Hyderabad, Feb. 2 -- Gold rates in Hyderabad and across the world declined sharply on Monday, February 2, as investors continue to book profits.

Similar trends are also seen in silver prices. In both metals, the rates started declining on Friday, January 30.

Gold, silver rates in Hyderabad

As of February 2, the rates of the yellow metal are Rs 1,51,530 and Rs 1,38,900 per 10 grams of 24-carat and 22-carat gold, respectively. On January 29, the rates were Rs. 1,78,850 and Rs 1,63,950 respectively.

Along with gold, silver prices too dipped sharply. The white metal is currently priced at Rs 3,00,000 per kilogram. It was priced at Rs 4,25,000 on January 29.

The prices of yellow and white metals are likely to maintain their downward momen...