Bangalore Gold Rate Today: Gold Stages Strong Comeback, Hits 2-Month High! Check 24K, 22K, 18K Rates

Bangalore Gold Rate Today: The prices of 24 karat, 22 karat, and 18 karat gold in Bangalore staged a sharp rebound on Tuesday after Monday's brief decline. The recent surge in gold prices came as the international gold rate today surged, as investors' demand for the precious metal increased despite persistent geopolitical uncertainty and weakness in the Indian Rupee.

Back in Bangalore, the recent jump in gold prices is likely to deter gold jewellery buyers and investors from purchasing fresh articles. Here are all the details about gold prices in Bangalore.

Bangalore Gold Rate Today

The rate of 24-karat gold in Bangalore increased by Rs 316 per gram to Rs 15,513 per gram, as per Goodreturns data at 11:50 am on Tuesday. The rate of 22-karat gold in Bangalore increased by Rs 290 per gram to Rs 14,220 per gram. The rate of 18-karat gold in Bangalore jumped by Rs 237 per gram to Rs 11,637 per gram. The recent jump, helped gold prices hit their two month high mark on Tuesday, August 11, as per Goodreturns data.

Bangalore Silver Rate Today

The price of silver in Bangalore followed the trend and saw a marginal jump on Tuesday. The rate of silver in the Karnataka capital increased to Rs 255 per gram and to Rs 2,55,000 per kilogram, as per Goodreturns data.

International Gold Price Today

International gold price on Tuesday climbed above $4,400 per ounce on Tuesday, as it surged to its highest level in two months, as per Trading Economics data. The recent rally in gold prices came as investment demand for precious metals improved despite rising inflationary risks and expectations for interest rate hikes fueled by surging oil prices. While there is heightened uncertainty over the Iran-US war and the Strait of Hormuz reopening, Chinese institutional investors continued to increase their bullion holdings as a hedge against volatility in other markets. China's gold-backed exchange-traded funds recorded their longest streak of flows in months.

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