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.

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Current Gold and Silver Prices

As of today, the price of 22 carat gold is Rs. 72,990 per 10 grams, while the 24 carat gold is Rs. 79,630 per 10 grams. Yesterday, the prices were marginally higher at Rs. 73,000 for 22 carat gold and Rs. 79,640 for 24 carat gold. This shows a slight decrease in prices over the last 24 hours.

When it comes to silver, the price per kilogram has also decreased slightly. The current price of silver per kg is Rs. 91,900, a drop of Rs. 100 from yesterday’s value. However, the prices of both gold and silver are constantly changing and can fluctuate throughout the day due to various factors such as market trends, global economic conditions, and local demand.

Gold and Silver Prices in Major Cities:

Here’s a breakdown of gold and silver prices across some major cities:

• Chennai:
  • 22 Carat Gold: Rs. 72,990
  • 24 Carat Gold: Rs. 79,630
• Delhi:
  • 22 Carat Gold: Rs. 73,140
  • 24 Carat Gold: Rs. 79,980
• Mumbai:
  • 22 Carat Gold: Rs. 72,990
  • 24 Carat Gold: Rs. 79,630
• Hyderabad:
  • 22 Carat Gold: Rs. 72,990
  • 24 Carat Gold: Rs. 79,630
• Vijayawada:
  • 22 Carat Gold: Rs. 72,990
  • 24 Carat Gold: Rs. 79,630
• Kolkata:
  • 22 Carat Gold: Rs. 72,990
  • 24 Carat Gold: Rs. 79,630
• Bengaluru:
  • 22 Carat Gold: Rs. 72,990
  • 24 Carat Gold: Rs. 79,630

Factors Influencing Gold and Silver Prices

Gold continues to be a prime investment choice for many, especially during the wedding and festive seasons. The fluctuations in gold prices are influenced by several factors, including:

• Economic Conditions: Global economic uncertainties, inflation rates, and currency devaluation can push investors toward gold as a safe haven.
• Geopolitical Events: Political tensions, conflicts, and instability can drive up demand for gold as a protective asset.
• Supply and Demand: As the demand for gold increases, especially in emerging markets like India and China, prices tend to rise. Central banks of these countries are purchasing more gold, which could further drive up prices in the future.
• Market Movements: Fluctuations in the global market, including decisions made by the Federal Reserve and other financial bodies, also play a role in determining gold prices.

Experts predict that due to the rising gold purchases by central banks in emerging markets and the ongoing uncertainty in global markets, gold prices could experience an upward trend in the near future.

Conclusion

While gold prices have dipped slightly today, they are still near historical highs. Silver prices remain volatile, reflecting the changing market conditions. Whether you are investing in gold or buying it for weddings, these fluctuations are an essential consideration in today’s market.

The post Gold and Silver Prices Today: Slight Dip in Gold Rates, Silver Prices Continue to Fluctuate appeared first on Vizag One.

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.

Current Gold Prices:

• In Hyderabad, the price of 22-carat gold stands at ₹72,840 per 10 grams, while 24-carat gold is priced at ₹89,460.
• In Visakhapatnam and Vijayawada, the rates mirror those in Hyderabad, with 22-carat gold at ₹72,840 and 24-carat gold at ₹79,460.
• In the capital city, Delhi, 22-carat gold is priced at ₹72,990 and 24-carat gold at ₹79,610.
• Mumbai shows similar prices with 22-carat gold at ₹72,840 and 24-carat at ₹79,460.
• Chennai has prices aligned with the above cities, where 22-carat gold is ₹72,840 and 24-carat gold is ₹79,460.
• In Bengaluru, the prices are the same as those in Hyderabad: 22-carat gold at ₹72,840 and 24-carat gold at ₹79,460.

Current Silver Prices:

The silver market is also witnessing price movements. As of today:

• The price of silver per kg in Hyderabad is ₹1,09,900.
• In Vijayawada and Visakhapatnam, silver prices are similarly at ₹1,09,900.
• Delhi, Mumbai, and Bengaluru report silver prices at ₹1,01,900, while Bengaluru sees a slight difference with ₹1,01,100.
• Chennai has silver priced at ₹1,09,900.

This fluctuation in prices is typical as demand increases during the festive season, with consumers eager to purchase gold and silver for Diwali celebrations. As we progress through the festive period, it’s advisable for buyers to stay informed about the latest price trends.

The post Gold and Silver Prices Update: Diwali Demand Influences Market Fluctuations appeared first on Vizag One.

Gold prices, which had been stable for the past two days, experienced a drop on Monday. This change is particularly relevant for the Telugu states of Hyderabad, Vijayawada, and Visakhapatnam, where gold is highly sought after during festivals. In Hyderabad, the price of 24-carat gold dropped by Rs. 10 to Rs. 77,660 per 10 grams, while 22-carat gold now costs Rs. 71,190 for the same weight. Vijayawada and Visakhapatnam are seeing similar prices.

In other major cities, the gold price varies slightly. In Delhi, 24-carat gold is priced at Rs. 77,810 for 10 grams, while 22-carat gold costs Rs. 71,340. In Mumbai, the price of 24-carat gold is Rs. 77,660, and 22-carat gold remains at Rs. 71,190 for 10 grams.

Silver, another popular metal for purchases during festive seasons, is following gold’s trend. After a recent increase of Rs. 2,000 per kg, silver prices have now dropped slightly. On Monday, silver decreased by Rs. 100 and settled at Rs. 96,900 per kg in cities like Mumbai, Delhi, Kolkata, and Pune. In Hyderabad, Kerala, Chennai, Vijayawada, and Visakhapatnam, silver is priced higher, at Rs. 1,02,900 per kg, while Bangalore offers silver at Rs. 91,900 per kg.

With the recent dip in gold and silver prices, this may be an ideal time for consumers to make purchases ahead of the festive season.

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