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

Gold rates today, 04 September 2022: Gold rates today at Delhi, Chennai, Kolkata, and Mumbai surged. The gold rates in Delhi for 10 grams of 22-carat have remained at Rs. 46,800 with a hike of Rs. 250 and that of 10 grams of 24-carat gold is at 51,050 with a hike of Rs. 270. The gold rate in Chennai per 10 grams of 22 carats is at Rs 47,220 with a hike of Rs. 270 and the gold rate of 24-carat is at Rs. 51,510 with a hike of Rs. 290.

The gold rate in Kolkata per 10 grams of 22 carats is Rs. 46,650 and the rate of 10 grams of 24 carats is Rs. 50,890. The gold rates in Mumbai per 10 grams of 22 carats have been at Rs. 46,650 and Rs. 50,890 per 10 grams of 24 carats. The silver rates have been at Rs. 52,500 in Kolkata, Chennai, and Mumbai and the rate of silver in Chennai is at Rs. 58,200.

Gold rates today in Hyderabad, Bangalore, Kerala, and Visakhapatnam were slashed. Going by the rates today, the Gold rates in Bangalore city for 10 grams of 22-carat is at Rs. 46,650 with a hike of Rs. 250 and the gold rate of 10 grams of 24-carat is at Rs. 50,890 with a hike of Rs. 270. The gold rates in Hyderabad are holding at Rs 46,650 per 10 grams of 22 carats with a hike of Rs. 250 and 10 grams of 24-carat gold is at Rs.50,890 with a hike of Rs. 270.

Gold rates in Kerala per 10 grams of 22-carat are at Rs. 46,650 with a hike of Rs. 250 and the gold rate of 10 grams of 24 carats are at Rs. 50,890 with a hike of Rs. 270. The gold rates in Visakhapatnam are at Rs. 46,650 per 10 grams of 22 carats with a hike of Rs. 250 and 10 grams of 24-carat gold is at Rs. 50,890 with a hike of Rs. 270.

On the other hand, silver rates in Hyderabad, Kerala, and Visakhapatnam per kilogram have been at Rs. 58,200, and in Bangalore also, the silver rates closed at Rs. 58,200.

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 at the rise in interest rates.

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 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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