- Reduced gold
- Silver Jigel
- Up in the global market
Gold prices fell in Hyderabad on Tuesday. 10 grams of 24 carat gold fell slightly by Rs 20 to Rs 51,920. At the same time, the price of 22 carat gold fell by Rs 20 per 10 grams. As a result, the price dropped to Rs 47,590.
While the price of gold fell, so did the price of silver. Silver rose by Rs 900 per kg. With this, the price of silver reached Rs 66,200. The main reason for this is the recovery in demand from industry units and coin makers.
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On the other hand, the price of gold in the international market. Gold rose 0.14 percent to $ 1895 an ounce. As the price of gold rose, so did the price of silver. Silver rose 0.45 percent to $ 24.14 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.