In Hyderabad, the price of 10 grams of 22 carat gold has decreased by Rs.600 to Rs.52,500. Pasidi, who has been rallying for a few days, has raised Rs. It is above 53 thousand. Currently, the prices are coming down which is giving relief to the green tea lovers. In the same order, the price of 24 carat gold has also come down. Pure 24 carat gold rate in Hyderabad reduced by Rs.660 per pound. Currently Rs. trading at 57,270.
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The price of gold also decreased in Delhi. There, 22 carat pasidi has reduced by Rs.600 per 10 grams. Currently Rs. 52 thousand 650 is pronounced. In the same sequence, the price of 24 carat gold decreased by Rs.660 to Rs. trading at 57,420. Gold prices in Delhi are slightly higher as compared to Hyderabad. Experts analyze the local taxes and conditions as the main reason for this.
Let’s see how the silver prices are in Hyderabad and Delhi in the background of falling gold prices. Silver prices also fell marginally on the green side. Silver rate in Hyderabad has decreased by Rs.400 per kg. Currently Rs. 74,600 has reached. While the national capital Delhi’s silver rate increased by Rs.100 per kg on Friday, there was no change on Saturday. Currently it is continuing at Rs. 72 thousand 600. Although the rate of gold is lower in Hyderabad compared to Delhi, the rate of silver is higher.
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If the interest rates are increased, the prices of gold and silver will fall. There are signs that the US Fed will slow down interest rate hikes as inflation seems to be under control in America. If this happens, there are indications that the prices of gold and silver will increase further. The US Fed meeting will be held next month. And everyone is interested in what decision the Fed will take.
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