Gold prices in Hyderabad hit four-month low

The price of yellow metal in Hyderabad has plummeted to a four-month low, following recent fiscal policy changes.

As of Saturday, the price for 22-carat gold per ten grams stood at Rs 63,250, while 24-carat gold was priced at Rs 72,280. This marks a notable decline



from the April lows, when 22-carat gold was priced at Rs 63,350 and 24-carat at Rs 74,340.

This drop comes in the wake of a significant reduction in customs duty announced by Finance Minister Nirmala Sitharaman during her Union Budget presentation earlier this week.