Hyderabad gold prices steady; buyers weigh short-term outlook
HYDERABAD: Buyers remain uncertain over whether gold and silver prices will rise or fall in the next ten days, as mixed signals from global and domestic markets continue.
Some market watchers expect gold prices to increase further, with estimates suggesting that 10 grams could touch ₹1,10,000. However, these remain projections, and no clear trend has emerged.
Uncertainty persists over gold, silver price direction
Recent declines in gold and silver prices have led many buyers to wait for further correction. Others are considering immediate purchases before a possible rise. This has created hesitation among consumers.
Predicting bullion prices remains difficult. Despite the ongoing conflict in West Asia for over a month, prices have not risen as sharply as expected.
Global cues and inflation shape bullion trends
Analysts point to several factors that could influence prices. These include global price volatility, inflation, the rupee’s depreciation against the dollar, economic slowdown abroad, and tariff policies linked to Donald Trump. These elements may affect both gold and silver in the near term.
Wedding demand rises; investors remain cautious
With the wedding season beginning, retail demand has increased. However, investors are showing caution in putting money into gold and silver.
On Monday morning, prices in the Hyderabad bullion market remained largely stable. The price of 22-carat gold stood at ₹1,35,740 per 10 grams, while 24-carat gold was at ₹1,48,080 per 10 grams. Silver prices declined marginally by ₹100 per kilogram to ₹2,49,900.
