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Today Gold Rates In Bangalore

22 Jan 2021

gold rate

22 Carat Gold

₹4402

(Per Gram)

gold rate

24 Carat Gold

₹4708

(Per Gram)

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

TodayYesterdayChange(%)
22 Carat440244020.00%
24 Carat470847080.00%

Today 24 Carat Gold Price In Bangalore (INR)

Gram24 Carat Gold Yesterday24 Carat Gold TodayDaily Price
1 GRAM470847080.00%
8 GRAM37664376640.00%
10 GRAM47080470800.00%
100 GRAM470800047080000.00%

Today 22 Carat Gold Price In Bangalore (INR)

Gram22 Carat Gold Yesterday22 Carat Gold TodayDaily Price
1 GRAM440244020.00%
8 GRAM35216352160.00%
10 GRAM44020440200.00%
100 GRAM440200044020000.00%

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

DateStandard Gold - 22 KPure Gold - 24 K
1 gram8 grams1 gram8 grams
2021-01-224,40235,2164,70837,664
2021-01-214,40235,2164,70837,664
2021-01-204,40235,2164,70837,664
2021-01-194,40235,2164,70837,664
2021-01-184,40235,2164,70837,664
2021-01-174,40035,2004,70637,648
2021-01-164,40435,2324,71137,688
2021-01-154,45035,6004,75938,072
2021-01-144,46235,6964,77238,176
2021-01-134,45335,6244,76238,096
2021-01-124,46935,7524,77938,232
2021-01-114,46735,7364,77838,224
2021-01-104,46735,7364,77838,224
2021-01-094,44535,5604,75438,032
2021-01-084,63537,0804,95739,656
2021-01-074,60036,8004,92039,360
2021-01-064,70037,6005,02640,208
2021-01-054,67137,3684,99639,968
2021-01-044,56836,5444,88539,080
2021-01-034,56836,5444,88539,080
2021-01-024,56836,5444,88539,080
2021-01-014,55436,4324,87138,968
2020-12-314,55736,4564,87438,992
2020-12-304,54136,3284,85738,856
2020-12-294,54236,3364,85838,864
2020-12-284,53836,3044,85438,832
2020-12-274,53636,2884,85138,808
2020-12-264,53636,2884,85138,808
2020-12-254,55036,4004,86738,936
2020-12-244,55236,4164,86838,944
2020-12-234,53336,2644,84938,792
2020-12-224,57036,5604,88739,096
2020-12-214,55936,4724,87639,008
2020-12-204,55936,4724,87639,008
2020-12-194,55736,4564,87438,992
2020-12-184,56036,4804,87739,016
2020-12-174,49935,9924,81138,488
2020-12-164,48035,8404,79238,336
2020-12-154,43035,4404,73837,904
2020-12-144,46635,7284,77738,216
2020-12-134,46635,7284,77738,216
2020-12-124,46735,7364,77838,224
2020-12-114,44635,5684,75538,040
2020-12-104,44335,5444,75238,016
2020-12-094,54336,3444,85938,872
2020-12-084,52536,2004,83938,712
2020-12-074,46935,7524,77938,232
2020-12-064,46935,7524,77938,232
2020-12-054,45735,6564,76738,136
2020-12-044,46935,7524,77938,232
2020-12-034,43735,4964,74637,968
2020-12-024,39035,1204,69537,560
2020-12-014,33634,6884,63737,096
2020-11-304,31234,4964,61136,888
2020-11-034,59336,7454,91239,299
2020-11-024,56236,4934,87939,030
2020-11-014,56636,5254,88339,064
2020-10-314,56636,5314,88439,071
2020-10-304,53036,2364,84438,755
2020-10-294,53736,2974,85338,820
2020-10-284,58736,6944,90639,245
2020-10-274,58536,6804,90439,230
2020-10-264,57336,5834,89139,126
2020-10-254,57336,5834,89139,126
2020-10-244,57636,6064,89439,151
2020-10-234,56936,5524,88739,093
2020-10-224,61236,8924,93239,457
2020-10-214,57136,5664,88839,108
2020-10-204,54736,3764,86338,905
2020-10-194,54336,3434,85938,869
2020-10-184,54336,3434,85938,869
2020-10-174,55136,4114,86838,942
2020-10-164,55836,4684,87539,003
2020-10-154,54336,3414,85838,867
2020-10-144,52936,2354,84438,754
2020-10-134,59136,7294,91039,282
2020-10-124,58736,6944,90639,245
2020-10-114,58736,6944,90639,245
2020-10-104,58236,6544,90039,202
2020-10-094,51936,1554,83438,669
2020-10-084,50436,0324,81738,536
2020-10-074,54836,3804,86438,909
2020-10-064,55836,4624,87538,997
2020-10-054,53636,2904,85238,813
2020-10-044,53636,2904,85238,813
2020-10-034,54236,3384,85838,864
2020-10-024,55636,4514,87338,985
2020-10-014,52936,2344,84438,753
2020-09-304,55436,4284,87038,961
2020-09-294,52036,1644,83538,678
2020-09-284,46835,7404,77838,225
2020-09-274,46835,7404,77838,225
2020-09-264,47835,8214,78938,311
2020-09-254,47535,7984,78638,287
2020-09-244,46735,7354,77738,219
2020-09-234,56036,4804,87739,016
2020-09-224,59636,7714,91639,327
2020-09-214,66937,3504,99339,946
2020-09-204,67637,4055,00140,005
2020-09-194,67637,4055,00140,005
2020-09-184,66837,3474,99339,944
2020-09-174,67437,3894,99939,988
2020-09-164,69037,5185,01640,127
2020-09-154,68837,5065,01440,113
2020-09-144,66037,2784,98439,869
2020-09-134,64337,1464,96639,729
2020-09-124,64337,1464,96639,729
2020-09-114,65937,2704,98339,860
2020-09-104,64637,1714,96939,755
2020-09-094,63237,0544,95439,630
2020-09-084,61436,9144,93539,480
2020-09-074,63037,0374,95139,612
2020-09-064,61236,8984,93339,463
2020-09-054,61236,8984,93339,463
2020-09-044,63637,0894,95839,668
2020-09-034,64337,1464,96639,729
2020-09-024,67637,4115,00140,012
2020-09-014,72237,7795,05140,405
2020-08-314,69737,5745,02340,187
2020-08-304,67937,4345,00540,036
2020-08-294,67937,4345,00540,036
2020-08-284,65137,2104,97539,796
2020-08-274,70237,6145,02940,229
2020-08-264,66437,3144,98839,908
2020-08-254,66337,3034,98739,897
2020-08-244,72137,7725,05040,398
2020-08-234,73537,8775,06440,510
2020-08-224,73537,8775,06440,510
2020-08-214,74637,9725,07640,611
2020-08-204,74437,9535,07440,592
2020-08-194,84838,7875,18541,484
2020-08-184,85338,8215,19041,520
2020-08-174,72737,8205,05640,449
2020-08-164,74037,9185,06940,554
2020-08-154,74037,9185,06940,554
2020-08-144,75938,0695,08940,715
2020-08-134,71737,7385,04540,362
2020-08-124,59836,7804,91639,332
2020-08-114,92939,4335,27242,174
2020-08-104,96239,6955,30742,454
2020-08-094,97339,7825,31842,548
2020-08-084,97339,7825,31942,548
2020-08-075,04640,3665,39643,172
2020-08-064,97239,7765,31842,541
2020-08-054,92839,4245,27142,165
2020-08-044,83438,6735,17041,361
2020-08-034,81038,4825,14541,157
2020-08-024,82138,5705,15641,251
2020-08-014,82138,5705,15641,251
2020-07-314,78538,2795,11840,940
2020-07-304,78438,2765,11740,937
2020-07-294,77338,1835,10540,838
2020-07-284,80038,4035,13441,073
2020-07-274,64137,1284,96439,709
2020-07-264,62837,0224,94939,596
2020-07-254,62837,0224,94939,596
2020-07-244,60436,8334,92439,394
2020-07-234,53736,2964,85238,819
2020-07-224,50936,0714,82238,579
2020-07-214,42335,3814,73037,841
2020-07-194,41535,3204,72237,776
2020-07-184,41535,3204,72237,776
2020-07-174,40135,2124,70737,660
2020-07-164,43235,4584,74037,923
2020-07-154,42935,4314,73737,894
2020-07-144,41535,3234,72237,779
2020-07-134,40735,2534,71337,703
2020-07-124,40635,2494,71237,699
2020-07-114,40435,2324,71037,681
2020-07-104,40935,2714,71537,723
2020-07-094,42235,3754,72937,834
2020-07-084,37835,0214,68237,456
2020-07-074,33934,7134,64137,126
2020-07-064,31834,5464,61936,948
2020-07-054,31834,5414,61836,943
2020-07-044,31834,5414,61836,943
2020-07-034,32134,5654,62136,968
2020-07-024,34634,7664,64837,183
2020-07-014,38835,1074,69337,548
2020-06-304,36034,8834,66337,308

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.

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