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Gold rate today in Hyderabad, Bangalore, Kerala, Visakhapatnam surges on 31 May 2021
Gold rate today in Hyderabad, Bangalore, Kerala, Visakhapatnam surges on 31 May 2021
Gold rate today on 31 May 2021: The gold rate have seen a surge at all major cities across the country on Monday
Gold rate today on 31 May 2021: The gold rate have seen a surge at all major cities across the country on Monday. On MCX, the gold rate is at Rs. 49,960. However, the gold rates have been all-time high in the last four-month and let's have a look at today's gold rate at respective areas.
Gold rate in Bangalore city for the 10 grams of 22-carat is closed at Rs. 45,810 with a hike of Rs. 10 and the gold rate of 10 gram of 24-carat is at Rs. 49,960 with a hike of Rs. 10. The gold rate in Hyderabad is holding at Rs 45,810 per 10 gram of 22-carat with a hike of Rs. 10 and 10 gram of 24-carat gold is at Rs. 49,960 with a hike of Rs 10.
Gold rate in Kerala also followed the same trends with a hike of Rs. 10 per 10 gram of 22-carat gold to Rs. 45,810 and the gold rate of 10 gram of 24 carat is surged by Rs. 10 taking the rate to Rs. 49,960. The gold rate in Visakhapatnam registered a hike of Rs. 100 per 10 gram of both 22 carat taking the price to Rs. 45,800 and and for 10 gram of 24 carat gold rate is Rs. 49,960 with a hike of Rs. 10.
On the other hand, silver rates have been slash by Rs. 4600 per kilogram in Hyderabad and Visakhapatnam closing at Rs. 71,600, and there is no change at Bangalore and Kerala closing at Rs 71,600.
Gold rate across the major cities Hyderabad, Bangalore, Kerala and Visakhapatnam
| City | 22 carat Gold (10gms) | 24 carat Gold (10gms) | silver (1kg) |
| Bangalore | Rs. 45,810 | Rs. 49,960 | Rs.71,600 |
| Hyderabad | Rs. 45,810 | Rs. 49,960 | Rs.76,200 |
| Kerala | Rs. 45,810 | Rs. 49,960 | Rs.71,600 |
| Vizag | Rs. 45,810 | Rs. 49,960 | Rs.76,200 |
Gold prices mentioned here are due at 8 am, Meanwhile, gold rate continue to fluctuate every day. Bullion market experts says there are many reasons for the gold rate to fluctuate. The change in international market currency prices, inflation, gold reserves at central banks, their interest rates, the coronavirus outbreak, the jewellery market, geographical tensions, trade wars and many other factors are said to have an impact on gold rate.
Investment on gold in Hyderabad
While coming to investment on gold in Hyderabad, there is a slight hesitation what to buy whether, gold, pearls or precious jewellery. However, the people of Hyderabad can opt for jewellery of various designs in myriad colours, followed by Bars and coins where there could be good margin in the bars. On the other hand, the people who have budget constraints can opt for periodic investments by going for installment basis for a period of 11 months.
