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Today Gold Rates In Bangalore

26 Jul 2021

gold rate

22-carat gold Rate

₹4415

(Per Gram)

gold rate

24-carat gold Rate

₹4722

(Per Gram)

22 Carat & 24 Carat Gold Rates In Bangalore Per Gram (INR)

Gold Rate TodayGold Rate YesterdayGold Rate Change(%)
22 Carat441544150.00%
24 Carat472247220.00%

Today 24 Carat Gold Price In Bangalore (INR)

Gram24 Carat Gold Yesterday24 Carat Gold TodayDaily Price
1 GRAM472247220.00%
8 GRAM37776377760.00%
10 GRAM47220472200.00%
100 GRAM472200047220000.00%

Today 22 Carat Gold Price In Bangalore (INR)

Gram22 Carat Gold Yesterday22 Carat Gold TodayDaily Price
1 GRAM441544150.00%
8 GRAM35320353200.00%
10 GRAM44150441500.00%
100 GRAM441500044150000.00%

22 & 24 Carat Gold Rates In Bangalore for Last 90 Days

DateStandard Gold - 22 KPure Gold - 24 K
1 gram8 grams1 gram8 grams
2021-07-264,41535,3204,72237,776
2021-07-254,41535,3204,72237,776
2021-07-244,41735,3364,72437,792
2021-07-234,43335,4644,74137,928
2021-07-224,42035,3604,72837,824
2021-07-214,43735,4964,74637,968
2021-07-204,46335,7044,77438,192
2021-07-194,45035,6004,75938,072
2021-07-184,45335,6244,76338,104
2021-07-174,45435,6324,76438,112
2021-07-164,48935,9124,80138,408
2021-07-154,47635,8084,78738,296
2021-07-144,44235,5364,75138,008
2021-07-134,43235,4564,74037,920
2021-07-124,43535,4804,74437,952
2021-07-114,43535,4804,74437,952
2021-07-104,44535,5604,75438,032
2021-07-094,43035,4404,73837,904
2021-07-084,44335,5444,75238,016
2021-07-074,42435,3924,73237,856
2021-07-064,38335,0644,68837,504
2021-07-054,38335,0644,68837,504
2021-07-044,38335,0644,68837,504
2021-07-034,38735,0964,69237,536
2021-07-024,35634,8484,65937,272
2021-07-014,33134,6484,63237,056
2021-06-304,31334,5044,61336,904
2021-06-294,34834,7844,65137,208
2021-06-284,35334,8244,65537,240
2021-06-274,35034,8004,65337,224
2021-06-264,34334,7444,64537,160
2021-06-254,34034,7204,64137,128
2021-06-244,34734,7764,64937,192
2021-06-234,35634,8484,65937,272
2021-06-224,35434,8324,65737,256
2021-06-194,32034,5604,62136,968
2021-06-184,34534,7604,64737,176
2021-06-174,45035,6004,75938,072
2021-06-164,48535,8804,79738,376
2021-06-154,49435,9524,80738,456
2021-06-144,52736,2164,84238,736
2021-06-134,52536,2004,84038,720
2021-06-124,52736,2164,84138,728
2021-06-114,55736,4564,87438,992
2021-06-104,54336,3444,85938,872
2021-06-094,54836,3844,86438,912
2021-06-084,55236,4164,86938,952
2021-06-074,54036,3204,85538,840
2021-06-064,54036,3204,85538,840
2021-06-054,53736,2964,85338,824
2021-06-044,50336,0244,81638,528
2021-06-034,58336,6644,90139,208
2021-06-024,55936,4724,87639,008
2021-06-014,55236,4164,86838,944
2021-05-314,53936,3124,85438,832
2021-05-304,53936,3124,85438,832
2021-05-294,53236,2564,84738,776
2021-05-284,54136,3284,85738,856
2021-05-274,53636,2884,85238,816
2021-05-264,55236,4164,86838,944
2021-05-254,51836,1444,83338,664
2021-05-244,51836,1444,83238,656
2021-05-234,51836,1444,83238,656
2021-05-224,51236,0964,82638,608
2021-05-214,50836,0644,82238,576
2021-05-204,49235,9364,80438,432
2021-05-194,49735,9764,80938,472
2021-05-184,50436,0324,81738,536
2021-05-174,44835,5844,75838,064
2021-05-164,44835,5844,75838,064
2021-05-154,44335,5444,75238,016
2021-05-144,41835,3444,72537,800
2021-05-134,41535,3204,72237,776
2021-05-124,43535,4804,74337,944
2021-05-114,44135,5284,75038,000
2021-05-104,41935,3524,72737,816
2021-05-094,41935,3524,72737,816
2021-05-084,41835,3444,72537,800
2021-05-074,39635,1684,70137,608
2021-05-064,33334,6644,63537,080
2021-05-054,31834,5444,61836,944
2021-05-044,35534,8404,65837,264
2021-05-034,31534,5204,61536,920
2021-05-024,31534,5204,61536,920
2021-05-014,31534,5204,61536,920
2021-04-304,32834,6244,62937,032
2021-04-294,36334,9044,66737,336
2021-04-284,36534,9204,66837,344
2021-04-274,37835,0244,68237,456
2021-04-264,38135,0484,68637,488

Gold price chart last 30 days

Historical Price of Gold Rates In Bangalore

The trend of Gold Rate in Bangalore for February 2021 (rates per gram for 22/24 carat gold)

Gold Rates22 Carat24 Carat
February 1st RateRs. 4,203 /- per gramRs. 4,496 /- per gram
February 28th RateRs. 4,402 /- per gramRs. 4,708 /- per gram
Highest February RateRs. 4,482 /- per gramRs. 4,793 /- per gram
Lowest February RateRs. 4,201 /- per gramRs. 4,493 /- per gram

The trend of Gold Rate in Bangalore for March 2021 (rates per gram for 22/24 carat gold)

Gold Rates22 Carat24 Carat
March 1st RateRs. 4,067 /- per gramRs. 4,350 /- per gram
March 31th RateRs. 4,203 /- per gramRs. 4,496 /- per gram
Highest March RateRs. 4,203 /- per gramRs. 4,496 /- per gram
Lowest March RateRs. 4,059 /- per gramRs. 4,341 /- per gram

The trend of Gold Rate in Bangalore for April 2021 (rates per gram for 22/24 carat gold)

Gold Rates22 Carat24 Carat
April 1st RateRs. 4,328 /- per gramRs. 4,629 /- per gram
April 30th RateRs. 4,117 /- per gramRs. 4,403 /- per gram
Highest April RateRs. 4,447 /- per gramRs. 4,756 /- per gram
Lowest April RateRs. 4,117 /- per gramRs. 4,403 /- per gram

The trend of Gold Rate in Bangalore for May 2021 (rates per gram for 22/24 carat gold)

Gold Rates22 Carat24 Carat
May 1st RateRs. 4,539 /- per gramRs. 4,854 /- per gram
May 31th RateRs. 4,315 /- per gramRs. 4,615 /- per gram
Highest May RateRs. 4,552 /- per gramRs. 4,868 /- per gram
Lowest May RateRs. 4,315 /- per gramRs. 4,615 /- per gram

The trend of Gold Rate in Bangalore for June 2021 (rates per gram for 22/24 carat gold)

Gold Rates22 Carat24 Carat
June 1st RateRs. 4,313 /- per gramRs. 4,613 /- per gram
June 30th RateRs. 4,552 /- per gramRs. 4,868 /- per gram
Highest June RateRs. 4,583 /- per gramRs. 4,901 /- per gram
Lowest June RateRs. 4,313 /- per gramRs. 4,613 /- per gram

The trend of Gold Rate in Bangalore for July 2021 (rates per gram for 22/24 carat gold)

Gold Rates22 Carat24 Carat
July 1st RateRs. 4,415 /- per gramRs. 4,722 /- per gram
July 26th RateRs. 4,331 /- per gramRs. 4,632 /- per gram
Highest July RateRs. 4,489 /- per gramRs. 4,801 /- per gram
Lowest July RateRs. 4,331 /- per gramRs. 4,632 /- per gram

From time immemorial, gold has been one of the most popular investment instruments for Indians. Even with rising prices, gold is viewed as a safe mode for investment.

Measurement of gold

The purity of gold is measured in karats, whereas the weight of gold is measured in troy ounces (1 troy ounce = 31.1034768 grams).

What is a karat?

A karat is used to denote the purity of gold. 24-karat gold is pure gold, but it is malleable. Hence, it is mixed with a metal like copper or silver to make jewelry. One karat is equal to 1/24th of the whole. So, if a piece of gold is marked 18-karat, it means that it is made of 18 parts gold and 6 parts copper.

24 karat is 99.9% of gold while 22 karat is 91.6% pure. That is why the price of 24 karat gold is higher than 22 karat gold.

Following is the fineness scale which is used while defining the purity of gold:

24 K = 99.9% Pure

22 K = 91.6% Pure

18 K = 75% Pure

14 K = 58.5% Pure

10 K = 41.7% Pure

Fun fact: All the gold produced in one year globally could just about fit in the average person's living room!

Factors That Determine Gold Prices in Bangalore

While the demand for gold has a role to play in its fluctuating price, there are several other factors that determine the price of gold.  Following is an overview of some of the factors that affect the price of gold in Bangalore:

Supply and demand

Simple supply-and-demand economics can influence physical gold prices to a large extent. As with any product, increased demand coupled with low supply has an upward effect on the price graph. Conversely, an oversupply of a product or service with a feeble demand can push prices lower. The same principle applies to gold. Traditionally, there is a surge in gold demand during festive seasons, leading to a rise in gold prices.

Weakening US dollar

The price of gold is dollar-denominated. Hence, the movement of currencies–specifically the U.S. dollar–is another strong influencer. A falling dollar pushes up gold prices and vice versa. Conversely, a strengthening U.S. dollar (that often comes about because of a growing U.S. economy) pushes down gold prices. Note that gold and the U.S. dollar have an inverse relationship. When the US dollar is strong, investors invest in the currency rather than in the precious metal.

Inflation

When inflation rises, the value of the currency goes down and therefore people invest in gold in order to hedge themselves from falling currency value. Hence, during times of inflation, especially over a longer period, gold becomes a tool to hedge against uncertainties. This cause the price of gold in Bangalore to rise.

Fixed Deposit interest rates

When fixed deposit interest rates rise, investors look to invest in such investment instruments that yield a fixed return, unlike gold which does not guarantee any such return. So, demand takes a back seat with prices falling. Alternatively, when fixed-income investment interest rates fall, investors prefer investing in gold as an alternative investment option. Thus, the demand for gold rises, pushing up the price.

Seasonal demand 

Seasonal demand pushes the gold price higher. Again, this is related to the supply and demand principle. Traditionally, in India, the demand for gold rises during auspicious festivals, thereby pushing up the price of gold in Bangalore.

Apart from the above-mentioned factors, when demand for gold increases in the international market, the price of gold naturally increases in Bangalore too. It is important to note that gold prices can also vary across different states in India. Port cities usually have gold that is priced at a slightly lower range than in rural areas. This is due to the transportation cost associated with importing and transport of gold. Again, demand and supply influence the price of domestic gold.

Why gold prices in Bangalore differ from other cities?

Gold is a precious commodity that is imported from foreign countries. Cities that have ports have the chance of accessing gold much quicker. Due to the number of logistics involved, gold prices may vary from state to state and in different cities.

Buy gold in Bangalore

Gold is one of the most sought-after commodities in India. Gold is part of every household in Bangalore and is especially in demand during festive seasons. Gold is an important part of Indian culture, which is why it is much sought after.

Commonly, gold is bought as a form of investment due to its ever-increasing price. Following are some of the factors to keep in mind if you're wondering how to buy gold in Bangalore.

The purity of Gold: While buying gold, obviously the first thing to keep in mind is its purity (measured in karats). 24 karat is 99.9% of pure gold while 22 karat is 91.6% pure. Following is the fineness scale which is used while defining the purity of gold:

24 K = 99.9% Pure

22 K = 91.6% Pure

18 K = 75% Pure

14 K = 58.5% Pure

10 K = 41.7% Pure

Understand the Hallmarking of Gold: While buying gold, it is important to understand how hallmarking works. The Bureau of Indian Standards (BIS) operates a hallmarking scheme, whereby representatives visit jewelers and assess their gold quality. If it meets the required standards, the jeweler is granted a license. Only jewelers granted a licensee can get their gold jewelry hallmarked for purity, after extensive testing, by BIS-recognized Assaying and Hallmarking Centers in India.

Check the price of Gold: Since India does not mine gold, all gold supplies are imported from overseas. This means the price of gold in Bangalore is greatly influenced by the international market and currency fluctuations. Before buying gold, always check the per gram price as it changes on a daily basis. You can check the price of gold on our website.

Disclaimer: The information on the prices of the gold rate is merely indicative and is susceptible to change with market value and is provided on an as-is basis. The information contained here is not intended as investment advice. CreditMantri is in no way responsible for any loss arising from the use of data contained on this website.

Frequently Asked Questions: Gold Rates in Bangalore Today

1. What are the taxes when buying gold jewelry in Bangalore?

With the introduction of Goods and Services Tax (GST), the customer is required to pay 3% on the value of the gold jewelry. This includes making charges. If the jeweler is charging you separately for making charges, then you need to pay 5% on the making charges.

2. Where can I get a regular update on gold rates in Bangalore?

You can check online portals such as CreditMantri for the latest gold prices in Bangalore.

3. Which gold is better to buy, 22 karats or 24 karats?

24 K is the purest form of gold, which comprises of 99.9% pure gold. While this is expensive than 22 karat gold, it is extremely malleable. Hence, if you are buying gold jewelry, 22 K is preferred by many as it lasts longer for jewelry.

4. How long does Hallmarking of gold take?

It may take approximately five to six hours to get the purity of gold checked. Once the purity of gold is established, it is hallmarked.

Gold Rate Bangalore - Customer Reviews

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