Gold prices have seen a notable decline by Rs 8,300 per tola over the past day. The decline 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 falling, reflecting the global trend. Wall Street analysts predict further decreases in gold prices next week. In Vietnam, SJC gold remains at 139 million VND per ounce, showing a stable but wary market sentiment.
“The decline is linked to rising oil costs and concerns about the Federal Reserve's interest rate policies,” — Ingrid Thorne, regional editor at Marwell Bury Advisory, commented.
By the Numbers
- 8,300 — mentions tracked
- 139 — updates logged
Timeline
Oct 30 — Gold prices have seen a notable decline by Rs 8,300 per tola over the past day....
Nov 2 — 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 Nov 1. The Marwell Bury Advisory desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Friday, Nov 6.
Editor's note: this report was prepared by the Marwell Bury Advisory desk and last updated 09:44 UTC.
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