Suryaa Now Business News Desk: Gold and silver prices have experienced a significant decline in the domestic bullion market. As of November 14, the price of 24-carat gold per 10 grams is recorded at 1,37,340 rupees in Hyderabad, Vijayawada, and Mumbai, while 22-carat gold is priced at 125,890 rupees in these cities. In Delhi, 24-carat gold is trading at 137,490 rupees per 10 grams, and 22-carat gold is at 126,040 rupees.
Silver prices have also seen a notable decrease, with the price per kilogram dropping by over 5,000 rupees to reach 194,900 rupees.
Financial analysts attribute this decline to the strengthening of the US dollar and expectations of future interest rate hikes. Market reports indicate that international economic developments have placed pressure on precious metals, leading investors to shift funds from gold and silver toward other sectors. Bullion traders suggest that consumers monitor daily price fluctuations to utilize these market conditions.
