Hyderabad & Chennai Gold Rates Hit Record High Today: 22K At Rs 9,380, 24K At Rs 10,233; Silver Rally Too

Due to robust international signals and ongoing investor demand, gold prices today reached all-time highs in Hyderabad and Chennai. 24-karat gold reached its highest level of 2025 thus far in both cities, rising to Rs 10,233 per gram. Amid growing geopolitical tension in the Middle East and uncertainty surrounding U.S. trade policy, the weak dollar and falling U.S. Treasury rates further drove the bullion market to its present position ahead of the August 1 deadline.

Gold & Silver Prices In Hyderabad & Chennai Today

Gold in Hyderabad continues to rise as a result of encouraging buying demand. The price of 24-carat gold has risen by Rs 104 from yesterday to a record high of Rs 10,233 per gram. The price of 22 carat is Rs 9,380 per gram, which is Rs 95 higher than it was yesterday, and 18 carat is Rs 7,675 per gram, which is Rs 78 higher than it was yesterday.

Gold prices in Chennai are also rising in line with this trend. 18-karat gold is now trading at Rs 7,730 per gram, up Rs 80 from Tuesday, while 24-karat gold is now trading at Rs 10,233 per gram, while 22-karat is at Rs 9,380.

On Wednesday, silver costs Rs 129 per gram and Rs 1,29,000 per kilogram in Hyderabad and Chennai, respectively, as opposed to Rs 128 and Rs 1,28,000 on Tuesday.

MCX Gold Outlook Today

"On the technical front, MCX Gold was very strong in yesterday's trading session. It has formed a bullish candlestick pattern in two consecutive sessions, which is quite positive. Prices are trading above the 10- and 20-day EMAs, and the RSI is above 50, indicating strong underlying momentum. Immediate support is placed at 99,100 levels, while resistance is seen at 101,078. If MCX Gold retraces near 99,100, traders can consider buying for a target of 100,410, which corresponds to yesterday's high," commented Abhishek M Pelu - Research Analyst at Way2Wealth Brokers.

Gold & Silver Price Outlook Today

"Gold and silver prices are trading mix today on the international bourses. We expect precious metals prices on Indian bourses to trade range bound to higher for the day; as gold prices held a three-day advance, as US President Donald Trump announced a highly-anticipated trade deal with Japan, signaling progress on fraught talks ahead of his Aug. 1 tariff deadline," commented the research analysts of Nirmal Bang Securities.

Spot Gold Outlook

"Spot Gold is likely to rise further towards $3420 level on weak dollar and softening of U.S treasury yields. Further, demand for safe haven may increase on escalating geopolitical tension in Middle East and uncertainty over U.S trade policies ahead of deadline of 1st August were most of the countries who failed to make trade deals with Washington will face more tariffs," the technical research analysts of ICICI Direct said.

"Moreover, investors fear that tit for tat approach increased the risk of broader global trade war, which may have adverse effect on economic growth. EU is already exploring broader set of possible counter measures against U.S as prospect of trade agreement is fading. Meanwhile, investors will keep an eye on Fed Chair Powell speech to get some cues on interest rate trajectory," they further added.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.