HYDERABAD: Gold prices fluctuate; investors weigh buying decision
HYDERABAD: Gold and silver prices continue to fluctuate, leaving buyers uncertain about the right time to invest. Prices are neither rising sharply nor falling significantly. Despite the ongoing conflict in West Asia for over a month, expectations of a steep rise in gold and silver prices have not materialised. While prices have seen minor corrections, there has been no major surge.
Many buyers are still waiting for a further dip before making purchases. Some analysts say prices may not rise as they did in the past, while others expect a sharp increase in the near future.
Demand has limited role in price movement
Gold and silver prices do not strictly follow demand trends. Prices often rise even during off-season periods with low demand, and may fall during peak demand seasons. Instead, global factors such as international market volatility, inflation, rupee depreciation against the US dollar, economic slowdown abroad, and a stronger dollar influence price movements.
Given these variables, future price trends remain uncertain.
Prices today
With the wedding season approaching, some buyers have begun purchasing jewellery in anticipation of a possible price rise.
On Saturday, gold prices in India rose marginally, while silver prices saw a sharp decline. The price of 10 grams of gold increased by ₹160, while silver prices dropped by ₹15,000 per kilogram.
In the Hyderabad bullion market, the rates recorded in the morning are:
- 22-carat gold (10 grams): ₹1,32,660
- 24-carat gold (10 grams): ₹1,44,720
- Silver (1 kg): ₹2,44,900
Prices may change later in the day.
