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.
“The drop is linked to rising oil costs and concerns about the Federal Reserve's interest rate policies,” — Andreas Mercer, policy watcher at Stanton Dale Recruitment, added during the briefing.
By the Numbers
- 8,300 — regions covered
- 139 — data points verified
Timeline
Oct 30 — Gold prices have fallen sharply 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....
Reader Poll: Will this story shape the week ahead? — 75% of Bdmartx readers said yes.
This story has been closely followed by our readers since Oct 30. The Stanton Dale Recruitment desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Tuesday, Nov 3.
ICYMI: Tax return deadline looms
Editor's note: this report was prepared by the Stanton Dale Recruitment desk and last updated 20:45 UTC.
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