Gold Price in Hyderabad

Updated on July 25, 2024, 9:35 a.m.

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gold

₹6,525.00/ Gram (22ct)

₹ 335.00

The gold rates in Hyderabad today are ₹65,250.00 for 22 Karat and ₹69,520.00 for 24 Karat per 10 grams, as of the morning session. As the day goes on, the rate might change depending on the trade of the yellow metal. However, the rate you see above won’t be the same across the country. So, we have listed today's gold rates for Hyderabad, the price movement over the last 30 days, and much more on this page. Keep reading!

Today’s Gold Rate in Hyderabad

Gold rates vary across India due to different taxes and factors. In Hyderabad, the prices for 22K and 24K gold differ. Find today's gold rates in Hyderabad here.

Today 22 Carat Gold Price Per Gram in Hyderabad (INR)

Gram Today Yesterday Change
1 gram ₹ 6,525.00 ₹ 6,860.00 ₹ 335.00 ▼
8 gram ₹ 52,200.00 ₹ 54,880.00 ₹ 2,680.00 ▼
10 gram ₹ 65,250.00 ₹ 68,600.00 ₹ 3,350.00 ▼
100 gram ₹ 652,500.00 ₹ 686,000.00 ₹ 33,500.00 ▼

Today 24 Carat Gold Price Per Gram in Hyderabad (INR)

Gram Today Yesterday Change
1 gram ₹ 6,952.00 ₹ 7,302.00 ₹ 350.00 ▼
8 gram ₹ 55,616.00 ₹ 58,416.00 ₹ 2,800.00 ▼
10 gram ₹ 69,520.00 ₹ 73,020.00 ₹ 3,500.00 ▼
100 gram ₹ 695,200.00 ₹ 730,200.00 ₹ 35,000.00 ▼

Gold Rate Weekly Comparison - 22K vs 24K

Gold Rate in Hyderabad for last 30 days(1 Gram)

Date 22K 24K
July 25, 2024 ₹ 6,525.00

(335.00)

₹ 6,952.00

(350.00)

July 24, 2024 ₹ 6,860.00

(0.00)

₹ 7,302.00

(0.00)

July 23, 2024 ₹ 6,860.00

(10.00)

₹ 7,302.00

(10.00)

July 22, 2024 ₹ 6,870.00

(0.00)

₹ 7,312.00

(0.00)

July 21, 2024 ₹ 6,870.00

(40.00)

₹ 7,312.00

(40.00)

July 20, 2024 ₹ 6,910.00

(30.00)

₹ 7,352.00

(30.00)

July 19, 2024 ₹ 6,940.00

(15.00)

₹ 7,382.00

(15.00)

July 18, 2024 ₹ 6,955.00

(0.00)

₹ 7,397.00

(0.00)

July 17, 2024 ₹ 6,955.00

(135.00)

₹ 7,397.00

(135.00)

July 16, 2024 ₹ 6,820.00

(20.00)

₹ 7,262.00

(20.00)

July 15, 2024 ₹ 6,840.00

(0.00)

₹ 7,282.00

(0.00)

July 14, 2024 ₹ 6,840.00

(20.00)

₹ 7,282.00

(20.00)

July 13, 2024 ₹ 6,860.00

(40.00)

₹ 7,302.00

(40.00)

July 12, 2024 ₹ 6,820.00

(25.00)

₹ 7,262.00

(25.00)

July 11, 2024 ₹ 6,795.00

(10.00)

₹ 7,237.00

(10.00)

July 10, 2024 ₹ 6,805.00

(30.00)

₹ 7,247.00

(30.00)

July 9, 2024 ₹ 6,835.00

(20.00)

₹ 7,277.00

(20.00)

July 8, 2024 ₹ 6,855.00

(0.00)

₹ 7,297.00

(0.00)

July 7, 2024 ₹ 6,855.00

(0.00)

₹ 7,297.00

(0.00)

July 6, 2024 ₹ 6,855.00

(60.00)

₹ 7,297.00

(60.00)

July 5, 2024 ₹ 6,795.00

(0.00)

₹ 7,237.00

(0.00)

July 4, 2024 ₹ 6,795.00

(65.00)

₹ 7,237.00

(65.00)

July 3, 2024 ₹ 6,730.00

(5.00)

₹ 7,172.00

(5.00)

July 2, 2024 ₹ 6,725.00

(5.00)

₹ 7,167.00

(5.00)

July 1, 2024 ₹ 6,720.00

(0.00)

₹ 7,162.00

(0.00)

June 30, 2024 ₹ 6,720.00

(19.00)

₹ 7,162.00

(19.00)

June 29, 2024 ₹ 6,701.00

(0.00)

₹ 7,143.00

(0.00)

June 28, 2024 ₹ 6,701.00

(6.00)

₹ 7,143.00

(6.00)

June 27, 2024 ₹ 6,695.00

(20.00)

₹ 7,137.00

(20.00)

June 26, 2024 ₹ 6,715.00

(20.00)

₹ 7,157.00

(20.00)

Historical Price of Gold Rate in Hyderabad

Gold Price Movement in June 2024

Gold Rates 22K 24K
1st June rate ₹ 67,450.00 ₹ 71,870.00
30th June rate ₹ 67,200.00 ₹ 71,620.00
Highest rate in June 2024 ₹ 68,750.00 ₹ 73,170.00
Lowest rate in June 2024 ₹ 66,650.00 ₹ 71,070.00
Over all performance Falling Falling
% Change -0.37% -0.35%

Gold Price Movement in May 2024

2023 Gold Rates in Hyderabad (10 Grams)

Months 22K 24K
December 2023 ₹57,980.00

(1300.00)

₹63,110.00

(1390.00)

November 2023 ₹56,680.00

(3050.00)

₹61,720.00

(3300.00)

October 2023 ₹53,630.00

(1700.00)

₹58,420.00

(1800.00)

September 2023 ₹55,330.00

(350.00)

₹60,220.00

(450.00)

August 2023 ₹55,680.00

(1250.00)

₹60,670.00

(1350.00)

July 2023 ₹54,430.00

(1550.00)

₹59,320.00

(1600.00)

June 2023 ₹55,980.00

(0.00)

₹60,920.00

(0.00)

May 2023 ₹55,980.00

(700.00)

₹60,920.00

(300.00)

April 2023 ₹55,280.00

(3400.00)

₹60,620.00

(3800.00)

March 2023 ₹51,880.00

(1650.00)

₹56,820.00

(1900.00)

February 2023 ₹53,530.00

(2350.00)

₹58,720.00

(3600.00)

January 2023 ₹51,180.00

(0.00) --

₹55,120.00

(0.00) --

2022 Gold Rates in Hyderabad (10 Grams)

Months 22K 24K
December 2022 ₹49,480.00

(2830.00)

₹53,320.00

(2850.00)

November 2022 ₹46,650.00

(50.00)

₹50,470.00

(0.00)

October 2022 ₹46,700.00

(150.00)

₹50,470.00

(150.00)

September 2022 ₹46,550.00

(600.00)

₹50,320.00

(780.00)

August 2022 ₹47,150.00

(0.00) --

₹51,100.00

(0.00) --

Similar to the other parts of India, gold rates in Hyderabad are constantly changing on a daily basis due to several influences. Currently, the price of 24-carat gold is ₹6952.00 in Hyderabad per 1 gram, and 22-carat gold is ₹6525.00 per 1 gram. These prices may differ depending on the dealer, the quantity, and the type of gold purchased, whether it is jewellery, coins, or gold bars.

How to Purchase Gold in Hyderabad?

Here are the primary ways to purchase gold in Hyderabad:

Jewellery Stores

Several jewellery showrooms like Tanishq, Kalyan Jewellers, PC Jeweller and many others are available in Hyderabad. Local jewellery shops are also famous for buying gold in Hyderabad.

Online Retailers

Most jewelries have also evolved to sell gold online, through which customers can buy gold from the comfort of their homes. It is as simple as visiting the websites such as CaratLane or BlueStone or even the websites of established jewellers where complete catalogues of jewellery products and assured and secure purchase methods are available.

Banks and NBFCs

Most banks and several NBFCs deal with gold coins and bars. These are ensured by purity and other qualities, but they come with a higher price due to packaging and other administrative costs.

Gold ETFs and Mutual Funds

You can own gold at Exchange Traded Funds (ETFs) and mutual funds as other options of investing in this asset without owning the physical item. These structured financial products align with the price of gold and they are traded through stock brokerages.

Factors that Impact Gold Rate in Hyderabad Today

Several factors influence the gold rate in Hyderabad:

International Gold Prices

These rates depend on the international market price of gold, which tends to show variation in the global economy, international relations, and currency value for Hyderabad gold prices.

Currency Exchange Rates

Since gold is traded internationally and priced in USD, the exchange rate between the USD and the Indian rupee or INR, has a significant influence on the measure.

Inflation

There is always a belief that gold is suitable for investment, especially against the backdrop of inflation. Inflation is among the main forces that lead to increased gold prices because the demand for this precious metal also goes up when inflation increases.

Government Policies

Government policies include export and import duties and taxes also impact the price of gold by leading to an increase in price. A high import duty also decreases the amount of gold demanded for consumption because it makes gold more costly.

Demand and Supply

The effect of movements in gold prices, consequently, depend on the seasonal demand during festivals and weddings as well as the supply from mining and recycling of old or unused items. A larger consumption rate is normally associated with festivities and thus prices are often high during festivities.

Interest Rates

Decrease in the interest rates also reduces the cost of borrowing hence raising the demand for gold for this purpose thus increasing the price of gold.

Best Gold Investment Strategies in Hyderabad

Here are some of the best strategies:

Diversification

This is mainly because gold has limitations and other investments should also be made to balance the portfolio. Check your investments so that they are spread across different categories like equity, fixed income securities, and property.

Regular Investments

The ideal approach that one can consider in purchasing gold is to make purchases continuously instead of making a one-time big purchase. This strategy is called Rupee Cost Averaging, which assists in avoiding the increase in price during a certain period.

Timing the Market

It can be rewarding if one monitors the market so that he or she can buy when the price is low. But this is achievable on condition that you carry out a good market analysis and comprehend economic indicators on the international level.

Gold ETFs and Sovereign Gold Bonds (SGBs)

These financial instruments offer a cost-effective way to invest in gold without the risks associated with physical storage. SGBs also provide interest income.

Holding Period

Consider your investment horizon. Gold is generally a long-term investment, and holding it for a longer period can help overcome short-term market fluctuations.

In Hyderabad, How is the Purity of Gold Evaluated?

Method Description Advantages Disadvantages
Hallmarking Certification by the Bureau of Indian Standards (BIS) that includes details such as BIS logo, purity in karats, assay centre's mark, and jeweller’s mark. Official and widely recognized; Reliable Relies on the integrity of the hallmarking process
Karat Meter An electronic device that uses X-ray fluorescence to measure gold purity. Instant results; Non-destructive Expensive equipment; Availability may be limited
Acid Test Involves scratching the gold on a stone and applying acid to observe the reaction Simple and low-cost Destructive; Less precise than modern techniques
XRF Spectrometer Uses X-Ray Fluorescence to analyse and measure the purity of gold accurately. Highly accurate; Non-destructive Very expensive equipment; Requires skilled operation
Touchstone Method A traditional method where gold is rubbed on a touchstone and tested with different acids. Simple and low-cost; Portable Destructive; Subjective and less precise

Wrapping Up

Whether you are buying gold for investment or personal use, understanding the current gold rates, purchase methods, factors influencing prices, investment strategies, and purity evaluation is essential. By being informed, you can make sound decisions and optimise your gold investments in Hyderabad.

Frequently Asked Questions (FAQs)

How often do gold prices change in Hyderabad?

Where can I buy gold in Hyderabad?

What factors affect gold prices in Hyderabad

What is BIS hallmarking?

How can I invest in gold without buying physical gold?

What is a karat metre?

Is buying gold online safe

How is gold purity traditionally tested?

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