Bengaluru Gold Rate Near All Time High, July 22; Check Today's 24K, 22K, 18K Gold & Silver Prices

Gold rate today rallied sharply for the fifth straight session, with yellow metal prices rising by Rs. 18000 per 100 grams. Strong domestic demand along with global market trends has triggered a steady rise in gold prices. On Tuesday, gold jumped nearly 1%, hitting a one-month high. The market is seeing this interest in safe haven assets as Trump's trade tariff deadline is approaching, which is August 1st.

Gold Target Price Ahead

"Gold prices are expected to rise. One can buy at Rs. 99000 with a stop loss of Rs. 98700 for the target at Rs. 99450-Rs. 99700." as per the Nirmal Bang Securities report dated July 22.

MCX Gold and Silver Futures Update

On the Multi Commodity Exchange (MCX), gold futures that will mature on August 5 are trading in red at Rs. 99,107 after declining 0.22%. Similarly, silver futures, which are set to expire on September 5, 2025, also slipped 0.14%, trading at Rs. 114,883 on Tuesday, July 22.

"MCX Gold Aug is expected to rise further towards the Rs. 99,800 level as long as it stays above the ₹98,500 level. MCX Silver Sep is expected to slip towards the Rs. 113,000 level as long as it trades below the Rs. 115,150 level." according to the ICICI Direct Commodity Research Report.

Silver Prices Today in Bengaluru

Silver prices today in Bangalore jumped sharply and stood at Rs. 118,000 after a rise of Rs. 2000. Meanwhile, 100 grams of silver is currently priced at Rs 18,000 across India, up by Rs 200.

Spot Gold and Spot Silver Price Today

As per the latest Reuters commodity report, "Spot gold was up 1.3% at $3,394.23 per ounce at 02:34 p.m. ET (1834 GMT), hitting its highest since June 17. U.S. gold futures settled 1.4% higher at $3,406.40. Spot silver gained 2.1% to $38.99 per ounce."

"Spot Gold is likely to rise further towards the $3420 level on a weak dollar and softening of U.S. Treasury yields. Further, demand for safe haven may increase with escalating geopolitical tension in the Middle East and uncertainty over U.S. trade policies ahead of the deadline of 1st August, when most of the countries that failed to make trade deals with Washington will face more tariffs. Meanwhile, investors will keep an eye on Fed Chair Powell's speech to get some cues on interest rate trajectory." The ICICI Report further stated.

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