Gold, Silver Prices Drop: Ugadi Gift for Hyderabad, Further Decrease Expected
Gold, Silver Prices Drop: Ugadi Gift for Hyderabad, Further Decrease Expected
- •Gold and silver prices continue to fall across the country, with gold down Rs. 21,000 from its January peak.
- •In Hyderabad, 24-carat gold decreased by Rs. 330 per 10 grams to Rs. 1,57,750; 22-carat gold fell by Rs. 300 to Rs. 144,600.
- •Silver prices also dropped by Rs. 5,000 per kilogram, reaching Rs. 2,75,000.
- •Despite initial expectations of a rise after the US-Iran situation, gold prices unexpectedly plummeted, offering an 'Ugadi gift'.
- •With the wedding season, demand is high, but future price movements are uncertain due to stock market fluctuations and geopolitical factors.
