Hyderabad, September 5, 2023: Gold prices in Hyderabad experienced a hike on Tuesday, with the price of 10 grams of 22-carat gold rising by Rs. 100 to Rs. 55,300. Meanwhile, 10 grams of 24-carat gold also saw a hike of Rs. 120 to Rs. 60,320.
The silver market also saw some movement, with the price of one kilogram of silver rising by Rs. 500 to Rs. 80,000.
The fluctuations in gold prices come as the wedding season is in full swing in Hyderabad. The wedding season is typically a time of high demand for gold, as people buy it to gift to the bride and groom. This demand can often push up gold prices.
However, the recent volatility in gold prices is also being attributed to global factors. The price of gold has been rising in the international market in recent weeks, due to factors such as the ongoing war in Ukraine and rising inflation. This has also put upward pressure on gold prices in India.
It is important to note that gold prices are volatile and can change at any time. Prospective gold buyers should monitor real-time prices closely before making any purchases.
The prices mentioned in this article are as of 8 a.m. on September 5, 2023. They are subject to change and may not reflect the actual prices at the time of purchase.
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