Gold Rate In Bangalore Today

The gold rate in Bangalore is determined by both local and international trends. One on the most prefered places in India to purchase gold, Bangalore is renowned for gold jewellery and ornaments. Read on to know about gold rate trends in Bangalore.
Daily Gold Rates
Date Standard Gold (22 K) Pure Gold (24 K)
1 gram 8 grams 1 gram 8 grams
15 Dec 2018 ₹ 2,950 ₹ 23,600 ₹ 3,098 ₹ 24,784
14 Dec 2018 ₹ 2,990 ₹ 23,920 ₹ 3,140 ₹ 25,120
13 Dec 2018 ₹ 2,990 ₹ 23,920 ₹ 3,140 ₹ 25,120
12 Dec 2018 ₹ 2,990 ₹ 23,920 ₹ 3,140 ₹ 25,120
11 Dec 2018 ₹ 2,955 ₹ 23,640 ₹ 3,103 ₹ 24,824
10 Dec 2018 ₹ 2,950 ₹ 23,600 ₹ 3,098 ₹ 24,784
09 Dec 2018 ₹ 2,950 ₹ 23,600 ₹ 3,098 ₹ 24,784
08 Dec 2018 ₹ 2,903 ₹ 23,224 ₹ 3,048 ₹ 24,384
07 Dec 2018 ₹ 2,900 ₹ 23,200 ₹ 3,045 ₹ 24,360
06 Dec 2018 ₹ 2,900 ₹ 23,200 ₹ 3,045 ₹ 24,360

*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 December 2018 (rates per gram of 24 karat gold)

December 2018 - Week 1 (1 - 9):

Parameters Gold price (per gram of 24 karat gold)
December 1 Rate Rs.2,982 per gram
December 9 Rate Rs.3,098 per gram
Overall Weekly Performance Incline
  • An increase in overseas and local demand saw gold prices in Bangalore surge this week, as the metal opened the week at Rs.2,982 per gram.
  • Fears over the impact of Brexit and the protests in France affected markets and led investors to increase safe-haven gold purchases.
  • Gold rates jumped from Rs.3,045 per gram on 6 December to close the week at Rs.3,098 per gram, recording a rise of Rs.116 per gram over the course of the week.

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

November 2018 - Week 1 (1 - 4):

Parameters Gold price (per gram of 24 karat gold)
November 1 Rate Rs.3,140 per gram
November 4 Rate Rs.3,129 per gram
Overall Weekly Performance Decline
  • When trading commenced for the month, gold rate in Bangalore was recorded holding at Rs.3,140 per gram as domestic bullion markets capitalised on the previous month’s gains.
  • However, with domestic trade weighed on by the recovering dollar, prices plunged to Rs.3,124 per gram on the 2nd.
  • Gold price in Bangalore remained untouched at Rs.3,124 per gram the next day before an increase in domestic offtake led to rates rebounding to Rs.3,129 per gram on the 4th.

November 2018 - Week 2 (5 - 11):

Parameters Gold price (per gram of 24 karat gold)
November 5 Rate Rs.3,129 per gram
November 11 Rate Rs.3,079 per gram
Overall Weekly Performance Decline
  • Gold in Bangalore was recorded trading at Rs.3,129 per gram on the 5th when the week began with steady demand from industries, retailers and jewellers amid favourable market cues.
  • However, a drop in domestic demand despite the arrival of the festive season led to prices dropping to Rs.3,119 per gram on the 8th.
  • With the US dollar strengthening against other apex currencies following the Fed policy statement, gold rate in Bangalore dropped further to Rs.3,079 per gram on the 11th.

November 2018 - Week 3 (12 - 18):

Parameters Gold price (per gram of 24 karat gold)
November 12 Rate Rs.3,079 per gram
November 18 Rate Rs.3,061 per gram
Overall Weekly Performance Decline
  • Poor retail sales due to a falling rupee and a weak overseas trend marked a tough week for gold, as the metal opened at Rs.3,079 per gram on 12 November.
  • Gold price in Bangalore rose briefly to Rs.3,082 per gram on 13 November as market volatility in the U.S. due to the ongoing midterm elections saw greater interest in safe-haven bullion purchases.
  • As the rupee continued to weaken against the U.Sdollar, local demand fell sharply which was reflected in gold rates in Bangalore falling to Rs.3,035 per gram on 15 November.
  • Gold Price in Bangalore jumped to Rs.3,061 per gram on 18 November thanks to overseas trends but the metal lost Rs.17 in value over the course of the week.

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

Parameters Gold price (24 karat)
October 1 Rate Rs.3,071 per gram
October 31 Rate Rs.3,188 per gram
Highest Rate in October Rs.3,211 per gram on 15 October
Lowest Rate in October Rs.3,071 per gram on 1 October
Overall Monthly Performance Incline
Percentage Change 3.80%
Comparison for 24 K Gold Rates for Bangalore oct-1 2018
Graph for Gold Rate (24K) in Bangalore oct-1 2018

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 price in Bangalore 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 price in Bangalore 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.

October 2018 - Week 2 (8 - 14):

Parameters Gold price (per gram of 24 karat gold)
October 8 Rate Rs.3,092 per gram
October 14 Rate Rs.3,119 per gram
Overall Weekly Performance Incline
  • Bangalore saw a slight decline in the price of gold as the value of dollar rose on 8 October. This trend continued followed for a couple of days.
  • On 11 October, the precious metal rose in value as global stocks along with the value of the dollar in correspondence to other currencies dipped in value.
  • Week 2 ended with gold in Bangalore being priced at Rs.3,119 per gram, recording an inclining trend.

October 2018 - Week 3 (15 - 21):

Parameters Gold price (per gram of 24 karat gold)
October 15 Rate Rs.3,119 per gram
October 21 Rate Rs.3,127 per gram
Overall Weekly Performance Incline
  • Following trends seen across other cities in India, there was a steady rise in the price of gold thanks to increased retail sales.
  • The precious metal was priced at Rs.3,119 per gram on 15 October before prices rose sharply to Rs.3,131 per gram on 16 October.
  • Safe-haven demand and a falling dollar kept gold prices in Bangalore consistent, in spite of fluctuating demand overseas.
  • As the dollar and stock markets recovered, interest in gold fell and gold traded at Rs.3,116 per gram on 18 October.
  • Gold price in Bangalore rose on rising local demand as gold rose to Rs.3,129 per gram on 19 October before closing the week at Rs.3,127 per gram on 21 October.

October 2018 - Week 4 (22 - 28):

Parameters Gold price (per gram of 24 karat gold)
October 22 Rate Rs.3,127 per gram
October 28 Rate Rs.3,137 per gram
Overall Weekly Performance Incline
  • With the festive season and market uncertainty, there was a surge in demand for gold during the week.
  • Gold opened at Rs.3,127 per gram on 22 October and rose to Rs.3,134 per gram on 24 October on strong retail demand.
  • Industrial demand was sluggish as the falling rupee made bullion imports more expensive, but retail demand kept prices from dropping.
  • Brexit negotiations and political developments in the U.S. affected global markets and prompted increased interest in bullion as a safe-haven asset, as gold rose to Rs.3,136 per gram on 26 October.
  • Gold rates in Bangalore were steady for the rest of the week, trading at Rs.3,137 per gram on 28 October to record a rise in price of Rs.10 during the week.

October 2018 - Week 5 (29-31):

Parameters Gold price (per gram of 24 karat gold)
October 29 Rate Rs.3,194 per gram
October 31 Rate Rs.3,188 per gram
Overall Weekly Performance Decline
  • Echoing trends seen across other cities, gold rates slid as rising dollar rates negatively impacted gold prices and demand.
  • The precious metal was priced at Rs.3,194 per gram on 29 October as festive demand bolstered retail sales, though industrial demand was sluggish.
  • Fears of an economic slowdown and the ongoing Sino-U.S. trade war impacted bullion demand from Asia, as the yellow metal fell to Rs.3,191 per gram on 30 October.
  • Impending sanctions against Iran and failing Brexit negotiations shored up the dollar, as gold prices in Bangalore dropped to Rs.3,188 per gram on 31 October.
  • Sluggish retail sales and unfavourable overseas trends were attributed to gold’s value falling by Rs.6 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.

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

  • Gold Steadies on Decreased Rate Hike Expectations

    Gold rates steadied as expectations of fewer rate hikes were backed by statements from the U.S. Federal Reserve. Spot gold recorded a rise of 0.1% to trade at $1,244.40 per ounce. U.S. gold futures performed slightly better, rising by 0.2% to $1,249.9 per ounce.

    The dollar traded high, supported by a weakening pound due to the uncertainty surrounding Brexit. China’s pledge to cut tariffs on U.S.-built cars also boosted the American currency, as the possibility of an end to the trade dispute cheered stock markets.

    The world’s largest gold-backed exchange traded fund, SPDR Gold Trust also reported a 0.43% rise in its holdings from 760.32 tonnes to 763.56 tonnes.

    12 December 2018

  • Gold Shines, Silver Surges on Local Demand Spike

    The prices of both gold and silver rose on strong overseas cues and rising local demand. Silver jumped by Rs.800 to close trading at Rs.38,500 per kg on a rise in local industrial demand and increased orders by coin makers. Weekly silver delivery rose by Rs.1,094 to trade at Rs.38,300 per kg.

    Gold of 99.9 purity rose by Rs.250 to trade at Rs.32,350 for 10 grams as an uptick in jeweller demand boosted prices. Sovereign gold prices also rose by Rs.100 to trade at Rs.25,000 per 8-gram piece.

    Global gold prices also witnessed a rise in price, trading at $1,247.46 per ounce in New York. Silver prices rose marginally, trading at $14.62 per ounce as the dollar strengthened.

    8 December 2018

  • Gold Continues to Slide as Silver Recovers

    Gold prices extended their losses, dropping a further Rs.20 as the rupee gained against the dollar. Tepid demand from overseas also factored in the decline, as gold of 99.5% purity traded at Rs.31,540 for 10 grams. Gold has fallen by over Rs.300 over two days, though higher overseas prices capped local losses.

    Silver prices rose by Rs.60 to trade at Rs.37.160 per kg. Silver coins remained static at Rs.72,000 for buying and Rs.73,000 for selling.

    The rupee rose to Rs.69.58 against the dollar, reducing the cost of bullion imports.

    Global gold rates also fell as the dollar firmed ahead of the meeting between the U.S. and Chinese leaders at the G20 summit. Spot gold fell by 0.2% to $1,221.80 per ounce. Gold futures dropped by a similar margin to trade at $1,221.70 per ounce.

    4 December 2018

  • Gold Steadies as Silver Surges on Industrial Demand

    Silver prices saw a steep rise on strong industrial demand, rising by Rs.380 to trade at Rs.37,740 per kg. Coin makers also increased demand, which boosted sales of the industrial metal.

    Gold on the other hand traded flat on subdued demand from jewellers in spite of firm overseas trends. 99.9 purity gold traded at Rs.31,850 for 10 grams, while 99.5 purity gold traded at Rs.31,700 for 10 grams. Sovereign gold moved contrary to spot gold prices, rising by Rs.100 to trade at Rs.24,800 per 8-gram piece.

    International demand for gold was on the rise, with the metal trading at $1,237.85 per ounce on a weak dollar. Fears of additional interest rate hikes were allayed by the Federal Reserve, which also boosted investor interest in gold overseas.  

    4 December 2018

  • Gold Surges on Jeweller, Overseas Demand

    Gold rates spiked on increased overseas demand and rising orders from local jewellers. Prices rebounded after several consecutive days of losses. Gold of 99.9 purity rose by Rs.390 to trade at Rs.31,850 for 10 grams. Sovereign gold remained unchanged, continuing to trade at Rs.24,700 per 8 gram piece.

    Silver prices leapfrogged on steady demand from coin makers and industrial units, trading at Rs.37,360 per kg to record a Rs.800 rise in a single day of trading. Silver coins traded at a flat Rs.72,000 for buying and Rs.73,000 for selling for 100 pieces.

    International demand for bullion was on the rise, with spot gold rising by 0.7% to trade at $1,230.81 per ounce. U.S. gold futures also rose by 0.9% to trade at $1,236.50 per ounce.

    3 December 2018

  • Gold and silver prices remain lacklustre due to weak demand

    Gold and silver are undergoing some weak days as demand remains lacklustre which has either caused their rates to remain unchanged or drop considerably.

    At the Multi Commodity Exchange (MCX), gold was trading at Rs.30,320 per 10 gram - which was a Rs.82 drop while silver was trading at Rs.35,775 per kg - a Rs.3 drop from the day’s early sessions.

    Motilal Oswal, a securities firm, has said that it expects gold to slot in between Rs.30,225 per 10 gram and Rs.30,780 per 10 gram respectively. It further said that gold is likely to remain on the low once the cap is hit.

    The company further stated that prices could drop if demand takes a hit slightly and could test lower support at Rs.30,225 to Rs.30,175 per 10 gram.

    29 November 2018

  • Gold, Silver Slip on Weak Global Demand

    A rise in the dollar rate resulted in gold rates falling, as investors moved to safe-haven currency assets. Fears of a global economic slowdown prompted tepid demand for bullion, as gold rates fell by Rs.59 to trade at Rs.30,775 for 10 grams on the Multi Commodity Exchange (MCX).

    Silver prices also took a beating, falling by Rs.28 to trade at Rs.36,564 per kg as industrial demand was sluggish.

    Analysts expect gold to trade sideways due to the current economic climate, with prices expected to trade close to Rs.30,600 for 10 grams.

    21 November 2018

  • Gold Holds Steady As Dollar Softens

    Early trading saw gold prices hold steady as the dollar fell due to weak U.S. economic data. Spot gold fell by 0.1% to trade at $1,222.71 per ounce as investors tread cautiously after comments by the Federal Reserve on the state of the global economy.

    U.S. gold futures fell by 0.2% to trade at $1,233.5 per ounce as the Federal Reserve announced it would continue with its interest rate hike policy. This comes in the wake of mounting doubts about such a policy among financial markets.

    Asian stocks fell when markets in the continent opened after the steep fall across U.S. markets brought on by technology stocks losing investor confidence. Weak economic data from the U.S. after a period of steady growth rattled the dollar, which led to further turmoil among indices and investors.

    20 November 2018

  • Gold and Silver Trade at Stable Rate Ahead of Thanksgiving Weekend

    Gold and silver traded at a stable rate after seeing a fair bit of fluctuation in the previous week. Demand was subdued ahead of the Thanksgiving weekend holiday, with gold futures for December rising by $0.70 per ounce to trade at $1,223.80 per ounce.

    Meanwhile, silver futures for December delivery showed mixed results, rising by $0.003 to trade at $14.385 per ounce. Stock markets were a mixed bag as traders were wary of further fluctuations due to turbulent markets.

    The dollar index continued to trade weakly, with the U.S. currency falling against a basket of global currencies due to ongoing tensions within the country as well as comments made by the Federal Reserve on global economic health.

    19 November 2018

  • Gold Price Surge Dims Holiday Demand

    Demand for gold was sluggish as a rise in domestic bullion prices put off many consumers. Gold futures traded at Rs.32,070 for 10 grams for December delivery, marking the steepest rise in price since the start of the year.

    In spite of the wedding season and auspicious occasions like Dhanteras approaching, many jewellers report a drop in footfalls due to the price rally. The falling rupee has also made gold more expensive for local buyers, which has resulted in a reduction in sale volumes.

    Many sellers have begun offering discounts and rate reductions in an effort to stimulate sales during the season, as gold sales across Asia also dipped.

    28 October 2018

  • For more related news /update on gold price visit: Gold News

Gold Rate - Sitemap

Gold Rate In Metro Cities
Gold Rate In Other Capitals
Gold Rate In Other Major Cities
Gold Rate In States
Bank Gold Schemes
reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.