Gold and silver rates today slashes in Bangalore, Hyderabad, Kerala

Gold rates have seen a decline on Wednesday amid fall in prices at international markets. On MCX gold futures down by approximately 0.18 percent to Rs. 48,800 while the Silver futures on MCX increased by Rs 700 to Rs. 48,700 per kg.

If trends are observed, then the gold rates will increase further with the relaxation of the lock rate.

Going by the gold rates at metro cities, the gold rates in silicon city Bangalore declined by Rs 100 to Rs. 44,300 and Rs. 130 increased for ten gram of 24-carat gold taking the price to 48,320.

The ten gram of 22-carat gold in the Hyderabad market has cut down by Rs 210 to Rs 45,230 and the gold rate for ten gram of 24 Carat is decreased by Rs. 140 to Rs. 49,010.

While in Kerala, the gold rates have seen no change for the day where the prices have stable at Rs. 43,500 and Rs. 47,450 for ten gram of both 22 carat and 24 carat.

In the sea city Visakhapatnam, the same trends followed by a fall in the price of Rs. 210 to Rs. 45,230 per ten gram of 22 carat while the ten-gram of 24 carat gold is at Rs. 49,010 with a fall of Rs. 140.