Gold prices in Karnataka’s capital declined on Tuesday, November 4, 2025, tracking weak global trends and muted local demand. The price of 24-carat gold dropped by ₹71 per gram to ₹12,246, while 22-carat gold fell by ₹65 to ₹11,225 per gram. The 18-carat variety also witnessed a decline of ₹54, now retailing at ₹9,184 per gram.
Gold rate movement in Bengaluru
According to the latest data, gold prices in Bengaluru have remained volatile through the beginning of November. The highest recorded rate for 24K gold this month stood at ₹12,317 per gram, while the lowest was ₹12,246. Similarly, 22K gold fluctuated between ₹11,290 and ₹11,225.
Jewellers attribute this dip to the strengthening of the Indian rupee against the US dollar and subdued international demand. The global gold market has seen a correction following a brief rally driven by geopolitical tensions and inflationary pressures earlier this year.
Comparison with previous rates
On Monday, 24K gold was priced at ₹12,317 per gram, while 22K gold stood at ₹11,290. Tuesday’s decrease marks a percentage drop of around 0.44%, reflecting a short-term downward trend. Market analysts expect minor corrections to continue as investors await cues from upcoming US Federal Reserve policy decisions and domestic festive buying patterns.
For bulk buyers, the rate for 100 grams of 24K gold fell to ₹12,24,600, while the same quantity of 22K gold now costs ₹11,22,500. A one-kilogram purchase of 24K gold would amount to ₹1.22 crore, down ₹71,000 from the previous day’s rate.
Regional and national trends
Across other major Indian cities, gold prices followed a similar downward trajectory. In Chennai and Hyderabad, 24K gold rates stood at ₹12,246 per gram, while in Delhi and Mumbai, prices hovered around ₹12,251. Minor variations are typical due to differing local taxes, transport costs, and making charges.
Industry experts noted that gold rates across southern India—particularly in Bengaluru, Coimbatore, and Hyderabad—tend to move in close correlation owing to shared trading channels and refinery supply routes.
Understanding price fluctuations
Gold prices are influenced by multiple factors, including global inflation rates, exchange rate fluctuations, and changes in import duty. In India, the festive and wedding seasons also play a crucial role, driving periodic spikes in demand.
Experts say that while short-term corrections are normal, the long-term outlook for gold remains strong due to its role as a safe-haven asset. “Global uncertainties, central bank purchases, and inflation trends will continue to lend support to gold prices,” said a senior analyst at a Bengaluru-based bullion firm.
Investment outlook
With prices currently lower, many investors view this as an opportunity to accumulate gold through sovereign gold bonds, ETFs, or digital gold platforms. Financial advisors recommend staggered investments rather than lump-sum purchases to mitigate short-term volatility.
Meanwhile, traditional jewellers in Bengaluru report a slight uptick in inquiries from retail buyers ahead of the upcoming wedding season, despite the recent fall in prices.
Conclusion
As of November 4, 2025, Bengaluru’s gold market remains steady with a marginal decline following international cues. With prices fluctuating within a narrow band, both buyers and investors are advised to stay updated on daily trends to make informed decisions.