The decline in prices comes despite the ongoing wedding season, which is usually a period when demand for precious metals increases

Hyderabad: Both gold and silver prices hyderabad It fell to its lowest levels in a month after experiencing a steady decline since November 10. The decline in prices comes despite the ongoing wedding season, which is usually a period when demand for precious metals increases.

Gold prices continued their downward trend as of Wednesday. The price of 22 carat gold decreased by Ra 40 to Rs 7,045 per gram, while the price of 24 carat gold decreased by Rs 44 to Rs 7,685 per gram. This marks the lowest levels seen in more than a month.

Gold prices have been on a steady decline since November 10; The most significant decline occurred on November 12, when 22 carat gold fell by Rs 135 to Rs 7,085 per gram and 24 carat gold fell by Rs 147 to Rs 7,729 per gram. .

The steady decline in gold prices follows a global trend influenced by developments that led to shifts in international markets after the US presidential election.

Along with gold, silver prices also decreased and reached the lowest level in a month. The price of silver on Wednesday was Rs 1,010 per 10 grams, up by Rs 10 from the previous day. However, the price of 100 grams is at Rs 10,100, up by Rs 100, and the price of 1 kg is up by Rs 1,000 to Rs 1,01,000.

Over the past 10 days, silver prices have fluctuated, leading to a steady decline leading to Wednesday’s prices. While silver fell by Rs 2,000 to Rs 1,00,000 per 1 kg on Tuesday, prices fell by Rs 1,000 to Rs 1,02,000 per 1 kg on Monday. Prices remained unchanged on several days like November 10 and November 9, when the price of 1 kg silver was Rs 1,03,000.

This decline in silver prices follows similar trends in gold, and experts attribute these fluctuations to global economic factors, including market reactions to the US presidential election and international commodity trends.