Today Gold Rate In Bangalore

Today's gold rate in Bangalore:

  • 10g of 24K gold is 38,800 Indian Rupee
  • 10g of 22K gold is 36,950 Indian Rupee
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  • Today's Gold Rate in Bangalore ( 18 Jan 2020 )
    ₹ 3,738
    Today's Gold Rate (22K) per gram
    Compare Gold Rate In Bangalore (Today & Yesterday)
    Today
    (18 Jan 2020)
    Yesterday
    (17 Jan 2020)
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 3,738 ₹ 3,725 ₹ 13 ↑
    Standard Gold (22 K) ( 8 grams ) ₹ 29,904 ₹ 29,800 ₹ 104 ↑
    Pure Gold (24 K) ( 1 gram ) ₹ 3,925 ₹ 3,911 ₹ 14 ↑
    Pure Gold (24 K) ( 8 grams ) ₹ 31,400 ₹ 31,288 ₹ 112 ↑
    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    18 Jan 2020 ₹ 3,738 ₹ 29,904 ₹ 3,925 ₹ 31,400
    17 Jan 2020 ₹ 3,725 ₹ 29,800 ₹ 3,911 ₹ 31,288
    16 Jan 2020 ₹ 3,725 ₹ 29,800 ₹ 3,911 ₹ 31,288
    15 Jan 2020 ₹ 3,695 ₹ 29,560 ₹ 3,880 ₹ 31,040
    14 Jan 2020 ₹ 3,750 ₹ 30,000 ₹ 3,938 ₹ 31,504
    13 Jan 2020 ₹ 3,745 ₹ 29,960 ₹ 3,932 ₹ 31,456
    12 Jan 2020 ₹ 3,745 ₹ 29,960 ₹ 3,932 ₹ 31,456
    11 Jan 2020 ₹ 3,765 ₹ 30,120 ₹ 3,953 ₹ 31,624
    10 Jan 2020 ₹ 3,768 ₹ 30,144 ₹ 3,956 ₹ 31,648
    09 Jan 2020 ₹ 3,860 ₹ 30,880 ₹ 4,053 ₹ 32,424

    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 rate 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 January 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    January 1 Rate Rs.3,860 per gram
    January 12 Rate Rs.3,932 per gram
    Highest Rate in January Rs.4,053 per gram on 9 January
    Lowest Rate in January Rs.3,860 per gram on 1 January
    Overall Performance Decline

    January 2019- Week 1 (01 - 05):

    • The price of gold in Bangalore stood at Rs.3,860 per gram on 1 January and increased throughout the first week of the month. Compared to the previous week’s closing price the rates saw a marginal increase in price by Rs.23.
    • Gold prices increased through the week based on a soft dollar and rising tensions on the geopolitical front between the United States of America and Iran. Due to a weak dollar, the price of the metal Rs.3,851 per gram on 3 January.
    • However, as the tensions between the U.S. and the Middle East increased, investors shifted from the stock market to the bullion. On 4 January, gold was priced at Rs.3,932 per gram and closed the week at Rs.3,946 per gram on 5 January.

    January 2019- Week 2(06 - 12):

    • The price of gold in Bangalore stood at Rs.3,946 per gram on 6 January and fluctuated throughout the second week of the month. Compared to the previous week’s closing price the rates saw a marginal increase in price by Rs.14 per gram.
    • Gold prices in the first half of the week increased from 3,946 per gram to Rs.4,022 per gram on 7 January due to the escalating geopolitical tensions between the United States of America and Iran. As the value of the dollar was steady and investors awaited on further developments, the price of gold hit its weekly high at Rs.4,053 per gram on 9 January. This was majorly due to a steady local demand as well.
    • However, as the tensions between the U.S. and the Middle East was neutralised when United States President Donald Trump decided to ease the tensions by not retaliating. The market bounced back, and risk appetite increased amongst investors. The metal saw a steady decline in prices and closed the week at Rs.3,932 per gram.

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

    Parameters Gold price (24 karat)
    December 1 Rate Rs.3,764 per gram
    December 29 Rate Rs.3,746 per gram
    Highest Rate in December Rs.3,780 per gram on 5 December
    Lowest Rate in December Rs.3,704 per gram on 12 and 14 December
    Overall Performance Decline

    December 2019- Week 1 (1 – 8):

    • In Bangalore, the price of gold showed a declining trend over the fifth and final week of November. The rates opened the week at Rs.3,746 per gram and was steady when compared to the previous week’s closing price.
    • The rates declined to the lowest for the month on 28 November with every gram costing Rs.3,722. The drop in the prices was accounted to traders waiting for more updates on the US-China trade deal.
    • Gold closed the week at Rs.3,722 per gram as officials of both countries didn’t provide any details about the trade deal. Gold’s overall performance in the city over the week was trending downwards.

    December 2019- Week 2 (9 - 15):

    • Gold price in Bangalore stood at Rs.3,722 per gram on December 9. The rates didn’t see any change in the prices when compared to the previous week’s closing price.
    • The rates dropped in the following three days as investors adopted a wait and watch approach about the new US tariffs on Chinese products and US Federal Reserve’s monetary policy statement. Gold touched its lowest recorded price for the month till date on 12 December with every gram costing Rs.3,704 per gram.
    • Gold closed the second week of December at Rs.3,732 per gram in Bangalore. The overall performance of the yellow metal in the city was trending downwards.

    December 2019- Week 3 (16 – 22):

    • The price of gold in Bangalore opened the week at Rs.3,732 per gram on 16 December and increased throughout the week. By 18 December, the metal was worth Rs.3,738 per gram with a marginal rise in prices due to uncertainties in the trade deal between the United States of America and China.
    • On 19 December, the metal’s prices increased marginally Rs.3,743 per gram due to mixed signals from the trade deal and amidst a positive job data in the United States of America.
    • In the second half of the week, the price of the metal increased further majorly due to the impeachment of the United States President, Donald Trump. Gold prices crossed the Rs.3,745 per gram mark on 21 December and closed the week at Rs.3,746 per gram.

    December 2019- Week 4 (23 - 29):

    • The price of gold in Bangalore opened the week at Rs.3,732 per gram on 16 December and increased throughout the week. By 18 December, the metal was worth Rs.3,738 per gram with a marginal rise in prices due to uncertainties in the trade deal between the United States of America and China.
    • On 19 December, the metal’s prices increased marginally Rs.3,743 per gram due to mixed signals from the trade deal and amidst a positive job data in the United States of America.
    • In the second half of the week, the price of the metal increased further majorly due to the impeachment of the United States President, Donald Trump. Gold prices crossed the Rs.3,745 per gram mark on 21 December and closed the week at Rs.3,746 per gram.

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

    Parameters Gold price (24 karat)
    November 1 Rate Rs.3,780 per gram
    November 30 Rate Rs.3,722 per gram
    Highest Rate in November Rs.3,812 per gram on 3, 4 and 5 November
    Lowest Rate in November Rs.3,722 per gram on 28, 29 and 30 November
    Overall Performance Decline

    November 2019- Week 1 (01-03):

    • In Bangalore, gold opened the month of November at Rs.3,780 per gram due to a falling rupee and trade tensions between China and the United States of America. The rate cut of 1% by the United States Federal Reserve also played a major role in gold prices being steady.
    • The precious metal remained steady at Rs.3,780 per gram on 2 November as well due to stagnant local demand and fluctuating market.
    • However, on 3 November, gold prices surged to Rs.3,812 per gram due to increased local demand and renewed trade talk uncertainty.

    November 2019- Week 2 (04-08):

    • Gold prices in Bangalore opened the month at Rs.3,780 per gram and showed a downward trend in the second week of November due to increased optimism from investors on the trade talks between the United States of America and China.
    • The price of gold on 4 October was Rs.3,812 per gram and decreased marginally to Rs.3,809 per gram on 5 November due to the rise in the value of the dollar and positive cues from the trade talks between the two economic superpowers.
    • On 6 November, gold prices decreased further based on the rise in risk appetite from investors as the United States of America and China mutually agree on tariff roll-back in the first phase of the deal.
    • Gold prices were hit and decreased to Rs.3,770 per gram on 7 November as investors went back to the stock market after continued optimism over the trade talks. The price of the metal closed the month a monthly low of Rs.3,767 per gram.

    November 2019- Week 3 (09-17):

    • In Bangalore, gold saw a fluctuating trend in its prices over the third week of November. The yellow metal opened the week at Rs.3,746 per gram. Compared to the previous week’s closing price, the rates witnessed a drop of Rs.21 for every gram.
    • The prices continued to fluctuate over the following days due to positive developments in the trade talks between the United States and China.
    • An upbeat risk appetite from investors in the hope of positive developments regarding the trade talks between the nations saw the prices plummet to Rs.3,738 on 13 November before recovering.
    • Gold closed the week in Bangalore at Rs.3,757 per gram.

    November 2019- Week 4 (18 - 24):

    • The price of gold showed a declining trend in Bangalore in the fourth week of November, opening at Rs.3,757 per gram and was steady compared to the previous week’s closing. On 19 November, the price of the metal dipped slightly to Rs.3,751 per gram.
    • On 20 November, gold prices surged to Rs.3,770 per gram due to trade deal tensions amongst investors as United States President threatened to increase tariffs on Chinese goods if a deal was not reached soon.
    • Gold prices were holding steady until 24 November, when it dipped to Rs.3,746 per gram due to positive job data in the U.S. strengthened the dollar and investors shifted to the stock market for their investments. The metal closed the week at the same price.

    November 2019- Week 5 (25 – 30):

    • In Bangalore, the price of gold showed a declining trend over the fifth and final week of November. The rates opened the week at Rs.3,746 per gram and was steady when compared to the previous week’s closing price.
    • The rates declined to the lowest for the month on 28 November with every gram costing Rs.3,722. The drop in the prices was accounted to traders waiting for more updates on the US-China trade deal.
    • Gold closed the week at Rs.3,722 per gram as officials of both countries didn’t provide any details about the trade deal. Gold’s overall performance in the city over the week was trending downwards.

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

    Parameters Gold price (24 karat)
    Rate on 1st October Rs.3,717 per gram
    Rate on 31st October Rs.3,775 per gram
    Highest Rate in October Rs.3,796 per gram on 27 October – 29 October
    Lowest Rate in October Rs.3,660 per gram on 2 October
    Overall Performance Incline

    October 2019- Week 1 (1-6):

    • Demand for bullion rose steadily ahead of the festive season, with gold price in Bangalore opening at Rs.3,717 per gram.
    • Gold rate in Bangalore dipped briefly to Rs.3,660 per gram on 2 October but an increase in overseas offtake bolstered local demand as well, with the metal climbing to Rs.3,746 per gram on 4 October.
    • Escalations in the trade war and apprehension over U.S.-China trade talks kept equities low as investors switched to bullion, with the metal trading at Rs.3,759 per gram when the week ended on 6 October.

    October 2019- Week 2 (7-13):

    • The demand for bullion increased in the second week of October due to the increased demand for the festive season in Bangalore. Gold rate in Bangalore opened the month at Rs.3,717 per gram and increased to Rs.3,759 per gram on 7 October.
    • Due to increased tensions in the trade war between the United States of America and China, investors leaned on the bullion market for haven investments. Gold price in Bangalore hit its weekly high at Rs.3,780 per gram on 11 October.
    • However, the gold price dipped marginally when United States President Donald Trump’s remarks eased the trade tensions resulting in investors shifting their focus to the stock market. At the end of the week, on 13 October, gold closed at Rs.3,749 per gram.

    October 2019- Week 3 (14-20):

    • In Bangalore, the price of gold at the end of week 3 of October was Rs.3,749 per gram which remained steady in the fourth week of the month as well. This was mainly due to the ongoing crucial talks between Great Britain and the European Union on Brexit.
    • On 16 October, gold prices hit its monthly high in the city at Rs.3,788 per gram due to the uncertainty in the trade talks and Brexit resulted in investors shifting towards the bullion market as safe haven.
    • In the second half of the week, gold prices kept decreasing daily marginally due to the renewed optimism in the U.S. - China trade talks and limited offtake from local jewellers decreasing the local demand of the yellow metal.

    October 2019- Week 4 (21-27):

    • Due to steady local demand and investors waiting on further developments on the trade talks between the United States of America and Brexit, gold prices opened the week at Rs.3,775 per gram on 21 October, however, decreasing to Rs.3,757 per gram on 23 October.
    • On 24 October and 25 October, prices of gold remained steady at Rs.3,775 per gram due to uncertainties in the Brexit discussion between the European Union and Great Britain.
    • However, on 26 October, prices of gold soared to touch its 2-week high at Rs.3,799 per gram as due to weak economic data, the Federal Reserve hinted another rate cut in the year which resulted in investors shifting to the bullion. The price of gold closed the week at Rs.3,796 per gram.

    October 2019- Week 5 (28-31):

    • Due to positive cues on the trade talks between the United States of America and China, the price of gold on 28 October was Rs.3,796 per gram and held steady until 29 October as investors awaited updates on the trade talks which resulted in the rise in the value of the dollar.
    • However, on 30 October, gold prices plummeted due to renewed trade optimism and investors focusing on the much-awaited rate cuts by the United States Federal Reserve.
    • The price of gold recovered on 31 October as the trade talk optimism faded as the United States Federal Reserve announced a 1% rate cut, leading investors to invest in the bullion as the dollar fell. The precious metal closed the month at Rs.3,775 per gram.

    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.3,437 per gram
    September 30 Rate Rs.3,806 per gram
    Highest Rate in September Rs.3,841 per gram on 30 September
    Lowest Rate in September Rs.3,407 per gram on 2 September
    Overall Performance Incline
    Percentage Change 11.75%

    September 2019- Week 1 (1-8):

    • Echoing trends seen across other cities, gold rate 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 gold price in Bangalore 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 price 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 gold rate in Bangalore 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.

    September 2019- Week 3 (16-22):

    • Sluggish retail demand and greater interest in equities resulted in gold price in Bangalore falling steadily after opening unchanged at Rs.3,780 per gram on 16 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 gold rate in Bangalore to Rs.3,754 per gram on 19 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 20 September before closing the week lower at Rs.3,689 per gram.

    September 2019- Week 4 (23-30):

    • After opening the week unchanged at Rs.3,770 per gram, gold rate in Bangalore soared to Rs.3,833 per gram on 27 September 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 September, though industrial offtake kept prices steady.
    • The gold price in Bangalore surged to Rs.3,841 per gram on 30 September after fresh economic uncertainty owing to weak economic data, with the metal ending the month at Rs.3,806 per gram.

    Also Check Gold Price in Metro Cities

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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 reduce amidst easing tensions in the Middle East

      On Friday, 10 January, the price of gold dipped by 1% as the tensions between Iran and the United States of America eased. This resulted in a higher risk appetite amongst investors and prompted them to invest in the stock market with a recovering dollar value. Spot gold fell by 0.1% to $1,550.66 per ounce. U.S. gold futures dipped by 0.2% to $1,551.60 per ounce.

      Global stocks hit record highs after President Donald Trump along with Iran hinted ease in the military tensions instead of escalating them. This was immediately after Iran attacked the U.S. Army base in Iraq. The United States House of Representatives passed a resolution which prevented further military action against Iran. Due to the uncertainties in the political and economic front, investors had turned to gold helping it cross the $1,600 per ounce mark in the previous week.

      The United States dollar value is set to increase soon after 15 January as the first phase of the trade deal between China and the United States of America is to be signed. With the easing of geopolitical tensions and the trade deal is signed, the dollar is all set for one of its best weeks in two months.

      SDPR Gold Trust fell by 0.5% to 882.12 tonnes on Thursday, however silver prices increased by 0.2% to $17.93 per ounce.

      15 January 2020

    • Gold prices slip by Rs.33 in Mumbai’s bullion market

      The rates of the yellow metal slipped by Rs.33 in Mumbai's bullion market on Wednesday. Following the slip in the prices, every 10 grams of gold was being traded for Rs.37,766. The prices fell on the back of a strong rupee as traders await signs from the US Federal Reserve monetary policy to be held tomorrow. The cost of every 10 grams of the 22-carat gold in the financial capital was Rs.34,594 plus 3 percent GST while the price of 10 grams of the 18-carat gold was quoted at Rs.28,325 plus GST.

      In the futures market, the rates of gold touched an intraday high of Rs.37,700 and an intraday low of Rs.37,534 on the MCX. For the February series, gold touched a low of Rs.36,098 and a high of Rs.40,806. Gold futures for delivery in February and April rose by Rs.107 and Rs.97 on the MCX trading in a business turnover of 16,556 and 2,247 lots. The current value of February and April contracts traded so far is Rs.2,408.83 crore and Rs.138.13 crore respectively.

      11 December 2019

    • Gold prices increase due to renewed uncertainty in trade deal between the U.S. and China

      Gold futures increased during the early trade on 14 November due to uncertainty in the trade talks between China and the United States of America. The rupee weakened against the dollar as well which played a factor in the rise in prices of the bullion.

      However, the increase in gold prices were capped due to the rise in equities due to the rupee bouncing back which hampered the demand of the bullion.

      18 November 2019

    • Gold remains firm ahead of Brexit Vote

      Gold prices moved higher on Tuesday ahead of the crucial vote by the British lawmakers which in the end will determine whether Britain will remain a part of European Union (EU) or not.

      Prices of spot gold rose 0.2% higher to $1,487.20 per ounce, while U.S. gold futures also gained 0.2% to $1,490.30.

      Britain Prime Minister Boris Johnson will begin his parliamentary battle with the British lawmakers as he will attempt to convince them why Britain should not be a part of EU.

      The benchmark S&P 500 stock index rose to within a striking distance of an all-time high after the reports of progress in the trade talks between U.S. and China.

      23 October 2019

    • Gold Prices Dip As Silver Gains

      Gold prices edged lower in early trading, reversing gains made the previous day. Gold futures dropped 0.20% to trade at Rs.38,310 on the Multi Commodity Exchange (MCX) on profit booking by investors.

      However the precious metal fared better on the spot market, rising by Rs.315 to trade at Rs.39,325 for 10 grams in Delhi.

      This reflected global trends, where gold rose by 0.1% to $1,505.95 per ounce amidst an increase in safe-haven asset interest. Geopolitical tensions and the lingering U.S.-China trade spat continued to dampen equity demand globally.

      Silver prices saw some gains as the industrial metal traded 0.15% higher at Rs.45,943 per kg on the MCX. Increasing industrial demand due to a weak rupee favoured exports, which boosted local demand.

      9 October 2019

    • Gold prices remain steady in the global market amidst trade talk speculations

      After rising to more than the two-week peak in its last session, gold prices steadied in the current session due to fears of global economic slowdown and tensions in the Middle East.

      Spot gold remained steady at $1,521.01 per ounce as compared to the metal hitting its monthly high at $1,526.80 an ounce on 6 September 2019. On the other hand, gold futures were down by 0.3% at $1,527.10 per ounce.

      SDPR Gold Trust, the world’s largest gold-backed exchange trade fund reported an increase of 1.6% in their holdings to 908.52 tonnes on Monday.

      There have been many geopolitical factors affecting the stock and bullion market daily such as the attacks on Saudi Arabia’s oil facility and major powers blaming Iran for the same. Along with this, the dollar rose against other currencies by 0.1%.

      24 September 2019

    • 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

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