Big Fat Jump in Gold Rate in Bangalore Today, Dec 23: 24K Gold Now at Record High: Check Latest Prices

Bangalore Gold Rate Today: Yellow metal is now very expensive for prices in Bangalore as the prices surge on Wednesday, with 24K gold jumping by Rs. 2,400 per 100 grams, hitting its all-time high. The rally in domestic gold prices comes amid renewed demand during the ongoing festivity surrounding Christmas and New Year.

Gold rate in Bangalore today

On 23rd December, the 22-carat gold price in Bangalore surged by Rs. 2000 per 10 grams, now costing Rs. 127,000. Meanwhile, 24-carat gold saw a rise of Rs. 2400, bringing its price to Rs. 138,500 per 10 grams. Similarly, 18-carat gold prices jumped by Rs 1800 and are now priced at Rs 103,910.

Just like that, the cost of 100 grams of 22-carat gold now stands at Rs 13,85,000, showing a Rs 20,000 jump, while 100 grams of 24-carat gold rates in Bangalore have spiked by Rs 24,000, retailing at Rs 13,85,000.

Silver Prices in Bangalore Today

Silver prices in Bangalore on June 2nd jumped once again. Silver rates in Bangalore per kilogram spiked by Rs. 100 to cost Rs. 100,000 per kg. The price of 100 grams of silver is currently at Rs. 10,000 after rising Rs. 10 per 100 grams.

Gold And Silver Future Price On MCX

On the Multi Commodity Exchange (MCX), gold futures, expected to mature on February 5th, 2026, are trading higher by 1.14% at Rs. 138,306. However, silver futures, with an expiry date of 5th March 2026, are also surging this morning with a rise of 1.25% at Rs. 215,526.

"MCX Gold Feb is likely to move higher towards ₹138,200 as long as it holds above 135,500. A move above ₹138,200, it would rise towards ₹139,000. Meanwhile, MCX Silver March holds strong support at the ₹208,500 level and moves higher towards ₹215,000. Above ₹215,000 it would rise toward ₹218,400." As stated in the ICICI Direct Commodity Report.

Spot Gold and Silver Prices Today

Reuters, in its latest gold report, stated that "Spot gold rose 0.7% to $4,476.15 per ounce, as of 0637 GMT, after hitting a record $4,497.55 earlier in the session. U.S. gold futures for February delivery rose 0.9% to $4,509.80. Spot silver advanced 0.6% to $69.44 per ounce."

"Spot Gold is expected to trade higher and move towards $4500 per ounce on a weaker dollar and growing prospects of more rate cuts from the US Federal Reserve. As per the CME FedWatch tool, the March rate cut probability has gone above 45%, whereas the January rate cut probability held near 20%. Further, expectations of moderation in US GDP numbers and sluggish growth in the US labour market would force Fed members to support loose monetary policy. For the day, spot gold is likely to hold support at $4430 and move higher towards $4500 per ounce. Only with a move above $4500 per ounce would it rise towards $4550 per ounce. • MCX Gold Feb is likely to move higher towards ₹138,200 as long as..." As per the ICICI Direct Commodity Report.

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