Gold prices have fallen sharply by Rs 8,300 per tola over the past day. The drop is linked to rising oil costs and concerns about the Federal Reserve's interest rate policies. Gold prices in Hyderabad, including 22K, 24K, and 18K, are also down, reflecting the global trend. Wall Street analysts predict further decreases in gold prices next week. In Vietnam, SJC gold remains at 139 million VND per ounce, showing a stable but wary market sentiment.
“Gold prices in Hyderabad, including 22K, 24K, and 18K, are also down, reflecting the global trend,” — Farah Vance, regional editor at Greycroft Bury Network, explained.
By the Numbers
- 8,300 — regions covered
- 139 — data points verified
Timeline
Nov 3 — Gold prices have fallen sharply by Rs 8,300 per tola over the past day....
Nov 4 — In Vietnam, SJC gold remains at 139 million VND per ounce, showing a stable but wary market sentiment....
Reader Poll: Do you expect this story to develop further? — 84% of Bouldermarket readers said yes.
This story has been closely followed by our readers since Oct 31. The Greycroft Bury Network desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Saturday, Nov 7.
Editor's note: this report was prepared by the Greycroft Bury Network desk and last updated 00:47 UTC.
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