The city of Hyderabad has witnessed a significant surge in gold rates in recent times, with the prices of the yellow metal skyrocketing by over 25 percent in less than four months. The current rates are inching closer to the Rs 1 lakh mark, leaving many investors eager to cash in on the lucrative market. But what is behind this trend, and how are gold prices in Hyderabad changing?
Breaking records seven times in April, the prices of gold in Hyderabad reached an all-time high on multiple occasions. The records were broken on April 1, 3, 11, 12, 16, 17, and 18, with the prices reaching as high as Rs 89,200 and Rs 97,310 per 10 grams of 22-carat and 24-carat gold, respectively.
On Friday, the rates broke all-time high records of Rs 89,200 and Rs 97,310 per 10 grams of 22-carat and 24-carat gold, which were recorded on April 17. The rates have jumped by Rs 250 and Rs 270, respectively, to hit a new all-time high amid uncertainty over US President Donald Trump’s tariff policies.
So far this year, the yellow metal has surged by Rs 19,580 per 10 grams, with the current prices being Rs 89,450 and Rs 97,580 for 10 grams of 22-carat and 24-carat gold, respectively. This marks a jump of 8.7 percent in ten days.
At the beginning of the year, 22-carat gold was priced at Rs 71,500 and 24-carat gold at Rs 78,000. Hyderabad’s spike in gold prices is part of a nationwide trend, with other major cities like Mumbai, Delhi, and Bengaluru also witnessing substantial increases.
The rising demand for gold as a safe-haven investment has fueled the surge in rates in Hyderabad and other cities. As per chief executive officer at Abans Financial Services Chintan Mehta, “Gold prices soared to record highs, fueled by a weaker dollar, escalating trade war tensions, and growing concerns over global economic growth following US President Donald Trump’s tariff announcements,”
“Adding to the bullish sentiment, major banks have turned increasingly positive on gold, pointing to broad-based sell-offs in equities, bonds, and currencies, alongside steady inflows into gold-backed ETFs and sustained central bank buying”, Mehta added.
In view of the uncertainty and trade policies, people are shifting their investments towards gold, resulting in a surge in the rates of the yellow metal in Hyderabad and other cities. As noted by Kaynat Chainwala, AVP-Commodity Research at Kotak Securities, “Gold extended gains, hitting a fresh all-time high…after the US Federal Reserve Chair Jerome Powell warned that uncertainty over US trade policy could weigh on the economy, dampening global risk appetite,”
The current trend in gold prices in Hyderabad is expected to continue, driven by the ongoing uncertainty and trade policies. The prices are expected to remain volatile, and investors are advised to stay cautious and monitor the market developments closely.

Key Points to Consider
• Gold prices in Hyderabad have surged by over 25 percent in less than four months.
• The current rates are inching closer to the Rs 1 lakh mark.
• The prices of gold in Hyderabad have reached an all-time high on multiple occasions in April.
• The surge in gold prices is part of a nationwide trend, with other major cities witnessing substantial increases.
**Definitions and Highlights
• Safe-haven investment: An investment that is considered to be a safe and stable asset during times of economic uncertainty.
• Trade war: A trade dispute between countries that involves tariffs, subsidies, and other trade restrictions.
• Volatility: The state of being unpredictable or unstable.
Investment Insights
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