Bangalore Gold Rate Today Above Rs 1 Lakh! Is It The New Normal? Check Rates in Karnataka Capital on August 14

Bangalore Gold Rate Today: Days after falling significantly, gold prices in Bangalore remained stagnant on Thursday, August 14. The price of gold in Bangalore has been declining over the past two to three days after surging sharply last week.

The trend in Bangalore gold rate today aligned with that of gold prices today in India. The precious metal is currently at its all-time high levels. The gold-safe haven rally over the past few months has led to a nearly 25% surge in the price of the precious metal amid heightened geopolitical uncertainty and trade tariffs. Back in Bangalore, gold rates are regularly monitored by the retail jewellery buyers.

Bangalore Gold Rate Today

The price of 24 karat gold in Bangalore remained unchanged at Rs 10,135 per gram. Likewise, the price of 22 karat gold in Bangalore stood at Rs 9,290 per gram. Similarly, the price of 18 karat gold in Bangalore fell by Rs 7,601 per gram. The price of 24 karat gold has fallen nearly 1,960 per 10 gram in one week.

Bangalore Silver Rate Today

Despite stagnancy in gold rates today, the price of silver in Bangalore surged marginally. The price of silver stood at Rs 116 per gram and Rs 1,16,000 per kilogram on Thursday. Silver prices have witnessed a sharp surge over the past few months because of its attractive valuations and increase in industrial demand. For retail jewellery buyers, silver emerges as an affordable alternative to gold.

Will Gold Price Decline Ahead of Janmashtami?

Gold prices can decline on Thursday ahead of Independence Day and Janmashtami celebration. "Gold prices are expected to pullback. One can buy at 100400 with a stop loss of 100100 for the target at 100800-101200," according to Nirmal Bang brokerage.

"Silver prices are expected to rise. One can buy at 115500 with a stop loss of 114500 for the target 116800-117500," added the brokerage in its report.

The international gold price surged on Thursday amid rising geopolitical tensions and trade tariff uncertainty. The international gold rates stood at $3,370 per ounce, which marked its second increase in three days, according to Trading economics.

The movement in international gold rates today has come after a third consecutive gain as traders boosted bets on the Federal Reserve cutting rates. Investors will also keenly observe the development around United States President Donald Trump and Russian President Vladimir Putin's meeting.

"Softer US inflation data and signs of labor market cooling strengthened expectations for a September cut, with some investors anticipating a larger 50-basis-point move. Treasury Secretary Scott Bessent further fueled sentiment by urging multiple rate reductions, starting with a half-point cut. Geopolitical risk also underpinned gold as US President Donald Trump prepared to meet Russian President Vladimir Putin in Alaska on Friday," noted Ajay Kedia of Kedia Research advisory.

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