Gold Rate Update Hyderabad: 24K Gold Crosses Rs 11,000 Mark

Gold rates in Hyderabad saw an upward trend today, with 24 karat gold priced at Rs 11,029 per gram. The 22 karat variant reached Rs 10,110 per gram, while 18 karat gold stood at Rs 8,272 per gram.

The rise in local gold rates reflects movements in global markets, which are influenced by factors such as international inflation, central bank reserves, interest rate shifts, and demand in jewelry sectors. Traders and investors closely monitor these variables to anticipate short-term fluctuations in gold pricing.

Daily Gold Rate Updates

* 24K Gold: Rs 11,029 per gram, up Rs 136 from yesterday.

* 22K Gold: Rs 10,110 per gram, up Rs 125 from yesterday.

* 18K Gold: Rs 8,272 per gram, up Rs 102 from yesterday.

For bulk purchases, 8 grams of 24K gold cost Rs 88,232, while 100 grams cost Rs 11,02,900. Similarly, 100 grams of 22K gold is priced at Rs 10,11,000, and 100 grams of 18K gold costs Rs 8,27,200. These figures are indicative and do not include GST, TCS, or other applicable levies; buyers are advised to consult local jewelers for precise pricing.

Over the last ten days, gold rates in Hyderabad have shown consistent growth. On September 1, 24K gold was priced at Rs 10,588 per gram, and 22K at Rs 9,705 per gram. By September 9, both 24K and 22K gold experienced an increase of approximately 4.17 percent.

Analyzing long-term trends, the average price for 24K gold over the past year is Rs 8,913.98 per gram, while 22K gold averaged Rs 8,171.03 per gram. Comparatively, over a five-year span, 24K gold averaged Rs 6,262.86, and 22K averaged Rs 5,740.86, indicating steady long-term appreciation.