Bengaluru Gold Rates Today Drop, Nov 20; 24 & 22k Now Cheaper By Rs. 1700/100g; Silver Price Falls By Rs. 3000

Gold prices in Bengaluru experienced a slight dip today after a sharp rise yesterday, making both 24K and 22K gold rates a bit more affordable for buyers. Throughout this week, gold rates have been moving in a highly volatile pattern, swinging up and down due to multiple domestic and global triggers. One of the key factors currently influencing gold prices in India is the ongoing wedding season, which typically sees a huge spike in jewellery purchases between November and February. Any rise or fall in retail demand during this period directly impacts gold rates across major cities, including Bengaluru.

On the global front, the bullion market is looking forward to the US Federal Reserve's upcoming stance on interest rates. A stronger US dollar index is adding further pressure on international gold prices, which are expected to remain choppy in the coming days.

Gold rate in Bangalore

On 20 November, 22-carat gold rates in Bangalore today slipped by Rs. 150 to cost Rs. 114,300. Meanwhile, 24-carat gold now retails for Rs. 124,690, which fell by Rs. 170. Just like that, 18-carat gold rates in Bangalore also declined. By Rs. 120 to retail at Rs. 93,520

Gold Price Target Ahead

According to a Nirmal Bang Securities report, "Gold prices are expected to correct. One can sell at 122800 with a stop loss of Rs. 123500. Prices are expected to test Rs. 121700-Rs. 120800."

"Gold and silver prices are trading mixed today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly higher for the day; as gold prices continued to claw back losses after their recent drop, showing demand for the precious metal remains strong despite a risk-on mood in wider financial markets." The report further added.

Silver Prices in Bangalore

Bangalore silver rates today slipped by Rs. 3000 per kilogram. Currently, 1 kg of silver costs Rs. 165,000. Similarly, 100 grams of silver in Bangalore today retails at Rs. 16,500 after falling by Rs. 300.

Gold And Silver Future Price On MCX Today

On the Multi Commodity Exchange (MCX), the gold futures for December 5th, 2025, delivery are extending losses of 0.23%, at Rs. 122,767 per 10 grams. Similarly, the silver futures for the December 5th, 2025, expiry are surging today by 0.45%, trading at Rs. 155,820.

Spot Gold And Silver Trends In The Market

According to the latest reports from Reuters, "Spot gold was down 0.4% at $4,063.81 per ounce as of 0653 GMT. U.S. gold futures for December delivery fell 0.5% to $4,063.60 per ounce. Meanwhile, spot silver fell 0.6% to $51.07 per ounce."

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