Gold Price Today | The prices of gold, which appeared to be low for the past week, have risen again. The rate of silver has decreased slightly. Find out how gold and silver prices are in Hyderabad, Vijayawada, Visakhapatnam, Tirupati.
Gold prices, falling from all-time highs, rise again. Currently, the price of pure gold is above the Rs.61,000 mark, while gold used for jewelery has once again crossed the Rs.56,000 mark. And the price of silver has reached below the mark of Rs.78,000.
Gold prices fell sharply in Hyderabad on Wednesday. The price of 10 grams of gold used in jewelery has increased by Rs 250 from Rs 56,000 to Rs 56,250. And the price of pure gold has crossed Rs.61,000 mark. Looking at the price of pure gold in Hyderabad, the price of 10 grams increased by Rs.260 from Rs.61,100 to Rs.61,360.
On the other hand the price of silver is falling. On Wednesday, the price of a kilo of silver fell by Rs.500 to Rs.77,500 from Rs.78,000. Libra silver price is available at the price of Rs.750. The prices in Hyderabad are the same in cities like Warangal, Khammam, Vijayawada, Visakhapatnam and Tirupati in Telugu states.
It is known that the price of gold has been increasing drastically since the last six months. The price of 22 carat gold was Rs.46100 on November 4 last year and the current price is Rs.56,250, an increase of over Rs.10,000 in the last 6 months. On the same day, the price of 24 carat gold reached Rs.50,290 to Rs.61,360. 11,000 has increased in the last 6 months. And since October last year, the price of a kilo of silver has increased by more than Rs.18,000.
Gold prices hit an all-time high on May 5. On that day, the price of 22 carat gold reached the price of Rs.57,200 and the price of 24 carat gold reached the price of Rs.62,400. On the same day, the price of a kilo of silver reached Rs.83,700. From there, the price of gold fell by Rs.1,000, while the price of silver fell by Rs.6,200.
Not only in the Hyderabad market but also in the Multi Commodity Exchange, the price of gold increased and the price of silver decreased. Gold 2023 June futures were trading at Rs 60,235, up 0.06 per cent or Rs 38. Silver 2023 July futures on MCX is trading at Rs 71,891, down by 0.38 per cent or Rs 273.
Gold and silver prices have increased in the international market as well. Currently, the price of gold is trading around 1978.80 dollars per ounce. The price of silver in the international market has touched below 24 dollars. It is currently trading around $23.53.