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  • Gold Rate In Bangalore Today

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    16 Oct 2018 ₹ 2,982 ₹ 23,856 ₹ 3,131 ₹ 25,048
    15 Oct 2018 ₹ 2,970 ₹ 23,760 ₹ 3,119 ₹ 24,952
    14 Oct 2018 ₹ 2,970 ₹ 23,760 ₹ 3,119 ₹ 24,952
    13 Oct 2018 ₹ 2,960 ₹ 23,680 ₹ 3,108 ₹ 24,864
    12 Oct 2018 ₹ 2,935 ₹ 23,480 ₹ 3,082 ₹ 24,656
    11 Oct 2018 ₹ 2,920 ₹ 23,360 ₹ 3,066 ₹ 24,528
    10 Oct 2018 ₹ 2,920 ₹ 23,360 ₹ 3,066 ₹ 24,528
    09 Oct 2018 ₹ 2,945 ₹ 23,560 ₹ 3,092 ₹ 24,736
    08 Oct 2018 ₹ 2,945 ₹ 23,560 ₹ 3,092 ₹ 24,736
    07 Oct 2018 ₹ 2,945 ₹ 23,560 ₹ 3,092 ₹ 24,736

    *Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

    Gold Rate in Bangalore

    Gold is a very popular commodity in Bangalore, and in India in general. Gold rates in Bangalore are decided by international trends. Gold prices are highly dynamic and are affected by a wide range of factors, from strength of the US Dollar to seasonal demand in the country. Gold is purchased in Bangalore primarily as jewelry and ornaments, following the trend of most of the country when it comes to gold usage.

    Gold is also traded as a commodity in exchanges such as Multi Commodity Exchange (MCX), National Commodity and Derivatives Exchange (NCDEX) and National Spot Exchange (NSEL). The contracts are available both as spot contracts where gold can be bought and delivered right away, and futures contracts wherein gold is bought and sold at a later date.

    Indians have a history of banking on gold more than the actual banks. Gold therefore also acts as an investment portfolio for consumers in Bangalore looking at stable and long term returns from the metal. There are many large and small gold dealers in Bangalore that are exclusively into precious metals and form the backbone of the local gold industry.

    Trend of Gold Rate in Bangalore for October 2018 (rates per gram of 24 karat gold)

    October 2018 - Week 1 (1 - 7):

    Parameters Gold price (per gram of 24 karat gold)
    October 1 Rate Rs.3,017 per gram
    October 7 Rate Rs.3,092 per gram
    Overall Weekly Performance Incline
    • The month began with gold trading at Rs.3,017 per gram, with local demand being poor due to the rising retail cost of gold.
    • As markets fell ahead of the Federal Reserve meeting, demand for safe-haven assets like bullion rose and gold prices rose to Rs.3,050 per gram on 3 October.
    • Prices continued to rise for the rest of the week, bolstered by growing market volatility and rising local demand.
    • Gold rose to Rs.3,061 per gram on 4 October as jewellers increased orders in spite of the falling rupee and a drop in retail sales.
    • The week ended with gold prices rising to Rs.3,092 per gram on 7 October to record an increase in price of Rs.74 during the week.

    Trend of Gold Rate in Bangalore for September 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    September 1 Rate Rs.2,984 per gram
    September 30 Rate Rs.3,017 per gram
    Highest Rate in September Rs.3,035 per gram on 26 September
    Lowest Rate in September Rs.2,972 per gram on 16 September
    Overall Monthly Performance Incline
    Percentage Change 1.10%
    Comparison for 24 K Gold Rates for Bangalore August 2018
    Graph for Gold Rate (24K) in Bangalore August 2018

    September 2018 - Week 1 (1 - 8):

    Parameters Gold price (per gram of 24 karat gold)
    September 1 Rate Rs.2,984 per gram
    September 8 Rate Rs.3,003 per gram
    Overall Weekly Performance Incline
    • Following trends were seen across other Indian cities, gold rates in Bangalore opened at Rs.2,984 per gram at the start of trading.
    • Prices dipped to Rs.2,972 per gram on 3 September as the rupee strengthened against the dollar and markets were stable, leading to lower demand for the metal.
    • Gold recovered to trade at Rs.2,982 per gram on 5 September as retail demand picked up in spite of a falling rupee.
    • Industrial demand for the metal was also on the upswing as fears of a global trade war led to greater demand for bullion.
    • Prices rose to Rs.3,007 per gram on 7 September as the dollar dropped on domestic political uncertainty, as overall demand was steady.
    • The week ended with gold falling marginally to Rs.3,003 per gram on 8 September.

    September 2018 - Week 2 (9 - 14):

    Parameters Gold price (per gram of 24 karat gold)
    September 9 Rate Rs.3,003 per gram
    September 14 Rate Rs.3,022 per gram
    Overall Weekly Performance Incline
    • Steady demand and a falling rupee resulted in gold prices in Bangalore rising over the course of the second week of September.
    • The precious metal opened the week at Rs.3,003 per gram, with the price remaining unchanged for a few days.
    • Fluctuating demand from overseas and a boost to the euro helped gold rise to Rs.3,008 per gram on 12 September.
    • As the dollar recovered and rose against the rupee, gold imports became cheaper and demand rose.
    • Gold rose to Rs.3,022 per gram on 13 September as fears of a trade war led to higher interest in gold, with prices remaining constant as the week ended the next day.

    September 2018 - Week 3 (15 - 22):

    Parameters Gold price (per gram of 24 karat gold)
    September 15 Rate Rs.3,014 per gram
    September 22 Rate Rs.3,026 per gram
    Overall Weekly Performance Incline
    • Gold prices in Bangalore rose over the course of the week in spite of fluctuations due to poor local retail demand.
    • The precious metal was priced at Rs.3,014 per gram on 15 September, with prices falling as retail demand was sluggish due to the rising price.
    • The ongoing trade tensions between China and the U.S. led to a rise in demand for safe-haven assets like bullion, but local prices instead fell to Rs.3,008 per gram on 16 September.
    • There was a sharp rise in price as gold traded at Rs.3,022 per gram on 18 September following a steep fall across markets and currencies.
    • Favourable market conditions led to a rise in orders for the yellow metal, which saw gold trade at Rs.3,035 per gram on 20 September.
    • Prices fell marginally as the week ended, as gold traded at Rs.3,026 per gram on 22 September.

    September 2018 - Week 4 (23 - 30):

    Parameters Gold price (per gram of 24 karat gold)
    September 23 Rate Rs.3,019 per gram
    September 30 Rate Rs.3,017 per gram
    Overall Weekly Performance Decline
    • Demand for gold in the I.T. capital of the country saw the precious metal’s value fall slightly due to conflicting market cues and flagging demand.
    • The week began with gold priced at Rs.3,019 per gram on 23 September before prices rose to Rs.3,022 per gram on 25 September on positive trading.
    • The falling dollar rate and growing retail demand capped gold gains, but prices remained steady in spite of conflicting cues.
    • Gold rose to Rs.3,035 per gram on 26 September as investors looked to bullion as a safe haven asset as markets were volatile.
    • The trade crisis and the fluctuating dollar rate impacted gold demand, but local demand fell as the week progressed.
    • Prices dropped sharply to Rs.3,017 per gram on 30 September as demand dropped after interest rates were raised.

    Trend of Gold Rate in Bangalore for August 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    August 1 Rate Rs.2,935 per gram
    August 31 Rate Rs.2,959 per gram
    Highest Rate in August Rs.2,964 per gram on 28 and 29 August
    Lowest Rate in August Rs.2,970 per gram on 16 August
    Overall Monthly Performance Incline
    Percentage Change 0.81%
    Comparison for 24 K Gold Rates for Bangalore July 2018
    Graph for Gold Rate (24K) in Bangalore July 2018

    August 2018 - Week 1 (1 - 5):

    Parameters Gold price (per gram of 24 karat gold)
    August 1 Rate Rs.2,935 per gram
    August 5 Rate Rs.2,914 per gram
    Overall Weekly Performance Decline
    • The first week of August saw a decline in the price of gold in the I.T. capital of the country, in line with trends seen across other Indian cities.
    • Gold opened at Rs.2,935 per gram as the gold rate in Bangalore was also influenced by the rapid rise in the dollar rate, which lowered retail demand for gold in the city.
    • The release of the Federal Reserve report on the U.S. economy bolstered the dollar, as gold prices fell on reduced industrial offtake.
    • The end of the week saw a minor rise in the value of gold, as the precious metal traded at Rs.2,914 per gram to record a Rs.21 loss in value over the course of the week.

    August 2018 - Week 2 (6 - 12):

    Parameters Gold price (per gram of 24 karat gold)
    August 6 Rate Rs.2,914 per gram
    August 12 Rate Rs.2,919 per gram
    Overall Weekly Performance Incline
    • Gold prices in Bangalore increased in demand during the second week of August as the dollar stabilised during this time.
    • The gold rate in Bangalore stood at Rs.2,914 per gram on 6 August, as the dollar weakened during this period.
    • The dollar then increased to a 13 month high on 10 August  which had an effect on the gold rates in Bangalore.
    • Gold rate in Bangalore then shot up to Rs.2,919 per gram on 12 August. During this time, European banks were exposed to Turkey, which in turn led to the strengthening of the dollar.
    • The week ended with an incline trend in Gold rates in Bangalore. At the end of the week ending 12 August, gold rate in Bangalore stood at Rs.2,919 per gram.

    August 2018 - Week 3 (13 - 19):

    Parameters Gold price (per gram of 24 karat gold)
    August 13 Rate Rs.2,919 per gram
    August 19 Rate Rs.2,898 per gram
    Overall Weekly Performance Decline
    • The gold price in Bangalore during the third week of August stooped as dollar rates hit a near 13-month high.
    • On 13 August, the gold price in Bangalore stood at Rs.2,919 per gram. During the same period, the dollar value was on a rise.
    • The gold price then stabilised for a few days after which it declined marginally towards the end of the week.
    • At the end of Week 3, the gold rate in Bangalore declined in comparison to the former part of the week. The price of the metal on 19 August stood at Rs.2,898 per gram. This was during the same period when US - China trade talks were in place.
    • Week 3 ended with the metal priced at Rs.2,898 per gram, and showed a declining trend for the week ending 19 August.

    August 2018 - Week 4 (20 - 26):

    Parameters Gold price (per gram of 24 karat gold)
    August 20 Rate Rs.2,898 per gram
    August 26 Rate Rs.2,914 per gram
    Overall Weekly Performance Incline
    • Gold in Bangalore was recorded trading at Rs.2,898 per gram on the 20th as trading commenced for the week at the domestic level.
    • Prices remained untouched at Rs.2,898 per gram on the 21st before surging to Rs.2,909 per gram on the 22nd on account of an increased buying from local jewellers and retailers.
    • Strong domestic demand coupled with firm overseas market trends led to gold rate in Bangalore surging further to Rs.2,919 per gram on the 23rd.
    • With the US dollar recovering over the next couple of days, demand for the metal stabilised and gold price in Bangalore stabilised at Rs.2,914 per gram on the 24th.
    • The week concluded with gold rate in Bangalore finishing at Rs.2,914 per gram on the 26th, thanks to steady demand from local jewellers, retailers and industries.

    August 2018 Week 5 (27 - 31):

    Parameters Gold price (per gram of 24 karat gold)
    August 27 Rate Rs.2,914 per gram
    August 31 Rate Rs.2,959 per gram
    Overall Weekly Performance Incline
    • Gold prices in Bangalore saw sharp increases in the last week of August as positive market trends as well as seasonal demand bolstered prices.
    • The precious metal opened the week at Rs.2,914 per gram on 27 August, remaining unchanged from the previous week as overseas demand was weak.
    • The announcement of a slower pace of interest rate hikes negatively affected the dollar, as stock markets also fell sharply.
    • Interest in gold rose sharply as the metal traded at Rs.2,964 per gram on 28 August on increased orders across sectors.
    • Prices fell marginally as the week drew to a close, with gold trading at Rs.2,959 per gram on 31 August.

    Trend of Gold Rate in Bangalore for July 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    July 1 Rate Rs.2,993 per gram
    July 31 Rate Rs.2,940 per gram
    Highest Rate in July Rs.3,014 per gram on 6, 9 and 10 July
    Lowest Rate in July Rs.2,940 per gram on 25, 28 and 31 July
    Overall Monthly Performance Decline
    Percentage Change -1.77%
    Comparison for 24 K Gold Rates for Bangalore June 2018
    Graph for Gold Rate (24K) in Bangalore June 2018

    July 2018 - Week 1 (1 - 7):

    Parameters Gold price (per gram of 24 karat gold)
    July 1 Rate Rs.2,993 per gram
    July 7 Rate Rs.3,014 per gram
    Overall Weekly Performance Incline
    • In Bangalore, gold trading opened for the week with the metal opening at Rs.2,993 per gram.
    • Rates continued to hold steady for the next two days as demand for the metal was on the steadier side.
    • On the 2nd and the 3rd, gold was priced at Rs.2,993 per gram before dropping to Rs.2,982 per gram on the 4th of the month as a strong dollar pushed demand down,
    • The 5th saw gold rate in Bangalore rise to Rs.3,008 per gram after cues improved owing to a declining dollar and stock market.
    • Rates were steady on the 6th as well and the metal traded at Rs.3,008 per gram on the day before rising to Rs.3,014 per gram on the final day due to a strong rise in local demand.

    July 2018 - Week 2 (8 - 14):

    Parameters Gold price (per gram of 24 karat gold)
    July 8 Rate Rs.3,008 per gram
    July 14 Rate Rs.2,972 per gram
    Overall Weekly Performance Decline
    • The week saw gold rate in Bangalore fluctuating with uneven market trends overseas causing demand vagaries at the domestic level.
    • Gold was priced at Rs.3,008 per gram on the 8th when the week began with steady local demand amid favourable market cues.
    • Prices remained unaltered at Rs.3,008 per gram the next day before a drop in the dollar value brought about by the rising US-Chinese trade war concerns led to gold rates surging to Rs.3,014 per gram on the 10th.
    • Gold continued trading at the same rate the next day before dropping to Rs.3,003 per gram on the 12th as the US dollar regaining lost ground against a basket of other emerging currencies at the international level.
    • With the US threatening to impose additional tariffs on Chinese imports, the greenback surged against the yuan. This led to investor demand dropping towards the end of the week.
    • Trading concluded for the week with todays gold rate in Bangalore holding at Rs.2,972 per gram with poor domestic demand from local industries, jewellers and retailers amid the weak global cues.

    July 2018 - Week 3 (15 - 22):

    Parameters Gold price (per gram of 24 karat gold)
    July 15 Rate Rs.2,972 per gram
    July 22 Rate Rs.2,956 per gram
    Overall Weekly Performance Decline
    • Gold was priced at Rs.2,972 per gram in Bangalore when the week began. This was the same the previous day as well, as demand was steady.
    • On the 16th, gold rates in Bangalore went up to Rs.2,972 per gram as local demand improved ahead of increased sales before continuing at this rate on the 17th as well.
    • However, as a strong dollar kept pushing gold sales down everywhere in the country and the world, gold rate in Bangalore also dropped - to Rs.2,966 per gram on the 18th.
    • The 19th recorded a much bigger price decrease - with the metal trading at Rs.2,940 per gram - a significant Rs.26 per gram decline as demand dropped considerably after Fed interest rate hikes were discussed.
    • After cues improved amidst Donald Trump’s statements regarding the Fed policy, gold rates went up to Rs.2,942 per gram on the 20th and then to Rs.2,945 per gram the subsequent day.
    • When the week came to a halt, gold was seen trading at a further improved rate of Rs.2,956 per gram.

    July 2018 Week 4 (22 - 31):

    Parameters Gold price (per gram of 24 karat gold)
    July 22 Rate Rs.2,956 per gram
    July 31 Rate Rs.2,940 per gram
    Overall Weekly Performance Decline
    • Gold rates in Bangalore, the I.T. capital of India, showed little signs of fluctuation, but prices remained low due to prevalent trends.
    • The precious metal was priced at Rs.2,956 per gram on 22 July, with prices rising marginally on increased retail demand.
    • Overseas demand for gold was on the decline as the dollar continued to dominate global currency markets in spite of trade war fears.
    • The continued trade tensions with China coupled with the high dollar rate saw investors stay away from gold, which fell to Rs.2,945 per gram on 26 July.
    • Gold prices in Bangalore rose briefly during the week before prices fell due to declining demand, as gold prices closed the month trading at Rs.2,940 per gram.

    Trend of Gold Rate in Bangalore for June 2018 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    June 1 Rate Rs.3,045 per gram
    June 30 Rate Rs.2,998 per gram
    Highest Rate in June Rs.3,101 per gram on 14 June
    Lowest Rate in June Rs.2,998 per gram on 30 June
    Overall Monthly Performance Decline
    Percentage Change -1.54%
    Comparison for 24 K Gold Rates for Bangalore May 2018
    Graph for Gold Rate (24K) in Bangalore May 2018

    June 2018 - Week 1 (1st - 10th)

    • Gold rates in Bangalore was on the consistent side for the first three days before changing considerably over the next few.
    • When the week began on the 1st of June, gold was priced at Rs.3,045 per gram. Due to a steady local demand, the precious metal continued to trade at Rs.3,045 per gram over the next two days as well.
    • As cues from the global markets was rather weak ahead of the strong US jobs data and the subsequent rise in the markets and the US dollar, gold rates dropped.
    • On the 5th, gold rates in Bangalore dropped to Rs.3,029 per gram before continuing at this rate on the 6th and the 7th as well.
    • Bullion demand began to pick up from the 8th onwards as the G7 summit involving all the major economies of the country didn’t endure a good time.
    • After US President Donald Trump caused a massive furore on how the trade deal is weak, markets crashed and safe haven demand surged.
    • On the 8th, the metal traded at Rs.3,035 per gram before rising considerably to Rs.3,056 per gram as the aftermath of the summit began to ripple.
    • The week came to an end with the metal still trading at Rs.3,056 per gram.

    June 2018- Week 2 (11th-17th)

    • Gold prices in Banglore fluctuated over the course of the week as demand was heavily influenced by geopolitical situations.
    • The yellow metal traded at Rs.3,045 per gram on 11 June as prices fell on poor overseas demand.
    • The upcoming summit between Trump and Kim in Singapore led to lower demand for gold overseas, though local demand held steady.
    • Gold prices jumped to Rs.3,101 per gram on 13 June as the dollar plunged on renewed fears of a global trade war due to fresh tariffs imposed by the U.S. on Chinese goods.
    • Prices fluctuated over the next few days as the dollar was volatile due to conflicting cues.
    • Gold fell to Rs.3,056 per gram on 14 June as an impending rate hike led to a rise in the dollar rate and equity performance.
    • Prices continued to drop as the week progressed, with gold trading at Rs.3,045 per gram on 16 & 17 June.

    June 2018 - Week 3 (18th - 24th)

    • Trading began for the week with gold prices in Bangalore holding at Rs.3,045 per gram on the 18th after a poor trend overseas led to rates dropping considerably over the weekend.
    • Gold rates dropped to Rs.3,035 per gram on the 19th and continued trading at the same rate the next day with global investor demand held in check by the rising dollar and equities.
    • The 21st saw gold prices plunging further to Rs.3,024 per gram with the bullion recorded near six-month lows at the international level.
    • Though rates rebounded to Rs.3,040 per gram on the 22nd, the strengthening US dollar index coupled with the well-performing US stock markets led to gold prices plummeting to Rs.3,008 per gram - a decline of Rs.16 - on the 23rd.
    • The week came to an end with the yellow metal finishing at Rs.3,008 per gram the 24th with subdued but steady demand from local industries, jewellers and retailers.

    June 2018 - Week 4 (25th - 30th)

    • In silicon city Bangalore, gold was priced at Rs.3,008 per gram when the fourth week of June opened for trading in Bangalore.
    • With cues remaining positive, gold investors began to invest in the metal more. This caused gold rates to go up to Rs.3,014 per gram on the 26th of the month.
    • On the 27th, prices went up to Rs.3,034 per gram after demand surged owing to a weakened dollar and a subsequent rise in local demand.
    • The 28th saw demand plummet, bringing gold rates down to Rs.3,014 per gram - a Rs.20 decline - as local demand dropped after the US dollar rose and affected gold trading worldwide.
    • On the 29th, gold rates in Bangalore continued to hold at Rs.3,014 per gram before dropping to Rs.2,993 per gram on the final day as the dollar surged against other currencies.

    Trend of Gold Rate in Bangalore for May 2018 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    May 1 Rate Rs.3,060 per gram
    May 31 Rate Rs.3,061 per gram
    Highest Rate in May Rs.3,103 per gram on 14 May
    Lowest Rate in May Rs.3,045 per gram on 4 and 22 May
    Overall Monthly Performance Incline
    Percentage Change 0.03%
    Comparison for 24 K Gold Rates for Bangalore April 2018
    Graph for Gold Rate (24K) in Bangalore April 2018

    May 2018 - Week 1 (1st - 6th)

    • The week commenced with the bullion trading at Rs.3,060 per gram on the 1st in Bangalore. The decline in prices was brought about the strengthened US dollar hovering near its three-month high in the international market.
    • The dollar rose further against a basket of currencies ahead of the two-day Federal Reserve monetary policy meeting. This led to gold rates in Bangalore plunging to Rs.3,056 per gram on the 3rd.
    • However, the Federal Reserve’s decision to gradually increase the interest rates led to the dollar weakening in the global trade. This led to gold prices improving over the next few days.
    • The week ended with gold price in Banaglore holding at Rs.3,071 per gram on the 6th as the dollar weakened amid rising geopolitical concerns.

    May 2018 - Week 2 (7th - 13th)

    • Silicon city, Bangalore, bore witness to considerable fluctuations in gold prices this week. Rates increased and decreased over the first four days before rising over the next three.
    • When the week began on the 7th, the precious metal was priced at Rs.3,077 per gram.
    • This then rose to Rs.3,082 per gram due to increased buying but fell back to Rs.3,077 per gram on the 8th as the US dollar surged ahead of positive treasury yields.
    • A rise in local demand pushed prices in Bangalore up to Rs.3,082 per gram on the 9th. The previous day’s incline was helped by a poor inflation data in the US.
    • Gold traded at a much improved rate of Rs.3,087 per gram on the 11th before recording a Rs.16 jump to sell at Rs.3,103 per gram.
    • On the final day of this week, gold traded at Rs.3,103 per gram.

    May 2018 - Week 3 (14th - 20th)

    • Gold prices in Bangalore were recorded holding at Rs.3,103 per gram on the 14th, when the week began amid positive overseas cues.
    • However, the recovering US dollar coupled with strongly performing equity markets led to gold prices plunging over the next couple days.
    • The precious metal was priced at Rs.3,092 per gram on the 15th before plunging to Rs.3,087 per gram on the 16th amid the poor trend overseas.
    • Demand declined further with the US dollar holding onto its gains over during the week and gold was recorded trading at Rs.3,060 per gram on the 17th.
    • The 18th saw bullion rates plummeting to Rs.3,087 per gram before plunging further to Rs.3,050 per gram towards the end of the week after the strengthening US dollar coupled with rising equities resulted in declining demand at the domestic front.

    May 2018 - Week 4 (21st - 27th)

    • In Bangalore, gold opened at a relatively strong rate of Rs.3,050 per gram. Due to a drop in demand ahead of a strong dollar, gold rates dropped to Rs.3,045 per gram on the 22nd.
    • The fall happened because of a poor local demand despite a positive trend in other major cities in the country.
    • On the 23rd, gold rates in Bangalore went up to Rs.3,060 per gram - a Rs.15 increase compared to the previous day.
    • A reason was this was the decline of the US dollar after the Fed minutes were made public and stock markets are plummeted.
    • Local demand also surged over the next two days and gold began to trade at Rs.3,066 per gram on the 24th and then at Rs.3,067 per gram on the 25th.
    • The 26th again saw gold rates in Bengaluru rise to Rs.3,087 per gram before dropping to Rs.3,077 per gram on the final day of the month.

    May 2018 - Week 5 (28th - 31st)

    • Gold trading opened in Bangalore with rates holding firm at Rs.3,077 per gram on the 28th with consistent demand from domestic industries.
    • However, with the US dollar gaining against a basket of other apex currencies, gold rates dropped to Rs.3,061 per gram on the 29th.
    • Steady domestic demand despite the weak trends overseas led to gold being priced at Rs.3,061 per gram the next day.
    • The month came to an end with the yellow metal trading at Rs.3,061 per gram amid weak global cues.
    • Gold rates in Bangalore rose by 0.03% due to the firm market trends that resulted in steady local demand for much of the month.

    Trend of Gold Rate in Bangalore for April 2018 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    April 1 Rate Rs.3,019 per gram
    April 30 Rate Rs.3,077 per gram
    Highest Rate in April Rs.3,098 per gram on 19 and 20 April
    Lowest Rate in April Rs.3,005 per gram on 7 April
    Overall Monthly Performance Incline
    Percentage Change 1.92%
    Comparison for 24 K Gold Rates for Bangalore March 2018
    Graph for Gold Rate (24K) in Bangalore March 2018

    April 2018- Week 1 (1st-7th)

    • Demand for gold in Bangalore was more or consistent in the first week of April, with prices rising towards the middle of the week due to sharp falls in the dollar rate.
    • Gold rate in Bangalore was priced at Rs.3,019 per gram on 1 April, with prices remaining unchanged the following day thanks to steady demand.
    • The escalation of tensions between the United States and China over trade tariffs led to markets falling as investors turned to gold as a safe-haven asset.
    • The precious metal traded at Rs.3,029 per gram on 3 April on strong global demand, as regional demand also saw an increase due to favourable market conditions.
    • Gold price in Bangalore dipped to Rs.3,019 per gram the following day as the dollar recovered after the release of positive U.S. non-farms data, with local retail demand also dropping.
    • The steady rise of the dollar saw demand for gold plunge further as the metal traded at Rs.3,008 per gram on 6 April in spite of turbulent stock markets and the renewal of tensions with China.
    • The end of the week saw some respite for gold as the metal’s price rose to Rs.3,019 per gram on 7 April after a late rally resulted in renewed interest in the asset.

    April 2018- Week 2 (8th -15th)

    • In Bangalore, gold prices were slow as the week began but rose towards the end of the week after markets weakened amis Syrian airstrikes.
    • On the 8th, gold was priced at Rs.3,019 per gram. This dropped to Rs.3,014 per gram as markets awaited a strong response from Chinese President Xi Jinping over the trade war between the US and China.
    • The 10th saw gold rates continue at Rs.3,014 per gram as bullion investors were wary of the Fed Reserve rate hike scenario.
    • Local demand surged on the 11th to push gold prices up to Rs.3,040 per gram - a Rs.21 gain in a day.
    • This surged to Rs.3,069 per gram on the 12th as news suggested that the US is likely to carry out joint attacks against the oppressive Syrian regime.
    • Prices dropped on the 14th as panic buying cooled off and gold traded at R.3,061 per gram. The week ended with gold continuing to trade at Rs.3,061 per gram.

    April 2018 - Week 3 (16th - 22nd)

    • Gold prices in Bangalore were recorded holding at Rs.3,061 per gram on the 16th with steady demand from domestic jewellers and retailers amid firm overseas trends.
    • The 17th witnessed prices surging to Rs.3,066 per gram as the bullion capitalised the losing US dollar and equity markets.
    • Price rose to Rs.3,071 per gram the next day before surging to Rs.3,098 per gram on the 19th after the US dollar index lost against other apex currencies amid inflationary concerns caused by the well-performing bullion.
    • Steady demand coupled with strong global cues resulted in rates remaining untouched at Rs.3,098 per gram on the 20th.
    • However, with political tensions in Syria and the Korean Peninsula receding, gold rates dropped to Rs.3,087 per gram on the 21st.
    • Thanks to strong demand by jewellers and retailers amid the local wedding season, gold prices rebounded to Rs.3,092 per gram on the the 22nd.

    April 2018 - Week 4 (23rd - 30th):

    • Gold price in Bangalore didn’t witness too much of a change in Bangalore, owing to a low yet steady demand for the precious metal.
    • On the 23rd, when the week began, gold was priced at Rs.3,092 per gram - the same as the previous day’s rates.
    • However, demand dropped in Bangalore as the same happened all over the country. Gold traded at Rs.3,077 per gram - a Rs.15 less than the previous day.
    • From the 25th to the 27th, gold continued to trade at Rs.3,077 per gram as demand from local investors didn’t see any change.
    • During the 28th, though, there was a Rs.6 fall in prices and gold was selling at Rs.3,071 per gram over the course of this day.
    • When the week and month came to an end, gold rate in Bangalore were recorded at Rs.3,077 per gram.

    Trend of Gold Rate in Bangalore for March 2018 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold Rate on 1st March 2018 Rs.3,014 per gram
    Gold Rate on 31st March 2018 Rs.3,019 per gram
    Highest Rate in March Rs.3,045 per gram on 25, 26, 28 and 29 March
    Lowest Rate in March Rs.2,977 per gram on 19 March
    Overall Monthly Performance Incline
    Percentage Change 0.16%
    Comparison for 24 K Gold Rates for Bangalore February 2018
    Graph for Gold Rate (24K) in Bangalore February 2018

    March 2018 - Week 1 (1 - 5):

    • Gold was priced at Rs.2,987 per gram on 1 March in Bangalore as demand was consistent after a period of turbulence due to the possibility of an interest rate hike.
    • Gold price in Bangalore rose steadily due to the jittery equity markets, which took a nosedive after the surprise announcement of import tariffs on aluminium and steel by Donald Trump.
    • Gold rose to Rs.3,003 per gram on 3 March as local demand was also on a stable footing due to international trends.
    • Gold rate in Bangalore rose to Rs.3,008 per gram on 5 March, with a late rally by the metal resulting in a gain by gold at the end of the week.

    March 2018 - Week 2 (5-11):

    • In SIlicon city, Bangalore, gold opened at Rs.3,008 per gram for the second week of March.
    • While gold rates fell in other major cities in India, they held on at Rs.3,008 per gram on the second day of the week, i.e., the 6th of March.
    • With demand worldwide rising as a trade war loomed, gold rates in Bangalore also increased. On the 7th of the month, the metal traded at Rs.3,019 per gram.
    • The 8th saw gold rates dropped to 3,008 as investor demand fell as they exercised cautious while waiting for the wage data.
    • Gold prices dropped on the 9th of March to Rs.2,993 per gram as local demand failed to pick up despite evidence for the contrary in the global market.
    • A brief rise in prices was seen on the 10th when the metal traded at Rs.2,993 per gram before holding on at this rate for the last day of this week.

    March 2018 - Week 3 (12 - 18):

    • When trading began in Bangalore, gold was recorded trading at Rs.2,998 per gram on the 12th with steady domestic demand for the meal following firm trends from the previous week.
    • However, with the US dollar gaining against a basket of other emerging currencies ahead of the US consumer price data report, gold rate in Bengaluru plunged to Rs.2,987 per gram on the 13th.
    • Prices remained unaltered at Rs.2,987 per gram on the 14th before surging to Rs.3,003 per gram on the 15th. The rise in prices was due to the dollar losing ground after the abrupt dismissal of Rex Tillerson, the US Secretary of State by the White House.
    • However, with markets refraining from making purchases amid expectations that the Federal Reserve is likely to raise their interest rates for the first time next week, gold rates plummeted to Rs.2,982 per gram on the 16th.
    • The rest of the week saw gold rates in Bangalore holding firm at Rs.2,982 per gram with tepid demand for the metal amid the weak trends overseas.

    March 2018 - Week 4 (19 - 25):

    • The continued political turmoil in U.S. politics coupled with the imposition of trade tariffs led to a weak dollar and an increase in demand for gold.
    • Gold rate in Bengaluru was at Rs.2,977 per gram on 19 March before prices jumped to Rs.2,993 per gram on 20 March due to increased retail demand.
    • Markets in the U.S. awaited news of the Fed meeting, which led to jittery investors turning to gold as a hedge against equity assets and resulted in increased overseas demand for the metal.
    • Gold price in Bengaluru reached Rs.3,014 per gram on 22 March as apprehension over possible trade wars led to equity markets sinking.
    • Gold continued to climb for the rest of the week, trading at Rs.3,045 per gram as the week ended on 25 March.

    March 2018 - Week 5 (26 - 31):

    • The last week commenced in Bangalore with gold prices holding steady at Rs.3,045 per gram on the 26th following strong trends from the previous week.
    • However, with the US-China trade war concerns being put down after negotiations between the nations, the US dollar index strengthened. This led to gold rates dropping to Rs.3,040 per kg on the 27th.
    • Prices rebounded to Rs.3,045 per kg on the 28th after the ongoing US-Russian spat led to an increase in safe-haven demand for the bullion around the world.
    • Thanks to steady demand amid the positive trend overseas gold continued trading at Rs.3,045 per gram on the 29th as well.
    • The 30th, however, saw gold rate in Bangalore plunging to Rs.3,014 per gram after the US dollar regained ground from the previous days’ losses in the international market.
    • The week concluded with gold finishing slightly higher at Rs.3,019 per gram on the 31st owing to a marginal increase in demand from local jewellers, retailers and industries.

    Trend of Gold Rate in Bangalore for February 2018 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold rate on 1st February 2018 Rs.2,998 per gram
    Gold rate on 28th February 2018 Rs.3,014 per gram
    Highest Rate in February Rs.3,031 per gram on 19 February
    Lowest Rate in February Rs.2,951 per gram on 8 January
    Overall Monthly Performance Incline
    Percentage Change 0.53%
    Comparison for 24 K Gold Rates for Bangalore January 2018
    Graph for Gold Rate (24K) in Bangalore January 2018

    February 2018 - Week 1 (1st - 4th)

    • In Bangalore, gold was priced at Rs.2,998 per gram on the 1st when the week began with steady domestic demand from the previous week.
    • The 2nd witnessed gold price in Bangalore surging to Rs.3,019 per gram with demand picking up amid the positive trend overseas.
    • Demand, however, dropped with the US employment data release implying more jobs and wages during the year. This led to gold rate in Bangalore plunging to Rs.2,993 per gram on the 3rd.
    • Steady domestic demand coupled with firm trends overseas led to gold rates holding at Rs.2,993 per gram for the remainder of the week.

    February 2018 - Week 2 (5th -11th)

    • Gold prices in Bangalore fluctuated quite a bit due to uneven demand from local investors.
    • When the week began, gold was priced at Rs.2,993 per gram. This rose to Rs.3,014 per gram on the 6th as demand surged after safe-haven demand increased worldwide.
    • The 7th, however, saw gold prices fall to Rs.2,979 per gram as the dollar bounced back and gold demand retreated.
    • On the 8th, gold rate in Bangalore went down further to Rs.2,951 per gram as USD continued to gain against other currencies.
    • Local demand increased and gold rate in Bangalore went up to Rs.2,962 per gram on the 9th of February.
    • For the remaining two days gold traded at Rs.2,962 per gram, thanks to steady demand from local circles.

    February 2018 - Week 3 (12th - 18th)

    • Gold trade in Bangalore saw prices rising significantly with the US dollar and equities taking a hit amid the US inflation data release during the course of the week.
    • The yellow metal was priced Rs.2,972 per gram on the 12th when the week began amid the weakening US dollar.
    • Steady domestic demand amid the firm trend overseas resulted in gold rate in Bangalore holding steady at Rs.2,972 per gram on the next day.
    • With investors and stockist watching for the inflation data for clues on the intensity of the interest rate hikes, gold price in Bangalore surged to Rs.2,988 per gram on the 14th.
    • The 15th witnessed gold rates in Bangalore surging to Rs.3,017 per gram with the precious metal prices hitting one-week highs after the stronger-than-expected inflation data resulted in the dollar losing against a basket of other emerging currencies.
    • Steady demand coupled with strong trends overseas led to gold prices holding firm at Rs.3,017 per gram on the 16th.
    • A rise in demand for the metal by investors in order to hedge against the inflation resulted in the bullion prices rising further to Rs.3,026 per gram on the 17th.
    • The week concluded with the yellow metal prices trading steady at Rs.3,026 per gram amid positive trends overseas.

    February 2018 - Week 4 (19th - 25th)

    • Gold opened strongly in Bangalore, trading at a price of Rs.3,031 per gram on the 19th of February.
    • As gold rates fell around the world due to a strong dollar performance, gold rate in Bangalore also took a hit. This led to gold trade at Rs.3,014 per gram on the 20th of February.
    • The next two days, however, saw gold remain at Rs.3,014 per gram, thanks to a steady local demand. This happened despite the consistent rise in dollar value.
    • On the 23rd, gold rates took a much bigger hit - falling to Rs.2,998 per gram - as markets awaited the minutes from the recently held Fed Reserve meeting.
    • Domestic demand bounced back after the minutes was released and gold rate in Bangalore surged to Rs.3,008 per gram on the 24th of February.
    • The week ended with gold still trading at Rs.3,008 per gram, thanks to steady demand from local investors.

    February 2018 - Week 5 (26th - 28th)

    • The last week in Bangalore saw gold rates surging amid the weakening dollar and equity markets during the week.
    • On the 26th, the precious metal was recorded trading at Rs.3,008 per gram with the bullion recovering from its worst week in two and half months.
    • Gold price in Bengaluru surged to Rs.3,014 per gram on the 27th with the dollar losing against a basket of other major currencies ahead of Fed Chairman’s congressional speech during the week.
    • Trading concluded for the month with rates holding steady at Rs.3,014 per gram on the 28th and Bangalore recorded an incline of 0.53% in gold trade during the course of the month.

    Trend of Gold Rate in Bangalore for January 2018 (rates per gram for 24 karat gold)

    Parameters Gold price (24 karat)
    Gold Rate on 1st January 2018 Rs.2,941 per gram
    Gold Rate on 31st January 2018 Rs.2,998 per gram
    Highest Rate in January Rs.2,941 per gram on 1 January
    Lowest Rate in January Rs.3,020 per gram on 16 January
    Overall Monthly Performance Incline
    Percentage Change 1.93%
    Comparison for 24 K Gold Rates for Bangalore December 2017
    Graph for Gold Rate (24K) in Bangalore December 2017

    January 2018 - Week 1 (1st - 7th)

    • When trading began for the new year in Bangalore, gold was priced at Rs.2,941 per gram.
    • This then rose to Rs.2,953 per gram on the 2nd of the month. According to reports, “today’s gold rate” rose because of positive cues from the global market, amidst a weak dollar.
    • The 3rd again saw gold trade at Rs.2,953 per gram, before dropping down to Rs.2,947 per gram on the 4th.
    • With the US dollar losing its standing in the index, gold rate in Bangalore pushed up to Rs.2,966 per gram on the 5th of January.
    • But, a slight decline on the 6th led to gold price in Bangalore going down to Rs.2,963 per gram.
    • When the week ended, the yellow metal was seen trading at Rs.2,963 per gram.

    January 2018 - Week 2 (8th - 14th)

    • When trading commenced for the second week, gold rate in Bangalore were recorded trading at Rs.2,963 per gram on the 8th owing to a steady demand from the previous week.
    • Gold price in Bangalore surged to Rs.2,969 per gram on the 9th amid a positive trend overseas before plunging down to Rs.2,958 per gram the following day with the equities market performing well amid the strong US dollar index.
    • On the 11th, the dollar lost its ground against a basket of other emerging currencies and the precious metal was recorded trading at Rs.2,976 per gram.
    • Gold prices surged further to Rs.2,988 per gram on the 12th before stabilising at Rs.3,000 per gram- the highest in seven weeks - on the 13th amid the strong global trends.
    • Positive overseas cues coupled with increased demand for metal from industries and jewellers led to gold prices holding steady at Rs.3,000 per gram when the week ended on the 14th.

    January 2018 - Week 3 (15th - 21st)

    • Gold opened on a weak note in Bengaluru when the week began. It was priced at Rs.3,000 per gram before rising significantly to trade at Rs.3,024 per gram the next day.
    • Demand to subside as the week progressed and the yellow metal was seen selling at RS.3,020 per gram on the 17th of January.
    • With the US dollar mounting a comeback against other currencies, gold rate in Bengaluru dropped to Rs.3,004 per gram on the 18th.
    • Thanks to a declining US dollar amid concerns over the government shutting down, gold prices in Bengaluru fell to Rs.3,007 per gram on the 19th of the month.
    • Once the US government shut down, gold rate inclined to Rs.3,019 per gram on the 20th of January and remained unchanged till the closing hours of the week.

    January 2018 - Week 4 (22nd - 28th)

    • In Bengaluru, gold was trading at Rs.2,961 per gram when the week began.
    • Following the trends seen in most other major cities, gold rate in Bengaluru increased to Rs.2,970 per gram on the 23rd of January.
    • As demand from jewellers increased, rates went up again on the 24th for the metal to trade at Rs.2,977 per gram on the 24th.
    • The 26th recorded a Rs.31 increase in gold price in Bengaluru as local demand matched the trend in the international market, where a weakened dollar paved the way for higher gold sales.
    • However, on the 27th, gold rates dropped to Rs.3,003 per gram as purchases from domestic buyers decreased.
    • With demand remaining mostly flat, gold was last seen trading at Rs.3,003 per gram on the 28th of the month.

    January 2018 - Week 5 (29th - 31st)

    • Steady domestic demand from jewellers, industries and retailers despite the uneven trends overseas led to gold rate in Bangalore remaining unaltered throughout the week.
    • Gold was priced at Rs.2,988 per gram on the 29th of January.
    • Strong global cues coupled with steady local demand resulted in gold price in Banglore remaining untouched at Rs.2,998 per gram for the rest of the week.
    • The bullion trade witnessed a rise of 1.91% in gold rates amid the positive overseas trends during the course of the month.
    Comparison for 24 K Gold Rates for Bangalore November 2017
    Graph for Gold Rate (24K) in Bangalore November 2017
    Parameters Gold price (24 karat)
    Gold Rate on 1st December 2017 Rs.2,932 per gram
    Gold Rate on 31st December 2017 Rs.2,941 per gram
    Highest Rate in December Rs.2,942 per gram from 2 to 4 December and 29 December
    Lowest Rate in December Rs.2,859 per gram on 13 December
    Overall Monthly Performance Incline
    Percentage Change 0.30%

    December 2017 - Week 1 (1st - 10th)

    • Gold rate in Bengaluru were greatly affected by the strong dollar rates compounded by US tax reform bill approval during the week.
    • Gold was priced at Rs.2,932 per gram on the 1st of December.
    • With the landmark bill to overhaul the tax system stalled by the US Senate, the dollar weakened and led to gold prices rising to Rs.2,942 per gram on the 2nd.
    • Steady domestic demand amid the strong trend overseas led to the precious metal being priced at Rs.2,942 per gram on the 3rd and the 4th.
    • The 5th, however, witnessed gold price in Bengaluru plunging to Rs.2,906 per gram after the Senate Republicans passed the tax bill setting aside the political differences through a vote.
    • Gold rate in Bengaluru dropped further to Rs.2,869 per gram - the lowest level in four months - on the 8th after the proposed tax reform bill seemed to boost investor sentiments in the country, pushing the US dollar higher.
    • The yellow metal prices rose marginally to Rs.2,870 per gram on the 9th on account of increased buying from local retailers and jewellers to meet wedding season demand.
    • The week concluded with the precious metal trading at Rs.2,870 per gram amid subdued domestic demand for the metal.

    December 2017 - Week 2 (11th - 17th)

    • In Bangalore, gold rates opened on a relatively neutral note before trailing off slowly over the next two days.
    • Gold was priced at Rs.2,866 per gram in the silicon valley of India when the week began.
    • Due to poor demand brought about by weak global cues, gold rate in Bangalore dropped to Rs.2,862 per gram on the 12th of December.
    • The 13th again saw gold rates drop as investors cautiously awaited the interest rate hike to be introduced by the US Fed Reserve.
    • On the 14th, the US dollar lost some of its value as a direct result of the Fed Rate hike. This led to gold trading at a slightly higher rate of Rs.2,883 per gram.
    • But, the demand seen on the 14th was a one-off and it couldn’t be sustained for longer periods. The 15th saw gold trading at Rs.2,864 per gram.
    • Over the last two days of this week, gold price in Bangalore were holding at Rs.2,861 per gram.

    December 2017 - Week 3 (18th - 24th)

    • Gold was priced at Rs.2,861 per gram on the 18th when trading commenced for the third week.
    • Though gold rate in Bengaluru rose to Rs.2,879 per gram on the 19th amid the positive global cues, prices dropped to Rs.2,876 per gram the following day after the US tax bill moved closer to being approved by the Senate.
    • However, with stockists and investors speculating over the ultimate result of the US tax reform on the country’s economy, the dollar and equities lost its ground. This led to gold rate in Bengaluru surging to Rs.2,883 per gram on the 21st.
    • The 22nd saw gold price Bengaluru dipping to Rs.2,879 per gram as the dollar and equities market pressured the bullion trade after the approval of the landmark US tax reform bill during the week.
    • The newly approved tax reform proved to be unfavourable as the Asian stocks began to collapse with the tax cuts. This led to the yellow metal prices surging to Rs.2,898 per gram on the 23rd.
    • Prices remained untouched at Rs.2,898 per gram on the 24th, thanks to steady demand from local jewellers, industries and retailers.

    December 2017 - Week 4 (25th - 31st)

    • The week began in Bangalore with gold priced at Rs.2,898 per gram.
    • Prices went up to Rs.2,903 per gram on the 26th of the month, with local trends remaining in touch with international demand.
    • Gold rates went up to Rs.2,917 per gram on the 27th as a declined US dollar, spurred investors to invest in the metal a little more.
    • The 28th again saw gold rates rise to Rs.2,937 per gram as the metal hit one-month high figures in the global market.
    • During the 29th, the yellow metal traded at Rs.2,942 per gram - a comparatively marginal increase brought about by positive global cues.
    • However, a poor local demand pushed gold rates down to Rs.2,941 per gram on the 30th of the month. When the week came to an end, the yellow metal was still priced at Rs.2,941 per gram.
    Parameters Gold price (24 karat)
    Gold rate on 1st November 2017 Rs.2,942 per gram
    November 31 Rate Rs.2,947 per gram
    Highest Rate in November 2017 Rs.2,981 per gram on 20 November
    Lowest Rate in November 2017 Rs.2,907 per gram on 6 November
    Overall Monthly Performance Incline
    Percentage Change 0.16%
    Comparison for 24 K Gold Rates for Bangalore October 2017

    November 2017 - Week 1 (1st - 5th)

    • In Bengaluru, gold rates started off on a relatively improved note but fell as the week progressed.
    • On the 1st of November, the yellow metal was trading at Rs.2,942 per gram.
    • Due to a steady demand from local circles, gold continued selling at Rs.2,942 per gram on the 2nd and the 3rd of November.
    • Keeping in trend with global cues, gold rate in Bengaluru fell to Rs.2,917 per gram on the 4th of November. This happened because of a relatively strong dollar and also the cautious nature of investors.
    • When the week came to an end, gold price in Bengaluru were recorded at Rs.2,917 per gram.

    November 2017 - Week 2 (6th - 12th)

    • When trading commenced for the week, the yellow metal was trading low at Rs.2,907 per gram on the 6th.
    • However, prices picked up with geopolitical tensions rising between Saudi Arabia and Iran pushing demand higher for safe-haven assets like gold. This led to gold rate in Bangalore surging to Rs.2,942 per gram on the 7th.
    • An increased domestic demand coupled with strong overseas trends resulted in prices rising to Rs.2,951 per gram on the 8th.
    • Gold price in Banaglore remained unchanged at Rs.2,951 per gram on the 9th owing to downfall of the US dollar amid uncertainties in the US tax plan.
    • Prices, however, recovered with dollar losing against major emerging currencies, and the yellow metal was priced at Rs.2,961 per gram on the 10th.
    • The remainder of the week witnessed the bullion trading firm at Rs.2,960 per gram, thanks to steady local demand amid strong global cues.

    November 2017 - Week 3 (13th - 19th)

    • Gold in Bengaluru started off on a weak note before surging midweek and consolidating towards the end of the week.
    • On the 13th of November, gold was priced at Rs.2,940 per gram. This rose to Rs.2,945 per gram as there was an increased buying trend in the city.
    • The 15th saw gold rate in Bengaluru surge significantly to Rs.2,966 per gram as local demand improved. This high demand wasn’t to be sustained, which was evident with the next day’s trade.
    • On the 16th, the yellow metal was seen selling at Rs.2,961 per gram.
    • Over the last three days, i.e., from the 17th to the 19th, gold price Bengaluru remained at Rs.2,951 per gram, a slump despite some strong trend seen worldwide.

    November 2017 - Week 4 (20th - 26th)

    • In Bengaluru, gold opened for the week at Rs.2981 per gram. A weak demand brought about by wary investors saw gold rates plummet to Rs.2,953 per gram on the 21st of November.
    • Demand crashed for the second day in a row, which caused gold rates in Bengaluru to go down to Rs.2,951 per gram on the 22nd.
    • However, positive cues from the global market contributed to a robust trading day on the 23rd. Prices increased to Rs.2,960 per gram this day.
    • A steady demand saw gold trade at a marginally increased rate of Rs.2,961 per gram on the 24th, before dropping to Rs.2,958 per gram on the 25th.
    • With demand from key Asian markets remaining subdued, gold price in Bengaluru was unchanged on the 26th and the metal traded at Rs.2,958 per gram.
    November 2017 - Week 5 (27th - 30th)

    In Bengaluru, gold was seen trading at Rs.2,961 per gram on the 27th of November. This dropped down to Rs.2,958 per gram the next day due to the Fed chair speech, which turned out to be a bad thing for gold trading. A brief increase in local demand pushed gold rate in Bengaluru up to Rs.2,960 per gram on the penultimate day of the month. On the final day of November, though, gold price in Bengaluru fell by Rs.13 for the metal to trade at a lowly Rs.2,947 per gram.

    Comparison for 24 K Gold Rates for Bangalore September'17
    Parameters Gold price (24 karat)
    Gold Rate on 1st October 2017 Rs.2,985 per gram
    Gold Rate on 31st October 2017 Rs.2,942 per gram
    Highest Rate in October 2017 Rs.2,995 per gram
    Lowest Rate in October 2017 Rs.2,932 per gram on 27 October
    Overall Monthly Performance Decline
    Percentage Change -1.44%

    October 2017 - Week 1 (1st -7th)

    • Gold opened the week at Rs.2,985 per gram in Bengaluru as consistent demand from jewellers and the retail market kept prices stable.
    • The recovery of the U.S. dollar coupled with reduced international demand led to gold prices in Bengaluru dropping to Rs.2,966 per gram on 2 October.
    • Well-performing equities and the rising U.S. dollar led to an overall drop in demand for gold, which resulted in prices falling to Rs.2,956 per gram on 3 October.
    • A brief rise in price led to gold trading at Rs.2,961 per gram on 4 & 5 October.
    • The release of U.S. employment data and the possibility of a rate hike led to investors refraining from buying gold, resulting in gold price in Bengaluru dropping further, with gold priced at Rs.2,942 per gram on 6 October.
    • The resumption of fears about North Korea’s nuclear programme led to a marginal rise in demand as gold ended the week trading at Rs.2,952 per gram.

    October 2017 - Week 2 (8th -14th)

    • Gold prices in Bangalore rose considerably during the initial days before holding steady for the remainder of the week.
    • On the 8th, when trade exchanges opened, gold was priced at Rs.2,952 per gram.
    • Significantly positive global cues saw gold rates in the silicon city rise to Rs.2,976 per gram on the 9th. The reason for this rise was the resumption of the stand off between the US and North Korea.
    • Rates surged slightly as festive season demand saw jewellers increase their purchases. Gold traded at Rs.2,981 per gram on the 10th.
    • Demand in the city remained stable, which led to little fluctuation in rates on the 11th and the 12th. Gold traded at Rs.2,981 per gram on both these days.
    • The 13th saw gold rates in Bengaluru rise to Rs.2,987 per gram as local demand was in sync with the international trends.
    • When the week came to an end, on the 14th, gold was seen trading at Rs.2,987 per gram.

    October 2017 - Week 3 (15th - 21st)

    • In Bengaluru, gold rates were mostly on the decline despite the oncoming Diwali and Dhanteras festivities.
    • On the 15th of October, gold traded at Rs.2,987 per gram but surged to Rs.2,995 per gram on the 16th as local jewellers increased their purchases.
    • However, weak trend overseas saw gold rate in Bengaluru drop down to Rs.2,981 per gram on the 17th of the month, before falling again to Rs.2,976 per gram the next day.
    • Demand couldn’t pick up as the imminent Diwali festivities failed to stoke retail or wholesale demand.
    • This led to gold trading at Rs.2,966 per gram over the final three days of the week.

    October 2017 - Week 4 (22nd -28th)

    • When trading commenced in Bengaluru, the yellow metal was trading at Rs.2,966 per gram on the 22nd.
    • However, gold rate in Bengaluru plunged to Rs.2,956 per gram - a decline of Rs.10 per gram - on the 23rd as the dollar gained against other apex currencies, pushing demand lower for the metal.
    • Thanks to steady local demand from retail jewellers and industries, gold prices remained untouched at Rs.2,956 per gram despite poor global trends on the 24th.
    • The 25th witnessed gold prices in Bengaluru plunging to Rs.2,951 per gram as firm equity markets pushed the dollar rates higher.
    • The yellow metal rates rose to Rs.2,956 per gram on the 26th as the dollar edged down with the market expecting the ECB to cut back its bond-buying policy.
    • However, on the 27th, the European Central Bank's decision to extend its bond-buying stimulus resulted in the dollar dominating over the euro. This led to gold prices plummeting to Rs.2,932 per gram.
    • Thanks to an increase in the local demand, Bengaluru witnessed gold rates rising to Rs.2,947 per gram on the 28th.

    October 2017 - Week 5 (29th- 31st)

    • Gold rates in Bengaluru also fell over the course of the three days as demand slowed down globally, and subsequently in the domestic markets.
    • On the 29th, gold opened at Rs.2,947 per gram.
    • As weak global cues caught on locally, gold rates fell to Rs.2,942 per gram on the 30th of the month. Gold prices in Bengaluru remained at Rs.2,942 per gram as there was no change in demand for various investment quarters of the city.
    Comparison for 24 K Gold Rates for Bangalore August'17

    Parameters Gold price (24 karat)
    September 1 Rate Rs.2,956 per gram
    September 30 Rate Rs.2,985 per gram
    Highest Rate in September Rs.3,056 per gram on 8 September
    Lowest Rate in September Rs.2,956 per gram on 1 September
    Overall Monthly Performance Incline
    Percentage Change 0.98%

    September 2017 - Week 1 (1st to 10th)

    • Bangalore, like other cities in the country, saw gold price hit near one-year highs with regard to gold rates.
    • When the first week of September started, gold was priced at Rs.2,956 per gram. Prices ascended to Rs.2,995 per gram on the 2nd as demand from local jewellers and investors went up.
    • Rates remained steady at Rs.2,995 per gram on the 3rd before surging to Rs.3,015 per gram on the 4th, courtesy of positive global cues.
    • The global bullion market saw an increased demand for precious metals as North Korea conducted its most powerful nuclear test to date.
    • Gold price in Bangalore went up to Rs.3,029 per gram on the 5th as a consequence of this.
    • With the effects of North Korea’s actions still lingering in the markets, gold prices surged again to Rs.3,034 per gram on the 6th.
    • On the 8th, gold rate in Bengaluru reached a 11-month high of Rs.3,056 per gram as investor sentiments rose amidst favourable international demand.
    • As dollar gained on other currencies and as demand started to decline, gold prices held at Rs.3,041 per gram on the 9th and the 10th of September.

    September 2017 - Week 2 (11th to 17th)

    • Demand fluctuated in the country’s IT capital as conflicting market trends and a volatile U.S. dollar resulted in a reduction in demand for gold.
    • The week began with gold priced at Rs.3,019 per gram on 11 September, a decrease from the previous week as markets rallied over the weekend.
    • As the U.S. and North Korea exchanges escalated following Korea’s nuclear missile test, markets plunged but gold prices were unaffected.
    • Gold price , contrary to trends, fell as local demand plunged, with the yellow metal trading at Rs.3,001 per gram on 12 September.
    • Gold price in Bangaluru recovered the following day as gold rose to Rs.3,010 per gram on 13 September but demand continued to be erratic due to falling demand from jewellers.
    • Overseas demand was also muted as investors awaited news from the central bankers meeting and the impact of the hurricane on the U.S. economy.
    • Gold price in Bangaluru dropped to Rs.2,995 per gram on 14 September before a slight rise in industrial demand pushed prices to Rs.3,013 per gram on 15 September.
    • Gold fell as the week ended, trading at Rs.3,005 per gram on 17 September.

    September 2017 - Week 3 (18th-24th)

    • Bengaluru was one of the few cities, which saw gold demand decrease considerably this week.
    • The week started on a high with the metal trading at Rs.3,005 per gram on the 18th.
    • But, as demand in the city dropped significantly, gold rate in Bengaluru went down to as low as Rs.2,971 per gram on the 19th.
    • Courtesy of the festive season locally and the US - North Korea issue internationally, a spike in demand was witnessed on the 20th. Gold rates increased by Rs.24 to reach Rs.2,995 per gram on this day.
    • A strengthening dollar cut short the demand, thereby pushing gold price in Bangaluru down to Rs.2,970 per gram on the 21st of September.
    • The local bullion market saw rates increase to Rs.2,990 per gram, thanks to positive demand from investors and jewellers.
    • On the 23rd, gold rate in Bangaluru dropped to Rs.3,980 per gram and remained the same till the closing hours of the week.

    September 2017 - Week 4 (25th-30th)

    • Gold prices in Bengaluru fluctuated towards the beginning of the week.
    • When the week began, gold was priced at Rs.2,970 per gram but went up to Rs.3,029 per gram as festive season buying led to a surge in demand.
    • Strong US dollar and weak global cues on the 27th led to the yellow metal trade at a relatively subdued rate of Rs.3,005 per gram.
    • As demand plummeted, gold rate in Bengaluru fell to Rs.2,985 per gram on the 28th of the month.
    • Thankfully, a steady demand for the metal meant that gold prices remained unchanged over the final two days of September.
    Parameters Gold price (24 karat)
    August 1 Rate Rs.2,878 per gram
    August 31 Rate Rs.2,956 per gram
    Highest Rate in August Rs.2,976 per gram on 29 August
    Lowest Rate in August Rs.2,845 per gram on 7 August
    Overall Monthly Performance Incline
    Percentage Change 2.71%
    Comparison for 24 K Gold Rates for Bangalore July'17

    August ‘17 - Week 1 (1st to 6th)

    • The country’s IT capital saw gold prices plateau due to poor demand as well as market conditions.
    • Gold was priced at Rs.2,878 per gram on 1 August, recording a minor increase in price from the previous month.
    • Gold rate in Bengaluru dropped as investors awaited the results of the Fed Reserve meeting, resulting in gold falling to Rs.2,854 per gram on 3 August.
    • Gold price in Bengaluru rose to Rs.2,865 per gram on 4 August as local demand spiked on account of Varmahalakshmi as well as a declining dollar.
    • Prices fell by Rs.10 to trade at Rs.2,855 per gram on 5 August as overseas demand was muted and local demand could not keep prices table.
    • Gold price in Bengaluru did not change as the week drew to a close, resulting in gold trading at Rs.2,855 per gram on 6 August due to poor demand.

    August ‘17 – Week 2 (7th to 13th)

    • In Bengaluru, gold prices were seen holding at Rs.2,845 per gram on the 7th of August.
    • Rates went up to Rs.2,852 per gram on the 8th and remained the same till the close of the 9th as demand from local jewellers spiked slightly.
    • The 10th saw gold price in Bangalore increase significantly - by Rs.41 - for the metal to trade at Rs.2,893 per gram as US markets fell and demand went up.
    • Gold Rate in Bangalore went up on the 11th as well to Rs.2,922 per gram as the US-North Korea issue lingered on in the market and drove up the demand.
    • During the last two days of the week - the 12th and the 13th - gold prices remained at Rs.2,922 per gram as purchases from jewellers remained steady.

    August ‘17 - Week 3 (14th to 20th)

    • Bullion prices in the IT capital of the country were on the decline during the third week of August as local demand and overseas demand were both lower than expected.
    • Gold traded at Rs.2,915 per gram on 14 August, with the price remaining constant till 17 August.
    • Local demand was poor in spite of favourable market conditions brought about by a low U.S. dollar rate.
    • Gold price in Banglore fell to Rs.2,913 per gram on 18 August due to a slight resurgence in the U.S. market on account of the upcoming U.S. Federal Reserve meeting.
    • A decline in Asian demand due to a recovering U.S. dollar led to gold falling further to Rs.2,910 per gram on 19 & 20 August.

    August 2017 – Week 4 (21st - 27th)

    • In Bengaluru, gold started trading at Rs.2,903 per gram.
    • Rates went up to Rs.2,908 per gram on the 22nd before dropping to Rs.2,903 per gram on the 23rd as demand fluctuated.
    • On the 24th, gold rate in Bangalore went up to Rs.2,913 per gram as investors began to take advantage of a fallen US dollar rate.
    • Gold price in Bangalore remained unchanged on the 25th before going up to Rs.2,927 per gram on the 26th as jewellers scaled up their purchases.
    • The last two days of August week 4 saw gold prices remain unchanged, owing to steady demand.

    August 2017 – Week 5 (28th - 31st)

    • Demand for gold was on the increase in the country’s IT hub, with the precious metal trading at Rs.2,927 per gram on 28 August.
    • Prices rose as the continued threat of aggression by North Korea led to increased demand for safe-haven assets like gold, with gold prices rising by Rs.49 to trade at Rs.2,976 per gram on 29 August.
    • Local demand was stable but diminished as gold prices soared, leading to a drop in demand and subsequently gold rate in Banglore fell to Rs.2,966 per gram on 30 August.
    • The instability in markets persisted but demand fell as investors put off purchases due to high rates, resulting in gold being priced at Rs.2,956 per gram on 31 August.
    Parameters Gold price (24 karat)
    July 1 Rate Rs.2,950 per gram
    July 31 Rate Rs.2,874 per gram
    Highest Rate in June Rs.2,950 per gram on 1 July
    Lowest Rate in June Rs.2,815 per gram from 15 to 17 July
    Overall Monthly Performance Decline
    Percentage Change -2.57%
    Comparison for 24 K Gold Rates for Bangalore June'17

    July 2017 - Week 1 (1st to 9th)

    • Gold traded at Rs.2,950 per gram on 1 July in the city of Bengaluru and continued to trade at this price on 2 July as well.
    • There were a few marginal variations noted in the rate of gold as the week progressed. However, there were no marked changes in the price of gold post implementation of GST.
    • Gold traded at Rs.2,940 per gram on 3 July before reducing to Rs.2,915 per gram from 4 July to 6 July as a result of low demand from domestic markets.
    • As the week progressed, the rate of gold continued to decline.
    • This yellow metal was priced at Rs.2,880 per gram on the last two days of the week and was also the lowest at which gold traded, for the first week of July in Bengaluru.

    July 2017 - Week 2 (10th to 16th)

    • Though Bengaluru seemed to be performing well during the initial few days of the week, there was a massive price drop that cut off the momentum.
    • When trading began for the week on the 10th, gold prices were recorded at Rs.2,875 per gram.
    • Prices dropped to Rs.2,870 per gram on the 11th but picked back up on the 12th to end the day at Rs.2,890 per gram.
    • On 13th, gold was trading at Rs.2,890 per gram but dropped by Rs.94 to go down to Rs.2,796 per gram on the 14th - making it the biggest day-to-day price drop in all of India.
    • There was some relief, however, as prices went back up on the 15th bringing bullion prices up to Rs.2,815 per gram.
    • When the second week of July ended on the 16th,

    July 2017 - Week 3 (17th to 23rd)

    • The price of gold in the country’s IT capital was in line with trends seen across other cities, as gold opened at Rs.2,815 per gram on 17 July.
    • Gold rate in Bangalore jumped to Rs.2,830 per gram on 18 July as global markets were weak, leading to greater demand for ‘safe-haven assets’ such as gold.
    • Prices cooled off as the week progressed, with a marginal increase recorded at Rs.2,833 per gram on 20 July due to a paucity of local demand.
    • Gold price in Banaglore spiked as the week drew to a close and the U.S. dollar continued to trade poorly against other global currencies.
    • Gold was priced at Rs.2,966 per gram on 22 July, with the price remaining the same as the week ended on 23 July.

    July 2017 - Week 4 (24th to 31st):

    • Gold prices in Bengaluru fluctuated considerably during the last week of July, due to a constant change in demand.
    • On the 24th, gold prices were recorded at Rs.2,866 per gram, which then went up to Rs.2,869 per gram on the 25th.
    • However, demand from local buyers fell which led to gold prices falling to Rs.2,850 per gram on the 26th - a Rs.19 decrease compared to the previous day.
    • Thanks to a fall in US dollar rates and the positive trading cues, prices increased by Rs.24 for the yellow metal’s to trade at Rs.2,874 per gram on the 27th.
    • On the 28th, prices fell slightly as local investors were expecting more price corrections and consequently refrained from making jewellery purchases.
    • The 29th saw gold demand hitting saturation levels as it traded at Rs.2,872 per gram and remained unchanged on the 30th of July.
    • During the last day of the week and month, gold prices went up marginally by Rs.2,874 per gram.

    Gold is generally sold in units like tolas or sovereign, grams, kilograms, troy ounces, tonnes, metric tonnes etc. Gold prices are generally quoted on 10 grams of the metal. Gold purity is measured in karats, with 24 karats denoting pure gold. 22 karat gold is another popular variety with residents of Bangalore. Gold rate in Bangalore is provided for both 22 and 24 karat varieties.

    • Gold rates in Bangalore in last 3 years (prices are in Rs/gram and approximated in places)
    • 24 karat gold: Gold prices in Bangalore in mid-2012 were at the level of Rs.3,000. Prices peaked on 14th September 2012 at Rs.3,267 and remained at over-3,100 level till the end of the year. 2013 saw a gradual decline in gold prices owing to measures taken by the government to curb gold imports. Prices hit a low of Rs.2,587 on 28th June 2013 and continued at same levels for the next 3 months, before increasing steeply to over-3,200 level around year-end. 2014 didn’t see any steep decline or appreciation in 24 carat gold rates in Bangalore, however prices continued to decline throughout the year, with year-end prices at Rs.2,721.

      22 karat gold: Price for 22 karat gold in mid-2012 were at Rs.2,700 level. Prices increased during the year and peaked at Rs.3,028 on 14th September 2012. Prices remained above Rs.3,000 till the end of the year. 2013 saw a sharp decline in prices owing to government policies, with prices touching a low of Rs.2,400 on 28th June 2013. The market recovered during the next 2 months and peaked at Rs.3,261 on 28th August before gradually declining to Rs.2,750 at the end of the year. Prices continued to fall throughout the year 2014, and ended at Rs.2,500 level.

    • Gold rates in Bangalore in 2015 (prices are in Rs/gram and approximated in places)
    • 24 karat gold: 2015 started with gold priced at Rs.2,694 for 24 karat variety in Bangalore. Prices peaked on 20th January to Rs.2,854 and stayed at over-2,700 mark till the end of February, with an exception of 21st January when prices tanked to sub-2,700 level. April and May saw a rejuvenation of gold prices that declined in March, and rallied to Rs.2,801 on 24th May 2015.

      22 karat gold: Prices were around Rs.2,520 at the start of the year, before peaking at Rs.2,677 on 21st January 2015. Gold rate gradually declined over the next two months and touched a low of Rs.2,444 on 18th March. Since then, prices have seen a slight rise over the next two months, and peaked at Rs.2,621 on 18th May before ending the month at Rs.2,557.

    Inflation and market volatility are big reasons for consumers opting for gold in Bangalore. Uncertainties in the market can be overcome to some extent as gold almost always sells in the market at good resale value. Market volatility can cause investments in the traditional options such as equities to go down and consumers opting for solid gold instead. Gold rates in Bangalore may see upturns and downturns, but in the long run the returns usually beat any offsets from inflation or volatility.

    Gold investments can be done in various forms, from buying jewelry from the local store, to investing in the gold markets without actually holding any physical gold. Major avenues for investment in gold are:

    Jewelry and ornaments: Gold jewelries are purchased during occasions such as marriages, festivals such as Diwali and a few other points of time in the year. However, the market gold rate in Bangalore is meant for pure metal and not works done on it. As such gold jewelries cost include both gold rate and workmanship. When reselling the ornaments, the consumers may not get the same value as he paid to buy them.

    Gold bullions: These represent bulk gold that can be purchased as ingots or bars. Gold bars are generally available at the market gold prices in Bangalore. These bars can be purchased from any bullion dealer in the city and represent good value on the investment as returns are close to actual investment. Gold bullions are available in larger quantities like kilograms.

    Gold coins: Gold coins are available in various purities in the city. The coins can be purchased from private dealers or banks. The coins are usually marked by the selling entity and are sold at slightly higher prices than the actual gold rates in Bangalore.

    Where to buy Gold in Bangalore from?

    There are many gold dealers in the city including jewelers, bullion dealers, banks, private sellers and others. Some of the major gold dealers in the city include Bhima Jewellers, Shubh Jewellers, Malabar Gold, Jos Alukkas, GRT Jewellers, P.C. Chandra Jewellers, Khazana Jewellers, Abharan Jewellers, Tanishq and lots more. These dealers sell a variety of gold items including jewelry, coins and custom products, among others. Jewelers and private retailer also accept buy backs from individual customers. Banks will sell coins, bars and other items but buy back option is generally not available.

    Also Check Gold Price in NearBy Cities of Bangalore

    Gold Rate In Mangalore Gold Rate In Mysore Gold Rate In Belgaum
    Gold Rate In Gulbarga Gold Rate In Chennai Gold Rate In Vellore
    Gold Rate In Bellary Gold Rate In Shimoga Gold Rate In Udupi
    Also Know: Silver Rate in Bangalore

    Read more on Gold

    News About Gold Rate in Bangalore

    • Strong Dollar Offsets Gold Gains

      Gold prices held steady in trading on Tuesday, 9th October, 2018 as a rising dollar and bullish U.S. economic outlook was countered by falling stocks. Spot gold continued to trade at $1,188.20 per ounce, recovering after a sharp fall in the previous session.

      U.S. gold futures rose by 0.24% to trade at $1,191.5 per ounce as markets reacted negatively to the ongoing trade dispute between the United States and China.

      Higher interest rates have exerted pressure on gold, as long-term gold investments lose their sheen due to the high opportunity cost for non-dollar buyers. The crash across Asian markets also tempered bullion demand, as the yellow metal did not fluctuate much during trading.

      9 October 2018

    • Gold Prices On The Rise After Trade Deal

      Gold prices rose after Canada and the United States agreed on provisions of a North American free trade deal. As Asian stocks fell, gold prices rose steadily. Spot gold rose by 0.4% to trade at $1,192.62 per ounce after a period of turbulence. Gold futures also rose by the same margin to trade at $1,196.40 per ounce.

      With stock markets stable and bind yields rising, gold is viewed as a risky asset for many investors. However, after the breakthrough in talks between Canada and the United States to salvage NAFTA, investors are looking at riskier assets as well.

      Silver prices also rose on positive momentum, rising by 0.7% to trade at $14.56 per ounce. The recent interest rate hike put pressure on bullion, as a robust jobs market also boosted the dollar.

      3 October 2018

    • Weak global trend results in fall of gold and silver price; US Federal Reserve rate hike responsible

      Wednesday, 26 September 2018, saw a dramatic fall in the prices of gold and silver prices following the rate hike of bullion by the United States Federal Reserve.

      Due to the rate hike, the local jewellers experienced somewhat of a ‘dry spell’ resulting in the drop of gold by Rs.75. Gold is now valued at Rs.31,650 per 10 gm, however, sovereign gold is at a stagnant rate of Rs.24,500 per piece of 8 gm.

      Price of silver ready decreased by an alarming Rs.300 and is now valued at Rs.38,450 per kg. Weekly-based delivery reduced by Rs.290 and is valued at Rs.37,970 per kg.

      Fundamental Research Analyst of Anand Rathi Commodities, Jigar Trivedi mentioned the decision of the Federal Reserve to increase the interest rate by 25 basis points added pressure to the prices of gold.

      28 September 2018

    • Price of Gold goes up by 3.5% as Rupee Falls

      As the rupee weakens, the festive season demand in Kolkata has taken a turn backwards due to the affected market. The price of gold has gone up by a whopping 3.5% in just the past one month. Due to the constant changes in the value of the rupee as well as it affecting the prices of gold, people are just in the ‘wait and watch’ state of mind.

      On Tuesday, the 25th of September, the price of gold was recorded at Rs.31,850 per 10 gram.

      The rural population of India, amounting to a whopping 60% of the consumers of the 800-850 tonnes of gold sold in India every year, are also refraining from purchases as they are yet to receive the MSP (Minimum Support Price) for their crops.

      In the international podium, the price of spot gold was at a steady rate of $1,199.06. However, with the Federal Reserve Policy Meeting on Wednesday, the 26th of September, there are talks of expecting higher interest rates on gold and silver.

      26 September 2018

    • Gold Struggles to Stay Afloat As Demand Dips

      Gold prices did not see much change when trading opened on Monday, 17th September, 2018 as there was caution over possible trade tariffs on Chinese imports.

      Spot gold traded flat at $1,193 per ounce while gold futures were also trading 0.2% lower at $1,198.20 per ounce.

      The announcement of additional tariffs on Chinese imports by the U.S. would encompass close to $200 billion worth of good. Beijing also indicated it might not agree to trade talks with the U.S., which unsettled markets and sent investors rushing to buy the dollar. Interest in bullion was thus muted.

      17 September 2018

    • Gold Trades Flat on Trade Tensions

      Gold opened the week trading flat as fears of the escalating trade tensions and a possible interest rate hike led to lower demand for the metal. Gold futures for December delivery fell by 0.08% to trade at $1,199.40 per troy ounce.

      Overall, bullion prices had to weather a storm as the positive U.S. non-farm payrolls data indicated a Federal Reserve rate hike during this month. This would make the dollar more attractive to investors looking for yields, while gold’s yield would fall.

      The U.S. Dollar Index rose as gold prices fell steadily, as the metal becomes more expensive for non-dollar buyers, especially in Asia and other emerging markets.

      10 September 2018

    • Gold prices rise for the second consecutive day due to steady buying

      On the 6th of September, gold prices improved to gain yet again to build on the trend set during the previous day’s session.

      The Thursday saw gold rates rise by Rs.110 to Rs.31,510 per 10 gram as there was a sustained local demand for the metal while demand from the global market remained steady.

      Rupee continued on its falling run, going down to Rs.72.11 per dollar in the exchange market, which led investors to vest their interest in the precious metal. This was also helped by the falling dollar, which weakened after the US introduced trade tariffs on China.

      Gold of 99.5% purity and 99.9% purity traded at Rs.31,360 per 10 gram and Rs.31,510 per 10 grams respectively, building on the Rs.200 gain seen during the previous day.

      Silver prices also went up on the day, with the metal trading at Rs.37,800 per kg - a Rs.200 rise from the previous day’s rates. In the international market, spot gold prices went up by 0.6% to $1,203.35 per ounce. Rates were expected to rise ahead of a rising dollar and the tariffs introduced by US president Donald Trump.

      7 September 2018

    • Gold and Silver Prices Rebounds

      Gold prices was low for the last few months. However, the price of the yellow metal increased by Rs.170 and hit Rs.30,420 per 10 grams. The hike was mainly due to increase in demand for the metal and positive global conditions. In New Delhi, gold rates for 99.9% and 99.5% purity rose by Rs.170 each to Rs.30,420 and Rs.30,270 per 10 grams, respectively. Gold prices was on 19-month low last few weeks due to the tension caused by the US-China trade talks.

      Silver rates too increased by Rs.100 to Rs.38,100 per kg mainly due to increased demand from industrial units and coin makers

      22 August 2018

    • Gold Remains Firm In Spite of Dollar Gains

      Gold prices remained steady in spite of the dollar rate and U.S. bond yields rising on positive economy data. A positive assessment from the Federal Reserve also boosted the currency, in spite of trade tensions with Beijing.

      Spot gold traded at $1,215.81 per ounce towards the middle of the trading day, with no change in price from the previous session. This was seen as a positive move after gold slumped over 11% since April 2018 due to the rising dollar rate and declining interest in the metal.

      Gold futures for September delivery were down by 0.3% at $1,224 per ounce. Based on the current trends, gold could remain in this territory but analysts doubt it will fall further.

      2 August 2018

    • Gold Falls On Weak Rupee, Silver Recovers

      Gold prices today broke a 3-day rising streak and fell by Rs.80 on a weak rupee and poor demand from jewellers. The precious metal traded at Rs.30,890 for 10 grams as global demand also began to fall as the dollar recovered.

      Silver prices, on the other hand, rose by Rs.65 to trade at Rs.39,320 per kg on increased offtake from industrial units.  

      On the global front, gold prices were steady in spite of the dollar losing value. Overseas investors avoided bullion purchases as they waited for prices to fall further. Spot gold traded at a stable $1,235.10 per ounce.

      India’s gold imports have been falling steadily due to the weak rupee, as the country imported only 44 tonnes of gold in June 2018.

      26 July 2018

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