BIG Fall In Bangalore Gold Rate Today: 24K Down Rs 12,000/100 Gm In 2 Days, Silver Follows, Buy Before Diwali?

Bangalore Gold Rate Today: Gold rates are finally falling! The precious metal is seeing some price correction after surging nearly 3.3% in just seven days. The price of gold in Bangalore, aka Bengaluru, and other Indian cities fell for the second consecutive day on Friday, October 3. The dip has come a day after Bangalore gold rate declined significantly on Dussehra.

Decline in gold rate today has come against the backdrop of heightened uncertainty around US tariff tensions and concerns related to US shutdown. Meanwhile, the historic rally in gold in last one month might have led to some price correction.

Back in Bangalore, gold continues to remain in demand regardless of its achingly high prices because of the ongoing festive season. With less than a fortnight left for Diwali celebrations, many people are heading towards gold shops to purchase ornaments. Gold buying during festive season is considered as auspicious among Hindus. Here are all details about gold rate in Bangalore today.

Bangalore Gold Rate Today

The price of 24 karat gold in Bangalore fell by Rs 65 to Rs 11,804 per gram. Combining Friday's fall with Dussehra's drop, 24 karat gold rate in Bangalore has declined nearly Rs 120 per gram, ie Rs 12,000 per 100 gram, in two days.

The price of gold has increased by more than 40% since the beginning of the year 2025 amid heightened uncertainty around global trade, increased geopolitical tensions and other macro economic situations. Gold rate in India shattered multiple records in September to create fresh highs.

Bangalore Silver Rate Today

The price of silver followed the trend of precious metal, Bangalore silver rate today declined to Rs 151 per gram and to Rs 1,51,000 per kilogram. Despite some price corrections, the price of silver in Bangalore remains close to its record high mark because of strong industrial demand and its attractive valuations against gold.

"Gold held steady and was set for a seventh straight weekly gain, buoyed by expectations of further U.S. interest rate cuts this year and worries over the impact of a U.S. government shutdo. Meanwhile, Silver in yesterday's session witnessed some profit booking after hitting all time high on domestic front and 14 years high on COMEX. The U.S. government shutdown extended to a second day on Thursday, potentially delaying key economic data releases, including the closely watched non-farm payrolls report due," stated Manav Modi, Analyst - Precious Metal -Research, Motilal Oswal Financial Services Ltd on Thursday.

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