Hyderabad gold rates rise on strong demand
Hyderabad gold rates | Hyderabad, Nov. 26: Gold rates increased across the city today as domestic demand stayed firm.
The price of ten grams of 22-carat gold is Rs. 1,17,250 with a hike of Rs. 800. The rate for 10 grams of 24-carat gold is at Rs 1,27,910 with a hike of Rs. 870. Silver stood at one lakh seventy six thousand per kilogram.
Traders say today’s movement came after mixed global cues. Gold prices in international markets continued to swing. They moved up and down for weeks. Wedding season demand also shifted local trends.
During the last month, twenty four carat gold hovered near one lakh twenty thousand for ten grams. In the same period, twenty two carat gold moved around one lakh thirty thousand. These shifts kept bullion dealers alert.
Local traders say buyers should track live prices through the day. Rates change often because global signals shift fast.
Hyderabad Gold Rates Reflect Global Swings
They also say the figures released at eight in the morning match yesterday’s closing. Today’s trade may open with an increase or a drop.
Therefore buyers watch the market before making any purchase. Many investors now treat gold as a safe option in volatile times. Investors study daily charts and compare prices across major cities. Dealers in Hyderabad expect steady movement through the week.
Traders point to strong retail demand and active market sentiment. Analysts also expect global inflation data to influence future prices.
Residents plan purchases as wedding events continue across the state. Retail shops report rising footfall.
They also expect more bookings in the coming days. Experts advise buyers to check purity, compare rates and verify bills.
Traders also suggest tracking changes linked to currency value. These steps help buyers make informed decisions.
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 Jewellers 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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