Bangalore Gold Rate Rally Continues For 2nd Straight Day! 24K Jumps Rs 32,800/100 Gm, Silver Shines| May 7

Bangalore Gold Rate Today:The price of 24 karat, 22 karat and 18 karat gold in Bengaluru, aka Bangalore, continued to rally for the second straight session on Thursday, May 7. The sharp surge in gold rate today in Bangalore mirrored the jump in precious metal price in the international bullion market. Bangalore silver rate today also surged in the last two days.

The revival in Bangalore gold rate today came as a major dampener for retail jewellery buyers and investors. As the metro city is home to multiple millionaires, startup founders and high net worth individuals, gold buying remains strong in Bangalore regardless of the wedding season. Here are all the details about the gold and silver rates today in Bangalore on Thursday, May 7.

Bangalore Gold Rate Today

The price of 24 karat gold in Bangalore increased by Rs 33 per gram to Rs 15,246 per gram, as per Goodreturns data at 12:19 pm on Thursday, May 7. The rate of 22 karat gold in Bangalore increased by Rs 30 per gram to Rs 13,975 per gram. Likewise, the rate of 18 karat gold in Bangalore surged by Rs 20 per gram to Rs 11,434 per gram on Thursday.

The rate of 24 karat gold in Bangalore has increased by Rs 328 per gram to Rs 15,246 per gram in the last two days, as per Goodreturns data. Which means that per 100 grams of 24 karat gold in Bangalore became expensive by Rs 32,800 in the duration.

Bangalore Silver Rate Today

The price of silver in Bangalore increased to Rs 270 per gram on Thursday, May 7. The rate of silver in Bangalore surged to Rs 2,70,000 per kilogram. Silver rate in Bangalore saw massive volatility in January and February, however, the precious metal rates remained stable in the following months, ie March and April.

International Gold Rate Today

The price of international gold saw range-bound movement on Thursday after seeing sharp rally in the previous session. International gold rate on Thursday stood at $4,700 per ounce, as per Trading Economics. Strong momentum in international gold rate today came against the backdrop of positive developments around the Iran-US agreement. The development led to a sharp correction in the crude oil prices and helped ease inflation concerns.

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