Home Finance Hyderabad, Bangalore, Kerala, and Visakhapatnam witness a significant drop in gold and...

Hyderabad, Bangalore, Kerala, and Visakhapatnam witness a significant drop in gold and silver rates on 27 May 2023.

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Hyderabad, Bangalore, Kerala, and Visakhapatnam witness a significant drop in gold and silver rates on 27 May 2023.

Gold rates in Hyderabad, Bangalore, Kerala, and Visakhapatnam have decreased as of 27 May 2023. In Bangalore, the rate for 10 grams of 22-carat gold is Rs. 55,650 with a decrease of Rs. 150, while the rate for 10 grams of 24-carat gold is Rs. 60,710 with a decrease of Rs. 169. Hyderabad has the same rate for 22-carat gold, while 10 grams of 24-carat gold is now at Rs. 60,710 with a decrease of Rs. 160. Kerala and Visakhapatnam also have the same rates as Hyderabad for both types of gold. Silver rates per kilogram are at Rs. 76,200 in all four cities.

For those interested in investing in gold in Hyderabad, there are various options available. There is a range of jewellery designs available in different colors, as well as bars and coins that offer good margins. For those on a budget, periodic investments can be made on an installment basis for 11 months.

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