Gold rates today in Hyderabad, Bangalore, Kerala, Visakhapatnam surged on 02 July 2021
Gold rates today on 09 July 2021
Gold rates today on 02 July 2021: Gold rates today have been surged on Friday at all major cities across the country. Gold rates in Bangalore city for the 10 grams of 22-carat is closed at Rs. 44,000 with a hike of Rs. 250 and the gold rates of 10 grams of 24-carat is at Rs. 48,000 with a hike of Rs. 270. The gold rates in Hyderabad are also holding at Rs 44,000 per 10 gram of 22-carat and 10 grams of 24-carat gold are at Rs. 48,000 with a surge of Rs. 250 and Rs. 270.
Gold rates in Kerala per 10 gram of 22-carat gold are at Rs. 44,000 with a hike of Rs. 250 and the gold rate of 10 gram of 24 carats is at Rs. 48,000 with a hike of Rs. 270. The gold rates in Visakhapatnam followed the same trends with Rs. 44,000 per 10 gram of 22 carats and Rs. 48,000 for 10 grams of 24-carat gold with a hike of Rs. 250 and Rs. 270. The gold rate had fallen more than 2% in the recent past due to the U.S. Federal Reserve has hinted about the rise in interest rates.
On the other hand, silver rates per kilogram in Hyderabad and Visakhapatnam have been at Rs. 74,100 with a hike of Rs. 1200, and at Bangalore and Kerala, silver rates closed at Rs 68,700 with surge of Rs. 1100 respectively.
Gold and silver rates mentioned here are due at 8 am, which will fluctuate at every moment every day. Bullion market experts say gold rates depend on the global gold rates affected by many international factors, including inflation, change in global prices, central bank gold reserve, fluctuating interest rates, and jewellery markets.
Gold rate across the major cities Hyderabad, Bangalore, Kerala, and Visakhapatnam.
| City | 22 carat Gold (10gms) | 24 carat Gold (10gms) | silver (1kg) |
| Bangalore | Rs. 44,000 | Rs. 48,000 | Rs.68,700 |
| Hyderabad | Rs. 44,000 | Rs. 48,000 | Rs.74,100 |
| Kerala | Rs. 44,000 | Rs. 48,000 | Rs.68,700 |
| Vizag | Rs. 44,000 | Rs. 48,000 | Rs.74,100 |
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 in the bars. On the other hand, the people who have budget constraints can opt for periodic investments by going on an installment basis for 11 months.