Stay updated with the gold prices in Hosur to make well-informed purchasing or selling decisions.
Hosur, a thriving industrial town in Tamil Nadu, is a popular destination for gold buyers due to its trusted jewellers and competitive prices. Keep yourself informed about today's gold prices in Hosur for different purity levels.
This helps ensure you are making a prudent financial decision when purchasing gold. Gold prices in Hosur fluctuate due to various factors such as market demand, international trends, and currency exchange rates.
By regularly checking updated rates, you can plan your purchase wisely and compare prices from different sellers to secure the best value for your money. Knowing the gold price today in Hosur will also help you leverage your gold for funds via gold loans.
Gold prices in Hosur continued their upward trend in April 2025, showing a moderate increase over the month. Both 22-karat and 24-karat gold witnessed price fluctuations, with the highest and lowest rates recorded between the 1st and 30th of April.
The highest recorded price of gold during the month was on 23rd April 2025:
The lowest recorded price of gold during the month was on 5th April 2025:
Gold prices in Hosur showed a +4.85% increase in April 2025.
Gold prices in Hosur continued their upward trend in March 2025, showing a moderate increase over the month. Both 22-karat and 24-karat gold witnessed price fluctuations, with the highest and lowest rates recorded between the 1st and 31th of March.
The highest recorded price of gold during the month was on 28th March 2025:
The lowest recorded price of gold during the month was on 5th March 2025:
Gold prices in Hosur showed a +4.60% increase in March 2025.
Gold prices in Hosur continued their upward trend in February 2025, showing a moderate increase over the month. Both 22-karat and 24-karat gold witnessed price fluctuations, with the highest and lowest rates recorded between the 1st and 28th of February.
The highest recorded price of gold during the month was on 25th February 2025:
The lowest recorded price of gold during the month was on 7th February 2025:
Gold prices in Hosur showed a +3.54% increase in February 2025.
Gold prices in Hosur are influenced by several factors that cause fluctuations in rates. Here are the key factors:
Inflation and Economic Conditions
The overall economic conditions in the country can influence prices as investors prefer gold during periods of economic uncertainty. A stable economy typically leads to lower gold prices, while economic instability drives higher demand and prices.
Market Sentiment
Economic condition of the country, inflation trends, and various market factors influence consumer behaviour, which in turn affects gold prices.
When market sentiment is optimistic, the demand for gold as an investment tends to decline. Conversely, during periods of negative sentiment, interest in gold rises. This dynamic of shifting confidence significantly impacts gold rates in Hosur.
Currency Exchange Rates
Fluctuations in currency values, especially the Indian Rupee against the U.S. Dollar, impact the gold rate in Hosur. A weaker rupee makes gold more expensive as it is imported, while a stronger rupee leads to gold prices to decrease. The relationship between exchange rates and gold prices is closely monitored by traders and investors.
Demand and Supply
The local demand for gold jewellery, coins, and bars, along with the overall availability of gold, affects pricing. Festivals, weddings, and cultural events often drive up demand, leading to higher prices. Conversely, when supply exceeds demand, prices tend to stabilise or decrease.
In Hosur, gold purchases are subject to a 3% GST, divided equally between CGST (1.5%) and SGST (1.5%). This 3% GST applies to gold jewellery, gold coins, and gold bars. A 5% GST is also levied on making charges of jewellery.
For example, if you purchase a gold necklace worth ₹50,000, the GST comes to ₹1,500. If the making charges are ₹2,000, an additional ₹100 (5% GST) applies.
Gold rates significantly influence gold loans, determining the loan amount you can secure against your asset. When gold prices rise, the value increases, allowing you to access higher loan amounts and vice versa.
Interest rates on gold loans also fluctuate with gold prices, making it important to stay updated. Higher gold prices often lead to more people applying for gold loans, increasing competition among lenders. This can help you get better terms, such as lower interest rates and flexible repayment options.
You can use gold loan calculators to assess your gold's current value and make informed decisions. At Bajaj Markets, you can compare options and apply for gold loans online quickly and easily, with minimal paperwork.
When buying gold, consider these factors:
Hallmark: Ensure the gold has a BIS hallmark, confirming its purity
Weight: Accurately check the weight, as it impacts the cost
Reputation: Purchase from trusted jewellers to guarantee quality and authenticity
The difference between 22-karat and 24-karat gold lies in their purity. 24-karat gold is the purest form, containing no other metals, making it softer and more malleable. 24-karat gold has 99.9% pure gold, while 22-karat gold has 91.67% pure gold, and the rest consists of other metals.
Gold prices in Hosur are influenced by several factors. Some of them include:
Global gold market trends
Interest rates and government policies
Gold demand
Exchange rates, especially between the Indian Rupee and US Dollar
There are several sellers in Hosur offering competitive prices and deals on gold. It is best to choose a reputable seller who guarantees purity and proper authentication.