Sat Apr 05 02:00:00 UTC 2025: ## Gold and Silver Prices Plummet After Year-Long Surge
**Hyderabad, India** – Gold and silver prices experienced a dramatic plunge on Friday, marking a sharp reversal after a year-long upward trend. International gold prices dropped by over $80 per ounce (31.10 grams), with silver experiencing a similar decline per kilogram. This resulted in significant price drops in the domestic market.
In Hyderabad’s bullion market, the price of 10 grams of 24-carat gold fell by ₹2,400, trading at ₹91,000. The price of a kilogram of silver dropped by over ₹8,000, settling at ₹89,800. This represents a ₹3,000 decrease from the price of 10 grams of gold exceeding ₹94,000 on the 1st of this month, and a drop of over ₹12,000 for silver in just two days from over ₹1.02 lakh.
Experts attribute the price correction to profit-booking by investors. Gold, seen as a safe haven investment during international economic uncertainty, had seen a 35% increase over the past year, with approximately 20% of that increase occurring this year. The surge in prices reportedly led to a 70% decline in jewelry sales, while the exchange of old jewelry for new pieces increased. Concerns over US tariffs and the potential for a Russia-Ukraine ceasefire are also cited as contributing factors.
While some investors are taking profits, analysts suggest that those with immediate needs should consider purchasing gold and silver strategically, keeping a close eye on international developments. The strengthening of the Indian Rupee against the US dollar is also considered a positive factor. Advisors caution buyers to proceed with due diligence before making purchases.
First Piper 