Gold Prices Drop in Hyderabad and Other Cities

Gold Prices Update in Hyderabad and Other Cities

As of October 18, 2023, gold prices in Hyderabad and other cities in India have experienced a decline. Here’s a summary of the latest rates:

Hyderabad Gold Prices:

  • 22-carat gold: The cost of 10 grams of 22-carat gold has dropped to Rs. 54,950, marking a decrease of Rs. 150.
  • 24-carat gold: 10 grams of 24-carat gold are trading at Rs. 59,950, reflecting a reduction of Rs. 150.
  • Silver: The price of silver in Hyderabad stands at Rs. 77,000 per kilogram.

Visakhapatnam Gold Prices:

  • 22-carat gold: The price of 10 grams of 22-carat gold in Visakhapatnam is now Rs. 54,950, down by Rs. 150.
  • 24-carat gold: 10 grams of 24-carat gold is priced at Rs. 59,950, showing a decrease of Rs. 160.
  • Silver: The silver rate in Visakhapatnam is Rs. 77,000 per kilogram.

Also Read: RBI’s Gold Loan Rules: Good News for Account Holders!!

Delhi Gold Prices:

  • 22-carat gold: In Delhi, the price of 10 grams of 22-carat gold has reduced to Rs. 55,100, with a decrease of Rs. 150.
  • 24-carat gold: 10 grams of 24-carat gold are available at Rs. 60,100, reflecting a drop of Rs. 160.
  • Silver: The silver rate in the capital city is Rs. 72,600 per kilogram.

International Gold Market:

The international gold market has been exhibiting fluctuations, with gold rates decreasing, especially during the wedding season. However, gold remains a popular investment asset, and prices are expected to rebound in the long term.

Tips for Gold Buyers:

Gold buyers should monitor live prices for the most up-to-date information. It is essential to buy gold from a reputable dealer and understand the different types of gold available. The current dip in gold prices presents an opportunity for investors, but thorough research and due diligence are important when making a purchase.

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