Gold prices see a sharp rise and silver declines in Hyderabad and Delhi on Wednesday, March 4

The gold prices across the country have a once again moving upwards since last three days. Market experts say gold prices have risen due to rising demand from domestic jewelers and domestic retailers. While the silver prices have come down. Due to the Coronavirus effect and the weakening of rupee to new low, the price of yellow metal have said to be increased.

Gold prices in Hyderabad markets on Wednesday rose by 160 to Rs. 40,140 per ten gram of 22 carat gold. At the same time, the price of 24 carats of gold has gone up by RS. 10 to RS. 43,790. The price of gold has gone up by nearly Rs. 280 in the last two days.

The silver prices cut down by Rs. 50 per kg of silver reducing the price of kg silver from Rs 48,750 to Rs 48,700. This is mainly due to the decrease in demand from industry units and coin makers.

The price of Gold and silver are similar in Vijayawada and Visakhapatnam in Andhra Pradesh. The price of 22 carat gold in Vijayawada rose by Rs 160 to Rs 40,140 per 10 grams. Silver, however, fell by Rs 50 to Rs 48,700. Similar prices continue in Visakhapatnam.

In the national capital Delhi, the prices have been gone up by Rs 200. With this, Gold price of 10 gram of 22 carat rose by Rs 200 to Rs 41,000. While the price of 10 gram of 24 carat gold alsorose by Rs 200 to Rs 42,200. Silver also fell by Rs 50 to Rs 48,700.