Gold Prices In Bangalore Surge Rs. 10,000/100g in 2- Days; Check Latest 24K, 22K, 18K Gold Rates Now!

Gold rates in Bangalore climbed once again following a significant price spike. The rise comes as the U.S. dollar index dipped by 0.12% after the Federal Reserve decided to keep interest rates unchanged on Wednesday. However, the Fed's stance did not provide much support for gold prices. Investors are now closely watching the December Personal Consumption Expenditures (PCE) price index report, set to be released on Friday, for further market cues.

As of 30th January 2025, the 22 carat gold rates in Bangalore jumped a huge Rs. 150 per 10 grams to cost Rs. 76,100, while the 24-carat yellow metal saw a rise of Rs. 170 per 10 grams to retail at Rs. 83,020. Similarly, the 18-carat gold prices in Bangalore rose to Rs. 62,270 after a jump of Rs. 130 per 10 grams.

Similarly, the 100 g of 24-carat gold rates in Bangalore jumped Rs. 1700 to cost Rs. 8,30,200. 22-carat gold now costs Rs. 7,61,000 after rising Rs. 1,500 per 100 grams.

Gold Reaches New Highs

Gold prices in Bangalore continued their upward momentum for the second consecutive day, reaching new highs. Market attention is now shifting toward the Union Budget 2025, set to be presented on February 1, as investors anticipate key policy announcements that could significantly impact gold prices in India.
Meanwhile, the Federal Reserve reaffirmed its decision to maintain interest rates, with Chair Jerome Powell emphasizing that rate cuts would only be considered when inflation and labor market data justify such a move.

Gold Prices in Major Indian Cities

Most of the Indian cities experience a decline in gold prices. Here are gold prices in some of the major cities in India:

Silver Prices in Bangalore Today

Silver prices in Bangalore on 30th January jumped after a series of pause.. Silver rates in Bangalore per kilogram spiked by Rs. 2000 to cost Rs. 96,500 per kg. The price of 100 grams of silver is currently at Rs. 9,650 after Rising Rs. 200 per 100 grams.

Gold And Silver Future Price On MCX

On the Multi Commodity Exchange (MCX), gold futures, expected to mature on February 5, 2025, are trading higher by 0.41% at Rs. 80,607. However, silver futures, with an expiry date of March 5, 2025, are also surging this morning with a rise of 0.52% at Rs. 92,345.

Spot Gold and Silver Prices Today

According to the latest Reuters report, spot gold prices saw a modest increase, rising by 0.1% to $2,761.44 per ounce as of 04:02 GMT. U.S. gold futures followed suit, climbing 0.1% to $2,773.30 per ounce, maintaining a premium of nearly $12 over spot prices. Meanwhile, spot silver also recorded gains, rising by 0.2% to $30.88 per ounce. The precious metals market remains buoyant, with silver mirroring gold's movement as investors continue to seek safe-haven assets amid global economic fluctuations.