Good news for gold buyers as prices have dropped sharply in the Hyderabad bullion market today. The price of 10 grams of 24-carat gold fell by ₹3,380 to ₹1,27,200, while 22-carat gold dropped by ₹3,100 to ₹1,16,600. Silver prices also dipped, with a ₹100 decline per kilo to ₹1,81,900.