The gold rates in Hyderabad depends on the global gold rates, which are affected by many international factors including inflation, change in global prices, central bank gold reserve, fluctuating rates of interest, jewelry markets.?We have given gold rates today in Hyderabad for our valuable readers. We hope you find the updated rates really useful.
|Gram||22 Carat Gold
|22 Carat Gold
|Daily Price Change|
|1 gram||₹ 4,341||₹ 4,395||₹ -54|
|8 gram||₹ 34,728||₹ 35,160||₹ -432|
|10 gram||₹ 43,410||₹ 43,950||₹ -540|
|100 gram||₹ 4,34,100||₹ 4,39,500||₹ -5,400|
|Gram||24 Carat Gold
|24 Carat Gold
|Daily Price Change|
|1 gram||₹ 4,620||₹ 4,670||₹ -50|
|8 gram||₹ 36,960||₹ 37,360||₹ -400|
|10 gram||₹ 46,200||₹ 46,700||₹ -500|
|100 gram||₹ 4,62,000||₹ 4,67,000||₹ -5,000|
|Date||22 Carat||24 Carat|
|May 1, 2020||₹ 43,410 -540||₹ 46,200 -500|
|Apr 30, 2020||₹ 43,950 -470||₹ 46,700 -490|
|Apr 29, 2020||₹ 44,420 180||₹ 47,190 190|
|Apr 28, 2020||₹ 44,240 -500||₹ 47,000 100|
|Apr 27, 2020||₹ 44,740 2120||₹ 46,900 970|
|Apr 26, 2020||₹ 42,620 10||₹ 45,930 10|
|Apr 25, 2020||₹ 42,610 110||₹ 45,920 110|
|Apr 24, 2020||₹ 42,500 840||₹ 45,810 510|
|Apr 23, 2020||₹ 41,660 610||₹ 45,300 520|
|Apr 22, 2020||₹ 41,050 650||₹ 44,780 680|
|Gold Rates||22 Carat||24 Carat|
|1 st April rate||Rs.39,440||Rs.43,080|
|30th April rate||Rs.43,950||Rs.46,700|
|Highest rate in April||Rs.44,740 on April 29||Rs.47,190 on April 29|
|Lowest rate in April||Rs.39,440 on April 1||Rs.43,080 on April 1|
|Over all performance||Rising||Rising|
|Gold Rates||22 Carat||24 Carat|
|1 st March rate||Rs.39,870||Rs.43,670|
|31st March rate||Rs.39,510||Rs.43,160|
|Highest rate in March||Rs.42,310 on March 6||Rs.46,160 on March 6|
|Lowest rate in March||Rs.38,340 on March 19||Rs.41,920 on March 19|
|Over all performance||Falling||Falling|
|Gold Rates||22 Carat||24 Carat|
|1 st February rate||Rs.39,220||Rs.42,750|
|29th February rate||Rs.39,860||Rs.43,660|
|Highest rate in February||Rs.41,000 on February 24||Rs.44,700 on February 24|
|Lowest rate in February||Rs.38,380 on February 6||Rs.41,880 on February 6|
|Over all performance||Rising||Rising|
|Gold Rates||22 Carat||24 Carat|
|1 st January rate||Rs.37,350||Rs.40,750|
|31st January rate||Rs.38,800||Rs.42,330|
|Highest rate in January||Rs.39,270 on January 8||Rs.42,860 on January 8|
|Lowest rate in January||Rs.37,320 on January 2||Rs.40,720 on January 2|
|Over all performance||Rising||Rising|
|Gold Rates||22 Carat||24 Carat|
|1 st December rate||Rs.36,270||Rs.39,570|
|31st December rate||Rs.37,220||Rs.40,660|
|Highest rate in December||Rs.37,300 on December 28||Rs.40,690 on December 28|
|Lowest rate in December||Rs.35,910 on December 11||Rs.39,170 on December 11|
|Over all performance||Rising||Rising|
|Gold Rates||22 Carat||24 Carat|
|1 st November rate||Rs.36,740||Rs.40,070|
|30th November rate||Rs.36,460||Rs.39,770|
|Highest rate in November||Rs.37,050 on November 2||Rs.40,410 on November 2|
|Lowest rate in November||Rs.36,110 on November 28||Rs.39,390 on November 28|
|Over all performance||Falling||Falling|
In Hyderabad, the precious metal is sold as jewelry and coins.
The ornament metal is mainly used for individual consumption, and it has more demand during the marriage, festivals, special occasions. Panjagutta, in Hyderabad, is one of the locations where most of the popular jewelry outlets are located.
?It is also viewed as a form of investment and is invested for short and long period. Gold is also considered as a mode of investment. The investor can sell the gold at any point in time, and the return on investment is guaranteed and reliable.
?Gold in India tracks international gold prices, while the other two variables remain the rupee rates against the dollar and import duties levied by the government of India.??Some of the well known famous jewelry brands have a presence in the city of pearls. The top jewelry houses in the town are Jagadamba Pearls, Krishna Pearls & Jewelers, Manepally Jewelers, More Jewelers, Tibarumal Jewels, Shree Jewelers, Shri Ram Jewelers, Mangatrai Pearls & Jewelers and so on.?
Gold is the most valuable of all elements. Gold Is very soft when it is in a pure state. Gold is measured in karats which has "K" as a symbol. These Karats (K) tells us how much amount of gold is present in the metal alloy. Gold is calculated in 22karats and 24 karats. Here the gold is 100 per cent in 24 karats without alloy metal and 22 karats 91.7 per cent of gold with alloy metal. But nothing is less than 20k in the Indian market. There are different types of gold can be available they are yellow gold, rose gold.
Gold is yellow when pure, and the intensity of yellow color depends on some other elements alloyed with it. The higher the karat weight, more intense is the color. Rose Gold is another popular colored gold used in jewels. The pinkish gold can be owed to a larger proportion of copper in the gold alloy, making it more durable simultaneously. There are different ways to check the purity of gold but the general method that knows to is the Acid test.
This test is the cheapest method used to check gold. It comes with black stone and with different acids. If a drop of acid is placed on gold and it reacts then the purity of gold is lesser than the karats mentioned in the acid solution bottle.
The other method to check the purity of gold is electronic gold testers. With this device we can check the purity of gold, and even the metal is gold or not. The next one is X-ray fluorescence spectrometers (XRF) and this method tells accuracy of gold surely, but it costs high.? We can purify the gold through mobile applications like Gold Test + Prices Free, Gold Density, Metal Detector.
Since time immemorial, people consider gold as an asset which is not only passed on from one generation to another, but it is also used as security during the financial emergency situation. People start investing in gold in various forms, prominent among them are as follows.
Jewelry: Hyderabad, the capital city of Telangana has biggest gold jewelry buyers in South India.
Coins: People buy gold coins as a part of investment purpose. The gold coins are available in different weights and karats.
Bullions: Investors also purchase bullions which are in the form of bars or ingots. The value is determined by the weight and cost of the precious metals.
Commodity Exchange: Gold is traded as a commodity for a variable time duration in Multi commodity exchange (MCX), National Spot Exchange limited or in the National Commodity & Derivatives Exchange (NCDEX).?
There is no equation or formula which gives the probable gold rates in Hyderabad. There are a number of reasons which affects the gold rates in Hyderabad. But few investors buy and sell gold in Hyderabad depending upon the moment in following factors.
1. Gold related News
Everyday there will be some or other news regarding gold, which you can follow on goodreturns.in. For example gold goes down due to firm US Dollar or sometimes due to weak global cues or sometimes Gold up is due to feeble US Dollar. There will be some or other news which help the investors to buy or sell gold. Like when the gold prices in Hyderabad or down the investors start investing in gold and will sell the gold whenever the gold rates in Hyderabad goes high.
2. Silver rate in Hyderabad
There will be some relation between metals not only silver all the metals. One can also follow silver rates in Hyderabad on goodreturns.in. Few Investors follow all precious metals rates to assume the future moment of gold rates in Hyderabad.
3. Exchange rates of Indian Rupee
The market includes rupee rates, gold rates, stock prices and etc. All these are interrelated in some or other way. So the exchange rates of Indian rupee with other currencies will also affect gold rates in Hyderabad.
Not only these market moment also plays a key role in gold price moment in hyderabad. But most of the investors follow above parameters to assume gold rates in Hyderabad.
The gold which we see or purchase in the Hyderabad gold market is mixed or combined with some other metals like copper, nickel, silver, palladium, and zinc. The least or cheapest gold alloyed with silver & copper is called pink gold.
When rose gold combined with either silver or copper, the resultant is green gold. White gold is the combined form of palladium, nickel & zinc, which is costlier. The yellow gold is alloyed or mixed with silver, copper, and zinc.
The carats defines the purity of gold as to how much of gold is exactly alloyed. Different types of purities of gold available in Hyderabad are:
24 carats -99.9%; 23 carats -95.6%; 22 carats -91.6%; 21 carats -87.5%; 18 carats -75.0%; 17 carats -70.8%; 14 carats -58.5%; 10 carats -41.7%; 9 carats -37.5%; 8 carats -33.3%.
Once you check the live gold rates in Hyderabad for 22 karats and 24 karats, it is time to buy gold in Hyderabad. You can buy gold in a number of ways in Hyderabad. The most popular of course is the physical gold, where you can go ahead and buy 22 karats and 24 karats gold. The other mechanism for buying gold is the coins and bars. You can buy gold through the futures and options mechanism as well from Multi Commodity Exchange, also called MCX. On this exchange, you receive gold in the form of 22 karats and 24 karats. Once you purchase gold in Hyderabad through this mechanism, it is important that you square up your position. This is because in the futures market you cannot take physical delivery of shares, but need to settle the position. There are other mechanisms where you can buy gold and these include the sovereign gold bonds, gold coins etc. You can choose the one that best suits you. Now there is nothing called an ideal method of buying gold. Most of the time, you need to make a choice on which is the best method of buying gold in Hyderabad. If you are not familiar with gold ETFs then it is the best to stay away from them. On the other hand, if you are aware of the nitty gritties of buying and selling physical gold, you should go for them. There is no single way that you can make money in gold. All of the methods lead to the same objective. The one thing that we need to mention is that you need to hold onto the long term to really make money from gold in Hyderabad. You have to be patient and patience would ultimately pay rich dividends. Choose from the many plethora of options that you get for buying gold in Hyderabad. The best of course is the electronic form, which is cheap and also very reliable.
Yes, the Gold price in Hyderabad remains same though it maybe in physical form or the electronic form. There are few charges in physical gold which are not applicabe in the electronic gold. If you are buying gold in the electronic gold, you will be getting gold on every rupee you spend. Before, there were only bonds and ETFs if we want to buy electronic gold. Now a new method has come up to buy gold which is called Paytm gold, and you can buy gold here as per the gold prices in Hyderabad on that day.
Buying gold in Paytm is the easiest method of buying gold as of now because in Paytm you can buy and sell gold on any random day. There is no time barrier like you should buy or sell gold in trading hours. The minimum amount of the gold you can buy is two grams and up to two-kilo grams you can buy. We all know that the physical gold will not be hundred per cent pure. There is some additional metal for the strength, and the making charges will be applicable on the physical gold we buy. So while buying physical gold with gold rates in Hyderabad, you should pay the additional costs.?
?916 Gold prices in Hyderabad
If you ever wondered what is 916 gold prices in Hyderabad today, it is nothing, but the normal 22 karats gold that you purchase. In fact, investors often ask the question: why 916? This is because the precious metal is 91.6 per cent pure, when you call it 22 karats.? In fact, 2 karats is 99.9 per cent pure, which is why it is called 24 karats gold. In any case, it depends which types of gold, you wish to buy in Hyderabad. If you are looking at gold jewellery, then you can buy the 22 karats gold. This is because you can never have gold jewelry of 24 karats. Let us give an example. When you buy gold jewelery in Hydeabad it has to be mixed with alloys, otherwise it will break. On the other hand you can get gold coins in 22 karats and 24 karats and also the lesser purity of 18 karats. We wish to state that if you are looking for higher variety of the precious metal, it would be a great idea to buy into gold coins and bars. Now another thing that is worth mentioning is that you must check the purity of gold that you are buying, before you buy the same. This is because the chances are very bright that you may be in for trouble, if you have not bought into hallmarked gold. So, go for the hallmarked variety of gold, so you are assured on the quality and the other aspects in Hyderabad. Remember, that if you are not buying hallmarked gold you could very well be fooled. This is because then quality becomes a big question mark. Another reason is that not many know that there could be some place where you could still not get pure gold. So, stay on guard at all times, when buying gold in Hyderabad.?
There are many reasons why gold prices tend to fluctuate in Hyderabad. If the government imposes some duties say for example, excise, the chances are bright that gold prices in the city would go higher. This is largely done to curb the consumption of gold, especially when prices of the precious metal dip. If you are looking to buy gold, it would be a good idea to buy the precious metals on decline. Also, watch for how the rupee behaves against the US dollar. Any sharp rise in the currency against the dollar means gold prices are bound to fall. However, the movement of the currency depends on a whole host of factors including interest rate movement and the current account deficit of the country. In any case those desiring to buy gold should try and seek some advise from the experts, especially if they are investing large amounts. If you are buying gold for your own consumption there is very little that can be done, but to buy at the current market prices.
?Karat is a measure of the purity of gold. There are different karats of gold namely 24 karats, 18 karats, 14 karats, ten karats.
?Let's see the difference between 24 Karats and 22 Karats gold.
24 Karats gold– 24 karats is also referred to a pure gold or 100 percent gold. The reason behind this is 24 parts in the gold are all in the pure form without traces of any other metals. It is known to be 99.9 percent pure and thus it takes on a distinct bright yellow color. The 24 karat gold is the highest form of gold, and hence it is naturally expensive than other karats of gold.
?The 24 karat gold has less density, which makes it soft and can be easily bent. Due to this nature of 24 karat gold is not suitable for making jewelry. Coins and bars are made of 24k gold.
?22 Karats gold – 22 karats gold is made up of 22 parts of gold, and the balance of 2 parts are made out of other metals like silver, nickel, zinc, other alloys. In 22 karats gold, only 91.67 percent contains pure gold. The remaining 8.33 percent comprises of metals. The addition of metals to gold makes the texture of gold harder and thus making the jewelry more durable.
?22 karat gold is not suitable for diamonds and heavily studded jewelry.?
Like all other cities, you have 18 karats gold, which is also available in Hyderabad. However, investors and individuals would often like to know whether you can buy 18 karats gold in Hyderabad. While you can, the jewellery strength would be more stronger, because of the high metal content. For example, we may see the ornament stronger because there maybe a high content of copper in the ornament. If you do not have the budget to buy a 22 karat ornament, it is fine if you buy a 18 karat one. However, remember when you want to sell the same, you would not get the same price. Another worrying factor is that you may not be able to sell the same. it is hence always a better proposition to buy into 22 karats gold, as you are assured of some value for the precious metal. Those who are looking to buy for the very long term should not worry so much about 18 karts, 22 karats or even 24 karats. just go ahead and buy.
There are a few things that one should do, before buying gold in Hyderabad. The first is that one should check for purity. Look for the BIS standard mark, which you cannot miss. 24 karats is the purest for of gold of 999 . You get 22 karats of 916. Another thing that you must do? before buying gold in Hyderabad is to look at the hallmarking centre. There are many hallmarking centres where the gold is hallmarked. You cannot miss these centres when buying gold. Jewelers also have their own hallmarking that is done. Another important point worth mentioning, when buying gold jewelery is not to forget to take the cash memo. This is very important, if you want to sell the gold at a alter stage, either to the jewelery showroom or to any third party in the future.
If you had to buy gold in Hyderabad sometime in 2006, you would have tripled your money by 2016. This is pretty decent returns and beats most asset classes, including the real estate and fixed deposits, though shares could have performed slightly better as compared to gold. However, if you are now investing with a long-term perspective gold investment has always yielded good results. It is hence a good idea to stay invested in gold for investors in Hyderabad. However, the problem for gold is that returns from the precious metal tends to get taxed, which reduces the overall returns. However, for investments like equities, there is no tax if you sell the investment after one year. The other problem for gold is that some things like coins and bars maybe relatively less liquid, as compared to equities. So, if you are looking at investment gold etfs would be the best option.
It is extremely important to check the purity of gold, before buying gold in Hyderabad. You can buy various quality of gold whether it is 22 karats or 24 karats gold. However, it is very important to check the purity of gold before buying. You can buy only hallmarked jewelery in India. Most jewelers go for hallmarked jewelery and get the same at essaying centres across India, through the BIS. So, if you are buying gold in Hyderabad look for the hallmark logo, including the date of manufacture of the gold and gold ornaments. Gold prices in Hydeabad have dipped over the last few months and we hope that there maybe no further downside in the prices of gold.
It is extremely difficult to get similar returns of almost 25 per cent, that gold prices had seen in 2017. As we head into 2018, it is likely that we may see a more stable set of returns in the coming year. The problem right now for gold prices in Hyderabad to move higher, is the international gold rates, which are moving in a range. For example, it is likely that we may see higher interest rates in the US. When that happens, we would see gold rates fall, because individuals would start disposing of gold and placing money in bonds, which would start yielding higher returns. From that point of view, we are little pessimistic, when it comes to gold prices moving higher. So, if you are looking to buy gold in Hyderabad, it would be best to buy in small quantitities or rather buy gold on dips.
Today gold rates in Hyderabad are determined based on various factors. These include things like currency movement, local tariffs and also the international gold rates. However, a major portion of the fluctuation for gold rates in Hyderabad depend on the latter. For example, when gold prices internationally move up, it would automatically be reflected in the prices in Hyderabad. Now, gold prices in the international markets depend on a host of factors including currency movement, global bonds yields and how interest rates are expected to move in the future. In short, if you are trying to predict gold rates in Hyderabad today, do not do it. This is because, as we mentioned gold rate movement depends on a host of factors.?
The BIS Hallmark Gold Jewelry consists of"?
? BIS logo
? Logo of the assaying center
? Logo or code of the jeweler
? The purity of gold 22K916 for 22 Karat gold and 18K750 for 18 Karat gold and 14K585 for 14 Karat gold
Gold is one of the most precious metal and also a metal with very high standards. Gold carries few unique abilities due to which its standards are high such as portability, lasting, trustworthy, stability, diversion.
1) Portability - The most important ability of gold which increases its standard is its nature of portability and its extreme density. Due to this nature, one can carry and handle it very easily.
2) Lasting - Gold lasts longer. It doesn't corrode so there will be no chance of losing it value due to corrosion. This nature of gold is very easy to understand for people in Hyderabad because one would have seen the gold ornaments in Salar Jung museum which are hundreds of years old but haven't corroded. This nature of non-corrosion is there for only a few noble metals in which gold is one.
3) Trustworthy - Gold will never lose its value and there is no chance that gold will lose its purity and quality due to climate, time or any other changes. Until it is manually alloyed with any other metal.
4) Stability - The supply of gold in the world is stable from ages. There is no chance that at a sudden gold production will increase and gold rates in Hyderabad will fall.
5) diversion - Few metals are having very high industrial use such as silver and platinum. When it comes to gold annually only 100 tons of gold is used for manufacturing of conductors.
?Not only the above five reasons which have set the standard of gold. There are many properties gold is having which makes it unique. These standards and properties of gold attract investors in Hyderabad towards gold. Even the live gold rates in Hyderabad explains you few things such how the world economy is connected to gold. If the live gold rates in Hyderabad changes that mean there is some instability in the economy somewhere.
It is not a simple job to sell physical gold in Hyderabad. To get the best price for it is even harder task to do. There are few guidelines by following which one can get the best price for the gold when they are selling.
1) The first move is to find out gold rates in Hyderabad from a website where you will get accurate gold rates in Hyderabad like goodreturns.in. By doing so one will have a better idea and expectation how much they should get.
2) It is advisable to go for a well-known jeweller than going to a goldsmith. It will be easier if we buy gold with the jewelers who have to buy back terms.
3) Following stock market will also help a lot. As we know gold is inversely proportional to the US Dollar and also there are many more parameters in the stock market which affect gold prices in Hyderabad, such as currency rate . So by following stock market, you may understand which is the right time to sell your gold.
If you are an investor, it is advisable to go for gold ETF's than investing in physical gold. ETF trading is a hassle free method when compared to trading in physical gold. There will be fund managers and other brokers who will be following market time to time and will suggest you when to buy or sell.
?Gold is all time favorite and favorite asset in Hyderabad. It plays an integral part of all festivals and celebrations. Various factors are affecting the price of the yellow metal. They are as follows:
? The Jewelry Markets – Jewelry markets play an essential role in influencing the gold prices in Hyderabad. The jewelry market is enormous and the demand for gold depends on the festivities and sentiments. Many people choose to buy the precious metal during the festive season or auspicious occasion. So one can expect more demand for the metal during festive season than during non-festive ones.
? Inflation – Gold is one of the safest forms of investment for a layman. It becomes evident during the time of inflation. The inflation reduces the purchasing power of money. So, gold is the best bet for investment during inflation as would be something which is stable and usually done for a long time.
? Central Bank’s Gold Reserve – The country’s central bank, RBI holds vast reserves of gold in addition to the currencies. Whenever the RBI purchases gold, the prices of the gold goes up. It is due to the less supply of gold and more supply of money in the market.
? Change in Global Prices – The price of the yellow metal depends on various factors including global supply, change in demand and so on. Changes in the global rates also affect the value of gold in the domestic market.
? Fluctuation in Rate of Interest – The rate of interest prevailing on the bank deposits and financial instruments also plays a role in deciding the price of the ornamental metal.
?Lesser interest rates leads to more cash in the hands of the individuals which leads to increased capacity to purchase gold. Higher interest rates leads to less money in the hands of the individuals, and thus it reduces the ability to buy gold.?
Gold prices in Hyderabad climbed slightly today despite falling on the world market amid weak economic data.
In the local market, the prices of the yellow metal in Hyderabad were negotiated at Rs.42,500/- for 10 grams of 22-carat gold and Rs.45,810/- for 10 grams of 24-carat gold. In the international market, spot gold fell 0.6% to $ 1,721.15 an ounce and U.S gold futures have changed slightly to $ 1,744.70 an ounce. The stronger dollar and weak economic data pulled the precious metal out of the foreign market. Asian stocks and US stocks futures fell, fueled by doubts about progress in developing drugs to treat COVID-19 and new evidence of economic damage to the United States caused by the pandemic. Gold, seen as a safe store of value in the event of economic or political uncertainty, tends to benefit from widespread stimuli from central banks as it is considered a hedge against inflation and currency depreciation.24 April 2020
The price of gold in Hyderabad dropped slightly today following indications on the international market amid the impact of the coronavirus. In the domestic market, the prices of yellow metal in Hyderabad were trading at Rs.38,700/- for 10 grams of 22-carat gold and Rs.42,300/- for 10 grams of 24-carat gold.
In the international market, spot gold fell 1.4% to $ 1,492.81 an ounce and American gold futures gained 0.2% to $ 1,490.00. Gold prices fell nearly 1.5% today in the foreign market, continuing its losing trend, following cues from the previous session, as investors continued to sell assets to keep liquid cash due to increased concerns about the economic downturn.
Asian stocks tumbled in an upside-down session after one of Wall Street's biggest one-day routs in history as stocks soared and its global economic impact destroyed sentiment investors. The virus has infected more than 174,100 people worldwide.17 March 2020
The price of gold in Hyderabad fell slightly despite its stability in the bullion market amidst a strong dollar. On the national market, the prices of yellow metal in Hyderabad were negotiated at Rs.38,980/- for 10 grams of 22-carat gold and at Rs.42,530/- for 10 grams of 24-carat gold.
In the foreign market, spot gold changed slightly to $1,569.05 an ounce and U.S gold futures were flat at $1,572.70. Gold prices remained stable today as mounting concerns over the severity of the coronavirus epidemic and its impact on world markets offset the slight pressure on the positive economic data of China and the United States.
The dollar peaked four months earlier during the session against a basket of major currencies traded after solid data on the nonagricultural wage bill in the United States on Friday. The U.S. Federal Reserve said the U.S. economy had slowed last year due to weak global growth, but the likelihood of a recession has declined.10 February 2020
Gold prices in Hyderabad continued to rise to a record level following indications in the international market amid tensions between Iran and the United States. On the local market, the prices of yellow metal in Hyderabad reached the highest level, at Rs.38,960 / - for 10 grams of 22-carat gold and Rs.42,510 / - for 10 grams of 24-carat gold.
In the international market, spot gold gained 1.4% to $ 1,572.59 per ounce and US gold futures rose 1.4% to $ 1,574.50 per ounce. ounce. Tensions between Iran and the United States have reached a boiling point, causing gold prices to rise. The sentiment of market risk aversion underpins the bullion, which is often considered an alternative investment in times of political and financial uncertainty.
Asian stocks have moved away from an 18-month high and oil prices have skyrocketed due to intense hostility from the Middle East. From the last 10 days, the lowest yellow metal prices in Hyderabad were recorded at Rs.36,970/- per 10 grams of 22-carat gold and Rs.40,330/- per 10 grams of 24-carat gold.6 January 2020
Gold prices in Hyderabad have gained strongly today following cues in the international market amid a trade agreement between the United States and China. In the domestic market, yellow metal prices in Hyderabad were spotted at Rs.36,650/- for 10 grams of 22-carat gold and Rs.39,940/- for 10 grams of 24-carat gold.
In the international market, spot gold rose 0.3% to $ 1,482.02 an ounce and U.S gold futures increased 0.2% to $1,487.90. The weaker dollar has pushed the yellow metal into the global market.
U.S President Donald Trump said on Tuesday that an agreement with China may have to wait after the US presidential election in November 2020.
Gold has benefited from strong safe-haven flows, volatile equity and falling oil prices and the dollar, that's the reason why gold has grown overnight. US Secretary of Commerce Wilbur Ross unexpectedly rejected a trade deal with Beijing and launched a new attack on telecommunications giant Huawei.4 December 2019
Gold prices in Hyderabad have fallen somewhat despite their stability in the International market amidst trade negotiations between the two major nations of the world, the United States and China.
In the local market, gold prices in Hyderabad were seen trading at Rs.36,620/- per 10 grams of 22-carats gold and Rs.39,950/- per 10 grams of 24-carats gold. In the global market, spot gold remained unchanged at $ 1,490.23 an ounce and gold futures in the United States fell to $ 1,493.40.
Market Investors expected more clarity on U.S-China trade negotiations and Brexit after UK parliamentarians deferred a crucial vote on the divorce deal. The long Sino-US trade war is weighing heavily on economies around the world. Japanese exports fell for a tenth consecutive month, South Korean exports dipped 19.5% in October and Thai exports are hopeless.
In China, new home prices rose sharply in September, relieving policymakers who are wary of high debt and financial bubble risk and who refrain from stimulating the sector as the economy slows.
?21 October 2019
The price of gold in Hyderabad surged high today following cues in the global market due to the weak dollar and escalating tensions in the Middle East. In the domestic market, gold prices in Hyderabad were trading at Rs.35,860/- per 10 grams of 22-carat gold and Rs.39,110/- per 10 grams of 24-carat gold.
In the overseas market, spot gold rose 0.3% to $ 1,503.28 an ounce and gold futures in the US gained 0.3% at $ 1,510.80. The dollar was trading lower against a basket of six major currencies traded. The weak dollar and escalating tensions in the Middle East have pushed the yellow metal up on the international market.
The United States said it was forming a coalition to deter Iran's threats after last weekend's attack on Saudi oil facilities. Markets also focused on U.S-China trade talks in Washington before high-level talks next month.
The U.S and Chinese negotiators resumed their face-to-face talks for the first time in nearly two months on Thursday.20 September 2019
The gold rates in?Hyderabad?declined today despite remaining flat in the bullion market amidst a strong dollar. The yellow metal prices in Hyderabad were seen trading at Rs.35,840/- per 10 grams of 22-carat gold and Rs.39,100/- per 10 grams of 24-carat gold. In the overseas market, spot gold has remained flat at $1,495.21 per ounce and U.S gold futures were down by 0.4% to $1,505.20 an ounce. The U.S. dollar was trading high as an improvement in appetite for riskier assets boosted yields on U.S. Government bonds. Market investors are waiting for the U.S. Federal Reserve meeting which is due on Wednesday and also they will see the Fed’s Jackson Hole seminar and a Group of Seven summit which is going to held in this weekend for clues on monetary policies by central bankers. Market traders will see major interest rate cut of a 25 basis-point by the U.S Federal Reserve in September.20 August 2019
The gold rate in?Hyderabad declined slightly following global cues amidst weak Chinese economic data which has raised concerns about a global economic slowdown. In the domestic market, the yellow metal price in?Hyderabad was spotted at Rs.33,030/- per 10 grams of 22-carat gold and Rs.36,040/- per 10 grams of 24-carat gold. Spot gold was slipped at 0.3% at $1,410.73 per ounce and U.S gold futures were gained 0.1% at $1,413 an ounce.
The weak economic data from China just concluded that the concerns of the global slowdown is very deep than expected, thus pushing the prices of gold to remain flat. The next big event for gold is the Federal Open Market Committee meeting which is scheduled at the end of this month, as expectations fluctuate between quarter per cent cut to half per cent cut. We should wait and watch as to what the outcome will have on the prices of the yellow metal. In India, the gold rate depends on the strength of the Indian rupee and seasonal demand for gold.15 July 2019
The gold rates in Hyderabad inched up today and settled at Rs.31,230/- per 10 grams for 22-carat gold and Rs.33,990/- per 10 grams for 24-carat gold. In the bullion market, spot gold was 0.6% higher to $1,343.07 per ounce and U.S gold futures settled at $3.40 higher at $1,346.10. In the international market, the precious metal rose high amidst a sharp slowdown in U.S. jobs growth.
The U.S. Labor Department reported on Friday that job growth slowed sharply in May and wages rose less than expected. Lower interest rates boosted to gold by reducing the opportunity cost of holding the metal and by weakening the dollar, which skidded to its lowest in 2-1/2 months after the U.S. jobs data. In India, Hyderabad is one of the biggest city having huge consumers for gold investments in the form of Jewellery, ornaments and bars. The gold price in Hyderabad depends on the international trade market.8 June 2019
Disclaimer: The gold rates are sourced from local jewellers in the city. There maybe variance in rates and prices. GoodReturns.in has made every effort to ensure accuracy of information provided; however, Greynium Information Technologies Pvt Ltd, its subsidiaries and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell in precious gold. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on gold information provided.