India Gold and Silver Price Update on December 15: Market Trends, City Rates, and Global Impact
India Gold and Silver Price Update on December 15: The Indian precious metals market showed mixed signals on December 15 as gold prices opened slightly lower compared to their recent record highs, while silver continued to trade at elevated levels. Investors and buyers closely tracked movements in domestic bullion rates, global spot prices, currency fluctuations, and demand trends, all of which played an important role in shaping today’s pricing environment.
Overview of Gold and Silver Prices in India
On December 15, the price of gold in India opened at Rs 1,34,600 per 10 grams, registering a marginal decline of nearly half a percent from its all-time high recorded a few days earlier. Despite this minor correction, gold prices remained historically strong, reflecting sustained investor interest and global economic uncertainties. On a per-gram basis, 24-karat gold was priced at Rs 13,473, while 22-karat gold stood at Rs 12,350 per gram. For consumers looking at lighter jewellery options, 18-karat gold was available at Rs 10,105 per gram.
Silver prices also remained firm in the domestic market. On the same day, silver was priced at Rs 200.90 per gram, translating to Rs 2,00,900 per kilogram. The high silver rates indicate steady industrial demand and continued interest from investors seeking diversification beyond gold.
24 Karat Gold Price Movement on December 15
The rate of 24-karat gold showed an upward movement compared to the previous trading session. The per-gram price increased by Rs 82, moving from Rs 13,391 to Rs 13,473. For buyers purchasing 8 grams of pure gold, the price reached Rs 1,07,784, reflecting a rise of Rs 656 from the previous day. The commonly tracked 10-gram rate climbed to Rs 1,34,730, up by Rs 820. On a larger scale, 100 grams of 24-karat gold was priced at Rs 13,47,300, showing a notable daily increase of Rs 8,200. This upward trend highlights strong underlying support for gold despite short-term volatility.
22 Karat Gold Price Update Across Weights
In the 22-karat segment, which is widely used for jewellery making in India, prices also moved higher. The per-gram rate rose to Rs 12,350, marking an increase of Rs 275 compared to the previous session. An 8-gram purchase cost Rs 98,800, which was Rs 600 more than yesterday. The 10-gram rate stood at Rs 1,23,500, up by Rs 750, while 100 grams of 22-karat gold was priced at Rs 12,35,000. These increases suggest steady retail demand even at higher price levels.
18 Karat Gold Rates and Consumer Demand
Gold of 18-karat purity, commonly preferred for modern and lightweight jewellery designs, also recorded gains. The per-gram price increased by Rs 62 to Rs 10,105. For 8 grams, the cost reached Rs 80,840, while 10 grams was priced at Rs 1,01,050. On a bulk level, 100 grams of 18-karat gold was valued at Rs 10,10,500. The gradual rise in this category reflects consistent consumer interest despite premium pricing.
City-Wise Gold Prices Across Major Indian Markets
Gold prices remained largely uniform across most major cities, with slight variations due to local taxes and logistics. Cities such as Mumbai, Kolkata, Kerala, Bengaluru, and Hyderabad reported 24-karat gold prices around Rs 13,473 per gram and 22-karat gold at Rs 12,350 per gram. Chennai recorded slightly higher rates, with 24-karat gold at Rs 13,593 and 22-karat gold at Rs 12,460. In northern and western regions like Delhi and Ahmedabad, prices were marginally higher than the national average, reflecting regional market dynamics.
Global Gold Trends and Currency Impact
In the international market, spot gold prices hovered just above 4,328 dollars per ounce on December 15, slipping around 0.58 percent from their recent peak. Analysts noted that high global prices have led to a year-on-year decline of nearly 35 percent in gold sales during November, as elevated costs discouraged some buyers. However, gold continues to benefit from expectations of lower interest rates, as reduced yields on cash and bonds often make precious metals more attractive.
Meanwhile, the Indian rupee traded at 90.689 against the US dollar, marking a weekly gain of 0.62 percent. A stronger rupee can help limit sharp increases in domestic gold prices, even when global rates remain elevated.