Big relief for buyers as gold and silver prices drop ahead of Diwali

Hyderabad bullion market recorded a steep fall in gold prices on October 30. 24-carat gold price fell by Rs 1,690 per 10 grams, taking the rate to Rs 1,42,260. 22-carat gold price also dropped by Rs 1,550 per 10 grams, moving the rate to Rs 1,30,400. 18-carat gold rate dropped by Rs 1,270 per 10 grams to reach Rs 1,06,690. This single-day price drop brought relief to buyers after three days of rising rates.

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