Gold Price Decrease due to American Interest Rate Hike Signs
The price of gold has fallen significantly in the international market as bond yields strengthen, indicating an upcoming increase in interest rates in the United States.
Current Gold and Silver Prices
Currently, one ounce (28.35 grams) of gold is valued at $1,922. In our country, the price of 10 grams of ornament gold has decreased by ₹350, and the price of pure gold has decreased by ₹380. The silver rate has dropped to ₹500 per kilogram.
Gold and Silver Rates in Telugu States
Gold Rates in Telangana
In the Hyderabad market, the price of 10 grams of 22-carat gold has reached ₹54,100, while 10 grams of 24-carat gold is priced at ₹59,020. The price of silver per kilogram in the Hyderabad market is ₹75,700, and the same price is applicable across Andhra Pradesh and Telangana.
Gold Rates in Andhra Pradesh
In Vijayawada, the price of 10 grams of 22-carat ornament gold has reached ₹54,100, and the price of 24-carat biscuit gold is ₹59,020. The silver price per kilogram in Vijayawada is ₹75,700, and the gold rate in Visakhapatnam is the same as in Vijayawada for gold and silver.
Gold Rates in Major Cities Today
Chennai
The price of 10 grams of 22-carat jewelry gold is ₹54,560 today, and 10 grams of 24-carat gold is priced at ₹59,520. The same rates apply in Coimbatore.
Mumbai
In Mumbai, the price of 10 grams of 22-carat gold is ₹54,100, and the price of 24-carat gold is ₹59,020. The same rates apply in Pune.
Delhi
The gold price for 10 grams of 22-carat jewelry is ₹54,250, while 10 grams of 24-carat gold costs ₹59,170. The same rates apply in Jaipur and Lucknow.
Kolkata
The price of 10 grams of 22-carat jewelry gold in Kolkata is ₹54,100, and 10 grams of 24-carat gold is priced at ₹59,020. The same rates apply in Nagpur.
Bangalore
In Bangalore, the price of 10 grams of 22-carat jewelry gold is ₹54,100, and the price of 24-carat gold is ₹59,020. The same rates apply in Mysore.
Kerala
The price of 10 grams of 22-carat jewelry gold in Kerala is ₹54,100, and the price of 24-carat gold is ₹59,020. The same rates apply in Bhavaneshwar.
Platinum Rate Today
The price of 10 grams of platinum has decreased by ₹170 to ₹23,700. The same price applies to other cities in the country, including Hyderabad, Vijayawada, and Visakhapatnam.
Why Do Prices Change?
The prices of decorative metals like emerald, silver, and platinum change daily due to various global developments. Fluctuations depend on factors such as inflation, gold reserves at central banks worldwide, changes in interest rates, and fluctuations in demand within different jewelry markets. Prices in our country are influenced by international market price changes.