Gold prices in Hyderabad increased on Wednesday, May 20, amid continued volatility in global bullion markets, rising crude oil prices and geopolitical tensions linked to the ongoing Iran conflict.
According to the latest rates, 24 karat gold in Hyderabad was priced at Rs 15,835 per gram, while 22 karat gold stood at Rs 14,515 per gram. The 18 karat gold rate in Hyderabad was recorded at Rs 11,876 per gram.
Domestic gold prices moved higher despite weakness in international gold futures during early European trading hours. Analysts said rising US Treasury yields and a stronger dollar have weighed on global bullion prices, while inflation concerns driven by elevated energy prices continue to support safe haven demand.
Market participants are also closely tracking the US Federal Reserve meeting minutes scheduled later on Wednesday for further indications on interest rate policy and monetary outlook.
Gold rate today in Hyderabad
| Gold Type | Price Today |
|---|---|
| 24K Gold per gram | Rs 15,835 |
| 22K Gold per gram | Rs 14,515 |
| 18K Gold per gram | Rs 11,876 |
22K gold price in Hyderabad today
| Quantity | Today Price |
|---|---|
| 1 gram | Rs 14,515 |
| 8 gram | Rs 1,16,120 |
| 10 gram | Rs 1,45,150 |
| 100 gram | Rs 14,51,500 |
Why gold prices are changing today
Gold prices remain sensitive to developments in global crude oil markets, US bond yields, inflation trends and geopolitical uncertainty.
Persistent tensions in West Asia have increased concerns over energy supply disruptions and inflation, while rising Treasury yields continue to impact investor positioning across bullion markets.
Analysts expect gold prices to remain volatile in the near term as traders react to Federal Reserve commentary, crude oil price movement and geopolitical developments.
Disclaimer: Gold prices mentioned above are indicative and may vary across jewellers due to local taxes, making charges and transportation costs.