Hyderabad: 18 June, Posted at 9:11 AM IST
Gold and silver prices recorded a decline in key Telugu states’ cities, including Hyderabad, Vijayawada, and Visakhapatnam. The latest market update indicates lower bullion rates compared to recent trading sessions. Consumers are advised to verify rates with local jewellery stores before making purchases.
The latest bullion market update has brought some relief for gold buyers across Andhra Pradesh and Telangana. According to the information shared, both gold and silver prices have witnessed a downward movement in major urban centres.
Silver prices in the Andhra Pradesh and Telangana bullion markets were reported at approximately ₹2,75,000 per kilogram. The decline in silver rates is expected to attract both investors and jewellery buyers looking for favorable purchasing opportunities.
Among gold categories, the reported price for 22-carat gold stood at around ₹1,38,500 for 10 grams. Meanwhile, the price for 8 grams of 22-carat gold was stated as ₹1,10,800. These figures should be independently verified as market prices can fluctuate throughout the day.
The update also indicated that one gram of gold was priced at approximately ₹13,850. Retail buyers often track per-gram prices closely, as they provide a quick indication of market trends.
For those interested in higher-purity gold, the reported price of 24-carat gold was approximately ₹1,51,100 for 10 grams. Similarly, 8 grams of 24-carat gold was reported at ₹1,20,880.
Bullion prices are influenced by a variety of factors, including international gold markets, currency exchange rates, import duties, and domestic demand. Even minor fluctuations in these factors can impact daily pricing.
Jewellery buyers and investors are encouraged to check with authorised gold dealers or jewellery showrooms before making purchasing decisions. Actual retail prices may vary depending on making charges, taxes, and local market conditions.
Market analysts continue to monitor global economic developments that could affect precious metal prices in the coming days. Consumers are advised to stay updated with daily bullion reports for the latest information
Mohammed Naseer Giyas is a multi-media and bilingual journalist with over 20 years of experience across print, digital, and television media. Founder of Raftaar-e-Deccan, he is an alumnus of IVLP, Thomson Reuters Foundation, and ICFJ, and has worked with leading English and Urdu news organisations.
