Gold Rate In Hyderabad: 22k & 24k Up Over Rs 150 Amidst Market Fluctuations

Gold prices in Hyderabad witnessed a significant jump on Saturday, impacting both 22-carat and 24-carat variants. This upward trend comes after weeks of decline leading up to the wedding season. Presently, the rate for 10 grams of 22-carat gold is Rs 58,300, marking a rise of Rs 150. Simultaneously, the price for 10 grams of 24-carat gold is at Rs 63,600, reflecting an increase of Rs 160.

The current silver rate in Hyderabad is registered at Rs 78,000 per kilogram.

While international gold rates are experiencing fluctuations, the local market has also undergone a shift. In the weeks leading up to the wedding season, gold prices had been on a declining trend, hovering around Rs 60,000 for 10 grams of 24-carat gold and Rs 55,000 for 10 grams of 22-carat gold.

It's crucial to note that the mentioned prices were observed at 8 am and may undergo changes later in the day. Investors and enthusiasts are advised to stay updated on real-time rates.

Meanwhile, the World Gold Council reported a 4% decline in Indian gold consumption in the October-December quarter to 266.2 tons. This drop was attributed to reduced jewelry demand, which outweighed increased sales of coins and bars for investment purposes.