Gold rates today in Hyderabad – 12 May 2022
Gold rates today | The gold rates in Hyderabad depends on the global gold rates, which are affected by many international factors including inflation, change in global prices, central bank gold reserve, fluctuating rates of interest, jewelry markets. We have given gold rates today in Hyderabad for our valuable readers. We hope you find the updated rates really useful.
Gold rates today, 12 May 2022: Gold rates today in Hyderabad, Bangalore, Kerala, and Visakhapatnam have been slashed. The Gold rates in Bangalore city for 10 grams of 22-carat is at Rs. 46,740 with a fall of Rs. 360 and the gold rate of 10 grams of 24-carat is at Rs. 50,990 with a fall of Rs. 390. The gold rates in Hyderabad are holding at Rs 46,740 per 10 gram of 22 carat with a fall of Rs. 360 and 10 grams of 24-carat gold is at Rs. 50,990 with a fall of Rs. 390.
Gold rates today
Gold rates in Kerala per 10 gram of 22-carat are at Rs. 46,740 and the gold rate of 10 grams of 24 carats is at Rs. 50,990. The gold rates in Visakhapatnam are at Rs. 46,740 per 10 gram of 22 carats with a fall of Rs. 360 and 10 grams of 24 carat gold is at Rs. 50,990 with a fall of Rs. 390. On the other hand, silver rates in Hyderabad, Kerala and Visakhapatnam per one kilogram have been at Rs. 65,500 and at Bangalore also, the silver rates closed at Rs. 65,500.
Where to buy gold in Hyderabad?
In Hyderabad, the precious metal is sold as jewelry and coins. The ornament metal is mainly used for individual consumption, and it has more demand during the marriage, festivals, special occasions. Panjagutta, in Hyderabad, is one of the locations where most of the popular jewelry outlets are located.
It is also viewed as a form of investment and is invested for short and long period. Gold is also considered as a mode of investment. The investor can sell the gold at any point in time, and the return on investment is guaranteed and reliable.
Gold in India tracks international gold prices, while the other two variables remain the rupee rates against the dollar and import duties levied by the government of India. Some of the well known famous jewelry brands have a presence in the city of pearls.
The top jewelry houses in the town are Jagadamba Pearls, Krishna Pearls & Jewelers, Manepally Jewelers, More Jewelers, Tibarumal Jewels, Shree Jewelers, Shri Ram Jewelers, Mangatrai Pearls & Jewelers and so on.
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