In the past week, gold and silver prices have dropped to record lows, bringing relief to many consumers who had been grappling with high prices. As of Friday morning, the rates recorded indicate a significant decrease in both precious metals.

Gold Prices

The price of 24-carat gold (10 grams) is now at Rs. 12,100, and 22-carat gold (10 grams) is priced at Rs. 11,100, marking a notable decrease. Over the past week, the price of pure gold (10 grams) has dropped by Rs. 3,830, causing a shift in the market.

In the major cities of Telugu states, including Hyderabad, Vijayawada, and Visakhapatnam, the price of 22-carat gold (10 grams) has reached Rs. 69,340, while the price of 24-carat gold (10 grams) continues at Rs. 75,640.

Silver Prices

Silver has also experienced a sharp drop in prices. The rate of silver per kilogram has decreased by Rs. 1,600. In Telugu states, the price of silver stands at Rs. 98,900 per kg in cities like Hyderabad, Chennai, Vijayawada, and Visakhapatnam. In other major cities like Delhi, Kolkata, Mumbai, and Bangalore, the silver price remains at Rs. 89,400 per kg.

Latest Updates

These are the prices recorded early Friday morning at 6 am. If you would like to get the latest updates on gold and silver prices, you can give a missed call to the mobile number 8955664433.

The post Gold and Silver Prices in Telugu States: A Record Drop in the Past Week appeared first on Vizag One.

Gold prices have experienced significant fluctuations, particularly since the tenure of former US President Donald Trump. Recent trends have shown a steep decline in gold prices, largely due to the actions of the US Federal Reserve and the global economic impacts of Trump’s policies. As gold and silver markets continue to react, here’s a detailed look at how the prices of precious metals have evolved and the current rates in major cities across India.

Gold Prices Take a Hit

Gold prices, which have been on a rollercoaster ride, took another dip recently. After the US Federal Reserve cut interest rates, the value of gold has been negatively impacted, with prices dropping significantly in the past few days. Here’s a breakdown of the latest gold rates:

22 Carat Gold Price:

• Delhi: Rs. 72,340
• Mumbai: Rs. 72,190
• Kolkata: Rs. 72,190
• Bangalore: Rs. 72,190
• Chennai: Rs. 72,190
• Hyderabad: Rs. 72,190
• Visakhapatnam: Rs. 72,190
• Vijayawada: Rs. 72,190

24 Carat Gold Price:

• Hyderabad: Rs. 78,750
• Visakhapatnam: Rs. 78,750
• Vijayawada: Rs. 78,750
• Delhi: Rs. 72,340
• Mumbai: Rs. 72,190
• Kolkata: Rs. 72,190
• Bangalore: Rs. 72,190
• Chennai: Rs. 72,190

As you can see, there’s a uniform price for 22-carat and 24-carat gold in cities like Hyderabad, Visakhapatnam, and Vijayawada, while Delhi reflects a higher rate for 22-carat gold.

Silver Prices Follow the Downtrend

Silver, which tends to follow the trend of gold, has also experienced a drop in the last few days. Silver prices have decreased by about Rs. 1,100 per kilogram recently. Below are the current silver prices in key Indian cities:

• Hyderabad: Rs. 1,01,900 per kilogram
• Bengaluru: Rs. 92,900 per kilogram
• Kolkata: Rs. 92,900 per kilogram
• Delhi: Rs. 92,900 per kilogram
• Mumbai: Rs. 92,900 per kilogram
• Chennai: Rs. 1,01,900 per kilogram

With silver prices in Hyderabad and Chennai crossing the one-lakh mark, the trend is becoming more noticeable across major cities.

Conclusion:

The ongoing fluctuations in the gold and silver markets are a direct response to the economic shifts occurring globally. While gold and silver prices have experienced a decline, they remain an important part of many investors’ portfolios. As the markets continue to react to global financial changes, the prices of these precious metals will likely keep fluctuating.

For now, if you’re looking to purchase gold or silver, the rates across cities like Hyderabad, Mumbai, Delhi, and Chennai remain relatively stable, but closely tracking these changes will be key for any potential investments.

The post Gold and Silver Prices See Sharp Decline: Latest Rates in Hyderabad and Across India appeared first on Vizag One.

In the Telugu states, including major cities like Hyderabad, Vijayawada, and Visakhapatnam, the prices for both 22-carat and 24-carat gold have seen slight decreases recently but remain high overall. As of today, the price for 22-carat gold stands at ₹70,990 per 10 grams, while 24-carat pure gold is priced at ₹77,440 per 10 grams. Meanwhile, in Delhi, the capital city, the price for 22-carat gold is ₹71,350 per 10 grams, and 24-carat gold is priced at ₹77,100 per 10 grams.

When it comes to silver, prices have also been climbing, reaching new highs in recent days. In Hyderabad, silver has surpassed the ₹1 lakh mark, with the current price per kilogram standing at ₹1,03,000. Conversely, in Delhi, silver remains slightly below the ₹1 lakh mark at ₹97,000 per kilogram.

Market experts attribute these fluctuations to various factors, including local taxes, which can cause regional differences in prices. Additionally, the ongoing depreciation of the rupee against the dollar has led to an increased cost of gold and silver imports, contributing to the overall rise in prices.

With Navratri and Dussehra in progress, many buyers are still keen on purchasing gold and silver, as these metals hold cultural and traditional significance during the festival season. However, those looking to invest may need to act quickly, as experts suggest that prices may continue to rise throughout the remainder of the festival season.

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