Gold Rate In Bangalore Today

Today's gold rate in Bangalore:

  • 10g of 24K gold is 36,940 Indian Rupee
  • 10g of 22K gold is 35,180 Indian Rupee
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  • Today's Gold Rate in Bangalore ( 21 Sep 2019 )
    ₹ 3,515
    Today's Gold Rate (22K) per gram
    Compare Gold Rate In Bangalore (Today & Yesterday)
    Today
    (21 Sep 2019)
    Yesterday
    (20 Sep 2019)
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 3,515 ₹ 3,518 ₹ -3 ↓
    Standard Gold (22 K) ( 8 grams ) ₹ 28,120 ₹ 28,144 ₹ -24 ↓
    Pure Gold (24 K) ( 1 gram ) ₹ 3,691 ₹ 3,694 ₹ -3 ↓
    Pure Gold (24 K) ( 8 grams ) ₹ 29,528 ₹ 29,552 ₹ -24 ↓
    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    21 Sep 2019 ₹ 3,515 ₹ 28,120 ₹ 3,691 ₹ 29,528
    20 Sep 2019 ₹ 3,518 ₹ 28,144 ₹ 3,694 ₹ 29,552
    19 Sep 2019 ₹ 3,545 ₹ 28,360 ₹ 3,722 ₹ 29,776
    18 Sep 2019 ₹ 3,554 ₹ 28,432 ₹ 3,732 ₹ 29,856
    17 Sep 2019 ₹ 3,554 ₹ 28,432 ₹ 3,732 ₹ 29,856
    16 Sep 2019 ₹ 3,513 ₹ 28,104 ₹ 3,689 ₹ 29,512
    15 Sep 2019 ₹ 3,513 ₹ 28,104 ₹ 3,689 ₹ 29,512
    14 Sep 2019 ₹ 3,528 ₹ 28,224 ₹ 3,704 ₹ 29,632
    13 Sep 2019 ₹ 3,540 ₹ 28,320 ₹ 3,717 ₹ 29,736
    12 Sep 2019 ₹ 3,575 ₹ 28,600 ₹ 3,754 ₹ 30,032

    Weekly & Monthly Graph of Gold Rate in Bangalore

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    *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 Price 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 September 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    September 1 Rate Rs.3,796 per gram
    September 15 Rate Rs.3,689 per gram
    Highest Rate in September Rs.3,880 per gram on 5 September
    Lowest Rate in September Rs.3,689 per gram on 15 September
    Overall Performance Decline

    September 2019- Week 1 (1-8):

    • Echoing trends seen across other cities, gold rates in Bangalore opened higher at Rs.3,796 per gram on rising demand for bullion amid economic uncertainty.
    • Weak U.S. manufacturing data prompted increased demand for bullion as the metal rose to Rs.3,880 per gram on 5 September but prices dropped to Rs.3,856 per gram on 6 September.
    • A resolution to the Sino-U.S. trade dispute increased investor risk appetite as gold fell out of favour, with prices falling to Rs.3,780 per gram on 8 September.

    September 2019- Week 2 (9-15):

    • Sluggish retail demand and greater interest in equities resulted in gold prices in Bangalore falling steadily after opening unchanged at Rs.3,780 per gram on 9 September.
    • A recovery in the dollar rate and positive U.S. Treasury yields boosted risk appetite as investors moved away from safe-haven assets, as the yellow metal fell to Rs.3,754 per gram on 12 September.
    • Expected monetary easing measures by the European Central Bank failed to buoy bullion as prices dropped further to Rs.3,704 per gram on 14 September before closing the week lower at Rs.3,689 per gram.

    Trend of Gold Rate in Bangalore for August 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    August 1 Rate Rs.3,437 per gram
    August 31 Rate Rs.3,806 per gram
    Highest Rate in August Rs.3,841 per gram on 30 August
    Lowest Rate in August Rs.3,407 per gram on 2 August
    Overall Performance Incline
    Percentage Change 11.75%

    August 2019- Week 1 (1-11):

    • Demand for bullion was on the rise, with gold rates in Bangalore opening at Rs.3,437 per gram due to renewed fears over a possible global recession.
    • The yellow metal climbed to Rs.3,499 per gram on 4 August as U.S.-China trade tensions and geopolitical tensions in Iran affected equity performance.
    • Gold rates soared to Rs.3,636 per gram on 8 August as a sombre economic outlook dented equity demand, with the precious metal ending the week at Rs.3,673 per gram on 11 August.

    August 2019- Week 2 (12-18):

    • There was no change in the gold price in Bangalore when the week began, with the metal priced at Rs.3,673 per gram but prices climbed to
    • Demand for bullion was on the rise, with gold rates in Bangalore opening at Rs.3,437 per gram due to renewed fears over a possible global recession.
    • The yellow metal climbed to Rs.3,499 per gram on 4 August as U.S.-China trade tensions and geopolitical tensions in Iran affected equity performance.
    • Gold rates soared to Rs.3,636 per gram on 8 August as a sombre economic outlook dented equity demand, with the precious metal ending the week at Rs.3,673 per gram on 11 August.

    August 2019- Week 3 (19-25):

    • Gold rates in Bangalore opened unchanged at Rs.3,709 per gram on 19 August before dropping to Rs.3,694 per gram on 20 August on waning overseas offtake.
    • Prices climbed to Rs.3,713 per gram on 22 August as industrial orders remained steady despite a recovery in the dollar rate, though the metal briefly dipped to Rs.3,707 per gram on 23 August.
    • Interest surged as the week drew to a close, with the yellow metal trading at Rs.3,770 per gram on 25 August after the Fed meeting bolstered bullion’s appeal.

    August 2019- Week 4 (26-31):

    • After opening the week unchanged at Rs.3,770 per gram, gold rates in Bangalore soared to Rs.3,833 per gram on 27 August on steady offtake by local jewellers and positive overseas cues.
    • Profit booking by investors and falling local retail demand resulted in prices dropping to Rs.3,794 per gram on 28 August, though industrial offtake kept prices steady.
    • The yellow metal surged to Rs.3,841 per gram on 30 August after fresh economic uncertainty owing to weak economic data, with the metal ending the month at Rs.3,806 per gram.

    Trend of Gold Rate in Bangalore for July 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    July 1 Rate Rs.3,344 per gram
    July 31 Rate Rs.3,431 per gram
    Highest Rate in July Rs.3,467 per gram on 20 July
    Lowest Rate in July Rs.3,308 per gram on 2 July
    Overall Performance Incline
    Percentage Change 2.60%

    July 2019- Week 1 (1-7):

    • Opening unchanged at Rs.3,344 per gram, gold prices in Bangalore fell to Rs.3,308 per gram on 2 July as equities stabilised ahead of the release of U.S. employment data, though local demand remained steady.
    • Prices climbed steadily, trading at Rs.3,313 per gram on 3 July before rising sharply to Rs.3,360 per gram on 5 July on uncertainty over renewed Iran-U.S. war rhetoric.
    • Expectations of a U.S. interest rate cut fell after a strong jobs report, but a sluggish dollar bolstered local demand as gold ended the week at Rs.3,386 per gram on 7 July.

    July 2019- Week 2 (8-14):

    • Gold rates in Bangalore rose on positive global cues, trading at Rs.3,386 per gram on 8 July though local demand was waning due to the high import cost.
    • Prices rose to Rs.3,397 per gram on 9 July but dropped to Rs.3,364 per gram on 11 July as encouraging U.S. jobs data bolstered the flagging manufacturing sector.
    • Renewed uncertainty over the U.S.-China trade dispute resulted in gold surging to Rs.3,425 per gram on 12 July before prices settled at Rs.3,407 per gram when the week ended on 14 July.

    July 2019- Week 3 (15-21):

    • A weak U.S. dollar and volatile equity markets boosted bullion interest as gold rates in Bangalore rose steadily after opening flat at Rs.3,407 per gram on 15 July.
    • Prices briefly dipped to Rs.3,402 per gram on 18 July as investors eased off bullion offtake ahead of U.S. jobs data being released, but weak data saw gold once again rise to Rs.3,439 per gram on 19 July.
    • Steady local retail and jeweller demand bolstered prices which reached Rs.3,467 per gram on 20 July before settling for the week at Rs.3,442 per gram on 21 July.

    July 2019- Week 4 (22-28):

    • Gold prices in Bangalore opened unchanged at Rs.3,442 per gram on 22 July and rose briefly to Rs.3,449 per gram on 23 July on steady local retail and jeweller demand.
    • Overseas demand was muted as the dollar gained on the possibility of a lower-than-expected cut in interest rates, as prices dropped to Rs.3,437 per gram on 25 July.
    • Despite demand rising marginally, local retail offtake was static and the metal ended the week flat at Rs.3,428 per gram.

    July 2019- Week 5 (29-31):

    • Interest in bullion was high as continued tensions and uncertainty rattled global markets, though gold prices in Bangalore opened unchanged at Rs.3,428 per gram on 29 July.
    • Bullion offtake reduced ahead of the U.S. Federal Reserve meeting, though steady local jeweller demand saw prices rise marginally to Rs.3,434 per gram on 30 July.
    • Demand for gold dropped as the month ended as the dollar recouped some of its losses, resulting in gold trading lower at Rs.3,431 per gram on 31 July.

    Also Check Gold Price in Metro Cities

    Trend of Gold Rate in Bangalore for June 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    June 1 Rate Rs.3,166 per gram
    June 30 Rate Rs.3,344 per gram
    Highest Rate in June Rs.3,398 per gram on 25 June
    Lowest Rate in June Rs.3,166 per gram on 1 and 2 June
    Overall Performance Incline
    Percentage Change 5.30%

    June 2019- Week 1 (1-9):

    • Rising investor and retail demand for bullion boosted gold rate in Bangalore as the metal opened trading at Rs.3,158 per gram before climbing to Rs.3,166 per gram on 2 June on positive market cues.
    • Tariff threats and a weak U.S. dollar made bullion more attractive to investors, as local industrial demand also surged as the yellow metal traded at Rs.3,176 per gram on 5 June.
    • Gold price in Bangalore rose sharply to Rs.3,208 per gram on 7 June ahead of impending U.S. jobs data, though a possible Fed rate cut bolstered demand as gold ended the week at Rs.3,227 per gram.

    June 2019- Week 2 (10 - 16):

    • The gold price in Bangalore at the start of week 2 stood the same as it did at the end of week 1. As on 10th, the metal was trading at Rs.3,227 per gram.
    • A subdued dollar during the week caused the price of the metal in the city to soar. On 13th, the metal stood at Rs.3,213 per gram.
    • The surge of the US dollar during the end of week 2 did not deteriorate the value of gold in the city. The price in fact rose to Rs.3,245 per gram as the week ended.

    June 2019- Week 3 (17-23):

    • Steep rises in retail and overseas demand saw gold rates in Bangalore climb steadily after opening static at Rs.3,245 per gram on 17 June.
    • A brief dip saw the metal at Rs.3,239 per gram on 18 June but potential interest rate cuts by the U.S. Fed and European Central Bank bolstered interest in bullion as gold surged to Rs.3,313 per gram on 21 June.
    • Escalating tensions with Iran dented the U.S. dollar as investor interest in gold rate in Bangalore surged to Rs.3,365 per gram on 22 June before settling at Rs.3,350 per gram on 23 June on stabilising equities.

    June 2019- Week 4 (24-30):

    • Gold price in Bangalore fluctuated after opening unchanged at Rs.3,350 per gram on 24 June as local demand remained low despite steady gains overseas.
    • Gold rate in Bangalore rose to Rs.3,398 per gram on 26 June as escalating tensions between the U.S. and Iran and the Sino-U.S. trade war dampened equity sentiment, though prices plunged to Rs.3,350 per gram on 27 June.
    • Interest in bullion was steady but a resurgent dollar rate saw the metal trade at Rs.3,363 per gram on 29 June before dropping to Rs.3,344 per gram on 30 June.

    Trend of Gold Rate in Bangalore for May 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    May 1 Rate Rs.3,134 per gram
    May 31 Rate Rs.3,158 per gram
    Highest Rate in May Rs.3,158 per gram on 31 May
    Lowest Rate in May Rs.3,087 per gram on 4 May
    Overall Performance Incline

    May 2019- Week 1 (1-5):

    • After opening at Rs.3,134 per gram, gold prices in Bangalore saw a steady slide on weak local demand and poor investor interest overseas, as the metal dropped to Rs.3,101 per gram on 3 May.
    • An upswing in economic data from China and the U.S. as well as a possible resolution to the ongoing Sino-U.S. trade crisis aided equity markets as bullion dropped to Rs.3,087 per gram on 4 May.
    • Prices recovered towards the end of the week as a possible interest rate cut at the upcoming Federal Reserve meeting renewed interest in the precious metal, which rose to Rs.3,100 per gram on 5 May.

    May 2019- Week 2 (6-12):

    • Higher domestic order volumes propped up gold rates in Bangalore after the metal opened at Rs.3,100 per gram on 6 May despite conflicting cues after the Fed chose to keep interest rates steady.
    • Bullion demand rose as investors increased offtake following the escalation in tensions between the U.S. and Iran, as the yellow metal’s price climbed to Rs.3,113 per gram on 8 May.
    • Fresh U.S. tariffs against China and retaliatory threats resulted in equities plunging as gold rose to Rs.3,127 per gram on 9 May, with prices continuing to rise to Rs.3,140 per gram when the week ended on 12 May.

    May 2019- Week 3 (13-19):

    • Higher domestic order volumes propped up gold rates in Bangalore after the metal opened at Rs.3,103 per gram on 13 May despite conflicting cues after the Fed chose to keep interest rates steady.
    • Bullion demand rose as investors increased offtake following the escalation in tensions between the U.S. and Iran, as the yellow metal’s price climbed to Rs.3,115 per gram on 16 May.
    • Fresh U.S. tariffs against China and retaliatory threats resulted in equities plunging as gold rose to Rs.3,125 per gram on 17 May, with prices continuing to rise to Rs.3,144 per gram when the week ended on 19 May.

    May 2019- Week 4 (20-26):

    • Despite steady local demand for bullion, gold rates in Bangalore were on the decline for most of the week after opening at Rs.3,137 per gram on 20 May.
    • The drop in overseas interest ahead of the Federal Reserve meeting saw prices fall to Rs.3,113 per gram on 22 May, with local industrial demand also waning as the U.S. dollar remained firm.
    • Prices continued to fall, trading at Rs.3,108 per gram on 24 May but positive indications from the Fed’s policy meeting led to resurgence in bullion interest as the precious metal rose to Rs.3,119 per gram when the week ended on 26 May.

    May 2019- Week 5 (27-31):

    • After a lacklustre week, gold prices in Bangalore surged after opening at Rs.3,119 per gram on increased local retail demand as well as strong overseas cues.
    • Rising global uncertainty due to the threat of renewed tariffs on Chinese goods saw markets plunge and investors switch to bullion, as gold rose to Rs.,3127 per gram on 29 May.
    • Fears of weak U.S. jobs data also brought down equities, with falling industrial growth in Europe stoking fears of a recession as bullion demand climbed, with gold trading at Rs.3,158 per gram.

    Trend of Gold Rate in Bangalore for April 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    April 1 Rate Rs.3,134 per gram
    April 28 Rate Rs.3,145 per gram
    Highest Rate in April Rs.3,145 per gram on 12 and 28 April
    Lowest Rate in April Rs.3,103 per gram on 4 and from 18-21 April
    Overall Performance Incline

    April 2019 - Week 1 (1-7):

    • The yellow metal opened the week at Rs.3,134 per gram but declining local demand and a resurgent U.S. dollar rate resulted in prices plunging to Rs.3,103 per gram on 4 April.
    • A rebound in U.S. jobs figures reduced interest in safe-haven bullion but weak U.S. manufacturing data dented the dollar rate as gold rose to Rs.3,108 per gram on 5 April.
    • Despite weak demand from local jewellers, gold prices in Bangalore rallied and ended the week at Rs.3,113 per gram, boosted by a rise in Asian industrial demand.

    April 2019 - Week 2 (8-14):

    • Gold rates in Bangalore opened unchanged at Rs.3,113 per gram on 8 April and remained static as weak local demand capped gains despite positive overseas cues.
    • Overseas interest in the yellow metal rose as fears of an economic slowdown and the threat of U.S. trade sanctions on the European Union boosted demand, with gold trading at Rs.3,145 per gram on 12 April.
    • Prices plunged as markets and the U.S. dollar revived following the release of positive economic data from China, resulting in gold closing the week at Rs.3,119 per gram on 14 April.

    April 2019 - Week 3 (15-21):

    • Declining industrial demand and weak jeweller offtake impacted gold prices in Bangalore after the metal opened the week at a static Rs.3,119 per gram on 15 April.
    • Steady retail demand saw prices remain unchanged for a few days despite contrary overseas trends and a steadily rising U.S. dollar rate.
    • The precious metal’s price plunged to Rs.3,103 per gram on 18 April as stable equity markets dented bullion’s appeal, with prices remaining unchanged when the week ended.

    April 2019- Week 4 (22-28):

    • After trading at Rs.3,103 per gram on 22 April, gold prices in Bangalore saw a steady uptake in demand on stable local bullion offtake and growing overseas interest in the metal’s safe-haven appeal.
    • Prices rose to Rs.3,108 per gram on 24 April and remained steady for a few days despite positive economic data boosting equity markets overseas.
    • Weak U.S. GDP data sent stocks tumbling as investors increased bullion offtake as a hedge against further equity losses, as the yellow metal surged to Rs.3,142 per gram on 27 April and rising to Rs.3,145 per gram when trading closed on 28 April.

    Trend of Gold Rate in Bangalore for March 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    March 1 Rate Rs.3,284 per gram
    March 31 Rate Rs.3,134 per gram
    Highest Rate in March Rs.3,284 per gram on 1 March
    Lowest Rate in March Rs.3,108 per gram on 30 March
    Overall Performance Decline
    Percentage Change -4.56%

    March 2019 - Week 1 (1-10):

    • After a robust start trading at Rs.3,284 per gram on 1 March, gold rates in Bangalore dropped steadily due to weak overseas cues and waning local interest.
    • A recovery in the U.S. dollar rate and equities prompted a drop in demand for the metal, as gold prices dropped to Rs.3,213 per gram on 5 March before falling further to Rs.3,170 per gram on 7 March.
    • U.S. payrolls data boosted the dollar and increased equity investments overseas, while local demand dropped due to higher import costs resulting in gold falling to Rs.3,155 per gram on 8 March.
    • The delay in interest rate hikes by the European Central Bank and a standoff in the U.S. over border funding helped gold rally as it rose to Rs.3,184 per gram on 10 March.

    March 2019 - Week 2 (11-17):

    • After opening unchanged at Rs.3,184 per gram on 11 March, gold prices in Bangalore fell on weak local demand and fluctuating overseas cues due to a rising U.S. dollar rate.
    • Retail offtake reduced as the dollar rose, as gold fell to Rs.3,161 per gram on 13 March before bouncing back to Rs.3,171 per gram on 15 March due to renewed uncertainty over the Brexit vote.
    • A delay in Brexit boosted investor confidence and offset fears of a looming global economic slowdown as gold dropped to Rs.3,150 per gram on 16 March before closing at Rs.3,148 per gram on 17 March due to static demand.

    March 2019 - Week 3 (18-24):

    • There was a slight rise in gold prices in Bangalore this week with investor interest rising as fears of a U.S. recession and the impact of Brexit impacted equity markets, with gold opening unchanged at Rs.3,148 per gram on 18 March.
    • Prices dropped to Rs.3,127 per gram on 19 March as a stable dollar affected local demand due to higher import costs, but strong overseas demand capped losses as the metal rose to Rs.3,134 per gram on 20 March.
    • As a no-deal Brexit seemed likely, markets crashed and currencies plunged as investors increased their bullion holdings with the yellow metal trading at Rs.3,169 per gram on 24 March.

    March 2019- Week 4 (25-31):

    • Interest in bullion waned overseas as a resurgent U.S. dollar and rising investor risk appetite reduced gold offtake after the metal opened at Rs.3,169 per gram on 25 March.
    • Prices dropped to Rs.3,158 per gram on 28 March as the dollar remained stable despite fears of a global recession, with investors staying away from safe-haven bullion.
    • Gold rates in Bangalore slumped to Rs.3,108 per gram on 30 March as a stable dollar rate and waning local demand dented the metal’s appeal before a late rally saw prices rise to Rs.3,134 per gram on 31 March.

    Trend of Gold Rate in Bangalore for February 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    February 1 Rate Rs.3,284 per gram
    February 28 Rate Rs.3,284 per gram
    Highest Rate in February Rs.3,332 per gram on 21 February
    Lowest Rate in February Rs.3,236 per gram on 14 and 15 February
    Overall Performance No change
    Percentage Change 0%

    February 2019 - Week 1 (1-10):

    • A consistent decline in overall demand for bullion impacted gold rate in Bangalore during the week after the metal opened at Rs.3,284 per gram on 1 February.
    • Demand fluctuations saw prices rise briefly to Rs.3,289 per gram on 6 February but overseas cues and a decline in industrial demand affected overall interest in the yellow metal.
    • Gold dropped steadily over the rest of the week as a stable dollar and recovering equity markets pressured demand for the metal and gold closed the week at Rs.3,260 per gram on 10 February.

    February 2019 - Week 2 (11-17):

    • Gold prices in Bangalore saw significant fluctuation as conflicting overseas cues and a rising dollar reduced gains from steady local demand.
    • The precious metal traded at Rs.3,260 per gram on 11 February but dropped to Rs.3,240 per gram on 13 February on sluggish industrial offtake, as Asian demand remained muted.
    • Prices dipped to Rs.3,236 per gram on 14 February as local jeweller demand failed to keep prices steady and investor interest was stagnant ahead of Sino-U.S. trade talks.
    • There was a surge in demand as market volatility and a sudden drop in the dollar enticed investors with gold trading at Rs.3,281 per gram on 17 February.

    February 2019 - Week 3 (18-24):

    • There were significant fluctuations in the gold price in Bangalore as local demand was sluggish on weak overseas cues, with the metal trading at Rs.3,281 per gram on 18 February.
    • A drop in the dollar rate saw a slight rise in jeweller offtake but industrial demand remained muted and capped gains as gold traded at Rs.3,397 per gram on 20 February.
    • Prices reached a monthly high of Rs.3,332 per gram on 21 February despite a hawkish Fed Reserve meeting, but a slowing down of retail sales saw gold rates fall to Rs.3,318 per gram on 22 February.
    • Demand continued to slide as the week ended as local demand could not sustain prices as gold dropped to Rs.3,292 per gram on 24 February.

    February 2019 - Week 4 (25-28):

    • Contrary to trends seen across other Indian cities, gold price in Bangalore dropped marginally on a drop in local orders after opening at Rs.3,292 per gram on 25 February.
    • A rise in the dollar rate reduced retail interest in the metal as jewellers also cut down on order volumes amidst weak overseas cues.
    • Prices dropped as the Federal Reserve indicated a more hawkish monetary policy position which boosted equity markets as gold dropped to Rs.3,284 per gram on 28 February.

    Trend of Gold Rate in Bangalore for January 2019 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    Rate on 1st January 2019 Rs.3,113per gram
    Rate on 31st January 2019 Rs.3,271 per gram
    Highest Rate in January 2019 Rs.3,271per gram on 31January
    Lowest Rate in January 2019 Rs.3,113per gramfrom 1-3 January
    Overall Performance Incline
    Percentage Change 5.07%
    Comparison for 24 K Gold Rates for Bangalore January 2019
    Graph for Gold Rate (24K) in Bangalore January 2019

    January 2019 - Week 1 (1 - 6):

    • Gold prices in Bangalore traded at a static rate before picking up the pace during the middle of the week as rising global demand and stable domestic growth boosted sales.
    • The yellow metal opened the month at Rs.3,113 per gram and remained constant for a few days on static domestic demand.
    • Prices rose to Rs.3,155 per gram on 4 January as global markets reacted negatively to the U.S. government shutdown.
    • The week ended with prices falling marginally to Rs.3,145 per gram, recording an overall increase in price of Rs.32 during the week.

    January 2019 - Week 2 (7 - 13):

    • Gold prices in Bangalore fell sharply as the week began, trading at Rs.3,116 per gram on 7 January on declining orders from jewellers.
    • Prices rose as overseas demand increased due to the ongoing government shutdown in the U.S., with the yellow metal rising to Rs.3,174 per gram on 11 January.
    • In spite of the dollar recovering towards the end of the week, volatile markets and steady local demand kept prices up and gold ended the week priced at Rs.3,161 per gram on 13 January.

    January 2019 - Week 3 (14 - 20):

    • Gold prices fluctuated in spite of steady overseas demand as local demand was dictated by political crises in the city.
    • The precious metal traded at Rs.3,161 per gram on 14 January before rising to Rs.3,182 per gram on 16 January on positive global cues.
    • Fears of the local government being toppled rattled local buyers who rushed to invest in bullion as a hedge against uncertainty, raising prices to Rs.3,200 per gram on 18 January.
    • Gold rates in Bangalore dipped to Rs.3,179 per gram when the week ended on 20 January as local jeweller demand was muted, in contrast to prevalent trends across other cities.

    January 2019 - Week 4 (21-27):

    • Gold rate in Bangalore rose steadily on a surge in local retail demand due to the wedding season after opening at Rs.3,179 per gram on 21 January.
    • Overseas demand fluctuated on weak investor interest ahead of the upcoming Fed Reserve meeting, but local industrial offtake helped boost prices to Rs.3,186 per gram on 24 January.
    • The presidential crisis in Venezuela and Brexit fears rattled investors and affected the dollar which in turn raised gold demand to Rs.3,224 per gram on 27 January to record a Rs.45 rise in price during the week.

    January 2019 - Week 5 (28-31):

    • Gold prices in Bangalore opened unchanged at Rs.3,224 per gram on 28 January and rose steadily on rising retail demand due to the wedding season and positive global cues.
    • Markets remained volatile as investors measured the economic impact of Brexit and the U.S. government shutdown, which boosted safe-haven gold demand and took the metal to Rs.3,234 per gram on 30 January.
    • Anticipation of the Fed Reserve easing its monetary tightening policy also bolstered bullion demand as gold traded at Rs.3,271 per gram on 31 January to record a 5.07% rise in value.

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    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 Other Cities

    Read more on Gold

    News About Gold Rate in Bangalore

    • Gold prices fall to their lowest in a month

      With rising bond yields and the dollar denting the attraction of safe-haven assets, gold prices fell to its lowest level in a month on Tuesday. The prices of spot gold were down by 0.4% to cost $1,492.20 per ounce while U.S. Gold futures were down by 0.8% and traded at $1,499.20 per ounce. It must be noted here that U.S. Treasury yields scaled to a multi-week peak after tracking German bonds as the trade tensions between Washington and Beijing seemed to ease. Expectations of fiscal stimulus measures by global central banks also played its part. In spite of the increase in the yields, bullion prices have fallen by more than 4% or $60 in less than week. This is primarily because of a broad uptick in equity markets.

      10 September 2019

    • Gold Surges To All-Time High On Jeweller Interest, Geopolitical Crises

      Gold prices surged to an all-time high on sustained interest from jewellers. Fresh trade tensions buoyed overseas demand, which also boosted local offtake.

      Pure gold prices in Delhi jumped to Rs.37,920 for 10 grams, recording a rise of Rs.1,113 in trading. Standard gold (99.5% purity) gained by Rs.1,115 to trade at Es.37,750 for 10 grams.

      Sovereign gold also registered a rise, trading Rs.200 higher at Rs.27,800 per 8 grams.

      There was also a rise in silver prices, which rose by Rs.650 to Rs.43,670 per kg on increased industrial offtake and coin maker demand. Silver coins also saw robust trade, trading Rs.1,000 higher at Rs.86,000 for the purchase and Rs.87,000 for the sale of 100 pieces.

      7 August 2019

    • Gold prices drop as dollar hits a one-week high

      The international gold market saw a fall in prices as the U.S. dollar hit a one-week high.

      Domestic gold prices also followed the same trend as global gold with the yellow metal trading at Rs.36,000 per 10 grams. Analysts and investors, however, stated that they do see some pressure in gold after a sharp spike in domestic and international markets.

      All analysts and investors are looking at the U.S. Fed who is expected to provide a decision with regards to interest rates at the end of this month.

      23 July 2019

    • As equities gained in the United States market, gold prices ease

      Due to investors locking in their profits before the non-farm payrolls data and stock markets strengthening in the country, the price of gold steadied in the global markets.

      The price of spot gold lowered by 0.3% to $1,414.37 an ounce and the United States gold futures were down by 0.3% at $1,417.10 per ounce.

      As Wall Street was closed due to the American Independence Day, the market of gold was comparatively less liquid. Investors too were more attentive towards the non-farm payrolls and were expecting a rate cut from the meeting held by the United States Federal Reserve.

      In the previous week, bullion had hit its 6-year high with the help of central banks being in favour and due to the rising tensions between the United States and China. As the global monetary policy was being favoured by various banks, there had been an increased investment on gold. Due to this, the lower interest rates on non-yielding gold an attractive investment.

      However, due to the expectations of banks cutting rates later in the year, the price of gold will continue to increase gradually.

      On the other hand, silver prices had gone down by 0.5% to $15.23 per ounce.

      5 July 2019

    • Gold Drops Nearly 1% as Investors Move to Equities

      Gold rates fell by 1% as the U.S. and Mexico averted a trade crisis, which prompted investors to switch to riskier assets like equities. Spot gold traded at $1,326.50 per ounce while U.S. gold futures plunged by 1.2% to $1,330.5 per ounce.

      A trade deal averted the imposition of tariffs on Mexico, which reduced fears of a trade war and increased investor risk appetites. The drop in interest in traditional safe-haven assets could be reversed if the U.S. Federal Reserve announces a much-anticipated interest rate cut.

      Analysts expect prices to stay constant barring major changes in the financial climate.

      10 June 2019

    • Gold Continues to Drop on Strong Dollar

      Gold prices dropped on a gaining dollar and rising share markets as positive U.S. housing data reduced fears of a global economic recession. 

      Spot gold fell by 0.3% to $1,268.84 per ounce while U.S. gold futures dropped by 0.2% to $1,270.70 per ounce.

      The rise of the U.S. dollar has been the key factor pressuring gold rates, though a rise in Asian shares has also compounded the strain on the precious metal. Gold has lost close to 6% in value since February 2019 as the economy appears to be rebounding from its earlier losses.

      24 April 2019

    • Gold Slides As Dollar Strengthens

      Gold prices slid as the dollar improved but remained at near 2-week highs as equities also dropped due to simmering trade tensions between the United States and Europe.

      Spot gold fell by a marginal 0.1% to $1,302.02 per ounce while U.S. gold futures lost 0.2% to trade at $1,306 per ounce.

      The dollar slipped 0.1% but a drop in Asian equities kept gold prices stable and above the psychological $1,300 per ounce level.

      A global economic slowdown warning from the IMF as well as the possibility of U.S. trade tariffs on European goods had markets and investors seeking solace in bullion, which is seen as hedge against uncertainty.

      Weak U.S. manufacturing data also bolstered demand for the yellow metal despite steady dollar growth. Analysts predict gold will maintain its current position if U.S. economic figures continue to disappoint.

      10 April 2019

    • Gold Drops to 10-Week Low on Positive Sino-U.S. Talks

      Gold prices slipped in trading on Friday, 5th April, 2019 as the U.S. dollar rose on strong U.S. economic data. Positive indications from the Sino-U.S. trade talks also bolstered the currency and resulted in a drop in bullion prices.

      Spot gold fell by 0.2% to $1,289.71 per ounce and closed at near 10-week lows. U.S. gold futures however were steady at $1,294.20 per ounce.

      The anticipation of positive U.S. payrolls data is slated to impact gold prices as strong jobs data is seen as an indicator of an upturn in the economy. This in turn boosts investors’ risk appetite which dampens demand for bullion.

      Trading volumes in the precious metal are also set to be low due to China’s exchange being closed due to a public holiday in the country.

      5 April 2019

    • Gold Prices Climb on Global Uncertainties, Weak Dollar

      The price of gold rose in trading as the dollar dipped, with concerns over the global economic growth also boosting the metal’s desirability.

      Spot gold rose by 0.6% to trade at $1,303.30 per ounce after suffering a significant loss the previous day. U.S. gold futures also rose by 0.6% to $1,302.90 per ounce.

      A weakening in the dollar rate saw renewed interest in the yellow metal, as investors moved to safe-haven assets like bullion as a hedge against rising market uncertainty. Indications by various central banks of the start of a global economic slowdown also affected investor confidence in equities.

      In contrast there was a rise in silver prices as industrial interest in the metal was growing. Despite the lack of a trade deal between the United States and China, there was a slight increase in silver demand from the country’s industrial units.

      Silver rose by 1.2% to trade at $15.36 per ounce, though analysts have cautioned this could be short-lived.

      15 March 2019

    • Gold Prices Set to Continue Gains on Growth Fears

      A subdued dollar and growing fears regarding the stability of the global economy increased gold’s safe-haven appeal among investors. Spot gold rose by 0.3% to trade at $1,327.40 per ounce as weak U.S. economic data bolstered bullion acquisitions.

      U.S. gold futures dropped by 0.4% to $1,332.80 per ounce following the Federal Reserve’s meeting which indicated a resumption of interest rate hikes based on economic health.

      Analysts predict gold could continue to perform well for a while as the dollar could see a drop in value if a trade deal between the United States and China is negotiated. Higher interest rates result in declining investor interest in non-yielding bullion, especially among non-dollar buyers.

      Concerns over an economic slowdown in China due to the trade dispute and in Europe as a consequence of Brexit could further bolster gold’s fortunes in the immediate future.

      22 February 2019

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