Gold and Silver Price Today in India: Gold and silver prices have fallen significantly in the domestic commodity market. Gold and silver prices fell nearly 2 percent today. This decline is due to concerns that the US Federal Reserve will not cut interest rates in December. Furthermore, concerns about US import duties are said to have eased somewhat.
Gold and silver prices fall by nearly 2%
On Tuesday, as of 9:25 a.m. on the Multi Commodity Exchange (MCX), gold with December expiry fell 1.14 percent to ₹1,21,521 per 10 grams. Silver with December expiry fell 1.75 percent to ₹1,52,600 per kilogram. Gold prices remained weak in the international market for the fourth consecutive day, putting pressure on domestic prices.
Dollar index rises
The dollar index reached 99.59. Gold is priced in dollars. A strong dollar makes gold more expensive in other currencies. Consequently, foreign purchases decrease, putting pressure on prices. This is why gold has been steadily weakening this week.
Latest gold rates in Delhi-Mumbai and other cities
There was a fluctuation in the prices of gold across the country today. In Chennai, 24 carat gold is being sold at Rs 1,24,370 per 10 grams, while 22 carat is being sold at Rs 1,14,000 per 10 grams. After this, the price of 24 carat in Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala and Pune is around Rs 1,23,660 per 10 grams. Meanwhile, the price of 22 carat gold in these cities is Rs 1,13,350 per 10 grams.
Additionally, in the capital, Delhi, 24-carat gold was selling for ₹1,23,810 per 10 grams on Tuesday, while 22-carat gold was selling for ₹1,13,500 per 10 grams. In Vadodara and Ahmedabad, 24-carat gold was selling for ₹1,23,710 per 10 grams, while 22-carat gold was selling for ₹1,13,400 per 10 grams.
See list of gold prices
| City | 24 Carat ( ₹ /10 grams) | 22 Carat ( ₹ / per 10 grams) |
|---|---|---|
| Chennai | 1,24,370 | 1,14,000 |
| Mumbai | 1,23,660 | 1,13,350 |
| Kolkata | 1,23,660 | 1,13,350 |
| Bengaluru | 1,23,660 | 1,13,350 |
| Hyderabad | 1,23,660 | 1,13,350 |
| Kerala | 1,23,660 | 1,13,350 |
| Pune | 1,23,660 | 1,13,350 |
| Delhi | 1,23,810 | 1,13,500 |
| Vadodara | 1,23,710 | 1,13,400 |
| Ahmedabad | 1,23,710 | 1,13,400 |
