Hyderabad, June 29 -- Gold rates continue to slip in Hyderabad as strong profit booking sets in, with safe-haven demand easing.

The rates have reached near June 1, 2025 levels.

Reasons for dip

One of the major reasons is traders are rushing to sell amid easing Middle East tensions and favorable reports about a trade deal between the US and China.

Apart from that, there are no fresh geopolitical triggers.

Though gold prices have slid from recent highs and reached around one-month lows, silver continues to remain high.

Gold rates trend in Hyderabad

As of Sunday, the price of 10 grams of 22-carat gold in Hyderabad stands at Rs 89,300, whereas 24-carat gold has declined to Rs 97,420.

However, when compared to rates at the beginning of...