Gold prices in Hyderabad jumped sharply on Monday, February 15, 2025, tracking the overall gold market surge. 24K gold price surged by a whopping Rs 5,500 in 100 grams in a single day, while price neared Rs 86,700 mark in 10 grams. Further, the 22K gold price was Rs 600 away from hitting the Rs 80,000 per 10 grams mark, and that of 18K gold was just Rs 30 away from touching Rs 65,000 levels. Meanwhile, silver prices in the city stood at Rs 1,08,000 per 1kg, which was among the most expensive prices.
Gold Prices In Hyderabad:
24K gold prices: 100 grams gold price surged by Rs 5,500 to Rs 8,66,200. 10 grams gold price was up by Rs 550 to Rs 86,620, while 8 grams gold was up by Rs 440 to Rs 69,296. The cheapest 24K gold is Rs 8,662 in 1 gram, which was up by Rs 55 on February 17.
22K Gold Prices: In this carat, 100 grams gold price advanced by Rs 5,000 to Rs 7,94,000, while 10 grams gold price is higher by Rs 500 to Rs 79,400. 8-gram and 1-gram gold prices are at Rs 63,520 and Rs 7,940 on Monday, rising by Rs 400 and Rs 50 respectively.
18K Gold Prices: Under 18K, 100 grams of gold jumped by Rs 4,100 to Rs 6,49,700, while 10 grams of gold climbed by Rs 410 to Rs 64,970. 8 grams of gold is up by Rs 328 to Rs 51,976, and the cheapest 18k is Rs 6,497 in 1 gram which edged up by Rs 41.
The gold rates in Hyderabad depends on the global gold rates, which are affected by many international factors including inflation, change in global prices, central bank gold reserve, fluctuating rates of interest, jewelry markets.
Silver Prices In Hyderabad:
Silver prices remained unchanged on Monday. 1 kg silver was available at Rs 1,08,000, while 100 grams and 10 grams silver were priced at Rs 10,800 and Rs 1,080. 8-gram and 1 gram silver prices stood at Rs 864 and Rs 108 respectively.
Silver prices in the markets depends on a whole lot of factors, including inflation prospects, movement of the dollar and liquidity conditions in the globe. Also, if investors are risk averse they tend to move money from equities and other risky assets to gold and silver.
MCX Gold, Silver Prices:
MCX gold price with April 2025 expiry, traded at Rs 85,010 per 1 gram, up by Rs 323 or 0.4%. In the early trade, the bullion touched an intraday high of Rs 85,170 per 10 grams.
Furthermore, MCX silver price with March 2025 expiry, stood at Rs 95,538 per 1kg, marginally down by Rs 48 or 0.05%, at the time of writing. The silver had touched an intraday high of Rs 95,774 per 1 kg in the early trade.
On the latest MCX gold and silver performance, Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities said, the focus now shifts to upcoming US Retail Sales and Core Retail Sales data, which could influence the next move in gold. The trend remains positive, with Rs 85,750 acting as a support zone and Rs 87,000 emerging as the next resistance level."
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