Gold Prices Fall Today, December 20: Check 24K & 22K Rates In Delhi, Mumbai & Other Cities

Gold and Silver Rates Today, December 20: Gold prices witnessed a depreciation on Saturday, December 20. In Mumbai, the price of 24-carat gold stood at Rs 1,34,170 per 10 grams, while 22k gold was available at Rs 1,22,990 per 10 grams. These rates do not include GST and making charges. Silver was available at Rs 2,08,990 per kg in the spot market.

What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On December 20?

City	22K Gold (per 10gm)	24K Gold (per 10gm)
Delhi	Rs 1,23,140	Rs 1,34,320
Jaipur	Rs 1,23,140	Rs 1,34,320
Ahmedabad	Rs 1,23,040	Rs 1,34,220
Pune	Rs 1,22,990	Rs 1,34,170
Mumbai	Rs 1,22,990	Rs 1,34,170
Hyderabad	Rs 1,22,990	Rs 1,34,170
Chennai	Rs 1,22,990	Rs 1,34,170
Bengaluru	Rs 1,22,990	Rs 1,34,170
Kolkata	Rs 1,22,990	Rs 1,34,170

Gold exports from Switzerland fell 15% month on month in November as shipments to India dropped to their lowest since ‌February, ‌Swiss customs data showed on Thursday.

Demand in India has been affected by a ‍price rally which sent bullion to a record high of $4,381 per troy ounce in October. Spot prices are up

65% so far this year, heading for their biggest annual gain in 46 years, amid demand for safe-haven assets.

The Swiss data showed that gold exports to India fell to 2 metric ⁠tons in November from 26 tons ​in October, while supplies ‍to China, another major bullion consumer, climbed to 12 tons ‌from 2 tons.

Gold exports from Switzerland, the world’s ‌biggest bullion refining and transit hub, to Britain, home to the world’s largest over-the-counter gold trading hub, jumped to 45 tons last month, the highest ⁠since June, ⁠from 9 tons as bullion kept coming back from US stocks.

What Factors Affect Gold Prices In India?

International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.

In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.

With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.