Suryaa Business Desk: Gold and silver prices have registered a slight decline in the domestic bullion market. This change is attributed to international economic conditions and fluctuations in the value of the dollar.
As of Thursday morning, the price of 24-carat gold (10 grams) dropped by Rs 10 to reach Rs 1,41,970. Similarly, 22-carat gold (10 grams) saw a decrease of Rs 10, settling at Rs 1,30,140. Silver prices also declined, with one kilogram of silver trading at Rs 1,99,900, down by Rs 100.
In Hyderabad and Vijayawada, 24-carat gold is priced at Rs 1,41,970 per 10 grams, while 22-carat gold is at Rs 1,30,140. The price for one kilogram of silver in these cities is Rs 1,99,900. Similar rates for gold and silver are reported in Mumbai, Chennai, and Bengaluru.
In Delhi, prices differ slightly, with 24-carat gold at Rs 1,42,120 per 10 grams and 22-carat gold at Rs 1,30,290. The price for one kilogram of silver in Delhi is also Rs 1,99,900.
Market experts note that prices vary across cities due to local taxes, transportation costs, and demand-supply factors. As bullion market prices fluctuate, consumers are advised to verify current rates and applicable charges, such as GST, at local jewelry stores before making purchases.