- Increased gold price
- Stable silver
- Down in the global market
Gold prices rose in the Hyderabad market on Monday. 10 grams of 24 carat gold rose by Rs 240 to Rs 51,510. At the same time, the price of 22 carat gold rose by Rs 220 per 10 grams. This brings the price to Rs 47,220.
As the price of gold rose, so did the price of silver. There is no change in the price of a kg of silver today. With this, the price of silver remained stable at Rs 62,500. The main reason for this is the stagnant demand from industry units and coin makers.
On the other hand, the price of gold in the international market has declined. Gold fell 0.31 percent to $ 1899 an ounce. If the price of gold falls, so does the price of silver. Silver fell 1.17 percent to $ 24.39 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.