Gold Prices | Hyderabad, September 12: Gold has seen a modest increase in price today, causing a minor stir among Indian gold enthusiasts.
Known for their love of the precious metal, many Indians, especially those in the middle and lower-income brackets, view gold as a safe investment and a hedge against inflation.
They closely monitor price fluctuations, often buying when prices drop and holding off when they rise.
Several factors influence gold prices, including inflation rates, global economic conditions, central bank gold reserves, interest rate changes, and the dynamics of the jewelry market.
Gold Prices in Telugu States
In Hyderabad, the price of 22-carat gold has risen by ₹1 per gram compared to yesterday. It now stands at ₹6,716 per gram or ₹67,160 for ten grams. The price of 24-carat gold is ₹7,326 per gram or ₹73,260 for ten grams. These prices are consistent across major cities in Telugu states like Vijayawada, Visakhapatnam, and Warangal.
Gold in Other Cities
Delhi has also seen a slight increase in gold prices. 22-carat gold is now at ₹6,731 per gram, and 24-carat gold is at ₹7,341 per gram. In Mumbai, the prices are ₹6,715 and ₹7,326 per gram for 22-carat and 24-carat gold, respectively. Chennai’s gold prices are similar to Hyderabad’s.
Silver prices have also experienced a minor uptick. Silver in major Telugu cities, including Hyderabad, Vijayawada, Visakhapatnam, and Warangal, is currently priced at ₹91,600 per kilogram.
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Note: The mentioned gold prices do not include GST or TCS. For accurate pricing, consult your local jeweler. Silver prices may fluctuate based on local market conditions.
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