- Know the current Gold Rate of 22K and 24K Gold in Hyderabad.
- Go through the factors that affect the Gold Rate in Hyderabad.
- Explore the last 10 days’ gold price in the same city.
In the state of Andhra Pradesh, lies the city of Hyderabad where most families have gold reserves at their homes to deal with any unforeseen financial difficulties. Indians have a firm mindset that keeping gold as a reserve can help you in dealing with financial problems. Therefore, there is a huge demand for gold in Hyderabad. However, if you wish to invest in gold it is important to know about the gold rate today Hyderabad before making any purchase. Moreover, the gold rate today in Hyderabad is INR 5143 per gram for 24K Gold and INR 4715 per gram for 22K Gold. Below is a table which shows today Gold rate in Hyderabad for 1gm and 10gm of 22 carat as well as 24 carat Gold.
24 Karat and 22 Karat Gold Rate Today in Hyderabad
|Karat||Gram||Gold Rate Today|
|22 Karat||1 Gram||₹4715|
|22 Karat||10 Grams||₹47150|
|24 Karat||1 Gram||₹5143|
|24 Karat||10 Gram||₹51430|
Factors to Keep in Mind While Buying Gold in Hyderabad
Apart from the price of Gold in Hyderabad there are a number of other factors also that you should keep in mind before buying Gold in Hyderabad. Some of the factors are as follows:
Quality- The quality of gold is the most important element to consider before purchasing the precious metal. There are several methods for determining the gold’s quality. However, if you are purchasing gold in the form of jewellery it is advisable that you should always purchase hallmark jewellery.
Weight- Before purchasing a piece of gold jewellery, it is necessary to examine the weight of the item. Additionally, when determining the price of the decoration, stones such as emeralds, rubies, diamonds, and pearls will be considered. The prices of the stones are also set in line with the price of gold per gramme, raising the overall cost of the jewellery piece. As a result, it is necessary to determine whether the stone rate is charged separately or if it is included in the jewellery price.
Special Occasions- If we look at the price of gold over the last few years, we can see that the price of gold rises during the holiday and wedding seasons. During the holidays, prices will rise as the demand for gold increases. So, if you are willing to make a gold investment, you should consider buying gold in the off-season.
Purity of Gold- Karat is the term used to describe the purity or gold. “K” is the name given to it. Gold is available in a variety of karats, including 18 karats, 22 karats, and 24 karats. With 24 carat gold being the finest kind of gold, it is likely to be more expensive than other karats.
Certification- The Indian government has designated the Bureau of Indian Standards (BIS) as the exclusive organisation responsible for certifying and authenticating gold in the country. The BIS hallmark is a globally recognised symbol of conformity that provides consumers with additional assurance about the purity of gold jewellery. It is important to check the hallmark on the gold jewellery before buying.
Frequently Asked Questions
1. What is the Gold rate today Hyderabad?
The Gold rate today Hyderabad is INR 5143 per gram for 24 carat gold and INR 4715 per gram for 22 carat gold.
2. Are Gold rates in Hyderabad related to the demand of gold in Hyderabad?
Yes, the gold rates in Hyderabad are directly related to the demand of gold in Hyderabad. When the demand for gold rises the price for gold in Hyderabad also increases and vice versa.
3. What is today Gold rate Hyderabad for 1gm?
The today gold rate Hyderabad for 1gm 24K gold is INR 5143 while for 1gm 22K gold the gold rate today is INR 4715 .
4. What to buy: Digital gold or Physical Gold?
It totally depends on your purpose of buying the gold. If you are buying gold for consumption then buying physical gold would be a better option. However, if you are just buying the gold for investment purposes then you can also consider buying Digital Gold.
5. Which gold is used in making Gold jewellery?
Generally 22 carat gold is used by the jewellers to make gold jewellery.
6. What is Hallmark Gold?
The Bureau of Indian Standards authenticates and certifies the gold in the country. The BIS hallmark is a global symbol of purity for gold jewellery.
7. What is the Gold rate today in Hyderabad for 10gm?
The Gold rate today in Hyderabad is INR 51430 for 10gm of 24K gold and INR 47150 for 10gm of 22K gold.
8. How to verify Gold purity in Hyderabad?
The purity of Gold is measured in karats. With 24 karat being the purest form of gold. You can check the purity of your gold by visiting any of the trusted jewellers in Hyderabad.
9. What factors determine the Gold rate in Hyderabad?
The factors such as currency movement, local tariffs as well as the international gold rates are some of the factors that determine the gold rate in Hyderabad.
10. What is the 999 gold rate today in Hyderabad?
The 999 gold rate today Hyderabad is INR 5143 per gram
Note – Gold prices are sourced from various news journals such as Economic Times, Live Mint, Good Returns, Fresherslive, etc.