Hyderabad, March 10 -- Gold price in Hyderabad continues its southward journey on March 10, 2021. On Wednesday, the price of 10 grams of 22-carat gold has fallen down to Rs. 41, 640 as per the Good Returns website.

The gold price in Hyderabad has touched a record high in August last. In the month, the highest price of 10 grams of 22-carat gold was Rs. 54, 200.

Although, there are many factors responsible for the rise or fall in gold price in India, following are the top five.

Inflation

Whenever inflation increases, the purchasing power goes down. In such a situation, investors start purchasing gold in one or the other form as it is considered a safe haven.

As a result of the huge purchases, the price of gold starts increasing due to ...