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Today Gold Rate per Gram in Bangalore

Before venturing out to sell your gold, you must know and understand today’s gold rate per gram in Bangalore. Since the prices are dynamic, researching the rates on the day of the transaction is imperative.

Factors Affecting Gold Rate in Bangalore?

Gold rate in Bangalore is affected by several domestic and international factors including crude oil prices and economic conditions. Here are some of them in detail:

  1. Inflation: Market fluctuations are an intrinsic factor in deciding the gold price in Bangalore. As the demand increases, the price of gold in Bangalore, like the rest of India, rises according to the rate of inflation.
  2. Gold Reserves: The Reserve Bank of India holds gold reserves in the country. An influx in gold reserves is an indicator of an increased inflow of cash in the domestic market. This affects the price of gold in Bangalore significantly.
  3. Gold Market: Indians have a history and tradition of investing in gold jewellery, coins, etc. This causes heavy shifts in the demand and supply of gold, affecting its price. For example, during the wedding season, the demand for gold is high, so the price increases if the supply is short.

Various Gold Investment Options Available in Bangalore

There are several ways of investing in gold in Bangalore. They are:

  1. Investing in Gold Jewellery: Investing in gold jewellery is an age-old tradition in India. They become great gifts and offer extensive financial security to the buyer. Since gold prices are always on the rise and require minimal maintenance, buying gold jewellery is considered to be a great investment option.
  2. Investing in Gold Coins or Gold Bars: Investing in gold jewellery is a popular option, but many prefer investing in gold coins or bars instead. This option saves them from making charges which are applicable to gold jewellery. But customers should ensure to buy gold bars and coins only from reputed jewellers or registered banks.
  3. Investing in Gold ETF: Gold ETF or Exchange Traded Fund is a type of mutual fund which gives the customers the freedom to invest in gold in small quantities, or as per requirement. Gold ETFs can be sold anywhere in India with complete transparency at nominal charges.

How to Calculate Gold Rate in Bangalore?

A committee or an association in Bangalore decides the prevailing gold rate for the day. The members of such a committee are the top jewellers and traders of gold in Bangalore. The gold price is decided upon several factors such as local tariffs, duties, etc. If the government raises the duties and tariffs, the price of gold in Bangalore rises and vice versa. The government levies such duties to curb excessive consumption and maintain an equilibrium in the demand and supply of gold in the market.

How to Sell Old Gold Jewelry for Cash in Bangalore?

Muthoot Gold Point offers a convenient and transparent platform for its customers to sell their gold for instant cash. Selling gold jewellery with Muthoot Gold Point involves the following steps:

Step 1: Customers visit their nearest Muthoot Gold Point branch and get their gold evaluated.

Step 2:The gold jewellery is cleaned thoroughly with ultrasonic machines to remove any dirt. This process is done in front of the customer.

Step 3: The value, weight and purity of gold is checked on XRF machines before the customer.

Step 4: Based on the value, weight and purity of the gold, it is evaluated as per the current market rate of gold in Bangalore.

Step 5: If the customer is satisfied with the evaluation, they can hand over the gold to the representative. Muthoot Gold Point offers instant cash up to Rs 10000. If the amount is above Rs 10,000, the amount is transferred to the customer’s bank account.

Browse Gold Rate in Other Locations: Gold Rate in Vijayawada, Gold Rate in Trichy, Gold Rate in Indore, Gold Rate in Madhya Pradesh, Gold Rate in Andhra Pradesh, Gold Rate in Coimbatore, Gold Rate in Vizag

Vidya Balan with Muthoot Gold Point
Muthoot Gold Point Logo

The Muthoot Pappachan Group, with a reputation that has been shaped over decades with high quality practices, total customer satisfaction and steady growth, spanning decades in the field of business, is a legacy built on God-given values of trust, truth, transparency and tradition and has become one of the top business houses today by the grace of God.

More then 4,200 Branches across India

Over 4,200 Branches across India

132 + years of Legacy

133+ years of legacy

Over 24,000 Employees Serving Millions of Customer

Over 24,000 employees serving millions of customer

Walk in of over 1,00,000 Customers Per Day

Walk in of over 1,00,000 customers per day

Sachi Jonega Testimonials on Muthoot Gold Point

My mother and I have sold some very old gold over the past few months to three different organizations. One was a branch of an old established famous Jeweller in Mumbai while two were only buyers of gold. Of these, our experience with Muthoot Gold Point has been by far the best. We were impress.. read more

SACHIN JONEJA

Vijay Sharma Testimonial on Muthoot Gold Point

I wanted to sell some gold jewellery to pay for the construction of my house – my contractor had cheated us. I saw the MGP advertisement on a government bus and decided to meet them as I was in great need. My earlier experience of selling the gold had not been good. But, the salesperson at MGP sat.. read more

Basvaraju

Shri Narayan Testimonials on Muthoot Gold Point

I can never forget Muthoot Gold Point. If I had not come to know about MGP at the right time, I could have lost everything. In family and business, money is tight, when you need it the most. At these times, if there is a provision to sell your gold, plot of land, house and silver, then you can mee.. read more

Srinarayan

I was looking to pay the last year’s fee for my eldest son’s engineering college, I did not have enough money. My wife asked me to sell all our gold jewellery and coins we had collected over the years. I went to some local jewellers and was shocked – they offered less than half of the value of the.. read more

Vijay Sharma

Amar Singh Testimonial on Muthoot Gold Point

When my father needed an emergency by-pass, I took all the jewellery and sold gold for cash, I had to MGP, straight away. I had dealt with them earlier also. The first time I took a loan was from them to set up my parlor four years ago. Luckily, i w.. read more

AMAR SINGH

Frequently Asked Questions


1. What is the Gold Rate in Bangalore?

Gold rate in Bangalore is dynamic and changes every day. You can reach out to our representative to know the rate for 22carat gold in Bangalore.

2. What is the Price of KDM 916 Gold in Bangalore Today?

916 Hallmarked gold jewellery means that the gold has a 91.6 percent purity. This is the highest level of purity available for gold since it is required to be mixed with alloy. You can check the rate of KDM 916 gold in Bangalore above.

3. What is the Price of 1 Gram Gold in Bangalore Today?

The rate of 1 gram gold in Bangalore is subject to change every day. Our representative can help you know the gold price per gram in Bangalore.

4. What should I look for when selling gold jewelry in Bangalore?

It is important to check the day’s prevailing gold price per gram in Bangalore before selling jewellery.

5. Is It Wise to Invest in Gold in Bangalore?

Yes, investing in gold is a wise option. Gold is a historically preferred investment option in Bangalore. It is easy to invest and liquidate. Gold owners can easy walk up to a gold trader and exchange it for cash without any hassles. It has strong sustenance against inflation and is a great investment option for wealth creation.

6. What is the Last 10 Days' Price of 1 Gram Gold in Bangalore?

Please reach out to our customer care representative to know the gold rate in Bangalore for the last 10 days.

7. How to Check the Purity of Gold in Bangalore?

Here are the things you must do to check the purity of Gold in Bangalore:

  1. Free purity testing of your to ensure you get the best gold rate in Bangalore for today.
  2. The processes are 100% transparent and trustworthy
  3. Ensure that the buyer is using ultrasonic machines to clean the ornaments

8. Will Gold Price Go Down in Bangalore in 2021?

There is no guarantee that the gold price per gram in Bangalore will either increase or decrease in 2021. Since it depends on several domestic and international factors, the gold rate keeps fluctuating. Therefore, you must check the gold rate of the day before buying or selling gold.

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    Muthoot Gold Point Branch Locations

    Visit Any of Our Branches to Sell Your Gold for Instant Cash

    • Bengaluru
    • Bengaluru (Jalahalli)
    • Chennai
    • Chennai (Ambattur)
    • Coimbatore
    • Delhi
    • Ernakulam
    • Gurgaon
    • Hyderabad (Kukatpally)
    • Hyderabad (Uppal)
    • Indore
    • Kolkata
    • Madurai
    • Mumbai
    • Mysore
    • Noida
    • Pune
    • Vijayawada
    • Vizag
    • Rajahmundry
    • Ghaziabad
    • Jaipur
    • Thane
    • Thiruvananthapuram
    • Salem
    • Hubballi
    • Pitampura - Delhi
    • Nagpur
    • Barasat
    • Tirunelveli
    • Guntur
    • Warangal

    Bengaluru

    Cash for Gold in Bengaluru at Muthoot Gold Point

    Muthoot Gold point, No 49, First Floor, St John's road, S C garden, Bangalore - 560042,
    Tel: 080-42351234 & 9072002249
    Email: jewellersstreet@muthootexim.com
    Email (Van): Bangaloremobilemgp@muthootexim.com

    Chennai

    Cash for Gold in Chennai at Muthoot Gold Point

    Muthoot Gold point | No :214/9 | First Floor | Madley Road | T-Nagar | Chennai - 600017
    Tel: 044–24366336 Email: tnagar@muthootexim.com

    Coimbatore

    Cash for Gold in Coimbatore at Muthoot Gold Point

    Muthoot Gold Point, Ground Floor, Door No. 323, NTR complex, Raja Street, Coimbatore - 641001
    Mobile: 7593801161 Tel: 0422-2381234
    Email: rajastreet@muthootexim.com

    Madurai

    Cash for Gold in Madurai at Muthoot Gold Point

    Door No.9, first Floor, Manjanakara Street, South Masi Street, Madurai Tamil Nadu 625001
    Phone: 0452-2350500 Email: madurai@muthootexim.com

    Mumbai

    Cash for Gold in Mumbai at Muthoot Gold Point

    To schedule a visit at your doorstep, please call us on given phone numbers -

    Phone: 7356534111 / 7034431122
    Email: mumbaimobilemgp@muthootexim.com

    Noida

    Cash for Gold in Noida at Muthoot Gold Point

    Muthoot Gold Point, Ground floor , PlotNo-21, Block F, sector 18, Gautam Budh Nagar, Nodia UP - 201301
    Phone: 0120-4296661 Email: noida@muthootexim.com

    Delhi

    Cash for Gold in Delhi at Muthoot Gold Point

    Muthoot Gold Point, Ground Floor, Shop No.5, Plot No. 2652/53,
    Stutee Building, Bank Street, Karol Bagh, Delhi-110005
    Tel: 011-45539686 Email: bankstreet@muthootexim.com

    Kolkata

    Cash for Gold in Kolkata at Muthoot Gold Point

    Muthoot Gold Point, Ground Floor, 43, Asutosh Mukherjee Road, Near Netaji Bhavan Metro Station, Bhowanipur, Kolkata-700025
    Tel: 033-24868222 E-mail: bhowanipur@muthootexim.com

    Vijayawada

    Cash for Gold in Vijayawada at Muthoot Gold Point

    Muthoot Gold Point, D.NO:-27-14-59, Rajagopalachari Street, Beside Buckingham Post Office, Governorpet, Vijayawada,AP-520002
    Phone : 0866-2973535 / 0866-3500683
    Email: vijayawada@muthootexim.com

    Ernakulam

    Cash for Gold in Ernakulam at Muthoot Gold Point

    Muthoot Gold Point, Near Metro Pillar No.662, First Floor, AVS Building, M.G. Road, Cochin-682035
    Phone: 0484-4862677 Email: ernakulam@muthootexim.com

    Gurgaon

    Cash for Gold in Gurgaon at Muthoot Gold Point

    Muthoot Gold Point, 1st Floor, Door No. - SCF-27, Sector-14, Near Haldiram Restaurant, Gurgaon, Haryana - 122001
    Mobile: 9072001693 & 0124 – 4386468 Email: gurgaon@muthootexim.com

    Pune

    Cash for Gold in Pune at Muthoot Gold Point

    Muthoot Gold Point 351 Narayan Peth, Near Vijay Talkies, Laxmi Road Pune 411030
    Contact Number : Mobile 9072001375 / Landline : 020-24480688
    Email: pune@muthootexim.com

    Hyderabad (Kukatpally)

    Cash for Gold in Hyderabad (Kukatpally) at Muthoot Gold Point

    Muthoot Gold Point, Door No. 5-1-64/7, 1st Floor, Near Metro Pillar no. A 825, Opp Kukatpally
    Police Station, Kukatpally - Hyderabad 500072, Telangana
    Contact Number : Mobile 9072001374 / Landline : 040-23060504
    Email: kukatpalli@muthootexim.com

    Hyderabad (Uppal)

    Cash for Gold in Hyderabad (Uppal) at Muthoot Gold Point

    Door No. 2-10-27, First floor, Uppal main road, Opposite to Oculus eye Hospital,
    Uppal Medchal-Malkajgiri District, Hyderabad, Telangana - 500039
    Contact Number : Mobile 9072002583 / Landline : 040-45008378
    Email: uppal@muthootexim.com

    Indore

    Cash for Gold in Indore at Muthoot Gold Point

    Muthoot Gold Point, UG – 4/15, Bansi Trade Centre, Roshan Singh Bhandari Marg, MG Road, Indore – 452001.
    Contact Number : Mobile 9072002088 / Landline : 0731-3500113
    Email: indore@muthootexim.com

    Vizag

    Cash for Gold in Vizag at Muthoot Gold Point

    Muthoot Gold Point, Door no. 47-15-4, Ground Floor, Gurbang Complex, OPP: Gupta Bro’s(Books), Diamond Park Road,
    Dwarkanagar, Visakhapatnam-530016.
    Contact Number : Mobile 9072002093 / Landline : 0891-2552093
    Email: vizag@muthootexim.com

    Rajahmundry

    Cash for Gold in Rajahmundry at Muthoot Gold Point

    Muthoot Gold Point, G.S. Rao Complex, D.No:6-6-10,
    Ground Floor, T.Nagar, Near Kotipalli Bus stand,
    Rajahmundry, Andhra Pradesh – 533101
    Contact Number : Mobile 9072002118 / Landline : 0883-3549881 Email: rajahmundry@muthootexim.com

    Jalahalli

    Cash for Gold in Jalahalli at Muthoot Gold Point

    Muthoot Gold Point,26A ,First Floor , T Dasarahalli,
    Jalahalli Cross ,metro Pillar # 459 Near Rockline Mall Bangalore,
    560057
    Contact Number : Mobile 9072001452 / Landline : 080-23341234
    Email: jalahallicross@muthootexim.com

    Ghaziabad

    Cash for Gold in Ghaziabad at Muthoot Gold Point

    Muthoot Gold Point,No.2, Upper Basement, Plot No. H-1,
    Opposite Bikaner Sweet, Ambedkar Road Ghaziabad,
    Uttar Pradesh- 201001
    Contact Number : Mobile 9072001752 / Landline : 0120-3584659
    Email: ghaziabad@muthootexim.com

    Ambattur

    Cash for Gold in Ambattur at Muthoot Gold Point

    Muthoot Gold Point,No 18, F2, First Floor,
    Mounasamy Madam St, Venkatapuram, Ambattur,
    Chennai, Tamil Nadu 600053
    Contact Number : Mobile 9072002386 / Landline : 044-26570020
    Email: ambattur@muthootexim.com

    Jaipur

    Cash for Gold in Jaipur at Muthoot Gold Point

    Muthoot Gold Point, No-G-22, ground floor, front side of Jagdamba tower,
    plot no-E3, Amrapali Circle, Vaishali Nagar, Jaipur, Rajasthan-302021.
    Contact Number : Mobile 9072002473 / Landline : 0141-3504839
    Email: jaipur@muthootexim.com

    Mysore

    Cash for Gold in Mysore at Muthoot Gold Point

    Muthoot Gold Point, No 95/A, First floor,
    D Devaraja Urs road,Mysore Karnataka 570001
    Contact Number : Mobile 9072001257 / Landline : 0821-2347234 Email: mysuru@muthootexim.com

    Thane

    Cash for Gold in Thane at Muthoot Gold Point

    Muthoot Gold Point, Shop No.01, 02, Ground Floor, Akash Chambers,
    Tembi Naka, Near Civil Hospital, Thane Village, Thane West – 400601
    Contact Number : Mobile 9072002495 / Landline : 022-20814441 Email: thane@muthootexim.com

    Cash for Gold in Thiruvananthapuram at Muthoot Gold Point

    Muthoot Goldpoint, KMS Building, No 72/2742 to 2745
    Near Ramchandran textiles, Attakulangara, Thiruvananthapuram, Kerela-695023.
    Contact Number : Mobile 9037931509 / Landline : 04712992822 Email: thiruvananthapuram@muthootexim.com

    Cash for Gold in Salem at Muthoot Gold Point

    Muthoot Gold Point, Door no.89, Shop no. 9 & 10, Ground Floor,
    Maruthi shopping plaza, AVR Nagar, Salem - 636004.
    Contact Number : Mobile 9037943779 / Landline : 0427 -4510763 Email: salem@muthootexim.com

    Cash for Gold in Hubballi at Muthoot Gold Point

    Survey no 2394 and 2395/2B, Municipal no 2364:1,
    Station Road, opposite Harsha Complex, Hubballi, Karnataka 580020.
    Contact Number : Mobile 9037943781 / Landline : 08364278374 Email: hubballi@muthootexim.com

    Cash for Gold in Pitampura - Delhi at Muthoot Gold Point

    Muthoot Gold Point, Ground floor, Property No. 1, Kapil Vihar,
    Near Kohat Enclave Metro Station, Pillar No. 346, Pitampura, Delhi 110034.
    Contact Number : Mobile 90379 43783 / Landline : 011-46016342 Email: pitampura@muthootexim.com

    Cash for Gold in Nagpur at Muthoot Gold Point

    Muthoot Gold Point, Shop No. 2, Lajwanti Complex,
    Central Avenue, Itwari, Near Chitaroli Square Metro Station, Nagpur, Maharashtra 440002
    Contact Number : Mobile 90379 43785 / Landline : 0712 450 8807 Email: nagpur@muthootexim.com

    Cash for Gold in Barasat at Muthoot Gold Point

    Muthoot Gold Point, 1st floor, Diamond Tower , 82/3 KNC Road,
    Above Kotak Mahindra Bank, Opposite Vidhan Cinema, Barasat, West Bengal - 700124
    Contact Number : Mobile 7356002296 / Landline : 033-2552-5001 Email: barasat@muthootexim.com

    Cash for Gold in Tirunelveli at Muthoot Gold Point

    Muthoot Gold Point, MPM Complex, D No. 25, First Floor, Swami Nellaiappar High Road,
    Sripuram, Above Indusind Bank, Tirunelveli, Tamil Nadu - 627001
    Contact Number : Mobile 73560 02281 / Landline : 0462-4050069 Email: tirunelveli@muthootexim.com

    Cash for Gold in Guntur at Muthoot Gold Point

    Muthoot Gold Point, Door No. 5-37-163/A, Ground Floor,
    S & S Chambers, 4/13 Brodipet, Opposite Singapore Plaza, Guntur, Andhra Pradesh, 522002
    Contact Number : Mobile 7356001168 / Landline : 0863 3527306 Email: guntur@muthootexim.com

    Cash for Gold in Warangal at Muthoot Gold Point

    Muthoot Gold Point, Door No. 8-4-92, First Floor, Railway Station Road,
    Opposite PVR Mall, Warangal, Telangana – 506002
    Contact Number : Mobile 7356002206 / Landline : 087 04060559 Email: warangal@muthootexim.com
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