Gold And Silver Prices Tumble,10 Gms Gold Falls Below Rs 1.5 Lakh

Gold and silver prices have tumbled sharply in the Indian bullion market, driven by a stronger US dollar, surging crude oil prices. 

Silver prices recently plunged by Rs 10,000 per kg to approximately Rs 2,45,700, while 24K gold dipped to Rs 1,48,850 per 10 grams. Amid rising crude oil prices and the US dollar value, gold and silver prices have been plummeting in the domestic



market. 

The price of 10 grams of 24-carat gold stood at Rs 1.48,850, and 22-carat gold was priced at 1.35 lakh on Thursday in Hyderabad. Similarly, the price of silver fell to Rs 2.45 lakh per kilogram.

Experts predict that prices will continue to decline, citing tensions between the USA and Iran. In one week, there has been a Rs 10,000 drop in the Hyderabad market, with gold pricing at 1.60 lakh for 10 grams last week.