Gold rates today surge on 10 August 2022: Check the latest prices in your city here

Gold rates today, 10 August 2022: Gold rates today in Hyderabad, Bangalore, Kerala, and Visakhapatnam have surged. Going by the rates today, the Gold rates in Bangalore city for 10 grams of 22-carat is at Rs. 47,950 with a hike of Rs. 400 and the gold rate of 10 grams of 24-carat is at Rs. 52,310 with a hike of Rs.440. The gold rates in Hyderabad are held at Rs 47,950 per 10 gram of 22 carats with a hike of Rs. 400 and 10 grams of 24-carat gold is at Rs.52,310 with a hike of Rs. 440.

Gold rates in Kerala per 10 gram of 22-carat are at Rs. 47,950 with a hike of Rs. 400 and the gold rate of 10 grams of 24 carats are at Rs. 52,310 with a hike of Rs. 440. The gold rates in Visakhapatnam are at Rs. 47,950 per 10 gram of 22 carats with a hike of Rs. 400and 10 grams of 24-carat gold is at Rs. 52,310 with a hike of Rs. 440.

Gold rates today at Delhi, Chennai, Kolkata, and Mumbai are stable. The gold rates in Delhi for 10 grams of 22-carat have remained at Rs. 48,110 with a hike of Ram Rs. 410 and that of 10 grams of 24-carat gold is at Rs. 52,480 with a hike of Rs. 450. The gold rate in Chennai per 10 gram of 22 carats is at Rs 49,010 with a hike of Rs. 510 and the gold rate of 24-carat is at Rs. 53,460 with a hike of Rs. 460.

The gold rate in Kolkata per 10 grams of 22 carats is Rs. 47,950 and the rate of 10 grams of 24 carats is at Rs. 52,310. The gold rates in Mumbai per 10 grams of 22 carats have been at Rs. 47,950 with a hike of Rs. 400 and Rs. 52,310 per 10 grams of 24 carats with a hike of Rs. 440. The silver rates have been at Rs. 58,700 in Kolkata, Chennai, and Mumbai and the rate of silver in Chennai is at Rs. 64,500.

Silver rates in Hyderabad, Kerala, and Visakhapatnam per one kilogram have been at Rs. 64,500, and in Bangalore also, the silver rates closed at Rs. 64,500.

The gold and silver rates mentioned here are due at 8 am and continue to fluctuate every day. Bullion market experts say there are many reasons for the gold rate to fluctuate, such as the change in international market currency prices, inflation, gold reserves at central banks, their interest rates, the jewelry market, geographical tensions, trade wars, and many other factors are said to impact the gold rate. The gold rates have been decreasing as the Federal Reserves hinted over the rise in interest rates.

Investment in gold in Hyderabad

While investing in gold in Hyderabad, there is a slight hesitation about buying gold, pearls, or precious jewelry. However, the people of Hyderabad can opt for the jewelry of various designs in myriad colors, followed by Bars and coins where there could be a good margin. On the other hand, people who have budget constraints can opt for periodic investments by going on an installment basis for 11 months.

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