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Today Gold Rate in Bangalore: May 2022

24 and 22 Carat Gold Price in Bangalore

Last Updated 22nd May 2022

The gold price in Bangalore for 22-carat gold is ₹ 46,250 and for 24-carat gold is ₹ 50,450.

Gold Price 24 Carat Gold – ₹ per 10 grams 22 Carat Gold – ₹ per 10 grams
Today 50,450 46,250
Yesterday Gold Rate ₹ 50,450 ₹ 46,250
Gold Rate Bangalore May 2022
Highest Rate 52,790 48,390
Lowest Rate 50,450 46,250
Average Rate 51,389 47,106
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Today Gold Price Bangalore

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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 ₹ 46,250 for 22-carat gold, whereas for 24-carat gold it is ₹ 50,450.

Historical Price of Gold Rate in Bangalore

24 Carat Gold Price in Bangalore 2022

Months Lowest Price 24 Carat Gold – ₹ per 10 grams Highest Price 24 Carat Gold – ₹ per 10 grams
May 2022
50,450 52,790
April 2022
52,140 54,380
March 2022
50,950 54,330
February 2022
48,980 51,550
January 2022
48,550 50,100

24 Carat Gold Price in Bangalore 2021

Months Lowest Price 24 Carat Gold – ₹ per 10 grams Highest Price 24 Carat Gold – ₹ per 10 grams
December 2021
48,490 49,850
November 2021
48,600 50,350
October 2021
47,350 49,150
September 2021
46,960 48,560
August 2021
47,300 49,090
July 2021
48,000 49,370
June 2021
47,730 50,400
May 2021
47,780 50,300
April 2021
45,440 49,200
March 2021
44,840 46,970
February 2021
46,570 49,640
January 2021
49,640 52,360

22 Carat Gold Price in Bangalore 2022

Months Lowest Price 22 Carat Gold – ₹ per 10 grams Highest Price 22 Carat Gold – ₹ per 10 grams
May 2022 46,250 48,390
April 2022 47,800 49,850
March 2022 46,700 49,800
February 2022 44,900 47,250
January 2022 44,500 45,900

22 Carat Gold Price in Bangalore 2021

Months Lowest Price 22 Carat Gold – ₹ per 10 grams Highest Price 22 Carat Gold – ₹ per 10 grams
December 2021 44,450 45,900
November 2021 44,550 46,150
October 2021 43,400 45,050
September 2021 43,050 44,510
August 2021 43,350 44,990
July 2021 44,000 45,250
June 2021 43,750 46,200
May 2021 43,800 46,100
April 2021 41,650 45,100
March 2021 41,100 43,050
February 2021 42,690 45,500
January 2021 45,500 48,000

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 ₹ 46,250. 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 ₹ 5,045 for 24 carats of gold and ₹ 46,250 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 ₹ 50,450.

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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