Hyderabad, June 16: Gold prices remained firm in Hyderabad on Tuesday, with 24 karat gold trading at ₹15,137 per gram and 22 karat gold priced at ₹13,875 per gram. Silver also held steady at ₹275 per gram in the local market.
According to the latest rates, 18 karat gold is available at ₹11,353 per gram. Based on these prices, 10 grams of 24 karat gold costs ₹1,51,370, while 10 grams of 22 karat gold is priced at ₹1,38,750.
The gold rate in Hyderabad continues to depend on several global and domestic factors. International gold prices, inflation trends, central bank reserves and interest rate movements play a key role in determining daily prices.
Jewellery demand and market sentiment also influence gold rates. Therefore, prices may change throughout the day depending on market conditions.
Meanwhile, silver prices remained stable in the city. Silver is currently trading at ₹275 per gram and ₹2,75,000 per kilogram.
Hyderabad remains one of the major precious metals markets in the country. Several traders and jewellery retailers closely track international price movements before revising local rates.
Investors and buyers are advised to check live market prices before making purchases, as rates may vary slightly across retailers and trading sessions.
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.
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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