Today gold rate in Hyderabad reflects a steady trend across various purities, including 22K, 24K, and 18K gold. The current prices indicate slight fluctuations, which can be attributed to changes in global gold rates and domestic market dynamics. These updates are crucial for investors and jewellery buyers closely monitoring daily market changes.
- 22K Gold Rate: ₹7,360/g
- 24K Gold Rate: ₹8,029/g
- 18K Gold Rate: ₹6,022/g
The price of gold in Hyderabad today stands at ₹7,360 per gram for 22 karat gold and ₹8,029 per gram for 24 karat gold (also referred to as 999 gold). Factors such as inflation, shifts in global prices, central bank gold reserves, and fluctuating interest rates influence the gold rates in Hyderabad. Investors are increasingly viewing gold as a reliable hedge against economic uncertainty, contributing to heightened interest in this precious metal for wealth preservation.
24 Carat Gold Rate for October 27, 2024
Understanding 24K Gold
The purest form of gold, 24K or 999 gold, is priced today at ₹8,029 per gram, remaining stable from yesterday. This high-purity gold is a preferred choice for investments due to its excellent resale value. However, its malleability limits its use in jewellery, making it less durable for everyday wear.
| Weight | Today’s Price (₹) | Yesterday’s Price (₹) | Price Change (₹) |
|---|---|---|---|
| 1 gram | ₹8,029 | ₹8,029 | 0 |
| 8 grams | ₹64,232 | ₹64,232 | 0 |
| 10 grams | ₹80,290 | ₹80,290 | 0 |
| 100 grams | ₹8,02,900 | ₹8,02,900 | 0 |
22 Carat Gold Rate for October 27, 2024
Overview of 22K Gold Prices
The 22K gold price in Hyderabad remains at ₹7,360 per gram, unchanged from the previous day. This type of gold contains 91.67% pure gold and is alloyed with other metals like copper or silver, making it more durable than 24K gold. Its balance of purity and strength makes 22K gold a popular choice for jewellery.
| Weight | Today’s Price (₹) | Yesterday’s Price (₹) | Price Change (₹) |
|---|---|---|---|
| 1 gram | ₹7,360 | ₹7,360 | 0 |
| 8 grams | ₹58,880 | ₹58,880 | 0 |
| 10 grams | ₹73,600 | ₹73,600 | 0 |
| 100 grams | ₹7,36,000 | ₹7,36,000 | 0 |
18 Carat Gold Rate for October 27, 2024
Details on 18K Gold Pricing
The price for 18K gold today is ₹6,022 per gram, remaining consistent with yesterday’s rate. 18K gold contains 75% pure gold and is more durable than 24K and 22K gold, making it a suitable option for everyday jewellery.
| Weight | Today’s Price (₹) | Yesterday’s Price (₹) | Price Change (₹) |
|---|---|---|---|
| 1 gram | ₹6,022 | ₹6,022 | 0 |
| 8 grams | ₹48,176 | ₹48,176 | 0 |
| 10 grams | ₹60,220 | ₹60,220 | 0 |
| 100 grams | ₹6,02,200 | ₹6,02,200 | 0 |
Today Gold Rate in Hyderabad for the Last 10 Days (1 gram) – 24K and 22K
Tracking the daily fluctuations in gold prices is essential for buyers and investors in Hyderabad. The gold rate for both 24K and 22K has shown variations over the last ten days, influenced by multiple economic factors, including global market trends and local demand. Here is the recent data for the gold rate in Hyderabad:
| Date | 24K | 22K |
|---|---|---|
| Oct 26, 2024 | ₹8,029 (0) | ₹7,360 (0) |
| Oct 25, 2024 | ₹7,958 (+11) | ₹7,295 (+10) |
| Oct 24, 2024 | ₹7,947 (-60) | ₹7,285 (-55) |
| Oct 23, 2024 | ₹8,007 (+43) | ₹7,340 (+40) |
| Oct 22, 2024 | ₹7,964 (0) | ₹7,300 (0) |
| Oct 21, 2024 | ₹7,964 (+22) | ₹7,300 (+20) |
| Oct 20, 2024 | ₹7,942 (0) | ₹7,280 (0) |
| Oct 19, 2024 | ₹7,942 (+44) | ₹7,280 (+40) |
| Oct 18, 2024 | ₹7,898 (+87) | ₹7,240 (+80) |
| Oct 17, 2024 | ₹7,811 (+22) | ₹7,160 (+20) |
Comparison of Average Gold Rate in Hyderabad (1 gram)
A long-term analysis of gold prices in Hyderabad provides insights into the trends and fluctuations over time, aiding buyers and investors in understanding the broader movements in gold value. Below is a comparison of average rates for 24K and 22K gold over various periods.
| Term | 24K | 22K |
|---|---|---|
| 10 Days | ₹7,946.20 | ₹7,284 |
| 20 Days | ₹7,842.50 | ₹7,189 |
| 30 Days | ₹7,807.90 | ₹7,159 |
| 60 Days | ₹7,611.98 | ₹6,978.50 |
| 90 Days | ₹7,450.60 | ₹6,830.27 |
| 180 Days | ₹7,360.98 | ₹6,747.86 |
| 1 Year | ₹6,913.74 | ₹6,337.76 |
| 2 Years | ₹6,368.96 | ₹5,838.28 |
| 3 Years | ₹5,944.73 | ₹5,449.35 |
| 4 Years | ₹5,677.71 | ₹5,204.53 |
| 5 Years | ₹5,489.56 | ₹5,033.59 |
| 6 Years | ₹5,204.36 | ₹4,776.63 |
| 8 Years | ₹4,718.35 | ₹4,337.80 |
| 9 Years | ₹4,554.42 | ₹4,192.25 |
Historical Gold Rate Movement in Hyderabad (April – October 2024)
Gold Price Movement in Hyderabad, October 2024
| Date | 22K Rate | 24K Rate |
|---|---|---|
| 1st October | ₹7,050 | ₹7,691 |
| 26th October | ₹7,360 | ₹8,029 |
| Highest | ₹7,360 (26 Oct) | ₹8,029 (26 Oct) |
| Lowest | ₹7,025 (10 Oct) | ₹7,664 (10 Oct) |
| Overall Performance | Rising | Rising |
| % Change | +4.40% | +4.39% |
Gold Price Movement in Hyderabad, September 2024
| Date | 22K Rate | 24K Rate |
|---|---|---|
| 1st September | ₹6,695 | ₹7,304 |
| 30th September | ₹7,080 | ₹7,724 |
| Highest | ₹7,100 (27 Sept) | ₹7,745 (27 Sept) |
| Lowest | ₹6,669 (4 Sept) | ₹7,276 (4 Sept) |
| Overall Performance | Rising | Rising |
| % Change | +5.75% | +5.75% |
Gold Price Movement in Hyderabad, August 2024
| Date | 22K Rate | 24K Rate |
|---|---|---|
| 1st August | ₹6,450 | ₹7,036 |
| 31st August | ₹6,695 | ₹7,304 |
| Highest | ₹6,715 (28 Aug) | ₹7,325 (28 Aug) |
| Lowest | ₹6,350 (7 Aug) | ₹6,927 (7 Aug) |
| Overall Performance | Rising | Rising |
| % Change | +3.80% | +3.81% |
Gold Price Movement in Hyderabad, July 2024
| Date | 22K Rate | 24K Rate |
|---|---|---|
| 1st July | ₹6,625 | ₹7,228 |
| 31st July | ₹6,400 | ₹6,982 |
| Highest | ₹6,875 (17 July) | ₹7,500 (17 July) |
| Lowest | ₹6,300 (26 July) | ₹6,873 (26 July) |
| Overall Performance | Falling | Falling |
| % Change | -3.40% | -3.40% |
Gold Price Movement in Hyderabad, June 2024
| Date | 22K Rate | 24K Rate |
|---|---|---|
| 1st June | ₹6,650 | ₹7,255 |
| 30th June | ₹6,625 | ₹7,228 |
| Highest | ₹6,760 (7 June) | ₹7,375 (7 June) |
| Lowest | ₹6,570 (8 June) | ₹7,167 (8 June) |
| Overall Performance | Falling | Falling |
| % Change | -0.38% | -0.37% |
Gold Price Movement in Hyderabad, May 2024
| Date | 22K Rate | 24K Rate |
|---|---|---|
| 1st May | ₹6,555 | ₹7,151 |
| 31st May | ₹6,670 | ₹7,276 |
| Highest | ₹6,890 (20 May) | ₹7,516 (20 May) |
| Lowest | ₹6,555 (1 May) | ₹7,151 (1 May) |
| Overall Performance | Rising | Rising |
| % Change | +1.75% | +1.75% |
Gold Price Movement in Hyderabad, April 2024
| Date | 22K Rate | 24K Rate |
|---|---|---|
| 1st April | ₹6,360 | ₹6,938 |
| 30th April | ₹6,655 | ₹7,260 |
| Highest | ₹6,815 (19 Apr) | ₹7,434 (19 Apr) |
| Lowest | ₹6,335 (2 Apr) | ₹6,911 (2 Apr) |
| Overall Performance | Rising | Rising |
| % Change | +4.64% | +4.64% |
Best Jewellers to Buy Gold Jewellery in Hyderabad
Tanishq
- Overview: A prominent name in the Indian jewellery market, Tanishq offers a wide range of gold jewellery, including traditional and contemporary designs.
- Specialties: Known for their craftsmanship and quality, Tanishq also provides customizable options.
- Locations: Multiple outlets across Hyderabad.
Malabar Gold & Diamonds
- Overview: One of the largest jewellery retail chains in the Middle East and India, Malabar Gold & Diamonds is renowned for its extensive collection of gold jewellery.
- Specialties: Offers a variety of traditional and modern designs, along with certification for purity.
- Locations: Various branches in Hyderabad.
Kalyan Jewellers
- Overview: A well-established jeweller in India, Kalyan Jewellers offers a rich selection of gold jewellery crafted by skilled artisans.
- Specialties: Known for their unique collections that cater to various cultural styles and preferences.
- Locations: Several showrooms in Hyderabad.
Chowdary & Sons Jewellers
- Overview: A local favorite, Chowdary & Sons has been in business for decades, offering traditional gold jewellery with a focus on customer service.
- Specialties: Renowned for custom designs and exclusive collections.
- Location: Located in key areas of Hyderabad.
GRT Jewellers
- Overview: GRT Jewellers has a longstanding reputation for quality and design, offering a wide array of gold jewellery.
- Specialties: Known for their intricate designs and excellent customer service, they also provide certification for their products.
- Locations: Multiple branches throughout Hyderabad.
Buying Gold in Hyderabad: Key Factors to Keep in Mind
- Purity Assurance: Ensure that gold is BIS-hallmarked to guarantee its purity and authenticity. Hallmarking safeguards against counterfeit items.
- Price Determinants: Gold prices vary by karat (e.g., 24K, 22K, 18K). Confirm the purity and associated charges prior to purchase. While 24K gold is preferred for investment, 22K is typically used for jewelry.
- GST and Making Charges: A 3% Goods and Services Tax (GST) applies to gold purchases in India. Making charges vary depending on the complexity of the design and are typically non-refundable, so comparing prices across sellers is prudent.
Investing in Gold vs. Other Assets
- Fixed Deposits (FDs): FDs provide guaranteed returns with low risk but may not keep pace with inflation. Gold acts as a hedge against currency devaluation and economic instability, appealing to conservative investors.
- Real Estate: While real estate can yield high long-term returns, it typically has lower liquidity compared to gold, which can be quickly converted to cash.
- Stocks and Mutual Funds: Although stocks and mutual funds offer growth potential, they come with higher market risks. Gold’s stability makes it a more attractive option for risk-averse investors.
Digital Gold and Its Growing Popularity
Digital gold is gaining traction as a convenient alternative for those preferring not to handle physical gold. Platforms like Paytm and Google Pay enable users to buy, sell, and securely store digital gold in small increments, appealing to tech-savvy investors looking for flexibility. This option is particularly attractive to younger and first-time investors due to its secure storage and easy access.
Factors Influencing Today’s Gold Rates in Hyderabad
- Global Economic Conditions: Gold prices are affected by international factors such as interest rates and currency strength. Recent economic uncertainties have led to a rise in gold prices as investors seek safety.
- Domestic Demand: Seasonal demand, especially during festivals, drives up gold prices, contributing to price increases noted in October.
- Exchange Rates and Import Duties: As India imports most of its gold, fluctuations in the rupee-dollar exchange rate significantly impact prices. Changes in import duties can also influence costs amidst currency volatility.
Is Now a Good Time to Invest in Gold?
With rising prices, many view this as an opportune time to invest in gold, which serves as a hedge against inflation and economic uncertainty. For those seeking low-risk assets, gold is particularly appealing in a volatile stock market and with fluctuating interest rates.
Gold Investment Options
- Physical Gold: Traditional jewelry or bullion.
- Digital Gold: Available through mobile wallets and online platforms.
- Gold ETFs and Bonds: Ideal for investors interested in gold without holding physical assets.
Tracking Daily Gold Price Changes
Monitoring gold prices is easy with tools like Google Finance, which provide real-time rates across major cities for various purities (24K, 22K, 18K). Users can track prices, fluctuations, and trends that reflect national and international influences. This user-friendly platform serves as a valuable resource for investors, jewelers, and buyers making informed purchasing decisions.
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