Gold Rate Today in Hyderabad

-10 (-0.02%)
As on 03 October, 2023 | 10g of 24k gold

Hyderabad, the bustling capital of Telangana, is a key gold trading hub in India. Once ruled by the Nizams, gold has always been an integral part of Hyderabad’s culture and economy.  Gold is considered a valuable and auspicious metal in Indian culture, and its prices are dependent upon a variety of factors like the US dollar index, inflation, interest rates, and global demand. If you are considering investing in gold, it is important to be aware of the current gold rate today in Hyderabad.


This page provides you with the latest gold price in Hyderabad as of January 11, 2023, as well as a few factors that can influence gold price fluctuations.

Today 24 Carat Gold Rate in Hyderabad (INR)

Gram 24 Carat Gold Today (₹) 24 Carat Gold Yesterday (₹) Daily Price Change (₹)
1 gram 5,983 5,984 -1
8 gram 47,864 47,872 -8
10 gram 59,830 59,840 -10
100 gram 598,300 598,400 -100

Today 22 Carat Gold Rate in Hyderabad (INR)

Gram 22 Carat Gold Today (₹) 22 Carat Gold Yesterday (₹) Daily Price Change (₹)
1 gram 5,748 5,709 38
8 gram 45,980 45,675 305
10 gram 57,475 57,094 381
100 gram 574,750 570,940 3,810

Historical Gold Rates in Hyderabad

Date 24 Carat (per gm) % Change(24 Carat) 22 Carat (per gm) % Change(22 Carat)

Indian Major Cities Gold Rates Today (10g)

City 24 Carat Gold Today 22 Carat Gold Today
Chennai 60110 55100
New Delhi 59121 59499
Mumbai 58040 53200
Bangalore 59830 57470
Kerala 62680 57456
Ahmedabad 62700 57475
Pune 60847 55777
Vijayawada 62700 57475
Coimbatore 62695 57470

Factors That Influence Gold Prices in Hyderabad

Gold prices in Hyderabad are determined by a combination of factors, including the US dollar index and international gold rates. The US dollar index is especially important since it determines how much gold will be valued in other currencies. Inflation and interest rates also play a role in determining gold price fluctuations.

Moreover, gold prices in Hyderabad are also affected by global demand. If the demand for gold is high in other countries, it can cause a surge in gold prices here too.

At the time of writing, the 916 gold rate today in Hyderabad is ₹ 43,992 per 8 grams. This rate can change depending on the factors mentioned above. Also, gold prices can vary slightly depending on the quality of the gold being sold.

Overall, if you are considering investing in gold, it is important to stay up-to-date with the latest gold rate in Hyderabad. Researching and understanding these factors will help you make an informed decision about your investment.

How is Today's Gold Rate in Hyderabad Determined?

Despite a tumultuous few weeks on the stock market, gold remains in high demand worldwide - particularly in India. India is a leader among the world's biggest gold consumers, comprising around 25 percent of total global physical demand. Additionally, India and China are two countries that drive such large appetites for gold each year.

With the wedding and festive seasons, jewelry demand in India grows substantially, resulting in the rise of its price. Although this drives up gold prices due to an increase in buyer interest, there are many other variables that influence gold prices across the country.

According to the World Gold Council's latest report, two fundamental components - income and gold price level - impact consumer demand in the long run.

With that being said, the 22 carat gold rate in Hyderabad is determined by many factors. It is vital to understand these factors in order to make an informed decision when investing in gold.

The Indian Jewellery Market:

According to a report released by the World Gold Council in 2019, Indian households are estimated to possess as much as 25,000 tonnes of gold - making India the most prominent custodian of this precious asset.

In Indian culture, gold has long been seen as a valuable asset and is frequently used for special occasions like weddings or festivals such as Diwali. Indians often adorn themselves with jewelry during these celebrations, causing consumer demand for gold to rise significantly - which in turn leads to an increase in its price. Gold thus holds a unique place within households across India and continues to make history year after year.

Geo-Political Factors:

Whenever there is a fluctuation in gold prices across the world, it affects its cost in India as well since India is one of the biggest consumers. In addition to this, gold tends to be regarded by investors as an asset that provides protection from political turmoil or unrest, hence increasing their demand for it and driving up its price. Unlike other assets, which typically depreciate during such challenging times, gold's value appreciates leading to people investing money into it for security purposes—making it a crucial commodity amidst crisis.

Government Reserves:

When the Reserve Bank of India (and other central banks across countries) begins to purchase more gold than it sells, this results in an uptick in the value of gold. This is because there is a surge of cash flow through the marketplaces without sufficient amounts of physical gold available for sale.

Rupee-Dollar Impact on Gold:

As said, the rupee’s exchange rate against the dollar affects gold prices. If the rupee weakens, gold becomes more expensive for Indian buyers since they need to pay more rupees to buy a single unit of US dollars. This causes gold prices in India to rise and vice versa - when the rupee appreciates against other currencies, gold prices tend to fall.


Given that the majority of physical gold is imported to India, an appreciation in gold prices can be expected if the rupee loses value against the dollar. Consequently, a depreciating Indian currency could create unfavorable conditions for gold demand within the country.

Protection from Uncertainty:

Gold is considered to be one of the safest assets to invest in during times of economic uncertainty. The economic uncertainty could stem from a number of factors, such as political unrest or a global recession. During these times, investors tend to flock towards gold as it is seen to be a reliable asset with relatively low risks and can be used as a hedge against losses in other investments.

Good Monsoon Rains:

Good monsoon rains usually lead to higher levels of gold demand due to increased purchasing power amongst farmers. This is because when the rains arrive in full force and produce a good harvest, more money enters the hands of farmers, who are then able to purchase gold.

Surprisingly, up to 60% of India's gold consumption is derived from rural areas throughout the country. This means that an increase in gold sales within rural areas can have a huge impact on the gold rate today in Hyderabad and across India.

Interest Rates:

The interest rates in India also have an impact on the gold rate today in Hyderabad. When the government lowers interest rates, more people tend to purchase gold as it helps them gain a higher return on their investment due to its high liquidity and low risk. However, this decrease in the interest rate results in the high demand and price of gold.


Finally, the gold rate in Hyderabad and the rest of India is sensitive to inflation. When inflation rises, gold prices tend to rise as well since it is seen as a hedge against increasing costs of goods and services.

Inflation is a term used to describe the sustained rise in the cost of goods and services over time. When inflation is high, it means that the price of goods and services will go up significantly, resulting in people buying gold as a hedge against this increasing cost.

In India, people usually prefer holding wealth in gold during times of high inflation, as the rate for 916 gold today in Hyderabad is seen to be more stable compared to other assets. This results in an increase in demand for gold, which leads to its price rising over time.

Places to Buy Gold in Hyderabad

When it comes to gold, quality is just as important as price. There are a number of reputable and reliable jewelers in Hyderabad that offer 916 gold at reasonable prices. Here are some popular places to purchase gold in Hyderabad:

  • Lalitha Jewellery
  • Joyalukkas
  • Malabar Gold & Diamonds
  • Krishna Pearls & Jewellers
  • Tanishq
  • Khazana Jewellery
  • Kalyan Jewellers
  • Mangatrai Jewellers
  • Manepally Jewellers
  • P. Satyanarayan Sons Jewellers
  • Sri Bhavani Jewels
  • Reliance Jewels
  • Mohammed Khan Jewellers
  • Mujtaba Jewellers
  • Carat Lane

By researching these places, customers can find the best quality gold at an attractive rate today in Hyderabad. If you are looking to purchase gold in Hyderabad, then make sure you compare the 916 gold rate today in Hyderabad across different jewelers before making a decision. This way, you can get your hands on the perfect piece of jewelry for yourself or your loved ones at a great price!

Importing Gold into Hyderabad

India is a crucial player in the global gold industry, yet it does not generate enough of its own gold to meet domestic demands. India holds second place worldwide when it comes to importing gold bars – right behind China. The Reserve Bank of India oversees these imports and helps keep them regulated.

There are certain procedures and legalities that must be followed when it comes to importing gold into Hyderabad.

  • The overall custom tariffs on the gold bar and doré add up to 15% and 14.35%, respectively.


  • An additional 3% Goods and Services Tax (GST) is added, making it 18.45% in tax for refined gold.


  • Under no circumstances should the total weight of gold (including any ornaments) exceed 10 kilograms per passenger.


  • It is strictly forbidden to import gold coins and medallions.


  • Ornamental pieces with precious stones and pearls are prohibited.


  • To maintain accuracy and control, all gold imports must be routed through certified custom-bonded warehouses.


  • For women who have lived outside the country for more than a year, importing Gold worth up to ₹1 lakh is permissible. In the case of men, the limit is ₹50,000.

Given the complexity and specific regulations around importing gold into Hyderabad, it’s important to ensure that you are familiar with the rules before attempting to do so.


Gold as an Investment in Hyderabad

Investing in gold can be done through various methods, such as buying physical gold, gold ETFs, and gold mutual funds.


  1. Physical gold includes coins, bars, or jewelry made from 916 gold which can be kept at home or in bank lockers.
  2. Gold ETFs are shares that track the price of gold and offer investors exposure to the movement of its price without having to own physical gold.
  3. Gold mutual funds are professionally managed portfolios of gold-related investments, such as stocks in mining companies and gold ETFs.

GST Impact on Gold Price in Hyderabad

The implementation of the Goods and Services Tax has brought profound changes to the gold market. Gold is one of few items that carry different GST rates depending on its stage in production, from purchasing all the way through to manufacturing for consumer use. Therefore, people must pay GST tax both when buying or selling pure gold as well as when making ornaments out of it.

In order to create a uniform tax system, the GST Council compiled all of India's indirect taxes and set the standard rates for goods and services. These range from  0%, 5%, 12%, 18%, and 28%, with over 50% of commodities subject to an 18% rate. Through this measure, it has become simpler than ever before to calculate the taxation of gold in Hyderabad.

As a result of the introduction of GST, gold pricing has increased to 3% across India, with an additional 5% charge on making fees. This is up from 2%, which was previously the most common rate in many regions, including Hyderabad.


Things to Remember Before Buying Gold in Hyderabad

If you are looking to buy gold in Hyderabad, there are a few things to keep in mind.

Gold Rate in Hyderabad: 

Pure Gold (24 K) (1 gram) rate at the time of writing in Hyderabad is ₹ 5,499.


Always check for the gold's purity before purchasing. 916 Gold is the most popular form of gold in India, which means that it consists of 91.60% pure gold and 8.39% other metals such as copper, zinc, etc.


Make sure that you buy from reputable sources with proper certifications attesting to its authenticity and quality. Some popular certifications include BIS (Bureau of Indian Standards) hallmarks.

Weighing Scale: 

Double-check the measurements with a certified weighing scale to ensure accuracy.

Making Charges: 

Jewelers include making charges for their gold ornaments and coins on top of the cost of gold itself. This is due to the labor-intensive manufacturing process that's necessary, as well as variations in design complexity which also boost these fees.

Wastage Charges: 

Precious metals such as gold are melted, cut, and molded into custom designs to create beautiful ornaments. Unfortunately, this process leads to some wastage of the metal - a cost that jewelers will include in their total price for your item.

Buy Back Policy: 

Jewelers offer a buyback program that allows you to exchange your old jewelry for something more fashionable. Even though gold retains its intrinsic value, the jeweler will subtract any applicable making charges when they accept the gold.

Difference between KDM and Hallmark Gold

KDM gold is a form of gold that has been alloyed with cadmium, a toxic element that can cause health problems. It is illegal to sell this type of gold in India, yet it may still be available in certain markets. For example, KDM gold has a higher melting point and can therefore be used for smaller ornaments such as chains and pendants.

On the other hand, hallmark gold consists of pure 24-karat gold, which was tested by the Bureau of Indian Standards (BIS). Hallmark gold carries an official certification from BIS to prove its authenticity.

The Hallmark Gold consists of the following:

  1. Purity in fineness and karat
  2. Retailers Logo
  3. BIS Logo
  4. Assaying Centers Logo


 In Hyderabad, gold can be purchased in several different forms, including physical gold, such as coins and bars, or digital gold through various exchanges. Additionally, you may also invest in sovereign gold bonds or mutual funds that focus on gold and offer more secure options

Gold prices in Hyderabad are affected by global market trends. However, it is difficult to predict gold rate movements with any certainty since it is subject to a variety of factors. The best approach would be to monitor the markets and remain up-to-date on the news about gold prices.

The most popular form of gold in India is 916 (22 Karat) gold, meaning that it consists of 91.60% pure gold and 8.39% other metals such as copper, zinc, etc. There are other karats available, including 24k and 18k, but these are less common.

Generally, gold prices in Hyderabad tend to be at its highest during times of economic uncertainty or geopolitical turmoil. This is because investors often consider gold as a safe haven asset in such scenarios. Therefore, the ideal opportunity to sell gold would be when the market is volatile, and the price is high.

The gold purity in Hyderabad is measured according to the karat system, where 24k gold represents pure gold and lower karat contains a mix of other metals. A 916 (22 Karat) gold means that it consists of 91.60% pure gold and 8.40% other metals such as copper, zinc, etc.