Gold, Silver Prices Surge Today In India; Check City-Wise Prices - August 17
Going by today's rates, the gold price in Hyderabad is ₹7,277 per gram for 24-carat gold and ₹6,670 per gram for 22-carat gold.
On Saturday morning, gold and silver prices saw a slight uptick as the price of 24-carat gold went up by Rs 10, now at Rs 71,630 for ten grams.
Similarly, 22-carat gold also increased by Rs 10, with ten grams priced at Rs 65,660.
Silver also saw a price increase, with one kilogram selling for Rs 84,100.
Geopolitical events, like conflicts or diplomatic issues, can lead to higher demand for gold as a safe investment, pushing its price.
Economic factors, such as inflation and interest rates, also affect gold’s value. For example, when inflation is high, people often buy more gold to protect against currency devaluation.
Cities | 24-carat (per gram) | 22-carat (per gram) | Silver (per kg) |
Gold Rate in Hyderabad | ₹7,277 | ₹6,670 | ₹91,000 |
Gold Rate in Chennai | ₹7,277 | ₹6,670 | ₹91,000 |
Gold Rate in Delhi | ₹7,292 | ₹6,685 | ₹86,000 |
Gold Rate in Bangalore | ₹7,277 | ₹6,670 | ₹86,000 |
Gold Rate in Kolkata | ₹7,277 | ₹6,670 | ₹86,000 |