Gold Prices Plunge After Brief Rise, Offering Relief to Buyers

• Gold prices in India, including Telugu states, saw a significant drop on Friday after a sudden increase on Wednesday.
• 24 carat 10 grams gold decreased by Rs. 2,120, now at Rs. 1,44,550; 22 carat gold fell by Rs. 1,950 to Rs. 1,32,500.
• Silver prices remained stable at Rs. 2,60,000 per kilogram, though they had fallen significantly in previous days.
• International gold and silver prices also plummeted, with gold at $4,410 per ounce and silver at $68 per ounce.
• Rising crude oil prices and a stronger US dollar are shifting investor preference away from gold to interest-bearing assets.