Gold rates today in Hyderabad, Bangalore, Kerala, Visakhapatnam slashes - 31 October 2021
Update: 2021-10-31 08:22 IST
Gold rates today in Hyderabad, Bangalore, Kerala, Visakhapatnam slashes - 31 October 2021
Gold rates today, 31 October 2021: Gold rates today have slashed at all major cities in Hyderabad, Bangalore, Kerala, and Visakhapatnam. The Gold rates in Bangalore city for 10 grams of 22-carat is closed at Rs. 44,700 with a fall of Rs.150 and the gold rate of 10 grams of 24-carat are at Rs. 48,770 with a fall of Rs. 160. The gold rates in Hyderabad are holding at Rs 44,700 per 10 gram 22 carat with a fall of Rs. 150 and 10 grams of 24-carat gold is at Rs. 48,770 with a fall of Rs. 160.
Gold rates in Kerala per 10 gram of 22-carat are at Rs. 44,700 with a fall of Rs. 150 and the gold rate of 10 grams of 24 carats is at Rs. 48.770 with a fall of Rs 160. The gold rates in Visakhapatnam followed the same trends with Rs. 44,700 per 10 gram of 22 carats with a fall of Rs. 150 and 10 grams of 24 carat gold is at Rs. 48,770 with a fall of Rs. 160.
On the other hand, silver rates in Hyderabad, Kerala and Visakhapatnam per one kilogram have been at Rs. 68,900 and at Bangalore, the silver rates closed at Rs 64,600.
The gold rates in global markets have been lower amid the rise in the US Dollar while in India, after the lifting of the lockdown, the gold rate has been increased.
Gold rates across the major cities Hyderabad, Bangalore, Kerala, and Visakhapatnam
| City | 22 carat gold 10 gms | 24 carat 10gms | silver per 1 kg |
| Hyderabad | Rs. 44,700 | Rs. 48,770 | Rs. 68,900 |
| Bangalore | Rs. 44,700 | Rs. 48,770 | Rs 64,600 |
| Kerala | Rs. 44,700 | Rs. 48,770 | Rs. 68,900 |
| Visakhapatnam | Rs. 44,700 | Rs. 48,770 | Rs. 68,900 |
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.