This fluctuation in gold prices has left many potential buyers wondering whether now is the right time to make a purchase. It is advisable to keep an eye on these trends before buying.

Gold Price in Hyderabad

As of the latest data, the price of 10 grams of 24-carat gold in Hyderabad stands at Rs. 77,670. The 22-carat gold price is slightly lower, at Rs. 71,210 per 10 grams.

In other major cities such as Kolkata, Chennai, Bangalore, Mumbai, and Kerala, the price of 22-carat gold is Rs. 71,060, while 24-carat gold is priced at Rs. 77,520 per 10 grams.

Silver Prices Decline

While gold prices have gone up, silver has seen a downward trend in recent days. In the past four days, silver prices dropped by about Rs. 2600, with a further reduction of Rs. 100 on the current day. As of the latest update, the price of one kilogram of silver is:

• Rs. 89,400 in Delhi, Kolkata, Bangalore, and Mumbai.
• Rs. 97,800 in Hyderabad, Visakhapatnam, and Vijayawada.
• Rs. 97,900 in Kerala and Chennai.

What to Keep in Mind Before Buying Gold

It is important to stay updated on the current market prices before making any gold purchases, as fluctuations can happen frequently. For the most accurate and timely updates on gold prices, you can check the latest rates or give a missed call to 8955664433 for real-time price information.

The post Gold Prices See a Slight Increase After Recent Drop: Current Rates in Hyderabad appeared first on Vizag One.

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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Gold and silver prices in India are largely influenced by various factors, including global market demand, the value of the Indian rupee against the US dollar, and international gold rates. Additionally, domestic taxes, interest rates, and demand for physical gold also play a significant role in determining the daily fluctuations.

Let’s take a closer look at the gold and silver prices in some of the major cities across India:

• Chennai: The price of 22-carat gold for 10 grams is ₹71,210, while 24-carat gold for 10 grams is priced at ₹77,680.
• Mumbai: The price of 22-carat gold for 10 grams is ₹71,210, and 24-carat gold stands at ₹77,680.
• Delhi: Here, the price of 22-carat gold for 10 grams is slightly higher at ₹71,360, with 24-carat gold priced at ₹77,830.
• Hyderabad: 10 grams of 22-carat gold is priced at ₹71,210, while 24-carat gold is ₹77,680 for the same weight.
• Vijayawada: Gold prices mirror those in Hyderabad, with 22-carat gold priced at ₹71,210 and 24-carat gold at ₹77,680.
• Bengaluru: 10 grams of 22-carat gold costs ₹71,210, while 10 grams of 24-carat gold is priced at ₹77,680.
• Kerala: Similar to other southern cities, the price of 22-carat gold for 10 grams is ₹71,210, while 24-carat gold costs ₹77,680.

Silver Prices
While gold prices saw a slight rise, silver prices dipped marginally. The current price of silver in the country is ₹94,900 per kilogram, reflecting a small decline in comparison to the previous days.

Factors Influencing Gold and Silver Prices:

The prices of gold and silver in India fluctuate based on several factors:

1. Global Market Demand: High demand for gold in international markets, especially for investment purposes, directly impacts local prices.
2. Currency Exchange Rates: The value of the Indian rupee against the US dollar influences gold prices in India.
3. Taxes and Interest Rates: Local taxes, transportation costs, and interest rates also affect prices, which can vary from city to city.
4. Local Demand: Seasonal and festival demand for gold in India also plays a major role in determining gold prices. Gold jewelry, which is highly sought after during weddings and festivals, drives price changes.
5. Supply Chain Costs: Factors such as transportation, dealer margins, and bullion association rates lead to minor variations in gold prices across different cities.

As these gold prices fluctuate daily, it’s important for investors and buyers to stay updated with the latest trends. Gold remains one of the most trusted forms of investment for Indians, especially during times of economic uncertainty.

The post Gold and Silver Prices in India Rise Slightly on October 5, 2024 appeared first on Vizag One.

Gold Prices in Major Indian Cities:

• Chennai: ₹71,100 (22 carat), ₹77,560 (24 carat)
• Mumbai: ₹71,100 (22 carat), ₹77,560 (24 carat)
• Delhi: ₹71,250 (22 carat), ₹77,710 (24 carat)
• Hyderabad: ₹71,100 (22 carat), ₹77,560 (24 carat)
• Vijayawada: ₹71,100 (22 carat), ₹77,560 (24 carat)
• Bengaluru: ₹71,100 (22 carat), ₹77,560 (24 carat)
• Kerala: ₹71,100 (22 carat), ₹77,560 (24 carat)

While gold prices continue to fluctuate, silver remains stable at ₹95,000 per kilogram.

Understanding Gold Purity:

It is essential to be aware of the purity of gold before making any purchase. The purity of gold is determined by the hallmark issued by the Indian Standard Organization (ISO). Here’s a quick guide to the markings on gold jewellery:

• 24 carat: 999
• 23 carat: 958
• 22 carat: 916
• 21 carat: 875
• 18 carat: 750

Gold in India is predominantly sold as 22 carat, though 18 carat is also commonly used.

As gold prices fluctuate daily, it’s important to stay updated to make informed buying decisions, whether for investment purposes or traditional purchases.

The post Gold Prices Surge Again: 22 Carat Hits ₹71,100, 24 Carat at ₹77,560 appeared first on Vizag One.

Last Friday (September 5), the Indian bullion market saw a drop in gold prices, signaling a continuation of the downward trend since the budget. Silver prices are also following suit, with a decrease of Rs. 100 in the scale. Presently, the domestic price stands at Rs. 72,750 for 10 grams of 24-carat gold, while 22-carat gold is priced at Rs. 66,680 for the same weight.

Taking a closer look at major cities across the country, we find varying prices. In Delhi, 10 grams of 22-carat gold is priced at Rs. 66,830, and 24-carat gold at Rs. 72,900. Moving to Chennai, the prices are Rs. 66,680 for 22-carat and Rs. 72,750 for 24-carat gold. Similarly, Mumbai, Hyderabad, Vijayawada, Bengaluru, and Kolkata show consistent patterns in gold pricing.

Experts in the bullion market are anticipating a rise in gold prices, with international firms like Goldman Sachs predicting a potential surge to $2,700 an ounce by early 2025. Investors are advised to keep an eye on these developments and maintain faith in the enduring value of gold.

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