Gold rates in Hyderabad are a direct consequence of global gold rates, which are affected by a wide range of factors such as global production, strength of currency, internal demand of the country, prices of other commodities such as oil, and so on.
Gold in Hyderabad is generally sold as jewelries and related products. This is mainly for individual consumption for occasions such as marriages, festivals, and even as a form of investment strategy for both long and short terms. Returns from gold have ideally been assured and reliable, and this is a big reason why individuals in Hyderabad are preferring gold over other forms of investments such as bank deposits or equity markets.
Hyderabad, the erstwhile Nizam stronghold and the land of the Biryanis, has a long and intimate history with gold. In this page we will cover a few basic details about gold aand Gold rate in Hyderabad.
Trend of Gold Rate in Hyderabad for June (rates per gram of 24 karat gold)
June 2018 – Week 1 (1st – 10th)
- When trading commenced for the week in Telangana’s capital, Hyderabad, gold opened on a strong note of Rs.3,100 per gram.
- This dropped to Rs.3,089 per gram the next day as bullion demand took a tumble after the latest US jobs data was announced.
- With reports suggesting the Federal Reserve would increase the interest rates, gold rates took a hit even more.
- On the 4th, gold rate in Hyderabad went down to Rs.3,081 per gram as demand was plummeting.
- However, a brief improvement was recorded on the 5th and the metal traded at Rs.3,084 per gram as demand from domestic investors improved.
- This went up to Rs.3,088 per gram on the 6th as demand rose steadily. The latest G7 summit was fast approaching and with it the disagreements between the participating nations came to the care.
- Markets tanked as a result on the 8th and gold price in Hyderabad rose to Rs.3,103 per gram before continuing at this rate on the next day as well.
- After US President Donald Trump targeted Canadian Prime Minister Justin Trudeau and other G7 head of states for “wrong trade practices”, gold rates surged further to Rs.3,119 per gram.
- The week drew to a close with gold trading at Rs.3,119 per gram as gold prices held steady as markets began to grapple for control.
Trend of Gold Rate in Hyderabad for May 2018 (rates per gram for 24 karat gold)
| Parameters | Gold price (24 karat) |
| May 1 Rate | Rs.3,114 per gram |
| May 31 Rate | Rs.3,122 per gram |
| Highest Rate in May | Rs.3,213 per gram on 15 May |
| Lowest Rate in May | Rs.3,103 per gram on 3 May |
| Overall Monthly Performance | Incline |
| Percentage Change | 0.25% |
May 2018 – Week 1 (1st – 6th)
- Trading commenced in Hyderabad with gold priced at Rs.3,114 per gram on the 1st as the US dollar hovered near to its three-and-half-month high from the previous session.
- With investors and traders speculating ahead of the central bank monetary policy meeting, the US dollar strengthened. This led to gold prices declining over the next few days.
- The precious metal prices were recorded holding at Rs.3,103 per gram on the 3rd with gold plummeting to near four-month lows in the international bullion market.
- The dollar, however, lost against other apex currencies following dovish remarks by the US Fed Reserve to gradually increase interest rates as expected. This led to gold rates in Hyderabad rising towards the end of the week.
- When trading concluded for the week, the yellow metal was recorded trading at Rs.3,136 per gram on the 6th amid the weakened US dollar and poorly-performing equity markets.
May 2018 – Week 2 (7th – 13th)
- In the Telangana capital city, gold opened at Rs.3,136 per gram when the second week of May began.
- On the 8th, prices in Hyderabad, prices dropped to Rs.3,134 per gram as a steady rise in the US dollar and the treasury yields curbed gold demand.
- The 9th saw gold rates rise to Rs.3,134 per gram as demand was almost flat with there being little stimuli for growth.
- Inflation data, which was released on the 10th provided the much needed stimuli for bullion investors. The data turned out to be weaker than expected, which caused gold rates to rise to Rs.3,142 per gram on the day.
- The next few days continued on in this vein and investors made the most of the US dollar’s fall.
- Gold traded at Rs.3,145 per gram on the 11th before closing at Rs.3,154 per gram as the day ended.
- The 12th recorded a significant rise as well, with the metal trading at Rs.3,166 per gram amidst, owing to a struggling dollar.
- When the week ended, gold was still seen trading at Rs.3,166 per gram as demand flattened after hitting the previous day’s high.
May 2018 – Week 3 (14th – 20th)
- Gold trading began for the week with the precious metal trading at Rs.3,147 per gram on the 14th with steady demand from local jewellers and retailers on account of the weakened dollar and poorly-performing equity markets.
- With the dollar plunging to its lowest level in a week, gold rates surged to Rs.3,213 per gram on the 15th at the domestic level.
- However, with the dollar index gaining against a basket of other currencies, the greenback rebounded. This led to gold rates in Hyderabad plunging to Rs.3,120 per gram on the 16th.
- Poor domestic demand brought about by the strengthened US dollar and rising equities resulted in gold prices dropping to Rs.3,105 per gram on the 17th.
- Rates remained unchanged at Rs.3,105 per gram the next day amid the poor trend overseas.
- The week came to an end with the yellow metal trading relatively higher at Rs.3,124 per gram on the 20th following an incline in safe haven demand amid deteriorating US-Italian political relations on the global front.
May 2018 – Week 4 (21st – 27th)
- In Telangana’s capital, Hyderabad, gold was priced at Rs.3,113 per gram on the 21st – a Rs.11 decrease compared to the previous day.
- On the 22nd, gold demand was subdued, but as local demand was steady, the metal traded at Rs.3,113 per gram.
- The 23rd saw gold rates rise to Rs.3,125 per gram – Rs.12 increase – as the US dollar weakened and stock markets slipped as the Fed Reserve kept interest rates unchanged.
- The next two saw gold rates incline, first to Rs.3,137 per gram and then to Rs.3,146 per gram on the 24th and the 25th, respectively.
- As the dollar strengthened, gold rates dropped to Rs.3,133 per gram on the 26th of the month before continuing at this rate on the final day of this week.
May 2018 – Week 5 (28th – 31st)
- Trading commenced for the week with gold prices in Hyderabad opening at Rs.3,106 per gram on the 28th as the dollar edged higher amid revived hopes on the US-North Korean summit.
- The 29th saw rates remaining untouched at Rs.3,106 per gram with subdued but steady demand from local retailers and jewellers amid the poor trend overseas.
- However, the bullion gained over the next couple of weeks with the US greenback tumbling amid the rising political uncertainties in Italy and gold was priced at Rs.3,122 per gram on the 30th and the 31st.
- The month saw gold rates in Hyderabad rising by 0.25% due to the firm overseas trends that improved demand at the domestic front.
Trend of Gold Rate in Hyderabad for April 2018 (rates per gram for 24 karat gold)
| Parameters | Gold price (24 karat) |
| April 1 Rate | Rs.3,072 per gram |
| April 30 Rate | Rs.3,123 per gram |
| Highest Rate in April | Rs.3,153 per gram on 19 April |
| Lowest Rate in April | Rs.3,064 per gram on 6 April |
| Overall Monthly Performance | Incline |
| Percentage Change | 1.66% |
April 2018- Week 1 (1st-7th)
- Echoing trends seen across other Indian cities, gold rates in Hyderabad started off strong and rose towards the middle of the week before seeing a minor dip.
- The yellow metal traded at a stable Rs.3,072 per gram on 1 April as demand from industry bolstered demand.
- With markets apprehensive of a trade war between the United States and China, investors sought out gold as a hedge against losses on the stock markets.
- Gold price in Hyderabad surged to Rs.3,091 per gram on 3 April on consistent demand from overseas, which encouraged local industry to increase orders.
- Gold rate in Hyderabad peaked at Rs.3,100 per gram on 4 April amidst a renewing of rhetoric between China and the U.S., though retail demand declined due to the high cost of local gold.
- Equity markets calmed after reassurances by the U.S. government on tensions with China, and this resulted in the Dollar rising and gold prices falling to Rs.3,066 per gram on 5 April.
- Demand for gold improved as markets fell following the renewal of trade tensions with China as the week drew to a close, resulting in gold prices rising to Rs.3,075 per gram on 7 April.
April 2018- Week 2 (8th -15th)
- Gold was seen trading at Rs.3,075 per gram when the second week of April began on the 8th.. Rates in Hyderabad were the same on the 9th as well because demand for the metal stable in most Asian markets.
- Gold prices seemed to dwindle on the 9th as a possible trade war between China and the US began to take hold. The yellow metal traded at Rs.3,073 per gram on this day.
- Domestic demand surged up on the 11th and the metal traded at Rs.3,099 per gram before rising again to Rs.3,129 per gram on the 12th.
- However, the 13th saw gold prices decline as the Federal Reserve’s anticipated interest rate hike pushed global bullion demand down. This consequently pushed rates down to Rs.3,106 per gram on this day.
- On the 14th, gold prices in Hyderabad moved up to Rs.3,119 per gram before rising to Rs.3,142 per gram on the 15th as reports confirmed a joint attack on Syria by allied US and European forces. This caused markets to plummet and gold prices to rise as a result.
April 2018 – Week 3 (16th – 22nd)
- The week began in Hyderabad with the yellow metal trading at Rs.3,124 per gram on the 16th as the US dollar weakened with world markets mulled over the US-led missile strike on Syria.
- Gold rate in Hyderabad surged to Rs.3,129 per gram on the 17th after the US dollar index lost against a basket of currencies with the greenback plummeting to its lowest level in three weeks.
- The 18th, however, saw gold rates in Hyderabad rising to Rs.3,142 per gram with investors and traders capitalising on the bullion despite the easing global tensions.
- Prices rose for the fourth consecutive session to Rs.3,153 per gram the next day with safe-have demand on the rise amid inflationary concerns following a strong rally by base metals.
- On the 20th, gold prices dropped to Rs.3,146 per gram as demand stabilised with global political tensions easing down in world markets.
- Though prices remained untouched at Rs.3,146 per gram on the 21st, an increase in demand brought about by the local wedding season led to bullion rates surging to Rs.3,151 per gram on the 22nd.
April 2018 – Week 4 (23 – 30):
- When the last week of April opened for trading, gold was priced at Rs.3,140 per gram.
- The 24th saw gold prices rise to Rs.3,146 per gram as investor demand went up amid increased buying from local jewellers and other concerned parties.
- Gold continued to trade at Rs.3,140 per gram on the 24th of April before rising to Rs.3,146 per gram the next day as demand went up.
- On the 26th, gold prices in Hyderabad went down slightly to Rs.3,144 per gram but declined further on the 27th to trade at Rs.3,129 per gram.
- During the 28th, gold prices rose to Rs.3,140 per gram which then fell to Rs.3,123 per gram on the 29th penultimate day of the week and month.
- As demand seemed to decline, gold rates went down to Rs.3,114 per gram on the final day of this week and month.
Trend of Gold Rate in Hyderabad for March 2018 (rates per gram for 24 karat gold)
| Parameters | Gold price (24 karat) |
| Gold Rate on 1st March 2018 | Rs.3,043 per gram |
| Gold Rate on 31st March 2018 | Rs.3,072 per gram |
| Highest Rate in March | Rs.3,105 per gram on 24 and 25 March |
| Lowest Rate in March | Rs.3,030 per gram on 19 March |
| Overall Monthly Performance | Incline |
| Percentage Change | 0.95% |