Gold price in Hyderabad: Soar to new highs..up to Rs.60 thousand in a year..
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Gold price in Hyderabad | Hyderabad: The run of paddy prices continues. Creating new records domestically. Allindia Sarafa Association said that the price of 10 grams of pure unripe rice rose by Rs.2,650 to Rs.1,40,850 (including taxes) in the national capital Delhi. On Monday, pasidi of 99.9 purity was Rs.1,38,200. In the Hyderabad bullion market on Tuesday evening, the price of 10 grams is Rs.1,40,820. Gold has increased by Rs.61,900 in this year alone. On December 31, 2024, 10 grams of pasidi was Rs.78,950.. Today it has increased by 78 percent and is heading towards Rs.1.50 lakh.
On the other hand, silver is also registering new records. In Delhi, the price of silver rose by Rs 2,750 to Rs 2,17,250 per kg in a single day. Silver has increased by around Rs.1,27,550 in this calendar year alone. As on December 31 last year, the price of silver per kg was Rs.89,700. That is about 142.2 percent growth. As the price of spot gold in the international market approached 4,500 dollars an ounce, domestic gold prices rose to the same level. On the other hand, silver has also crossed the 70 dollar mark for the first time in the international market.
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Gold and silver prices are rising as investors consider them as safe investment instruments with expectations that the US Federal Reserve will once again cut interest rates next year, HDFC Securities said. Senior Analyst Saumil Gandhi stated. It is said that geographical uncertainties are also added to this. Analysts say that investors are likely to focus on the second estimates for the third quarter of the US. It is said that this will have an impact on the future decisions of the Federal Reserve, in addition to expectations on the US economic situation.
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