Hyderabad/Vijayawada, July 1, 2025 – After offering brief relief to consumers, gold prices have once again taken an upward swing, leaving buyers concerned and market watchers on alert.

Recent Drop in Global Gold Rates:

Last week, gold prices saw a sharp fall of nearly ₹5,000 per 10 grams due to easing global tensions—particularly the de-escalation of conflict between Iran and Israel. This cooling off in geopolitical pressure brought temporary relief to bullion markets worldwide, including India.

 Sudden Surge Again – What’s Happening Now?

However, starting from Monday evening and continuing into Tuesday (July 1), gold prices surged again, surprising both investors and regular buyers. In Hyderabad and Vijayawada:

• 22-carat gold is now priced at approximately ₹57,800 per 10 grams

• 24-carat gold (pure gold) is around ₹63,100 per 10 grams

This is a sharp rise compared to rates recorded just 2–3 days ago.

What About Silver?

Silver, which had also cooled off slightly, is now back on the rise:

• Currently trading at around ₹79,500 per kg in Hyderabad

• Demand is fluctuating, especially from the industrial and jewellery sectors

Why Are Prices Rising Again?

Analysts point to a mix of global economic uncertainty, investor shift towards safe-haven assets, and fluctuating US dollar strength as key drivers.
Additionally, festive season anticipation and monsoon-related market activity in India could be contributing to the renewed spike in demand.

🤔 What Should Buyers Do?

Experts advise:

• Monitor rates daily if you’re planning to buy jewellery or invest.

• Avoid panic buying, as prices may continue to fluctuate.

• Investors may consider staggered investments through gold bonds or digital gold.

The gold market continues to reflect global sentiments. While tensions may ease geopolitically, economic uncertainty keeps gold in demand — making it a rollercoaster for buyers and sellers alike.