Gold Prices Plunge Today, Buyers Relieved; Silver Rises

• Gold prices fell by Rs. 300 today in the local bullion market, offering relief to buyers.
• The decline is attributed to a strengthening dollar and investors shifting from gold to equity markets.
• In Hyderabad, 10 grams of 22-carat gold dropped to Rs. 1,19,250, and 24-carat gold to Rs. 1,30,090.
• Silver prices, however, increased by Rs. 1000 per kg in Hyderabad, reaching Rs. 1,99,000.
• Experts predict continued price fluctuations, with potential increases due to wedding season demand, and advise buyers to consider financial goals and additional charges like GST.

Why It Matters: Gold price drop offers a timely buying opportunity for consumers.