Gold and Silver Prices Slide Sharply in Telugu States
Gold and silver prices retreat sharply in Telugu states offering brief relief to buyers ahead of wedding season as markets react to global cues demand shifts and recent record highs
- Gold prices fall in Telugu states.
- Silver prices correct after record surge.
- Gold silver buyers see short relief.
After weeks of relentless gains, gold and silver prices have finally cooled, bringing a sense of relief to buyers across the Telugu states. The correction comes just as the wedding season approaches, a period when demand usually peaks.
Market watchers say both metals had climbed far beyond comfort levels in recent months, surprising even seasoned investors. Silver, in particular, had stunned markets by crossing historic highs, driven by strong investment demand and global uncertainty before reversing sharply.
In local markets, 24 carat gold is now priced at Rs 15,175 per gram, slipping by Rs 142. The 22 carat rate has dropped to Rs 13,910 per gram, while 18 carat gold eased to Rs 11,381, reflecting a steady downward trend.
For bulk buyers, 10 grams of 24 carat gold now costs Rs 1,51,750 after a decline of Rs 1,420. Similarly, 22 carat gold stands at Rs 1,39,100 and 18 carat gold at Rs 1,13,810 across major cities in Telangana and Andhra Pradesh.
Silver prices have also seen a notable correction. After touching unprecedented levels earlier, silver is now trading at Rs 280 per gram, down by Rs 20. This brings the price of one kilogram to Rs 2,80,000, marking a steep Rs 20,000 fall.
Experts say global political developments, shifting demand patterns, and profit booking by investors are influencing the current trend. While it remains uncertain whether prices will fall further or stabilize, the sudden dip has offered temporary comfort to households and wedding shoppers watching the markets closely.
