Gold Prices Today: Yellow Metal Jumps, Silver Steady; Check City-Wise Rates On December 8

Gold Rate Today, December 8: Gold prices saw a sharp jump on Monday, with anticipation of the rate cut decision by the US Federal Reserve this week. In Mumbai, the price of 24-carat gold stood at Rs 1,30,420 per 10 grams, while 22k gold was available at Rs 1,19,550 per 10 grams. These rates do not include GST and making charges.

Silver was available at Rs 1,89,900 per kg in the spot market.

On the MCX, gold inched down marginally by 0.03 per cent to trade at Rs 1,30,426 per 10 grams for the February 5 contracts, whereas silver was trading lower by almost 1.00% to trade at Rs 1,81,727 per kg in the futures market in the morning trade.

What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On December 8?

City	22K Gold (per 10gm)	24K Gold (per 10gm)
Delhi	Rs 1,19,700	Rs 1,30,570
Jaipur	Rs 1,19,700	Rs 1,30,570
Ahmedabad	Rs 1,19,600	Rs 1,30,470
Pune	Rs 1,19,600	Rs 1,30,470
Mumbai	Rs 1,19,550	Rs 1,30,420
Hyderabad	Rs 1,19,550	Rs 1,30,420
Chennai	Rs 1,19,550	Rs 1,30,420
Bengaluru	Rs 1,19,550	Rs 1,30,420
Kolkata	Rs 1,19,550	Rs 1,30,420

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.