Business

Gold and Silver Prices Soar in Hyderabad and Vijayawada on July 1, 2025

After a brief period of relief, gold and silver prices in India have once again witnessed a significant surge.

Hyderabad: After a brief period of relief, gold and silver prices in India have once again witnessed a significant surge. The rebound comes after a steady decline observed in recent weeks, mainly influenced by international geopolitical tensions, particularly the Iran-Israel conflict, which had initially driven prices up and then slightly down.

Also Read: ICAI CA Result 2025 for Intermediate, Final, Foundation to Be Declared on July 6 at icai.nic.in

Gold Price Hike: Over ₹1,100 Surge in 24K Gold

As per the latest updates from multiple pricing portals on July 1, 2025 (Tuesday morning), gold prices have sharply risen. The price of 24-carat gold has increased by ₹1,140 per 10 grams, while 22-carat gold is up by ₹1,050 per 10 grams.

Current National Average Rates:

  • 24 Carat Gold: ₹98,400 per 10 grams
  • 22 Carat Gold: ₹90,200 per 10 grams

Silver Prices Also Climb Sharply

Silver prices have also seen a steep rise, with an increase of ₹2,300 per kilogram. The current silver price stands at ₹1,10,000 per kg on average across the country.

City-Wise Gold and Silver Prices on July 1, 2025

Here is a look at the latest gold and silver rates in Hyderabad, Vijayawada, and other major Indian cities:

🔸 Hyderabad:

  • 24K Gold: ₹98,400 per 10 grams
  • 22K Gold: ₹90,200 per 10 grams
  • Silver: ₹1,20,000 per kg

🔸 Vijayawada & Visakhapatnam:

  • 24K Gold: ₹98,400
  • 22K Gold: ₹90,200
  • Silver: ₹1,20,000 per kg

🔸 Delhi:

  • 24K Gold: ₹98,550
  • 22K Gold: ₹90,350
  • Silver: ₹1,10,000 per kg

🔸 Mumbai:

  • 24K Gold: ₹98,400
  • 22K Gold: ₹90,200
  • Silver: ₹1,10,000 per kg

🔸 Chennai:

  • 24K Gold: ₹98,400
  • 22K Gold: ₹90,200
  • Silver: ₹1,20,000 per kg

🔸 Bengaluru:

  • 24K Gold: ₹98,400
  • 22K Gold: ₹90,200
  • Silver: ₹1,10,000 per kg

What’s Driving the Gold Price Increase?

The surge in gold prices in India is being linked to various global factors, including:

  • Easing of Middle East tensions (notably Iran-Israel)
  • International gold demand and dollar fluctuations
  • Anticipated rate cuts by the US Federal Reserve

Despite earlier corrections, the upward trend suggests growing investor interest in safe-haven assets like gold and silver amid market uncertainty.

Final Thoughts

With gold nearing ₹1 lakh per 10 grams, consumers and investors are keeping a close watch on price trends. Those planning to buy jewelry or invest in precious metals should stay updated with daily gold and silver rates to make informed decisions.

Back to top button