Bangalore Gold Rate Goes Ballistic! 24K Jumps Rs 30,000/100 Gm In 3 Days, Silver Shines Before Akshaya Tritiya

Bangalore Gold Rate Today: Gold prices in Bengaluru (Bangalore), Karnataka, rose for the third consecutive session after witnessing a sharp decline last week. The rally was seen across all purities, ie 24 karat, 22 karat, and 18 karat gold. The upward trend in Bengaluru's gold rates also comes alongside a surge in silver prices. This rebound in precious metals aligns with the broader rise in gold and silver prices across India and global markets.

For Bangalore residents, the recent jump in gold price today has come as a major dampener and has wiped out hopes of some relief ahead of the Akshaya Tritiya festival celebration. For those who are closely tracking gold and silver prices in Bangalore, here are the latest updates.

Bangalore Gold Rate Today

The price of 24 karat gold in Bangalore surged by Rs 22 per gram to Rs 15,557 per gram on Thursday, April 16. The rate of 22 karat gold in Bangalore increased by Rs 20 per gram to Rs 14,260 per gram. Likewise, the price of 18 karat gold in Bangalore rose by Rs 17 per gram to Rs 11,668 per gram.

The surge in Bangalore gold price has been continuing for the last three days, where 24 karat gold has become expensive by Rs 300 per gram on Thursday, April 16. Which means that per 100 gram of 24 karat gold in Bangalore became costlier by Rs 30,000 in the duration.

"Gold has continued to live up to its name as an all weather asset class in the wake of the ongoing geopolitical turmoil. With a pause in the hot war which lasted 40 days, US & Iran have shifted focus to diplomacy with the first round of talks held last weekend at Islamabad. While most people hoped for a substantial breakthrough from the meeting, all is not gloom and doom. It certainly served its purpose - an ice-breaker to calm things down between the warring factions and a starting point to bring an end to the war which both parties and the world at large desperately seek. (Talks between US & Afghanistan spanned 2 years before arriving at the Doha agreement)," explained Bhuvan Gupta, CIO, Client First Capital.

Bangalore Silver Rate Today

The price of silver in Bangalore stood at Rs 270 per gram and at Rs 2,70,000 per kilogram on Friday. Silver price in Bangalore has also increased in the past three days by Rs 15,000 per kilogram.