Bangalore Gold Rate Today Takes U-Turn! 24 Karat Gold Price Jumps Beyond Rs 97,300/10 gram; Check Latest Rates

Bangalore Gold Rate Today: Days after declining consecutively over improved geopolitical situations, gold rates in India today surged significantly on Friday. Consequently, the price of gold in Bangalore and other cities also jumped sharply amid the ongoing wedding season.

The surge in Bangalore gold rate today has come amid the ongoing wedding season and is likely to be a deterrent for jewellery buyers. Gold has always been a safe haven for investors amid geopolitical uncertainties and stock market volatility. Here are the latest Bangalore gold rate today for Friday, May 30.

Bangalore Gold Rate Today

Bangalore gold rate today surged significantly on Friday. The price of 24 karat gold surged
Rs 270 to Rs 9731 per 10 gram. Similarly, the price of 22 karat gold increased by Rs 250 to Rs 8920 per 10 gram. The price of 18 karat gold in Bangalore surged by Rs 210 to Rs 72990.

Bangalore Silver Rate Today

The price of silver in Bangalore remained stagnant on Friday. The price of silver in Bangalore today stood at Rs 99.90 per gram and Rs 99,900 per kilogram. The price of gold and silver mentioned here is indicative and doesn't include additional costs like GST and making charges. Hence, gold buyers must check the actual price and additional charges added on their purchase.

Gold Rate in India Today

Gold rate in India today surged significantly on Friday. The price of 24 karat gold stood at ₹9,731 per gram. THe price of 22 karat gold stood at Rs 8,920 per gram, and Rs 7,299 for 18 karat. This precious metal has been a reliable protection against inflation over time. With an increasing number of investors turning their attention towards gold as a valuable investment option, it's crucial to stay informed about the current rates.

The fluctuation in gold prices is an ongoing occurrence, with the rates for 24 karat gold today standing at ₹9,731 per gram, marking a rise of ₹27 from the previous day. Similarly, 22 karat gold has seen an increase of ₹25, now priced at ₹8,920 per gram. For those interested in 18 karat gold, there's been a modest increase of ₹21, bringing the price to ₹7,299 per gram. These changes highlight the dynamic nature of gold rates, influenced by various market factors.

Over the last ten days, the price for 24 karat gold has seen notable fluctuations, from ₹9,742 to a peak of ₹9,808, before settling at ₹9,731. This volatility is mirrored in the rates for 22 karat gold, which also experienced similar shifts. These trends indicate the dynamic nature of the gold market, influenced by various economic factors. As such, investors and buyers must stay informed about these changes to make knowledgeable decisions.

In contrast with rising gold rates in India today, prices of yellow metal dropped to around $3290 per ounce on Friday, according to Trading Economics. The price of gold declined internationally as investors remained cautious ahead of the US inflation report that will provide fresh insights on Federal Reserve's interest rate trajectory.

International gold prices surged on Thursday after a federal court allowed Donald Trump's sweeping tariffs to temporarily stay in effect. The development has come after a federal court blocked the implementation of Donald Trump's tariff hikes.