After rising by ₹50 per 10 gm on June 22 and remaining unchanged on 23rd June, gold price finally succumb to the negative mood of the bullion market and went down by ₹50 again today in Hyderabad.
Speaking on Gold price today in Hyderabad C Sreenivas Rao, President at India Bullion and Jewellers Association — Andhra Pradesh and Telangana chapter said, “Gold price today in Hyderabad for 24 carat is ₹48,630 per 10 gm while for 22 carat it is priced at ₹44,740 per 10 gm.
Sugandha Sachdeva went on to add that the Fed chair in his recent testimony has calmed the markets’ nerves by his dovish sentiment that could underpin gold prices going forward.