Gold Prices in Hyderabad Soar to Record Highs Again as Market Turmoil Continues
Hyderabad's gold prices hit record highs, influenced by uncertainty in the markets and US tariff concerns.
Gold Prices in Hyderabad Soar to Record Highs Again as Market Turmoil Continues
Gold prices in Hyderabad on Friday again set all-time high levels of Rs 83,100 and Rs 90,660 for 10 grams of 22-carat and 24-carat yellow metal, respectively, which were registered on March 20.
Gold rates were increased by Rs. 1050 for the 22-carat gold and Rs. 1140 for the 24-carat gold, to establish a new high on account of wavering sentiments regarding President Donald Trump's tariff policies.
This year so far has witnessed the yellow metal making gains of Rs 12,980 per 10 grams.
The prices of gold in Hyderabad have already risen at a rate of 16 percent in 2025.
While 22-carat gold was priced at Rs 83,400 for 10 gm in Hyderabad today, the 24-carat category was soaring to Rs 90,980.
This indicates an over sixteen percent surging as against beginning of this year when the price of gold in 22 carats was pegged at Rs. 71500, whereas the price for 24- carat gold was Rs. 78000.
The unforeseen rise in Hyderabad's gold prices is part of a wider trend, with high prices being quoted in other major metropolises similar as Mumbai, Delhi, and Bengaluru.
Reasons for Surge
The soaring demand for gold as safe haven has been propelled to further increase its rates in Hyderabad and across cities following the new threats of tariffs from US President Trump along with growing geopolitical uncertainties.
In fact, very recently, Trump imposed tariffs of up to 25 percent, in heavy-duty application, on imported automobiles and parts, quite recently making it known that this reciprocal tariff system, commencing on April 2, will be lenient.
Starting from April 2, the new tariff shall be made effective as a unilateral tariff measure; April 2 is referred to as the “Liberation Day,” according to Trump, when the reciprocal tariff system will begin.
The new tariff will be imposed on all vehicles including cars and trucks manufactured outside and imported to the US, which represents about half of all automobiles sold in the US market.
Because of the uncertainties over the trade policies of the government, people are diverting funds to gold, which is raising demand and prices in these cities.
