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Gold rate in Hyderabad, Bangalore, Kerala, Visakhapatnam today slashes on 01 December 2020

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The gold rate has dropped by a reasonable margin at all major cities in Indian domestic markets on Tuesday.

Gold rate today on 01 December: The gold rate has dropped by a reasonable margin at all major cities in Indian domestic markets on Tuesday. On MCX, the gold rate is at Rs. 48,764 with Rs. 336 decrease. Gold rates vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes. Here are the yellow metal prices in different cities.

Gold rate in Bangalore for ten grams of 22-carat remains at Rs. 44,700 with a fall of Rs. 310 and that of 24-carat gold is at Rs. 48,764 with Rs. 336 decrease. While the gold rate in Hyderabad is at Rs 44,700 per ten gram of 22-carat gold and that of 24 carats is at Rs. 48,764 with a slash of Rs. 336.

The gold rate in Kerala is at Rs 44,700 per 10 gram of 22 carats and the rate of ten grams of 24 carats is at Rs. 48,764. In Visakhapatnam, the gold rates have followed the same trends with Rs. 44,700 and Rs. 48,764 per ten grams of 22 carats and 24 carats respectively with a fall of Rs. 310 and Rs. 336


City
22 carat Gold (10gms) 24 carat Gold (10gms) silver (1kg)
Bangalore Rs. 44,700 Rs. 48,764 Rs.58,600
Hyderabad Rs. 44,700 Rs. 48,764 Rs.63,300
Kerala Rs. 44,700 Rs. 48,764 Rs 58,300
Vizag Rs. 44,700 Rs. 48,764 Rs.63,300

Gold and silver prices have weakened at global markets thus making the domestic prices in India also weak resulting in a fall in the price for the last three days. However, the gold prices mentioned here are due at 8 am, the prices could alter at every moment and hence the gold buyers need to track the live prices at a given time. The mentioned price is closing prices of Wednesday while today's price would begin either with a decrease or increase.

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