Bangalore Gold Prices Correct from Record Highs on April 7; 24K, 22K, 18K Gold Rates Observes Sharp Decline

This correction in gold prices in Bangalore comes after an extended rally where gold consistently hit record highs,due to global uncertainty.

The dip in prices is being closely watched by investors, especially with escalating global trade tensions. The recent imposition of tariffs by former US President Donald Trump on multiple countries has triggered a massive sell-off across global equity markets. As a result, many investors had turned to gold as a safe-haven asset, pushing gold prices to new highs. However, market analysts suggest that the current pullback may be temporary and a bullish reversal in gold prices is likely in the near future.

On April 7th, the 22-carat gold price in Bangalore slipped by Rs. 250 per 10 grams, now costing Rs. 82,850. Meanwhile, 24-carat gold saw a drop of Rs. 280, bringing its price to Rs. 90,380 per 10 grams. Similarly, 18-carat gold prices decreased by Rs 200, now priced at Rs 67,790.

Just like that, the cost of 100 grams of 22-carat gold now stands at Rs 8,28,500, showing a Rs 2,500 reduction, while 100 grams of 24-carat gold rates in Bangalore have fallen by Rs 2,800, retailing at Rs 9,03,800.

Bangalore Gold Prices: Should you invest in gold now?

Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd, says, ” Gold and silver prices continued to face turmoil and hit their lowest levels in more than three weeks, as a wider market sell-off triggered by U.S. President Donald Trump’s tariff measures impacted bullion traders. Gold and silver dropped more than 3% on Friday as investors sold off bullion to cover their losses from a wider market meltdown as an intensifying trade war sparked concerns of a global growth slowdown. After a blanket tariff announcement by US President Trump, all markets languished; however, more than 50 nations have reached out to the White House to begin trade talks since Trump rolled out sweeping new tariffs, top officials said over the weekend as they defended levies that wiped out nearly $6 trillion in value from U.S. stocks last week. ”

“China struck back at the U.S. tariffs imposed by Trump with a slew of countermeasures, including extra levies of 34% on all U.S. goods and export curbs on some rare earths, deepening the trade war between the world’s two biggest economies. The European Union agrees on a first set of countermeasures targeting $28 million worth of US imports. Federal Reserve Chairman Jerome Powell said tariffs increased the risk of higher inflation and slower growth, highlighting the difficult path ahead for policymakers at the U.S. central bank. Focus this week will be on the RBI interest rate decision and US CPI and PPI data.” Manav added.

Bangalore Gold Prices: Silver Prices In Bangalore

Silver rates in Bangalore today showed no major movements and currently stand at Rs. 94,000 per kilogram. Similarly, the price for 100 grams of silver costs Rs. 9,400.

Bangalore Gold Prices: Gold And Silver Future Price On MCX

Gold futures prices on the Multi Commodity Exchange are trading in the green today. Gold futures, which are going to mature on June 5th, were trading at Rs. 88,300 with a rise of 0.26%. Likewise, silver futures set to mature on May 5th, 2025, traded at Rs 88,589, which jumped by 1.83% at the start of the week.

Bangalore Gold Prices: Spot Gold And Silver Rates Today

Gold prices today edged lower in early trade, as global recession fears continue to cloud investor sentiment. According to FXStreet, spot gold fell to a three-week low during the Asian session on April 7 before showing a mild recovery, though it lacked strong follow-through.

As of April 7, the spot gold price is trading at USD 3,025.17 per ounce, down by USD 11.80 or 0.39%. Meanwhile, the spot silver price is holding stronger, trading at USD 30.16 per ounce, up USD 0.57 or 1.91%.