Gold rate in Bangalore is offered by a number of leading banks such as HDFC Bank, ICICI Bank and SBI Bank and more. Prices of gold at Bank of Baroda as of 19th July 2012 for 10g are Rs.31596, Andhra Bank is Rs.31276 and Indian Overseas Bank is Rs.21205.
The ICICI Bank offers 10g gold at Rs. 31230, Oriental Bank of Commerce at Rs.32589, Bank of India at Rs.31,384, State Bank of India at Rs.31,195, Punjab National Bank at Rs.32582, and Punjab and Sind Bank at Rs.31735. This precious metal is in great demand not only in Bangalore, India, but all over the world and due to different events around the bullion happening globally, there has been an increase in demand and hence the price hike.
An Upward Trend Expected
Last year the gold rate in Bangalore has gained an increase of 10% and estimates are that this year the increase could even go up by 20%. This will only extend into its 12th year of bullish presence consecutively. After many years now, reserves are being increased by the Central Banks since this metal is being hoarded by a large number of investors.
Till the end of the current year, it is expected that the trend will keep in step. Gold is one of the most precious metals available in the world today. It is great to invest in it to ensure future savings. A lot of sentimental and emotional value is attached to this yellow metal across culture.
Great Choice to Get Out Of Tough Situations
A lot of people in Bangalore make the most of gold loans also to get out of difficult situations. This is a great option available and most people of Bangalore make of the options to manage funds and secure savings. Gold rate in Bangalore can be obtained from both the online and the offline resources.
Without wasting too much of time, at a click of a button, the gold rate can be obtained easily at many of the reputed sites. A large number of financial institutions and banks offer the best gold rate in Bangalore which can be referred to on the internet on a daily basis.