- Union Budget impact weighs on Hyderabad gold silver rate today
- Market volatility keeps bullion prices under pressure in Hyderabad
Gold Rates Today | Hyderabad, February 2: Gold and silver prices in Hyderabad remained under pressure on February 2, 2026, a day after the Union Budget 2026 triggered sharp volatility in financial markets. The Hyderabad gold silver rate today reflected cautious investor sentiment, as traders reacted to budget announcements presented by Finance Minister Nirmala Sitharaman. The weakness in bullion prices extended losses seen after the Budget, with both metals trading lower than their January highs.
Market participants closely tracked the spillover effect from the equity market. After the Union Budget, share indices witnessed strong swings. As a result, uncertainty spread across asset classes. Therefore, gold and silver prices also faced selling pressure. Investors remained cautious, preferring to wait for clearer signals before making fresh purchases.
Gold prices slip across purities in Hyderabad market
Gold prices in Hyderabad traded at lower levels across all major purities on February 2, 2026. The rate for 24 carat gold stood at ₹16,057 per gram. Meanwhile, 22 carat gold was priced at ₹14,719 per gram. Also, 18 carat gold, referred to as 999 gold, traded at ₹12,043 per gram. These figures showed a decline compared to previous sessions, reflecting the broader weakness in bullion prices.
Gold rates in Hyderabad depend largely on global gold prices. These prices are influenced by several factors. They include inflation trends, changes in international bullion prices, central bank gold reserves, interest rate movements, and demand from jewellery markets. However, following the Union Budget, buyers turned cautious. Many chose to stay on the sidelines due to ongoing market uncertainty.
Volatile equities shape bullion sentiment after Budget
The Union Budget 2026 caused heavy volatility in the share market. Investors reassessed their positions across asset classes. As equities fluctuated sharply, profit booking emerged in gold after its strong January rally. Therefore, gold prices saw a correction in the Hyderabad market.
Meanwhile, silver prices also remained under pressure, moving in line with gold. Market participants continued to track global cues and currency movements for direction. As long as equity markets remain volatile, bullion prices may continue to face fluctuations. Later sessions are expected to depend on how investors respond to global trends and domestic market stability.
For now, the Hyderabad gold silver rate today reflects cautious sentiment. Buyers and traders are closely watching developments before taking fresh positions.
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