Gold and silver rates today slashes in Bangalore, Hyderabad, Kerala, Vizag - 23 May 2020

Gold and silver rates today 23 May 2020: Gold and silver rates in India continue to cut down for the second consecutive day on Friday due to the fall in international prices. Silver futures on MCX slashed by Rs. 50 to ₹48,150 per kg. If the trends are to be seen, Gold rates would tend to go up further had the government had decreased the interest rates.

Going by the gold rates at metro cities, the gold rates in silicon city Bangalore slashed by Rs 300 to Rs. 44,050 and Rs. 300 down for ten gram of 24 carat gold taking the price to 48,080.

The ten gram of 22 carat gold in the Hyderabad market has decreased by Rs 370 to Rs 44,870 but ironically that gold rate for ten gram of 24 Carat is decreased by Rs. 370 to Rs. 48,680..

While in Kerala, the gold rates have followed the downward trend by Rs. 100 per ten gram of 22 carat to Rs. 43,050 and Rs. 100 decreased per ten gram of 24 carat gold taking the price to Rs. 46,970

In the sea city Visakhapatnam, the same trends followed by a hike in the price of Rs. 370 to Rs. 44,870 per ten gram of 22 carat while the ten-gram of 24 carat gold is at Rs. 48,080 with a fall of Rs. 300.