Gold Rate in Bangalore Today: 24K On Track To Breach Rs 1.5 Lakh Mark | Buy Before Another Rally?

Gold Rate in Bangalore Today: The price of 24 karat, 22 karat and 18 karat gold in Bangalore continued to rally for another straight session on Thursday, July 23. The recent uptick in gold rates in the Karnataka capital came as Indian Rupee remained at its two-month low mark while the international bullion prices remained elevated. Meanwhile, silver rates in Bangalore remained stable.

The recent surge in gold prices over the past few days came as gold jewellery buyers and investors were expecting further correction in the prices. However, the reversal in trend has also sparked anticipation of another rally. For those who are looking for data on latest gold rates in Bangalore, here’s the full information.

Bangalore Gold Rate Today

The price of 24 karat, 22 karat and 18 karat gold in Bangalore saw a sharp surge on Thursday. The price of 24 karat gold in Bangalore surged by Rs 77 per gram to Rs 14,728 per gram, as per Goodreturns data at 11:36 am on Thursday, July 23. The rate of 22-karat gold in Bangalore increased by Rs 70 per gram to Rs 13,500 per gram. Likewise, the rate of 18-karat gold in Bangalore jumped by Rs 58 per gram to Rs 11,046 per gram.

Bangalore Silver Rate Today

The price of silver in Bangalore remained unchanged on Thursday. Silver price in the Karnataka capital stood at Rs 240 per gram and at Rs 2,40,000 per kilogram. Silver prices in the metro city and across the country saw a sharp surge on Monday, followed by a steep decline in February.

International Gold Rate Today

The price of international gold remained around $ 4,120 per ounce, as per Trading Economics data on Thursday. The recent movement in international gold prices came as escalating Middle East tensions kept the crude oil prices elevated.

“There are presently some signs of consolidation being experienced by gold, as players look at the emerging state of global macroeconomic conditions, which include interest rates expectations, the USD, and geopolitical issues. Although there could be volatility in the prices over the shorter term, the outlook on the metal remains positive because of the continued support of central bank purchases, inflation expectations, and its status as a haven during uncertain times,” stated Siddharth Maurya, Founder & Managing Director, Vibhavangal Anukulakara Pvt. Ltd.

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