Gold prices edged higher on December 23, reinforcing the yellow metal’s appeal as a safe-haven asset amid global uncertainty and easing interest rate expectations.
On the MCX, gold futures climbed 1.12% to trade at Rs 1,38,280 per 10 grams in morning trade, while silver futures jumped 1.44% to Rs 2,15,934 per kg. Gold And Silver Rates In Mumbai In the spot market, 24-carat gold in Mumbai was priced at Rs 1,36,310 per 10 grams, while 22-carat gold stood at Rs 1,24,960 per 10 grams. Silver was available at Rs 2,13,900 per kg. (Prices exclude GST and making charges.) Why Gold Prices Are Staying Elevated Gold has remained near record levels over the past week, supported by persistent demand for safe assets. According to Aksha Kamboj, Vice President of the India Bullion & Jewellers Association (IBJA), concerns around inflation, geopolitical tensions, and expectations of softer interest rates are continuing to underpin bullion prices. Gold Rates Across Major Indian Cities (Per 10 Grams)
- Delhi:
- 22K: Rs 1,25,110
- 24K: Rs 1,36,460
- Jaipur:
- 22K: Rs 1,25,110
- 24K: Rs 1,36,460
- Ahmedabad:
- 22K: Rs 1,25,010
- 24K: Rs 1,36,360
- Pune:
- 22K: Rs 1,25,010
- 24K: Rs 1,36,360
- Mumbai:
- 22K: Rs 1,24,960
- 24K: Rs 1,36,310
- Hyderabad:
- 22K: Rs 1,24,960
- 24K: Rs 1,36,310
- Chennai:
- 22K: Rs 1,24,960
- 24K: Rs 1,36,310
- Bengaluru:
- 22K: Rs 1,24,960
- 24K: Rs 1,36,310
- Kolkata:
- 22K: Rs 1,24,960
- 24K: Rs 1,36,310
Swiss Gold Exports To India Drop Sharply
Gold shipments from Switzerland to India declined sharply in November, falling 15% month-on-month, according to Swiss customs data. Exports to India dropped to 2 metric tonnes, the lowest level since February, from 26 tonnes in October.
The fall comes as domestic demand softened due to elevated prices. Gold hit a record high of $4,381 per troy ounce in October, and spot prices are up 65% so far this year, marking the strongest annual gain in over four decades.
In contrast, Swiss gold exports to China increased to 12 tonnes in November, up from 2 tonnes in October, highlighting divergent demand trends across major consuming markets.]
