The price of gold has dropped, just ahead of the festive season. The rate of gold today in Hyderabad market stands at Rs 31,300 for 10 gm of gold. The price of silver has also seen a fall.
Gold prices have seen a steady rise. Going by the current rate of increase, gold prices could well touch Rs 35,000 for 10 grammes by the festive occasion of Deepavali. This story explains the reasons for the increase in the rate of gold.
With the National Housing Bank (NHB) setting aside Rs 5,000 crore for medium- and low-income housing schemes, experts discuss how this could help the real estate market.