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Today Gold Rates In Hyderabad

25 Oct 2020

gold rate

22 Carat Gold

₹4565

(Per Gram)

gold rate

24 Carat Gold

₹4882

(Per Gram)

22 Carat & 24 Carat Gold Rates In Hyderabad Per Gram (INR)

TodayYesterdayChange(%)
22 Carat45654568-0.07%
24 Carat48824885-0.06%

Today 24 Carat Gold Price In Hyderabad (INR)

Gram24 Carat Gold Yesterday24 Carat Gold TodayDaily Price
1 GRAM48854882-0.06%
8 GRAM3908339057-0.07%
10 GRAM4885348822-0.06%
100 GRAM48853204882174-0.06%

Today 22 Carat Gold Price In Hyderabad (INR)

Gram22 Carat Gold Yesterday22 Carat Gold TodayDaily Price
1 GRAM45684565-0.07%
8 GRAM3654236519-0.06%
10 GRAM4567845648-0.07%
100 GRAM45677744564833-0.06%

22 & 24 Carat Gold Rates In Hyderabad for Last 90 Days

DateStandard Gold - 22 KPure Gold - 24 K
1 gram8 grams1 gram8 grams
2020-10-254,56536,5194,88239,057
2020-10-244,56836,5424,88539,083
2020-10-234,56136,4884,87839,025
2020-10-224,60436,8284,92439,388
2020-10-214,56336,5024,88039,039
2020-10-204,53936,3134,85538,837
2020-10-194,53536,2794,85038,801
2020-10-184,53536,2794,85038,801
2020-10-174,54336,3474,85938,874
2020-10-164,55136,4044,86738,935
2020-10-154,53536,2774,85038,799
2020-10-144,52136,1724,83638,686
2020-10-134,58336,6654,90239,214
2020-10-124,57936,6304,89739,176
2020-10-114,57936,6304,89739,176
2020-10-104,57436,5904,89239,134
2020-10-094,51136,0924,82538,601
2020-10-084,49635,9694,80938,469
2020-10-074,54036,3164,85538,841
2020-10-064,55036,3994,86638,929
2020-10-054,52836,2264,84338,745
2020-10-044,52836,2264,84338,745
2020-10-034,53436,2754,85038,796
2020-10-024,54836,3884,86538,917
2020-10-014,52136,1704,83638,685
2020-09-304,54736,3734,86338,902
2020-09-294,51336,1014,82638,610
2020-09-284,46035,6784,77038,158
2020-09-274,46035,6784,77038,158
2020-09-264,47035,7584,78138,244
2020-09-254,46735,7354,77738,220
2020-09-244,45935,6724,76938,152
2020-09-234,55236,4164,86838,948
2020-09-224,58836,7074,90739,258
2020-09-214,66137,2844,98539,876
2020-09-204,66737,3404,99239,935
2020-09-194,66737,3404,99239,935
2020-09-184,66037,2824,98439,874
2020-09-174,66537,3234,99039,918
2020-09-164,68237,4535,00740,056
2020-09-154,68037,4415,00540,043
2020-09-144,65237,2134,97539,800
2020-09-134,63537,0824,95739,659
2020-09-124,63537,0824,95739,659
2020-09-114,65737,2544,98039,844
2020-09-104,63837,1064,96139,686
2020-09-094,62436,9904,94539,561
2020-09-084,60636,8504,92639,411
2020-09-074,62236,9724,94339,542
2020-09-064,60436,8344,92439,394
2020-09-054,60436,8344,92439,394
2020-09-044,62837,0254,95039,598
2020-09-034,63537,0814,95739,659
2020-09-024,66837,3464,99339,942
2020-09-014,71437,7135,04240,335
2020-08-314,68937,5095,01540,116
2020-08-304,67137,3694,99639,966
2020-08-294,67137,3694,99639,966
2020-08-284,64337,1454,96639,727
2020-08-274,69437,5485,02040,158
2020-08-264,65637,2484,98039,838
2020-08-254,66537,3204,98939,914
2020-08-244,71337,7065,04140,327
2020-08-234,72637,8105,05540,439
2020-08-224,72637,8105,05540,439
2020-08-214,73837,9055,06840,540
2020-08-204,73637,8875,06540,521
2020-08-194,84038,7195,17641,411
2020-08-184,84438,7535,18141,447
2020-08-174,71937,7535,04740,378
2020-08-164,73237,8525,06040,483
2020-08-154,73237,8525,06040,483
2020-08-144,75038,0025,08140,644
2020-08-134,70937,6725,03640,291
2020-08-124,58936,7164,90839,263
2020-08-114,92039,3645,26342,100
2020-08-104,95339,6255,29742,380
2020-08-094,96439,7135,30942,473
2020-08-084,96439,7135,30942,474
2020-08-075,03740,2955,38743,096
2020-08-064,96339,7075,30842,467
2020-08-054,91939,3555,26142,091
2020-08-044,82638,6055,16141,289
2020-08-034,80238,4155,13641,085
2020-08-024,81338,5025,14741,179
2020-08-014,81338,5025,14741,179
2020-07-314,77738,2125,10940,869
2020-07-304,77638,2095,10840,865
2020-07-294,76538,1175,09640,766
2020-07-284,79238,3365,12541,001
2020-07-274,63337,0634,95539,639
2020-07-264,62036,9574,94139,526
2020-07-254,62036,9574,94139,526
2020-07-244,59636,7694,91639,325
2020-07-234,52936,2324,84438,751
2020-07-224,50136,0084,81438,512
2020-07-214,41535,3194,72237,774
2020-07-194,40735,2584,71437,710
2020-07-184,40735,2584,71437,710
2020-07-174,39435,1504,69937,594
2020-07-164,42435,3964,73237,857
2020-07-154,42135,3694,72937,828
2020-07-144,40835,2624,71437,713
2020-07-134,39935,1914,70537,637
2020-07-124,39835,1874,70437,633
2020-07-114,39635,1704,70237,615
2020-07-104,40135,2104,70737,657
2020-07-094,41435,3134,72137,768
2020-07-084,37034,9604,67437,390
2020-07-074,33234,6524,63337,061
2020-07-064,31134,4864,61036,883
2020-07-054,31034,4814,61036,878
2020-07-044,31034,4814,61036,878
2020-07-034,31334,5054,61336,904
2020-07-024,34234,7354,64437,150
2020-07-014,38135,0464,68537,482
2020-06-304,35334,8224,65537,243
2020-06-294,35534,8414,65837,263
2020-06-284,35534,8394,65837,261
2020-06-274,34834,7824,65037,200
2020-06-264,33734,6954,63837,107
2020-06-254,33934,7154,64137,129
2020-06-244,34934,7904,65137,208
2020-06-234,32834,6214,62837,028
2020-06-224,36034,8784,66337,302
2020-06-214,32234,5794,62336,983
2020-06-204,32234,5794,62336,983
2020-06-194,28234,2584,58036,639
2020-06-184,28434,2734,58236,656
2020-06-174,27834,2264,57636,606
2020-06-164,26534,1174,56136,489
2020-06-154,27834,2244,57536,603
2020-06-144,27334,1814,57036,558
2020-06-134,27334,1814,57036,558
2020-06-124,28734,2984,58536,682
2020-06-114,26434,1104,56036,481
2020-06-104,21733,7394,51136,085
2020-06-094,16333,3004,45235,615
2020-06-084,14733,1774,43535,483
2020-06-074,13733,0934,42435,394
2020-06-064,13733,0934,42435,394
2020-06-054,20233,6174,49435,953
2020-06-044,17033,3564,45935,675
2020-06-034,21733,7354,51036,080
2020-06-024,27734,2134,57436,592
2020-06-014,27234,1744,56936,550
2020-05-314,24733,9754,54236,337
2020-05-304,24733,9754,54236,337
2020-05-294,22933,8344,52336,186
2020-05-284,21633,7264,50936,070
2020-05-274,20333,6274,49635,965
2020-05-264,26034,0784,55636,447
2020-05-254,26734,1364,56436,509
2020-05-244,28834,3014,58636,686
2020-05-234,28834,3014,58636,686
2020-05-224,24533,9604,54036,320
2020-05-214,28834,3014,58636,686
2020-05-204,30434,4354,60436,829
2020-05-194,28634,2884,58436,672
2020-05-184,32934,6324,63037,040
2020-05-174,29834,3834,59736,774
2020-05-164,29834,3834,59736,774
2020-05-154,24633,9684,54136,330
2020-05-144,20833,6674,50136,008
2020-05-134,18633,4894,47735,818
2020-05-124,18633,4894,47735,818
2020-05-114,19733,5734,48835,907
2020-05-104,18033,4414,47135,765
2020-05-094,18033,4414,47135,765
2020-05-084,22933,8314,52336,183
2020-05-074,18433,4744,47535,802
2020-05-064,19933,5884,49035,923
2020-05-054,19933,5894,49135,924
2020-05-044,18633,4894,47735,817
2020-05-034,17933,4344,47035,758
2020-05-024,16933,3494,45835,668
2020-05-014,13733,0944,42435,395
2020-04-304,19733,5794,48935,913
2020-04-294,23133,8474,52536,200
2020-04-284,22333,7814,51636,129

Gold Rate in Hyderabad

In Hyderabad, gold is primarily used for jewelry and investment purposes, and the country is one of the largest consumers of gold globally. Unlike other countries that use gold for industrial purposes, gold in Hyderabad is primarily a vehicle for investment.

Gold is popularly perceived as a relatively safe investment, especially in times of economic or political uncertainty. During relatively calm times, the price of gold remains stable, while during times of conflict, the price fluctuates.

How to invest in gold

In Hyderabad, gold is bought primarily as a relatively safe investment which has seen significant appreciation in the past. Even though Indians participate in other investment channels, like real estate, on a large scale, investing in gold still forms a significant part of the investment portfolio.

Conventionally, gold is invested in the form of coins, bars, and jewelry in Hyderabad. But in recent times, new avenues of investment in gold have opened up providing investors new opportunities to trade in gold. Investors can now invest in gold-related stocks and mutual funds. For instance, ETFs (Exchange Traded Funds) are simple financial instruments that combine the flexibility of a stock investment and the simplicity of gold investments. The following are some of the more popular ways of investing in gold in Hyderabad:

The most popular way of investing in gold in Hyderabad is still buying gold jewelry. It is common for people across all economic classes to buy gold on festive and auspicious occasions as it is traditionally seen as a safe and simple investment. The one disadvantage to buying gold jewelry is that you need to pay for the making charges, which could add up to another 10% to the price. Moreover, the popularity of designs and fashion change and you might not receive the same price for your jewelry when you want to sell it. There could be additional costs if you sell the jewelry to a different jeweler than the one you bought it from.

Buying gold jewelry for immediate use might be a viable option, but if you plan to hold it as a long term investment, then there are other more convenient and cost-effective options available now.

Gold coins, biscuits and gold bars

Gold coins, biscuits and bars are another option for investing in gold. You can get coins in differing weights that can accommodate differing budgets. You can buy coins at a bank or from a certified jewelry showroom. However, keep in mind that banks only sell gold coins and do not buy them back, so you will need to sell it to a jeweler.

Gold ETFs

Traditional forms of gold investing, like buying jewelry, are slowly making way for newer forms of investing, like ETFs, gold mutual funds and derivatives.

Individuals looking to invest in gold in Hyderabad can buy Exchange Traded Funds (ETFs). Investments in gold ETFs can be done online, changing the way how gold is bought and giving gold investments in Hyderabad a whole new dimension. Each ETF unit is equivalent to 1 gram of gold. They are gaining in popularity as they enjoy a few advantages over buying physical gold like jewelry or coins.

1. Since ETFs are traded on the stock exchange you can buy and sell easily and there are no liquidity issues.

2. If you hold it beyond a year, it can have certain tax benefits.

3. Since the ETFs are held in a demat account, you need not worry about the physical safety of the gold asset and the storage issues. There is no possibility of theft as the ETFs are held in electronic form. You are spared a lot of the headache and worry associated with buying physical gold such as jewelry.

However, there is a cost to trading in ETFs on your trading account, which is usually a percentage of the investment made. You might also be charged for storing the gold in the bank vault.

Most investors in gold ETFs do so for the high liquidity and the ease and simplicity of investing in this instrument. Keep in mind, however, that in order to trade in gold stocks; you must have an appetite for risk and a familiarity and knowledge of gold as a commodity and of stock markets in general. Like all other commodity prices, gold prices tend to rise and fall for a variety of reasons and require constant attention, disciplined monitoring of market movements, and an ability to evaluate pricing information.

Gold mutual funds and derivatives

There are other ways to invest in gold as well. You can invest in mutual funds like a fund of funds (FOF) that focuses on holding units of other gold-related funds. Or you can opt for a fund that holds stocks of gold companies listed on the global stock exchanges.

Another option is to trade in derivatives. However, to do this you will need an account with a commodities broker and will have to pay charges on the trading. Trading in derivatives is a high-risk investment option.

How to buy gold

Buying gold isn’t rocket science given the multiple options available, but there are a few sensible ways to go about it. Investing in gold can be an expensive business and it is important to keep the following points in mind before spending your hard earned money.

Research gold rates

Gold prices fluctuate on a daily basis and it is important to observe market trends and stay in touch with the latest market trends. This will help you make the best and most informed decision on when to buy or sell.

Decide what kind of gold you want to buy

Gold comes in various forms like bars, coins, gold stocks, and jewelry. Each form offers its own unique advantages and disadvantages. If your intention is to sell the gold at a later date, then jewelry might not be the most optimal option and you could consider other forms of gold investment.

Ensure Certification

Easily the most important aspect when investing in gold is to look for the certification of the gold. Certain laboratories known as Assaying and Hallmarking Centres are authorised to certify the purity of the gold - jewelers do not certify the purity. However, only jewelers licensed by BIS (Bureau of Indian Standards) can get the jewelry certified at these Assaying Centres. Hallmarked jewelry can attest to different caratage, so a hallmark does not necessarily signify only 24K purity – it could be attesting 21K, 18K or even 14K purity.

Online purchase

There are a number of online gold sellers today. While it may be convenient to buy online, you need to be very careful about buying only from trusted certified sellers as there is vast scope for adulteration and cheating.

How to buy gold coins in Hyderabad

Gold coins are extremely popular in Hyderabad as a gift on auspicious occasions. It also makes for an excellent investment choice since gold coins are available in different weights, which gives investors the freedom to choose according to their budget. A number of jewelers and banks sell gold coins. Gold coins are available online as well, although it can be risky to buy from anyone other than a certified jeweler/seller. Make sure that you get a purity certificate when you buy a gold coin. While banks sell gold coins, they are not authorised to trade in them so you might not be able to sell them back to the bank.

How to buy gold bars

The most important thing to keep in mind while buying any kind of gold is to check the current market rates. Gold bars can be purchased from banks and big jewelers, as they are typically kept for serious investors. These bars typically range from 500 gm to 1kg.

How to sell gold

In Hyderabad, gold is always in demand, making it a highly liquid asset. Selling gold is not difficult, as most jewelers and pawn shops are willing to buy gold. But keep in mind that intricately designed jewelry might fetch lower prices than expected, as jewelers do not pay for the design but only for the weight of gold. Some jewelers might pay lower than the market price, although many jewelers and pawn shops are willing to buy gold at market rates. It is advisable to get quotes from a few buyers before making a decision. You need to make sure that you are aware of current market prices and the weight of the gold you are planning to sell so that you get the best possible price.

It is always a good idea to sell gold coins and gold bars rather than jewelry as they tend to attract better rates from jewelers as compared to jewelry.

If you do not want to sell your jewelry but are in need of funds, you can always avail of a gold loan against it, in case of an emergency. Banks and other NBFCs offer attractive interest rates on gold loans. Since your gold is used as security, there is very little documentation and the loan approval and disbursal process is quick.

How much is gold worth

Gold is one of those precious metals which will always be of value. However, it is impossible to predict the price of gold and whether it will continue to appreciate as an asset or not. Although gold prices fluctuate constantly, it has shown a generally upward trend in the past.

Factors affecting gold price in Hyderabad

Below are some of the key factors that contribute to the price of gold in Hyderabad.

Strength of the US Dollar:

A strong US Dollar means falling gold prices in Hyderabad as investors invest in the currency rather than in the metal. On the other hand, if the dollar weakens, banks tend to invest in gold instead of the depreciating dollar. This move is taken in order to hedge against any uncertainties. This increased demand leads to an increase in the price of gold. Similarly, when the US dollar strengthens, investors shift their investments from gold to the US dollar. This fall in the demand of gold leads to a consequent fall in the price.

Import costs:

Hyderabad meets a huge chunk of its gold needs through imports, which means that import rates affect the gold price within the country. Since trading takes place in US dollars, a stronger dollar makes buying gold more expensive.

Fixed Deposit interest rates:

A fixed deposit is the most popular investment option for many millions of Indians. Gold comes a close second. When the FD rates fall, investors prefer investing in gold as an alternative investment option. When the demand for gold rises due to increased demand, the price increases too.

Economic stability:

The price of gold tends to surge during times of economic crisis, as gold is considered a stable asset. Investors move their money out of riskier investment channels into gold. Gold also comes with the advantage of high liquidity and continues to be held in great value in times of instability.

Seasonal price:

In Hyderabad, demand for gold tends to rise during auspicious festivals, marriage seasons and other occasions, leading to increased prices.

Inflation:

The price of gold tends to surge during inflation. Since gold is bought as a hedge against inflation, this spiraling trend increases the price of gold.

Demand-supply:

Hyderabad’s contribution to the production of gold globally stands at a mere 0.75%. Since domestic production of gold in Hyderabad is severely limited, there is a crunch in supply too. In order to meet the staggering demand, gold is imported in large quantities. Similarly, when there is a crunch in the global supply of gold, gold prices surge upwards.

Mining/production costs:

Gold mining requires large utilisation of energy per gram of gold produced and this cost is factored into the price. The gold price is also subject to the mining companies increasing prices because of production costs. This is reflected in the price paid while importing gold into Hyderabad.

International prices:

When gold prices surge in the international market, the price of gold increases in Hyderabad as well. For instance, when the central banks buy gold as a hedge against inflation, the price of gold tends to go upward globally.

It is important to keep in mind that gold prices can also vary across different cities in Hyderabad. Key reasons for differences in domestic gold prices are:

Transportation cost:

Hyderabad imports most of its gold. Hence, port cities such as Mumbai and Chennai tend to have slightly lower costs than a city which is situated far away from the port owing to the cost associated with transportation of the precious metal.

State taxes:

Different states in Hyderabad levy different taxes which can cause a variation in price between states.

Volume of demand in different cities:

Hyderabad is a large country with a diverse population and demography. In rural areas, where the population is sparse, gold is priced higher than densely populated areas, where prices tend to be comparatively lower. Large cities, where the volume of demand is greatest, trade in large amounts of gold leading to slightly lower prices. Cities like Chennai, Delhi and Mumbai which see substantial gold demand tend to have slightly lower prices than other parts of the country.

Measurement of gold

The weight of gold is measured in grams or troy ounces (1 troy ounce = 31.1034768 grams)

What is a Karat?

Karat is used to represent the purity of gold. In simpler terms, it is a unit of fineness or purity. It refers to the ratio of an alloy mixed with gold such as copper. Since pure gold is very soft, it needs to be alloyed with another metal in order to allow it to be made into jewelry etc.

24K or 24 Karat gold is pure gold. Following is the fineness scale which is used while defining the purity of gold:

24 K = 99.9% Pure

22 K = 91.3% Pure

18 K = 75% Pure

14 K = 58.5% Pure

10 K = 41.7% Pure

Disclaimer: The information on the prices of gold rate is merely indicative and is susceptible to change with market value and is provided on an as-is basis. The information contained here is not intended as investment advice. CreditMantri is in no way responsible for any loss arising from the use of data contained in this website.

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