After hitting all-time high records, the gold rates have been on a downward trajectory. On the latest price updates, 24-carat gold has fallen by approximately Rs. 2,410 per 10 grams. Compared to the previous day’s prices, there has also been a slight decrease in the cost of gold, making it an attractive time for gold buyers. Meanwhile, silver prices have also dropped by Rs. 2,600 over the past three days.

Gold Prices in Hyderabad and Major Cities:

• Hyderabad:
  • 24-carat gold: Rs. 77,230 per 10 grams
  • 22-carat gold: Rs. 70,790 per 10 grams
  • Silver: Rs. 97,900 per kg
• Delhi:
  • 24-carat gold: Rs. 77,380 per 10 grams
  • 22-carat gold: Rs. 70,940 per 10 grams
• Mumbai, Kolkata, Bangalore, Chennai:
  • 24-carat gold: Rs. 77,230 per 10 grams
  • 22-carat gold: Rs. 70,790 per 10 grams

These prices were recorded early on Wednesday morning, so it’s always wise to check the current prices before making any purchases.

How to Check Latest Gold Prices:

To stay updated on the latest gold prices, you can simply give a missed call to 8955664433. It’s always best to keep track of fluctuations in gold prices, as they can change frequently based on market trends.

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Silver Prices on the Rise

Over the past year, silver prices have seen a remarkable increase. Analysts predict that this trend will continue due to several factors driving demand. Recently, the price of silver crossed Rs. 1 lakh per kilo, and experts believe the price of silver will only continue to rise in the coming years. A key reason for this is the increase in demand across various sectors, including artificial intelligence (AI) and solar power.

AI Technology and Silver

You might wonder, what does AI have to do with silver? Surprisingly, silver plays a significant role in the manufacturing of AI chips. As AI technology continues to expand, the demand for high-quality chips that use silver will increase. This could lead to a massive surge in silver demand, making it an essential resource for the growing AI sector.

Solar Power and Silver

In addition to AI, the solar power industry is another driving force behind the increasing demand for silver. Silver is a key component in solar cells due to its excellent conductivity. As the solar power industry continues to grow in India and globally, the demand for silver is expected to rise sharply. With the focus on renewable energy, silver’s role as a conductor in solar panels makes it even more valuable.

Why Consider Silver Over Gold?

While gold may always have its place in the market, silver offers a more accessible option for those who cannot afford gold at its high prices. Silver is considered more affordable, and its increasing demand across multiple industries makes it a smart investment choice. The 46% increase in silver prices in just one year is a testament to its growing value.

Looking to the Future

Experts predict that silver’s role in various industries, including technology and energy, will only grow in the future. Whether you’re looking for a more affordable investment or aiming to diversify your portfolio, silver may just be the answer.

With its potential for substantial growth, now could be the right time to consider silver as your next investment.

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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.

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Gold Prices in Major Telugu Cities

In Hyderabad, the price of 22-carat gold today is Rs. 73,550 per 10 grams, showing a slight drop from yesterday’s price of Rs. 73,540. Meanwhile, the price of 24-carat gold has dropped to Rs. 80,230 per 10 grams, down from Rs. 80,240 the previous day.

These prices are consistent in other major Telugu cities such as Vijayawada, Visakhapatnam, Poddutur, and Warangal, where the cost of 22-carat gold is Rs. 73,550 and 24-carat gold is Rs. 80,230.

For comparison, gold prices in other major cities are as follows:

• Chennai: 22-carat gold at Rs. 73,540, 24-carat gold at Rs. 80,230.
• Mumbai: 22-carat gold at Rs. 73,540, 24-carat gold at Rs. 80,230.
• Delhi: 22-carat gold at Rs. 73,690, 24-carat gold at Rs. 80,380.
• Bengaluru: 22-carat gold at Rs. 73,540, 24-carat gold at Rs. 80,230.

Silver Prices in Major Cities

Alongside gold, silver also continues to capture the attention of buyers and investors. As of today, silver prices have slightly decreased by Rs. 100, with the price for silver per kg now standing at Rs. 95,900 across the country.

In Telugu states, the silver price per kg is Rs. 96,353 in cities like Hyderabad, Vijayawada, and Visakhapatnam.

Silver is increasingly seen as a safe investment, and with the global fluctuations in the rupee-dollar exchange rate, silver may become even more expensive in the near future, depending on international market trends.

Conclusion

Gold and silver prices are fluctuating due to a variety of factors, including global economic conditions and seasonal demand during festivals. Buyers looking to invest in precious metals should monitor these price changes closely, as gold prices show signs of dropping after the peak of the festival and wedding season.

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The prices of gold and silver have been anything but stable over the past few years. While they have been on a rapid upward trend at times, there have also been instances where prices have decreased, creating a volatile market environment. Recently, the price of 10 grams of unalloyed gold crossed ₹80,000. Experts indicate that this trend may continue, with prices of both gold and silver potentially reaching new heights in the coming year.

On the auspicious occasion of Dev Diwali today, the price of 22-carat gold has seen a minor increase of ₹10, bringing it to ₹73,760 per 10 grams. Concurrently, the price of pure 24-carat gold is now ₹80,460.

Gold Prices in Major Cities

Telugu States:

• Hyderabad:
  • 22-carat gold: ₹73,760 (↑ ₹10 from Tuesday)
  • 24-carat gold: ₹80,460
• Vijayawada:
  • 22-carat gold: ₹73,760
• Visakhapatnam:
  • 22-carat gold: ₹73,760
• Poddutur:
  • 22-carat gold: ₹73,760

Other Major Cities:

• Delhi:
  • 22-carat gold: ₹73,910
  • 24-carat gold: ₹80,610
• Chennai:
  • 22-carat gold: ₹73,760
  • 24-carat gold: ₹80,460
• Mumbai:
  • 22-carat gold: ₹73,760
  • 24-carat gold: ₹80,460

Silver Prices in the Country

The silver market is following a similar trend to gold, with a notable increase in purchasing interest, especially during the Diwali festival. Silver is the second most purchased metal after gold and has become a reliable commodity for investment. However, today’s silver price has decreased slightly from yesterday’s levels. The current price of silver per kilogram is ₹1,06,800, reflecting a marginal drop of ₹100.

As the festive season continues, the market dynamics for gold and silver are likely to remain influenced by both demand and price fluctuations. Whether you’re investing or simply purchasing for celebrations, staying updated on these prices is essential.

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Business experts attribute this decline to a slight stabilization in global gold prices, coupled with the approaching elections in the United States. Here’s a detailed look at the current gold and silver prices in the Telugu states as of October 29, 2024.

Current Gold Prices in Telugu States

• Hyderabad:
  • 22 Carat Gold: Rs. 73,140 (decreased by Rs. 460)
  • 24 Carat Gold: Rs. 79,790 (decreased by Rs. 500)
• Vijayawada & Visakhapatnam:
  • 22 Carat Gold: Rs. 73,140
  • 24 Carat Gold: Rs. 79,790
• Delhi:
  • 22 Carat Gold (10 grams): Rs. 73,290
  • 24 Carat Gold (10 grams): Rs. 79,940
• Major Cities (Mumbai, Kolkata, Bangalore, Chennai):
  • 22 Carat Gold (10 grams): Rs. 73,140
  • 24 Carat Gold (10 grams): Rs. 79,790

Current Silver Prices

Silver prices have also seen fluctuations across the country. Following a decrease of about Rs. 6,000 since the end of last week, the prices have remained stable for the past three days but decreased slightly today.

• Hyderabad, Vijayawada, Visakhapatnam: Rs. 1,06,900 per kg
• Kolkata, Mumbai, Delhi: Rs. 97,900 per kg
• Bangalore: Rs. 96,900 per kg

Note that these prices were recorded at 6 AM today. It is advisable to check the latest prices before making any purchases.

For the most up-to-date gold prices, interested buyers can give a missed call to 8955664433.

The post Gold and Silver Prices Fluctuate Ahead of Diwali: Latest Updates appeared first on Vizag One.

As the festive season of Diwali draws near, gold lovers have received some golden news! After a substantial increase in gold prices over the last few days, there is now a welcome decline, making it an ideal time for prospective buyers to invest. With the international market’s fluctuations, inflation rates, and the rupee’s depreciation against the dollar playing pivotal roles, let’s take a closer look at the current gold and silver prices.

Current Gold Prices

In recent days, the prices of gold have shown some interesting trends. Just two days ago, 24-carat gold was priced at ₹82,000 per gram, while 22-carat gold was at ₹75,000. However, there has been a slight dip today, which has brought some relief to gold enthusiasts eager to make their purchases ahead of Diwali.

22-Carat Gold Prices:

• Hyderabad: ₹73,590
• Vijayawada: ₹73,590
• Bangalore: ₹73,590
• Mumbai: ₹73,590
• Kolkata: ₹73,590
• Delhi: ₹73,740
• Chennai: ₹73,590

24-Carat Gold Prices:

• Hyderabad: ₹80,280
• Vijayawada: ₹80,280
• Bangalore: ₹80,280
• Mumbai: ₹80,280
• Kolkata: ₹80,280
• Delhi: ₹80,430
• Chennai: ₹80,280

Silver Prices Following Gold

Silver prices are also reflecting a similar downward trend. On Monday, the price of silver dropped by ₹100 per kg, indicating a broader alignment with the fluctuations in gold prices. Here’s a snapshot of the current silver rates:

• Silver per kg in Hyderabad: ₹1,06,900
• Silver per kg in Chennai, Kerala, Vijayawada, and Visakhapatnam: ₹1,06,900
• Silver per kg in Mumbai, Delhi, Kolkata, Pune: ₹97,900
• Silver per kg in Bangalore: ₹96,900

Conclusion

As Diwali approaches, the slight decline in gold prices is indeed a blessing for buyers. With the ongoing fluctuations in the market, now is the perfect time to invest in gold and silver. Whether you’re purchasing jewelry for the festive season or looking for investment opportunities, the current prices make for an attractive proposition. Keep an eye on the market, and happy shopping!

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Current Gold Prices

On Thursday morning, October 24, gold prices saw a rise compared to the previous day. Here’s a breakdown of the rates for gold across different cities:

• National Rates:
  • 22 Carat Gold: ₹73,410 per 10 grams
  • 24 Carat Gold: ₹80,080 per 10 grams

City-wise Gold Rates:

• Hyderabad:
  • 22 Carat: ₹72,990
  • 24 Carat: ₹79,630
• Visakhapatnam & Vijayawada:
  • 22 Carat: ₹72,990
  • 24 Carat: ₹79,630
• Delhi:
  • 22 Carat: ₹73,140
  • 24 Carat: ₹79,780
• Mumbai:
  • 22 Carat: ₹72,990
  • 24 Carat: ₹79,630
• Chennai:
  • 22 Carat: ₹72,990
  • 24 Carat: ₹79,630
• Bengaluru:
  • 22 Carat: ₹72,990
  • 24 Carat: ₹79,630

Current Silver Prices

Silver prices are also witnessing a substantial increase. Here are the current rates for silver per kg:

• Hyderabad: ₹112,100
• Vijayawada & Visakhapatnam: ₹112,100
• Delhi: ₹104,100
• Mumbai: ₹104,100
• Bengaluru: ₹99,100
• Chennai: ₹112,100

Trends and Future Outlook

As the festive season approaches, the trend of rising prices for gold and silver is likely to persist. This is a time when families traditionally purchase gold and silver for gifting and investment, driving demand higher. Industry experts anticipate that prices could climb even further as we approach Diwali, making it an ideal time for potential buyers to monitor market trends closely.

Conclusion

With gold and silver prices on the rise, consumers are encouraged to stay informed about current rates and market dynamics. Whether you’re looking to invest or gift precious metals this Diwali, understanding these trends can help you make informed decisions. Keep an eye on the market as prices continue to fluctuate in the coming days.

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As of now, the price of gold has crossed the impressive ₹80,000 mark for 10 grams, currently standing at ₹80,610. This surge indicates a renewed interest and demand for gold, which often serves as a safe haven for investors during uncertain economic times. Meanwhile, the prices for 24-carat gold jewelry are pegged at ₹79,630 per 10 grams, while 22-carat gold is available for ₹72,990.

Silver is not far behind in this upward trajectory. The price of silver has also seen a remarkable increase, recently surpassing the ₹1 lakh mark for a kilogram. Presently, the price for a kilo of silver is more than ₹1,10,000. This rising trend in silver prices reflects a growing confidence among investors, who are increasingly recognizing silver’s potential as a valuable asset.

Factors influencing these price hikes include changes in global economic conditions, currency fluctuations, and heightened demand for these precious metals in various sectors, including jewelry and technology. As international markets fluctuate, consumers and investors alike are advised to keep a close eye on these developments.

For those looking to invest or purchase gold and silver, understanding the market trends is crucial. With prices on the rise, potential buyers may want to consider their timing and strategy to ensure they make informed decisions.

In conclusion, as the prices of gold and silver continue to climb, the demand for these timeless metals remains unwavering. Whether for investment or personal use, staying informed about market trends will be key for anyone interested in these precious resources.

The post Gold and Silver Prices on the Rise: What You Need to Know appeared first on Vizag One.

Currently, gold prices are as follows in different cities:

• In the national capital, New Delhi, the price of 22 carat gold is Rs. 72,560, while 10 grams of 24 carat gold costs Rs. 79,140.
• In Mumbai, the financial capital, 22 carat gold stands at Rs. 72,410, and 24 carat gold continues at Rs. 78,990.
• Chennai also sees 22 carat gold priced at Rs. 72,410, with 24 carat gold at Rs. 78,990.
• In Bangalore, 10 grams of 22 carat gold is Rs. 72,410, and 24 carat gold is consistent at Rs. 78,990.

Gold Prices in Telugu States:

• In Hyderabad, 22 carat gold is priced at Rs. 72,410, while 24 carat gold remains at Rs. 78,990.
• Similarly, Vijayawada reports 22 carat Tulam gold at Rs. 72,410, with 24 carat gold at Rs. 78,990.
• In Visakhapatnam, 10 grams of 22 carat gold is also Rs. 72,410, and 24 carat gold continues at Rs. 78,990.

Silver Prices:

Accompanying the rise in gold prices, there is a slight increase in silver as well. Today, the price of silver per kg has risen by Rs. 100, with the cost in cities like Delhi, Kolkata, Mumbai, and Pune set at Rs. 99,100. In Chennai, silver is priced at Rs. 1,05,100, while in Hyderabad, Vijayawada, and Visakhapatnam, it is also at Rs. 1,05,100.

These prices were recorded at 6 am today. For the latest prices of gold and silver, you can know through a missed call to 8955664433.

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