BIG Drop In Bangalore Gold Rate Today! 24K Down Rs 18,000 In 12 Days; Check 25 Aug Rates in Karnataka Capital

Bangalore Gold Rate Today: There was a sharp decline in the prices of gold in Bangalore and other Indian cities on Monday, August 25. Recent corrections in the price of precious metals have come amid sustained geopolitical uncertainty and stock market volatility.

A decline in gold prices in Bangalore has come after the gold rate in India witnessed a highly volatile session last week. The recent reduction in gold rate today has raised expectations among retail jewellery buyers of further decline ahead of the festive season. Gold demand may surge among retail jewellery buyers amid the ongoing Onam and Ganesh Chaturthi festival celebrations, set to begin this week.

Bangalore Gold Rate Today

The price of 24 karat gold in Bangalore declined by Rs 11 per gram to Rs 10,151 per gram. Likewise, the price of 22 karat gold in Bangalore fell by Rs 10 to Rs 9,305 per gram. The price of 18 karat gold in Bangalore fell by Rs 8 per gram to Rs 7,614.

The gold rate in Bangalore remained highly volatile over the past month. The price of 14 karat gold fell by Rs 18,000/ per 100 gram from Rs 10,33,100 per 100 gram on 8 August to Rs 10,15,100 per 100 gram on Monday, August 25.

Silver Gold Rate in Bangalore Today

Unlike gold, the price of silver in Bangalore surged on Monday. The white metal is hovering close to its high levels. Silver rates in Bangalore stood at Rs 121 per gram and at Rs 1,21,000 per gram. Silver often emerges as an affordable option for retail jewellery buyers compared to gold.

International Gold Rate Today

The price of gold dipped to around $3,360 per ounce on Monday, after increasing by around 1% in the previous session, according to Trading Economics. The international gold rate today fell after the US dollar attempted to recover from the US Fed's dovish stance. Earlier, US Fed Chair Jerome Powell signalled of potential rate cuts in the coming months.

Gold, Silver Price Outlook

The price of gold may see some increase during the day, according to Nirmal Bang's technical outlook for the yellow metal. "Gold prices are expected to rise. One can buy at 100100 with a stop loss of 99800 for the target at 100500-100800," noted brokerage in its report.

The price of silver is likely to surge on Monday. "Silver prices are expected to rise. One can buy at 115300 with a stop loss of 114200 for the target 116500-117500."

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