Hutti dazzles as gold prices soar in world market
Hutti Gold Mines has reported significant financial gains due to soaring gold prices in the global market. The company's revenue increased by 42.23% in 2025-2026, reaching ₹1,910.62 crores, while net profit nearly doubled to ₹844.71 crores. Improved recovery grades and higher average selling prices contributed to this financial success.
- ▪Hutti Gold Mines earned ₹633.34 crores more in 2025-26 due to a 34.11% increase in average gold selling price.
- ▪The company produced 1,691.57 kgs of gold and reported a profit after tax of ₹844.71 crores.
- ▪The average selling price of gold for Hutti was ₹11,603 per gram, up from ₹7,645 per gram the previous year.
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Soaring price of gold in the world market alone has helped Hutti Gold Mines — the only functional gold mine in the country — earn a whopping ₹633.34 crores more in 2025-26, when the average gold selling price increased by 34.11%. The year also coincided with the highest average recovery grade with 2.61 grams of gold recovered per metric tonne of ore mined in the last five years.The average selling price of gold for The Hutti Gold Mines Company Ltd. — the State PSU at Hutti in Raichur district — during 2025-2026, was ₹11,603 per gram, an increase by ₹3,958 per gram over 2024-2025 when the average selling price was ₹7,645 per gram. Owing to geopolitical factors, the gold price in India has been fluctuating, and the retail gold price fluctuated between ₹12,000 and ₹15,000 per gram.
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