Gold, Silver Prices Crash After Record High; Buyers Get Huge Relief in Hyderabad

• Gold and silver prices have seen a significant crash after hitting record highs earlier this year, offering relief to buyers.
• In January, 10 grams of 24-carat gold reached Rs 1,78,850, and silver climbed to Rs 4,50,000 per kilogram.
• Prices have since corrected sharply: 24-carat gold dropped by nearly Rs 32,000 per 10 grams, and silver plunged by almost Rs 2 lakh per kilogram.
• The decline is attributed to a strengthening US dollar, increased investor interest in crude oil, and a belief that gold prices were unsustainable.
• In Hyderabad, 24-carat gold (10 grams) fell by Rs 2,940, and silver is now trading around Rs 2,50,000 per kilogram due to heavy selling.