Gold rates today, 17 May 2023: Gold rates today in Hyderabad, Bangalore, Kerala and Visakhapatnam surged. Going by the rates of yellow metal in major cities, the Gold rates in Bangalore city for 10 grams of 22-carat is at Rs. 56,750 with a hike of Rs. 100 and the gold rate of 10 grams of 24-carat is at Rs. 61,910 with a hike of Rs. 110 The gold rates in Hyderabad are holding at Rs. 56,750 per 10 gram of 22 carat with a hike of Rs. 100 and 10 grams of 24-carat gold is at Rs. 61,910 with a hike of Rs. 110.
Gold rates in Kerala per 10 grams of 22-carat are at Rs. 56,750 and the gold rate of 10 grams of 24 carats is at Rs. 61,910. The gold rates in Visakhapatnam are at Rs. 56,750 per 10 grams of 22 carats and 10 grams of 24-carat gold is at Rs. 61,910.
On the other hand, silver rates in Hyderabad, Kerala, Bangalore and Visakhapatnam per kilogram have been at Rs. 78,800.
Investment in gold in Hyderabad
While investing in gold in Hyderabad, there is a slight hesitation about buying gold, pearls, or precious jewellery. However, the people of Hyderabad can opt for jewellery of various designs in myriad colours, 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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