Gold Rate In Gulbarga Today

  • Today's Gold Rate in Gulbarga( 24 Jan 2021 )

    ₹ 4,610
    Today's Gold Rate (22K) per gram

    Compare 22K & 24K Gold Rate In Gulbarga (Today & Yesterday)

    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,610 ₹ 4,625 ₹ -15 ↓
    Standard Gold (22 K) ( 8 grams ) ₹ 36,880 ₹ 37,000 ₹ -120 ↓
    Pure Gold (24 K) ( 1 gram ) ₹ 4,841 ₹ 4,856 ₹ -15 ↓
    Pure Gold (24 K) ( 8 grams ) ₹ 38,728 ₹ 38,848 ₹ -120 ↓

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    22 Jan 2021 ₹ 4,610 ₹ 36,880 ₹ 4,841 ₹ 38,728
    21 Jan 2021 ₹ 4,625 ₹ 37,000 ₹ 4,856 ₹ 38,848
    20 Jan 2021 ₹ 4,580 ₹ 36,640 ₹ 4,809 ₹ 38,472
    19 Jan 2021 ₹ 4,565 ₹ 36,520 ₹ 4,793 ₹ 38,344
    18 Jan 2021 ₹ 4,550 ₹ 36,400 ₹ 4,778 ₹ 38,224
    17 Jan 2021 ₹ 4,565 ₹ 36,520 ₹ 4,793 ₹ 38,344
    16 Jan 2021 ₹ 4,550 ₹ 36,400 ₹ 4,778 ₹ 38,224
    15 Jan 2021 ₹ 4,600 ₹ 36,800 ₹ 4,830 ₹ 38,640
    14 Jan 2021 ₹ 4,575 ₹ 36,600 ₹ 4,804 ₹ 38,432
    13 Jan 2021 ₹ 4,640 ₹ 37,120 ₹ 4,872 ₹ 38,976

    Gold Rate Trend

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    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Kalaburgi, or Gulbarga as it was formerly known is a key centre in Karnataka, having been an important town for numerous kingdoms in the past. Today, it is home to over 1.1 million people and has a decent industrial setup. Its history of being home to kings and royalty made it a prosperous area, with gold and other forms of precious minerals abundantly used. This association with gold has ensured that it remains popular even today, with a number of its residents investing in gold. Gold prices in the city change on a daily basis, with international prices dictating the trends.

    Gold sales pick up during weddings and festivals like Diwali and Dussera in the city, with a number of stores catering to the demand.

    Gold Price in Gulbarga

    Since a majority of the gold consumed in Gulbarga is imported, international gold prices dictate the amount one finally pays for it. Local taxes, demand and supply, import duty, etc. play a key role in estimating the price on a given day, with fluctuations in gold rates possible on a day to day basis.

    Gold Rate Trend in Gulbarga for July 2020 to September 2020 (per gram of 24 karat gold)

    Factor July August September
    1st Day Rs.4,984 per gram Rs.5,501 per gram Rs.5,127 per gram
    Last Day Rs.5,496 per gram Rs.5,295 per gram Rs.5,171 per gram
    Highest Price Rs.5,496 per gram on 31 July Rs.5,761 per gram on 8 August Rs.5,357 per gram on 17 September
    Lowest Price Rs.4,946 per gram from 7 July Rs.5,066 per gram on 29 August Rs.4,946 per gram on 26 September
    Trend Incline Decline Decline
    Change 10.2% -3.75% -0.85%

    Quarterly Gold Rate in Gulbarga from July 2020 to September 2020:

    • In Gulbarga, gold price opened the month of July at Rs.4,984 per gram and was at its lowest price of the month in the first week at Rs.4,946 per gram. However, the gold rate in Gulbarga increased substantially throughout the month, closing at Rs.5,496 per gram with an inclining rate of 10.2%.
    • In August, gold rate showed a gradual decline in prices as the equity markets showed a positive trend. Opening at Rs.5,501 per gram, the metal hit its highest price of the month on 8 August at Rs.5,761 per gram and its lowest on 29 August at Rs.5,066 per gram with a percentage decline of 3.75.
    • The gold rate was Rs.5,127 per gram on 1 September and showed continuous fluctuations due to various international trends. The metal’s price was highest on 17 September at Rs.5,357 per gram and lowest on 26 September at Rs.4,946 per gram. Gold rate closed the month with a percentage decline of 0.85.

    Gold Rate Trend in Gulbarga for April 2020 to June 2020 (per gram of 24 karat gold)

    Factor April May June
    1st Day Rs.4,053 per gram Rs.4,681 per gram Rs.4,817 per gram
    Last Day Rs.4,731 per gram Rs.4,803 per gram Rs.4,991 per gram
    Highest Price Rs.4,800 per gram on 27 April Rs.4,900 per gram on 20 May Rs.4,991 per gram on 30 June
    Lowest Price Rs.4,053 per gram from 1 April to 5 April Rs.4,587 per gram on 6 May Rs.4,724 per gram on 8 June
    Trend Incline Incline Incline
    Change 16.72% 2.60% 3.05%

    Quarterly Gold Rate in Gulbarga from April to June:

    • In the city of Gulbarga, gold prices opened at Rs.4,053 per gram on 1 April and recorded a substantial incline. The price of the metal remained steady during the first week of the month and increased in the last. The metal hit its highest price at Rs.4,800 per gram on 27 April and closed at Rs.4,731 per gram with a 16.72% overall monthly incline.
    • Gold rates in Gulbarga in May opened at Rs.4,681 per gram and was at its lowest on 6 May at Rs.4,587 per gram. However, with constant fluctuations, the metal hit its highest on 20 May at Rs.4,900 per gram and closed at Rs.4,803 per gram on 31 May.
    • Recording an overall incline of 3.05% in June, gold prices opened at Rs.4,817 per gram on 1 June and hit its highest price on the last day of the month at Rs.4,991 per gram. Closing at the same price, the metal recorded an overall incline of 3.05%.

    Gold Rate Trend in Gulbarga for January 2020 to March 2020 (per gram of 24 karat gold)

    Factor January February March
    1st Day Rs.3,860 per gram Rs.4,014 per gram Rs.4,090 per gram
    Last Day Rs.4,014 per gram Rs.4,195 per gram Rs.4,053 per gram
    Highest Price Rs.4,053 per gram on 9 January Rs.4,232 per gram on 25 February Rs.4,368 per gram on 7 March
    Lowest Price Rs.3,848 per gram on 2 January Rs.3,956 per gram on 7 and 8 February Rs.3,953 per gram on 20 March
    Trend Incline Incline Decline
    Change 3.98% 4.50% -0.90%

    Quarterly Gold Rate in Gulbarga from January 2020 to March 2020:

    • Gold prices for the month of January in Gulbarga opened at Rs.3,860 per gram and closed at Rs.4,014 per gram. Gold prices fluctuated throughout the month. Overall, gold saw a 3.98% incline in its rates for the month. Several factors such as the trade deal between the US and China and the tensions between the Middle East and the US ensured that the prices of gold increased. Gold hit its lowest rate for the month on 2 January 2020 and was at Rs.3,848 for a gram. On 9 January 2020, gold prices hit its highest rate for the month and was at Rs.4,053 for a gram.
    • Gold prices continued to increase in the month of February. The prices of gold opened the month at Rs.4,014 per gram. Gold did not see any changes to its prices on 1 February 2020 when compared to the last day of January. Gold hit its lowest rate for the month on 7 and 8 February and was at Rs.3,956 for a gram. However, in the following days, the prices of gold continuously increased as investors moved towards the bullion market due to the coronavirus outbreak. On 25 February 2020, gold hit its highest rate for the month and was at Rs.4,232 for a gram. Overall, gold saw a 4.50% increase in its rates for the month of February in Gulbarga.
    • On 1 March 2020, the prices of gold opened at Rs.4,090 per grams. Gulbarga saw a 0.90% decline in its gold rates for the month. In the first week, gold prices increased significantly as investors were expecting the US Federal Reserve to cut the interest rates. Gold hit its highest rate for the month and was at Rs.4,368 for a gram on 7 March 2020. Over the following days, gold rates reduced drastically. The coronavirus outbreak led to investors selling their assets, ensuring that the prices of gold reduced. During this period, gold hits its lowest rate for the month and was at Rs.3,953 on 20 March 2020. The US Federal Reserves introduced several measure to help the economy during the pandemic, ensuring that the prices of gold increased by the end of the month. Gold closed the month at Rs.4,053 per gram.

    Gold investment avenues in Gulbarga

    Investing in gold is a popular choice in Gulbarga, with a number of people purchasing it during weddings and celebrations. Given the expense involved with gold, a majority of the population opts for either 18 or 22 karat purity, with 24 karat gold purchased by only a section of the city. Some of the modes to buy gold in Gulbarga are mentioned below.

    Market trade – Market trade of gold hasn’t gained popularity in Gulbarga despite the ease and convenience associated with it. One can invest in gold through the National Stock Exchange and the Mumbai Stock Exchange, with the option to choose between gold ETFs, futures contracts and E-gold.

    Over-the-counter – The most popular means of buying gold, over-the-counter purchases are fast and simple. One can approach any jeweller or bank to purchase gold, though banks typically offer only gold coins and bars. Individuals looking for gold jewellery can buy it from local jewellers, albeit jewellery isn’t the best way to invest in gold on account of wastage and making charges..

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