Gold Prices In Bangalore Surge: 18K Gold Now Over Rs. 60,000 Per 10g; Latest Rates Inside

Gold prices in Bangalore today experienced a big rise once again after back to back to gains seen in the previous week due to spike in demand as the Indian wedding season has now resumed in January causing a surge in yellow metal prices..

As of January 13th the 22-carat gold price in Bangalore has risen sharply by Rs. 400 to cost Rs. 73,400. While the 24-carat gold rate spiked by Rs. 430 per 10 grams to retail at Rs.80,070. In a similar line, the lower-value variant of gold, 18-carat gold rates in Bangalore jumped by Rs. 330 to cost Rs. 60,060.

Just like that, the bulkier quantity of gold, 100 g of 24-carat gold, is priced at Rs. 8,00,700, rising by Rs. 4,300, and the 22-carat gold per 100 grams now retails at Rs. 7,34,500 after jumping Rs. 4,000. Similarly, 100 grams of 18-carat gold costs Rs. 60,06,000, which spiked Rs. 3,300.

Yellow Metal on the Rise: Gold Prices Surge Amid Strong Demand

With the beginning of January the demand for gold spiked sharply which can be seen as the yellow metal has risen by more than 10,000 per 100 grams in the last 10 daysThis rise in prices is majorly because of the strong surge in demand fuelled by the wedding season which will resume post Makar Sankranti 2025. As buyers flock to retail gold shops in anticipation of festivities, gold prices in Bangalore are expected to rise even further this month.

Globally, however, gold prices are under pressure, with a stronger U.S. dollar putting a lid on any substantial gains. The U.S. dollar index is hovering near 109.92, approaching record-high levels, which is exerting significant downward pressure on gold. Additionally, the recent strong U.S. jobs data suggests that the Federal Reserve's stance on policy easing may remain cautious. As President Donald Trump assumes office on January 20, his policies are expected to play a crucial role in shaping inflation trends and global economic patterns moving forward.

Gold Prices in Major Indian Cities

Most of the Indian cities saw a huge rally in gold prices today. Here are gold prices in some of the major cities:

Cities	24 carat	22 carat
Delhi	₹ 80,220	₹ 73,550
Mumbai	₹ 80,070	₹ 73,400
Chennai	₹ 80,070	₹ 73,400
Kolkata	₹ 80,070	₹ 73,400

Silver Prices in Bangalore

Silver rates in Bangalore Today also experienced a Surge of Rs. 1000 per kg, to cost Rs. 94,500 at Rs. 94,500. Similarly, 100 grams of silver is currently retailing at Rs. 9,430.

Gold And Silver Future Price On MCX

On the Multi Commodity Exchange (MCX), the gold futures for February 5th, 2025, delivery surged by 195 points, or 0.25%, and are currently priced at Rs. 78,618. Meanwhile, silver futures, with a delivery date of March 5, 2025, are trading lower by 0.18%, shedding 166 points to Rs. 92,340.

Spot Gold and Silver Prices Today

As per the latest Reuters update, spot gold remained steady at USD 2,689.09 per ounce as of 02:12 GMT, maintaining its position near the one-month high reached on Friday. Meanwhile, spot silver experienced a slight decline of 0.1%, trading at USD 30.36 per ounce. Additionally, U.S. gold futures rose by 0.2%, reaching USD 2,719.50.