Gold and silver rates today slashes in Hyderabad, Bangalore, Kerala, Visakhapatnam - 16 December 2022
Update: 2022-12-16 09:15 IST
Gold rates today
Gold rates today, 16 December 2022: Gold rates today slashes stable while silver too follows yellow metal in Hyderabad, Bangalore, Kerala, and Visakhapatnam. The Gold rates have been choppy in the recent past and the reason for it according to the experts is weakness in Indian rupee.
However, going by the rates of yellow metal in major cities on Thursday. The Gold rates in Bangalore city for 10 grams of 22-carat is at Rs. 49,910 with a fall of Rs. 310and the gold rate of 10 grams of 24-carat is at Rs. 54,530 with a fall of Rs. 350. The gold rates in Hyderabad are holding at Rs 50,300 per 10 gram of 22 carat with a fall of Rs. 310 and 10 grams of 24-carat gold is at Rs. 54,530 with a fall of Rs. 350.
Gold rates in Kerala per 10 gram of 22-carat are at Rs. 49,990 and the gold rate of 10 grams of 24 carats is at Rs. 54,530. The gold rates in Visakhapatnam are at Rs. 49,990 per 10 gram of 22 carat and 10 grams of 24 carat gold is at Rs. 54,530
On the other hand, silver rates in Hyderabad, Kerala, Bangalore and Visakhapatnam per one kilogram have been at Rs. 72,700.
Gold rates across the major cities Hyderabad, Bangalore, Kerala, and Visakhapatnam
| City | 22 carat gold 10 gms | 24 carat 10gms gold | silver per 1 kg |
| Hyderabad | Rs. 49,990 | Rs. 54,530 | Rs. 72,700 |
| Bangalore | Rs. 49,990 | Rs. 54,530 | Rs. 72,700 |
| Kerala | Rs. 49,990 | Rs. 54,530 | Rs. 72,700 |
| Visakhapatnam | Rs. 49,990 | Rs. 54,530 | Rs. 72,700 |
Investment in gold in Hyderabad
While investing in gold in Hyderabad, there is a slight hesitation about buying gold, pearls, or precious jewellery. However, the people of Hyderabad can opt for the jewellery of various designs in myriad colours, followed by Bars and coins where there could be a good margin. On the other hand, the people who have budget constraints can opt for periodic investments by going on an installment basis for 11 months.