Gold rates today in Hyderabad slashes on 16 December

Gold rates today, 16 December 2021: Gold rates today in Hyderabad, Bangalore, Kerala, and Visakhapatnam have been slashed. Going by the rates today, the Gold rates in Bangalore city for 10 grams of 22-carat is at Rs. 45,000 with a fall of Rs. 250 and the gold rate of 10 grams of 24-carat are at Rs. 49,100 with a fall of Rs. 260. The gold rates in Hyderabad are holding at Rs 45,000 with a fall of Rs. 250 per 10 gram of 22 carat and 10 grams of 24-carat gold is at Rs. 49,100 with a fall of Rs. 260.

Gold rates in Kerala per 10 gram of 22-carat are at Rs. 45,000 with a fall of Rs. 140 and the gold rate of 10 grams of 24 carats is at Rs. 49,100 with a fall of Rs. 260. The gold rates in Visakhapatnam followed the same trends with Rs. 45,000 per 10 gram of 22 carats with a fall of Rs. 250 and 10 grams of 24 carat gold is at Rs. 49,100 with a fall of 260.

On the other hand, silver rates in Hyderabad, Kerala and Visakhapatnam per one kilogram have been at Rs. 64,600 and at Bangalore, the silver rates closed at Rs 60,900

The gold rates in global markets have been lower amid the rise in the US Dollar while in India, after the lifting of the lockdown, the gold rate has been increased.

Investment in gold in Hyderabad

While investing in gold in Hyderabad, there is a slight hesitation about buying gold, pearls, or precious jewellery. However, the people of Hyderabad can opt for the jewellery of various designs in myriad colours, followed by Bars and coins where there could be a good margin. On the other hand, the people who have budget constraints can opt for periodic investments by going on an installment basis for 11 months.

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