Selling Pressure on Gold rates in Hyderabad appeared to ease somewhat on June 02, 2026. As market opened in the city on Tuesday, gold price for 24-carat, 22-carat and 18-carat Purity level remained Unchanged, following a Massive decline of approximately ₹14,250 over the Preceding three days. Gold price have been Witnessing Fluctuation over the past few days, as Uncertainty Currently persist regarding Ceasefire Negotiation between the United States and Iran.
Gold Rates in Hyderabad Today:
Today the rate for 22-carat gold stood at ₹14,319 per gram, ₹114,554 for 8 grams, ₹143,193 for 10 grams, and ₹1,431,925 for 100 grams.
Meanwhile, the rate for 24-carat gold remained at ₹15,621 per gram, ₹124,968 for 8 grams, ₹156,210 for 10 grams, and ₹1,562,100 for 100 grams.
Additionally, 18-carat gold prices were recorded at ₹11,716 per gram, ₹93,726 for 8 grams, ₹117,158 for 10 grams, and ₹1,171,575 for 100 grams. Prior to this, on June 01, 24-carat gold prices witnessed their sharpest decline dropping by ₹8,100 per 100 grams following a drop of ₹6,000 recorded on May 30. On May 31, 2026, gold rates had remained Unchanged. Thus, gold price in Hyderabad witnessed a Significant Cumulative decline of ₹14,200 over the Past three days.
Which factor influence gold price in India?
According to a note by analyst at Kotak Neo, Bullion price are being impacted by a strengthening U.S. dollar and a Surge in bond yield. They further noted that the Dollar has risen above the ₹95.17 level Following Iran decision to Suspend ceasefire talk with the U.S.; this has heightened geopolitical Uncertainty and fueled concern that rising oil price Could further Exacerbate inflation.
Furthermore, Expectation that the Federal Reserve might keep interest rate elevated for an extended period have also Exerted Pressure on the Bullion market. This Sentiment gained Traction after the ISM Manufacturing PMI rose to 54.0 in May 2026, Signaling Continued strength in the U.S. Economy.
Gold is Trading on a softer note today as investor keep a close Watch on development between the U.S. and Iran. Market Participants are now awaiting the JOLTS Job Opening data, Fresh comment from Fed official and Friday Non Farm Payroll report for cues Regarding future market Direction.
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