Karnataka News Live 29 October 2024: Dhan Trayodashi gold rate in Karnataka, including Bengaluru

Gold rate in Karnataka today, October 29

Dhanteras, also known as Dhan Trayodashi, is a significant festival celebrated across India to mark the beginning of Diwali festivities. On this day, people buy gold and silver to bring prosperity and good luck to their homes. If you're planning to buy gold jewelry or coins on Dhanteras 2024, it's important to be aware of the latest gold rates in Karnataka, including Bengaluru.

As of October 29, 2024, the 22-karat gold rate in Bengaluru is Rs 52,500 per 10 grams, while the 24-karat gold rate is Rs 56,000 per 10 grams. These rates are slightly higher than the national average, which is Rs 52,000 per 10 grams for 22-karat gold and Rs 55,500 per 10 grams for 24-karat gold.

Factors affecting gold rates

Several factors influence the gold rates in Karnataka, including Bengaluru. The most significant factor is the international gold price, which is determined by global supply and demand. Other factors that affect gold rates include the Indian rupee's value against the US dollar, inflation, and political and economic uncertainty.

In recent months, the international gold price has been rising due to the ongoing Russia-Ukraine conflict and rising inflation. The Indian rupee has also weakened against the US dollar, which has further contributed to the rise in gold prices in India.

Dhanteras buying Muhurat

If you're planning to buy gold on Dhanteras 2024, it's important to be aware of the auspicious Muhurat timings. According to astrologers, the best time to buy gold on Dhanteras is between 6:01 pm and 8:13 pm. During this period, the Moon will be in Taurus, which is considered a favorable placement for buying gold.

Besides gold jewelry, you can also consider buying gold coins or bars on Dhanteras. Gold coins and bars are a great way to invest in gold, as they are easy to store and sell.