Gold Prices:

• Delhi:
  • 22K Gold: ₹64,850 per 10 grams
  • 24K Gold: ₹70,730 per 10 grams
• Mumbai:
  • 22K Gold: ₹64,700 per 10 grams
  • 24K Gold: ₹70,580 per 10 grams
• Chennai:
  • 22K Gold: ₹64,500 per 10 grams
  • 24K Gold: ₹70,360 per 10 grams
• Bengaluru:
  • 22K Gold: ₹64,700 per 10 grams
  • 24K Gold: ₹70,580 per 10 grams
• Hyderabad and Vijayawada:
  • 22K Gold: ₹64,700 per 10 grams
  • 24K Gold: ₹70,580 per 10 grams

Silver Prices:

• Delhi, Mumbai, Kolkata, Pune: ₹85,500 per kg
• Chennai, Hyderabad, Kerala, Vijayawada, Visakhapatnam: ₹90,900 per kg

Why Are Gold Prices Rising?

1. Interest Rate Reductions: Expected reductions in interest rates in September can make gold more attractive as an investment, pushing up its price.
2. Central Bank Purchases: Central banks are buying more gold to diversify their reserves, which increases demand and raises prices.
3. Geopolitical and Political Conditions: Global tensions and political uncertainties often lead investors to buy gold as a safe asset, driving prices higher.

Conclusion

Gold and silver prices are influenced by various factors like interest rates, central bank activities, and geopolitical events. Understanding these can help predict future price trends.

Good News for Women Employees in Andhra Pradesh