Telangana - Gold Rates in Hyderabad Fall Down
On May 20, the prices of 24-carat and 22-carat gold reached record highs of Rs 75,160 and Rs 68,900, respectively.
The price of gold in hyderabad has decreased by 1.21 percent so far this month.
The gold rates in different indian cities are as follows:
The Fed's projected rate decrease has been moved from July to september in response to a strong nonfarm payroll data, which has caused a drop in gold prices.
Furthermore, a decrease in China's gold purchases is the reason behind the drop in gold prices both internationally and in Hyderabad. The nation did not purchase any gold in the past month.
Future gold rate trends will be influenced by a number of variables, such as the Fed's decision to lower interest rates, the conflict between russia and Ukraine, and Middle east stability.