Gold Price Trend In Bangalore

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

Parameters Gold price (24 karat)
December 1 Rate Rs.2,982 per gram
December 31 Rate Rs.3,113 per gram
Highest Rate in December Rs.3,113 per gram on 30 and 31 December
Lowest Rate in December Rs.2,982 per gram on 1 December
Overall Monthly Performance Incline
Percentage Change 4.39%
Comparison for 24 K Gold Rates for Bangalore December 2018
Graph for Gold Rate (24K) in Bangalore December 2018

December 2018 - Week 1 (1 - 9):

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

December 2018 - Week 2 (10 - 16):

Parameters Gold price (per gram of 24 karat gold)
December 10 Rate Rs.2,982 per gram
December 16 Rate Rs.3,098 per gram
Overall Weekly Performance Incline
  • An increase in overseas and local demand saw gold prices in Bangalore surge this week, as the metal opened the week at Rs.2,982 per gram.
  • Fears over the impact of Brexit and the protests in France affected markets and led investors to increase safe-haven gold purchases.
  • Gold rates jumped from Rs.3,045 per gram on 6 December to close the week at Rs.3,098 per gram, recording a rise of Rs.116 per gram over the course of the week.

December 2018 - Week 3 (17 - 23):

Parameters Gold price (per gram of 24 karat gold)
December 17 Rate Rs.3,098 per gram
December 23 Rate Rs.3,079 per gram
Overall Weekly Performance Decline
  • Like in most cities, gold started on a high in Bangalore as well before dropping for the next few days and picking back up again.
  • On the 17th of December, gold was priced at Rs.3,098 per gram, which then dropped to Rs.3,090 per gram the next day and then rose back to Rs.3,098 per gram.
  • Gold rates in Bangalore dropped by Rs.40 on the 20th as it went down to Rs.3,058 per gram before dropping further down to Rs.3,056 per gram the next day.
  • Over the 22nd and 23rd, gold rates rose up - trading at Rs.3,069 per gram and Rs.3,079 per gram respectively.

December 2018 - Week 4 (24 - 31):

Parameters Gold price (per gram of 24 karat gold)
December 24 Rate Rs.3,079 per gram
December 31 Rate Rs.3,113 per gram
Overall Weekly Performance Incline
  • When trading opened for the week in Bangalore, gold was priced at Rs.3,079 per gram on the 24th with strong domestic demand from local jewellers and retailers amid positive trends overseas.
  • Demand remained high for much of the week with investors banking on the safe-haven asset amid possibilities of a partial US government shutdown and dropping economy amid the prolonged US-Sino trade dispute.
  • The month came to an end with gold rate in Bangalore holding at Rs.3,113 per gram on the 31st registering a 4.39% increase in prices during the course of the month.

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

Parameters Gold price (24 karat)
November 1 Rate Rs.3,140 per gram
November 30 Rate Rs.2,999 per gram
Highest Rate in November Rs.3,140 per gram on 1 November
Lowest Rate in November Rs.2,999 per gram on 30 November
Overall Monthly Performance Decline
Percentage Change -4-49%

November 2018 - Week 1 (1 - 4):

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

November 2018 - Week 2 (5 - 11):

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

November 2018 - Week 3 (12 - 18):

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

November 2018 - Week 4 (19 - 25)

Parameters Gold price (per gram of 24 karat gold)
November 19 Rate Rs.3,061 per gram
November 25 Rate Rs.3,022 per gram
Overall Weekly Performance Decline
  • A falling rupee and reduced local offtake resulted in gold rates falling steeply during the week.
  • Gold opened at a stable Rs.3,061 per gram on 19 November but a strengthening dollar impacted local industrial and retail sales.
  • Jewellers reduced orders due to poor sales, as gold rates in Bangalore dropped to Rs.3,040 per gram on 22 November.
  • Markets across Europe strengthened following the Brexit draft submission and investors stayed away from bullion, further reducing sales.
  • Prices fell sharply as the week ended, with gold trading at Rs.3,022 per gram on 25 November to record a steep fall of Rs.39 during the week.

November 2018 - Week 5 (26 - 30):

Parameters Gold price (per gram of 24 karat gold)
November 26 Rate Rs.3,022 per gram
November 30 Rate Rs.2,999 per gram
Overall Weekly Performance Decline
  • Gold prices in Bangalore reflected trends seen in other cities, recording a sharp drop in prices due to declining demand.
  • The precious metal traded at Rs.3,022 per gram on 26 November and rose to Rs.3,024 per gram on 27 November on strong overseas cues.
  • Comments by the Fed on fiscal health and a possible thaw in Sino-U.S. trade relations boosted the dollar, as gold dropped to Rs.3,001 per gram on 29 November.
  • The end of the month saw gold trade at Rs.2,999 per gram, registering a loss of Rs.23 due to poor offtake.

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

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

October 2018 - Week 1 (1 - 7):

Parameters Gold price (per gram of 24 karat gold)
October 1 Rate Rs.3,017 per gram
October 7 Rate Rs.3,092 per gram
Overall Weekly Performance Incline
  • The month began with gold trading at Rs.3,017 per gram, with local demand being poor due to the rising retail cost of gold.
  • As markets fell ahead of the Federal Reserve meeting, demand for safe-haven assets like bullion rose and gold price in Bangalore rose to Rs.3,050 per gram on 3 October.
  • Prices continued to rise for the rest of the week, bolstered by growing market volatility and rising local demand.
  • Gold price in Bangalore rose to Rs.3,061 per gram on 4 October as jewellers increased orders in spite of the falling rupee and a drop in retail sales.
  • The week ended with gold prices rising to Rs.3,092 per gram on 7 October to record an increase in price of Rs.74 during the week.

October 2018 - Week 2 (8 - 14):

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

October 2018 - Week 3 (15 - 21):

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

October 2018 - Week 4 (22 - 28):

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

October 2018 - Week 5 (29-31):

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

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

Parameters Gold price (24 karat)
September 1 Rate Rs.2,984 per gram
September 30 Rate Rs.3,017 per gram
Highest Rate in September Rs.3,035 per gram on 26 September
Lowest Rate in September Rs.2,972 per gram on 16 September
Overall Monthly Performance Incline
Percentage Change 1.10%
Comparison for 24 K Gold Rates for Bangalore August 2018
Graph for Gold Rate (24K) in Bangalore August 2018

September 2018 - Week 1 (1 - 8):

Parameters Gold price (per gram of 24 karat gold)
September 1 Rate Rs.2,984 per gram
September 8 Rate Rs.3,003 per gram
Overall Weekly Performance Incline
  • Following trends were seen across other Indian cities, gold rates in Bangalore opened at Rs.2,984 per gram at the start of trading.
  • Prices dipped to Rs.2,972 per gram on 3 September as the rupee strengthened against the dollar and markets were stable, leading to lower demand for the metal.
  • Gold recovered to trade at Rs.2,982 per gram on 5 September as retail demand picked up in spite of a falling rupee.
  • Industrial demand for the metal was also on the upswing as fears of a global trade war led to greater demand for bullion.
  • Prices rose to Rs.3,007 per gram on 7 September as the dollar dropped on domestic political uncertainty, as overall demand was steady.
  • The week ended with gold falling marginally to Rs.3,003 per gram on 8 September.

September 2018 - Week 2 (9 - 14):

Parameters Gold price (per gram of 24 karat gold)
September 9 Rate Rs.3,003 per gram
September 14 Rate Rs.3,022 per gram
Overall Weekly Performance Incline
  • Steady demand and a falling rupee resulted in gold prices in Bangalore rising over the course of the second week of September.
  • The precious metal opened the week at Rs.3,003 per gram, with the price remaining unchanged for a few days.
  • Fluctuating demand from overseas and a boost to the euro helped gold rise to Rs.3,008 per gram on 12 September.
  • As the dollar recovered and rose against the rupee, gold imports became cheaper and demand rose.
  • Gold rose to Rs.3,022 per gram on 13 September as fears of a trade war led to higher interest in gold, with prices remaining constant as the week ended the next day.

September 2018 - Week 3 (15 - 22):

Parameters Gold price (per gram of 24 karat gold)
September 15 Rate Rs.3,014 per gram
September 22 Rate Rs.3,026 per gram
Overall Weekly Performance Incline
  • Gold prices in Bangalore rose over the course of the week in spite of fluctuations due to poor local retail demand.
  • The precious metal was priced at Rs.3,014 per gram on 15 September, with prices falling as retail demand was sluggish due to the rising price.
  • The ongoing trade tensions between China and the U.S. led to a rise in demand for safe-haven assets like bullion, but local prices instead fell to Rs.3,008 per gram on 16 September.
  • There was a sharp rise in price as gold traded at Rs.3,022 per gram on 18 September following a steep fall across markets and currencies.
  • Favourable market conditions led to a rise in orders for the yellow metal, which saw gold trade at Rs.3,035 per gram on 20 September.
  • Prices fell marginally as the week ended, as gold traded at Rs.3,026 per gram on 22 September.

September 2018 - Week 4 (23 - 30):

Parameters Gold price (per gram of 24 karat gold)
September 23 Rate Rs.3,019 per gram
September 30 Rate Rs.3,017 per gram
Overall Weekly Performance Decline
  • Demand for gold in the I.T. capital of the country saw the precious metal’s value fall slightly due to conflicting market cues and flagging demand.
  • The week began with gold priced at Rs.3,019 per gram on 23 September before prices rose to Rs.3,022 per gram on 25 September on positive trading.
  • The falling dollar rate and growing retail demand capped gold gains, but prices remained steady in spite of conflicting cues.
  • Gold rose to Rs.3,035 per gram on 26 September as investors looked to bullion as a safe haven asset as markets were volatile.
  • The trade crisis and the fluctuating dollar rate impacted gold demand, but local demand fell as the week progressed.
  • Prices dropped sharply to Rs.3,017 per gram on 30 September as demand dropped after interest rates were raised.

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

Parameters Gold price (24 karat)
August 1 Rate Rs.2,935 per gram
August 31 Rate Rs.2,959 per gram
Highest Rate in August Rs.2,964 per gram on 28 and 29 August
Lowest Rate in August Rs.2,970 per gram on 16 August
Overall Monthly Performance Incline
Percentage Change 0.81%
Comparison for 24 K Gold Rates for Bangalore July 2018
Graph for Gold Rate (24K) in Bangalore July 2018

August 2018 - Week 1 (1 - 5):

Parameters Gold price (per gram of 24 karat gold)
August 1 Rate Rs.2,935 per gram
August 5 Rate Rs.2,914 per gram
Overall Weekly Performance Decline
  • The first week of August saw a decline in the price of gold in the I.T. capital of the country, in line with trends seen across other Indian cities.
  • Gold opened at Rs.2,935 per gram as the gold rate in Bangalore was also influenced by the rapid rise in the dollar rate, which lowered retail demand for gold in the city.
  • The release of the Federal Reserve report on the U.S. economy bolstered the dollar, as gold prices fell on reduced industrial offtake.
  • The end of the week saw a minor rise in the value of gold, as the precious metal traded at Rs.2,914 per gram to record a Rs.21 loss in value over the course of the week.

August 2018 - Week 2 (6 - 12):

Parameters Gold price (per gram of 24 karat gold)
August 6 Rate Rs.2,914 per gram
August 12 Rate Rs.2,919 per gram
Overall Weekly Performance Incline
  • Gold prices in Bangalore increased in demand during the second week of August as the dollar stabilised during this time.
  • The gold rate in Bangalore stood at Rs.2,914 per gram on 6 August, as the dollar weakened during this period.
  • The dollar then increased to a 13 month high on 10 August  which had an effect on the gold rates in Bangalore.
  • Gold rate in Bangalore then shot up to Rs.2,919 per gram on 12 August. During this time, European banks were exposed to Turkey, which in turn led to the strengthening of the dollar.
  • The week ended with an incline trend in Gold rates in Bangalore. At the end of the week ending 12 August, gold rate in Bangalore stood at Rs.2,919 per gram.

August 2018 - Week 3 (13 - 19):

Parameters Gold price (per gram of 24 karat gold)
August 13 Rate Rs.2,919 per gram
August 19 Rate Rs.2,898 per gram
Overall Weekly Performance Decline
  • The gold price in Bangalore during the third week of August stooped as dollar rates hit a near 13-month high.
  • On 13 August, the gold price in Bangalore stood at Rs.2,919 per gram. During the same period, the dollar value was on a rise.
  • The gold price then stabilised for a few days after which it declined marginally towards the end of the week.
  • At the end of Week 3, the gold rate in Bangalore declined in comparison to the former part of the week. The price of the metal on 19 August stood at Rs.2,898 per gram. This was during the same period when US - China trade talks were in place.
  • Week 3 ended with the metal priced at Rs.2,898 per gram, and showed a declining trend for the week ending 19 August.

August 2018 - Week 4 (20 - 26):

Parameters Gold price (per gram of 24 karat gold)
August 20 Rate Rs.2,898 per gram
August 26 Rate Rs.2,914 per gram
Overall Weekly Performance Incline
  • Gold in Bangalore was recorded trading at Rs.2,898 per gram on the 20th as trading commenced for the week at the domestic level.
  • Prices remained untouched at Rs.2,898 per gram on the 21st before surging to Rs.2,909 per gram on the 22nd on account of an increased buying from local jewellers and retailers.
  • Strong domestic demand coupled with firm overseas market trends led to gold rate in Bangalore surging further to Rs.2,919 per gram on the 23rd.
  • With the US dollar recovering over the next couple of days, demand for the metal stabilised and gold price in Bangalore stabilised at Rs.2,914 per gram on the 24th.
  • The week concluded with gold rate in Bangalore finishing at Rs.2,914 per gram on the 26th, thanks to steady demand from local jewellers, retailers and industries.

August 2018 Week 5 (27 - 31):

Parameters Gold price (per gram of 24 karat gold)
August 27 Rate Rs.2,914 per gram
August 31 Rate Rs.2,959 per gram
Overall Weekly Performance Incline
  • Gold prices in Bangalore saw sharp increases in the last week of August as positive market trends as well as seasonal demand bolstered prices.
  • The precious metal opened the week at Rs.2,914 per gram on 27 August, remaining unchanged from the previous week as overseas demand was weak.
  • The announcement of a slower pace of interest rate hikes negatively affected the dollar, as stock markets also fell sharply.
  • Interest in gold rose sharply as the metal traded at Rs.2,964 per gram on 28 August on increased orders across sectors.
  • Prices fell marginally as the week drew to a close, with gold trading at Rs.2,959 per gram on 31 August.

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

Parameters Gold price (24 karat)
July 1 Rate Rs.2,993 per gram
July 31 Rate Rs.2,940 per gram
Highest Rate in July Rs.3,014 per gram on 6, 9 and 10 July
Lowest Rate in July Rs.2,940 per gram on 25, 28 and 31 July
Overall Monthly Performance Decline
Percentage Change -1.77%
Comparison for 24 K Gold Rates for Bangalore June 2018
Graph for Gold Rate (24K) in Bangalore June 2018

July 2018 - Week 1 (1 - 7):

Parameters Gold price (per gram of 24 karat gold)
July 1 Rate Rs.2,993 per gram
July 7 Rate Rs.3,014 per gram
Overall Weekly Performance Incline
  • In Bangalore, gold trading opened for the week with the metal opening at Rs.2,993 per gram.
  • Rates continued to hold steady for the next two days as demand for the metal was on the steadier side.
  • On the 2nd and the 3rd, gold was priced at Rs.2,993 per gram before dropping to Rs.2,982 per gram on the 4th of the month as a strong dollar pushed demand down,
  • The 5th saw gold rate in Bangalore rise to Rs.3,008 per gram after cues improved owing to a declining dollar and stock market.
  • Rates were steady on the 6th as well and the metal traded at Rs.3,008 per gram on the day before rising to Rs.3,014 per gram on the final day due to a strong rise in local demand.

July 2018 - Week 2 (8 - 14):

Parameters Gold price (per gram of 24 karat gold)
July 8 Rate Rs.3,008 per gram
July 14 Rate Rs.2,972 per gram
Overall Weekly Performance Decline
  • The week saw gold rate in Bangalore fluctuating with uneven market trends overseas causing demand vagaries at the domestic level.
  • Gold was priced at Rs.3,008 per gram on the 8th when the week began with steady local demand amid favourable market cues.
  • Prices remained unaltered at Rs.3,008 per gram the next day before a drop in the dollar value brought about by the rising US-Chinese trade war concerns led to gold rates surging to Rs.3,014 per gram on the 10th.
  • Gold continued trading at the same rate the next day before dropping to Rs.3,003 per gram on the 12th as the US dollar regaining lost ground against a basket of other emerging currencies at the international level.
  • With the US threatening to impose additional tariffs on Chinese imports, the greenback surged against the yuan. This led to investor demand dropping towards the end of the week.
  • Trading concluded for the week with todays gold rate in Bangalore holding at Rs.2,972 per gram with poor domestic demand from local industries, jewellers and retailers amid the weak global cues.

July 2018 - Week 3 (15 - 22):

Parameters Gold price (per gram of 24 karat gold)
July 15 Rate Rs.2,972 per gram
July 22 Rate Rs.2,956 per gram
Overall Weekly Performance Decline
  • Gold was priced at Rs.2,972 per gram in Bangalore when the week began. This was the same the previous day as well, as demand was steady.
  • On the 16th, gold rates in Bangalore went up to Rs.2,972 per gram as local demand improved ahead of increased sales before continuing at this rate on the 17th as well.
  • However, as a strong dollar kept pushing gold sales down everywhere in the country and the world, gold rate in Bangalore also dropped - to Rs.2,966 per gram on the 18th.
  • The 19th recorded a much bigger price decrease - with the metal trading at Rs.2,940 per gram - a significant Rs.26 per gram decline as demand dropped considerably after Fed interest rate hikes were discussed.
  • After cues improved amidst Donald Trump’s statements regarding the Fed policy, gold rates went up to Rs.2,942 per gram on the 20th and then to Rs.2,945 per gram the subsequent day.
  • When the week came to a halt, gold was seen trading at a further improved rate of Rs.2,956 per gram.

July 2018 Week 4 (22 - 31):

Parameters Gold price (per gram of 24 karat gold)
July 22 Rate Rs.2,956 per gram
July 31 Rate Rs.2,940 per gram
Overall Weekly Performance Decline
  • Gold rates in Bangalore, the I.T. capital of India, showed little signs of fluctuation, but prices remained low due to prevalent trends.
  • The precious metal was priced at Rs.2,956 per gram on 22 July, with prices rising marginally on increased retail demand.
  • Overseas demand for gold was on the decline as the dollar continued to dominate global currency markets in spite of trade war fears.
  • The continued trade tensions with China coupled with the high dollar rate saw investors stay away from gold, which fell to Rs.2,945 per gram on 26 July.
  • Gold prices in Bangalore rose briefly during the week before prices fell due to declining demand, as gold prices closed the month trading at Rs.2,940 per gram.

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

Parameters Gold price (24 karat)
June 1 Rate Rs.3,045 per gram
June 30 Rate Rs.2,998 per gram
Highest Rate in June Rs.3,101 per gram on 14 June
Lowest Rate in June Rs.2,998 per gram on 30 June
Overall Monthly Performance Decline
Percentage Change -1.54%
Comparison for 24 K Gold Rates for Bangalore May 2018
Graph for Gold Rate (24K) in Bangalore May 2018

June 2018 - Week 1 (1st - 10th)

  • Gold rates in Bangalore was on the consistent side for the first three days before changing considerably over the next few.
  • When the week began on the 1st of June, gold was priced at Rs.3,045 per gram. Due to a steady local demand, the precious metal continued to trade at Rs.3,045 per gram over the next two days as well.
  • As cues from the global markets was rather weak ahead of the strong US jobs data and the subsequent rise in the markets and the US dollar, gold rates dropped.
  • On the 5th, gold rates in Bangalore dropped to Rs.3,029 per gram before continuing at this rate on the 6th and the 7th as well.
  • Bullion demand began to pick up from the 8th onwards as the G7 summit involving all the major economies of the country didn’t endure a good time.
  • After US President Donald Trump caused a massive furore on how the trade deal is weak, markets crashed and safe haven demand surged.
  • On the 8th, the metal traded at Rs.3,035 per gram before rising considerably to Rs.3,056 per gram as the aftermath of the summit began to ripple.
  • The week came to an end with the metal still trading at Rs.3,056 per gram.

June 2018- Week 2 (11th-17th)

  • Gold prices in Banglore fluctuated over the course of the week as demand was heavily influenced by geopolitical situations.
  • The yellow metal traded at Rs.3,045 per gram on 11 June as prices fell on poor overseas demand.
  • The upcoming summit between Trump and Kim in Singapore led to lower demand for gold overseas, though local demand held steady.
  • Gold prices jumped to Rs.3,101 per gram on 13 June as the dollar plunged on renewed fears of a global trade war due to fresh tariffs imposed by the U.S. on Chinese goods.
  • Prices fluctuated over the next few days as the dollar was volatile due to conflicting cues.
  • Gold fell to Rs.3,056 per gram on 14 June as an impending rate hike led to a rise in the dollar rate and equity performance.
  • Prices continued to drop as the week progressed, with gold trading at Rs.3,045 per gram on 16 & 17 June.

June 2018 - Week 3 (18th - 24th)

  • Trading began for the week with gold prices in Bangalore holding at Rs.3,045 per gram on the 18th after a poor trend overseas led to rates dropping considerably over the weekend.
  • Gold rates dropped to Rs.3,035 per gram on the 19th and continued trading at the same rate the next day with global investor demand held in check by the rising dollar and equities.
  • The 21st saw gold prices plunging further to Rs.3,024 per gram with the bullion recorded near six-month lows at the international level.
  • Though rates rebounded to Rs.3,040 per gram on the 22nd, the strengthening US dollar index coupled with the well-performing US stock markets led to gold prices plummeting to Rs.3,008 per gram - a decline of Rs.16 - on the 23rd.
  • The week came to an end with the yellow metal finishing at Rs.3,008 per gram the 24th with subdued but steady demand from local industries, jewellers and retailers.

June 2018 - Week 4 (25th - 30th)

  • In silicon city Bangalore, gold was priced at Rs.3,008 per gram when the fourth week of June opened for trading in Bangalore.
  • With cues remaining positive, gold investors began to invest in the metal more. This caused gold rates to go up to Rs.3,014 per gram on the 26th of the month.
  • On the 27th, prices went up to Rs.3,034 per gram after demand surged owing to a weakened dollar and a subsequent rise in local demand.
  • The 28th saw demand plummet, bringing gold rates down to Rs.3,014 per gram - a Rs.20 decline - as local demand dropped after the US dollar rose and affected gold trading worldwide.
  • On the 29th, gold rates in Bangalore continued to hold at Rs.3,014 per gram before dropping to Rs.2,993 per gram on the final day as the dollar surged against other currencies.

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

Parameters Gold price (24 karat)
May 1 Rate Rs.3,060 per gram
May 31 Rate Rs.3,061 per gram
Highest Rate in May Rs.3,103 per gram on 14 May
Lowest Rate in May Rs.3,045 per gram on 4 and 22 May
Overall Monthly Performance Incline
Percentage Change 0.03%
Comparison for 24 K Gold Rates for Bangalore April 2018
Graph for Gold Rate (24K) in Bangalore April 2018

May 2018 - Week 1 (1st - 6th)

  • The week commenced with the bullion trading at Rs.3,060 per gram on the 1st in Bangalore. The decline in prices was brought about the strengthened US dollar hovering near its three-month high in the international market.
  • The dollar rose further against a basket of currencies ahead of the two-day Federal Reserve monetary policy meeting. This led to gold rates in Bangalore plunging to Rs.3,056 per gram on the 3rd.
  • However, the Federal Reserve’s decision to gradually increase the interest rates led to the dollar weakening in the global trade. This led to gold prices improving over the next few days.
  • The week ended with gold price in Banaglore holding at Rs.3,071 per gram on the 6th as the dollar weakened amid rising geopolitical concerns.

May 2018 - Week 2 (7th - 13th)

  • Silicon city, Bangalore, bore witness to considerable fluctuations in gold prices this week. Rates increased and decreased over the first four days before rising over the next three.
  • When the week began on the 7th, the precious metal was priced at Rs.3,077 per gram.
  • This then rose to Rs.3,082 per gram due to increased buying but fell back to Rs.3,077 per gram on the 8th as the US dollar surged ahead of positive treasury yields.
  • A rise in local demand pushed prices in Bangalore up to Rs.3,082 per gram on the 9th. The previous day’s incline was helped by a poor inflation data in the US.
  • Gold traded at a much improved rate of Rs.3,087 per gram on the 11th before recording a Rs.16 jump to sell at Rs.3,103 per gram.
  • On the final day of this week, gold traded at Rs.3,103 per gram.

May 2018 - Week 3 (14th - 20th)

  • Gold prices in Bangalore were recorded holding at Rs.3,103 per gram on the 14th, when the week began amid positive overseas cues.
  • However, the recovering US dollar coupled with strongly performing equity markets led to gold prices plunging over the next couple days.
  • The precious metal was priced at Rs.3,092 per gram on the 15th before plunging to Rs.3,087 per gram on the 16th amid the poor trend overseas.
  • Demand declined further with the US dollar holding onto its gains over during the week and gold was recorded trading at Rs.3,060 per gram on the 17th.
  • The 18th saw bullion rates plummeting to Rs.3,087 per gram before plunging further to Rs.3,050 per gram towards the end of the week after the strengthening US dollar coupled with rising equities resulted in declining demand at the domestic front.

May 2018 - Week 4 (21st - 27th)

  • In Bangalore, gold opened at a relatively strong rate of Rs.3,050 per gram. Due to a drop in demand ahead of a strong dollar, gold rates dropped to Rs.3,045 per gram on the 22nd.
  • The fall happened because of a poor local demand despite a positive trend in other major cities in the country.
  • On the 23rd, gold rates in Bangalore went up to Rs.3,060 per gram - a Rs.15 increase compared to the previous day.
  • A reason was this was the decline of the US dollar after the Fed minutes were made public and stock markets are plummeted.
  • Local demand also surged over the next two days and gold began to trade at Rs.3,066 per gram on the 24th and then at Rs.3,067 per gram on the 25th.
  • The 26th again saw gold rates in Bengaluru rise to Rs.3,087 per gram before dropping to Rs.3,077 per gram on the final day of the month.

May 2018 - Week 5 (28th - 31st)

  • Gold trading opened in Bangalore with rates holding firm at Rs.3,077 per gram on the 28th with consistent demand from domestic industries.
  • However, with the US dollar gaining against a basket of other apex currencies, gold rates dropped to Rs.3,061 per gram on the 29th.
  • Steady domestic demand despite the weak trends overseas led to gold being priced at Rs.3,061 per gram the next day.
  • The month came to an end with the yellow metal trading at Rs.3,061 per gram amid weak global cues.
  • Gold rates in Bangalore rose by 0.03% due to the firm market trends that resulted in steady local demand for much of the month.

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

Parameters Gold price (24 karat)
April 1 Rate Rs.3,019 per gram
April 30 Rate Rs.3,077 per gram
Highest Rate in April Rs.3,098 per gram on 19 and 20 April
Lowest Rate in April Rs.3,005 per gram on 7 April
Overall Monthly Performance Incline
Percentage Change 1.92%
Comparison for 24 K Gold Rates for Bangalore March 2018
Graph for Gold Rate (24K) in Bangalore March 2018

April 2018- Week 1 (1st-7th)

  • Demand for gold in Bangalore was more or consistent in the first week of April, with prices rising towards the middle of the week due to sharp falls in the dollar rate.
  • Gold rate in Bangalore was priced at Rs.3,019 per gram on 1 April, with prices remaining unchanged the following day thanks to steady demand.
  • The escalation of tensions between the United States and China over trade tariffs led to markets falling as investors turned to gold as a safe-haven asset.
  • The precious metal traded at Rs.3,029 per gram on 3 April on strong global demand, as regional demand also saw an increase due to favourable market conditions.
  • Gold price in Bangalore dipped to Rs.3,019 per gram the following day as the dollar recovered after the release of positive U.S. non-farms data, with local retail demand also dropping.
  • The steady rise of the dollar saw demand for gold plunge further as the metal traded at Rs.3,008 per gram on 6 April in spite of turbulent stock markets and the renewal of tensions with China.
  • The end of the week saw some respite for gold as the metal’s price rose to Rs.3,019 per gram on 7 April after a late rally resulted in renewed interest in the asset.

April 2018- Week 2 (8th -15th)

  • In Bangalore, gold prices were slow as the week began but rose towards the end of the week after markets weakened amis Syrian airstrikes.
  • On the 8th, gold was priced at Rs.3,019 per gram. This dropped to Rs.3,014 per gram as markets awaited a strong response from Chinese President Xi Jinping over the trade war between the US and China.
  • The 10th saw gold rates continue at Rs.3,014 per gram as bullion investors were wary of the Fed Reserve rate hike scenario.
  • Local demand surged on the 11th to push gold prices up to Rs.3,040 per gram - a Rs.21 gain in a day.
  • This surged to Rs.3,069 per gram on the 12th as news suggested that the US is likely to carry out joint attacks against the oppressive Syrian regime.
  • Prices dropped on the 14th as panic buying cooled off and gold traded at R.3,061 per gram. The week ended with gold continuing to trade at Rs.3,061 per gram.

April 2018 - Week 3 (16th - 22nd)

  • Gold prices in Bangalore were recorded holding at Rs.3,061 per gram on the 16th with steady demand from domestic jewellers and retailers amid firm overseas trends.
  • The 17th witnessed prices surging to Rs.3,066 per gram as the bullion capitalised the losing US dollar and equity markets.
  • Price rose to Rs.3,071 per gram the next day before surging to Rs.3,098 per gram on the 19th after the US dollar index lost against other apex currencies amid inflationary concerns caused by the well-performing bullion.
  • Steady demand coupled with strong global cues resulted in rates remaining untouched at Rs.3,098 per gram on the 20th.
  • However, with political tensions in Syria and the Korean Peninsula receding, gold rates dropped to Rs.3,087 per gram on the 21st.
  • Thanks to strong demand by jewellers and retailers amid the local wedding season, gold prices rebounded to Rs.3,092 per gram on the the 22nd.

April 2018 - Week 4 (23rd - 30th):

  • Gold price in Bangalore didn’t witness too much of a change in Bangalore, owing to a low yet steady demand for the precious metal.
  • On the 23rd, when the week began, gold was priced at Rs.3,092 per gram - the same as the previous day’s rates.
  • However, demand dropped in Bangalore as the same happened all over the country. Gold traded at Rs.3,077 per gram - a Rs.15 less than the previous day.
  • From the 25th to the 27th, gold continued to trade at Rs.3,077 per gram as demand from local investors didn’t see any change.
  • During the 28th, though, there was a Rs.6 fall in prices and gold was selling at Rs.3,071 per gram over the course of this day.
  • When the week and month came to an end, gold rate in Bangalore were recorded at Rs.3,077 per gram.

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

Parameters Gold price (24 karat)
Gold Rate on 1st March 2018 Rs.3,014 per gram
Gold Rate on 31st March 2018 Rs.3,019 per gram
Highest Rate in March Rs.3,045 per gram on 25, 26, 28 and 29 March
Lowest Rate in March Rs.2,977 per gram on 19 March
Overall Monthly Performance Incline
Percentage Change 0.16%
Comparison for 24 K Gold Rates for Bangalore February 2018
Graph for Gold Rate (24K) in Bangalore February 2018

March 2018 - Week 1 (1 - 5):

  • Gold was priced at Rs.2,987 per gram on 1 March in Bangalore as demand was consistent after a period of turbulence due to the possibility of an interest rate hike.
  • Gold price in Bangalore rose steadily due to the jittery equity markets, which took a nosedive after the surprise announcement of import tariffs on aluminium and steel by Donald Trump.
  • Gold rose to Rs.3,003 per gram on 3 March as local demand was also on a stable footing due to international trends.
  • Gold rate in Bangalore rose to Rs.3,008 per gram on 5 March, with a late rally by the metal resulting in a gain by gold at the end of the week.

March 2018 - Week 2 (5-11):

  • In SIlicon city, Bangalore, gold opened at Rs.3,008 per gram for the second week of March.
  • While gold rates fell in other major cities in India, they held on at Rs.3,008 per gram on the second day of the week, i.e., the 6th of March.
  • With demand worldwide rising as a trade war loomed, gold rates in Bangalore also increased. On the 7th of the month, the metal traded at Rs.3,019 per gram.
  • The 8th saw gold rates dropped to 3,008 as investor demand fell as they exercised cautious while waiting for the wage data.
  • Gold prices dropped on the 9th of March to Rs.2,993 per gram as local demand failed to pick up despite evidence for the contrary in the global market.
  • A brief rise in prices was seen on the 10th when the metal traded at Rs.2,993 per gram before holding on at this rate for the last day of this week.

March 2018 - Week 3 (12 - 18):

  • When trading began in Bangalore, gold was recorded trading at Rs.2,998 per gram on the 12th with steady domestic demand for the meal following firm trends from the previous week.
  • However, with the US dollar gaining against a basket of other emerging currencies ahead of the US consumer price data report, gold rate in Bengaluru plunged to Rs.2,987 per gram on the 13th.
  • Prices remained unaltered at Rs.2,987 per gram on the 14th before surging to Rs.3,003 per gram on the 15th. The rise in prices was due to the dollar losing ground after the abrupt dismissal of Rex Tillerson, the US Secretary of State by the White House.
  • However, with markets refraining from making purchases amid expectations that the Federal Reserve is likely to raise their interest rates for the first time next week, gold rates plummeted to Rs.2,982 per gram on the 16th.
  • The rest of the week saw gold rates in Bangalore holding firm at Rs.2,982 per gram with tepid demand for the metal amid the weak trends overseas.

March 2018 - Week 4 (19 - 25):

  • The continued political turmoil in U.S. politics coupled with the imposition of trade tariffs led to a weak dollar and an increase in demand for gold.
  • Gold rate in Bengaluru was at Rs.2,977 per gram on 19 March before prices jumped to Rs.2,993 per gram on 20 March due to increased retail demand.
  • Markets in the U.S. awaited news of the Fed meeting, which led to jittery investors turning to gold as a hedge against equity assets and resulted in increased overseas demand for the metal.
  • Gold price in Bengaluru reached Rs.3,014 per gram on 22 March as apprehension over possible trade wars led to equity markets sinking.
  • Gold continued to climb for the rest of the week, trading at Rs.3,045 per gram as the week ended on 25 March.

March 2018 - Week 5 (26 - 31):

  • The last week commenced in Bangalore with gold prices holding steady at Rs.3,045 per gram on the 26th following strong trends from the previous week.
  • However, with the US-China trade war concerns being put down after negotiations between the nations, the US dollar index strengthened. This led to gold rates dropping to Rs.3,040 per kg on the 27th.
  • Prices rebounded to Rs.3,045 per kg on the 28th after the ongoing US-Russian spat led to an increase in safe-haven demand for the bullion around the world.
  • Thanks to steady demand amid the positive trend overseas gold continued trading at Rs.3,045 per gram on the 29th as well.
  • The 30th, however, saw gold rate in Bangalore plunging to Rs.3,014 per gram after the US dollar regained ground from the previous days’ losses in the international market.
  • The week concluded with gold finishing slightly higher at Rs.3,019 per gram on the 31st owing to a marginal increase in demand from local jewellers, retailers and industries.

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

Parameters Gold price (24 karat)
Gold rate on 1st February 2018 Rs.2,998 per gram
Gold rate on 28th February 2018 Rs.3,014 per gram
Highest Rate in February Rs.3,031 per gram on 19 February
Lowest Rate in February Rs.2,951 per gram on 8 January
Overall Monthly Performance Incline
Percentage Change 0.53%
Comparison for 24 K Gold Rates for Bangalore January 2018
Graph for Gold Rate (24K) in Bangalore January 2018

February 2018 - Week 1 (1st - 4th)

  • In Bangalore, gold was priced at Rs.2,998 per gram on the 1st when the week began with steady domestic demand from the previous week.
  • The 2nd witnessed gold price in Bangalore surging to Rs.3,019 per gram with demand picking up amid the positive trend overseas.
  • Demand, however, dropped with the US employment data release implying more jobs and wages during the year. This led to gold rate in Bangalore plunging to Rs.2,993 per gram on the 3rd.
  • Steady domestic demand coupled with firm trends overseas led to gold rates holding at Rs.2,993 per gram for the remainder of the week.

February 2018 - Week 2 (5th -11th)

  • Gold prices in Bangalore fluctuated quite a bit due to uneven demand from local investors.
  • When the week began, gold was priced at Rs.2,993 per gram. This rose to Rs.3,014 per gram on the 6th as demand surged after safe-haven demand increased worldwide.
  • The 7th, however, saw gold prices fall to Rs.2,979 per gram as the dollar bounced back and gold demand retreated.
  • On the 8th, gold rate in Bangalore went down further to Rs.2,951 per gram as USD continued to gain against other currencies.
  • Local demand increased and gold rate in Bangalore went up to Rs.2,962 per gram on the 9th of February.
  • For the remaining two days gold traded at Rs.2,962 per gram, thanks to steady demand from local circles.

February 2018 - Week 3 (12th - 18th)

  • Gold trade in Bangalore saw prices rising significantly with the US dollar and equities taking a hit amid the US inflation data release during the course of the week.
  • The yellow metal was priced Rs.2,972 per gram on the 12th when the week began amid the weakening US dollar.
  • Steady domestic demand amid the firm trend overseas resulted in gold rate in Bangalore holding steady at Rs.2,972 per gram on the next day.
  • With investors and stockist watching for the inflation data for clues on the intensity of the interest rate hikes, gold price in Bangalore surged to Rs.2,988 per gram on the 14th.
  • The 15th witnessed gold rates in Bangalore surging to Rs.3,017 per gram with the precious metal prices hitting one-week highs after the stronger-than-expected inflation data resulted in the dollar losing against a basket of other emerging currencies.
  • Steady demand coupled with strong trends overseas led to gold prices holding firm at Rs.3,017 per gram on the 16th.
  • A rise in demand for the metal by investors in order to hedge against the inflation resulted in the bullion prices rising further to Rs.3,026 per gram on the 17th.
  • The week concluded with the yellow metal prices trading steady at Rs.3,026 per gram amid positive trends overseas.

February 2018 - Week 4 (19th - 25th)

  • Gold opened strongly in Bangalore, trading at a price of Rs.3,031 per gram on the 19th of February.
  • As gold rates fell around the world due to a strong dollar performance, gold rate in Bangalore also took a hit. This led to gold trade at Rs.3,014 per gram on the 20th of February.
  • The next two days, however, saw gold remain at Rs.3,014 per gram, thanks to a steady local demand. This happened despite the consistent rise in dollar value.
  • On the 23rd, gold rates took a much bigger hit - falling to Rs.2,998 per gram - as markets awaited the minutes from the recently held Fed Reserve meeting.
  • Domestic demand bounced back after the minutes was released and gold rate in Bangalore surged to Rs.3,008 per gram on the 24th of February.
  • The week ended with gold still trading at Rs.3,008 per gram, thanks to steady demand from local investors.

February 2018 - Week 5 (26th - 28th)

  • The last week in Bangalore saw gold rates surging amid the weakening dollar and equity markets during the week.
  • On the 26th, the precious metal was recorded trading at Rs.3,008 per gram with the bullion recovering from its worst week in two and half months.
  • Gold price in Bengaluru surged to Rs.3,014 per gram on the 27th with the dollar losing against a basket of other major currencies ahead of Fed Chairman’s congressional speech during the week.
  • Trading concluded for the month with rates holding steady at Rs.3,014 per gram on the 28th and Bangalore recorded an incline of 0.53% in gold trade during the course of the month.

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

Parameters Gold price (24 karat)
Gold Rate on 1st January 2018 Rs.2,941 per gram
Gold Rate on 31st January 2018 Rs.2,998 per gram
Highest Rate in January Rs.2,941 per gram on 1 January
Lowest Rate in January Rs.3,020 per gram on 16 January
Overall Monthly Performance Incline
Percentage Change 1.93%
Comparison for 24 K Gold Rates for Bangalore December 2017
Graph for Gold Rate (24K) in Bangalore December 2017

January 2018 - Week 1 (1st - 7th)

  • When trading began for the new year in Bangalore, gold was priced at Rs.2,941 per gram.
  • This then rose to Rs.2,953 per gram on the 2nd of the month. According to reports, “today’s gold rate” rose because of positive cues from the global market, amidst a weak dollar.
  • The 3rd again saw gold trade at Rs.2,953 per gram, before dropping down to Rs.2,947 per gram on the 4th.
  • With the US dollar losing its standing in the index, gold rate in Bangalore pushed up to Rs.2,966 per gram on the 5th of January.
  • But, a slight decline on the 6th led to gold price in Bangalore going down to Rs.2,963 per gram.
  • When the week ended, the yellow metal was seen trading at Rs.2,963 per gram.

January 2018 - Week 2 (8th - 14th)

  • When trading commenced for the second week, gold rate in Bangalore were recorded trading at Rs.2,963 per gram on the 8th owing to a steady demand from the previous week.
  • Gold price in Bangalore surged to Rs.2,969 per gram on the 9th amid a positive trend overseas before plunging down to Rs.2,958 per gram the following day with the equities market performing well amid the strong US dollar index.
  • On the 11th, the dollar lost its ground against a basket of other emerging currencies and the precious metal was recorded trading at Rs.2,976 per gram.
  • Gold prices surged further to Rs.2,988 per gram on the 12th before stabilising at Rs.3,000 per gram- the highest in seven weeks - on the 13th amid the strong global trends.
  • Positive overseas cues coupled with increased demand for metal from industries and jewellers led to gold prices holding steady at Rs.3,000 per gram when the week ended on the 14th.

January 2018 - Week 3 (15th - 21st)

  • Gold opened on a weak note in Bengaluru when the week began. It was priced at Rs.3,000 per gram before rising significantly to trade at Rs.3,024 per gram the next day.
  • Demand to subside as the week progressed and the yellow metal was seen selling at RS.3,020 per gram on the 17th of January.
  • With the US dollar mounting a comeback against other currencies, gold rate in Bengaluru dropped to Rs.3,004 per gram on the 18th.
  • Thanks to a declining US dollar amid concerns over the government shutting down, gold prices in Bengaluru fell to Rs.3,007 per gram on the 19th of the month.
  • Once the US government shut down, gold rate inclined to Rs.3,019 per gram on the 20th of January and remained unchanged till the closing hours of the week.

January 2018 - Week 4 (22nd - 28th)

  • In Bengaluru, gold was trading at Rs.2,961 per gram when the week began.
  • Following the trends seen in most other major cities, gold rate in Bengaluru increased to Rs.2,970 per gram on the 23rd of January.
  • As demand from jewellers increased, rates went up again on the 24th for the metal to trade at Rs.2,977 per gram on the 24th.
  • The 26th recorded a Rs.31 increase in gold price in Bengaluru as local demand matched the trend in the international market, where a weakened dollar paved the way for higher gold sales.
  • However, on the 27th, gold rates dropped to Rs.3,003 per gram as purchases from domestic buyers decreased.
  • With demand remaining mostly flat, gold was last seen trading at Rs.3,003 per gram on the 28th of the month.

January 2018 - Week 5 (29th - 31st)

  • Steady domestic demand from jewellers, industries and retailers despite the uneven trends overseas led to gold rate in Bangalore remaining unaltered throughout the week.
  • Gold was priced at Rs.2,988 per gram on the 29th of January.
  • Strong global cues coupled with steady local demand resulted in gold price in Banglore remaining untouched at Rs.2,998 per gram for the rest of the week.
  • Parameters Gold price (24karat)
    June 1 Rate Rs.2,933 per gram
    June 30 Rate Rs.2,920 per gram
    Highest Rate in June Rs.2,965 per gram on 8 June
    Lowest Rate in June Rs.2,895 per gram on 20 June
    Overall Performance Decline
    Percentage Change -0.44%
    Comparison for 24 K Gold Rates for Bangalore May'17

    June 2017 - Week 1 (1st-4th):

    • Bangalore too saw gold prices gain which came after a fall on the second day of the week.
    • On the 1st of June, gold was priced at Rs.2,933 per gram - an increase of Rs.15 per gram from the previous day.
    • However, prices went down to Rs.2,915 per gram on the 2nd as there was a sharp decline in demand.
    • Gold rates gained significantly on the 3rd amid news that US-EU relationship was going through a bit of a rough patch.
    • Prices saw an increase of Rs.25 to reach Rs.2,940 per gram on the 3rd.
    • Till the end of the week on the 4th, gold prices remained at Rs.2,940 per gram.

    June 2017 - Week 2 (5th - 11th)

    • Karnataka’s capital Bangalore witnessed a similar trend to that of other states and saw prices drop initially before dropping down as the week drew to a close.
    • On the 5th of May, gold was priced at Rs.2,955 per gram, which then went up to Rs.2,960 per gram on the 6th and remained there on the 7th.
    • The 8th saw prices increase slightly to end at Rs.2,965 per gram.
    • Prices slid by Rs.25 per gram on the 9th as US dollar strengthened over other currencies.
    • Over the 10th and the 11th, gold prices remained the same at Rs.2,930 per gram as there was no demand in the domestic market.

    June 2017 - Week 3 (12th-18th)

    • Gold opened at Rs.2,925 per gram on the 12th of the month in Bangalore, which was relatively low as compared to the price noted in other cities in the country.
    • The gold rate in Bangalore increased by Rs.5 the next day to trade at Rs.2,930 per gram.
    • This rate was noted on the 14th of June as well due to stable demand.
    • There were certain issues observed due to lack of clarity with respect to GST with respect to the import of bullion by banks.
    • As the week progressed, the rate of gold continued to decline and traded at Rs.2,910 per gram on the last two days of the month.

    June 2017 - Week 4 (19 to 25)

    • The value of the yellow metal rose over the course of the fourth week in the country’s IT capital thanks to positive trends and strong demand.
    • Gold was priced at Rs.2,905 per gram on 19 June as demand from jewellers began to rise due to increased buying before the implementation of the Goods and Services Tax (GST).
    • Prices fluctuated over the next few days, with gold dropping to Rs.2,895 per gram on 20 June before recovering to trade at Rs.2,910 per gram on 22 June.
    • Gold prices jumped to Rs.2,920 per gram on 24 June as Indian markets were unstable due to uncertainty over the impact of GST on the economy, which increased demand for the safe-haven asset.
    • The price was recorded at Rs.2,920 per gram as the week ended on 25 June even though international demand for the metal was waning.

    June ’17 – Week 5 (26 to 30)

    • The price of gold in the IT capital of India was subject to some fluctuations though demand was consistent for the most part.
    • Gold traded at Rs.2,918 per gram on 26 June before falling to Rs.2,900 per gram on 27 June as international demand for the yellow metal sank due to a resurgent U.S. Dollar.
    • The continued demand from local jewellers due to the impending GST launch helped bolster prices locally, resulting in gold trading at Rs.2,960 per gram on 28 June, a rise of Rs.60 per gram in just a day.
    • Vacillating demand led to prices falling the following day as gold traded at Rs.2,920 per gram on 29 June.
    • The U.S. Dollar continued to fluctuate but had little impact on demand and prices in Bangalore.
    • The month ended with gold trading at Rs.2,920 per gram on 30 June.
    May 1st Rate Rs.2,945 per gram
    May 31st Rate Rs.2,918 per gram
    Highest Rate in May Rs.2,945 per gram on 1st May
    Lowest Rate in May Rs.2,850 per gram from 6th-8th May
    Overall Performance Decline
    Percentage Change -0.91%
    Comparison for 24 K Gold Rates for March '17

    May 2017 - Week 1 (1st-7th)

    • There were a few variations noted in the rate of gold in Bangalore during the first week of May.
    • Gold traded at Rs.2,945 per gram on the 1st of May but fell by Rs.40 the next day to trade at Rs.2,905 per gram.
    • Due to steady demand, this rate was noted the next day as well.
    • As the week progressed however, the rate of gold continued to reduce due to a fall in the demand.
    • Gold traded at Rs.2,875 per gram on the 4th and 5th of May before reducing again.
    • On the last two days of the week, gold was priced at Rs.2,850 per gram due to low demand for this metal.

    May 2017 – Week 2 (8th -14th)

    • Gold was priced at Rs.2,850 per gram on 8th May in Bangalore, with the prices rising to Rs.2,855 per gram on 9th May due to a slight increase in local demand.
    • Prices began to dip as the week progressed due to a decline in demand for the metal as markets performed well, with the U.S. Dollar also rising on strong trading.
    • A drop in industrial demand also affected the price of gold, which fell to Rs.2,840 per gram on 11th May amidst a lowering of local demand.
    • Gold rate in Bangalore were stable as gold ended the week at Rs.2,840 per gram on 14th May, recording a drop in price of Rs.10 during the week.

    May 2017 - Week 3 (15th - 21st)

    • In Bangalore, gold price remained the same over the first three days of week 3, before surging by a significant margin in the later half.
    • On 15th, gold in Bangalore was trading at Rs.2,845 per gram and as demand remained largely stable, rates didn’t change till the 17th.
    • However, as US markets fell after its President Donald Trump trying to impose control on a federal investigation, rates went up by Rs.60 to Rs.2,905 per gram.
    • This increase was the highest single-day rise to be seen since Great Britain chose to exit the European Union back in June of last year.
    • As the surge was only a temporary trend, gold rates went down to Rs.2,900 per gram on the 19th.
    • Due to demand picking up on the 20th, gold rates went up to Rs.2,908 per gram and remained there till the end of the week on the 21st.

    May 2017 – Week 4 (22nd - 28th)

    • Gold was priced at Rs.2,905 per gram in the city of Bangalore due to slightly low demand for this yellow metal from domestic markets.
    • There were a number of variations noted in the rate of gold during the fourth week of May.
    • The rate of gold increased to trade at Rs.2,930 per gram on the 23rd of May before falling on the 24th to Rs.2,915 per gram. However, the Manchester blasts is thought to have had no impact on the price of gold.
    • Gold continued to trade at Rs.2,915 per gram from the 24th of May until the 26th of May due to low but sustained demand.
    • On the last two days of the week, gold was priced at Rs.2,930 per gram.

    May ’17 – Week 5 (29th to 31st)

    • Gold traded at Rs.2,930 per gram on 29th May, reflecting trends seen across the country as gold prices fell due to a paucity of demand.
    • A strong U.S. Dollar and stable markets also led to reduced demand for the precious metal.
    • Prices rose to Rs.2,938 per gram on 30th May due to an increase in local demand but prices fell to Rs.2,918 per gram on 31st May.
    • Gold prices declined by 0.91% over the course of the month due to declining demand by jewellers and unfavourable market conditions.

    April 2017 - Week 1 (1st-9th)

    • The price of gold in Bangalore fluctuated due to dips in demand, though the overall trend reflected a marginal increase in the rate.
    • Gold traded at Rs.2,910 per gram on the 1st of April as the markets were stable. This rate continued on until the 3rd of April.
    • Gold rate in Bangalore was Rs.2,930 per gram on the 4th of April and then increased marginally to Rs.2,935 per gram on 5th of April as there was a rise in the industrial demand.
    • Rate of gold fell to Rs.2,935 per gram on the 5th of April as well owing to a fall in the demand for this precious metal.
    • As the week progressed, the rate of gold continued to decline to trade at Rs.2,915 per gram on the last two days of the week as a result of reduced demand.

    April 2017 - Week 2 (10th-16th)

    • Bengaluru, like most other cities in the country, saw gold prices increase over the course of the week.
    • In fact, Bangalore saw the highest per-day increase than any other city in India.
    • On 10th, gold was trading at Rs.2,905 per gram and went up as demand went up to Rs.2,915 per on 11th.
    • The 12th saw gold price in Bangalore jump by Rs.45 per gram to reach Rs.2,960 per gram and increased again on the 13th to Rs.2,965 per gram.
    • As demand saw no signs of slowing down, gold prices went up to Rs.2,980 per gram on 14th - to mark an increase of Rs.15 from the previous day.
    • On 15th, gold rates in Bangalore went up again to Rs.2,990 per gram and remained unchanged till the end of the week.

    April 2017 - Week 3 (17th-23rd)

    • On the 13th of April in Bangalore, gold traded at Rs.2,985 per gram which was relatively low as compared to other cities in the country at the same time.
    • Due to a fall in demand for this metal, the price of gold in Bangalore reduced by Rs.10 the next day to trade at Rs.2,975 per gram.
    • Gold rate recovered the next day to trade at Rs.2,985 per gram and plunged for the second time on the 20th to trade at Rs.2,975 per gram again. This fluctuation of demand was also due to geopolitical tension in Syria and North Korea resulting in investors flocking to safe haven assets.
    • The gold rate in Bangalore fell even further on the 21st to trade at Rs.2,970 per gram.
    • However, a marginal recovery was noted during the last two days of the week, wherein this metal traded at Rs.2,990 per gram.
    March 1st Rate Rs.3,005 per gram
    March 31st Rate Rs.2,900 per gram
    Highest Rate in March Rs.3,005 per gram on 1st March
    Lowest Rate in March Rs.2,855 per gram on 15th March
    Overall Performance Decline
    Percentage Change -3.49%
    Comparison for 24 K Gold Rates for Bangalore February '17

    March 2017 - Week 1 (1st - 4th):

    • Silicon city Bangalore saw some fluctuations with regard to gold rates during the first week of March.
    • The week started with gold trading at Rs.3,005 per gram but dropped to Rs.2,990 per gram - a decrease of Rs.15 per gram.
    • On 3rd, prices went down by Rs.25 per gram to hit Rs.2,965 per gram as US dollar strengthened after a brief period of slow growth.
    • On the last day of the week, prices stabilised to reach Rs.2,970 per gram.

    March 2017 - Week 2 (5th - 11th):

    • In Silicon Valley of India - Bangalore, gold rates fluctuated quite a lot over the second week of March.
    • The week began with gold trading at Rs.2,970 per gram but went down to Rs.2,930 per gram by the 8th.
    • From the 9th to the 11th, gold prices went down by a further Rs.30 as demand decreased.
    • Gold prices in Bangalore ended at Rs.2,900 per gram when week 2 of March ended.

    March 2017 - Week 3 (12th-18th):

    • The price of gold in Bangalore fluctuated due to dips in demand, though the overall trend reflected a marginal decline in the price.
    • Gold was priced at Rs.2,900 per gram on 13th March as the markets were stable and there were minor variations in the rate of gold.
    • Gold traded at Rs.2,880 per gram on 14th March and then fell to Rs.2,855 per gram on 15th March as there was a setback in the industrial demand.
    • Rate of gold increased to Rs.2,885 per gram on the 16th of March as well owing to higher demand for this precious metal.
    • The rate of gold continued to rise, trading at Rs.2,890 per gram on 17th March.
    • This rate was steady until the end of the week due to steady demand for gold. The week ended with a price difference of Rs.10 in the rate of gold.

    March 2017 - Week 4 (19th-25th):

    • Except two small changes at the beginning of the week, gold price trends remained largely unhindered during the fourth week of March.
    • On 20th, gold was trading at Rs.2,900 per gram but fell to Rs.2,885 per gram on 21st as domestic demand took a hit.
    • The fall was short lived as prices bounced back by Rs.35 per gram to trade at Rs.2,920 per gram on 22nd.
    • Over the next four days, gold rates remained unchanged as demand sustained well against a strengthening dollar.
    • The week ended with gold trading at Rs.2,920 per gram.

    March 2017- Week 5 (26th-31st):

    • Startup city, Bangalore, saw gold prices rise at the beginning of the week but fall towards the end.
    • On 27th, gold in Bangalore was priced at Rs.2,920 per gram and increased to Rs.2,925 per gram on 28th as demand went up.
    • The 29th saw gold prices remain unchanged but decreased on 30th to trade at Rs.2,915 per gram.
    • Rates went down again at the end of the week on 31st to trade at Rs.2,900 per gram - a decrease of Rs.15 from the previous day’s prices.
    February 1st Rate Rs.2,945 per gram
    February 28th Rate Rs.3,005 per gram
    Highest Rate in February Rs.3,005 per gram on 27th & 28th February
    Lowest Rate in February Rs.2,945 per gram from 1st-5th February
    Overall Performance Incline
    Percentage Change +2.03%
    Comparison for 24 K Gold Rates for Bangalore January '17

    February 2017 - Week 1 (1st-4th):

    • Silicon city Bangalore saw no fluctuation at all during the first week.
    • When the week began gold was seen trading at Rs.2,945 per gram, which didn’t change for the rest of the week as domestic markets held steady.
    • The week ended with gold still trading at Rs.2,945 per gram.

    February 2017 - Week 2 (5th-11th)

    • Gold prices increased over the second week in Bangalore, with demand rising sharply towards the middle of the week.
    • Gold was priced at Rs.2,945 per gram on 5th February in the country’s IT capital, as brisk demand kept prices table.
    • The price rose to Rs.2,980 per gram on 7th February as industrial demand rose on a declining U.S. Dollar.
    • Sluggish markets led to the price rising by Rs.5 per gram to trade at Rs.2,985 per gram on 9th February.
    • A dip in demand led to prices falling as the week ended, with gold trading at Rs.2,970 per gram on 11th February, recording an increase of Rs.25 per gram.

    February 2017 - Week 3 (12th-18th)

    • The price of gold in Bangalore fluctuated due to dips in demand, though the overall trend reflected an increase in the price.
    • Gold was priced at Rs.2,970 per gram on 12th February as the markets were stable and prices did not change from the previous week.
    • Gold traded at Rs.2,960 per gram on 13th February and then fell to Rs.2,955 per gram on 14th February as industrial demand suffered a setback.
    • Gold prices fell further to Rs.2,948 per gram on 15th February as demand continued to fall.
    • Prices recovered the following day, trading at Rs.2,970 per gram on 16th February, and rising to Rs.2,980 per gram on 17th February.
    • The week ended with gold trading at Rs.2,980 per gram on 18th February to register a weekly increase of Rs.10 per gram.

    February 2017 - Weeks 4 & 5 (19th-28th)

    • Gold prices in Bangalore were constant for most of the week, with a few fluctuations recorded.
    • Gold was priced at Rs.2,980 per gram on 19th February and fell to Rs.2,970 per gram on 20th February due to a dip in domestic demand.
    • Prices were constant till 22nd February, with the price rising to Rs.2,975 per gram on 23rd February.
    • Gold reached Rs.2,995 per gram on 24th February as markets fell, with the price remaining constant till 26th February.
    • Gold reached a monthly high of Rs.3,005 per gram on 27th February as gold futures traded high on the exchanges on a sliding U.S. Dollar.
    • Gold traded at Rs.3,005 per gram on 28th February, registering a weekly increase of Rs.25 per gram and 2.03% increase in its price over the month.
    January 1st Rate Rs.2,820 per gram
    January 31st Rate Rs.2,930 per gram
    Highest Rate in January Rs.2,970 per gram on 23rd & 24th January
    Lowest Rate in January Rs.2,820 per gram on 1st & 2nd January
    Overall Performance Incline
    Percentage Change +3.90%
    Comparison for 24 K Gold Rates for Bangalore December '16

    January 2017 - Week 1 (1st to 7th)

    • Bangalore was another city that witnessed a positive growth in gold prices during the first week.
    • Thanks to relatively better cash flow compared to the last two months, gold prices surged for most of the week.
    • On 1st, gold prices for 24 karat gold stood at Rs.2,820 per gram before continuing at the same rate till the end of 2nd as well.
    • The 3rd saw prices increase by Rs.5 for gold to trade at Rs.2,825 per gram.
    • When the business day began on the 4th, prices had again increased, this time by Rs.15, for gold to exchange at Rs.2,840 per gram.
    • The 5th saw prices peak yet again for gold to trade at Rs.2,850 per gram, a trend which continued on till the end of the 6th.
    • At the time of closing on the 7th, gold prices were up a little more as the metal traded at Rs.2,870 per gram.

    January 2017 - Week 2 (8th to 15th)

    • Gold prices saw increases as the week progressed in Bangalore, though growth was a bit sluggish.
    • Gold was priced at Rs.2,870 per gram on 8th January, with the price remaining constant for the next day.
    • Higher demand from the retail sector led to a marginal increase in price, as gold traded at Rs.2,890 per gram on 10th January.
    • Prices rose as Indian stock markets reflected the downward trend seen overseas, resulting in higher demand for bullion.
    • Gold traded at Rs.2,920 per gram on 12th January, an increase of Rs.30 per gram in a single day as demand peaked.
    • The price staying constant for the rest of the week as demand was steady, thanks to sustained demand from the industrial sector.
    • Prices rose by Rs.50 per gram over the week to close at Rs.2,920 per gram on 15th January.

    January 2017 - Week 3 (15th to 21st):

    • Garden city Bangalore too was subject to heavy fluctuations with regards to gold pricing for much of week 3.
    • The week began on the 15th with gold trading at Rs.2,920 per gram which later went up to Rs.2,945 per gram - a solid increase of Rs.25 per gram.
    • On 16th, prices again climbed up by Rs.10 for the yellow metal to trade at Rs.2,965 per gram.
    • Demand for gold increased during this week as Donald Trump’s presidential swearing in ceremony was nearing, causing the market to react hastily.
    • The 19th, however, prices fall by Rs.15 to hit Rs.2,950 per gram as demands fell suddenly.
    • On 20th, prices increased slightly to hit Rs.2,952 per gram and further increased to Rs.2,960 per gram at the end of the week on the 21st.

    January 2017- Weeks 4 & 5 (22nd to 31st)

    • The price of gold in the country’s IT hub saw a gradual increase as the week began, but prices fell towards the end of the week.
    • Gold was priced at Rs.2,960 per gram on 22nd January, with prices rising to Rs.2,970 per gram on 23rd January as fears over new government policies under Donald Trump led to markets falling.
    • Prices continued to dip as the week went on due to reducing demand from Asia on account of the upcoming Lunar New Year, as prices fell to Rs.2,015 per gram on 27th January.
    • Domestic demand was also muted, resulting in gold trading at Rs.2,930 per gram on 31st January.
    December 1st Rate Rs.2,905 per gram
    December 31st Rate Rs.2,820 per gram
    Highest Rate in December Rs.2,905 per gram on 1st December
    Lowest Rate in December Rs.2,765 per gram on 16th, 22nd and 23rd December
    Overall Performance Decline
    Percentage Change -1.83%
    Comparison for 24 K Gold Rates for Bangalore Novemeber '16

    December 2016 - Week 1 (1st to 4th)

    • Gold traded at Rs.2,905 at the beginning of the week on December 1st.
    • Prices at Silicon Valley of India seemed to be highest around the country for the week.
    • The prices though went down by a slightly higher margin to Rs.2890 on 2nd December.
    • Rates again increased to Rs.2900 for the 3rd and 4th day of the week.
    • The surge in pricing was due to an increase in gold purchase because of the wedding season.

    December 2016 - Week 2 (5th-11th)

    • In Silicon City, Bangalore, gold prices saw a gradual decrease for the entire week albeit with tiny spikes here in one and two instances.
    • At the beginning of the week on December 5th, gold traded at Rs.2,885 per gram.
    • The second day of the week, on December 6th, prices went down by Rs.10 as gold traded at Rs.2,775 per gram.
    • December 7th saw a slightly heavy decrease of Rs.25 as gold began selling at Rs.2,750 per gram till the time of closing.
    • It was a relief for gold stores as prices went up by Rs.10 to sell at Rs.2,760 per gram on December 8th.
    • December 9th saw the downward trend return as gold prices crashed to Rs.2,740 per gram.
    • On December 10th prices went down further to Rs.2,725 per gram and remained there till the closing hours of the week on December 11th.

    December 2016 - Week 3 (12th to 18th)

    • Gold traded at Rs.2,825 per gram when the week began on December 12th and continued at the same rate till the 14th.
    • On 15th prices went down by Rs.40, as the metal traded at Rs.2,785 per gram.
    • Prices further fell to Rs.2,765 per gram on the 16th as demand began to plummet
    • The 17th saw demand increase as gold began trading at Rs.2,775 per gram till the end of the week on the 18th.

    December 2016 - Week 4 (19th to 25th)

    • Silicon city Bangalore saw minor fluctuations over the fourth week of December.
    • The week began on 19th as gold traded at Rs.2,780 per gram and saw it reduce to Rs.2,775 per gram on the 20th.
    • On the 21st, prices again increased to Rs.2,780 per gram and this time it decreased to Rs.2,765 per gram on the 22nd.
    • Prices remained the same as on the 22nd on the 23rd too and hit Rs.2,770 per gram on the 24th.
    • At the end of the week on the 25th, gold prices maintained at Rs.2,770 per gram.

    December 2016 - Week 5 (26th to 31st)

    • Gold rates in Bangalore, the country’s IT hub, were stable for most of the week due to lowered demand as a consequence of a paucity of cash.
    • Gold traded at Rs.2,800 per gram on 26th December, with the price staying constant till 28th December on muted demand from the retail sector.
    • Prices rose marginally on 29th December, with gold trading at Rs.2,833 per gram, as the deadline to deposit demonetised notes approached.
    • Gold was priced at Rs.2,844 per gram on 31st December, a minor increase from the price at the start of the week.
    1st November rate Rs.3,060 per gram
    30th November rate Rs.2,935 per gram
    Highest rate in November Rs.3,180 per gram on 9th November
    Lowest rate in November Rs.2,905 per gram on 25th November
    Overall performance Decline
    % Change -5.09%
    Comparison for 24 K Gold Rates for Bangalore October '16

    November '16 - Week 1 (1st to 6th)

    • Gold prices climbed this week owing to positive global trends coupled with high demand in the domestic market.
    • Gold purchases in the domestic market have been high on account of the festive season and upcoming wedding season.
    • Gold traded at Rs.3,060 per gram on 1st November and climbed to Rs.3,120 per gram.
    • The U.S. Federal Reserve’s signals indicated that the rate hike would take place by the end of the year in light of the economy gaining momentum and inflation picking up. Prices of gold are predicted to fall.

    November '16 - Week 2 (7th to 13th)

    • Gold traded at Rs.3,090 per gram on 7th November.
    • There was a sudden spike in gold prices as demand shot up momentarily after PM Modi announced that Rs.500 and Rs.1,000 notes would not be legal tender anymore.
    • The highest price for this week was Rs.3,180 per gram on 9th November.
    • In the global market, though the dollar gained strength, the outcome of the U.S. elections took a toll on investors.
    • Demand for gold dropped and prices declined to Rs.3,040 per gram by the end of the week.

    November '16 - Week 3 (14th to 20th)

    • Gold traded at Rs.3,025 per gram on 14th November.
    • Prices were on a steady decline this week as buyers retreated after PM Modi announced his strike on black money.
    • On 19th and 20th October, gold was seen trading at Rs.2,965 per gram, which was a drastic decline in prices.
    • Towards the end of the week, prices seemed to stabilize as gold purchases for the wedding season was unavoidable for most people.
    • In the global market, uncertainty over Trump’s economic policies and a weak dollar worked in favour for gold.

    November '16 - Week 4 and 5 (21st to 30th)

    • Demand for gold was slump in the domestic market on account of demonetisation of Rs.500 and Rs.1,000 notes.
    • The gold business fell by 75% as people faced a cash crunch in the nation.
    • Gold traded at Rs.2,970 per gram on 21st November and fell to Rs.2,935 per gram by the end of the month.
    • The dollar climbed this week which led to a fall in demand for the yellow metal.
    • Backed by strong U.S. economic data, the U.S. Federal Reserve was confident about an interest rate hike in December.
    • Demand for gold is expected to stay low for the next couple of weeks.
    1st October rate Rs.3,160 per gram
    31st October rate Rs.3,060 per gram
    Highest rate in October Rs.3,169 per gram on 1st to 3rd October
    Lowest rate in October Rs.3,016 per gram on 17th October
    Overall performance Decline
    % Change -3.16%
    Comparison for 24 K Gold Rates for Bangalore September'16

    October '16 - Week 1 (1st to 7th)

    • The dollar grew strong on the back of an improving U.S. economy.
    • Gold prices plunged as trends in the global and domestic market were gloomy.
    • Gold traded at Rs.3,160 per gram on 1st October.
    • By the end of the week, festive demand was not as good as expected and gold rates had dropped to Rs.3,020 per gram.

    October '16 - Week 2 (8th to 14th)

    • Festive demand picked up this week from jewellers and retailers.
    • As gold prices dropped last week, customers found encouragement to start their festive shopping early.
    • Gold traded at Rs.3,020 at the start of the week and climbed to Rs.3,030 per gram on 10th October.
    • Gold prices remained constant till 13th October on account of steady demand and a bullish global market.
    • On 14th October, gold prices fell to Rs.3,025 per gram as weak trends took over the market overseas.

    October '16 - Week 3 (15th to 21st)

    • Gold prices fluctuated this week in Bangalore.
    • Gold traded at Rs.3,020 per gram at the start of this week.
    • Prices dropped initially but quickly recovered.
    • Positive trends in the global market played in favor of the yellow metal.
    • Demand for gold was triggered by the wedding season leading to a rise in prices to Rs.3,045 per gram towards the end of the week.

    October '16 - Week 4 (22nd to 28th) & Week 5 (29th to 31st)

    • Gold traded at Rs.3,035 per gram on 22nd and 23rd October.
    • Prices climbed for one day to Rs.3,045 per gram before falling back to Rs.3,035 per gram on 25th October.
    • Stable prices were a result of steady demand in the domestic market on account of the festive season.
    • In the global market, the dollar pushing buyers to exchange-traded funds backed by gold.
    • In the last week of October, gold prices climbed to Rs.3,070 per gram, the highest price seen for these two weeks.
    • The week closed with gold trading at Rs.3,060 per gram.
    • Gold prices are expected to remain high as the wedding season approaches.
    1st September rate Rs.3,125 per gram
    30th September rate Rs.3,160 per gram
    Highest rate in September Rs.3,190 per gram on 25th to 29th September
    Lowest rate in September Rs.3,115 per gram on 2nd September
    Overall performance Increase
    % Change 1.12%
    Comparison for 24 K Gold Rates for Bangalore August'16

    September '16 - Week 1 and 2 (1st to 10th)

    • Gold traded at Rs.3,125 per gram on 1st September.
    • Prices climbed through the week as investors flocked to the safe haven investment as the U.S. economic data was damp.
    • Prices fluctuated as the U.S. Federal Reserve stated that a rate hike is likely in the near future though there has not been substantial support.

    September '16 - Week 3 (11th to 17th)

    • Gold prices in Bangalore remained stable this week as the demand from consumers, jewellers and retailers provided some support amidst a volatile global market.
    • Gold traded at Rs.3,180 per gram from 11th September to 15th September.
    • With the prospects of a Fed rate hike becoming stronger in the month of September, gold prices slid to Rs.3,155 per gram on 16th September.

    September '16 - Week 4 (18th to 24th)

    • Gold prices in Bangalore stayed constant through the week at Rs.3,155 per gram.
    • On 20th September, there was a rise to Rs.3,165 per gram but rates fell back again to Rs.3,155 per gram the next day.
    • The stable prices this week can be attributed to steady demand in the domestic market coupled with bullish trends overseas.

    September '16 - Week 5 (25th to 30th)

    • Gold traded at Rs.3,190 per gram through the fifth week of September.
    • Gold took a hit this week owing to bearish tendencies in the global market as the dollar gained on the back of the U.S. presidential elections.
    • Demand in the domestic market was mute as jewellers and stockists took a back seat.
    • Gold dropped to an all-week low on 30th September, trading at Rs.3,160 per gram.
    1st July rate Rs.3,190 per gram
    31st July rate Rs.3,140 per gram
    Highest rate in July Rs.3,205 per gram on 18th August
    Lowest rate in July Rs.3,160 per gram on 9th August
    Overall performance Decline
    % Change -1.57%
    Comparison for 24 K Gold Rates for Bangalore July'16

    August '16 - Week 1 (1st to 7th)

    • The price of gold was stable as the week began and rose mid-week as markets continued to trade low.
    • Gold traded at Rs.3,190 per gram on the 1st of August and at Rs.3,196 per gram on the 7th of August.
    • The price rose mid-week but fell marginally as the U.S. market recovered, pushing Dollar prices higher.
    • Domestic demand fell as the market reflected overseas trends.

    August '16 - Week 2 (8th-14th)

    • Gold rates fluctuated in Bangalore during Week 2.
    • Gold traded at Rs.3,165 per gram on 8th August and dropped owing to trends in the global market.
    • Domestic demand gave gold a boost to Rs.3,195 per gram on 10th August which was the highest rate for the week.
    • Gold slipped slightly and traded at Rs.3,175 per gram at the end of the week.

    August '16 - Week 3 (15th-21st)

    • Gold traded at Rs.3,175 per gram on 15th August.
    • Prices were seen climbing through the week as steady demand from retail jewellers and stockists poured in on account of the festive season.
    • Prices dropped slightly at the end of the week as U.S. policymakers were confident that a Fed rate hike was possible this year.
    • The trend for the week was an incline with gold trading at Rs.3,200 per gram by 19th August.

    August '16 - Week 4 (22nd-28th)

    • Gold prices plunged this week as the U.S. Federal Reserve signalled for an interest rate hike.
    • An increase in demand in the domestic market due to the festive season provided some support to gold prices.
    • Gold traded at Rs.3,180 per gram on 22nd August and fell to Rs.3,160 per gram towards the end of the week.

    August '16 - Week 5 (29th-31st)

    • Gold rates continued to drop as anticipation of a U.S. Federal Reserve interest rate hike grew stronger.
    • Gold traded at Rs.3,160 per gram at the beginning of the week.
    • It fell to Rs.3,140 per gram as the dollar gained in the global market and demand from the domestic market seemed muted.
    1st July rate Rs. 3,130 per gram
    31st July rate Rs. 3,170 per gram
    Highest rate in July Rs. 3,205 per gram on July 7
    Lowest rate in July Rs. 3,120 per gram on July 21
    Overall performance Rising
    % Change +2.72%
     Comparison for 24 K Gold Rates for Bangalore Jun'16

    July'16 - Week 1 and 2 (1st to 10th)

    • Gold rates in Bangalore fluctuated through the first week but stabilized by July 8th.
    • Gold traded at Rs.3,130 on July 1st.
    • Through the week, as there were changes in global markets, prices were unsteady.
    • Rates increased to Rs.3,205 on July 7th, the highest for the week.
    • Owing to a stronger dollar, prices then dropped to Rs.3,180 but stable domestic demand kept prices constant for the rest of the week.

    July'16 - Week 3 (11th to 17th)

    • Gold prices fluctuated towards the middle of the week but prices rose as the week ended.
    • Prices were recorded at Rs.3,170 per gram on the first day of the week and Rs.3,170 per gram on the last day of the week.
    • Prices fluctuated during the week, but steady demand led to prices stabilising at the same rate as the start of the week.

    July '16 - Week 4 (18th to 24th)

    • Gold rates fluctuated through the week in Bangalore due to the trends and uncertainty in the global markets.
    • Gold traded at Rs.3,165 per gram on 18th July, after which the rates dropped on the back of a stronger dollar.
    • A slight increase was recorded on 22nd July with gold trading at Rs.3,150 per gram.
    • Rates stayed steady till the end of the week owing to stable demand.

    July‘16 - Week 5 (25th to 31st)

    • Gold rates were recorded at Rs.3,150 on the 25th of May, following which they declined by Rs.5 for two consecutive days.
    • An increase of Rs.30 on the 28th pushed prices up to Rs.3,170 from Rs.3,140.
    • Prices remained stable at Rs.3,170 until the end of the month thanks to stronger international as well as domestic cues.
    1st June rate Rs.2,915
    30th June rate Rs.3,130
    Highest rate in June Rs.3,200 on 24th of June
    Lowest rate in June Rs.2,915 on 1st of June
    Overall performance Rise
    % Change +9.78
    Comparison for 24 K Gold Rates for Bangalore May'16

    Jun'16 - Week 1 (1st to 5th)

    • Gold rates have been climbing back up as the expectations of a U.S. Federal Reserve interest rate hike are slowly dying down.
    • Gold traded at Rs. 2,915 on the 1st of June.
    • The week showed a trend of inclination with one small dip on June 4th when prices dropped to Rs. 2,910.
    • With the U.S. dollar easing up due to low employment gains, gold rates managed to jump back up on 5th June trading at Rs. 2,960.

    Jun'16 - Week 2 (6th to 12th)

    • Gold opened the week at Rs. 2,965 per gram on 6th of June and there was no change in the price on the 7th of June.
    • Gold price shot up by Rs.30 on the 9th of June.
    • The price continued to climb further and ended the week at Rs. 3,035 on the 12th of June.

    Jun'16 - Week 3 (13th to 19th)

    • Gold traded at Rs. 3,035 per gram on the 13th of June.
    • Gold prices shot up to Rs. 3,065 per gram on the 15th of June.
    • Gold price hit its highest for the week on the 17th of June at Rs. 3,125 per gram before falling down to Rs. 3,085 per gram on the 19th of June.

    Jun'16 - Week 4 (20th to 26th)

    • Gold rates have seen an increase as the expectations of a U.S. Federal Reserve interest rate hike is slowly dying down.
    • As the month progressed, save for a few fluctuations, a rate in the price of gold was witnessed.
    • In the week of June between the 20th to the 26th, the highest rate was seen on the 24th wherein the price of gold was Rs. 3,200 per gram.
    • The lowest at which gold traded for the week was on the 23rd of May at Rs. 3,040.

    Jun'16 - Week 5 (27th to 30th)

    • Gold rates remained stable during the week with slight changes in trading.
    • Prices were recorded at Rs.3,175 on the 27th of June and Rs.3,130 on the 30th of June.
    • Global and domestic cues were stable during the week and the fall in prices during the last week of the month was just Rs.45.
    1st May rate Rs. 3,070 per gram
    31st May rate Rs. 2,895 per gram
    Highest rate in May Rs. 3,080 per gram on May 7
    Lowest rate in May Rs. 2,895 per gram on May 31
    Overall performance Decline
    % Change -5.70%
    Graph for Gold Rate in Bangalore for April 2016

    May'16 - Week 1 (1st to 7th)

    • Gold rates remained stable during the week with slight changes in trading.
    • Prices were recorded at Rs.3,070 on the 1st of May and Rs.3,080 on the 7th of May.
    • Prices did vary during the week, but not by much as global and domestic cues were stable and resulted in a constant range for prices.

    May ‘16 - Week 2 (8th to 14th)

    • Gold rates remained stable during the week with slight changes in trading.
    • Prices were recorded at Rs.3,080 on the 8th of May and Rs.3,045 on the 14th of May.
    • Prices did vary during the week, falling consistently every two days before picking up towards the end of the week owing to strengthening of global and domestic cues amidst increase in industrial demand.

    May ‘16 - Week 3 (15th to 21st)

    • Gold rates increased marginally in comparison with last week and remained stable during the week with slight changes in trading on certain days.
    • Prices were recorded at Rs.3,053 on the 15th of May and Rs.3,015 on the 21st of May.
    • Prices did vary during the week, with marginal losses recorded on the third, fifth and sixth day of trading.

    May ‘16 - Week 4 (22nd to 28th)

    • Week 4 witnessed a slight decline in gold rates.
    • Gold prices were recorded at Rs. 3,015 on the 22nd of May and Rs. 2,925 on the 28th of May.
    • Through the week, gold rates varied. The rates remained consistent for one or two days before falling again. This decline can be attributed to the release of the Fed minutes and in anticipation of a rate hike.

    May ‘16 - Week 5 (29th to 31st)

    • Gold rates remained stable during the week with slight changes in trading.
    • However, towards the end of the month, price of gold slightly reduced.
    • This reduction in prices could be attributed to the anticipation of U.S Fed hiking interest rates.
    • On the last day of the month, gold traded at Rs. 2,895 per gram which was also the lowest for the month.

    1st March rate

    Rs 2,975

    31st March rate

    Rs 2,900

    Highest rate in March

    Rs 2,975 on 1st, 3rd, 4th, 5th and 6th

    Lowest rate in March

    Rs 2,870 on 28th

    Overall performance

    Loss/Negative

    % Change

    -2.52%

    Comparison for 24 K Gold Rates for Bangalore Feb'16

    Mar'16 - Week 1 (1st to 6th)

    • Gold markets remained suspended in the first week of March as traders and jewellers went on an indefinite strike against the budgetary announcement that an additional 1% excise duty will be levied on jewelleries.
    • Prices were constant at Rs.2,975 as per closing rates of last week.

    Mar'16 - Week 2 (7th to 13th)

    • Markets were mostly closed in the second week also as agitations against excise duty and PAN disclosures continued in the city.
    • Prices were constant at Rs.2,968 till 11th before fluctuating to Rs.2,926 for the rest of the week.

    Mar ‘16 - Week 3 (14th to 20th)

    • There was little change in rates as trading remained suspended for the third week in most parts of the state.
    • Prices were Rs.2,926 till 14th and Rs.2,908 on 20th.

    Mar ‘16 - Week 4 (21st to 27th)

    • Gold markets were down in the fourth week.
    • Prices were Rs.2,935 on 21st and Rs.2,910 on 27th.
    • Gold dropped to Rs.2,874 by 24th before gaining some of the lost value by 27th to close at Rs.2,910.

    Mar ‘16 - Week 5 (28th to 31st)

    • Gold rates in the city fell on account of low demand, combined with an agitation by jewellers.
    • Gold price varied between Rs 2,870 and Rs 2,900 in the week, with prices steadily increasing on a daily basis.

    1st February rate

    Rs.2,718

    29th February rate

    Rs.2,960

    Highest rate in February

    Rs.2,975 on 12th and 26th

    Lowest rate in February

    Rs.2,718 on 1st

    Overall performance

    Gain/Positive

    % Change

    +8.90%

    Comparison for Gold Rate 24 K for Banglore

    Feb'16 - Week 1 (1st to 7th)

    • Gold prices continued their positive movement coming into February, posting an overall gain of Rs.97 in the first month.
    • Rates were Rs.2,718 on 1st and Rs.2,815 on 7th.
    • Gold prices rose on consecutive days all through the week on the back of increased buying on the domestic front by jewellers to meet the wedding season demand.
    • Gold also breached the 2,800-level for the first time this year, touching a 9-month high of Rs.2,815 on 6th and 7th.

    Feb '16 - Week 2 (8th to 14th)

    • Gold prices were up again in the 2nd week.
    • Rates were Rs.2,805 on 8th and Rs.2,965 on 14th.
    • Gold rose to above Rs.2,900 levels in the week, touching a 19 month high of Rs.2,975.
    • Prices appreciated on the back of strong global cues, a weaker rupee and ongoing demand from retailers and jewellers for the wedding season.
    • Gold prices dipped on 11th to Rs.2,839 from Rs.2,880, before rising by Rs.136 on 12th to touch Rs.2,975.
    • Gold settled at a slightly lower Rs.2,965 by 14th.

    Feb '16 - Week 3 (15th to 21st)

    • Gold appreciated in the third week, continuing its gaining streak in February and strong global cues and stable domestic demand kept rates at healthy levels.
    • Rates were Rs.2,920 on 15th and Rs.2,960 on 21st.
    • Gold fell below 2,900-mark on 15th as it dropped by Rs.45 to Rs.2,875 before recovering from the loss on the next day to settle once again at Rs.2,920.
    • Prices dipped marginally to Rs.2,905 on 18th before rallying by Rs.50 on 19th and Rs.5 on 20th to settle at Rs.2,960 for the rest of the week.

    Feb '16 - Week 4 (22nd to 29th)

    • Gold rates appreciated again toward the end of February as global cues firmed up while domestic demand stayed weak.
    • Rates were Rs.2,925 on 22nd and Rs.2,960 on 29th.
    • Gold started the week positively, rising on consecutive days from 23rd to 26th and touched a high of Rs.2,975 by 26th.
    • Prices dipped by Rs.30 on 27th as domestic demand weakened and stayed at Rs.2,945 on 28th also.
    • Gold recouped some of the losses on 29th by rising to Rs.2,960, a gain of Rs.15.
    4th January rate Rs.2,545
    31st January rate Rs.2,710
    Highest rate in January Rs.2,725 on 29th
    Lowest rate in January Rs.2,545 on 4th
    Overall performance Gain/Positive
    % Change +6.48%

    Jan'16 - Week 1 (4th to 10th)

    • Gold gained value in the first trading week of the year.
    • Rates were Rs.2,545 on 4th and Rs.2,633 on 10th.
    • Gold had all positive sessions this week on the back of global cues.
    • Prices appreciated by Rs.12, Rs.29, Rs.26, Rs.19 and Rs.2 to settle at Rs.2,631 by 9th.
    • Prices were stable on 10th on account of the weekend.

    Jan '16 - Week 2 (11th to 17th)

    • Gold prices depreciated in the 2nd week.
    • Rates were Rs.2,638 on 11th and Rs.2,605 on 17th.
    • Prices appreciated marginally to Rs.2,642 on 12th before settling back to Rs.2,638 on 13th.
    • Prices dropped to Rs.2,605 on 14th as domestic demand remained sluggish and global cues affected a downward movement of rates.
    • Prices were stable for the rest of the week at Rs.2,605.

    Jan '16 - Week 3 (18th to 24th)

    • Gold prices appreciated during the 3rd week as global cues firmed up and jewellers increased buying to meet the wedding season demand.
    • Rates were Rs.2,657 on 18th and Rs.2,660 on 24th.
    • Gold fell marginally to Rs.2,648 on 19th before rallying over the next three days to settle at Rs.2,670 by 22nd.
    • Rates dropped marginally to Rs.2,666 on 23rd and 24th to end the week at Rs.2,660.

    Jan '16 - Week 4 (24th to 31st)

    • Gold prices were up in the 4th week.
    • Rates were Rs.2,670 on 25th and Rs.2,710 on 31st.
    • Gold had positive sessions throughout the week as domestic demand and a weakening dollar helped spur rates up.
    • Gold rose to Rs.2,725 by 29th before dropping slightly to Rs.2,705.
    • Gold rose marginally to Rs.2,710 on 31st.

    1st December rate

    Rs.2,555

    31st December rate

    Rs.2,564

    Highest rate in December

    Rs.2,603 on 14th

    Lowest rate in December

    Rs.2,545 on 19th and 20th

    Overall performance

    Gain/Positive

    % Change

    +0.35%

    Dec'15 - Week 1 (1st to 7th)

    • Gold rates appreciated in the 1st week of December in Bangalore.
    • It was priced at Rs.2,555 on 1st and Rs.2,597 on 7th.
    • Gold hovered around Rs.2,555 to Rs.2,572 till 4th.
    • Prices increased to Rs.2,600 on 5th and settled there for 6th.
    • Gold lost marginally on 7th to rest at Rs.2,597.

    Dec'15 - Week 2 (8th to 14th)

    • Gold rates appreciated in the 2nd week.
    • It was priced at Rs.2,595 on 8th and Rs.2,603 on 14th.
    • Gold fell by Rs.21 on 9th and rose by Rs.10 on 10th to settle at Rs.2,584.
    • Prices dropped on 11th and 12th to rest at Rs.2,570 by 12th evening.
    • Gold rallied in the last 2 days by Rs.20 and Rs.13 to end the week at Rs.2,603.

    Dec'15 - Week 3 (15th to 21st)

    • Gold lost value in the 3rd week.
    • Rates were Rs.2,580 on 15th and Rs.2,561 on 21st.
    • Gold prices declined by Rs.11 on 16th to fall to Rs.2,569.
    • Gold lost Rs.3 over the next 2 days to rest at Rs.2,565 by 18th.
    • There was a drop of Rs.20 on 19th that brought prices down to Rs.2,545, where it stayed on 20th also.
    • Gold appreciated by Rs.16 on 21st to end the week at Rs.2,561.

    Dec'15 - Week 4 (22nd to 28th)

    • Gold prices dropped in the 4th week.
    • Rates were Rs.2,569 on 22nd and Rs.2,562 on 28th.
    • Gold depreciated marginally to Rs.2,560 on 23rd before gaining slightly on 24th and 25th to settle at Rs.2,565.
    • Rates were stable at Rs.2,565 till 27th owing to holidays before dropping to Rs.2,562 on 28th.

    Dec'15 - Week 5 (29th to 31st)

    • Gold prices were stable on the whole in the 5th week.
    • Rates were Rs.2,568 on 29th and Rs.2,564 on 31st.
    • Gold rise marginally to Rs.2,569 on 30th before settling at Rs.2,564 for the month.

    1st November rate

    Rs.2,681

    30th November rate

    Rs.2,566

    Highest rate in November

    Rs.2,724 on 2nd

    Lowest rate in November

    Rs.2,566 on 19th and 30th

    Overall performance

    Loss/Negative

    % Change

    -4.29%

    Nov '15 - Week 1 (1st to 7th)
    • Gold rates fell in the first week of November.
    • Rates were Rs.2,681 on 1st and Rs.2,600 on 7th.
    • Gold gained value to reach Rs.2,724 on 2nd and maintained the same level on 3rd also.
    • There was sustained fall in rates on 4th, 5th, 6th and 7th which took prices from Rs.2,722 on 3rd to Rs.2,600 on 7th, a drop of Rs.122 in 4 days.
    • Gold saw a particularly negative session on 7th when prices dropped to Rs.2,600 from Rs.2,657 from the previous day.

    Nov '15 - Week 2 (8th to 14th)

    • Gold rates were volatile throughout the 2nd week.
    • Prices were Rs.2,600 on 8th and Rs.2580 on 14th.
    • Gold gained value on 9th to touch Rs.2,617 before resting on Rs.2,610 on 10th and 11th.
    • There was a steep rise of Rs.50 in rates on 12th when prices touched Rs.2,660.
    • Gold rate declined in the next two days by Rs.41 and Rs.39 to rest at Rs.2,580.

    Nov '15 - Week 3 (15th to 21st)

    • Gold rates were volatile throughout the 3rd week.
    • Prices were Rs.2,580 on 15th and Rs.2,575 on 21st.
    • Gold gained Rs.66 on 16th to reach Rs.2,646 before losing out Rs.94 over the next two days to touch Rs.2,550 on 18th.
    • Gold gained marginally over the remaining part of the week to rest at Rs.2,575 on 21st.

    Nov '15 - Week 4 and 5 (22nd to 30th)

    • Gold rates declined marginally over the last days of the month.
    • Rates were Rs.2,575 on 22nd and Rs.2,566 on 30th.
    • Gold was stable throughout the 4th week hovering around Rs.2,575 to Rs.2,585, and settled on Rs.2,583 on 29th.
    • There was a drop of Rs.19 on 30th when rates fell to Rs.2,566.

    1st October rate

    Rs.2,621

    31st October rate

    Rs.2,681

    Highest rate in October

    Rs.2,770 on 21st

    Overall performance

    Gain/Positive

    % Change

    +2.29%

    Oct '15 - Week 1 (1st to 7th)

    • Gold rates saw overall appreciation in the first week of October.
    • Gold was priced at Rs.2,621 on 1st and Rs.2,681 on 7th.
    • There was a steep appreciation of Rs.42 on 3rd when prices reached Rs.2,666.
    • Prices appreciated in the next two days to Rs.2,681 on 7th.

    Oct '15 - Week 2 (8th to 14th)

    • Gold rates saw overall appreciation in the second week of October.
    • Gold was priced at Rs.2,663 on 8th and Rs.2,725 on 14th.
    • Rates saw a significant appreciation on 12th when prices breached the Rs.2,700 mark for the first time in the month.
    • Rates saw a decline in the next day before rallying to Rs.2,725 on 14th.

    Oct '15 - Week 3 (15th to 21st)

    • Gold rates were slightly lower at the end of the week as compared to the beginning.
    • Gold was prices at Rs.2,726 on 16th and Rs.2,770 on 21st.
    • Prices climbed on 20th to breach 2,750 mark at Rs.2,751, and again appreciated to Rs.2,770 on 21st the highest gold rate in Bangalorefor October.
    • Prices fell substantially on the next day to Rs.2,710.

    Oct '15 - Week 4 (22nd to 28th)

    • Gold rates were volatile for the fourth week of October.
    • Gold was priced at Rs.2,710 on 22nd and Rs.2,711 on 28th.
    • Prices were stable for the most part of the week except for the steep rise on 27th from Rs.2,708 to Rs.2,743.
    • Gold lost the gained value on 28th to fall to Rs.2,711.

    Oct '15 - Week 5 (29th to 31st)

    • Gold rates dropped substantially in the last 3 days of the month.
    • Prices had appreciated to Rs.2,743 on 29th, which declined to Rs.2,701 on 30th and fell further by Rs.20 to Rs.2,681 on 31st.
    • Gold lost Rs.62 value in the last three days of October.

    Gold rate in Bangalore at the start of the month was Rs.2,704, as on 1st September 2015. Rates declined in the first week of the month. Prices were Rs,2,678 on 4th and reached Rs.2,682 on 7th. Prices went on a general downward slide from 8th of the month and stabilized at Rs.2,632 on 12th. This level stayed till mid-month when gold rate was Rs.2,635 on 15th.

    Prices saw a mini rally in the next week. Starting at Rs.2,636 on 16th, gold rate touched Rs.2,675 on 21st September. The next week saw dynamic changes in gold rate, which fell to Rs.2,657 on 23rd and appreciated to Rs.2,706 on 25th of the month. Prices stabilized in the next three days to come to Rs.2,691 on 28th before falling to Rs.2,662 on 29th.

    Gold prices in Bangalore for September saw dynamism within the month. However, month start and end rates were at the same level. Going forward, gold rate can be expected to be volatile over the next few days and will most likely see sustained appreciation during the upcoming festive season.

    Also check Today's Gold Rate in the most popular Indian cities

    Today's Gold Rate in Delhi Today's Gold Rate in Mumbai Today's Gold Rate in Chennai
    Today's Gold Rate in Kolkata Today's Gold Rate in Bangalore Today's Gold Rate in Hyderabad
    Today's Gold Rate in Pune Today's Gold Rate in Coimbatore Today's Gold Rate in Ahmedabad
Gold Rate In Metro Cities
Gold Rate In Other Capitals
Gold Rate In Other Major Cities
Gold Rate In States
Bank Gold Schemes

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