Gold prices in domestic bullion markets fell for a third consecutive day on Friday, April 24, 2026 [1, 2, 3].
This downward trend reflects the volatility of precious metals when faced with shifting macroeconomic indicators. Because gold is often viewed as a hedge against inflation, its value typically fluctuates in inverse relation to the strength of the U.S. dollar and the movement of bond yields.
In Hyderabad, India, the price for 24-karat gold was recorded at ₹15,295 per gram [2]. Meanwhile, 22-karat gold in the same market fell to ₹14,020 per gram [2]. These declines were mirrored in other regional hubs, including Nepal, and New Delhi [1, 2, 3].
Market data from New Delhi showed a price drop of ₹200 for gold within a single session [3]. Silver experienced a more significant plunge in the same city, dropping ₹3,000 in one session [3].
Analysts said the three-day decline was due to a firming U.S. dollar and elevated bond yields [2, 3]. These global headwinds have pressured the precious metals market, making gold less attractive to investors compared to dollar-denominated assets [2, 3].
The Federation of Nepal Gold and Silver Dealers' Association and various market analysts monitored the trend as the decline extended through the end of the week [1]. The consistent drop across multiple cities suggests a broad regional impact driven by international financial pressures rather than local demand shifts [1, 2, 3].
“Gold prices in domestic bullion markets fell for a third consecutive day”
The synchronized drop in gold and silver prices across Nepal and India highlights the sensitivity of South Asian bullion markets to U.S. monetary policy. When the U.S. dollar strengthens or bond yields rise, the opportunity cost of holding non-yielding assets like gold increases, leading to sell-offs in domestic markets. This trend indicates that global macroeconomic factors currently outweigh local jewelry demand or cultural investment patterns in the region.
