Gold Rate in Bangalore

6th Dec 2019

38,240.00

Today MCX gold price in rupees per 10 grams.

Today gold price in Bangalore is 38240 rupees per 10 grams
(10 grams = 1 tola gold)

22 Carat Gold
Rs. 36460
24 Carat Gold
Rs. 38240

22 Carat & 24 Carat Gold Rate in Bangalore Per Gram (INR)

  22-Carat 24-Carat Change(%)
Yesterday 3646.00 3824.00 0 %
Today 3646.00 3824.00 0 %

Today 24 Carat Gold Price per gram in Bangalore (INR)

Gram 24 Carat Gold Yesterday24 Carat Gold Today Daily Price Change
1 Gram Rs 3824.00Rs 3824.00
8 Gram Rs 30592Rs 30592
10 Gram Rs 38240Rs 38240
100 Gram Rs 382400Rs 382400

Today 22 Carat Gold Price per gram in Bangalore (INR)

Gram 22 Carat Gold Yesterday22 Carat Gold Today Daily Price Change
1 Gram Rs 3646.00Rs 3646.00
8 Gram Rs 29168Rs 29168
10 Gram Rs 36460Rs 36460
100 Gram Rs 364600Rs 364600

Today Gold Rate in Bangalore

Gold rate in Bangalore has seen a slow up rise in gold price than ever before, being a very popular commodity among Indians. There has been a great demand for it thus a steady increase in gold rate in Bangalore. The gold price in Bangalore today is well above Rs. 2,700 for one gram of gold, marking a profit in the industry. The gold rates of Bangalore are set by the international standards. The purchase of gold in this city is primarily for the making of jewelry and ornaments, which follows the trend of the entire country as a whole. Indians have a great history of investing their gold as a way of banking. Thus, gold acts as means of investment for consumers in Bangalore. In addition to this all, there are a number of gold dealers in Bangalore who form the backbone of the local gold industry.

22 & 24 Carat Gold Rate in Bangalore for Last 10 Days

Year
STANDARD GOLD 22K
1 GRAM 10 GRAM
PURE GOLD 24K
1 GRAM 10 GRAM
06 December 2019 Rs. 3646.00 Rs. 36460 Rs. 3824.00 Rs. 38240
05 December 2019 Rs. 3646.00 Rs. 36460 Rs. 3824.00 Rs. 38240
04 December 2019 Rs. 3646.00 Rs. 36460 Rs. 3824.00 Rs. 38240
03 December 2019 Rs. 3646.00 Rs. 36460 Rs. 3824.00 Rs. 38240
02 December 2019 Rs. 3646.00 Rs. 36460 Rs. 3824.00 Rs. 38240
01 December 2019 Rs. 3645.00 Rs. 36450 Rs. 3823.00 Rs. 38230
30 November 2019 Rs. 3645.00 Rs. 36450 Rs. 3823.00 Rs. 38230
29 November 2019 Rs. 3645.00 Rs. 36450 Rs. 3823.00 Rs. 38230
28 November 2019 Rs. 3645.00 Rs. 36450 Rs. 3823.00 Rs. 38230
27 November 2019 Rs. 3645.00 Rs. 36450 Rs. 3823.00 Rs. 38230
26 November 2019 Rs. 3645.00 Rs. 36450 Rs. 3823.00 Rs. 38230

Comparison of 22 K & 24 K Gold Rates in Bangalore

Historical Price of Gold Rate in Bangalore

Gold Price in Bangalore

Bangalore also called as Bengaluru, is the capital of India's southern state Karnataka. Being a cosmopolitan city of India and a highly progressive city, the current gold rate in Bangalore has seen a remarkably steady rise. The gold rate in Bangalore today per gram in rupees stands at Rs.2,738.90 with a Rs.8.80 price change from yesterday's rate.


How are Gold Rates Decided?

The Malabar gold rate in Bangalore is decided by international trends and affected by a wide range of influential factors, including the strength of Indian rupee to seasonal demand of gold. Gold purchased in Bangalore is primarily used for jewellery because in India gold jewellery plays a prime role in most of the occasions.

The twenty-two carat gold rate in Bangalore today has witnessed a gradual rise over the course of the year 2017 and is on an inclining trend. So, if you are looking out for a valuable investment, gold can be a great option for you.


How do Gold Traders Determine Future Gold Prices in Bangalore?

Today’s gold rate in Bangalore is not determined by a single factor. There are various factors that lead to price variations. However, the investors take into consideration few parameters to predict gold prices in Bangalore:

  1. Gold Related News: Investors check the news for today’s gold rate in Bangalore every day for any price fluctuation due to global market fluctuations.  The gold rates in Bangalore are also changed as the market fluctuates. By following gold related 0news on our site you can also stay updated about any changes in the current gold rate in Bangalore and the reasons for any change.
  2. Prices of Other Valuable Metals: Bangalore gold rates are also influenced by the prices of other precious metals. So, investors also follow the rate of other metals in the city. You can check today's gold rate in Bangalore and other cities online.
  3. Rupee Foreign Exchange Rate: Fluctuations in the rupee rates also affect gold prices in Bangalore because the rupee exchange rate shows the impact of imports and exports on our currency. So the exchange rate plays an important role in deciding the gold prices in Bangalore.

What Leads to the Increment of Gold Rates When the Stock Market Falls?

Bangalore investors usually rely on gold when no other investment option works. When the stock market falls, investors start pulling their money out. Some investors also park their money in fixed deposits or invest in other precious metals like gold and silver as a safe investment option.  

Investors across the world rely on Gold as a safe and fruitful investment option. Gold’s value does not diminish after a certain point that makes it popular with the investors. But the stock market keeps on fluctuating, and the value of stocks goes up and down due to various factors.


Impact of GST on Gold Rate in Bangalore

There has been a lot of ebb and flow in the gold rate, especially after the enactment of Goods and Service Tax (GST) in India. Along with international trends, the advent of GST has also reflected on the gold rate in Bangalore as well.  This means the taxation on gold jewelry is now 3%, which is exclusive of the 1.5% VAT, which was levied earlier, along with 1% excise duty.  After GST, the taxation has been streamlined, the final jewelry bills are now inclusive of 3% GST, custom duty of 10% and processing charges are imposed as 5%. 

This has increased the total cost by 1.6%, leading to a marginal increase in gold rate in Bangalore today, but this has not affected the sales much. Big players in the gold industry are benefitting from it, as it has neutralized both the organized and unorganized sector. Customers can now purchase from small and big dealers, at the same price, as it has reduced the drastic gap between the two.


Impact of Central Bank Policies on Bangalore Gold Rate?

The Central bank regulates the financial and banking services of a country and also executes the government's issuing currency and monetary policies. Gold rate in Bangalore and anywhere in the country are based on the Central Banks' monetary policy. All the policies regulate by the central bank and its actions are key drivers in setting the gold prices. Gold mining companies and banks also manipulate the gold prices as they have huge gold reserves with them.

Gold price in Bangalore also get affected when the banks buy or sell gold, or the mine owners decrease or increase the production of gold. When the central bank's gold reserves start depleting against their holding they buy/demand more gold. And this influences the Bangalore gold rate as well.

Central Bank's Intervention and Gold Price Bangalore

Bangalore gold prices today are dependent on a lot of factors and one of the major factors is the procurement of gold by the central banks across the world. For instance, the Reserve Bank of India has substantial gold reserves and has been accruing the same in the past. But these central bank purchases did not have a good impact across the globe. In 2018, Central banks’ global gold demand mounted to a multi-decade high of 651t. Indian Central Bank demand was also notable in 2018 and the total gold reserves increased by 40.5t.

Gold in the past has had incredible support from central banks across the world show incredible support to the precious metal, which leads to a substantial increase in the purchase of the gold metal.

When these institutions showcase support to the metal, it increases the demand. Central banks decide with their central governments as to how much gold they should purchase.

This, in turn, impacts the overall prices, and also the current gold rate in Bangalore. As the purchase of the precious metal increases, there is a greater possibility of the gold price in Bangalore to rise as well. In contrast, once the gold is sold, the prices tend to drop. And Central banks across the world hold the right to boost these reserves or vice versa.

Well, as a buyer you should not worry much about these policy decisions, as they may tend to change as per the demand, and you may benefit from the same. Moreover, the attitude of the Central bank of India rarely has any consequence on gold rates. Therefore, you don’t need to fret much.

The reason being the biggest gold ETFs that are the biggest influencers of gold prices today in the country. ETFs have replaced the central banks, which earlier had a great impact on gold prices today, the prices vary significantly with some large scale selling and buying. You can simply check today's gold rate in Bangalore before making the purchase.


Is it a Good Investment?

Investing in gold will greatly diversify your risk profile and your investment portfolio. Investment in Gold has most of the time yielded good returns in the long run, due to its steady increase in price. So, it is definitely worthwhile to consider investing in gold in Bangalore.


Gold as an Investment in Bangalore

The investment portfolio of gold is distinguished for its stability. Indians believe in investing in gold for the long term benefits, which they get in the form of returns. Bangalore is considered to be a safe haven to invest in gold jewelry, ornaments, gold coins or bullions, as people here view it as an important investment to keep their wealth intact. It is widely used for multi commodity exchange as well.

There are several jewelry stores in Bangalore, where you can buy genuine gold products for investment, as well as personal use. But before making the purchase, it is advisable that you do some online research to know about gold price today in Bangalore, so that you make an informed decision. The gold prices keep on fluctuation every day, so you need to check on that particular day as well.

Make sure that you get the purity certification from your vendor against the jewelry that you have purchased. This ensures that you have invested your money safely, and it is only possible to exchange certified jewelry on the current gold rate in India. Nonetheless, all the big players provide their customers with the same. You need to care about is, getting it from the small vendors as well. 


How Can You Make Gold Investments in Bangalore

When it comes to investing in gold, there are number of ways to do that. Either you can invest in gold coins or jewelry. Below mentioned are a few viable investment opportunities in gold - 

How about investing in gold coins? - You can either invest in a 22 karat gold coin or 24 karat gold coin. The purity level various though, its 92% if its 22 karat and 99.99% if it’s 24 karat.  You can make the purchase directly from banks or from any of the big or small stores or dealers in Bangalore. The purpose of buying a gold coin is either to gift during marriages or festivals, or to sell it once price rises higher than the price at which you bought it, to serve your investment requirements.

Purchasing Jewelry -  In India, people love to invest in gold ornaments and jewelry, as it serves the dual purpose of investment as well as gifts for your loved ones during festivals and marriages. The bride and groom are gifted many gold items, which they either wear on special occasions or use as investments later.  The market gold rate is the actual price of the metal, and if you buy jewelry, the jeweler will levy making charges or labor charges on it. Make sure that you buy certified jewelry, so you get the current exchange rate on your jewelry minus the making charges.

Gold bullions - Bullions are bigger in size as compared to gold coins. They are mostly purchased in kilograms. They are usually cast in the form of bars or slabs and are used to make high-value investments. They are purchased at the prevailing gold price in the city and are considered to be a great medium of investment, especially, if you want to get returns similar or higher than your investment cost.

Exchange Traded Funds - Investing in gold traded funds is a lucrative option to keep your money safe without needing to keep it with you.  You can easily exchange them for cash if you need some money on urgent basis.


Gold Schemes To Invest in Bangalore

Gold saving schemes work well for those who want to save money for bigger occasions like weddings, anniversary, and any other ceremony or occasion. There are various gold schemes in Bangalore to help you purchase gold. You can easily get them from some of the top jewelers in Bangalore. Though the interest rate on these schemes tend to change as per the interest rate, and the prevailing current gold rate in Bangalore.

You can check for discounts on the making charges while purchasing the precious metal. But do not expect a lot of freebies. The scheme will lock the money starting from the day when you invest in the scheme. Do check gold price today in Bangalore before investing in any such schemes.

It is advisable to invest in gold schemes as a purpose to accumulate gold for future purposes. Invest in any such scheme, not for investment purposes, but to buy physical gold at a later stage.


Gold in the Futures Market in Bangalore

If you want to invest in gold today, you can look at the futures market. The futures market for gold trading. Implies the ability to buy and sell the precious metal in the future. There is a difference between the physical gold market and futures gold market. The physical market involves buying and selling of gold in the physical form. A futures market is like an auction market where the participants buy and sell gold for delivery on a settlement date in the future. You can buy the requisite quantity of gold. You can open an account to trade in such markets and also seek the help of an authenticated reputed stock broker in India.

The account is opened at the MCX Multi Commodity Exchange of India Ltd (MCX). The best thing about the futures market is that you can buy small or large quantities of gold depending on your budget. It allows gold trading at a really small price for large quantities.

For instance, in the physical market, you would need to pay Rs. 28,000 for 10 grams of gold. But in the Futures market, you do not pay at once. It allows you to pay a margin requirement, and that can be as low as 10% or even lesser than that. You can start by paying Rs. 2,800 and still have larger exposure.

One thing you need to consider that it can be a risky scheme as the exposure in this mechanism is quite high. One needs to be cautious before buying one. Gold ETFs would be a better proposition as you can buy gold in a more transparent and cost-effective manner.


Are You Missing a Diversification Tool?

Often there is a misconception that stops people from purchasing gold and pushes them to invest in financial instruments like bonds, shares, FDs, etc. It is a good option to invest in diversified funds; however, looking at the gold rate today in Bangalore, it definitely a bad idea to not invest in gold. Shares have a risk factor attached, and by investing all your money in shares can lead to huge losses when the market falls.

On the other hand, when the equity market falls, gold prices tend to increase. For this reason, gold helps you to diversify your funds and mitigate the risk.

Gold investments will not give you dividends and there is heavy taxation part, unlike equities. But if you really want to make profits and to avoid market fluctuations you should also invest in gold. You can try investing in sovereign gold bonds and gold ETFs. This way you can easily buy and hold gold. You can also invest in government sovereign bonds but the returns are poor and it seems far more complicated.


Some Interesting Facts on Gold

Here is a quick rundown of the facts on gold that investors should know.

  • Gold never oxidants
  • Gold is softer than other metals and 1g of the precious metal can be easily beaten with a hammer.
  • Gold becomes very hard if it is alloyed with certain metals

Things to Consider Before Buying Gold Jewelry in Bangalore

Today gold rate in Bangalore is prone to a lot of influential factors, and before you make the purchase, it’s important to ascertain the factors listed below -

Purity - You simply can’t purchase gold without considering its purity factor. If you are purchasing jewelry or ornaments, it’s recommended to buy one, made using 22 karat gold i.e. 92% purity level. And if it’s a gold coin or bullion, you can go for 24 karat gold i.e. 99.99% purity level.  You can also purchase 14 karat gold jewelry with 58.33% purity level and 18 karat gold ornaments with 75% purity level.

Weight - The price of the gold jewelry is calculated on the basis of its weight.  If you add more stones to it, the weight will certainly increase and so will the cost. At the time of making the purchase, ensure that you are not charged unnecessarily by your dealer for the stones, at the same price as that of gold.

Certification - if you want to ensure the authenticity of your gold then make sure that your dealer gives you a purity certificate. The certificate allows you to exchange it in future at the current market price.

Labor Charges - Every jeweler includes jewelry making charges or labor charges in the total bill. This is the cost which goes into designing the jewelry. The labor charges would be added to the actual gold price in Bangalore, and that’s how your total jewelry cost would come out.

You just need to search online and note the gold price today in Bangalore, so that you can make an informed choice while doing the final purchase.


Factors that Influence Gold Prices in Bangalore

Factors influencing the gold prices in Bangalore are numerous. Listed below are a few of them -

  1. International market fluctuations are one of the most important factors influencing the price of gold around the country. If there is a rise in gold prices globally, then the price would increase correspondingly in Bangalore as well.
  2. As the value of rupee rises against other currencies, globally, gold prices decrease and vice versa. India imports gold from other countries. When the rupee appreciates, the government has to pay less to import it from other nations, and if it decreases, the government is liable to pay more. So, if there is a rise in the value of rupee, the gold prices in Bangalore would fall.
  3. The prices of gold in Bangalore, and in the entire country are certainly influenced by the upsurge in demand and supply during the festival season. Especially during Diwali season, wedding season, dhanteras and their like.

KDM and Hallmarked Gold in Bangalore

Hallmark - Hallmark jewelry refers to a quality certification as per the international standards of purity by (BIS) Bureau of Indian Standards This is based on the composition of metal which is used for alloying, and the purity levels of the gold used.  

KDM - 92% of gold is mixed with 8% of cadmium. This is how this alloy is formed. In the process of jewelry designing, older material is used, but the two metals i.e. gold and solder material have different melting points, so cadmium is now mixed with gold, that is why it is called KDM.


Gold Mining Firms in Karnataka

Here are the shortlisted ones:

  1. Bangalore Ceramics
  2. Labsil Instruments
  3. Timco Enterprises
  4. Devi Mineral Resource India Private Limited
  5. Mehta Dye Chem
  6. English Indian Clays Limited
  7. Raj Exports
  8. MM Enterprises
  9. Mysore Minerals Limited
  10. MSPL Limited

Understanding 916 Gold Price Today in Bangalore?

This is one of the most common questions and it can be difficult to get the answer. For instance, you need to study the global trend that largely determines 916 gold prices in Bangalore. It is further affected by currency fluctuation, of the USD against other currencies.

In India, 22 karat gold is termed as 916 gold. Today’s gold rate in Bangalore is affected by a number of factors including the rate of import duty. The lesser the import duty, the lesser will be the gold rate in Bangalore and vice versa. The gold price in Bangalore decrease when the government lessens the import tariff.

In addition to the local tariffs, there are numerous other factors that determine the Bangalore gold rate. Though every factor affecting the gold price in Bangalore cannot be mentioned by broadly speaking, the investors can put their money in gold when the current gold rate in Bangalore is low and can sell I when the gold rate in Bangalore goes higher.

However, gold prices in Bangalore have been quite volatile and additional volatility is expected when policies in different countries also remain volatile.

Check 22-carat gold rate in Bangalore today and when it is less, then you buy it to make a profit. Long story short, 916 gold prices will get influenced by different factors and not on a single factor.


Best Place to Buy Gold in Bangalore

Those who are looking to buy or invest in gold, you can check out different options.  Check todays gold rate in Bangalore online or in newspaper and then you can shop around from Dickenson Road. There are other shops at Chickpet, Jayanagar and also other parts of the city. Though, you can buy the precious metal from any place that is offering the best gold price in Bangalore today.

In fact, today's gold rate in Bangalore will also vary on the basis of the making charges. If you are lucky your jeweler can also offer you some discount or you can bargain to get some discount on the making charges.


Buying Digital Gold in Bangalore

You can buy gold in digital form, in bonds, and in physical form. All the ornaments, jewelry, and gold coins. Physical gold is usually purchased for personal usage and not for investment purposes. There are various charges that are levied on the physical gold such as wastage charges, making charges, etc. and these extra charges are a loss. Some investors prefer parking their money in bonds instead of physical gold. 

Digital gold is in the electronic form such as exchange-traded fund (ETF), and multi-commodity exchange of India. You can easily sell or buy gold during the trade hours.


Buying a Gold Loan in Bangalore

You can easily buy a gold loan against the gold you possess. The norms to buy a gold loan are not stringent as you buy it against your own gold and it gives assurance to the Gold Insurers.

But make sure that you have enough money to repay the amount. The gold insurance can confiscate the entire amount in case you fail to pay it back. And you would end up losing all the gold that you have pledged.

Usually, a gold loan is issued for a period of 11 months. There are a number of gold insurance companies and banks that can offer you gold loans. After comparing the rate of gold loans in Bangalore and across India you can buy it from a bank or an insurance provider.


What are the Advantages and Disadvantages of Sovereign Gold Bond Scheme

Advantages of Sovereign Gold Bond Scheme:

  1. Sovereign Gold Bond Scheme can be purchased in both Demat form and paper form
  2. The major benefit of such schemes are they are backed by the Government
  3. As you can keep it in digital form, you do not need to worry about its security unlike the physical gold
  4. Do not fret about gold’s purity as the bonds are in paper or electronic form
  5. There is an annual interest on Sovereign Gold Bond Scheme. Even if today’s gold rates in Bangalore drop and keep dropping you can still keep these schemes as you will earn fixed interest every 6 months.

Disadvantages of Sovereign Gold Bond Scheme:

  1. If the gold rate in Bangalore today drops after you make the purchase then there will be a capital loss of investment. And if you opt for a long term plan then you will not be affected by price fluctuations.
  2. And the procedure to switch your gold bonds into physical gold is quite tedious. And if you are planning to use the gold for personal requirements then investing in bonds might not work well. 

How to Get the Best Selling Price for Physical Gold in Bangalore?

Selling physical gold is not a simple task. It can be difficult to get the highest prices. To make it easier for you here is a quick rundown of instructions that you can follow if you planning to sell gold in Bangalore:

  1. Firstly, check the current gold rate in Bangalore for 22 karats or 24 gold. This will give you an idea of the amount that you would get for the gold you possess.
  2. Gold return price that you will get will vary on the basis of the place where you are selling it. You can always go to a known jeweler if you want to get the best rates.
  3. The rate of gold in Bangalore and in India is inversely proportional to USD and various other factors. It is suggested that you wait and sell it when you are getting a good rate in return.
  4. It is important to have an understanding of the history of gold to get the best gold price today in Bangalore. You can always study it and get an estimate to get the best value of the precious material. You need to know why gold rates in Bangalore vary.

Import of Gold into Bangalore

Usually, gold is imported by the banks who then sell it to the merchants who further sell it to the retailers. They are sold in gold bars for the purpose of ornament and jewelry making.

When the international rates increase, the gold import prices also increase, and that impacts the retail prices of gold, which is passed on to the customers. Importing in the futures market gives a better indication of what the gold price today in Bangalore look like.

For example, if you keep an eye on the todays gold rate in Bangalore, you can decide if you want to buy it or not as the shops open much later in the day. You can trade when you are getting the most suitable gold price in Bangalore.

You can purchase when the prices show stability and avoid when the rates are volatile. Importing gold is not a great idea as it is better to buy gold from a local jewelry shop. Retailers and merchants in Bangalore offer the best gold rates in Bangalore and the best quality of the gold.


Gold Vs. Mutual Funds

Companies launch mutual fund schemes after receiving money from different investors, which is then invested in bonds, different stocks, and securities.

Based on your requirement you can choose to invest in mutual funds or gold. It is important to know that every investment is subjected to market risks. Before you park your money or gold in some investment tool you need to understand how it works:

Mutual Funds Gold

Complicated

Less complicated

Greater market risk Involved

Based on global and few other factors it is easier to get a rough idea of the gold rates

Options to invest in Equity linked saving scheme (ELSS), Equity mutual funds, debt fund, liquid funds, etc.

Gold Funds and Gold ETFs

More opportunity cost

Less opportunity cost


Above all this, it is up to the investor’s requirement to decide and invest in either of them.


Latest News on Gold Rate in Bangalore

Gold Prices Set for Marginal Decline in Bangalore

The investors continue to believe in the power of the yellow metal, despite a marginal decline in the prices of gold in 2017. The precious metal was last seen trading at Rs. 26,500. The prices dropped by Rs 300 within a week. Also, the price of gold in Bangalore dropped to USD 1245 per ounce within a week, and soon witnessed a hike.

Gold rates in Bangalore were seen to be stable around Rs. 26,000 to Rs. 26,555. Even with the price decline, investors in Bangalore count on the precious gold metal for long term investment purposes. What made it a good purchase was the price stability between Rs 26,000 to Rs 27,000 during the year. The prices of gold continued to remain low; however in 2018, the gold rates are more likely to bounce.

Gold Rates Stable in Bangalore

The gold rates in Bangalore have risen more significantly than before. As of yesterday, the gold in Bangalore was traded at Rs. 27,000 per 10 gram of gold.

The gold rates in Bangalore are impacted by international market trends. Today, gold prices in Bangalore remain unchanged taking cues from the global market. Previously in the city, the gold prices were seen trading at Rs.26, 800 for 22 karat gold, and 24 karat gold was priced at Rs.29, 236.

In the global markets, gold rates also remained stable at USD 1,253.20 per ounce. Multi-Commodity Exchange saw a price increase of Rs.122. Gold prices in the domestic market of Bangalore city remained unchanged, as compared to the previous session. At present, the prices of 22 karat gold remained unchanged at Rs.26, 820 and Rs.29, 258 for 24 karat gold.

Gold Rates Little Changed in Bangalore

Earlier in Bangalore, 22 karat gold was seen trading at Rs.26, 850 and Rs.29, 290 for 24 karat gold. The global market rates influence the gold prices in Bangalore and due to this gold rates have changed a little in the city in the last few weeks. As the dollar stood strong in the international markets, the prices have significantly fallen in the last 10 days. As on Nov 28, 2017, the price of 24 karat gold in Bangalore traded at its highest at Rs. 30,043, whereas 22 karat gold traded highest at Rs.27, 540. As on Dec 09, 2017, the prices traded at the lowest: Rs.29, 290 for 24 karat and Rs.26,580 for 22 karat gold.

As on Jan 04, 2018, the gold prices in Bangalore have changed a little. 22 karat gold is currently traded at Rs. 26,550 and 24 karat is now traded at Rs.28, 963.