Last updated on: 3th Feb 2023 10:00 AM
Bagalkot, a city in the Indian state of Karnataka, is known for its rich cultural heritage and scenic beauty. The city has also been attracting attention from investors as a hub for gold investment.
The demand for gold in Bagalkot is driven by various factors such as weddings, festivals, and cultural significance. With its reliable gold dealers, diverse investment options, and favorable market conditions, Bagalkot presents an attractive opportunity for investing in gold.
Gram | Yesterday | Today |
---|---|---|
1gm | ₹5,749.00 0.00 (0.00%) | ₹5,749.00 0.00 (0.00%) |
8gm | ₹45,992.00 0.00 (0.00%) | ₹45,992.00 0.00 (0.00%) |
10gm | ₹57,490.00 0.00 (0.00%) | ₹57,490.00 0.00 (0.00%) |
100gm | ₹5,74,900.00 0.00 (0.00%) | ₹5,74,900.00 0.00 (0.00%) |
Physical gold investment: Buy gold in the form of coins, bars, or jewellery.
Day | 24K Gold | 22K Gold |
---|---|---|
04 Feb 2023 | ₹5,749.00 0.00 (0.00%) | ₹5,475.00 0.00 (0.00%) |
03 Feb 2023 | ₹5,749.00 0.00 (0.00%) | ₹5,475.00 0.00 (0.00%) |
02 Feb 2023 | ₹5,749.00 89.00 (1.58%) | ₹5,475.00 85.00 (1.58%) |
01 Feb 2023 | ₹5,660.00 27.00 (0.48%) | ₹5,390.00 25.00 (0.47%) |
31 Jan 2023 | ₹5,633.00 -16.00 (-0.28%) | ₹5,365.00 -15.00 (-0.27%) |
30 Jan 2023 | ₹5,649.00 0.00 (0.00%) | ₹5,380.00 0.00 (0.00%) |
29 Jan 2023 | ₹5,649.00 0.00 (0.00%) | ₹5,380.00 0.00 (0.00%) |
28 Jan 2023 | ₹5,649.00 16.00 (0.29%) | ₹5,380.00 15.00 (0.28%) |
27 Jan 2023 | ₹5,633.00 -63.00 (-1.10%) | ₹5,365.00 -60.00 (-1.10%) |
26 Jan 2023 | ₹5,696.00 42.00 (0.75%) | ₹5,425.00 40.00 (0.75%) |
Investors may turn to gold when the stock market performs poorly to preserve wealth. Gold is less volatile than stocks and not tied to any particular company or economy.
Gold and stocks sometimes move in opposite directions. When stocks perform poorly, investors may sell stocks and buy gold instead, driving up the price.
Central bank policies and interest rates also influence gold prices. During times of economic uncertainty, central banks may lower interest rates to stimulate the economy.
This makes gold more attractive to investors, as it may not offer the same level of return as other options. This increased demand for gold may drive up the price.
Day | 24K Gold | 22K Gold |
---|---|---|
01 February 2023 | 5660 | 5390 |
05 February 2023 | 0 | 0 |
Highest | 5749 | 5475 |
Lowest | 5660 | 5390 |
The gold rates in Bagalkot, India are determined by the Jewellers association such as Indian Bullion and Jewellers Association (IBJA) and retailers play a vital role in determining the price of gold in Bagalkot. IBJA is a trade association representing the bullion and jewellery industry in India, established in 1919 and headquartered in Mumbai. It aims to promote the growth and development of the bullion and jewellery industry in India and to protect the interests of its members, who are primarily gold and silver bullion traders and jewellers, through a wide range of services such as market intelligence, price information, and legal and technical assistance, it also works closely with the government to develop and implement policies that support the growth of the industry.
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