Gold and Silver Prices See Sharp Fall After US-Iran Peace Deal

Gold and silver prices witnessed a sharp decline in the international and domestic bullion markets following the signing of a peace agreement between the United States and Iran. Improved global market sentiment reduced demand for safe-haven assets such as gold and silver, resulting in a significant correction in precious metal prices. The development has brought relief to buyers and investors who have been closely monitoring price movements.

In the Hyderabad bullion market, the price of 24-carat gold fell by ₹3,650 to ₹1,45,860 per 10 grams, while 22-carat gold declined by ₹3,350 to ₹1,33,700. Silver prices also registered a steep fall, with the rate per kilogram dropping by ₹15,000 to ₹2,55,000. Market experts noted that minor variations in prices may be observed across different regions of the Telugu states.