Hyderabad: The rates of gold in Hyderabad reached a record high on Tuesday, September 30, marking their largest monthly surge in 14 years amid concerns over a potential US government shutdown and rising expectations for further Federal Reserve rate cuts.

The price of the yellow metal has risen over 11 percent in September, its best month since August 2011 when it rose 15 percent, boosted by safe-haven demand.

Current gold rates in Hyderabad

The price of 24-carat gold (10 grams) and 22-carat gold (10 grams) rose to a new high of Rs 1,18,310 and Rs 1,08,450 respectively on Tuesday.

US gold futures for December delivery rose 0.4 percent to USD 3,872. US President Donald Trump and his Democratic opponents appeared to make little progress at a White House meeting aimed at heading off a gov

See Full Page