Gold and Silver Prices Spike Again in Hyderabad
Precious metal rates in Hyderabad saw a significant surge today, with both gold and silver prices rising sharply. Market watchers say sustained global trends and demand dynamics are contributing to the sudden uptick.
Today’s Spot Prices in Hyderabad
| Metal | Rate | Change (Today) |
|---|---|---|
| 24K Gold (10 grams) | ₹1,62,500 | ↑ ₹3,470 |
| 22K Gold (10 grams) | ₹1,50,470 | ↑ Included in above gold rise |
| Silver (per kg) | ₹2,74,000 | ↑ ₹18,700 |
Gold prices have climbed significantly in recent sessions, indicating strong investor interest despite economic uncertainties. Silver rates also witnessed a notable jump today.
Historical Value of 10 Grams of Gold (India)
Here’s a look at how the price of 10 grams of gold has changed over the decades, highlighting the long-term trend of rising precious metal values:
| Year | Price of 10 grams of Gold (₹) |
|---|---|
| 1955 | ₹79 |
| 1960 | ₹111 |
| 1970 | ₹184 |
| 1980 | ₹1,330 |
| 1990 | ₹3,200 |
| 2000 | ₹4,400 |
| 2005 | ₹7,000 |
| 2010 | ₹18,500 |
| 2015 | ₹26,343 |
| 2020 | ₹48,651 |
| 2022 | ₹56,123 |
| 2023 | ₹61,111 |
| 2024 | ₹74,444 |
| 2025 | ₹88,888 |
| 2026 | ₹1,55,555 |
What This Means for Investors and Buyers
The steady long-term appreciation in gold prices underscores its role as a traditional hedge against inflation and economic volatility. Today’s surge may attract both investors and consumers looking to buy or sell jewellery.
Silver’s jump reflects rising industrial demand and shifts in global commodity markets. Buyers are advised to monitor prices closely if planning any purchases in the near term.
Conclusion
With gold rates crossing key psychological levels and silver also trending upward, Hyderabad’s precious metal markets are drawing attention from traders, investors and consumers alike. Historical data shows a long-term bullish trend for gold, making it a preferred store of value for many.
