Gold Price in Gulbarga today - 22 May

last updated on 22 May 2022


0(per gram) (16K)

The demand for gold in Gulbarga mostly peaks during festivals and wedding celebrations. However, the gold price in Gulbarga changes daily, with global price movement dictating its overall price trend, along with additional factors such as supply and demand and import duty. Therefore, verifying its rate should be on a resident’s checklist due to the volatile price movement of the yellow metal.

Gold Prices in Gulbarga for different purity

PurityGold price 1 gramGold price 10 gram

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Gold Prices in Gulbarga for the last 7 days

DateGold price 1 gramGold price 10 gram
20 May, 2022₹ 5,400₹ 54,000
19 May, 2022₹ 6,000₹ 60,000
18 May, 2022₹ 6,500₹ 65,000
17 May, 2022₹ 7,000₹ 70,000
16 May, 2022₹ 7,500₹ 75,000
15 May, 2022₹ 6,500₹ 65,000
14 May, 2022₹ 7,500₹ 75,000
Gold Price Calculator in Gulbarga

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Gold Rates in Gulbarga for 18, 22 and 24 Karats (Comparison Table for 18, 22, and 24 Karats)

The 3 purity levels of a gold ornament are – 18, 22 and 24 karats. 18 karat is the cheapest, while 22 karat is more pricey than 18 karat but less expensive than 24 karat. 24 karat is the most expensive of the other two kinds. Most of the residents of Gulbarga either purchase 18 or 22 karats, while only a specific section of consumers incline towards buying 24 karat gold. Individuals can check the daily updated rates of the yellow metals of different purities on this page.

Gold Price Trend in Gulbarga Over Last 7 Days

The price of yellow metal in Gulbarga changes given the fluctuating market conditions. However, over the past months, the market for this metal reported being on an inflationary trend. (insert table)

Weekly and Monthly Trend of Gold Price in Gulbarga Through a Graph

Experts assume that the inflationary rise in the price of yellow metal in Gulbarga will continue in future. Here is a graphical representation of this metal’s rate in the city for the last few weeks and months. (insert graph)

Check Gold Rates in Gulbarga Before Investing

Today’s gold price in Gulbarga is much higher than it was in the last few years. This is because of variation in external and internal factors like import duty, transportation expenses etc., making the price of this metal unpredictable. Therefore, residents, especially borrowers, must check its rates on this page. This will assist them in comparing lenders and selecting a suitable loan offer.

Essential Determinants of Gold Price in Gulbarga

Inflation, demand and supply, interest rates, geopolitical situations, import duty, the exchange rate between INR and USD, gold reserves held by the RBI are some of the factors that affect the yellow metal’s rate in Gulbarga.

Ways to Evaluate Gold Price in Gulbarga

Individuals can compute gold’s value in Gulbarga using 2 simple methods –

  • Percentage Purity Method Gold value = (Gold’s purity x weight x gold rate) / 24
  • Karat Purity Method Gold value = (Gold’s purity x weight x gold rate) / 100 Further, use this value to get the following results from our gold loan calculator on this page. Here is a simple step-wise guide for the same –
  • To Know About Gold Required
  • Step 1: Select ‘Choose required Loan Amount’.
  • Step 2: Provide information on the required loan amount, tenure and interest rate. The gold loan calculator will show the monthly, and total interest payables apart from the gold required.
  • To Know About Loan Amount
  • Step 1: Select ‘Choose available Gold Weight’.
  • Step 2: Enter weight and purity of gold, interest rate and tenure. After completing this process, individuals can view the gold loan amount they can secure, total and monthly interest payments.

Reasons for Different Gold Rate in Gulbarga from That in Other Cities

The gold rate in Gulbarga varies from other cities in India mainly due to the following reasons:

  • Making charge on gold ornaments
  • Taxes on the metal
  • Transportation expenses Are you looking for an affordable gold loan in Gulbarga to meet financial requirements? If yes, apply for a gold loan in Rupeek and enjoy a nominal interest rate, convenient repayment terms, and doorstep service on loan against gold.
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