Gold Rates on 05 October 2022 Surged

Gold rates today, 05 October 2022: Gold rates today in Hyderabad, Bangalore, Kerala, and Visakhapatnam surged. The Gold rate in Bangalore city for 10 grams of 22-carat is at Rs. 47,350 with a hike of Rs. 500 and the gold rate of 10 grams of 24-carat is at Rs. 51,660 with a hike of Rs. 550. The gold rates in Hyderabad are holding at Rs 47,350 per 10 grams of 22 carats with a hike of Rs. 500 and 10 grams of 24-carat gold is at Rs. 51,660 with a hike of Rs. 550.

Gold rates today at Delhi, Chennai, Kolkata, and Mumbai surged. The gold rates in Delhi for 10 grams of 22-carat have remained at Rs. 47,500 with a hike of Rs. 500 and that of 10 grams of 24-carat gold is at 51,820 with a hike of Rs. 540. The gold rate in Chennai per 10 grams of 22 carats is at Rs 47,750 with a hike of Rs. 700 and the gold rate of 24-carat is at Rs. 52,100 with a hike of Rs. 770.

Gold rates in Kerala per 10 gram of 22-carat are at Rs. 47,350 and the gold rate of 10 grams of 24 carats is at Rs. 51,660 The gold rates in Visakhapatnam are at Rs. 47,350 per 10 gram of 22 carats with a hike of Rs. 500 and 10 grams of 24-carat gold is at Rs. 51,660 with a hike of Rs. 550.

The gold rate in Kolkata per 10 grams of 22 carats is Rs. 47,350 and the rate of 10 grams of 24 carats is at Rs. 51,660. The gold rates in Mumbai per 10 grams of 22 carats have been at Rs. 47,350 and Rs. 51,660 per 10 grams of 24 carats. The silver rates have been at Rs. 61,800 in Kolkata, Chennai, and Mumbai and the rate of silver in Chennai is at Rs. 66,700

On the other hand, silver rates in Hyderabad, Kerala, Bangalore, and Visakhapatnam per kilogram have been at Rs. 66,700.

The gold and silver rates mentioned here are due at 8 am and continue to fluctuate daily. 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.

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