In the midst of the festive season, gold prices in the country are surging, causing concerns among buyers. Experts predict further increases due to upcoming Diwali and wedding celebrations.
Price Hike Hits the Market
The latest spike occurred on Wednesday, surprising buyers after a brief dip earlier in the week. Major cities nationwide experienced a significant rise in gold prices.
City-wise Gold Rates
- Delhi: 22 carat gold (10 grams) – Rs. 56,700, 24 carat gold – Rs. 61,840
- Mumbai: 22 carat gold (10 grams) – Rs. 56,550, 24 carat gold – Rs. 61,690
- Chennai: 22 carat gold (10 grams) – Rs. 56,750, 24 carat gold – Rs. 61,910
- Kolkata: 22 carat gold (10 grams) – Rs. 56,550, 24 carat gold – Rs. 61,690
- Bangalore: 22 carat gold (10 grams) – Rs. 56,550, 24 carat gold – Rs. 61,690
- Pune: 22 carat gold (10 grams) – Rs. 56,550, 24 carat gold – Rs. 61,690
Telugu States Gold Rates
- Hyderabad: 22 carat gold (10 grams) – Rs. 56,550, 24 carat gold – Rs. 61,690
- Nizamabad: 22 carat gold (10 grams) – Rs. 56,550, 24 carat gold – Rs. 61,690
- Vijayawada: 22 carat gold (10 grams) – Rs. 56,550, 24 carat gold – Rs. 61,690
- Visakhapatnam: 22 carat gold (10 grams) – Rs. 56,550, 24 carat gold – Rs. 61,690
Silver Prices Witness a Decline
In contrast to gold, silver prices decreased across the country. A kilogram of silver dropped to Rs. 74,600. Chennai recorded the highest silver price at Rs. 78,000, while Hyderabad, Vijayawada, and Visakhapatnam prices remained at Rs. 78,000.