- Running gold
- Stained silver
- Rates upwards in the global market
Gold prices rose in Hyderabad on Thursday. Gold of 10 carat 24 carat gold rose by Rs 370 to Rs 51,920. Meanwhile, gold of 22 carat gold rose by Rs 350 per 10 grams. With this, the price went up to Rs 47,600.
As the price of gold rose, so did the price of silver. The price of a kg of silver fell by Rs.700. As a result, silver fell to Rs 66,300. The main reason for this is the slowdown in demand from industry units and coin makers.
On the other hand, the price of gold in the international market. Gold rose 0.50 percent to $ 1905 an ounce. As the price of gold rose, so did the price of silver. Silver rose 0.61 percent to $ 24.03 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.