Hyderabad Gold Rates Today: 24K and 22K Breakdown
The correction has brought significant relief to retail buyers in the Telugu states. 24-carat gold, which was nearing the ₹1,60,000 mark, plummeted by ₹2,620 per 10 grams.
| Purity / Metric | Hyderabad Price (10g) | Change from Feb 12 | 1 Gram Rate |
| 24-Carat Gold | ₹1,55,780 | 📉 ₹2,620 | ₹15,578 |
| 22-Carat Gold | ₹1,42,800 | 📉 ₹2,400 | ₹14,280 |
| 18-Carat Gold | ₹1,16,840 | 📉 ₹1,960 | ₹11,684 |
Note: Prices mentioned above are indicative and exclude 3% GST, making charges, and local cess. Actual rates at showrooms like Malabar Gold, Joyalukkas, or Tanishq may vary slightly.
Why are Gold Prices Falling Today?
Market analysts point to a “perfect storm” of global economic factors that triggered this sharp retreat from recent peaks:
-
US Economic Resilience: Stronger-than-expected US nonfarm payroll data suggests the Federal Reserve may delay aggressive interest rate cuts. Higher rates typically dampen the appeal of non-yielding assets like gold.
-
Dollar Index Rally: As the US Dollar strengthens, gold (priced in dollars) becomes more expensive for international buyers, leading to a natural dip in demand.
-
Massive Profit Booking: After gold prices briefly crossed the psychological barrier of $5,000/ounce globally, institutional investors began cashing out, triggering automated sell-orders.
-
Domestic Impact: The Indian market followed the global spot market trend, where gold eased nearly 3% to sit around the $4,960 level.
Regional Price Variations: Telangana vs. Andhra Pradesh
While Hyderabad remains the primary bullion hub, slight variations are being reported across the region:
-
Vijayawada & Vizag: Prices are slightly higher (by ₹100–₹300) due to localized coastal demand and transportation costs.
-
Rural Districts: Towns in Telangana may offer marginally lower quotes as jeweler overheads are often reduced compared to the city.
Investor Outlook: Is it Time to Buy?
Despite today’s sharp decline, the long-term sentiment for gold remains bullish. While this dip offers a favorable entry point for those purchasing for upcoming weddings or long-term portfolios, volatility is expected to persist.
Stay tuned to PingTV for real-time updates on bullion rates and expert market analysis.
Read More News
Gold Prices Dip on Profit Booking as US Dollar Strengthens: Key Levels and Outlook for Investors
Gold Rates Today in Hyderabad: 24K and 22K Prices Edge Higher Amid Global Volatility
TRUMP SCRAPS TARIFFS ON BEEF, COFFEE, AND TROPICAL FRUIT IN PUSH TO LOWER GROCERY PRICES
