Hyderabad: Gold rates in Hyderabad spiked on Saturday, February 17 after a month-low dip on Friday.
The price of gold in Hyderabad today is Rs 5,7200 for 10 grams of 22-karat gold and Rs 6,2400 for 10 grams of 24-karat gold.
Current yellow metal rates
Gold rates also peaked in metro cities apart from Hyderabad and various parts of India. Following are the gold rates in some metro cities:
| Cities | Rate of 10 grams of 22-karat gold (in rupees) | Rate of 10 grams of 22-karat gold (in rupees) |
| Hyderabad | 5,7200 | 6,2400 |
| Chennai | 57,800 | ₹63,050 |
| Mumbai | 62,400 | 46,800 |
| Kolkata | 57,200 | 62,400 |
| New Delhi | 57,350 | 62,550 |
The future trend of gold rates in Hyderabad and other cities hinges on various factors, including US Federal Reserve rate cuts, geopolitical stability, and domestic factors in India such as increased sales during the marriage season.
Reason for gold price fluctuation in Hyderabad
As India is a net importer of gold, the rates of the yellow metal depend on the international market, which is affected by various factors.
A key factor contributing to the decrease in gold rates internationally, affecting prices in India, is the US inflation data.
