Gold, silver prices see a sharp surge in Hyderabad on Friday

The gold prices in Hyderabad experienced a significant surge on Friday, reaching the third-highest rate recorded this year

Hyderabad: The gold prices in Hyderabad experienced a significant surge on Friday, reaching the third-highest rate recorded this year.

The price of 24-carat gold per 10 grams rose to Rs 74,450, marking an increase of Rs 1,300 from Thursday’s rate of Rs 73,150. Similarly, 22-carat gold prices saw an increase, with the rate per 10 grams reaching Rs 68,250, up by Rs 1,200 from the previous day’s Rs 67,050.

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Over the past few weeks, gold rates have experienced a fall fluctuating around Rs 70,000 for 10 grams of 24-carat gold and approximately Rs 66,000 for 10 grams of 22-carat gold. This upward trend follows a volatile period for gold prices from August 13 to September 13, driven by global economic uncertainty and fluctuating demand.

The highest price for 24-carat gold was recorded on May 20, when it touched Rs 75,160, followed by another peak of Rs 75,000 on July 17.

Meanwhile, silver prices in the city also experienced a sharp rise on Friday, with the price per kilogram climbing to Rs 95,000, up by Rs 3,500 from Thursday’s rate of Rs 91,500.