Gold Price: Gold and silver prices have once again started to surge. After falling for two consecutive days in the bullion market, prices are showing an upward trend today. Gold prices have jumped on April 9, driven by rising demand.
In fact, uncertainty due to the trade war in the global economy has increased. This is one of the main reasons behind the rising gold prices in international markets as well. Commodity market experts also believe that the future trend for gold will remain positive.
Gold Price in Hyderabad Bullion Market
In Telangana’s capital Hyderabad, the rate of 24-carat gold is ₹9,044 per gram, 22-carat gold is ₹8,290 per gram, and 18-carat gold is ₹6,783 per gram. Silver is also trading higher at ₹102 per gram and ₹1,02,000 per kilogram.
22K and 24K Gold Prices Rise After Two-Day Dip
Due to the rebound in the bullion market after two days, gold prices have surged. In Hyderabad, the price of 22-carat gold has increased by ₹650, now selling at ₹82,900 per 10 grams. Likewise, the 100-gram rate has gone up by ₹6,500, reaching ₹8,29,000.
The price of 24-carat gold has also seen a strong jump of ₹710, now reaching ₹90,440 per 10 grams. The 100-gram rate is up by ₹7,100, now trading at ₹9,04,400.
18-carat gold prices have risen by ₹530, reaching ₹67,830 per 10 grams, and ₹5,300 per 100 grams, now selling at ₹6,78,300.
Gold Rates in 5 Other Cities:
- Bhopal: 24K gold – ₹9,049/gm, 22K – ₹8,295/gm, 18K – ₹6,787/gm
- Indore: 24K gold – ₹9,049/gm, 22K – ₹8,295/gm, 18K – ₹6,787/gm
- Kolkata: 24K gold – ₹9,044/gm, 22K – ₹8,290/gm, 18K – ₹6,783/gm
- New Delhi: 24K gold – ₹9,059/gm, 22K – ₹8,305/gm, 18K – ₹6,795/gm
- Jaipur: 24K gold – ₹9,059/gm, 22K – ₹8,305/gm, 18K – ₹6,795/gm
Gold Rate in Global Market
Gold and silver prices are witnessing a rise globally as well. On COMEX, gold prices surged by 2.1%, crossing $3050 per ounce. Silver prices also jumped by around 2%, reaching $30 per ounce. A weakening dollar has added fuel to the bullish sentiment in the bullion market, with the dollar index dropping to the 102 level.
