BIG Jump In Bangalore Gold Rate Ahead of Raksha Bandhan, 24K Rises Rs 44,700/100 Gm In 1 Month; Check 8 August

Bangalore Gold Rate Today: The unstoppable gold price rally has taken the price of 24, 22, and 18 karat gold rates in Bangalore beyond Rs 1,03,310 per 10 grams on Friday, August 8. The massive surge in gold prices today has dampened the hope of gold buyers ahead of the Raksha Bandhan celebration.

The sharp surge in prices of gold in Bangalore coincides with a massive jump in gold prices in India today. The growing demand for the precious metal is the result of gold's safe-haven rally due to rising geopolitical uncertainty and trade tensions. The price of gold has surged around more than 28% since the beginning of the year 2025.

Bangalore Gold Rate Today

The price of 24 karat gold in Bangalore has increased by Rs 76 to Rs 10,331 per gram. Likewise, the price of 22 karat gold in Bangalore surged by Rs 70 to Rs 9,470 per gram. Similarly, the price of 18 karat gold in Bangalore jumped by Rs 58 to Rs 7,749 per gram. 24 karat gold rate in Bangalore has increased by Rs 447 per gram in one month ( approximately Rs 44,700 per 100 gram).

Bangalore Silver Rate Today

Silver rate in Bangalore remained stagnant on Friday at Rs 117 per gram and Rs 1,17,000 per kilogram. The price of silver has witnessed a sharp increase due to increase in industrial demand as well as those among retail jewellery buyers. Additionally, silver has emerged as a lucrative option of investment and among retail jewellery buyers because of its attractive valuation against gold.

"Market analysts note that silver continues to benefit from its dual role: as a hedge against inflation and as a critical input in high-growth industrial applications. The metal's performance is often amplified during periods of currency volatility and global uncertainty making it a compelling tactical allocation for diversified portfolios. Investors may consider silver not only as a precious metal store of value but also as a forward-looking play on industrial innovation and energy transition," noted Aksha Kamboj, VP, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures.

The international gold rates today stayed at $ 3,390 per ounce on Friday, after the United States imposed fresh tariffs on gold imports, according to Trading Economics. The US policy shift on gold can have a wider implication on gold supply and even lift the prices. The precious metal also benefited from broader trade tensions after Trump imposed additional tariffs on a range of countries.