BIG Jump In Bangalore Gold Rate Today! 24K Blasts Rs 96,500/100 Gm In Month, Silver Rallies; Check Dec 15 Rate

Bangalore Gold Rate Today: Gold and silver prices extended their bullish run for the fourth straight day on Monday, December 15, registering a sharp jump in Bengaluru and across major Indian cities. The surge comes amid strong bullish sentiment in both precious and base metals, driving sustained buying interest and pushing bullion prices higher.

The massive jump in gold and silver rates today in Bangalore has come as investors and retail jewellery buyers continue to buy the precious metal during the ongoing wedding season. Here are latest Bangalore gold rate today and Bangalore silver rate today.

Bangalore Gold Rate Today

The price of 24 karat gold in Bangalore surged over Rs 82 per gram to Rs 13,473 per gram. Likewise the rate of 22 karat gold in Bangalore jumped over Rs 75 per gram to Rs 12,350 per gram. Similarly, the rate of 18 jarat gold in Bangalore surged over Rs 62 per gram to Rs 10,105 per gram. Meanwhile, the gold rate in Bangalore has surged over Rs 96,500 per 100 gram in last one month, as per the GoodReturns data.

Bangalore Silver Rate Today

The price of silver in Bangalore and other Indian cities has jumped significantly over the past few months. Bangalore silver rate today increased to Rs 200.9 per gram and to Rs 2,00,900 per kilogram. The prices of silver in India have jumped over 65% since the beginning of the year due to strong industrial demand and supply side constraints.

"Rate-cut expectations and a softer dollar are still providing a steady base of support. Gold may continue to move in a restricted range, influenced by the shifts in global risk appetite and how firmly investors maintain their defensive positioning," explained Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures.

The international gold price jumped nearly 1% to around $4,340 per ounce on Monday, according to Trading Economics. The jump is slowly and steadily taking the gold rates to their record-high mark. Upcoming US economic releases and further cues on the Federal Reserve's interest rate trajectory can impact gold price movement in future.

"Commodity markets are highly cyclical and goes through the boom-and-bust periods. The lengthy bull cycle instils fear of a forthcoming bust. The bull run in gold is 10 years old, while silver's bull move is 5.5 years old. Support is seen at $4202-$4190 -$4160-$4114, and the resistances at $4255-$4265-$4300. Any break of these resistances could have a rally to $4381-$4400-$4441," noted Ventura in its report last week.