BIG Fall In Bangalore Gold Rate Today, Silver Down Too! Buyers Cheer As 24K Crashes Rs 1 Lakh/100 Gm; March 23

Bangalore Gold Rate Today: The price of 24 karat, 22 karat and 18 karat gold in Bengaluru, aka Bangalore saw a massive decline on Monday, March 23. The sharp fall in Bangalore gold rate today also coincided with decline in silver prices in the city. The massive crash in Bangalore gold price came as domestic gold rates mirrored a weaker sentiment prevailing across the global bullion market.

Sharp fall in gold and silver prices today came as crude oil prices continued to rally amid global energy supply concerns due to Iran-US war in the West Asia. Back in Bangalore, which is a hub of IT techies, business executives and startup founders, gold and silver prices are tracked on a daily basis. The recent fall in gold and silver prices over the past few days has offered a lucrative opportunity to retail jewellery buyers. Here are latest details about Bangalore gold and silver rate today.

Bangalore Gold Rate Today

The price of 24 karat gold in Bangalore declined by Rs 595 per gram to Rs 14,002 per gram till 11 am on Monday, March 23. However, the 24K Gold Rate in Bangalore declined further to Rs 1,3565. Which means that per 100 grams of 24K gold in Bangalore witnessed a Rs 1,03,200 fall to Rs 13,56,500 on Monday.

The rate of 22 karat gold in Bangalore fell by Rs 545 per gram to Rs 12,835 per gram till 11 am, and later declined to Rs 12,435 per gram by 2:32 pm. The rate of 18 karat gold in Bangalore crashed by Rs 446 per gram to Rs 10,502 per gram till 11 am and fell to Rs 10,174 per gram by 2 am.

Bangalore Silver Price Today

The price of silver in Bangalore also saw a steep decline. Silver rate today in Karnataka capital fell to Rs 230 per gram and to Rs 2,30,000 per kilogram on Monday, March 23.

"Gold prices fell sharply as rising inflation concerns and expectations of higher interest rates continued to weigh on bullion, even as the U.S.-Israel conflict with Iran showed no signs of easing. Over the weekend, tensions escalated after President Trump issued a 48-hour deadline for Iran to reopen the Strait of Hormuz, warning of severe retaliation targeting critical energy infrastructure, while Tehran responded with threats to attack key regional assets and potentially shut the strait entirely. The conflict has now entered its fourth consecutive week, with continued hostilities raising fears of prolonged disruptions in global energy supply," explained Manav Modi Commodities Analyst Motilal Oswal Financial services Ltd.

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