Gold Rate In Telangana Today

  • Today's Gold Rate in Telangana ( 17 Jan 2021 )

    ₹ 4,550
    Today's Gold Rate (22K) per gram

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

    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,550 ₹ 4,600 ₹ -50 ↓
    Standard Gold (22 K) ( 8 grams ) ₹ 36,400 ₹ 36,800 ₹ -400 ↓
    Pure Gold (24 K) ( 1 gram ) ₹ 4,964 ₹ 5,018 ₹ -54 ↓
    Pure Gold (24 K) ( 8 grams ) ₹ 39,712 ₹ 40,144 ₹ -432 ↓

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    16 Jan 2021 ₹ 4,550 ₹ 36,400 ₹ 4,964 ₹ 39,712
    15 Jan 2021 ₹ 4,600 ₹ 36,800 ₹ 5,018 ₹ 40,144
    14 Jan 2021 ₹ 4,575 ₹ 36,600 ₹ 4,990 ₹ 39,920
    13 Jan 2021 ₹ 4,621 ₹ 36,968 ₹ 5,041 ₹ 40,328
    12 Jan 2021 ₹ 4,589 ₹ 36,712 ₹ 5,006 ₹ 40,048
    11 Jan 2021 ₹ 4,590 ₹ 36,720 ₹ 5,007 ₹ 40,056
    10 Jan 2021 ₹ 4,631 ₹ 37,048 ₹ 5,051 ₹ 40,408
    09 Jan 2021 ₹ 4,751 ₹ 38,008 ₹ 5,181 ₹ 41,448
    08 Jan 2021 ₹ 4,751 ₹ 38,008 ₹ 5,186 ₹ 41,488
    07 Jan 2021 ₹ 4,801 ₹ 38,408 ₹ 5,237 ₹ 41,896

    Weekly & Monthly Graph of Gold Rate in Telangana

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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.

    Gold Price In Telangana

    Telangana is one of the newer states in India, formed in June 2014 with Hyderabad as its capital city. It is also the twelfth largest state in India by area and has a population of over 35 million people according to the 2011 census. Its capital, Hyderabad, is a princely state ruled by the Nizam of Hyderabad, and its inclination towards grandeur is no secret. In essence, majority of the people in Telangana purchase gold whether it is in the form of jewellery for daily use or special occasions, gold coins and bullions, ETFs, E-Gold, etc.

    Demand for gold is increasing in Telangana as people tend to make purchases whenever there are festivals. Since gold is considered an auspicious element, purchases are made all year round, keeping the dealers on their feet and the customers satisfied.

    Gold Rate Trend in Telangana for July 2020 to September 2020 (per gram of 24 karat gold)

    Factor July August September
    1st Day Rs.5,049 per gram Rs.5,583 per gram Rs.5,221 per gram
    Last Day Rs.5,561 per gram Rs.5,360 per gram Rs.5,354 per gram
    Highest Price Rs.5,561 per gram on 31 July Rs.5,914 per gram on 8 August Rs.5,408 per gram on 21 September
    Lowest Price Rs.5,049 per gram on 1 July Rs.5,359 per gram on 30 August Rs.5,019 per gram on 26 September
    Trend Incline Decline Incline
    Change 10.14% -3.99% 2.54%

    Gold Rate Trend in Telangana for April 2020 to June 2020 (per gram of 24 karat gold)

    Factor April May June
    1st Day Rs.4,150 per gram Rs.4,670 per gram Rs.4,917 per gram
    Last Day Rs.4,720 per gram Rs.4,898 per gram Rs.5,067 per gram
    Highest Price Rs.4,720 per gram on 30 April Rs.4,909 per gram on 26 May and 27 May Rs.5,067 per gram on 30 June
    Lowest Price Rs.4,150 per gram from 1 April to 5 April Rs.4,621 per gram on 2 May Rs.4,837 per gram on 8 June
    Trend Incline Incline Incline
    Change 1.3% 0.59% 3.05%

    Quarterly Gold Rate in Telangana from April to June:

    • On 1 April 2020, the price of gold in Telangana was at Rs.4,150 per gram. On 30 April 2020, the price of gold was at Rs.4,720 per gram. This was also the highest rate that gold hit for the month. Overall, gold prices in Telangana saw a 1.3% increase in its rates for the month.
    • Gold opened at the rate of Rs.4,670 per gram for 24 karats in the month of May in Telangana. The last week of the month witnessed the prices going up and down again due to the various political and economic factors which played a direct role. Despite the uncertainty regarding the rise and drop in gold prices, the yellow metal touched its highest rate on 26 May and 27 May at Rs.4,621.
    • The price of the metal opened the month of June at Rs.4,917 per gram and showed an overall declining trend with risk appetite amongst investors increasing. The metal closed the month at Rs.5,067 per gram on 30 June with an overall percentage decline of 3.05%.

    Gold Rate Trend in Telangana for January 2020 to March 2020 (per gram of 24 karat gold)

    Factor January February March
    1st Day Rs.3,922 per gram Rs.4,077 per gram Rs.4,185 per gram
    Last Day Rs.4,074 per gram Rs.4,185 per gram Rs.4,150 per gram
    Highest Price Rs.4,125 per gram on 8 January Rs.4,305 per gram on 24 February Rs.4,443 per gram on 6 March
    Lowest Price Rs.3,919 per gram on 2 January Rs.4,030 per gram on 6 February Rs.4,026 per gram on 19 March
    Trend Incline Incline Decline
    Change 3.87% 2.64% -0.83%

    Quarterly Gold Rate in Telangana from January 2020 to March 2020:

    • The price of gold in Telangana opened at Rs.3,922 and closed at Rs.4,074 on the last day of the month of January. The price of gold was impacted due to the trade tensions between U.S and China. The escalation of political tensions between the Middle East and U.S played a role in Gold touching its highest on 8 January at Rs.4,125 per gram. However, the price of yellow metal fluctuated and as things got better between U.S and China followed by easing of conflict between U.S and Middle East, the price of gold fell as investors turned to riskier assets. The price of gold in Telangana was the lowest on the second day of January 2020 at Rs.3,919. The price of gold for the month of January rose by 3.87%
    • The gold prices in Telangana for the month of February opened at Rs.4,077 per gram due to the reports of outbreak of Coronavirus which played a role in the gold prices rising. The highest price the yellow metal touched was Rs.4,305 on 24 February as Covid-19 impacted the global markets forcing investors to turn towards gold which is considered to be a safe haven. The price of gold fluctuated and touched its lowest on 6 February at Rs.4,030 per gram as stock markets looked up due to monetary policy intervention by the Chinese Central Bank. The gold price closed at Rs.4,185 with the overall price of gold for the month of February rising by 2.64%.
    • The month of March saw the gold prices opening at Rs.4,185 per gram and closing at Rs.4,150 per gram. The gold prices touched its highest on 6th March at Rs.4,443 as the outbreak of Coronavirus severely impacted the global markets forcing investors to turn to gold which is considered to be a safe haven. The price of yellow metal fell on 19th March at Rs.4,026 as investors sold their shares in order to hoard cash as global economy went through a turbulent time. The poor U.S job claims report also played a role in the price of yellow metal fluctuating throughout the month. Overall, the month of March turned out to be a disappointing month as the overall price of gold in Telangana declined by 0.83%.

    Also Check Gold Price in Metro Cities

    Gold Investment Avenues in Telangana

    Gold can be bought in different forms based on the distinctive investment requirements of the investors. Following are the most convenient options to consider.

    Market trade: E-Gold, future contracts and ETFs (Exchange Trade Funds) are the most common trading opportunities for those who are considering the purchase of gold. E-Gold may be bought and sold via the National Spot Exchange Limited and buyers are granted the option of choosing whether or not they intend on physically owning their purchase. Future contracts offer investors protection against market fluctuations and buyers will be able to possess the metal on a predetermined date. With regards to ETFs, they are the safest option for investors as they provide competitive returns and can also be traded on the Mumbai Stock Exchange.

    Over-the-counter: Most of the gold investors in Telangana prefer to buy gold in the form of jewellery, coins and bullions. Gold coins and bullions can be purchased from a number of dealers and banks across the state, and local prices are often affected by international rates. While local dealers offer some of the best rates you can find the state, banks usually charge higher prices in comparison owing to quality assurance. However, local shops offer varying prices that help customers in finding the right kind of jewellery that is within their budget.

    Also Check Gold Prices in the Cities of Telangana

    Read More On Gold

    Significance of Gold in Indian Culture

    Gold has been embedded within the fabric of Indian culture for centuries and the country’s fascination with the precious metal continues to this day. Learn more about the significance of gold in Indian culture and why it is held in high regard.

    Significance of Indian Jewellery

    Indian jewellery and ornaments are held in great regard all over the world due to their craftsmanship and intricacy. Learn more about how and why gold and Indian jewellery hold a significant place in Indian culture and history.

    India’s Love for Gold

    It’s not secret that India has a huge affinity for gold. This is driven home by the fact that India is the largest consumer of gold in the world. Find out more about why India’s obsession with gold continues to this day.

    News About Telegana Gold Rate

    • Gold Prices Edge Downward on Strengthening Dollar

      The price of gold fell as a rising dollar dented the yellow metal’s appeal. Investors chose to sell gold after the metal’s value surged following the stock market crash earlier this week, which prompted a drop in gold prices.

      U.S. gold futures fell by $5.70 to trade at $1,239.68 per ounce. The rapid rise in gold prices was only monetarily stalled by the resurgent dollar, with analysts predicting a return to gold’s winning ways by the middle of the week.

      The dollar had risen to its highest rate since the middle of August as U.S. equities fell into the red, reflecting a global downturn in equities. Concerns over Italy’s budget and Brexit have weighed down markets in Europe, increasing investor interest in bullion as a safe-haven hedge.

      23 October 2018

    • Gold bullion falls due to rise in world stocks

      Gold prices rose to its best position in three days on the back of weakening U.S Dollar and stock market performances. However bullion staged a dramatic u-turn by falling from its best position in three weeks due to rising world stocks, which reached their highest levels in over 4 months. A marked increase in oil prices in tandem with strong Chinese economic data also contributed to the drop in bullion prices. Spot gold however rose by 0.4 per cent to close at $1,231.96 per ounce, while silver prices reached a 10 month high over the week.

      18 April 2016

    • Gold ETFs buying increases and reaches 6 year high

      Gold is enjoying its best days now, the precious metal went as high as $32 for an ounce, after market trends in US put doubts into equity and other securities. Gold ETFs for April in the Comex market of New York, were traded at $1,240.40 for an ounce. The metal has reached an 18% high already this year, thanks to weak market trends globally. The ETF outflows for 2015 were 133 tonnes, and only in January came back with a bang, with roughly 57 tonnes, paying almost $2 billion. Just in this week of February, gold picked up 50 tonnes in only 2 days.

      25 February 2016

    • Open Interest Rises By 3.98% As Buying Of Gold Increases

      After the turmoil in the price of gold in the last few months of 2015, the prices of gold so far in 2016 have managed to stay up by 16%. The price of gold also came up to Rs. 29,515 in the expectation that the low interest rates will support this position. Even the discount being offered on gold went up from US$ 35 to US$ 50 per troy ounce. This has been the highest discount recorded so far. Consumers are also waiting to see if the import duty on gold will be reduced by the government from the current 10%. The current situation of the gold markets are being considered to be under fresh buying with the open interest rising by 3.98%.

      22 February 2016

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