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Gold Dips in Bangalore Amidst Global Cues
20 Apr
Summary
- 24K gold in Bangalore dropped by Rs 49 per gram on April 20.
- 22K gold also saw a decrease of Rs 45 per gram.
- Global factors like a stronger dollar and profit booking influence prices.
On April 20, 2026, gold prices in Bangalore saw a marginal decrease. The rate for 24K gold fell by Rs 49 per gram, bringing its price to Rs 15,529, and for 10 grams, it costs Rs 1,55,290. Similarly, 22K gold decreased by Rs 45 per gram, with the current rate at Rs 14,235 per gram and Rs 1,42,350 for 10 grams.
These downward movements are influenced by global market dynamics, including a firmer US dollar and profit-booking activities following recent price surges. Domestic demand has adopted a cautious stance due to the prevailing high gold prices. Factors such as Middle East tensions affecting oil prices, a weakened Indian Rupee against the US dollar, elevated global gold prices, and uncertainty surrounding US interest rates also contribute to the fluctuating domestic rates.
