Hyderabad Sees Slight Dip in Gold Prices on February 28
Hyderabad, February 28: Gold prices in Hyderabad began on February 28, 2024, with a slight decline. The price of 10 grams of 22-carat gold dropped by Rs. 10 to Rs. 57,590, while 10 grams of 24-carat gold saw a similar decrease to Rs. 62,830.
The silver market in Hyderabad also maintained its trend, with the current rate holding steady at Rs. 75,400 per kilogram.
The gold rates in Vijayawada on 28 February 2024 have been slashed, the price of 10 grams of 22-carat gold is at Rs. 57,590 with a fall of Rs. 10 while the rate of 10 grams of 24-carat gold is trading at Rs. 62,830 with a fall of Rs. 10. As for silver, the silver rate in Vijayawada is recorded at Rs. 75,400 per kilogram.
The gold rates in Visakhapatnam have been slashed. The price of 10 grams of 22-carat gold is at Rs. 57,590 with a fall of Rs. 100 and 24-carat gold is at Rs. 62,830 with a fall of Rs. 110. In Visakhapatnam, the silver rate is Rs. 76,300 per kilogram.
Gold prices
Recent weeks have witnessed a downward trend in gold prices, particularly during the wedding season. Prices typically hover around Rs. 60,000 for 10 grams of 24-carat gold and Rs. 55,000 for 22-carat, making the recent dips a welcome respite for buyers.
Several factors influence gold prices, including market demand, geopolitical tensions, and economic indicators. Staying informed about these factors and tracking live prices is crucial for making informed buying decisions.
While yesterday’s closing rates are mentioned, today’s prices could begin higher or lower. Potential buyers should monitor real-time updates to capitalize on favorable market conditions.
Analysts and experts continue to analyze the drivers of gold prices, offering valuable insights for investors navigating the ever-changing precious metals market.
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