BIG Crash In Bangalore Gold Rate Today! 24K On Track To Fall Below Rs 1.4 Lakh For First Time Since January

Bangalore Gold Rate Today: The price of 24 karat, 22 karat and 18 karat gold in Bangalore continued to fall for another day amid Iran-US peace deal uncertainty. However, the price of silver saw some recovery on Wednesday, July 1. The recent decline came as international gold rate today continued to remain close to its eight month low mark.

The bearish trend prevailing across the metal category, has offered an opportunity to investors and potential gold jewellery buyers. Here are latest details about gold and silver rate today in Bangalore.

Bangalore Gold Rate Today

The price of 24 karat gold in Bangalore fell by Rs 126 per gram to Rs 14,078 per gram, as per Goodreturns data at 12:30 pm on Wednesday, July 1. The rate of 22 karat gold in Bangalore also saw some decline.The 22 karat gold rate today fell by Rs 115 per gram to Rs 12,905 per gram. Likewise, the price of 18 karat gold in Bangalore declined by Rs 94 per gram to Rs 10,559 per gram.

Bangalore Silver Rate Today

Silver rate today in Karnataka capital saw some uptick. Bangalore silver rate today surged to Rs 240 per gram and to Rs 2,40,000 per kilogram, as per GR data on July 1. Despite today's uptick, silver is showcasing range bound movements over the past few months, followed by wild swings in January and February.

International Gold Rate Today

International gold rate today continued to remain near its eight-month low mark. The international gold price fell below $4,000 per ounce, as per Trading Economics data on Wednesday. The recent decline came amid continued tensions in West Asia and increasing expectations of rate hike by US Federal Reserve.

"Precious metals continued to weaken as a stronger U.S. dollar and rising Treasury yields reduced the appeal of non-yielding assets, while expectations of further U.S. Federal Reserve policy tightening remained a key headwind," explained Gaurav Garg, research analyst at Lemonn markets desk.

"WTI crude oil rebounded to $70.13 per barrel (about ₹6,635 per barrel) after renewed geopolitical concerns resurfaced following Iran's refusal to hold direct talks with U.S. officials, raising fears over the stability of the Middle East ceasefire and supporting oil prices. Overall, commodity markets remain volatile as traders closely monitor geopolitical developments and key U.S. macroeconomic data," the expert added.

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