Hubli-Dharwad, a twin city in Karnataka, has emerged as a significant economic and cultural center. Slowly but surely, the region's growing prosperity has made gold an increasingly attractive investment option. Expanding middle class and rising disposable incomes have fueled a demand for gold, both as an asset and a form of adornment. Just like any other part of India, gold is deeply ingrained in the cultural fabric of Hubli-Dharwad. It is considered a symbol of wealth, prosperity, and tradition. With a stable economic environment and a growing population, Hubli-Dharwad offers a promising landscape for those considering gold as a part of their investment portfolio. So in case you are planning to do the same, understanding the gold rate in Hubli-Dharwad will be quite helpful while making informed investment decisions.
Gold Price in Hubli Dharwad for 22K and 24K Gold Purities
22 Carat Gold Price Per Gram in Hubli-Dharwad - (Today & Yesterday)
It’s a well known fact that whenever gold is being considered for making jewellery, 22 carat is usually the preferred choice rather than 24 carat gold. So, if you want to buy 22 karat gold, then the table below about 22 carat gold rate in Hubli-Dharwad will help you decide:
| Gram | Today | Yesterday | Price Change |
|---|---|---|---|
| Gold rate for 1 gram | ₹ 6,691 | ₹ 6,577 | ₹ 114 |
| Gold rate for 10 gram | ₹ 66,908 | ₹ 65,770 | ₹ 1,138 |
| Gold rate for 12 gram | ₹ 80,290 | ₹ 78,924 | ₹ 1,366 |
Today 24 Carat Gold Price Per Gram in Hubli-Dharwad - (Today & Yesterday)
Discover the latest 24K gold rate per gram in Hubli-Dharwad and compare it to yesterday's price. The following table summarizes all the ups and downs between yesterday and today.
| Gram | Today | Yesterday | Price change |
|---|---|---|---|
| Gold rate for 1 gram | ₹ 7,304 | ₹ 7,180 | ₹ 124 |
| Gold rate for 10 gram | ₹ 73,044 | ₹ 71,801 | ₹ 1,243 |
| Gold rate for 12 gram | ₹ 87,653 | ₹ 86,161 | ₹ 1,492 |
Disclaimer: IIFL Finance Limited (including its associates & affiliates) ("IIFL") makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are subject to change and are provided on an as-is basis with no guarantees of completeness, accuracy, usefulness or timeliness and is without any warranties of any kind, express or implied. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. IIFL accepts no liability or responsibility for any errors or omissions in the content stated herein and under no circumstances shall IIFL be liable for any damage, loss, injury or disappointment suffered by any reader.
Historical Gold Rate in Hubli Dharwad For The Last 10 Days
| Day | 22K Pure Gold | 24K Pure Gold |
|---|---|---|
| 13 Sep, 2024 | ₹ 6,690 | ₹ 7,304 |
| 12 Sep, 2024 | ₹ 6,577 | ₹ 7,180 |
| 11 Sep, 2024 | ₹ 6,594 | ₹ 7,199 |
| 10 Sep, 2024 | ₹ 6,557 | ₹ 7,159 |
| 09 Sep, 2024 | ₹ 6,538 | ₹ 7,137 |
| 06 Sep, 2024 | ₹ 6,588 | ₹ 7,193 |
| 05 Sep, 2024 | ₹ 6,583 | ₹ 7,187 |
| 04 Sep, 2024 | ₹ 6,530 | ₹ 7,129 |
| 03 Sep, 2024 | ₹ 6,548 | ₹ 7,149 |
| 02 Sep, 2024 | ₹ 6,550 | ₹ 7,151 |
Monthly and Weekly Trends of Gold Rate in Hubli Dharwad
Gold, like stocks, experiences daily price fluctuations. To understand these trends better, explore our weekly and monthly gold price data for Hubli-Dharwad. For better understanding, here’s a look at the monthly and weekly trends of gold rates in Hubli-Dharwad.
Gold Price Calculator in Hubli Dharwad
Gold value: ₹ 6,690.80
What is the Current Trend in the Gold Price in Hubli-Dharwad?
Hubli-Dharwad has a strong gold market, especially during wedding seasons. Staying updated on gold rates is essential for informed buying or selling decisions. Compare current prices with historical data for better insights.
Importance of Checking Gold Rates in Hubli-Dharwad Before Buying
Comparing gold rates in Hubli-Dharwad before making a purchase is essential. Gold prices fluctuate constantly, making it crucial to stay updated on the latest rates to ensure you get the best value for your money.
Factors that Affect Gold Prices in Hubli-Dharwad
Gold prices in Hubli-Dharwad rely on varied factors that include:
- Demand and Supply:High demand, often driven by festivals, weddings, or investor interest, can push prices upward. Conversely, ample supply can exert downward pressure.
- US Dollar: As gold is often priced in US dollars, the value of the rupee against the dollar influences import costs. A weaker rupee generally leads to higher domestic gold prices.
- Margin: Local jewelers add a markup to the base gold price to cover operational costs and profit. This markup contributes to the final price paid by consumers.
- Interest Rates:Economic policies, including interest rate changes, can affect the attractiveness of gold as an investment. Lower interest rates may encourage gold buying as an alternative investment.
How are Hubli-Dharwad’s Gold Prices Determined?
Residents of Hubli-Dharwad have a strong preference for gold, especially 916 hallmark-certified jewelry. To ensure the authenticity and purity of your gold purchase, always look for the BIS hallmark. The price of 916 gold in Hubli-Dharwad fluctuates regularly, so check the latest rates before buying.
- International Gold Price:Global gold prices, determined on international markets, form the base price for local jewelers. Local jewelers add a markup to the import price to cover their costs and profit.
- Demand and Supply Dynamics: Local market conditions, including demand for gold, affect prices.
- Purity: Different gold purities have varying prices, whether it is 18k, 22k or 24k
Evaluate Gold Price in Hubli-Dharwad with Purity and Karats Method
To establish a gold item's true worth, careful evaluation based on current market rates is essential. The provided formulae can help calculate the gold price in Hubli-Dharwad:
- Purity Method (Percentage): Gold value = (Gold’s purity x weight x gold rate) / 24
- Karats Method: Gold value = (Gold’s purity x weight x gold rate) / 100
These methods can also be useful when you are applying for a gold loan in Hubli-Dharwad.
Reasons Why Gold Rates Differ Between Hubli-Dharwad and Other Cities
Gold prices vary significantly between cities, just as each city has its unique character. Several factors influence these differences, with certain elements exerting a more substantial impact on gold rates in Hubli-Dharwad.
- Import Price:Global gold prices and local jeweler markups significantly impact the final price of gold in Hubli-Dharwad.
- Volume:The city’s specific gold demand can influence local prices compared to other cities. Higher demand in Hubli-Dharwad could lead to a slightly higher price compared to a city with lower demand.
These factors impact each city’s gold price, highlighting the importance of understanding local market conditions.
Techniques to check the purity of gold
While professional jewelers and gold assayers offer the most accurate gold purity assessment, some basic methods can be employed for preliminary checks.
- Visual Inspection:Examine the item for hallmark stamps indicating purity levels.
- Physical Characteristics:Genuine gold typically resists tarnish and discoloration.
- Magnetic Test:Real gold is not magnetic, so a simple magnet test can help differentiate it from fake gold.
- Chemical Testing:While effective, using nitric acid to test gold purity is best left to professionals due to potential risks.