Why Gold Rate In Bangalore Is Surging Back-to-Back? 24K Gold Jumped Rs. 23,500/100g So Far in June; Here's Why

The sharp surge in gold prices in Bangalore has shown no signs of slowing down over the past few days. With the beginning of June, gold rates in Bangalore have been steadily climbing. In just four trading days, 24 karat gold in Bangalore has jumped by a massive Rs. 21,000 per 100 grams. Currently the 22 karat gold price in Bangalore is once again above Rs. 91,000 per 100 grams, while 24 karat gold prices are soaring past Rs. 99,000 per 100 grams.

Gold Price in Bangalore on June 5th

As of today, gold rate in Bangalore extended a rally, with 22-carat gold rising to Rs. 91,300 per 10 grams, reporting gains of Rs. 400. Similarly, the pure 24-carat gold rates in Bangalore per 10 grams spiked by Rs. 440 to cost Rs. 99,600. Just like that, 18-carat gold pieces also rose by Rs. 320 per 10 grams to cost Rs. 74,700.

The 22-carat gold rate in Bangalore per 100 grams rose by Rs. 4000, bringing the prices to Rs. Rs.9,13,000. In a similar manner, the 24-carat gold per 100 grams surged by Rs. 4300 to retail at Rs. 9,96,000.

Gold Shines Bright This Month

Gold trading is witnessing significant momentum this week, leading to a sharp rise in prices. The gold rates in India have been steadily climbing due to strong demand from citizens and investors alike.

Meanwhile, domestic gold prices are being influenced by international spot rates. "Globally, gold has regained strength, rallying toward USD 3,380 per ounce. This surge is supported by a weakening US dollar and falling US Treasury yields. Additionally, weaker-than-expected US private sector job growth, which hit a two-year low, has increased expectations of a Federal Reserve rate cut, further boosting gold prices in the international market." ICICI Commodity Report.

It will be interesting to see if gold prices in India surpass the record high level once again amid the ongoing economic and geopolitical tensions.

Gold Prices in Other 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	₹ 99,475	₹ 91,450
Mumbai	₹ 99,960	₹ 91,300
Chennai	₹ 99,960	₹ 91,300
Kolkata	₹ 99,960	₹ 91,300

Silver Prices in Bangalore

Bangalore silver prices also surged for the fortieth consecutive time this week. Currently, the price of 1 kilogram of silver stands at Rs. 1,04,000 per kg after rising Rs. 2000, while 100 grams of silver is priced at Rs. 10,400 per 10 grams. Jumping Rs. 200.

Gold And Silver Future Price On MCX

On the Multi Commodity Exchange (MCX), the gold futures for August 5th delivery are trading lower by 0.29%, at Rs. 98,289 per 10 grams. Similarly, the silver futures for the July 4th, 2025, expiry have crossed the Rs. 1 lac mark and are currently trading higher by 0.32%, trading at Rs. 1,01,701 per kg.

"MCX Gold Aug is expected to rise towards Rs. 99,400 level as long as it stays above Rs.97,800 level. MCX Silver July is expected to rise towards Rs.102,800 level, as long as it holds above Rs. 99,800 level." an ICICI Commodity report stated

Spot Gold and Silver Prices Today

As per the latest Reuters report, "Spot gold edged down 0.3% to USD 3,365.73 an ounce, as of 06:11 GMT. U.S. gold futures were down 0.3% to USD 3,388.90. Spot silver fell 1.4% to USD 34.47 an ounce."

"Spot Gold is expected to hold its gains and move towards $3400, amid increased uncertainty and softer dollar. Demand for safe haven may increase on escalating trade tension between US and China. Investors fear that uncertainty over tariffs may impact trade talks between US and Europe also." ICICI Commodity report stated further.

Disclaimer: The recommendations made above are by market analysts and are not advised by either the author, nor GoodReturns. The author, nor the brokerage firm nor GoodReturns would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.