The market for gold has been on a rollercoaster recently, with prices fluctuating unpredictably. However, for the second day in a row, prices have dropped, offering relief and excitement for buyers, particularly women preparing for weddings or festive shopping.

In Hyderabad, the price of:

• 22-carat gold is now ₹70,890 for 10 grams.
• 24-carat gold costs ₹77,340 for 10 grams.

These rates are consistent in Visakhapatnam and Vijayawada as well.

Comparative Gold Prices Across Cities

• In New Delhi, 22-carat gold is priced at ₹71,040, while 24-carat gold is ₹77,490.
• In cities like Mumbai, Kolkata, and Bangalore, prices remain slightly different, reflecting regional market dynamics.

Silver Prices Also Decreasing

Not just gold, but silver prices have also witnessed a dip:

• In Hyderabad, Visakhapatnam, and Vijayawada, 1 kg of silver is priced at ₹98,800.
• In major metros like Mumbai, Delhi, Kolkata, and Bangalore, the price per kg of silver is ₹91,300.

Why Now is a Great Time to Buy

For those planning investments, weddings, or festive purchases, this decline in gold and silver prices offers an ideal opportunity. The decrease in prices might not last long, given the volatile nature of the precious metal market.

Make the most of this golden opportunity and check with your local jeweler for updated prices.

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Gold Prices Dip Ahead of Dussehra Festivities

On Friday, gold prices dropped for the third consecutive day, bringing joy to both men and women eagerly anticipating lower prices for festive purchases. In Hyderabad, 24-carat gold is priced at ₹76,630 for 10 grams, while 22-carat gold is priced at ₹70,240. These same rates are reflected in Vijayawada and Visakhapatnam, allowing gold enthusiasts in these cities to enjoy the price dip just in time for Dussehra.

In other major cities, gold prices also show a downward trend. For instance, in Delhi, the price of 24-carat gold stands at ₹76,780 per 10 grams, with 22-carat gold at ₹70,390. Meanwhile, Mumbai follows closely with prices similar to those in Hyderabad: ₹76,630 for 24-carat gold and ₹70,240 for 22-carat gold.

Silver Prices Drop in Sync with Gold

It’s not just gold that’s becoming more affordable—silver prices are also following suit. On Friday, silver dropped by ₹100, bringing the price per kilogram to ₹93,900 in cities like Mumbai, Delhi, Kolkata, and Pune. In Hyderabad, Kerala, Chennai, Vijayawada, and Visakhapatnam, silver prices are slightly higher at ₹99,900 per kilogram. However, Bangalore offers a more economical option, with silver priced at ₹84,900 per kilogram.

Factors Behind the Price Drop

The recent decline in gold and silver prices can be attributed to various factors, including international market trends and fluctuations in the value of the rupee. These drops are encouraging more buyers to invest in these metals ahead of Dussehra, a time when gifting gold and silver is considered highly auspicious.

Best Time to Buy?

For those looking to purchase gold or silver, the current price trend could be a perfect opportunity. With prices showing a decrease over the past few days, this may be an ideal time to make that long-awaited purchase. However, always keep an eye on market trends as they can be unpredictable, especially around festive seasons.

The post Gold and Silver Prices Today: Falling Gold Prices Bring Festive Cheer Ahead of Dussehra appeared first on Vizag One.

Recently, the price of gold experienced a significant decrease, but it is now showing signs of an upward trend. Customers are eager to stay updated on the current prices, especially during the auspicious month of Shravana and the wedding season, when bridegrooms are keen to purchase gold for special occasions.

As of now, the price of 10 grams of 24 carat gold stands at Rs.72,640, while 22 carat gold is priced at Rs.66,590, reflecting a decrease of Rs.10. Silver is priced at Rs.86,600 per kilogram, with slight variations in different cities.

In Hyderabad, the price of 22 carat gold is Rs.66,590, while 24 carat gold costs Rs.72,640. Similarly, in Visakhapatnam and Vijayawada, the prices are consistent with Hyderabad. Delhi offers 22 carat gold for Rs.66,740 and 24 carat gold for Rs.72,790.

In Mumbai, Chennai, and Bangalore, the prices for 22 and 24 carat gold remain consistent with slight variations. Silver prices also fluctuate across different cities, with Delhi and Mumbai offering it at Rs.86,600 per kilogram, Bangalore at Rs.81,900, and Chennai, Hyderabad, Visakhapatnam, and Vijayawada at Rs.91,600.

Stay informed about these price trends to make informed decisions when investing in precious metals.

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