Bangalore Gold Rate Today Eyes Rs 2 Lakh/10 Gm Ahead of Budget 26, Silver Rate Crosses Rs 4 Lakh In History!

Bangalore Gold Rate Today: Gold prices in Bangalore (Bengaluru) surged to a fresh all-time high on Thursday, January 29, as the rally in precious metals gathered further momentum. Riding the same bullish wave, silver prices in the city also hit a historic milestone, crossing the Rs 4 lakh mark for the first time.

The sharp surge in Bangalore gold and silver rates today reflected a wider precious metal sentiment prevailing across the domestic as well as international markets due to a weakening US dollar and heightened geopolitical uncertainty.

Back in Bangalore, the sharp surge in silver and gold rates today is likely to be a major setback for retail jewellery buyers and investors who were hoping for some correction after the mega rally in the first half of January.

Bangalore Gold Rate Today

The price of 24 karat gold in Bangalore surged from around Rs 1,177 per gram to Rs 17,885 per gram on Thursday, January 29. Likewise, the rate of 22 karat gold in Bangalore jumped by Rs 1080 per gram to Rs 16,395 per gram. The rate of 18 karat gold in Bangalore rallied by Rs 883 per gram to Rs 13,414 per gram.

"Gold extended its blistering rally to reach a record high just under $5,600 as investors piled into safe havens amid rising geopolitical and economic uncertainty, with silver nearly cracking $120 on strong momentum and tight supply conditions. Prices surged past $5,000 earlier this week, lifting gold more than 10%, driven by heightened safe-haven demand, heavy central-bank buying and a weaker dollar," stated Manav Modi, Commodities Analyst, Motilal Oswal Financial Services Ltd.

Bangalore Silver Rate Today

The price of silver in Bangalore shattered a new record on Thursday. Bangalore silver rate today, rallied nearly Rs 30,000 per kilogram to Rs 4,10,000 per kilogram. Whereas, per 1 gram of silver in Bangalore jumped around Rs 30 to priced at Rs 410 per gram.

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