Bengaluru Gold Silver Rate Today, February 1, 2026: Gold and Silver Prices Fall On Budget Day

Gold and silver prices in Bengaluru fell on February 1, 2026, as prices dropped in global markets after Nirmala Sithraman presented Budget and traders sold after January's sharp rise. While the fall has brought some relief to customers, many investors are still being careful about fresh purchases.

Bengaluru Gold Rate Today (February 1, 2026)

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

24 Carat Gold: ₹1,60,580 per 10 grams (₹16,058 per gram)

22 Carat Gold: ₹1,47,200 per 10 grams (₹14,720 per gram)

18 Carat Gold: ₹1,20,440 per 10 grams (₹12,044 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

Gold prices in the city change every day due to several reasons, such as:

Changes in gold prices in other countries

Rise or fall of the rupee against the US dollar

Global economic news and inflation

Demand for jewellery and gold investments

Experts say gold prices may continue to move up and down in the coming days, especially around the Budget.

Bengaluru Silver Rate Today (February 1, 2026)

Silver prices in Bengaluru have also come down after reaching very high levels in January:

Silver Price per gram: ₹350

Silver Price per kilogram: ₹3,50,000

Traders said silver buying is slow at the moment, though some people are looking to buy at these lower prices.

How to Invest in Gold and Silver

Gold and silver are still popular choices for long-term savings. People can invest in:

Physical gold and silver: jewellery, coins and bars

Other options: gold and silver trading on MCX, ETFs and digital gold products

Experts advise buying with a long-term view and keeping an eye on price changes before making big purchases.