Gold Rates On 16 October 2022 Slashed
Gold rates today, 16 October 2022: Gold rates today in Hyderabad, Bangalore, Kerala, Visakhapatnam, Delhi, Chennai, Kolkata, and Mumbai slashed. The Gold rate in Bangalore city for 10 grams of 22-carat is at Rs. 46,200 with a fall of Rs. 550 and the gold rate for 10 grams of 24-carat is at Rs. 50,400 with a fall of Rs. 600. The gold rates in Hyderabad are holding at Rs 46,200 per 10 gram of 22 carats with a fall of Rs. 550 and 10 grams of 24-carat gold is at Rs. 50,400 with a fall of Rs. 600.
Gold rates in Kerala per 10 grams of 22-carat are at Rs. 46,200 and the gold rate of 10 grams of 24 carats is at Rs. 50,400. The gold rates in Visakhapatnam are at Rs. 46,200 per 10 grams of 22 carats and 10 grams of 24-carat gold is at Rs. 50,400.
The gold rate in Kolkata per 10 grams of 22 carats is Rs. 46,200 and the rate for 10 grams of 24 carats is Rs. 50,400 The gold rates in Mumbai per 10 grams of 22 carats have been at Rs. 46,200 and Rs. 50,400 per 10 grams of 24 carats. The silver rates have been at Rs. 55,300 in Kolkata, Chennai, and Mumbai and the rate of silver in Chennai is at Rs. 60,500
On the other hand, silver rates in Hyderabad, Kerala, Bangalore, and Visakhapatnam per kilogram have been at Rs. 60,500.
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.
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