International spot gold rate is trading at 1870 dollars per ounce. And spot silver continues at 22.30 dollars. At the same time, the rupee is depreciating against the dollar. It is currently stable at Rs.82,758. As the Fed hikes interest rates, the dollar appreciates and the rupee depreciates.
In Hyderabad, the rate of gold of 22 carats has increased by Rs.250 per pound. This has reached to Rs.52,650. Earlier it had fallen by Rs.1200 in 2 days. Looking at the minimum of January, the price of gold rose by Rs.2200. Exactly on January 2, the gold rate was at Rs.50,450. And the price of 24 carat gold rose by Rs.280 per 10 grams to reach Rs.57,440 in Hyderabad.
In Delhi, the price of 22 carat gold rose by Rs.250 to Rs.52,800. And the rate of 24 carat gold has increased by Rs.280 to Rs.57,590 for 10 villages here.
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On the other hand, silver prices have recently fallen sharply. In Hyderabad, Rs.3600 has fallen in 2 days. In Delhi, it has decreased by Rs.3500. These rates have come down again today. At present, the rate of silver in Hyderabad has decreased by Rs.200 per kg and is at Rs.74 thousand. And in Delhi, the rate continues to be stable at Rs.71,200.
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