Bangalore Gold Prices Slide to ₹14,350 Per Gram
Gold prices in Bangalore have eased further on July 30, following a recent correction. The price of 24K gold has slipped to ₹14,350 per gram, down by ₹1 from the previous day. Similarly, 22K gold and 18K gold have also declined to ₹13,154 per gram and ₹10,762 per gram respectively.
The current prices remain below the highs recorded during the third week of July. Despite a sharp decline in recent sessions, the market appears to be stabilising after several volatile days.
Market participants will now watch global bullion prices for cues on whether they provide enough support for a recovery in the coming sessions. Gold prices move in response to various factors such as international and domestic prices, fluctuations in the rupee against the U.S. dollar, import costs, inflation expectations, and central bank policies.