Gold Price Surge Halts in Hyderabad: Gold Down by Rs. 35,500, Silver Collapses!

• Gold and silver prices, after hitting record highs, are now falling due to international market developments and a strengthening dollar.
• Silver prices plummeted by Rs. 40,000 per kilogram in the last six days, settling at Rs. 2,60,000 in Hyderabad on February 18.
• 24-carat gold decreased by Rs. 35,500 per 100 grams in the last 3 days, trading at Rs. 1,54,420 in Hyderabad.
• Reasons for the drop include gold falling below $4,900 per ounce in the global market and the appreciation of the US dollar.
• While a relief for common people, analysts warn that the market has not yet stabilized, with further price drops possible.