Suryaa Business Desk: Unexpected developments are taking place in the gold and silver markets. Green and silver which have been falling continuously for the last few days... Unexpected developments are taking place in the gold and silver markets. Crude and silver prices, which have been on a steady decline for the past few days, have recently registered a huge fall to the relief of consumers. Especially, within two days, the price of Tulam gold has dropped by Rs 2000 which is surprising the buyers. This fall in prices is evident due to several factors such as economic conditions prevailing in the international markets, inflationary effect and reduced demand. According to the 6 am data, the same trend continued in all the major cities of the country.
This reduction in prices has come as a great relief to pasidi lovers across Hyderabad and Vijayawada cities as well. In Hyderabad and Vijayawada, the major cities of Telugu states, gold price of 24 carats 10 grams continued to be Rs 142470, while Tulam gold price of 22 carats 10 grams was trading at Rs 130590. In Delhi, the national capital, prices are marginally higher due to taxes and other local market differences. There, the price of 24 carat 10 gm gold is Rs 142620, while the price of 22 carat 10 gm is Rs 130740. In major commercial cities like Mumbai, Bengaluru and Chennai, gold price of 24 carat 10 gm remained stable at Rs 142470 and 22 carat 10 gm at Rs 130590 similar to Hyderabad market. Not only gold but also the price of another precious metal, silver, fell heavily in the same way. Market experts are also expressing awe as the prices of silver along with pasidi have come down significantly.
It is noteworthy that in just two days, the price of silver per kg has dropped by Rs 6000. Currently, according to the latest information in the market, the price of silver per kg is trading at 219900 rupees. According to experts, these prices recorded this morning are likely to increase or decrease during the day, or remain stable depending on market trends. However, with the festive and wedding season approaching, this massive drop in gold and silver prices is a very positive development for jewelery buyers and the general public. Also Read: Man dies after falling into canal
