Gold-Silver Prices Overview (24 January 2024):
Investors Await US Fed Instructions
Currently, gold is priced at $2,025 per ounce, with no change in local prices. Pure gold hasn’t reached Rs 63,000, and silver rates remain stable.
Gold-Silver Rates in Telugu States:
Hyderabad:
- 10 grams of 22-carat gold: ₹57,800
- 24-carat gold: ₹63,050
- 18-carat gold: ₹47,290
- Silver per kilo: ₹77,000
Across AP and Telangana:
- Consistent rates in effect.
Gold-Silver Prices in Andhra Pradesh:
Vijayawada:
- 24-carat gold: ₹63,050
- 18-carat gold: ₹47,290
- Silver per kilo: ₹77,000
- Similar rates in Visakhapatnam.
Today’s Gold Rates in Major Indian Cities:
Chennai:
- 22-carat gold: ₹58,250
- 24-carat gold: ₹63,550
- Consistent rate in Coimbatu.
Mumbai:
- 22-carat gold: ₹57,800
- 24-carat gold: ₹63,050
- Same rate in Pune.
Delhi:
- 22-carat gold: ₹57,950
- 24-carat gold: ₹63,200
- Rates unchanged in Jaipur and Lucknow.
Kolkata:
- 22-carat gold: ₹57,800
- 24-carat gold: ₹63,050
- Similar rates in Nagpur.
Bangalore:
- 22-carat gold: ₹57,800
- 24-carat gold: ₹63,050
- Same rate in Mysore.
Kerala:
- Rates at ₹57,800 for 22-carat and ₹63,050 for 24-carat.
- Consistent in Bhavaneshwar.
Gold Rates in Major Countries (24 January 2024):
Dubai:
- 22-carat gold: ₹51,356.93
- 24-carat gold: ₹56,097.90
- Rates stable in UAE, Sharjah, and Abu Dhabi.
Muscat:
- 22-carat gold: ₹53,968.75
- 24-carat gold: ₹56,559.25
Kuwait:
- 22-carat gold: ₹53,215.81
- 24-carat gold: ₹56,322.31
Malaysia:
- 22-carat gold: ₹53,210.44
- 24-carat gold: ₹55,493.39
Singapore:
- 22-carat gold: ₹52,433.10
- 24-carat gold: ₹58,389.99
United States:
- 22-carat gold: Rates matching 24-carat gold: ₹56,097.90.
Platinum Price Update (Today’s Rate):
The price of 10 grams of platinum has fallen to ₹23,970 across the country, including Hyderabad, Vijayawada, and Visakhapatnam.
Understanding Price Fluctuations:
Various global factors influence daily changes in decorative metal prices, such as inflation, gold reserves, interest rates, and demand fluctuations in jewelry markets. These factors contribute to the dynamic nature of gold, silver, and platinum prices.