BIG Drop In Bangalore Gold Rate Today; 24K Falls Below Rs 1.55 Lakh/10 Gm | 5 Feb Rates

Bangalore Gold Rate Today: There was a sharp decline in the prices of gold and silver in Bangalore on Thursday, February 5, as the precious metals reversed their Wednesday's losses in the international market.

The fresh decline in gold and silver prices has come as part after the United States Federal Reserve Governor Lisa Cook on Wednesday signalled that she will not support any rate cut considering the high inflation.

Back in Bangalore, aka Bengaluru, the sharp decline in gold and silver rates today has provided a significant buying opportunity for retail jewellery buyers and retail investors.

Bangalore Gold Rate Today

The price of 24 karat gold in Bangalore declined by Rs 502 per gram to Rs 15,442 per gram at 12 pm on Thursday, February 5, as per Goodreturns data. Hence, per 10 gram of gold cost around Rs 1,54,420 on Thursday. The rate of 22 karat gold in Bangalore fell by Rs 460 per gram to Rs 14,155 per gram, and the rate of 18 karat gold in Bangalore fell by Rs 376 per gram to Rs 11,582 per gram.

Bangalore Silver Rate Today

The price of silver in Bangalore declined significantly on Thursday, February 5. Silver prices in Bangalore fell to Rs 300 per gram and to Rs 3,00,000 per kilogram.

Meanwhile, the international gold prices saw a sharp decline on Thursday. Bangalore gold rate today declined by 2% to around 4,840 per ounce, as per Trading Economics. The recent decline in precious metals has come amid renewed concerns around the Federal Reserve's policy related to interest rates.

"Gold has already provided outstanding returns and, despite the recent corrections, the medium-term outlook is positive. Forecasts by major banks indicate that gold will continue to move higher in 2026, driven by central bank purchases, expectations of rate cuts, and geopolitical tensions. While some short-term volatility and range-bound action may be expected, underlying forces could propel gold to higher levels by the end of the year. A staggered "buy on dips" strategy could be employed to tap into the upside," stated Pranav Koomar is the Founder and CEO of PlusCash.

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