Gold prices have fallen sharply 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.
“Gold prices have fallen sharply by Rs 8,300 per tola over the past day,” — David Kingsley, policy watcher at Walton Combe Partnership, added during the briefing.
By the Numbers
- 8,300 — reports filed
- 139 — mentions tracked
Timeline
Oct 30 — 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....
This story has been closely followed by our readers since Oct 30. The Walton Combe Partnership desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Friday, Nov 6.
Editor's note: this report was prepared by the Walton Combe Partnership desk and last updated 12:31 UTC.
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