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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The recent heavy rains sweeping through the upper regions have led to significant flooding in the Telugu states, causing all major projects to reach full capacity. As the Godavari River swells, the region is experiencing a deluge that is raising water levels in key reservoirs and prompting authorities to issue warnings to residents in lower areas.

Nagarjuna Sagar Reservoir Overflow

Nagarjuna Sagar has once again become a focal point of concern, with an impressive inflow of 74,000 cusecs entering the reservoir. The current water level has reached 590 feet, nearing the project’s full capacity. Officials are advising those in lower-lying areas to remain vigilant, as the risks of flooding increase. Despite the dangers, the heavy flow of water has attracted many tourists who wish to witness the magnificent sight.

Srisailam Reservoir Update

The Srisailam reservoir continues to experience flooding, with a total inflow recorded at 1,29,562 cusecs, while outflows are at 95,699 cusecs. Currently, the water level is at 885 feet, with storage capacity standing at 213.4 TMC. The hydropower stations on both banks of the Srisailam project are operating at full capacity, contributing to power generation amidst the crisis.

Jurala and Tungabhadra Projects

The Jurala project is also feeling the effects of the torrential rains, with inflow levels climbing to 75,000 cusecs. In total, the project is currently releasing 85,356 cusecs of water downstream. Meanwhile, the Tungabhadra reservoir is experiencing significant inflow, with approximately 60,000 cubic meters of water being released through eight gates. The Sunkesula barrage in Kurnool district is under scrutiny as officials have raised 22 spillway gates to release 93,324 cusecs of water downstream, indicating the severity of the situation.

Krishnamma River Rising

The Krishnamma River is also swelling, with 84,297 cusecs of water coming from upstream at the Prakasam barrage. The water level has surged to 12 feet, leading to the release of 6,547 cusecs to the right and left canals. Authorities remain on alert, as predictions suggest that the flooding may worsen.

Overall, the floods resulting from heavy rains in the upper states have transformed the reservoirs across the Telugu states into overflowing projects. While the natural spectacle draws tourists, local authorities emphasize the importance of preparedness and safety for residents in the affected areas.

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Changing Investment Preferences

Historically, gold was primarily associated with jewelry, serving as a status symbol and a cherished asset for emergencies. However, as economic circumstances evolve, individuals are now recognizing gold’s potential as a solid investment. This shift is evident as more people move away from real estate investments and gravitate toward precious metals like gold and silver.

Current Gold Prices in Telugu States

On the auspicious occasion of Durgashtami, let’s take a closer look at the current gold prices in the Telugu states. As of today, October 10th, the price of 10 grams of 22-carat gold in Hyderabad stands at ₹70,290, a slight decrease of ₹10. Meanwhile, 24-carat gold is priced at ₹76,680 for the same quantity. These prices remain consistent in major cities across Andhra Pradesh, including Vijayawada and Visakhapatnam.

Gold Prices in Major Cities Across India

As the demand for gold surges, here are the current prices for gold in various key cities:

• Chennai:
  • 22-carat gold: ₹70,290
  • 24-carat gold: ₹76,680
• Mumbai:
  • 22-carat gold: ₹70,290
  • 24-carat gold: ₹76,680
• Delhi:
  • 22-carat gold: ₹70,440
  • 24-carat gold: ₹76,830
• Bangalore:
  • 22-carat gold: ₹70,290
  • 24-carat gold: ₹76,680
• Kerala:
  • 22-carat gold: ₹70,290
  • 24-carat gold: ₹76,680

The Growing Demand for Silver

In addition to gold, silver (referred to as pasidi in Telugu) is also witnessing an upsurge in demand. Traditionally seen as a more accessible investment, silver is becoming increasingly popular among those looking to diversify their portfolios. As people celebrate festivals like Navratri, the inclination to purchase silver items for religious and cultural significance adds to its appeal.

Conclusion

As we celebrate the Navratri festival, the trends in gold and silver prices reflect a broader shift in investment strategies among the populace. The current prices in major cities indicate a growing recognition of precious metals as valuable assets. With fluctuating market conditions and the ongoing demand for these metals, investing in gold and silver remains a prudent choice for many.

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Recently, a cloud of controversy has enveloped the revered Tirumala Laddu, with accusations of using substandard ingredients like animal fat and inferior ghee. This revelation has deeply hurt the sentiments of devotees, sparking widespread outrage and demands for justice. The debate has now extended to two Telugu states, where voices are calling for accountability and transparency in the preparation of this sacred offering.

Notable personalities, including renowned actress Pranita Subhash, have weighed in on the issue, condemning the use of animal fat in the Srivari Laddu. Pranita, known for her contributions to Telugu cinema, expressed her dismay at the situation and urged for strict actions against those responsible for tarnishing the sanctity of the revered laddu.

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The officials shortlisted the applicants for these posts on the basis of merit. The second list of the selected candidates for the jobs was released on September 17. There are 2,336 total posts in Telugu states. Of these, Andhra Pradesh has 1,355 posts, while Telangana has filled 981 posts. In the recently released second merit list, 664 people from AP and 468 people from Telangana were shortlisted. The list of selected candidates is made available on the website. All of them were shortlisted on the basis of a computer-generated method, preference of marks, and the rule of reservation.

All the selected candidates will have to appear for the verification of certificates by 3rd October. The final results will be announced after the examination of the certificates. Candidates selected for these posts will have to serve as Branch Postmaster and Assistant Postmaster in the respective postal departments. Candidates attending the verification of certificates must carry the following certificates along with them:

• Online application for the application process
• 10th Class Marks Memo regarding date of birth verification
• Study certificates from 6th to 10th class
• Passport size photographs of the candidate
• Transfer Certificate, Caste Certificate
• Aadhaar card, Income certificate
• Disability certificate if disabled
• Medical certificate

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As the festivities culminate in the transition of Ganapayya from devotees’ adoration to the embrace of Gangamma, all eyes turn to the laddu auction in Bhagyanagar, where the anticipation for Ganasathudi’s laddu velam song reaches a fever pitch. Last year’s staggering bid of 27 lakhs for the Balapur laddoos has set the stage for an even more thrilling auction this year, with speculations rife on the potential price surge.

In a significant twist to the traditional proceedings, a new rule has been introduced for this year’s Balapur Ganesh Laddu auction. Participants are now required to deposit the previous year’s auction amount to secure a spot in the bidding process, leveling the playing field and intensifying the competition among both locals and non-locals vying for the prized laddu.

Prominent figures such as Lingala Dasharath Goud, Praneet Reddy, Kolan Shankar Reddy, and Lakshminarayana add to the allure of the auction, underscoring its cultural significance and community participation. The milestone of completing three decades of the Balapur Ganesh Laddu Auction marks a testament to its enduring appeal and legacy, with each year promising new milestones and fervent bidding wars.

As the auction date approaches, the excitement mounts, with expectations high for another record-breaking bid that will etch its name in the annals of this storied tradition. The vibrant atmosphere of Bodrai square sets the stage for the spirited auction, followed by a grand procession towards Tank Bund, carrying forth the spirit of devotion and celebration that defines this cherished event.

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The damage caused by the floods has directly impacted the availability and affordability of vegetables for the local population. As the prices soar, many are expressing concerns about their ability to purchase essential food items.

In areas like Karimnagar district, where heavy rains have wreaked havoc on vegetable gardens, the yield has drastically decreased. Submerged crops and lost harvests have further exacerbated the scarcity, pushing prices to unprecedented levels.

Currently, the market reflects this crisis, with almost all varieties of vegetables hitting century marks in terms of pricing. Tomatoes, green chillies, legumes, berkaya, okra, carrots, cauliflower, greens, coriander, and mint are among the commodities witnessing sharp price hikes.

Previously, a modest sum of three hundred rupees could sustain a family for a week, but now, the same amount barely covers two days’ worth of vegetables. Onion prices have also surged, adding to the financial burden on consumers.

Traders anticipate that these elevated prices will persist until the arrival of new crops, prolonging the strain on household budgets. The community is calling for measures to ensure that vegetables remain affordable and accessible to all, especially amidst the current economic challenges.

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The Prime Minister’s initiative aims to improve transportation facilities for the people, with a specific focus on enhancing rail connectivity. Union Minister G. Kishan Reddy shared details regarding the allocation of two additional Vande Bharat trains to the Telugu states. Currently, four Vande Bharat trains operate from Secunderabad railway station. Kishan Reddy revealed that the Prime Minister has sanctioned the introduction of the 5th Vande Bharat train, which will operate between Secunderabad and Nagpur.

In a similar vein, another Vande Bharat train route will connect Visakha and Durg in Chhattisgarh. These two trains will be inaugurated by the Prime Minister from Ahmedabad on September 16th, alongside the flagging off of 10 Vande Bharat trains nationwide. Kishan Reddy emphasized the popularity of Vande Bharat trains among the public, citing their high occupancy rates exceeding 100% by the financial year 2024-2025. The central government plans to extend these services to cover more areas to meet the growing demand.

The Secunderabad-Nagpur Vande Bharat Train’s schedule includes departure from Nagpur at 5:00 AM, arrival at Secunderabad at 12:15 PM, and return journey starting from Secunderabad at 1:00 PM, reaching Nagpur at 8:20 PM. This train’s route includes stops at Kazipet, Ramagundam, Balharsha, Chandrapur, and Sevagram stations, covering a 578 km journey in 7.15 hours.

For passengers in Andhra Pradesh, the Vandebharat Express from Visakha to Durg region in Chhattisgarh will pass through Raipur, Mahasamund, Khariar Road, Kanthabanji, Titlagarh, Kesinga, Raigad, and Vizianagaram. Kishan Reddy highlighted that this service will cater to passengers from three states: Andhra Pradesh, Chhattisgarh, and Odisha.

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Current Gold Prices in Major Telugu States

In Hyderabad, the price for 22-carat gold has reached Rs. 67,160 for 10 grams. Meanwhile, the price of 24-carat pure gold for the same quantity is Rs. 73,260. These prices are consistent in other significant cities of Andhra Pradesh, such as Vijayawada and Visakhapatnam.

National Gold Prices

Looking at gold prices in major cities across the country:

• In Delhi, the price of 22-carat gold is Rs. 67,310, while 24-carat gold is priced at Rs. 73,410.
• In Chennai, 22-carat gold is also at Rs. 67,160, with 24-carat gold priced at Rs. 73,260.
• In Bengaluru, the prices mirror those in Chennai, with 22-carat gold at Rs. 67,160 and 24-carat gold at Rs. 73,260.
• Similarly, in Kolkata, the price for 22-carat gold stands at Rs. 67,160, and 24-carat gold at Rs. 73,260.
• These prices remain the same in Mumbai and Kerala, the latter being known for its deep-rooted gold culture.

Marketing experts indicate that fluctuations in gold prices are influenced by various factors, including RBI interest rates and Federal Reserve interest rates.

Silver Prices in the Country

Silver prices have also seen some movement, having reached a kilo lakh mark previously before coming down again. On September 12, the price of silver per kg saw a slight increase, rising from Rs. 86,500 to Rs. 86,600. In Hyderabad, the silver price currently stands at Rs. 91,600, a figure that remains consistent in Vijayawada and Visakhapatnam.

As the precious metals market continues to experience fluctuations, it remains essential for consumers and investors to stay informed about the latest prices and trends.

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