The disclosure relates to a hinge for furniture or domestic appliances, comprising a lateral part on which a hinge part is pivotally mounted via two levers. A damping device is provided having a movable damping element which is mounted in a movable manner between guide elements for damping purposes and which can be moved via a first actuation element during a closing movement of the hinge before reaching the closed position. A second actuation element is provided which pushes the damping element during an opening movement of the hinge before reaching the maximum opening position for damping an opening process. In this manner, the hinge provides an opening as well as a closing damping function.