Gold Rate In Karnataka Today

  • Today's Gold Rate in Karnataka ( 20 Sep 2019 )
    ₹ 3,518
    Today's Gold Rate (22K) per gram
    Compare Gold Rate in Karnataka (Today & Yesterday)
    Today
    (20 Sep 2019)
    Yesterday
    (19 Sep 2019)
    Rate Change
    Standard Gold (22 K) ( 1 gram ) ₹ 3,518 ₹ 3,545 ₹ -27 ↓
    Standard Gold (22 K) ( 8 grams ) ₹ 28,144 ₹ 28,360 ₹ -216 ↓
    Pure Gold (24 K) ( 1 gram ) ₹ 3,694 ₹ 3,722 ₹ -28 ↓
    Pure Gold (24 K) ( 8 grams ) ₹ 29,552 ₹ 29,776 ₹ -224 ↓
    Daily Gold Rates
    Date Standard Gold (22 K) Pure Gold (24 K)
    1 gram 8 grams 1 gram 8 grams
    20 Sep 2019 ₹ 3,518 ₹ 28,144 ₹ 3,694 ₹ 29,552
    19 Sep 2019 ₹ 3,545 ₹ 28,360 ₹ 3,722 ₹ 29,776
    18 Sep 2019 ₹ 3,554 ₹ 28,432 ₹ 3,732 ₹ 29,856
    17 Sep 2019 ₹ 3,554 ₹ 28,432 ₹ 3,732 ₹ 29,856
    16 Sep 2019 ₹ 3,513 ₹ 28,104 ₹ 3,689 ₹ 29,512
    15 Sep 2019 ₹ 3,513 ₹ 28,104 ₹ 3,689 ₹ 29,512
    14 Sep 2019 ₹ 3,528 ₹ 28,224 ₹ 3,704 ₹ 29,632
    13 Sep 2019 ₹ 3,540 ₹ 28,320 ₹ 3,717 ₹ 29,736
    12 Sep 2019 ₹ 3,575 ₹ 28,600 ₹ 3,754 ₹ 30,032
    11 Sep 2019 ₹ 3,595 ₹ 28,760 ₹ 3,775 ₹ 30,200

    Weekly & Monthly Graph of Gold Rate in Karnataka

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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 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 April 2019 to June 2019 (per gram of 24 karat gold)

    Factor April May June
    1st day Rs.3,134 per gram Rs.3,134 per gram Rs.3,158 per gram
    Last day Rs.3,145 per gram Rs.3,158 per gram Rs.3,344 per gram
    Highest price Rs.3,145 per gram on 12 and from 28-30 April Rs.3,187 per gram on 15 May Rs.3,398 per gram on 26 June
    Lowest price Rs.3,103 per gram on 4 and from 18-23 April Rs.3,103 per gram on 24 May Rs.3,158 per gram on 1 June
    Trend Incline Incline Incline
    Change 0.35% 0.76% 5.88%

    Gold Rate Trend in Karnataka for January 2019 to March 2019 (per gram of 24 karat gold)

    Factor January February March
    1st day Rs.3,113 per gram Rs.3,268 per gram Rs.3,284 per gram
    Last day Rs.3,271 per gram Rs.3,284 per gram Rs.3,134 per gram
    Highest price Rs.3,271 per gram on 31 January Rs.3,332 per gram on 21 February Rs.3,284 per gram on 1 March
    Lowest price Rs.3,113 per gram from 1-3 January Rs.3,236 per gram on 14 and 15 February Rs.3,108 per gram on 30 March
    Trend Incline Incline Decline
    Change 5.07% 0.48% -4.56%

    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.

    Also Check Petrol Price and Diesel Price in Karnataka

    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

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    All that you need to know about the Gold Monetization Scheme

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    News About Karnataka Gold Rate

    • Gold prices reduce in Delhi because of delay in festive demand

      Gold prices decreased on 11 September 2019 by Rs.372 and hit Rs.39,975 for 10 grams. According to HDFC Securities, the main reason for the decrease in prices is the delay in festive demand.

      Silver also followed gold and reduced by Rs.1,150 and hit Rs.48,590 for a kg. According to a senior analyst (commodities) of HDFC Securities, Tapan Patel, the festival demand has been low in the physical market because of the high prices of gold. In the international market, trading of gold was higher and hit $1,490 for an ounce. Silver prices also increased and hit $18.10 for an ounce. Prices increased slightly because of the development in trade talks between China and the US and the upcoming European Central Bank meeting. 99.9% pure gold and silver closed on 9 September 2019 at Rs.39,347 for 10 grams and Rs.49,740 for a kg, respectively. Due to Muharram, the bullion market remained closed on 10 September 2019.

      13 September 2019

    • Record highs hit by gold prices for second consecutive day

      As per reports by the Press Trust of India, gold prices increased by Rs.50 on 21 August 2019 to hit record highs of Rs.38,820 per 10 grams. 99.5% and 99.9% pure gold prices increased by Rs.50 to hit Rs.38,650 and Rs.38,820 for 10 grams.

      On 20 August 2019, 10 grams of gold hit record prices of Rs.38,770. However, there was some softness shown by futures markets. October gold futures on MCX decreased to Rs.37,883, down by 0.32%. However, the demand for gold is high in India. Import of gold has also fallen significantly for the month of July when compared to the same time last year. Domestic gold sales have also reduced in major gold-buying states such as Karnataka and Kerala due to floods. According to jewellers, there has been an increase in the supply of old gold jewellery. Gold prices remained steady in global markets at around $1,500. Investors have been waiting for clues on US interest rates, which is expected on 21 August 2019. Analysts do not expect a sharp decline in gold prices but are expecting the prices to decrease. Gold prices were also supported due to the uncertainty of any trade between the US and China.

      22 August 2019

    • Gold Drops After Robust U.S. Data Dampens Bullion Demand

      Gold prices fell by close to 1% after the release of robust U.S. economic data, which dented demand for bullion. Investors also reduced offtake ahead of the upcoming U.S. Federal Reserve meeting.

      Spot gold fell by 0.8% to $1,414.60 per ounce while U.S. gold futures fell by 0.6% to $1,414.70 per ounce.

      Prices had risen after the European Central Bank had left its key rates unchanged, but a drop in U.S. unemployment data boosted investor confidence in equity markets.

      Though dovish monetary policies by central banks and a weak economic climate encourage higher investment in gold, investors reacted to the positive U.S. data by reducing their bullion positions.

      26 July 2019

    • Gold Rises on Weak Dollar and Growth Concerns

      Gold prices rose as an easing dollar and weak Chinese trade data renewed global growth fears. Spot gold rose 0.3% to trade at $1,408.27 per ounce while U.S. gold futures recorded a marginal rise of 0.2% to $1,409.8 per ounce.

      Disappointing figures from China indicated that the country’s economy is still struggling, which renewed fears of a global slowdown and increased interest in bullion as a safe-haven asset.

      The dollar index also boosted gold’s chances, as it fell for a third straight day on indications of interest rate cuts by the Federal Reserve.

      Slowing business growth and the lingering effects of trade disputes dented investment, with the Fed looking to ramp up development through a rate cut.

      12 July 2019

    • Price of Gold fluctuates and drops just before hitting the Rs.35,000 mark

      Due to a weak global trend, the price of gold fell sharply on 26 June 2019. Gold was priced at Rs.34,322 per 10 grams after the fall in prices.

      On 25 June 2019, the price of gold futures rose above the Rs.35,000 per 10 grams mark to Rs.35,100. However, it slipped after the United States Federal Reserve did not give importance to the much-expected interest rate cuts.

      The rate of Spot gold was down for the first time in seven sessions at $1,405. Gold was at an all-time high in six years hovering around $1,438 per ounce due to various geo-political events and a possibility of a growth slowdown, globally.

      Another factor which played a role in the decrease in bullion prices is the dollar index rose by 0.2% in the global economy after continuous lows. Amongst other precious metals, silver prices fell by 1.1% to $15.20 per ounce.

      28 June 2019

    • U.S. Rate Cut Signs Send Gold Soaring

      Gold rates soared on news of a possible U.S. Federal Reserve interest rate cut, as the dollar and U.S. Treasury yields were dented.

      Spot gold surged by 1.4% to $1,406.81 per ounce, rising to its highest rate since 2013 as tensions in the Middle East also boosted demand for the safe-haven metal. U.S. gold futures also saw a sharp rise, trading 1% higher at $1,410.70 per ounce.

      Dovish indications from the U.S. central bank as well as the European Central Bank have bolstered demand for bullion, as sluggish economic growth has rattled investors.

      Growing global and domestic economic risks have sparked fears of a global recession, with many central banks adopting a monetary easing policy to boost flagging economies.

      The U.S. dollar fell against a basket of global currencies while U.S. Treasury yields dropped by 2%, encouraging a bull run for gold in the near future.

      21 June 2019

    • Gold Rises on Local Jeweller Support and Rising Rupee

      Gold prices surged in trading on Friday on the back of positive overseas trends and a rise in jeweller demand. With the rupee also rising against the dollar, the increase in bullion offtake was seen as a risk mitigator.

      Gold of 99.9% purity rose by Rs.150 to trade at Rs.33,020 for 10 grams while 99.5% purity gold traded at Rs.32,850 for 10 grams, also recording a rise of Rs.150. There was no change in sovereign gold prices, which continued to trade at Rs.26,400 per 8-gram piece.

      Spot gold also saw a marginal rise, trading at $1,282.70 per ounce as investors increased their bullion short positions.

      26 April 2019

    • Gold Drops to Week Low on Increased Risk Appetite

      Gold prices dropped to near 1-week lows as the possibility of a trade deal between the United States and China increased investor risk appetite.

      Spot gold lost 0.2% in value and traded at $1,287.34 per ounce despite the dollar weakening. U.S. gold futures traded at $1,291.30 per ounce, losing $3.90 due to investors reducing their positions.

      Positive U.S. import data as well as encouraging industrial figures from China bolstered the markets and eased fears of an impending global economic slowdown.

      Gold fell below its $1,300-mark, a psychological dent that could entice buyers and result in a temporary bottom. However the upcoming wedding season in key markets like India could reverse the precious metal’s value.

      15 April 2019

    • Gold Futures Drop on Weak Global Cues

      Gold dropped by 0.50% on the futures market on weak overseas cues as traders trimmed their positions. Gold for delivery in June 2019 dropped by Rs.160 to Rs.31,900 for 10 grams for a business turnover of 105 lots.

      Gold for April 2019 delivery also saw a slide in price, falling by Rs.159 to Rs.31,667 for 10 grams to record a 0.50% drop.

      Traders off-loading positions due to a weak overseas trend have been attributed to the drop. A strengthening of equity markets and a rise in the dollar weighed on gold futures.

      Spot gold also fared poorly, falling by 0.31% to trade at $1,299.30 per ounce on reduced interest and a strong dollar.

      18 March 2019

    • Gold Enjoys Stable Run On Weak Dollar

      Gold strengthened its position on the futures market, settling at a near three-week high as geopolitical uncertainty increased investor orders of the precious metal.

      In spite of the U.S. dollar rising against a basket of global currencies, gold futures for December delivery rose by 0.2% to settle at $1,225.30 per ounce, recording its highest finish in over a month.

      Silver futures for December delivery also saw a similar rise, climbing by 0.2% to settle at $14.403 per ounce as industrial offtake increased.

      Worries about the impact of Brexit on global markets led to higher volumes of bullion being booked on the commodity exchanges.

      19 November 2018

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