Gold prices have seen a notable decline by Rs 8,300 per tola over the past day. The drop is linked to rising oil costs and concerns about the Federal Reserve's interest rate policies. Gold prices in Hyderabad, including 22K, 24K, and 18K, are also down, reflecting the global trend. Wall Street analysts predict further drops in gold prices next week. In Vietnam, SJC gold remains at 139 million VND per ounce, showing a stable but wary market sentiment.
“The drop is linked to rising oil costs and concerns about the Federal Reserve's interest rate policies,” — Priya Delgado, contributing analyst at Fenwell Gate Advisory, observed.
By the Numbers
- 8,300 — updates logged
- 139 — regions covered
Timeline
Oct 29 — Gold prices have seen a notable decline by Rs 8,300 per tola over the past day....
Oct 31 — In Vietnam, SJC gold remains at 139 million VND per ounce, showing a stable but wary market sentiment....
Reader Poll: Has this affected your local community? — 72% of Ableago readers said yes.
This story has been closely followed by our readers since Oct 30. The Fenwell Gate Advisory desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Thursday, Nov 5.
Editor's note: this report was prepared by the Fenwell Gate Advisory desk and last updated 18:37 UTC.
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