Hyderabad: Gold and silver prices surprised buyers on Thursday by dropping after recent fluctuations. The price of 24-carat gold fell by ₹2,290, settling at ₹1,54,310 for 10 grams. Meanwhile, 22-carat gold decreased by ₹2,100, ending at ₹1,41,450 for the same weight.
The decline in gold prices was influenced by U.S. President Trump‘s tariff threats against European countries and the Greenland acquisition controversy. These factors initially drove prices up, but as tensions eased with the U.S. entering discussions over Greenland, gold prices began to stabilize. Experts suggest that while a temporary drop in gold prices might continue, they expect a rise during the upcoming wedding season in February. Gold has increased by 64% in 2025 and has seen an 11% gain so far in 2026.
Silver Prices Drop
Silver prices, which recently set all-time records, fell unexpectedly by ₹5,000 to ₹3,40,000 per kg on Thursday. This was the largest drop in the past 10 days, sparking discussions in the market about future trends. Currently, spot silver is trading at $91.17 per ounce, a 3.6% decrease, after hitting a record high of $95.87 just on Tuesday.
Fluctuations in stock markets, Federal Bank interest rates, and international developments are affecting both silver and gold prices. The withdrawal of Trump’s tariff threats related to Greenland and European countries also shifted market sentiment. Market experts believe that if equity markets remain strong, silver prices might decrease further in the short term.
