Gold Rates and silver Rates, Dec 11 | Gold rates today remain hiked while silver too follows yellow metal in Hyderabad, Bangalore, Kerala, and Visakhapatnam.
The Gold rates have been choppy in the recent past and the reason for it according to the experts is weakness in Indian rupee.
However, going by the rates of yellow metal in major cities on Saturday. The Gold rates in Bangalore city for 10 grams of 22-carat is at Rs. 49,900 with a hike of Rs. 150 and the gold rate of 10 grams of 24-carat is at Rs. 54,440 with a hike of Rs. 160.
Gold Rates
The gold rates in Hyderabad are holding at Rs 49,900 per 10 gram of 22 carat with a hike of Rs. 150 and 10 grams of 24-carat gold is at Rs. 54,440 with a hike of Rs. 160.
Gold rates in Kerala per 10 gram of 22-carat are at Rs. 49,900 and the gold rate of 10 grams of 24 carats is at Rs. 54,440.
The gold rates in Visakhapatnam are at Rs. 49,900 per 10 gram of 22 carat and 10 grams of 24 carat gold is at Rs. 54,400.
On the other hand, silver rates in Hyderabad, Kerala, Bangalore and Visakhapatnam per one kilogram have been at Rs. 73,000.
While investing in gold in Hyderabad, the people of Hyderabad can opt for the jewellery of various designs in myriad colours, followed by Bars and coins where there could be a good margin. On the other hand, the people who have budget constraints can opt for periodic investments by going on an installment basis for 11 months.
Despite dollar index retreating from 3 and half month lows, gold prices continue to shine unabated for the sixth consecutive week wherein prices logged gains of around 0.80 per cent in the domestic markets.
Gold future contract for February 2023 on multi commodity exchange (MCX) finished at ₹54,295 levels, logging weekly gain of ₹902 per 10 gm.
However, it took a breather on the international front and ended on a muted note to close at $ 1,797 per ounce levels.
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