Learn about the recent gold rate in Hubli and key considerations before buying gold to get the maximum value.
Gold serves as a financial backup during emergencies beyond its cultural significance. Investment in gold is now available in forms such as digital gold and Sovereign Gold Bonds, in addition to ornaments and bars.
Gold comes in various purity levels, including 24K, 22K, and 18K, with 24K signifying 99.99% purity. Before finalising a purchase, ensure that the gold asset matches its estimated value in terms of purity.
This will help you get the best value for your money and secure a higher loan amount if you choose to take a gold loan.
Gold prices in Hubli 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 24th April 2025:
The lowest recorded price of gold during the month was on 5th April 2025:
Gold prices in Hubli showed a +4.83% increase in April 2025.
Gold prices in Hubli 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 29th March 2025:
The lowest recorded price of gold during the month was on 5th March 2025:
Gold prices in Hubli showed a +4.58% increase in March 2025.
Gold prices in Hubli 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 26th February 2025:
The lowest recorded price of gold during the month was on 7th February 2025:
Gold prices in Hubli showed a +3.40% increase in February 2025.
Today’s gold rate in Hubli may be influenced by global and national factors such as currency fluctuations, interest rates, and inflation. Below is a detailed explanation of how these factors impact gold prices:
Demand and Supply
The demand for gold jewellery in India peaks during festive and wedding seasons, leading to an increase in local prices. Conversely, during periods of low demand, such as non-festive months, gold prices tend to decrease. This fluctuation in demand and supply impacts gold rates in Hubli.
Read also: Tips for Buying Gold Jewellery
Government Regulations
Government policies, such as changes in import duties or taxes, directly influence gold prices. For example, higher import duties make gold more expensive, increasing local prices. Additionally, global geopolitical developments, such as trade sanctions, can indirectly affect gold rates.
Inflation
During periods of high inflation, the currency’s value decreases, leading to investors to turn to gold as a hedge. This increased demand raises gold prices. Conversely, when inflation is low, gold prices may stabilise or decrease.
Currency Fluctuations
Gold prices in Hubli are impacted by changes in the value of the Indian Rupee against the U.S. Dollar. For instance, if the rupee weakens against the dollar, the cost of importing gold rises, leading to higher local gold prices. On the other hand, a stronger rupee can lead to lower gold prices.
Goods and Services Tax is levied by the Indian Government on all goods and services. This GST applies to gold sales, making charges, and imports.
As per the current GST regulations, 3% GST is applicable on gold purchases. Also, a 5% GST applies to the making charges of gold jewellery.
Gold rates influence the value of gold loans which you can borrow against gold assets. Gold loans are a great solution during emergencies, as they offer quick access to funds and have minimal eligibility requirements.
The loan amount you can obtain is based on the current value of gold. When gold prices are high, you can borrow more; when prices drop, the loan amount will adjust accordingly. This flexibility makes gold loans a dependable choice in times of financial need.
At Bajaj Markets, you can easily compare and apply for gold loans from various lenders. Simply submit a few essential documents to apply, and receive the funds without delays.
No, gold prices vary across the country due to various global and domestic factors. Some of them include:
Demand and supply dynamics
Changes in government regulations
Inflation in the country
24K gold is 99.99% pure and consists of pure yellow gold. In contrast, 22K gold is 91.67% pure and contains other metals. Due to its softness, 24K gold is not ideal for jewellery carving, which is why 22K gold is preferred for such purposes.
According to the current GST regulations in India, a 3% GST is applicable on gold purchases. In addition, a 5% GST is charged on making charges of gold jewellery.
Some common options to invest in gold in India includes:
Physical gold
Digital gold
Exchange-traded Funds (ETFs)
Sovereign Gold Bonds (SGBs)