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Gold prices: This is a good time to buy gold and silver.. because?

Gold Prices Stability

Gold prices remained steady on Tuesday, sustaining the trend from Monday. The international market saw a slight dip, with toddlers falling to $2 per ounce, reaching 2022. Simultaneously, silver prices held steady at 22.13.

Domestic Gold Prices

As per the Bullion Market’s report on January 23, 22-carat gold was priced at Rs 57,800 for 10 grams. Meanwhile, 24-carat gold stood at Rs 63,050. The prices exhibited no changes on Tuesday compared to Monday.

City-wise Gold Rates

Examining gold prices in major cities, New Delhi reported 22-carat gold at Rs 57,950 for 10 grams. In Mumbai, the same quantity of 22-carat gold maintained its price at Rs 57,800, while 24-carat gold rose to Rs 63,050. Chennai recorded 22-carat gold at Rs 58,300 and 24-carat at Rs 63,600. Bangalore and Hyderabad reflected similar trends, with 22-carat gold at Rs 57,800 and 24-carat at Rs 63,050.

Stability in Silver Prices

Silver prices also experienced stability, with no changes recorded on Tuesday compared to Monday. The overall kilo price remained at Rs 75,500. In specific cities, New Delhi, Mumbai, Chennai, Bangalore, and Hyderabad reported silver prices at Rs 75,500, Rs 77,000, Rs 77,000, Rs 73,000, and Rs 77,000, respectively.

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