Hyderabad, Feb. 2 -- After the United States Federal Reserve approved a quarter-point interest rate hike marking the return to a more traditional interest-rate policy, the gold rates broke all-time high records in Hyderabad and other Indian cities.

Today, the gold rates jumped by over 1.1 percent in Hyderabad. Currently, the rates of 22-carat and 24-carat yellow metal are Rs 53600 and Rs 58470 respectively.

Meanwhile, the rates of 22-carat and 24-carat yellow metal in the national capital are Rs 53750 and Rs 58610 respectively.

The rates in other cities are as follows:

Domestic, international reasons for rise in gold rates in Hyderabad, other cities

Both domestic and international reasons are responsible for the rise in gold rates in...