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- Falling silver price
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Gold prices fell sharply in the Hyderabad market on Monday. The price of 10 grams of 22 carat gold fell by Rs 1,200. 46,300. At the same time, the price of 10 grams of 24 carat gold fell by Rs 1,300. Fell to Rs.50,500.
If the price of gold falls .. the price of silver also ran in the same direction. Silver fell by Rs 5,500. With this, the price of silver fell to Rs 69,000. The main reason for this is the slowdown in demand from industry units and coin makers.
Now the price of gold has risen in the international market. Gold rose 0.35 percent to $ 1841 an ounce. As the price of gold rose, so did the price of silver. It rose 2.08 percent to $ 25.14 an ounce.
There are many 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.