Gold Rate In Hyderabad Nears Rs 1.49 Lakh/ 10 Grams Today; 24K, 22K, 18K Gold Prices Rise By Rs 22,100-29,400

Gold rates in Hyderabad rose sharply on June 12th, in the range of Rs 22,000 to Rs 29,500 across 24 carat, 22 carat and 18 carat. This is due to broad-based buying sentiment as optimism for a peace deal between US and Iran heightened. Overall, gold prices rallied across cities in India.

In Hyderabad, gold witnessed an upside after two consecutive days decline. 24 carat gold in the city had plunged by Rs 21,300 in 100 grams on June 11th, following the biggest crash of the month by Rs 53,900 on June 10th.

Gold Rates In Hyderabad Today:

24 carat gold price skyrocketed by Rs 29,400 to Rs 14,85,800 per 100 grams, while 10 grams gold jumped by Rs 2,940 to Rs 1,48,580. Also, 8 grams gold climbed by Rs 27,000 to Rs 13.62 lakh per 100 grams and surged by Rs 2,700 to Rs 1,36,200 per 10 grams. Under 18 carat, gold rate soared by Rs 22,100 in 100 grams to Rs 11,14,400 and advanced by Rs 2,210 to Rs 1,11,440 per 10 grams.

Additionally, the 8 grams gold price rose by Rs 2,352 to Rs 1,18,864 in 24 carat, surged by Rs 2,160 to Rs 1,08,960 in 22 carat and zoomed by Rs 1,768 to Rs 89,152 in 18 carat.

1 gram gold rose by Rs 221 to Rs 294. At present, this gold stood at Rs 14,858 in 24 carat, at Rs 13,620 in 22 carat and at Rs 11,144 in 18 carat.

What Is Impacting Gold Prices Today In India?

Gold prices in India tracked the upside trend in international market.

As per Kotak Neo report, spot gold and silver rebounded sharply from multi-month lows in the previous session, gaining over 3% to settle at $4,212/oz and
6% to $67.3/oz, respectively, after President Trump canceled planned military strikes on Iran, easing geopolitical tensions. A weaker U.S. dollar, which retreated from a two-month high of 100.3 to 99.6, also supported bullion prices.

On the economic front, U.S. headline PPI rose 6.5% y/y in May, above the 6.4% forecast, while core PPI eased to 4.9% y/y against expectations of 5.4%. Initial jobless claims climbed to 229K, signaling some labor market softness. Despite mixed data, markets continue to price a 60% chance of a Fed rate hike in December 2026.

Today, the Kotak's note added tha tgold steady near $4,200 amid inflation concerns and tightening policy expectations and the ECB's rate hike, though a softer dollar and lingering geopolitical risks may limit downside ahead of the University of Michigan Consumer Sentiment and Inflation expectations.