Hyderabad: Gold price in India continued its upward rally this week, reflecting global demand and strong investor interest. According to the India Bullion and Jewellers Association (IBJA), gold stood at ₹1,06,338 per 10 grams on September 6, marking a weekly gain of ₹3,950. Silver also strengthened, climbing by ₹5,598 to ₹1,23,170 per kg.
In Hyderabad, the gold price followed the national trend. Local jewellers quoted 24-carat gold at ₹1,07,630 per 10 grams, while 22-carat gold traded at ₹98,660. Silver was also in high demand, keeping pace with global price movements.
Gold price rise signals investor confidence amid global uncertainties
Year-on-year data shows a sharp increase. Gold has risen by ₹30,176, or 40%, since December 31, 2024, when it traded at ₹76,162. Silver posted an even stronger jump of ₹37,153, or 43%, from ₹86,017 to ₹1,23,170.
Analysts link the surge in gold to global economic uncertainty and inflation fears. Investors have turned to gold as a safe-haven asset, while strong buying by central banks has added further momentum. Currency weakness in several economies has also pushed demand higher.
In addition, festive and wedding demand in India is expected to keep gold price firm in the coming weeks. However, experts caution that sharp corrections may occur if major economies shift monetary policies or strengthen their currencies.
Overall, the current gold price trend highlights investor confidence in precious metals as a hedge against uncertainty, with Hyderabad and other Indian markets reflecting the global momentum.
