Gold Price in Bangalore Today, July 12: Major Surge in 24K, 22k, 18k Gold Rate; Silver Hits New High

Gold rates in Bangalore today saw a sharp jump for the third consecutive session, bringing prices once again close to the Rs. 1 lakh mark. Despite two brief dips last week, gold ended with an overall weekly gain of around 1.4%. In the international market, spot gold also closed higher on Friday, rising nearly 1% and crossing the USD 3,300 level. Meanwhile, silver prices surged sharply, hitting a new all-time high with massive gains, driven by strong investor demand and industrial interest.

Gold Rate in Bangalore

On July 8th, the price of 22-carat gold in Bangalore took a sharp leap by Rs. 650 per 10 grams, now costing Rs. 99,710. Meanwhile, 24-carat gold saw a jump of Rs. 710, bringing its price to Rs. 91,400 per 10 grams. Similarly, 18-carat gold prices increased by Rs. 540 per 10 grams, now priced at Rs. 74,790.

In a similar manner, the cost of 100 grams of 22-carat gold now stands at Rs. 9,14,000 showing a Rs. 6,500 surge, while 100 grams of 24-carat gold has jumped by Rs. 7,100, retailing at Rs 9,97,100.

Gold Prices in Other Major Indian Cities

Here are gold prices in some of the major cities in India, which are experiencing a rise.

Silver Prices in Bangalore On July 12

The silver rate in Bangalore today jumped sharply and currently stands at Rs. 1,15,000 after jumping Rs. 4000 per kg. Similarly, the price for 100 grams of silver stood at Rs. 15,000, which rose by Rs. 400.

Gold and Silver Future Price on MCX

Gold futures on the MCX closed in green at the end of Friday's trading. The August 5th maturing gold futures closed at Rs. 97,830, with a 0.01% rise. Similarly, silver futures, set to mature on September 5, 2025, ended in green, rising by 3.65%, trading at Rs. 1,13,111.

"Gold prices are expected to rise. One can buy at Rs. 96,750 with a stop loss of Rs. 96,450 for the target at Rs. 97,100-97,400" as per Nirmal Bang Securities.

"Gold and silver prices are trading slightly higher today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly higher for the day, as gold prices are steady after a two-day climb as traders focused on tariff threats from President Donald Trump and the outlook for US monetary policy." The report further stated.

Spot Gold and Silver Rates

According to a recent report by Reuters, "Spot gold gained 1% to USD 3,356.93 per ounce by 2:43 p.m. EDT (18:43 GMT), after touching its highest level since June 24 earlier in the session. U.S. gold futures closed up 1.4% at USD 3,371.20. Meanwhile, spot silver rose 3.9% to USD 38.46 per ounce, its highest level since September 2011."

Disclaimer: The information provided in this article is for general informational purposes only and does not constitute financial, investment, or credit advice. The views and recommendations mentioned are based on publicly available data and expert opinions at the time of writing. Neither the author nor GoodReturns endorses any specific product or financial decision. GoodReturns.in and its affiliates are not responsible for any loss or damage resulting from reliance on the information presented.