The Silver rate has crossed Rs one lakh per KG while the gold rates are reaching one lakh per Kilogram. This is nothing but surging of the rates of Precious metals.
The gold rates in Hyderabad on 18 October, 2024 surged. Going by the rates today, the price of 10 grams of 22-carat gold, 71,610 with a hike of Rs. 50 while the rate of 10 grams of 24-carat gold is trading at Rs. 78,120 with a hike of Rs. 70.
While the Silver rate is at Rs. 1,03,100 per kilogram. The gold rates in the international market have been fluctuating. Over the past few weeks gold rates have experienced a fall during the wedding season, fluctuating around Rs. 70,000 for 10 grams of 24-carat gold and approximately Rs. 66,000 for 10 grams of 22-carat gold.
The Marraige muhurats are helping in the rise in the rates of silver and gold. There is no chance that the rates will come down in the near future. There is also a talk that the purchases of Gold have come down and many of them are using 1 gram of Gold in the functions for the sake of Photography.
