Gold Goes Ballistic! 24K, 22K, 18K Rates Spike in Bengaluru; Silver Shines Too | May 12 Rates

Gold Rate Today in Bengaluru: Prices of 24 karat, 22 karat, and 18 karat gold in Bengaluru witnessed a sharp surge on Tuesday, May 12. The rally in Bengaluru gold prices came despite a decline in international gold rates. But the uptick also coincided with weakness in the Indian Rupee during Tuesday's trading session. Meanwhile, silver prices in Bengaluru also registered a strong gain, reflecting renewed momentum in the precious metals market.

Jump in gold rate today in Bengaluru came after the precious metal saw a decline for more than three consecutive days. Tuesday's uptick has weakened investors' expectations of seeing further decline in gold prices.

Bengaluru Gold Rate Today

The price of 24 karat gold in Bengaluru increased by Rs 54 per gram to Rs 15,398 per gram on Tuesday, May 12. Which means that the rate of per 10 grams of 24 karat gold in Bengaluru became costlier by Rs 540 to Rs 1,53,980. Similarly, the rate of 22 karat gold in Bengaluru surged by Rs 50 per gram to Rs 14,115 per gram. The rate of 18 karat gold in Bengaluru fell by Rs 41 per gram to Rs 11,549 per gram.

Silver Rate Today in Bengaluru

The price of silver in Bengaluru saw a sharp uptick on Tuesday. Silver rate today in Karnataka capital rallied to Rs 290 per gram and to Rs 2,90,000 per kilogram. Silver price in Bengaluru saw a sharp uptick in January, where the price even touched Rs 4 lakh. The sharp jump was followed by massive crash in February.

"Gold prices experienced a slight uptick today, trading at approximately ₹1,45,113 per 10 grams ($4725.20/oz), as investors navigated the complex landscape of U.S.-Iran relations while awaiting key inflation data from the U.S. Silver also saw a rise, priced at around ₹2,65,875 per kg ($86.58/oz), reflecting ongoing safe-haven demand amid geopolitical tensions. Crude oil prices climbed to ₹9,451 per barrel ($98.94/bbl), driven by concerns over inflation and the potential for prolonged high interest rates, which have historically impacted precious metals," explained Gaurav Garg, research analyst at Lemonn markets desk.

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