Today Gold Rate per Gram in Bangalore

Before venturing out to sell your gold, you must know and understand today’s gold rate per gram in Bangalore. Since the prices are dynamic, researching the rates on the day of the transaction is imperative.

Gold Rate in Bangalore in last 12 months

Last 12 Months Highest Gold price (24 karat) Lowest Gold price (24 karat)
November 2022 Rs.5,445 Rs.5,163
October 2022 Rs.5,347 Rs.5,166
September 2022 Rs.5,247 Rs.5,207
July 2022 Rs.5,396.5 Rs.5,172
June2022 Rs.5,352 Rs.5,214
May 2022 Rs.5,343 Rs.5,179
April 2022 Rs.5,537 Rs.5,319
March 2022 Rs.5,140 Rs.5,380
February 2022 Rs.5,145 Rs.4,877
January 2022 Rs.4,982 Rs.4,835
December 2021 Rs.4,961 Rs.4,830
November 2021 Rs.4,998 Rs.4,830

Factors Affecting Gold Rate in Bangalore?

Gold rate in Bangalore is affected by several domestic and international factors including crude oil prices and economic conditions. Here are some of them in detail:

  1. Inflation: Market fluctuations are an intrinsic factor in deciding the gold price in Bangalore. As the demand increases, the price of gold in Bangalore, like the rest of India, rises according to the rate of inflation.
  2. Gold Reserves: The Reserve Bank of India holds gold reserves in the country. An influx in gold reserves is an indicator of an increased inflow of cash in the domestic market. This affects the price of gold in Bangalore significantly.
  3. Gold Market: Indians have a history and tradition of investing in gold jewellery, coins, etc. This causes heavy shifts in the demand and supply of gold, affecting its price. For example, during the wedding season, the demand for gold is high, so the price increases if the supply is short.

Various Gold Investment Options Available in Bangalore

There are several ways of investing in gold in Bangalore. They are:

  1. Investing in Gold Jewellery: Investing in gold jewellery is an age-old tradition in India. They become great gifts and offer extensive financial security to the buyer. Since gold prices are always on the rise and require minimal maintenance, buying gold jewellery is considered to be a great investment option.
  2. Investing in Gold Coins or Gold Bars: Investing in gold jewellery is a popular option, but many prefer investing in gold coins or bars instead. This option saves them from making charges which are applicable to gold jewellery. But customers should ensure to buy gold bars and coins only from reputed jewellers or registered banks.
  3. Investing in Gold ETF: Gold ETF or Exchange Traded Fund is a type of mutual fund which gives the customers the freedom to invest in gold in small quantities, or as per requirement. Gold ETFs can be sold anywhere in India with complete transparency at nominal charges.

How to Calculate Gold Rate in Bangalore?

A committee or an association in Bangalore decides the prevailing gold rate for the day. The members of such a committee are the top jewellers and traders of gold in Bangalore. The gold price is decided upon several factors such as local tariffs, duties, etc. If the government raises the duties and tariffs, the price of gold in Bangalore rises and vice versa. The government levies such duties to curb excessive consumption and maintain an equilibrium in the demand and supply of gold in the market.

How to Sell Old Gold Jewelry for Cash in Bangalore?

Muthoot Gold Point offers a convenient and transparent platform for its customers to sell their gold for instant cash. Selling gold jewellery with Muthoot Gold Point involves the following steps:

Step 1: Customers visit their nearest Muthoot Gold Point branch and get their gold evaluated.

Step 2:The gold jewellery is cleaned thoroughly with ultrasonic machines to remove any dirt. This process is done in front of the customer.

Step 3: The value, weight and purity of gold is checked on XRF machines before the customer.

Step 4: Based on the value, weight and purity of the gold, it is evaluated as per the current market rate of gold in Bangalore.

Step 5: If the customer is satisfied with the evaluation, they can hand over the gold to the representative. Muthoot Gold Point offers instant cash up to Rs 10000. If the amount is above Rs 10,000, the amount is transferred to the customer’s bank account.

Browse Gold Rate in Other Locations: Gold Rate in Vijayawada, Gold Rate in Trichy, Gold Rate in Indore, Gold Rate in Madhya Pradesh, Gold Rate in Andhra Pradesh, Gold Rate in Coimbatore, Gold Rate in Vizag, Gold Rate in Ahmedabad

Vidya Balan with Muthoot Gold Point
Muthoot Gold Point Logo

The Muthoot Pappachan Group, with a reputation that has been shaped over decades with high quality practices, total customer satisfaction and steady growth, spanning decades in the field of business, is a legacy built on God-given values of trust, truth, transparency and tradition and has become one of the top business houses today by the grace of God.

More then 4,200 Branches across India

Over 4,200 Branches across India

132 + years of Legacy

133+ years of legacy

Over 24,000 Employees Serving Millions of Customer

Over 24,000 employees serving millions of customer

Walk in of over 1,00,000 Customers Per Day

Walk in of over 1,00,000 customers per day

Sachi Jonega Testimonials on Muthoot Gold Point

My mother and I have sold some very old gold over the past few months to three different organizations. One was a branch of an old established famous Jeweller in Mumbai while two were only buyers of gold. Of these, our experience with Muthoot Gold Point has been by far the best. We were impress.. আরও পড়ুন

SACHIN JONEJA

Vijay Sharma Testimonial on Muthoot Gold Point

আমি আমার বাড়ি নির্মাণের জন্য কিছু গহনা বিক্রি করতে চেয়েছিলাম - আমার ঠিকাদার আমাদের প্রতারণা করেছিল। আমি একটি সরকারী বাসে এমজিপি বিজ্ঞাপনটি দেখলাম এবং আমার খুব প্রয়োজন হওয়ায় তাদের সাথে দেখা করার সিদ্ধান্ত নিই। আমার এর আগে সোনা বিক্রি করার অভিজ্ঞতা ভাল ছিল না। তবে, এমজিপি-র বিক্রয়কর্মীরা বসে ত.. আরও পড়ুন

বাসবারাজু

Shri Narayan Testimonials on Muthoot Gold Point

আমি কখনই মুথুট গোল্ড পয়েন্টকে ভুলতে পারিনা। আমি যদি সঠিক সময়ে এমজিপি সম্পর্কে জানতে না পারতাম তবে আমাকে হয়ত সবকিছু হারাতে হতে পারত। পরিবার এবং ব্যবসার ক্ষেত্রে, যখন আপনার সবচেয়ে বেশি প্রয়োজন হয় তখনই আপনার কাছে অর্থ কম থাকে। এইসময়ে, যদি আপনার জমি, বাড়ি বা রুপো ও সোনা বিক্রি করার সুযোগ থাকে ত.. আরও পড়ুন

শ্রীনারায়ণ

আমি আমার বড় ছেলের ইঞ্জিনিয়ারিং কলেজের জন্য গত বছরের ফি দিতে চেয়েছিলাম, কিন্তু আমার কাছে পর্যাপ্ত টাকা ছিল না। আমার স্ত্রী আমাকে বছরের পর বছর ধরে যেসমস্ত রৌপ্যমুদ্রা এবং সোনার গহনা সংগ্রহ করেছিলেন তা বিক্রি করতে বলেছিলেন। আমরা স্থানীয় কয়েকটি দোকানে যাই আর অত্যন্ত হতবাক হয়ে যাই- ওরা সোনার মূল্যের.. আরও পড়ুন

বিজয় শর্মা

Amar Singh Testimonial on Muthoot Gold Point

আমার বাবার যখন জরুরি বাই-পাসের দরকার হয়েছিল তখন আমি আমার সমস্ত গহনাগুলি সরাসরি এমজিপিতে নিয়ে গিয়েছিলাম। আমি এর আগেও তাদের সাথে ডিল করেছি। চার বছর আগে আমার পার্লার স্থাপনের জন্য তাদের কাছ থেকে আমি প্রথমবার ঋণ নিয়েছিলাম। ভাগ্যক্রমে, আমি টাকাটি শোধ করতে এবং আমার সোনাও ফিরে পেয়েছিলাম। ডাক্তার আমাক.. আরও পড়ুন

অমর সিং

Frequently Asked Questions


1. What is the Gold Rate in Bangalore?

Gold rate in Bangalore is dynamic and changes every day. You can reach out to our representative to know the rate for 22carat gold in Bangalore.

2. What is the Price of KDM 916 Gold in Bangalore Today?

916 Hallmarked gold jewellery means that the gold has a 91.6 percent purity. This is the highest level of purity available for gold since it is required to be mixed with alloy. You can check the rate of KDM 916 gold in Bangalore above.

3. What is the Price of 1 Gram Gold in Bangalore Today?

The rate of 1 gram gold in Bangalore is subject to change every day. Our representative can help you know the gold price per gram in Bangalore.

4. What should I look for when selling gold jewelry in Bangalore?

It is important to check the day’s prevailing gold price per gram in Bangalore before selling jewellery.

5. Is It Wise to Invest in Gold in Bangalore?

Yes, investing in gold is a wise option. Gold is a historically preferred investment option in Bangalore. It is easy to invest and liquidate. Gold owners can easy walk up to a gold trader and exchange it for cash without any hassles. It has strong sustenance against inflation and is a great investment option for wealth creation.

6. What is the Last 10 Days' Price of 1 Gram Gold in Bangalore?

Please reach out to our customer care representative to know the gold rate in Bangalore for the last 10 days.

7. How to Check the Purity of Gold in Bangalore?

Here are the things you must do to check the purity of Gold in Bangalore:

  1. Free purity testing of your to ensure you get the best gold rate in Bangalore for today.
  2. The processes are 100% transparent and trustworthy
  3. Ensure that the buyer is using ultrasonic machines to clean the ornaments

8. Will Gold Price Go Down in Bangalore in 2021?

There is no guarantee that the gold price per gram in Bangalore will either increase or decrease in 2021. Since it depends on several domestic and international factors, the gold rate keeps fluctuating. Therefore, you must check the gold rate of the day before buying or selling gold.

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