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Today’s Gold Rate in Bangalore

Gold Price in Bangalore

Last Updated 02nd Dec 2020

The gold price in Bangalore for 22-carat gold is ₹ 44,900 and for 24-carat gold is ₹ 48,980.

Gold Price 24 Carat Gold – ₹ per 10 grams 22 Carat Gold – ₹ per 10 grams
Today 48,980 44,900
Gold Rate Bangalore Dec 2020
Highest Rate 48,980 44,900
Lowest Rate 48,980 44,900
Average Rate 48,980 44,900

Watch Best Options to Invest in Gold

Today Gold Price Bangalore

₹ 44,900

Gold Price Today in Bangalore

Gold holds a special place in Indian households due to the fact that it is both auspicious when it comes to cultural connotations but also holds a great investment portfolio. Thereby it is largely consumed across the country, including Bangalore. No matter what the situation of the economy is, gold consumption never stops and thereby is important to be informed of the changing gold rates in Bangalore. The gold rates in Bangalore are dependent on various factors such as inflation, demand and supply of gold, international relations or rupee-dollar equation. The gold price in Bangalore today is ₹ 44,900 for 22-carat gold, whereas for 24-carat gold it is ₹ 48,980.

Historical Price of Gold Rate in Bangalore

24 Carat Gold Price in Bangalore 2020

Months Lowest Price 24 Carat Gold – ₹ per 10 grams Highest Price 24 Carat Gold – ₹ per 10 grams
December 2020
48,980 48,980
November 2020
48,764 53,020
October 2020
51,150 52,530
September 2020
51,160 53,650
August 2020
52,390 57,600
July 2020
49,450 55,000
June 2020
47,220 49,900
May 2020
45,860 48,990
April 2020
42,850 47,300
March 2020
41,150 45,270
February 2020
41,180 43,880
January 2020
39,000 42,100

24 Carat Gold Price in Bangalore 2019

Months Lowest Price 24 Carat Gold – ₹ per 10 grams Highest Price 24 Carat Gold – ₹ per 10 grams
December 2019
38,450 39,980
November 2019
38,680 39,650
October 2019
38,020 39,490
September 2019
38,340 40,300
August 2019
35,460 39,860
July 2019
32,310 35,940
June 2019
32,410 34,860
May 2019
30,290 32,510
April 2019
31,940 32,320
March 2019
32,240 34,860
February 2019
32,540 34,070
January 2019
32,040 33,640

22 Carat Gold Price in Bangalore 2020

Months Lowest Price 22 Carat Gold – ₹ per 10 grams Highest Price 22 Carat Gold – ₹ per 10 grams
December 2020 44,900 44,900
November 2020 44,700 48,600
October 2020 46,700 48,150
September 2020 46,900 49,180
August 2020 48,500 52,800
July 2020 45,350 50,500
June 2020 43,250 45,750
May 2020 42,900 44,910
April 2020 38,775 44,740
March 2020 37,650 41,500
February 2020 37,750 40,300
January 2020 36,650 38,600

22 Carat Gold Price in Bangalore 2019

Months Lowest Price 22 Carat Gold – ₹ per 10 grams Highest Price 22 Carat Gold – ₹ per 10 grams
December 2019 35,250 36,650
November 2019 35,450 36,350
October 2019 34,850 36,200
September 2019 35,150 36,950
August 2019 32,500 36,810
July 2019 31,850 34,200
June 2019 30,630 32,610
May 2019 29,960 32,310
April 2019 30,160 30,540
March 2019 30,460 31,960
February 2019 30,760 32,270
January 2019 30,160 31,760

From where to buy gold jewellery in Bangalore

When buying gold in Bangalore, it is highly recommended to approach certified and established jewellers who sell hallmark jewellery. Some of the old and reputed jewellers in Bangalore for buying gold jewellery are Davanam Jewellers, Lalitha Jewellers, G Ratna Jewellers, Swarna Sankalp Jewels, Prakash Jewellers and Aabhushan jewellers. Other large Stores that sell certified and hallmark jewellery in Bangalore are Reliance Gems and Jewels, Goldfinch Jewellery Limited, Panchratna Jewellers, and Sona Mahar Jewellers.

List of banks providing gold loan in Bangalore

Customers who own gold jewellery can always approach a bank or a gold loan company to get a loan against jewellery to meet any urgent personal or business expense. Some of the large banks and gold loan NBFCs in Bangalore that provide loan against gold jewellery are:

About Bangalore

Gold is a very popular asset and commodity in Bangalore. India is actually the biggest consumer of gold in the world. The purchase of gold in the city Bangalore is primarily for making jewellery and ornaments. Gold being a popular commodity, acts as means of investment for consumers in the city Bangalore. In addition to this , there are a number of gold dealers in Bangalore who form the backbone of the local gold industry.

FAQs

What is the gold price in Bangalore for 916 hallmark gold?

The gold price in Bangalore for 916 hallmark gold is ₹ 44,900. The 916 KDM gold price is same as 22-carat hallmark gold.

What is the price of 1 gram gold in Bangalore today?

The price of 1 gm gold in Bangalore today is ₹ 4,898 for 24 carats of gold and ₹ 44,900 for 22 carats gold. 

What is the rate of 23-carat gold in Bangalore?

The rate of hallmark gold of 23-carat in Bangalore is ₹ 48,980.

How is today’s gold rate in Bangalore 916 determined?

The gold rates in Bangalore is determined based on various factors such as the interest rates in the developed countries, demand for gold wherein a lower demand for gold leads to low prices and higher demand leads to high prices. Further, the gold price in Bangalore is also affected by Government policies related to tariffs on gold, and the tariffs charged by the Local Governments.

What is the important checklist for buying gold in Bangalore?

Checklist for buying gold in Bangalore involves being mindful of the following things:

  • Check the gold price per gram: Checking out the gold price per gram is important, as you won’t end up paying more than the actual price. However, check the price from an authentic and reliable source.
  • Know about different purity levels: Before buying gold, it is important that the gold buyer is aware of different purity levels in gold, such as 24 carats or 100% gold, and 22 carats or 91.6% gold. Research about the purity level and pre deicide the level you wish to for based on factors like price and usage of gold.
  • Ensure certification: Ensuring the certification of gold is the most important aspect to check the quality and purity of gold. Ensure that you buy hallmark gold or the gold with the BIS mark.
  • Be aware of the buy-back terms: Lastly, be aware of the lender’s buy-back policy that is the terms on the exchange of gold years later. Know whether the seller will obtain the gold at the same price or whether any cost-cutting is involved.
  • Collect bill: Most importantly, after buying the gold, do not forget to collect a bill form the seller. Collecting the bill will allow you to take actions if the gold is impure or lacks in quality as promised by the seller.
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