Gold Prices in Bangalore Today: Gold Rates Rise Sharply on Holi, 24K/100 Gm Up Rs 12,000; Silver Follows Trend

Gold Rate In Bangalore Today: Gold prices in Bangalore, also called Bengaluru, sharply rose on Friday amid a massive surge in demand during the Holi celebration.
The surge in the price of gold in Karnataka's capital reflected a nationwide spike in the price of bullion today. Gold price in India today jumped to its record levels on Holi, with 24-carat gold rates rising by Rs 1200 per 10 grams to Rs 89,780.

Demand for yellow metal is likely to increase further amid geopolitical tensions due to US President Donald Trump's trade tariff imposition and fear of trade wars.

Gold Price in Bangalore Today

The price of gold in Bangalore today jumped significantly on the occasion of Holi. The 24-karat gold rate increased by Rs 120 to Rs 8,978 per gram, whereas the 22-karat gold rate rose by Rs 110 to Rs 8230 per gram. The 18-karat gold (999 gold) rate shot by Rs 90 to Rs 6734 per gram.

Silver Price in Bangalore Today

The price of silver in Bangalore increased by Rs 2,000 to Rs 1,03,000 per kilogram on Friday. The price of gold, silver, and other metals have rallied in the last few months since the beginning of the year 2025. Silver rate on March 14 touched its highest mark of the current month.

The massive surge in gold price is an indicator of the rising interest of investors in bullion amid stock market volatility and global uncertainty. On the global front, gold prices are climbing amid rising expectations of US Federal Reserve rate cuts and the escalation of Donald Trump's multi-front trade war. Recently, Trump has warned of a 200% tariff on European wine and other alcoholic beverages after the EU imposed a 50% tax on American whiskey exports.

The surge in gold prices also found mention in the recently released Consumer Price Inflation data by the National Statistical Office (NSO). As per CPI data, gold was among the top five items showing the highest level of inflation at the All India level in February 2025. Other items that became significantly expensive in February were coconut oil, coconut, silver, and onion. As per PIB data, the price of gold increased by 35.56% YoY in February, and the price of silver shot by 30.89% YoY in February.

Silver and gold remained one of the top traded commodities-futures and options at MCX. As per the latest MCX report, the average daily value of gold and silver trading stood at Rs 10,704 crore and Rs 8,077 crore in February 2025.

Gold crosses psychological milestone of $3,000/ounce

As gold price continue to create fresh record every day, precious metal touched a record mark on Friday. Spot gold increased by 0.4% to $3,000.87 an ounce at 1015 GMT. Spot gold was up 0.4% at $3,000.87 an ounce at 3:45 pm (1015 GMT), reported news Reuters.

As per Trading Economics data, the price of gold has increased by 14% since the beginning of 2025 and is likely to rise further in the coming months. "The precious metal still has an abundance of reasons to pursue higher prices, including geopolitical and economic concerns, along with the prospects of Fed rate cuts," Reuters quoted Han Tan, Exinity Group's chief market analyst.