Hyderabad, the land of Nizams, shares a long intimate history with gold. People here have a special affinity for gold jewellery and ornaments. The gold rates here depend on many domestic as well as international factors including inflation, global policies, central bank gold reserve, seasonal demand, etc. Today Gold rate in Hyderabad is ₹ 79,470 per 10 grams for 24 Carat and ₹ 72,850 for 22 Carat.
Gram | 24K Gold Price | Daily Price Change |
---|---|---|
1 gram
|
₹ 7,947 | ₹ 0 |
8 grams
|
₹ 63,576 | ₹ 0 |
10 grams
|
₹ 79,470 | ₹ 0 |
100 grams
|
₹ 7,94,700 | ₹ 0 |
Gram | 22K Gold Price | Daily Price Change |
---|---|---|
1 gram
|
₹ 7,285 | ₹ 0 |
8 grams
|
₹ 58,280 | ₹ 0 |
10 grams
|
₹ 72,850 | ₹ 0 |
100 grams
|
₹ 7,28,500 | ₹ 0 |
Date | Pure Gold (24K) | Standard Gold (22K) | % Change |
---|---|---|---|
11 December 2024
|
₹ 79,470 | ₹ 72,850 | +1.11% |
10 December 2024
|
₹ 78,600 | ₹ 72,050 | +1.05% |
09 December 2024
|
₹ 77,780 | ₹ 71,300 | 0% |
06 December 2024
|
₹ 77,620 | ₹ 71,150 | -0.35% |
05 December 2024
|
₹ 77,890 | ₹ 71,400 | +0.13% |
04 December 2024
|
₹ 77,790 | ₹ 71,310 | +0.01% |
03 December 2024
|
₹ 77,780 | ₹ 71,300 | -0.27% |
02 December 2024
|
₹ 77,990 | ₹ 71,490 | 0% |
29 November 2024
|
₹ 78,110 | ₹ 71,600 | +0.99% |
28 November 2024
|
₹ 77,350 | ₹ 70,900 | -0.21% |
27 November 2024
|
₹ 77,510 | ₹ 71,050 | +0.35% |
26 November 2024
|
₹ 77,240 | ₹ 70,800 | -1.67% |
25 November 2024
|
₹ 78,550 | ₹ 72,000 | 0% |
22 November 2024
|
₹ 78,820 | ₹ 72,250 | +1.53% |
21 November 2024
|
₹ 77,630 | ₹ 71,160 | 0% |
Hyderabad, the land of Nizams, shares a long intimate history with gold. People here have a special affinity for gold jewellery and ornaments, which reflects in the sky-rocketing gold purchases each year during festivals and weddings. Many also donate this precious metal in temples in these seasons and during religious ceremonies.
Besides this cultural significance, investors resort to gold for fixed income securities and equities. Unarguably, this yellow metal serves as a portfolio diversifier and a safe investment tool for the long run. Interestingly, the gold prices in Hyderabad are directly influenced by the global gold rates. Other international factors include global production, strength of currency, fluctuating rates of interest, crude oil prices, and international trade policies.
Besides, state taxes, octroi, seasonal demand, Central Bank gold reserves add to the change in the billing structure of gold. Nonetheless, the gold trade continues with fervour in this Biryani haven.
The city is also catching up slowly with the trend of investing in digital gold. Some of the popular investment options include ETFs, gold funds, gold futures, sovereign gold bonds, and gold mutual funds.