Gold Rate in Bangalore Today: Gold Prices Rise As Fed Hints Rate Cut; 24K/100 Gm Up Rs 2,200; Silver Follows

Gold Rate in Bangalore Today, March 20, 2025: Gold prices in Bangalore, also known as Bengaluru, surged on Thursday. The rising prices of bullion synced with fresh record made by international gold prices after the United States Federal Reserve weighed its expectations on 50 bps rate cut in the coming months.

Gold Price in Bangalore and across India are increasing remarkably over the past few weeks amid stock market volatility, geopolitical situations and Donald Trump's stance on tariffs. Apart from gold prices, silver rates in Bangalore today also witnessed a decent surge.

Gold rate in Bangalore today, March 20

Gold prices in Bangalore stood at Rs 9,066 per gram for 24 karat gold. Meanwhile, the price of 22 karat and 18 karat gold stood at Rs ₹8,310 per gram and Rs ₹6,799 per gram. 18 carat gold is also known as 999 gold, as per Goodreturns data.

Gold prices in Bangalore have seen a remarkable demand for gold over the past few days, including during Holi celebration. People in Bangalore who are planning to buy gold must check prices before stepping out of their houses for buying gold.

Silver rates in Bangalore today

Silver prices in Bangalore stood at Rs 105.10 per gram and Rs 1,05,100 per kilogram on March 20. The price of per kilogram of silver increased by Rs 100 to Rs ₹1,05,100 today. There has been an estimated +8.35% rise in silver prices in Bangalore till March 2025. Silver price hike coincided with the rise in the price of other precious metals including gold as well as copper.

Gold rate in India today

The price of gold in India today increased by Rs 22 to Rs 9,066 per gram for 24 karat gold. The price of yellow metal increased by Rs 20/gram to Rs 8,310 per gram for 22 karat gold. Meanwhile, price of 18 karat gold also known as 999 gold stood at Rs 6,799 per gram.
Gold is considered as safe haven for risk-averse investors and amid the ongoing stock market situation, the precious metal has been seen as a perfect hedge against inflation. Growing inflow in gold ETF and other gold investment instruments indicates a rising interest among investors towards bullion.

Why gold prices are rising today?

According to Trading Economics, international gold prices created fresh record after they touched $3,050 per ounce mark on Thursday. The strong demand for gold was supported by the Federal Reserve announcement that it will consider 50 bps rate cur in the near future.

While acknowledging the increased economic uncertainty, US Federal Reserve mentioned that it expects to cut rates by 50 bps this year, matching its December projection and boosting non-yielding gold.

"The US Fed kept the interest rates unchanged in this meeting. This is at par with the industry expectations, especially at a time when economic instability persists. In terms of gold, it is currently in a bullish phase, having the potential to scale new levels. Spot gold hits an all-time high of $3,051.99/oz," said Colin Shah, MD, Kama Jewelry.

Will gold rally continue?

"Fed is likely to resume rate cuts in June where it hinted two rate cuts in 2025. Hence, we reiterate our view of gold touching $3100 globally and INR 91,000 domestically," Shah added.

Gold prices continue to rise amid heightened tensions in the Middle East as Israel launched fresh 'targeted ground activities' in Gaza after its airstrike marked end to two-months long ceasefires. Additionally, the fear of trade disputes loom as new duties, announced by US President Donald Trump will take effect in April.