Gold Prices Plummet in Vijayawada: What's the Current Rate?

• Gold prices in Vijayawada have fallen significantly, with 24-carat gold dropping by Rs. 3980 per 10 grams this week.
• The decline is attributed to a strengthening US dollar, profit booking post-Union Budget, and news regarding the potential US Federal Reserve chairman.
• 24-carat gold, which was Rs. 16,058 per gram on February 1, is now Rs. 15,660 per gram.
• 22-carat gold saw a decrease of Rs. 365 per gram, now priced at Rs. 14,355 per gram.
• Increased margin requirements on MCX and easing US-Iran tensions also contributed to the price drop.