Gold prices surge again in Bengaluru-₹2,100 jump per 10 grams

After a brief dip post-Diwali, gold prices in Bengaluru have shot up sharply again. The yellow metal’s cost rose by ₹2,100 per 10 grams, tightening buyers’ budgets.

After giving consumers a short-lived relief during Diwali, gold prices in Bengaluru have once again surged sharply. The festive season that earlier saw a drop of nearly ₹10,000 per 10 grams has now witnessed a reversal, with gold rates climbing by ₹2,100 in a single day.

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On Friday, the price of 22-carat gold rose by ₹2,000 per 10 grams, taking the new rate to ₹1,13,550, compared to Thursday’s ₹1,11,550. Similarly, 24-carat gold witnessed a rise of ₹2,100, touching ₹1,19,230 per 10 grams, up from ₹1,17,130 the previous day.

Here’s the detailed price comparison:

The yellow metal, which was already out of reach for many households, has become even costlier. Traders attribute the hike to global market fluctuations, import costs, and festive demand.

Many consumers who traditionally invest in gold during festivals are now reconsidering purchases, choosing instead to invest in other assets or household goods. Jewelers say that footfall in stores has slowed slightly after this sudden spike.

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The gold market, which has been volatile for months, continues to move unpredictably, keeping both buyers and traders on edge.