Gold trades higher in Hyderabad, Bangalore, Kerala, Visakhapatnam on 31 May 2021

The gold rate surges in all major cities across the country on Monday. On MCX, the gold rate is at Rs. 49,960. However, the gold rates have been all time high in the last four month and 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. 45,810 with a hike of Rs. 10 and the gold rate of 10 gram of 24-carat is at Rs. 49,960 with a hike of Rs. 10. The gold rate in Hyderabad is holding at Rs 45,810 per 10 gram of 22-carat with a hike of Rs. 10 and 10 gram of 24-carat gold is at Rs. 49,960 with a hike of Rs 10.

Gold rate in Kerala has followed the same trend with a hike of Rs. 10 per 10 gram of 22 carat gold to Rs. 45,810 and the gold rate of 10 gram of 24 carat is surged by Rs. 10 taking the rate to Rs. 49,960. The gold rate in Visakhapatnam registered a hike of Rs. 100 per 10 gram of both 22 carat taking the price to Rs. 45,800 and and for 10 gram of 24 carat gold rate is Rs. 49,960 with a hike of Rs. 10.

On the other hand, silver rates have been slash by Rs. 4600 per kilogram in Hyderabad and Visakhapatnam closing at Rs. 71,600, and there is no change at Bangalore and Kerala closing at Rs 71,600.

Gold rate 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.