Hyderabad: After a brief period of relief, gold and silver prices in India have once again witnessed a significant surge. The rebound comes after a steady decline observed in recent weeks, mainly influenced by international geopolitical tensions, particularly the Iran-Israel conflict, which had initially driven prices up and then slightly down.
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Gold Price Hike: Over ₹1,100 Surge in 24K Gold
As per the latest updates from multiple pricing portals on July 1, 2025 (Tuesday morning), gold prices have sharply risen. The price of 24-carat gold has increased by ₹1,140 per 10 grams, while 22-carat gold is up by ₹1,050 per 10 grams.
Current National Average Rates:
- 24 Carat Gold: ₹98,400 per 10 grams
- 22 Carat Gold: ₹90,200 per 10 grams
Silver Prices Also Climb Sharply
Silver prices have also seen a steep rise, with an increase of ₹2,300 per kilogram. The current silver price stands at ₹1,10,000 per kg on average across the country.
City-Wise Gold and Silver Prices on July 1, 2025
Here is a look at the latest gold and silver rates in Hyderabad, Vijayawada, and other major Indian cities:
🔸 Hyderabad:
- 24K Gold: ₹98,400 per 10 grams
- 22K Gold: ₹90,200 per 10 grams
- Silver: ₹1,20,000 per kg
🔸 Vijayawada & Visakhapatnam:
- 24K Gold: ₹98,400
- 22K Gold: ₹90,200
- Silver: ₹1,20,000 per kg
🔸 Delhi:
- 24K Gold: ₹98,550
- 22K Gold: ₹90,350
- Silver: ₹1,10,000 per kg
🔸 Mumbai:
- 24K Gold: ₹98,400
- 22K Gold: ₹90,200
- Silver: ₹1,10,000 per kg
🔸 Chennai:
- 24K Gold: ₹98,400
- 22K Gold: ₹90,200
- Silver: ₹1,20,000 per kg
🔸 Bengaluru:
- 24K Gold: ₹98,400
- 22K Gold: ₹90,200
- Silver: ₹1,10,000 per kg
What’s Driving the Gold Price Increase?
The surge in gold prices in India is being linked to various global factors, including:
- Easing of Middle East tensions (notably Iran-Israel)
- International gold demand and dollar fluctuations
- Anticipated rate cuts by the US Federal Reserve
Despite earlier corrections, the upward trend suggests growing investor interest in safe-haven assets like gold and silver amid market uncertainty.
Final Thoughts
With gold nearing ₹1 lakh per 10 grams, consumers and investors are keeping a close watch on price trends. Those planning to buy jewelry or invest in precious metals should stay updated with daily gold and silver rates to make informed decisions.