Gold prices in Bengaluru surged on May 13, 2026, after the government’s late May 12 announcement hiking gold and silver import duty from 6% to 15% delivered one of the sharpest single-day price increases in India’s physical gold market in recent years.
24 carat gold in Bengaluru stands at ₹16,789 per gram, up ₹1,391 from yesterday’s ₹15,398. 22 carat gold is at ₹15,390 per gram, up ₹1,275 from ₹14,115. 18 carat gold stands at ₹12,592 per gram, up ₹1,043 from ₹11,549.
For Bengaluru consumers, 10 grams of 24 carat gold now costs ₹1,67,890 against ₹1,53,980 yesterday — an overnight increase of ₹13,910. For a typical Bengaluru wedding family purchasing 40-50 grams of bridal gold, the duty hike has added ₹55,640 to ₹69,550 to their total gold cost in a single day.
The price surge comes against an already turbulent backdrop for Bengaluru’s gold market. The city’s dominant IT sector is simultaneously reeling from a structural threat — Infosys and TCS both hit multi-year lows on May 12 following OpenAI’s enterprise deployment announcement — while gold prices have now jumped nearly 9% in two days combining global safe-haven demand and the domestic duty hike. Bengaluru’s gold market is experiencing its most significant repricing event in years.
Bengaluru’s rates match Mumbai, Kolkata, Hyderabad, Kerala, and Pune on all three caratages.
Rates are indicative and exclude GST, TCS, and other levies. Contact your local jeweller for exact rates.