Gold prices in Bengaluru declined sharply on Monday, February 2, in line with the broader correction seen across domestic and global bullion markets. The fall comes amid heavy profit booking after recent highs, a stronger US dollar, and heightened volatility across commodities.
Latest gold rates in Bengaluru today:
- 24-carat gold: Rs 15,153 per gram
- 22-carat gold: Rs 13,890 per gram
- 18-carat gold: Rs 11,365 per gram
The sharp correction reflects weakness in international gold prices, which have come under pressure due to hawkish global interest rate expectations and liquidation of long positions after gold’s strong rally. Domestic prices have mirrored the global trend, leading to a notable single-day drop across purity levels.
For consumers and jewellers in Bengaluru, the decline offers relatively lower entry points compared with recent peaks, though volatility remains high. Market participants are closely watching global bullion cues, currency movements, and central bank commentary for further direction in gold prices over the coming sessions.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Commodity prices are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
