
Gold and silver prices in India have been witnessing a steady decline over the past few days. Silver has plunged by more than 20% in just 13 days, while gold has fallen by over 8% during the same period. This continuous drop comes right after both metals touched record highs a day before Dhanteras.
As the wedding season approaches, buyers are welcoming this correction in prices. In the past two days alone, silver prices have dipped by ₹4,100 per kilogram, while 24-carat gold has become cheaper by ₹4,810 in just three days.
After a few days of decline, gold prices witnessed a slight uptick today. In the Hyderabad bullion market, the price of 10 grams of 24-carat gold rose by ₹760, reaching ₹1,21,580. Meanwhile, 10 grams of 22-carat gold increased by ₹700, bringing the rate to ₹1,11,450.
Silver prices also moved upward, with a ₹1,000 increase per kilogram, now priced at ₹1,66,000.
Experts note that the prices remain almost the same across both Andhra Pradesh and Telangana, reflecting a steady trend in the regional bullion markets.
Investors and buyers are closely watching the market, as fluctuations in international rates and domestic demand continue to influence gold and silver prices in the Telugu states.
Delhi (NCR):
Mumbai:
Bengaluru:
Chennai:
Hyderabad (Telangana):
Vijayawada (Andhra Pradesh):
Market Overview
Key takeaway:
Gold prices are inching up again across India, with both Telangana and Andhra Pradesh showing consistent trends with other metro cities.