After shedding ₹350 per 10 gm yesterday, gold price in Hyderabad today fell slightly by ₹50 per 10 gm. Today in the retail jewelry market of Hyderabad, 24 carat gold is available at ₹50,000 per 10 gm while 22 carat gold is available at ₹46,000 per 10 gm. He said that on 14th June, gold price in Hyderabad had corrected to the tune of ₹350 per 10 gm as gold prices in Hyderabad on 13th June were ₹50,400 per 10 gm for 24 carat gold while for 22 carat gold were priced at ₹46,400 per 10 gm. Highlighting the reason for difference in gold price in various Indian cities, Prithviraj Kothari, National President at IBJA said, "Prices are more or less same. In Hyderabad, gold price is calculated using 24 carat gold price plus ₹995 and 3 per cent GST (Goods and Services Tax)."

Source: Mint June 15, 2021 10:30 UTC