Hyderabad, October 02 (Maxim News): Gold rates in Hyderabad recorded sharp gains today, hitting new highs just as the city gears up for the Dussehra festival. With festive shopping season driving strong demand, retail rates for the yellow metal are quoted at:
- 24-carat gold: Rs. 1,18,690 per tola/10 grams
- 22-carat gold: Rs. 1,08,800 per tola/10 grams
- 18-carat gold: Rs. 89,020 per tola/10 grams
While the Silver rate is Rs. 1,61,000 per kilogram.
Where to buy Gold in Hyderabad?
Most of the popular jewelry outlets are located in Panjagutta, Mehdipatnam, Tolichowki, Gulzar Houz in Hyderabad. Jewelry is also viewed as an investment that can be invested for short or long periods. Gold is also considered a mode of investment.
The investor can sell the gold at any point, 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 jewelry brands are in the city of pearls. The top jewelry houses in the town are Jauhari Jewelers in Toli Chowki, Jagadamba Pearls, Krishna Pearls & Jewelers, Manepally Jewelers, More Jewelers, Tibarumal Jewels, Shree Jewelers, Shri Ram Jewelers, Mangatrai Pearls & Jewelers, and so on.
Disclaimer: The gold rates are sourced from local jewellers in the city. There may be variance in rates and prices. indtoday.com has made every effort to ensure the accuracy of information provided; however, indtoday, its subsidiaries, and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell precious gold. indtoday, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on the gold information provided.
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