Gold prices in Bengaluru rose for the third consecutive session to their highest level in nearly 10 weeks, supported by steady global markets and recovering jewellery demand, signalling a bullish trend for the metal.
Gold prices in Bengaluru rose for a third straight session on Thursday, lifting the city’s benchmark rates to their highest level in nearly 10 weeks, according to Goodreturns data. The move came as the broader bullion market held firm and jewellery demand showed signs of recovering. 24-carat gold climbed by ₹27 a gram to ₹15,513, while 22-carat gold gained ₹25 to ₹14,220 and 18-carat gold advanced ₹21 to ₹11,635. Silver was unchanged at ₹255 a gram, or ₹2,55,000 a kilogram.
The latest gains pushed local prices to their strongest level since June 5, 2026, extending a rally that has gathered pace over the past few weeks. In a city where gold buying is closely watched by retail customers as well as wealthy households, the rise has again put Bangalore’s rates in focus.
The upturn mirrored steadier conditions in global bullion markets. International gold was trading at about $4,400 an ounce on Thursday, near a 10-week high, as softer United States inflation data eased pressure on the Federal Reserve to keep tightening policy in the near term, according to Trading Economics. Markets are now awaiting producer inflation figures, which could help shape expectations for the next move by the central bank.
The wider backdrop has remained supportive for gold. A strategic note from SciReon Advisory projected an average first-quarter 2026 price of $4,520 an ounce, with a bull-case estimate of $4,750, while Goldman Sachs commodities analyst Daan Struyven said in a CNBC-TV18 interview in October 2025 that prices could move above $4,000 an ounce and potentially reach about $4,300 by the end of 2026. A separate central bank report from Peru showed gold at $5,164.8 an ounce on February 25, 2026, underscoring how elevated the metal has remained in recent months.
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