Crash In Gold Rates Of Hyderabad Continues For 2nd Day, Eye-Popping Decline Of Rs 75,500; 24K, 22K, 18K Gold

Gold rates in India continued to crash for the second day in a row on June 11. However, the gold price in Hyderabad witnessed an eye-popping decline of Rs 75,200 per 100 grams in 24 carat, while 10 grams of gold plunged by RS 7,520 from Wednesday to Thursday.

The reason is the firmer dollar, which is near a two-month high as interest rate hike trajectories deepened from central banks later in 2026 due to inflationary pressures and the energy crisis. Gold could have glittered in the hostilities between the US-Israel versus Iran, but safe haven pulled back because of the US dollar.

When central banks hike rates, the dollar becomes more attractive to hedge returns. When the dollar rises, the demand for safe haven gets lukewarm to lessen. And this is exactly what has happened.

"Unless there is a meaningful shift in geopolitical developments or a change in the interest rate outlook, gold may continue to face pressure, with market participants closely monitoring US inflation data and central bank policy expectations for the next directional move," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

Gold Rates In Hyderabad Today:

24 carat gold plunged by Rs 21,300 to Rs 14,56,400 per 100 grams, while 10 grams gold is crushed by Rs 2,130 to Rs 1,45,640. In case of 22 carat, 100 grams gold plummeted by Rs 19,500 to Rs 13.35 lakh and 10 grams gold slipped by Rs 1,950 to Rs 1,33,500. Furthermore, under 18 carat, 10 grams gold dipped by Rs 1,600 to Rs 1,09,230 and 100 grams gold declined by Rs 16,000 to Rs 10,92,300.

Gram	24K Gold Price	22K Gold Price	18K Gold Price
1 g	₹14,564 (↓ ₹213)	₹13,350 (↓ ₹195)	₹10,923 (↓ ₹160)
8 g	₹1,16,512 (↓ ₹1,704)	₹1,06,800 (↓ ₹1,560)	₹87,384 (↓ ₹1,280)
10 g	₹1,45,640 (↓ ₹2,130)	₹1,33,500 (↓ ₹1,950)	₹1,09,230 (↓ ₹1,600)
100 g	₹14,56,400 (↓ ₹21,300)	₹13,35,000 (↓ ₹19,500)	₹10,92,300 (↓ ₹16,000)

Yesterday, 24 carat gold price nosedived by Rs 53,900 in 100 grams and down by Rs 5,390 in 10 grams. That being said, from June 10th to June 11th, gold price has fallen by Rs 75,200 in 100 grams and by RS 7,520 in 10 grams.

The decline has escalated to nearly 7% in June so far.