BIG Crash In Bangalore Gold Rate Today! Iran-US Strikes, Crude Rally Rattle Gold Prices In Karnataka Capital

Bangalore Gold Rate Today: The price of 24-karat, 22-karat, and 18-karat gold in Bangalore saw a sharp decline on Monday, July 13, mirroring an overall bearish trend prevailing across the global bullion market due to geopolitical tensions. The price of 24-karat gold in Bangalore declined by Rs 142 per gram to Rs 14,291 per gram on Monday.

The international gold rate today also remained under pressure on Monday due to the crude oil price rally and renewed missile strikes between the US and Iran. Back in Bangalore, the recent decline has presented a lucrative buying opportunity for investors.

Bangalore Gold Rate Today

The price of 24-karat gold in Bangalore declined by Rs 142 per gram to Rs 14,291 per gram, as per Goodreturns data at 11:22 am on Monday, July 13. The rate of 22-karat gold in Bangalore fell by Rs 130 per gram to Rs 13,100 per gram. Likewise, the price of 18-karat gold in Bangalore has declined by Rs 10,718 per gram.

Bangalore Silver Rate Today

Silver rate today in Bangalore remained unchanged despite a decline in gold prices. The price of silver in Karnataka capital stood at Rs 235 per gram and at Rs 2,35,000 per kilogram. Silver rate in Bangalore has showcased range-bound movement over the past few months after a sharp surge in January, followed by a massive decline in February.

International Gold Rate Today

International gold rate today slipped below $ 4,100 per ounce on Monday, followed by fresh strikes between Israel and Iran. "Gold prices declined sharply today as rising crude oil prices, a stronger U.S. dollar, and higher Treasury yields reduced the appeal of non-yielding assets. Spot gold is trading near $4,059.11 per ounce (approximately ₹1,41,980 per 10 grams), down 1.50%, while silver has slipped to $58.14 per ounce (around ₹2,19,740 per kg), down 2.90%," explained Gaurav Garg, research analyst at Lemonn markets desk.

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