Gold Rates on 09 October 2022 Remains Stable

Gold rates today in Hyderabad, Bangalore, Kerala, Visakhapatnam, Delhi, Chennai, Kolkata, and Mumbai are stable.

The Gold rate in Bangalore city for 10 grams of 22-carat is Rs. 47,800 and the gold rate for 10 grams of 24-carat is Rs. 52,210. The gold rates in Hyderabad are holding at Rs 47,850 per 10 grams of 22-carat with a hike of Rs. 110 and 10 grams of 24-carat gold is at Rs. 52,200.

Gold rates in Kerala per 10 grams of 22-carat are at Rs. 47,850 and the gold rate of 10 grams of 24 carats is Rs. 52,200 The gold rates in Visakhapatnam are at Rs. 47,850 per 10 grams of 22 carats and 10 grams of 24-carat gold is at Rs. 52,200.

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. 48,010 and that of 10 grams of 24-carat gold is at 52,370. The gold rate in Chennai per 10 grams of 22 carats is Rs 48,400 and the gold rate for 24-carat is Rs. 52,800.

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 over the rise in interest rates.

On the other hand, silver rates in Hyderabad, Kerala, Bangalore, and Visakhapatnam per one kilogram have been at Rs. 66,000.


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