Gold prices have fallen sharply by Rs 8,300 per tola over the past day. The decline is linked to higher crude prices and concerns about the Federal Reserve's interest rate policies. Gold prices in Hyderabad, including 22K, 24K, and 18K, are also falling, 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.
“In Vietnam, SJC gold remains at 139 million VND per ounce, showing a stable but wary market sentiment,” — Ingrid Thorne, research director at Bramcroft Grove Group, added during the briefing.
By the Numbers
- 8,300 — sources cross-checked
- 139 — reports filed
Timeline
Oct 29 — Gold prices have fallen sharply by Rs 8,300 per tola over the past day....
Nov 1 — 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? — 83% of Onlineshopdt readers said yes.
This story has been closely followed by our readers since Oct 29. The Bramcroft Grove Group desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Monday, Nov 2.
Editor's note: this report was prepared by the Bramcroft Grove Group desk and last updated 20:51 UTC.
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