Bengaluru Gold Silver Rate Today, February 4, 2026: Gold Prices Rise, Silver Record High

Gold and silver prices in Bengaluru has bounced back on Wednesday, February 4, 2026 recovering some of the losses seen in previous sessions. Both precious metals have posted a strong recovery, with spot gold climbing by about 5 per cent and silver advancing nearly 8 per cent, after enduring sharp sell-offs of over 15 per cent and 30 per cent, respectively, across the previous two trading sessions.

Bengaluru Gold Rate Today (February 4, 2026)

The price of gold in Bangalore today is ₹16,053 per gram for 24 karat gold, ₹14,715 per gram for 22 karat gold and ₹12,040 per gram for 18 karat gold (also called 999 gold).

As per the latest rates in the city, gold is cheaper than it was a few days ago:

24 Carat Gold: ₹1,60,530 per 10 grams (₹16,053 per gram)
22 Carat Gold: ₹1,47,150 per 10 grams (₹14,715 per gram)
18 Carat Gold: ₹1,20,400 per 10 grams (₹12,040 per gram)

Jewellers in Bengaluru said many customers are waiting to see whether prices will fall further before buying gold.

Why Gold Prices Change in Bengaluru

The prices in the city are currently being shaped by several major factors:

The India-US Trade Deal: The reduction of tariffs from 50% to 18% is the single biggest news item. It has fundamentally changed the Rupee's value (surging by over 119 paise), which directly suppresses domestic gold prices even when global rates rise.

Kevin Warsh at the Fed: His nomination is indeed seen as a "hawkish" signal. Markets expect him to defend the Dollar and keep rates higher, which created the initial panic-selling in bullion.

CME Margin Hikes: This is the technical "trigger." When the exchange raised the cost to hold positions, big institutional funds were forced to dump gold and silver to stay liquid, causing the price "tailspin.

Bengaluru Silver Rate Today (February 4, 2026)

Silver prices have moved down significantly from the ₹4.10 lakh per kg mark reached last month. The price of silver in Bangalore today is ₹320 per gram and ₹3,20,000 per kilogram.

Silver Price per 1 kg: ₹3,20,000

Silver Price per 10 grams: ₹3,200

Retail interest in silver coins and bars is steady at these revised rates, though industrial demand remains the primary driver of the current price.

Traders in Bengaluru mentioned that silver buying remains slow as the metal continues to show high volatility, though industrial demand from the tech sector is expected to provide support eventually.

How to Invest in Gold and Silver

Despite the current crash, gold and silver remain staple long-term investments in Karnataka. You can invest via:

Physical Assets: Jewellery, hallmarked coins, and bars from local retailers.

Paper/Digital Gold: Investing in gold/silver ETFs, Sovereign Gold Bonds, or digital gold platforms.

MCX Trading: For those comfortable with market fluctuations, trading futures on the Multi Commodity Exchange.

Experts advise: Given the extreme volatility of the past 72 hours, it may be wise to buy in small, staggered amounts rather than making a single large investment today.