Gold Price Today: Gold Prices in India Show Steady Rise Amid Global Economic Uncertainty
Gold Price Today: Gold prices in India continued their upward movement on December 24, reflecting sustained demand and global economic influences. In early trade, the price of 24-carat gold increased slightly, while silver also registered a noticeable rise. This steady appreciation highlights gold’s role as a preferred safe-haven asset during periods of international financial instability and geopolitical tension.
Overview of Gold and Silver Price Movement
On Wednesday morning, the price of 24-carat gold rose by Rs 10 per 10 grams, reaching Rs 1,38,560. At the same time, 22-carat gold also recorded an increase of Rs 10, with 10 grams priced at Rs 1,27,010. Silver prices moved higher as well, climbing by Rs 100 per kilogram to Rs 2,23,100. Though the increments appear modest, they add to a broader trend of rising precious metal prices observed throughout December.
Detailed 24 Carat Gold Rates in India
The rate of 24-carat gold showed a marginal but consistent rise across all standard quantities. One gram of pure gold was priced at Rs 13,856, reflecting a Re 1 increase from the previous trading day. For buyers looking at slightly larger quantities, 8 grams were available at Rs 1,10,848, while 10 grams stood at Rs 1,38,560. Bulk buyers saw 100 grams priced at Rs 13,85,600, marking a Rs 100 rise compared to the previous day. This uniform increase suggests stable demand across retail and investment segments.
Updated 22 Carat Gold Prices
The 22-carat gold segment, widely used in jewelry making, also experienced a similar upward trend. The price of 1 gram increased to Rs 12,701, up by Re 1. Eight grams were priced at Rs 1,01,608, while 10 grams reached Rs 1,27,010. For larger purchases, 100 grams of 22-carat gold cost Rs 12,70,100. These prices indicate that consumer demand, particularly during the wedding and festive season, remains resilient despite elevated rates.
Latest 18 Carat Gold Rate Trends
Gold of 18-carat purity, commonly preferred for modern and lightweight jewelry designs, recorded a marginal rise as well. One gram was priced at Rs 10,392, showing a Re 1 increase. The price of 8 grams stood at Rs 83,136, while 10 grams reached Rs 1,03,920. For 100 grams, the rate moved up to Rs 10,39,200. The steady movement in this category reflects balanced demand from urban consumers and the fashion jewelry segment.
City-Wise Gold Prices Across Major Indian Markets
Gold prices varied slightly across major Indian cities due to local taxes and logistics costs. In Mumbai, Bengaluru, Hyderabad, Kolkata, and Kerala, 24-carat gold was priced at Rs 13,856 per gram, while 22-carat gold stood at Rs 12,701. Delhi recorded slightly higher rates, with 24-carat gold at Rs 13,871 and 22-carat gold at Rs 12,716. Chennai remained among the costliest markets, where 24-carat gold was priced at Rs 13,932 per gram and 22-carat gold at Rs 12,771. Ahmedabad saw marginally higher prices than most cities, reflecting regional demand patterns.
Factors Driving the Recent Surge in Gold Prices
December has witnessed a sharp surge in gold prices, with record highs being set in quick succession. On the previous trading day alone, 24-carat gold jumped by nearly Rs 2,400 per 10 grams, signaling strong bullish momentum. Market analysts attribute this trend to a combination of global economic pressures, including a weakening US dollar and rising geopolitical tensions, particularly in parts of South America. These factors have increased investor interest in gold as a hedge against currency fluctuations and global uncertainty.
Outlook for the Precious Metals Market
Looking ahead, gold prices are expected to remain volatile but biased upward if global economic challenges persist. Investors and consumers alike are closely monitoring international cues, central bank policies, and geopolitical developments. While short-term corrections cannot be ruled out, the long-term outlook for gold remains positive, supported by its enduring value and strong demand fundamentals.