- gold rate in bangalore
Gold Rate Today in Bangalore
₹ 74,810.00
LIVE1,730.00 (2.37%)
Gold Rates in Grams
10 Grams
24K Gold rate ₹74,810.001,730.00(2.37%)
22K Gold rate ₹69,930.002,600.00(3.86%)
Today's Gold Price in Bangalore
Gold has long been considered a reliable hedge against inflation, gaining favour among investors as a crucial investment. At Upstox (RKSV Securities Pvt Ltd), we provide gold prices in Bangalore for informational purposes, updated regularly from reputable jewellers in the country. Presently, the gold price in Bangalore stands at ₹6993.00 per gram for 22 karat gold and ₹7481.00 per gram for 24 karat gold, also known as 999 gold.
As an investor or someone interested in buying gold, keeping an eye on the daily gold prices is crucial. The price of gold in Bangalore fluctuates daily due to various factors, impacting both buyers and sellers in the market....
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24K Gold Rate in Bangalore
| Gram | Today | Yesterday |
|---|---|---|
| 1 Gram | ₹7,481.00 173.00(2.37%) | ₹7,308.00 -209.00(-2.78%) |
| 8 Grams | ₹59,848.00 1,384.00(2.37%) | ₹58,464.00 -1,672.00(-2.78%) |
| 10 Grams | ₹74,810.00 1,730.00(2.37%) | ₹73,080.00 -2,090.00(-2.78%) |
| 12 Grams | ₹89,772.00 2,076.00(2.37%) | ₹87,696.00 -2,508.00(-2.78%) |
22K Gold Rate in Bangalore
| Gram | Today | Yesterday |
|---|---|---|
| 1 Gram | ₹6,993.00 260.00(3.86%) | ₹6,733.00 -189.00(-2.73%) |
| 8 Grams | ₹55,944.00 2,080.00(3.86%) | ₹53,864.00 -1,512.00(-2.73%) |
| 10 Grams | ₹69,930.00 2,600.00(3.86%) | ₹67,330.00 -1,890.00(-2.73%) |
| 12 Grams | ₹83,916.00 3,120.00(3.86%) | ₹80,796.00 -2,268.00(-2.73%) |
Gold Investment in Bangalore
StateKarnataka
CityBangalore
24K Gold / 10 Grams
₹74,810.00
22K Gold / 10 Grams
₹69,930.00
Benefits of Investing in Gold in Bangalore
Investing in gold in Bangalore offers multiple benefits. Beyond its cultural significance, gold serves as a reliable hedge against inflation and economic uncertainties. Its historical stability and ability to preserve wealth make it an attractive asset. Gold provides portfolio diversification, balancing risks during market volatility. With a consistent upward trajectory in value, it assures long-term returns. Its liquidity allows easy conversion to cash during need. This precious metal acts as a safeguard amidst currency devaluation and geopolitical tensions. For Indian investors, gold holds both emotional and financial value, making it an essential part of a diversified investment portfolio....Read More
Gold Rate Analysis
Sep'24
| Gold Rate | 24K Gold | 22K Gold |
|---|---|---|
24K Vs 22K Gold Rate Comparison
| Term | 24K Gold | 22K Gold |
|---|---|---|
| 10 days | ₹74,182.00 | ₹68,650.00 |
| 20 days | ₹73,369.35 | ₹67,562.05 |
| 30 days | ₹73,012.43 | ₹67,116.57 |
Gold Rates Over Last 10 Days
| Date | 24K Gold | 22K Gold |
|---|---|---|
| 18 Sep 2024 | ₹74,810.00 2.37% | ₹69,930.00 3.86% |
| 17 Sep 2024 | ₹73,080.00 -2.78% | ₹67,330.00 -2.73% |
| 16 Sep 2024 | ₹75,170.00 0.13% | ₹69,220.00 0.14% |
| 15 Sep 2024 | ₹75,070.00 0.00% | ₹69,120.00 0.00% |
| 14 Sep 2024 | ₹75,070.00 1.76% | ₹69,120.00 -0.04% |
| 13 Sep 2024 | ₹73,770.00 0.00% | ₹69,150.00 0.00% |
| 12 Sep 2024 | ₹73,770.00 -0.53% | ₹69,150.00 0.54% |
| 11 Sep 2024 | ₹74,160.00 0.95% | ₹68,780.00 2.12% |
| 10 Sep 2024 | ₹73,460.00 0.00% | ₹67,350.00 0.00% |
| 9 Sep 2024 | ₹73,460.00 0.00% | ₹67,350.00 0.00% |
Frequently asked questions about gold rate
What is hallmarking?
Hallmarking certifies the purity of precious metals like gold, ensuring they meet official standards.
How is hallmark gold rate calculated?
Hallmark gold rates are calculated based on the prevailing gold price in the market along with additional charges for the purity certification process.
How is 22-karat gold price in India determined?
The 22-Karat gold price in India is determined by considering factors like global market rates, currency fluctuations, and demand-supply dynamics. It's influenced by international prices converted into rupees and additional expenses like taxes and making charges.
What is the weight of one tola gold in grams?
One tola gold weighs around 11.66 grams. However, jewellers in India round it out to 10 grams for ease of calculation.
Where can I find the best places to purchase gold in India?
Reputed jewellers, certified outlets, and banks are reliable places to purchase gold in India.
Why do gold prices vary in different cities across India?
Gold prices vary due to factors like local taxes, making charges, transportation costs, and demand-supply dynamics specific to each city.
What are the tax implications of purchasing gold in India?
The tax implications of purchasing gold involve GST and making charges, subject to variations based on gold type and purchase value.
What is 18-karat gold?
18-karat gold contains 75% pure gold mixed with 25% other metals, making it more durable than higher karat gold.
What is 22-karat gold?
22-karat gold comprises 91.67% pure gold mixed with 8.33% other metals, suitable for jewellery due to its durability and affordability.
What is 24-karat gold?
24-karat gold is 99.9% pure gold, considered the purest but relatively soft for jewellery. It is primarily used in bullion (gold coins and bars) or investments.
Which type of gold is better: 22k or 24k?
The choice between 22k or 24k gold depends on preferences: 24k offers higher purity but is softer and more prone to scratches, while 22k is more durable for everyday jewellery due to its alloy composition.
How can I check the purity of gold in Bangalore?
You can check gold purity by looking for the BIS (Bureau of Indian Standards) hallmark, which indicates the gold's purity level.
Do I need to pay any wealth tax on gold in Bangalore?
As of current regulations, there is no wealth tax on gold in India. However, capital gains tax may apply on the sale of gold.
What are the different ways of investing in gold in Bangalore?
One can invest in physical gold (jewelry, coins, bars), digital gold, gold ETFs, sovereign gold bonds, or gold mutual funds.
What are the taxes charges on gold purchase in Bangalore?
Gold purchases in Bangalore are subject to 3% GST on the value of gold and 5% GST on making charges.
When is the best time to sell gold in Bangalore?
You can check gold purity by looking for the BIS (Bureau of Indian Standards) hallmark, which indicates the gold's purity level.
