Bangalore is one of India’s most fast-paced cities that contributes significantly to the gold demand as people prefer to buy gold for various personal and investment purposes. Furthermore, apart from buying and selling gold based on the gold price in Bangalore, they also utilise it to attain a gold loan. However, as the gold price fluctuates, you must perform every gold-related transaction after checking the price of gold in Bangalore that day.

Gold Price in Bangalore for 22K and 24K Gold Purities

22 Carat Gold Price Per Gram in Bangalore - (Today & Yesterday)

If you're planning for gold investment, check and compare 22 carat gold rate in Bangalore. Consider taking look at the following information given below:

Gram Today Yesterday Price Change
Gold rate for 1 gram ₹ 7,080 ₹ 6,985 ₹ 95
Gold rate for 10 gram ₹ 70,800 ₹ 69,850 ₹ 950
Gold rate for 12 gram ₹ 84,960 ₹ 83,820 ₹ 1,140

Today 24 Carat Gold Price Per Gram in Bangalore - (Today & Yesterday)

Now you can compare the 24K gold rate per gram in Bangalore. Check the following table as given below:

Gram Today Yesterday Price change
Gold rate for 1 gram ₹ 7,724 ₹ 7,620 ₹ 104
Gold rate for 10 gram ₹ 77,240 ₹ 76,200 ₹ 1,040
Gold rate for 12 gram ₹ 92,688 ₹ 91,440 ₹ 1,248

Disclaimer: IIFL Finance Limited (including its associates & affiliates) ("IIFL") makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are subject to change and are provided on an as-is basis with no guarantees of completeness, accuracy, usefulness or timeliness and is without any warranties of any kind, express or implied. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. IIFL accepts no liability or responsibility for any errors or omissions in the content stated herein and under no circumstances shall IIFL be liable for any damage, loss, injury or disappointment suffered by any reader.

Historical Gold Rate in Bangalore For The Last 10 Days

Day 22K Pure Gold 24K Pure Gold
12 Apr, 2024 ₹ 7,080 ₹ 7,724
10 Apr, 2024 ₹ 6,985 ₹ 7,620
09 Apr, 2024 ₹ 6,926 ₹ 7,556
08 Apr, 2024 ₹ 6,910 ₹ 7,538
05 Apr, 2024 ₹ 6,748 ₹ 7,362
04 Apr, 2024 ₹ 6,795 ₹ 7,413
03 Apr, 2024 ₹ 6,739 ₹ 7,352
02 Apr, 2024 ₹ 6,685 ₹ 7,293
01 Apr, 2024 ₹ 6,692 ₹ 7,301
28 Mar, 2024 ₹ 6,484 ₹ 7,073

Monthly and Weekly Trends of Gold Rate in Bangalore

The demand and supply determine the monthly and weekly trends in the gold rate in Bangalore. Since these factors are dynamic and change regularly, the historical gold prices over time can help you understand the trend over the past week and month. However, the gold demand has been rising steadily in Bangalore, showing a positive movement.

Gold Price Calculator in Bangalore

Gold should be minimum 0.1 grams

Gold value: ₹ 7,080.00

What is the Current Trend in Gold Price in Bangalore?

You can determine the current trend in the gold rate in Bangalore on any given day by looking at the current gold rate and comparing it with the past rates. If the current gold rate in Bangalore is higher than the past rate, it indicates that the current trend is positive. However, if the current gold price is lower than the past rate, it suggests negative movement.

Importance of Checking Gold Rates in Bangalore before Buying

The gold rate in Bangalore depends on dynamic factors that result in a fluctuating gold price. If you want to buy or sell gold in Bangalore, it is essential to check the per-gram gold rate in Bangalore before making any transaction to attain the maximum value for your gold.

Factors that Affects the Gold Prices in Bangalore

Like other Indian cities, the gold price in Bangalore also fluctuates frequently, as it depends on numerous external factors. These aspects include the following:

  1. Demand and Supply: The gold price will rise if the demand for gold is higher than the supply. However, if the demand for gold is lower than the supply, its price will fall.
  2. Currency Markets: The gold rate in Bangalore and the domestic market is associated with the currency markets, especially the US dollar rate. If the US dollar weakens, the gold rate in Bangalore falls because of weak global cues.
  3. Interest Rates: The prevailing interest rates in India also affect the price of gold in Bangalore as they have an inverse relationship with gold prices. If the interest rates fall, the gold price in Bangalore will rise and vice versa.

How to Calculate Gold Price in Bangalore?

The gold price in Bangalore determines the price at which individuals can buy and sell gold in the domestic market. However, before buying or selling gold in Bangalore, you must know how to calculate the gold price in Bangalore based on its current value. Listed below as the two methods to calculate the gold price and their formulas:

  1. Purity Method (Percentage): Gold value = (Gold’s purity x weight x gold rate) / 24
  2. Karats Method: Gold value = (Gold’s purity x weight x gold rate) / 100

You can also calculate the rate of gold in Bangalore based on external factors such as the demand and supply, international price and the purity of the gold. Apart from buying and selling gold in Bangalore, you can also use these methods to know its value before applying for a gold loan.

Reasons Why Gold Rates Differ Between Bangalore and Other Cities

The gold rate in Bangalore also differs from other Indian cities owing to various dynamic factors. Here are the common reasons that result in the different gold prices in Bangalore:

  1. Margin:The jewellers in Bangalore levy a margin over the import price of gold from international markets. As this margin varies, the gold price differs in Bangalore as well.
  2. Volume:The volume of bought and sold gold by the citizens of Bangalore differs from other cities as it may be higher or lower. The higher the volume of demand for gold, the lower its price and vice versa.

Gold Rates in Bangalore FAQ’s

Show More

Gold Loan Popular Searches

IIFL Insights

How To Get The Lowest Gold Loan Interest Rate
Gold Loan How To Get The Lowest Gold Loan Interest Rate

While seeking a gold loan, a crucial factor is th…

GST on Gold: Effect of GST On Gold Jewellery 2024
Gold Loan GST on Gold: Effect of GST On Gold Jewellery 2024

Gold is more than a cultural symbol in India; it…

How can I get a  Loan against Diamond Jewellery?
Gold Loan How can I get a Loan against Diamond Jewellery?

Diamonds, they say, are forever! World over, diam…

A Guide to store your Gold the right way
Gold Loan A Guide to store your Gold the right way

Investing in precious metals, such as gold, is a…