Gold rates today surge while silver dips in Hyderabad, Bangalore, Kerala, Visakhapatnam - 01 January 2023

Gold rates today surge while silver dips
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Gold rates today surge while silver dips in Hyderabad, Bangalore, Kerala, Visakhapatnam

Highlights

Gold rates today, 01 January 2023 : Gold rate today in Hyderabad is at Rs. 50,600 per 10 grams of 22-carat and Rs. 55,200 for ten gram of 24 carat gold.

Gold rates today, 01 January 2023: Gold rates today surges while silver slashes in Hyderabad, Bangalore, Kerala, and Visakhapatnam. The Gold rates have been choppy in the recent past and the reason for it according to the experts is weakness in Indian rupee.

However, going by the rates of yellow metal in major cities on Sunday. The Gold rates in Bangalore city for 10 grams of 22-carat is at Rs. 50,600 with a hike of Rs. 250 and the gold rate of 10 grams of 24-carat is at Rs. 55,200 with a hike of Rs. 270. The gold rates in Hyderabad are holding at Rs. 50,600 per 10 gram of 22 carat with a surge of Rs. 250 and 10 grams of 24-carat gold is at Rs. 55,200 with a hike of Rs. 270.
Gold rates in Kerala per 10 gram of 22-carat are at Rs. 50,600 and the gold rate of 10 grams of 24 carats is at Rs. 55,200 with a hike of Rs. 270. The gold rates in Visakhapatnam are at Rs. 50,080 per 10 gram of 22 carat and 10 grams of 24 carat gold is at Rs. 55,200.
On the other hand, silver rates in Hyderabad, Kerala, Bangalore and Visakhapatnam per one kilogram have been at Rs. 74,300.
Gold rates across the major cities Hyderabad, Bangalore, Kerala, and Visakhapatnam

City 22 carat gold 10 gms 24 carat 10gms gold silver per 1 kg
Hyderabad Rs. 50,600 Rs. 55,200 Rs. 74,300
Bangalore Rs. 50,600 Rs. 55,200 Rs. 74,300
Kerala Rs. 50,600 Rs. 55,200 Rs. 74,300
Visakhapatnam Rs. 50,600 Rs. 55,200 Rs. 74,300

Investment in gold in Hyderabad
While investing in gold in Hyderabad, there is a slight hesitation about buying gold, pearls, or precious jewellery. However, the people of Hyderabad can opt for the jewellery of various designs in myriad colours, followed by Bars and coins where there could be a good margin. On the other hand, the people who have budget constraints can opt for periodic investments by going on an installment basis for 11 months.

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