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Gold Rate Today in Bagalkot
gold rate in Bagalkot

24K Gold/ 10gm
₹55,440.00
0(0.00%)
22K Gold/ 10gm
₹50,821.85
0(0.00%)

Last updated on: 8th Mar 2023

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.

Gold Rate Comparison - 22K vs 24K

Know before investing in gold in Bagalkot

  • Purpose of Investment: Determine whether you are investing for long term wealth creation or short term gain.
  • Purity: Ensure you buy gold of at least 22 karat purity, which is the most common form of gold sold in Bagalkot.
  • Source: Buy gold from a reputable and trusted dealer.
  • Taxation: Take into account the applicable taxes, such as making charges and GST, when buying gold in Bagalkot.
  • Security: Store your gold securely, either in a bank locker or with an authorized gold storage company.
  • Diversification: Consider diversifying your investment portfolio with a mix of gold and other assets such as stocks or real estate.

Today's 22K & 24K Gold Rates Per Gram in Bagalkot

24K
DownArrow
GramYesterdayToday
1 gram
₹5,544.00
-11 (0.20%)
₹5,544.00
0 (0.00%)
8 grams
₹44,352.00
-88 (0.20%)
₹44,352.00
0 (0.00%)
10 grams
₹55,440.00
-110 (0.20%)
₹55,440.00
0 (0.00%)
100 grams
₹5,54,400.00
-1100 (0.20%)
₹5,54,400.00
0 (0.00%)
GramYesterdayToday
1 gram
₹5,544.00
-11 (0.20%)
₹5,544.00
0 (0.00%)
8 grams
₹44,352.00
-88 (0.20%)
₹44,352.00
0 (0.00%)
10 grams
₹55,440.00
-110 (0.20%)
₹55,440.00
0 (0.00%)
100 grams
₹5,54,400.00
-1100 (0.20%)
₹5,54,400.00
0 (0.00%)

Why Do Gold Prices Tend to Increase during Stock Market Downturns?

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.

Historical Gold Rate in Bagalkot for Last 10 Days

10 grams
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Day24K Gold22K Gold
09 Mar 2023
₹55,440.00
0 (0.00%)
₹50,821.85
0 (0.00%)
08 Mar 2023
₹55,440.00
-110 (0.20%)
₹50,821.85
-100.84 (0.17%)
07 Mar 2023
₹55,550.00
0 (0.00%)
₹50,922.68
0 (0.00%)
06 Mar 2023
₹55,550.00
0 (0.00%)
₹50,922.68
0 (0.00%)
05 Mar 2023
₹55,550.00
0 (0.00%)
₹50,922.68
0 (0.00%)
04 Mar 2023
₹55,550.00
0 (0.00%)
₹50,922.68
0 (0.00%)
03 Mar 2023
₹55,550.00
+160 (0.29%)
₹50,922.68
+146.67 (0.24%)
02 Mar 2023
₹55,390.00
+160 (0.29%)
₹50,776.01
+146.67 (0.24%)
01 Mar 2023
₹55,230.00
+100 (0.18%)
₹50,629.34
+91.67 (0.15%)
28 Feb 2023
₹55,130.00
-150 (0.27%)
₹50,537.67
-137.51 (0.23%)
Day24K Gold22K Gold
09 Mar 2023
₹55,440.00
0 (0.00%)
₹50,821.85
0 (0.00%)
08 Mar 2023
₹55,440.00
-110 (0.20%)
₹50,821.85
-100.84 (0.17%)
07 Mar 2023
₹55,550.00
0 (0.00%)
₹50,922.68
0 (0.00%)
06 Mar 2023
₹55,550.00
0 (0.00%)
₹50,922.68
0 (0.00%)
05 Mar 2023
₹55,550.00
0 (0.00%)
₹50,922.68
0 (0.00%)
04 Mar 2023
₹55,550.00
0 (0.00%)
₹50,922.68
0 (0.00%)
03 Mar 2023
₹55,550.00
+160 (0.29%)
₹50,922.68
+146.67 (0.24%)
02 Mar 2023
₹55,390.00
+160 (0.29%)
₹50,776.01
+146.67 (0.24%)
01 Mar 2023
₹55,230.00
+100 (0.18%)
₹50,629.34
+91.67 (0.15%)
28 Feb 2023
₹55,130.00
-150 (0.27%)
₹50,537.67
-137.51 (0.23%)
Day24K Gold22K Gold
09 Mar 2023
₹55,440.00
0 (0.00%)
₹50,821.85
0 (0.00%)
08 Mar 2023
₹55,440.00
-110 (0.20%)
₹50,821.85
-100.84 (0.17%)
07 Mar 2023
₹55,550.00
0 (0.00%)
₹50,922.68
0 (0.00%)
06 Mar 2023
₹55,550.00
0 (0.00%)
₹50,922.68
0 (0.00%)
05 Mar 2023
₹55,550.00
0 (0.00%)
₹50,922.68
0 (0.00%)
04 Mar 2023
₹55,550.00
0 (0.00%)
₹50,922.68
0 (0.00%)
03 Mar 2023
₹55,550.00
+160 (0.29%)
₹50,922.68
+146.67 (0.24%)
02 Mar 2023
₹55,390.00
+160 (0.29%)
₹50,776.01
+146.67 (0.24%)
01 Mar 2023
₹55,230.00
+100 (0.18%)
₹50,629.34
+91.67 (0.15%)
28 Feb 2023
₹55,130.00
-150 (0.27%)
₹50,537.67
-137.51 (0.23%)
Day24K Gold22K Gold
09 Mar 2023
₹55,440.00
0 (0.00%)
₹50,821.85
0 (0.00%)
08 Mar 2023
₹55,440.00
-110 (0.20%)
₹50,821.85
-100.84 (0.17%)
07 Mar 2023
₹55,550.00
0 (0.00%)
₹50,922.68
0 (0.00%)
06 Mar 2023
₹55,550.00
0 (0.00%)
₹50,922.68
0 (0.00%)
05 Mar 2023
₹55,550.00
0 (0.00%)
₹50,922.68
0 (0.00%)
04 Mar 2023
₹55,550.00
0 (0.00%)
₹50,922.68
0 (0.00%)
03 Mar 2023
₹55,550.00
+160 (0.29%)
₹50,922.68
+146.67 (0.24%)
02 Mar 2023
₹55,390.00
+160 (0.29%)
₹50,776.01
+146.67 (0.24%)
01 Mar 2023
₹55,230.00
+100 (0.18%)
₹50,629.34
+91.67 (0.15%)
28 Feb 2023
₹55,130.00
-150 (0.27%)
₹50,537.67
-137.51 (0.23%)

Who Decides the Gold Rates in Bagalkot?

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.

Options for Gold Investment in Bagalkot

Physical gold investment: Buy gold in the form of coins, bars, or jewellery.

  1. Gold Exchange Traded Funds (ETFs): Invest in a basket of gold stocks, without the need for storage or physical ownership.
  2. Sovereign Gold Bond (SGB): Buy bonds issued by the Indian government, linked to the price of gold, with the option for periodic interest payments and easy redemption.
  3. Digital gold: It allows investors to purchase and hold gold in a demat account, providing the ease of investment and low storage costs.
  4. Physical gold: It has been a traditional form of investment in India for centuries and provides the option to hold the metal in a tangible form.

FAQs of Gold Rate in Bagalkot

What are the options for investing in gold in Bagalkot?

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Physical gold in the form of coins, bars, and jewelry
SGBs (Sovereign Gold Bonds)
Digital gold

What are SGBs and how do they work as an investment option in Bagalkot?

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What is digital gold and how does it function as an investment option in Bagalkot?

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sovereign gold bonds

Sovereign Gold Bond

2.5% p.a. + Gold price increase

  • RBI issued bonds
  • Best deals filtered for you
  • Tax exempted when held till maturity
Gold Rate Calculator

Location

Weight

Purity of Gold
Price

₹55,440 / 10gm

Last updated on: 8th Mar 2023

Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are subject to change with market value and are provided on an as-is basis. Wint Wealth has no commercial interest or gain in or from the actions resulting from the information displayed on this page. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of the data contained on this website.