Gold Price Crash Continues in Bangalore Today, Dec 30: 24K Gold Plunges Rs. 30,000/100g; Silver Falls Too

Gold prices in Bangalore underwent a sharp correction on December 30, extending losses for the second consecutive session this week. After touching record highs recently, 24-carat gold rate in bangalore has slipped significantly, falling by nearly Rs. 62,200 per 100 grams in just two days. The sharp crash in gold rates today has brought yellow metal off their peak levels, providing a much-needed relief to buyers who had been holding back due to soaring gold rates in India.

Meanwhile, silver prices in Bangalore also came under pressure on Tuesday, falling sharply by Rs. 22,000 per kg in juts two days because of a short-term correction after the recent strong rally.

Gold rate in Bangalore today

The 24K gold price in Bangalore has dropped substantially by Rs. 3050 and now costs Rs. 1,36,200 per 10 grams, down from Rs. 1,39,250 yesterday. The standard gold price in Bangalore today fell by Rs 2,800, bringing the price down to Rs 1,24,850 per 10 grams. Even 18-carat gold prices dropped by Rs. 2,510 per 10 grams, now priced at Rs. 1,01,930. Gold Rate in India Crashes Before New Year 2026; 24K Gold Price Down By Rs.20000/100g; Silver Price off Record

MCX Gold and Silver Futures Update

On the Multi Commodity Exchange (MCX), gold futures slated to mature on February 5, 2026 are trading in green this morning at Rs 1,35,759 after rising by 0.61%. Similarly, silver futures, which are set to expire on March 5th , 2026, rose by 4.15 % and are trading at Rs 2,33,752 at the time of writing on 30th December.

Silver Rate in Bangalore Today

The silver rate in Bangalore today also experienced a crash similar to gold. At present, 1kg of silver in Bangalore costs Rs. 2,40,000 after dropping by Rs. 18,000. While 100g of silver rates in India cost Rs 24,000.

Expert Analysis On Gold & Silver Price

"Gold dropped over 4% below $4,350 on profit booking after record highs, as optimism over US-Ukraine peace talks weighed on safe-haven demand. Despite the fall, gold remains up over 70% this year, supported by strong central bank buying and expectations of Fed rate cuts." said analysts at Way to Wealth.

"On the technical front, MCX Gold has witnessed its first major correction in the recent past. In yesterday's session, it showed initial signs of weakness, forming a tweezer top candlestick pattern on the daily chart. It also formed a bearish marubozu and closed below the 10-DEMA support after consistently trading above it for the past month. These are early indications of weakness. Traders can use any bounce to pare long positions and wait for momentum to regain strength. Support is placed at 137,150, while the next support is seen at 133,600. Traders should adopt a cautious approach going forward." they further added.

Spot Gold Prices + Spot Silver Price Today

As per Trading Economics, "Gold prices rose above $4,360 per ounce on Tuesday after plunging more than 4% in the previous session due to profit-taking. Monday's selloff marked the metal's largest intraday drop since October and the second time this year that it has fallen sharply in a single day. Strong safe-haven demand amid persistent geopolitical uncertainty helped limit further losses."

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