In Hyderabad, gold and silver prices offered some relief to buyers on Wednesday without significant fluctuations. The price of 24-carat gold for 10 grams decreased by ₹270, settling at ₹1,58,510. Similarly, 22-carat gold for 10 grams dropped by ₹250, standing at ₹1,45,300.
Silver prices remained stable. After reaching an all-time high by the end of January, silver prices have started to decline in February. On Wednesday, the price for a kilogram of silver stayed firm at ₹3,00,000. It’s notable that silver prices have been steady at this level for three days.
In the Indian commodity market, both gold and silver prices have shown a slow recovery. Experts attribute the support for gold and silver prices on the MCX to positive signals from global markets and increased healthy spot purchases domestically. Experts predict that gold prices might rise in the future, while silver prices may continue to experience some fluctuations for a while.
