A US-Iran Ceasefire paradoxically raises Bengaluru gold prices
The price of 24K gold in Bengaluru rose to Rs 15,300 per gram on April 10, 2026, while 22K gold increased to Rs 14,025 per gram. This local rally was driven by a weaker US Dollar Index, which made gold cheaper for Indian buyers and stimulated demand. The dollar's decline was triggered by a sharp drop in oil prices, which followed a ceasefire between the US and Iran. While the ceasefire initially cooled safe-haven demand and lowered global bullion prices, the resulting currency shift pushed local rates higher. The price of 22K gold in Bengaluru rose to Rs 14,025 per gram.
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