Gold and Silver Rates Today, December 26: Continuing its upside momentum, gold and silver prices hit new highs on Friday, December 26, amid safe-haven demand and expectations that US interest rates will fall further next year. In Mumbai, the price of 24-carat gold stood at Rs 1,38,930 per 10 grams, while 22k gold was available at Rs 1,27,350 per 10 grams. These rates do not include GST and making charges. Silver was available at Rs 2,33,000 per kg in the spot market.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On December 26?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,28,500 | Rs 1,40,170 |
| Jaipur | Rs 1,28,500 | Rs 1,40,170 |
| Ahmedabad | Rs 1,28,400 | Rs 1,40,070 |
| Pune | Rs 1,28,350 | Rs 1,38,930 |
| Mumbai | Rs 1,28,350 | Rs 1,40,020 |
| Hyderabad | Rs 1,28,350 | Rs 1,40,020 |
| Chennai | Rs 1,28,350 | Rs 1,40,020 |
| Bengaluru | Rs 1,28,350 | Rs 1,40,020 |
| Kolkata | Rs 1,28,350 | Rs 1,40,020 |
In the international market also, gold prices surged to a record high in early Asian trading on Friday, buoyed by safe-haven demand and rising expectations of further interest rate cuts by the US
Federal Reserve.
US spot gold rose 0.5% to $4,501.44 per ounce by 0209 GMT, after touching a record peak of $4,530.60 earlier in the session.
Gold has surged more than 70% this year, its biggest annual gain since 1979, driven by safe-haven demand, expectations of US rate cuts, robust central-bank buying, de-dollarisation trends and ETF inflows, with traders pricing in two rate cuts next year.
Silver has jumped more than 150% over the same period, outpacing gold on strong investment demand, its inclusion on the US critical minerals list and momentum buying.
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.
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