Gold prices rose marginally in Hyderabad as well as in the Delhi bullion market. The price of 10 grams of 22 carat gold rose slightly by Rs 50 to Rs 47,550. Also, 10 grams of 24 carat gold rose by just Rs 50 to Rs 51,870. Silver also fell in the Delhi market. Silver fell by Rs 200 to Rs 59,800 per kg. Gold prices rose marginally in Chennai, Bangalore, Kolkata and Vijayawada bullion markets.
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However, after Fed Chair Powell testified before Congress that they were committed to reducing inflation, gold prices fell. This has led to speculation that interest rates may rise further. Against this backdrop .. gold prices fell. Gold prices fell to a two-year low in the MCX futures market. Gold also traded at $ 1,824 an ounce in global markets. With central banks raising interest rates sharply, gold prices have plummeted. But today the trend is reversed. Gold prices rose slightly in bullion markets.
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