Bangalore Gold Rate Today Takes A Breather! But 24K Stays Above Rs 1.11 Lakh on Sept 15, ‘Buy On Dip’ or Wait?

Bangalore Gold Rate Today: There was a decline in the gold rate today, Monday, September 15, for the second consecutive session. The mild decline follows an exorbitant surge in the price of the precious metal amid rising geopolitical uncertainty and trade tensions. September 15's decline in gold rate has raised expectations amongst retail jewellery buyers, especially in Bangalore, of further decline in prices in the coming days.

However, experts believe that the international gold rates, which directly impacts their domestic prices in cities like Bangalore, are likely to increase in the coming days amid US Fed rate cut expectations. For retail jewellery buyers, here is all the information about gold rates in Bangalore today.

Bangalore Gold Rate Today

The price of 24 karat gold in Bangalore fell by Rs 11 to Rs 11,106 per gram. Likewise, the price of 22 karat gold in Bangalore declined by Rs 10 to Rs 10,180. The 18 karat gold rate in Bangalore fell by Rs 8 to Rs 8,329 per gram.

THere has been a significan surge in gold rates amid heightened geopolitical uncertainty, stock market volatility and trade tensions. Hints of US Fed rate cut, weak US job data, and other geopolitical headwinds have further fuelled the gold price rally over the past few days.

Experts, believe, that the gold price rally is likely to continue in the coming months, with gold ending the year 2025 at record high mark.

Bangalore Silver Rate Today

Bangalore silver rates today remained stagnant on Monday, September 15. The price of silver today stood at Rs 133 per gram and at Rs 1,33,000 per kilogram. There has been a sharp surge in the prices of gold over the past few months, but silver rates in India have also witnessed a sharp rally due to the growing industrial demand for the precious metal and silver purchase by central bank of multiple countries.

"Gold witnessed some profit booking from the all-time highs at the start of this week however, losses were limited amidst weak US jobs data, rate cut expectations later this week and rupee depreciation. Inflation data released last week was reported slightly above expectations; however US PPI and weekly jobless claims made market participants firm about their expectation for a cut of at least 25bps," noted Manav Modi, Analyst - Precious Metal -Research, Motilal Oswal Financial Services Ltd.

"On geopolitical front, tensions in the Middle East and fresh NATO involvement in Eastern Europe continued to provide a risk premium for gold. Speculators reduced their net long positions in gold by 2,445 contracts to 166,417 in the week ended September 9. Along with Fed, BOE and BOJ policy meeting, focus will also be on the US Retail sales and Industrial production data scheduled this week," he added.

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