Bangalore Gold Rate Today At Fresh Peak! 24K Up Rs 10,900 In Day; Silver Rate Today Breaks Record On Jan 14

Bangalore Gold Rate Today: The price of 24 karat gold in Bangalore and other Indian cities saw a sharp surge on Wednesday, January 14. Additionally, silver prices also saw a record jump, mirroring the persistent haven demand at the international level amid rising geopolitical tensions.

The sharp jump in gold and silver rates today came as Iran's protest continues to escalate, and the US-Venezuela tensions keep the market on edge. Additionally, growing bets of US-rate cuts have further escalated the demand for silver and gold.

Back in Bangalore, aka Bengaluru, the sharp jump in gold and silver rates on Wednesday has come as a major setback amid the ongoing wedding season. Here are the latest details about Bangalore gold rate today, and silver prices.

Bangalore Gold Rate Today

The price of 24 karat gold in Bangalore jumped significantly on Wednesday, January 14, to a fresh record high mark. The rate of 24 karat gold in Bangalore jumped from around Rs 109 per gram to Rs 14,362 per gram on Wednesday. As a result, the price of 24-karat gold in Bangalore jumped by Rs 10,900 per 100 grams to settle at Rs 14,36,200.

Bangalore Silver Rate Today

The price of silver in Bangalore surged significantly on Wednesday, January 14. Bangalore silver rate today jumped to record highs. Silver rate in Bangalore surged to Rs 290 per gram and to Rs 2,90,000 per kilogram on Wednesday.

"Silver continues to move further up than last session and sustains strong momentum. This also supports sustained interest from investors, despite some signs of caution being seen across the entire genre of precious metals. With silver holding well above recent levels, the outlook stays positive, though short-term volatility may increase as traders react to elevated prices," noted Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures.

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