Gold Price Today: Gold and Silver Prices Show Mixed Trends in Indian Markets on December 17
Gold Price Today: The Indian bullion market witnessed notable movements on Wednesday, December 17, as gold and silver prices showed a mix of sharp gains and mild corrections across different segments. While futures trading on the Multi Commodity Exchange reflected strong momentum, retail gold rates across carat categories recorded marginal declines. These fluctuations were largely influenced by global currency movements, investor sentiment, and profit-booking activity.
MCX Gold and Silver Performance
In futures trading, precious metals showed significant volatility. Gold contracts for February delivery on the Multi Commodity Exchange moved higher during the session, trading close to their all-time peak. Prices climbed by more than half a percent to reach Rs 1,35,150 per 10 grams, just shy of the record high achieved a day earlier. This upward movement highlighted continued investor interest in safe-haven assets despite short-term market pressures.
Silver, on the other hand, outperformed gold by a wide margin in futures trade. March silver contracts surged sharply, registering a rise of around four percent. This rally pushed silver prices to a historic high of Rs 2,05,665 per kilogram, reflecting strong demand from both industrial and investment segments.
24 Carat Gold Rates in India
Retail prices of 24 carat gold in India showed a slight decline compared to the previous day. The rate for one gram stood at Rs 13,385, slipping marginally by Re 1. Similarly, eight grams of pure gold were priced at Rs 107,080, registering a small drop. The commonly tracked ten-gram rate eased to Rs 133,850, while one hundred grams of 24 carat gold was available at Rs 1,338,500. These minor changes indicate price stability despite broader market fluctuations.
22 Carat Gold Rates in India
Gold rates for 22 carat purity also edged lower across the country. One gram was priced at Rs 12,269, reflecting a negligible decline. For consumers purchasing jewelry in larger quantities, eight grams were priced at Rs 98,152, while ten grams cost Rs 1,22,690. The price of one hundred grams of 22 carat gold stood at Rs 12,26,900. These changes remained minimal, suggesting steady demand in the domestic jewelry market.
18 Carat Gold Rates in India
Prices of 18 carat gold followed a similar trend, recording marginal corrections. One gram was priced at Rs 10,038, slightly lower than the previous day. Eight grams cost Rs 80,304, and ten grams were available at Rs 1,00,380. For bulk buyers, one hundred grams of 18 carat gold was priced at Rs 10,03,800. The consistency in pricing reflects limited volatility in this segment.
City-Wise Gold Prices Across Major Markets
Gold prices varied slightly across major Indian cities due to local taxes and transportation costs. In cities such as Mumbai, Hyderabad, Bengaluru, Kolkata, and Kerala, 24 carat gold was priced around Rs 13,385 per gram, while 22 carat gold hovered near Rs 12,269 per gram. Ahmedabad and Delhi reported slightly higher rates, whereas Chennai recorded the highest prices among metro cities, reflecting regional pricing differences.
Impact of Global Factors on Bullion Prices
Global economic indicators played a key role in shaping market sentiment. The strengthening of the US dollar against other major currencies led to some profit booking in gold. The dollar index rose by approximately 0.20 percent, which typically exerts pressure on non-yielding assets like gold. As a result, during early morning trade, MCX gold futures dipped slightly to Rs 1,34,129 per 10 grams.
In contrast, silver continued to attract buying interest, rising over three percent in the same session to trade near Rs 2,04,445 per kilogram. This divergence highlights silver’s dual role as both a precious and industrial metal.
Market Outlook
Going forward, gold and silver prices are expected to remain sensitive to global currency movements, inflation data, and central bank policies. Domestic demand ahead of festive and wedding seasons may also influence retail prices. Investors and buyers are advised to keep a close watch on international developments while planning purchases or investments.