Bangalore Gold Rate Today Remains Above Rs 1.4 Lakh/10 Gm | Check 24K, 22K, 18K Rates

Bangalore Gold Rate Today

The price of 24-karat gold in Bangalore jumped to Rs 14,422 per gram, as per Goodreturns data at 10:41 am on Monday, August 3. The rate of 22-karat gold in Bangalore stood at Rs 13,220 per gram. Likewise, the rate of 18-karat gold in Bangalore remained unchanged at Rs 10,816 per gram.

Bangalore Silver Rate Today

The price of silver in Bangalore stood at Rs 235 per gram and at Rs 2,35,000 per kilogram today. While gold prices often fluctuate on a daily basis, silver rates remain stable. However, the white metal broke the trend in January, when its rate surged past the Rs 4 lakh per kilogram mark. The rally was followed by a steep crash in February.

International Gold Rate Today

International gold rate today increased marginally to $ 4,050 per ounce as per Trading Economics data. The recent uptick in international gold price today came a day after the bullion recovered losses from the previous session. The recent surge came after US President Donald Trump said peace talks with Iran will resume this week after he called-off the 'Biggest attacks since WWII' against Iran.

Meanwhile, the US Federal Reserve's decision to keep interest rates unchanged at its most recent meeting indicated a cautious attitude and may support the gold prices in coming days.

"The Federal Reserve decided to keep interest rates unchanged at its most recent meeting, indicating a cautious attitude as officials deal with ongoing inflation and consistent economic growth. However, the absence of clear forward guidance has increased policy uncertainty, leading markets to reevaluate the anticipated course of future interest rate changes. The US dollar weakened as the probability of more rate increases declined, which in turn strengthened the price of gold and silver by increasing their appeal as safe havens and lowering opportunity costs," stated Ruchit Thakur, Market Analyst, VT Markets.

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