Bangalore Gold Rate Breaks Record! 24K Explodes Rs 16K Above Rs 1 Lakh; Heading For Biggest Rally Since 1979

Bangalore Gold Rate Today: Shattering all hopes of retail jewellery buyers of some relief amid the ongoing Navratri festival, gold rates in Bangalore, and other Indian cities broke another record on Monday, September 29.

The price of gold in Bangalore, aka Bengaluru, witnessed a sharp surge bringing 24 karat gold Rs 16,000 above the historic Rs 1 lakh mark. The gold price rally in Karnataka capital mirrored the surge in gold rate in India and across the world.

The sharp rally in precious metal is on its path to beat the record-rally of 1979. Multiple factors like US Fed rate cut, trade because of US President Donald Trump's tariff measures, weak dollar performance, and rising geopolitical tensions, have contributed in the gold price rally this year.

Back in Bangalore, retail jewellery buyers and investors closely monitor gold rates before making purchase or executing investment decisions. Here are latest Bangalore gold rates today on September 29.

Bangalore Gold Rate Today

The price of 24 karat gold in Bangalore increased by Rs 92 to Rs 11,640 per gram. Given the record breaking rally, the 24 karat gold (10 gram) in Bangalore now stands Rs 16,400 above the record Rs 1 lakh mark. The 22 karat gold in Bangalore surged by Rs 85 per gram to Rs 10,670 per gram. Likewise, the price of 18 karat gold in Bangalore, aka Bengaluru searched by Rs 69 to Rs 8,730 per gram.

Bangalore Silver Rate Today

The price of silver in Bangalore increased on Monday to remain close to their record high level. Silver rates have rallied significantly since the beginning of the year because of its strong industrial demand and attractive valuations against gold. The price of silver in Bangalore increased to Rs 150 per gram and to Rs 1,50,000 per kilogram.

Is Gold A Safe Haven?

"Whatever may be the scenario, gold had delivered stellar returns. And to add that depreciation of INR v USD also adds glitter. Gold as an asset class has now come a lon way from traditional physical to electronic to ETFs/SGB as well as in futures. Will gold/silver continue to rally is anybody's guess. Many investors are still confused about the options available. Do treat this as one more asset class to hold (not jewellery though)," noted Juzer Gabajiwala, Director, Ventura

Gold Price On Path To Its Record Rally Since 1979!

The price of gold has increased by more than 40% since the beginning of the year 2025. The sharp gold price rally has reminded experts of the bullion's record breaking rally in 1979. The precious metal's valuation surged by more than 76% in 1979 between January and October. The Tehran revolution of 1979 was one of the major reasons behind gold's record rally in that year. With its stellar record, the yellow metal is on track to follow the record rise of 1979.

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