Gold prices cut by Rs. 900 and silver by 6,280 in Hyderabad today, March 18

Gold Rate in Hyderabad: The gold rates which had cut down for the last four days has once again fell drastically. Market experts say that despite the rise in gold prices in the international market, the price of gold has come down due to declining demand from jewelers and buyers in the domestic market. On the other hand, the price of silver has continued to fall.

The gold price on Wednesday in the Hyderabad market declined by Rs 920 to Rs 42,300 per 10 grams of 24 carat. At the same time, the price of 22 carat gold also fell by Rs 920 to Rs 38,700. The price of silver dropped by, Rs 6,280 to Rs 41,780, which is mainly due to falling demand from industry units and coin makers.

In the national capital Delhi, the good rates have seen a drop by Rs.900 to Rs.39,550 per ten grams of 22 carat gold. At the same time, the gold price of 24 carats and 10 grams of gold also fell by Rs 900 to Rs 40,750. Silver also fell to Rs 41,780.

There are many factors that affect the price of gold. Inflation, global market price changes, gold reserves at the central banks, interest rates, jewelry market, geopolitical tensions, trade wars are all factors affecting the price of the yellow metal.