• Gold Rate In Hyderabad Today

    Popular in Hyderabad, gold is bought for both investment purposes and as jewellery. Track gold prices in Hyderabad for 22 karat and 24 karat. Compare gold prices and get a detailed analysis of weekly and monthly trends across the gold market below.
    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    12 Dec 2018 ₹ 3,024 ₹ 24,192 ₹ 3,175 ₹ 25,400
    11 Dec 2018 ₹ 3,040 ₹ 24,320 ₹ 3,192 ₹ 25,536
    10 Dec 2018 ₹ 3,012 ₹ 24,096 ₹ 3,163 ₹ 25,304
    09 Dec 2018 ₹ 3,010 ₹ 24,080 ₹ 3,161 ₹ 25,288
    08 Dec 2018 ₹ 3,010 ₹ 24,080 ₹ 3,161 ₹ 25,288
    07 Dec 2018 ₹ 2,960 ₹ 23,680 ₹ 3,108 ₹ 24,864
    06 Dec 2018 ₹ 2,949 ₹ 23,592 ₹ 3,096 ₹ 24,768
    05 Dec 2018 ₹ 2,954 ₹ 23,632 ₹ 3,102 ₹ 24,816
    04 Dec 2018 ₹ 2,951 ₹ 23,608 ₹ 3,099 ₹ 24,792
    03 Dec 2018 ₹ 2,915 ₹ 23,320 ₹ 3,061 ₹ 24,488

    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Gold Price in Hyderabad

    Hyderabad is one of the most populated cities in India. This historic city is known for its affinity towards gold and gold products. Gold rates in Hyderabad are a direct consequence of global gold rates, which are affected by a wide range of factors such as global production, strength of currency, internal demand of the country, prices of other commodities such as oil, and so on.

    Gold in Hyderabad is generally sold as jewelries and related products. This is mainly for individual consumption for occasions such as marriages, festivals, and even as a form of investment strategy for both long and short terms. Returns from gold have ideally been assured and reliable, and this is a big reason why individuals in Hyderabad are preferring gold over other forms of investments such as bank deposits or equity markets.

    Hyderabad, the erstwhile Nizam stronghold and the land of the Biryanis, has a long and intimate history with gold. In this page we will cover a few basic details about gold aand Gold rate in Hyderabad.

    Trend of Gold Rate in Hyderabad for December 2018 (rates per gram of 24 karat gold)

    December 2018 - Week 1 (1 - 9):

    Parameters Gold price (per gram of 24 karat gold)
    December 1 Rate Rs.3,045 per gram
    December 9 Rate Rs.3,161 per gram
    Overall Weekly Performance Incline
    • The week began with gold trading at Rs.3,045 per gram before prices surged to Rs.3,061 per gram on 3 December on higher order volumes from local jewellers due to the wedding season.
    • A volatile dollar and falling stock markets increased investor interest in gold, as the metal traded at Rs.3,102 per gram on 5 December amid mounting concern over economic growth.
    • The surge in demand continued for the rest of the week, with gold rates in Hyderabad closing the week at Rs.3,161 per gram on 9 December to record a rise of Rs.116 on positive sentiment.

    Trend of Gold Rate in Hyderabad for November 2018 (rates per gram of 24 karat gold)

    November 2018 - Week 1 (1 - 4):

    Parameters Gold price (per gram of 24 karat gold)
    November 1 Rate Rs.3,184 per gram
    November 4 Rate Rs.3,191 per gram
    Overall Weekly Performance Incline
    • When the week began, gold rate in Hyderabad was recorded holding at Rs.3,184 per gram with subdued but steady local demand from jewellers and retailers amid poor trend overseas.
    • However, with investors and market participants remaining cautious ahead of the US payrolls data, prices rebounded to Rs.3,191 per gram on the 3rd.
    • Trading closed for the week with the yellow metal prices holding at Rs.3,191 per gram with steady global demand amid favourable market cues.

    November 2018 - Week 2 (5 - 11):

    Parameters Gold price (per gram of 24 karat gold)
    November 5 Rate Rs.3,179 per gram
    November 11 Rate Rs.3,134 per gram
    Overall Weekly Performance Decline
    • Trading opened for the week with gold in Hyderabad priced at Rs.3,179 per gram on the 5th with subdued domestic demand from local industries, jewellers and retailers amid weak global cues.
    • With domestic retailers and jewellers ramping up purchases ahead of Dhanteras, gold rates surged to Rs.3,187 per gram on the 6th.
    • Gold rates dropped to Rs.3,134 per gram towards the end of the week with demand suppressed by the Federal Reserve’s interest rate review.

    November 2018 - Week 3 (12 - 18):

    Parameters Gold price (per gram of 24 karat gold)
    November 12 Rate Rs.3,141 per gram
    November 18 Rate Rs.3,124 per gram
    Overall Weekly Performance Decline
    • Gold rate in Hyderabad were steady when the week began, trading at Rs.3,141 per gram on 12 November as local demand was steady.
    • In spite of festive season sales, the falling rupee capped gains and sales as the precious metal’s price dropped to Rs.3,096 per gram on 14 November.
    • Gold recovered marginally to trade at Rs.3,113 per gram on 15 November as markets fell ahead of Brexit final deal negotiations.
    • The Federal Reserve’s reiteration of its monetary tightening policy and market volatility led to a rise in demand for gold, though local retail sales were poor.
    • A fall in the dollar rate and increased investor interest in bullion saw gold prices rise to Rs.3,124 per gram when the week ended on 18 November.

    Trend of Gold Rate in Hyderabad for October 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    October 1 Rate Rs.3,071 per gram
    October 31 Rate Rs.3,188 per gram
    Highest Rate in October Rs.3,211 per gram on 15 October
    Lowest Rate in October Rs.3,071 per gram on 1 October
    Overall Monthly Performance Incline
    Percentage Change 3.80%
    Comparison for 24 K Gold Rates for Hyderabad oct-1 2018
    Graph for Gold Rate (24K) in Hyderabad oct-1 2018

    October 2018 - Week 1 (1 - 7):

    Parameters Gold price (per gram of 24 karat gold)
    October 1 Rate Rs.3,071 per gram
    October 7 Rate Rs.3,158 per gram
    Overall Weekly Performance Incline
    • Echoing trends seen across other Indian cities, gold prices in Hyderabad rose steadily over the course of the week.
    • Gold was priced at Rs.3,071 per gram on 1 October marking a slight drop in price from the previous week due to fluctuations in the dollar rate.
    • Prices recovered as markets were volatile ahead of the Federal Reserve meeting, as investors increased gold bond buying and taking the metal to Rs.3,129 per gram on 3 October.
    • Some minor fluctuations led to gold falling briefly to Rs.3,120 per gram on 5 October as markets strengthened following the interest rate hike and local demand dropped.
    • Prices recovered as the week ended, with gold trading at Rs.3,158 per gram on 7 October.

    October 2018 - Week 2 (8 - 14):

    Parameters Gold price (per gram of 24 karat gold)
    October 8 Rate Rs.3,130 per gram
    October 14 Rate Rs.3,176 per gram
    Overall Weekly Performance Incline
    • Gold stood at Rs.3,130 per gram in Hyderabad at the start of week 2. The dollar rose in value during this point causing the price of gold in the city to plummet for the following few days.
    • The city witnessed a surge in the gold price as favourable global conditions for the metal were recorded. The decline of the dollar too played a part in the rise of gold value in Hyderabad.
    • At the end of week 2, the gold price in Hyderabad recorded an inclining trend as it stood at Rs.3,176 per gram.

    October 2018 - Week 3 (15 - 21):

    Parameters Gold price (per gram of 24 karat gold)
    October 15 Rate Rs.3,185 per gram
    October 21 Rate Rs.3,189 per gram
    Overall Weekly Performance Incline
    • In line with trends seen across other Indian cities, gold prices rose during the week, though gains were capped because of a retreating rupee.
    • The yellow metal traded at Rs.3,185 per gram on 15 October, with prices rising on steady local and overseas demand.
    • Fears of the ongoing trade crisis affecting markets led to investors turning to gold, as the metal’s value rose to Rs.3,199 per gram on 16 October.
    • Prices fluctuated as the dollar rate improved, resulting in gold falling to Rs.3,173 per gram on 17 October.
    • The end of the week saw prices regularise, as gold rates in Hyderabad traded at Rs.3,189 per gram on 21 October.

    October 2018 - Week 4 (22 - 28):

    Parameters Gold price (per gram of 24 karat gold)
    October 22 Rate Rs.3,182 per gram
    October 28 Rate Rs.3,197 per gram
    Overall Weekly Performance Incline
    • Interest in gold was on the rise ahead of the festive season, with the precious metal opening the week at Rs.3,182 per gram.
    • Steady demand from industrial units as well as the retail sector kept prices steady in spite of the depreciating rupee, which made gold purchases more expensive.
    • Prices rose to Rs.3,200 per gram on 25 October as a stock market crash resulted in investors ramping up gold purchases.
    • A few fluctuations in the price were observed for the rest of the week before gold prices in Hyderabad settled at Rs.3,197 per gram on 28 October.

    October 2018 - Week 5 (29-31):

    Parameters Gold price (per gram of 24 karat gold)
    October 29 Rate Rs.3,194 per gram
    October 31 Rate Rs.3,188 per gram
    Overall Weekly Performance Decline
    • Demand for gold fell during the last week as fluctuating demand and a rising dollar reduces gains from gold sales.
    • Gold opened the week at Rs.3,194 per gram on 29 October, falling marginally on decreasing retail demand as consumers waited for prices to dip before making festive purchases.
    • Though demand was stable, the falling rupee eroded gains as gold slipped to Rs.3,191 per gram on 30 October as overseas trends also pointed to a fall in bullion sales.
    • Sanctions against Iran and uncertainty over midterm elections in the U.S. bolstered the dollar, as gold rates in Hyderabad fell to Rs.3,188 per gram on 31 October.

    Trend of Gold Rate in Hyderabad for September 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    September 1 Rate Rs.3,029 per gram
    September 30 Rate Rs.3,074 per gram
    Highest Rate in September Rs.3,098 per gram on 19 September
    Lowest Rate in September Rs.3,019 per gram on 3 September
    Overall Monthly Performance Incline
    Percentage Change 1.48%
    Comparison for 24 K Gold Rates for Hyderabad August 2018
    Graph for Gold Rate (24K) in Hyderabad August 2018

    September 2018 - Week 1 (1 - 8):

    Parameters Gold price (per gram of 24 karat gold)
    September 1 Rate Rs.3,029 per gram
    September 8 Rate Rs.3,065 per gram
    Overall Weekly Performance Incline
    • The price of gold in Hyderabad followed a trend seen across other Indian cities, with the precious metal opening at Rs.3,029 per gram.
    • Prices fell briefly to Rs.3,019 per gram on 3 September as the dollar rose on news of a rate hike by the Fed Reserve this month.
    • Gold price rebounded as investors, afraid of a possible trade war, turned to gold to hedge their bets as the metal rose to Rs.3,035 per gram on 5 September.
    • The rise in price continued as local jewellers increased orders ahead of the festive season and an increase in retail demand as well.
    • Prices jumped to Rs.3,060 per gram on 7 September and rose to Rs.3,065 per gram as the week ended on 8 September.

    September 2018 - Week 2 (9 - 14):

    Parameters Gold price (per gram of 24 karat gold)
    September 9 Rate Rs.3,065 per gram
    September 14 Rate Rs.3,064 per gram
    Overall Weekly Performance Decline
    • Unlike trends seen in other cities, gold prices in Hyderabad fell marginally during the week.
    • Gold opened trading at a steady Rs.3,065 per gram on 9 September as sustained demand from the previous week kept prices steady.
    • There were slight fluctuations in the price due to the fluctuating dollar rate, before gold prices shot up to Rs.3,080 per gram on 12 September.
    • Markets across the world were unsettled by deteriorating Sino-U.S. trade ties, as the dollar fell sharply and investors looked to gold as a stable commodity.
    • Prices fell as the week ended as supply outstripped demand, as gold traded at Rs.3,064 per gram on 14 September.

    September 2018 - Week 3 (15 - 22):

    Parameters Gold price (per gram of 24 karat gold)
    September 15 Rate Rs.3,066 per gram
    September 22 Rate Rs.3,077 per gram
    Overall Weekly Performance Incline
    • Similar to trends seen across other cities in India, gold prices were on the increase due to positive market trends and the falling dollar.
    • Gold opened the week priced at Rs.3,066 per gram on 15 September, as local demand rose in anticipation of the festive season.
    • Local industrial demand was on the rise which helped propel gold rates to Rs.3,079 per gram on 18 September.
    • The continued trade tensions between the United States and China led to strain across markets, which dragged dollar rates down during the middle of the week.
    • Prices rose to Rs.3,091 per gram on 19 September as the falling dollar rate resulted in increased interest in the metal.
    • A recovery by the dollar led to gold ending the week priced at Rs.3,077 per gram on 22 September as gold recorded a rise of Rs.11 during the week.

    September 2018 - Week 4 (23 - 30):

    Parameters Gold price (per gram of 24 karat gold)
    September 23 Rate Rs.3,077 per gram
    September 30 Rate Rs.3,074 per gram
    Overall Weekly Performance Decline
    • In trends seen across the country, there was a drop in demand for gold due to unfavourable cues and a falling rupee.
    • The precious metal was priced at Rs.3,077 per gram on 23 September, with no change in price from last week due to stable demand.
    • Increasing retail demand due to the festive season led to prices rising to Rs.3,090 per gram on 25 September, as overseas interest in gold also rose.
    • The fall in the dollar rate over fears of an escalating trade war affected demand, as gold fell to Rs.3,049 per gram on 28 September.
    • The raising of interest rates bolstered the dollar, though gold failed to recover from the steep fall in price and ended the month at Rs.3,074 per gram on 30 September.

    Trend of Gold Rate in Hyderabad for August 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    August 1 Rate Rs.2,983 per gram
    August 31 Rate Rs.3,039 per gram
    Highest Rate in August Rs.3,039 per gram on 31 August
    Lowest Rate in August Rs.2,800 per gram on 16 August
    Overall Monthly Performance Incline
    Percentage Change 1.87%
    Comparison for 24 K Gold Rates for Hyderabad July 2018
    Graph for Gold Rate (24K) in Hyderabad July 2018

    August 2018 - Week 1 (1 - 5):

    Parameters Gold price (per gram of 24 karat gold)
    August 1 Rate Rs.2,983 per gram
    August 5 Rate Rs.2,973 per gram
    Overall Weekly Performance Decline
    • The first week of August saw gold prices in Hyderabad fall steadily due to poor demand, with the metal opening the week at Rs.2,983 per gram.
    • Apprehensions over a trade war due to escalating trade tensions with China did not affect the U.S. dollar or markets, as interest in gold waned.
    • Prices dropped to Rs.2,956 per gram on 3 August as markets reacted positively to the Fed Reserve’s assessment of the U.S. economy.
    • Less than favourable U.S. jobs data led to markets falling, as gold recovered to end the week at Rs.2,973 per gram on 5 August.

    August 2018 - Week 2 (6 - 12):

    Parameters Gold price (per gram of 24 karat gold)
    August 6 Rate Rs.2,967 per gram
    August 12 Rate Rs.2,984 per gram
    Overall Weekly Performance Incline
    • Gold prices in Hyderabad increased in demand during the second week of August as the dollar stabilised during this time.
    • The gold rate in Hyderabad stood at Rs.2,967 per gram on 6 August, as the dollar weakened during this period.
    • The dollar then increased to a 13 month high on 10 August  which had an effect on the gold rates in Hyderabad.
    • Gold rate in Hyderabad then shot up to Rs.2,984 per gram on 12 August. During this time, European banks were exposed to Turkey, which in turn led to the strengthening of the dollar.
    • The week ended with an incline trend in Gold rates in Hyderabad. At the end of the week ending 12 August, gold rate in Hyderabad stood at Rs.2,984 per gram.

    August 2018 - Week 3 (13 - 19):

    Parameters Gold price (per gram of 24 karat gold)
    August 13 Rate Rs.2,985 per gram
    August 19 Rate Rs.2,952 per gram
    Overall Weekly Performance Decline
    • The gold price in Hyderabad during the third week of August was on the decline as dollar rates hit a near 13-month high.
    • On 13 August, the gold price in Hyderabad stood at Rs.2,985 per gram. During the same period, the dollar value was on a rise.
    • The gold price then stabilised for a few days after which it declined marginally towards the end of the week.
    • At the end of Week 3, the gold rate in Hyderabad declined in comparison to the former part of the week. The price of the metal on 19 August stood at Rs.2,952 per gram. This was during the same period when US - China trade talks were in place.
    • Week 3 ended with the metal priced at Rs.2,952 per gram, and showed a declining trend for the week ending 19 August.

    August 2018 - Week 4 (20 - 26):

    Parameters Gold price (per gram of 24 karat gold)
    August 20 Rate Rs.2,952 per gram
    August 26 Rate Rs.3,004 per gram
    Overall Weekly Performance Incline
    • Gold in Hyderabad was recorded trading at Rs.2,952 per gram on the 20th when the week began with steady local demand amid favourable market cues overseas.
    • Thanks to an increase in investor demand brought about by the losing dollar, gold rate in Hyderabad surged to Rs.2,974 per gram on the 22nd.
    • On the 24th, gold price in Hyderabad was recorded holding at a relatively lower level at Rs.2,968 per gram after the US dollar regained lost ground amid speculations on the US Federal Reserve’s decision to raise its interest rates.
    • Trading concluded for the week with the gold rate in Hyderabad closing at Rs.3,004 per gram on account of an increased investor demand ahead of the Fed Reserve Chairman’s speech on the direction of the monetary policy review.

    August 2018 Week 5 (27 - 31):

    Parameters Gold price (per gram of 24 karat gold)
    August 27 Rate Rs.2,999 per gram
    August 31 Rate Rs.3,039 per gram
    Overall Weekly Performance Incline
    • Gold prices in Hyderabad were stable as the last week began before positive market trends led to sustained increases in price.
    • The yellow metal was priced at Rs.2,999 per gram on 27 August as prices did not change from the previous week.
    • Demand began to rise as the dollar suffered setbacks after the Federal Reserve announced a slower pace of interest rate hikes.
    • Gold prices rose to Rs.3,012 per gram on 29 August as Asian demand for gold picked up after the dollar rate fell.
    • Local demand was bolstered by cheaper import rates, as gold prices climbed to Rs.3,026 per gram on 30 August.
    • The end of the month saw gold trade at Rs.3,039 per gram on 31 August on rising retail demand.

    Trend of Gold Rate in Hyderabad for July 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    July 1 Rate Rs.3,059 per gram
    July 31 Rate Rs.2,986 per gram
    Highest Rate in July Rs.3,070 per gram on 7 July
    Lowest Rate in July Rs.2,986 per gram on 18 & 31 July
    Overall Monthly Performance Decline
    Percentage Change -2.38%
    Comparison for 24 K Gold Rates for Hyderabad June 2018
    Graph for Gold Rate (24K) in Hyderabad June 2018

    July 2018 - Week 1 (1 - 7):

    Parameters Gold price (per gram of 24 karat gold)
    July 1 Rate Rs.3,059 per gram
    July 7 Rate Rs.3,070 per gram
    Overall Weekly Performance Incline
    • The Nizam city of Hyderabad saw gold trade at Rs.3,059 per gram on the 1st of July.
    • A rising dollar caused trends to drop and gold rate in Hyderabad fell to Rs.3,047 per gram on the 2nd of July, before further dropping to Rs.3,040 per gram on the 3rd as cues weakened further.
    • On the 4th, gold demand in the city surged after news arrived that stock markets are crashing after the latest US-China trade stand-off reached a tipping point. The metal sold at Rs.3,062 per gram on the day - as Rs.22 increase in 24 hours.
    • Demand was on the rise over the remaining few days as the dollar continued to drop after strong gains over the initial few days of the week.
    • The 5th saw gold trade at Rs.3,067 per gram after investors exercised caution while awaiting the latest Fed meeting.
    • On the 6th, rates went up to Rs.3,071 per gram before dropping slightly to Rs.3,070 per gram as demand slowed down as cues seemed to dry up.

    July 2018 - Week 2 (8 - 14):

    Parameters Gold price (per gram of 24 karat gold)
    July 8 Rate Rs.3,070 per gram
    July 14 Rate Rs.3,029 per gram
    Overall Weekly Performance Decline
    • Trading opened for the week in Hyderabad with gold priced at Rs.3,070 per gram on the 8th with steady global demand for the metal amid the losing US dollar index and equities market.
    • Weak dollar performances coupled with poor returns on the US stocks led to investors banking on the bullion over the next few days.
    • Gold prices were recorded trading at Rs.3,070 per gram until the 10th with steady global demand amid favourable market cues.
    • However, with the US dollar regaining lost ground from near three-week lows, prices dropped to Rs.3,054 per gram on the 11th.
    • Poor global trends coupled with subdued local demand from industries, retailers and jewellers led to gold rates dropping further to Rs.3,036 per gram on the 12th.
    • The 13th saw rates plummeting to Rs.3,028 per gram as market participants believed in the greenback with the US intimidating the Chinese by threatening to impose additional import tariffs on the goods.
    • Today gold rate in Hyderabad was recorded holding slightly higher at Rs.3,029 per gram owing to subdued but steady local demand amid the poor trend overseas.

    July 2018 - Week 3 (15 - 22):

    Parameters Gold price (per gram of 24 karat gold)
    July 15 Rate Rs.3,029 per gram
    July 22 Rate Rs.3,018 per gram
    Overall Weekly Performance Decline
    • Gold was priced Rs.3,029 per gram when trading started for the third week of July in Hyderabad.
    • The US dollar on bouncing back due to a strong market, but gold rates steadies on the 16th to trade at Rs.3,029 per gram for much of the day.
    • On the 17th, gold rate in Hyderabad went down to Rs.3,021 per gram as the latest Federal Reserve meeting showed imminent signs of an interest rate hike.
    • Gold rates fell to Rs.2,991 per gram on the 18th before rising slightly to Rs.2,997 per gram the next day due to a falling dollar.
    • The 20th saw gold trade at Rs.2,997 per gram after the US President Donald Trump slammed the US dollar and the Fed rate hikes, which led to the dollar losing what it had gained.
    • Gold price in Hyderabad went up to Rs.3,018 per gram on the 21st as the dollar dropped after the statement, and gold demand surged due to this.
    • The week ended with gold prices still holding at Rs.3,018 per gram when closing time arrived.

    July 2018 Week 4 (22 - 31):

    Parameters Gold price (per gram of 24 karat gold)
    July 22 Rate Rs.3,018 per gram
    July 31 Rate Rs.2,986 per gram
    Overall Weekly Performance Decline
    • Trading in Hyderabad opened with gold priced at Rs.3,018 per gram in the fourth week, with local demand sluggish due to the high dollar rate.
    • Prices fell further over the course of the week, as the dollar strengthened on positive economic growth, as gold fell to Rs.3,001 per gram on 25 July.
    • The trade talks between the U.S. and the European Union staved off fears of a global trade war, though tensions with China sent the dollar tumbling as gold rose to Rs.3,009 per gram on 26 July.
    • Gold failed to capitalise on this gain as industrial demand from Asia fell sharply, in spite of the dollar rate falling due to geopolitical tensions in the U.S.
    • The month ended with gold priced at Rs.2,986 per gram as investors looked to equities over bullion.

    Trend of Gold Rate in Hyderabad for June 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    June 1 Rate Rs.3,100 per gram
    June 30 Rate Rs.3,059 per gram
    Highest Rate in June Rs.3,127 per gram on 15 June
    Lowest Rate in June Rs.3,054 per gram on 24 June
    Overall Monthly Performance Decline
    Percentage Change -1.32%
    Comparison for 24 K Gold Rates for Hyderabad May 2018
    Graph for Gold Rate (24K) in Hyderabad May 2018

    June 2018 - Week 1 (1st - 10th)

    • When trading commenced for the week in Telangana’s capital, Hyderabad, gold opened on a strong note of Rs.3,100 per gram.
    • This dropped to Rs.3,089 per gram the next day as bullion demand took a tumble after the latest US jobs data was announced.
    • With reports suggesting the Federal Reserve would increase the interest rates, gold rates took a hit even more.
    • On the 4th, gold rate in Hyderabad went down to Rs.3,081 per gram as demand was plummeting.
    • However, a brief improvement was recorded on the 5th and the metal traded at Rs.3,084 per gram as demand from domestic investors improved.
    • This went up to Rs.3,088 per gram on the 6th as demand rose steadily. The latest G7 summit was fast approaching and with it the disagreements between the participating nations came to the care.
    • Markets tanked as a result on the 8th and gold price in Hyderabad rose to Rs.3,103 per gram before continuing at this rate on the next day as well.
    • After US President Donald Trump targeted Canadian Prime Minister Justin Trudeau and other G7 head of states for “wrong trade practices”, gold rates surged further to Rs.3,119 per gram.
    • The week drew to a close with gold trading at Rs.3,119 per gram as gold prices held steady as markets began to grapple for control.

    June 2018- Week 2 (11th-17th)

    • Gold opened the week priced at Rs.3,119 per gram in Hyderabad, as gold rates remained unchanged over the weekend.
    • Local demand was steady but declining interest in the metal overseas led to a drop in gold’s overall value.
    • Prices were on the decline as investors put their confidence in the dollar ahead of the summit between North Korea’s Kim and the U.S.’s Donald Trump.
    • Gold price in Hyderabad dropped to Rs.3,110 per gram on 14 June as prices continued to slide on lower demand, as industrial units also reduced offtake.
    • Asian shares fell on profit-taking as fears of a trade war between the United States and China led to higher demand for the yellow metal.
    • Gold rate in Hyderabad rose to Rs.3,127 per gram on 15 June but the rise in price was short-lived as overall demand for the metal fell.
    • The week drew to a close with gold priced at Rs.3,095 per gram on 17 June, as a resurgent dollar led to lower demand for bullion.

    June 2018 - Week 3 (18th - 24th)

    • In Hyderabad, trading opened for the week with gold priced at Rs.3,087 per gram on the 18th as safe-haven demand for the bullion dropped significantly from the last week amid the strengthening US dollar.
    • Prices rose to Rs.3,098 per gram on the 19th as demand picked up at the global level after the US dollar dropped against other apex currencies.
    • However, with the greenback regaining lost ground and the dollar index hovering near eleven-month high figures, investor demand plummeted the next days. This led to gold prices dropping to Rs.3,081 per gram on the 20th.
    • Strong dollar performances coupled with good returns on equity markets led to the yellow metal rates plunging over the next couple of days.
    • On the 21st, gold was recorded trading at Rs.3,066 per gram before declining to Rs.3,060 per gram on the 22nd amid the poor trend overseas.
    • The 23rd saw gold rates in Hyderabad picking up to Rs.3,069 per gram, thanks to an increase in demand from local industries and jewellers.
    • The week came to an end with the precious metal remaining unchanged at Rs.3.069 per gram on the 24th with steady domestic demand amid the firm overseas trend.

    June 2018 - Week 4 (25th - 30th)

    • When trading for this week began in Hyderabad, gold was priced at Rs.3,070 per gram, before seeing consistent changes over the course of the week.
    • On the 26th, the yellow metal was priced at Rs.3,068 per gram as demand dropped ahead of a strong US dollar.
    • The 27th saw gold prices drop to Rs.3,061 per gram after concerns regarding a US Fed rate hike pushed demand down globally, which in turn caused demand to fall in Indian cities.
    • A rise of Rs.12 was recorded on the 28th and the metal traded at Rs.3,073 per gram as local demand surged as the US dollar weakened for a brief period.
    • During the 29th, gold rates dropped to Rs.3,054 per gram after the US dollar bounced back and demand flatlined.
    • The last day of June week 4 ended with gold prices holding at Rs.3,059 per gram - a Rs.5 incline from the previous day’s rates.

    Trend of Gold Rate in Hyderabad for May 2018 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    May 1 Rate Rs.3,114 per gram
    May 31 Rate Rs.3,122 per gram
    Highest Rate in May Rs.3,213 per gram on 15 May
    Lowest Rate in May Rs.3,103 per gram on 3 May
    Overall Monthly Performance Incline
    Percentage Change 0.25%
    Comparison for 24 K Gold Rates for Hyderabad April 2018
    Graph for Gold Rate (24K) in Hyderabad April 2018

    May 2018 - Week 1 (1st - 6th)

    • Trading commenced in Hyderabad with gold priced at Rs.3,114 per gram on the 1st as the US dollar hovered near to its three-and-half-month high from the previous session.
    • With investors and traders speculating ahead of the central bank monetary policy meeting, the US dollar strengthened. This led to gold prices declining over the next few days.
    • The precious metal prices were recorded holding at Rs.3,103 per gram on the 3rd with gold plummeting to near four-month lows in the international bullion market.
    • The dollar, however, lost against other apex currencies following dovish remarks by the US Fed Reserve to gradually increase interest rates as expected. This led to gold rates in Hyderabad rising towards the end of the week.
    • When trading concluded for the week, the yellow metal was recorded trading at Rs.3,136 per gram on the 6th amid the weakened US dollar and poorly-performing equity markets.

    May 2018 - Week 2 (7th - 13th)

    • In the Telangana capital city, gold opened at Rs.3,136 per gram when the second week of May began.
    • On the 8th, prices in Hyderabad, prices dropped to Rs.3,134 per gram as a steady rise in the US dollar and the treasury yields curbed gold demand.
    • The 9th saw gold rates rise to Rs.3,134 per gram as demand was almost flat with there being little stimuli for growth.
    • Inflation data, which was released on the 10th provided the much needed stimuli for bullion investors. The data turned out to be weaker than expected, which caused gold rates to rise to Rs.3,142 per gram on the day.
    • The next few days continued on in this vein and investors made the most of the US dollar’s fall.
    • Gold traded at Rs.3,145 per gram on the 11th before closing at Rs.3,154 per gram as the day ended.
    • The 12th recorded a significant rise as well, with the metal trading at Rs.3,166 per gram amidst, owing to a struggling dollar.
    • When the week ended, gold was still seen trading at Rs.3,166 per gram as demand flattened after hitting the previous day’s high.

    May 2018 - Week 3 (14th - 20th)

    • Gold trading began for the week with the precious metal trading at Rs.3,147 per gram on the 14th with steady demand from local jewellers and retailers on account of the weakened dollar and poorly-performing equity markets.
    • With the dollar plunging to its lowest level in a week, gold rates surged to Rs.3,213 per gram on the 15th at the domestic level.
    • However, with the dollar index gaining against a basket of other currencies, the greenback rebounded. This led to gold rates in Hyderabad plunging to Rs.3,120 per gram on the 16th.
    • Poor domestic demand brought about by the strengthened US dollar and rising equities resulted in gold prices dropping to Rs.3,105 per gram on the 17th.
    • Rates remained unchanged at Rs.3,105 per gram the next day amid the poor trend overseas.
    • The week came to an end with the yellow metal trading relatively higher at Rs.3,124 per gram on the 20th following an incline in safe haven demand amid deteriorating US-Italian political relations on the global front.

    May 2018 - Week 4 (21st - 27th)

    • In Telangana’s capital, Hyderabad, gold was priced at Rs.3,113 per gram on the 21st - a Rs.11 decrease compared to the previous day.
    • On the 22nd, gold demand was subdued, but as local demand was steady, the metal traded at Rs.3,113 per gram.
    • The 23rd saw gold rates rise to Rs.3,125 per gram - Rs.12 increase - as the US dollar weakened and stock markets slipped as the Fed Reserve kept interest rates unchanged.
    • The next two saw gold rates incline, first to Rs.3,137 per gram and then to Rs.3,146 per gram on the 24th and the 25th, respectively.
    • As the dollar strengthened, gold rates dropped to Rs.3,133 per gram on the 26th of the month before continuing at this rate on the final day of this week.

    May 2018 - Week 5 (28th - 31st)

    • Trading commenced for the week with gold prices in Hyderabad opening at Rs.3,106 per gram on the 28th as the dollar edged higher amid revived hopes on the US-North Korean summit.
    • The 29th saw rates remaining untouched at Rs.3,106 per gram with subdued but steady demand from local retailers and jewellers amid the poor trend overseas.
    • However, the bullion gained over the next couple of weeks with the US greenback tumbling amid the rising political uncertainties in Italy and gold was priced at Rs.3,122 per gram on the 30th and the 31st.
    • The month saw gold rates in Hyderabad rising by 0.25% due to the firm overseas trends that improved demand at the domestic front.

    Trend of Gold Rate in Hyderabad for April 2018 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    April 1 Rate Rs.3,072 per gram
    April 30 Rate Rs.3,123 per gram
    Highest Rate in April Rs.3,153 per gram on 19 April
    Lowest Rate in April Rs.3,064 per gram on 6 April
    Overall Monthly Performance Incline
    Percentage Change 1.66%
    Comparison for 24 K Gold Rates for Hyderabad March 2018
    Graph for Gold Rate (24K) in Hyderabad March 2018

    April 2018- Week 1 (1st-7th)

    • Echoing trends seen across other Indian cities, gold rates in Hyderabad started off strong and rose towards the middle of the week before seeing a minor dip.
    • The yellow metal traded at a stable Rs.3,072 per gram on 1 April as demand from industry bolstered demand.
    • With markets apprehensive of a trade war between the United States and China, investors sought out gold as a hedge against losses on the stock markets.
    • Gold price in Hyderabad surged to Rs.3,091 per gram on 3 April on consistent demand from overseas, which encouraged local industry to increase orders.
    • Gold rate in Hyderabad peaked at Rs.3,100 per gram on 4 April amidst a renewing of rhetoric between China and the U.S., though retail demand declined due to the high cost of local gold.
    • Equity markets calmed after reassurances by the U.S. government on tensions with China, and this resulted in the Dollar rising and gold prices falling to Rs.3,066 per gram on 5 April.
    • Demand for gold improved as markets fell following the renewal of trade tensions with China as the week drew to a close, resulting in gold prices rising to Rs.3,075 per gram on 7 April.

    April 2018- Week 2 (8th -15th)

    • Gold was seen trading at Rs.3,075 per gram when the second week of April began on the 8th.. Rates in Hyderabad were the same on the 9th as well because demand for the metal stable in most Asian markets.
    • Gold prices seemed to dwindle on the 9th as a possible trade war between China and the US began to take hold. The yellow metal traded at Rs.3,073 per gram on this day.
    • Domestic demand surged up on the 11th and the metal traded at Rs.3,099 per gram before rising again to Rs.3,129 per gram on the 12th.
    • However, the 13th saw gold prices decline as the Federal Reserve’s anticipated interest rate hike pushed global bullion demand down. This consequently pushed rates down to Rs.3,106 per gram on this day.
    • On the 14th, gold prices in Hyderabad moved up to Rs.3,119 per gram before rising to Rs.3,142 per gram on the 15th as reports confirmed a joint attack on Syria by allied US and European forces. This caused markets to plummet and gold prices to rise as a result.

    April 2018 - Week 3 (16th - 22nd)

    • The week began in Hyderabad with the yellow metal trading at Rs.3,124 per gram on the 16th as the US dollar weakened with world markets mulled over the US-led missile strike on Syria.
    • Gold rate in Hyderabad surged to Rs.3,129 per gram on the 17th after the US dollar index lost against a basket of currencies with the greenback plummeting to its lowest level in three weeks.
    • The 18th, however, saw gold rates in Hyderabad rising to Rs.3,142 per gram with investors and traders capitalising on the bullion despite the easing global tensions.
    • Prices rose for the fourth consecutive session to Rs.3,153 per gram the next day with safe-have demand on the rise amid inflationary concerns following a strong rally by base metals.
    • On the 20th, gold prices dropped to Rs.3,146 per gram as demand stabilised with global political tensions easing down in world markets.
    • Though prices remained untouched at Rs.3,146 per gram on the 21st, an increase in demand brought about by the local wedding season led to bullion rates surging to Rs.3,151 per gram on the 22nd.

    April 2018 - Week 4 (23 - 30):

    • When the last week of April opened for trading, gold was priced at Rs.3,140 per gram.
    • The 24th saw gold prices rise to Rs.3,146 per gram as investor demand went up amid increased buying from local jewellers and other concerned parties.
    • Gold continued to trade at Rs.3,140 per gram on the 24th of April before rising to Rs.3,146 per gram the next day as demand went up.
    • On the 26th, gold prices in Hyderabad went down slightly to Rs.3,144 per gram but declined further on the 27th to trade at Rs.3,129 per gram.
    • During the 28th, gold prices rose to Rs.3,140 per gram which then fell to Rs.3,123 per gram on the 29th penultimate day of the week and month.
    • As demand seemed to decline, gold rates went down to Rs.3,114 per gram on the final day of this week and month.

    Trend of Gold Rate in Hyderabad for March 2018 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold Rate on 1st March 2018 Rs.3,043 per gram
    Gold Rate on 31st March 2018 Rs.3,072 per gram
    Highest Rate in March Rs.3,105 per gram on 24 and 25 March
    Lowest Rate in March Rs.3,030 per gram on 19 March
    Overall Monthly Performance Incline
    Percentage Change 0.95%
    Comparison for 24 K Gold Rates for Hyderabad February 2018
    Graph for Gold Rate (24K) in Hyderabad February 2018

    March 2018 - Week 1 (1 - 5):

    • The yellow metal was priced at Rs.3,043 per gram on 1 March in Hyderabad as demand for gold was more or less steady.
    • Gold price in Hyderabad rose to Rs.3,049 per gram on 2 March as a dip in the dollar rate led to an increase in orders from Asia.
    • The shock announcement of impending import tariffs on aluminium and steel sparked fears of a trade war, which sent markets crashing across the world.
    • Gold capitalised on the market chaos as demand for bullion increased, with the metal priced at Rs.3,068 per gram on 3 & 4 March.
    • A minor dip in price was recorded as the week came to an end, with gold trading at Rs.2,918 per gram on 5 March.

    March 2018 - Week 2 (5-11):

    • The second week of March began in Hyderabad with gold trading at Rs.3,064 per gram.
    • Gold rates dropped to Rs.3,054 per gram the next day as the local market was slow to react to the strong demand scenario witnessed globally.
    • On the 7th, gold rates in Hyderabad surged up to Rs.3,074 per gram due to an imminent trade war between the US and major European countries.
    • The 8th saw gold rates drop to Rs.3,061 per gram as investor remained cautious while waiting for wage data to arrive.
    • During the 10th, prices went back up to Rs.3,067 per gram as the US dollar fell due to poor wage gains. Gold continued at the same rate on the 11th as well, gold rates continued to hold at Rs.3,067 per gram amid stable demand.

    March 2018 - Week 3 (12 - 18):

    • In Hyderabad, the week began with the yellow metal priced relatively lower at Rs.3,057 per gram on the 12th after the US dollar strengthened with the US payrolls and jobs data reported an increase in the number of jobs included in the nation’s economy.
    • Prices dipped to Rs.3,047 per gram the next day after the greenback remained steady with markets eyeing on the US consumer price data for ideas on the pace of Fed rate hikes and other inflation concerns.
    • However, the dollar lost its sheen after the US Secretary of State was abruptly fired by the President. This led to gold price in Hyderabad rising to Rs.3,062 per gram on the 14th.
    • With investors and traders remaining cautious ahead of the US Federal Reserve monetary policy meeting next week, demand for the metal declined. This led to the metal being priced at Rs.3,056 per gram on the 15th.
    • The 16th saw gold rates declining further to Rs.3,037 per gram tracking a strong dollar index and firmer equities in the international market.
    • However, an increase in domestic demand from local jewellers, retailers and industries amid a firm trend overseas led to prices rising marginally to Rs.3,040 per gram on the 18th.
    • Steady local demand coupled with positive global cues resulted in the week concluding with gold rates in Hyderabad holding at Rs.3,040 per gram during the closing hours.

    March 2018 - Week 4 (19 - 25):

    • Gold rates in Hyderabad reflected trends across other major Indian cities, with a steady rise in the price of gold observed.
    • The week began with gold priced at Rs.3,030 per gram on 19 March, with prices rising on the back of positive market cues as well as strong demand from local jewellers.
    • Prices fluctuated briefly as international demand rose due to a steady drop in the dollar rate, though local demand dipped due to fewer orders from industrial units.
    • There was a minor dip in the international price of gold as the dollar recovered ahead of the Fed meeting on monetary policy, though local demand helped keep prices from fluctuating too wildly.
    • Steady demand led to prices rising throughout the week, with gold trading at Rs.3,081 per gram on 24 March, in spite of investors turning away from bullion buys due to steady markets.
    • Gold price in Hyderabad jumped to Rs.3,105 per gram on 24 March as the implementation of tariffs on steel and aluminium led to fears of a trade war, prompting investors to invest in safe-haven assets like gold.
    • There was no change in price as the week ended on 25 March, with gold trading at Rs.3,015 per gram.

    March 2018 - Week 5 (26 - 31):

    • Trading opened in Hyderabad with the bullion priced at Rs.3,095 per gram on the 26th with the US greenback and equities strengthening after negotiations with China eased down concerns of a possible trade war.
    • The dollar, however, lost ground with tensions rising between the US and Russia and gold was recorded trading at Rs.3,098 per gram on the 27th.
    • With the dollar index dominating against other apex currencies amid firm equities, demand for the metal plunged. This led to gold rates in Hyderabad dropping to Rs.3,084 per gram on the 28th.
    • The 29th saw rates plummeting further to Rs.3,067 per gram amid the strengthening US dollar and equities in the international market.
    • With the dollar rates remaining steady from the previous session, gold price in Hyderabad dropped to Rs.3,066 per gram on the 30th.
    • Trading concluded for the month with the precious metal prices holding at Rs.3,072 per gram on the 31st and Hyderabad registering an incline of 0.95% in gold rates during the course of the month.

    Trend of Gold Rate in Hyderabad for February 2018 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold rate on 1st February 2018 Rs.3,077 per gram
    Gold rate on 28th February 2018 Rs.3,129 per gram
    Highest Rate in February Rs.3,161 per gram on 17 and 18 February
    Lowest Rate in February Rs.3,035 per gram on 9 February
    Overall Monthly Performance Incline
    Percentage Change 1.68%
    Comparison for 24 K Gold Rates for Hyderabad January 2018
    Graph for Gold Rate (24K) in Hyderabad January 2018

    February 2018 - Week 1 (1st - 4th)

    • Gold trade opened in Hyderabad with the yellow metal priced relatively lower at Rs.3,040 per gram on the 1st after the US dollar began recovering from previous month’s losses following the two-day monetary policy meeting by the US Federal Reserve.
    • On the 2nd, gold rate in Hyderabad surged to Rs.3,071 per gram due to a rise in domestic demand amid a positive trend overseas.
    • The release of the US employment data proved to have a negative impact on the commodity markets during the week. This led to gold price in Hyderabad declining to Rs.3,050 per gram on the 3rd.
    • When trading concluded for the week, the bullion prices were recorded holding steady at Rs.3,050 per gram on the 4th with steady local demand for the metal.

    February 2018 - Week 2 (5th -11th)

    • In the Nizam city of Hyderabad, gold started trading at Rs.3,035 per gram on the 5th of February.
    • This rose to Rs.3,071 per gram - by Rs.36 - as a massive equity sell-off worldwide spurred safe-haven demand.
    • However, the sharp demand from previous day dropped and gold price in Hyderabad went down to Rs.3,031 per gram. This was because the US dollar bounced back against a basket of other currencies.
    • The 8th saw gold rate in Hyderabad fall again - this time to Rs.3,003 per gram - as demand took a hit as the dollar continued on its resurgent path.
    • With domestic demand rising, particularly from jewellers, gold rates went up to Rs.3,018 per gram on the 9th.
    • Demand increased on the 10th and the metal traded at Rs.3,023 per gram on the 10th of February. This continued on till the closing hours of the week as demand remained steady.

    February 2018 - Week 3 (12th - 18th)

    • Trading opened in Hyderabad with the bullion priced at Rs.3,025 per gram on the 12th with markets awaiting release of the US inflation data later during the week.
    • The 13th saw gold price in Hyderabad rising to Rs.3,030 per gram with the US greenback losing ground ahead of the inflation data and traders expecting clues on the interest rate hike from the data.
    • On the 14th, the bullion trade witnessed rates hitting one-week highs at Rs.3,103 per gram with the US dollar losing against other apex currencies before the inflation data release.
    • However, the stronger than expected inflation data resulted in the US dollar recovering from the previous day’s losses. The precious metal was recorded trading at Rs.3,071 per gram on the 15th.
    • With investors and stockists being attracted to the bullion to hedge against the inflation, demand for the metal surged significantly. This led to gold rate in Hyderabad rising to Rs.3,074 per gram on the 16th before surging further to Rs.3,096 per gram the next day amid strong global cues.
    • The week concluded with the yellow metal prices holding steady at Rs.3,096 per gram on the 17th owing to steady demand amid the positive overseas trends.

    February 2018 - Week 4 (19th - 25th)

    • When the fourth week of February began on the 19th, gold was priced at Rs.3,083 per gram
    • However, gold rates were primed for some declines this week as the US dollar pushed back against other apex currencies after week of underperformance.
    • On the 20th, gold rate in Hyderabad fell to Rs.3,068 per gram as the dollar surged and posted a significant growth.
    • As the dollar continued to gain, gold price in Hyderabad dropped to Rs.3,057 per gram on the 21st of February.
    • The yellow metal’s rates fell for the third consecutive day and a Rs.4 decline was recorded on the 22nd, bringing gold prices effectively down to Rs.3,054 per gram.
    • However, local demand was boosted by a number of factors on the 23rd and the metal’s rates surged to Rs.3,060 per gram on this day.
    • As domestic demand remained strong amid a well-performing dollar, gold rates in Hyderabad surged to Rs.3,067 per gram on the 24th of February.

    February 2018 - Week 5 (26th - 28th)

    • The final week began in Delhi with the bullion priced at Rs.3,124 per gram on the 26th following a steady demand from local jeweller, retailers and industries.
    • On the 27th, gold rate in Delhi rose to Rs.3,134 per gram with investors awaiting Fed Chairman Jerome Powell’s first congressional speech to the nation.
    • The month came to an end with gold prices plunging to Rs.3,129 per gram on the 28th after the US dollar rose against a basket of other emerging currencies in the global trade.
    • Gold price in Delhi rose by 1.68% owing to the strong trends overseas that pushed demand higher for the metal during the month.

    Trend of Gold Rate in Hyderabad for January 2018 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold Rate on 1st January 2018 Rs.3,005 per gram
    Gold Rate on 31st January 2018 Rs.3,045 per gram
    Highest Rate in January Rs.3,086 per gram on 16 January
    Lowest Rate in January Rs.3,000 per gram on 4 January
    Overall Monthly Performance Incline
    Percentage Change 1.33%
    Comparison for 24 K Gold Rates for Hyderabad December 2017
    Graph for Gold Rate (24K) in Hyderabad December 2017

    January 2018 - Week 1 (1st - 7th)

    • Gold opened at a relatively weak note in Hyderabad for the new year. On the 1st of January, gold was priced at Rs.3,005 per gram.
    • As the international market showed some positive changes, gold rate in Hyderabad went up slightly to Rs.3,008 per gram on the 2nd and then to Rs.3,014 per gram the next day.
    • However, a surge in dollar rates and the subsequent announcement of the latest US payrolls’ data affected gold trading globally and in India. Prices dropped to Rs.3,000 per gram on the 4th as a result of this.
    • Gold price in Hyderabad went back up to Rs.3,015 per gram on the 5th. Reports suggested that “today’s gold rate” saw an increased as the job data was on the weaker side.
    • This led to gold rates rising to Rs.3,021 per gram on the 6th, and continue at this rate till the closing hours of the week.

    January 2018 - Week 2 (8th - 14th)

    • The bullion was priced at Rs.3,015 per gram on the 8th when the week began.
    • Though gold price in Hyderabad surged to Rs.3,021 per gram on the 9th due to an increase in domestic demand from retailers, local jewellers, and industries, gold rates plunged to Rs.3,009 per gram on the 10th with the equity markets recovering from the initial shock.
    • However, with the US dollar losing against other apex currencies the yellow metal prices rebounded to Rs.3,030 per gram on the 11th.
    • Gold rate in Hyderabad surged further to Rs.3,045 per gram on the 12th after the equities performed poorly amid the weakened US dollar.
    • The 13th saw the yellow metal prices hitting a seven-week high at Rs.3,068 per gram following an increase in overseas demand amid the positive trends internationally.
    • Steady demand coupled with strong global cues resulted in gold being priced at Rs.3,068 per gram when the week concluded.

    January 2018 - Week 3 (15th - 21st)

    • In Hyderabad, gold opened on a relatively subdued note with the metal priced at Rs.3,071 per gram.
    • A rise in global demand helped improve domestic sentiments. This pushed gold prices in Hyderabad up to Rs.3,086 per gram on the 16th of January.
    • The US dollar index improved against a basket of other currencies and as a result of this, gold rate in Hyderabad dropped to Rs.3,082 per gram on the 17th.
    • With the US treasury yields offering some increased returns, gold rates dropped to Rs.3,061 per gram on the 18th of the month.
    • Demand for gold surged amid rising concerns over a possible US government shutdown. Gold markets around the world, as well as India, climbed to new levels as a consequence.
    • On the 19th, the metal traded at Rs.3,064 per gram, which then rose to Rs.3,084 per gram the next day after the US government shut shop.
    • When the week ended, gold rates in Hyderabad continued at Rs.3,084 per gram, thanks to a steady demand.

    January 2018 - Week 4 (22nd - 28th)

    • As the US dollar remained considerably weak, gold witnessed considerable increase over the course of the week.
    • When trading for the week began on the 22nd, gold was priced at Rs.3,022 per gram.
    • The 23rd saw gold open at Rs.3,030 per gram and close at Rs.3,026 per gram as demand remained mostly on the flatter side.
    • Significant increases in gold price in Hyderabad were witnessed from the 24th onwards, as the US dollar hit new lows while gold hit 16-month high figures.
    • On the 25th, the yellow metal opened at Rs.3,072 per gram as demand from jewellers in and around the city surged.
    • But, demand slowed down slightly and gold rate in Hyderabad seemed to consolidate towards the end of the week.
    • At the time of the week’s closing, gold was priced at Rs.3,068 per gram.

    January 2018 - Week 5 (29th - 31st)

    • Gold was priced at Rs.3,043 per gram on the 29th when the week began.
    • With the US dollar recovering from it previous streak of losses and equities gaining in the market, gold price in Hyderabad plunged to Rs.3,030 per gram the following day.
    • On the last day, the bullion trade witnessed gold price in Hyderabad rebounding to Rs.3,045 per gram with investors and markets awaiting the outcome of the US Federal Reserve’s two-day monetary policy meeting.
    • Hyderabad recorded an incline of 1.33% in bullion trade amid the positive trends overseas during the course of the month.

    The Current Gold Price Trend in Hyderabad: What it looks like?

    Gold prices in Hyderabad has been witness to considerable fluctuations over the past few years, with the demonetisation drive of November 2016 contributing to some of the biggest falls in prices. Currently, the market is seeing steady rise in prices, thanks to largely improving demand from investors in the city. Changes with regards to long term investments, on the other hand, have been stable putting an overall positive outlook on the market.

    What impact has GST had on gold rate in Hyderabad?

    Ever since the introduction of Goods and Services Tax (GST) in July 2017, gold rate in Hyderabad have seen s shift. While the previous law levied a 12.2% tax on gold (10% import duty, 1% excise duty and 1.2% VAT), the new GST law has made things a lot more easier. To begin with, the GST council has done away with excise duty and VAT and has put GST in its place, which will remain the same for all states in the country. The 3% GST on gold has been well received by traders and investors not just in the city but also in and around the country. Further, GST is expected to herald a new era of consistency to gold trading. Currently, gold is being taxed at 13%, of which 10% stands for import duty while the remaining 3% is the GST.On the retail front, there are a few different components to look at. For instance, there’s the 5% making charge on top of the 10% import duty, and 3% GST. In the retail market, a 5% making charge will be levied on each jewellery purchase.

    Ways to invest in gold in Hyderabad

    As one of the fastest developing cities in the country, Hyderabad offers plenty of opportunities for all sorts of gold investors: be it for the large jewellery-buying consumers or for the investment-oriented entities. People can invest in a range of assets like gold coins, jewellery, gold bullions (bricks), and gold ETFs.

    What’s the difference between KDM and Hallmark gold in Hyderabad

    KDM refers to the process through which gold jewellery is made. Gold, as a metal, is rather soft and jewellery was made by soldering the piece with other metals and for this purpose only a metal with a lesser melting point was used. When the process was initially invented, Cadmium was used as the soldering agent. However, this brought with it a number of complications, wherein it decreased the purity of the gold while it was also responsible for various kinds of health hazards. Now, other metals like zinc or copper are used, which has drastically cut down the health risks.

    Hallmark, on the other hand, refers to the certificate given by the Bureau of Indian Standards, a government body which deals with authenticating gold. For example, you buy a piece of jewellery that a store claims is 24 karat or 22 karat. BIS is the entity that certifies that a gold is what a jeweller claims it is.

    Factors that Affects the Gold Prices in Hyderabad

    There are a lot of factors involved in gold trading and the prices slapped on the metal in various cities. Hyderabad, in this case. Here’s a list of all of these factors:

    • Rupee vs Dollar

    India is the second largest importer of gold in the world, and it mostly uses the US dollar to pay for a particular trade. If the rupee is weaker against the dollar at a given point in time when a trade is happening, gold prices are expected to be higher. This is because importers have to pay more rupees to make the purchase. Also, the same will trickle down to the end user who buys gold as well. On the other hand, if the US dollar is weaker, gold is expected to cost comparatively less.

    • Logistics

    When we say logistics, we mean to emphasise the time since gold is imported to the time it makes it to the hands of the consumer. Gold, as you know, is a precious metal and due to its monetary value, its requires a lot of safeguarding. Depending on how the situation in a city is, gold rates are likely to increase or decrease. In simple terms, the harder it is to transport gold to a city, the higher the costs are likely to be.

    • Bullion associations

    Bullion associations also play a huge role in how gold is priced in a city. Gold rates are fixed twice a day, once when the day begins (called the opening price) and once when the day ends (called the closing price).

    Things to Know before investing in Gold in Hyderabad

    No matter how much Indians grow, their obsession is never likely to end. So, in this section, we will tell you about some of the things you should keep in mind when investing in the metal:

    • How pure is the gold: There are different purity levels to gold 14 karat, 18 karat, 22 karat, and 24 karat. A 24 karat gold is the purest form of gold available and is likely to cost considerably more when compared to the others.
    • Do you know the labour charges involved: One of the many ways jewellers earn their money is charging labour charge on a piece of jewellery. The maker charges a certain amount depending on the type and the complexity of the piece in question. Making charges will be added to the final price of your purchase. To know more about it, analyse your bill carefully or talk to your jeweller the next time you’re making a purchase
    • Certification In Place?: Gold is certified and authenticated by the Bureau of Indian Standards, which main aim is to make sure that you - the customer - aren’t fleeced by the jeweller for a substandard or fake product. The BIS certifies the gold a jeweller is selling based on their purity levels. When you’re making a purchase, make sure to check the purity levels before buying.
    • When you are purchasing: The timing of your purchase can have a bearing on how much your jewellery could cost. For instance, during festive seasons when demand is high, you are likely to spend more as opposed to buying during the off season. Also be on the lookout for additional offers which reputed jewellers put up from time to time.
    • Keep the weight in mind: When a jewellery is weighed before a sale, any other stones used (emerald, diamond etc) will also be included in the pricing. This may increase the price of your jewels further. So, keep this in mind when purchasing studded jewellery.

    Gold is the preferred choice for metal commodity in Hyderabad. Gold rates in Hyderabad follow the trend of all major cities in the country. Buying gold is very easy in the city, as there are lots of stores and dealers who are into selling and buying gold. Investments in gold have become a major component of individual investments in commodities in the city.

    Jewelry: Gold jewelries are popular among the residents of Hyderabad. The city offers some of the best options in gold jewelry in the country. Hyderabad, along with Chennai and Bangalore, forms a big portion of gold jewelry demand in southern India.

    Coins and bullion: Gold coins can be purchased from various banks in the city. These are also popular with residents in the city, as coins can be purchased in varying purities and weights as well as from a number of places including private dealers. Bullions can be purchased from the large dealers based in the city. These are also available in varying purity and weights, however bullions are generally available in larger quantities of gold.

    Commodity exchanges: Gold as a commodity can be traded in various exchanges such as MCX, NSEL or NCDEX. These exchanges are used by residents of Hyderabad for investing in contracts of gold of varying tenures. The contracts are available as spot contracts and futures contracts.

    There are plenty of places with history where you can buy gold in Hyderabad. Stores like Jagdamba Pearls, MOR Jewellers, Krishna Pearls and Jewellers are just a few of them. On the other hand, if you want to buy gold you can go with the Multi Commodity Exchange (MCX), which lets you buy 22 karat and 24 karat gold.

    Importing gold isn’t possible for everyone and can only be done by a few designated importers such as banks, who sell it to various dealers at a margin in order to recoup the money they have spent. Once they have decided on the margins, banks sell the gold to retailers, who in turn design jewellery and sell them to consumers.

    Future rates, as the name suggest, are the rates at which gold is likely to be traded in the future.There are a number of factors that go into deciding future gold rates in a particular city. These factors are as follows:

    • Current trends: Although there are no given parameters to decide future rates of gold, current trading rates will be taken into account when traders set the price. Besides this, traders will also look at cues from the global scene and keep track on any gold-related news and that of the US dollar. Analysts will also look at silver rates to ascertain what a future trend could look like.
    • Forex rate: The rate at which Indian rupee is being exchanged will also play a part in what future rates could look like.

    Although, gold price trends looks bleak for the 2017 in most cities, the case with Hyderabad is slightly different. This is vastly because of the value and demand the metal has in the city. Other aspects that makes a positive trend possible are the decisions that will be taken by US President Donald Trump, all of which are creating massive fluctuations in the market. So, in all likelihood, gold could offer a comparatively good return as long as you decide to sell it within the right time period.

    Like every commodity, there’s a tax that has to be paid on gold as well, of which there are three. Below are all of them mentioned for you.

    • Capital Gains Tax: Gold trades, in the form of ETFs, incur taxes depending on when and how they are sold. For instance, if gold is sold within 12 months of buying it, the profit will be taxed at 10%. On the other hand, if gold is sold after 36 months, capital gained through the sale will be taxed at 15%.
    • Wealth Tax: Gold is considered wealth, and hence it will be taxed. If wealth exceeds more than Rs.30 lakh, a wealth tax of 1% needs to be paid. The valuation for the gold will be done based on the rates on 31st March.
    • 24 karat gold rate (Rs/gram)

    24 karat gold price in Hyderabad at the start of the year was Rs.2,696. This price gradually increased over the month and peaked at Rs.2,865 on 21st January. Prices stayed at the same level for the rest of the month, and gradually declined in the months of February and March to reach a low of Rs.2,623 on 18th March. Gold prices saw a mini rally over the next two months and again peaked at Rs.2,802 on 18th May, before ending the month at Rs.2,738.

    • 22 karat gold rate(Rs/gram)

    22 karat gold rate in Hyderabad at the start of 2015 was Rs.2,524. Prices rallied throughout the month, and were at peak value of Rs.2,678 on 21st January. Prices declined over the next month, and reached a low of Rs.2,445 on 18th March. Over the months of April and May, gold rate in Hyderabad saw a gradual increase and came to a high of Rs.2,622 on 18th May. Gold price at the end of the month was Rs.2,558.

    Also Check Gold Price in NearBy Cities of Hyderabad

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    Also Know: Silver Rate in Hyderabad

    Read more on Gold

    News About Hyderabad Gold Rate

    • Gold Breaks Losing Streak on Strong Local Demand

      Gold staged a recovery after days of consecutive losses, boosted by demand from jewellers and a firm overseas trend. The yellow metal traded at Rs.31,850 for 10 grams recording a rise of Rs.390 during the trading day.

      Global gold prices echoed domestic trends, with spot gold rising by 0.7% to trade at $1,230.81 per ounce. The temporary resolution of the ongoing Sino-U.S. trade dispute weakened the dollar as investors looked to bullion.

      Silver prices also rose on positive investor sentiment, trading at Rs.37,360 per kg as the metal’s value rose by Rs.800. however, weekly silver delivery fell by Rs.602 to close at Rs.35,749 per kg.

      3 December 2018

    • Gold prices drop on account of weak global cues and subdued demand

      Gold was recorded trading on the red on Monday after poor market trends overseas led to a decline in domestic demand from local jewellers, retailers and industries. Demand for gold was suppressed at the global level with the bullion weighed upon by the strong US dollar performances amid concerns of a poor global economic growth. Additionally, investors refrained from making purchases looking for clues of a possible trade war ahead of the G-20 summit. MCX gold was holding at Rs.30,456 per 10 gram, recording a decline of Rs.39 per 10 gram from the previous session. Silver, on the other hand, witnessed an incline in the futures market with MCX silver trading at Rs.36,134 per kg, recording an incline of Rs.73 per kg from the previous session.

      26 November 2018

    • Gold Prices Recover On Increased Festive Demand, Global Cues

      Gold prices recovered on the back on increased local demand and festive season purchases. Gold of 99.9 purity rose by Rs.80 to trade at Rs.32,150 for 10 grams. Gold of 99.5 purity rose by a similar margin to trade at Rs.32,000 for 10 grams as local jewellers increased orders exponentially.

      Overseas demand for gold was also on the rise, with the precious metal trading at $1,222.10 per ounce to record a rise of $11.7 over the course of the week.

      Silver prices also staged a comeback, trading at Rs.38,000 per kg to register a rise of Rs.150 as the dollar dropped on weak U.S. economic data. Comments by the Federal Reserve on the interest rate hike outlook also boosted dollar-pegged commodities as the currency took a dip.

      18 November 2018

    • Gold rates inch higher amid the losing dollar

      With the US dollar index losing against a basket of other major emerging currencies amid the US-Chinese trade war tensions, gold prices surged at the domestic level. The dollar weakened further with investors and market participants awaiting the two-day Federal Reserve monetary policy meeting for clues on the future interest rate hikes. With the central bank expected to hike its benchmark interest rates for the third time in 2018, markets have already been priced at a 25 basis point hike. China called off the trade talks with the US and also cancelled Vice Premier Lie He’s visit to Washington amid the rising trade tensions.

      24 September 2018

    • Gold Prices Dip on Weak Global Trend, Silver Rises

      There was a drop in gold prices for the second consecutive day as a weal global trend and declining local demand affected prices. The rise in the dollar rate led to reduced demand from local buyers, as overseas demand also dropped.

      Gold traded at Rs.31,350 for 10 grams, a drop of Rs.100 as easing demand from retailers as well as jewellers impacted prices. Global gold prices also fell, trading at $1,196.20 per ounce to record a 0.28% fall.

      Meanwhile, silver prices were on the increase after higher offtake from industrial units. The white metal traded at Rs.37,775 per kg to record a Rs.275 per kg rise in value. Silver futures for weekly delivery also rose to trade at Rs.37,165 per kg.

      8 September 2018

    • Gold Drops on Strong Dollar

      Gold prices in Hyderabad fell in early trading on poor cues, as the dollar continued its bull run. Spot gold traded at $1,250.95 per ounce, a drop of 0.1%.

      Gold futures for August delivery also fell by 0.1% to $1,252.70 per ounce as the dollar climbed against a basket of currencies.

      With Eurozone inflation rising significantly and rising energy costs, investors looked to capitalise on the bullish equity markets.

      Purchase of gold coins and jewellery has also seen a drop, as local jewellers wait for rates to drop.

      2 July 2018

    • Gold price steady after Trump-North korea episode

      The price of the precious yellow metal remained steady, reaching up to US Dollar 1,300 per ounce after the President of the United States Donald Trump called off a meeting with KIm Jong Un, the leader of North Korea.

      The recent political developments surrounding North Korea and the US president keep the cost of flat gold at US Dollar 1.304 per ounce. In most cases, gold is considered to be a safe-haven assets, that will come to the rescue in times of a crisis or uncertainty. However, there was limited impact on the price even after this political development.

      On the other hand, the US gold futures for the month of June did not see a major change and stood at US Dollar 1,304.

      According to industry experts, what this essentially means is that due to all these political developments, there will be a sharp reaction, but this will only be for a short-term period. On the whole, this may not have a very grave impact on the financial markets across the world or the global economy on the whole.

      Experts say that the small rise is because the price of gold is heavily dependent on the US Dollar. It is predicted that this change is gold trends id a temporary development and the price will eventually come back to US Dollar 1.300 per puce yet again.

      On the other hand, on Thursday, gold prices further strengthened after North Korea issued a statement that it was open to resolving issues.

      25 May 2018

    • Gold, Silver Open Poorly in Delhi

      Gold opened trading in Delhi 0.02% higher as a firm U.S. Dollar led to reduced demand for the yellow metal. Gold was priced at Rs.31,113 for 10 grams in early trading on Wednesday, May 23, 2018.

      Silver prices meanwhile recorded a drop, with the industrial metal losing 0.12% of its value. Silver traded at Rs.40,448 per kg, recording a loss of Rs.47 from the previous day’s closing price.

      Minutes from the U.S. Federal Reserve’s meeting as well as the results of the trade talks between the United States and China impacted demand for precious metals.

      23 May 2018

    • Gold opens on a low in the morning sessions, amid poor cues

      Gold trading for the 16th of May were on a rather weak note during the morning session, as suggested by various reports. In the Multi Commodity Exchange (MCX), gold futures were trading at Rs.31,078 per 10 gram, a Rs.97 or 0.31% decline from the compared to the opening price.

      Silver rates, on the other hand, also took a hit, going by by 0.35%, to trade at Rs.39,812 per kg or a Rs.140 decline.

      Analysts said that they expect gold rates to improve over the coming sessions as the effects of the US treasury yields and a strong US dollar wear off. In the global market, gold mounted a decent recovery after having hit considerable lows over the previous few days.

      17 May 2018

    • Akshaya Tritiya under EC purview this time

      The Election Commission (EC) of India will keep a strict and detailed watch on all the high-value gold purchases that are being made on Akshaya Tritiya, which happened to fall on April 18, 2018.

      Since it is the election season, the EC has made a decision to monitor all the gold purchases that are more than a certain amount. Questions will be asked if there is any type of unusual quiche that is being made.

      12 April 2018

    • For more related news /update on gold price visit: Gold News

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