Gold Rate In Hyderabad Today

Popular in Hyderabad, gold is bought for both investment purposes and as jewellery. Track gold prices in Hyderabad for 22 karat and 24 karat. Compare gold prices and get a detailed analysis of weekly and monthly trends across the gold market below.
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  • Gold Rate Today ( 19 Mar 2019 )
    ₹ 3,038
    Today's Gold Rate (22K) per gram
    Compare Gold Rate In Hyderabad (Today & Yesterday)
    Today
    (19 Mar 2019)
    Yesterday
    (18 Mar 2019)
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 3,038 ₹ 3,038 ₹ 0 ↑
    Standard Gold (22 K) ( 8 grams ) ₹ 24,304 ₹ 24,304 ₹ 0 ↑
    Pure Gold (24 K) ( 1 gram ) ₹ 3,190 ₹ 3,190 ₹ 0 ↑
    Pure Gold (24 K) ( 8 grams ) ₹ 25,520 ₹ 25,520 ₹ 0 ↑
    Gold Price In Hyderabad For Last 10 Days
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    19 Mar 2019 ₹ 3,038 ₹ 24,304 ₹ 3,190 ₹ 25,520
    18 Mar 2019 ₹ 3,038 ₹ 24,304 ₹ 3,190 ₹ 25,520
    17 Mar 2019 ₹ 3,059 ₹ 24,472 ₹ 3,212 ₹ 25,696
    16 Mar 2019 ₹ 3,059 ₹ 24,472 ₹ 3,212 ₹ 25,696
    15 Mar 2019 ₹ 3,054 ₹ 24,432 ₹ 3,207 ₹ 25,656
    14 Mar 2019 ₹ 3,060 ₹ 24,480 ₹ 3,213 ₹ 25,704
    13 Mar 2019 ₹ 3,060 ₹ 24,480 ₹ 3,213 ₹ 25,704
    12 Mar 2019 ₹ 3,065 ₹ 24,520 ₹ 3,218 ₹ 25,744
    11 Mar 2019 ₹ 3,079 ₹ 24,632 ₹ 3,233 ₹ 25,864
    10 Mar 2019 ₹ 3,092 ₹ 24,736 ₹ 3,247 ₹ 25,976
    • 7 Days
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    *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.

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    Gold Price in Hyderabad

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

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

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

    Trend of Gold Rate in Hyderabad for March 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    March 1 Rate Rs.3,305 per gram
    March 10 Rate Rs.3,247 per gram
    Highest Rate in March Rs.3,305 per gram on 1 March
    Lowest Rate in March Rs.3,210 per gram on 7 March
    Overall Performance Decline

    March 2019 - Week 1 (1-10):

    • Waning retail demand and a weak rupee resulted in gold price in Hyderabad dipping, as overseas cues were also unsupportive with the metal priced at Rs.3,305 per gram on 1 March.
    • Talks of a Sino-U.S. trade deal boosted investors’ risk sentiment as gold’s safe-haven appeal fell, which resulted in gold falling to Rs.3,234 per gram on 6 March.
    • A drop in local demand also impacted prices as gold slipped to Rs.3,224 per gram on 8 March before a marginal drop in the dollar saw prices rise to Rs.3,247 per gram when the week ended on 10 March.

    Trend of Gold Rate in Hyderabad for February 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    February 1 Rate Rs.3,354 per gram
    February 28 Rate Rs.3,333 per gram
    Highest Rate in February Rs.3,392 per gram on 20 and 21 February
    Lowest Rate in February Rs.3,292 per gram on 13 February
    Overall Performance Incline
    Percentage Change -0.62%

    February 2019 - Week 1 (1-10):

    • Declining overseas interest and a strengthening dollar impacted gold price in Hyderabad though the metal opened at a steady Rs.3,354 per gram on 1 February.
    • Recovering equity markets and a steady dollar resulted in a decline in local offtake due to rising import costs with gold prices falling to Rs.3,335 per gram on 6 February.
    • Positive U.S. payrolls data further boosted global markets as industrial demand for gold fell steadily, resulting in the yellow metal trading at Rs.3,332 per gram when markets closed on 10 February.

    February 2019 - Week 2 (11-17):

    • Stable local demand failed to prop up gold prices in Hyderabad as weak overseas cues and a recovering dollar capped possible gains.
    • Gold traded at Rs.3,319 per gram on 11 February but declining industrial demand and static investor interest saw prices drop to Rs.3,298 per gram on 14 February.
    • Lingering uncertainty over the economic implications of Brexit and a possible U.S. government shutdown boosted interest in safe-haven gold, as prices rose to Rs.3,325 per gram on 15 February.
    • A rise in local retail demand and an influx of orders from jewellers helped gold rise to Rs.3,350 per gram when the week ended on 17 February.

    February 2019 - Week 3 (18-24):

    • Investor caution over the Federal Reserve’s upcoming meeting saw a decline in overseas interest in the metal though gold traded at a steady Rs.3,356 per gram on 18 February.
    • Prices jumped to Rs.3,392 per gram on 20 February as a slip in the dollar rate prompted increased local offtake from jewellers, though gains were capped by sluggish industrial demand.
    • Indications of renewed rate hikes after the Fed Reserve meeting dampened investor confidence in bullion as gold rates in Hyderabad fell to Rs.3,373 per gram on 22 February.
    • Local demand was unable to sustain prices on declining overseas interest and Asian offtake was also static resulting in gold prices falling to Rs.3,360 per gram on 24 February.

    February 2019 - Week 4 (25-28):

    • When the week began gold rate in Hyderabad were steady at Rs.3,355 per gram on 25 February before a slight rise in local demand pushed prices higher.
    • Gold rose to Rs.3,357 per gram on 26 February but weak cues and a drop in industrial demand both locally and overseas affected demand.
    • The end of the month saw the precious metal fall to Rs.3,333 per gram on 28 February and record an overall decline in value by 0.62%.

    Trend of Gold Rate in Hyderabad for January 2019 (rates per gram of 24 karat gold)

    Parameters  Gold price (24 karat) 
    Rate on 1st January 2019 Rs.3,172per gram 
    Rate on 31st January 2019 Rs.3,321per gram 
    Highest Rate in January 2019  Rs.3,326 per gram on 30 January 
    Lowest Rate in January 2019  Rs.3,172per gramon 1 and 7 January 
    Overall Performance  Incline 
    Percentage Change 4.69%
    Comparison for 24 K Gold Rates for Hyderabad January 2019
    Graph for Gold Rate (24K) in Hyderabad January 2019

    January 2019 - Week 1 (1 - 6):

    • Gold rate in Hyderabad echoed trends seen in other cities, as positive trends and rising local orders shored up the metal’s value.
    • The year began with gold trading at Rs.3,172 per gram, with prices surging to Rs.3,191 per gram on 3 January on growing overseas reliance on the metal’s safe-haven appeal.
    • Gold price jumped to Rs.3,205 per gram on 4 January before falling to Rs.3,175 per gram when the week ended on 6 January, recording a minor price rise of Rs.3 over the course of the week.

    January 2019 - Week 2 (7 - 13):

    • Demand for gold was on the rise as the wedding season and positive overseas cues boosted interest in the yellow metal in the second week.
    • Gold traded at Rs.3,172 per gram when the week began on 7 January and rose steadily on stable retail as well as industrial demand.
    • A weak dollar led to an increase in local demand as the metal rose to Rs.3,197 per gram on 9 January.
    • Gold price in Hyderabad continued to climb for the rest of the week, reaching Rs.3,229 per gram on 10 January before settling at Rs.3,222 per gram when the week ended on 13 January.

    January 2019 - Week 3 (14 - 20): 

    • Positive market cues and a fluctuating dollar boosted gold price in Hyderabad this week with the metal trading at Rs.3,230 per gram when trading began on 14 January.
    • Retail demand spiked on festive buying as gold surged to Rs.3,248 per gram on 16 January, with a stable rupee and turbulent markets also contributing to the rise in bullion interest.
    • Gold rate peaked at Rs.3,263 per gram on 17 January as the ongoing U.S. government shutdown affected markets globally, resulting in a rise in bullion as a safe-haven asset.
    • There was a slight dip in prices as the week ended due to demand vagaries as gold traded at Rs.3,246 per gram on 20 January. 

    January 2019 - Week 4 (21-27):

    • Despite minor fluctuations in overseas industrial offtake, gold rate in Hyderabad rose on strong retail demand and positive market cues.
    • The yellow metal traded at Rs.3,246 per gram on 21 January but waning investor interest saw prices fall to Rs.3,236 per gram on 22 January.
    • The market impact of Brexit and the U.S. government shutdown affected the dollar as local industrial demand rose and gold climbed to Rs.3,242 per gram on 24 January.
    • The political crisis in Venezuela increased gold’s safe-haven demand as the metal ended the week at Rs.3,277 per gram on 27 January.

    January 2019 - Week 5 (28-31): 

    • Festive demand and a weak dollar kept gold prices in Hyderabad on a steady rise after the metal was priced at Rs.3,285 per gram when trading opened on 28 January.
    • Overseas demand was also steady as fluctuating equity markets and global tensions over Brexit and the constitutional crisis in Venezuela resulted in increased offtake of safe-haven bullion.
    • Industrial interest in gold was also bullish despite weak demand from China, which raised overall demand for the metal.
    • Gold surged to Rs.3,326 per gram on 30 January before ending the month at Rs.3,321 per gram to record a 4.69% increase in value during the month.

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

    Parameters Gold price (24 karat)
    December 1 Rate Rs.3,045 per gram
    December 31 Rate Rs.3,165 per gram
    Highest Rate in December Rs.3,192 per gram on 11 December
    Lowest Rate in December Rs.3,045 per gram on 1 December
    Overall Monthly Performance Incline
    Percentage Change 3.94%
    Comparison for 24 K Gold Rates for Hyderabad December 2018
    Graph for Gold Rate (24K) in Hyderabad December 2018

    December 2018 - Week 1 (1 - 9):

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

    December 2018 - Week 2 (10 - 16):

    Parameters Gold price (per gram of 24 karat gold)
    December 10 Rate Rs.3,163 per gram
    December 16 Rate Rs.3,161 per gram
    Overall Weekly Performance Decline
    • Declining local demand and fluctuating overseas trends saw gold price in Hyderabad fall after a period of stability, as the metal opened trading at Rs.3,163 per gram.
    • Demand rose as markets fluctuated on increased volatility due to Brexit, which boosted gold rates to Rs.3,175 per gram on 12 December.
    • A recovery by the dollar dented the metal’s appeal overseas and local demand was also affected, resulting in gold trading at Rs.3,161 per gram on 16 December.
    • The week began with gold trading at Rs.3,045 per gram before prices surged to Rs.3,061 per gram on 3 December on higher order volumes from local jewellers due to the wedding season.
    • A volatile dollar and falling stock markets increased investor interest in gold, as the metal traded at Rs.3,102 per gram on 5 December amid mounting concern over economic growth.
    • The surge in demand continued for the rest of the week, with gold rates in Hyderabad closing the week at Rs.3,161 per gram on 9 December to record a rise of Rs.116 on positive sentiment.

    December 2018 - Week 3 (17 - 23):

    Parameters Gold price (per gram of 24 karat gold)
    December 17 Rate Rs.3,147 per gram
    December 23 Rate Rs.3,128 per gram
    Overall Weekly Performance Decline
    • In Hyderabad, gold began on a strong note this week before tapering off as days progressed. On the 17th, gold was priced at Rs.3,147 per gram.
    • There was a brief surge in demand as the global market saw gold trade higher. Gold rates were at Rs.3,154 per gram on the 18th.
    • A slowdown in local demand pushed gold rate in Hyderabad down to Rs.3,111 per gram on the 19th, which then went up to Rs.3,121 per gram.
    • Over the final two days of this week, gold was seen trading at Rs.3,128 per gram as demand went up slightly.

    December 2018 - Week 4 (24 - 31):

    Parameters Gold price (per gram of 24 karat gold)
    December 24 Rate Rs.3,143 per gram
    December 31 Rate Rs.3,165 per gram
    Overall Weekly Performance Incline
    • The final week began with gold price in Hyderabad recorded holding at Rs.3,143 per gram on the 24th with strong demand from investors and market participants amid the rising US-Sino trade war concerns.
    • The week witnessed safe-haven demand for the metal surging on account of the trade dispute and fears over a partial government shutdown in the US. This led to gold being priced at Rs.3,173 per gram on the 29th.
    • Trading concluded for the month with gold priced at Rs.3,165 per gram on the 31st on the back of the weakened US dollar and losing equities. Hyderabad registered a profit of 3.94% in domestic bullion trade during the course of the month.

    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.

    Trend of Gold Rate in Hyderabad for 2018 (24K Gold)

    Months First Day Last Day Highest Rate Lowest Rate Overall Monthly Performance Percentage Change
    January 2018 Rs.3,005 per gram Rs.3,045 per gram Rs.3,086 per gram on 16 January Rs.3,000 per gram on 4 January Incline 1.33%
    February 2018 Rs.3,077 per gram Rs.3,129 per gram Rs.3,161 per gram on 17 and 18 February Rs.3,035 per gram on 9 February Incline 1.68%
    March 2018 Rs.3,043 per gram Rs.3,072 per gram Rs.3,105 per gram on 24 and 25 March Rs.3,030 per gram on 19 March Incline 0.95%
    April 2018 Rs.3,072 per gram Rs.3,123 per gram Rs.3,153 per gram on 19 April Rs.3,064 per gram on 6 April Incline 1.66%
    May 2018 Rs.3,114 per gram Rs.3,122 per gram Rs.3,213 per gram on 15 May Rs.3,103 per gram on 3 May Incline 0.25%
    June 2018 Rs.3,100 per gram Rs.3,059 per gram Rs.3,127 per gram on 15 June Rs.3,054 per gram on 24 June Decline -1.32%
    July 2018 Rs.3,059 per gram Rs.2,986 per gram Rs.3,070 per gram on 7 July Rs.2,986 per gram on 18 & 31 July Decline -2.38%
    August 2018 Rs.2,983 per gram Rs.3,039 per gram Rs.3,039 per gram on 31 August Rs.2,800 per gram on 16 August Incline 1.87%
    September 2018 Rs.3,029 per gram Rs.3,074 per gram Rs.3,098 per gram on 19 September Rs.3,019 per gram on 3 September Incline 1.48%
    October 2018 Rs.3,071 per gram Rs.3,188 per gram Rs.3,211 per gram on 15 October Rs.3,071 per gram on 1 October Incline 3.80%
    November 2018 Rs.3,184 per gram Rs.3,045 per gram Rs.3,196 per gram on 6 November Rs.3,045 per gram on 30 November Decline -4.36%
    December 2018 Rs.3,045 per gram Rs.3,165 per gram Rs.3,192 per gram on 11 December Rs.3,045 per gram on 1 December Incline 3.94%

    Trend of Gold Rate in Hyderabad for 2017 (24K Gold)

    Months First Day Last Day Highest Rate Lowest Rate Overall Monthly Performance Percentage Change
    January 2017 Rs.2,884 per gram Rs.2,985 per gram Rs.2,997 per gram from 16th to 27th January Rs.2,884 per gram on 1st & 3rd January Incline 3.50%
    February 2017 Rs.2,985 per gram Rs.3,054 per gram Rs.3,054 per gram from 24th to 28th February Rs.2,985 per gram on 1st February Incline 2.33%
    March 2017 Rs.3,054 per gram Rs.3,011 per gram Rs.3,054 per gram on 1st and 2nd March Rs.2,968 per gram on 15th of March Decline -1.40%
    April 2017 Rs.2,956 per gram Rs.2,984 per gram Rs.3,040 per gram on 15 & 16 April Rs.2,954 per gram on 8 & 9 April Incline 0.94%
    May 2017 Rs.2,984 per gram Rs.2,968 per gram Rs.2,984 per gram on 1 May Rs.2,888 per gram on 15 May Decline -0.53%
    June 2017 Rs.2,977 per gram Rs.2,962 per gram Rs.3,030 per gram on 7 June Rs.2,942 per gram on 20 June Decline -0.05%
    July 2017 Rs.2,950 per gram Rs.2,920 per gram Rs.2,950 per gram on 1 & 2 July Rs.2,800 per gram on 14 July Decline -1.01%
    August 2017 Rs.2,931 per gram Rs.2,965 per gram Rs.2,980 per gram on 29 August Rs.2,900 per gram from 5-8 August Incline 1.16%
    September 2017 Rs.2,997 per gram Rs.3,040 per gram Rs.3,100 per gram on 8 September Rs.2,997 per gram on 1 September Incline 1.43%
    October 2017 Rs.3,040 per gram Rs.2,996 per gram Rs.3,059 per gram on 14 and 15 October Rs.2,996 per gram on 31 October Decline -1.44%
    November 2017 Rs.2,974 per gram Rs.2,996 per gram Rs.3,030 per gram 18 to 20 November Rs.2,974 per gram on 1 and 6 November Incline 0.73%
    December 2017 Rs.2,982 per gram Rs.3,015 per gram Rs.3,015 per gram on 30 and 31 December Rs.2,906 per gram on 13 December Incline 1.10%

    Trend of Gold Rate in Hyderabad for 2016 (24K Gold)

    Months First Day Last Day Highest Rate Lowest Rate Overall Monthly Performance Percentage Change
    January 2016 Rs.2,601 per gram Rs.2,775 per gram Rs.2,789 per gram on January 27th and 28th Rs.2,601 per gram from January 1st to 3rd Incline 7.23%
    February 2016 Rs.2,775 per gram Rs.3,068 per gram Rs.3,068 per gram from February 27th to 29th Rs.2,775 per gram on 1st and 2nd of February Incline 10.56%
    March 2016 Rs.3,068 per gram Rs.2,989 per gram Rs.3,093 per gram from March 12th to 16th Rs.2,989 per gram from 22nd to 31st of March Decline -0.81%
    April 2016 Rs.2,989 per gram Rs.3,154 per gram Rs.3,154 per gram on April 30th Rs.2,989 per gram from April 1st to 11th Incline 5.52%
    May 2016 Rs.3,154 per gram Rs.3,018 per gram Rs.3,155 per gram from the 8th to 11th of May Rs.3,003 per gram on the 30th of May Decline -5.06%
    June 2016 Rs.3,038 per gram Rs.3,112 per gram Rs.3,192 per gram on June 27th and on June 29th Rs.3,015 per gram on 4th of June Incline 5.87%
    July 2016 Rs.3,112 per gram Rs.3,249 per gram Rs.3,246 per gram on 6th and 7th July Rs.3,112 per gram on 1st July Incline 4.40%
    August 2016 Rs.3,249 per gram Rs.3,225 per gram Rs.3,283 per gram on 18th August Rs.3,225 per gram on 31st August Decline -0.73%
    September 2016 Rs.3,212 per gram Rs.3,279 per gram Rs.3,285 per gram from 24th to 26th September Rs.3,212 per gram on 1st and 2nd September Incline 2.09%
    October 2016 Rs.3,152 per gram Rs.3,067 per gram Rs.3,152 per gram on 1st & 2nd October Rs.3,021 per gram on 15th & 16th October Decline -2.69%
    November 2016 Rs.3,065 per gram Rs.2,942 per gram Rs.3,166 per gram on 9th November Rs.2,914 per gram on 25th November Decline -4.01%
    December 2016 Rs.2,893 per gram Rs.2,821 per gram Rs.2,895 per gram on 2nd December Rs.2,767 per gram on 26th December Decline -2.48%

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    News About Hyderabad Gold Rate

    • Gold Crosses Rs.33,000 But Silver Surges Ahead

      Gold traded at Rs.33,000 per 10 grams as jewellers raised orders due to the wedding season demand. On the overseas market, safe-haven demand saw the precious metal rise above $1,300 per ounce. 

      However the high price saw a dip in demand as gold prices settled at Rs.32,985 for 10 grams at the close of trading. Gold in India traded at a discount of Rs.240 per 10 grams as traders increased their silver offtake due to the relatively lower price of the industrial metal. 

      Silver prices meanwhile rose above Rs.40,000 per kg on a surge in demand from coin makers and industrial units. The high import cost of gold and its steady rise since December 2018 have been cited as reasons behind the drop in trader import volumes for the metal. 

      31 January 2019

    • Gold rates hit six-month high 

      Due to worries regarding a global economic slowdown and volatility in equities, gold prices on Thursday hit a six-month high. Spot gold touched its highest since June 15 with every ounce traded for 1,290.09 dollars while U.S gold futures was trading at 1,288.43 per ounce. The jump recorded in the prices of both spot gold and U.S gold futures were 0.3 and 0.5 per cent respectively. 

      On the global front, Asian markets recovered some of the losses on Thursday while US stock futures declined. US stock futures declined after a rare revenue warning from index heavy-weight Apple Inc added to the worries of slowing global growth. It needs to be mentioned here that Britain’s dominant services sector also reported the slowest sales growth in two years during the last quarter of 2018.  

      The world’s largest gold-backed exchange-traded fund i.e., SPDR Gold Trust’s holding rose by 0.97 per cent on Wednesday. The jump saw the holdings rise to 795.31 tonnes from 787.67 tonnes.  

      On Thursday, the rates of other precious metals like silver, platinum, and palladium also witnessed changes. While silver was up 0.4 per cent to 15.57 dollars per ounce, platinum was down 0.1 per cent to 793.40 per ounce. Palladium, however, gained 0.7 per cent to 1,263.60 dollars per ounce.

      3 January 2019

    • Gold and silver rates sharply increase today, 26 December 2018

      Gold prices increased slightly today because of fresh buying by jewellers. The augmented offtake by the makers of coin and industrial units caused an increase in silver prices. While silver rates have increased to Rs.38000 from Rs.37800, gold prices also increased by Rs.175 per 10 gram at the bullion market. Gold price of 99.9% increased by Rs.175 and gold price of 99.5% purity also increased by Rs.175 per 10 grams respectively. On Saturday, gold rate was down by Rs.130. Today, sovereign retailed at Rs.25,000 a piece of 8 gram, while silver prices has gone up by Rs.200 per kg. Weekly-based delivery also increased by Rs.2 per kg. Silver coins remained steady at Rs.74,000 for purchasing and Rs.75,000 for selling of 100 pieces. On safe-haven demand, the price of yellow metal has gone up to its 6-month highs. Spot gold increased by 0.4% at $1260.64 an ounce. A few market analysts are positive on gold for the forthcoming year. Carlo Alberto De Casa, ActivTrades Chief Analyst, said, “The yellow metal is anticipated to play a significant role as a safe haven on the fears of additional falls in equity markets and anticipations for an additional dovish US Federal Reserve.”

      28 December 2018

    • Gold prices fall, silver steady

      Gold prices in the country fell on Monday owing to weak demand from domestic jewellers and lower global prices. As of Monday, gold rates were Rs.32,000 per 10 gram having fallen by Rs.190. Silver prices, however, remained steady in the country with every kilogram costing Rs.38,400.

      In the national capital gold of 99.9 per cent and 99.5 per cent purity dropped by Rs.190 each. While 10 gram of 99.9 per cent pure gold cost Rs.32,000, 10 gram of 99.5 per cent pure gold cost Rs.31,850. Sovereign gold prices remained steady with every piece of 8 gram costing Rs.25,000.

      It needs to be mentioned that silver-weekly based delivery declined by Rs.124 to Rs.37,930 per kilogram. Silver coins remained unchanged at Rs.74,000 for buying and Rs.75,000 for selling of 100 coins. On the global front, spot gold was unchanged at 1,238.12 US dollars per ounce.

      20 December 2018

    • Gold Breaks Losing Streak on Strong Local Demand

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

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

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

      3 December 2018

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

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

      26 November 2018

    • Gold Prices Recover On Increased Festive Demand, Global Cues

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

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

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

      18 November 2018

    • Gold rates inch higher amid the losing dollar

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

      24 September 2018

    • Gold Prices Dip on Weak Global Trend, Silver Rises

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

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

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

      8 September 2018

    • Gold Drops on Strong Dollar

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

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

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

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

      2 July 2018

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