Gold Prices Hold Steady While Silver Jumps Sharply in Hyderabad
Gold prices remain stable in Hyderabad after recent fluctuations, while silver sees a sharp surge of Rs 5000 amid global market movements, currency trends, and rising crude oil prices.
Gold prices showed little movement in Hyderabad on April 25, offering some relief to buyers after recent fluctuations. While the yellow metal remained steady, silver prices moved in the opposite direction, recording a sharp increase during the day.
In the local market, 22 carat gold is currently priced at Rs 1,41,200 per tola, holding steady after a slight rise in the previous session. Similarly, 24 carat gold is trading at Rs 1,54,040 for 10 grams. Despite minor ups and downs in recent days, prices have now entered a phase of stability.
Silver, however, has seen a strong upward trend. The price surged by Rs 5000, pushing the rate in Hyderabad to around Rs 2.70 lakh per kilogram. This comes after a notable decline earlier in the week, indicating high volatility in the metal market.
International trends continue to influence domestic prices. Spot gold is currently trading near 4710 dollars per ounce, while silver is hovering above 75 dollars. During intraday trade, both metals experienced sharp swings before settling near their current levels.
Market experts point to rising crude oil prices as a key factor affecting gold movement. Investors are shifting focus towards oil, reducing demand for gold as a safe haven asset. Brent crude is currently trading close to 105 dollars per barrel, reflecting ongoing global uncertainty.
Geopolitical tensions in West Asia, particularly involving Iran, Israel, and the United States, are also contributing to market instability. With no clear resolution in sight, commodity markets continue to react to developments in the region.
Currency movement has added another layer of impact. The Indian rupee is trading around 94.27 against the US dollar, influencing import costs and, in turn, domestic bullion prices.
Overall, while gold prices appear to have paused after recent changes, silver has emerged as the more active metal in the market. Analysts expect both metals to remain sensitive to global cues, local demand, and economic conditions in the coming days.
