Gold Prices in Hyderabad Go Over ₹1 Lakh, Close to Record High
Hyderabad, 22 July – (www.deccanlive.com): On Tuesday, July 22, gold prices in Hyderabad increased again and came close to breaking their all-time record.
The price of 10 grams of 24-carat gold reached ₹1,01,290.
Why Did the Price Go Up?
Experts say the rise is because more people are buying gold now.
Also, global issues like the US trade policies and a weaker US dollar are making gold more expensive.
Traders are watching the US economy and trade news closely, which is also causing uncertainty.
On Tuesday:
22-carat gold was priced at ₹92,850
24-carat gold was priced at ₹1,01,290
At the start of the year, gold was much cheaper:
22-carat gold was ₹71,500
24-carat gold was ₹78,000
This means prices have increased by more than 29% since January.
Gold prices are rising not just in Hyderabad, but in other cities like Mumbai, Delhi, and Bengaluru too.
What Will Happen Next?
The future price of gold will depend on:
US interest rates
Trade rules and tariffs
World issues, especially in the Middle East
