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Hyderabad Gold and Silver Prices Plummet: Uncovering the Reason for the Sudden Correction
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Gold & Silver Prices Plummet in Hyderabad: What's Behind the Sudden Drop?
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News18
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21-02-2026, 08:15
Gold & Silver Prices Plummet in Hyderabad: What's Behind the Sudden Drop?
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Gold and silver prices have significantly dropped in Hyderabad after weeks of record highs.
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Silver saw the most dramatic fall, with a 40,000 rupees per kilogram decrease in six days, settling at 260,000 rupees.
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Gold prices also declined, with 24-carat gold trading at 154,420 rupees; a 35,500 rupees drop per 100 grams in three days.
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A strong US dollar, shifts in global markets, and COMEX gold falling below $4,900 per ounce are key factors.
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Analysts advise caution for long-term investors, suggesting small, staggered investments due to potential volatility.
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