Gold Rates Today (April 30) Jump In Hyderabad: But Gold Rates In Chennai Flat; Check 24K, 22K, 18K Gold Prices

Gold rates in India surged up to Rs 2,200 on April 30. In majority cities, 24 carat gold is up by Rs 220 in 10 grams and higher by Rs 2,200 in 100 grams. However, gold rates in Chennai are unchanged. Despite this, the gold rate in Chennai is above the Rs 1.51 lakh mark, unlike gold in Hyderabad, which is around Rs 1,50,600. On Thursday, the broader sentiment in gold prices was cautious after the US Federal Reserve decided to keep rates unchanged for the fifth time in a row, but saw its highest dissent in FOMC members since 1992. Meanwhile, Middle East conditions continue to be fragile.

Gold Rates In India:

Gold prices across the country is impacted due to surge in crude oil prices, strengthening of dollar, hostility at Strait of Hormuz, uncertainty in Middle East conflict, heightened energy crisis and inflationary pressure.

President Donald Trump said the US would keep its naval blockade on Iran in place until it agrees to a nuclear deal, while Tehran accused Trump of attempting to force the country into submission through economic pressure and internal divisions. The prolonged Middle East conflict and the near-shutdown of the Strait of Hormuz unsettled global markets, prompting traders to scale back bets on rate cuts this year and instead begin pricing in the possibility of a hike by 2027, as per Trading Economics.

Meanwhile, US Fed kept key interest rates unchanged for the fifth consecutive policy in a row at 3.5% to 3.75%. However, in the April 29th meeting, the FOMC committee's split in opinion reached an 8-4 vote, the highest level of dissent since 1992.

As per Kedia Advisory, gold's movement reflects pressure from persistent inflation concerns and expectations of prolonged higher interest rates. Escalating geopolitical tensions in the Middle East, particularly involving U.S.-Iran developments, added uncertainty, but failed to support bullion as monetary tightening expectations dominated sentiment.

Gold Rates In Chennai:

Either be 24 carat, 22 carat or 18 carat, gold rates are unchanged in Chennai on April 30 but still remain expensive.

On April 30, 24 carat gold rate stood at Rs 1,51,640 per 10 grams, at Rs 15,16,400 per 100 grams, at Rs 1,21,312 per 8 grams, and at Rs 15,164 per 1 gram.

Meanwhile, 22 carat gold price stood at Rs 1,39,000 per 10 grams, at Rs 13,90,000 per 100 grams, at Rs 1,11,200 per 8 grams and at Rs 13,900 per 1 gram.

Additionally, the 18 carat gold price is at Rs 1,15,750 per 10 grams, at Rs 11,57,500 per 100 grams, at Rs 92,600 per 8 grams and at Rs 11,575 per 1 gram.

Gold Rates In Hyderabad:

On the other hand, 24 carat gold price rallied by Rs 220 to Rs 1,50,660 per 10 grams, and is higher by Rs 2,200 to Rs 15,06,600 per 100 grams. Gold here is up by Rs 176 to Rs 1,20,528 per 8 grams and up by Rs 22 to Rs 15,066 per 1 gram.

Meanwhile, 22 carat gold price jumped by Rs 2,000 in 100 grams to Rs 13,81,000, and was higher by Rs 200 to Rs 1,38,100 per 10 grams. Also, 8 grams gold is up by Rs 160 to Rs 1,10,480 and 1 gram gold inched up by Rs 20 to Rs 13,810.

Moreover, 18 carat gold price rose by Rs 160 in 10 grams to Rs 1,12,990 and climbed by Rs 1,600 to Rs 11,29,900 per 100 grams. Also, 8 grams gold surged by Rs 128 to Rs 90,392 and 1 gram gold edged higher by Rs 16 to Rs 11,299.

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