Gold rates today slashed on 19 August 2022: Check the latest prices in your city here

Gold rates today, 19 August 2022: Gold rates today at Delhi, Chennai, Kolkata, and Mumbai slashed. The gold rates in Delhi for 10 grams of 22-carat have remained at Rs. 48,050 and that of 10 grams of 24-carat gold is at 52,400. The gold rate in Chennai per 10 gram of 22 carats is Rs 48,490 and the gold rate of 24-carat is Rs. 52,900.

The gold rate in Kolkata per 10 grams of 22 carats is Rs. 47,900 and the rate of 10 grams of 24 carats is Rs. 52,250. The gold rates in Mumbai per 10 grams of 22 carats have been at Rs. 47,900 and Rs. 52,250 per 10 grams of 24 carats. The silver rates have been at Rs. 56,500 in Kolkata, Chennai, and Mumbai and the rate of silver in Chennai is at Rs. 62,800.

Gold rates today in Hyderabad, Bangalore, Kerala, and Visakhapatnam are stable. Going by the rates today, the Gold rate in Bangalore city for 10 grams of 22-carat is Rs. 47,900 and the gold rate of 10 grams of 24-carat is Rs. 52,250. The gold rates in Hyderabad are held at Rs 47,900 per 10 grams of 22 carats and 10 grams of 24-carat gold is at Rs.52,250.

Gold rates in Kerala per 10 gram of 22-carat are at Rs. 47,900 and the gold rate of 10 grams of 24 carats is at Rs. 52,250. The gold rates in Visakhapatnam are Rs. 47,900 per 10 grams of 22 carats and 10 grams of 24-carat gold is at Rs. 52,250.

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 Reserves hinted over the rise in interest rates.

On the other hand, silver rates in Hyderabad, Kerala, and Visakhapatnam per one kilogram have been at Rs. 62,800, and in Bangalore also, the silver rates closed at Rs. 62,800.

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

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