Gold Prices Surge Across India

Gold prices change daily based on several factors, including international market developments, the storage of gold reserves, and demand fluctuations. After experiencing a dip in recent weeks, gold prices are back on the rise. Currently, the price of 24-carat pure gold has increased by Rs. 430, bringing the rate to Rs. 78,990 per 10 grams. Meanwhile, the price of 22-carat gold has gone up by Rs. 390, reaching Rs. 72,410 per 10 grams.

Experts point to factors such as global market uncertainty, currency fluctuations, and the accumulation of gold reserves by central banks as the primary reasons for the recent price hikes.

Let’s take a look at the latest gold prices in some of the major cities across India.

Gold Prices in Major Cities (22K and 24K)

• New Delhi
  • 22-carat gold: Rs. 72,930
  • 24-carat gold: Rs. 79,570
• Mumbai
  • 22-carat gold: Rs. 72,800
  • 24-carat gold: Rs. 79,420
• Chennai
  • 22-carat gold: Rs. 72,800
  • 24-carat gold: Rs. 79,420
• Bangalore
  • 22-carat gold: Rs. 72,800
  • 24-carat gold: Rs. 79,420

Gold Prices in Telugu States

• Hyderabad
  • 22-carat gold: Rs. 72,800
  • 24-carat gold: Rs. 79,420
• Vijayawada
  • 22-carat gold: Rs. 72,800
  • 24-carat gold: Rs. 79,420
• Visakhapatnam
  • 22-carat gold: Rs. 72,800
  • 24-carat gold: Rs. 79,420

Silver Prices Remain Steady

While gold prices saw a significant rise, silver prices have largely remained steady. On Sunday, the price of 1 kg of silver was recorded at Rs. 99,500 in cities such as Delhi, Kolkata, Mumbai, and Pune. However, silver prices were slightly higher in southern cities like Chennai, Hyderabad, Vijayawada, and Visakhapatnam, where 1 kg of silver is priced at Rs. 1,07,000.

What’s Driving the Gold Price Surge?

The recent hike in gold prices can be attributed to global market fluctuations. Uncertainty in the international market, especially with regard to economic developments, currency values, and geopolitical tensions, often drives up the demand for gold, leading to higher prices. Additionally, central banks around the world have been increasing their gold reserves, further pushing up demand and prices.

How to Check Gold Prices?

If you want to stay updated on the latest gold and silver prices, you can easily do so by giving a missed call to 8955664433. This service will provide the latest rates, so you can make informed decisions when buying or selling gold and silver.

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