Bangalore Gold Rate Today Jumps Above Rs 1.62 Lakh Amid Iran-US Tensions, Falling Crude Oil Prices | March 10

Bangalore gold rate today: Gold prices in Bengaluru (Bangalore) surged on Tuesday, March 10, with the rates of 24-karat crossing Rs 1.62 lakh per 10 grams. The rally in Bangalore gold prices was accompanied by a rise in silver rates as well. The uptick reflects a broader bullish trend in global commodity markets, driven largely by weakness in the US dollar.
Back in Bangalore, the surge is likely to bring back the investors confidence after an overall decline in the precious metals price last week. Here are latest rates of gold and silver in Bangalore.

Bangalore Gold Rate Today

The price of 24 karat gold in Bangalore jumped by Rs 70 per gram to Rs 16,238 per gram on Tuesday, March 10. The rate of 22 karat gold in Bangalore increased by Rs 65 per gram to Rs 14,885 per gram. Whereas, the rate of 18 karat gold in Bangalore surged by Rs 53 per gram to Rs 12,179 per gram.

"The metal has corrected after an extended rally that took the price to record highs, prompting investors to take some profits off the table. Yet, the price of the precious metal is still higher than it was before the correction, showing that the demand for the precious commodity has not yet died down," stated Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures.

Bangalore Silver Rate Today

The rate of silver in Bangalore also surged on Tuesday. Silver rate in Bangalore increased by Rs 10 per gram to Rs 290 per gram and by Rs 10,000 per gram to Rs 2,90,000 per kilogram on Tuesday, March 10. While silver made single day gains, there was an overall decline in the price of the precious metal in last one month.

"The slide in silver is also in line with the overall correction in precious metals, as it is a volatile asset. The fact that it is still at lofty levels suggests that its support is not completely lost," added Kamboj.