Current Prices
As of 4th September 2024, the gold rate in Hyderabad fluctuates daily due to various factors, such as global market rates and local market gold prices. Look for the current gold rates in Hyderabad:
24K Gold: $7,276 Per Gram
22K Gold: $6,669 Per Gram
18K Gold: $5,456 Per Gram
During the occasional season, demand increases and prices rise, while global market trends can cause both upward and downward movements in the gold rate in Hyderabad.
Gold Rate Affecting Factors
- Global Market Gold Prices: Gold is an internationally traded commodity, and the global market price is directly influenced by several affected factors, such as changes in demand and supply as well as geopolitical events.
- Economic Data: Key economic indicators, including GDP growth, employment rates, and manufacturing data, affect gold prices as they provide financial uncertainty.
- Gold Production and Mining Costs: The cost of mining and production, includes labor, energy, and environmental regulations that impact the supply of gold and its prices.
- International Monetary Policies: Central banks’ policies also fluctuate the actual price of gold, including quantitative easing and interest rate decision factors.
Investment Perception
Gold is highly liquid as investing in gold has been perceived as a safe and stable option, especially during times of uncertain economic dynamics.
Gold is a safe-haven asset that retains the commodity value during economic downturns, inflation, or geopolitical instability.
For more detailed information and the latest updates, you need to visit websites like Goodreturns and Gold Rate 24 that offers the current gold rates.