Gold Rate Today in Hyderabad: Price Still at Record Highs

Gold prices in Hyderabad, on Monday, continued to be around the extremely high levels. The cost of 24-karat gold was Rs.12,507 per gram, while the 22-karat gold was Rs.11,464 per gram. The 18-karat segment was listed at Rs.9,380 per gram. A slight decline of Re.1 was noted in all categories compared to the previous session.

For the buyers who keep a track of daily rates, 24K gold in the city can be purchased at Rs.12,507 per gram, Rs.1,00,056 for 8 grams, Rs.1,25,070 for 10 grams, and Rs.12,50,700 for 100 grams. The 22K variant is priced at Rs.11,464 per gram, Rs.91,712 for 8 grams, Rs.1,14,640 for 10 grams, and Rs.11,46,400 for 100 grams. Meanwhile, 18K gold costs Rs.9,380 per gram, Rs.75,040 for 8 grams, Rs.93,800 for 10 grams, and Rs.9,38,000 for 100 grams.

These amounts are only indicative and do not cover the charges like GST, TCS, and so on. Local jewellers might offer slightly different prices depending on the market and the making charges.

In the last 10 days, there have been very slight fluctuations in the gold prices in Hyderabad. On October 11, the 24K rate reached the highest mark of Rs.12,508 per gram which has been the highest price for gold in this month so far. The month of October set its lowest price at Rs.11,853 on October 3. The gold price in this month has undergone minor corrections but it is still up by about 4.89 percent for both 22K and 24K.

Going by the current data, the average 10-day rate for 24K gold was Rs.12,286.10 while the 22K was Rs.11,261.90. Conversely, in Hyderabad, gold prices went up from Rs.9,289 to Rs.12,507, which is about a hundred percent hike, indicating the lasting charm that the gold market has.

Jewellers are predicting stable or slightly higher prices during the festive season depending on international factors and local demand. They are also advising the customers to check the daily rates before making any purchase as that would help them to get the best price.