If you are planning to buy gold in the city today, there is some good news. After a few days of staying high, gold prices in Hyderabad have seen a slight decline this Friday. This dip is mainly because of a stronger US dollar and changes in the global market.
For our Hyderabad brothers and sisters who are tracking prices for weddings or small savings, here are the latest live rates in the city today.
Current Gold Rates in Hyderabad (Per 10 Grams)
| Gold Type | Today’s Price (10g) | Yesterday’s Price | Price Change |
| 24 Carat (Pure Gold) | ₹1,61,240 | ₹1,62,220 | ▼ ₹980 |
| 22 Carat (Standard Gold) | ₹1,47,800 | ₹1,48,700 | ▼ ₹900 |
| 18 Carat (Jewellery Gold) | ₹1,20,930 | ₹1,21,670 | ▼ ₹740 |
Silver Rate Update
Silver prices have also followed a similar trend today. The current price of silver in Hyderabad stands at ₹2,89,900 per kg, which is a decrease of about ₹560 from yesterday’s rate.
Why are Gold Prices Falling Today?
The “Yellow Metal” is witnessing a downward trend for the second week this March. There are two main reasons:
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Strong US Dollar: When the dollar gets stronger, gold prices usually come down in the international market.
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Global Market Changes: Ongoing tensions in the world and new policies from the US Fed are making investors a bit cautious.
Important Tips for Hyderabad Buyers
Before you go to the shops in Somajiguda, Abids, or your local market, remember these points:
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Purity Check: Always check for the BIS Hallmark on the jewellery to ensure quality.
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Extra Charges: The rates mentioned here are the market rates. Your final bill will include making charges (around 10% to 20%) and 3% GST.
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Compare Prices: It is a good idea to check wastage charges in 2 or 3 shops before you buy, as they vary from one jeweller to another.
Hub Note: Gold prices change multiple times a day based on demand. It is always best to confirm the live rate with your local jeweller just before you pay.
Follow myhyderabadhub.com for daily updates on market rates and everything happening in our Hyderabad city!
