Bangalore Gold Price Today Falls Before Akshaya Tritiya, How Much You Will Save On 24K, 22K,18K Gold?

Bangalore Gold Price Today: Amid the ongoing preparations for Akshaya Tritiya, gold buyers in Bangalore are cheering as gold rates today have declined for the fourth time after touching the record-high mark.

The gold price in Bangalore today has fallen and created lucrative opportunities for gold buyers on Monday, April 28. Plummeting gold rate in Bangalore mirrored the softening price of the yellow metal in India and the world amid geopolitical uncertainty and stock market volatility.

Gold Price in Bangalore Today: What Is The Cost Of 24,22, 28 Karat Gold In Karnataka Capital?

The price of 24 karat gold in Bangalore declined to Rs 97530 per 10 gram on Monday, April 28. Likewise, the price of 22 karat gold in Bangalore, also called Bengaluru, stood at Rs 73150 per 10 gram. Whereas, the price of 18 karat gold, known as 888, declined by Rs 510 to Rs 73150 per 10 gram.

Bangalore gold rate today mentioned above are indicative and doesn't include other costs like making charges, GST, etc. Hence, gold buyers in Bangalore, and other Karnataka cities are advised to check with a reliable gold jewellery shop owner about all the costs to make an informed decision.

Bangalore Gold Rate Today: How Much You Will Save On 24,22, 28 Karat Gold?

Gold buyers in the metro city are likely to save around Rs 510 on the purchase of 10 gram of 18 karat gold today, compared to its price on Sunday. As per the updated gold price in Bangalore, buyers are likely to save approximately Rs 680 and Rs 620 on the purchase of 10 gram of 24 and 22 karat gold today.

Silver Rate in Bangalore

Silver price in Bangalore today stood at Rs 100.50 per gram and Rs 1,00,500 per kilogram. There has been a general increase in the demand for silver whenever there has been a significant increase in the price of gold. The trend is seen as a reflection of shift in buyers' interest towards silver which serves as a cheaper alternative to the yellow metal.

Gold Price in India Today

The price of the yellow metal has increased significantly in April. However, there has been a downward trend in gold price in India since the last week. Gold rate in India today declined to Rs 89400 per 10 grams for 22 karat gold, Rs 97530 per 10 gram for 24 karat gold and Rs 73150 per 10 gram for 18 karat gold.

The decline in gold rate in India has come days after its price skyrocketed to an all-time high mark of Rs 1 lakh per 10 gram. The sharp correction from its record-high mark has come as a relief for gold buyers planning purchases during Akshaya Tritiya, traditionally considered an auspicious day for investing in gold and silver.

Over the past few months, the gold price in India has increased by more than 25%. On Monday, its price declined as a reflection of the international gold price. The spot gold prices declined on Monday amid the strengthening of positive sentiment globally due to hints of easing US-China trade tensions. As the US stock market's situation is improving there has been a reduction in gold's safe-haven rally. Strengthening of US dollar is also one of the factors which helped in easing pressure on gold price.

According to Trading Economics, the international gold price fell by 1% to below $3,290 per ounce on Monday as easing trade tensions between the U.S. and China dented the metal's safe-haven appeal.