- Stained gold
- Increased silver
- Jump heavily
Gold prices have declined in the Hyderabad market in the last three days. 10 grams of 24 carat gold fell by Rs 570 to Rs 51,650. At the same time, the price of 22 carat gold fell by Rs 530 per 10 grams. This brought the price down to Rs 47,340.
If the price of gold falls, the price of silver will run. The price of a kg of silver has risen sharply in the last three days. Rs.3100. With this, the price of silver reached Rs 65,200. The main reason for this is the recovery 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 $ 1907 to $ 1878 per ounce. If the price of gold falls, so does the price of silver. Silver fell to $ 23.71 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.