Gold Price in Hyderabad today - 21 May

last updated on 21 May 2022

India

0(per gram) (16K)

The yellow metal is highly revered in Indian culture. Starting from festivals to birthdays and weddings, perhaps not a single auspicious occasion goes by without making use of the yellow metal. Besides this, it is an outstanding investment instrument across households in India, including Hyderabad, owing to its value as a hedging asset class. Also, individuals can use gold ornaments as collateral easily to acquire funds at times of financial emergency.

However, its worth noting that the gold price in Hyderabad shows frequent fluctuations, which is why individuals should keep track of the prevailing rates before purchasing or pledging jewellery.

Gold Prices in Hyderabad for different purity

PurityGold price 1 gramGold price 10 gram

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Gold Prices in Hyderabad for the last 7 days

DateGold price 1 gramGold price 10 gram
28 April, 2022₹ 5,400₹ 54,000
27 April, 2022₹ 6,000₹ 60,000
26 April, 2022₹ 6,500₹ 65,000
25 April, 2022₹ 7,000₹ 70,000
24 April, 2022₹ 7,500₹ 75,000
23 April, 2022₹ 6,500₹ 65,000
22 April, 2022₹ 7,500₹ 75,000
Gold Price Calculator in Hyderabad

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Gold Rate in Hyderabad for Different Purities (Comparison Table for 18, 22, and 24 Karats)

The yellow metal’s purity is measured in karat and is majorly categorised as 18, 22 and 24 karats. A gold piece of 24 karats comprises 100% gold, and no alloy is mixed into the same. Though 24 karat is the highest purity level, most jewellery in Hyderabad consist of 22 karat gold, which has a lower cost than the former. And the least expensive purity level is 18 karat. You can get to know the current prices of all these purity levels on this page.

Gold Prices in Hyderabad over Last 7 Days

Over the last 7 days, the gold price in Hyderabad has been witnessing a fluctuating trend. A fluctuation in the yellow metal’s price can occur due to several reasons like global movement, inflation, rate of interest trends, etc. (insert table)

Monthly and Weekly Graph of Gold Rate in Hyderabad

Owing to the fact that this metal’s demand remains unaffected even under inflation and its high liquidity value, gold ornaments act as excellent collateral to facilitate easy and fast access to funds. As seen over the last week, the gold price in Hyderabad can continue to be dynamic in nature and vary because of many factors. Given below is a graphical representation of gold price trends in Hyderabad over the past few months and weeks. (insert graph)

Why Should You Check the Gold Price in Hyderabad before Purchasing?

The yellow metal’s price is immensely dynamic in nature, as is evident from the fact that they show variation over a short time span. Looking closely at the gold rates in Hyderabad for the past 7 days will make it clear for you. Given this dynamic nature, it is imperative for you to be aware of the live gold price in Hyderabad. You will find the same on this page. Ensure that you compare the prices with all your desired lenders from Hyderabad before zeroing in on one. This will go a long way in helping you choose the most suitable loan offer.

Factors that Influence Gold Prices in Hyderabad

Multiple international and domestic factors influence the gold price in Hyderabad, making the prices of this metal volatile. Some of these include global movement, import duty, supply and demand of gold, interest rate trends, currency fluctuations, inflation, Indian jewellery market, Government gold reserves and tax regime changes.

Ways to Calculate Gold Price in Hyderabad

Listed below are two methods of calculating the yellow metal’s price in Hyderabad:

  • Karat Purity Method - Gold value = (Gold’s purity x weight x gold rate) / 100
  • Percentage Purity Method - Gold value = (Gold’s purity x weight x gold rate) / 24 You can use the above value to compute results from our online gold loan calculator.
  • Determining the Required Loan Amount
  • Step 1: Click on ‘Choose available Gold Weight’.
  • Step 2: Fill in the purity of the gold you possess in Karats and its total weight in grams.
  • Step 3: Input an appropriate tenure and interest rate. Once this process is complete, the online tool will compute and display total interest, total funds you can acquire against the collateral and monthly interest.
  • Knowing the Required Gold
  • Step 1: Select the ‘Choose required Loan Amount’ tab present on the calculator page.
  • Step 2: Fill in a suitable tenure, interest rate, and required loan amount. Following this, the online calculator will display the value for monthly interest, the gold required, and total interest payable.

Reasons Why the Gold Rate in Hyderabad Varies from That in Other Cities

Following are the reasons why the gold price in Hyderabad varies in comparison to other cities:

  1. Transportation costs in and around Hyderabad
  2. Taxes applicable on gold purchases in this city
  3. Varying making charges across jewellers
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