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
The upcoming film Transfer Trimurthulu marks the directorial debut of Kamal Teja Narla, and actor-producer…
The buzz around OG 2 has suddenly reached another level. Soon after Pawan Kalyan's production…
As Mumbai grapples with intense heat and recurring power cuts, residents of slum settlements near…
The shoot of Jr NTR’s Dragon is progressing rapidly, with the team currently filming important…
Parvathipuram Manyam Collector Prabhakar Reddy has set an example by admitting his son Krish Dharan…
Samantha's Maa Inti Bangaaram is heading toward its release with exceptional momentum, emerging as one…