Today Gold Rate In Bangalore

Todays gold rate in Bangalore:

  • 10g of 24K gold is 48,320 Indian Rupee
  • 10g of 22K gold is 44,300 Indian Rupee
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  • Today's Gold Rate in Bangalore ( 27 May 2020 )

    ₹ 4,436
    Today's Gold Rate (22K) per gram

    Compare 22K & 24K Gold Rate In Bangalore (Today & Yesterday)

    Today
    Yesterday
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 4,436 ₹ 4,436 ₹ 0 ↑
    Standard Gold (22 K) ( 8 grams ) ₹ 35,488 ₹ 35,488 ₹ 0 ↑
    Pure Gold (24 K) ( 1 gram ) ₹ 4,839 ₹ 4,839 ₹ 0 ↑
    Pure Gold (24 K) ( 8 grams ) ₹ 38,712 ₹ 38,712 ₹ 0 ↑

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    27 May 2020 ₹ 4,436 ₹ 35,488 ₹ 4,839 ₹ 38,712
    26 May 2020 ₹ 4,436 ₹ 35,488 ₹ 4,839 ₹ 38,712
    25 May 2020 ₹ 4,444 ₹ 35,552 ₹ 4,848 ₹ 38,784
    24 May 2020 ₹ 4,451 ₹ 35,608 ₹ 4,856 ₹ 38,848
    23 May 2020 ₹ 4,440 ₹ 35,520 ₹ 4,809 ₹ 38,472
    22 May 2020 ₹ 4,405 ₹ 35,240 ₹ 4,808 ₹ 38,464
    21 May 2020 ₹ 4,435 ₹ 35,480 ₹ 4,838 ₹ 38,704
    20 May 2020 ₹ 4,492 ₹ 35,936 ₹ 4,900 ₹ 39,200
    19 May 2020 ₹ 4,486 ₹ 35,888 ₹ 4,894 ₹ 39,152
    18 May 2020 ₹ 4,472 ₹ 35,776 ₹ 4,878 ₹ 39,024

    Weekly & Monthly Graph of Gold Rate in Bangalore

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    • 6 Months

    *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 May 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    May 1 Rate Rs.4,615 per gram
    May 16 Rate Rs.4,791 per gram
    Highest Rate in May Rs.4,791 per gram on 16 May
    Lowest Rate in May Rs.4,558 per gram on 2 May
    Overall Performance Incline

    May 2020 - Week 1 (1 - 9):

    • In Bangalore, the gold was priced at Rs.4,681 per gram on 1st May. Compared to the previous month’s closing price, the rate for every gram was down by Rs.50. The opening price of the gold was the highest recorded price for the month to date.
    • Over the week, gold prices witnessed a declining trend in the city. The rates slipped to Rs.4,631 per gram on 2nd May before increasing gradually over the next three days as investors moved away from riskier assets following U.S. President Donald Trump’s threat to impose tariffs on China over the coronavirus pandemic. A gram of the 24-karat gold cost Rs.4,666 in the city on 5th May.
    • Gold recorded its lowest price in Bangalore on 6th May as gold prices slipped pressured by a stronger dollar and expectations that the supplies of the gold will increase after bullion refineries resume operations. In the city, a gram of gold cost Rs.4,587 on 6th May.
    • The rates closed the opening week of May at Rs.4,600 per gram in Bangalore. On the final day of the week, the rates slipped marginally as investors grew hopeful about economies reopening after COVID-19 lockdowns. Over the week, gold prices witnessed a declining trend in the city.

    May 2020 - Week 2 (10-16):

    • Gold prices, in the city of Bangalore, opened at Rs.4,601 per gram on 10 May, with a marginal rise in prices compared to the previous week’s closing. The price of the metal increased on 11 May marginally to Rs.4,602 per gram. The gradual rise in prices of the metal was due to investors shifting to the bullion market after fearing the second wave of COVID-19 cases occurring all over the world.
    • The price of the metal on 12 May had increased substantially to Rs.4,719 per gram, increasing by more than Rs.100 in a day. This rise in price was due to the fears of the second wave of cases being seen in countries all over the world. With a lower risk appetite, investors shifted to the bullion market to invest in safe-haven assets. With this, the price of gold had increased by Rs.20 to Rs.4,739 per gram on 13 May.
    • Gold prices on 14 May increased to Rs.4,750 per gram with tensions rising yet again between China and the United States of America regarding the trade deal. With investors fearing the trade tensions between the two countries and its effect on the market, the price of gold increased substantially to Rs.4,755 per gram on 15 May. On 16 May, the price of the metal hit the weekly and monthly high at Rs.4,791 per gram, closing the week at the same value.

    Trend of Gold Rate in Bangalore for April 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    April 1 Rate Rs.4,053 per gram
    April 30 Rate Rs.4,731 per gram
    Highest Rate in April Rs.4,800 per gram on 27 April
    Lowest Rate in April Rs.4,053 per gram from 1 - 5 April
    Overall Performance Incline

    April 2020 - Week 1 (1 - 4):

    • Bangalore saw gold prices opening the month of April at Rs.4,053 per gram recovering marginally from the low prices of the previous month with traders selling off assets to hoard cash. However, the price of the gold held steady in the country and city at Rs.4,053 throughout the week.
    • With constant fluctuations in gold rate in the international market, gold prices had dipped yet again with the rising value of the dollar. However, it increased with investors awaiting the job data from the United States of America.
    • With the job data turning out to be poor due to the novel pandemic COVID-19, investors took to the bullion market due to its safe-haven appeal. This resulted in the rise in prices of the metal during the week in the international market. However, in the city, the metal closed the first week of the month at Rs.4,053 per gram.

    April 2020 - Week 2 (5 -11):

    • In Bangalore, gold was priced at Rs.4,053 per gram at the start of the second week of April. This was the lowest recorded price of the yellow metal in the city for the month of April till date.
    • Over the week, gold rates witnessed an incline in the city. This was accounted to increased demand for the safe-haven metal and the U.S. Federal Reserve announcing a massive stimulus to combat the economic toll of the coronavirus pandemic.
    • Gold recorded its highest price for the month on 11th April with a gram costing Rs.4,440 in the city. The jump in the prices was accounted to investors hedging risks ahead of a long weekend and a meeting of top oil producers later in the day aimed at stemming a market slump. The yellow metal witnessed an inclining trend in the prices over the week.

    April 2020 - Week 3 (12 - 18):

    • Opening the month at Rs.4,053 per gram, gold prices in Bangalore showed a substantial incline in prices by the third week of the month. Opening the third week at Rs.4,354 per gram on 12 April, the price of the metal dipped marginally to Rs.4,309 per gram on 13 April as due to profit-booking by investors, the price of the metal fell. However, increasing fears of the virus limited the metal’s losses. On 14 April, the price of the metal increased marginally to Rs.4,311 per gram.
    • On 15 April, the price of the metal increased substantially to Rs.4,421 per gram, close its 7-year high price due to fears of the recession by investors along with slowed economic growth all over the world. The yellow metal’s price increased marginally to Rs.4,432 per gram on 16 April with central banks stimulus of taking measures to counteract the virus.
    • However, on 17 April, the price of gold hit its highest in the week and the month at Rs,4,453 per gram with growing fears of a recession in the economy. However, with the United States President, Donald Trump announcing measures to restart the economy in the country, the price of the metal lowered to Rs.4,304 per gram on 18 March, closing the week at the same price.

    April 2020 - Week 4 (19 - 25):

    • In Bangalore, gold price stood at Rs.4,295 per gram at the start of the fourth week of April. When compared to the previous week’s closing price, the rates for every gram were down by Rs.9 in the city.
    • The rates of the precious metal dipped to Rs.4,286 per gram on 22nd April in the city. The drop in the prices was accounted to investors scrambling for cash to cover losses in other asset classes driven by crash in oil markets as the coronavirus pandemic wrecked economies across the world.
    • Gold prices climbed in the city over the last three days of the week emboldened by hopes of more stimulus from the United States as the lockdown imposed due to Covid - 19 took a toll on the world’s largest economy and its labor market. The yellow metal closed the week in Bangalore at Rs.4,519 per gram, the highest price for the month till date.

    April 2020 - Week 5 (26 - 30):

    • The precious metal in Bangalore opened at Rs.4,530 per gram on 26 April and fluctuated throughout the week. Compared to the previous week, the metal’s prices had seen a decline due to investors taking profit and shifting to the stock market. The price of gold increased and hit its highest price on the next day on 27 April at Rs.4,800 per gram.
    • On 28 April, the price of the metal declined as investors took to profit booking of the metal. The price of gold was Rs.4,731 per gram and further dipped to Rs.4,701 per gram on 29 April. In the international market, the price of the yellow metal showed a decline in prices with investors with higher risk appetite shifted to the stock markets.
    • Gold prices on the last day of the month closed at Rs.4,731 per gram recovering marginally with central banks releasing stimulus packages to help stabilise the economy. With this, gold ended the month with an overall incline in its prices.

    Trend of Gold Rate in Bangalore for March 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    March 1 Rate Rs.4,090 per gram
    March 31 Rate Rs.4,053 per gram
    Highest Rate in March Rs.4,368 per gram on 7 March
    Lowest Rate in March Rs.3,953 per gram on 20 March
    Overall Performance Decline

    March 2020 - Week 1 (01 - 07):

    • The price of gold on 1 March was Rs.4,090 per gram and remained steady until 2 March. Even though the metal increased by 1% in the international market, the price of the gold in the country was steady due to subdued local demand in the city, despite the wedding the season. The price of gold increased to Rs. 4,116 per gram on 3 March amidst rising tensions amidst investors about the effect of the Coronavirus on the economy. Due to this, investors expected a rate cut by the Federal Reserve to mitigate the effect of the virus.
    • Gold prices increased further on 4 February at Rs.4,274 per gram and were steady till 5 March. On 4 March, gold prices increased more than 3% in the international market with the United States Federal Reserve cutting down interest rates. However, the price of the gold remained steady in the city and country with a subdued demand.
    • On 6 March, the gold rate reduced to Rs.4,253 per gram in the city due to various local factors. In the international market, the metal showed positive trends amidst continued fears of the virus. However, the U.S. dollar showed positive value in the international market which capped the gains of gold. However, at the end of the week, gold prices increased and closed at Rs.4,368 per gram on 7 March.

    March 2020 - Week 2 (8 - 14):

    • Gold prices opened the second week of March at Rs.4,337 per gram in Bangalore. Compared to the previous week’s closing price, the rates of the yellow metal slipped by Rs.31 for every gram in the city.
    • On 10 March, the rates of the yellow metal slipped to Rs.4,318 per gram in Bangalore as hopes for global stimulus measures to cushion the economic impact of the coronavirus outbreak lifted riskier assets and the dollar.
    • The rates continued to fall in the city as fears over the economic toll of coronavirus outweighed an uptick in equity markets following an interest rate cut from the Bank of England. As panic selling seeped into precious metals due to intensifying fears over the coronavirus pandemic investors rushed to cover margin calls in other assets. This resulted in gold prices slipping to Rs.4,037 per gram as of 14 March. The closing price of the yellow metal was also the lowest recorded price of gold for the month of March in Bangalore.

    March 2020 - Week 3 (15 - 21):

    • In the city of Bangalore, opened at Rs.4,037 per gram, gold prices showed an overall declining trend through the week despite constant fluctuations. After opening the week on 15 March, the price of the metal remained steady on 16 March at Rs.4,037 per gram. Gold prices held steady with the Federal Reserve of the United States of America announced an emergency rate cut to help stabilise the economy. However, with excessive panic spread around the world, traders hoarded for cash by selling their assets.
    • On 17 March, the price of the gold had increased marginally to Rs.4,079 per gram. However, on 18 March, gold prices took a major hit in its prices with traders liquidating their gold and other assets for cash during the time of the lockdown. Gold prices on 18 March were at Rs.3,974 per gram in the city, going below the Rs.4,000 per gram mark for the first time in months.
    • With the European Central Bank announcing the measures to be taken to help mitigate the losses in the economy, the price of the metal increased marginally on 19 March to be priced at Rs.4,053 per gram. However, on 20 March, investors went back to hoard cash and sell their assets. Due to this, a gram of gold was priced at Rs.3,953 per gram going below the Rs.4,000 per gram mark again. At the end of the week, due to marginal safe-haven demand, the gold rate increased and closed at Rs.4,037 per gram.

    March 2020 - Week 4 (22 - 31):

    • In Bangalore, the rates of the yellow metal stood at Rs.4,055 per gram on 22nd March. Compared to the closing price of the previous week, the rates remained unchanged in the city.
    • Over the week, the rates of gold saw a minor change of Rs.2 for a gram of the 24-karat gold on 24 March. The drop was accounted to an increase in the number of new coronavirus cases across the world even though a fresh round of stimulus measures paused a run for cash among investors.
    • Gold closed the week at Rs.4,053 per gram with the overall performance showing a declining trend in the city. The fact that the rates didn’t see much change in the prices can be accounted to the 21-day lockdown which the government enforced in a bid to contain the spread of coronavirus which has affected lakhs and claimed thousands of lives.

    Trend of Gold Rate in Bangalore for February 2020 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    1st February Rate Rs.4,014 per gram
    29th February Rate Rs.4,195 per gram
    Highest Rate in February Rs.4,232 per gram on 25 February
    Lowest Rate in February Rs.3,956 per gram on 7 and 8 February
    Overall Performance Incline

    February 2020 - Week 1 (1 - 9):

    • With the fears of the Coronavirus increasing all over the world, the gold rate in Bangalore opened at Rs.4,014 per gram on 1 February. The gold rate held steady for the next two days until 3 February amidst weak trends globally.
    • The Central Bank of China provided respite to investors after announcing a cut in the reverse repo rate to provide some liquidity in the market. However, on 4 February, the gold rate increased marginally to Rs.4,028 per gram. With China’s measures to counteract the effect of the virus on the global economy and positive economic data from the United States of America, investors with an increased risk appetite resulted in a dip in the price of gold.
    • From 5 February to 8 February, the gold price dipped from Rs.3,995 per gram to hit its lowest price in the week at Rs.3,956 per gram. However, at the end of the week, with reports of increasing number of cases and deaths, the gold price increased yet again to Rs.4,013 per gram recording a marginal decline in prices.

    February 2020 - Week 2 (10 - 16):

    • Gold prices opened the second week of February at Rs.4,013 per gram in Bangalore. There was no change in the rates of the yellow metal when compared to the closing price of the previous week.
    • The prices of the precious metal eased in the southern city as there was a fall in new coronavirus cases and the risk appetite increasing. The drop in the prices saw every gram of the 24-karat gold costing Rs.3,985 on 13 February.
    • As investors assessed the risks to the global economy due to the outbreak of coronavirus, the rates of gold increased towards the end of the week. The rates closed the week at Rs.4.036 per gram, the highest recorded price for the month till date.

    February 2020 - Week 3 (17 - 23):

    • In the largest metro city in South India, gold prices increased to a great extent, opening the third week of the month at Rs.4,107 per gram which was marginally low when compared to the previous week’s closing at Rs.4,120 per gram. This was majorly due to the rise in the value of the dollar in the global market.
    • On 18 February, gold prices increased marginally to Rs.4,109 per gram due to increased risk appetite amongst investors with China taking adequate measures to stabilise its economy by liquidating funds. However, these measures did not last long as gold prices increased substantially to Rs.4,151 per gram on 19 February with the virus outbreak escalating.
    • From 19 February, gold prices increased gradually until the closing of the week. The price of the metal on 20 February increased to Rs.4179 per gram, crossing the Rs.4,200 per gram mark on 21 February at Rs.4,213 per gram. The metal’s price increased further and closed the week at Rs.4,276 per gram.

    February 2020 - Week 4 (24 to 29):

    • In Bangalore, gold prices opened the fourth week of February at Rs.4,200 per gram. There was no change in the prices of the precious metal when compared to the previous week’s closing price.
    • Gold prices jumped to Rs.4,232 per gram on 25 February as a warning from the United States over the domestic spread of the coronavirus outbreak rattled global markets, supporting safe-haven demand.
    • The rates dropped following that as fears of a pandemic heightened after coronavirus infections surged in Italy and Iran. The rates of the yellow metal closed the week at Rs.4,195 per gram in the city with the overall performance witnessing an inclining trend in the prices.

    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 31 Rate Rs.4,014 per gram
    Highest Rate in January Rs.4,053 per gram on 9 January
    Lowest Rate in January Rs.3,848 per gram on 2 January
    Overall Performance Incline

    January 2020- 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 2020- 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.

    January 2020- Week 3(13 - 19):

    • The price of gold in Bangalore stood at Rs.3,932 per gram on 13 January and fluctuated throughout the third week of the month. The price of the metal fluctuated in the city in the first half of the week as investors awaited for the Phase 1 of the interim trade deal to be signed between China and the United States of America.
    • On 14 January, gold prices increased marginally to Rs.3,938 per gram, however, dipped substantially to Rs.3,880 per gram as the two countries signed the trade deal. Investors with a heavier risk appetite shifted to the stock market based on a strong dollar. On 16 January, the price of the metal increased to Rs.3,911 per gram as investors speculated on the unresolved issues in the trade deal such as the tariffs on Chinese products.
    • The price of the metal in the second half of the month increased to Rs.3,925 per gram as the tensions in the Middle East escalated and investors shifted to the bullion as a safe haven. The demand for gold also increased ahead of the Chinese New Year and closed the week at a price of Rs.3,932 per gram.

    January 2020- Week 4 (20 - 26):

    • In Bangalore, gold started the penultimate week of January at Rs.3,938 per gram. There was no change in the rates when compared to the previous week’s closing price.
    • The rates of gold jumped to Rs.3,956 per gram in the city with investors seeking refuge in the safe-haven metal rates as concerns over the demand of the metal grew due to the outbreak of the deadly coronavirus in China and escalating tensions in the Middle East.
    • With investors assessing the risk of coronavirus becoming a global epidemic, the rates slipped to Rs.3,927 per gram in the city. Gold prices saw gradual increase over the next few days of the week and closed at Rs.3,974 per gram in Bangalore. The overall performance of the metal showed an incline in the rates.

    January 2020- Week 5 (27 - 31):

    • The price of the metal in Bangalore in the last week of the month was Rs.3,974 per gram on 27 January. Through the week, gold prices fluctuated recording an overall incline due to constant fears of the Coronavirus outbreak globally.
    • On 28 January, the precious metal was priced at Rs.3,995 per gram recording a substantial increase from the opening price of the week. The metal held steady in the market on 29 January as well as investors awaited on the decision by the United States Federal Reserve on rate cuts. Moreover, the outbreak of the virus was taken into stock on its effect on the market.
    • The price of the metal after remaining steady for 3 days dipped to Rs.3,961 per gram on 30 January. Even amidst positive global trends, in Bangalore, the price of the metal dipped due to reduced demand as investors speculated the outcome of the Union Budget 2020 to be announced on 1 February. The price of the metal increased and closed the month and week at Rs.4,014 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

    Also Check Petrol Price and Diesel Price in Bangalore

    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 rates hike up ahead of Akshaya Tritiya festival

      Ahead of the festival, Akshaya Tritiya, the economy saw an increase in the gold prices in spite of jewellers expecting a low demand for gold due to the nation-wide lockdown and the restrictions that are in place. On MCX, on Friday, the yellow metal June futures had closed Rs.163 up at Rs.46,590 per 10 gram, having extended the 3-day gains to around Rs.1,300 per 10 gram. The silver futures on the MCX had also ended 1% higher at Rs.42,249 per kg. The India Bullion and Jewellers Association had said that the indicative price of 999 purity of gold stood at Rs.46,607 per 10 gram in the Indian bullion market and the price of 916 purity had been Rs.42,692 per 10 gram. The white metal, silver had been standing at Rs.42,030 per kg. The Tanishq website had quoted the price of 22KT gold to be Rs.4,534 per gram.

      27 April 2020

    • Price of gold falls after having risen for 3 days

      The gold prices in India had dipped sharply and had snapped the three-day gain. The nation has gone into a 21-day lockdown which has been the main catalyst for the drop in gold rates. When it comes to the MCX, gold futures had been down by 0.8% to Rs.41,039. Silver, however, had been 0.31% higher to Rs.40,648 a kg.

      When it comes to the international market, the yellow metal had advanced for a third straight session today, hitting its highest in about two weeks. Spot gold had been as much as 1.6% to $1,635.79. The white metal had risen by 1.6% to $14.49 per ounce.

      The yellow metal has rallied on US Federal Reserve's announcement of unlimited quantitative easing methods. Many central banks are now taking measures to bolster the economy.

      The ETF inflows have shown a lot of buying interest in this metal. The holdings SPDR Gold Trust had announced that its total holdings had risen by 1.3% to 935.98 tonnes.

      26 March 2020

    • Gold and silver futures dip amidst weak global cues

      On Monday, in the futures trade for April delivery, the price of gold had fallen by Rs.73 to Rs.44,085 per 10 grams. For June delivery, the precious metal had skid by Rs.111 to Rs.44,472 per 10 grams. Many market experts have said that the subdued overseas cues had driven this trend. In the global market, gold had been trading 0.46% lower at $1,664.7 per ounce.

      The white metal had fallen by Rs.1,479 to Rs.45,490 per kg. Traders dropping their bets and taking weak cues from the overseas market had been the main catalyst for this decline in the price of silver. On the MCX, silver contracts for July delivery had fallen by Rs.1,569 to Rs.45,907 per kg.

      10 March 2020

    • Uncertainly over coronavirus sees gold hold near two-week high

      The week started with gold holding the near 2-week high owing to the uncertainty regarding coronavirus. The outbreak of the disease has had an impact on the worldwide economy, and spot gold prices were recorded at $1582.27 per ounce. The epidemic has urged Singapore to lower its growth forecast for 2020, while Japanese manufacturers are still pessimistic about February. Palladium prices increased by 0.5% to close at $2443.61 per ounce. Silver, on the other hand, was also up by 0.6% to close at $17.84. Elsewhere, platinum prices increased by 0.3% to close at $966.40.

      17 February 2020

    • 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

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