Hyderabad, April 28 -- The gold rates in Hyderabad declined slightly after surging beyond the 1 lakh mark. In the current month, the rates broke all-time records nine times.

The current gold rates in the city are Rs 89,400 and Rs 97,530 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 25 percent in the current year.

Future gold rates in Hyderabad

In view of the huge surge, people are delaying their purchase of the yellow metal with an expectation of a price fall. However, experts remain bullish on the future trends of the gold rates.

At present, the gold price in the global market is USD 3,285...