Gold and silver rates today slashes in Bangalore, Hyderabad, Kerala, Vizag - 10 May 2020

Gold and silver rates today 10 May 2020: Gold rates in India fell today due to a decline in global rates. On MCX, June futures gold rates fell by 0.18 percent while the silver rates on MCX June futures edged higher to Rs.43,600 per kg, extending Rs. 100. Despite the Spot gold markets in India mostly remained shut due to countrywide lockdown to prevent spreading of COVID-19, the gold and silver prices have been on fluctuations. In global markets, gold prices have slipped today as an improvement in global risk appetite drove equities higher.

Going by the gold rates at metro cities in the country, the gold rates have fell in Bangalore with a price of Rs. 300 per ten grams of 22 carat to 43,000 and ten gram of 24-carat gold fell by Rs. 270 to Rs. 46,000 respectively.

The gold rate in the neighbouring Hyderabad markets, the good rates have fell by Rs. 290 per ten gram of 22 carat to 44,200 while ten gram of 24 carat gold rate is stood at Rs. 47,000 per ten gram of 24 carat with a fall of Rs. 250.

Gold rates in Kerala have also seen a fall of Rs.350 per ten gram of 22 carat and 24 carat gold. With this the gold rates have stood at Rs. 42,250 for 22-carat gold and Rs. 46,050 for 24-carat gold respectively.

Coming to the coastal city Visakhapatnam, the same trends followed as that of Hyderabad with prices at Rs. 44,200 per ten gram of 22 carat while the ten gram of 24 carat gold is at Rs. 47,000 with a fall of Rs. 250.