Gold & Silver Rate Today in Hyderabad, October 3: 24K Gold Near ₹1.50 Lakh, Silver ₹2.26 Lakh per Kg
Gold and silver prices remained elevated on October 3. A national bullion benchmark put gold at ₹1,50,550 per 10 grams and silver at ₹2,26,590 per kg, while Hyderabad retail quotations varied by source and jeweller.
Gold and silver jewellery displayed at a Hyderabad store for the October 3, 2026 rate update
Table of Contents (14 sections)
Gold and silver remained at historically high price levels on Saturday, October 3, 2026, with benchmark bullion quotations putting gold at around ₹1.50 lakh per 10 grams and silver above ₹2.26 lakh per kilogram.
A Business Today bullion update published at 9:00 am IST placed the national benchmark gold rate at ₹1,50,550 per 10 grams, while silver was quoted at ₹2,26,590 per kg. The report described those benchmark rates as unchanged on October 3.
For Hyderabad specifically, the same city-wise table quoted 24-carat gold at ₹1,50,500 per 10 grams, 22-carat gold at ₹1,37,958 per 10 grams, and silver at ₹2,26,590 per kg.
Buyers should note that bullion benchmark prices, jeweller quotations and online retail-price trackers are not always identical.
Hyderabad Gold Rate Today — October 3
Based on the October 3 city-wise bullion table:
Purity
Hyderabad indicative rate
24K gold
₹1,50,500 per 10 grams
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22K gold
₹1,37,958 per 10 grams
Silver
₹2,26,590 per kg
The broader benchmark cited in the same report was ₹1,50,550 per 10 grams for gold, explaining why readers may see ₹1,50,500 and ₹1,50,550 appearing in different price updates on the same morning.
Why Do Different Websites Show Different Hyderabad Gold Rates?
There is no single retail selling price followed by every jeweller in Hyderabad.
Different sources can publish different figures because their rates may reflect:
different jewellers or bullion suppliers;
different update times;
regional logistics;
inventory acquisition costs;
purity;
premiums;
GST;
and jewellery making charges.
Business Today’s October 3 report explicitly noted that retail prices can vary between jewellery chains even when the broader bullion trend is unchanged.
For example, another Hyderabad tracker was quoting about ₹15,029 per gram for 24K gold, equivalent to approximately ₹1,50,290 per 10 grams, and ₹13,776 per gram for 22K gold on October 3.
That variation is why consumers should verify the final price directly with the jeweller before purchasing.
Silver Rate Today in Hyderabad
The city-wise bullion table quoted silver in Hyderabad at:
₹22,659 per 100 grams
₹2,26,590 per kilogram
on October 3.
Other retail tracking services can show materially different Hyderabad silver quotations depending on the source and local market methodology.
For example, BankBazaar's Hyderabad tracker displayed ₹245 per gram, or ₹2,45,000 per kg, demonstrating why a single online number should not automatically be presented as the universal shop price across Hyderabad.
For a daily search article, the safest wording is therefore to identify ₹2,26,590 as the reported benchmark/city-table rate rather than claiming every Hyderabad retailer is selling silver at exactly that amount.
Are Gold and Silver Prices Unchanged Today?
The benchmark series cited by Business Today described gold and silver rates as unchanged on October 3.
However, that does not mean every Hyderabad jeweller or every pricing service recorded zero movement.
Different feeds use different reference prices and cut-off times.
Consumers checking rates for an immediate jewellery purchase should therefore look at the live quote from their chosen retailer in addition to the daily benchmark.
MCX Gold and Silver Prices
While physical benchmark rates were described as steady, commodity futures were moving.
At the time of Business Today’s October 3 report, MCX gold futures were up about 0.94% at ₹1,50,443 per 10 grams, while silver futures were up about 1.22% near ₹2,26,432 per kg.
MCX futures prices should not be confused with the final retail jewellery price paid by a customer.
Futures represent exchange-traded contracts, while physical jewellery prices can include taxes, making charges and retailer premiums.
24K vs 22K Gold: What Is the Difference?
24-karat gold is the higher-purity form and is commonly used for bullion and investment products.
22-karat gold contains additional metals that improve durability, making it more commonly used for jewellery.
That is why 22K jewellery prices are lower per gram than 24K bullion prices before making charges.
GST on Gold Jewellery
The quoted bullion rate is not necessarily the final amount paid at a jewellery store.
Business Today notes that physical gold purchases generally attract 3% GST on the value of the gold, while jewellery making charges attract a separate 5% GST.
The final bill may therefore depend on:
gold weight;
purity;
prevailing store rate;
making charge;
wastage, where applicable;
design premium;
and GST.
This is why two stores can produce different final bills even if they begin with similar bullion rates.
What Affects Gold Prices in Hyderabad?
Hyderabad gold prices broadly follow India's bullion market, which in turn is influenced by international gold prices and currency movements.
Among the important variables are global spot-gold prices, the rupee-dollar exchange rate, interest-rate expectations, geopolitical uncertainty, central-bank activity and seasonal jewellery demand.
Ahead of major Indian festivals and wedding periods, local physical demand can also influence retailer premiums.
Why Silver Can Be More Volatile
Silver behaves differently from gold because it has both investment and substantial industrial demand.
Apart from jewellery, coins and bullion, silver is used across electronics, electrical equipment, renewable-energy technologies and other industrial applications.
Changes in global industrial demand can therefore contribute to larger percentage moves in silver compared with gold.
Should Buyers Use the Benchmark or Jeweller Rate?
For tracking daily market direction, a benchmark bullion price is useful.
For actually purchasing jewellery, coins or bars, the final retailer quote is the important number.
Before paying, buyers should confirm the purity, per-gram rate, making charges, applicable taxes and final invoice amount.
For hallmarked gold jewellery in India, consumers should also check the applicable BIS hallmark and product identification details.
Gold Rate Today: Quick Hyderabad Summary
As of the morning of October 3:
National benchmark gold: ₹1,50,550 per 10 grams
Hyderabad 24K city-table rate: ₹1,50,500 per 10 grams
Hyderabad 22K city-table rate: ₹1,37,958 per 10 grams
Hyderabad silver city-table rate: ₹2,26,590 per kg.
These are indicative reported rates and can differ from live retail quotations.
Frequently Asked Questions
What is the gold rate today in Hyderabad?
One October 3 city-wise bullion table lists 24K gold at ₹1,50,500 per 10 grams and 22K gold at ₹1,37,958 per 10 grams in Hyderabad.
What is the benchmark gold rate today?
The broader benchmark quoted on October 3 was ₹1,50,550 per 10 grams.
What is the silver rate today in Hyderabad?
The same benchmark city table lists silver at ₹2,26,590 per kilogram, or ₹22,659 per 100 grams.
Why is my jeweller showing another gold price?
Retail quotations can vary because of update timing, purity, jeweller pricing, regional premiums, inventory costs, making charges and taxes.
Does the gold rate include GST and making charges?
Not necessarily. Base bullion prices generally do not represent the final jewellery invoice. Gold value attracts GST and jewellery making charges can be taxed separately.
Is 24K gold better for jewellery?
24K has higher gold purity, but 22K is commonly preferred for jewellery because alloying makes the metal more durable.
Bottom Line
On October 3, 2026, the national benchmark gold rate stood at ₹1,50,550 per 10 grams, while the Hyderabad city-table rate listed 24K gold at ₹1,50,500 and 22K at ₹1,37,958 per 10 grams. Silver was quoted at ₹2,26,590 per kg.
Retail prices can vary by jeweller. Always confirm the final rate, making charges and GST before purchase.
The Rajatheertha Team publishes news, explainers, guides and updates across India and the world. Our coverage follows Rajatheertha's editorial, verification and corrections standards.
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