- The price of cash is in the thousands
- Wendy Dhamal
- Rs 1,900 fall
Gold prices fell in the Hyderabad market this week. Gold of 10 grams 24 carat gold fell by Rs 790. Reduced to Rs.51,240. At the same time, the price of 10 grams of 22 carat gold also ran in the same direction. It fell by Rs 800 to Rs 46,900.
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If the price of gold falls .. The price of silver also ran in the same direction. Silver fell by Rs 1,900 to Rs 66,500. The main reason for this is the slowdown in demand from industry units and coin makers.
On the other hand, the price of gold fell in the international market during the same period. The price of gold fell from $ 1895 to $ 1869 per ounce. If the price of gold falls, the price of silver will follow the same path. Silver fell to $ 24.22 an ounce from $ 25.12 an ounce.
Now there are a lot of factors that affect the price of gold. Many factors such as inflation, global market fluctuations, gold reserves at central banks, interest rates, the jewelry market, geographical tensions, and trade wars all have an impact on the pound.