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Today Gold Rate in Bangalore (11 May 2021)

Gold Price in Bangalore

Last Updated 11th May 2021

The gold price in Bangalore for 22-carat gold is ₹ 44,610 and for 24-carat gold is ₹ 48,670.

Gold Price 24 Carat Gold – ₹ per 10 grams 22 Carat Gold – ₹ per 10 grams
Today 48,670 44,610
Gold Rate Bangalore May 2021
Highest Rate 48,670 44,610
Lowest Rate 47,780 43,800
Average Rate 48,263 44,239

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Today Gold Price Bangalore

₹ 44,610

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 ₹ 44,610 for 22-carat gold, whereas for 24-carat gold it is ₹ 48,670.

Historical Price of Gold Rate in Bangalore

24 Carat Gold Price in Bangalore 2021

Months Lowest Price 24 Carat Gold – ₹ per 10 grams Highest Price 24 Carat Gold – ₹ per 10 grams
May 2021
47,780 48,670
April 2021
45,440 49,200
March 2021
44,840 46,970
February 2021
46,570 49,640
January 2021
49,640 52,360

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 51,380
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

22 Carat Gold Price in Bangalore 2021

Months Lowest Price 22 Carat Gold – ₹ per 10 grams Highest Price 22 Carat Gold – ₹ per 10 grams
May 2021 43,800 44,610
April 2021 41,650 45,100
March 2021 41,100 43,050
February 2021 42,690 45,500
January 2021 45,500 48,000

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 47,100
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

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 ₹ 44,610. 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 ₹ 4,867 for 24 carats of gold and ₹ 44,610 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 ₹ 48,670.

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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