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 Prices Update (November 7, 2024)

The prices of gold have been fluctuating over the past few years, with no clear stability. Even during festival seasons and weddings, the market has seen ups and downs. However, the recent decrease in gold prices has led many investors to focus on gold and silver as potential assets.

• Today’s Gold Price in Hyderabad (Telugu States):
  • 22 Carat Gold: ₹73,6610 per 10 grams (a slight increase of ₹10)
  • 24 Carat Gold: ₹80,360 per 10 grams (a ₹10 increase)
  These prices are consistent across other major cities in the Telugu states, including Vijayawada, Visakhapatnam, Poddutur, and Warangal.
• National Gold Prices:
  • In Delhi, 22 carat gold is priced at ₹73,810 and 24 carat at ₹80,510.
  • In Mumbai, 22 carat gold costs ₹73,660, while 24 carat remains at ₹80,360.
  • In Chennai and Bangalore, the prices of both 22 carat gold (₹73,660) and 24 carat gold (₹80,360) are similar.

Silver Price Update

In recent months, silver prices have experienced significant fluctuations, with a notable rise during the Dussehra and Diwali periods, where the price of a kilogram of silver crossed one lakh rupees. Silver is highly valued in India, especially for gifts during weddings and festive occasions.

• Today’s Silver Price:
  • In Hyderabad, the price of 1 kilogram of silver stands at ₹1,04,900.
  • Across the country, the price of 1 kilogram of silver has dropped slightly to ₹95,900, reflecting a decrease from its earlier high.

Summary

The gold and silver markets in India are dynamic and subject to frequent changes. As of today, gold prices have risen slightly in most major cities, with Hyderabad witnessing prices of ₹73,6610 for 22 carat and ₹80,360 for 24 carat gold. Meanwhile, silver prices have slightly reduced but are still higher than normal, with Hyderabad seeing a price of ₹1,04,900 per kilogram.

For investors and buyers, it is crucial to monitor these price trends, as they can offer valuable opportunities for purchasing or investing in gold and silver.

Conclusion: With the fluctuations in gold and silver prices, it’s essential for investors to stay informed about the market trends. Whether you’re looking to invest or make a purchase, knowing the current prices across major cities in Telugu states and nationwide will help you make the right decisions during this festive season.

The post Gold and Silver Price Update: Trends in Telugu States and Major Indian Cities (November 7, 2024) appeared first on Vizag One.

Recent Trends in Gold Prices

Following a period of significant increases leading up to Diwali, gold prices have experienced a notable drop post-festival. On November 1, prices fell sharply, and on the following day, they decreased by an additional ₹150. As of Sunday, the market has stabilized, though it continues to be influenced by international gold and silver reserves and various uncertainties in the global market.

Here’s a look at the latest gold prices across major cities as of Sunday:

• Delhi:
  • 22 Carat Gold: ₹73,800
  • 24 Carat Gold: ₹80,550
• Mumbai:
  • 22 Carat Gold: ₹73,700 (decreased by ₹10)
  • 24 Carat Gold: ₹80,400
• Bangalore:
  • 22 Carat Gold: ₹73,700
  • 24 Carat Gold: ₹80,400
• Telugu States (Hyderabad, Vijayawada, Visakhapatnam):
  • 22 Carat Gold: ₹73,700
  • 24 Carat Gold: ₹80,400

Silver Prices Update

Silver prices are also showing some fluctuations in line with gold trends. Recently, there was a drop of ₹3,000 per kg on November 1. Currently, silver prices stand at:

• Hyderabad, Vijayawada, Visakhapatnam: ₹1,06,000 per kg
• Delhi, Mumbai, Bangalore: ₹97,000 per kg
• Chennai: ₹1,06,000 per kg

Conclusion

Before purchasing gold, it’s crucial to check the latest prices to ensure you are making a wise investment. For the most current gold rates, you can give a missed call to 8955664433. With prices stabilizing, this is an ideal time for gold enthusiasts to consider adding to their collections.

The post Stable Gold Prices Bring Good News for Buyers appeared first on Vizag One.