Bangalore Gold Rate Today, May 11: PM Modi’s Gold Purchase Appeal Puts Spotlight On IBJA Rates

Gold prices in Bangalore remained elevated on Monday as investors tracked global uncertainty and Prime Minister Narendra Modi's recent appeal urging citizens to postpone gold purchases and foreign travel for one year to help conserve foreign exchange reserves.

According to the latest bullion market data, the 24-carat gold rate in Bangalore today stands at Rs 1,52,990 per 10 grams, placing the city among the costliest metro markets for gold in India. Silver prices in Bangalore are also trading high at around Rs 2,62,100 per kilogram.

PM Modi's remarks came amid continuing geopolitical tensions in the Middle East and concerns over global economic stability. Analysts say the statement has brought fresh attention to bullion markets, especially as gold continues to trade near record levels.

BJA Gold Rates Today

The latest benchmark prices released by the India Bullion and Jewellers Association (IBJA) show the following rates per gram

According to the latest IBJA rates on May 11, 999 purity gold is priced at Rs 15,108 per gram, while 995 purity gold stands at Rs 15,047. Meanwhile, 916 purity gold is retailing at Rs 13,839 per gram, 750 purity gold at Rs 11,331, and 585 purity gold at Rs 8,838 per gram.

| Purity | IBJA Rate |
| --------------- | --------- |
| 999 Purity Gold | Rs 15,108 |
| 995 Purity Gold | Rs 15,047 |
| 916 Purity Gold | Rs 13,839 |
| 750 Purity Gold | Rs 11,331 |
| 585 Purity Gold | Rs 8,838 |

Despite a slightly softer trend in IBJA benchmark prices, retail gold prices in Bangalore and other southern cities continue to remain elevated due to sustained demand and global market uncertainty.

Bangalore Gold, Silver Rates Today

On May 11, gold prices in Bangalore remained elevated, with 24-carat gold retailing at Rs 1,52,990 per 10 grams. Silver rates also stayed high in the city, trading at around Rs 2,62,100 per kilogram today.

Southern Cities Continue To Lead Gold Prices

Among major Indian metros, Chennai currently has the highest gold rate at Rs 1,53,320 per 10 grams, followed by Hyderabad at Rs 1,53,110. Bangalore remains close behind, reflecting strong bullion demand across southern India.

Jewellery traders say wedding season demand, investment buying, and safe-haven interest amid geopolitical tensions are supporting higher prices in the region.

Global Gold Market Remains Volatile

In the international market, spot gold slipped 0.4% to $4,697.85 an ounce in Singapore trading hours, according to Bloomberg. Silver prices also edged lower by 0.1% to $80.24 an ounce.

Market experts expect gold and silver to remain range-bound in the near term as investors monitor developments in US-Iran peace negotiations along with upcoming US economic data and interest rate expectations.

However, analysts believe any escalation in geopolitical tensions could continue to support safe-haven demand for bullion globally.