Gold Price in Bangalore on 16th Jan 2025
Currently, the Gold price in Bangalore is ₹7,234.3 per Gram for 24 carat and ₹5,919 per Gram for 22 carat. In January of 2025, which was the last time it had changed. Additionally, we would like to provide you with the most recent Gold price changes in Bangalore for your reference. You can also find the historical price of gold for the last 10 days and last year. Gold holds a special place in Indian culture, serving as a symbol of wealth, tradition, and security. In Bangalore, tracking gold prices is crucial for investors, jewellers, and buyers alike. Whether for weddings, festivals, or as an investment, gold remains a popular choice, making it essential to stay informed about current rates.
As of today, the gold rates in Bangalore for both 22-carat and 24-carat varieties are updated regularly to reflect the latest market conditions. Other cities may have slight variations in prices due to local demand and supply dynamics. For instance, Bangalore often sees competitive rates due to its vibrant jewellery market. Comparing these rates can help buyers make informed decisions.
Gold Price 18k Grams in Bangalore
GM | Today's Price | Yesterday's Price | Price Change |
|---|---|---|---|
1 | ₹5,919 | ₹5,877.8 | ₹41.2 |
10 | ₹59,190 | ₹58,778 | ₹412 |
100 | ₹5,91,900 | ₹5,87,780 | ₹4,120 |
Gold Price 22k Grams in Bangalore
GM | Today's Price | Yesterday's Price | Price Change |
|---|---|---|---|
1 | ₹7,234.3 | ₹7,183.9 | ₹50.4 |
10 | ₹72,343 | ₹71,839 | ₹504 |
100 | ₹7,23,430 | ₹7,18,390 | ₹5,040 |
24K /g Gold Price in Bangalore
Gold prices in Bangalore, like elsewhere in India, have seen fluctuations over the years. Factors such as global economic conditions, currency exchange rates, and domestic demand impact these changes. Historical data shows that gold prices tend to rise during festivals like Diwali and Akshaya Tritiya when buying gold is considered auspicious. Understanding these trends can help investors plan their purchases strategically.
GM | Today's Price | Yesterday's Price | Price Change |
|---|---|---|---|
1 | ₹7,892 | ₹7,837 | ₹55 |
10 | ₹78,920 | ₹78,370 | ₹550 |
100 | ₹7,89,200 | ₹7,83,700 | ₹5,500 |
Gold Price History in Bangalore
In recent months, gold prices have shown notable volatility, driven by global economic uncertainties, inflation concerns, and fluctuations in the value of the Indian rupee. Prices surged during the festival season, particularly in October and November, reflecting increased demand for gold jewellery. However, by December, rates stabilised slightly, though they remained elevated compared to mid-year levels. The ongoing economic conditions, including central bank policies and geopolitical events, have kept gold as a preferred investment, maintaining its status as a hedge against inflation and economic instability.
Date | 18 Carat | 22 Carat | 24 Carat |
|---|---|---|---|
2025-01-14 | ₹58,778 (7) | ₹71,839 (9) | ₹78,370 (10) |
2025-01-13 | ₹58,785 (180) | ₹71,848 (220) | ₹78,380 (240) |
2025-01-12 | ₹58,965 (7) | ₹72,068 (9) | ₹78,620 (10) |
2025-01-11 | ₹58,958 (0) | ₹72,059 (0) | ₹78,610 (0) |
2025-01-10 | ₹58,958 (173) | ₹72,059 (211) | ₹78,610 (230) |
2025-01-09 | ₹58,785 (345) | ₹71,848 (421) | ₹78,380 (460) |
2025-01-08 | ₹58,440 (142) | ₹71,427 (174) | ₹77,920 (190) |
2025-01-07 | ₹58,298 (278) | ₹71,253 (340) | ₹77,730 (370) |
2025-01-06 | ₹58,020 (98) | ₹70,913 (120) | ₹77,360 (130) |
2025-01-05 | ₹58,118 (8) | ₹71,033 (10) | ₹77,490 (10) |
Factors Affecting Gold in Bangalore
Several factors influence gold prices in Bangalore:
Global Economic Factors: International gold demand, the strength of the US dollar, and geopolitical tensions often drive price fluctuations.
Local Demand: Festivals, weddings, and seasonal buying habits in Maharashtra contribute to local price variations.
Inflation and Currency: As a hedge against inflation, gold prices generally rise when inflation increases or when the rupee weakens against the dollar.
Gold Investing Strategies in Bangalore
Investing in gold can be done through various means Bangalore:
Physical Gold: Traditional forms like jewellery, coins, and bars.
Modern Investments: Digital gold, Gold ETFs, and Sovereign Gold Bonds offer convenience and security.
For residents of Bangalore, blending traditional and modern investment strategies can maximise returns while minimising risks. For instance, during peak festive seasons, purchasing digital gold might offer better prices compared to physical gold.
Future Gold Price Predictions
Investing in gold can be done through various means Bangalore:
Experts predict that gold prices in Bangalore will continue to rise in the long term, driven by inflation and global economic uncertainty. Short-term fluctuations are expected, but for those looking to invest, the current environment may present a good buying opportunity, particularly before major festivals.
Monitoring gold prices is essential for anyone looking to invest or purchase gold in Bangalore. With the state’s unique economic landscape and cultural practices influencing prices, staying informed can lead to smarter decisions.
Gold price in Bangalore vary due to change in local demand, transportation costs, and market competition among jewellers. Current 22k Gold price in Bangalore is ₹5,919 Per Gram and for 24k Gold it is ₹7,234.3 Per Gram.
22-carat gold contains 91.6% pure gold, making it ideal for jewellery, while 24-carat gold is 99.9% pure and typically used for investments.
While gold rates today are generally similar across Bangalore, jewellers may offer slightly different rates due to factors like making charges and local competition.