Gold Prices in Hyderabad Reach Record High, Surpass ₹88,000 Mark

Gold Prices in Hyderabad Hit Record High, Surpass ₹88,000 Amid Global Uncertainty

Hyderabad: Gold rates in Hyderabad surged by ₹390 on Thursday, reaching a new all-time high as global market uncertainty, driven by US President Donald Trump’s tariff policies, fueled demand for the yellow metal. So far in 2025, gold prices have risen by ₹10,040 per 10 grams.

Gold Prices Surge Over 12% in 2025

As of today, the price of 10 grams of 22-carat gold in Hyderabad stands at ₹80,700, while 24-carat gold has climbed to ₹88,040. This marks a sharp 12% increase compared to the beginning of the year, when 22-carat gold was priced at ₹71,500 and 24-carat gold at ₹78,000. The spike in gold rates in Hyderabad follows a nationwide trend, with cities like Mumbai, Delhi, and Bengaluru also witnessing substantial increases.

Reasons Behind the Surge

Gold's status as a safe-haven investment has driven demand amid rising geopolitical and economic uncertainty. President Trump recently announced plans to impose tariffs on automobiles, semiconductors, and pharmaceuticals "over the next month or sooner" as part of his strategy to reduce trade deficits and boost domestic manufacturing.

Additionally, the US government is set to impose a 25% tariff on all steel and aluminum imports starting March 12. Trump has reiterated that companies manufacturing outside the US will face heavy tariffs. The resulting market uncertainty has led investors to shift towards gold, further driving up its prices in Hyderabad and other cities.