Gold Rate in Karnataka

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

Gram 24 Carat Gold Yesterday24 Carat Gold Today Daily Price Change
1 Gram Rs 2946.00Rs 2960.00
8 Gram Rs 23568Rs 23680
10 Gram Rs 29460Rs 29600
100 Gram Rs 294600Rs 296000

Last Update on 23rd Aug 2017

 

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

Gram 22 Carat Gold Yesterday22 Carat Gold Today Daily Price Change
1 Gram Rs 2758.00Rs 2772.00
8 Gram Rs 22064Rs 22176
10 Gram Rs 27580Rs 27720
100 Gram Rs 275800Rs 277200

Gold Rate in Karnataka

What is the importance of gold in Karnataka?

Home to the famous Kolar Gold Mines, Karnataka exhibits a unique reverence towards Gold. Considered to be a sacred metal all through the Indian subcontinent, it is especially in Karnataka that gold is viewed with utmost veneration and forms an integral part of all special occasions such as weddings and religious festivals. Exchange of gold is a must on occasions such as Diwali, Akshaya Tritiya and Dussehra.

How do people in Karnataka buy gold?

Karnataka is the host to several jewelers and gold traders who are renowned throughout the country. They are responsible for molding the yellow metal according to the latest trends into various designs ranging from traditional to modern. Gold coins and gold bars are also very commonly given gifts to friends and family members on special occasions and events.

What does the price of gold in  Karnataka depend on?

Today’s gold rate in Karnataka depends on the global factors such as the international price of gold and the dollar-rupee exchange rate as well as internal factors such as the central bank’s monetary policies and the import duties on gold. The gold rate in Karnataka fluctuates with changes in these factors and is quite volatile. Hence one has to be watchful of the prices of gold in Karnataka, accumulate at the dips and sell at the highs.

Gold Rate in Karnataka for Last 10 Days

Year
STANDARD GOLD 22K
1 GRAM 10 GRAM
PURE GOLD 24K
1 GRAM 10 GRAM
23 August 2017 Rs. 2772.00 Rs. 27720 Rs. 2960.00 Rs. 29600
22 August 2017 Rs. 2758.00 Rs. 27580 Rs. 2946.00 Rs. 29460
21 August 2017 Rs. 2759.00 Rs. 27590 Rs. 2947.00 Rs. 29470
20 August 2017 Rs. 2759.00 Rs. 27590 Rs. 2947.00 Rs. 29470
19 August 2017 Rs. 2779.00 Rs. 27790 Rs. 2967.00 Rs. 29670
18 August 2017 Rs. 2779.00 Rs. 27790 Rs. 2967.00 Rs. 29670
17 August 2017 Rs. 2748.00 Rs. 27480 Rs. 2936.00 Rs. 29360
16 August 2017 Rs. 2771.00 Rs. 27710 Rs. 2959.00 Rs. 29590
15 August 2017 Rs. 2771.00 Rs. 27710 Rs. 2959.00 Rs. 29590
14 August 2017 Rs. 2783.00 Rs. 27830 Rs. 2971.00 Rs. 29710

Karnataka Gold Rate Trend in Last 3 Month

Gold Rate in Karnataka

Karnataka is the parent state of India’s largest gold mines - the Kolar Gold Mines. Therefore, for obvious reasons, Karnataka is very involved in the buying and selling business of gold. Gold is an essential part of the festivities in Karnataka.

Storing and Importing of Gold in Karnataka

Today gold price in Karnataka affects the buying patterns of this precious metal here. From weddings to auspicious festivals, exchange and offering of gold is an important part of the rich culture of Karnataka. Karnataka is the home to several gold traders and jewelers.

The demand for gold in Karnataka is mainly during the wedding season and during important festivals like Diwali, Dussehra, Dhanteras, etc. People in this state are very fond of wearing gold jewelry, and hence, this precious yellow metal is molded and designed very intricately to suit the taste of the people here. Besides jewelry, gold coins and gold bullion are also considered as auspicious gifts in Karnataka.

Gold Price Movement in Karnataka

Gold is traded in Karnataka as not just jewelry but also as an investment. Since gold price in Karnataka has always been on the rise, gold is a safe asset to dodge inflation.

Gold as an Investment in Karnataka

The following are the two ways of buying gold in Karnataka:

Retail buying of gold

Retail buying of gold in Karnataka can be done either through jewelry stores or banks. You can do this both online and offline. Gold can be bought in the form of jewelry or gold bullion.

Wholesale buying of gold

Wholesale buying of gold in Karnataka is not allowed by the government except for smaller quantities.