Gold On Fire! Chennai & Hyderabad Prices Soar As 24K Touches Rs 10,048/G Today, 22K/100 G At Rs 9.21 Lakh

Following three consecutive sessions of stable rates, gold prices in Chennai and Hyderabad resumed their upward trajectory on Wednesday, July 30, 2025. As a result of this consistent upswing, both cities are seeing synchronized price fluctuations, which are indicative of rising investor demand for the yellow metal and broader market trends. This week's Fed rate decision and key U.S. economic data, including GDP, are anticipated to keep domestic gold prices volatile.

Gold & Silver Rates In Chennai & Hyderabad Today

In Hyderabad and Chennai, the current price of gold is Rs 9,210 per gram for 22 carat gold and Rs 10,048 per gram for 24 carat gold. In Chennai and Hyderabad, 24k for 10 grams of gold will cost Rs 1,00,480 today, up Rs 660 from yesterday's price of Rs 99,820; in both cities, 24k for 100 gms of gold will cost Rs 10,04,800, up Rs 6,600 from yesterday's price of Rs 9,98,200.

Today's price of 22 carat gold per 10 grams in Chennai and Hyderabad is Rs 92,100, up from Rs 91,500 yesterday, which is a 600-rupee rise. Meanwhile, the price of 22k of 100 grams of gold in Chennai and Hyderabad increased to Rs 9,21,000 on Wednesday from Rs 9,15,000 on Tuesday, a 6,000 rupee rise.

Since the gold prices for 22k and 24k in Chennai and Hyderabad remain identical today, the trend is different for 18k. The current price of 18 carat gold per 10 grams is Rs 75,950 in Chennai and Rs 75,360 in Hyderabad.

Silver costs Rs 127 per gram and Rs 1,27,000 per kilogram in Hyderabad and Chennai today, compared to Rs 126 and Rs 1,26,000 yesterday.

MCX Gold Outlook Today

"On the technical front, MCX Gold has seen a good correction over the last couple of sessions. However, it was up 716 points yesterday, reversing the immediate trend. MCX Gold reclaimed the 20-day EMA in yesterday's session and is now facing resistance at the 10-day EMA. The broader trend remains neutral. Currently, support is placed at 97,200-97,050, and resistance will be seen at 98,500-99,100-100,200. Traders can consider buying MCX Gold near 97,050 for targets of 98,500, 99,100, and 100,200. Any close below 96,800 will warrant a review of the current view," said Abhishek M Pelu - Research Analyst at Way2Wealth Brokers.

Gold & Silver Fundamental Outlook Today

"Gold and silver prices are trading mixed today on the international bourses. We expect precious metals prices on Indian bourses to trade range bound to slightly higher for the day; as gold prices held a small advance ahead of the Federal Reserve's interest-rate decision later Wednesday, with officials set to provide crucial clues on the monetary policy outlook," commented the research analysts of Nirmal Bang Securities.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.