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Gold has an everlasting shine, both as a valuable and as a steady asset. It is a metal that is often the first choice for adornment. In the state of Telangana, gold has been a typical manifestation of status, and people here love this precious metal, be it gold coins or bricks. Nonetheless, the present gold rate in Telangana is calculated considering a number of factors.

Gold Price Per Gram in Telangana

Scroll down to see today’s  gold prices in Telangana for various weights. 

Gram

24 Carat Gold Rate Today

24 Carat Gold Rate Yesterday

Daily Price Change

1 Gram

₹7,265

₹7,216

₹49

10 Gram

₹72,650

₹72,160

₹490

100 Gram

₹7,26,500 

₹7,21,600 

₹4,900

22 & 24 Carat Gold Rate in Telangana for Last 10 Days

Scroll down to see today’s gold prices in Telangana for various weights.

Date

STANDARD GOLD 22K

PURE GOLD 24K

1 Gram

10 Gram

1 Gram

10 Gram

Apr 24, 2024

₹6,660.00

₹66,600.00

₹7,265.00

₹72,650.00

Apr 23, 2024

₹6,615.00

₹66,150.00

₹7,216.00

₹72,160.00

Apr 22, 2024

₹6,755.00

₹67,550.00

₹7,369.00

₹73,690.00

Apr 21, 2024

₹6,808.00

₹68,080.00

₹7,424.00

₹74,240.00

Apr 20, 2024

₹6,808.00

₹68,080.00

₹7,424.00

₹74,240.00

Apr 19, 2024

₹6,815.00

₹68,150.00

₹7,434.00

₹74,340.00

Apr 18, 2024

₹6,765.00

₹67,650.00

₹7,380.00

₹73,800.00

Apr 17, 2024

₹6,795.00

₹67,950.00

₹7,413.00

₹74,130.00

Apr 16, 2024

₹6,795.00

₹67,950.00

₹7,413.00

₹74,130.00

Apr 15, 2024

₹6,705.00

₹67,050.00

₹7,315.00

₹73,150.00

Gold Rate Calculator

The gold rate calculator is a tool that calculates the current value of gold based on its weight and the current market price. 

 

You can use the gold rate calculator, by inputting the weight of your gold in grams. The calculator will then give you an estimate of its worth in the current market. The value is an estimate based on the current gold price, which can fluctuate daily based on a variety of economic and market factors. 

Gold Investment in Telangana

Since the last few years, the gold price in Telangana has witnessed upward fluctuations. Today, the gold rate in Telangana state, although considered seriously before buying gold, is accepted by the people. Most people buy gold for the purpose of ornamentation rather than for investment, although gold purchase for investment has remained a stable trend. As such, the people of this state know all about gold today. 

 

Gold rate in Telangana, is a common subject amongst its citizens as they love to buy gold on auspicious occasions like Akshaya Tritya and Diwali. Marriages in Telangana, be it Hyderabad or any other city, are celebrated in a showy way with gold as the centre of attention.

Points to Remember When Buying Gold in Telangana

The gold price today in Telangana is not the only thing to be considered while buying gold in this state. Although it's a factor that can make or break a sale, here are a few other key things to be considered before you own the metal:

1. Standards of Purity

You must make it a point to ensure the purity of gold. You can either look for a hallmark by BIS on the metal or have your jeweller assess purity by placing gold articles through a machine.

 2. Certified Metal

To ensure purity, these days, you should insist on a gold certificate for the gold you choose. This authenticates your purchase.

 3. Making Charges

It is necessary to know the charges for making gold jewellery before you buy it. There is no regulation governing these costs, and sellers can hike these prices.

4. Mandatory Invoices

One of the details that an invoice will include is the gold price in Telangana. You must request for an invoice as this provides relevant information about your purchase, including the purity, weight, details of the seller, etc. This must be kept safely with you in the event you wish to sell your jewellery in the future. It's also vital that you keep this for tax purposes.

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Factors that Affect Gold Prices in Telangana

Price fluctuations in gold are largely due to supply and demand variables, although several other factors are also at play. While simple supply and demand dictate whether gold prices soar or not, the following also influence the gold price today in Telangana:

1. Domestic Supply and Demand

Gold is a covetable commodity in Telangana and is in demand even in normal times when no festivities exist. Hence, there is a constant demand for the metal as people view it as a safe and easily liquefiable source of investment. More than paper, physical gold takes precedence in demand in Telangana, both as an asset and as a culturally significant item. The high demand always ensures that gold is highly-priced and prized here.

2. Rates of Bank Interest

As Indians we are always seeking ways to diversify our financial portfolios, and a popular way to invest is to save money in fixed deposits. When fixed deposit interest rates fall, they no longer seem to be an appealing way to invest funds, and investors search for new channels. Here’s where gold hits the spot, and the demand for gold goes up, elevating its value.

3. Inflation Within India

In spite of the gold rate fluctuations in Telangana from time to time, gold is a more dependable asset than most others. Consequently, when India is hit hard by inflation, gold represents a hedge against it. At times of economic uncertainty, people turn to gold as a safety measure and buy even more of it. Thus, the demand surges, and prices may do so too.

4. Government Policies

Government policies may affect gold prices when new tariffs on the metal are introduced. Indirectly, the government may hoard its gold reserves during an economic downturn, not making them available to markets. This leads to a short supply and heavy demand. Gold prices may increase at such times.

5. Global Variables

Taxes are imposed by international bodies that export gold to India. These affect gold rates within the country.

How is the Purity of Gold Evaluated in Telangana

In Telangana, the purity of gold is typically evaluated through a process called hallmarking. Hallmarking is a legal certification process to verify the purity of precious metals such as gold. 

The hallmark is an official stamp or mark that is applied to the gold by an authorised hallmarking centre. This hallmark certifies the gold's fineness, or purity, and contains information such as the weight and metal type.

 

Hallmarking in Telangana is carried out by the Bureau of Indian Standards (BIS), which is the national standards organisation of India. BIS operates a network of hallmarking centres across the country, including in Telangana, where gold items can be tested and certified. 

 

To get a hallmark, the gold item is weighed and tested for purity using various methods such as X-ray fluorescence or acid testing. If the gold meets the required standards, it receives a BIS hallmark, which provides assurance to the buyer that the gold is of a certain fineness and weight.

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GST Impact on Gold Rate in Telangana

Ultimately, the gold rate in Telangana, the cost at which you purchase gold, constitutes a number of charges over the value of the actual gold. These extra charges are fees for making, taxes, and other tariffs. One of the taxes that you should have some knowledge of is the Goods and Services Tax on gold. This indirect tax, levied by the Indian government, is charged at 3% of the gold’s value. Above this, there is a 5% GST charge on the cost of making jewellery.

 

 The making charges have no cap on it, and jewellers can charge what they please. This may raise the cost of purchases significantly.

FAQs on Gold Rate in Telangana

What are the things to keep in mind while buying gold in Telangana?

Apart from the gold rate in Telangana, you must take note of certain aspects while shopping for gold. For instance, be sure to look for hallmark gold (a stamp on gold articles) representing gold purity. Furthermore, consider the charges for making gold ornaments in Telangana, as these can be quite high.

Where should one buy gold in Telangana?

When you set out to buy gold in Telangana, either in a major city like Hyderabad, or any other city in the state. It is recommended that you make your purchases at established and official sellers. In Telangana, you may find small-scale shops, but you have to make sure they sell authentic gold for the price you pay. Hyderabad is a frequently visited city for buying gold and pearls, and large shops like Sri Ganesh Jewellers and Mangaldeep Jewellers are traditional retailers.

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