Gold, Silver Rise in India After Fed Rate Cut

Gold and Silver Price Today, December 11: Gold and silver prices on Thursday morning rose marginally in India following the Federal Reserve’s 0.25 per cent interest rate cut. In Mumbai, the price of 24-carat

gold stood at Rs 1,30,320 per 10 grams, while 22k gold was available at Rs 1,19,460 per 10 grams. These rates do not include GST and making charges.

Silver, on the other hand, was available at Rs 1,99,100 per kg in the spot market.

On MCX, gold futures, whose expiry is on February 05, 2026, was traded at Rs 1,30,381 per 10 gram, with a rise of 0.45 per cent. While silver futures expiring on March 05, 2026, was trading at Rs 1,92,944 per kg, with a jump of 2.23 per cent.

While cutting down interest rate, Fed cited rising downside risks to employment and a moderate pace of economic expansion as a major reason. The new target range now stands between 3.5 per cent and 3.75 per cent, down from 3.75 per cent to 4 per cent.

In the international spot market, silver rallied 2.80 per cent to the record high of $62.04 per ounce. While gold was trading at $4,216.96 per ounce.

What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On December 9?

City	22K Gold (per 10gm)	24K Gold (per 10gm)
Delhi	Rs 1,19,610	Rs 1,30,470
Jaipur	Rs 1,19,610	Rs 1,30,470
Ahmedabad	Rs 1,19,510	Rs 1,30,370
Pune	Rs 1,19,510	Rs 1,30,370
Mumbai	Rs 1,19,460	Rs 1,30,320
Hyderabad	Rs 1,19,460	Rs 1,30,320
Chennai	Rs 1,19,460	Rs 1,30,320
Bengaluru	Rs 1,19,460	Rs 1,30,430
Kolkata	Rs 1,19,460	Rs 1,30,320

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.