Gold rate increases by Rs 30 and silver rate down by Rs. 670 in Hyderabad today, March 24

Amid coronavirus lockdown across the country, the markets see a drastic fall. Coming to good rates, despite shortage of customers, the rates have increased slightly on Tuesday, March 24. The gold rate in Hyderabad per ten gram if 22 carat is increased by Rs 30 to Rs.39,700. and that of 24 carat also cut down by Rs.30 to Rs. 43,310. The silver prices have seen a huge fall if Rs. 670 per kg to Rs. 39,880.

In the national capital Delhi, the gold rates have rose Rs. 40 with which the price of ten gram of 22 carat stood at Rs.40,550. Meanwhile, gold rate of ten gram of 24 carats also rose by Rs. 40 to Rs 41,750. The silver rate per kg cut down by Rs. 670 to Rs. 39.880.

There are many factors that effect the gold rates. Inflation, global market price changes, gold reserves at the central banks, interest rates, jewelery market, geopolitical tensions, trade wars are all factors effect the gold and silver rates.