Hyderabad, May 12 -- Gold rates in Hyderabad declined significantly on Monday as India-Pakistan tensions eased with 'Operation Sindoor' marking a significant demonstration of India's military and strategic prowess.

The current gold rates in the city are Rs 88,800 and Rs 96,880 per 10 grams of 22-carat and 24-carat yellow metal.

On January 1, the rates were Rs 71,500 and Rs 78,000 per 10 grams of 22-carat and 24-carat yellow metal. This translates to a surge of over 24 percent this year.

Future gold rates in Hyderabad

Due to the huge surge, people have delayed purchasing the yellow metal, expecting a price fall.

Now, as rates have dipped following eased tensions at the India-Pakistan border, people have started considering buying the ...