Gold Prices Plunge After Israel-Iran War Spike; Hyderabad Rates Ease, Buyers Rush In

• Gold prices, which surged over Rs 10,000/10 grams after US-Israel strikes on Iran, have now fallen significantly over the past three days.
• The recent dip is attributed to a stronger US dollar, rising US bond yields, and easing international market tensions.
• In Hyderabad, 24-carat gold is down by Rs 8,580/10 grams over three days, now at Rs 1,64,510, leading to increased customer footfall in jewellery stores.
• Silver prices also saw a sharp decline, trading at Rs 2,95,000 per kg in Hyderabad, down by Rs 20,000 from the previous close.
• Experts suggest gold may rise long-term despite the short-term dip, advising buyers to check purity and hallmark certification.