Tag: rates

Gold rates in Hyderabad, Dubai, Riyadh, & other important cities on April 17

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Gold is not just a precious metal but its rates in Hyderabad, Dubai, Riyadh and other big cities of the world indicate the market trends. The rates of the yellow metal depend on various factors including geopolitical stability, wars, pandemic, uncertainties, etc.
As gold is also a commodity, its rates depend on demand and supply. In case of any uncertainty, the rates of yellow metal increase drastically as investors consider it save heaven.
However, during the market boom period, its rates return to normal as investors start exploring options that can give them higher returns when compared to gold.

Apart from demand-supply, local factors also contribute to the gold rates in Hyderabad, Dubai, Riyadh, and other important cities across the world.
Gold rates in Hyderabad
Gold rates in Hyderabad and other cities in India depend on various factors including its currency exchange rates as the country is a net importer of the yellow metal.
If the dollar rate goes up against the rupee, India has to spend more to import gold thereby making the yellow metal costly in the local market.
Gold rates as on 22-carat (10 grams) [Change] 24-carat (10 grams) [Change]
April 17 55,950 61,030
Gold rates in Dubai, UAE
A host of factors are responsible for the rise and fall in gold rates in Dubai. The common factors are inflation, tax rates, demand, and supply, etc.
It is a precious metal for both those who buy it for personal use and investors who want to diversify their investments.

When the values of other investment options such as stock, mutual funds, etc go down, the gold value increases thereby reducing the net losses of the investors.
Gold rates as on 22-carat (10 grams) [Change] 24-carat (10 grams) [Change]
April 17 2,248 2,428
Gold rates in Riyadh, Saudi Arabia
The gold rates in Riyadh, the capital of Saudi Arabia, mainly depend on global factors. However, other factors such as inflation, taxes, and demand-supply also plays role in the price movement of the yellow metal.
Gold rates as on 22-carat (10 grams) [Change] 24-carat (10 grams) [Change]
April 17 2,320 2,490
Gold rates in Doha
As Doha, the capital of Qatar sells gold at tax-free rates, the rates are cheaper when compared to India.
Gold rates as on 22-carat (10 grams) [Change] 24-carat (10 grams) [Change]
April 17 2310 2455
Gold rates in Washington
Due to the history of using it as currency, gold is considered a monetary metal. It becomes the most in-demand metal in case of uncertainty in any part of the world.
Gold rates as on 22-carat (10 grams) [Change] 24-carat (10 grams) [Change]
April 17 615 665
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#Gold #rates #Hyderabad #Dubai #Riyadh #important #cities #April
( With inputs from www.siasat.com )

April 17, 2023
UAE hotels see 90% occupancy as room rates surge ahead of Eid Al-Fitr

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Abu Dhabi: Ahead of Eid Al-Fitr holidays, the hotels in United Arab Emirates (UAE) are witnessing exceptionally high occupancy rates of nearly 90%, local media reported.
The Eid Al-Fitr holidays in UAE begin on the 29th of Ramzan and until the 3rd of Shawwal (April 20 – April 23).
As the festivities coincide with the peak of the usual travel season, hotels on Palm Jumeirah, Downtown Dubai, Al Marjan Island in Ras Al Khaimah and Yas Island in Abu Dhabi will be packed with holiday tourists.

Although April is the peak tourism season, most hotels expect the Eid holiday season demand to be driven by accommodation enthusiasts.
As per a report by Gulf News, with accommodation enthusiasts providing more than 50 per cent of the demand, hotel room rates in prime locations average from 2,000 Dirhams to 7,000 Dirhams for a two-night stay, depending on the property.
Average daily rates for hotels in Dubai have increased by at least 45-50 per cent this month.
According to astrologers, this year in the UAE, Ramzan will be 30 days long. This gives the most likely start of Eid Al-Fitr on Friday, April 21. However, the official decision will be announced on the 29th day of the holy month of Ramzan, that is on April 19.

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#UAE #hotels #occupancy #room #rates #surge #ahead #Eid #AlFitr
( With inputs from www.siasat.com )

April 16, 2023
US dollar, UK pound, Saudi riyal, Dirham, Aus dollar to INR exchange rates on April 16

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The exchange rates of the US dollar, UK pound, Saudi riyal, UAE’s Dirham, Australian dollar, and other currencies to Indian rupees depend on demand and supply.
Following are the exchange rates as on April 16, 2023.
Foreign currencies INR values (Change)
US Dollar 81.84
UK Pond 101.61
Saudi Riyal 21.82
Australia Dollar 22.29
Factors that affect exchange rates
Following are some of the factors that affect exchange rates

Inflation
Interest rates
Flow of capital
Liquidity
Current Account Deficits
Inflation: It is an important factor in the exchange rate calculation. As higher the inflation, the lower the currency value, rupee depreciates with the rise in inflation. Rupee appreciates in case of a fall in inflation.
Interest rate: As global investors who look for fixed income will always get attracted to countries that offer higher interest rates, which contributes to the appreciation/depreciation of the Indian rupee.
Flow of capital: As the inflow of capital will result in a rise in demand for the rupee value, it appreciates the rupee. The opposite happens when there is a rise in the outflow of capital.
Liquidity: It is the money supply in the market. With the rise in the money supply, the rupee loses its value and it results in the depreciation of the currency. If the money supply in the market decreases, the rupee appreciates.

Current Account Deficits: It represents that a country is importing goods valued more that the goods it is exporting. This imbalance results in a fall in the value of the currency.
CAD depreciates the currency whereas, Current Account Surplus appreciates the currency.
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#dollar #pound #Saudi #riyal #Dirham #Aus #dollar #INR #exchange #rates #April
( With inputs from www.siasat.com )

April 16, 2023
US dollar, UK pound, Saudi riyal, Dirham, Aus dollar to INR exchange rates on April 14

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The exchange rates of the US dollar, UK pound, Saudi riyal, UAE’s Dirham, Australian dollar, and other currencies to Indian rupees depend on demand and supply.
Following are the exchange rates as on April 13, 2023.
Foreign currencies INR values (Change)
US Dollar 81.88
UK Pond 101.59
Saudi Riyal 21.83
Dirham 22.29
Australia Dollar 54.85
Factors that affect exchange rates
Following are some of the factors that affect exchange rates

Inflation
Interest rates
Flow of capital
Liquidity
Current Account Deficits
Inflation: It is an important factor in the exchange rate calculation. As higher the inflation, the lower the currency value, rupee depreciates with the rise in inflation. Rupee appreciates in case of a fall in inflation.
Interest rate: As global investors who look for fixed income will always get attracted to countries that offer higher interest rates, which contributes to the appreciation/depreciation of the Indian rupee.
CAD depreciates the currency whereas, Current Account Surplus appreciates the currency.

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#dollar #pound #Saudi #riyal #Dirham #Aus #dollar #INR #exchange #rates #April
( With inputs from www.siasat.com )

April 15, 2023
Gold rates in Hyderabad, Dubai, Riyadh, & other important cities on April 14

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Gold is not just a precious metal but its rates in Hyderabad, Dubai, Riyadh and other big cities of the world indicate the market trends. The rates of the yellow metal depend on various factors including geopolitical stability, wars, pandemic, uncertainties, etc.
As gold is also a commodity, its rates depend on demand and supply. In case of any uncertainty, the rates of yellow metal increase drastically as investors consider it save heaven.
However, during the market boom period, its rates return to normal as investors start exploring options that can give them higher returns when compared to gold.

Apart from demand-supply, local factors also contribute to the gold rates in Hyderabad, Dubai, Riyadh, and other important cities across the world.
Gold rates in Hyderabad
Gold rates in Hyderabad and other cities in India depend on various factors including its currency exchange rates as the country is a net importer of the yellow metal.
If the dollar rate goes up against the rupee, India has to spend more to import gold thereby making the yellow metal costly in the local market.
Gold rates as on 22-carat (10 grams) [Change] 24-carat (10 grams) [Change]
April 14 ₹56,650 ₹61,800
Gold rates in Dubai, UAE
A host of factors are responsible for the rise and fall in gold rates in Dubai. The common factors are inflation, tax rates, demand, and supply, etc.
It is a precious metal for both those who buy it for personal use and investors who want to diversify their investments.

When the values of other investment options such as stock, mutual funds, etc go down, the gold value increases thereby reducing the net losses of the investors.
Gold rates as on 22-carat (10 grams) [Change] 24-carat (10 grams) [Change]
April 14 2,270 2,450
Gold rates in Riyadh, Saudi Arabia
The gold rates in Riyadh, the capital of Saudi Arabia, mainly depend on global factors. However, other factors such as inflation, taxes, and demand-supply also plays role in the price movement of the yellow metal.
Gold rates as on 22-carat (10 grams) [Change] 24-carat (10 grams) [Change]
April 14 2,310 2,480
Gold rates in Doha
As Doha, the capital of Qatar sells gold at tax-free rates, the rates are cheaper when compared to India.
Gold rates as on 22-carat (10 grams) [Change] 24-carat (10 grams) [Change]
April 14 2,305 2,450
Gold rates in Washington
Due to the history of using it as currency, gold is considered a monetary metal. It becomes the most in-demand metal in case of uncertainty in any part of the world.
Gold rates as on 22-carat (10 grams) [Change] 24-carat (10 grams) [Change]
April 14 615 665
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#Gold #rates #Hyderabad #Dubai #Riyadh #important #cities #April
( With inputs from www.siasat.com )

April 14, 2023
US dollar, UK pound, Saudi riyal, Dirham, Aus dollar to INR exchange rates on April 13

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The exchange rates of the US dollar, UK pound, Saudi riyal, UAE’s Dirham, Australian dollar, and other currencies to Indian rupees depend on demand and supply.
Following are the exchange rates as on April 13, 2023.
Foreign currencies INR values (Change)
US Dollar 81.95
UK Pond 102.35
Saudi Riyal 21.85
Dirham 22.31
Australia Dollar 54.99
Factors that affect exchange rates
Following are some of the factors that affect exchange rates

Inflation
Interest rates
Flow of capital
Liquidity
Current Account Deficits
Inflation: It is an important factor in the exchange rate calculation. As higher the inflation, the lower the currency value, rupee depreciates with the rise in inflation. Rupee appreciates in case of a fall in inflation.
Interest rate: As global investors who look for fixed income will always get attracted to countries that offer higher interest rates, which contributes to the appreciation/depreciation of the Indian rupee.
Flow of capital: As the inflow of capital will result in a rise in demand for the rupee value, it appreciates the rupee. The opposite happens when there is a rise in the outflow of capital.
Liquidity: It is the money supply in the market. With the rise in the money supply, the rupee loses its value and it results in the depreciation of the currency. If the money supply in the market decreases, the rupee appreciates.

Current Account Deficits: It represents that a country is importing goods valued more that the goods it is exporting. This imbalance results in a fall in the value of the currency.
CAD depreciates the currency whereas, Current Account Surplus appreciates the currency.
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#dollar #pound #Saudi #riyal #Dirham #Aus #dollar #INR #exchange #rates #April
( With inputs from www.siasat.com )

April 13, 2023
Real estate in Hyderabad: Demand-supply mismatch increases property rates

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Hyderabad: Real estate in Hyderabad has witnessed a significant increase in property rates due to a demand-supply mismatch, according to the Magicbricks PropIndex Report (January – March) 2023. The report revealed that residential demand in Hyderabad grew by 6% QoQ while supply decreased by 14.2% QoQ, resulting in a 5.8% QoQ increase in property rates. The localities of Gachibowli, Miyapur, and Kondapur in western Hyderabad experienced the highest residential demand due to their proximity to the Nehru ORR and major employment hubs.
The demand for mid-segment properties (Rs 5000-7000 per square feet) has been increasing, accounting for approximately 50% of the demand and supply in the city. With a continued preference for spacious homes, 2 and 3BHKs commanded 90 percent of the total demand in the city.
Elaborating on the trends, Sudhir Pai, CEO of Magicbricks commented, “Several multilateral agencies have projected that the Indian economy will grow by 6-7% in FY’ 23, despite the global slowdown. The recent Union Budget has also introduced several encouraging initiatives, including substantial allocations to PMAY and UIDF, which have set the wheels in motion for facilitating employment opportunities and infrastructure development. Given the under-served demand for home-ownership in the affordable and mid-range segment, we are optimistic about the growth trajectory for residential demand in the coming quarters as well. We anticipate that the market will stabilise, supplemented by new projects and expedited delivery of under-construction properties, which will open up new avenues for investment and innovation.”

The report also highlighted that Mehdipatnam (4.27%), Police Colony- Kondapur (3.96%), and Balanagar (3.75%) experienced the highest increase in prices QoQ, while prices in Banjara Hills (-3.94%), Boduppal (-3.77%), and Nanakram Guda (-3.39%) decreased QoQ.
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#Real #estate #Hyderabad #Demandsupply #mismatch #increases #property #rates
( With inputs from www.siasat.com )

April 7, 2023
Govt changes gas pricing formula, caps rates to rein-in CNG, piped cooking gas prices

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New Delhi: The Union Cabinet on Thursday approved a new formula for pricing of natural gas and imposed cap or ceiling price to rein in runaway prices of CNG and piped cooking gas.
Natural gas produced from legacy or old fields, known as APM gas, will now be indexed to crude oil price instead of pricing it based gas prices in surplus nations such as the US, Canada and Russia, Union I&B Miniser Anurag Thakur told reporters after a meeting of the Cabinet.
From April 1, APM gas will be priced at 10 per cent of the price of basket of crude oil that India imports (Indian basket of crude oil). The rate such arrived at however will be capped at USD 6.5 per million British thermal unit as against current gas price of USD 8.57 per mmBtu.

The price such arrived at will also have a floor of USD 4 per mmBtu.
Rates will be decided every month instead of current practice of bi-annual revision, he said.
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#Govt #gas #pricing #formula #caps #rates #reinin #CNG #piped #cooking #gas #prices

( With inputs from www.siasat.com )

April 6, 2023
Gold rates surpass all-time high records in Hyderabad, other Indian cities

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Hyderabad: Gold rates in Hyderabad and other Indian cities today broke all-time high records once again due to various reasons including economic uncertainties.
In Hyderabad, the rates of 10 grams of 24-carat and 22-carat yellow metal reached Rs 61360 and Rs 56250 respectively. Similarly, the rates of yellow metals in the international market hit a 13-month high, while silver rates reached a 12-month high.
The rates in other cities are as follows:

Cities 22K (in rupees) 24K (in rupees)
Hyderabad 56250 61360
New Delhi 56400 61510
Mumbai 56250 61360
Chennai 56900 62070
Kolkata 56250 61360
Reasons for rise in gold rates in Hyderabad, other cities
According to market experts, the gold rates in Hyderabad and other Indian cities have climbed due to various reasons, including weakness in the US dollar rate, poor US data, peaking out US interest rates, economic uncertainties, and a rise in oil prices.
Interestingly, gold has outperformed the stock markets in 2023 so far, with its overall return surpassing that of the Sensex and Nifty 50. While the 24-carat gold rate has increased from Rs 55,200 to Rs 60,000 from January 1, 2023, to March 31, 2023, the Sensex and Nifty 50 have dipped from Rs 60,840.74 to Rs 58,991.52 and from Rs 18,105.30 to Rs 17,359.75, respectively, during the same period.
This means that gold has given an overall return of more than 8 percent, while the profits of the Sensex and Nifty 50 have turned negative in the current year so far.
Gold likely to touch Rs 68 thousand
Many experts predict that the demand for the safe haven has increased due to the banking-industry turmoil and concerns that the US economy may tip into a recession. As a result, the gold rates are likely to touch Rs 68,000 in Hyderabad and other cities in the current financial year, giving a return on investment (ROI) of 10-15 percent in FY24.
With the current uncertainty in the stock markets, investors are looking for a reliable and safe investment, and gold seems to be the right choice.

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#Gold #rates #surpass #alltime #high #records #Hyderabad #Indian #cities
( With inputs from www.siasat.com )

April 5, 2023
Egypt hikes interest rates by 2% to contain inflation

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Cairo: Egypt’s Monetary Policy Committee (MPC) decided to raise the interest rates of the central bank by 200 basis points in a new bid to contain high inflation,
In a statement on Thursday, the Central Bank of Egypt (CBE) said the deposit and lending rates were raised to 18.25 per cent and 19.25 per cent, respectively, while the rate of the main operation and the discount rate were increased to 18.75 per cent, Xinhua news agency reported.
Egypt has been struggling to contain rising inflation over the past years, amid a shortage of foreign currency caused by the global economic repercussions of the Covid-19 pandemic and the ongoing Russia-Ukraine war.
Egypt’s annual urban headline inflation increased to a record high of 25.8 per cent and 31.9 per cent in January and February 2023, respectively.
Similarly, the annual core inflation recorded 31.2 per cent in January and 40.3 per cent in February 2023, marking a historical high, the CBE said.
The central bank’s interest rate hike came a week after the US Federal Reserve raised its key interest rate by 0.25 percentage point on March 22.
Egyptian economist Rashad Abdo said that the move will encourage citizens to deposit their money so to decrease demand for products in the markets, which would help reduce prices and lower inflation.
“More importantly, it encourages people not to dollarize their Egyptian pounds since the local currency interest rates in Egyptian banks are very high,” Abdo, also head of the Egyptian Forum for Economic and Strategic Studies, told Xinhua.

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( With inputs from www.siasat.com )

March 31, 2023