Gold Rates In Bangalore Surge On Christmas; 22K Gold Jumps Rs.1,000/100g; Silver Shine Brighter

As India and the world celebrates Christmas today, Bangalore gold prices today Jumped slightly higher after yesterday's decline. On 25th December 2024, 22 carat gold rates in Bangalore today rose by Rs. 100 to cost Rs. 71,000. Meanwhile 24 carat gold rates now retails Rs. 77,450 which rose by Rs. 100. Just like that 18 carat gold rates in Bangalore also jumped By Rs. 80 to retail at Rs. 58,010.

For those purchasing in bulk, 100 grams of 24-carat gold is now priced at Rs 7,74,500, an increase of Rs 1000. 100 grams of 22-carat gold is now priced at Rs 7,10,000, up by Rs 1000

Gold Prices Rise in Bangalore Amid Subdued Market Trends

As Christmas fills the air with festive cheer, gold prices in Bangalore saw a modest rise, reflecting the season's glimmer. However, the broader trend in gold and silver trading this week has been relatively subdued, marked by muted demand and the lack of significant market catalysts across major cities in India.

In its latest report, Reuters highlighted a mixed session for gold on Tuesday, characterized by subdued holiday-season trading. Prices edged lower, pressured by a strong U.S. dollar and elevated U.S. Treasury yields, which dampened gold's appeal as an investment. The dollar index rose 0.4%, reaching a two-year high, curbing demand.

As President Donald Trump prepares to take office on January 20, 2025, markets are keenly awaiting the potential impact of his policies on the global economy and commodity markets. Adjustments in monetary policy under the Federal Reserve and Economic stimulus measures or shifts in trade policies.

Gold Prices in Major Indian Cities

Most of the Indian cities have stable gold prices today. Here are gold prices in some of the major cities:

Silver Prices In Bangalore

Silver is currently shining as the prices have risen after yesterday's standoff. 1 kilogram of silver in Bangalore rose by Rs. 100 to cost Rs. 91,500. Similarly, the price for 100 grams of silver experienced a significant increase of Rs. 10 to reach Rs. 9,150.

Gold And Silver Future Price On MCX

On the Multi Commodity Exchange (MCX), the gold futures for February 5th, 2025, delivery are trading lower by 0.04%, at Rs. 76,243 per 10 grams. Similarly, the silver futures for the March 5th, 2025, expiry are losing today by 0.04%, trading at Rs. 89,360.

Spot Gold and Silver Trends

On the festive occasion of Christmas, the international gold market remains closed, with trading set to resume tomorrow. As of yesterday, spot gold prices closed at USD 2,616.45 per ounce, marking a slight gain of 0.03%, according to data from GoldPrice.org.