Gold and silver prices in Hyderabad and across India tumbled on Saturday, October 31, 2026, following a global decline to a one-year low. Gold bullion fell as much as 3.6% to $3,876.39 an ounce, marking its worst October performance since the 2008 financial crisis. The drop was attributed to soaring oil prices, inflation concerns, and a slump in US tech stocks, prompting investors to sell bullion to recover losses. Silver also saw a significant decline, diving over 6% to below $49 an ounce, erasing all gains since early December 2025.
In Hyderabad, the price of 24-karat gold was ₹1,38,790 per 10 grams, while 22-karat gold was priced at ₹1,27,224 per 10 grams, and 18-karat gold at ₹1,04,093 per 10 grams. Silver 999 Fine was priced at ₹1,79,390 per kg. Similar trends were observed in other major Indian cities like Mumbai, Bangalore, Delhi, Kolkata, Chennai, and Ahmedabad, with slight variations in prices.
For instance, in Mumbai, 24-karat gold was priced at ₹1,38,580 per 10 grams, and silver at ₹1,79,100 per kg. In Bangalore, 24-karat gold was ₹1,38,680 per 10 grams, and silver at ₹1,79,240 per kg. The prices in Delhi, Kolkata, Chennai, and Ahmedabad followed a similar pattern, reflecting the overall decline in precious metal rates across the country.
The disclaimer noted that the story was for educational purposes only and advised investors to consult certified experts before making any investment decisions.