This Gurudwara is situated at a distance of about 1.5 miles from Gurudwara Shikar Ghat Sahib. The story is just similar to that of Gurdwara Nagina Ghat Sahib.

The only difference is that at Nagina Ghat Sahib, a devotee had come with present of Nagina, whereas at Hira Ghat Sahib, the visiting person was Emperor of India Bahadur Shah, who had come from Golkonda side and presented a very beautiful ‘Hira' i.e. diamond to the Guru. Again Guru Sahib didn't take a serious notice of the so-called precious present and threw it into the Godavari River passing side by. The king was also surprised at the Guru's fete and when on later's instructions tried to fetch out his diamond from the river, he also found the river full of so many diamonds, even more precious than his offering. The emperor realized that at Guru Nanak's Darbar there was no shortage of any kind and the glittering wealth does not tempt the Sikh and in other words it serves at the doors of Sikh Community.