Gold Prices Plummeted by Rs 2,290 Last on Jan 22; Experts Predict Rs 2.5 Lakh Mark Soon

• Gold prices in Andhra Pradesh and Telangana are a major topic of discussion due to continuous increases and the upcoming wedding season.
• While rising prices are favorable for investors, they are a concern for buyers.
• On January 27, 10 grams of 24-carat gold is Rs. 1,61,950, and 22-carat gold is Rs. 1,48,450, showing stability today after continuous rises.
• The last significant drop was on January 22, when gold prices fell by Rs. 2,290; since then, prices have only risen or remained stable.
• Bullion market experts predict gold prices could reach Rs. 2.5 lakhs this year, advising buyers to purchase during slight dips.

Why It Matters: Gold prices are soaring, with a significant drop last seen on January 22, and are predicted to hit Rs 2.5 lakhs.