Let us now take a look at the current prices of gold and silver in the international market. Currently the spot gold rate has risen to 1824.30 dollars per ounce. It is noteworthy that this is the highest rate in recent times. The spot silver rate is at 23.98 dollars. The rupee is trading at Rs.92.69 against the dollar.
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When it comes to domestic gold and silver prices, the price of 22 carat gold in Hyderabad is trading at Rs.50,600 mark. This is the first time that the center has crossed the 50 thousand mark. If you look at the last 10 days, the rates have increased 5 times. And the price of 24 carat Tulam gold reached the mark of Rs. 55,200 in Hyderabad.
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As far as silver is concerned, it is continuing at the mark of Rs.74,300 per kg in Hyderabad. Compared to Hyderabad, the rate of gold in Delhi is slightly higher. At the same time, silver is available at a slightly lower rate. This is due to local taxes and conditions.
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However, experts predict that gold and silver prices will reach record levels in 2023. The US Fed is expected to slow down on interest rate hikes, including adverse international conditions and the rise in Corona cases. In this order, gold rate will reach Rs.62 thousand mark and silver rate will reach Rs.80 thousand mark. Last year, the central banks of other countries, including the US Fed, increased the interest rates tremendously. In the same order, the dollar recovered.. the prices of gold fell. But at the end of the year they reached record levels again.
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