Vijayawada– The gold market in Vijayawada witnessed a significant drop in prices today. According to the latest data, the rate for 10 grams of 22-carat gold currently stands at Rs. 55,000, marking a decrease of Rs. 150. Meanwhile, the price of 10 grams of 24-carat gold is trading at Rs. 60,100, reflecting a decline of Rs. 160. Silver, on the other hand, is valued at Rs. 78,500 per kilogram in the Vijayawada market.
This downward trend in gold and silver rates comes just ahead of the upcoming wedding season, which typically witnesses increased demand for precious metals. Whether these rates will see an uptick in response to heightened demand remains uncertain.
Over the past few weeks, gold rates have shown a consistent decline, with 24-carat gold hovering around Rs. 60,000 for ten grams and 22-carat gold priced at approximately Rs. 55,000 for the same quantity.
It’s important to note that the gold rates mentioned here are based on data available as of 8 am today. However, these prices are subject to frequent fluctuations, making it essential for gold buyers to stay updated with real-time market prices. The figures provided here represent yesterday’s closing prices, and today’s rates may either start with a further decrease or experience an increase.
As investors and consumers closely monitor the precious metals market, these fluctuations in gold and silver rates continue to be of keen interest, especially with the festive and wedding season around the corner.