Gold Rate In Hyderabad Today

Todays gold rate in Hyderabad:

  • 10g of 24K gold is 46,520 Indian Rupee
  • 10g of 22K gold is 44,300 Indian Rupee
More
  • Today's Gold Rate in Hyderabad ( 16 Sep 2021 )

    ₹ 4,430
    Today's Gold Rate (22K) per gram

    Compare 22K & 24K Gold Rate In Hyderabad (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,430 ₹ 4,466 ₹ -36 ↓
    Standard Gold (22 K) ( 8 grams ) ₹ 35,440 ₹ 35,728 ₹ -288 ↓
    Pure Gold (24 K) ( 1 gram ) ₹ 4,652 ₹ 4,689 ₹ -37 ↓
    Pure Gold (24 K) ( 8 grams ) ₹ 37,216 ₹ 37,512 ₹ -296 ↓

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    16 Sep 2021 ₹ 4,430 ₹ 35,440 ₹ 4,652 ₹ 37,216
    15 Sep 2021 ₹ 4,466 ₹ 35,728 ₹ 4,689 ₹ 37,512
    14 Sep 2021 ₹ 4,435 ₹ 35,480 ₹ 4,657 ₹ 37,256
    13 Sep 2021 ₹ 4,434 ₹ 35,472 ₹ 4,656 ₹ 37,248
    12 Sep 2021 ₹ 4,440 ₹ 35,520 ₹ 4,662 ₹ 37,296
    11 Sep 2021 ₹ 4,440 ₹ 35,520 ₹ 4,662 ₹ 37,296
    10 Sep 2021 ₹ 4,451 ₹ 35,608 ₹ 4,674 ₹ 37,392
    09 Sep 2021 ₹ 4,434 ₹ 35,472 ₹ 4,656 ₹ 37,248
    08 Sep 2021 ₹ 4,452 ₹ 35,616 ₹ 4,675 ₹ 37,400
    07 Sep 2021 ₹ 4,474 ₹ 35,792 ₹ 4,698 ₹ 37,584

    Weekly & Monthly Graph of Gold Rate in Hyderabad (1 gram)

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    • 6 Months

    *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 rate 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 and Gold price in Hyderabad.

    Gold Rate in Hyderabad for Last 5 Days (1gm)

    Date 1 gram Standard Gold (22 K) 1 gram Pure Gold (24 K)
    16 September 2021 ₹ 4,430 ₹ 4,652
    15 September 2021 ₹ 4,466 ₹ 4,689
    14 September 2021 ₹ 4,435 ₹ 4,657
    13 September 2021 ₹ 4,434 ₹ 4,656
    12 September 2021 ₹ 4,440 ₹ 4,662

    Historical Gold Price in Hyderabad

    Months Lowest Price 24 Karat Gold – ₹ Per 10 Grams Highest Price 24 Karat Gold – ₹ Per 10 Grams
    August 202145,92049,090
    July 202146,65049,010
    June 202146,10050,400
    May 2021 47,890 50,300
    April 2021 45,440 49,200
    March 2021 45,110 46,970
    February 2021 46,900 50,180
    January 2021 48,380 59,500
    December 2020 48,770 51,380
    November 2020 48,760 53,020
    October 2020 50,960 53,750
    September 2020 50,190 54,080
    August 2020 53,590 59,140
    July 2020 50,490 55,610
    June 2020 48,370 50,670
    May 2020 46,210 49,090
    April 2020 41,500 47,200
    March 2020 40,260 44,430

    Trend of Gold Rate in Hyderabad for September 2021 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    September 1 Rate Rs.4,679 per gram
    September 12 Rate Rs.4,662 per gram
    Highest Rate in September Rs.4,721 per gram on 4, 5, and 6 September
    Lowest Rate in September Rs.4,656 per gram on 9 September
    Overall Performance Decline

    September 2021 - Week 1 (1 - 5):

    • Gold rate in Hyderabad opened at the rate of Rs.4,679 per gram in the month of September. There was a drop of Rs.10 per gram in the gold price when compared to the closing price of the previous month.
    • During the month, it recorded the highest rate on 4 and 5 September wherein a gram of 24 karat gold was being sold for Rs.4,721 per gram. The lowest price of the precious yellow metal was recorded on the 2nd and 3rd of September when the price stood at Rs.4,674 per gram.
    • The precious yellow metal closed the first week of September being traded at the rate of Rs.4,721 per gram. The overall performance of the precious metal witnessed an incline.

    September 2021 - Week 2 (6 - 12):

    • Gold rate in Hyderabad opened at the rate of Rs.4,679 per gram in the month of September. There was a drop of Rs.10 per gram in the gold price when compared to the closing price of the previous month.
    • During the month, it recorded the highest rate on 4 and 5 September wherein a gram of 24 karat gold was being sold for Rs.4,721 per gram. The lowest price of the precious yellow metal was recorded on the 2nd and 3rd of September when the price stood at Rs.4,674 per gram.
    • The precious yellow metal closed the first week of September being traded at the rate of Rs.4,721 per gram. The overall performance of the precious metal witnessed an incline.

    Trend of Gold Rate in Hyderabad for August 2021 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    August 1 Rate Rs.4,775 per gram
    August 31 Rate Rs.4,689 per gram
    Highest Rate in August Rs.4,909 per gram on 2 August
    Lowest Rate in August Rs.4,592 per gram on 10 and 11 August
    Overall Performance Decline

    August 2021 - Week 1 (1 - 8):

    • Gold rate in Hyderabad opened the fourth week of the month at Rs.4,773 per gram. The price of the yellow metal was down by Rs.127 per gram in the city when compared to previous week’s closing price.
    • The price of the yellow metal increased slightly the next day before dropping on 21st and 22nd August. On 22nd August, a gram was retailed Rs.4,725 in the city.
    • While gold price recorded a slight increase on 23rd August, it remained unchanged on the final two days and closed the week at Rs.4,736 per gram. The overall of the yellow metal in Hyderabad was one of incline.

    August 2021 - Week 2 (9 - 15):

    • Gold rate in Hyderabad opened the second week of the month at Rs.4,599 per gram. The price of the yellow metal was down by Rs.184 per gram in the city when compared to the closing price of the previous week.
    • The price of the yellow metal slipped again the following day and recorded its lowest price for the month till date. On 10th August, a gram of 24-karat gold cost Rs.4,592 in the city.
    • While gold price remained unchanged on 11th August, it started to climb from 12th August and closed the week at Rs.4,657. In Hyderabad, the overall performance of gold witnessed a declining trend.

    August 2021 - Week 3 (16 - 22):

    • Gold rate in Hyderabad opened at the rate of Rs.4,775 per gram in the month of August. The overall performance of the precious yellow metal witnessed a decline.
    • During the month, gold recorded the highest rate on 2nd August wherein a gram of 24 karat gold was being sold for Rs.4,909 per gram. The lowest price of the precious yellow metal was recorded on the 10th and 11th of August when the price stood at Rs.4,592 per gram.
    • The precious metal closed the third week of August being traded at the rate of Rs.4,688 per gram.

    August 2021 - Week 4 (23 - 31):

    • In Hyderabad, gold opened the fourth week of August at Rs.4,684 per gram. The price of the yellow metal was down by Rs.4 in the city when the rate was compared to what was charged on the final day of the previous week.
    • While gold price increased in the city on 24th August, it declined over the next two days. On 26th August, a gram of 24-karat gold cost Rs.4,679 in Hyderabad. The rate shot up again in the city over the next few days before slipping considerably on the final two days of the month.
    • Gold price in Hyderabad closed the week at Rs.4,689 per gram. The overall performance of gold in the city witnessed a decline.

    Trend of Gold Rate in Hyderabad for July 2021 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    July 1 Rate Rs.4,665 per gram
    July 31 Rate Rs.4,775 per gram
    Highest Rate in July Rs.4,901 per gram on 17 July
    Lowest Rate in July Rs.4,665 per gram on 1 July
    Overall Performance Incline

    July 2021 - Week 1 (1 - 4):

    • In Hyderabad, gold opened the first week of July at Rs.4,665 per gram. The rate was up by Rs.34 in the city when the rate was compared to the closing price of the previous week.
    • Gold price in Hyderabad climbed over the week and recorded its highest price for the month till date on 4th July. A gram cost Rs.4,834 on the mentioned date in the city.
    • The overall performance of the precious metal witnessed an inclining trend in the city.

    July 2021 - Week 2 (5 - 11):

    • In Hyderabad, gold opened the second week of July at Rs.4,826 per gram. Compared to previous week’s closing price, the rate was down by Re.1 in the city.
    • Gold price in Hyderabad slipped over the next two days and recorded its lowest for the month on 11th July. A gram cost Rs.4,610 on the mentioned date.
    • Over the week, the price of the yellow metal continued to see slight fluctuations and closed at Rs.4,620 per gram. Gold’s overall performance in the city witnessed a declining trend.

    July 2021 - Week 3 (12 - 18):

    • Gold rate in Hyderabad opened at the rate of Rs.4,665 per gram in the month of July. The overall performance of the precious yellow metal witnessed an incline.
    • Till the end of the third week of the month, it recorded the highest rate on 17th July wherein a gram of 24 karat gold was being sold for Rs.4,901 per gram.
    • The lowest price of the precious yellow metal was recorded on the 1st of July when the price stood at Rs.4,665 per gram.

    July 2021 - Week 4 (19 - 25):

    • Gold rate in Hyderabad opened the fourth week of the month at Rs.4,773 per gram. The price of the yellow metal was down by Rs.127 per gram in the city when compared to previous week’s closing price.
    • The price of the yellow metal increased slightly the next day before dropping on 21st and 22nd July. On 22nd July, a gram was retailed Rs.4,725 in the city.
    • While gold price recorded a slight increase on 23rd July, it remained unchanged on the final two days and closed the week at Rs.4,736 per gram. The overall of the yellow metal in Hyderabad was one of incline.

    July 2021 - Week 5 (26 - 31):

    • Gold rate in Hyderabad opened at the rate of Rs.4,665 per gram in the month of July. The overall performance of the precious yellow metal witnessed an incline.
    • During the month, gold recorded the highest rate on 17th July wherein a gram of 24 karat gold was being sold for Rs.4,901 per gram. The lowest price of the precious yellow metal was recorded on the 1st of July when the price stood at Rs.4,665 per gram.
    • The precious metal closed the month of July being traded at the rate of Rs.4,775 per gram.

    Trend of Gold Rate in Hyderabad for June 2021 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    June 1 Rate Rs.5,030 per gram
    June 30 Rate Rs.4,631 per gram
    Highest Rate in June Rs.5,040 per gram on 3 June
    Lowest Rate in June Rs.4,610 per gram on 21 June
    Overall Performance Decline

    June 2021 - Week 1 (1 - 4):

    • The price of the precious metal in Hyderabad was Rs.5,030 per gram on 1 June and was the same on 2 June due to a steady trend seen in the international market.
    • Gold rate in Hyderabad increased to hit its highest of the week on 3 June at Rs.5,040 per gram due to a weaker dollar value.
    • On the last day of the week, the precious metal’s value decreased below the Rs.5,000 per-gram level as the dollar value recovered. The metal closed at Rs.4,964 per gram on 4 June, recording an overall decline.

    June 2021 - Week 2 (5 - 11):

    • Gold price in Hyderabad opened the second week of June at Rs.5,007 per gram. When compared to the closing price of the previous week, the price was up by Rs.43 for every gram.
    • The price of the yellow metal saw slight fluctuations in the city through the course of the week. Gold closed the week at Rs.5,030 per gram.
    • The overall performance of gold in Hyderabad remained stable given that the opening and closing price of the previous metal was the same.

    June 2021 - Week 3 (12 - 18):

    • Gold rate in Hyderabad opened the third week of June standing at Rs.4,990 per gram. This was lower by Rs.40 per gram when compared to the closing rate of the previous week.
    • The highest rate of gold for the month was recorded on 3 June where it stood at the rate of Rs.5,040 per gram. The lowest recorded rate for the month was on the closing day of the third week of June.
    • Gold rate in Hyderabad closed at Rs.4,827 per gram. The overall performance of the yellow metal in the city witnessed a declining trend during the month.

    June 2021 - Week 4 (19 - 25):

    • In Hyderabad, gold opened the fourth week of June at Rs.4,826 per gram. Compared to previous week’s closing price, the rate was down by Re.1 in the city.
    • Gold price in Hyderabad slipped over the next two days and recorded its lowest for the month on 21st June. A gram cost Rs.4,610 on the mentioned date.
    • Over the week, the price of the yellow metal continued to see slight fluctuations and closed at Rs.4,620 per gram. Gold’s overall performance in the city witnessed a declining trend.

    June 2021 - Week 5 (26 - 30):

    • In Hyderabad, gold opened the fifth and final week of June at Rs.4,631 per gram. The rate of the yellow metal witnessed a hike of Rs.11 for every gram when compared to the closing price of the previous week.
    • The price of the yellow metal went up by Rs.180 per gram on 28th June after remaining stagnant the previous day. The increase in the price saw a gram being retailed for Rs.4,811 on the mentioned date.
    • Gold price in Hyderabad slipped again on the final day of the week and closed at Rs.4,631 per gram. The overall performance of the precious metal in the city was one of decline.

    Trend of Gold Rate in Hyderabad for May 2021 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    May 1 Rate Rs.4,777 per gram
    May 31 Rate Rs.5,007 per gram
    Highest Rate in May Rs.5,030 per gram on 26 May and 27 May
    Lowest Rate in May Rs.4,777 per gram on 1 May
    Overall Performance Incline

    May 2021 - Week 1 (1 - 7):

    • In Hyderabad, the gold rate opened at Rs.4,777 per gram and increased to Rs.4,778 per gram on 2 May. The price of the metal increased further on a weak dollar to hit the Rs.4,800 per-gram mark on 3 May.
    • Gold price in Hyderabad increased to cross the Rs.4,800 per-gram mark at Rs.4,822 per gram on 4 May. However, as the dollar value recovered in the market, gold prices declined to Rs.4,789 per gram on 5 May.
    • On 6 May, the price of gold recovered and was Rs.4,800 per gram and hit its weekly high on the last day of the week at Rs.4,855 per gram.

    May 2021 - Week 2 (8 - 14):

    • Gold price in Hyderabad opened the second week of May at Rs.4,866 per gram. There was a slight increase of Rs.11 in the price of the yellow metal when the rate was compared to the closing price of the previous week.
    • Gold recorded its highest price for the month till date on 9th May when a gram was retailed for Rs.4,918. Over the week, the price of the yellow metal fluctuated in the city.
    • The precious metal closed the week at Rs.4,871 per gram in Hyderabad. Gold’s overall performance in the city was one of incline.

    May 2021 - Week 3 (15 - 21):

    • Gold price in Hyderabad opened at Rs.4,898 per gram on 15th May. When compared to the closing price of the previous week, the rate for every gram was up by Rs.27 in the city.
    • The price of gold increased gradually in Hyderabad over the week. The yellow metal recorded its highest price for the month till date on 20th May when a gram was retailed for Rs.4,975.
    • The yellow metal closed at Rs.4,975 per gram in Hyderabad as the price remained unchanged on the final day of the week. Gold’s overall performance in the city was one of incline.

    May 2021 - Week 4 (22 - 28):

    • The gold rate in Hyderabad was Rs.4,975 per gram on 23 May and was steady till 24 May with a mute trend of the metal in the markets.
    • On 25 May, the price of the metal increased marginally to Rs.4,976 per gram and further to cross the Rs.5,000 per-gram mark at Rs.5,030 per gram on 26 May.
    • Holding steady till 27 May, the price of the metal declined marginally and closed the week at Rs.5,009 per gram.

    May 2021 - Week 5 (29 - 31):

    • Gold rate in Hyderabad was Rs.4,985 per gram on 29 May. Due to a decline in the dollar value, gold prices increased in the market to Rs.4,996 per gram.
    • With a decline in the U.S. Treasury bond yields, gold prices increased on the last day of the month to cross the Rs.5,000 per-gram mark, and closed at Rs.5,007 per gram.

    Trend of Gold Rate in Hyderabad for April 2021 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    April 1 Rate Rs.4,544 per gram
    April 30 Rate Rs.4,599 per gram
    Highest Rate in April Rs.4,920 per gram on 22 April
    Lowest Rate in April Rs.4,544 per gram on 1 April
    Overall Performance Incline

    April 2021 - Week 1 (1 - 4):

    • At the start of the week, gold price in Hyderabad was Rs.4,549 per gram. Compared to the closing price of the previous week, the price of the yellow metal was down by Rs.23.
    • The price of the yellow metal slipped considerably the next day and recorded its lowest price for the month. A gram of 24-karat gold cost Rs.4,511 on the mentioned date.
    • Gold price in Hyderabad closed at the same price as the rate didn’t see any change on the final day of the month. The overall performance of the precious metal witnessed a declining trend.

    April 2021 - Week 2 (5 - 11):

    • Gold rate in Hyderabad, at the start of the second week, was Rs.4,635 per gram on 5 April and declined marginally by Rs.10 to Rs.4,625 per gram on 6 April and further increased to Rs.4,653 per gram on 7 April.
    • The yellow metal’s value increased marginally to Rs.4,654 per gram on 8 April and further to Rs.4,691 per gram on 9 April due to weaker dollar value.
    • Increasing and crossing the Rs.4,700 per-gram mark on 10 April, gold prices were at Rs.4,735 per gram and closed the week at the same rate with an overall inclining trend.

    April 2021 - Week 3 (12 - 18):

    • Gold rate in Hyderabad at the start of the third week of April was Rs.4,735 per gram. There was no change in the price of the precious metal when the rate was compared to the closing price of the previous week.
    • The price of the yellow metal increased gradually in the city over the week and a gram was priced at Rs.4,779 on 15th April. While the rate slipped on 16th April, it climbed again on 17th and 18th April.
    • Gold closed the week at Rs.4,817 per gram. This was the highest recorded price of the precious metal in the city for the month till date. The overall performance of gold in Hyderabad was one of incline.

    April 2021 - Week 4 (19 - 25):

    • Gold rate in Hyderabad showed an inclining trend during the fourth week of the month. The price of the metal was Rs.4,822 per gram on 19 April and declined to Rs.4,816 per gram on 20 April. The price of the metal recorded a substantial incline to Rs.4,893 per gram on 21 April.
    • After increasing close to the Rs.4,900 per-gram mark on 21 April, gold prices in Hyderabad hit its highest level in the month on 22 April at Rs.4,920 per gram due to a weaker dollar and lower U.S. Treasury bond yields. After hitting the monthly high, gold prices dipped to Rs.4,887 per gram on 23 April.
    • Declining by more than Rs.200, the price of gold in Hyderabad was Rs.4,683 per gram on 24 April and closed the week at the same rate on 25 April.

    April 2021 - Week 5 (26 - 30):

    • Gold rate in Hyderabad was Rs.4,683 per gram on 26th April. Compared to the closing price of the previous week, there was no change in the price of the yellow metal.
    • While the price of gold slipped in the city on 27th and 28th April, it witnessed an increase on 29th April. A gram of 24-karat gold cost Rs.4,652 on the penultimate day of the month.
    • Gold closed the month at Rs.4,599 per gram after the rate slipped again. The overall performance of gold in Hyderabad witnessed an inclining trend.

    Trend of Gold Rate in Hyderabad for March 2021 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    March 1 Rate Rs.4,697 per gram
    March 31 Rate Rs.4,511 per gram
    Highest Rate in March Rs.4,697 per gram on 1 March
    Lowest Rate in March Rs.4,511 per gram on 30 and 31 March
    Overall Performance Decline

    March 2021 - Week 1 (1 - 7):

    • Gold price in the city of Hyderabad at the start of the week was Rs.4,697 per gram. When compared to the closing price of the previous week, the rate of the yellow metal was down by Rs.74 for every gram. The opening price of gold in the city was the highest for the month till date.
    • The price of the yellow metal witnessed a lot of fluctuations in the city over the week. The fluctuations were accounted to volatility in the international market. Gold recorded its lowest price for the month till date on 6th March when a gram cost Rs.4,549.
    • Gold price in Hyderabad closed at Rs.4,550 per gram after the rate increased by Re.1 on the final day of the week. The overall performance of the yellow metal in the city was one of decline.

    March 2021 - Week 2 (8 - 14):

    • In the second week of March, the gold rate opened in Hyderabad at Rs.4,550 per gram with no changes seen compared to its previous closing price. The price of the metal saw an immediate incline to Rs.4,853 per gram on 9 March due to a weaker dollar value.
    • On 10 March, however, the metal’s value dipped to its lowest at Rs.4,543 per gram as the U.S. Treasury yields showed a positive trend. The price of the metal increased on the following day to Rs.4,561 per gram.
    • Dipping below the Rs.4,600 per-gram mark, the price of the metal was Rs.4,599 per gram on 12 March and declined to Rs.4,582 per gram on 13 March. Gold price in Hyderabad closed the week at Rs.4,583 per gram.

    March 2021 - Week 3 (15 - 21):

    • Gold price in Hyderabad at the start of the week was Rs.4,853 per gram. Compared to the price charged on the last day of the previous week, the rate charged for a gram of the precious metal remained unchanged.
    • The price of the yellow metal remained unchanged in the city till 18th March. Gold price recorded a jump of Rs.22 on 19th March and a gram was retailed for Rs.4,605.
    • Gold price witnessed slight fluctuations in the city over the last two days of the week and closed at Rs.4,608. The overall performance of gold recorded a declining trend in Hyderabad.

    March 2021 - Week 4 (22 - 28):

    • In Hyderabad, gold prices opened the fourth week of March at Rs.4,607 per gram on 22 March and dipped to below the Rs.4,600 per-gram mark at Rs.4,570 per gram on 23 March. The price of the metal remained steady at the same price on the following day.
    • On 25 March, the gold rate in Hyderabad was Rs.4,570 per gram and declined further to Rs.4,549 per gram due to a stronger dollar and positive U.S. Treasury bond yields.
    • The price of the yellow metal dipped to Rs.4,548 per gram on 27 March and recovered marginally on the last day of the week at Rs.4,572 per gram on 28 March, closing with an overall decline.

    March 2021 - Week 5 (29 - 31):

    • At the start of the week, gold price in Hyderabad was Rs.4,549 per gram. Compared to the closing price of the previous week, the price of the yellow metal was down by Rs.23.
    • The price of the yellow metal slipped considerably the next day and recorded its lowest price for the month. A gram of 24-karat gold cost Rs.4,511 on the mentioned date.
    • Gold price in Hyderabad closed at the same price as the rate didn’t see any change on the final day of the month. The overall performance of the precious metal witnessed a declining trend.

    Trend of Gold Rate in Hyderabad for February 2021 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    February 1 Rate Rs.5,018 per gram
    February 28 Rate Rs.4,771 per gram
    Highest Rate in February Rs.5,018 per gram on 1 February
    Lowest Rate in February Rs.4,690 per gram on 19 February
    Overall Performance Incline

    February 2021 - Week 1 (1 - 7):

    • On 1 February, gold prices in Hyderabad were Rs.5,018 per gram, marginally increasing compared to its previous session. The price of gold dipped on the following day to Rs.4,926 per gram on a higher risk appetite seen amongst investors.
    • Gold rates dipped further to Rs.4,882 per gram on 3 February with the U.S. dollar value rising in the market. Due to this, the metal hit its lowest price of the week on 5 February at Rs.4,773 per gram.
    • After recovering marginally, the price of the yellow metal crossed the Rs.4,800 per-gram mark and closed the week at Rs.4,807 per gram on 7 February.

    February 2021 - Week 2 (8 - 14):

    • On 8 February, the gold rate in Hyderabad was Rs.4,807 per gram and increased to Rs.4,871 per gram on 9 February with a decreasing risk appetite amongst investors and a declining value of the U.S. dollar. On 10 February, gold prices were at its highest at Rs.4,881 per gram.
    • The price of gold dipped marginally on 11 February at Rs.4,860 per gram, declining further be Re.1 to Rs.4,859 per gram on 12 February.
    • Gold prices decreased to Rs.4,829 per gram on 13 February and closed the week at the same rate on 14 February with an overall weekly incline.

    February 2021 - Week 3 (15 - 21):

    • In Hyderabad, the price of gold was retailed at Rs.4,829 per gram at the start of the third week of February. When compared to the price charged on the final day of the previous week, there was no change in the rates.
    • While the price of the yellow metal remained unchanged the following day, it slipped considerably over the next few days and recorded its lowest price for the month till date on 19th February when a gram of 24-karat gold cost Rs.4,690.
    • Gold price in Hyderabad closed the week at Rs.4,719 per gram after the rates increased on the final two days of the week. The overall performance of gold witnessed a declining trend in the rates.

    February 2021 - Week 4 (22 - 28):

    • In Hyderabad, gold prices opened the fourth and the last week of February at Rs.4,719 per gram and increased to Rs.4,784 per gram on the following day due to a fall in the value of the U.S. dollar in the international market. The gold rate in Hyderabad was Rs.4,773 per gram on 24 February.
    • With a mute trend seen in the international market, gold prices held steady at Rs.4,773 per gram on 25 February and declined to Rs.4,734 per gram on 26 February as the investors shifted to the equities market on a stronger dollar.
    • However, gold rates recovered in the domestic market to Rs.4,771 per gram on 27 February and closed the week at the same rate recording an overall weekly incline.

    Trend of Gold Rate in Hyderabad for January 2021 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    January 1 Rate Rs.4,965 per gram
    January 31 Rate Rs.4,996 per gram
    Highest Rate in January Rs.5,950 per gram on 30 January
    Lowest Rate in January Rs.4,838 per gram on 17 January
    Overall Performance Incline

    January 2021 - Week 1 (1 - 9):

    • Gold price in Hyderabad opened the month at Rs.4,965 per gram on 1 January and showed immediate inclines to Rs.4,985 per gram on the following day. The metal’s price crossed the Rs.5,000 per-gram mark at Rs.5,160 per gram on 4 January.
    • After increasing marginally to Rs.5,161 per gram on 5 January, the metal’s price inclined to hit its weekly high at Rs.5,237 per gram on 6 January and held steady at the same price on the following day as well.
    • On 8 January, gold prices dipped on a lower risk appetite amongst investors and were at Rs.5,186 per gram and dipped yet again on 9 January to Rs.5,181 per gram to close the week.

    January 2021 - Week 2 (10 - 16):

    • Gold price in Hyderabad at the start of the second week of January was Rs.5,051 per gram. When compared to the closing price of the previous week, the price of the yellow metal was down by Rs.30 for every gram.
    • While gold price declined in the city over the next two days, it increased on 13th January and a gram was retailed for Rs.5,041 on the mentioned date.
    • The price of the yellow metal fluctuated in the city over the last three days of the week and closed at Rs.4,964 per gram. This was the lowest recorded price of the yellow metal for the month till date. Gold’s overall performance in Hyderabad witnessed a declining trend.

    January 2021 - Week 3 (17 - 23):

    • In Hyderabad, gold prices opened at Rs.4,838 per gram which was the lowest price of the metal during the month. However, the metal’s value increased to Rs.4,962 per gram on 18 January as the value of the dollar dipped in the market.
    • On 19 January, the gold rate in Hyderabad increased to Rs.4,980 per gram and crossed the Rs.5,000 per-gram mark on the following day at Rs.5,045 per gram.
    • The price of the metal increased on 22 January marginally to Rs.5,046 per gram. However, on 23 January, gold price in Hyderabad recorded a decline and closed the third week at Rs.4,888 per gram.

    January 2021 - Week 4 (24 - 31):

    • At the start of the final week of January, gold was priced Rs.4,888 for every gram in Hyderabad. When compared to the closing price of the previous week, the price of the yellow metal didn’t see any change in the rates.
    • While the price of gold climbed over the next two days, it slipped for the following three days and a gram was retailed for Rs.4,979 on 29th January. The yellow metal touched its highest price for the month on 30th January when a gram of the 24-karat gold was retailed for Rs.5,950.
    • Gold price in Hyderabad slipped again on the final day of the week and closed at Rs.4,996 per gram. The rate of the precious metal witnessed an inclining trend in the city.

    Trend of Gold Rate in Hyderabad for December 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    December 1 Rate Rs.4,877 per gram
    December 31 Rate Rs.5,096 per gram
    Highest Rate in December Rs.5,138 per gram on 21 December
    Lowest Rate in December Rs.4,877 per gram on 1 December
    Overall Performance Incline

    December 2020 - Week 1 (1 - 6):

    • Gold price in Hyderabad at the start of the week was Rs.4,877 per gram. When the price charged for a gram was compared to the closing price of the previous month, there was an increase of Re.1.
    • The price of the yellow metal was on an upward curve for major part of the week in Hyderabad. Gold recorded its highest price for the month till date on 5th December when a gram was retailed for Rs.5,030.
    • Gold closed at Rs.5,008 per gram in the city after the rates recorded a decline on the final day of the week. The overall performance of the yellow metal witnessed an inclining trend in the rates.

    December 2020 - Week 2 (7 - 13):

    • Opening at Rs.5,009 per gram, gold prices increased substantially to Rs.5,093 per gram on 8 December due to lower risk appetite amongst investors. The price of the metal on 8 December was the highest in the week.
    • On 9 December, the gold rate declined to Rs.5,050 per gram and further to Rs.5,007 per gram on 10 December. The value of the precious metal remained steady on 11 December as well.
    • Gold rate on 12 December increased marginally to Rs.5,018 per gram and closed the second week of the month at Rs.5,019 per gram on 13 December.

    December 2020 - Week 3 (14 - 20):

    • In Hyderabad, the price of gold was Rs.5,020 per gram at the start of the third week of December. There was an increase of Re.1 in the rate of the yellow metal when compared to what was charged at the end of the previous week.
    • While gold price slipped in the city the following day, it recovered gradually over the week. A gram of the precious metal was retailed for Rs.5,061 in Hyderabad on 18th December.
    • Gold price in Hyderabad closed the week at Rs.5,106 per gram after the rates remained stagnant on the final day of the week. The closing price of the precious metal was the highest recorded price for the month till date in the city. The overall performance of gold witnessed an inclining trend.

    December 2020 - Week 4 (21 - 27):

    • Gold rate in Hyderabad opened at Rs.5,138 per gram on 21 December which was the highest price of the metal for the week. Due to COVID-19 fears rising amongst investors, the demand for the metal increased.
    • On the following day, the gold rate dipped to Rs.5,127 per gram and increased marginally to Rs.5,128 per gram on 23 December. On 24 December, the metal’s price dipped substantially to Rs.5,084 per gram and on Christmas Day, increased marginally to Rs.5,095 per gram.
    • The metal’s price remained steady with minor fluctuations dipping to Rs.5,094 per gram on 26 December and closed the week at Rs.5,094 per gram on 27 December.

    December 2020 - Week 5 (28 - 31):

    • Gold price in Hyderabad at the start of the fifth week of December was Rs.5,128 per gram. When compared to the closing price of the previous week, the price of the yellow metal was up by Rs.33 for every gram.
    • While gold price increased in the city the following day, it dropped again on 30th December. The fluctuation in the rates saw gold being retailed for Rs.5,095 per gram in Hyderabad.
    • The yellow metal closed the week at Rs.5,096 per gram after recording an increase of Re.1 on the final day of the year. The overall performance of gold witnessed an inclining trend.

    Trend of Gold Rate in Hyderabad for November 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    November 1 Rate Rs.5,194 per gram
    November 30 Rate Rs.4,876 per gram
    Highest Rate in November Rs.5,302 per gram on 10 November
    Lowest Rate in November Rs.4,876 per gram on 30 November
    Overall Performance Decline

    November 2020 - Week 1 (1 - 8):

    • Gold price in Hyderabad opened at Rs.5,194 per gram and showed constant fluctuations in the first half of the week. On 2 November, the metal hit its lowest price at Rs.5,192 per gram.
    • The price of the metal increased marginally on 3 November and hit the weekly low again on 4 November. However, on 5 November, gold rates in Hyderabad showed hope of a positive trend at Rs.5,193 per gram.
    • On 7 November, the precious metal was priced at Rs.5,237 per gram due to the uncertainties around the U.S. election and hit its highest price of the week at Rs.5,238 per gram on 8 November.

    November 2020 - Week 2 (9 - 15):

    • The price of gold in Hyderabad at the start of the second week of November was Rs.5,239 per gram. Compared to the closing price of the previous week, there was a minimal increase of Re.1 in the rates.
    • Gold rate climbed to its highest for the month till date on 10th November when a gram of the precious metal was retailed for Rs.5,302.
    • Gold price in Hyderabad slipped over the next few days before recovering and closing the week at Rs.5,205 per gram. The overall performance of gold in the city witnessed an inclining trend.

    November 2020 - Week 3 (16 - 22):

    • In Hyderabad, gold rate opened at Rs.5,206 per gram on 16 November and decreased to Rs.5,193 per gram on 17 November as the value of the dollar increased in the market as the risk appetite increased amongst investors.
    • On 18 November, the price of gold dipped further to Rs.5,163 per gram and showed a declining trend throughout the week. Gold prices showed a decline as risk appetite increased as they awaited on the developments of the COVID-19 vaccine.
    • The price of the metal, on 20 November dipped to RS.5,124 per gram from Rs.5,134 per gram on the previous day and closed the week at Rs.5,139 per gram on 22 November.

    November 2020 - Week 4 (23 - 30):

    • On 23 November, gold price in Hyderabad was Rs.5,139 per gram and dipped marginally on the following day to Rs.5,138 per gram. With the rising dollar value, the price of the metal dipped throughout the week.
    • The price of the metal on 25 November was Rs.5,040 per gram and dipped to below the Rs.5,000 per gram mark on 26 November at Rs.4,976 per gram.
    • The gold rate dipped further on 28 November at Rs.4,959 per gram and was at its lowest at the end of the month, closing at Rs.4,876 per gram on 30 November recording an overall weekly decline.

    Trend of Gold Rate in Hyderabad for October 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    October 1 Rate Rs.5,274 per gram
    October 31 Rate Rs.5,193 per gram
    Highest Rate in October Rs.5,375 per gram on 17 October
    Lowest Rate in October Rs.5,096 per gram on 21 October
    Overall Performance Decline

    October 2020 - Week 1 & 2 (1 -11):

    • For the month of October, gold rate in Hyderabad opened at Rs.5,274 per gram on the first of the month and increased marginally to Rs.5,292 per gram by 5 October. However, on 6 October, the price of gold fell.
    • With constantly fluctuating prices, the gold rate was Rs.5,286 per gram on 7 October and decreased to Rs.5,237 per gram on 9 October as the value of the U.S. dollar recovered in the market.
    • On 10 October, the price of the metal increased marginally to Rs.5,283 per gram and was at its highest on the last day of the week on 11 October at Rs.5,325 per gram.

    October 2020 - Week 3 (12 - 18):

    • In Hyderabad, gold opened the week at Rs.5,326 per gram. Compared to the closing price of the previous week, there was a minimal increase in the rates.
    • The price of gold saw slight fluctuations in the city throughout the week. Gold recorded its highest and lowest price for the month till date on 17th and 18th October when a gram was retailed for Rs.5,375 and Rs.5,106 respectively.
    • The overall performance of gold price in Hyderabad witnessed a declining trend in the rates.

    October 2020 - Week 4 (19 - 25):

    • Gold rate in Hyderabad opened at Rs.5,107 per gram on 19 October and showed an inclining trend for the week, increasing to Rs.5,174 per gram on 20 October. The price of the metal fluctuated heavily following the trends in the international market.
    • On 21 October, gold prices dipped to Rs.5,096 per gram and by 23 October, the price of the metal had increased to Rs.5,150 per gram.
    • On 24 October, the price of the precious metal dipped as the value of the dollar recovered to Rs.5,139 per gram and closed the week at Rs.5,128 per gram on 25 October.

    October 2020 - Week 5 (26 - 31):

    • In Hyderabad, the price of gold at the start of the fifth week of October was Rs.5,152 per gram. The price of the yellow metal was up by Rs.24 when compared to the closing price of the previous week.
    • While the price of gold dropped the next day, it shot up to Rs.5,223 per gram on 28th October.
    • Gold rate in Hyderabad dropped to Rs.5,165 per gram on 30th October before increasing and closing the week at Rs.5,193 per gram. The overall performance of gold in Hyderabad witnessed a declining trend in the rates.

    Trend of Gold Rate in Hyderabad for September 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    September 1 Rate Rs.5,221 per gram
    September 30 Rate Rs.5,354 per gram
    Highest Rate in September Rs.5,408 per gram on 21 September
    Lowest Rate in September Rs.5,019 per gram on 26 September
    Overall Performance Incline

    September 2020 - Week 1 (1 - 6):

    • In Hyderabad, the price of gold opened at Rs.5,221 per gram on 1 September and had dipped by more than Rs.100 compared to its previous closing price due to the rising value of the dollar.
    • Gold price in Hyderabad hit its lowest on the following day at Rs.5,162 per gram and immediately on 3 September, the yellow metal hit its highest price at Rs.5,364 per gram as the value of the dollar dipped in the market.
    • On 6 September, the gold rate closed the first week of the month at Rs.5,332 per gram recording an overall incline for the week.

    September 2020 - Week 2 (7 - 13):

    • In Hyderabad, the price of gold was Rs.5,333 per gram on 7th September. There was an incline of Re.1 in the rates when compared to the closing price of the previous week.
    • Gold rates didn’t see a lot of fluctuations over the week. The precious metal recorded its highest price for the month till date on 11th September when a gram cost Rs.5,373.
    • Gold price in Hyderabad closed the second week of September at Rs.5,335 per gram. The overall performance of the yellow metal witnessed an inclining trend in the city.

    September 2020 - Week 3 (14 - 20):

    • The price of gold in Hyderabad at the start of the third week of September was Rs.5,336 per gram. Compared to the closing price of the previous week, there was a minimal increase of Re.1 in the rates.
    • Gold rates saw a lot of fluctuations in the city over the week. A gram of the precious metal was retailed for Rs.5,356 on 18th September.
    • Gold price in Hyderabad closed the week at Rs.5,407 per gram. This was the highest price of the yellow metal for the month till date. The overall performance witnessed an inclining trend in the city.

    September 2020 - Week 4 (21 - 27):

    • In Hyderabad, at Rs.5,408 per gram, gold rate opened the week on 21 September and showed an overall decline in its prices due to the rise in the dollar value in the international market. On 22 September, gold prices dipped to below the Rs.5,400 per gram mark at Rs.5,383 per gram.
    • On 24 September, the price of gold dipped below the Rs.5,300 per gram mark at Rs.5,248 per gram and further dipped to below the Rs.5,237 per gram on the following day.
    • Hitting the lowest price of the month at Rs.5,019 per gram, gold prices recovered marginally at the end of the week and closed at Rs.5,215 per gram on 27 September, recording an overall decline.

    September 2020 - Week 5 (28 - 30):

    • In Hyderabad, a gram of the 24-karat gold was priced Rs.5,216 per gram. The price of the yellow metal was up by Re.1 when compared to the price charged at the end of the previous week.
    • Gold price in Hyderabad recorded a decline on 29th September before recovering on the final day of the month and closing at Rs.5,354 per gram.
    • The overall performance of gold recorded an incline in the rates in the southern city of the country.

    Trend of Gold Rate in Hyderabad for August 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    August 1 Rate Rs.5,583 per gram
    August 31 Rate Rs.5,360 per gram
    Highest Rate in August Rs.5,914 per gram on 8 August
    Lowest Rate in August Rs.5,359 per gram on 30 August
    Overall Performance Decline

    August 2020 - Week 1 (1 - 9):

    • Gold rate in Hyderabad was Rs.5,583 per gram on 1 August and crossed the Rs.5,600 per gram on the following day. The price of the metal increased marginally through the following days.
    • On 6 August, gold prices increased to cross the Rs.5,800 per gram mark at Rs.5,830 per gram and hit a recording high at Rs.5,914 per gram on 8 August.
    • However, the metal’s price dropped marginally and closed the week at Rs.5,870 per gram on 9 August due to market trends.

    August 2020 - Week 2 (10 - 16):

    • Gold price in Hyderabad was Rs.5,871 per gram at the start of the second week of August. The price of the yellow metal was up by Re.1 when compared to the price charged on the final day of the previous week.
    • Over the next two days, gold rates slipped in the city and recorded its lowest price for the month till date on 12th August. A gram of the yellow metal cost Rs.5,468 on the mentioned date.
    • The rates improved gradually and closed the week at Rs.5,566 per gram. The metal’s overall performance in the city witnessed a declining trend.

    August 2020 - Week 3 (17 - 23):

    • Gold rate in Hyderabad was Rs.5,567 per gram on 17 August and dipped to Rs.5,533 per gram on the following day. The price of the metal increased to cross the Rs.5,637 per gram on 19 August.
    • On 20 August, the gold price decreased marginally to Rs.5,625 per gram and on the following day, the price of the metal dipped below the Rs.5,600 per gram mark to Rs.5,547 per gram.
    • The metal’s price remained steady on 21 August at Rs.5,547 per gram and dipped to close the week at Rs.5,507 per gram.

    August 2020 - Week 4 (24 - 31):

    • Gold price in Hyderabad at the start of the final week of August was Rs.5,508 per gram. The price of the yellow metal was up by Re.1 when compared to the price charged on the last day of the previous week.
    • Over the next three days, gold rates dipped in the city. While the rates increased on 28th August, it slipped again and recorded its lowest price for the month on 30th August with a gram of the costing Rs.5,359.
    • Gold rates closed the week at Rs.5,360 per gram. The metal’s overall performance in the city witnessed a declining trend in the rates.

    Trend of Gold Rate in Hyderabad for July 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    July 1 Rate Rs.5,049 per gram
    July 31 Rate Rs.5,561 per gram
    Highest Rate in July Rs.5,561 per gram on 31 July
    Lowest Rate in July Rs.5,049 per gram on 1 July
    Overall Performance Incline

    July 2020 - Week 1 (01 - 05):

    • Gold prices in Hyderabad opened the month of July at Rs.5,049 per gram on 1 July and showed an overall incline through the week. The price of the precious metal increased to hit its highest price in more than 7 years to Rs.5,096 per gram on 2 July due to the continuous surge in new COVID-19 cases in the United States of America which prompted investors to shift away from riskier assets and towards the bullion.
    • However, on 3 July, the price of the yellow metal dipped with positive data from the United States of America, prompting investors with higher risk appetite and shifting back to the equities market. The price of the metal was Rs.5,095 per gram and further dipped marginally to Rs.5,089 per gram on 4 July.
    • On the last day of the week, the value of gold dipped further as investors awaited on the updates of a possible vaccine for COVID-19 with little movement in the markets. On 5 July, the metal closed at Rs.5,085 per gram with an overall weekly incline.

    July 2020 - Week 2 (06 - 12):

    • The price of gold in Hyderabad opened the second week of July at Rs.5,086 per gram on 6 July and dipped marginally to Rs.5,072 per gram on 7 July. With the rise in COVID-19 cases all over the world, the value of the metal increased through the week despite constant fluctuations. The price of the metal dipped on 7 July due to an increased risk appetite amongst investors with the dollar value recovering in the market. On 8 July, the value of the metal dipped further to Rs.5,063 per gram as the risk appetite stayed amongst investors and focus shifted to the equities market.
    • However, on 9 July, as the number of fresh cases of COVID-19 increased in the United States of America and the country, the risk appetite dipped amongst investors and safe-haven demand for gold increased yet again, boosting the price of the yellow metal to Rs.5,100 per gram and increasing further to Rs.5,147 per gram on 10 July which was the highest price of the metal for the week.
    • The value of the metal showed a declining trend after hitting almost 8-year highs as investors speculating an economic recovery shifted focus to the equities market. The value of the metal dipped to Rs.5,121 per gram on 11 July and further dipped marginally to Rs.5,118 per gram on 12 July, closing the week at an overall incline in prices.

    July 2020 - Week 3 (13 - 19):

    • In Hyderabad, gold price was Rs.5,118 per gram on 13th July. There was no change in the rates when compared to the closing price of the previous week.
    • The price of gold fluctuated in the city over the next few days. A gram was retailed for Rs.5,139 on 17th July.
    • While the rates slipped by Rs.24 on 18th July, it recovered on the final day and closed the third week of July at Rs.5,133 per gram. Gold rate in Hyderabad witnessed an inclining trend over the week.

    July 2020 - Week 4 (20 - 26):

    • Gold price in Hyderabad at the start of the fourth week of July was Rs.5,134 per gram. There was an increase of Re.1 in the rates when compared to the price charged on the final day of the previous week.
    • The price of gold slipped in the city the following day before recovering gradually over the week. A gram of the 24-karat gold was retailed for Rs.5,251 on 24th July in Hyderabad.
    • Gold price closed the week at Rs.5,348 per gram, the highest for the month till date in the city. Over the week, the rates witnessed an inclining trend.

    July 2020 - Week 5 (27 - 31):

    • In Hyderabad, the price of gold opened the last week of the month at Rs.5,349 per gram on 27 July and had increased marginally compared to the previous week’s closing at Rs.5,348 per gram.
    • Gold rates increased through the week, crossing the Rs.5,400 per gram mark on 28 July and the Rs.5,500 per gram mark on 29 July due to the rising COVID-19 cases throughout the world.
    • At the end of the week, the metal hit its highest and closed at Rs.5,561 per gram on 31 July with an overall weekly incline.

    Trend of Gold Rate in Hyderabad for June 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    June 1 Rate Rs.4,917 per gram
    June 30 Rate Rs.5,067 per gram
    Highest Rate in June Rs.5,067 per gram on 30 June
    Lowest Rate in June Rs.4,837 per gram on 8 June
    Overall Performance Incline

    June 2020 - Week 1 (1 - 7):

    • The yellow metal opened the month of May at Rs.4,917 per gram in Hyderabad. There was an increase of Rs.19 in the rates when compared to what was charged on the final day of the previous month.
    • Gold recorded its highest price for the month till date on 2nd June when a gram was retailed for Rs.4,923 in the city. The jump in the rates was accounted to growing tensions between the United States of America and China, protests in major U.S. cities and investors seeking a hedge against the coronavirus-induced economic fallout.
    • There was a decline in gold rates following that as stocks jumped. While there was a recovery on 4th of June the rates dropped further as riskier assets made gains. The precious metal closed the opening week of the month at Rs.4,648 per gram, the lowest till date in June. The rates witnessed a declining trend over the week.

    June 2020 - Week 2 (8 - 15):

    • Gold opened the second week of the month in Hyderabad at Rs.4,837 per gram on 8 June and increased marginally to Rs.4,843 per gram on 9 June. The price of the metal showed an inclining trend throughout the week due to increased safe-haven demand of the metal amongst investors. With a rise in new COVID-19 cases in several countries and a dip in the dollar value in the international market, bullion value increased in the market. On 10 June, the yellow metal showed an incline in its prices at Rs.4,852 per gram with investors awaiting on the statement regarding the economic data of the U.S. from the United States Federal Reserve. The value of the metal showed a positive trend in the market almost hitting the Rs.4,900 per gram mark on 11 June at Rs.4,899 per gram.
    • On 12 June, the price of the metal crossed the Rs.4,900 per gram mark at Rs.4,951 per gram and held steady at the same value on 13 June. With the economic data projecting a negative trend of the economy due to COVID-19, the demand for the metal increased while risk appetite depleted. The price of the metal on 14 June was Rs.4,966 per gram due to investors staying away from riskier assets with the count of COVID-19 cases increasing with a second wave of the pandemic. Gold prices firmed on 15 June due to the value of the dollar rising in the market and closed at Rs.4,967 per gram.

    June 2020 - Week 3 (16 - 21):

    • A gram of the 24-karat gold was priced Rs.4,946 at the start of the third week of the month in Hyderabad. The rates slipped by Rs.21 when compared to the closing price of the previous week.
    • While the rates increased the next day, it slipped again on 18th June and cost Rs.4,962 per gram on. As concerns regarding a second wave of coronavirus infections dented hopes of a quick economic recovery, the rates climbed in the city over the last three days of the week.
    • Gold closed the week at Rs.5,028 per gram in the city. The closing price was the highest recorded price of the precious metal for the month of June till date. The overall performance of the metal witnessed an inclining trend in the rates.

    June 2020 - Week 4 (22 - 30):

    • The yellow metal was priced Rs.5,029 per gram in Hyderabad at the start of the final week of June. The rates saw a minimal increase in the rates compared to what was charged on the last day of the previous week.
    • Over the next four days, the rates of the precious metal witnessed slight fluctuations in the city. It was accounted to factors like investors opting for safe-haven assets, weakness in the US dollar, and investors selling off the precious metal along with other asset classes in order for cash given the increasing number of COVID – 19 cases.
    • In Hyderabad, gold closed the week at Rs.5,067 per gram, the highest recorded price for the month of June. The metal’s overall performance in the city witnessed an inclining trend in the rates.

    Trend of Gold Rate in Hyderabad for May 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    May 1 Rate Rs.4,670 per gram
    May 31 Rate Rs.4,898 per gram
    Highest Rate in May Rs.4,909 per gram on 26 May and 27 May
    Lowest Rate in May Rs.4,621 per gram from 2 May
    Overall Performance Decline

    May 2020 - Week 1 (1 - 9):

    • In Hyderabad, a gram of the 24-karat gold was priced at Rs.4,670 at the start of the opening week of May. Compared to the closing price of the previous week, the rate of gold slipped by Rs.50 for every gram in the city.
    • Gold price in Hyderabad slipped to its lowest in the city for the month to date on 2nd May with a gram costing Rs.4,621. The rate of the yellow shot up following that as the bullion’s safe-haven appeal was bolstered because of growing tensions between the United States of America and China.
    • The gold closed the opening week of May in Hyderabad at Rs.4,700 per gram. This was the highest recorded price of the gold for the month to date. Gold’s overall performance in the city witnessed an incline in the rates.

    May 2020 - Week 2 (10-16):

    • Opening the second week of the month at Rs.4,701 per gram on 10 May, gold rate in Hyderabad showed a positive trend throughout the week with investors focused on the bullion market with lower risk appetite and higher safe-haven appeal of the metal. With the number of fresh cases of COVID-19 increasing all over the world, the bullion market serves as safe-haven compared to riskier assets. On 11 May, the price of the metal increased marginally to Rs.4,702 per gram.
    • On 12 May, gold showed a rise in its prices to be priced at Rs.4,731 per gram with investors fearing the second wave of COVID-19 cases all over the world. With more stimulus packages being released by the central banks of various countries to help stabilise the economy, the value of gold was on the rise, increasing to Rs.4,740 per gram on 13 May. Gold price in Hyderabad kept the inclining trend going by increasing by Re.1 to Rs.4,741 per gram on 14 May.
    • The price of gold on 15 May had increased to Rs.4,776 per gram, rising by more than Rs.30 with the tensions between the United States of America and China increasing. With risk appetite amongst investors at a low, gold price in Hyderabad increased further to hit its highest of the week and the month at Rs.4,788 per gram on 16 May, ending the week at the same price.

    May 2020 - Week 3 (17 - 23):

    • Gold opened the third week of May at Rs.4,854 per gram in the city of Hyderabad. Compared to the previous week’s closing price, there was an increase of Rs.66 in the rates of the yellow metal.
    • The yellow metal recorded its highest price for the month till date on 21st May with a gram of the 24-karat gold costing Rs.4,905 in the city. The highest price was recorded after the rates witnessed an inclining trend since the start of the week as the rates of the yellow metal inched up supported by strained relations between Washington and Beijing and gloomy economic outlook.
    • The rates of gold slipped in Hyderabad on 22nd May as investors switched to the safety of cash given doubts of an economic recovery and growing trade tensions between the United States of America and China. The rates recorded a minimal increase on the final day of the penultimate week of May and closed at Rs.4,869 per gram. The overall performance of the yellow metal witnessed an inclining trend in the rates.

    May 2020 - Week 4 (24 - 31):

    • In Hyderabad, the price of the metal at the beginning of the fourth week of May was Rs.4,900 per gram on 24 May and increased marginally to Rs.4,901 per gram on 25 May. Constant fluctuations in price were seen in the last week of the month following socio-economic tensions rising between the United States of America and China along with riots in the United States affecting the global revival of the economy. On 26 May, the price of the metal increased marginally to Rs.4,909 per gram.
    • The price of the metal on 27 May was the same at Rs.4,909 per gram with gold prices dipping in the international market due to investors shifting to the equities market with hopes of a quicker recovery of the economy. However, the tensions between China and the U.S. supported gold prices preventing them from falling further. On 28 May, the price of gold was Rs.4,810 per gram, dipping by almost Rs.100. The price of the metal dipped drastically despite positive trends of the metal in the international market. The price of the metal on 29 May remained steady at Rs.4,810 per gram.
    • Gold prices showed an incline on 30 May at Rs.4,845 per gram with tensions between Beijing and Washington escalated. Investors shifted to the bullion market due to its safe-haven appeal and on the last day of the month, the metal closed the week at Rs.4,898 per gram on 31 May, recording an overall monthly incline in its prices.

    Trend of Gold Rate in Hyderabad for April 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    April 1 Rate Rs.4,150 per gram
    April 30 Rate Rs.4,720 per gram
    Highest Rate in April Rs.4,720 per gram on 30 April
    Lowest Rate in April Rs.4,150 per gram from 1 - 5 April
    Overall Performance Incline

    April 2020 - Week 1 (1 - 4):

    • Gold price remained steady in the city of Hyderabad in the first week of the month. Even though there were constant fluctuations in the international market regarding gold prices, the gold price held steady in the country. The gold rate recovered marginally after the previous month’s low prices with investors selling assets to hoard cash. At the beginning of April, the gold in the city was priced at Rs.4,150 per gram.
    • The rising dollar value in the United States of America had resulted in a dip in the gold prices. However, with investors awaiting the job data in the U.S., gold prices recovered marginally. As the job data from the country turned out to be poor amidst the growing effect of the virus, the poor job data helped recover the price of the metal in the international market.
    • At the end of the first week, the gold rate in Hyderabad was held steady and closed at Rs.4,150 per gram with no incline or decline in prices.

    April 2020 - Week 2 (5 -11):

    • Gold rate in Hyderabad stood at Rs.4,150 per gram on 5th April. There was no change in the rate of gold when compared to the closing price of the previous week. It was the lowest recorded price of the metal for the month of April till date.
    • A gram of gold was retailed for Rs.4,404 per gram in the city on 7th April. The increase in the prices was accounted to expectations of global stimulus measures to counter the economic damage caused by the outbreak of the novel coronavirus.
    • While gold price in Hyderabad had a dip on 9th April, the rates increased gradually over the last few days of the week. Gold recorded its highest price for the month on 11th April with a gram costing Rs.4,423. The increase in the prices was accounted to safe-haven buying ahead of a long weekend and a crucial OPEC meeting.

    April 2020 - Week 3 (12 - 18):

    • Gold price in Hyderabad opened the month at Rs.4,150 per gram and showed an inclining trend. Opening the third week of the month at Rs.4,401 per gram on 12 April, the price of the metal showed a positive trend throughout the week. This was majorly due to investors shifting to the bullion department for its safe-haven appeal.
    • On 14 April, gold rate in Hyderabad increased substantially at Rs.4,451 per gram and increasing further to Rs.4,456 per gram with investors shifting to the bullion market after speculations reoccurring of a possible recession in the market. On 15 April, the price of the metal increased further to be priced at Rs.4,566 per gram even though in the international market the value of the metal dropped after investors started booking profits.
    • The price of gold on 16 April was Rs.4,577 per gram and soon it hit the highest price of the month at Rs.4,598 per gram on 17 April. The rise in prices was due to constant fears of recession and the value of the metal in the international market dropped due to various measures taken by the central banks to counteract the virus. However, at the end of the week, gold price in Hyderabad dropped to a great extent to Rs.4,430 per gram on 18 April, closing at the same rate after President Donal Trump announced measures to be taken to restart the economy in the United States of America.

    April 2020 - Week 4 (19 - 25):

    • Gold opened the week at Rs.4,421 per gram in Hyderabad. The rates were down by Rs.9 for every gram when compared to the closing price of the previous week. The overall performance of the metal witnessed an inclining trend in the city over the week.
    • The rate of gold slipped in the city after recording a minimal increase the following day. The decline in the prices was accounted to a stronger dollar and dash for cash following a historic rout in U.S. crude oil prices. A gram of the 24-karat gold was retailed for Rs.4,411 in the city on 22nd April.
    • Gold price increased in the city over the last three days of the week. It was accounted to expectation of more stimulus from central banks to limit the economic damage caused due to the outbreak of the coronavirus pandemic. The increase in the prices saw the gold closed the penultimate week in Hyderabad at Rs.4,582 per gram.

    April 2020 - Week 5 (26 - 30):

    • Gold rate in Hyderabad opened at Rs.4,593 per gram on 26 April. The price of gold fluctuated throughout the last week of the month due to various factors affecting the price of the metal in the international market. The price of the metal on 27 April increased to Rs.4,700 per gram even though the price of the metal dipped in the international market.
    • Gold rate on 28 April, dipped marginally to Rs.4,691 per gram and recovered on 29 April at Rs.4,701 per gram. The gold price in the international market had dipped due to profit-taking with the higher price of gold.
    • On the last day of the month, gold hit its highest price of the week and the month at Rs.4,720 per gram on 30 April. Gold was headed to hit its highest in 4 years given that central banks all over the world had released stimulus packages to help the economy. Overall, the metal recorded an incline in the month of April.

    Trend of Gold Rate in Hyderabad for March 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    March 1 Rate Rs.4,185 per gram
    March 31 Rate Rs.4,150 per gram
    Highest Rate in March Rs.4,443 per gram on 6 March
    Lowest Rate in March Rs.4,026 per gram on 19 March
    Overall Performance Decline

    March 2020 - Week 1 (01 - 07):

    • Gold opened the first week of March at Rs.4,185 per gram in Hyderabad. The gold prices remained steady compared to the previous month’s closing price. The gold was said to hit its highest price in 7 years due to its safe-haven appeal amidst rising tensions in the economy due to the adverse effect of Coronavirus on the economy. The price of the gold on 2 March had increased marginally to Rs.4,198 per gram on hopes of a potential rate cut by the Federal Reserve in the United States of America.
    • After the metal’s worst one-day fall in the last week of February due to extensive profit booking amongst investors, gold prices were set to hit new records in the first week of March. With the fears of Coronavirus increasing with its effect on the economy, gold prices had increased to Rs.4,215 per gram on 3 March, further increasing by more than Rs.100 to Rs.4,361 per gram on 4 March. This was majorly due to the United States Federal Reserve cutting down interest rates to support the economy.
    • On 5 March, the gold prices had dipped marginally to Rs.4,343 per gram despite positive global trends due to the decreased local demand amidst the wedding season in the country. However, the gold bounced back on 6 March by increasing to Rs.4,443 per gram as investors shifted to the bullion market due to its increasing safe-haven demand. The metal closed the first week of the month at Rs.4,417 per gram on 7 March.

    March 2020 - Week 2 (8 - 14):

    • In Hyderabad, gold opened the second week of March at Rs.4,417 per gram. The metal’s price remained steady when compared to the closing price of the previous week. Even though, gold prices jumped past the $1,700 per ounce level for the first time since late 2012 on 9 March, the rates slipped in Hyderabad with every gram of the 24-karat gold costing Rs.4,408.
    • The rates of the yellow metal jumped to Rs.4,427 per gram on 10 March as risk sentiment improved and the dollar firmed on expected global support measures to allay the economic impact due to coronavirus.
    • Gold prices were on the downward curve following that as fears over the economic toll of the coronavirus outweighed an uptick in equity markets following an interest rate cut from the Bank of England. The United States announcing a travel ban from virus-hit Europe also played its part in the decline of the prices.
    • The yellow metal closed the week at Rs.4,131 per gram in Hyderabad. This was the lowest price of gold for the month of March till date. The overall performance of the precious metal in the city showed a declining trend in the prices.

    March 2020 - Week 3 (15 - 21):

    • Gold prices in Hyderabad opened the third week of March at Rs.4,131 per gram on 15 March and with the United States Federal Reserve’s decision to cut down the repo rates, the price of the gold metal increased to Rs.4,160 per gram on 16 March. However, the gold price dipped to Rs.4,064 per gram on 17 March as the rate cut did not make the difference it was intended to. Investors hoarded for liquidity and sold their assets to gear up for the lockdowns by the countries due to the virus.
    • The rate of the gold in the city increased marginally to Rs.4,136 per gram on 18 March due to the aftereffect of the rate cut by the United States Federal Reserve. However, the gold rate hit its lowest on 19 March on the day the European Central Bank stated that there will be adequate measures to be taken to combat the virus and its effect on the economy. However, with palladium hitting its lowest price in 18 years, gold prices fell drastically too.
    • The gold prices increased marginally to Rs.4,104 per gram on 20 March with the ECB taking the measures to help mitigate the losses from the virus in the economy. With minimalised safe-haven demand, the price of the gold increased at the end of the week and closed at Rs.4,161 per gram on 21 March.

    March 2020 - Week 4 (22 - 31):

    • Gold prices in Hyderabad opened the fourth week of March at Rs.4,164 per gram. There was no change in the rates of the yellow metal when compared to the closing price of the previous week.
    • The rates slipped the next day as some investors booked profits after prices hit a two-week high in the last session amid hopes for further stimulus to curb the coronavirus economic toll.
    • The drop in the prices continued the next day before remaining stagnant until the end of the week as the government imposed a 21-day lockdown in a bid to contain the spread of the deadly virus which has engulfed many countries across the world. The rates closed the week at Rs.4,150 per gram in Hyderabad. The overall performance showed a declining trend in the prices.

    Trend of Gold Rate in Hyderabad for February 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    1st February Rate Rs.4,077 per gram
    29th February Rate Rs.4,185 per gram
    Highest Rate in February Rs.4,305 per gram on 24 February
    Lowest Rate in February Rs.4,030 per gram on 6 February
    Overall Performance Incline

    February 2020 - Week 1 (1 - 9):

    • Opening the first week of the month, gold prices in Hyderabad was Rs.4,077 per gram with a marginal rise in prices compared to the previous week. Gold held on to its positive trend as demand increased due to safe-haven appeal amidst fears of the Coronavirus.
    • On 4 February, the price of the gold dipped marginally to Rs.4,071 per gram and decreased further for the next two days. This was majorly due to China taking measures to counteract the impact of the virus on the economy of the country. Amidst the fears of the virus, talks of a possible vaccine to treat the virus also provided a boost to the economy temporarily. On 6 February, the price of gold hit its lowest weekly price at Rs.4,030 per gram.
    • On 7 February, gold prices recovered marginally to Rs.4,059 per gram and increased to Rs.4,093 per gram on renewed fears of the Coronavirus as the number of people affected increased along with a greater number of deaths. Investors shifted to the bullion market for their investments due to increased safe-haven appeal.

    February 2020 - Week 2 (10 - 16):

    • In Hyderabad, gold rate opened the second week of February at Rs.4,079 per gram. The rates dropped by Rs.14 for every gram when compared to the closing price of the previous week.
    • With investors’ risk appetite increasing following reports of a decline in confirmed new coronavirus cases, the rates slipped in the city. Gold was priced at Rs.4,057 per gram on 12 February.
    • The rates closed the week at Rs.4,120 per gram after the prices increased in the latter half of the week given the sudden increase in the number of deaths and infections due to coronavirus in China. Gold witnessed an incline in the prices over the week in Hyderabad.

    February 2020 - Week 3 (17 - 23):

    • In Hyderabad, gold opened the second week of February at Rs.4,079 per gram. The rates dropped by Rs.14 for every gram when compared to the closing price of the previous week.
    • With investors’ risk appetite increasing following reports of a decline in confirmed new coronavirus cases, the rates slipped in the city. Gold was priced at Rs.4,057 per gram on 12 February.
    • The rates closed the week at Rs.4,120 per gram after the prices increased in the latter half of the week given the sudden increase in the number of deaths and infections due to coronavirus in China. Gold witnessed an incline in the prices over the week in Hyderabad.

    February 2020 - Week 4 (24 to 29):

    • Gold opened the fourth week of February at Rs.4,305 per gram in the city of Hyderabad. This was the highest recorded price of the metal over the month of February. Compared to the previous month’s closing price, the rates increased by Rs.29 for every gram of the 24-karat gold.
    • The rates of the yellow metal slipped over the next two days and cost Rs.4,262 per gram in Hyderabad. With investors seeking refuge in safe-haven assets following a U.S. warning of an inevitable pandemic, the rates jumped to Rs.4,286 per gram on 27 February.
    • The rates closed the week at Rs.4,185 per gram after the prices dropped following that as worries intensified that the rapidly spreading coronavirus could turn into a pandemic and derail global economic growth.

    Trend of Gold Rate in Hyderabad for January 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    January 1 Rate Rs.3,922 per gram
    January 31 Rate Rs.4,074 per gram
    Highest Rate in January Rs.4,125 per gram on 8 January
    Lowest Rate in January Rs.3,919 per gram on 2 January
    Overall Performance Incline

    January 2020- Week 1 (01 - 05):

    • In Hyderabad, gold prices opened the month of January at Rs.3,922 per gram which was marginally lower than the closing price of December at Rs.3,925 per gram. However, in the first week of the month gold prices showed an inclining trend almost hitting the highest prices in 7 years.
    • The price of the metal after decreasing marginally to Rs.3,919 per gram on 2 January, increased to Rs.3,983 per gram on 3 January due to a fall in the value of the dollar. As the stock markets were hit, investors looked to the bullion for safe-haven appeal.
    • On 4 January, gold prices increased even further to Rs.4,024 per gram due to escalating tensions in the Middle East after President Trump’s drone strike on Iran which killed their army commander. Gold closed the first week of the decade at Rs.4,024 per gram.

    January 2020- Week 2(06 - 12):

    • Hyderabad saw a declining trend in gold prices in the second week of the month at Rs.4,091 per gram. The precious metal’s prices dipped marginally on 7 January to Rs.4,035 per gram due to speculations on the ongoing tension between Iran and the United States of America.
    • However, the price of the metal increased to hit its highest price in the month till date on 8 January. At Rs.4,125 per gram, gold prices were at monthly high as investors awaited on further developments on U.S. retaliation to the attack by Iran on the United States army camp. United States President Donald Trump then decided to ease the tensions rather than escalating them further.
    • On 10 January, on positive market trends, gold prices dipped to Rs.3,983 per gram, close to the lowest price in the month. Investors shifted from the bullion to the market due to increased risk appetite. On 12 January, the yellow metal recovered marginally and closed the week at Rs.4,011 per gram.

    January 2020- Week 3(13 - 19):

    • Hyderabad saw an inclining trend in gold prices in the third week of the month at Rs.3,991 per gram. The precious metal’s prices dipped marginally when compared to its previous week’s closing price. This was majorly due to investors shifting to the stock market with an increased risk appetite amidst the trade deal being signed between the U.S. and China.
    • The price of the yellow metal fluctuated heavily with minor inclines and declines in the next two days of the week. After dipping to Rs.3,952 per gram on 14 January, gold prices increased to Rs.3,991 per gram on 15 January. This was due to the speculation by investors on the unresolved issues in the trade deal.
    • On 17 January, the price of the metal increased to Rs.3,999 per gram and increased to Rs.4,019 per gram on 18 January as geopolitical tensions grew in the Middle East with a drone and an army strike in Yemen killed more than 100 soldiers. The price of the metal increased due to an increase in safe-haven appeal amongst investors. The metal closed at the same price on 19 January.

    January 2020- Week 4 (20 - 26):

    • Consumers residing in Hyderabad were required to pay Rs.4,011 for every gram of gold at the start of the fourth week of January. Compared to the previous’ week closing price, the rates of the yellow metal dropped by Rs.8 for every gram.
    • The rates witnessed sharp increase and decrease over the next two days. While the increase was accounted to investors seeking refuge in the safe-haven metal rates, the decline in the prices was due to investors assessing the risk of coronavirus becoming a global epidemic.
    • Over the remaining days of the week, gold prices showed minor jump despite concerns regarding the outbreak of the deadly coronavirus in China and growing tensions in the Middle East. Gold closed the week at Rs.4,055 per gram in Hyderabad.

    January 2020- Week 5 (27 - 31):

    • Opening the fifth week of the month, gold prices in Hyderabad was Rs.4,070 per gram with a marginal rise in prices compared to the previous week. Gold held on to its positive trend in demand and prices as fears of the Coronavirus spread through the world with many more cases and deaths being reported.
    • Investors shifted to the bullion as fears rose due to the outbreak along with waiting on developments on the rate cuts by the United States Federal Reserve. The price of the metal decreased on 28 January to Rs.4,066 per gram and then to hit its lowest weekly price at Rs.4,030 per gram on 29 January.
    • This was majorly due to positive data of manufacturing in China which resulted in the dip in gold prices. However, the effect of the data did not last long due to the fear of the virus outbreak. The price of the metal increased and closed the month at Rs.4,074 per gram.

    Also Check Gold Price in Metro Cities

    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.

    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 as an Investment in Hyderabad

    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.

    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).

    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.

    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.

    Buying gold and gold jewellery in Hyderabad

    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.

    How is gold imported into Hyderabad?

    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 gold rates: How are they decided

    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.

    Taxes on Gold

    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.

    FAQs on Gold Rate in for Hyderabad

    1. Which gold rate in Hyderabad is more - 18 karat, 22 karat, or 24 karat?

      Ans: The higher the karat is, the purer the gold will be, which will make 24 karat more expensive than 22 karat or 18 karat gold.

    2. What factors determine gold rate in Hyderabad?

      Ans: The factors that determine gold rate in Hyderabad are many, ranging from local and global economic factors that affect the gold tariff rates as well as gold interest rates.

    3. What would be the best time to sell gold in Hyderabad?

      Ans: The best time to sell gold in Hyderabad is when the gold rate in Hyderabad is at its highest. It will help to keep track of the trends in gold rates for this, either by tracking gold prices in Hyderabad online or offline.

    4. What is the best time to buy gold in Hyderabad?

      Ans: If you have decided to buy gold in Hyderabad, the best time to do it would be when gold rates in Hyderabad are high. This will be driven by market factors so it is important to keep an eye on the latest news and trends in order to know when prices slump or increase. You can find out the current gold prices offline or online.

    5. What should you keep in mind when buying gold in Hyderabad?

      Ans: When buying gold, you should ensure that it is from a reputed seller, has the certificate of purity and quality, the correct bill, and that it is of good quality gold, either of 22 karat or 24 karat, which will depend on your budget.

    Also Check Gold Price in NearBy Cities of Hyderabad

    Also Check Petrol Price and Diesel Price in Hyderabad

    Read more on Gold

    News About Hyderabad Gold Rate

    • Gold prices increase by Rs.1,400 per 10 gram in one week

      On the MCX, gold futures had been up 0.21% (Rs.98) and reached Rs.47,378 per 10 gram. Silver futures had also increased by 0.34% (Rs.215) and reached Rs.63,441 per kg.

      In the spot market, highest purity gold had been sold at Rs.47,583 per 10 gram and silver was priced at Rs.63,936 per kg.

      19 August 2021

    • Gold trades lower at Rs.48,550 per kg on 16 July 2021

      On the Multi-Commodity Exchange (MCX), support for gold was at Rs.48,100-Rs.47,920 while resistance was at Rs.48,550-Rs.48,720. Silver had support at Rs.68,900-Rs.68,500 while resistance was at Rs.69,900-Rs.70,300. gold contracts of August traded 0.06% lower to settle at Rs.48,269 for 10 grams while the September silver futures traded 0.16% higher to settle at Rs.69,520 a kilogram. Global spot gold prices remained constant at $1,824.81 per ounce.

      16 July 2021

    • Gold price falls

      Prices of gold today at Multi Commodity Exchange (MCX) decreased below Rs.47,000 per 10 gm levels. This has caused a drop in the price of gold across various cities in India including Hyderabad. Gold prices slipped Rs.50 per 10 gm after remaining unchanged for the last three days. Today, the price of 24 carat gold in Hyderabad is Rs.48,550 per 10 gm while 22 carat gold cost is Rs.44,660 per 10 gm.

      Around 15 days ago, price of gold in Hyderabad was Rs.50,400.

      30 June 2021

    • Gold rate slips in Hyderabad

      Following revision of gold price in the international market, the price of yellow metal slipped in Hyderabad. 10 grams of 24-karat gold was priced at Rs.50,050 while the price charged for 10 grams of 22-karat gold was Rs.46,050. Compared to yesterday’s rate, the rate of 24-karat gold and 22-karat gold was down by Rs.350 each for every 10 grams. Gold price in the international market is facing hurdle at $1900 per ounce levels. It needs to be mentioned here that gold price at the Multi Commodity Exchange (MCX) has opened lower today and was at Rs.48,565, support was seen at Rs.48,300.

      14 June 2021

    • Gold trades flat on Tuesday

      On Tuesday, India Gold MCX August futures contracts traded flat following muted trend seen in the international spot price. On the Multi-Commodity Exchange (MCX), August gold contracts were trading at Rs.49,130 per 10 grams after slipping by 0.03 percent. The yellow metal had extended gains on Monday ahead of US inflation data. In the global market, Gold August futures contract were below the mark of $1,900 per ounce. On Monday, it had settled at $1,898.80 per troy ounce. On the MCX, July silver futures were trading at 0.28 percent lower and a kilogram cost Rs.71,619. It had settled at $28.02 per troy ounce.

      8 June 2021

    • Gold prices fall on 20 May after hitting a three-month high

      Tracking the international markets, gold prices in India fell on 20 May 2021. Gold futures prices on MCX fell by 0.32% and were at Rs.48,520 for 10 grams. In the previous session, gold prices hit a three-month high and were at Rs.48,700 per 10 grams. In the global markets, the prices of the yellow market traded flat and were at $1,869.50 for an ounce. On 19 May 2021, gold prices hit a three-month high and were at $1,889.75 for an ounce. The increase in the number of coronavirus cases has ensured that gold is a safe haven.

      21 May 2021

    • Gold trades higher and the buy target is Rs.47,850

      On the Multi-Commodity Exchange (MCX), the gold contracts for June had been trading higher by 0.11% and reached Rs.47,584 for 10 grams. The silver futures for May had been trading 0.02% higher and reached Rs.68,730 a kilogram.

      On Friday, the gold and silver rates had settled on a weaker note. Gold June futures contract had been at $1,776.75 per troy ounce, and down by 0.29%. Silver May futures contract had been settled at $26.04 per troy ounce, and were down by 0.54%.

      27 April 2021

    • Gold prices find support at lower levels

      Gold prices were trading higher with a marginal inclining trend seen in the domestic market despite a weaker trend seen in the international market. On the Multi Commodity Exchange, gold prices for June were trading marginally higher by 0.09% at Rs.46,637 per 10 grams. However, silver futures for May delivery was trading lower by 0.08% at Rs.66,927 per kg.

      Gold prices were supported by a stronger selling in the equities market in India and the rising COVID-19 cases in the country as the government added fresh restrictions for many states.

      In the international market, gold prices saw some support at $1,728 - $1,714 per ounce levels and resistance were seen at the $1,758 - $1,770 per ounce level. COMEX gold was trading lower near the $1,740 per ounce level after dipping by 0.8%.

      12 April 2021

    • April gold futures on MCX trading lower

      On 23 March 2021, on the Indian Multi Commodity Exchange, April futures for gold traded lower in keeping with spot prices of gold internationally. Gold contracts for April traded 0.20% lower at Rs 44,815 for 10 grams. Silver futures for the month of May traded 0.46% lower to settle at Rs.66,024 per kilogram.

      24 March 2021

    • Yellow metal gains, Silver May futures rise over 1%

      India Gold prices grew on Monday thanks to a positive trend seen in the prices of international spot gold. Silver May futures grew by 1%.

      On the Multi-Commodity Exchange (MCX), April gold contracts grew by 0.11% at Rs.44,730 for 10 grams. May silver futures rose 1.3% at Rs 66,473 a kilogram.

      9 March 2021

    • Gold prices recover

      The prices of gold In the international markets, recovered from two week low after the US Treasury yield saw a considerable drop. The US Treasury yield was seen to be rising due to inflation as global central banks are looking to open the liquidity tap to fuel the recovery post the pandemic.

      However, the price of the precious metal has also been rising due to the strength of dollar. There is a possibility of inflation beginning to grow higher in the US as prices continued to rise since 2009.

      Prices of spot gold rose 0.1% at $1,777.06 per ounce. U.S. gold futures grew 0.3% to $1,777.40.

      19 February 2021

    • Lower import duties result in rise in demand for gold and silver

      During the Union Budget 2021, the Finance Minister lowered the import duties of gold and silver which led to a rise in demand for the metals. The demand for gold had dipped by 35% in 2020 which was the lowest since 1994.

      9 February 2021

    • Gold trades higher and we may see resistance at Rs.49,580

      On the Multi-Commodity Exchange, the gold future contracts for February had been trading higher by 0.70% and reached Rs.49,387 for 10 grams. The silver future contracts for March had been trading 0.55% higher an reached Rs.66,266 per kilogram. A lot of analysts have said that the yellow metal will retain its strength and can also face pressure near Rs.49,580 and support will be seen at Rs.48,660 per 10 gram. The gold futures contract for February had settled at $1844.20 per troy ounce and the silver future contracts for March had settled at $25.44 per troy ounce. In the domestic market, the gold futures contract for February had settled at Rs.49,045 per 10 gram and the silver future contracts for March had settled at Rs.65,906 per one kilogram.

      19 January 2021

    • Gold traded with positive bias, and could retest at Rs.50,000

      On the Multi-Commodity Exchange, the gold contracts for February had traded higher by 0.37% and reached Rs.49,782 per 10 gram. The silver futures for March had traded at 1.1% higher and reached Rs.66,665 a kilogram. Gold and silver surged amidst the weakness in the U.S. dollar index. The gold futures contracts for February had settled at $1,859.10 a troy ounce. The silver futures for March had reached $25.05 a troy ounce.

      17 December 2020

    • Gold Rates Reach Highest Monthly Drop

      Spot gold prices had reduced by 1.2% and reached $1,766.26 per ounce. This had taken the monthly worth for gold down by 6%. This is the largest monthly drop since November 2016. The silver rates had reduced 3.2% to $21.96 per ounce.

      2 December 2020

    • Gold rate recover marginally; struggles after a substantial decline

      Gold and silver prices were stagnant after recording a fall in its previous session. On the Multi Commodity Exchange, gold futures increased marginally by 0.16% to Rs.50,845 per 10 grams. Silver futures, on the other hand, dipped by 0.1% to Rs.62,551 per kg.

      In the previous session, gold prices had dipped by 1.11% and silver, by 1.5%. Gold prices in the international market showed a muted trend as investors awaited the development of the U.S. stimulus package.

      Spot gold in the international market had increased by 0.1% to $1.905.65 per ounce and silver prices dipped by 0.8% to $24.56 per ounce.

      27 October 2020

    • Gold prices today fall for first time in 3 days, silver rates drop sharply

      Prices of gold and silver prices edged lower in Indian markets. December gold futures on MCX dropped 0.55% at Rs.50,826 per 10 gram while silver futures slipped 1.2% to Rs.62,343 per kg. Both gold and silver had earlier grown previously, rising 0.55% and 0.26% respectively. In global markets, prices of gold today dropped but losses were capped due to concerns over rising coronavirus cases.

      Spot gold fell 0.1% to $1,919.51 per ounce. For other precious metals, silver dropped 0.4% to $25.02 per ounce while platinum remained flat at $873.46.

      The dollar index rose 0.09% against rivals, making gold costlier for other currency holders.

      The recent gains in gold caused some ETF-related buying.

      13 October 2020

    • Gold prices weak with support at Rs.48,800

      On 28 September, October futures of gold fell, with resistance around the Rs.50,000 price range butu support seen at the Rs.48,800 to Rs.48,500 price range. On the Multi-Commodity Exchange (MCX), gold contracts in October at Rs 49,560 per 10 gram which was 0.2% lower. Silver futures for December traded at Rs.59,027 per kg which was 1% lower. Following gains of the US dollar and speculation around further support from the US Federal Reserve in the form of a stimulus package, gold and silver prices decreased considerably. The prices of gold prices crashed by 4.78% at the Comex division to settle at $1,864.15 per troy ounce. Silver too slipped to settle at $22.97 per troy ounce at Comex division which was a slip of 14.84%. In India, the price of gold for 10 gram was Rs.49,659. There was a weekly loss of nearly 4%. Silver was priced at Rs.59,027 per kg. There was a weekly loss exceeding 13%.

      29 September 2020

    • Gold and silver rates drop due to international trends

      Gold and silver prices fell in the market due to weaker global trends of the precious metals. On the Multi Commodity Exchange, gold futures dropped by 1.01% to Rs.51,250 per 10 grams and silver futures dropped to Rs.67,711 per kg, dipping by 1.86% on 11 September 2020.

      Gold futures were trading Rs.5,000 lower than its lifetime high at Rs.56,191 per 10 grams on 7 August. Silver futures dropped by 1.46% to Rs.67,985 per kg. The white metal had previously hit its all-time high on 7 August at Rs.77,949 per kg.

      24-karat gold in New Delhi was Rs.54,830 per 10 grams and in Chennai was Rs.53,730 per 10 grams. In Mumbai, 24-karat gold was priced at Rs.50,500 per 10 grams. Silver prices in Chennai were Rs.68,000 per kg.

      In the international market, gold prices dropped marginally to $1,942 per ounce and silver prices dipped as well to $26.76 per ounce.

      17 September 2020

    • Gold price increases to cross the Rs.52,500 per 10-gram mark

      Gold prices in Delhi increased by Rs.418 to Rs.52,963 per 10 grams after the metal gained in the international market. The metal had closed at Rs.52,545 per 10 grams in the previous session. Silver prices jumped by more than Rs.2,000 to Rs.72,793 per kg compared to its previous closing price at Rs.70,547 per kg.

      Spot gold prices were higher due to international prices, according to sources. However, a stronger rupee capped the gains of the metal in the national market. The rupee gained by 73 paise against the U.S. dollar.

      In the global market, gold was priced at $1,988 per ounce and silver was priced at $28.77 per ounce.

      2 September 2020

    • Gold rate increases in the market; trade higher by 0.33%

      Gold prices were trading high on 18 August following international trends after the value of the U.S. dollar weakened in the market. On the Multi Commodity Exchange, gold contracts for October were trading higher by 0.33% at Rs.53,449 per 10 grams. Silver futures for September delivery also was higher by 1.2% at Rs.70,029 per kg.

      Spot gold in the international market edged $1,987.51 per ounce. The value of the U.S. dollar was down after trading at a one-week low. On the Multi Commodity Exchange, gold prices settled at Rs.53,260 per 10 grams with a gain of 1.98%. Silver prices increased by 2.59% at Rs.68,912 per kg.

      Comex gold was trading higher, close to the $2,000 per ounce level after a gain of 2.5%.

      21 August 2020

    • Prices of gold remain firm in India on 3 August 2020

      Tracking prices in the international markets, gold rates in India traded higher on 3 August 2020. The prices of gold increased due to a weak US dollar and the fears for the global economy due to the increase in the number of coronavirus cases. Gold futures prices for the month of October on MCX increased by 0.07% and are at Rs.53,485 for 10 grams. In the international markets, the prices of spot gold increased and were at $1,976.47 for an ounce. Last week, spot gold prices hit record highs and were at $1,984.66 for an ounce. Last week, gold prices in India, as well as the global markets, hit record highs. On MCX, gold futures prices for the month of October increased by around 5.50%. According to various experts, gold prices have been supported due to the coronavirus outbreak and the various measures that have been introduced by central banks and governments all over the world.

      3 August 2020

    • Prices of gold reduce in India for the third consecutive day on 3 July 2020

      A strong rupee and the improvement for riskier assets ensured that the prices of gold reduced in India for the third day in a row. Gold futures prices on MCX fell by 0.2% and are at Rs.48,171 for 10 grams.

      Earlier in the week, the prices of gold hit record highs and were at Rs.48,982 for 10 grams. According to a Research Analyst at Anand Rathi Share & Stock Brokers, the prices of gold have fallen because of the hopes of a coronavirus vaccine and the US jobs data being strong. The prices of gold in the global markets decreased after the better than expected US jobs data pushed investors towards riskier assets. Spot gold prices decreased by 0.1% and are at $1,773.13 for an ounce. Gold futures prices in the US fell by 0.3% and are at $1,785.60 for an ounce. There was a cap in the losses as investors were worried about the increase in the number of coronavirus cases and the tensions between China and the US. Earlier this week, gold prices hit an eight-year high and were at $1,788.96 for an ounce. According to not provided by Kotak Securities, there has been support for gold because of expectations that governments and central banks will introduce stimulus measures to help the economy. During times of financial and political uncertainties, gold is considered as a safe haven.

      3 July 2020

    • Prices of gold fall for the second consecutive day after hitting record highs

      Gold prices in India reduced for the second day in a row after hitting record highs. Gold futures prices on MCX reduced by 0.12% and are at Rs.48,074 for 10 grams.

      In the previous session, the prices of gold fell by 0.2%. Earlier, gold rates hit record highs and were at Rs.48,589 for 10 grams. However, the yellow metal was unable to sustain the gains. In the international markets, the prices of gold increased due to the increase in the number of coronavirus cases. The increase in the cases has led to worries that the economy may take longer to recover. Spot gold prices increased by 0.2% and are at $1,764.20 for an ounce. In the previous session, spot gold prices hit an eight-year high and were at $1,779.06 for an ounce. In the case of any financial and political uncertainties, investors move towards the yellow metal. Gold is also considered a safe haven against currency debasement and inflation. In the global markets, the prices of gold have increased by 16% this year due to the various interest rate cuts and the several measures introduced by Central Banks to help the economy. The number of coronavirus cases all over the world has crossed the 94 lakh mark and the death toll is at 4.82 lakh.

      25 June 2020

    • Domestic gold futures slip to Rs.46,600

      Gold futures today slipped to Rs.46,600 for every 10 grams after tracking weakness in global rates. The rates dropped by Rs.196 or 0.42 percent compared to their previous close of Rs.46,796. In the international market, the rates of the yellow metal extended losses as equities jumped to a three-month high on optimism over global economic recovery. Spot gold was trading at $1,718.26 for every ounce after slipping by 0.5 percent.

      Gold jewellery rates vary in different parts of India due to factors like excise duty, state taxes, and making charges. It must be noted here that the country is the second largest consumer of the precious metal.

      3 June 2020

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