- Gold upwards
- Increased silver
- Down in the global market
Gold prices rose sharply in the Hyderabad market on Wednesday. 10 grams of 24 carat gold rose by Rs 810 to Rs 52,220. At the same time, the price of 22 carat gold rose by Rs 740 per 10 grams. With this, the price went up to Rs 47,870.
As the price of gold rose, so did the price of silver. Silver rose by Rs 600 per kg. With this, the price of silver reached Rs 62,100. The main reason for this is the rebound in falling demand from industry units and coin makers.
On the other hand, the price of gold fell in the international market. Gold fell 0.20 percent to $ 1908 an ounce. If the price of gold falls, so does the price of silver. Silver fell 0.58 percent to $ 24.43 an ounce.
Now there are a lot of factors that affect the price of cash. 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.