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Today Gold Rate In Bangalore

27 Jun 2022

gold rate today

22-carat gold Rate

₹4707

(Per Gram)

gold price today

24-carat gold Rate

₹5034

(Per Gram)

22 Carat & 24 Carat Compare Gold Rates In Bangalore (Today & Yesterday)

Gold Rate TodayGold Rate YesterdayGold Rate Change(%)
22 Carat47074708-0.02%
24 Carat50345035-0.02%

Today 24 Carat Compare Gold Rate In Bangalore (Today & Yesterday)

Gram24 Carat Gold Price Yesterday24 Carat Gold Price TodayDaily Price
1 GRAM50355034-0.02%
8 GRAM4028040272-0.02%
10 GRAM5035050340-0.02%
100 GRAM50350005034000-0.02%

Today 916 KDM Gold Rate In Bangalore (Today & Yesterday)

Gram916 KDM Gold Rate Yesterday916 KDM Gold Rate TodayDaily Price
1 GRAM50355034-0.02%
8 GRAM4028040272-0.02%
10 GRAM5035050340-0.02%
100 GRAM50350005034000-0.02%

Today 22 Carat Compare Gold Price In Bangalore (Today & Yesterday)

Gram22 Carat Gold Price Yesterday22 Carat Gold Price TodayDaily Price
1 GRAM47084707-0.02%
8 GRAM3766437656-0.02%
10 GRAM4708047070-0.02%
100 GRAM47080004707000-0.02%

22 & 24 Carat Gold Rates In Bangalore for Last 30 Days

DateStandard Gold - 22 KPure Gold - 24 K
1 gram8 grams1 gram8 grams
2022-06-27₹ 4,707₹ 37,656₹ 5,034₹ 40,272
2022-06-26₹ 4,708₹ 37,664₹ 5,035₹ 40,280
2022-06-24₹ 4,694₹ 37,552₹ 5,021₹ 40,168
2022-06-23₹ 4,728₹ 37,824₹ 5,057₹ 40,456
2022-06-21₹ 4,719₹ 37,752₹ 5,047₹ 40,376
2022-06-20₹ 4,725₹ 37,800₹ 5,053₹ 40,424
2022-06-19₹ 4,723₹ 37,784₹ 5,052₹ 40,416
2022-06-17₹ 4,752₹ 38,016₹ 5,082₹ 40,656
2022-06-16₹ 4,713₹ 37,704₹ 5,041₹ 40,328
2022-06-14₹ 4,686₹ 37,488₹ 5,012₹ 40,096
2022-06-13₹ 4,818₹ 38,544₹ 5,153₹ 41,224
2022-06-12₹ 4,817₹ 38,536₹ 5,151₹ 41,208
2022-06-11₹ 4,817₹ 38,536₹ 5,151₹ 41,208
2022-06-10₹ 4,731₹ 37,848₹ 5,060₹ 40,480
2022-06-09₹ 4,756₹ 38,048₹ 5,086₹ 40,688
2022-06-08₹ 4,738₹ 37,904₹ 5,067₹ 40,536
2022-06-07₹ 4,718₹ 37,744₹ 5,046₹ 40,368
2022-06-06₹ 4,736₹ 37,888₹ 5,066₹ 40,528
2022-06-05₹ 4,735₹ 37,880₹ 5,064₹ 40,512
2022-06-04₹ 4,735₹ 37,880₹ 5,064₹ 40,512
2022-06-03₹ 4,775₹ 38,200₹ 5,107₹ 40,856
2022-06-02₹ 4,715₹ 37,720₹ 5,043₹ 40,344
2022-06-01₹ 4,703₹ 37,624₹ 5,029₹ 40,232
2022-05-31₹ 4,717₹ 37,736₹ 5,045₹ 40,360
2022-05-30₹ 4,734₹ 37,872₹ 5,063₹ 40,504
2022-05-29₹ 4,741₹ 37,928₹ 5,070₹ 40,560
2022-05-28₹ 4,741₹ 37,928₹ 5,070₹ 40,560
2022-05-27₹ 4,725₹ 37,800₹ 5,053₹ 40,424
2022-05-26₹ 4,730₹ 37,840₹ 5,059₹ 40,472
2022-05-25₹ 4,761₹ 38,088₹ 5,092₹ 40,736
2022-05-24₹ 4,729₹ 37,832₹ 5,058₹ 40,464

Historical Price of Gold Rates In Bangalore

The trend of Gold Rate in Bangalore for June 2022 (rates per gram for 22/24 carat gold)

Gold Rates22 Carat24 Carat
June 1st RateRs. 4,707 /- per gramRs. 5,034 /- per gram
June 27th RateRs. 4,703 /- per gramRs. 5,029 /- per gram
Highest June RateRs. 4,818 /- per gramRs. 5,153 /- per gram
Lowest June RateRs. 4,686 /- per gramRs. 5,012 /- per gram

The trend of Gold Rate in Bangalore for May 2022 (rates per gram for 22/24 carat gold)

Gold Rates22 Carat24 Carat
May 1st RateRs. 4,717 /- per gramRs. 5,045 /- per gram
May 31th RateRs. 4,779 /- per gramRs. 5,111 /- per gram
Highest May RateRs. 4,779 /- per gramRs. 5,111 /- per gram
Lowest May RateRs. 4,620 /- per gramRs. 4,941 /- per gram

The trend of Gold Rate in Bangalore for April 2022 (rates per gram for 22/24 carat gold)

Gold Rates22 Carat24 Carat
April 1st RateRs. 4,779 /- per gramRs. 5,111 /- per gram
April 30th RateRs. 4,840 /- per gramRs. 5,177 /- per gram
Highest April RateRs. 4,993 /- per gramRs. 5,340 /- per gram
Lowest April RateRs. 4,744 /- per gramRs. 5,074 /- per gram

The trend of Gold Rate in Bangalore for March 2022 (rates per gram for 22/24 carat gold)

Gold Rates22 Carat24 Carat
March 1st RateRs. 4,822 /- per gramRs. 5,157 /- per gram
March 31th RateRs. 4,735 /- per gramRs. 5,064 /- per gram
Highest March RateRs. 5,176 /- per gramRs. 5,536 /- per gram
Lowest March RateRs. 4,735 /- per gramRs. 5,064 /- per gram

The trend of Gold Rate in Bangalore for February 2022 (rates per gram for 22/24 carat gold)

Gold Rates22 Carat24 Carat
February 1st RateRs. 4,720 /- per gramRs. 5,048 /- per gram
February 28th RateRs. 4,415 /- per gramRs. 4,722 /- per gram
Highest February RateRs. 4,730 /- per gramRs. 5,059 /- per gram
Lowest February RateRs. 4,415 /- per gramRs. 4,722 /- per gram

For ages, Indians have relied on gold as an attractive investment option. Gold rates in India are heavily influenced by the value of the US dollar and the reserves held by our central banks. Because of its stability and security, Indians flocked to gold as a safe haven during the Corona outbreak. India's gold demand, which is the world's highest, has an impact on gold pricing in the country.

Bangaloreans purchase gold not just as an investment but also to adorn themselves with exquisite jewellery. In Hindu and Jain beliefs, gold is considered auspicious. According to the ancient lawgiver Manu, gold ornaments should be worn during important rituals and celebrations. Apart from Diwali, one of India's most important holidays, gold is used to mark regional festivals such as Akshaya Tritiya, Pongal, Ugadi, Durga Puja, Baisakhi, Karva Chauth, and Gudi Pavda.

Gold plays a role in more personal life situations as well. It's a common sight at weddings and other family gatherings. Giving gold as a present is a deeply ingrained part of Indian marital rituals—weddings account for more than half of the annual gold demand.

What are the options for Gold Investments in Bangalore?

Physical gold, ETFs, Gold Funds, Sovereign Gold Bonds, and even Digital Gold are all great ways to invest in gold. However, owning physical gold is the most common and straightforward method of investing in gold.

Also Read: Gold Rates in Major Indian Cities

In Bangalore, where can I acquire physical gold?

Jewellery, coins, and bars are all forms of physical gold. Physical gold may be acquired at the following places in Bangalore:

  • Gold jewellery, coins, and bars are available from all of the major jewellers.
  • At certain post offices, gold coins can be stamped and sealed.
  • The majority of public and private sector banks sell gold coins and gold bars.

You will be charged a processing fee or a wastage fee in addition to the gold price when you buy gold from a jeweller or a bank. The fees could be calculated as a percentage of the gold rate, and they could be rather high. Jewellers charge between 8% and 10% of the gold rate as manufacturing charges for gold coins and gold bars. In the case of jewellery, this is significantly higher. Making expenses for certain remarkable jewellery items might reach up to 25% of the article's total gold weight.

If you sell or trade these gold ornaments or coins, you will not be reimbursed for the making charges. When deciding the selling price, they will solely consider the weight of the gold jewel, resulting in a considerable loss for the purchaser. If you're wanting to make a financial investment, gold jewellery isn't the ideal choice. Invest in gold mutual funds or exchange-traded funds (ETFs).

What are Gold Exchange-Traded Funds (ETFs)? How can I invest in them?

Purchasing a Gold ETF is akin to purchasing shares. Gold ETFs, which are paper or dematerialized units, are used to represent physical gold. An exchange-traded fund (ETF) that tracks the domestic physical gold price is known as a Gold ETF. They are gold-based passive investment products that invest in gold bullion and are based on gold prices.

Gold ETFs can be purchased by those in Bangalore who desire to invest in gold. The internet allows these investments to be made swiftly and easily. It has radically changed the way people in Bangalore acquire and invest in gold. They're gaining popularity because they offer numerous benefits over purchasing genuine gold jewellery or coins. Trading in ETFs, on the other hand, requires the creation of a trading account and the payment of a brokerage charge, which is often a percentage of the investment. It's possible that storing the gold in the bank vault will result in taxation.

Gold ETFs are popular among investors because of their high liquidity and ease of trading. However, to trade gold stocks, you'll need a high-risk tolerance as well as a thorough understanding of gold as a commodity and stock markets in general. Gold prices, like those of all other commodities, fluctuate owing to a variety of causes, necessitating constant monitoring and the ability to spot market shifts.

Is it safe to put money into Gold Mutual Funds?

A safer approach to investing in gold is through gold mutual funds. The fund invests in gold and gold-related firms' stocks. Silver, platinum, and other metals are included in the investment portfolios of gold mutual funds. The fund manager buys and sells securities based on basic trading analysis to maximize investor profits. Returns on gold funds are influenced by market factors to some extent. By distributing assets among a variety of investment possibilities, gold mutual funds considerably reduce the risk of returns.

Additional Read – Different Types of Mutual Funds Investment in India

Sovereign Gold Bonds: Low-Risk, High-Returns

Sovereign Gold Bonds (SGBs) has been making the rounds in the financial community in recent years. International gold rates have been impacted significantly by recent market volatility and uncertainty in the global market. SGBs have long been regarded as the safest investment option for gold investors.

SGBs are issued on behalf of the government by the RBI. India is a country in India. They feature an 8-year maturity period and a guaranteed annual interest rate of 2.5%. When the bond matures, you can either withdraw money corresponding to the current market rate of the gold you own or actual gold. Because of the stability that gold investing gives, this is a fantastic option for people looking for long-term gold investments.

Gold Rate Bangalore FAQs

1. Which gold investment is the most liquid right now?

Physical gold has the highest liquidity because it can be sold for cash at any jeweller in your area. However, you may lose money if you sell or swap physical gold. Gold mutual funds are far more liquid than real gold because they can be redeemed and the money credited to your account within a few business days.

2. What is 916 gold?

916 gold refers to 22-carat gold. The number 916 denotes the purity of gold in the end product, such as 91.6 grams of pure gold in a 100-gram alloy. 916 gold is a suitable alternative to pure gold since pure gold is too soft to manufacture elaborate jewellery.

3. Why is the rate of gold different in different states of India?

The final rate of gold is determined based on the transportation charges and the local jewellery associations. So the rate is different in different states of India.

4. What factors influence the price of gold in India?

Inflation, demand and supply, interest rates, government reserves, and the Indian market all influence the gold rate in India.

5. Which is the best place to buy gold coins and bars?

Gold coins or bars are available in post offices, banks and jewellery shops. As long as the coins are hallmarked and come in sealed packages, you can buy them in either of the places.

6. Does the gold rate change every day?

Yes, the gold rate is dependent on various factors and hence keeps fluctuating every day, even if a small percentage.

7. What exactly is a Karat?

A karat is a unit of measurement for gold purity. It is a unit of fineness or purity, to put it another way. It refers to the ratio of a copper alloy combined with gold. Because pure gold is so soft, it must be alloyed with another metal in order to be used in jewellery and other applications.

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