market analysis Archives - Vizag One

Gold and Silver Prices Skyrocket in India: Latest Updates

Our Vizag — Sat, 14 Sep 2024 01:20:24 +0000

The prices of gold and silver in the country have sent shockwaves through the market. Following a sudden drop after the budget announcement, gold prices have been steadily declining. Gold holds a special place in Indian tradition, especially during weddings and auspicious occasions where gold shops are bustling with activity. However, recent developments have seen a surge in the price of gold against the backdrop of Libra.

On September 14th, the price of gold spiked to 1300 against the previous day’s rates, leaving many astonished, especially women who are active participants in the gold market. Currently, the domestic prices stand at Rs.68,260 for 10 grams of 22 carat gold and Rs.74,460 for 10 grams of 24 carat gold, with fluctuations expected based on regional dynamics.

In major cities like Chennai, Mumbai, Delhi, Hyderabad, Vijayawada, Bengaluru, and Kolkata, the prices of gold vary slightly but remain in the same range, signaling a broader trend in the market. Silver, following in gold’s footsteps, has also seen a significant increase in price, with a kilogram now priced at Rs.89,600 nationally and even higher in select regions like Chennai, Hyderabad, and Kerala where it stands at Rs.95,100.

The post Gold and Silver Prices Skyrocket in India: Latest Updates appeared first on Vizag One.

Gold and Silver Prices Update: Fluctuations and Trends in Major Indian Cities

Our Vizag — Tue, 27 Aug 2024 01:16:38 +0000

The price of gold is a topic that often captures the attention of investors and consumers alike. In recent times, the price of gold has been experiencing fluctuations, leading to speculation and analysis within the market. At one point, the price of 10 grams of gold was anticipated to reach the significant 80,000 mark. However, the reality has been quite different, with the price of gold either gradually decreasing or stabilizing in the past few days.

Most recently, on a Tuesday, the price of gold experienced a slight decrease. Currently, the price of 10 grams of 22 carat gold stands at Rs. 66,940, while the price of 24 carat gold is holding steady at Rs. 73,030. To provide a broader perspective on the gold market, let’s explore the current prices of gold in various major cities across India.

In the national capital, New Delhi, the price of 10 grams of 22 carat gold is Rs. 67,090, with 24 carat gold priced at Rs. 73,180. Moving to Mumbai, the financial hub of the country, 10 grams of 22 carat gold is priced at Rs. 66,940, and 24 carat gold is at Rs. 73,030. In Chennai, the price of 22 carat gold is also Rs. 66,940, while 24 carat gold remains at Rs. 73,030.

Kolkata residents can purchase 22 carat gold for Rs. 66,940 and 24 carat gold for Rs. 73,030. Bangalore offers 10 grams of 22 carat gold at Rs. 66,940 and 24 carat gold at Rs. 73,030. The trend continues in Hyderabad, Vijayawada, and Visakhapatnam with consistent prices for both types of gold.

Shifting focus to silver, the market has also witnessed a decline in prices. Across major cities in India, a kilogram of silver saw a reduction in price, reaching Rs. 100 in some regions. Notably, in Delhi, Mumbai, Kolkata, and Pune, the price per kilogram of silver is Rs. 87,800. Meanwhile, in Hyderabad, Vijayawada, Visakhapatnam, Chennai, and Kerala, silver is priced at a maximum of Rs. 92,800.

The post Gold and Silver Prices Update: Fluctuations and Trends in Major Indian Cities appeared first on Vizag One.

Gold and Silver Prices Surge Amid Festive Season: A Look at Rates in Major Indian Cities

Our Vizag — Wed, 14 Aug 2024 02:04:50 +0000

Amid the approaching Varalakshmi Vrat during Shravan Friday, the attention of the Maguvals turns to Pasidi. However, today delivered a surprise to women as gold prices in the country experienced a slight increase, with silver following suit. As of today, August 14th, the focus shifts to the prices of gold and silver in prominent cities across the nation, including Andhra Pradesh and Telangana.

Post the recent budget implementation by the Central government, the escalating prices of Pasidi and silver have left enthusiasts dismayed, who anticipated a decrease in gold prices. Analysts attribute this upward trend to the festive and wedding season of Shravan.

In Hyderabad, the current rate for 10 grams of 22-carat gold stands at Rs. 65,660, while the price for 10 grams of pure 24-carat gold has climbed to Rs. 71,630. These rates are consistent in major cities such as Vijayawada and Visakhapatnam in the Telugu states.

Across different cities in India, the price of 22-carat gold in Delhi is Rs. 65,810 for 10 grams, and 24-carat gold is priced at Rs. 71,780. In Chennai, the price for 22-carat gold is Rs. 65,660, and for 24-carat gold, it is Rs. 71,630. Mumbai witnesses similar rates, with 22-carat gold priced at Rs. 65,660 and 24-carat gold at Rs. 71,630. These prices are also reflected in Bengaluru and Kerala.

Regarding silver prices in major cities, the metal, being the second most popular after gold, garners significant interest, especially for gifting during weddings and events. The price of silver has marginally increased today in line with gold prices. The current rate for silver per kilogram is Rs. 83,600 as of August 14th. These prices are consistent in key cities like Hyderabad, Vijayawada, and Visakhapatnam in the Telugu states, while Kolkata witnesses a silver price of Rs. 83,600 per kilogram and Bangalore at Rs. 80,100.

Market experts anticipate a further rise in these prices in the days ahead, projecting that by the end of 2024, the price of gold may surpass Rs. 70,000. Please note that the gold and silver prices mentioned here are subject to fluctuations based on factors like GST and making charges and may not be absolutely accurate, as per information obtained from leading jewellers.

The post Gold and Silver Prices Surge Amid Festive Season: A Look at Rates in Major Indian Cities appeared first on Vizag One.