Gold Rates on 02 October 2022 Slashed

Gold rates today in Hyderabad, Bangalore, Kerala, Visakhapatnam, Delhi, Chennai, Kolkata, and Mumbai have been slashed.

The Gold rate in Bangalore city for 10 grams of 22-carat is at Rs. 46,500 with a fall of Rs. 150 and the gold rate of 10 grams of 24-carat is at Rs. 50,730 with a fall of Rs. 170. The gold rates in Hyderabad are holding at Rs 46,500 per 10 gram of 22 carats with a fall of Rs. 150 and 10 grams of 24-carat gold is at Rs. 50,730 with a fall of Rs. 170

Gold rates in Kerala per 10 gram of 22-carat are at Rs. 46,500 and the gold rate of 10 grams of 24 carats is at Rs. 50,730 The gold rates in Visakhapatnam are at Rs. 46,500 per 10 gram of 22 carats with a fall of Rs 150 and 10 grams of 24-carat gold is at Rs. 50,730 with a fall of Rs. 170.

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 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.

The gold rates in Delhi for 10 grams of 22-carat have remained at Rs. 46,650 with a fall of Rs. 150 and that of 10 grams of 24-carat gold is at 50,890 with a fall of Rs. 160. The gold rate in Chennai per 10 grams of 22 carats is at Rs 46,900 with a fall of Rs. 80 and the gold rate of 24-carat is at Rs. 51,160 with a fall of Rs. 80.

The gold rate in Kolkata per 10 grams of 22 carats is Rs. 46,500 and the rate of 10 grams of 24 carats is at Rs. 50,730. The gold rates in Mumbai per 10 grams of 22 carats have been at Rs. 46,500 and Rs. 50,730 per 10 grams of 24 carats. The silver rates have been at Rs. 56,900 in Kolkata, Chennai, and Mumbai and the rate of silver in Chennai is at Rs. 62,000

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 Reserve hinted at the rise in interest rates.

On the other hand, silver rates in Hyderabad, Kerala, and Visakhapatnam per kilogram have been at Rs. 62,000, and in Bangalore also, the silver rates closed at Rs. 62,000.

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