Gold rates today, 16 March 2023: Gold rates today in Hyderabad, Bangalore, Kerala, and Visakhapatnam were slashed. Going by the rates of yellow metal in significant cities, the Gold rates in Bangalore city for 10 grams of 22-carat is at Rs. 53,050 with a fall of Rs. 100 and the gold rate of 10 grams of 24-carat is at Rs. 57,870 with a fall of Rs. 110. The gold rates in Hyderabad are Rs. 53,050 per 10 grams of 22 carats with a fall of Rs. 100 and 10 grams of 24-carat gold is at Rs. 57,890 with a fall of Rs. 110.
Gold rates in Kerala per 10 grams of 22-carat are at Rs. 53,050 and the gold rate of 10 grams of 24 carats is at Rs. 57,870. The gold rates in Visakhapatnam are at Rs. 53,050 per 10 grams of 22 carats and 10 grams of 24-carat gold is at Rs. 57,870.
On the other hand, silver rates in Hyderabad, Kerala, Bangalore, and Visakhapatnam per kilogram have been at Rs. 72,500.
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 with budget constraints can opt for periodic investments by going on an installment basis for 11 months.
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