{"id":"f-993d06a2ab-4bda17f3-004d-514d-bfe2-1f2f6e65ed47","title":"Gold Rate Today: Check city-wise price of 24-carat per 10 gm","description":"Gold Rate Today: Gold and silver prices fell slightly on December 18 as investors booked profits after recent rallies. Gold traded at Rs 1,34,606, silver at Rs 2,06,767. A weaker rupee and geopolitical tensions support demand, while interest rates influence the outlook. Silver may reach USD 75–77 if supply tightens and demand continues.","timestamp":1766037798,"category":"business","headline":"Gold Rate Today: Check city-wise price of 24-carat per 10 gm","modifiedHeadline":"Gold Price Today: Check Rates Per 10 Gram","subCategories":["scid_82c07a94"],"region":"IN","bundleMetaData":{"bundleId":"ece1ae3d-908e-48c7-9e53-a4aa910ee4db","bundleTitle":"Grow Your Money","cardData":null},"iabCategoryId":"53","fcSummary":"Gold prices saw a slight dip as investors booked profits after a previous rally, while silver prices also decreased after hitting a record high. Rupee movement and geopolitical factors are supporting gold. Silver is expected to reach USD 75–77 in 12–18 months.","summary":"Gold, silver prices dipped amid profit booking on December 18, with gold at Rs 1,34,606 & silver at Rs 2,06,767. Geopolitics support demand.","ctaUrl":"https://trends.glance.com/newz/Personal_Finance/IN/en/et-now/f-993d06a2ab-4bda17f3-004d-514d-bfe2-1f2f6e65ed47","sourceUrl":"https://www.etnownews.com/personal-finance/gold-rate-today-check-city-wise-price-of-24-carat-per-10-gm-article-153310311","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/p9M1YWO6U4f0.webp","content":"

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Gold Rate Today: Gold and silver prices ticked lower on Thursday (December 18) as investors booked profits following a rally in the previous session. As

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of 9:55 am, gold prices edged down by 0.2 per cent, or Rs 288, to trade at Rs 1,34,606. Prices remain close to the record high of Rs 1,35,496. On the silver front, prices fell by 0.3 per cent, or Rs 668, to Rs 2,06,767, after hitting an all-time high of Rs 2,07,833 in the previous session. “Gold has seen a minor correction from its highs. Silver is outperforming. Most major triggers, such as trade deals between India and the US, have already been factored in. Therefore, the current small correction is expected,” said Manav Modi from Motilal Oswal.

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Rupee movement supports gold prices

Limiting further downside, the rupee traded in a narrow range against the US dollar in early trade on Thursday. Earlier this week, the currency hit an all-time low of Rs 90.38 against the dollar.\n
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\nA weaker rupee boosts gold prices on MCX, as imports become costlier, increasing demand for domestic gold contracts.\n
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Geopolitical factors add safe-haven demand

On the geopolitical front, former US President Donald Trump ordered a blockade of all sanctioned oil tankers entering and leaving Venezuela, in a move to increase pressure on President Nicolas Maduro's government. This has added to safe-haven demand for gold.\n
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\nGold is considered a safe-haven asset because investors flock to it during periods of economic uncertainty, inflation, or market volatility, preserving wealth when other assets may lose value.\n
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Gold and silver outlook

Analyst Bhupesh Sharma told ET Now Swadesh, “If we talk about gold and silver fundamentals, in trades like the carry trade, any change in interest rates by 25 basis points, or an increase of 50 basis points, could lead to profit-taking in gold and silver. Other than that, most news impacting fundamentals has already been priced into the market.”\n
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\nHigh interest rates raise the cost of holding non-yielding assets like gold, often leading to weaker gold prices as investors prefer interest-bearing instruments.\n
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\nManav Modi expects that in 12–18 months, silver could reach USD 75–77 in the international market if supply tightness, industrial demand, and safe-haven demand continue.\n
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\nUnlike gold, silver is both a precious and an industrial metal, widely used in electronics, solar panels, batteries, and medical applications due to its excellent conductivity and antimicrobial properties.\n
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City-wise gold prices (24 carat)

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City Name	Prices/10g (24 carat)
Chennai	1,34,710
Bangalore	1,34,740
Hyderabad	1,34,670
Mumbai	1,34,660
Kolkata	1,34,640
Pune	1,34,660
Chandigarh	1,34,740
Delhi	1,35,400
Noida	1,34,810
Gurgaon	1,34,800

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)\n

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Gold Rate Today: Check city-wise price of 24-carat per 10 gm

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