Bangalore Gold Rate Today Dips Below Rs 1.25 Lakh On Nov 17; Will Prices Fall Below Rs 1.1 Lakh Soon?

Bangalore Gold Rate Today: The price of 24, 22, and 18 karat gold in Bangalore declined on Monday, November 17. The decline in gold prices reflected the downward momentum in international gold prices ahead of US data release and dimming hopes of a US Federal Reserve rate cut in December.

Gold prices are closely monitored not only by investors but also by regular jewellery buyers. In Karnataka's capital, Bengaluru, aka Bangalore, the demand for the precious metal remains consistently strong. As a result, both gold and silver rates are actively tracked by people across the city.

Bangalore Gold Rate Today

The price of 24 karat gold in Bangalore declined around Rs 11 per gram to Rs 12,497 per gram. Whereas the rate of 22 karat gold in Bangalore fell from around Rs 10 per gram to Rs 11,455, the rate of 18 karat gold declined from around Rs 8 per gram to Rs 9,373 per gram.

Bangalore Silver Rate Today

The price of silver in Bangalore declined on Monday. Silver rate in Bangalore declined to Rs 167 per gram and to Rs 1,67,000 per kilogram. Silver rate in Bangalore has increased significantly since the beginning of the year due to strong industrial demand and supply-side bottlenecks.

International Gold Rate Today

The international gold price on Monday declined to $ 4,050 per ounce on Monday. The dip showcased diminishing market expectations of another rate cut by the US Fed in December. However, there was a growing concern around delayed US economic data, set to be released this week.

The prices of gold may fall further if the expectations of US Fed rate cut decline further in the coming days.

Despite Monday's decline, the gold rate has surged over 50% since the beginning of the year 2025 amid rising geopolitical uncertainty, trade tensions and growing conflicts. "Given this sustained central bank support and enduring global uncertainty, the long-term outlook remains strong. While buying at $4,200/oz and $54/oz involves short-term risk, strategic buyers of gold/silver ETFs are advised to buy on dips or use dollar-cost averaging. This approach hedges against volatility while ensuring participation in a market underpinned by powerful, long-term de-dollarization trends," noted Justin Khoo, Senior Market Analyst - APAC, VT Markets.

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