In Hyderabad, the price of 10 grams of 22 carat gold has increased by Rs.350. With this, Tulam gold has reached Rs. 52,350. And the price of 24 carat gold has increased by Rs.380 to Rs.57,110. It is remarkable that this is the maximum in recent times. In Delhi, the price of 22 carat bullion rose by Rs.350 to touch the mark of Rs.52,500. And the rate of 10 grams of gold in the national capital has increased by Rs.380 per 24 carats and continues at Rs.57,270.
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When it comes to the price of silver, it has decreased drastically in one day in Hyderabad. With the fall of Rs.1400, the price of silver per kg reached Rs.72,100. It is noteworthy that recently it was at Rs.75,800. Rs.3700 reduced in 4 days. Silver rate in Delhi has decreased by Rs.1000 in 3 consecutive days, now it has increased by Rs.200. As a result, a kilo of silver in Delhi now costs Rs. It is trading at 72,100.
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Internationally, gold and silver prices have increased again. The spot gold rate there is trading above $1926 per ounce. Spot silver was at $23.97. The value of the rupee has fallen sharply against the dollar. Currently it is at Rs.81.045.
Things are deteriorating again in America. The latest released economic data is weak. Due to this, the stock market indices are falling consecutively. In the same sequence, it is possible that the US Fed will once again take tough decisions on raising interest rates. Chances are high that it will lead to a fall in gold and silver prices. Usually when the Fed raises interest rates, the dollar rises and gold and silver rates fall.
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