• Gold Rate In Karnataka

    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    23 May 2018 ₹ 2,914 ₹ 23,312 ₹ 3,060 ₹ 24,480
    22 May 2018 ₹ 2,900 ₹ 23,200 ₹ 3,045 ₹ 24,360
    21 May 2018 ₹ 2,905 ₹ 23,240 ₹ 3,050 ₹ 24,400
    20 May 2018 ₹ 2,905 ₹ 23,240 ₹ 3,050 ₹ 24,400
    18 May 2018 ₹ 2,910 ₹ 23,280 ₹ 3,056 ₹ 24,448
    17 May 2018 ₹ 2,914 ₹ 23,312 ₹ 3,060 ₹ 24,480
    16 May 2018 ₹ 2,940 ₹ 23,520 ₹ 3,087 ₹ 24,696
    15 May 2018 ₹ 2,945 ₹ 23,560 ₹ 3,092 ₹ 24,736
    14 May 2018 ₹ 2,955 ₹ 23,640 ₹ 3,103 ₹ 24,824
    11 May 2018 ₹ 2,935 ₹ 23,480 ₹ 3,082 ₹ 24,656

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

    Gold Rate in Karnataka

    Karnataka is not just home to one of the largest gold mines of India, the Kolar Gold Mines, but is also one of the most inclined towards buying and selling of this yellow metal. From centuries gold has been seen as a significant part of all auspicious occasions of the country. Be it festivals or weddings, exchange of gold forms an integral part of the Indian culture. Nowhere in the world is gold so highly revered as in the Indian sub-continent. Karnataka has a host of jewelers and gold traders who sell this metal to customers. These could be retail customers or wholesale customers.

    The demand for gold in the state of Karnataka, peaks during the time of weddings and festivals. Some of the most important festivals for buying gold are Diwali, Akshaya Tritya and Dusshera. People in Karnataka are fond of wearing and gifting gold jewelry. Various designs ranging from modern to traditional are being furnished by various jewelers in Karnataka in order to mold this precious metal according to the latest fashion trends. Gold coins and gold bars are considered ideal gifts for gifting to family members.

    Gold Rate Trend in Karnataka for January 2018 to March 2018 (per gram of 24 karat gold)

    Factor January February March
    1st day Rs.2,953 per gram Rs.2,998 per gram Rs.3,014 per gram
    Last day Rs.2,998 per gram Rs.3,014 per gram Rs.3,019 per gram
    Highest price Rs.3,032 per gram on 25 January Rs.3,031 per gram on 20 February Rs.3,045 per gram on 25, 26, 28 and 29 March
    Lowest price Rs.2,947 per gram on 4 and 5 January Rs.2,951 per gram on 8 February Rs.2,977 per gram on 19 March
    Trend Incline Incline Incline
    Change 1.52% 0.53% 0.16%

    Gold Rate Trend in Karnataka for January 2018:

    • The first quarter of 2018 saw gold rates incline consistently as demand was largely on the rise as a direct result of conditions in the US.
    • On the 1st of January, when trade exchanges opened for the first time in 2018, gold was priced at Rs.2,953 per gram.
    • The initial few days saw gold rates decline, owing to a strong dollar and a poor demand in the local market.
    • During the 4th and the 5th, gold was priced at Rs.2,947 per gram - the lowest of the month - as demand hit a low point.
    • This low point came rather early in the month which in turn signalled the arrival of better days as the month progressed.
    • Gold rates in Karnataka improved over the next three weeks, albeit after bearing witness to fluctuations caused by uneven demand and poor cues.
    • The yellow metal’s rates seemed to rise steadily during the fourth week as demand picked up ahead of strong cues.
    • On the 25th, gold was seen trading at Rs.3,032 per gram, which was the month’s highest rate, as demand hit a peak while the dollar weakened.
    • The next six days recorded some significant shifts in direction with gold rates in Karnataka dropping down considerably.
    • When the month ended, the yellow metal was seen trading at Rs.2,998 per gram.
    • Gold recorded a 1.52% change in price trends during the first month of Q1 2018 due to a weak dollar and a strong local demand.

    Gold Rate Trend in Karnataka for February 2018:

    • When the second month of Q1 2018 opened for trading, the precious metal was priced at Rs.2,998 per gram - no change from the previous day’s rates.
    • On the 2nd, gold rates in Karnataka went up to Rs.3,019 per gram as demand surged suddenly as the US dollar was poor owing to fluctuating stock markets.
    • Gold prices continued to undergo minor changes before falling significantly to a monthly low figure of Rs.2,951 per gram on the 8th.
    • After this fall, gold began to improve over the second week with prices going up to Rs.3,017 per gram on the 15th.
    • The next few weeks saw gold prices continue at a steady pace for a few days before increasing a while later.
    • Gold rates went up to Rs.3,031 per gram - the month’s highest rate on the 20th of this month as demand surged amid strong change in the dollar - rupee dynamic.
    • As this demand couldn’t be sustained, gold rates continued to drop slowly but steadily before consolidating as the month drew to a close.
    • Gold recovered to trade at Rs.3,008 per gram on 25th and surged slightly to end the month at Rs.3,014 per gram.
    • Price trends saw a 0.53% incline this month, which was brought about by strong change in demand factors.

    Gold Rate Trend in Karnataka for March 2018:

    • March’s trading began with gold opening at Rs.2,987 per gram - a markedly lower price compared to the previous month’s last day.
    • The US dollar was relatively strong, which in turn affected gold prices as well as the sales.
    • Gold prices in Karnataka was steady for large part of the first three week as demand was steady.
    • On the 19th, however, gold rates went down to Rs.2,977 per gram - the month’s lowest rate as demand took a hit.
    • Gold traded at a monthly high figure of Rs.3,045 per gram from the 25th to the 29th as the US dollar underwent some turbulent times.
    • When the month ended, the yellow metal’s rates were holding at Rs.3,019 per gram.
    • Price trends saw a marginal 0.16% incline as local demand was rather weak compared to other major cities in the country.

    Gold Rate Trend in Karnataka for October 2017 to December 2017 (per gram of 24 karat gold)

    Factor October November December
    1st day Rs.2,985 per gram Rs.2,942 per gram Rs.2,932 per gram
    Last day Rs.2,942 per gram Rs.2,947 per gram Rs.2,941 per gram
    Highest price Rs.2,995 per gram on 16 October Rs.2,981 per gram on 20 November Rs.2,942 per gram from 2 to 4 December and 29 December
    Lowest price Rs.2,932 per gram on 27 October Rs.2,907 per gram on 6 November Rs.2,859 per gram on 13 December
    Trend Decline Incline Incline
    Change -1.90% 0.16% 0.30%
    Gold Rate Trend in Karnataka for October 2017: The final quarter of 2017 began in Karnataka with gold trading at Rs.2,985 per gram. Gold prices would see considerable decline this month owing to poor local cues which was affected by a strong dollar. There were considerable fluctuations to be witnessed during the initial half of the month, with demand remaining uncharacteristically low despite the onset of a major festive season. Gold rates in Karnataka were at their highest on the 16th when it traded at Rs.2,995 per gram as traders took advantage of a brief fall in the dollar. However, prices continued to dwindle from the 17th as demand remained mostly flat and even fell as days progressed. Gold prices were at their lowest this month on the 27th when the metal traded at Rs.2,932 per gram. Price trend saw a considerable decline this month with rates falling at a rate of 1.90% due to poor sales. Gold Rate Trend in Karnataka for November 2017: Gold traded at Rs.2,942 per gram when trading commenced for the month of November. Gold rates in Karnataka seemed to take a hit as a strong dollar kept investors at bay from making any major investments. As a result of this, gold prices fell to a monthly low figure of Rs.2,907 per gram on 6th November. From the 7th onwards, gold prices inclined consistently before trading at a monthly high rate of Rs.2,981 per gram on the 20th. Prices however consolidated as demand remained flat towards the final stretch of the month. When the month ended, gold was seen trading at Rs.2,942 per gram. Gold price trend was on the incline this month, thanks to a strong demand seen towards the middle of the month. Price trends recorded marginal 0.16% incline over course of the month’s trading sessions. Gold Rate Trend in Karnataka for December 2017: Gold opened at Rs.2,932 per gram in Karnataka for the month of December. The metal traded at Rs.2,942 per gram from the 2nd to the 4th of December, which also happened to be the highest gold rate of the month. However, demand was strongly swung by the tax reform introduced by US president Donald Trump, which caused the dollar to strengthen subsequently pushing gold rates down. Gold rates in Karnataka went down to as low as Rs.2,896 per gram as the rallying of the US dollar continued, which caused gold demand to plummet. On the 13th, gold rates were at their lowest for the month. The metal traded at Rs.2,859 per gram as markets remained strong, which gave little incentive for bullion investors. Gold price trends saw a 0.30% incline this December, thanks to an increased demand seen during the first week of this month.

    Gold Rate Trend in Karnataka for July 2017 to September 2017 (per gram of 24 karat gold)

    Factor July August September
    1st day Rs.2,950 per gram Rs.2,878 per gram Rs.2956 per gram
    Last day Rs.2,874 per gram Rs.2,956 per gram Rs.2,985 per gram
    Highest price Rs.2,950 per gram on 1 and 2 July Rs.2,976 per gram on 29 August Rs.3,056 per gram on 8 September
    Lowest price Rs.2,796 per gram on 14 July Rs.2,845 per gram on 7 August Rs.2,956 per gram on 1 September
    Trend Decline Incline Incline
    Change 2.64% 2.63% 0.97%

    Gold Rate Trend in Karnataka for July 2017:

    • July’s gold trading in Karnataka was affected by GST, which was introduced by the central government on the 1st of July.
    • The month began on a strong note with the yellow metal priced at Rs.2,950 per gram.
    • Due to there being significantly low demand, gold rates were largely on the decline for most of the month.
    • The low demand could be attributed to weak sales locally, which was the immediate effect of GST.
    • Overall, there was a 2.64% decline in gold prices, which was the effect of 3% GST implemented on gold.

    Gold Rate Trend in Karnataka for August 2017:

    • August’s trading began on a relatively weak note, owing to GST and the impact it had on investor's’ mindset.
    • Gold opened at Rs.2,878 per gram on the 1st of August.
    • Due to the US dollar being steady and local trading remaining weak, gold rates went down to Rs.2,845 per gram - on the 7th of August.
    • There was a 2.63%incline in gold rates caused by a weakened US dollar.

    Gold Rate Trend in Karnataka for September 2017:

    • September, again, was a positive month for gold trading in Karnataka. The month began with gold being priced at Rs.2,956 per gram.
    • As the US-North Korea conflict reached a head, gold rates rocketed to Rs.3,056 per gram on the 8th of September. This was also aided by the US economic data, which turned out to be lower than expected.
    • However, the US dollar improved after the latest Federal Reserve meeting concluded that it is on track to raise the interest rates later in the year.
    • Overall, gold rates surged by 0.97% this month, thanks to a strong local demand.

    Gold Rate Trend in Karnataka for April 2017 to June 2017 (per gram of 24 karat gold)

    Factor April May June
    1st day Rs.2,910 per gram Rs.2,945 per gram Rs.2,920 per gram
    Last day Rs.2,945 per gram Rs.2,918 per gram Rs,2,933 per gram
    Highest price Rs.2,990 per gram on 15 and 16 April Rs.2,945 per gram on 1 May Rs.2,965 per gram on 8 June
    Lowest price Rs.2,905 per gram per gram on 10 April Rs.2,840 per gram from 11-14 May Rs.2,895 per gram on 20 June
    Trend Incline Decline Incline
    Change 1.20% -0.91% 0.44%

    Gold Rate Trend in Karnataka for April 2017

    • In Karnataka, gold prices began at Rs.2,910 per gram when Q2 of 2017 started.
    • Prices fluctuated significantly during the first ten days hitting a high of Rs.2,935 per gram on the 5th, while maintaining a low of Rs.2,910 per gram from the 1st to the 3rd.
    • As demand changed constantly, gold price in Karnataka went up to as much as Rs.2,960 per gram on the 12th- a Rs.45 increase from 13th April’s closing rates.
    • Due to gold prices increasing on a national level, gold rates reached Rs.2,990 per gram on the 15th - which as it turned out - was the highest gold rate for the month.
    • Concerns over US President Donald Trump’s administration seemed to have some implications in the local market as well.
    • When the 19th came to an end, gold prices in Karnataka were recorded at Rs.2,985 per gram.
    • Over the last ten days of April, however, gold prices fell considerably - reaching a 14-day city low of Rs.2,920 per gram on the 26th as investors backed out of any purchases.
    • The last three days saw demand rise slightly, thereby helping gold rates rally to reach Rs.2,930 per gram on the 28th.
    • During the last two days of April, i.e., gold was seen trading at Rs.2,945 per gram, meanwhile recording a Rs.35 increase from the first day’s prices.
    • Overall, gold rate trend increased at a rate of 1.20% in Karnataka.

    Gold Rate Trend in Karnataka for May 2017

    • The month of May saw gold demand take a fall in Karnataka - a firm reflection of a nationwide trend.
    • When trading started on the 1st of May, gold was priced at Rs.2,945 per gram.
    • On 2nd, prices dropped to Rs.2,905 per gram and dropped again to Rs.2,875 per gram on the 5th as dollar value rallied in the US.
    • The next day gold rates fell by Rs.25 per gram to reach Rs.2,850 per gram as demand reached saturation levels given the market performance.
    • By the 11th, gold prices had gone down to Rs.2,840 per gram - the lowest for the month - and remained unchanged till the 14th of May.
    • Prices increased marginally to Rs.2,845 per gram on the 17th before increase by a massive Rs.60 per gram the next day as domestic investors flocked outlets to make purchases.
    • Rates fluctuated during the next 10 days before ending the month at Rs.2,918 per gram as demand dipped after Asian stock prices rose.
    • The month saw gold rate trends change by -0.91% for the month.

    Gold Rate Trend in Karnataka for June 2017

    • The month of June started with gold in Karnataka trading at Rs.2,933 per gram.
    • Trading this month was mostly affected by the performance of the US dollar which had a knock-on effect in India and most of its cities.
    • Prices prices fell mostly over the first few days of the month as the US dollar’s strong performance led to a decrease in domestic demand.
    • Gold rates were recorded at Rs.2,940 per gram on the 9th but gradually dropped down to Rs.2,905 per gram on the 19th.
    • The 20th saw gold rates reach their lowest for the month of Rs.2,895 per gram as demand didn’t pick up.
    • When the month came to an end, gold was trading at Rs.2,920 per gram - a Rs.13 less compared to the rates on the 1st of June.
    • Despite some late flourishes, gold rates fell by 0.44% for the month of June.

    Gold Rate Trend in Karnataka for January 2017 to March 2017 (per gram of 24 karat gold)

    Factor January February March
    1st day Rs.2,820 per gram Rs.2,945 per gram Rs.3,005 per gram
    Last day Rs.2,930 per gram Rs.3,005 per gram Rs.2,900 per gram
    Highest price Rs.2,970 per gram on the 23rd and 24th of January Rs.3,005 per gram on the 27th and 28th of February Rs.3,005 per gram on the 1st of March
    Lowest price Rs.2,820 per gram on the 1st and 2nd of January Rs.2,940 per gram on the 10th of February Rs.2,855 per gram on the 15th of March
    Trend Incline Incline Decline
    Change 3.90% 2.03% -3.49%

    Gold Rate Trend for Karnataka in January 2017

    • On the 1st of the month in Karnataka, the rate of gold was relatively low on account of reduced demand. The rate of gold was Rs.2,820 per gram. This rate was noted the next day as well and was also the lowest at which gold traded for the month in the city.
    • A slight increase in the rate was seen from the 3rd of the month due to heightened demand for this precious metal from jewellers. As a result, gold traded at Rs.2,890 per gram on the 10th of January.
    • From the 12th of the month, the rate of gold at Rs.2,920 per gram. This rate continued until the 15th and can be attributed to the harvest festival of Sankranti. The rate of gold continued to increase as the week progressed.
    • This precious metal traded at Rs.2,970 per gram on the 23rd and the 24th of January and this was the highest at which gold traded at for the entire month. However, this high rate was not sustained and gold rate reduced marginally on account of low demand.
    • On the last day of the month, gold was priced at Rs.2,930 per gram and recorded an incline of 3.90% in the price of gold.

    Gold Rate Trend for Karnataka in February 2017

    • Gold opened the month of February by trading at Rs.2,945 per gram and was also one of the lower rates of gold noted. This was due to reduced demand from investors and jewellers.
    • The rate of gold was steady at Rs.2,945 per gram until the 5th of the month post which the price of this metal increased by Rs.10.
    • Throughout the month of February, a number variations were noted in the rate of gold due to fluctuations in the demand for this metal along with other geopolitical factors.
    • On the 16th, gold traded at Rs.2,970 per gram and increased the next day to trade at Rs.2,980 per gram.
    • As the value of the U.S.Dollar fell, the rate of gold rose to Rs.2,995 per gram. Gold traded at this price from the 24th of February to 26th of February.
    • On the last two days of the month, the rate of gold increased to trade at Rs.3,005 per gram. This was also the highest at which gold traded for the month. A rise of 2.03% was noted in the price of gold in Karnataka.

    Gold Rate Trend for Karnataka in March 2017

    • The trend observed in Karnataka during the month of March was in opposition to the trend witnessed in January and February.
    • This precious metal traded at Rs.3,005 per gram on the 1st, which was a continuation of the rate noted during the end of February. This was also the highest rate at which gold traded at for the month.
    • However, demand from international and domestic markets fell, resulting in a decline in the rate of gold to Rs.2,990 per gram. The rate of gold continued to decline as the month progressed.
    • A number of variations were noted in the rate of gold in Karnataka in March.
    • On the 15th of March, gold traded at its lowest for the month due to U.S. Fed Reserve’s decision regarding the interest rates. The price of gold on this day was Rs.2,855 per gram. However, a marginal recovery was noted over the next few days.
    • On the last day of the month, gold traded at Rs.2,990 per gram recording a decline of 3.49% in the price of this metal in Karnataka.
    Factor October November December
    1st day Rs.3,160 per gram Rs.3,060 per gram Rs.2,905 per gram
    Last day Rs.3,060 per gram Rs.2,930 per gram Rs.2,820 per gram
    Highest price Rs.3,160 per gram on 1st October Rs.3,180 per gram on 9th November Rs.2,905 per gram on 1st December
    Lowest price Rs.3,023 per gram on 17th October Rs.2,905 per gram on 25th November Rs.2,765 per gram on 16th December, 22nd December and 23rd December
    Trend Decline Decline Decline
    Change -3.16% -4.24% -2.92%

    Gold Rate Trend in Karnataka for October 2016

    • Compared to all the other states in the country, Karnataka seemed to have a comparatively good quarter as far as gold prices were concerned.
    • The month of October began with gold trading at Rs.3,160 per gram, which fell to Rs.3,020 per gram by the time 7th approached.
    • On 10th, however, prices picked up to reach Rs.3,030 per gram - an increase of Rs.10 per gram, but again fell to Rs.3,016 per gram on 17th.
    • The last 10 days of October saw considerable fluctuations as prices dwindled quite a lot before ending the month at Rs.3,060 per gram.
    • Gold hit its highest and lowest rates on 1st and 17th respectively which stood at Rs.3,160 per gram and Rs.3,023 per gram.
    • The month saw a decline of 3.16% with regards to gold rates.

    Gold Rate Trend in Karnataka for November 2016

    • While the nation was ravaged by demonetisation, Karnataka seemed to perform slightly better under pressure.
    • November began with gold selling at Rs.3,060 per gram and rose to Rs.3,120 per gram by the time 6th approached.
    • Prices went up significantly to hit the highest rate for the month on 9th, as demonetisation brought about a sudden surge in demand.
    • However, as cash flow issues began gold sales was affected leading to a drop in prices.
    • In fact, gold rates went down by Rs.220 in little over a week to hit Rs.2,960 per gram on 18th.
    • As another week went by, gold prices reached the lowest point for the month at Rs.2,905 per gram on 25th.
    • As Donald Trump’s imminent arrival to the White House became clear, prices rose to Rs.2,930 per gram on 30th, due to volatility in the market.
    • November yet again bore witness to a negative gold rate trend, which stood at 4.24%.

    Gold Rate Trend in Karnataka for December 2016

    • Cash crunch was still a prevalent theme when December began as the amount of physical currency weren’t enough.
    • The month began with gold trading at Rs.2,905 per gram but kept dropping to hit Rs.2,840 per gram by 9th.
    • Prices further dropped to Rs.2,765 per gram as demand for gold seemed to continue on its downward path.
    • Gold rates dwindled despite the fact that Christmas was approaching but picked up during the last week of 2016.
    • At the end of the year, gold prices went up to finish at Rs.2,820 per gram.
    • December too followed to declining trend set by the previous two month of Q4.
    • Gold rate trends in Karnataka changed by -2.92% in December.
    Factor July August September
    1st day Rs.3,130 per gram Rs.3,190 per gram Rs.3,125 per gram
    Last day Rs.3,170 per gram Rs.3,140 per gram Rs.3,160 per gram
    Highest price Rs.3,205 per gram on 7th July Rs.3,225 per gram on 3rd August Rs.3,190 per gram from 25th-29th September
    Lowest price Rs.3,120 per gram on 21st July Rs.3,140 per gram on 31st August Rs.3,115 per gram on 1st September
    Trend Increase in price Decrease in price Increase in price
    Change +1.27% -1.56% +1.12%

    Gold Rate Trend in Karnataka for July 2016

    • The price of gold was Rs.3,130 per gram on 1st July which rose to Rs.3,150 per gram as domestic demand pushed prices higher.
    • Demand continued to be high as markets were recovering from the Brexit vote, with gold trading at Rs.3,205 per gram on 7th July.
    • Prices slowly dropped as domestic demand fell, with gold trading at Rs.3,170 per gram on 11th July.
    • Prices were consistent with minor fluctuations as international cues pointed to recovering markets.
    • Gold traded at Rs.3,120 per gram on 21st July, its lowest rate in July before recovering to close the month at Rs.3,170 per gram, an increase little over 1% from the price at the start of the month.

    Gold Rate Trend in Karnataka for August 2016

    • Gold prices were high at the start of the month, trading at Rs.3,190 per gram and reaching the monthly high of Rs.3,225 per gram on 3rd August due to high demand.
    • Prices slipped to Rs.3,165 per gram on 8th August as demand slowed due to declining orders from jewellers in the domestic market.
    • Gold traded at Rs.3,175 per gram on 15th August as demand picked up, with gold reaching Rs.3,200 per gram on 19th August.
    • Gold prices fell marginally as the last week began, trading at Rs.3,170 per gram on 25th August before falling to a low of Rs.3,140 per gram on 31st August, a decrease of over 1.5% from the rate at the start of the month.

    Gold Rate Trend in Karnataka for September 2016

    • The start of the month saw gold trade at Rs.3,125 per gram, with the price fluctuating to close the first week at Rs.3,140 per gram on 4th September.
    • Prices rose to Rs.3,185 per gram on 7th September as demand from jewellers spiked due to the upcoming festive season, with prices staying high for the rest of the week.
    • High demand on the international market led to prices remaining high, with gold trading at Rs.3,180 per gram on 12th September.
    • Prices stayed constant for the week before rising to Rs.3,190 per gram on 25th September, but dropped to Rs.3,160 per gram on 30th September.
    Factor April May June
    1st day Rs. 2,905 per gram Rs. 3,070 per gram Rs.2,915 per gram
    Last day Rs. 3,070 per gram Rs. 2,895 per gram Rs.3,130 per gram
    Highest price Rs.3,070 per gram on 30th of April Rs. 3,080 per gram on the 7th and 8th of May Rs.3,200 per gram on the 24th of June
    Lowest price Rs. 2,880 per gram on the 4th of April. Rs. 2,960 per gram from the 28th to the 31st of May Rs.2,915 per gram on the 1st of June
    Trend Rising Decline Rising
    Change +5.67% +6.04% +7.37%

    Gold Rate Trend in Karnataka in April 2016

    • Gold traded at Rs. 2,905 per gram on the 1st of April.
    • Gold rate fluctuated a lot in April but still managed to rise to Rs. 3,070 per gram by the end of the month.

    Gold Rate Trend in Karnataka in May 2016

    • Expectations of a rate hike by the U.S. Federal Reserve pushed down gold prices as gold stood at Rs. 3,052 on May 4th.
    • Rising dollar further led to the decline of gold in May as gold traded at Rs. 2,895 on the 31st of May.

    Gold Rate Trend In Karnataka in June 2016

    • Gold traded at Rs.2,915 per gram on the 1st of June.
    • The price of gold managed to increase steadily over the next couple of days as gold hit the highest for the month at Rs.3,200 per gram on the 24th of June.
    • Gold closed the month at Rs.3,130 per gram on the 30th of June.
    Factor January February March
    1st day Rs. 2,540 per gram Rs. 2,708 per gram Rs. 2,975 per gram
    Last day Rs. 2,710 per gram Rs. 2,960 per gram Rs. 2,900 per gram
    Highest price Rs. 2,715 per gram on January 27th and 28th. Rs. 2,975 per gram on February 26th and 27th. Rs. 2,975 per gram from March 1st to 6th.
    Lowest price Rs. 2,540 per gram on January 1st. Rs. 2,708 per gram on February 1st Rs. 2,870 per gram from March 28th.
    Trend Rising Rising Decline
    Change +6.69% +9.30% +2.52%

    Gold Rate Trend in Karnataka in January 2016

    • Gold traded at Rs. 2,540 per gram on the 1st of January.
    • Gold witnessed a steady rise in January and hit its highest for the month at Rs. 2,715 per gram on the 27th and 28th of January.
    • Gold closed the month at Rs. 2,710 per gram.

    Gold Rate Trend in Karnataka in February 2016

    • Gold stood at Rs. 2,708 per gram on the 1st of February.
    • Gold prices increased steadily in the first week of February and hit Rs. 2,815 per gram on the 6th of February.
    • Gold hit its highest for the month on 27th and 28th February at Rs.2,975 per gram.

    Gold Rate Trend in Karnataka in March 2016

    • Gold price increased by Rs.15 from February 29th and held steady at Rs.2,975 per gram.
    • Low demand led to a decline as gold was at its lowest for the month at Rs. 2,870 per gram on 28th of March.

    Details of Gold Price in Karnataka (22 Karat & 24 Karat) - Till August 2015

    Rate at which gold sells in the market changes every day with respect to the movement of the stock market. Also, gold rates differ for different purity of the metal. For example rates for 24 karat gold are different from those of 18 karat gold. Given below is a brief snapshot of the current gold prices in Karnataka.

    • 22 karat gold rate

      22 karat gold is widely used in making jewelry since it is more ductile and malleable as compared to the purest form 24 karat. Since 22 karat gold is just 92% gold and rest other metals, hence, the rate of 22 karat gold is lower than that of 24 karat. Currently 22 k gold in Karnataka costs Rs.2,361 per gram which equals Rs.23,610 per 10 grams and Rs,23,61,000 per Kilogram.

    • 24 karat gold rate

      Gold coins and gold bars are sold by retailers and wholesalers as the purest form of gold. These coins and bars are made up of 24 karat gold which is 99.99% pure. Banks are one of the chief sources of these coins and small bars. Banks offer their customers options to buy gold either online or by visiting any of the bank branches. Since making charges are levied on jewelry fashioned out of gold hence gold bars and coins are the standard form of saving via gold. As of August 2015, 24k gold in Karnataka cost Rs.2,522 per gram which translates to Rs.25,22,000 per kilogram.

    Gold investment avenues in Karnataka

    Gold is bought and sold in Karnataka as jewelry as well as an investment tool. Since gold prices have historically always been on the rise, the metal acts like a hedge for inflation in India. Gold is thus a favorite among households in Karnataka. Some of the most popular ways of obtaining gold are listed below.

    • Retail buying of gold

      Retail buying of gold in Karnataka can be done either via jewelry stores or via banks that offer pure gold coins. Both these methods are available both online as well as offline. Depending upon whether you are buying jewelry or gold coin or bar, the price may differ since the purity of gold may vary. Gold prices in India are in general so closely linked to market forces that they tend to fluctuate on a regular basis. Most customers are quick to buy it when the prices are low and a lot of these customers sell it when the prices soar and thus are able to make substantial profit.

    • Wholesale buying of gold

      Wholesale buying of gold is not permitted by the government except for smaller quantities. Gold trading markets are places where customers and retailers can buy gold in large quantities. Most gold merchants buy their gold for further processing, from these markets. Buying in bulk quantities offers these merchants better rates which they can utilize towards making profits when they sell their finished jewelry products.

    Also Check Gold Prices in the Cities of Karnataka

    Gold Rate in Bangalore Gold Rate in Mysore Gold Rate in Mangalore
    Gold Rate In Belgaum Gold Rate In Bellary Gold Rate In Shimoga
    Gold Rate In Udupi Gold Rate In Gulbarga

    Read More On Gold

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    All that you need to know about the Gold Monetization Scheme

    The Gold Monetization scheme was introduced for all resident Indian to invest in to help turn their gold in productive assets. Find out all you need to know about the Gold Monetization Scheme and how it could benefit you.

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    India Gold Coin: What you need to know about it

    The Indian Gold Coin is a scheme to encourage Indian citizens to invest in gold so as to reduce the demand for gold from abroad. Find out more about the attractive features of the Indian Gold Coin Scheme and how they can benefit you.

    News About Karnataka Gold Rate

    • Global gold price on a high

      The price of the precious yellow metal went up, reaching a 1 week high, due to the fall in price of the US dollar.

      The price of the US dollar came down after the expulsion of Rex Tillerson, the secretary of state in the US. It was seen that the price of spot gold increased by around 0.12%, reaching $1,327 per ounce. The ‘unexpected’ development involving Rex’s dismissal has left gold to become a ‘safe haven option’.

      Meanwhile, it was also observed that the prices of Asian shares kind of eased down on Wednesday following the developments in the United States of America.

      14 March 2018

    • Gold valued at Rs.30,009 per 10 gram in the Indian market

      24 carat gold was valued at Rs.30,009 per 10 gram in the Indian market, meanwhile 22 carat gold was valued at Rs 27,508 per 10 gram. The price of 24 and 22 carat gold tends vary from one city to another owing to supply and demand, transportation overheads and state levies. 24 carat gold is alternatively called as 999 gold. 22 carat gold is also alternatively called as 916 gold. 999 gold is the purest gold sold in the market. Jewellery is made using 916 gold. Since the USD marginally tumbled against a basket of major currencies, on Monday, the gold price increased. The spot gold rate was up by 0.6% per ounce, a recent report reveals.

      17 February 2018

    • Investors are Preferring Equity Over Gold

      Gold price increased 6.8% in the past month resulting into a 60% drop in investment demand in India. As a result, investors are preferring investments in equity over gold.

      Investors are moving away from gold and investing in equity as returns are better on the latter.  Gold is currently trading around Rs.31,500 per 10 grams, from Rs.29,500.

      According to bullion traders and jewellers, the government should reduce the import duty on gold. The Q3, 2017 data, from World Gold Council revealed that investment demand for gold has fallen by 23%  compared to the previous year. from a year earlier.

      31 January 2018

    • Gold prices unchanged as investors look for better stimulus

      Gold rates didn’t see too much of a change based on early trading cues on the 22nd of August. This is because investors are looking towards geopolitical concerns and the upcoming Federal Reserve hearing to determine how they are going to invest.

      While spot gold prices surged by 0.1% to $1,286.01 per ounce, US gold futures set for December delivery remained flat at $1,291.70 per ounce.

      Analysts said that geopolitical concerning the US and Spain led to market fluctuations last week, but investors are cautious as they are expecting some changes in the coming days to find their step.

      22 August 2017

    • Gold Prices At Four-Week High After Late July Rally

      The price of gold rose to $1,365.09 per ounce in trading on 2nd August, 2016 as the European markets and the Dollar suffered losses.

      Data projecting U.S. economic growth would be around 2% dampened hopes of an interest rate hike by the Federal Reserve, leading to markets slumping.

      U.S. gold futures also rose, trading at $1,372.60 for December delivery, a rise of 1%.

      The concern that a rate hike might not happen as well as that equities could overheat led to investors putting their money on gold, considered the fail-safe asset.

      With gold very susceptible to interest rate changes in the U.S., analysts are keenly watching to see what the outcome of the next few weeks could be.

      The Dollar sunk to the lowest rate in a month, sparking orders for gold as the value increased.

      Continuing the trend, the SPDR Gold Shares fund saw its biggest day of trading in months, with silver rates also rising.

      4 August 2016

    • Gold Prices In London Rise As Dollar Weakens

      The price of spot gold rose by 0.4% to $1,320.46 per ounce and the price of gold futures, to be delivered in August, came up by $1.40 per ounce to rest at $1,320.90. The value of the dollar came down by about 0.25% against a host of currencies. The investors are now waiting for the announcement by the US Federal Reserve about the interest rates. For the moment, the expectation is that the interest rates will remain unchanged. The fed will get into a 2 day meeting today, post which the announcement about the interest rates will be made. Speaking about the commodity markets, Mr. Daniel Smith, Oxford Economics’ director for commodity services said that he estimated that there was a 50% chance that the fed will increase the interest rate once before the end of the year.

      28 July 2016

    • Gold drifts further down to settle at Rs.30,850 / 10 grams

      On Friday, the bullion market recorded a further downward drift of Rs.50 on gold prices, and the price eventually settled down at Rs.30,850 per 10 grams of 99.9% purity gold in Delhi.

      The dip is being attributed to lower demand from jewellers at the spot market (domestic) and a weak trend being tracked overseas.

      Investors are focussed and waiting for the job report to be released containing US jobs data which may or may not raise the price of gold, but will definitely affect it.

      In the global market, Gold in Singapore is presently trading at $1,354.69 / ounce. This is after a drop of 0.4%.

      To summarize, as on 8th July 2016:

      10 grams of gold of 99.5% purity currently trades at Rs.30,700.

      10 grams of gold of 99.9% purity currently trades at Rs.30,850.

      Gold sovereign currently trades at Rs.23,400 (per 8 grams sovereign).

      One kilo of silver ready currently trades at Rs.45,500.

      100 pieces of silver coins currently trades at Rs.73,000 (buying) and Rs.74,000 (selling).

      8 July 2016

    • Easing Brexit Concerns Lead to Decline in Gold Prices

      Gold prices declined to a two-week low prior to the Brexit referendum which was expected to determine Britain’s membership in the European Union. The value of spot gold fell by 0.3% at US$1,261.90 per ounce, making it the lowest recorded price since June 9 when gold was valued at US$1,257.91 per ounce.

      US gold futures declined by 0.5% to us$1,263.10 an ounce. The director of metals trading for Chicago-based High Ridge Futures, David Meger, revealed that the market will remain on hold. Since gold is regarded as a hedge against financial and economic uncertainty, there is expected to be lower demand for safe-haven assets in the near future.

      27 June 2016

    • Gold Posts Highest Price Rise in Years, Records 6% Rise

      Friday (24th June, 2016) saw god jump over 6% to record the biggest price surge in over 3 years as market volatility and a weakening Rupee pushed prices up.

      The price of gold on the Multi Commodity Exchange posted August delivery at Rs. 31,708 for 10 grams. This is the highest price since September 2013.

      As news of the UK’s referendum vote trickled in, investors began to move their money into safe assets like gold. The possibility of the UK leaving the European Union would send markets tumbling across the world, causing instability and repercussions for the foreseeable future.

      24 June 2016

    • Gold to Trade in Range of 30165 to 30875

      According to Achiievers Equity, the range in which gold will trade for the day is 30165 to 30875. Gold prices have seen an increase and recovery from weaker dollar combined with a cautious remark regarding raise of interest rates by U.S Federal Reserve policy member.

      James Bullard, who is the President of St.Louis Fed said that the ‘dot plot’ of the Central Bank regarding projected rate of interest policy seems to be very steep. SPDR Gold Trust Holdings increased by 0.59 percent that amounts to 5.35 tonnes to a 907.88 tonnes from 902.53 tonnes.

      22 June 2016

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

    Gold Rate - Sitemap

    Gold Rate In Metro Cities
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