You've probably noticed it. Everyone at the Irani chai shops in Abids or the busy lanes of Panjagutta is talking about the same thing today. Gold.
Honestly, the hyderabad gold rate today is doing something kinda weird. After weeks of climbing up like a trekker on the Banjara Hills slopes, we’re seeing a bit of a breather. If you were planning to buy that heavy vaddanam or a simple pair of buttalu for a February wedding, you might want to look at the screen right now.
As of Friday, January 16, 2026, the price of 24K gold (99.9% purity) in Hyderabad is sitting at ₹14,376 per gram. That brings the 10-gram price to ₹1,43,760.
For most of us looking at jewelry, 22K gold is the real number that matters. Today, that's priced at ₹13,179 per gram, or ₹1,31,790 for 10 grams.
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It’s actually down about ₹40 per gram from yesterday. Not a massive crash, but in a market where we’ve seen a 6% surge just since New Year’s Day, a red candle on the chart feels like a small win for the common buyer.
The "January Fever" in Hyderabad's Gold Market
Why is this happening? Basically, we’re in the middle of a tug-of-war.
On one side, you've got global chaos. The news coming out of the US regarding trade tariffs and tensions in the Middle East has everyone spooked. When people get scared, they buy gold. It’s the ultimate "safe haven."
On the other side, the prices hit such a record high on January 14—Makar Sankranti—that the market just got exhausted. Investors started selling to lock in their profits. That’s why we’re seeing this "second day of decline" today.
What 10 Grams Will Cost You Today (Jan 16)
Buying gold in Hyderabad isn't just about the "board rate." You’ve got to factor in the extras. Here is how the math roughly looks today across the city’s top showrooms like Tanishq, Joyalukkas, or the local legends like Krishna Jewellers in Jubilee Hills.
24 Karat Gold (Investment Grade)
- 1 Gram: ₹14,376
- 8 Grams (1 Tola): ₹1,15,008
- 10 Grams: ₹1,43,760
22 Karat Gold (Jewelry Grade)
- 1 Gram: ₹13,179
- 8 Grams: ₹1,05,432
- 10 Grams: ₹1,31,790
18 Karat Gold (Stone-studded Jewelry)
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- 1 Gram: ₹10,782
- 10 Grams: ₹1,07,820
Don't forget the 3% GST. That’s the government’s cut. And if you’re buying ornaments, the "making charges" can add anywhere from 5% to 25% depending on how intricate the design is. If you're looking at a Nizam-style antique necklace, those charges will sting.
Is the Hyderabad Gold Rate Today a Trap?
I get asked this a lot: "Should I wait for it to hit 1.2 lakh again?"
Short answer? Probably not going to happen soon.
Experts like Maneesh Sharma from Anand Rathi have been pointing out that geopolitical tensions—specifically around Venezuela and Iran—aren't cooling down. Plus, we have the "Trump Effect" in 2026. The threat of 25% trade tariffs on various countries is making the Indian Rupee sweat. When the Rupee weakens against the Dollar, gold gets more expensive for us here in Telangana because we import almost all of it.
Actually, some big banks like Goldman Sachs and local firms like Kotak Securities are predicting gold could hit ₹1.5 lakh to ₹1.75 lakh per 10 grams before 2026 is over.
So, while today’s small dip of ₹400 (per 10g) feels nice, in the grand scheme of things, we are still in a very "expensive" era.
Why Hyderabad Prices Differ from Mumbai or Delhi
You might notice that the hyderabad gold rate today is slightly different from what you see on news channels for Delhi or Chennai.
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It’s not a mistake. It’s mostly due to:
- Transportation Costs: Moving physical gold from ports to the heart of the Deccan costs money.
- Local Taxes: Octroi and state-level cess variations.
- Jewelry Associations: The Twin Cities Jewellers Association often sets a local benchmark based on local demand and supply.
Hyderabad has a massive appetite for gold. During the wedding season, the local demand here is often higher than in other Tier-1 cities, which keeps our local premiums a bit "sticky."
How to Buy Smart in the Current Market
If you're heading out to Pot Market in Secunderabad or the glitzy stores in Panjagutta today, keep these real-world tips in mind.
- Check the Hallmarking: Look for the BIS logo, the purity (like 22K916), and the HUID (Hallmark Unique Identification). In 2026, if it’s not HUID compliant, don't touch it.
- The Making Charge Hustle: Never accept the first making charge they give you. Most showrooms have a "margin" they can wiggle on. If they say 18%, try pushing for 14%. The worst they can say is no.
- Digital Gold vs. Physical: If you just want to save for the future and don't need to wear it today, look at Digital Gold or Gold ETFs. You avoid the making charges and the headache of a bank locker.
The Surprising Truth About 18K
A lot of people think 18K gold is "cheap" or "bad." Sorta.
It’s actually 75% pure gold. But here's the kicker—if you're buying diamond jewelry or heavy stone-set pieces, you need 18K. 22K is too soft to hold those diamonds securely. Today, 18K is priced around ₹10,782 per gram in Hyderabad. It’s a great way to get the "look" without the massive 24K price tag, provided you understand you're buying it for the art, not just the bullion value.
What to Do Next
The hyderabad gold rate today is showing a rare "minor correction." If you have a mandatory purchase coming up in the next 30 days, today is a better day than Wednesday was.
However, don't dump your entire life savings into gold at these peak levels. The market is volatile. A "staggered" approach is usually smarter. Buy a little now, and if it dips further next week, buy a little more.
Actionable Steps for Today:
- Compare live rates: Call at least two different showrooms (e.g., a big chain like Joyalukkas and a local expert like P Satyanarayana & Sons) to see who is offering the best "board rate" for the hour.
- Ask for the "Break-up": Before paying, ask for a clear invoice showing the gold price, making charges, and GST separately.
- Watch the MCX: Keep an eye on the Multi Commodity Exchange (MCX) live feed. If the "Gold Petal" or "Gold Guinea" futures are crashing, wait until the evening to visit the jeweler; they might update their rates by 4 PM.
Gold remains the ultimate security blanket for Hyderabadis. Whether it's for a wedding or just hundi, knowing the real numbers behind the hyderabad gold rate today is the only way to make sure you aren't overpaying for that glitter.
Factual Summary for January 16, 2026: - 24K Gold: ₹1,43,760 per 10g (Down from yesterday)
- 22K Gold: ₹1,31,790 per 10g
- Trend: Short-term correction in a long-term bull market.
- Key Driver: Geopolitical tension vs. local profit-booking after Sankranti.