Gold, Silver Prices Drop in India: Check City-Wise Prices - August 24
Going by today's rates, the gold price in Hyderabad is ₹7,304 per gram for 22-carat gold and ₹6,695 per gram for 24-carat gold.
Representation of gold in the form of necklace.
On Friday morning, in early trade, 24-carat gold decreased by ₹10, with ten grams available for ₹72,640.
Similarly, silver also dipped to ₹100, with one kilogram priced at ₹86,600.
Similarly, the 22-carat gold price dropped by ₹10, with ten grams now trading at ₹66,590.
Internationally, the COMEX price of gold surged by 1.27% to open at $2,521.10 per ounce.
These price changes show how gold and silver can be affected by market shifts.
The drop in prices of gold prices may give a chance for buyers to purchase at a lower rate, while the decrease in prices of silver may lead to new investment opportunities.
Geopolitical events, like conflicts or diplomatic issues, can lead to higher demand for gold as a safe investment, pushing its price.
Economic factors like inflation and interest rates also affect gold’s value.
Keeping a close track of global economic conditions, political news, and currency trends can help you make better decisions about investing in precious metals.
Currency fluctuations also affect precious metal prices.
Since gold and silver are globally traded commodities, a stronger or weaker U.S. dollar can influence their prices.
Cities | 24-carat (per gram) | 22-carat (per gram) | Silver (per kg) |
Gold Rate in Hyderabad | ₹7,304 | ₹6,695 | ₹93,000 |
Gold Rate in Chennai | ₹7,304 | ₹6,695 | ₹93,000 |
Gold Rate in Delhi | ₹7,319 | ₹6,710 | ₹88,000 |
Gold Rate in Bangalore | ₹7,304 | ₹6,695 | ₹84,500 |
Gold Rate in Kolkata | ₹7,304 | ₹6,695 | ₹88,000 |
