By “Positive Developments for Gold Enthusiasts: Slight Dip in Gold Prices Today. The eagerly awaited time for gold enthusiasts has arrived as paddy prices, which rose until yesterday, have experienced a minor reduction today. The interest in acquiring gold is widespread, with many individuals eager to invest in this precious metal. Notably, the Reserve Bank has introduced a new scheme for gold buyers called the Sovereign Gold Scheme, allowing the purchase of gold in the form of bonds.
The primary factor contributing to today’s decline in gold prices is the international strengthening of the dollar. Additionally, the ongoing conflict between Israel and Palestine is exerting a significant impact on gold prices. Factors such as fluctuations in international market inflation, the prevailing economic recession abroad, and changes in the Reserve Bank’s interest rates are all influencing the fluctuation of gold prices.
In the Hyderabad market, the price of 10 grams of 24-carat gold, which was Rs. 66,260 yesterday, has seen a marginal decrease of Rs. 10 today, reaching Rs. 66,250. Similarly, the price of 10 grams of 22-carat gold has decreased by Rs. 10, reaching Rs. 60,730 from yesterday’s Rs. 60,740. As for silver, the price per kilo has increased from Rs. 79,500 to Rs. 79,600.
Let’s now explore the current gold and silver prices in Hyderabad and other major cities:
Price of 10 grams of 24-carat gold
- Hyderabad: Rs. 66,250
- Vijayawada: Rs. 66,250
- Mumbai: Rs. 66,250
- Bangalore: Rs. 66,250
- Chennai: Rs. 67,080
Price of 10 grams of 22-carat gold
- Hyderabad: Rs. 60,730
- Vijayawada: Rs. 60,730
- Mumbai: Rs. 60,730
- Bangalore: Rs. 60,730
- Chennai: Rs. 61,480
Kilo silver prices in major cities of the country:
- Hyderabad: Rs. 79,600
- Vijayawada: Rs. 79,600
- Chennai: Rs. 79,600
- Mumbai: Rs. 76,200
- Bangalore: Rs. 75,100″
