Gold prices in Bangalore jumped massively by Rs 7,100 on July 6, 2024, taking its overall surge to Rs 15,200 in 24K/100 grams in the first six days of July month. Gold prices have broadly been volatile, however, the latest rate cut hopes have made yellow metals attractive. Also, the weak dollar has supported the bullion. Meanwhile, on Saturday, silver prices surged as well.
Gold Prices In Bangalore On July 6:
24K Gold Prices: 100 grams of 24K jumped by Rs 7,100 to Rs 7,38,000, while 10 grams price surged by Rs 710 to Rs 73,800. Further, 8 grams and 1 gram of yellow metal were up by Rs 568 and Rs 71 to Rs 59,040 and Rs 7,380 respectively.
22K Gold Prices: 22K/100 grams price climbed by Rs 6,500 to Rs 6,76,500. And that of 10 grams price increased by Rs 650 to Rs 67,650. Finally, prices of 8 grams and 1 gram are up by Rs 520 and Rs 65 to Rs 54,120 and Rs 6,765 respectively.
18K Gold Prices: Massive surge was also seen in 18K of 100 grams by Rs 5,300 to Rs 5,53,500. Also, the 10 grams price surged by Rs 530 to Rs 55,350, 8 grams edged higher by Rs 424 to Rs 44,280, and lastly, 1 gram is up by Rs 53 to Rs 5,535.
Gold Prices In Bangalore Versus Other Cities:
Gold Prices In Chennai: 24/100 grams jumped by Rs 6,500 to Rs 7,44,000, and 10 grams is up by Rs 650 to Rs 74,400.
Gold Prices In Delhi: 100 grams of 24K climbed by Rs 7,100 to Rs 7,39,500 and 10 grams is up by Rs 710 to Rs 73,950.
Gold Prices In Mumbai: 24K/100 grams also surged by Rs 7,100 to Rs 7,38,000, while 10 grams of yellow metal is up by Rs 710 to Rs 73,800.
Gold Prices In Kolkata: In this city, 24K/100 grams also soared by Rs 7,100 to Rs 7,38,000, while 10 grams of yellow metal is up by Rs 710 to Rs 73,800.
Gold Prices In Kerala: In the neighbouring city of Bangalore, 24K/100 grams of gold jumped by Rs 7,100 in Kerala to Rs 7,38,000.
Gold Prices In Hyderabad: Here, 24K/100 grams price rose by Rs 7,100 to Rs 7,38,000. 10 grams of 24K is up by Rs 710 to Rs 73,800.
Gold Prices In Bangalore This Week:
22K, 24K, and 18K gold prices in Bangalore have been broadly volatile this week. 24K/100 grams gold jumped by Rs 1,000 on July 2nd, followed by another rise of Rs 7,100 on July 4, and further increased by Rs 7,100 on July 6.
24K/100 grams gold price has been unchanged on July 1, July 3rd, and July 5th.
Accordingly, in six days, gold prices jumped by Rs 15,200 in the first week of July.
Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities said, "Gold prices stayed positive, supported by a weak dollar. In Comex, gold traded at $2362, and in MCX, around ₹72,500. An eventful Friday evening with Non-farm Payroll and unemployment data will keep volatility high. Weak Non-farm Payrolls and higher unemployment data will support gold prices, whereas lower unemployment data will pressure gold. Support for gold is seen at ₹72,100 and resistance at ₹73,100."
Silver Prices In Bangalore July 6:
1 kg of silver surged by Rs 750 to Rs 93,250 on July 6, while 100 grams of this precious metal is up by Rs 75 to Rs 9,325. 10 grams is up by Rs 7.50 to Rs 932.50. Finally, prices of 8 grams and 1 gram of silver are also up by Rs 0.75 and Rs 6 to Rs 93.25 and 746 respectively.
The cheapest gold is 18K/1 gram, and the cheapest silver price is 1 gram.
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