Gold prices in Bangalore are approaching the Rs.87,000 mark, continuing their upward trend for the second consecutive day. The recent surge in gold prices is mainly due to rising investor demand, fueled by growing concerns over a potential global trade war.
On 18th February 2025, 22-carat gold rates in Bangalore jumped by Rs. 300 per 10 grams to cost Rs. 79,700 per 10 grams, and similarly, the 24-carat gold rates in Bangalore per 10 grams spiked Rs. 330 to retail at Rs. 87,950. Just like that, the 18-carat gold prices also experienced a rise of Rs. 240 per 10 grams and are currently priced at Rs. 65,210 per 10 grams.
For those looking for a bulkier option, 100 grams of 24-carat gold prices in Bangalore are now priced at Rs. 8,79,500 after witnessing the rise of Rs. 3,300, while the 22-carat gold in Bangalore rose by Rs. 3,000 to cost Rs. 7,97,000.
Unstoppable Rise in Gold Prices
Gold prices saw a slight increase on Monday, recovering from their biggest one-day drop in two months, triggered by concerns over President Donald Trump's latest trade threats.Bangalore gold rates are reaching new highs each day. While gold prices did dip slightly last week, this week the yellow metal is gaining bullish momentum due to the strengthening dollar index and growing uncertainty surrounding Trump's tariffs on various countries.
Gold Rates in Indian Cities
Yellow metal rates have been rising throughout the country; here are some of the gold rates in Indian cities:
Gold rates in Hyderabad today 22 carat gold is currently at Rs. 79,700, while 24 carat gold rates stand at Rs. 86,950.
Gold rates in Chennai today rose by Rs. 330 per 10 grams for 22-carat gold, which retails at Rs. 79,700, while 24-carat gold costs Rs. 86,950 per 10 grams.
Gold prices in Delhi today also jumped higher by Rs. 300 per 10 grams for 22-carat yellow metal, which currently costs Rs. 79,850, while the 24-carat gold rates per 10 grams cost Rs. 87,100 in Delhi.
Silver Prices in Bangalore Today
Silver prices in Bangalore today per kilogram currently cost Rs. 100,500 per kg after experiencing no movement for four consecutive sessions. The price of 100 grams of silver is currently at Rs. 10,050.
Gold Prices on the MCX
Gold prices on MCX (Multi Commodity Exchange) are trading near the 85,000 mark. Gold futures, expected to mature on April 4, 2025, jumped by 0.36% to trade at Rs. 85,243. Meanwhile, silver futures, with an expiry date of March 5, 2025, traded higher this morning by 0.27%, trading at Rs. 95,836
Spot Gold and Silver Prices Today
Recent data from Reuters shows that spot gold rose by 0.2%, reaching $2,903.56 as of 0301 GMT, while U.S. gold futures gained 0.6%, trading at $2,916.80. On the other hand, spot silver saw a decline of 1.5%, dropping to $32.30 per ounce. The rise in gold prices continued on Tuesday, fueled by ongoing uncertainty surrounding U.S. President Donald Trump's tariff plans, which are weighing heavily on global sentiment. Investors are seeking safe-haven assets like gold amid concerns over the potential for a global trade war, driving the precious metal's demand higher.
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