Gold continues totrade higher in Hyderabad, Bangalore, Kerala, Visakhapatnam

The gold rate continues to rise in all major cities across the country on Wednesday. On MCX, the gold rate is at Rs. 50,300. The gold rates have been all time high in the last four month and going further highs since last four days. Let's have a look at today's gold rate at respective areas. Gold rate in Bangalore city for the 10 grams of 22-carat is closed at Rs. 46,100 with a hike of Rs. 200 and the gold rate of 10 gram of 24-carat is at Rs. 50,300 with a hike of Rs. 230. The gold rate in Hyderabad is holding at Rs 46,100 per 10 gram of 22-carat with a hike of Rs. 200 and 10 gram of 24-carat gold is at Rs. 50,300 with a hike of Rs 230.

Gold rate in Kerala also followed the same trends with a hike of Rs. 200 per 10 gram of 22 carat gold to Rs. 46,100 and the gold rate of 10 gram of 24 carat is surged by Rs. 230 taking the rate to Rs. 50,300. The gold rate in Visakhapatnam registered a hike of Rs. 200 per 10 gram of both 22 carat taking the price to Rs. 46,100 and and for 10 gram of 24 carat gold rate is Rs. 50,300 with a hike of Rs. 230.

Gold prices mentioned here continue to fluctuate every day. Bullion market experts says there are many reasons for the gold rate to fluctuate. The change in international market currency prices, inflation, gold reserves at central banks, their interest rates, the coronavirus outbreak, the jewellery market, geographical tensions, trade wars and many other factors are said to have an impact on gold rate.