Gold Prices Dip in Hyderabad and Other Cities on October 18, 2023
Gold Prices | Hyderabad: As of October 18, 2023, gold prices in Hyderabad have seen a decline. The cost of 10 grams of 22-carat gold has dropped to Rs. 54,950, marking a decrease of Rs. 150.
Meanwhile, 10 grams of 24-carat gold are trading at Rs. 59,950, with a reduction of Rs. 150. The price of silver in Hyderabad stands at Rs. 77,000 per kilogram.
Other Cities
Gold prices have also witnessed a decline in other cities across India, including Visakhapatnam and Delhi. In Visakhapatnam, the price of 10 grams of 22-carat gold now stands at Rs. 54,950, down by Rs. 150, while 10 grams of 24-carat gold is priced at Rs. 59,950, reflecting a decrease of Rs. 160. The silver rate in Visakhapatnam is Rs. 77,000 per kilogram.
In Delhi, gold rates have also experienced a reduction today. The price of 10 grams of 22-carat gold is now at Rs. 55,100, with a decrease of Rs. 150, while 10 grams of 24-carat gold are available at Rs. 60,100, showing a drop of Rs. 160. The silver rate in the capital city is Rs. 72,600 per kilogram.
International Gold Market
The international gold market has been exhibiting fluctuations over the past few weeks, 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 always monitor live prices for the most up-to-date information. It is also important to buy gold from a reputable dealer and to understand the different types of gold available.
Gold prices have dipped in Hyderabad and other cities on October 18, 2023. This is a good opportunity for gold buyers to invest in the precious metal at a discounted rate. However, it is important to do your research and buy from a reputable dealer.
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