Compare 22K & 24K Gold Rate In Hyderabad (Today & Yesterday)
Gold market price on September 13, 2024, the gold rates in Hyderabad have seen a notable reduction. The price of 10 grams of 22-carat gold has dropped to Rs. 67,040, marking a decrease of Rs. 110 from previous levels. Meanwhile, the rate for 10 grams of 24-carat gold is now Rs. 73,140, also showing a fall of Rs. 110. In addition to gold, the silver rates in Hyderabad have been updated to Rs. 91,400 per kilogram.
In recent weeks, gold prices in the international market have been quite volatile. Despite being the wedding season, which typically sees an uptick in gold demand, prices have fluctuated significantly. For instance, the rate for 10 grams of 24-carat gold has been hovering around Rs. 70,000, while 10 grams of 22-carat gold have been trading at approximately Rs. 66,000.
It’s important to note that the figures provided are based on the closing prices from the previous day. Gold rates can change rapidly, and the current prices may either increase or decrease as the day progresses. Therefore, individuals looking to buy gold should closely monitor live price updates to make informed decisions.
The fluctuation in gold prices can be attributed to a variety of factors, including changes in international market trends, currency exchange rates, and economic indicators. For example, geopolitical events or shifts in global economic policies can influence investor sentiment and affect gold prices. Additionally, the demand and supply dynamics in the local market can also play a significant role in determining the rates.
Gold, often considered a safe-haven asset, tends to experience price volatility based on investor behavior and market conditions. During periods of economic uncertainty or inflation, gold prices typically rise as investors seek stability. Conversely, in times of economic growth or when confidence in other investments increases, gold prices may decline.
Silver, while less expensive than gold, also reflects similar market behaviors and trends. The rate of silver is influenced by industrial demand, investor interest, and overall economic conditions. In Hyderabad, the current silver rate of Rs. 91,400 per kilogram indicates a snapshot of the prevailing market conditions, but like gold, silver prices are subject to fluctuations based on market dynamics.
For those considering buying gold or silver, it’s crucial to stay informed about the latest market trends and prices. Tracking live updates and understanding the factors driving price changes can help buyers make timely and well-informed purchases. Additionally, consulting with financial experts or jewelry professionals can provide valuable insights into market trends and help navigate the complexities of precious metal investments.
In summary, the gold and silver rates in Hyderabad have recently decreased, with gold experiencing a reduction of Rs. 110 for both 22-carat and 24-carat varieties. The silver rate has been updated to Rs. 91,400 per kilogram. Given the fluctuating nature of gold prices, especially in a dynamic market environment, buyers should remain vigilant and monitor live price changes to ensure they make the best purchasing decisions.
Compare 22K & 24K Gold market price In Hyderabad (Today & Yesterday)
| Today | Yesterday | Rate Change | |
|---|---|---|---|
| Standard Gold (22 K) 1 gram | ₹6,705 | ₹6,715 | ₹10 |
| Standard Gold (22 K) 8 gram | ₹53,640 | ₹53,720 | ₹80 |
| Pure Gold (24 K) 1 gram | ₹7,040 | ₹7,051 | ₹11 |
| Pure Gold (24 K) 8 gram | ₹56,320 | ₹56,408 | ₹88 |