BIG Jump In Bangalore Gold Rate Today! 24K Rises Above Rs 1.46 Lakh | Check July 22 Rates

Bangalore Gold Rate Today: The prices of 24 karat, 22 karat, and 18 karat gold in Bangalore rose sharply on Wednesday as the precious metal continued its upward trajectory over the last two to three days. Silver prices in Karnataka also followed the trend and saw a marginal uptick.

The recent surge in Bangalore gold prices is in synchronisation with movement in the international gold price market. Here are all the details about the last gold prices in Karnataka capital.

Bangalore Gold Rate Today

The price of 24 karat gold in Bangalore surged by Rs 229 per gram to Rs 14,651 per gram on Wednesday, July 22. The rate of 22-karat gold in the metro city increased by Rs 210 per gram to Rs 13,430 per gram. Likewise, the rate of 18 karat gold in Bangalore jumped by Rs 172 per gram to Rs 10,988 per gram.

Bangalore Silver Rate Today

The price of silver in Bangalore also jumped on Wednesday. Silver rate today increased to Rs 240 per gram and to Rs 2,40,000 per kilogram. Silver rate in the Karnataka capital saw a massive surge in January, followed by steep crash in February.

International Gold Price Today

International gold rate today increased to $4,200 per ounce on Wednesday, as per Trading Economics data. The recent uptick in gold prices came as the precious metal extended gains from the previous session, as investors continue to closely track West Asia tensions and rising oil prices and their impact on inflation and interest rates. However tensions between the United States and Iran continued as Donald Trump downplayed the chances of near-term talks with Iran and warned of additional strikes.

"The increased probabilities for US FED rate hike may keep some pressure on gold for short term with higher yields. For Indian investors, rupee depreciation may cushion the downside, keeping domestic gold prices in a tighter range versusinternational markets. We reiterate our medium-to-long-term outlook as structural bull market over supportive structural and cyclical fundamental factors. Investors may look for accumulation on any decline in the prices," as per Tata Mutual Fund report on gold and silver.

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