Gold Price Today: The domestic bullion market opened with a noticeable upswing in gold rates on December 6, while silver witnessed a marginal decline. In the national capital, the price of 24-carat gold climbed to ₹1,30,090 per 10 grams, reflecting the overall positive sentiment in global markets.
Internationally, gold prices also surged, with spot gold trading at $4,223.76 per ounce, marking renewed investor interest ahead of key economic developments in the United States.
Meanwhile, silver prices moved in the opposite direction. The metal slipped to ₹1,86,900 per kilogram, while the global spot price of silver hovered near $58.17 per ounce. Let’s take a detailed look at today’s gold and silver rates across major Indian cities and the economic factors influencing them.
Gold prices continued to firm up in Delhi, driven by strong overseas demand and expectations of monetary policy easing.
24-carat gold: ₹1,30,090 per 10 grams
22-carat gold: ₹1,19,260 per 10 grams
The steady rise in premium gold categories reflects the broader global trend influenced by softer economic data from the US.
In key metropolitan cities like Mumbai, Chennai and Kolkata, gold prices remained largely in sync.
22-carat gold: ₹1,19,110 per 10 grams
24-carat gold: ₹1,29,940 per 10 grams
These markets generally follow similar pricing dynamics due to uniform demand patterns and common wholesale suppliers.
Pune and Bengaluru recorded the same rates as Mumbai and Chennai:
24-carat gold: ₹1,29,940 per 10 grams
22-carat gold: ₹1,19,110 per 10 grams
| City | 22K Gold (₹/10g) | 24K Gold (₹/10g) |
|---|---|---|
| Delhi | 1,19,260 | 1,30,090 |
| Mumbai | 1,19,110 | 1,29,940 |
| Ahmedabad | 1,19,160 | 1,29,990 |
| Chennai | 1,19,110 | 1,29,940 |
| Kolkata | 1,19,110 | 1,29,940 |
| Hyderabad | 1,19,110 | 1,29,940 |
| Jaipur | 1,19,260 | 1,30,090 |
| Bhopal | 1,19,160 | 1,29,990 |
| Lucknow | 1,19,260 | 1,30,090 |
| Chandigarh | 1,19,260 | 1,30,090 |
Fresh US employment data for November revealed a drop in payroll numbers — the weakest since 2023. This has increased expectations of a possible interest rate cut by the US Federal Reserve.
When interest rates fall, yields on bonds decline, making gold a more attractive investment. As a safe-haven asset, gold often benefits from economic uncertainty and speculation around monetary policy.
The Federal Reserve’s upcoming FOMC meeting on December 9–10 is likely to provide further clarity on these expectations.
Adding to the positive sentiment, the Reserve Bank of India cut the repo rate by 0.25% on December 5, bringing it down to 5.25%.
A lower repo rate reduces borrowing costs for banks, making home loans, vehicle loans and personal loans more affordable. Historically, lower interest environments also tend to boost gold demand both for investment and jewellery purchases.
Contrary to gold, silver prices slipped in the domestic market:
Domestic silver price: ₹1,86,900 per kg
Global silver spot price: $58.17 per ounce
Silver often fluctuates more sharply than gold because it relies on both industrial demand and investment sentiment. Weakness in global industrial outlook has contributed to today’s decline.
Both gold and silver prices in India are influenced by:
International bullion trends
Currency exchange rates
Domestic demand during festive and wedding seasons
Economic indicators from major economies
Central bank policy actions
With global uncertainties and central banks hinting at softer monetary policies, gold may continue to see upward movement in the coming weeks.
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