- Pasidi Jigel
- Consistently silver
- Up in the global market
Gold prices rose in the Hyderabad market. On Tuesday, 10 gram 24 carat gold rose by Rs 640 to Rs 53,020. At the same time, the price of 22 carat gold also moved above Rs 580 per 10 grams. With this, the price went up to Rs 48,600.
As the price of gold rose, so did the price of silver. Silver fell by just Rs 10 to Rs 65,400. The main reason for this is the stagnant demand from industry units and coin makers.
On the other hand, the price of gold moved higher in the international market today. Gold rose 1.42 percent to $ 1880 an ounce. As the price of gold rose, so did the price of silver. Silver rose 2.16 points to $ 24.21 an ounce.
Now there are a lot of factors that affect the price of gold. Many factors such as inflation, global market change in pound prices, gold reserves at central banks, interest rates, jewelery market, geographical tensions, trade wars will have an impact on pound sterling.