Hyderabad Gold Prices On Fire, April 10: Massive Spike in 22K, 24K, 18K Gold Rates; Silver Follows

On Thursday morning, the gold price in Hyderabad surged for the second time in a row, and investors rejoiced. Gold rates today are shining once again, with a huge spike coming against the backdrop of escalating geopolitical trade tension between the US and China, particularly after the US and China slapped back-to-back tariffs on each other.

The 24-carat gold rate in Hyderabad surged by Rs. 2940 per 10 grams, now priced at Rs. 93,380. Similarly, the 22-carat gold rate rose by Rs. 2700 per 10 grams, to retail at Rs. The 18-carat gold price in Hyderabad also saw a similar rise, increasing by Rs. 2210 per 10 grams to cost Rs. 70,040.

For larger quantities, the price surge was even higher. 100 grams of 24-carat gold saw a jump of Rs. 29,400, now priced at Rs. 9,38,000, while 100 grams of 22-carat gold increased by Rs. 27,400, now retailing at Rs. 85,600.

Sharp Rally In The Gold Market

Gold prices in Hyderabad have surged over the last two trading sessions, posting gains of up to 4%. After a week of fall observed, gold prices regained strength, reaching their highest levels in a month. This increase in gold rates in Hyderabad is mainly because of the ongoing trade war and the rising domestic demand, which has given gold prices a significant boost.

ICICI Direct in its bullion report said that "Gold is expected to hold the support near $2950 per ounce and regain its strength amid heightened trade war concerns. Escalating trade tension between the US and China would increase safe-haven appeal. Furthermore, growing fear of recession and strong inflows in the physically backed gold ETFs would provide support to bullion prices. Gold prices will also benefit from increasing volatility in trade and geopolitical risk. Meanwhile, long liquidation due to risk-off sentiments could check the upside in the yellow metal."

As per goldprice.org, the spot gold price on 10th April at 13:00 IST traded at USD 3110.49 PER OUNCE, rising 0.91%, while spot silver also jumped 1.29% to trade at USD 30.98, mirroring the gold movement.

Silver Prices in Hyderabad Today

Silver prices in Hyderabad today Have registered massive gains after a drop seen yesterday. Currently, 1 kg of silver costs around Rs. 1,04,000 after jumping Rs. 2000 per kilogramme. Similarly, the price for 100 grams of silver was spiked by Rs. 200 to cost Rs. 10,400 on April 10th.

Gold And Silver Future Prices On MCX

On the Multi Commodity Exchange (MCX), the gold futures for June 5th, 2025, delivery slipped slightly by 0.09%, at Rs. 89,724 per 10 grams. On the contrary, silver futures for the May 5th, 2025, expiry extended gains of 3.22%, trading at Rs. 91,600 at the time of writing.

Market Experts Predict Continued Rise in Gold Prices: Outlook

"Gold prices held around $2,980 an ounce on Tuesday, as rising Treasury yields and trade war concerns weighed on sentiment. The U.S. confirmed tariffs up to 104% on Chinese imports, while optimism over potential trade deals briefly lifted markets. Despite this, safe-haven demand and expectations of lower interest rates still supported gold. Technically, gold has broken its upward momentum. On the daily chart, it has made a lower low and failed in attempting to reclaim its 20 SMA band support. It is facing resistance at the 10 and 20 EMA. Traders are advised to lighten their positions until there is any sign of strength on the daily chart. It has resistance at 88444 and support at 86700." Way to Wealth Brokers Pvt Ltd stated

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