Gold rates in Hyderabad, other Indian cities, and globally fell on Thursday following the release of the US presidential election results.
Today, the December futures contracts for gold on MCX opened with a 0.37 percent decline at Rs 76,369 per 10 grams, while silver December futures contracts were trading 0.24 percent lower at Rs 90,601 per kg.
In Hyderabad, the price of gold dropped by Rs 1,650 and Rs 1,790 for 22-carat and 24-carat gold, respectively. Following the decline, the rates reached Rs 72,000 and Rs 78,560 for 10 grams of 22-carat and 24-carat gold, respectively.