Usually during the Diwali season, the gold prices generally skyrocket due to increase in the demand and purchasing activities done by the Hindu community. But that is not the case this time as international markets dictated the decline of gold prices during the Diwali season.
After trading at all-time high prices till last week, Gold prices came crashing down in international markets after investors imposed a sell off strategy to book the profits. Subsequently, the prices largely fluctuated and went down through the course of the day yesterday.
This is reflecting in the case of the gold prices in the domestic Indian market now. The gold prices have largely come down in Hyderabad with the current market value of 24 carat gold at Rs 1.28 lakh per 10 grams.
When compared to Tuesday rates, the Gold prices went down by ₹6000 on Wednesday. This is the largest single-day drop in gold prices in the last five years.
The price of 22 karat gold is currently at Rs 1.17 lakh. On the other hand, 1 kg of silver is currently trading at Rs 1.65 lakh. The prices of silver also came down crashing largely last night due to the fluctuations in the international market.
This post was last modified on 22 October 2025 11:38 am
Pemmasani Chandrasekhar, the Guntur MP and Union Minister, topped in a performance survey conducted for…
AP CM Chandrababu Naidu said he was shocked to see YCP leaders treating the Parakamani…
Superstar Rajinikanth's 1999 release Padayappa ( Narasimha) was one of the biggest blockbusters in his…
While the previous chief minister of Telangana, KCR had a largely passive approach when it…
The number 8, which has always been her lucky number, blesses this special day —…
Akhanda 2 was supposed to release on December 5. The team postponed it at the…