The real estate could be down, but the gold rates are going up. There is not stopping for the yellow metal. It is in great demand.
People are going for the gold instead of real estate. The gold and silver prices in Hyderabad has reached unprecedented levels, with gold surpassing the Rs 70,000 per 10-gram mark.
Yesterday, the price of 24-carat gold soared to a record-breaking Rs 70,470 per 10 grams, marking a substantial increase of Rs 600 within a single day.
This milestone represents the first time in a year that gold has breached the Rs 70,000-mark in the Hyderabad market.
On Wednesday, the price of 24-carat gold per 10 grams stood at Rs 69,870 in Hyderabad. Simultaneously, the price of silver also scaled new heights, with 1 kilogram of silver retailing at Rs 85,300, witnessing a surge of Rs 1,300 within a day.
This is the first time in a year that the silver price has crossed the Rs 85,000-mark in Hyderabad’s market.
