Hyderabad, May 26 -- The gold rates in Hyderabad have dipped after hitting an all-time high on May 20. From the lifetime high, it declined by Rs 2720 per 10 grams of 24-carat gold.

In the city, the rates for 22-carat and 24-carat gold for 10 grams have reached Rs 66,400 and Rs 72,440, respectively.

Gold rates in Hyderabad declined by nearly 4 pc in six days

Since May 20, the prices of the yellow metal have declined by 3.61 percent.

Despite the fall in rates, the prices have increased by 1.3 percent so far this month.

On May 20, the rates for 10 grams of 22-carat and 24-carat gold were Rs 68,900 and Rs 75,160, respectively.

Reasons for the decline in rates

The decline in gold rates can be attributed to the hint of a hike in interest...