Today gold rate in Bangalore reflects a slight decline across various purities, including 22K, 24K, and 18K gold. This decrease can be attributed to recent fluctuations in global gold prices and a stable local demand. These updates are particularly relevant for investors and jewelry buyers who monitor daily market changes.
- 22K Gold Rate: ₹7,315/g (-₹45)
- 24K Gold Rate: ₹7,980/g (-₹49)
- 18K Gold Rate: ₹5,985/g (-₹37)
The gold prices in Bangalore have shown some volatility recently, influenced by a consistent demand for jewelry, which remains strong despite the price adjustments. Investors may interpret these recent declines as an opportunity to acquire gold at comparatively lower rates, reinforcing its status as a valuable asset for wealth preservation.
24 Carat Gold Rate for October 28, 2024
Understanding 24K Gold
The purest form of gold, 24K or 999 gold, is priced today at ₹7,980 per gram, reflecting a decrease of ₹49 from yesterday. This high-purity gold is a preferred choice for investments due to its excellent resale value. However, its malleability limits its use in jewelry, making it less durable for everyday wear.
| Weight | Today’s Price (₹) | Yesterday’s Price (₹) | Price Change (₹) |
|---|---|---|---|
| 1 gram | ₹7,980 | ₹8,029 | -₹49 |
| 8 grams | ₹63,840 | ₹64,232 | -₹392 |
| 10 grams | ₹79,800 | ₹80,290 | -₹490 |
| 100 grams | ₹7,98,000 | ₹8,02,900 | -₹4,900 |
22 Carat Gold Rate for October 28, 2024
Overview of 22K Gold Prices
The 22K gold price in Bangalore is currently at ₹7,315 per gram, down by ₹45 from the previous day. This type of gold contains 91.67% pure gold and is alloyed with other metals like copper or silver, making it more durable than 24K gold. Its balance of purity and strength makes 22K gold a popular choice for jewelry.
| Weight | Today’s Price (₹) | Yesterday’s Price (₹) | Price Change (₹) |
|---|---|---|---|
| 1 gram | ₹7,315 | ₹7,360 | -₹45 |
| 8 grams | ₹58,520 | ₹58,880 | -₹360 |
| 10 grams | ₹73,150 | ₹73,600 | -₹450 |
| 100 grams | ₹7,31,500 | ₹7,36,000 | -₹4,500 |
18 Carat Gold Rate for October 28, 2024
Insight into 18K Gold
Today, the 18K gold price in Bangalore stands at ₹5,985 per gram, showing a decrease of ₹37 from yesterday. This gold contains 75% pure gold and is commonly used in jewelry due to its enhanced durability compared to higher karat options.
| Weight | Today’s Price (₹) | Yesterday’s Price (₹) | Price Change (₹) |
|---|---|---|---|
| 1 gram | ₹5,985 | ₹6,022 | -₹37 |
| 8 grams | ₹47,880 | ₹48,176 | -₹296 |
| 10 grams | ₹59,850 | ₹60,220 | -₹370 |
| 100 grams | ₹5,98,500 | ₹6,02,200 | -₹3,700 |
Gold Rate in Bangalore for Last 10 Days (1 gram) – 24K and 22K
Tracking the daily fluctuations in gold prices is essential for buyers and investors in Bangalore. The gold rate for both 24K and 22K has shown variations over the last ten days, influenced by multiple economic factors, including global market trends and local demand. Here is the recent data for the gold rate in Bangalore.
| Date | 24K Gold Rate (₹) | 22K Gold Rate (₹) |
|---|---|---|
| Oct 28, 2024 | ₹7,980 (-49) | ₹7,315 (-45) |
| Oct 27, 2024 | ₹8,029 (0) | ₹7,360 (0) |
| Oct 26, 2024 | ₹8,029 (+71) | ₹7,360 (+65) |
| Oct 25, 2024 | ₹7,958 (+11) | ₹7,295 (+10) |
| Oct 24, 2024 | ₹7,947 (-60) | ₹7,285 (-55) |
| Oct 23, 2024 | ₹8,007 (+43) | ₹7,340 (+40) |
| Oct 22, 2024 | ₹7,964 (0) | ₹7,300 (0) |
| Oct 21, 2024 | ₹7,964 (+22) | ₹7,300 (+20) |
| Oct 20, 2024 | ₹7,942 (0) | ₹7,280 (0) |
| Oct 19, 2024 | ₹7,942 (+44) | ₹7,280 (+40) |
Comparison of Average Gold Rate in Bangalore (1 gram)
A long-term view of gold prices reveals trends over periods, helping buyers and investors understand broader movements in gold value. Below is a comparison of average rates for 24K and 22K gold over various terms.
| Term | 24K | 22K |
|---|---|---|
| 10 Days | ₹7,976.20 | ₹7,311.50 |
| 20 Days | ₹7,868.45 | ₹7,212.75 |
| 30 Days | ₹7,827.20 | ₹7,175 |
| 60 Days | ₹7,635.53 | ₹6,999.25 |
| 90 Days | ₹7,475.62 | ₹6,852.66 |
| 180 Days | ₹7,370.16 | ₹6,755.99 |
| 1 Year | ₹6,923.43 | ₹6,346.51 |
| 2 Years | ₹6,378.56 | ₹5,847.12 |
| 3 Years | ₹5,952.16 | ₹5,456.21 |
| 4 Years | ₹5,682.90 | ₹5,209.36 |
| 5 Years | ₹5,480.49 | ₹5,024.65 |
| 6 Years | ₹5,189.68 | ₹4,760.93 |
| 7 Years | ₹4,920.23 | ₹4,515.47 |
Historical Gold Rate Movement in Bangalore (April – October 2024)
Gold Price Movement in Bangalore, October 2024
| Date | 24K Rate | 22K Rate |
|---|---|---|
| 1st October | ₹7,691 | ₹7,050 |
| 28th October | ₹7,980 | ₹7,315 |
| Highest | ₹8,029 (26 Oct) | ₹7,360 (26 Oct) |
| Lowest | ₹7,664 (10 Oct) | ₹7,025 (10 Oct) |
| Overall Performance | Rising | Rising |
| % Change | +3.76% | +3.76% |
Gold Price Movement in Bangalore, September 2024
| Date | 24K Rate | 22K Rate |
|---|---|---|
| 1st September | ₹7,304 | ₹6,695 |
| 30th September | ₹7,724 | ₹7,080 |
| Highest | ₹7,745 (27 Sept) | ₹7,100 (27 Sept) |
| Lowest | ₹7,275 (4 Sept) | ₹6,669 (4 Sept) |
| Overall Performance | Rising | Rising |
| % Change | +5.75% | +5.75% |
Gold Price Movement in Bangalore, August 2024
| Date | 24K Rate | 22K Rate |
|---|---|---|
| 1st August | ₹7,036 | ₹6,450 |
| 31st August | ₹7,304 | ₹6,695 |
| Highest | ₹7,325 (28 Aug) | ₹6,715 (28 Aug) |
| Lowest | ₹6,927 (7 Aug) | ₹6,350 (7 Aug) |
| Overall Performance | Rising | Rising |
| % Change | +3.81% | +3.80% |
Gold Price Movement in Bangalore, July 2024
| Date | 24K Rate | 22K Rate |
|---|---|---|
| 1st July | ₹7,228 | ₹6,625 |
| 31st July | ₹6,982 | ₹6,400 |
| Highest | ₹7,500 (17 July) | ₹6,875 (17 July) |
| Lowest | ₹6,873 (26 July) | ₹6,300 (26 July) |
| Overall Performance | Falling | Falling |
| % Change | -3.40% | -3.40% |
Gold Price Movement in Bangalore, June 2024
| Date | 24K Rate | 22K Rate |
|---|---|---|
| 1st June | ₹7,255 | ₹6,650 |
| 30th June | ₹7,228 | ₹6,625 |
| Highest | ₹7,375 (7 June) | ₹6,760 (7 June) |
| Lowest | ₹7,167 (8 June) | ₹6,570 (8 June) |
| Overall Performance | Falling | Falling |
| % Change | -0.37% | -0.38% |
Gold Price Movement in Bangalore, May 2024
| Date | 24K Rate | 22K Rate |
|---|---|---|
| 1st May | ₹7,151 | ₹6,555 |
| 31st May | ₹7,276 | ₹6,670 |
| Highest | ₹7,516 (20 May) | ₹6,890 (20 May) |
| Lowest | ₹7,151 (1 May) | ₹6,555 (1 May) |
| Overall Performance | Rising | Rising |
| % Change | +1.75% | +1.75% |
Gold Price Movement in Bangalore, April 2024
| Date | 24K Rate | 22K Rate |
|---|---|---|
| 1st April | ₹6,938 | ₹6,360 |
| 30th April | ₹7,260 | ₹6,655 |
| Highest | ₹7,434 (19 April) | ₹6,815 (19 April) |
| Lowest | ₹6,911 (2 April) | ₹6,335 (2 April) |
| Overall Performance | Rising | Rising |
| % Change | +4.64% | +4.64% |
Best Jewellers to Buy Gold Jewellery in Bangalore
- Malabar Gold & Diamonds
Overview: Malabar Gold & Diamonds is a prominent name in Bangalore, celebrated for its extensive range of gold, diamond, and platinum jewelry.
Specialties: Known for its craftsmanship, it offers traditional and contemporary designs with BIS-certified gold.
Locations: Multiple outlets across Bangalore.
Why Choose: Offers a good blend of quality and value, with transparent pricing and excellent customer service. - Tanishq
Overview: A well-respected brand under the Tata Group, Tanishq is known for its high-quality jewelry and innovative designs.
Specialties: Offers a mix of traditional and modern styles, with a focus on unique craftsmanship.
Locations: Several branches throughout Bangalore.
Why Choose: Renowned for transparency in pricing and policies, as well as excellent after-sales service. - Kalyan Jewellers
Overview: Kalyan Jewellers is a national chain that has made a significant mark in Bangalore, providing a wide range of gold and diamond jewelry.
Specialties: Offers a vast variety, including traditional Indian designs and modern custom-made options.
Locations: Multiple branches in Bangalore.
Why Choose: Known for customer satisfaction and hallmark-certified purity, catering to various budget ranges. - Vardhman Jewellers
Overview: Vardhman Jewellers is a popular choice among locals in Bangalore, offering a range of gold and diamond jewelry.
Specialties: Specializes in custom designs and traditional wedding jewelry, ensuring quality craftsmanship.
Locations: Several showrooms across Bangalore.
Why Choose: Provides a personalized shopping experience with a focus on quality and customer service. - GRT Jewellers
Overview: Established in 1964, GRT Jewellers is recognized for its diverse collection of gold jewelry, including traditional and contemporary pieces.
Specialties: Known for unique designs, South Indian styles, and BIS-hallmarked purity.
Locations: Various locations throughout Bangalore.
Why Choose: Offers competitive pricing, a commitment to quality, and a reputation for excellent customer service.
Buying Gold in Bangalore: Key Factors to Keep in Mind
Purity Assurance: Ensure that the gold you purchase is BIS-hallmarked, which certifies its purity and authenticity through the Bureau of Indian Standards (BIS). Hallmarked gold guarantees that you receive the quality advertised, safeguarding you against impurities or counterfeit items.
Price Determinants: Gold prices vary depending on the karat (e.g., 24K, 22K, 18K), making it essential to confirm the purity and associated charges before making a purchase. While 24K gold is more expensive and preferred for investment, 22K gold is commonly used for jewelry.
GST and Making Charges: In India, a 3% Goods and Services Tax (GST) applies to gold purchases, and making charges for jewelry can vary based on design complexity. These charges are typically non-refundable, so comparing prices across different sellers can help minimize expenses.
Investing in Gold vs. Other Assets
- Fixed Deposits (FDs): Fixed deposits provide guaranteed returns with low risk but may not protect against inflation as effectively as gold. Suitable for conservative investors, FDs offer stable returns, while gold serves as a hedge against currency devaluation and economic volatility.
- Real Estate: Real estate is a high-value, long-term investment with the potential for strong returns but tends to have lower liquidity compared to gold, making it slower to convert to cash.
- Stocks and Mutual Funds: While offering significant growth potential, stocks and mutual funds come with market risks. Gold’s relative stability makes it a suitable option for risk-averse investors.
Digital Gold and Its Growing Popularity
Digital gold is becoming increasingly popular as a convenient investment alternative, allowing individuals to invest without handling physical gold. Platforms such as Paytm and Google Pay enable users to buy, sell, and securely store digital gold in small increments. This option is particularly appealing to tech-savvy investors and first-time buyers seeking flexibility and accessibility, offering secure storage and on-the-go access.
Factors Influencing Today Gold Rate in Bangalore
- Global Economic Conditions: Gold prices are sensitive to international trends, including interest rates and currency strength. Recent economic uncertainties have driven prices up as investors look for safe-haven assets like gold.
- Domestic Demand: Seasonal demand, especially during festivals, elevates gold prices, contributing to any price increases observed in October.
- Exchange Rates and Import Duties: Since India imports most of its gold, fluctuations in the rupee-dollar exchange rate directly impact prices. Changes in import duties also influence costs, particularly during currency fluctuations.
Is Now a Good Time to Invest in Gold?
With rising prices, many view this as an opportune time to invest in gold, which acts as a hedge against inflation and economic instability. For those seeking a low-risk asset, gold becomes an attractive option, especially in volatile stock markets and fluctuating interest rate environments.
Gold Investment Options
- Physical Gold: This includes traditional jewelry or bullion.
- Digital Gold: Available through mobile wallets and online platforms.
- Gold ETFs and Bonds: Ideal for those interested in gold investments without the need to hold physical gold.
Tracking Daily Gold Price Changes
Monitoring gold prices is simple with tools like Googltimes.com, which provides real-time rates across major cities for various purities (24K, 22K, 18K). Users can track price fluctuations and trends, reflecting both national and international influences. This user-friendly platform is a valuable resource for investors, jewelers, and buyers making purchasing decisions.
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