- By Sahelee Rakshit
- Sat, 08 Feb 2025 08:49 PM (IST)
- Source:JND
Gold Rate Today in Hyderabad: The price of 24-carat gold in Hyderabad has risen to all-time highs, surpassing Rs 87,650. The extraordinary increase is indicative of a rising trend in gold prices throughout India, which is fueled by market volatility and worries about the state of the world economy.
Ten grams of 22-carat gold currently cost Rs 79,450 in Hyderabad, while 24-carat gold has skyrocketed to Rs 87,650.
Compared to the previous week, when 24-carat gold was valued at Rs 84,000 and 22-carat gold was valued at Rs 77,300, this represents a rise of almost 4 percent.
The surge in gold prices in Hyderabad is part of a nationwide trend, with significant rises also being seen in other major cities like Bengaluru, Delhi, and Mumbai. The price increase has also been spurred by the growing demand for gold as a safe-haven investment.
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Hyderabad Gold Price: Factors For The Rise
Hyderabad's growing gold prices are influenced by a number of national and international variables.
These include Trump's trade policies, geopolitical conflicts, and economic instability brought on by tariffs, deficits, and de-dollarisation.
Hyderabad's soaring gold prices might affect local demand since purchasers keep a close eye on price movements.
Global market movements, Federal Reserve decisions, and US trade policy are some of the variables that may affect gold prices in the future. Gold prices may continue to fluctuate if there are any notable developments in these regions.