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The Continued Decline in Gold and Silver Prices: What You Need to Know

Our Vizag — Tue, 03 Sep 2024 01:20:24 +0000

The downward trend in gold and silver prices continues as local markets experience a decline in demand from both jewelers and stockists. On Tuesday, gold prices fell once again, with Libra gold witnessing a substantial decrease of Rs.250 compared to the previous day.

According to the All India Bullion Association, traders attribute this latest price drop to the diminishing demand from local jewelers and stockists. The ongoing decrease in gold prices has been a notable trend in recent days.

As September begins, the downward movement in gold prices persists, as evidenced by the fall in gold rates on the 3rd of the month. Individuals planning to purchase gold or silver ahead of Ganesh Chaturthi are advised to check the current prices before making any transactions.

Here are the current rates for gold in various cities:

Mumbai: 22 carat 10 gm gold – Rs.66,690, 24 carat 10 gm gold – Rs.72,760
Delhi: 22 carat 10 gm gold – Rs.66,840, 24 carat 10 gm gold – Rs.72,910
Chennai: 22 carat 10 gm gold – Rs.66,690, 24 carat 10 gm gold – Rs.72,760
Hyderabad: 22 carat 10 gm gold – Rs.66,690, 24 carat 10 gm gold – Rs.72,760
Vijayawada: 22 carat 10 gm gold – Rs.66,690, 24 carat 10 gm gold – Rs.72,760
Kerala: 22 carat 10 gm gold – Rs.66,690, 24 carat 10 gm gold – Rs.72,760
Bengaluru: 22 carat 10 gm gold – Rs.66,690, 24 carat 10 gm gold – Rs.72,760

The price of silver has also seen a decline, currently standing at Rs.85,900 per kg.

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Gold and Silver Prices Update: Ups and Downs in the Market

Our Vizag — Sat, 31 Aug 2024 01:19:50 +0000

The recent fluctuations in the gold and silver market have kept investors on edge. Over the past few days, there has been a gradual decrease in the price of gold, albeit minimal in comparison to previous increases. Currently, the price of 24 carat 10 grams of gold stands at Rs. 73,000, marking a slight dip from recent highs. This downward trend was observed across major cities in the country last Saturday, with prices adjusting marginally downwards.

Let’s delve into the specifics of gold prices in various cities. In the national capital, Delhi, the price of 10 grams of 22 carat gold is Rs. 67,190, while 24 carat gold is trading at Rs. 73,290. Moving to Mumbai, the financial capital, 22 carat gold is priced at Rs. 67,040, and 24 carat gold at Rs. 73,140. Similar trends are seen in Chennai, Kolkata, and other major cities, with slight variations in prices.

Shifting focus to the Telugu states, Hyderabad witnessed 22 carat gold priced at Rs. 67,040 and 24 carat gold at Rs. 73,140. Vijayawada and Visakhapatnam also reflected similar price points for both carat categories.

In the realm of silver, the market echoes the movements of gold, experiencing a decline in prices across all major cities. The price of a kilogram of silver dropped by Rs. 100, with Delhi, Mumbai, and Bangalore recording prices of Rs. 87,900, Rs. 88,300, and Rs. 87,600, respectively. Notably, southern cities such as Chennai, Kerala, Hyderabad, Visakhapatnam, and Vijayawada display the highest silver prices at Rs. 92,900 per kilogram.

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