Currently, international spot gold rate is trading above 1920 dollars per ounce. And spot silver continues at 24.28 dollars per ounce. The exchange rate of the rupee against the dollar is at Rs.81.32. It is noteworthy that this is the highest in recent times.
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Gold prices usually fall when the Fed raises interest rates. But the Fed has also been slow to raise interest rates in the wake of the recent slowdown in inflation. As a result, the prices of gold and silver have not decreased but have increased. It still looks the same. There are opportunities to grow more.
Now let’s talk about domestic gold and silver prices. In Hyderabad, the price of Tulam gold of 22 carats increased by Rs.400 and touched the mark of Rs.52 thousand. And the rate of 24 carat 10 gram gold increased by Rs.440 to Rs.56,730. Gold rates have been increasing here for 3 consecutive days. At this time, the balance increased by Rs.700.
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The price of gold has also increased in the national capital, Delhi. Rs.400 on 22 carats, Rs.540 on 24 carats and Rs.52,150 per 10 grams respectively; 56,980 have reached Rs. Gold price is slightly higher in Delhi as compared to Hyderabad.
As far as silver is concerned, the rate of silver per kg in Delhi has increased by Rs.750 to Rs.72,750. It has increased by Rs.1250 in 3 consecutive days. And in Hyderabad, the silver rate per kg increased by Rs.1000 and touched the mark of Rs.75 thousand. Silver rate in Delhi is lower as compared to Hyderabad. Prices fluctuate due to local taxes.
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