Bangalore Gold Rate Today Falls Significantly! 24K Gold Drops Rs 7,600/100 Gm; Check Latest Price on August 11

Bangalore Gold Rate Today: There was a sharp decline in the price of gold in Bangalore on Monday, August 11, raising hopes of a further fall in the coming days. Bangalore gold price fell today in alignment with a sharp decline in the precious metal's rate today.

Meanwhile, the international gold rate today cooled off as its safe-haven rally hit the pause button amid easing geopolitical tensions. Investors are keenly observing developments around the United States President Donald Trump's meeting with Russian President Vladimir Putin. Back in Bangalore, the recent decline in gold rates today has brought a lucrative opportunity for retail jewellery buyers.

Bangalore Gold Rate Today

The price of 24 karat gold in Bangalore declined by Rs 76 to Rs 10,228 per gam. Likewise, the price of 22 karat gold in Bangalore fell by Rs 70 to Rs 9,375 per gram. Similarly, the price of 18 karat gold in Bangalore fell by Rs 57 per gram to Rs 7,671 per gram on Monday.

Bangalore gold price reached to its one-month high mark of Rs 10,331 per gram on August 8. The surge in gold price was led by heightened geopolitical uncertainty, trade tensions and festive season demand in India. Last week, the United States President Donald Trump announced a 50% tariff on Indian imports.

Bangalore Silver Rate Today

The price of silver in Bangalore remained stagnant at Rs 117 per gram and at Rs 1,17,000 per kilogram. Silver prices have increased significantly over the past few months amid rising industrial demand and because of their attractive valuations against gold. The gold and silver prices mentioned here are indicative and don't include additional charges like GST and making charges.

The international gold rate today fell below $3,370 per ounce on Monday, August 11. The decline in the precious metal's price indicates softening of the gold price rally amid easing geopolitical tensions. Investors will be keenly observing developments around Trump-Putin meeting, Russia-Ukraine war, etc. Other economic indicators like US economic data including inflation and retail sales, will also remain in focus this week.

Will Gold Price Fall Further?

Gold Prices are trading lower on Monday and are expected to make a range-bound movement later in the day, according to Nirmal Bang. "Gold and silver prices are trading lower today on the international bourses. We expect precious metals prices on Indian bourses to trade range bound to slightly lower for the day; as gold futures in New York declined as traders awaited clarification from the White House over its tariff policy, after a US government agency stunned the market last week by formally ruling that 100-ounce and one-kilogram bullion bars would be subject to tariffs," the brokerage added in its report.

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