Recent Trends in Gold Prices

Following a period of significant increases leading up to Diwali, gold prices have experienced a notable drop post-festival. On November 1, prices fell sharply, and on the following day, they decreased by an additional ₹150. As of Sunday, the market has stabilized, though it continues to be influenced by international gold and silver reserves and various uncertainties in the global market.

Here’s a look at the latest gold prices across major cities as of Sunday:

• Delhi:
  • 22 Carat Gold: ₹73,800
  • 24 Carat Gold: ₹80,550
• Mumbai:
  • 22 Carat Gold: ₹73,700 (decreased by ₹10)
  • 24 Carat Gold: ₹80,400
• Bangalore:
  • 22 Carat Gold: ₹73,700
  • 24 Carat Gold: ₹80,400
• Telugu States (Hyderabad, Vijayawada, Visakhapatnam):
  • 22 Carat Gold: ₹73,700
  • 24 Carat Gold: ₹80,400

Silver Prices Update

Silver prices are also showing some fluctuations in line with gold trends. Recently, there was a drop of ₹3,000 per kg on November 1. Currently, silver prices stand at:

• Hyderabad, Vijayawada, Visakhapatnam: ₹1,06,000 per kg
• Delhi, Mumbai, Bangalore: ₹97,000 per kg
• Chennai: ₹1,06,000 per kg

Conclusion

Before purchasing gold, it’s crucial to check the latest prices to ensure you are making a wise investment. For the most current gold rates, you can give a missed call to 8955664433. With prices stabilizing, this is an ideal time for gold enthusiasts to consider adding to their collections.

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