Gold Rates Today Slash in Hyderabad on 07 May 2023

Gold Rates Today | Hyderabad, May 7: Gold rates today in Hyderabad, Bangalore, Kerala, and Visakhapatnam were slashed.

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. 56,500 and the gold rate of 10 grams of 24-carat is at Rs. 62,640.

The gold rates in Hyderabad are holding at Rs. 56,500 per 10 grams of 22-carat and 10 grams of 24-carat gold.

Gold rates in Kerala per 10 grams of 22-carat are at Rs. 56,500 and the gold rate of 10 grams of 24 carats is at Rs. 61,640.

Gold Rate Today

The gold rates in Visakhapatnam are at Rs. 56,590 per 10 grams of 22 carats and 10 grams of 24-carat gold is at Rs. 61,640.

On the other hand, silver rates in Hyderabad, Kerala, Bangalore, and Visakhapatnam per kilogram have been at Rs. 82,400.

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 who have budget constraints can opt for periodic investments by going on an installment basis for 11 months.

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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