Gold prices have experienced a consistent decline recently, primarily attributed to the rising value of the dollar on the international stage. Additionally, the Israeli-Palestinian war is exerting a significant impact on Pasidi. The overall downward trend is further influenced by changes in global market inflation, the ongoing economic recession abroad, and fluctuations in the Reserve Bank’s interest rates.
In the Hyderabad market, noteworthy price fluctuations are observed. Yesterday, 10 grams of 24-carat gold were priced at Rs. 62,130, showing a decrease of Rs. 220 today, settling at Rs. 61,910. Similarly, 22-carat gold, which was Rs. 56,950 yesterday, continues at Rs. 56,750 today, reflecting a decrease of Rs. 200. Market experts anticipate this trend to persist throughout the week.
Turning to silver, there’s been a Rs. 100 decrease per kilogram compared to yesterday’s prices. In Hyderabad, silver was Rs. 77,800 yesterday and has now reached Rs. 77,700. Let’s explore the current prices of gold and silver in Hyderabad and other major cities:
Price of 10 grams of 24-carat gold:
– Hyderabad: Rs. 61,910
– Vijayawada: Rs. 61,910
– Mumbai: Rs. 61,910
– Bangalore: Rs. 61,910
– Chennai: Rs. 62,400
Price of 10 grams of 22-carat gold:
– Hyderabad: Rs. 56,750
– Vijayawada: Rs. 56,750
– Mumbai: Rs. 56,750
– Bangalore: Rs. 56,750
– Chennai: Rs. 57,200
Kilo silver prices in major cities:
– Hyderabad: Rs. 77,700
– Vijayawada: Rs. 77,700
– Chennai: Rs. 77,700
– Mumbai: Rs. 75,700
– Bangalore: Rs. 73,800
This provides an overview of the current state of gold and silver prices in these locations.