Today Gold Rate Hyderabad – February 18, 2025
Gold is not only a symbol of wealth and prosperity but also a preferred investment option in Hyderabad. Keeping track of daily gold rates helps investors and consumers make informed decisions.
Current Gold Prices
| Gold Purity | Price per Gram (₹) | Price per 10 Grams (₹) |
|---|---|---|
| 24 Karat | ₹8,500 | ₹85,000 |
| 22 Karat | ₹7,900 | ₹79,000 |
*Please note that these prices are indicative and may vary based on market fluctuations and local jeweler rates.
Frequently Asked Questions
1. What factors influence gold prices in Hyderabad?
Gold prices in Hyderabad are influenced by global market trends, currency fluctuations, local demand and supply, and government policies.
2. Why is 24K gold more expensive than 22K gold?
24K gold is 99.9% pure, making it more valuable. In contrast, 22K gold contains 91.6% gold, with the remainder being other metals, making it slightly less expensive.
3. Is it better to invest in gold jewelry or gold coins?
Gold coins are often preferred for investment as they come with lower making charges compared to jewelry, which includes design and craftsmanship costs.
4. How can I ensure the purity of gold I purchase?
Always look for BIS (Bureau of Indian Standards) hallmarking on gold items, which certifies their purity.
5. Do gold prices vary between different jewelers in Hyderabad?
Yes, while the base rate is consistent, additional charges like making fees can vary between jewelers, leading to price differences.
6. What is the difference between 22K and 24K gold?
22K gold contains 91.6% pure gold and is commonly used in jewelry due to its durability. 24K gold is 99.9% pure and is softer, making it less suitable for jewelry.
7. Are there taxes applicable when purchasing gold in Hyderabad?
Yes, a Goods and Services Tax (GST) of 3% is levied on gold purchases in India.
8. Can I sell my old gold jewelry for current market rates?
Yes, jewelers buy old gold based on current market rates after deducting impurities and making charges.
9. How often do gold prices change?
Gold prices can change multiple times a day based on international market movements and local factors.
10. Is it advisable to invest in gold during festive seasons?
While demand is high during festivals, leading to potential price increases, many consider it auspicious to buy gold during these times.