Bangalore Gold Rate Today Crosses Rs 1.02 Lakh Amid Tariff Threat; Dip Expected Before Raksha Bandhan?

Bangalore Gold Rate Today remained unstoppable with 24 karat gold rate rising to Rs 1,02,330 per 10 gram on Wednesday, August 6. The surge in gold prices in the city mirrors the nationwide surge in the precious metal's price today amid US President Donald Trump's tariff threat.

The continuous surge in gold prices has dimmed hopes among retail jewellery buyers planning to make some gold purchases ahead of the Raksha Bandhan celebration on August 9.

Bangalore Gold Rate Today

Gold prices in Bangalore are closely monitored by retail jewellery buyers as the yellow metal remains in demand in the metro city. 24 karat gold rate in Bangalore increased by Rs 11 to Rs 10,233 per gram. Likewise, the price of 22 karat gold in Bangalore has surged by Rs 10 to Rs 9,380 per gram. The 18 karat gold rate in Bangalore increased by Rs 8 per gram to Rs 7,675.

The price of gold has increased significantly over the past few months, especially since the beginning of the year 2025 amid rising geopolitical uncertainty, stock market volatility and trade tensions. The sharp US policy changes under the leadership of President Donald Trump have further increased gold's safe-haven rally among investors.

Silver Rate in Bangalore

The price of silver in Bangalore has increased significantly over the past few months. Silver rate in Bangalore has followed the gold price trend. The price of silver in Bangalore on Wednesday has increased to Rs 116 per gram and to Rs 1,16,000 per kilogram.

The elevated silver rate in Bangalore has come in the backdrop of heightened prices of international silver prices due toa surge in industrial demand. The white metal has also emerged as an alternative to investors given the significant rally in gold prices over the past few months.

The international gold rate on Wednesday increased to $3,375 per ounce on Wednesday, holding most of its recent gains. The current gold prices are close to a two-week high.

Will Gold Prices Continue To Rise Ahead of Raksha Bandhan?

The gold prices are likely to rise in the coming days, given the trade tariff uncertainty and weak macroeconomic data in the United States. With the RBI keeping the repo rate unchanged, investors are now closely observing the US Fed rate announcement. Domestic gold demand is likely to grow due to the upcoming festive season and wedding season, noted Aksha Kamboj, VP, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures urging investors to opt for a 'staggered buying' approach during the current gold prices.

" Staggered buying at these higher levels could be the wisest strategy, especially through digital gold or sovereign gold bonds, with an added benefit. Overall, the prognosis is modestly bullish with scope for additional upside in the medium term, particularly if global uncertainty continues to stimulate demand for safer investment vehicles," noted Kamboj.

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