Gold Rates On 12 October 2022 Slashed
Gold rates today, 12 October 2022: Gold rates today in Hyderabad, Bangalore, Kerala, and Visakhapatnam slashed. The Gold rates in Bangalore city for 10 grams of 22-carat is at Rs. 46,900 with a fall of Rs. 200 and the gold rate of 10 grams of 24-carat is at Rs. 51,160 with a fall of Rs. 220. The gold rates in Hyderabad are holding at Rs 46,900 per 10 gram of 22 carat with a fall of Rs. 200 and 10 grams of 24-carat gold is at Rs. 51,160 with a fall of Rs. 220.
Gold rates in Kerala per 10 gram of 22-carat are at Rs. 46,900 and the gold rate of 10 grams of 24 carats is at Rs. 51,160 The gold rates in Visakhapatnam are at Rs. 46,900 per 10 gram of 22 carat and 10 grams of 24 carat gold is at Rs. 51,160.
Gold rates today at Delhi, Chennai, Kolkata, and Mumbai stable. The gold rates in Delhi for 10 grams of 22-carat have remained at Rs. 47,040 with a fall.of Rs. 200 and that of 10 grams of 24-carat gold is at 51,320 with a fall of Rs. 200. The gold rates in Chennai per 10 gram of 22 carats is at Rs 47,390 with a fall of Rs. 10 and the gold rate of 24-carat is at Rs. 51,700 with a fall of Rs.10.
The gold rate in Kolkata per 10 grams of 22 carats is at Rs. 46,900 and the rate of 10 grams of 24 carats is at Rs. 51,160. The gold rates in Mumbai per 10 grams of 22 carats has been at Rs. 46,900 and Rs. 51,160 per 10 grams of 24 carat. The silver rates have been at Rs. 58,500 in Kolkata, Chennai and Mumbai and the rate of silver in Chennai is at Rs. 64,000
On the other hand, silver rates in Hyderabad, Kerala, Bangalore and Visakhapatnam per one kilogram have been at Rs. 64,000.
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 jewellery 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 Reserves hinted over the rise in interest rates.
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