Hyderabad Gold Silver Rate Today, February 1, 2026: Gold Slides, Silver Sees Sharp Drop On Budget Day

Gold and silver prices in Hyderabad witnessed a noticeable decline on February 1, 2026, tracking weakness in global markets and reduced local buying interest. After remaining elevated through most of January, bullion prices have softened at the start of the new month, offering some relief to buyers but raising caution among investors.

Below are the latest gold and silver rates in Hyderabad today.

Hyderabad Gold Rate Today (February 1, 2026)

As per the latest market update, gold prices in Hyderabad are trading lower today:

• 24 Carat Gold: ₹16,058 per gram
• 22 Carat Gold: ₹14,720 per gram
• 18 Carat Gold (999 gold): ₹12,044 per gram

Gold rates in Hyderabad depend largely on global gold prices, which are influenced by multiple international factors such as inflation trends, changes in global bullion prices, central bank gold reserves, interest rate movements and activity in jewellery markets.

Local jewellers reported cautious buying, with many customers waiting for further clarity on price direction before making fresh purchases.

Factors Influencing Gold Prices in Hyderabad

Several global and domestic factors play a role in deciding daily gold prices in the city. International market movements, currency fluctuations and global economic uncertainty continue to impact bullion trends. At the domestic level, demand from the jewellery sector and investment sentiment also influence prices.

Experts suggest that short term volatility may continue, while long term investors are advised to track global cues closely.

Hyderabad Silver Rate Today (February 1, 2026)

Silver prices in Hyderabad have also declined sharply today:

• Silver Price per gram: ₹320
• Silver Price per kilogram: ₹3,20,000

Hyderabad has a large base of traders dealing in silver, offering competitive rates in both retail and bulk transactions. The fall in prices has attracted attention from traders looking for fresh entry opportunities.

How to Invest in Silver

Gold and silver continue to remain popular investment choices due to their long term value and ability to hedge against inflation. Investors can buy gold and silver in physical form such as jewellery, coins and bars, depending on their financial goals.

Apart from physical purchases, investors can also consider market based options like trading gold and silver on the MCX. Digital gold and silver products and ETFs are other alternatives for those who prefer non physical investments. Experts advise staying invested with a long term perspective and tracking global price movements before making any major decision.