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Gold Rate in Bangalore (23rd January 2017)

Bangalore or Bengaluru as it is now called, has seen a remarkable rise in Gold Prices during the year. In fact, there has been a good demand for gold in Bangalore during the course of the year. .

Today 22 Carat Gold Price Per Gram in Bangalore (INR)

Gram 22 Carat Gold
Today
22 Carat Gold
Yesterday
Daily Price Change
1 gram ₹ 2,823.80 ₹ 2,823.50 ₹ 0.30
8 gram ₹ 22,590.40 ₹ 22,588 ₹ 2.40
10 gram ₹ 28,238 ₹ 28,235 ₹ 3
100 gram ₹ 2,82,380 ₹ 2,82,350 ₹ 30

Today 24 Carat Gold Rate Per Gram in Bangalore (INR)

Gram 24 Carat Gold
Today
24 Carat Gold
Yesterday
Daily Price Change
1 gram ₹ 3,009.30 ₹ 3,009.30 ₹ 0
8 gram ₹ 24,074.40 ₹ 24,074.40 ₹ 0
10 gram ₹ 30,093 ₹ 30,093 ₹ 0
100 gram ₹ 3,00,930 ₹ 3,00,930 ₹ 0

Gold Rate in Bangalore for Last 10 Days (10 g)

Date 22 Carat 24 Carat
Jan 22, 2017 ₹ 28,238 ₹ 30,093
Jan 21, 2017 ₹ 28,235 ₹ 30,093
Jan 20, 2017 ₹ 28,238 ₹ 30,094
Jan 19, 2017 ₹ 28,390 ₹ 30,238
Jan 18, 2017 ₹ 28,388 ₹ 30,242
Jan 17, 2017 ₹ 28,238 ₹ 30,092
Jan 16, 2017 ₹ 27,990 ₹ 29,845
Jan 14, 2017 ₹ 27,988 ₹ 29,842
Jan 13, 2017 ₹ 28,017 ₹ 29,873
Jan 12, 2017 ₹ 27,878 ₹ 29,733

Weekly & Monthly Graph of Gold Price in Bangalore

Historical Price of Gold Rate in Bangalore

  • Gold Price Movement in Bangalore, December 2016
  • Gold Rates 22 Carat 24 Carat
    1 st December rate Rs.27,255 Rs.29,150
    31st December rate Rs.27,028 Rs.28,913
    Highest rate in December Rs.27,255 on December 12 Rs.29,170 on December 12
    Lowest rate in December Rs.26,347 on December 14 Rs.28,178 on December 14
    Over all performance Falling Falling
    % Change -0.83% -0.81%
  • Gold Price Movement in Bangalore, November 2016
  • Gold Price Movement in Bangalore, October 2016
  • Gold Price Movement in Bangalore, September 2016
  • Gold Price Movement in Bangalore, August 2016
  • Gold Price Movement in Bangalore, July 2016

Where to buy gold In Bangalore?

Gold prices in Bangalore have seen a great run through the year, thanks to a rally in gold prices in the international market. There are a number of places where you can buy gold in Bangalore. You have the MG Road, where there are a number of jeweler shops.

Apart from that you have Bhima Jewellers, R R Gold Palace at Jayanagar. You also have a number of gold shops including Jos Alukkas on Dickenson Road. In fact, you have a number of Tanishq chains as well spread across the city.

You can also buy gold jewelery online, which could be relatively cheaper than visiting the gold shop. However, you need to assure yourself that the item your buying has the highest level of purity, so that you are not duped. There is no way you can check hallmarked gold online, unless you reallly buy it from a reputed jeweler.

No much momentum for gold likely in 2017

It has been a great year for gold prices in 2016. Gold rates in Bangalore have had a remarkable run since Jan 2016. In fact, gold rates were seeing a tremendous upward momentum in June and July 2016.

There was a slight decline of the precious metal in November 2016, as hopes were raised of a sharp rise in interest rates. We believe that gold prices would be headed lower in the next year and the stupendous returns of the last few years, would not be forthcoming. In fact, we believe that gold prices could start the year closer to the Rs 28,000 levels.

The good run of gold may not continue too much into the future. In fact, gold prices in Bangalore could be clearly headed lower. We have already seen international prices drop to $1177 and there could be a further downside risk to prices. So, look before you buy in large quantities. A lot depends on how international prices of gold behave in the next few months, as also interest rates in the United States.

Buying gold ETFs in Bangalore

Among the many ways to buy gold in Bangalore is also through the ETF route. ETFs are popularly known as gold ETFs. They track gold prices and when gold prices go higher or lower, they tend to move in tandem with them. Most of the top mutual funds in India have come up with a Gold ETF. The biggest is the Goldman Sachs Gold BES Etf, while other big ones are SBI Gold ETF, Axis Gold ETF, HDFC Gold ETF etc. Most of these gold ETFs tend to give similar returns to investors as they track the prices of gold. In fact, buying gold ETFs maybe slightly cheaper then buying gold in the physical form, where there is also a huge difference between the buying and selling margin. So, if you are looking at the many options of buying gold, one of the best would be gold ETFs. This is an excellent bet for those who are planning their long term investments in India.

The problems of investing in gold in Bangalore

Gold does not tend to yield the best returns in the short trem and there are plenty of reasons for the same. Let us given an example. Say, you go ahead and invest systematically in gold coins. Now, the problem is that everytime you buy a gold coin, you end-up paying taxes on the same, which can vary from 10-15 per cent. What this means is that you have to now recover the cost of that taxes to make some money on gold. What this means is that even if you take a decent returns of 8 per cent, gold prices must rally as much as 22 per cent for you take make -up those losses. That may never happen in one year and hence your holding time frame has to be large for you to really make some money on gold. The longer you hold the more returns you can make on the same.

What is the meaning of 916 hallmarked gold?

Todays gold rates in Bangalore largely depend on the type of purity. What individuals often look at is 916 hallmarked gold. This is normally nothing but gold of 22 karats purity. Individuals who are purchasing gold or buying the same for investing need to look at either 22 karats or 24 karats gold and that too with hallmarking. The onus for hallmarking is with the Bureau Of Indian Standards, more popularly known as BIS. The concept of hallmarking gold jewellery began in 2000. Since then all Indian are assured of hallmarked jewelery in India. Thought it is not compulsory to buy hallmarked gold, there have been instances, where there has been some duplication. This has led to authorities regularly checking and implementing controls over the same. There are essaying centres where you can find this checking done.

Nice places to shop for gold

If you are looking to invest or even buy gold in the city, there are a host of places to do so in Bangalore. Among these include several shops at Dickenson Road. Unlike, Mumbai where there is a heavy concentration of shops at the Charni Road, the shops in the city of Bangalore are more scattered. If you are looking to buy gold you find shops at Jayanagar, Chickpet and also most other places in the city. However, the best place to buy the precious metal would be anywhere you get the best rates. In fact, gold rates, will not change, what will differ though is the making charges. If you have been a regular with your jeweller the chances of getting some discount in the making charges is extremely bright. You need to bargain and only bargain, if you want better rates.

What causes Bangalore gold demand to fall?

It has not been a very good year for gold demand, though prices in the city have kept pace. Demand this year has fallen across categories, which includes gold jewellery and gold which is used for industry. According to statistics from the World Gold Council, there has been a lower demand across various categories. This may also have led to lower demand for the precious metal in the city of Bangalore. Will there be a good rally in prices and demand in Bengaluru for the precious metal is always difficult to predict. For example, much would depend on the prices of gold in Bengaluru. When prices fall, individuals tend to buy more of the precious metal. On the other hand when gold rallies investors tend to stay away and this could lead to a fall in demand. This maybe one reason why we are seeing lesser demand for gold in Bangalore in the last few months.

Should you take a gold loan in Bangalore?

There are many companies that provide you a gold loan. Among these include the banks and specialized gold loan companies like Muthoot Finance and Mannapuram Finance. If you are planning to take a gold loan, you should compare the same with personal loans. Sometimes, personal loans offer you a better interest rates. However, for personal loans, you need to have a good credit rating. In the case of gold loans, you do not need a credit rating, and the loan is instant. In fact, the gold loan company is not bothered about a default as they will sell the pledged gold that they have with them. So, in case you are planning to take a gold loan, make sure that you pay back the amount of loan taken or else you would have your family jewels sold. Also, these gold loan companies tend to store your gold safely so there are no worries as such. They are also generally not damaged and there have been no complaints in the past.

How to convert Karats?

If anybody tells you that this is 24 karats, how would you the purity of the precious metal. It is simple method of calculation. For example, how to know how much content 18 karats gold would be or how pure would it be. The answer is simple. You take 18 and divide by 24 and multiply the same number by 100. So, when you do that you get 75. So, in short 18 karats is 75 er cent pure, which means it has 75 per cent gold content and the remaining content is of alloy. Similarly, you can do a test for 14 karats and 10 karats. Of course we do not get that low purity in India, but, you do have these available abroad.

22 Karats vs 24 karts vs 18 karats in Bangalore

Choosing between 22 karats, 24 karats and 18 karats gold is not always easy in Bangalore. If you are looking to buy gold jewellery, the ideal way would be through 22 karats gold. You cannot make gold jewellery through 24 karats gold, because it will break. While 18 karats is also in vogue, as the purity is lower, you get lesser price for the same when you sell the same. The demand is always high for 22 karats gold jewellery and it is also easier to sell the same. So, when you buy the same keep in mind the ability to sell the same. If you have lesser amount and a smaller budget it is best to stay invested in 18 karats gold. However, as we mentioned earlier there is not too much demand for the metal and you may end-up selling the same at substantially lower rates. If you are buying 24 karats, the best option would be to buy gold coins and bars.

Gold schemes in Bangalore

You can buy gold through a number of gold schemes in Bangalore. This include famous jewelers like Bhima and GRT. These days the schemes have been altered by most jewelers in the city, following a drop in the interest rates. You have to now go beyond the 10 and 11 month schemes that we were paying earlier. You can get some discount on the marking charges, when you buy gold. However, do not expect too many other freebies. Gold prices in Bangalore are unlikely to change, and the scheme can lock money on the day you invest in the scheme. What this means is that if you pay your installment when gold prices were at say for example Rs 28,000. The money gets locked-in at those levels. This does not make much sense, if prices are falling, because you would tend to lose money. However, if gold prices rise, you tend to make money.

22 karats or 24 karats: Which to buy?

You have a choice of 22 karats or 24 karats gold that you can buy when it comes to gold. One this is clear and that is if you are buying gold jewellery it needs to be in 22 karats gold. On the other hand, if you are buying 24 karats gold, go for the easily saleable gold coins and biscuits. We say this because gold coins and biscuits are easy to sell, as compared to ornaments, which there is a loss on melting. Apart from this the money spent on making of gold jewellery is also wasted. So overall, there is a terrific wastage of the product. One fails to understand why investors choose to invest in jewellery in the city of Bangalore. If you want to, go straight away for biscuits where you would not waste too much money on wastage and making charges.

Taxation of gold in Bangalore

If you buy gold in Bangalore, you are subject to all the applicable taxes from time to time. Remember, the metal does not derive any income like dividends and hence the tax payable is more like capital gains tax. So if you buy gold and then sell the metal you can make gains or profits, which are subject to taxes in the country. Now, you should also know that there could be a wealth tax that one needs to pay if you have own gold jewellery beyond a certain amount. How much you pay really depends on the amount of gold that you have. If you have amounts in excess of Rs 30 lakhs, one per cent of the value of that has to be paid in taxes. Remember, that you have to declare the same or your gold can even be seized by the authorities. Not many people are aware of this and they have to be told about the same.

What are the different karat options for buying gold in Bangalore?

Investors or consumers have plenty of choices for buying different karat options in Bangalore. But, does a layman actually know what karat means? It means nothing but the amount of purity that gold undergoes over a period of time. What that also means is that how much of the content of your gold is mixed with various metals. The purest form of gold if you are looking to buy is 24 karats in Bangalore. However, you cannot make jewellery using such high levels of purity. You can opt for 22 karats gold, which is the preferred way to make gold jewellery. In this you have a 11:1 mixture between gold and alloy. This is also called 91.6 per cent pure and is the most sought after purity in India. You also have 18 karat gold which also has its own set of buyers in Bangalore and Karnataka. For example, 18 karat has 3 times more gold then precious metal. So, the purity levels is 75 per cent. One also has choice of 14 karats and 8 karats gold which are not popular in Bangalore.

A fall in demand in Bangalore

If you thought that Bangalore would buck the trend for a falling demand for gold, you are making a mistake. Gold prices in Bangalore have been on a high and this almost always corresponds with a fall in demand. If you have been looking to buy gold in Bangalore at low prices, now could well be the time. Prices have now fallen near the Rs 27,000 mark, which makes buying gold a great deal in the city. However, there are a few things that you must do before buying gold in Bangalore. One is to make sure that you have checked for the purity and if you get hallmarked 916 gold in Bangalore there is nothing like it. In fact, we suggest that you always should look for 916 hallmarked gold rates in India only. Do not forget to visit our website to check for the live gold rates in Bangalore city.

Problems with  essayed gold in India

A recent study by the World Gold Council has found tht only 30 per cent of the gold jewelry in Indis is hallmarked. What this means is that there is still a very wide scope for impurities on jewelry, particularly with regards to areas where there are no Bureau of Indian Standards Essaying centre to hallmark gold jewelry. Now, there is also a potential to increase the gold exports from India if the country is able to get hallmarking done very successfully. The problem right now is that there are not many essaying centres and hence you can still end-up having impurities in your gold and a 22 karat gold ornament may not be exactly the 22 karats purity that you wold like to have. The other problem that the government faces is that there is still lack of awareness aong consumers to use only hallmarked jewelry.

Importance of tracking live gold prices Bangalore

 It is extremely important to track live gold prices in Bangalore, if you are buying large quantities of gold. This is because if you are buying large quantities of gold, a slight variation in prices, means a lot. So, it is extremely important to look at live prices. The best way to track gold prices live in Bangalore is to keep an eye on the futures rate of gold. These offer you current prices and you can take a decison based on the prices. If you are looking to buy in the spot market, we have updated gold prices on the website. Also, look at the purity of gold before you buy. 22 karats gold and 24 karats gold have prices that tend to differ. One also gets 18 karats gold, which is available at lower costs. If you are looking to buy gold coins and bars, your best  bet would be 24 karats gold. Jewelry does not come in 24 karats as the metal is very brittle and tends to snap when converted to ornaments.

Looking to sell gold in Bangalore? Try this place

We often end-up with gold that we do not use or is pretty much useless to us. In such cases it better to sell the gold or the jewelry that you have. If you have coins it is easy, because any jeweler will purchase the same. However, it ay be difficult to sell gold in Bangalore, if you do not have a receipt. There are some place like Attica Gold company which can buy your old scrapped gold. In case you have an emergency, you can also encash your old gold. They neither deduct any making charges nor do they melt your gold, which is a good way of surrendering gold. If you are looking to sell gold in Bangalore, Atttica would not be a bad place, as the company has branches in many places. The company also has branches in several other states of India like Andhra Pradesh, Tamil Nadu etc. However, you should sell gold only if there is an emergency and not otherwise. It is extremely important to bring an ID proof along before you plan to sell your gold.

Gold and inflation

 During the times of inflation and financial instability gold is the best asset to invest in, as it cannot be faked and acts as a fence for inflation or deflation.

As of now demonetization and the victory of Republican Donald Trump in the US Presidential election had a good hit on themarket and there were fluctuations in the market due to these reasons.

If we see the statistics from past the 16 years, global performance of gold is very good when compared to other asset types such as real estate.

Even the countries which imports and exports gold will also have an affect on their currency. Normally, if a country imports goods more than it exports their currency value will weaken and this will lead to higher gold prices. On the other hand if it imports gold then its currency value will become strong and will get more stronger as gold rates are increased.

Quality inspection before buying gold In Bangalore

Before buying gold in Bangalore, you should focus on the quality. While a few decades ago, you could easily be swindled before buying gold, today that is no longer the case. You can today check for quality before purchasing gold.

In fact, most of the gold today is hallmarked. One good advantage of buying gold in Bangalore, is that you have well established shops here. So, you do not have to worry too much about quality. Nevertheless, you can do your own inspection before buying gold. If you know the mechanism to check gold for purity, you can do it yourself.

Myriad choices to buy gold In Bangalore

You can buy gold in several forms in India.  If you are looking to invest, we suggest that you look at gold rates in Bangalore first and only then buy. Gold ETFs are a good indirect way of investing in gold. In fact, Indian investors rarely look at this form of investment, though it is very advantageous.

For example, Gold ETFs do not require storage, nor is there a possibility of theft. This is because Gold ETFs are available in the electronic form. You can consider this option. It is a good smart option to invest. There are the other various traditional ways of investing in gold in Bangalore, including gold biscuits and gold coins and bars. The goverment recently launched the gold monetization scheme to ensure that investors are discouraged from buying gold. This has led to interest also being offered on the sovereign gold bonds. One can buy these bonds from the nearest centres.

Bangalore gold rates in 2017 and beyond

Gold rates in Bangalore are unlikely to go up swiftly in the near future. We believe, that gold prices in Bengaluru could fact decline in the coming few years. This is because, there is a high possibility that interest rates in the US could be hiked. When such a move happens, it could push prices of the precious metal lower. However, Bengaluru gold rates would aso depend on how the rupee behaves against the US dollar. Should the currency see some adverse movement, we could have gold heading lower in Bangalore. While we believe that 2017 may not be a good year to make returns from gold, it is a good idea to stay diversified in the precious metal. This is because investment in gold has always yielded good returns and we believe that the same trend may be noticed in the nect 2-3 years.

Checking for purity of gold in Bangalore

To begin with compare and check gold rates in Bangalore. After this we suggest that you look for purity and quality. The first thing to do is to look for the triangular stamp of the Bureau of Indian Standards. This is an assurance on the quality of the gold that you are buying.

Apart from this look carefully and you would also see the year that is stamped on the same. This is not a straight foward year that is mentioned, but, a code that is decided by the Bureau of Indian Standards.

If you are not going to be buying hallmarked gold in Bangalore/Bengaluru, you are probably going to be fooled. If you are looking to buy gold coins, we suggest that you buy the same from some of the banks. Some of them have well sealed and Swiss made gold coins.

Purchasing hallmarked gold in Bangalore

It is important to purchase only hallmarked gold, when you are buying gold in Bangalore. This is because the chances of you getting duped when buying gold is almost zero. The Bureau of Indian Standards or more popularly BIS is assigned with the task of hallmarking gold in India. So, before you buy hallmarked gold in Bangalore, look for a number of things including the logo of the BIS. Apart from the logo of BIS you would have the name or the logo of the jeweler. You would also have the date of manufacture of the gold. The other important thing to remember is that you should also take the receipt of the gold that you purchase. This would help in the future if you want to sell the gold jewelery. Actually, it makes very little sense to sell jewelery because you lose on making charges. Hallmarked gold of 916 purity is the most popular set of gold that you would normally buy. Hallmarked gold is nothing but gold of 22 karats purity. You can also buy gold of 22 and 24 karats, which is normally available in gold bars and gold bisuits.

Buying gold in Bangalore? Try small quantities

If you are looking to buy gold in Bangalore, we suggest that you look to invest in small quantities. This is because, it would help to average the cost of gold. Let us give you an example. Say, you want to buy gold worth Rs 2 lakhs. It makes sense to buy in small quantities, as if the price falls, you can buy at lower rates. Of course, you tend to lose if gold prices go higher. The ideal way would be to buy say 10 grams of gold each time. Also, if you are looking to invest, try the Gold ETFs as they are more liquid and can be sold very easily. Talk to your stock broker, who could guide you on ways to buy the gold etd. In fact, the procedure is the same like buying equity shares. What we recommend is that the prices of gold at the moment are rather high. So, use a strategy of buying gold on dips.

 

Buying gold through the Gold Sovereign Bond Scheme

Those in Bangalore, can also buying gold through the newly introduced Gold Sovereign Bond Scheme. There was plenty of gold lying idle in the bank lockers. The government hence decided to offer bonds in place of these gold schemes. They earn you an interest rate of 2.75 per cent. This is good to curb the use of gold and to reduce the imports.

There is also an Ashoka Chakra gold coin that is available in 5 and 10 grammes, where you can buy these gold coins in Bangalore.

There is nothing to worry on the purity of the same.

Gold price trend in Bangalore

Bangalore has been witnessing an uptrend in Gold prices over the last one year. It is likely that we may see some drop in the prices of gold in Bangalore, given the shap movement. Those looking to buy gold in Bangalore could wait for sometime. It is likely that we may see a drop, before any rally, at which time it would be a good proposition to buy gold all over again.

Wait for dips benfore buying into the precious metal.

 What type of gold to buy in Bangalore?

There are various types of gold, including physical gold, ETFs and gold bonds that you can invest in. We strongly suggest that you buy gold ETFs, which are traded on the stock exchanges in India, if you really want to buy gold. Why do you really need to buy and worry about storage and other things?

There are a number of reasons apart from storage worries that you need to buy Gold ETFs. There is no need to worry about your gold being stolen, as gold ETFs are held in demat form. In fact gold ETFs today are the most popular form of gold investments.

The other things is that this gold instrument is also very liquid. So, if you want to sell, you are unlikely to have a big problem. There is one rate and you do not have to go searching to find the best goldsmith, that would give you the best gold rates.

The other advantage is that you can sell the gold anytime and at any place, which is another big plus for you. So, do buy Gold ETFs in Bangalore.

Rising interest rates vis a vis gold

The next biggest problem for gold prices in Bangalore would be the rising interest. There are worries that there would be an increase in rates in the United States, which could lead to a firm US dollar. Each time we see a strong dollar, gold prices tend to fall. So, watch for the prices of gold with regards to a rise in interest rates. In India and in particular Bangalore, rising interest rates do not have any impact on gold prices. We believe that this could have an impact in the more short term on gold prices. In any case, do not buy lumpsum amounts in gold as there could be a possibility of a drop in prices.

 Understanding Karats Before Buying Gold

You can buy various types of gold in the city of Bengaluru. This includes 22 karats and 24 karats, as well as 18 karats. However, nobody tends to buy the later, because the purity here is very low at around 75 per cent only. Hence, if you are looking to buy gold biscuits and coins, we suggest that you look at 24 karats, while you buy 22 karats, if you are looking to buy gold jewelry. As mentioned earlier always look at the possibility of buying hallmarked gold in Bangalore. This is because these days, there is a greater chance of getting duped, when buying into the precious metal. It is always better to look at the hallmark of the eassying centres. The Bureau of Indian Standard or BIS has set up many essaying centres in the country, where you get hallmarked gold. There are many things that you need to check, which we have mentioned before.

Does KDM gold jewellery really cause skin allergy?

There are many individuals who complain that KDM gold made with the same jewellery causes skin allergy. This may nor be truth however, as it is not possible. There are some who complain that white gold causes skin allergy. It is always so very difficult to understand these things. It may be noted that to make white jewellery, one does not use the same combination of copper and gold. There is no single metal that goes in the manufacture of white gold. There are various permutations and combinations that would go in the making of white gold. Nickel, palladium, and silver are used in making of white gold. So, in case even one of these causes allergy, then we cannot say that gold has caused the skin allergy. It may well be a case of the allergy being caused by the other metals, which are used in a combination.

A healthy trend for gold

Gold is seeing a healthy trend and prices have begun to firm up. The trend was not bad in 2016, as well, but prior to that the three years, did not see any gains for the precious metal. So, in the last five years or so, it has been a flat to negative trend for gold. However, if you observe the last 10 years or so, gold have returns largely on account of the sub prime mortgage crisis that took place in the United States. If we are coming back to winning ways it would be good. However, if it is just a temporary aberration to prices, we would be back to levels of poor returns for gold. But, what can be said with some certainty is that demand has taken a hit in the last few years, as various countries including India have discouraged gold consumption. This has led to a frequent fall in the price of the precious metal. However, if you want to diversify your asset there is no better place to buy the precious metal, as it is has proved to be a succout during times of refuge.

Latest Updates on Bangalore Gold Rates

Staying steady

The week is likely to begin on a more robust note for gold prices in Bangalore, following the swearing-in of US President Donald Trump as the 45th President of the United States. Initially, there was some selling pressure that was witnessed, but, now there could be fresh buying in the metal. Bangalore has always seen a good demand for the precious metal. However, after the de-monetization that are investors who feel that there is a slowing in demand for the precious metal. Gold prices have been on a constant decline in the last few months and this has led to good demand at lower prices. Recently, the figures that maybe revealed for the first quarter of 2017, may show lower demand across the board for gold. Silver too has seen a subdued demand and there maybe more bad news for the precious metal going ahead.

22 January 2017
Bangalore rates see dull movement

Gold rates in the city of Bangalore have been dull in the last few days though there has been some adverse movement in the last few days. Overall, it has been a good week and gold rates in the city have been higher for most of the days. 22 karats gold was seen trading at Rs 27,200 per 10 grams, while 24 karats was also trading higher. It is likely that we will see both move in tandem in the coming days. Buy when the chips are down would be a good move as far as gold in the city are concerned. It would be interesting to watch gold rates in bangalore on Jan 17, 2017.

16 January 2017
Nice places to shop for gold

If you are looking to invest or even buy gold in the city, there are a host of places to do so in Bangalore. Among these include several shops at Dickenson Road. Unlike, Mumbai where there is a heavy concentration of shops at the Charni Road, the shops in the city of Bangalore are more scattered. If you are looking to buy gold you find shops at Jayanagar, Chickpet and also most other places in the city. However, the best place to buy the precious metal would be anywhere you get the best rates. In fact, gold rates, will not change, what will differ though is the making charges. If you have been a regular with your jeweller the chances of getting some discount in the making charges is extremely bright. You need to bargain and only bargain, if you want better rates.

16 January 2017
A good up move on January 12, 2017

Bangalore gold rates today saw a good uptrend, as prices turned firm all over again. This was a second day in a row that we were seeing a good healthy trend in gold. If the prices of the precious metal sustain over these levels, we may see a fresh up move in prices. Technically, the precious metal seems to have been in an over sold zone in December. Bangalore has seen a good rally in gold prices today and the trend may continue. Jewellers are seeing a decent demand for gold in Bengaluru in 2017. Whether the demand will sustain over the long term is difficult to say. One needs to watch and carefully see the movement after a few days. We still believe that gold prices in various cities in India will trade flat in 2017. If one recalls then in the international markets gold gave returns of 9 per cent in 2016. It looks difficult that gold would match those rates.

 

12 January 2017
The trend reversal for gold rates

We are finally seeing some kind of trend reversal in rates for gold prices in Bangalore. This has happened since late December 2016 and the trend is continuing into 2017. If the trend continues, we should see a good traction in gold prices in the coming days in Bangalore. The reversal in trend started soon after the dollar started

9 January 2017
Gold in Bangalore hold ground

Gold in the city of Bangalore held ground, as investors turned their attention to buying in the precious metal in 2017. In fact, the last few days have begun well in 2017, for gold prices in the city, which have seen good buying support. In 2016, gold rates in Bangalore were very steady and gave better returns to investors then in 2016. If you buy into precious gold in gold coins and bars, you can fetch better returns, which is a big positive for the markets. Also, if you are looking to buy gold and other ornaments as investment, we suggest that you refrain from doing so, as it would be a better proposition to buy gold ETFs instead. It is highly likely that we may see good returns in the years to come.

6 January 2017
Gold prices in Bangalore trade higher

Gold prices in Bangalore gained, as global markets saw good demand for the precious metal. Gold for 22 karats was inching closer to the Rs 27,000 mark, as investors bought heavily into the precious metal. Gold for 22 karats was last seen trading at Rs 26,990 per 10 grams for 10 grams in the city. It is unlikely that we could predict the movement of the precious metal in the coming days, though the possibility of churning our returns from the metal like in 2016, looks hazy now. If you are a buyer in the metal, you could make money with buying in the long-term.

4 January 2017
Gold rates hold ground

Gold prices in the city of Bangalore were trading steady, even as investment buying was seen following the Christmas holidays. Gold for 22 karats was last seen trading at Rs 26,790 per 10 grams in the city of Bangalore on Jan 3, 2017. Internationally, the preecious metal rose, helping to support gold prices in Bangalore. The rise in international prices of the precious metal was despite the dollar gaining in strength against a basket of currencie. The dollar has been gaining steady ground and when that happens, it tends to push prices of the precious metal lower. How far will the momentum continue in 2017, is always so difficult to predict. We might see a slightly more upward trajectory for gold in the coming days, at which time it could be a good time to sell.

3 January 2017
Gold rates in Bangalore stay steady

Gold rates in Bangalore were steady, as there was not much buying and selling that was happening on account of the extended new year holidays. Trading across the globe was thin, as investors stayed away a day after the new year holidays. Gold for 22 karats in Bangalore was last seen trading at Rs 26,750 per 10 grams, as against last years rates, which were almost at the same level. It is unlikely that we will have any significant volumes, at least in the next few days, as investors and traders returns from their holidays. Expect some meaningful returns to emerge only later in the month.

2 January 2017
Gold rates Bangalore hold ground

Gold prices in Bangalore were trading steady as investors bought into the precious metal on declines. Gold for 22 karts on January 1, 2017, was little changed in the city of Bangalore, as was gold for 24 karats. It is unlikely that we will see a big move in gold prices on account of technical factors, including some selling in the precious metal on declines. If you are looking to buy into the precious metal, it would be a good idea to forget the technical factors, if you are in for the long haul. Some analysts feel that gold can once again hit the Rs 30,000 levels, which means that it would give you a decent returns of almost 10 per cent from the current levels. International gold prices have already given returns of almost 9 per centt in 2016 and one has to watch and wait and see if we have more returns that are forthcoming this year.

1 January 2017

Disclaimer: The gold rates are sourced from local jewellers in the city. There maybe variance in rates and prices. GoodReturns.in has made every effort to ensure accuracy of information provided; however, Greynium Information Technologies Pvt Ltd, its subsidiaries and associates do not guarantee such accuracy. The rates are for informational purposes only. It is not a solicitation to buy, sell in precious gold. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates do not accept culpability for losses and/or damages arising based on gold information provided.

 
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