Gold Prices Hold Steady in Hyderabad Amid Shifting Global Market Sentiment
Gold prices in Hyderabad remained largely unchanged on 29 June 2026 despite renewed geopolitical tensions involving the United States and Iran, while international bullion markets continued to react to developments affecting investor sentiment and commodity prices.
According to the available market data, the price of 24-carat gold in Hyderabad stood at ₹14,394 per gram on Monday, taking the cost of 10 grams to ₹1,43,940. Prices have shown little movement over the past two days, indicating a period of stability in the local retail market despite fluctuations in global conditions.
The price of 22-carat gold was reported at approximately ₹1,30,850 per 10 grams. Silver prices were also quoted, with one kilogram trading at ₹2,45,000 in the Hyderabad market.
International gold market reacts to geopolitical developments
Global precious metal markets have been influenced by renewed tensions between the United States and Iran. Although expectations had emerged that hostilities between the two countries were easing, fresh military action by the United States prompted a strong response from Iran, with retaliatory strikes adding to uncertainty in international markets.
The geopolitical situation has had an impact on global commodity trading, including gold and silver prices. Spot gold in the international market was reported at $4,062 per ounce, while silver also registered a decline, with prices falling by $58.67.
Gold is widely regarded as a safe-haven asset during periods of geopolitical uncertainty and economic instability. However, daily price movements can also be shaped by broader market sentiment, currency fluctuations, interest rate expectations, and investor positioning, leading to volatility even during periods of heightened international tensions.
Oil prices also remain in focus
The report noted that crude oil prices had softened after expectations that the conflict had subsided. However, the latest developments between the United States and Iran are expected to continue influencing energy markets alongside precious metals.
Global oil prices often respond quickly to geopolitical events in the Middle East because of the region's importance to international energy supplies. Changes in crude prices can also affect inflation expectations and financial markets, factors that are closely watched by commodity investors.
Hyderabad gold market remains stable
Despite movements in international commodity markets, gold prices in Hyderabad have remained broadly stable over the past two days. Local retail prices are influenced by several factors, including international bullion rates, exchange rate movements, import costs, taxes, and domestic demand.
With no significant change recorded in local prices, buyers and jewellers are likely to continue monitoring global developments for any impact on future market trends.