Gold rate in Bagalkot
gold rate in bagalkot

24K Gold/ 10gm
57,490.00
0.00(0.00%)
22K Gold/ 10gm
54,750.00
0.00(0.00%)

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.

22K & 24K Gold Rates Per Gram in Bagalkot

24K
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GramYesterdayToday
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%)

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.

Historical gold rates in Bagalkot in last 10 days

1 gram
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Day24K Gold22K 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%)

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.

Weekly & monthly gold rate in Bagalkot
1 gram
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7 Days
30 Days
3 Months
6 Months
24K GOLD
22K GOLD

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.

Trend of Gold rates in Bagalkot

1 gram
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Day24K Gold22K Gold
01 February 202356605390
05 February 202300
Highest57495475
Lowest56605390

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.

FAQs of Gold price in Bagalkot

What are the options for investing in gold in Bagalkot?

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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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