Gold Rate Today May 13: Prices Drop Sharply for Second Day
13 May, 2025 10:21 IST|Sakshi Post
Gold prices have dropped significantly for the second day in a row, bringing some relief to buyers and investors. On Tuesday, the price of 24-carat gold fell by ₹1,260 per 10 grams, now standing at ₹95,620. Similarly, 22-carat gold saw a drop of ₹1,150, now priced at ₹87,650 per 10 grams.
Meanwhile, the price of silver remains steady, with 1 kilogram of silver now trading at ₹1,09,000.
These prices are mostly the same across both Telugu states — Telangana and Andhra Pradesh.
Current Gold Prices in Hyderabad (May 13, 2025)
Gold (10 grams):
- 24 Carat: ₹95,620
- 22 Carat: ₹87,650
Silver (1 Kg):
- ₹1,09,000
The sharp decline in gold prices is being attributed to improving global conditions. A ceasefire agreement between India and Pakistan has reduced geopolitical tensions in the region. Additionally, the recent resolution of trade disputes between the United States and China, which ends their long-standing tariff war, has boosted market confidence. As global uncertainties ease, investors are moving away from safe-haven assets like gold, resulting in a drop in both demand and prices.
