Hyderabad gold, silver prices fall sharply
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HYDERABAD: Gold and silver prices declined sharply in international markets, reflecting in domestic rates.
According to market data at 11:55 pm Indian Standard Time on Thursday, the price of one ounce (31.10 grams) of pure gold fell by $282 to $4,608. Silver prices dropped by $5 to $71 per ounce.
Global bullion rates drop amid overnight trade trends
The decline in international bullion prices led to a sharp correction in domestic markets, traders said.
Hyderabad market sees steep fall in gold, silver rates
In the Hyderabad bullion market, the price of 10 grams of gold fell by nearly ₹8,000 compared to the previous rate, settling at ₹1,50,640. The price of one kilogram of silver declined by about ₹16,000 to ₹2,37,210.
Traders attributed the fall to movements in global markets.
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