The thyroid gland is located in the neck below the larynx. It secretes thyroid hormones including thyroxine and triiodothyronine that increase the metabolic rate of the body. Hyperthyroidism occurs when there is an excess of thyroid hormones and can be caused by Graves' disease or a thyroid adenoma. Hypothyroidism occurs when there is a lack of thyroid hormones due to autoimmune thyroiditis or iodine deficiency.