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Gold rates in Hyderabad today, check the rates on August 17, 2024, gold prices in Hyderabad saw a notable increase. The rate for 10 grams of 22-carat gold is now Rs. 65,650, reflecting a Rs. 100 rise, while 10 grams of 24-carat gold is priced at Rs. 71,630, marking an increase of Rs. 110. Silver rates in Hyderabad stand at Rs. 89,100 per kilogram. In the international market, gold prices have been volatile recently. During the wedding season, prices fell and fluctuated around Rs. 70,000 for 10 grams of 24-carat gold and approximately Rs. 66,000 for 10 grams of 22-carat gold. The figures provided here are based on yesterday’s closing prices at 8 am. Gold buyers should monitor real-time prices as they can change frequently throughout the day.
Today 22 Carat Gold Price Per Gram in Hyderabad (INR) is ₹ 72440
Gold rates in Hyderabad surge by over 4 pc from month-low
Gold rates in Hyderabad: Gold rates in Hyderabad have moved up by over 4 percent since the month’s low, which was recorded on July 26.
On July 26, the prices for 10 grams of 24-carat and 22-carat gold were Rs 68,730 and Rs 63,000, each .
Gold rates in Hyderabad cross Rs 71K mark
From the month’s low, prices surged and crossed the Rs 71,000 mark on August 13, 2024.
Today, the prices have increased further, with 10 grams of 24-carat and 22-carat gold reaching Rs 71,620 and Rs 65,650, respectively.
| Indian cities | 22-carat gold rates of 10 grams (in Rs) | 24-carat gold rates of 10 grams (in Rs) |
| New Delhi | 65800 | 71770 |
| Kolkata | 65650 | 71620 |
| Mumbai | 65650 | 71620 |
| Hyderabad | 65650 | 71620 |
| Chennai | 65650 | 71620 |
Nirmala Sitharaman announced to reduction in customs duty rate
Last month, gold rates dropped remarkably to following the announcement of a reduction in customs duty on the yellow metal.
During the time of presenting the budget, Finance Minister Nirmala Sitharaman announced a reduction in the rate from 15 percent to 6 percent.
Following the reduction of dip in gold rates, the demand for the yellow metal rose not only in Hyderabad but also in other cities overall in India.
Surrounded by the prevailing of geopolitical situation in the Middle East, various investors are expected to park their wealth in gold, which may be in further push of the rates up.
Gold prices in different Places
| City Name | 22 Carat Rate | 24 Carat Rate |
| Gold Rate in Ahmedabad | ₹65966 | ₹72016 |
| Gold Rate in Amritsar | ₹65126 | ₹71098 |
| Gold Rate in Bangalore | ₹66355 | ₹72440 |
| Gold Rate in Bhopal | ₹66419 | ₹72510 |
| Gold Rate in Bhubaneswar | ₹65514 | ₹71522 |
| Gold Rate in Chandigarh | ₹65126 | ₹71098 |
| Gold Rate in Chennai | ₹65772 | ₹71804 |
| Gold Rate in Coimbatore | ₹65449 | ₹71098 |
How are gold prices determined in Hyderabad?
Gold rates in Hyderabad are resolved by a number of factors, including the global market price of gold, the cost of production, supply and demand, economic conditions, and currency values.The global market price of gold is to be generally the biggest factor in deciding to the gold prices in Hyderabad. Gold is traded on various exchanges across to the world, such as the London Bullion Market Association (LBMA) and the New York Mercantile Exchange (COMEX).
Gold rates in Hyderabad The price of gold on these exchanges is based on supply and demand, as well as the other factors such as economic conditions and currency values.The cost of production is also a factor in to searching the gold prices. This includes the cost of protect of mining and extracting gold, as well as purity and transporting it. If production costs increase, this can lead to higher prices for gold.Supply and demand also plays a role in to deciding the gold prices. If demand for gold is high, prices may high. If supply is greater than demand, prices may low .
Economic conditions, such as interest rates and the strength of the economy, can also affect gold prices. When economic conditions are unknown or unstable, demand for gold as a safe haven asset may increase, which can drive up its price.
How are gold prices checked in Hyderabad?
Here are some specific places in Hyderabad where you can check the purity of gold:
Gold shops and jewelers: There are many gold shops and jewelers in Hyderabad that have the required equipment to test the purity of gold. Some of those shops may offer gold testing services to customers.Banks: Some banks in Hyderabad, such as the State Bank of India, offer gold testing services to their customers.Gold rates in Hyderabad In Hyderabad, there are several BIS-approved assayers that can certify the purity of gold. The Bureau of Indian Standards (BIS) is the official government body responsible for this certification. Additionally, Hyderabad hosts various precious metal refiners who can also assess gold purity and issue certificates.When purchasing gold, it’s crucial to engage with reputable vendors and verify the quality and purity of the gold. Opting for gold that has been certified by a respected organization like BIS can provide assurance of its authenticity and purity.