|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|
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|
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)
April 2017 - Week 2 (10th-16th) April 2017 - Week 3 (17th-23rd)
April 2017 - Week 2 (10th-16th)
April 2017 - Week 3 (17th-23rd)
|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|
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|
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|
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|
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|
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|
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|
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|
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|
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|
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|
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
31st March rate
Highest rate in March
Rs 2,975 on 1st, 3rd, 4th, 5th and 6th
Lowest rate in March
Rs 2,870 on 28th
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
29th February rate
Highest rate in February
Rs.2,975 on 12th and 26th
Lowest rate in February
Rs.2,718 on 1st
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|
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
31st December rate
Highest rate in December
Rs.2,603 on 14th
Lowest rate in December
Rs.2,545 on 19th and 20th
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
30th November rate
Highest rate in November
Rs.2,724 on 2nd
Lowest rate in November
Rs.2,566 on 19th and 30th
- 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
31st October rate
Highest rate in October
Rs.2,770 on 21st
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.