December 13: Gold Prices declines in Major Cities

It would come as some relief for waiting buyers, and that would be a gold price decrease for the country in India. Following three days of steady gold price increase, it experienced a sharp decrease on 13th December. The rate drop in cities has been noted and these are the gold rates prevailing in cities,

Gold Price In Major Cities

Hyderabad:  10grams gold: 22-carat-72,300/- 24carat-gold-78,870/-
Visakhapatnam: 22-carat gold (10 grams) ₹72,300, 24-carat gold ₹78,870
Vijayawada: 22-carat gold (10 grams) ₹72,300, 24-carat gold ₹78,870
Delhi: 22-carat gold (10 grams) ₹72,450, 24-carat gold ₹79,020
Chennai: 22-carat gold (10 grams) ₹72,300, 24-carat gold ₹78,870
Bangalore: 22-carat gold (10 grams) ₹72,300, 24-carat gold ₹78,870
Mumbai: 22-carat gold (10 grams) ₹72,300, 24-carat gold ₹78,870

The price of silver has also declined. Silver has declined by ₹3000 per kilogram. In Hyderabad, the price of silver has declined to ₹1,01,000 per kilogram and in Delhi it has declined to ₹93,500. The fall in gold prices is because of a fall in global gold prices. The US dollar has gained, which reduced the demand for gold.

This is going to bring relief to buyers who have been waiting for a drop in prices. It is an opportunity for those looking to invest in gold. Gold prices have been quite volatile lately. The decline in prices is likely to increase demand.

Also read December 13 holiday for schools in AP; heavy rainfall thunderstorms alert here!