The price of gold is different across cities and states within the country. Forbes Advisor has put together the gold price of one and 10 grams of 24-Carat and 22-Carat pure gold in Hyderabad today, as of 9:33 am.

24 Carat Gold Price In Hyderabad Today

22 Carat Gold Price In Hyderabad Today

Related: Today’s gold price in 10 cities of India.

Where to Buy Gold in Hyderabad?

Physical gold and gold saving schemes

Dealers of gold in Hyderabad sell physical gold. They offer gold saving schemes to individuals upon agreeing to deposit a certain amount every month for a specific tenure. Jewelers usually pay the last installment on the borrower’s behalf.

Sovereign gold bonds

RBI issues gold bonds via banks on behalf of the Government of India, with the value of 1 bond equal to 1 gram of gold. RBI notifies the terms and conditions, calendar for subscription, its rate from. An individual can subscribe to a minimum of 1 gram of gold up to a maximum of 4 kgs.

Digital gold

The method of buying gold digitally involves investing in small fractions. The various forms of investing in digital gold include buying:

• Gold exchange traded funds (ETFs): Stock exchanges offer gold ETFs, which is like investing in a stock market and value based on gold prices and gold bullion. One gold ETF unit is equal to 1 gram of gold and is backed by pure physical gold.

• Gold accumulation plan: Mobile wallets and under the Gold Rush plan of Stock Holding Corporation of India offer individuals to buy digital gold upon certain investments and safely accumulate gold. 

Related: Alternative ways to invest in gold.

Where to Sell Gold in Hyderabad?

Retailers and dealers buy jewels from individuals upon presenting the bill of purchase which also has information such as gold’s weight, as well as place and date of purchase, and its value at the time of purchase.

Gold loan: Financial institutions offer individuals to obtain a secured loan against gold as a collateral upon EMI plus interest. The interest rates on gold loans vary among banks on the basis of factors like weight of the jewelry, value (ranging from 18K to 24K), repayment period, to name a few..