Gold rates today hikes in Hyderabad – 16 January 2023

Gold rates today, 16 January 2023: Gold rates today in Hyderabad, Bangalore, Kerala, and Visakhapatnam surged while silver rates falls. The Gold rates have been choppy in the recent past and the reason for it according to the experts is the weakness in the Indian rupee.

However, going by the rates of yellow metal in major cities, the Gold rate in Bangalore city for 10 grams of 22-carat is at Rs. 52,010 with a hike of Rs. 10 and the gold rate of 10 grams of 24-carat is at Rs. 56,740 with a hike of Rs. 10. The gold rates in Hyderabad are holding at Rs. 52,010 per 10 gram of 22 carats with a hike of Rs. 10 and 10 grams of 24-carat gold is at Rs. 56,740 with a hike of Rs. 10.

Gold rates in Kerala per 10 grams of 22-carat are at Rs. 52,010 and the gold rate of 10 grams of 24 carats is at Rs. 56,740. The gold rates in Visakhapatnam are Rs. 52,010 per 10 grams of 22-carat and 10 grams of 24-carat gold is at Rs. 56,740.

On the other hand, silver rates in Hyderabad, Kerala, Bangalore, and Visakhapatnam per kilogram have been at Rs. 74,000.

Investment in gold in Hyderabad

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 the jewelry of various designs in myriad colors, followed by Bars and coins where there could be a good margin. On the other hand, people with budget constraints can opt for periodic investments by going on an installment basis for 11 months.

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