Despite seasonal trends, gold demand remains strong, pushing prices sharply higher in recent weeks. Buyers in Hyderabad have been left shocked as rates climbed nearly ₹6,000 per 10 grams within a month. The steep rise has sparked concerns that gold may soon become unaffordable for ordinary people.
Between August 30 and September 6, the price of 10 grams of gold increased by ₹4,750. This relentless upward trend has created anxiety among consumers who traditionally view gold as a secure investment. However, a slight decline today brought temporary relief.
On September 8, the price of 24-carat gold in Hyderabad dropped by ₹110 per 10 grams, while 22-carat gold fell by ₹100. After the correction, 24-carat gold stood at ₹1,08,380 per 10 grams and 22-carat gold at ₹1,08,490 per 10 grams.
Silver prices also eased, dropping by ₹1,000 per kilogram, bringing the rate to ₹1,37,000. With both gold and silver showing marginal declines, buyers experienced some short-lived relief, though analysts caution that the long-term trend still points upward.
