Gold, Silver Soar: Rs 6,000 Hike in 24 Hrs Shocks Buyers in Hyderabad

• Gold and silver prices in Hyderabad surged, with 24-carat gold up Rs. 600/10g (Rs. 3,000 in 2 days) and 22-carat up Rs. 550/10g.
• Silver prices jumped by Rs. 6,000/kg in 24 hours, reaching Rs. 2,71,000, impacting small traders and household buyers.
• The sudden hike is attributed to US-Venezuela tensions and global geopolitical uncertainty, driving investors to safe-haven assets.
• Buyers, especially middle-class families planning weddings, are reconsidering purchases, leading to decreased customer traffic.
• Experts predict continued price fluctuations and advise careful market observation for investors and jewelry buyers.

Why It Matters: Gold and silver prices skyrocket due to global tensions, shocking buyers and impacting market demand.