Hyderabad is experiencing a surge in auspicious activities with the start of the month of Shravana. This is also the wedding season, leading to a bustling atmosphere in shopping malls and gold shops. Interestingly, the price of gold has significantly dropped on Thursday.
Traders have noticed that the usual decrease in gold prices ranges from Rs.100 to Rs.150. However, on Thursday, there was a significant drop of Rs.380. As a result, the price of ten grams of 22 carat gold in the Hyderabad gold market has decreased by Rs.350 to Rs.54,100. Similarly, the price of ten grams of 24 carat gold has decreased by Rs.380 to Rs.59,020.
The prices of gold in Vijayawada, Visakhapatnam, Kerala, Bengaluru, Kolkata, and Mumbai remain consistent with Hyderabad’s prices. In Chennai, the price of ten grams of 22 carat gold is Rs.54,560, while the price of ten grams of 24 carat gold is Rs.59,520. In Delhi, the price of ten grams of 22 carat gold is Rs.54,250, and the price of ten grams of 24 carat gold is Rs.59,170.
Moving on to silver prices, in Hyderabad, Vijayawada, Visakhapatnam, Chennai, and Kerala, the price per kilogram of silver is Rs.75,700. However, in Bangalore, Kolkata, Mumbai, and Delhi, the price is slightly lower at Rs.72,500 per kilogram.
