The prices of gold and silver have also increased domestically. In Hyderabad, the price of gold of 22 carats has increased by Rs.150 to Rs. at 51,100. And the rate of Tulum gold of 24 carats rose by Rs.170. It is trading at Rs.55,750. In the last week and 10 days, rates have fallen only once or twice. In the rest of the days, there was a huge increase.
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Compared to Hyderabad, the gold rate in Delhi is slightly higher. The price of 10 grams of 22 carat gold in the national capital has increased by Rs.150 and continues at Rs.51,250. And the rate of 24 carat pure gold has increased by Rs.170 to Rs.55,900 in the national capital.
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The rate of silver has increased significantly in recent times. 1200 rupees in 2 consecutive days. At present, silver price per kg in Hyderabad continues at Rs.75,500. It has not reached this level in recent times. Silver rate in Delhi is a bit lower as compared to Hyderabad. A kg of silver in the national capital is currently continuing at Rs.72 thousand.
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Gold and silver prices are increasing unhindered in the face of adverse international conditions. In addition to the fears of Covid, there are expectations that economic recession conditions may arise. On the other hand, signs that the US Fed is slowing down on interest rate hikes also caused gold prices to rise. Recently, the US Fed has slightly increased interest rates. Earlier, the interest rates were increased at the rate of 75 basis points, but last time it was increased by 50 basis points.
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