Gold prices in India continue to be influenced by a combination of global and domestic factors, including international bullion movements, fluctuations
in the US Dollar, import duties, and seasonal jewellery demand. On Wednesday, gold rates have edged slightly lower than yesterday, indicating mild market softness. The price of 24-carat gold currently stands at Rs 13,385 per gram on December 17, while 22-carat gold is priced at Rs 12,269 per gram, and 18-carat gold is available at Rs 10,038 per gram. This shows a marginal decline of Re 1 per gram from the previous day, according to the data from Goodreturns, highlighting short-term price volatility rather than any significant shift in the overall market trend. Gold Prices Across Major Cities Gold prices across major Indian cities show minor variations today. Chennai records the highest rates, with 24K gold priced at Rs 13,472 per gram, 22K at Rs 12,349, and 18K at Rs 10,299. In Mumbai, Kolkata, Bangalore, Hyderabad, Kerala, and Pune, gold prices remain uniform at Rs 13,385 per gram for 24K, Rs 12,269 for 22K, and Rs 10,038 for 18K gold. Delhi is slightly higher, with 24K gold at Rs 13,400 per gram, 22K at Rs 12,284, and 18K at Rs 10,053. Meanwhile, Vadodara and Ahmedabad report similar rates, where 24K gold stands at Rs 13,390 per gram, 22K at Rs 12,274, and 18K at Rs 10,043, reflecting marginal city-wise differences driven by local market factors. Gold continues to hold its ground as a preferred investment choice, especially during times of economic uncertainty. Known for its long-standing ability to protect wealth, the yellow metal has historically offered stability when inflation rises or markets turn volatile. Alongside its cultural and ornamental importance, gold’s role as a dependable store of value keeps it firmly in focus for Indian buyers and investors alike. Below is a refreshed look at today’s gold and silver prices in India, along with the key factors influencing these rates. Why Gold Remains A Trusted Asset For generations, gold has been associated with financial security. Unlike many paper assets, it tends to retain value over long periods, making it attractive during unpredictable economic cycles. Investors often turn to gold when currency fluctuations, geopolitical tensions, or inflationary pressures threaten traditional investments. In India, demand is further supported by its use in jewellery, festivals, and weddings, which keeps interest steady throughout the year.
