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Gold prices fell on Monday in the Hyderabad market. The price of 10 grams of 24 carat gold fell by Rs 160. Gold fell to Rs 48,770. At the same time, the price of 10 grams of 22 carat gold also ran in the same direction. It fell by Rs 150 to Rs 44,700.
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If the price of gold falls .. but the rate of silver moved up. Silver rose by Rs 100. With this, the price of a kg of silver silver reached Rs 68,900. This is bad news for those who want to buy silver straps and bracelets.
On the other hand, the price of gold in the international market has declined. Declined 0.10 per cent per ounce. The pound fell to $ 1782 an ounce. The silver rate also moved in a similar direction. The stock fell 0.30 percent to $ 23.87 an ounce.
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However, there are many factors that affect the gold rate. It should be noted that a number of factors such as inflation, changes in international market pound prices, gold reserves held by central banks, their interest rates, jewelery market, geographical tensions, trade wars, and bond yields will have an impact on the pound rate.
The goods and services tax GST (GST), other taxes and manufacturing charges are not added to the above gold and silver prices. Hence these rates may vary in retail shops. So you should note this.