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.How much it producedThe company produced 1,691.57 kgs of gold, and earned a revenue of ₹ 1,910.62 crores by selling 1,521.36 kgs of gold, data shared by the company shows. The profit after tax was ₹ 844.71 crores.Hutti’s gold production meets less than 1% of India’s annual demand for gold that is estimated to be over 700 tonnes. The company also produced 145.76 kgs of silver as a byproduct of gold ore beneficiation process, and sold 131.59 kg at an average selling price of ₹1,58,750 per kg during the year.The spurt in the gold price has brought a windfall to the company as it saw its revenue increase by 42.23% and net profit nearly double over the previous year. The total revenue increased from ₹1,342.90 in 2024-2025 to ₹1,910.62 in 2025-2026. It also reported a 93.71% increase in net profit from ₹ 436.07 crores in 2024-2025 to ₹844.71 crores 2025-2026.