Today’s Gold Price In Bangalore
Today, the gold price in Bangalore is ₹77,350/10 grams. Yesterday, on 01-12-2024, the gold price was ₹78,000/10 grams, and last week, on 28-11-2024, the gold price was ₹77,350/10 grams.
Gold Rates In Grams – Gold Price In Bangalore
Gold Price In Bangalore as of 02/12/2024.
1 gram: ₹7,735
8 grams: ₹61,880
10 grams: ₹77,350
100 grams: ₹7,73,500
24k Gold Rate In Bangalore
Gold Price of 24k Gold Rate In India as of 02/12/2024.
| 24K Gold Rate | Current day | Previous day |
| 1 | ₹ 7,735 | ₹ 7,800 |
| 8 | ₹ 61,880 | ₹ 62,400 |
| 10 | ₹ 77,350 | ₹ 78,000 |
| 12 | ₹ 7,73,500 | ₹ 7,80,000 |
22k Gold Rate In Bangalore
Gold Price of 22k Gold Rate In Bangalore as of 02/12/2024.
| 22K Gold Rate | Current day | Previous day |
| 1 | ₹ 7,090 | ₹ 7,150 |
| 8 | ₹ 56,720 | ₹ 57,200 |
| 10 | ₹ 70,900 | ₹ 71,500 |
| 100 | ₹ 7,09,000 | ₹ 7,15,000 |
18k Gold Rate In Bangalore
Gold Price of 18k Gold Rate In Bangalore as of 02/12/2024.
| 18K Gold Rate | Current day | Previous day |
| 1 | ₹ 5,801 | ₹ 5,850 |
| 8 | ₹ 46,408 | ₹ 46,800 |
| 10 | ₹ 58,010 | ₹ 58,500 |
| 100 | ₹ 5,80,100 | ₹ 5,85,000 |
Gold Rate In Bangalore For the Last 10 Days (1 Gram)
The following table shows the Gold price data for the Last 10 days, from 23-11-2024 to 02-12-2024.
| Date | 24K Gold Rate | 22K Gold Rate |
| Dec 02, 2024 | ₹ 7,735 | ₹ 7,090 |
| Dec 01, 2024 | ₹ 7,800 | ₹ 7,150 |
| Nov 30, 2024 | ₹ 7,800 | ₹ 7,150 |
| Nov 29, 2024 | ₹ 7,811 | ₹ 7,160 |
| Nov 28, 2024 | ₹ 7,735 | ₹ 7,090 |
| Nov 27, 2024 | ₹ 7,751 | ₹ 7,105 |
| Nov 26, 2024 | ₹ 7,724 | ₹ 7,080 |
| Nov 25, 2024 | ₹ 7,855 | ₹ 7,200 |
| Nov 24, 2024 | ₹ 7,964 | ₹ 7,300 |
| Nov 23, 2024 | ₹ 7,964 | ₹ 7,300 |
Is Gold Investment A Safe Option In Bangalore?
Gold investment in Bangalore is considered relatively safe due to its historical value retention and steady demand. It acts as a hedge against inflation and economic instability. However, like any investment, it carries risks, so it’s essential to assess market trends and personal financial goals before investing.
Gold Investment In Bangalore – Quick Summary
Gold investment in Bangalore is a popular option due to its stability and value retention. It offers protection against inflation and economic uncertainty. Investors can choose from physical gold, gold ETFs, or sovereign gold bonds, depending on their risk appetite and financial goals.
Today’s Gold Price In Bangalore – FAQs
The gold rates in Bangalore today are as follows:
24K gold rate: ₹7,735 per gram
22K gold rate: ₹7,090 per gram
Today’s 22-carat gold rate in Bangalore is ₹6,952 per gram, as per the latest market information.
Investing in gold in Bangalore offers several benefits, including a hedge against inflation, portfolio diversification, and a stable store of value. Gold is also a safe investment during economic uncertainty, with high demand in the region, making it a reliable asset for long-term wealth preservation.
1 gram of gold in Bangalore costs ₹7,582 for 24K gold and ₹6,952 for 22K gold, based on today’s rates.
Based on the Union Budget 2024 for India, here are the revised tax implications for buying gold in Bangalore:
Goods and Services Tax (GST): A 3% GST is levied on the purchase of physical gold, such as jewelry and bullion, which is added to the final cost.
Making Charges: A 5% GST applies to making charges when purchasing gold jewelry.
Capital Gains Tax:
Short-Term Capital Gains (STCG): If gold is sold within 24 months, the gains are taxed based on your income tax bracket.
Long-Term Capital Gains (LTCG): For gold held for over 24 months, the gains are taxed at 12.5%, with the previous benefit of indexation removed.
Tax Collected at Source (TCS): A 1% TCS is applied to gold purchases exceeding ₹2 lakh. This can be refunded when filing income tax returns if your total income falls below the taxable threshold or is already accounted for.
Import Duty: A 15% import duty is imposed on gold imports, impacting the final retail price in India.
18-karat gold is an alloy made up of 75% pure gold and 25% other metals like silver or copper. It offers a balance between purity and durability, making it a popular choice for high-quality, long-lasting jewelry.
22-karat gold is an alloy containing 91.6% pure gold and 8.4% other metals like copper or silver. Known for its rich yellow color, it offers a good balance of purity and durability, making it ideal for high-quality jewelry.
24-karat gold is pure gold, consisting of 99.9% gold with no alloy metals. It has a bright, vibrant yellow color but is softer and more malleable, making it less ideal for jewelry. It’s commonly used in investments like gold bars and coins.
Gold is considered a good investment due to its ability to hedge against inflation and economic instability. It offers long-term stability, liquidity, and diversification benefits for a portfolio, though its prices can fluctuate. It’s often used as a safe haven asset.
Gold prices vary across India due to factors like local demand, supply, transportation costs, and regional taxes. Additionally, fluctuations in global gold prices, import duties, and currency exchange rates also influence the pricing, leading to variations in different cities.
