Gold prices have skyrocketed in the country, leaving gold enthusiasts stunned. The price of 10 grams of gold has reached an all-time high of ₹80,000. Let’s take a closer look at today’s gold rates across major cities, including Hyderabad.
Gold Prices Hit Record Highs
After starting the new year on a steady note, gold prices have witnessed a sharp rise. On Thursday, January 9, 2025, the price of 10 grams of:
24-carat gold is ₹80,050
22-carat gold is ₹77,850
What’s Driving the Price Surge?
The drastic rise in gold prices is attributed to global market conditions. Key factors include:
International Market Trends:
The price of gold in the US market is trading above $2,670 per ounce, marking a significant increase.
US Economic Concerns:
Unexpectedly weak economic data from the US has shaken investor confidence.
The looming shadow of a potential financial crisis is further fueling uncertainty.
These factors are prompting investors to shift their assets toward gold, traditionally considered a “safe haven.” This surge in demand has caused a massive spike in gold prices globally, impacting rates in India as well.
City-Wise Gold Rates
Gold prices vary slightly across major Indian cities. Here’s an overview:
Hyderabad: ₹80,050 (24-carat), ₹77,850 (22-carat)
Delhi: ₹80,100 (24-carat), ₹77,900 (22-carat)
Mumbai: ₹80,050 (24-carat), ₹77,850 (22-carat)
Stay updated with the latest trends and gold rates to make informed investment decisions.
