Hyderabad, Dec. 15 -- The gold and silver rates in Hyderabad and other districts in India remained bullish this week.

The prices have been on a strong upward trend after the US Federal Reserve announced a 25-basis-point interest rate cut on December 10. Expectations of further rate cuts by the US Fed have been a major factor supporting bullion prices this year.

Gold, silver rates in Hyderabad this week

The price of 24-carat gold (10 grams) last Monday, December 8 was at Rs 1,30,420. It rose to Rs 1,34,730 today, December 15 and hit an all-time high.

Meanwhile, the silver rates in Hyderabad reflect the yellow metal's journey. Today, it rose to Rs 2,13,000 per kg, up from Rs 1,98,000 last Monday.

In the domestic futures market as well,...