Gold Rates Surging in Major Cities of India
As of 19 March 2023, gold rates have witnessed a significant surge in major cities of India, including Hyderabad, Bangalore, Kerala, and Visakhapatnam. The gold rate for 10 grams of 22-carat in Bangalore is currently at Rs. 55,300, with a hike of Rs. 1,500, while the gold rate for 10 grams of 24-carat is at Rs. 60,320, with a hike of Rs. 1,630. The same rates are being observed in Hyderabad, Kerala, and Visakhapatnam.
On the other hand, silver rates per one kilogram in Hyderabad, Kerala, Bangalore, and Visakhapatnam have been steady at Rs. 74,400.
Investing in Gold in Hyderabad
Investing in gold in Hyderabad can be a bit daunting for some people who are hesitant about buying gold, pearls, or precious jewelry. However, Hyderabad offers a wide range of jewelry designs in various colors, followed by bars and coins that can offer good margins. Additionally, people with budget constraints can opt for periodic investments by going on an installment basis for 11 months.
