Gold prices in Bangalore, also called Bengaluru, witnessed a slight uptick today, Wednesday, March 12. Gold prices surged in other cities as well, as the precious metal became more expensive in India ahead of the Holi festival celebrations.

Gold prices increased in Indian cities, including Bangalore, today in the backdrop of a falling US dollar index.

The US dollar index continued to remain near its lowest levels in five months and hovered around 103.5 on Wednesday due to a stronger euro. The gold upward moment is also supported by weak equity market sentiments and a decline in 10-year US Treasury yields. The weakening of the US Dollar Index increases the demand for gold as the yellow metal becomes more attractive to investors.

Gold Prices in Bangalore Today

The price of 22-carat gold in Bangalore increased by Rs 45 to Rs 8,065 per gram on Wednesday. Whereas the price of 24-carat gold increased by Rs 49 to Rs ₹8,798 per gram. 18 Carat gold price in Bangalore stood at ₹6,599/ gram with a surge of Rs 37 on Wednesday.

Gold Prices in Bangalore

Due to a surge in gold prices in India, rates of 22, 24, and 18 Carat gold rose in Bangalore and other Indian cities. As of now, gold prices in Bangalore have increased by 1.57% in March and may increase more in the coming days, given the current geopolitical scenario and stock market volatility.

Gold Prices in Bangalore: Check price history

Gold Prices in Bangalore touched the lowest mark on March 1 at ₹7,940 for 22 Carat, whereas they remained at their highest mark at Rs 8065 on March 5 in the same category. Gold prices (for 24 Carat) in Bangalore stood at its lowest mark of Rs ₹8,662 on March 1 this month and its highest mark of Rs 8,798 on March 5 in this month till now.

Silver Prices in Bangalore Today

The price of silver in Bangalore stood at Rs 100 per gram and Rs 1,00,000 per kilogram. The precious metal witnessed a nominal surge of Rs 2 per gram in its rate in one day. Silver prices in Bangalore and other Indian cities tend to follow the trend of gold prices. Consequentially, the price of silver has increased 3 per cent so far in March. Its price in Bangalore remained at its lowest mark of Rs.97,000 (per kilogram) on March 1 in the existing month. Whereas, the price rose to its highest level of the month on March 12, and was sold at the rate of Rs.1,00,00/kilogram

Rising demand for gold, silver: What’s fuelling the price?

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

Geopolitical tensions due to ongoing Russia-Ukraine war have also fueled safe-haven buying, according to Kaynat Chainwala, AVP Commodity Research at Kotak Securities.

“Comex Gold rebounded on Tuesday after declines in the previous two sessions, closing above $2,920 per ounce, driven by concerns over the economic impact of Trump’s tariffs, which pushed the dollar to a five-month low. Geopolitical tensions also fueled safe-haven buying as Ukraine launched its largest drone attack on Moscow, with Russia intercepting 343 drones and threatening retaliation using the “Oreshnik” hypersonic missile.

Meanwhile, Ukraine indicated its readiness for a ceasefire, stating that the US must convince Russia to agree. Gold prices closed near session highs, despite US JOLTS job openings rising to 7.74 million in January, surpassing forecasts. Today, gold remains steady below $2,920 as markets cautiously await the US CPI data to gauge the Fed’s potential interest rate stance for 2025, with a hotter inflation reading potentially dampening expectations for three rate cuts in 2025,” said Kaynat Chainwala.