Introduction
Today the gold prices in India , have spiked dramatically to all-time highs for this precious metal. Throughout the year, gold demand in this city has been strikingly strong still reaching unprecedented heights with current rates much higher than any ever charted. To those who aspire to invest in gold, knowing the daily prices of this commodity in Bangalore has become important. 22k gold is valued at ₹5,800 per gram as on January 6th, And the current rate of pure hallmarked or bullion quality also known as yellow metal being sold out in this market sits marginally higher, quoted for sale at ₹6327 per gram.
Breaking Records:
Today, the cost of 22-karat gold in India is a sparkling ₹5800 per gram and has set new highs. Other precious metals include 24-karat gold, which fetches a price of ₹6,327 per gram. This trend has been upward in the past few days with consistent price increases.
Demand on the Rise:
Alongside the price hike is increased demand for gold in Bangalore. This can be attributed to several reasons ranging from economic uncertainty, the festive season approaching and even gold being regarded as stable investing.
Beyond the Numbers:
But there is more to the Bangalore’s gold rush than numbers. It is representative of a very profound cultural sentiment for the metal, which has become part and parcel of the traditions and festivities in this city. For these people, buying gold is more than just financial security; it has become a symbol of wealth and fortune.
Take a quick overview of the prices of 22 and 24-karat Gold today
| Gold Karat | Weight | Price (INR) |
| 22 Carat | 1 gram | ₹5,800 |
| 8 grams | ₹46,400 | |
| 10 grams | ₹58,000 | |
| 100 grams | ₹5,80,000 | |
| 24 Carat | 1 gram | ₹6,327 |
| 8 grams | ₹50,616 | |
| 10 grams | ₹63,270 | |
| 100 grams | ₹6,32,700 |
Gold Rates in India for the Last 10 days per 1gm
| Date | 22K | 24K |
| Jan 6, 2024 | ₹5,800 ( 0 ) | ₹6,327 ( 0 ) |
| Jan 5, 2024 | ₹5,800 (-10) | ₹6,327 (-11) |
| Jan 4, 2024 | ₹5,810 (-40) | ₹6,338 (-44) |
| Jan 3, 2024 | ₹5,850 (-25) | ₹6,382 (-27) |
| Jan 2, 2024 | ₹5,875 ( 20) | ₹6,409 ( 22) |
| Jan 1, 2024 | ₹5,855 ( 0 ) | ₹6,387 ( 0 ) |
A quick overview for a clear comparison of the Gold Rates
| Term | 22K | 24K |
| 10 Days | ₹5,845 | ₹6,376 |
| 20 Days | ₹5,817 | ₹6,345 |
| 30 Days | ₹5,788 | ₹6,314 |
| 60 Days | ₹5,736 | ₹6,257 |
| 90 Days | ₹5,685 | ₹6,201 |
Stay Informed:
Whether you are a seasoned investor or a curious onlooker, it is essential to keep yourself up-to-date with gold prices. This update gives a view of the current scenario in the Bangalore market, however, bear in mind that its price varies from day to night. Always seek advice from a local jeweler or financial advisor to make informed decisions.
So, Bangalore, keep shining! While gold prices are expected to keep rising, the city’s love for this precious metal can only brighten further.
