Need cash for gold right now? You are in the right place

Today's Live Gold Rate in Bangalore

Check the latest 22K and 24K gold rates before selling your gold. Gold rates change during market hours, so the final value is confirmed after checking the live rate, exact weight, and purity of your gold.

At Benaka Gold Company, we calculate your gold value using the current market rate, transparent purity testing, and clear valuation.

Today's Indicative Rates in Bangalore

Rates change daily. Always check the live widget above for the exact rate at the time of your visit.

Want a deeper look at gold rates? Read our guide: Gold Rate in Bangalore Today

Knowing today’s gold rate is just the first step. At Benaka, we believe in full transparency, which is why we calculate your final cash payout right in front of you using a clear formula.

Final Cash Formula

Cash Amount = Exact Weight × Purity × Live 24K Rate

Real Example: Exactly What to Expect

Suppose you bring in a 10 gram gold chain that our XRF machine verifies as 22 karat / 91.6% pure. If today’s live 24K rate is ₹15,398 per gram, your calculation looks like this:

10g × 0.916 × ₹15,398 = ₹1,41,046

That ₹1,41,046 is the gross value of your gold. From this, Benaka only deducts the weight of non-gold materials like stones, enamel, or solder joints.

The Benaka Guarantee: We do not deduct making charges, wastage fees, or any hidden costs.

Cash Value Table – Quick Reference

Approximate payout based on sample live gold rates.

• 5 grams: 22K Gold Value Approx ₹70,523 and 24K Gold Value Approx ₹76,990.
• 10 grams: 22K Gold Value Approx ₹1,41,046 and 24K Gold Value Approx ₹1,53,980.
• 15 grams: 22K Gold Value Approx ₹2,11,569 and 24K Gold Value Approx ₹2,30,970.
• 20 grams: 22K Gold Value Approx ₹2,82,092 and 24K Gold Value Approx ₹3,07,960.

Note: The values above are indicative and based on sample rates. Always use the live widget above for today’s exact figures.

Want to calculate your own gold’s value? Try Our Gold Cash Calculator

3 FAQs for This Section

Q4: Do you deduct making charges or wastage fees when buying my gold?

No, we never deduct making charges. Making charges are a manufacturing cost you paid when you originally bought the jewellery; they should not reduce your resale value today. At Benaka Gold, your final cash payout is completely transparent and calculated purely on three factors: exact gold weight × verified purity × today’s live market rate. There are absolutely zero hidden fees or arbitrary deductions.

Q5: Do I get paid for the precious stones and diamonds in my gold jewellery?

Yes, absolutely. While most local buyers completely ignore precious stones and only pay you for the gold weight, Benaka Gold ensures you receive maximum value. Our in-house experts use professional gemological tools to independently assess the value of your diamonds, rubies, or other precious stones. We then add this stone value to your total gold payout.

Q6: Is the weight of the chain clasps, hooks, or springs included in the valuation?

Yes, provided they are made of gold. We include the total weight of your item, including all clasps and hooks, as long as our advanced XRF machine verifies they contain gold. If a clasp or spring contains non-gold metal, we only exclude the weight of that specific non-gold component.

Have an old gold chain collecting dust? Whether it is a thin daily wear chain or a heavy bridal haar, Benaka guarantees top cash value for gold chains of all types.

We buy every type of gold chain, including:

• Plain gold chains (22K, 18K, 24K)
• Fancy and designer chains
• Broken, cut, or tangled chains
• Chains with pendants or lockets
• Antique and temple jewellery chains
• Box, rope, figaro, and curb chains

What Determines the Cash Value of Your Gold Chain?

When you sell a gold chain, two things matter most: weight and purity. A heavier chain in higher karat gold gives you more cash. The intricate design, luxury brand name, or original making charges do not affect what we pay we strictly pay for the actual gold content.

The Hollow Chain Misconception: Many customers don't realize that hollow gold chains look identical to solid chains but weigh significantly less. For example, a hollow chain might weigh 3–4 grams less than a solid chain of the exact same length, which means a lower cash value. Our advanced XRF machine measures your gold's exact purity regardless of whether the chain is hollow or solid, ensuring you always get a 100% fair and honest valuation.

Broken Chains? No Problem. Broken gold is still gold. We buy damaged, tangled, or snapped chains at the exact same live market rate. The physical condition of your chain does not reduce its cash value, only the weight and purity matter.

Selling other gold items too? See our Complete Gold Buying Services for everything we accept.

3 FAQs for This Section

Q7: Do you buy hollow gold chains for cash?

Yes, we buy hollow gold chains at the exact same live market rate as solid gold. The only difference between a hollow chain and a solid chain is the total weight. Because a hollow chain is lighter, your cash payout simply reflects its actual gold content. Our advanced German XRF machine accurately verifies the exact purity of hollow chains without causing any damage, ensuring you get a 100% fair and honest valuation.

Q8: Can I sell a broken or damaged gold chain with missing pieces?

Yes, absolutely. Broken gold is still valuable gold. We buy damaged, snapped, bent, tangled, or incomplete gold chains at their full live market value. The physical condition or appearance of your jewellery does not reduce the cash amount we pay. At Benaka Gold, your payout is determined strictly by the exact weight and verified purity of the gold you bring us.

Q9: Can I sell a gold chain that has a stone pendant attached?

Yes, you can. When you bring in a chain with an attached pendant, we professionally assess both items separately to maximize your payout. If the pendant is made of gold, we calculate its weight and purity alongside the chain. If the pendant contains precious gemstones or diamonds, our in-house experts will independently evaluate the stones and add their exact value to your total cash payout.

You do not have to limit yourself to chains. At Benaka Gold Company, we buy every type of gold jewellery for instant cash whether it is a brand new piece, an inherited antique, or a damaged ornament you no longer wear.

We do not care about the condition of the jewellery; we only care about the gold content. We instantly buy all of the following:

• Necklaces, Chokers, and Haars
• Bangles, Kadas, and Bracelets
• Rings engagement rings, bands, and daily wear
• Earrings and Jhumkas even if you lost the matching pair
• Antique and Temple Jewellery
• Scrap, Melted, or Broken Gold

Which Jewellery Gives the Highest Cash Value?

Higher karat means higher purity, and higher purity means more cash per gram. Here is a quick comparison:

• 24K gold: Coins and bars have the highest purity and usually give the highest cash per gram.
• 22K gold: Most Indian jewellery is 91.6% pure and gives excellent cash value.
• 18K gold: Hallmarked designer jewellery is 75% pure and still gives good value.
• 14K gold: 58.5% pure gold gives a lower payout, but it still has fair market cash value.

Our advice: Do not mix jewellery of different karats into one batch. Bring them separately so each piece is tested and valued at its own purity. This ensures you get the correct amount for every piece.

Wondering whether to sell or pledge your jewellery? Read our guide: Sell Gold vs Pledge Gold Which Is Better?

3 FAQs for This Section

Q10: Do I need the original purchase bill or invoice to sell my gold jewellery?

No, you do not need the original bill to sell your gold. It is completely legal to sell gold without an invoice. At Benaka Gold, we simply require a valid government-issued ID such as an Aadhaar Card to complete the secure, mandatory KYC process. While having the original purchase receipt is helpful for your own records, missing it will never prevent you from selling your gold, nor will it lower the cash amount you receive.

Q11: Can I sell diamond jewellery or gold ornaments with coloured stones?

Yes, we buy all types of diamond and gemstone-studded gold jewellery. Unlike buyers who only pay for the metal weight, Benaka Gold ensures you are compensated for the full piece. We first assess the gold portion at the live market rate using our XRF machine. Then, our in-house experts professionally evaluate your diamonds or coloured stones and add their exact value directly to your total payout.

Q12: What happens if I want to sell a mix of 22K and 18K gold pieces at the same time?

We test and value every single piece individually so you get the maximum payout. You should never allow a buyer to test mixed-purity jewellery together, as they may use a lower blended rate to reduce your payout. At Benaka Gold, our German XRF machine strictly analyzes each item separately. This guarantees you are paid the correct, highest live market rate for your 22K pieces, your 18K pieces, and every other karat in your collection.

Selling your gold at Benaka is fast, secure, and hassle-free. The entire process takes less than 30 minutes from the moment you walk in. Here is our completely transparent step-by-step process

Step 1: Visit a Branch or Book Free Doorstep Service

With over 40+ Benaka Gold Company branches across South India, finding a trusted buyer near you is easier than ever. Walk into your nearest branch, or give us a call to book our free doorstep gold-buying service. We will bring our secure, transparent process directly to your home or office at a time that perfectly suits your schedule.

Find Your Nearest Branch

Step 2: 100% Damage-Free XRF Purity Testing

Our expert places your gold inside our advanced German XRF machine. You watch the screen as it displays the exact purity percentage of your gold in under 60 seconds. No melting. No scratching. Zero damage to your jewellery.

Step 3: Transparent Weighing & Written Quote

We weigh your gold on a legally certified digital scale right in front of you. We then provide a clear, written quote that outlines:

• Exact gold weight in grams
• Verified purity percentage, such as 91.6% for 22K
• Today's applied live market rate
• Your final cash amount payable

Step 4: You Decide Zero Pressure

You review the written quote. If you are satisfied with the value, we proceed. If you change your mind, you simply take your gold back. There are no evaluation charges and absolutely no pressure to sell.

Step 5: Instant Payment

Once you accept the quote, we pay you immediately. You choose the method that works best for you:

• Cash: Up to ₹1,99,999, strictly following RBI guidelines.
• UPI / GPay / PhonePe: Instant transfer.
• NEFT / IMPS Bank Transfer: Reflects in your account within minutes.

Can't visit us? Book our Doorstep Gold Buying Service we come to you.

3 FAQs for This Section

Q13: How long does the entire cash for gold process take at Benaka?

The entire process takes less than 30 minutes from the moment you arrive. We value your time and have designed our process to be entirely frictionless. Our advanced German XRF testing takes under 60 seconds, while precision weighing and mandatory KYC verification take just about 10 minutes. Once you accept our transparent written quote, your final payment is processed instantly before you leave the branch.

Q14: Can I sell my gold for cash at home without visiting a branch?

Yes, we offer a completely free doorstep gold-buying service across all of South India. You do not need to step outside to get top market value for your gold. Simply call us to book a home visit, and our highly trained executive will bring our portable XRF testing machine directly to your home or office. We test your gold in front of you, provide a written quote, and pay you on the spot with the exact same transparency as our physical branches.

Q15: What payment method gives me the fastest cash at Benaka?

Bank transfers via NEFT or IMPS are incredibly fast and typically reflect in your account within 5 to 15 minutes. Please note that to strictly comply with RBI guidelines, any transaction payout exceeding ₹1,99,999 must legally be processed via secure bank transfer.

Most people assume all gold buyers pay the same. They do not. Here is an honest comparison:

The real difference: Jewellers primarily want to sell you new jewellery. When you bring old gold to them, they push exchange credit, which means you only get value if you spend it on their new jewellery. Pawnshops estimate purity without proper machines. At Benaka, we buy gold. That is our only job. So we price it correctly every single time.

You do not need many documents. Here is all you need:

Mandatory

• Aadhaar Card: Required for KYC verification under PMLA rules.

Required Only for Transactions Above ₹2,00,000

• PAN Card

Optional but Helpful

• Original gold purchase bill: Speeds up KYC, but it is not mandatory.
• Address proof: Needed only if your Aadhaar address is outdated.

You Do Not Need

• Original bill or invoice selling gold without a bill is 100% legal.
• Hallmark certificate.
• Proof of inheritance for inherited jewellery. Aadhaar is sufficient.

Questions about the KYC process? Contact our team. We are happy to guide you before your visit.

3 FAQs for This Section

Q16: Can I sell inherited or gifted gold without original purchase bills?

Yes, you can easily sell inherited or gifted gold using just a valid government ID, such as an Aadhaar card. You are not legally required to provide proof of inheritance or original purchase invoices to show how you acquired the gold. Under standard KYC guidelines, we simply need to verify your personal identity. Please note that a PAN card is only required if your total final payout exceeds ₹2,00,000.

Q17: What if I don't have a PAN card for a transaction over ₹2 Lakhs?

For any single gold transaction exceeding ₹2,00,000, providing a PAN card is legally mandatory under Indian Income Tax rules. However, if you do not currently have a PAN card, do not worry. You can choose to sell a smaller portion of your gold today, keeping the payout under the ₹2 Lakh limit, and sell the remainder at a later date. Alternatively, our expert team is happy to guide you on how to apply for a PAN card quickly.

Q18: Is my personal information and KYC data safe when I sell gold at Benaka?

Yes, your absolute privacy and data security are our highest priorities. We collect your KYC details strictly to comply with mandatory government regulations, including the Prevention of Money Laundering Act. Your personal information is stored securely and is never shared with, or sold to, third parties. Furthermore, every customer receives a fully documented, printed receipt to ensure you have a safe, official record of your transaction.

Branches and Service Areas