Trending News Guru

Today’s Gold Prices Surge: What are the Rates in Telugu States?

Today’s Gold Prices Surge: What are the Rates in Telugu States?

Gold prices are currently competing with the stock markets, reaching unprecedented levels and inching towards the one-lakh mark. Puttadi, having already achieved record levels, recently surged to 70 thousand, sparking concerns among buyers. Normally, when stock markets perform well, gold prices tend to decrease. However, the current scenario is quite different, with gold’s rates rivalling stock markets and setting new records.

Current Gold Prices in Telugu States: Keeping Track of the Rates Amidst Rising Prices

Analysts anticipate further increases in gold prices if the stock market experiences a downturn. This trend is attributed to investors opting for gold as a hedge against market volatility. Economic experts predict a potential rise of 12 to 15 percent in gold’s and silver prices this year due to these market dynamics.

Despite recent slight declines, as of the morning of Saturday, April 6, 2024, gold’s prices remain substantial. The rate for ten grams of gold’s stands at Rs.64,140 for 22 carats and Rs.69,970 for 24 carats. Additionally, the price of silver per kilogram is recorded at Rs.81,600.

Delving into specific locations, in Delhi, the price for ten grams of gold’s is Rs.64,290 for 22 carats and Rs.70,120 for 24 carats. In Mumbai, the rates are Rs.64,140 for 22 carats and Rs.69,970 for 24 carats. Chennai follows closely with rates of Rs.65,090 for 22 carats and Rs.71,010 for 24 carats. Hyderabad mirrors Mumbai’s rates at Rs.64,140 for 22 carats and Rs.69,970 for 24 carats.

Vijayawada and Visakhapatnam share identical rates, with 22 carats priced at Rs.64,140 and 24 carats at Rs.69,970. Lastly, Bangalore’s silver price aligns with Chennai and Hyderabad at Rs.84,900, while Delhi, Mumbai, Vijayawada, and Visakhapatnam all maintain a price of Rs.81,600 per kilogram.

In conclusion, the intricate interplay between stock market trends and investor behavior continues to shape the trajectory of gold and silver prices, with ongoing fluctuations in the market indicating potential shifts in the near future.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *