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  • Gold Rate In Hyderabad Today

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    18 Nov 2017 ₹ 2,835 ₹ 22,680 ₹ 3,030 ₹ 24,240
    17 Nov 2017 ₹ 2,804 ₹ 22,432 ₹ 2,999 ₹ 23,992
    16 Nov 2017 ₹ 2,823 ₹ 22,584 ₹ 3,018 ₹ 24,144
    15 Nov 2017 ₹ 2,823 ₹ 22,584 ₹ 3,018 ₹ 24,144
    14 Nov 2017 ₹ 2,817 ₹ 22,536 ₹ 3,012 ₹ 24,096
    13 Nov 2017 ₹ 2,812 ₹ 22,496 ₹ 3,007 ₹ 24,056
    12 Nov 2017 ₹ 2,820 ₹ 22,560 ₹ 3,015 ₹ 24,120
    11 Nov 2017 ₹ 2,820 ₹ 22,560 ₹ 3,015 ₹ 24,120
    10 Nov 2017 ₹ 2,820 ₹ 22,560 ₹ 3,015 ₹ 24,120
    09 Nov 2017 ₹ 2,810 ₹ 22,480 ₹ 3,005 ₹ 24,040

    *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 in October 2017 Gold price in Hyderabad in September 2017 Gold price in Hyderabad in August 2017

    Gold Price in Hyderabad

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

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

    Trend of Gold Rate in Hyderabad for November 2017 (rates per gram for 24 karat gold)

    November 2017 - Week 1 (1st - 5th)

    • In Hyderabad, gold started off on a somber note before improving briefly as the week progressed.
    • On the 1st of November, gold in Hyderabad was priced at Rs.2,974 per gram.
    • A considerable surge in local demand saw gold rate in Hyderabad rise to Rs.2,987 per gram on the 2nd of the month.
    • However, as the weak overseas trend weighed in on the local scenario, gold rates dropped to Rs.2,983 per gram on the 3rd of November.
    • Over the final two days, gold price in Hyderabad were recorded at Rs.2,977 per gram.

    Trend of Gold Rate in Hyderabad for October 2017 (rates per gram for 24 karat gold)

    Comparison for 24 K Gold Rates for Hyderabad September'17
    Parameters Gold price (24 karat)
    Gold Rate on 1st October 2017 Rs.3,040 per gram
    Gold Rate on 31st October 2017 Rs.2,996 per gram
    Highest Rate in October 2017 Rs.3,059 per gram on 14 and 15 October
    Lowest Rate in October 2017 Rs.2,996 per gram on 31 October
    Overall Monthly Performance Decline
    Percentage Change -1.44%

    October 2017 - Week 1 (1st -7th)

    • The Nizam’s city saw a trend prevalent across major Indian cities, with gold prices beginning the week high before a decrease in demand led to rates falling.
    • Gold rate in Hyderabad was at Rs.3,040 per gram on 1 October but dropped to Rs.3,034 per gram on 2 October due to demand fluctuations.
    • The recovery of the U.S. dollar led to a reduction in demand for gold from overseas industry and buyers, leading to gold price in Hyderabad falling to Rs.3,010 per gram on 3 October.
    • A period of relative calm led to markets recovering and a lower reliance on safe-haven assets like gold, which kept prices at Rs.3,012 per gram on 4 October.
    • The drop in price as a result of declining demand continued, as gold fell to Rs.3,000 per gram on 5 October after cautious trading in the metal ahead of the release of U.S. jobs data.
    • Gold price in Hyderabad fell to Rs.2,997 per gram on 6 October but prices recovered as the week ended, trading at Rs.3,017 per gram on 7 October after a late rally by the metal.

    October 2017 - Week 2 (8th -14th)

    • Gold price in Hyderabad started off at Rs.3,017 per gram for this week but surged up to Rs.3,027 per gram on the 9th amidst concerns over the unabating US - North Korea conflict.
    • The geopolitical conflict paired with a good demand for gold led to prices going up to Rs.3,033 per gram on the 10th.
    • Gold rate in Hyderabad remained stable at Rs.3,033 per gram and went up slightly to reach Rs.3,035 per gram on the 13th.
    • Diwali demand took hold of the local market and - combined with the volatile US market - gold rates surged to Rs.3,059 per gram on the 14th of the month.

    October 2017 - Week 3 (15th - 21st)

    • Bullion trading in Hyderabad was affected by domestic factors and the positive performance of the US dollar.
    • On the 15th of October, gold was seen trading at Rs.3,059 per gram. Gold rate in Hyderabad dropped to Rs.3,042 per gram - keeping in touch with falls witnessed in other major cities.
    • Price of gold fell further to Rs.3,034 per gram as a strong dollar led to investors backing out of purchases.
    • Gold rates in Hyderabad declined on the 18th and 19th as well to trade at Rs.3,023 per gram and Rs.3,017 per gram respectively as demand saw little signs of picking up.
    • However, a spurt in demand brought about by Diwali saw gold trading at Rs.3,027 per gram on the 10th of October.
    • Demand subsided after Diwali day and the metal traded at Rs.3,017 per gram on the final day of this week.

    October 2017 - Week 4 (22nd -28th)

    • When the week began on the 22nd, the yellow metal was recorded trading at Rs.3,117 per gram with continued demand from the previous week.
    • Gold rate in Hyderabad plunged to Rs.3,009 per gram on the 23rd on account of subdued demand from local jewellers, retailers and industries coupled with strengthening of the dollar against other apex currencies.
    • However, dollar rates plummeted the next day as investors refrained from making purchases amid speculations of an early announcement on a new Federal Reserve chairman. This resulted in gold prices surging to Rs.3,015 per gram.
    • Gold price in Hyderabad dropped to Rs.3,005 per gram on the 25th, as global demand for the precious metal declined as the US dollar edged higher with firm equity markets.
    • Local demand for gold declined in spite of positive global trends. This led to prices dropping to Rs.3,001 per gram on the 26th.
    • The US dollar gained against the euro following the European Central Bank decision to extend its bond-buying scheme. This resulted in gold rates hitting their lowest in nearly three weeks at Rs.2,997 per gram on the 27th.
    • Gold prices recovered on the 28th with increased demand from domestic investors and retail jewellers, resulting in the rates rising to Rs.3,006 per gram when the week ended.

    October 2017 - Week 5 (29th- 31st)

    • Like most other Indian cities, Telangana’s capital also saw gold rates fall this week due to a global slowdown in gold sales.
    • On the 29th of October, gold traded at Rs.3,006 per gram.
    • But, as international demand dried up amidst the latest Federal Reserve meeting, gold rates in Hyderabad fell to Rs.2,997 per gram on the 30th.
    • When the week and month drew to a close, gold rates in Hyderabad went down slightly to Rs.2,996 per gram as local demand dropped.

    Trend of Gold Rate in Hyderabad for September 2017 (rates per gram for 24 karat gold)

    Comparison for 24 K Gold Rates for Hyderabad August'17
    Parameters Gold price (24 karat)
    September 1 Rate Rs.2,997 per gram
    September 30 Rate Rs.3,040 per gram
    Highest Rate in September Rs.3,100 per gram on 8 September
    Lowest Rate in September Rs.2,997 per gram on 1 September
    Overall Monthly Performance Incline
    Percentage Change 1.43%

    September 2017 - Week 1 (1st to 10th)

    • In Hyderabad, gold trading was on the conservative side with demand from investors and the jewellery industry remained low.
    • On the 1st of September, gold price in Hyderabad were recorded at Rs.2,995 per gram.
    • There was a small spike in demand which led to the yellow metal trading at Rs.2,997 per gram on the 2nd and the 3rd of the month.
    • Trade exchanges were in for a busy day on the 4th as prices surged massively to Rs.3,073 per gram - a Rs.76 increase from the previous day’s rates.
    • The sudden and rapid hike in prices can be attributed to North Korea’s latest nuclear weapon test, which is being dubbed as the country’s most powerful attempt.
    • With safe-haven investment receiving more thrust, gold prices surged to Rs.3,084 per gram on the 5th and then to Rs.3,088 per gram on the 6th.
    • As demand seemed to simmer down, gold price in Hyderabad went down to Rs.3,071 per gram on the 7th of September.
    • However, when North Korea confirmed reports about its nuclear test, markets were in for another busy day.
    • Prices went up to Rs.3,100 per gram on the 8th as a direct result of Kim Jong Un government’s acknowledgement of its nuclear test.
    • Gold rate in Hyderabad fell slightly to Rs.3,095 per gram and traded at the same rate on the 10th of the month as the US dollar was recovering lost ground.

    September 2017 - Week 2 (11th to 17th)

    • Trading in gold was muted in Hyderabad, as gold opened the week at Rs.3,074 per gram on 11 September.
    • An increase in the dollar rate boosted the markets, which had been volatile following the testing of a nuclear missile by North Korea the previous week.
    • Gold price in Hyderabad dropped to Rs.3,051 per gram on 12 September as local demand was poor due to reduced demand from industry.
    • As analysts awaited news of the Federal Reserve’s meeting in Jackson Hole and the implications on the markets, demand for the metal was on the decline.
    • Gold rate in Hyderabad rose briefly as gold traded at Rs.3,064 per gram on 13 September but prices fell to Rs.3,050 per gram the next day.
    • While demand was consistent, a drop in gold futures as well as declining demand from local industry resulted in prices remaining unchanged.
    • Gold ended the week trading at Rs.3,050 per gram on 17 September due to a combination of geopolitical factors and poor local demand.

    September 2017 - Week 3 (18th-24th)

    • Gold prices in Hyderabad fluctuated for the first four days this week before stabilising as the end of the week approached.
    • On the 18th of September, the yellow metal was priced at Rs.3,041 per gram, which dropped to Rs.3,023 per gram on the 19th as demand for the metal took a hit.
    • Festive season pushed gold price in Hyderabad up to Rs.3,045 per gram on the 20th, as demand from retail outlets in particular surged.
    • Rise in US dollar value pushed gold rate in Hyderabad down to Rs.3,018 per gram on the 21st, before going back up to Rs.3,042 per gram as pre-Dusshera sales gripped the market.
    • As demand remained steady, gold prices remained unchanged on the 23rd and the 24th of this month.

    September 2017 - Week 4 (25th-30th)

    • This week started on a relatively low note with the metal being priced at Rs.3,020 per gram – a Rs.22 decrease from the previous day.
    • Demand, however, picked up on the 26th to push the metal’s rates up to Rs.3,081 per gram, thanks to the imminent arrival of the festive season.
    • But, as the US dollar strengthened, gold trading took a back seat. This led to the yellow metal being priced at Rs.3,055 per gram on the 27th of September.
    • Gold rate in Hyderabad went down for the next two consecutive days as a strong US dollar performance and weak local trading cues.
    • Gold price in Hyderabad were recorded at Rs.3,036 per gram on the 28th and Rs.3,028 per gram on the 29th respectively.
    • A slightly increased buying trend pushed gold prices in Hyderabad up to Rs.3,040 per gram on the last day of the month.

    Trend of Gold Rate in Hyderabad for August 2017 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    August 1 Rate Rs.2,931 per gram
    August 31 Rate Rs.2,965 per gram
    Highest Rate in August Rs.2,980 per gram on 29 August
    Lowest Rate in August Rs.2,900 per gram from 5-8 August
    Overall Monthly Performance Incline
    Percentage Change 1.16%
    Comparison for 24 K Gold Rates for Hyderabad July'17

    August ‘17 - Week 1 (1st to 6th)

    • Fluctuating gold prices were recorded in the Nizam’s city as well, trading at Rs.2,931 per gram on 1 August before dropping to Rs.2,925 per gram on 2 August due to a dip in local demand.
    • Prices were low across the globe as investors awaited the results of the U.S. Fed Reserve meeting, trading at Rs.2,901 per gram on 3 August.
    • Continued fluctuations in the price of gold in Hyderabad were observe due to conflicting demand from the domestic gold market, resulting in gold trading at Rs.2,913 per gram on 4 August before dropping to Rs.2,900 per gram on 5 August.
    • Gold rate in Hyderabad remained constant as the week ended, with gold trading at Rs.2,900 per gram on 6 August.

    August ‘17 – Week 2 (7th to 13th)

    • Gold price trends in Hyderabad the last week remained the same as most other Indian cities, wherein rates surged up significantly towards the latter half of the week.
    • On the 7th of August, gold in Hyderabad was priced at Rs.2,900 per gram - which then went up to Rs.2,906 per gram while avoiding a price fall.
    • Rates went up marginally to Rs.2,908 per gram on the 9th before positive trading cues from the global market led to the precious metal trading at Rs.2,944 per gram on the 10th.
    • Gold price in Hyderabad went up again on the 11th to trade at Rs.2,975 per gram as news about a stand-off between North Korea and the US sent the markets into a frenzy.
    • The sudden spike in rates came to a halt as the shock factor seemed to fade and gold prices went up marginally by Rs.2,977 per gram on the 12th.
    • When the week came to an end on the 13th, the yellow metal was still trading at Rs.2,977 per gram, thanks to a sustained demand from local jewellers.

    August ‘17 - Week 3 (14th to 20th)

    • There was a decline in the price of gold in Hyderabad in the third week of August due to market conditions as well as a general decline in demand fro the metal.
    • Gold was priced at Rs.2,968 per gram on 14 & 15 August as demand was more or less constant due to the fluctuating dollar rate.
    • Gold price in Hyderabad fell to Rs.2,9511 per gram on 16 August as global markets recovered following positive data from the U.S. jobs market as well as an upbeat mood before the U.S. Federal Reserve meeting.
    • The yellow metal rose on positive market cues as the dollar rate once again fell due to continued tensions with North Korea, trading at Rs.2,967 per gram on 17 August.
    • Gold rate in Hyderabad continued to rise, trading at Rs.2,972 per gram on 18 August as local demand also rose in anticipation of the upcoming festive season.
    • Prices dipped as the week ended, trading at Rs.2,951 per gram on 19 & 20 August due to a decrease in overall demand, especially from industry.

    August 2017 – Week 4 (21st - 27th)

    • When the week began in Hyderabad, gold was trading at Rs.2,944 per gram, which then increased to Rs.2,951 per gram on the 22nd due to a weak US dollar.
    • Rates went up again on the 23rd, due to consistent demand, for the metal to trade at Rs.2,957 per gram.
    • Local investors seemed to get their fair share of safe haven investing, which led gold price in Hyderabad to reach Rs.2,965 per gram on the 24th.
    • After a steady incline for four straight days, gold prices stabilised to trade at Rs.2,967 per gram on the 25th of August.
    • For the next two days, gold prices remained unchanged at Rs.2,967 per gram, thanks to sustained demand.

    August 2017 – Week 5 (28th - 31st)

    • Demand for gold in Hyderabad fluctuated due to demand vagaries and the geopolitical crises in the Korean peninsula.
    • Gold was priced at Rs.2,942 per gram on 28 August as prices dropped due to a decline in local demand.
    • The threat of an attack by North Korea and the flooding in Texas due to Hurricane Harvey led to markets crashing and increased demand for gold, which traded at Rs.2,980 per gram on 29 August.
    • The rising price of gold put off local investors, resulting in a reduction in orders and a decline in the overall price of gold as it fell to Rs.2,973 per gram on 30 August.
    • The last day of the month saw a further decline in price as industrial demand was low in spite of favourable market conditions and positive cues, with gold trading at Rs.2,965 per gram on 31 August.

    Parameters Gold price (24 karat)
    July 1 Rate Rs.2,950 per gram
    July 31 Rate Rs.2,920 per gram
    Highest Rate in June Rs.2,950 per gram
    Lowest Rate in June Rs.2,800 on 14 July
    Overall Monthly Performance Decline
    Percentage Change -1.01%
    Comparison for 24 K Gold Rates for Hyderabad June'17

    July 2017 - Week 1 (1st to 9th)

    • Gold traded at Rs.2,950 per gram on 1 July in Hyderabad and continued to trade at this rate until 2 July.
    • The rate of gold reduced marginally to trade at Rs.2,940 per gram on 3 July but was otherwise relatively steady ahead of the US Independence day. The value of the U.S. dollar was quite low however, as there were signs of monetary tightening by central banks.
    • This precious metal was priced at Rs.2,914 per gram on 4 July before plunging to a weekly low of Rs.2,908 per gram on 5 July.
    • Due to a rise in demand, the rate of gold recovered marginally to be priced at Rs.2,910 per gram but fell the next day to trade at Rs.2,892 per gram.
    • On the last two days of the first week of July, gold was priced at Rs.2,869 per gram due to low but steady demand.

    July 2017 - Week 2 (10th to 16th)

    • In Hyderabad, gold prices took a hit despite starting strongly courtesy of a fall in local demand.
    • On the 10th of July, gold was priced at Rs.2,867 per gram and went down by Rs.44 to go down to Rs.2,824 per gram on the 11th.
    • Although there was a spike in international bullion demand, the same wasn’t reflected in the nizam city.
    • Prices went down for the third consecutive day - on the 12th - as prices went down to Rs.2,815 per gram.
    • Bullion rates seemed to consolidate on the 13th as there was only a Rs.3 decrease to be witnessed.
    • The 14th brought about a considerable decrease as gold rate in Hyderabad went down to Rs.2,800 per gram as demand didn’t pick up.
    • Buoyed by a sharp decline in US dollar rates and an increase in local demand, gold price in Hyderabad went up to Rs.2,818 per gram on the 15th.
    • When the week came to an end on the 16th, gold was still trading at Rs.2,818 per gram, thanks to a consolidated bullion trading session.

    July 2017 - Week 3 (17th to 23rd)

    • The surge in the price of gold was seen in the Nizam’s city as well, with gold soaring as demand increased exponentially over the course of the week.
    • Gold was priced at Rs.2,822 per gram on 17 July with the price rising to Rs.2,833 per gram on 18 July amidst increased interest from retail and industry alike.
    • The poor market performance as well as the weak U.S. dollar resulted in gold being cheaper to non-greenback countries, which led to gold demand rising to Rs.2,850 per gram on 19 July.
    • Bullion demand continued to dominate as stock markets were shaky, leading to a further increase in the price of gold in Hyderabad, which traded at Rs.2,869 per gram on 20 July.
    • Prices peaked towards the end of the week as the U.S. dollar slid further due to internal crises, boosting the gold rate to Rs.2,892 per gram on 21 July.
    • The week ended with gold price in Hyderabad at Rs,2,917 per gram on 23 July, recording an increase of Rs.95 over the course of the week.

    July 2017 - Week 4 (24th to 31st):

    • Gold prices in Hyderabad for July week 4 started with the metal trading at Rs.2,916 per gram, which then went up to Rs.2,917 per gram on the 25th.
    • Prices bottomed out to Rs.2,899 per gram on the 26th as local jewellers refrained from investing in the metal.
    • On the 27th, prices went up to Rs.2,920 per gram as dollar value fell and domestic investors leveraged this to purchase more gold.
    • The 28th saw prices fall briefly to Rs.2,916 before the North Korean conflict brought US markets down and people invested more in the yellow metal.
    • Over the next two days, gold prices remained at Rs.2,926 per gram before going down to Rs.2,920 per gram on the 31st of July.
    Parameters Gold price (24karat)
    June 1 Rate Rs.2,985 per gram
    June 30 Rate Rs.2,967 per gram
    Highest Rate in June Rs.3,030 per gram on 7 June
    Lowest Rate in June Rs.2,940 per gram on 20 & 27 June
    Overall Performance Decline
    Percentage Change -0.60%
    Comparison for 24 K Gold Rates for Hyderabad May'17

    June 2017 - Week 1 (1st-4th):

    • Telangana’s capital Hyderabad saw one of the biggest changes in gold prices during the first week of June.
    • On the 1st of June, gold was priced at Rs.2,985 per gram seeing as how there was a slump in demand went down to Rs.2,964 per gram.
    • As prices increased internationally, there was a sharp incline in Hyderabad as well, which saw prices increase by Rs.34 to hit Rs.2,998 per gram on the 3rd.
    • Demand sustained for much of the 4th as gold was still trading at Rs.2,998 per gram as weekend approached.

    June 2017 - Week 2 (5th - 11th)

    • The city of Hyderabad gave way to the 5th of May with a gold trading price of Rs.3,012 per gram.
    • Concerns over US Labour Department’s Employment Report, prices went up very slightly to Rs.3,013 per gram on the 6th.
    • The 7th saw prices rise by Rs.17 due to a weakening dollar to end the day’s gold rate at Rs.3,030 per gram.
    • As the demand couldn’t be sustained, gold prices went back down to Rs.3,017 per gram on the 8th.
    • The 9th recorded gold prices fall by a massive margin as they went down to Rs.,2,987 per gram - a whopping Rs.30 per gram decrease.
    • Prices corrected themselves on the 10th to hit Rs.2,981 per gram before continuing at the same rate till the end of the week.

    June 2017 - Week 3 (12th-18th):

    • The rate of gold fluctuated quite a bit during the third week of June in the city of Hyderabad.
    • On the first day of the week, gold was priced at Rs.2,975 per gram and increased marginally the next day to trade at Rs.2,977 per gram.
    • As the week progressed the rate of gold increased until the 14th of the month but declined thereafter.
    • An issue regarding the import of bullion by banks’ was noted due to lack of clarity with respect to GST.
    • On the last day of the week, the gold rate in Hyderabad fell to Rs.2,955 per gram due to a fall in the demand for this metal.

    June 2017 - Week 4 (19 to 25)

    • Hyderabad’s gold prices fluctuated in the fourth week due to demand vagaries as well as prevalent trends.
    • Gold traded at Rs.2,949 per gram on 19 June, but the price fell to Rs.2,940 per gram the following day due to a dip in demand brought about by a surge in markets.
    • Demand was bolstered by higher volumes of purchases before the implementation of the indirect tax regime, which led to prices rising to Rs.2,956 per gram on 22 June.
    • Prices continued to rise over the rest of the week, trading at Rs.2,958 per gram on 23 June as demand continued to remain steady, with the fluctuating U.S. Dollar also boosting demand for bullion.
    • Prices rose as the week ended, with gold trading at Rs.2,964 per gram on 25 June.

    June ’17 – Week 5 (26 to 30)

    • The price of the yellow metal in Hyderabad in the last week of June reflected trends seen across other major Indian cities, with prices fluctuating due to market instability.
    • Gold was priced at Rs.2,977 per gram on 26 June but prices dropped the next day, trading at Rs.2,940 per gram due to a sharp reduction in demand from overseas.
    • Prices bounced back to trade at Rs.2,967 per gram on 28 June as increased buying before GST pushed prices higher in Hyderabad in spite of the U.S. Dollar continuing to make gains.
    • Prices dipped to Rs.2,960 per gram on 29 June due to minor dips in demand from industry but the pre-GST spurt in sales resulted in gold recovering to trade at Rs.2,967 per gram on 30 June.
    May 1st Rate Rs.2,984 per gram
    May 31st Rate Rs.2,963 per gram
    Highest Rate in May Rs.2,984 per gram on 1st May
    Lowest Rate in May Rs.2,889 per gram on 10th & 11th May
    Overall Performance Decline
    Percentage Change -0.70%
    Comparison for 24 K Gold Rates for Hyderabad April'17

    May 2017 - Week 1 (1st-7th):

    • There were quite a few fluctuations noted in the rate of gold during the first week of May due to a number of factors such as demand for this metal.
    • On the first day of the week, this precious metal traded at Rs.2,984 per gram. However, this price was not sustained and the rate of gold fell to Rs.2,955 per gram the next day.
    • As the week progressed, the rate of gold continued to decline due to a rise in the value of the U.S.Dollar.
    • Due to geopolitical factors coupled with low demand for gold, the price of this metal continued to decline.
    • On the 5th of May, gold traded at Rs.2,910 per gram and reduced the next day to trade at Rs.2,899 per gram. This rate was noted on the last day of the week as well.

    May 2017 – Week 2 (8th -14th)

    • Gold trading in Hyderabad in the second week of May started off relatively high, trading at Rs.2,903 per gram on 8th May.
    • Prices began to fall as stock markets strengthened as the U.S. Dollar stabilised, with the victory of the populist Emmanuel Macron in the French presidential election leading to a rise in European markets.
    • Gold traded at Rs.2,889 per gram on 10th May, with the price falling further to trade at Rs.2,890 per gram on 12th May due to declining demand.
    • In spite of a general decline in demand, prices rose marginally as gold ended the week trading at Rs.2,891 per gram on 14th May, recording a Re.1 increase in price for the week.

    May 2017 - Week 3 (15th - 21st)

    • In Hyderabad, gold prices saw some fluctuations which were brought about by a number of factors.
    • On 15th, gold was trading at Rs.2,890 per gram which then increased to Rs.2,894 per gram on the 16th.
    • As news about US President Donald Trump’s intervention on a federal investigation surfaced, gold rates shot up to Rs.2,956 per gram on 18th.
    • The 19th, however, saw prices dip down to Rs.2,949 per gram as demand went down after that significant surge.
    • Rates remained the same at Rs.2,954 per gram on the 20th and the 21st after marginally increasing from the rates seen on the 19th.

    May 2017 – Week 4 (22nd - 28th)

    • In the capital city of Hyderabad, gold was priced at Rs.2,947 per gram which was lower than the rates noted in the city during the third week of May.
    • On the 23rd, a marginal increase was noted in the rate of gold, with this metal trading at Rs.2,979 per gram.
    • However, this demand was not sustained and the rate of gold fell marginally the next day to trade at Rs.2,963 per gram. Gold continued to trade at this price on the 25th of May as well as the dollar rate fell following the U.S Fed Reserve’s stance of downplaying the chance of hiking interest rate.
    • Gold traded at Rs.2,958 per gram on the 26th of May due to a fall in the demand for this metal.
    • On the last two days of the week, this precious metal was priced at Rs.2,979 per gram due to steady demand.

    May ’17 – Week 5 (29th to 31st)

    • The price of gold in Hyderabad was on the decline in the last week of May due to a decrease in demand from jewellers.
    • Gold was priced at Rs.2,977 per gram on 29th May as the price dipped from the previous week as a resurgent U.S. Dollar led to demand flagging due to high import costs.
    • Prices rose marginally to Rs.2,984 per gram on 30th May before prices fell sharply to end the month at Rs.2,963 per gram on 31st May.
    April 1st Rate Rs.2,956 per gram
    April 30th Rate Rs.2,984 per gram
    Highest Rate in April Rs.3,035 per gram on the 22nd and 23rd of April
    Lowest Rate in April Rs.2,954 per gram from the 8th to the 10th of April
    Overall Performance Incline
    Percentage Change 0.94%
    Comparison for 24 K Gold Rates for Hyderabad March'17

    April 2017 - Week 1 (1st - 9th):

    • During the first week of April in Hyderabad, rate of gold was not very high. Gold traded at Rs.2,956 per gram on the 1st of April. Gold was steady at this rate the next day as well.
    • However, due to fluctuating demands and a decrease in the value of the U.S. Dollar, the rate of gold fell to Rs.2,962 per gram on the 3rd.
    • Due to higher demand for this metal, the gold rate in Hyderabad rose to Rs.2,977 per gram on the 4th and continued increasing the next day as well.
    • This demand however could not be sustained, and the gold price in Hyderabad fell to Rs.2,972 per gram on the 7th.
    • As the first week of April came to an end, the rate of gold declined even further to trade at Rs.2,954 per gram on the last two days of the week.

    April 2017 - Week 2 (10th-16th)

    • Hyderabad too saw gold prices climb over the second week of April.
    • On 10th, gold was selling at Rs.2,958 per gram and then increased to Rs.2,968 per gram on 11th as demand from local retailers and buyers went up.
    • The 12th saw gold price in Hyderabad increase sharply - to the tune of Rs.42 per gram - to go up to Rs.3,010 per gram as demand kept going up.
    • Comparatively, the 13th only saw a marginal increase, this time by Rs.4 to bring gold prices up to Rs.3,014 per gram.
    • On 14th, prices went up again as buyers opted for gold more with uncertainties looming large in the world market.
    • Priced reached 3,031 per gram on 14th and then increased by Rs.9 to reach Rs.3,040 per gram on 15th.
    • When the second week of April ended in Hyderabad, gold as still trading at Rs.3,040 per gram.

    April 2017 - Week 3 (17th-23rd)

    • There were quite a few fluctuations noted in the rate of gold during the third week of April in Hyderabad due to a number of factors, chief amongst them being the demand for this metal.
    • On the first day of the week, this precious metal traded at Rs.3,034 per gram. However, this price was not sustained and the gold rate in Hyderabad fell to Rs.3,021 per gram the next day.
    • A slight recovery in the demand for gold resulted in gold trading at Rs.3,031 per gram on the 19th of April in Hyderabad.
    • Due to political tension in Syria and North Korea, this metal traded higher in early trade as investors flocked to safe haven assets.
    • On the 20th and 21st of April, the price of gold plunged to Rs.3,020 per gram. However, during the last two days of the week, the rate of gold marginally increased to trade at Rs.3,035 per gram.

    April 2017 - Week 2 (13th - 19th):

    • There were quite a few fluctuations noted in the rate of gold during the fourth week of April in Hyderabad due to a number of factors, chief amongst them being the demand for this metal.
    • On the first day of the week, this precious metal traded at Rs.3,012 per gram. However, this price was not sustained and the rate of gold fell to Rs.2,998 per gram the next day.
    • Due to a fall in the demand for this metal, gold was priced at Rs.2,964 per gram on the 26th of April.
    • A marginal recovery in the rate of gold saw this metal trading at Rs.2,974 per gram on the 27th of April.
    • On the 29th and 30th of April, the price of gold increased marginally to trade at Rs.2,984 per gram.
    March 1st Rate Rs.2,990 per gram
    March 31st Rate Rs.2,940 per gram
    Highest Rate in March Rs. per gram on 1st March
    Lowest Rate in March Rs.2,900 per gram on 15th March
    Overall Performance Decline
    Percentage Change -1.67%
    Comparison for 24 K Gold Rates for Hyderabad February '17

    March 2017 - Week 1 (1st - 4th):

    • Hyderabad saw gold prices change on all four days of March week 1.
    • On 1st, gold was trading at Rs.2,990 per gram but increased to Rs.2,994 per gram.
    • The 3rd witnessed gold prices drop significantly by Rs.21 per gram to reach Rs.2,973 per gram due to strengthening US dollar.
    • On 4th, rates went down again but only by a slight margin to end the week at Rs.2,972 per gram.

    March 2017 - Week 2 (5th - 11th):

    • Nizam city, Hyderabad, saw one of the worst rates in the entire nation during the second week of March.
    • The week began with gold selling at Rs.2,972 per gram but went down to Rs.2,970 per gram on 6th and went down again to trade at Rs.2,949 per gram on 7th.
    • Rates picked up on 8th to hit Rs.2,970 per gram but went down to Rs.2,951 per gram on 9th.
    • The last two days of week 2 were no respite either as prices of gold in Hyderabad went down again to Rs.2,933 per gram on 10th but slightly improved to reach Rs.2,945 per gram on 11th.

    March 2017 - Week 3 (12th-18th):

    • During the third week of March in Hyderabad, rate of gold was not very high. Gold traded at Rs.2,949 per gram on the 13th of March.
    • However, due to fluctuating demands and an increase in the value of the U.S. Dollar, the rate of gold fell to Rs.2,933 per gram on the 14th. The rate of gold declined even further the next day to trade at Rs.2,900 per gram.
    • There was a marginal recovery in the rate of gold on the 16th of March.
    • On the 17th, demand for this precious metal picked up and gold traded at Rs.2,935 per gram.
    • Rate of gold continued to rise and traded at Rs.2,940 per gram on the last two days of the third week of March in Hyderabad.

    March 2017 - Week 4 (19th-25th):

    • In Nizam city, Hyderabad, gold rates changed on almost all days of week 4.
    • On 20th, gold was trading at Rs.2,947 per gram but fell to Rs.2,931 per gram as demand went down on the 21st.
    • Prices rallied against a weakening dollar, which brought about an increase of Rs.40 per gram for the metal to trade at Rs.2,971 per gram on 22nd.
    • Rates increased again on the 23rd to reach Rs.2,973 per gram but fell on the 24th to Rs.2,967 per gram as the US dollar strengthened.
    • Prices fell once again on the 24th to reach Rs.2,964 as the US dollar kept rallying against the price of gold.
    • On the last day of March week 4, gold prices remained unchanged and was trading at Rs.2,964 per gram.

    March 2017- Week 5 (26th-31st):

    • Gold rate in Hyderabad saw fluctuations as they changed on all days of March week 5.
    • On 27th, gold was priced at Rs.2,977 per gram, but went down to Rs.2,971 per gram as domestic demand went down.
    • Rates remained the same on 28th and followed the global trend, where gold price in Hyderabad seemed to stabilise.
    • On 30th, gold prices went down as international bullion rates tumbled, to reach Rs.2,960 per gram.
    • When the week drew to an end on 31st, silver was priced at Rs.2,940 per gram - marking a decrease of Rs.37 from the beginning of the week.
    February 1st Rate Rs.2,965 per gram
    February 28th Rate Rs.3,003 per gram
    Highest Rate in February Rs.3,014 per gram on 25th and 26th February
    Lowest Rate in February Rs.2,944 per gram on 4th and 5th of February
    Overall Performance Rise
    Percentage Change 1.28%
    Comparison for 24 K Gold Rates for Hyderabad January '17

    February ‘17 - Week 1 (1st to 5th)

    • Trends in both national and international markets were an indication of a rise in gold prices due to high demand for this precious metal.
    • The price of gold in Hyderabad on the 1st of February was Rs.2,965 per gram which was relatively low as compared to the previous month.
    • However, due to fluctuating rates, the price of gold reduced slightly the next day to trade at Rs.2,954 per gram.
    • The rate of gold steadily decreased to trade at Rs.2,953 per gram on the 3rd of February.
    • Due to a reduction in demand for gold, the price of gold in Hyderabad plunged to a monthly low of Rs.2,944 per gram.

    February ‘17 - Week 2 (6th to 12th)

    • The rate of gold in Hyderabad in the second week of February also saw an increase due to continuing demand from coin makers and the industrial sector with gold opening the week at Rs.2,955 per gram on 6th February.
    • Rates rose even further to trade at Rs.2,980 per gram on the 7th of February and reduced slightly on the 8th with gold trading at Rs.2,979 per gram.
    • Rate of gold in Hyderabad increased to Rs.2,982 per gram on 9th February, and continued this way de to fluctuation in markets leading to a rise in the demand for gold. However, gold rate dropped quite a bit the next day.
    • This metal traded at Rs.2,964 per gram on 11th February as a slight dip in demand led to prices falling initially and then increasing due to market recovery.
    • There was a marginal recovery as the week ended, with gold trading at Rs.2,964 per gram on 12th February.

    February ’17- Week 3 (13th to 19th)

    • Gold rate in Hyderabad in the third week of February was subject to market fluctuations due to varying cues from markets internationally.
    • Gold traded at Rs.2,959 per gram on 13th February and reduced to Rs.2,953 the next day due to market fluctuations.
    • Rate of gold continued to reduce the next day as well due to low demand.
    • Rates steadied in the next few days, as gold traded at Rs.2,975 per gram on the 16th February.
    • Price of gold increased to Rs.2,988 per gram on the 17th due to positive market cues in both international and national markets.
    • Due to stable markets and demand, price of gold stabilised to Rs.2,980 per gram on the last two days of the week.

    February ’17- Weeks 4 & 5 (20th to 28th)

    • Gold was steady at the start of the fourth week due to consistent demand but varied later due to the market fluctuations.
    • Gold traded at Rs.2,976 per gram on 20th of February, before falling to Rs.2,973 per gram on the 21st and 22nd of February due to a spike in the demand.
    • Prices steadied over the rest of the week, as demand reduced slightly with gold trading at Rs.2,995 per gram on 24th of February.
    • A rise in industrial demand from Asia led to gold prices shooting up to Rs.3,014 per gram on the 25th and 26th of February. This was also the highest rate in Hyderabad at which gold traded for the month of February.
    • At the end of the month, gold closed at Rs.3,003 per gram and recorded a rise of 1.28% in gold rates throughout the month.
    January 1st Rate Rs.2,821 per gram
    January 31st Rate Rs.2,954 per gram
    Highest Rate in January Rs.2,978 per gram on 23rd January
    Lowest Rate in January Rs.2,821 per gram on 1st January
    Overall Performance Incline
    Percentage Change 4.71%

    January 2017 - Week 1 (1st - 7th)

    • When trading began in Hyderabad on 1st January, gold was trending at Rs.2,821 per gram.
    • Prices went up on 2nd due to growing demand to trade at Rs.2,824 per gram.
    • Rates again increased on the 3rd as it went up to Rs.2,836 per gram - an increase of Rs.12 per gram over the previous day.
    • Prices increased over the next four days as well as the yellow metal was trading at Rs.2,846 per gram on 4th and increased by Rs.15 to trade at Rs.2,861 per gram.
    • At the end of the week, gold was trading at Rs.2,872 per gram - a weekly increase of Rs.51.

    January 2017 - Week 2 (8th - 14th)

    • Gold was still trading at Rs.2,872 per gram when week 2 began and went up to Rs.2,876 per gram on 9th.
    • As demand for gold kept increasing, prices went up to Rs.2,892 per gram on 10th and went up by Rs.17 to trade at Rs.2,909 on 11th.
    • Gold rates again increased as Donald Trump introduced a travel ban which brought markets down.
    • On 12th, gold was trading at Rs.2,925 per gram - an increase of Rs.16 per gram from the previous day’s trading rate.
    • On 13th, prices decreased marginally by Rs.3 to trade at Rs.2,922 per gram but it increased on the last day of the week to bring prices up to Rs.2,941 per gram.

    January 2017 - Week 3 (15th - 21st)

    • Week 3 of January went through some fluctuations as markets kept going up and down for much of the week.
    • When trading began on 15th, gold was trading at Rs.2,941 per gram and increased by Rs.13 on 16th to trade at Rs.2,954 per gram.
    • The 17th brought about an increase in gold prices as well as it went up by Rs.2,963 per gram and went up by Rs.11 to reach RS.2,974 per gram on 18th.
    • The last three days of Week 3 saw prices go down from Rs.2,959 per gram but bounced back on the last day.
    • At the end of week 3, gold was seen trading at Rs.2,962 per gram.

    January 2017 - Weeks 4 and 5 (22nd - 31st)

    • Trading began on 22nd with gold trading at Rs.2,962 per gram and then went up to hit Rs.2,978 per gram on 23rd.
    • Prices went down from then on as domestic demand seemed to take a tumble.
    • On 25th gold was trading at Rs.2,960 per gram and decreased by Rs.21 to go down to Rs.2,939 per gram.
    • The fall in demand continued bringing gold prices for the fourth consecutive day on 27th for gold to trade at Rs.2,913 per gram.
    • Prices, however, stabilised and went on an upward path from 28th as it was trading at R.2,934 per gram.
    • On 30th prices increased again, albeit slightly by Rs.3 for the metal to trade at Rs.2,937 per gram.
    • The month ended on a high with gold trading at Rs.2,954 per gram.
    • Overall, the month of January in Hyderabad saw gold prices increase by 4.71%

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

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

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

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

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

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

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

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

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

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

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

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

    • 22 karat gold rate(Rs/gram)

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

    Also Check Gold Price in NearBy Cities of Hyderabad

    Gold Rate In Warangal Gold Rate In Vijayawada Gold Rate In Visakhapatnam
    Gold Rate In Guntur Gold Rate In Nellore Gold Rate In Kurnool
    Gold Rate In Rajahmundry Gold Rate In Kakinada Gold Rate In Proddatur
    Also Know: Silver Rate in Hyderabad

    Read more on Gold

    News About Hyderabad Gold Rate

    • Gold To Be Excluded From Trade Agreements?

      September 17th, 2017

      With India’s gold imports tripling from April-August 2017 compared to the previous year, the government is mulling excluding gold from future trade pacts. Since gold imports from free trade agreement partners is excluded from 10% customs duty, many have been abusing the provisions of such agreements.

      An alarming rise in the import of gold from countries that India has trade agreements with has prompted the government to consider this step and could be implemented in agreements with the European Union and ASEAN countries.

      India’s current trade deficit is pegged at $63.1 billion for the period April-August 2017, as compared to $34.3 billion for the same period in the previous year.

      While the spike in gold imports was attributed to GST, the continued rise in imports through August has the government worried.

      17th September 2017

    • Gold prices remain steady amidst North Korea tensions and Fed interest rate anticipations

      At $1,338.10 per ounce, the price of spot gold was almost steady on Wednesday due to heightened geopolitical tensions in North Korea and Fed Reserve’s anticipations about weak inflation in the United States that could delay another interest rate hike in the country.

      The December delivery price of US gold is expected to be down by 0.1% to $1,343.40 per ounce.

      The expected low inflation would delay further interest rate hikes, which usually pump the dollar rate and push up bond yields, resulting in increased pressure on gold prices.

      Spot gold may be resistant at $1,345 per ounce before it reaches it next resistance level at $1,350.

      Among other precious metals both silver and platinum traded 0.1% lower at $17.87 per ounce and $1,005.05 per ounce respectively, while palladium rose 0.7%, trading at $964.50 per ounce.

      6th September 2017

    • Gold demand falls, prices at 7-week low

      Global gold prices saw a slight increase on Tuesday in the wake of the presidential election in France but however stayed close to its seven-week low.

      On May 9, prices went up by 0.2% reaching $ 1,228.20 per ounce as compared to $1,224.86, the previous day. The US markets saw a 0.1% rise, reaching $1,228.20 an ounce.

      There has also been a decrease in the demand for gold and Wall Street saw its lowest volatility index since December 1993, with a close at 9.77.

      9th May 2017

    • Gold Prices Fall To Below Rs.29,000 On Sluggish Demand

      The price of gold continued its descent, falling to below Rs.29,000 for 10 grams on Monday, 13th March, 2017. Gold traded at Rs.28,900 for 10 grams in Delhi, with the dip in price being attributed to a drop in demand from jewellers and poor overseas demand. Silver prices also fell, trading at Rs.40,800 per kg on 13th March, 2017, recording a fall of Rs.180 per kg due to reduced demand from coin makers and industrial units.

      The end of the wedding season led to a drop in domestic demand, while global gold prices also fell on sluggish demand. The price of gold in Singapore fell by 0.22% to trade at USD 1,201.10 per ounce. Silver prices also fell, trading at USD 16.89 per ounce, recording a drop of 0.35%.

      While spot gold prices fell universally, sovereign gold prices continued to trade high, with the price increasing by Rs.100 to trade at Rs.24,400 for one 8 gram piece.

      16th March 2017

    • Gold traders hoping for GST to usher in lower gold rates

      As global cues are changing, gold prices are on the volatile side dipping below Rs.30,000 on Monday to hit Rs.29,750 per 10 grams.

      Concerned by this latest turn of events, gold traders are hoping that the imminent introduction of GST will most likely stabilise the rates so as to improve their business.

      Gold prices have been on a drop due to a reduced demand in the overseas demand and also due to the wedding season coming to a halt.

      The industry to hoping for a tax rate between 1% to 1.5% on gold, though key gold-consuming states like Bihar and Kerala are batting for a 6% tax.

      Analysts have, however, suggested that gold prices are likely to fluctuate for much of the year despite hitting a high because a price correction is likely to follow.

      10th March 2017

    • Gold Imports in India Rises to 50 tonnes

      In February, gold import in India rose to 50 tonnes. Import this year in February is 82% more than import in February, last year. The increase in import is because wedding season resulted in a rise in gold demand by jewellers. Last year in February, gold import in the country had reduced to 27.4 tonnes. International gold prices fell on Wednesday because dollar increased after comments by US Federal Reserve officers suggested a hike in rates in March.

      2nd March, 2017

    • WGC Report Says Gold Demand Increased in 2016

      In 2016, the demand for gold increased by 2% to touch 4309t account to the Gold Demand Trends report released by the World Gold Council (WGC). According to the report, the demand was at its highest level since 2013. The increase was mainly because of gold backed ETFs (Exchange Traded Funds) inflow. Political and economic conditions at the global level also helped in increasing demand by 70%. The fall in prices in November increased the demand of gold coins and gold bars. Even though demand for gold was high, there was a fall in demand for jewellery and central bank purchases. Demand for jewellery fell by 15% and central bank purchases demand fell in by 33%. India saw decline of 21% in customer purchases and China saw a decline of 7%. In India, the demand fell because of several reasons, which includes demonetization. According to market experts, even though 2017 is a challenging year for Indian gold market, the transparency introduced by government will help customers.

      10th February 2017

    • Gold drops following presidential election

      Following the results of the US Presidential Election, gold prices have dropped to a surprisingly near-five month low. Gold recorded at $1,212.50 per ounce dropping significantly after a week post-election. The fall is being bases on a stronger US dollar and concerns regarding the interest rates being raised by the Federal Reserve in December. According to analyst, this is a natural turn of events for the yellow metal with the surge of dollar. Some online publishers have also mentioned that the note ban by Indian PM Narendra Modi has caused gold rates to dip, while some are of the opinion that the move has benefited the gold prices.

      While analysts claim that gold could fall further below $1,000 an ounce in 2017, they also note that gold could experience a hike as a result of an inflation expectations rise as well as when investors flock the gold market. It is expected to be a volatile and unexpected time in the gold market.

      18th November, 2016

    • Gold Prices Rises Above $1,300 An Ounce Due To U.S Elections

      US presidential elections has affected the dollar rate and gold prices across the world. Gold rates rose above $1,300 an ounce this week amid elections in the U.S. Investors and gold traders are confused and anxious about the result of the elections as a win for Donald Trump, a presidential candidate is expected to hurt the US dollar and the yellow metal. According to a report by Reuters, spot gold hit $1,307.76 an ounce which is highest gold rate recorded after October 4th before drifting and settling at $.1,301.63 an ounce. Before the end of the election polls, gold prices strengthened and investors have increased their gold intake despite the expected monetary policy changes by the Federal government by the end of the year. On account of diwali, gold prices in India also surged and gold intake increased by 10% to 20% during the festive season. Investors are now eagerly waiting for the results of the US elections to further invest in the yellow metal.

      9th November, 2016

    • Gold Price Rises to Highest in Two Weeks

      In light of the global uptrend and the festive season, Gold saw a rise for the third consecutive day today, the precious metal saw a gain of Rs. 160 today, to trade at Rs. 30,540 per 10 grams. Amid speculation of a hike in the US interest rates and a weakened US Dollar, investors were pushed to buy exchange-traded funds backed by gold, thereby, advancing gold to its highest in two weeks in the global market. An increase in purchases of gold by jewellers in the domestic spot market to keep up with the demand this festive season has bolstered the upswing of gold prices.

      26th October 2016

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

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