Gold prices in Hyderabad surged sharply on May 13, 2026, delivering what is arguably the most symbolically loaded gold price story in any Indian city this week. It was here — at a public gathering in Secunderabad on May 10 — that Prime Minister Modi made his landmark appeal urging Indians to avoid buying gold for weddings for a year. Three days later, gold in the same city costs ₹1,391 more per gram than it did when he made that appeal.
24 carat gold in Hyderabad stands at ₹16,789 per gram, up ₹1,391 from yesterday’s ₹15,398. 22 carat gold is at ₹15,390 per gram, up ₹1,275 from ₹14,115. 18 carat gold stands at ₹12,592 per gram, up ₹1,043 from ₹11,549.
For Hyderabad consumers, 10 grams of 24 carat gold now costs ₹1,67,890 against ₹1,53,980 yesterday — an overnight increase of ₹13,910 driven entirely by the government’s decision late on May 12 to hike gold and silver import duty from 6% to 15%. The duty hike — a 10% basic customs duty plus 5% Agriculture Infrastructure and Development Cess — is the hardest policy action following the PM’s voluntary appeal, creating a dual demand suppression mechanism.
The irony is acute. PM Modi asked people to stop buying gold to protect foreign exchange reserves. The duty hike designed to enforce that goal has simultaneously made gold more expensive — potentially accelerating front-loading purchases before the market fully adjusts.
Hyderabad’s rates match Mumbai, Kolkata, Bengaluru, Kerala, and Pune on all three caratages.
Rates are indicative and exclude GST, TCS, and other levies. Contact your local jeweller for exact rates.