Gold Prices In Bangalore Soar By Rs 2,000 for 22k/100G, Silver Gains Too; Check latest Gold Rates

Gold rates in Bangalore surged today after a sharp dip of ₹4,500 per 100 grams in the previous trading session. The gold market remains on a continuous uptrend, driven by strong safe-haven demand amid concerns over U.S. President Donald Trump's tariff policies.

Gold Rates in Bangalore

24-carat gold rates in Bangalore, on Feb 6, soared by Rs. 220 per 10 grams to cost Rs. 87,770. While the 22-carat gold rates jumped by Rs. 200 to retail at Rs. 80,450 per 10 grams. Similarly, 18-carat gold rates in Bangalore spiked by Rs. 160 to cost Rs. 65,500 per 10 grams.

In a similar line, the 100 grams of 22-carat gold rallied Rs. 2000 to stand at Rs. 8,45,000. 24-carat gold per 100 grams spiked to Rs. 877,000, which rose by Rs. 2200 per 100 grams.

Gold Price Movement This week

Gold prices in Bangalore have seen a strong bullish trend this entire week, with rates rising across all purities. 24-carat, 22-carat, and 18-carat gold have surged by over 1% in just five days. While international factors have played a major role in this price rally, the growing domestic demand in the Indian gold market cannot be overlooked. Analysts support this bullish momentum, predicting that prices are likely to move even higher in the coming days.

Gold Prices in Major Indian Cities

Most of the Indian cities experience this rise in gold rates. Here are gold prices in some of the major cities in India:

Silver Prices in Bangalore Today

Silver prices in Bangalore today per kilogram currently cost Rs. 100,500 per kg after rising by Rs. 100 per kg. The price of 100 grams of silver is currently at Rs. 10,050, which jumped by Rs. 10 per 100 grams.

Gold and Silver Future Price on MCX

Gold futures, expected to mature on April 4, 2025, on the Multi Commodity Exchange (MCX) at the end of Friday's close, settled at Rs. 8,620. Meanwhile, silver futures, with an expiry date of March 5, 2025, declined by 0.05% to close at Rs. 96,156.

Spot Gold and Silver Prices Rally

Spot gold and silver prices experienced notable fluctuations, with gold maintaining a strong bullish trend despite a slight dip. According to recent data from Reuters, spot gold edged down by 0.1%, trading at USD 2,939.63 per ounce as of 02:24 a.m. ET (19:24 GMT). However, the precious metal has gained approximately 1.9% this week, reaching a record high of USD 2,954.69 on Thursday. Meanwhile, U.S. gold futures closed 0.1% lower at USD 2,953.20 per ounce.

Spot silver followed a similar trajectory, declining 0.9% to $32.64 per ounce. Analysts attributed the dip in prices to profit booking after Thursday's record-breaking rally. Despite Friday's minor pullback, gold is on track for its eighth consecutive weekly gain, driven by strong safe-haven demand. Market uncertainty, global economic instability, and concerns over U.S. President Donald Trump's proposed tariff policies have fueled investor interest in gold as a hedge against inflation and geopolitical risks, the report further stated.