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Gold Rate In Belgaum Today

Gold is a precious metal that has several purposes beyond being used as jewellery. Gold has long been a favourite among investors, and during the past 50 years, its price has significantly climbed.


It is one of the most popular investments in India because of some influencing elements including high liquidity and the ability to overcome inflation. Today’s gold rate in Belgaum is as follows: 1 gram, ₹5,045, ₹5,067 ; 8 gram, ₹40,360, ₹40,536 ; 10 gram, ₹50,450, ₹50,670.

Today Gold Price in Major Indian Cities

City22 Carat Gold Price Today24 Carat Gold Price Today
Vizianagaram ₹57,600₹62,840
Kurnool ₹57,600₹62,840
Kakinada ₹57,600₹62,840
Proddatur ₹57,600₹62,840
Nellore ₹57,600₹62,840
Visakhapatnam ₹57,600₹62,840
Vijayawada ₹57,600₹62,840
Ranchi ₹57,650₹62,890
Patna ₹57,650₹62,890
Kolhapur ₹57,600₹62,840
Nanded ₹57,600₹62,840
Ahmednagar ₹57,600₹62,840
Latur ₹57,600₹62,840
Amravati ₹57,600₹62,840
Solapur ₹57,600₹62,840
Jalgaon ₹57,600₹62,840
Thane ₹57,600₹62,840
Nashik ₹57,630₹62,870
Nagpur ₹57,600₹62,840
Pune ₹57,600₹62,840
Varanasi ₹57,750₹63,000
Ghaziabad ₹57,750₹63,000
Jhansi ₹57,750₹63,000
Gorakhpur ₹57,750₹63,000
Allahabad ₹57,750₹63,000
Meerut ₹57,750₹63,000
Raipur ₹57,750₹63,000
Lucknow ₹57,750₹63,000
Rourkela ₹57,600₹62,840
Berhampur ₹57,600₹62,840
Cuttack ₹57,600₹62,840
Kolkata ₹57,600₹62,840
Kozhikode ₹57,600₹62,840
Thrissur ₹57,600₹62,840
Kochi ₹57,600₹62,840
Udaipur ₹57,750₹63,000
Jodhpur ₹57,750₹63,000
Jaipur ₹57,750₹63,000
Khammam ₹57,600₹62,840
Nizamabad ₹57,600₹62,840
Karimnagar ₹57,600₹62,840
Hyderabad ₹57,600₹62,840
Ambala ₹57,750₹63,000
Faridabad ₹57,750₹63,000
Gurgaon ₹57,750₹63,000
Delhi ₹57,750₹63,000
Shimla ₹57,750₹63,000
Jammu ₹57,750₹63,000
Amritsar ₹57,750₹63,000
Ludhiana ₹57,750₹63,000
Chandigarh ₹57,750₹63,000
Bhubaneswar ₹57,600₹62,840
Karur ₹57,600₹62,840
Shimoga ₹57,600₹62,840
Kumbakonam ₹57,600₹62,840
Hosur ₹57,600₹62,840
Udupi ₹57,600₹62,840
Gulbarga ₹57,600₹62,840
Belgaum ₹57,600₹62,840
Nagercoil ₹57,600₹62,840
Erode ₹57,600₹62,840
Mangalore ₹57,600₹62,840
Salem ₹57,600₹62,840
Mysore ₹57,600₹62,840
Madurai ₹58,150₹63,440
Coimbatore ₹58,150₹63,440
Chennai ₹58,150₹63,440
Bangalore ₹57,600₹62,840
Amritsar ₹57,750₹63,000
Ratlam ₹57,650₹62,890
Jabalpur ₹57,650₹62,890
Surat ₹57,650₹62,890
Bhopal ₹57,650₹62,890
Indore ₹57,650₹62,890
Ahmedabad ₹57,650₹62,890
28-Feb-2024
Gold Price in Belgaum
₹62,840/10g
Check Price in India
Day22 Carat24 CaratChange
Today₹57,600₹62,8400.0%
Yesterday₹57,600₹62,8400.0%
Above Price as per 10 gm
gold_img
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Today 22 Carat Gold Rate in Belgaum

Day1 gram8 gram10 gram100 gramChange
Today Price₹5,760₹46,080₹57,600₹5,76,0000.0%
Yesterday Price₹5,760₹46,080₹57,600₹5,76,0000.0%

Today 24 Carat Gold Rate in Belgaum

Day1 gram8 gram10 gram100 gramChange
Today Price₹6,284₹50,272₹62,840₹6,28,4000.0%
Yesterday Price₹6,284₹50,272₹62,840₹6,28,4000.0%

Best Places To Buy Gold In Belgaum

Belgaum is home to some of the finest goldsmiths in the country. Gold is an important part of the customs and almost each household here prides in the ownership of gold. Here is a list of some of the most popular and highly visited gold shops in Belgaum:

  1. Joyalukkas- Belgaum's top jewellery choices are found at Joyalukkas Jewellery. They take great delight in offering their clients a welcoming service. Numerous collections of necklaces, rings, bracelets, and earrings are available in the store. Their staff are professionals at designing costly stones, diamonds, and gold. Customers can purchase goods for a fair price. Each member of the team acts well and kindly toward the consumers.
  2. Potdar Brothers Jewellers- A renowned jeweller is Potdar Brothers Jewellers, noted for its gold, diamond, and platinum jewellery. They take great delight in offering customers a distinctive experience. The Indian Trade Board has awarded Potdar Jewellers a gold medal in this field. They also brag about being the third generation of government of India authorised valuers. They combine jewellery from the South and the North.
  3. M/S Prushottam Narayan Gadgil Saraf And Jewellers- One of Belgaum's well-known jewellers is M/s Prurshottam Narayan Gadgil Saraf And Jewellers. This store is renowned for producing a variety of jewellery styles. They offer a variety of selections for any event, including birthdays and wedding anniversaries. Customers claim that they have a big selection of both light and heavy jewellery, all of which are distinctive.
  4. Malabar Gold And Diamonds - In Belgaum, Malabar Gold and Diamonds is a well-known brand. The store is tastefully designed, and the magnificent patterns and collections are sure to keep customers coming back. Customers recommended this store due to its broad selection of goods, beautiful designs, and deals.
  5. NBFCs- Once can also purchase gold from NBFCs in Belgaum such as Belgaum Finance Centre, Karnataka, HDB Financial Services Ltd., Muthoot FinCorp etc.

Gold Rate / 10g in Belgaum for Last 10 Days

Date22 Carat Gold Price Today24 Carat Gold Price Today
28-Feb-2024₹57,600+0.0₹62,840
27-Feb-2024₹57,600+0.0₹62,840
26-Feb-2024₹57,600-100.0₹62,840
25-Feb-2024₹57,700+0.0₹62,950
24-Feb-2024₹57,700+200.0₹62,950
23-Feb-2024₹57,500-100.0₹62,730
22-Feb-2024₹57,600+4100.0₹62,740
21-Feb-2024₹53,500+0.0₹56,180
20-Feb-2024₹53,500-5000.0₹56,180

Historical Gold Rates in Belgaum

MonthsLowest Price (24 Carat) Gold rate/ 10gramHighest Price (24 Carat) Gold rate/ 10gram
Jul,2023₹60,480₹60,480
Feb,2024₹56,180₹63,820

Gold As An Investment

Gold has several benefits as a form of investment. Some of these benefits are mentioned below:

  1. Protect Assets Against Inflation- When making investments, you must take inflation into account as it may affect your returns. Gold investments offer protection from inflation. Inflation lowers the currency's ability to buy things. A negative real return on investment occurs when inflation in India exceeds interest rates on occasion.
  2. A Wide Range of Choices- You don't have to buy physical forms of gold only to invest in it. You might also choose to purchase gold online. In addition to physical and virtual investments, there are more asset classes that can be used to invest in gold. You can buy gold physically in a number of ways, such as jewellery, coins, and bars. If you wish to invest in gold online, your choices include digital gold, gold ETFs, and gold mutual funds.
  3. Aids In Portfolio Diversification- A varied portfolio lowers your investment risk. When developing your savings strategy, include things in your portfolio that are not closely related to one another. The overall risk and volatility of your portfolio are reduced when you invest in gold. When buying gold online in different formats, the security and purity concerns that come with buying real gold as an investment are removed.
  4. High Liquidity- The high liquidity of gold is another advantage of investing in it. Whether you buy gold physically or through an online investing account, selling it is straightforward. When you need money quickly, selling gold is simple; however, selling physical assets like real estate may be more challenging. Real gold and gold you hold digitally or through gold exchange-traded funds.

Things To Remember While Buying Gold In Belgaum

There are some significant points that one should keep in mind before making the purchase of gold such as:

  1. Machines vs. Man Made: In this era of mass manufacturing, it is usual to see jewellery that is made by machines. Because machine-made objects have lower production costs than those handcrafted by humans, mass-produced ornaments like these are less expensive. Having a conversation about the piece's provenance could help a buyer save some cash.
  2. Verify The Weight- Gold jewellery is typically sold by the gramme in India, with heavier pieces costing more. Gold jewellery frequently has precious stones like diamonds and emeralds added, which makes the piece heavier. When buying studded jewellery, it is crucial to keep in mind that jewellers weigh each item individually, which means that one can wind up paying for gold that isn't truly present.
  3. Time Period For Purchase - Gold buying peaks at particular times, which inevitably drives up gold prices. It would be wise to get gold jewellery in the off-season when costs are lower and there are many discounts available.
  4. Buybacks - Most jewellers provide the buy back option, which allows customers to trade in their old jewellery sets for new ones. Even while styles and fashions come and go, gold's worth never changes, so asking about buybacks when making a purchase could come in handy if you ever become tired of your jewellery.

Factors Which Affect The Price Of Gold In Belgaum

There are several factors that need to be looked into while making the purchase of gold. Some of the important factors are mentioned below:

  1. Public Gold Reserves - The central banks of the vast majority of major countries have both cash and gold reserves. Two outstanding examples of this are the Reserve Bank of India and the US Federal Reserve. As major central banks start to build up their gold holdings and increase their gold purchases, the price of gold rises. This is due to the market's rising cash flow and the falling supply of gold.
  2. Jewellery Industry- Gold jewellery is very well-liked in India. Gold jewellery maintains an unique position in Indian households, whether it is used for special occasions or birthdays. Gold prices increase throughout the wedding season as well as over major festivals like Diwali due to rising consumer demand. Pricing goes up when supply and demand are out of balance.
  3. Trends In Interest Rates- There is a close connection between the demand for gold and interest rates on financial products and services. In general, the present price of gold is a trustworthy predictor of changes in a country's interest rates. When interest rates rise, customers frequently sell gold to get cash, which increases the metal's availability and lowers its price.

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News and Articles

FAQs

  • How to check for the hallmarked 916 22 karats gold in Belgaum?

    The hallmark symbol can be looked for on the back of the gold ornament.

  • Do I need to pay tax on bringing gold into Belgaum from abroad?

    Yes, there are additional taxes applicable when carrying gold from abroad to Belgaum.

  • How to check the purity of gold in Belgaum?

    In order to check the purity, one has to see if the gold is 22 karats or 24 karats. 24 Karats indicates more level of purity than 22 Karats.

  • What is the difference between 22 karats and 24 karat gold?

    The main difference that lies between 22 karats and 24 karat is the level of purity. The percentage of purity in 22 karat is 92% pure whereas it is 99.9% for 24 karat gold.

  • How do you double-check your BIS hallmark in Belgaum?

    To double-check the BIS Hallmark in Belgaum or anywhere in India, you can use the HUID number.

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