Sharp Rebound in Gold rate In Bangalore Today, March 20: 24K,22K,18K Prices Rise Amid Rising Demand

On Friday morning, the gold price in Bangalore surged breaking the trend of decline, and investors rejoiced. Gold rates today are shining once again, with a huge spike coming against the backdrop of escalating geopolitical tensions and a surge in gold demand due to festival purchases

The 24-carat gold rate in Bangalore surged by Rs.650 per 10 grams, now priced at Rs.1,50,930. Similarly, the 22-carat gold rate rose by Rs.600 per 10 grams, to retail at Rs.1,38,350. The 18-carat gold price in Bangalore also saw a similar rise, increasing by Rs.490 per 10 grams to cost Rs. 1,13,200.

For larger quantities, the price surge was even higher. 100 grams of 24-carat gold saw a jump of Rs. 6500 now priced at Rs. 15,09,300, while 100 grams of 22-carat gold increased by Rs. 6000, now retailing at Rs. 13,83,500.

Sharp Rally In The Gold Market

Gold prices in Bangalore have surged after losses seen in the last two trading sessions. This increase in gold rates in Bangalore is mainly because of the ongoing US Iran war and the rising domestic demand due to festivals in India Including Eid,Ugadi, Gudi Padwa, which has given gold prices a significant boost.

"Gudi Padwa In Maharashtra and In states like Karnataka and Kerala, similar festivals such as Ugadi were celebrated at a regional level. Overall, it turned out to be a very good day. In terms of value, it was more than 10% higher compared to last year." said Rajesh Rokde - Chairman - GJC

"One of the key reasons behind this is the price trend. Last year, gold was around Rs. 88,500, whereas this year it has reached approximately Rs. 1,48,000+. Similarly, silver, which was around Rs. 1,03,000 on Gudi Padwa last year, is now close to Rs. 2,45,000. This clearly indicates that, over the long term, prices tend to rise, and customers are well aware of this. If I look at the overall picture across India, I estimate that business worth around Rs. 22,000 crore may have been done in a single day."he further added.

As per goldprice.org, the spot gold price on 20th March at 11:30IST traded at $4696 per ounce, rising 2%, while spot silver also jumped 2.46% to trade at $76 per ounce.

Silver Prices in Bangalore Today

Silver prices in Bangalore today have registered massive gains after a drop seen yesterday. Currently, 1 kg of silver costs around Rs.2,55,000 after jumping by Rs. 5000 per kg. Similarly, the price for 100 grams of silver was spiked by Rs.500 to cost Rs. 25,500 on March 20th.

Gold And Silver Future Prices On MCX

On the Multi Commodity Exchange (MCX), the gold futures for April 2nd, 2026, delivery jumped today by 1.27%, at Rs.1,46,798 per 10 grams. On the contrary, silver futures for the May 5th, 2026, expiry extended gains of 1.24%, trading at Rs.2,34,329 at the time of writing.

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