Gold prices in India experienced a minor correction on Wednesday, December 10, reflecting a combination of global trends and local demand patterns. The
benchmark rate for 24-karat gold stands at Rs 12,943 per gram, while 22-karat gold is priced at Rs 11,864 per gram, and 18-karat gold trades at Rs 9,707 per gram, according to the data from Goodreturns. The shift is marginal compared to yesterday’s levels. For instance, the 22-karat per-gram rate slipped by Re 1 from Rs 12,944 to Rs 12,943, showing a subtle but notable movement for short-term buyers and traders. Price changes across higher quantities reflect the same small decline, with 10 grams falling from Rs 1,29,440 to Rs 1,29,430, and 100 grams dropping by Rs 100. Gold prices continue to be influenced by international spot rates, fluctuations in the US Dollar, and spikes in domestic jewellery buying, often driven by festivals, weddings, and seasonal peaks. Gold Prices Across Major Cities Across major metros, rates are mostly aligned, though slight variations remain due to local taxes and market conditions. In Chennai, 24-karat gold is priced at Rs 13,090 per 10 grams, while Mumbai, Kolkata, Hyderabad, Bangalore, Kerala, and Pune all list Rs 12,943 for the same purity level. Delhi and Vadodara record marginally higher prices at Rs 12,958 and Rs 12,948, respectively. For generations, gold has held a reputation as a dependable safeguard for investors navigating inflation, currency swings, and unpredictable markets. Its historical role as both a symbol of prosperity and a trusted store of value has kept it firmly positioned as a preferred option when economic conditions turn shaky. Even today, many households and investors look to gold as an anchor during uncertain times, and its daily price movements remain a closely tracked indicator of broader market sentiment. Silver Rates Hold Steady With Minor Variations Alongside gold, silver prices are being watched closely by small investors and ornament buyers. Today, silver is priced at Rs 190.10 per gram and Rs 1,90,100 per kilogram. Industrial usage, particularly in electronics and manufacturing, remains a major driver of silver price fluctuations. City-wise rates mirror gold trends, with minor local differences across Chennai, Mumbai, Delhi, and Hyderabad.
