Gold Prices Plunge in Hyderabad: Is Now the Time to Buy?

• Gold and silver prices in Hyderabad and other major cities have dropped sharply after a recent surge.
• 24-carat gold fell by Rs 6,600 per 10 grams, and 22-carat gold by over Rs 6,000 between December 28 and January 4.
• Silver saw an even steeper decline of Rs 28,000 per kg in the same period.
• The price correction is attributed to global market movements and profit booking by investors.
• Market watchers suggest this dip could be a good buying opportunity before prices rebound, but buyers should factor in GST and making charges.

Why It Matters: Gold and silver prices dropped significantly, potentially offering a good buying opportunity before a rebound.