HYDERABAD: Gold, silver prices continue to decline
HYDERABAD: Gold and silver prices continue to decline, offering relief to buyers. Over the past few days, prices have steadily fallen, easing pressure on consumers. Buyers appear encouraged not by the extent of the fall but by the halt in price rise.
Prices had surged sharply from January 2025 and continued to rise through February. Market experts say the decline began from the second week of March.
Global tensions fail to lift bullion demand significantly
Despite the Iran–Israel conflict entering its third week, gold and silver prices have not seen a major impact. Analysts say global uncertainty has not translated into higher bullion demand as expected.
A stronger US dollar has also contributed to the decline. The Indian rupee has weakened against the dollar. Though recession trends, inflation in several countries, and currency depreciation were expected to push prices up, that has not materialised.
Hyderabad bullion rates fall further in early trade
With the festive season driving jewellery purchases, demand remains steady. However, experts say prices may continue to fall, though the duration of the trend is uncertain.
As of 6 am in the Hyderabad bullion market, prices are as follows:
- 22-carat gold (10 grams): ₹1,36,540
- 24-carat gold (10 grams): ₹1,48,900
- Silver (1 kg): ₹2,59,900
Prices may change by the afternoon.
