Hyderabad, April 23 -- After hitting an all-time high on April 19, gold rates in Hyderabad started declining, leaving many in a dilemma about whether to buy the yellow metal now or wait for a further drop.

Today itself, the price of the metal fell by Rs 1400 and Rs 1530 per 10 grams of 22-carat and 24-carat gold respectively.

Why did gold rates in Hyderabad decline?

The prices of 10 grams of 22-carat and 24-carat gold, which were Rs 68150 and Rs 74340 respectively on April 19, have fallen to Rs 66150 and Rs 72160 respectively.

In just five days, the prices have dropped by around 3 percent.

The reasons behind the sudden drop include no immediate escalation in Israel-Iran tensions. There is an increased expectation that the Federal Res...