Bangalore Gold Rate Today Jumps For 3 Straight Sessions! 24K Jumps Beyond Rs 1.55 Lakh | Check Rates

Bangalore Gold Rate Today: The price of 24 karat, 22 karat and 18 karat gold in Bangalore saw a sharp rally over the past three days. The relentless three-day rally came after weeks of price correction in the precious metals market. Meanwhile, the silver rate in Bangalore remained unchanged on Monday.

Lakhs of high net worth individuals (HNIs), retail jewellery buyers and investors closely track the gold rate in the Karnataka capital. Here are the latest gold and silver rates in Bangalore.

Bangalore Gold Rate Today

The prices of 24-karat, 22-karat, and 18-karat gold in Bangalore saw a sharp jump on Monday, August 17. The rate of 24-karat gold in Karnataka's capital surged by Rs 53 per gram to Rs 15,566 per gram on Friday, as per Goodreturns data at 12:20 pm. The price of 22-karat gold in Bangalore increased by Rs 50 per gram to Rs 14,270 per gram. Likewise, the rate of 18-karat gold in Bangalore jumped by Rs 41 per gram to Rs 11,676 per gram.

Bangalore Silver Rate Today

The price of silver in Karnataka's capital remained unchanged on Monday. Silver rate today in Bangalore stood at Rs 250 per gram, and at Rs 2,50,000 per kilogram. Silver rate in Bangalore showcased range-bound movement over the past few months after seeing sharp volatility in January.

International Gold Rate Today

The price of bullion in the international market surged on Monday as it continued to extend gains from the previous sessions. The international gold rate increased to $ 4,400 per ounce on Monday, as per Trading Economics data. Subdued US economic data, reduced expectations for an imminent Federal Reserve interest rate hike.

"Gold is no longer rising simply because every macro variable is moving in its favour; it is holding gains even as oil and yields partially rebound. That suggests the market is increasingly pricing a more durable easing of the inflation premium and attracting momentum and allocation flows.

Above $4,300, the test is conviction. A sustained hold keeps $4,350-$4,400 in play; failure to hold $4,200 would signal profit-taking. We would still buy controlled pullbacks rather than chase vertical moves," explained Karthick Jonagadla, smallcase manager & MD and CEO Quantace Research.

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