Gold rates in Hyderabad saw a significant decline on Monday as tensions between India and Pakistan eased following the success of ‘Operation Sindoor,’ which demonstrated India’s military strength. The current gold rates in the city stand at Rs 88,800 for 22-carat gold and Rs 96,880 for 24-carat gold per 10 grams.
This is a notable drop from earlier this year when, on January 1, 22-carat and 24-carat gold prices were Rs 71,500 and Rs 78,000 per 10 grams, respectively. The recent dip represents a reduction after a sharp rise of over 24% in gold prices this year due to geopolitical tensions and global uncertainty.
As the prices have dipped, many people who had delayed purchasing the yellow metal due to high rates are now reconsidering buying. Despite this recent drop, experts remain optimistic about the long-term trend, predicting that gold prices will continue to rise.
At the global level, gold is currently trading at USD 3,262.09 per ounce. Price projections for the end of 2025 by major experts include:
Goldman Sachs: USD 3,700
UBS and Bank of America: USD 3,500
JP Morgan: USD 3,675
Morgan Stanley: USD 3,400
The surge in gold prices this year has been driven by global uncertainties, including trade wars, the Russia-Ukraine conflict, and instability in the Middle East. Although gold has fallen from its all-time high, it remains a favored investment as people seek stability amid ongoing geopolitical risks and uncertain trade policies.
Related topics:
- India Surpasses China in Gold Purchases, Buying 51% More in Three Months
- Qilu Bank Enhances Support for Small Businesses with Innovative Financial Tools
- Bitcoin Poised for a Surge Amid Gold’s Delivery Delays, Expert Claims
