Hyderabad gold prices rise; silver stays firm
HYDERABAD: Gold prices are expected to remain firm in the coming months amid sustained demand, while silver has been showing sharper gains than gold in recent days.
Market watchers said gold and silver have steadily moved out of reach for several income groups due to rising prices. Even among sections that can afford them, buying interest has softened as prices test new highs.
Demand remains steady across generations
Gold and silver continue to enjoy long-term demand, irrespective of changing generations. Interest in gold spans age groups, from elderly buyers to young professionals, while silver too has retained its appeal. Rising interest among men in gold and silver jewellery has also added to demand, traders said.
Investment preference unchanged
Investors continue to prefer gold and silver as safe-haven assets, citing capital protection during volatile market conditions. This sustained investment demand is seen as a key factor supporting prices.
Today’s rates in Hyderabad
According to prices recorded at 6 am in the Hyderabad bullion market, gold edged up slightly, while silver remained stable.
The price of 22-carat gold stood at ₹1,31,790 per 10 grams, while 24-carat gold was priced at ₹1,43,770 per 10 grams. Silver was trading at ₹3,09,900 per kg.
Traders said prices of gold and silver could see some movement by the afternoon session.
