Gold prices, which recently soared past ₹1 lakh, are now falling steadily. The drop comes as global tensions ease and central banks slow down their gold purchases.
This shift has led to a reduced demand for gold, pushing prices down both internationally and in India.
As of May 2, 2025, here are the latest gold rates in Hyderabad:
– 24-carat gold (10 grams): Down by ₹220, now priced at ₹95,510
– 22-carat gold (10 grams): Down by ₹200, now selling for ₹87,550
Experts say that gold’s popularity as a “safe haven” is fading. For years, investors turned to gold during global conflicts and economic uncertainty. But with the current decline in tensions and lower trade tariffs, fear in the market is subsiding.
At the same time, many central banks have already built up their gold reserves. With less urgency to buy more, this reduced demand is contributing to the price slide.
In India, where gold has long been a trusted investment, the downward trend reflects the broader international market. As global demand cools, local prices follow.
The market will likely remain sensitive to geopolitical news and central bank activity. For now, though, gold buyers may find this dip a good opportunity to invest at lower prices.
