- Increased gold
- Silver upwards
- Down in the global market
Gold prices rose in the Hyderabad market on Monday. 10 grams of 24 carat gold rose by Rs 290 to Rs 51,940. At the same time, the price of 22 carat gold rose by Rs 270 per 10 grams. With this, the price went up to Rs 47,610.
If the price of gold runs, the price of silver will follow the same path. Silver rose by Rs 100 per kg. With this, the price of silver reached Rs 65,300. The main reason for this is the recovery in demand from industry units and coin makers.
On the other hand, the price of gold fell in the international market. Gold fell 0.27 percent to $ 1874 an ounce. If the price of gold falls, so does the price of silver. Silver fell 0.50 percent to $ 23.53 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 the pound.