Gold Prices Drop Sharply, Relief for Buyers as Rates Fall in Hyderabad
After weeks of skyrocketing prices, there's finally good news for gold buyers. The price of gold has dropped significantly, offering some relief to consumers who have been burdened by record highs.
Hyderabad: After weeks of skyrocketing prices, there’s finally good news for gold buyers. The price of gold has dropped significantly, offering some relief to consumers who have been burdened by record highs.
In recent days, gold prices had surged past ₹1 lakh per tola (10 grams), creating concerns among regular buyers. However, as of today, prices have dropped notably.
Table of Contents
Gold Rate Today in Hyderabad – April 23, 2025
According to the latest update from the Hyderabad Bullion Market:
- 22 Carat Gold (10 grams) – ₹90,150 (↓ ₹2,750)
- 24 Carat Gold (10 grams) – ₹98,350 (↓ ₹3,000)
This marks one of the biggest single-day corrections in recent weeks and brings hope to customers planning purchases for weddings or Akshaya Tritiya.
Also Read: Indian Army Strikes Back: Two Terrorists Killed While Infiltrating in Baramulla
Silver Price Also Slightly Down
In addition to gold, silver prices have also declined slightly, making it a favorable time for buyers:
- Silver (1 kg) – ₹1,11,000
These prices are currently applicable in Hyderabad, and similar rates are being observed in other Andhra and Telangana cities like Vijayawada and Visakhapatnam.
Why Did the Prices Drop?
The dip in gold and silver prices is attributed to:
- International market corrections
- Reduced demand from local retailers
- Stable currency performance
