Today Gold Rate In Bangalore

Todays gold rate in Bangalore:

  • 10g of 24K gold is 50,410 Indian Rupee
  • 10g of 22K gold is 46,210 Indian Rupee
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  • Today's Gold Rate in Bangalore ( 17 Jan 2021 )

    ₹ 4,550
    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 ) ₹ 4,550 ₹ 4,600 ₹ -50 ↓
    Standard Gold (22 K) ( 8 grams ) ₹ 36,400 ₹ 36,800 ₹ -400 ↓
    Pure Gold (24 K) ( 1 gram ) ₹ 4,964 ₹ 5,018 ₹ -54 ↓
    Pure Gold (24 K) ( 8 grams ) ₹ 39,712 ₹ 40,144 ₹ -432 ↓

    Daily Gold Rates

    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    16 Jan 2021 ₹ 4,550 ₹ 36,400 ₹ 4,964 ₹ 39,712
    15 Jan 2021 ₹ 4,600 ₹ 36,800 ₹ 5,018 ₹ 40,144
    14 Jan 2021 ₹ 4,575 ₹ 36,600 ₹ 4,990 ₹ 39,920
    13 Jan 2021 ₹ 4,621 ₹ 36,968 ₹ 5,041 ₹ 40,328
    12 Jan 2021 ₹ 4,589 ₹ 36,712 ₹ 5,006 ₹ 40,048
    11 Jan 2021 ₹ 4,590 ₹ 36,720 ₹ 5,007 ₹ 40,056
    10 Jan 2021 ₹ 4,631 ₹ 37,048 ₹ 5,051 ₹ 40,408
    09 Jan 2021 ₹ 4,751 ₹ 38,008 ₹ 5,181 ₹ 41,448
    08 Jan 2021 ₹ 4,751 ₹ 38,008 ₹ 5,186 ₹ 41,488
    07 Jan 2021 ₹ 4,801 ₹ 38,408 ₹ 5,237 ₹ 41,896

    Weekly & Monthly Graph of Gold Rate in Bangalore

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

    Gold Price in Bangalore

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

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

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

    Also check : Silver Rate in Bangalore

    Historical Gold Price in Bangalore

    Months Lowest Price 24 Carat Gold – ₹ Per 10 Grams Highest Price 24 Carat Gold – ₹ Per 10 Grams
    December 202048,77051,380
    November 2020 41,900 53,020
    October 2020 51,160 52,540
    September 2020 49,460 53,580
    August 2020 50,660 57,610
    July 2020 49,460 54,960
    June 2020 47,240 49,910
    May 2020 45,580 48,560
    April 2020 40,530 48,000
    March 2020 39,530 43,680
    February 2020 39,560 42,320
    January 2020 38,480 40,530

    Trend of Gold Rate in Bangalore for January 2021 (rates per gram of 24 karat gold)

    Parameters Gold price (24 karat)
    January 1 Rate Rs.4,919 per gram
    January 9 Rate Rs.5,181 per gram
    Highest Rate in January Rs.5,237 per gram on 6 January and 7 January
    Lowest Rate in January Rs.4,965 per gram on 1 January
    Overall Performance Incline

    January 2021 - Week 1 (1 - 9):

    • Gold rate in Bangalore opened at Rs.4,919 per gram on 1 January and increased to Rs.4,940 per gram on 2 January. The inclining trend in the metal’s prices continued on 5 January, after inclining marginally to Rs.5,161 per gram.
    • On 6 January, the precious metal hit its highest price of the week at Rs.5,237 per gram and held steady at the same price on the following day as well.
    • However, with a lower risk appetite seen amongst investors, the metal’s price dipped to Rs.5,186 per gram on 8 January and closed the week with a lower price of Rs.5,181 per gram on 9 January.

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

    Parameters Gold price (24 karat)
    December 1 Rate Rs.4,877 per gram
    December 31 Rate Rs.5,096 per gram
    Highest Rate in December Rs.5,138 per gram on 21 December
    Lowest Rate in December Rs.4,877 per gram on 1 December
    Overall Performance Incline

    December 2020 - Week 1 (1 - 6):

    • A gram of the yellow metal was priced Rs.4,877 in Bangalore at the start of the first week of December. When compared to the closing price of the previous month, the price of gold was down by Rs.269 for every gram.
    • The price of gold recovered in the city over the next few days of the week. This resulted in the yellow metal recording its highest price for the month till date on 5th December when a gram cost Rs.5,030.
    • Gold price in Bangalore closed at Rs.5,008 per gram after the rates dropped in the city on the final day of the week. The overall performance of the yellow metal witnessed an inclining trend in the rates.

    December 2020 - Week 2 (7 - 13):

    • 1 gram of gold was priced at Rs.5,009 on 7 December, opening the second week of the month. On the following day, the metal hit its highest price of the week at Rs.5,083 per gram.
    • Dipping to Rs.5,050 per gram on 9 December, the gold rate in Bangalore declined substantially to Rs.5,007 per gram and held steady on the following day.
    • On 12 December, gold prices recovered and were at Rs.5,018 per gram and closed the week at Rs.5,019 per gram on 13 December.

    December 2020 - Week 3 (14 - 20):

    • Gold price in Bangalore was Rs.5,020 per gram on 14th December. When compared to the closing price of the previous week, the price of the yellow metal was up by Re.1.
    • The price of the precious metal slipped on 15th December and a gram of the 24-karat gold was retailed for Rs.4,996 per gram. Gold rate recovered gradually in the city and was priced Rs.5,041 per gram on 17th December.
    • Gold closed the third week of December at Rs.5,106 per gram in Bangalore. This was the highest recorded price of the yellow metal for the month till date. The rates witnessed an inclining trend in the southern city.

    December 2020 - Week 4 (21 - 27):

    • On 21 December, the price of the metal opened at Rs.5,138 per gram and was the highest in the week. On 22 December, the gold rate dipped to Rs.5,127 per gram due to speculations surrounding the stimulus bill from the U.S. government.
    • On 23 December, the price of the gold in Bangalore increased marginally to Rs.5,128 per gram and decreased to Rs.5,084 per gram on 24 December due to decreased demand. However, on 25 December, the metal’s price increased to Rs.5,095 per gram.
    • Gold prices were steady on 26 December at Rs.5,094 per gram and closed the week at Rs.5,095 per gram on 27 December.

    December 2020 - Week 5 (28 - 31):

    • Gold price in Bangalore at the start of the final week of December was Rs.5,128 per gram. When compared to the closing price of the previous week, the price of the yellow metal was up by Rs.33 for every gram.
    • The price of the precious metal fluctuated over the next two days. While the rate increased on 29th December, it dropped on 30th December and was priced Rs.5,131 per gram.
    • Gold closed the week at Rs.5,096 per gram in Bangalore after the price of the precious metal increased by Re.1. The rates witnessed an inclining trend in the city.

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

    Parameters Gold price (24 karat)
    November 1 Rate Rs.5,194 per gram
    November 30 Rate Rs.5,146 per gram
    Highest Rate in November Rs.5,302 per gram on 10 November
    Lowest Rate in November Rs.4,190 per gram on 29 November
    Overall Performance Decline

    November 2020 - Week 1 (1 - 8):

    • In Bangalore, the price of gold on 1 November was Rs.5,194 per gram and increased marginally to Rs.5,195 per gram on 2 November. However, the price of the metal fluctuated due to global trends.
    • On 3 November, gold rate in Bangalore dipped marginally to Rs.5,193 per gram and increased marginally to Rs.5,194 per gram on 6 November due to uncertainty surrounding the U.S. elections.
    • The price of the metal increased on 7 November at Rs.5,237 per gram and increased to hit the weekly high on 8 November at Rs.5,281 per gram and closed the week at the same rate.

    November 2020 - Week 2 (9 - 15):

    • Gold rate in Bangalore was Rs.5,282 per gram on 9th November. When compared to the closing price of the previous week, the price of the precious metal witnessed an increase of Re.1
    • Gold recorded its highest price for the month till date on 10th November when a gram was retailed for Rs.5,302. The price of the yellow metal slipped in the city the next day and recorded its lowest with a gram costing Rs.5,139.
    • The price of gold recovered gradually and closed the week at Rs.5,205 per gram. Gold’s overall performance witnessed an inclining trend in Bangalore.

    November 2020 - Week 3 (16 - 22):

    • In Bangalore, gold rate opened at Rs.5,206 per gram on 16 November and showed a declining trend throughout the week due to higher risk appetite amongst investors and the rise in the dollar value in the market.
    • Gold rate decreased to Rs.5,163 per gram on 18 November and further to Rs.5,134 per gram on 19 November as hopes of a COVID-19 vaccine increased risk appetite and focus towards the equities market.
    • The price of the metal hit the lowest price of the month on 20 November at Rs.5,124 per gram and closed the week at Rs.5,139 per gram on 22 November recording an overall weekly decline.

    November 2020 - Week 4 (23 - 30):

    • The price of gold on 23 November was Rs.5,139 per gram and dipped to Rs.5,138 per gram on the following day on 24 November. The price of the metal dipped substantially on 25 November to Rs.5,040 per gram.
    • On 26 November, the price of the metal dipped below the Rs.5,000 per gram level to Rs.4,976 per gram and increased marginally to Rs.4,977 per gram on 27 November. With the dollar value rising in the market, the gold rate dipped.
    • On 29 November, the price of the metal dipped to Rs.4,910 per gram which was the lowest of the month and closed at Rs.5,146 per gram.

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

    Parameters Gold price (24 karat)
    October 1 Rate Rs.5,202 per gram
    October 31 Rate Rs.5,193 per gram
    Highest Rate in October Rs.5,254 per gram on 13 October
    Lowest Rate in October Rs.5,116 per gram on 21 October
    Overall Performance Decline

    October 2020 - Week 1 & 2 (1 -11):

    • Opening at Rs.5,202 per gram, gold price in Bangalore showed an overall inclining trend in the first week of the month. The price of the metal increased to Rs.5,211 per gram on 5 October.
    • However, on the following day, the price of the metal dipped to Rs.5,174 per gram on 6 October and increased again to cross the Rs.5,200 per gram mark. On 9 October, gold was priced at Rs.5,171 per gram.
    • On 10 October, the metal’s price crossed the mark yet again at Rs.5,208 per gram and increased to its highest at Rs.5,248 per gram, closing at the same price on 11 October.

    October 2020 - Week 3 (12 - 18):

    • Gold price in Bangalore at the start of the third week of October was Rs.5,249 per gram. When compared to the price charged on the final day of the previous week, gold rate in the city was up by Re.1 for every gram.
    • Gold recorded its highest price for the month till date on 13th October when a gram was retailed for Rs.5,254. The price of gold slipped in the city over the next few days and was retailed for Rs.5,192 per gram on 15th October.
    • The price of gold improved slightly and closed the week at Rs.5,221 per gram. Gold’s overall performance witnessed an inclining trend in the rates.

    October 2020 - Week 4 (19 - 25):

    • Opening the fourth week of the month at Rs.5,222 per gram, gold rate in Bangalore showed a declining trend in the metal’s prices. On 20 October, the price of the metal had dipped marginally to Rs.5,117 per gram.
    • On 22 October, gold rates recovered marginally to Rs.5,133 per gram and increased to Rs.5,150 per gram on the following day due to the uncertainty around the U.S. stimulus package.
    • The price of the metal dipped in the last two days of the week, to Rs.5,141 per gram on 24 October and closing the week at Rs.5,128 per gram on 25 October.

    October 2020 - Week 5 (26 - 31):

    • In Bangalore, gold opened the fifth week of October at Rs.5,128 per gram. There was no change in the rates when compared to the closing price of the previous week.
    • The price of gold climbed in the city after remaining unchanged for the next day. A gram of the 24-karat gold was retailed for Rs.5,223 on 28th October.
    • Gold price in Bangalore slipped in the city over the next two days before increasing on the final day of the week. Gold closed the week at Rs.5,193 per gram with the overall performance witnessing a declining trend.

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

    Parameters Gold price (24 karat)
    September 1 Rate Rs.5,127 per gram
    September 30 Rate Rs.5,171 per gram
    Highest Rate in September Rs.5,358 per gram on 21 September
    Lowest Rate in September Rs.4,946 per gram on 26 September
    Overall Performance Incline

    September 2020 - Week 1 (1 - 6):

    • At the beginning of September, gold rate in Bangalore opened the first week of the month at Rs.5,127 per gram on 1 September which was the lowest price of the metal during the week due to a rising dollar value.
    • On 3 September, as the dollar value dipped in the international market, the gold rate increased and hit its weekly high at Rs.5,273 per gram.
    • However, at the end of the week, the yellow metal’s price dipped marginally and closed the week at Rs.5,253 per gram and recorded an overall weekly incline.

    September 2020 - Week 2 (7 - 13):

    • Gold rate in Bangalore at the start of the week was Rs.5,224 per gram. When compared to the closing price of the previous week, the rate of the yellow metal recorded an incline of Re.1
    • While the rate dropped in the city the following day, it increased gradually over the next few days and recorded its highest for the month till date on 11th September.
    • The price of gold closed the second week of September at Rs.5,281 per gram. The overall performance of gold witnessed an inclining trend in the city.

    September 2020 - Week 3 (14 - 20):

    • Gold rate in Bangalore was Rs.5,282 per gram on 14th September. When compared to the closing price of the previous week, the price of the precious metal witnessed an increase of Re.1
    • Gold recorded its highest price for the month till date on 17th September when a gram was retailed for Rs.5,357.
    • While the rate slipped on 18th September, it recovered gradually and closed the week at Rs.5,357 per gram. Gold’s overall performance witnessed an inclining trend in Bangalore.

    September 2020 - Week 4 (21 - 27):

    • In Bangalore, gold price opened at Rs.5,358 per gram on 21 September and showed an overall declining trend for the fourth week of the month. On 22 September, the price of the metal dipped to Rs.5,341 per gram.
    • After holding steady on the following day, the gold rate in Bangalore dipped to Rs.5,182 per gram on 24 September due to the rise in the dollar value in the international market.
    • The yellow metal showed a drop in its value to hit the lowest price of the month on 26 September at Rs.4,946 per gram and closed the week at Rs.5,139 per gram on 27 September.

    September 2020 - Week 5 (28 - 30):

    • The price of gold at the start of the final week of September was Rs.5,140 per gram in Bangalore. There was a minimal increase in the rates when compared to the closing price of the previous week.
    • Gold price in Bangalore slipped the following day and a gram was retailed for Rs.5,117 on 29th September.
    • The rates recovered on the final day of the month and closed at Rs.5,171 per gram. The overall performance of the precious metal witnessed an inclining trend in the city.

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

    Parameters Gold price (24 karat)
    August 1 Rate Rs.5,501 per gram
    August 31 Rate Rs.5,295 per gram
    Highest Rate in August Rs.5,761 per gram on 8 August
    Lowest Rate in August Rs.5,066 per gram on 2 August
    Overall Performance Decline

    August 2020 - Week 1 (1 - 9):

    • Gold rate in Bangalore showed an inclining weekly trend in the first week of August. The metal opened at Rs.5,501 per gram on 1 August and dipped to its lowest price of the week at Rs.5,066 per gram.
    • The price of the metal increased and crossed the Rs.5,500 per gram mark on 3 August due to higher COVID-19 cases all over the world. On 6 August, gold prices increased to cross the Rs.5,700 per gram mark.
    • The gold rate was the highest on 8 August at Rs.5,761 and dipped to close the week at Rs.5,726 per gram on 9 August.

    August 2020 - Week 2 (10 - 16):

    • In Bangalore, a gram of the yellow metal was retailed for Rs.5,727 on 10th August. There was a minimal increase of Re.1 in the rates when compared to the closing price of the previous week.
    • Gold rates in the city witnessed a declining trend over the week. The price of the precious metal slipped to Rs.5,460 per gram on 12th August.
    • The rates continued to fluctuate over the next few days before closing the week at Rs.5,419 per gram in Bangalore.

    August 2020 - Week 3 (17 - 23):

    • Opening the third week at Rs.5,420 per gram, gold rate in Bangalore showed an overall decline in prices for the week. On 18 August, the price of the metal increased marginally to Rs.5,423 per gram.
    • The metal, on 19 August, crossed the Rs.5,500 per gram mark at Rs.5,528 per gram and increased marginally to Rs.5,537 per gram on 20 August. Gold rate dipped to near the Rs.5,400 per gram on 21 August at Rs.5,401 per gram.
    • On 22 August, the gold price was Rs.5,412 per gram and closed at Rs.5,401 per gram on the last day of the week.

    August 2020 - Week 4 (24 - 31):

    • In Bangalore, a gram of the yellow metal was retailed for Rs.5,402 on 24th August. When compared to the closing price of the previous week, there was an increase of Re.1.
    • Gold rates in the city slipped over the next few days before increasing to Rs.5,367 per gram on 27th August. The rates slipped again on 28th and 29th August before making gains on the final two days.
    • Gold price in Bangalore closed the week at Rs.5,295 per gram. Over the month, the metal’s overall performance witnessed a declining trend.

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

    Parameters Gold price (24 karat)
    July 1 Rate Rs.4,984 per gram
    July 31 Rate Rs.5,496 per gram
    Highest Rate in July Rs.5,496 per gram on 31 July
    Lowest Rate in July Rs.4,946 per gram on 7 July
    Overall Performance Incline

    July 2020- Week 1 (01 - 05):

    • The price of gold in Bangalore opened the first week of the month at Rs.4,984 per gram and showed an overall weekly decline. However, gold prices hit its all-time high on 2 July, crossing the Rs.5,000 per gram mark at Rs.5,201 per gram with investors shifting towards safe-haven assets with the constant rise in COVID-19 cases in the United States of America along with other countries.
    • However, soon after hitting highs, the metal’s value dipped and was priced at Rs.4,983 per gram on 3 July with risk appetite increasing among investors with positive data being shown in the U.S. and the reports of the vaccine entering human trials in hopes of defeating the virus. With this, investors shifted towards the equities market and the price of the yellow metal fluctuated and was Rs.4,986 per gram on 4 July.
    • On the last day of the month, gold prices fell marginally as investors awaited on the updates on the economic data of the country along with advances in the development of the vaccine. Due to this, the value of the metal dipped and closed the week at Rs.4,976 per gram on 5 July.

    July 2020 - Week 2 (06 - 12):

    • In Bangalore, the precious metal opened the second week of the month at Rs.4,977 per gram on 6 July and had increased marginally compared to its price on 5 July at Rs.4,976 per gram. The value of the metal showed a marginal incline due to the safe-haven demand by investors in the wake of a rise in the number of fresh cases in the country and all over the world. On 7 July, the price of the yellow metal dipped to Rs.4,946 per gram with the value of the dollar recovering in the market. However, on 8 July, the price of the yellow metal recovered and was priced at Rs.4,986 per gram.
    • With the constant rise in the new COVID-19 cases all over the world, the price of the metal increased on 9 July and crossed the Rs.5,000 per gram mark at Rs.5,017 per gram and further increased to hit the highest price in the week at Rs.5,061 per gram. The safe-haven demand for the metal had increased to a great extent with risk appetite at a low amongst investors.
    • However, on 11 July, the value of the metal dipped yet again due to investors speculating an economic recovery and this boosted risk appetite amongst the investors. The value of the metal dipped and was priced at Rs.5,045 per gram and further decreased on the last day of the week as well. The precious metal closed the week at Rs.5,043 per gram on 12 July recording an overall weekly incline in prices.

    July 2020 - Week 3 (13 - 19):

    • Gold price in Bangalore was Rs.5,043 per gram at the onset of the third week of July. Compared to the closing price of the previous week, the rate didn’t see any change.
    • Over the week, gold rates witnessed an inclining trend even though there were a lot of fluctuations.
    • The price of gold closed the week in the city at Rs.5,062 per gram. The difference in the opening and closing price of the yellow metal was Rs.19.

    July 2020 - Week 4 (20 - 26):

    • The price of gold in Bangalore on 20th July was Rs.5,063 per gram. Compared to the closing price of the previous week, the rate saw a minimal increase.
    • Over the week, gold rates climbed in the city. A gram of the 24-karat gold was retailed for Rs.5,193 on 24th July.
    • Gold rate in Bangalore closed the fourth week of July at Rs.5,279 per gram. This was the highest recorded price of the precious metal for the month till date in the city.

    July 2020 - Week 5 (27 - 31):

    • On 27 July, gold rates in Bangalore opened the last week of the month at Rs.5,280 per gram and increased to cross the Rs.5,300 per gram mark on the following day.
    • With the rise in COVID-19 cases all over the world, the metal’s price increased due to the safe haven demand and crossed the Rs.5,400 per gram mark at Rs.5,403 per gram on 29 July.
    • On the last day, gold prices hit the highest value of the week at Rs.5,496 per gram and closed at the same rate on 31 July with an overall weekly inclining trend.

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

    Parameters Gold price (24 karat)
    June 1 Rate Rs.4,817 per gram
    June 30 Rate Rs.4,991 per gram
    Highest Rate in June Rs.4,991 per gram on 30 June
    Lowest Rate in June Rs.4,724 per gram on 8 June
    Overall Performance Incline

    June 2020 - Week 1 (1 - 7):

    • In Bangalore, a gram of the 24-karat gold was priced Rs.4,817 at the start of the month. Compared to the previous month’s closing price, the rates were up by Rs.14 for every gram. The increase in the rates of gold due to jitters over increasing tensions between the U.S. and China, protests in major cities of the United States of America, and a weakening dollar saw the precious metal record Rs.4,828 per gram on 2nd June, the highest price for the month till date.
    • While the rates fluctuated on 3rd and 4th June, gold price dropped substantially on 5th of June as investors’ hopes of a rebound in the global economy got a boost. Demand for safe-havens reduced because of stronger-than-expected U.S. non-farm payrolls data. Gold cost Rs.4,599 per gram in the city on the mentioned date.
    • The price of the yellow metal dipped further and closed the first week of June at Rs.4,541 per gram, the lowest for the month till date. Gold witnessed a declining trend in the rates over the week.

    June 2020 - Week 2 (8 - 15):

    • In the city of Bangalore, gold prices opened the second week of the month Rs.4,724 per gram and dipped substantially to Rs.4,773 per gram on 9 June. With the rising number of new COVID-19 cases being reported all over the world with what could be the second wave of the novel pandemic, risk appetite decreased. The safe-haven demand for the yellow metal increased to a great extent and the price of gold increased to Rs.4,779 per gram on 10 June. The yellow metal saw a continuing inclining trend in its prices on 11 June, crossing the Rs.4,800 per gram mark, at Rs.4,824 per gram.
    • Gold prices showed a continuous trend throughout the week, increasing to Rs.4,876 per gram on 12 June as investors shifting back to the equities market on a strong dollar which put a stop of the metal’s inclining trend. With investors awaiting the economic data from the United States Federal Reserve of the U.S., the price of the metal was set to incline, however, showed a marginal dip to Rs.4,866 per gram on 13 June.
    • On 14 June, the price of the precious metal increased by Rs.30 per gram to Rs.4,896 per gram with the rise in the number of COVID-19 cases in various countries and poor economic data being projected by the U.S. Federal Reserve for the rest of the year, risk appetite dipped and the demand for gold increased in the market. At the end of the week, gold hit the highest price of the week and the month at Rs.4,897 per gram on 15 June.

    June 2020 - Week 3 (16 - 21):

    • In Bangalore, gold opened the third week of June at Rs.4,869 per gram. There was a drop of Rs.28 in the rates when compared to the price charged on the final day of the previous week.
    • Gold rates increased in the city over the next two days before slipping on 19th June with a gram of the 24-karat gold costing Rs.4,894. With hopes of a quick economic recovery going down given concerns of a second wave of COVID – 19 cases, the rates climbed over the last two days of the week.
    • The precious metal closed the week at Rs.4,949 per gram in the city. This was the highest recorded price of the metal for the month of June till date. Gold’s overall performance witnessed an inclining trend in the rates over the week.

    June 2020 - Week 4 (22 - 30):

    • In Bangalore, the price charged for a gram of the yellow metal at the start of the final week of June was Rs.4,950. There was an increase of Re.1 in the rates when compared to the price charged at the end of the previous week.
    • Gold rates fluctuated in the city over the next four days due to investors moving towards the safe-haven metal given the increasing number of coronavirus cases across the world, the US dollar weakening, and hopes of a quick economic recovery being dented.
    • Gold closed the week at Rs.4,991 per gram in Bangalore. It was the highest recorded price of the metal for the month of June. The rates of the precious metal witnessed an inclining trend over the week.

    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 31 Rate Rs.4,803 per gram
    Highest Rate in May Rs.4,856 per gram on 24 May
    Lowest Rate in May Rs.4,558 per gram on 2 May
    Overall Performance Decline

    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.

    May 2020 - Week 3 (17 - 23):

    • A gram of the 24-karat gold was priced Rs.4,877 per gram at the start of the third week of May in Bangalore. When compared to the closing price of the previous week, the price charged for a gram of the yellow metal was up by Rs.86.
    • Gold recorded its highest price for the month till date on 20th May. A gram of the previous metal was retailed for Rs.4,900 in the city. The increase in the rates was seen after fears of a prolonged global economic weakness leapt to the forefront after pushing aside excitement of a possible coronavirus vaccine.
    • The rates slipped considerably in Bangalore following that. Gold prices dipped to Rs.4,838 per gram on 21st May before slipping again the next day. There was a minimal increase of Rs.1 on the final day of the week and closed at Rs.4,809 per gram. Gold’s overall performance showed an inclining trend in the city.

    May 2020 - Week 4 (24 - 31):

    • Gold was priced at Rs.4,856 per gram on 24 May and opened the last week of the month at the same price in Bangalore. With constant fluctuations in the price of the metal in the international market, gold prices showed an overall decline in its prices for the last week. On 25 May, the price of the metal dipped marginally by Rs.6 and was Rs.4,858 per gram, decreasing further on 26 May to be priced at Rs.4,839 per gram. The constant decline in prices of the metal was due to a rise in risk appetite amongst investors anticipating the revival of the economy with the easing of COVID-19 related restrictions.
    • However, on 27 May, the price of gold remained steady at Rs.4,839 per gram and dipped substantially to Rs.4,744 per gram, falling by almost Rs.100 per gram on 28 May. The dip in prices was due to hopes of recovery increased risk appetite amongst investors shifting focus from the bullion to the equities market. On 29 May, the price of the metal recovered marginally and was Rs.4,791 per gram.
    • On 30 May, gold prices remained steady at Rs.4,791 per gram. However, on the last day of the month and the week, the metal’s price increased and crossed the Rs.4,800 per gram mark at Rs.4,803 per gram. The price of the yellow metal showed an incline due to a dip in the value of the dollar in the international market and investors awaiting the decision by the White House on the issue faced by Hong Kong.

    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.

    Also Check Gold Price in Metro Cities

    FAQs About Gold Rate in Bangalore

    1. Where can I get the best quality gold in Bangalore?

      You can purchase the best quality gold in the top retail gold stores in the city. Apart from this, you can also purchase gold at almost all jewellery stores in Bangalore.

    2. Will the gold price in Bangalore keep changing?

      Yes, the gold price keeps changing due to various factors which include the value of the rupee against the U.S. dollar, the price of crude oil, the trend of the equities market, etc.

    3. What international factors affect the gold rate in Bangalore?

      Many international factors affect the gold rate in Bangalore since the domestic market of the metal is directly affected by the international bullion market. Crude oil prices, the value of international currencies, etc. Play a major role in the silver prices in India and Bangalore.

    4. How many grams are there in one ‘tola’ of gold?

      One ‘tola’ of gold is equivalent to 10 grams of gold at present. The term ‘tola’ has been used to measure metals such as gold and silver for many years.

    5. Will the gold price decrease in 2021?

      Given the volatility in the market, the price of gold may or may not decrease in 2021 as there are many factors which affect the price of the yellow metal in Bangalore and in India.

    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 prices increase on U.S. stimulus deal

      Gold prices had increased to a six-week high on Monday, driven by news that U.S. congressional leaders reached agreement on a COVID-19 aid package. The spot gold prices had risen by 0.9% and reached $1,896.56 per ounce. The U.S. gold futures had increased by 0.8% and reached $1,904.20.

      21 December 2020

    • Gold retains upward trend with pricing at Rs.51,800 to Rs.51,500 per 10 gram

      Gold retained its upward trend with prices ranging from Rs.51,800 to Rs.51,500 per 10 gram. Both silver and gold maintained good prices in the international markets following the outcome of the US presidential elections. December futures of gold contracts were priced at $1946.80 per troy ounce whereas the price of silver was $25.19 per troy ounce. Despite gains in the India rupee, both gold and silver retained a positive note in the domestic market. In the Multi Commodity Exchange (MCX), gold prices were between Rs.51,800 to Rs.51,550 with resistance between Rs.52,330 to Rs.52,600. Silver was priced between Rs.63,600 to Rs.62,800 with resistance between Rs.64,800 to Rs.65,600. COMEX gold was trading at $1945 after an increase of 2.7% the previous day.

      9 November 2020

    • Gold rates fall by Rs.230 in India on 26 October 2020

      Gold prices fell in India on 26 October due to a weak trend in the global markets. Gold futures prices for the month of October on MCX fell by Rs.230 and were near Rs.50,600 for 10 grams. In the international markets, the prices of gold hit a one-week low due to a strong dollar. Spot gold prices fell by 0.1% and were at $1,898.28 for an ounce. Gold futures prices in the US fell by 0.3% and were at $1,899.30 for an ounce. In times of inflation and currency debasement, investors move towards the yellow metal. Gold prices in India are inclusive of 3% GST and 12.5% import duty.

      27 October 2020

    • With the rise of the US dollar, prices of gold slip after a high of 3 weeks

      The prices of gold dropped from a three-week high on 12 October 2020 with the US dollar gaining ground, but the prices were held in check by continuing unpredictability around the US presidential elections and the coronavirus relief measures. The price of spot gold was $1,925.56 per ounce, a decrease of 0.2%, while the highest price since 21 September was $1,932.96. U.S. gold futures increased by 0.2% to settle at $1,931.50. The price of silver rose by 0.3% to settle at $25.19 per ounce.

      13 October 2020

    • Gold rates drop below Rs.50,000 per 10-gram levels as dollar value increases

      With hopes of another stimulus package by the central bank in the United States of America, risk appetite increased, resulting in a drop in gold and silver prices. Gold on the Multi Commodity Exchange dropped by 0.23% to Rs.49,543 per 10 grams. Silver, as well, followed suit and dropped by 0.99% to Rs.58,440 per kg.

      In the spot market, gold prices increased by Rs.324 to Rs.50,824 per 10 grams in New Delhi at the end of the previous week. Silver prices had also increased by more than Rs.2,000 to Rs.60,536 per kg.

      In the international market, gold prices were holding steady at $1,860.19 per ounce. U.S. gold futures dropped by 0.1% to $1,864.50 per ounce. The holdings in the SPDR Gold Trust dropped by 0.02% to 1,266.84 tonnes in the previous week.

      29 September 2020

    • Gold prices see a heavy decline as dollar value rises

      Gold prices dropped on 25 September as the value of the U.S. dollar increased in the international market. Due to the constant rise in the dollar value, gold was set for its worst-performing week in more than one month.

      With another COVID-19 package worth $2.2 trillion in the pipeline, and firm dollar value, spot gold dropped 0.2% to $1,864 per ounce. The price of the metal was down by 4.4% in the previous week. Gold futures were down 0.4% to $1,870.30 per ounce.

      Gold prices have increased by 20% in the year as central banks all over the world had introduced stimulus packages to counter the damage by the pandemic on the economy.

      28 September 2020

    • Gold prices dip as the U.S. dollar recovers

      Gold prices had reduced from a near-two week high as the U.S. dollar had risen although hopes for a dovish monetary policy stance from the U.S. Federal Reserve limited the safe-haven metals’ losses.

      Bob Haberkorn, senior market strategist at RJO Futures had said that the U.S. dollar had bounced off the lows and they are now witnessing sell-off in gold. Spot gold had reduced 0.3% to $1,950.92 per ounce after having climbed to a high since 2 September at $1,971.71. The U.S. gold futures had eased 0.2% to $1,959.20.

      The U.S. dollar index had risen 0.1%, making gold expensive for all buyers who had been holding other currencies.

      16 September 2020

    • Gold prices increase in India on 31 August due to the rise in COVID-19 cases

      The prices of gold increased in India on 31 August due to the rise in the number of coronavirus cases that have threatened to affect the recovery of the economy. The number of coronavirus across the world crossed the 25 million mark on 30 August 2020. Gold futures prices on MCX increased by 0.27% and were at Rs.51,585 for 10 grams. Due to a strong rupee, the prices of gold were reduced in the national capital on 28 August 2020 and were at Rs.52,155 for 10 grams. In the international markets, the prices of gold hit its highest rate for over two weeks due to a weak dollar and the announcement that the Federal Reserve will keep the interest rates low. Spot gold prices increased by 0.4% and were at $1,971.68 for an ounce.

      2 September 2020

    • Gold prices trading flat; silver rates at Rs.68,500 per kg

      Gold prices in the market were trading flat after falling for 5 consecutive days after the global equities market recovered marginally. As the trade tensions between China and the United States of America improved, risk appetite had increased.

      On the Multi Commodity Exchange, the price of gold recovered marginally by 0.10% on 18 August and was priced at Rs.52,280 per 10 grams and hit an intraday high at Rs.53,340 per 10 grams. Gold futures on the Multi Commodity Exchange was trading at a low of more than Rs.3,000 at Rs.56,191 per 10 grams.

      Silver futures were trading at a higher rate by Rs.1,141 at Rs.68,312 per kg after hitting an intraday high at Rs.68,470 per kg. The metal had hit its all-time high at Rs.77,949 per kg earlier in the month.

      20 August 2020

    • Silver and gold prices show muted trend ahead of U.S. Federal Reserve meeting

      Gold futures for August showed a muted trend in the international prices after hitting record highs earlier in the month. As investors awaited the United States Federal Reserve’s meeting to decide on any rate cuts, both gold and silver prices remained unchanged in the market. Spot gold was at $1,957.84 per ounce, dipping after investors booked profits.

      On the Multi Commodity Exchange, the gold contracts for August were trading marginally lower by 0.15% at Rs.52,513 per 10 grams and silver futures for September was trading at Rs.64,970 per kg, dipping by 0.05%.

      Gold and silver prices have been seeing a constantly fluctuating trend given various geopolitical factors and the surge of COVID-19 cases all over the world. Depending on the outcome of the Federal Reserve meeting, the prices of the metals may fluctuate again.

      30 July 2020

    • Prices of gold remain steady in India for the second consecutive day

      Amid muted rates in the international markets, the prices of gold in India struggled for gains for the second consecutive day. Gold futures prices on MCX for the month of August increased by 0.06% and are at Rs.48,275 for 10 grams.

      In the last session, the prices of gold fell by 0.1% for 10 grams. Last week, the prices of the yellow metal hit record highs and were at Rs.48,589 for 10 grams. According to a note provided by Kotak Securities, a weak economic outlook in the international markets has affected the demand for gold. The note further added that the prices of the yellow metal may be choppy. The prices of gold in India did not see huge gains because of a strong dollar. The value of the rupee against the dollar is at Rs.75.50. The prices of gold in the country are inclusive of 3% GST and 12.5% import duty. In the international markets, the prices of gold were flat. However, gold prices are expected to increase due to the increase in the number of coronavirus cases. Spot gold prices are at $1,770.77 for an ounce. In the previous week, gold prices hit an eight-year high and were at $1,779.06 for an ounce. During financial and political uncertainties, investors move towards gold.

      30 June 2020

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