Gold prices in Bengaluru on May 19, 2026, stand at ₹15,704 per gram for 24 karat gold, ₹14,395 per gram for 22 karat gold, and ₹11,778 per gram for 18 karat gold — aligned with the national baseline and up ₹82 per gram on 24K from yesterday’s ₹15,622.
On a 10-gram basis, 24K gold in Bengaluru costs ₹1,57,040 today. 22K gold is ₹1,43,950 per 10 grams and 18K stands at ₹1,17,780 per 10 grams.
Karnataka does not impose additional gold-specific state levies beyond the national GST framework, keeping Bengaluru’s prices aligned with the Mumbai and national baseline rather than the significantly higher Chennai premium. The ₹518 per gram difference between Bengaluru’s ₹15,704 and Chennai’s ₹16,222 on 24K gold is entirely a function of Tamil Nadu’s levy structure — both cities face identical international gold prices, import duty, and GST.
Today’s ₹82 per gram increase reflects international spot gold rising 0.4% to approximately $4,585 per ounce on Trump’s Iran strike pause, amplified by the rupee at record lows near 96 against the dollar. India’s import duty at 15% from 6% effective May 13, 2026, remains the structural driver of the gap between international gold prices and Indian retail rates.
Bengaluru’s gold market reflects the city’s unique demographic split. The traditional jewellery market in Chickpete — the city’s historic commercial district — caters to south Indian jewellery buyers seeking 22K gold in traditional Karnataka and Tamil styles, including temple jewellery, thali sets, and heavy bridal pieces. The city’s large and rapidly growing IT and startup professional community represents a different demand profile entirely — younger, more financially aware buyers who increasingly use gold ETFs, gold fund of funds through SIP platforms, and digital gold rather than physical jewellery as their gold investment vehicle. This demographic has driven Bengaluru’s significant contribution to the tripling of national gold ETF AUM to ₹1.71 lakh crore over the past two years.
Branded jewellery chains — Tanishq, Malabar Gold, Kalyan Jewellers, Bhima Jewellers — have significant retail presence across Jayanagar, Indiranagar, Koramangala, and Whitefield, serving the city’s geographically dispersed middle and upper-middle-class consumer base.
All rates are indicative and exclude GST at 3%, TCS where applicable, and making charges.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a SEBI-registered financial advisor before making investment decisions.