy silver at a slightly lower rate.

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Current Gold and Silver Prices

As of today, the price of 22 carat gold is Rs. 72,990 per 10 grams, while the 24 carat gold is Rs. 79,630 per 10 grams. Yesterday, the prices were marginally higher at Rs. 73,000 for 22 carat gold and Rs. 79,640 for 24 carat gold. This shows a slight decrease in prices over the last 24 hours.

When it comes to silver, the price per kilogram has also decreased slightly. The current price of silver per kg is Rs. 91,900, a drop of Rs. 100 from yesterday’s value. However, the prices of both gold and silver are constantly changing and can fluctuate throughout the day due to various factors such as market trends, global economic conditions, and local demand.

Gold and Silver Prices in Major Cities:

Here’s a breakdown of gold and silver prices across some major cities:

• Chennai:
  • 22 Carat Gold: Rs. 72,990
  • 24 Carat Gold: Rs. 79,630
• Delhi:
  • 22 Carat Gold: Rs. 73,140
  • 24 Carat Gold: Rs. 79,980
• Mumbai:
  • 22 Carat Gold: Rs. 72,990
  • 24 Carat Gold: Rs. 79,630
• Hyderabad:
  • 22 Carat Gold: Rs. 72,990
  • 24 Carat Gold: Rs. 79,630
• Vijayawada:
  • 22 Carat Gold: Rs. 72,990
  • 24 Carat Gold: Rs. 79,630
• Kolkata:
  • 22 Carat Gold: Rs. 72,990
  • 24 Carat Gold: Rs. 79,630
• Bengaluru:
  • 22 Carat Gold: Rs. 72,990
  • 24 Carat Gold: Rs. 79,630

Factors Influencing Gold and Silver Prices

Gold continues to be a prime investment choice for many, especially during the wedding and festive seasons. The fluctuations in gold prices are influenced by several factors, including:

• Economic Conditions: Global economic uncertainties, inflation rates, and currency devaluation can push investors toward gold as a safe haven.
• Geopolitical Events: Political tensions, conflicts, and instability can drive up demand for gold as a protective asset.
• Supply and Demand: As the demand for gold increases, especially in emerging markets like India and China, prices tend to rise. Central banks of these countries are purchasing more gold, which could further drive up prices in the future.
• Market Movements: Fluctuations in the global market, including decisions made by the Federal Reserve and other financial bodies, also play a role in determining gold prices.

Experts predict that due to the rising gold purchases by central banks in emerging markets and the ongoing uncertainty in global markets, gold prices could experience an upward trend in the near future.

Conclusion

While gold prices have dipped slightly today, they are still near historical highs. Silver prices remain volatile, reflecting the changing market conditions. Whether you are investing in gold or buying it for weddings, these fluctuations are an essential consideration in today’s market.

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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 Today:

• 24-carat gold: The price of 10 grams of 24-carat gold in the Hyderabad bullion market has surged to Rs. 77,080, while the price of 22-carat gold stands at Rs. 70,660.
• 22-carat gold: Across the major cities, including Delhi, Vijayawada, and Chennai, the price of 22-carat gold is steady at Rs. 70,660 per 10 grams.
• 24-carat gold: For 24-carat gold, the price stands at Rs. 77,080 in cities like Vijayawada, Hyderabad, and Chennai, and Rs. 77,230 in Delhi.

Silver Prices:

In addition to the rise in gold prices, silver prices have also witnessed a significant increase. As of the latest update, silver prices have crossed the Rs. 1 lakh mark in some cities:

• Silver in Hyderabad and Vijayawada: The price is Rs. 1,01,100 per kilogram.
• Silver in Delhi, Mumbai, and other cities: The price is Rs. 91,600 per kilogram.

It’s important to note that these prices reflect the early morning market values as of Wednesday, and prices may vary by the time you make your purchase.

Gold Price in Major Cities (per 10 grams):

• 22-carat gold:
  • Delhi: Rs. 70,810
  • Vijayawada, Hyderabad, Chennai, Mumbai, Bangalore, Kolkata, Kerala, Pune: Rs. 70,660
• 24-carat gold:
  • Delhi: Rs. 77,230
  • Vijayawada, Hyderabad, Chennai, Mumbai, Bangalore, Kolkata, Kerala, Pune: Rs. 77,080

Silver Price (per kg) in Major Cities:

• Delhi, Mumbai, Kolkata, Bangalore: Rs. 91,600
• Hyderabad, Vijayawada, Chennai, Kerala: Rs. 1,01,100

Before purchasing gold or silver, it is advisable to check the prices again as they can fluctuate throughout the day. For the most up-to-date prices, you can give a missed call to 8955664433 to get the latest gold prices directly.

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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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Current Gold Prices: Today, the price of gold remains unchanged compared to yesterday, reflecting a period of stability amidst the usual fluctuations associated with the festive season. Here are the latest rates for gold in different cities:

• Hyderabad:
  • 22 Carat Gold: ₹73,600 per 10 grams
  • 24 Carat Gold: ₹80,290 per 10 grams
• Visakhapatnam & Vijayawada:
  • 22 Carat Gold: ₹73,600 per 10 grams
  • 24 Carat Gold: ₹80,290 per 10 grams
• Delhi:
  • 22 Carat Gold: ₹73,750 per 10 grams
  • 24 Carat Gold: ₹80,440 per 10 grams
• Mumbai:
  • 22 Carat Gold: ₹73,360 per 10 grams
  • 24 Carat Gold: ₹80,290 per 10 grams
• Chennai:
  • 22 Carat Gold: ₹73,600 per 10 grams
  • 24 Carat Gold: ₹80,290 per 10 grams
• Bengaluru:
  • 22 Carat Gold: ₹73,600 per 10 grams
  • 24 Carat Gold: ₹80,290 per 10 grams

Current Silver Prices: In addition to gold, silver prices have also been monitored across key markets:

• Hyderabad & Vijayawada: ₹1,07,000 per kg
• Visakhapatnam: ₹1,07,000 per kg
• Delhi: ₹98,000 per kg
• Mumbai: ₹98,000 per kg
• Bengaluru: ₹97,000 per kg
• Chennai: ₹1,07,000 per kg

Get Real-Time Updates

It’s important to note that these prices were recorded at 6 AM today. For those interested in the latest updates, you can easily stay informed by giving a missed call to 8955664433 to receive real-time prices for gold and silver.

As you prepare for your festive purchases this Diwali, consider these current gold and silver prices to make informed decisions. Whether it’s for jewelry or investment, being aware of market trends will help you navigate your options effectively. Enjoy the festivities and happy shopping!

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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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