On Wednesday, December 24, gold prices show a modest upward move compared with the previous session in India. One gram of 24 karat gold is priced at Rs
13,856, while 22 karat gold stands at Rs 12,701 per gram. For those opting for 18 karat gold, the rate is Rs 10,392 per gram, as per the data from Goodreturns. The increase is marginal but notable, reflecting short-term market volatility rather than a sharp trend shift. Gold has long held a unique position in the world of investing, valued not just for its beauty but for its ability to safeguard wealth during uncertain economic cycles. Over generations, the metal has demonstrated resilience in the face of inflation, currency fluctuations, and market turbulence. This enduring reputation continues to make gold a preferred asset for Indian households and investors alike, particularly when volatility rises across global financial markets. Gold Prices Across Major Indian Cities Gold prices across major Indian cities remain largely consistent today, with only minor regional variations. Chennai, Coimbatore, and Madurai are quoting the highest rates, where 24K gold stands at Rs 13,932 per gram, 22K at Rs 12,771, and 18K at Rs 10,651. Metro cities such as Mumbai, Bangalore, Hyderabad, Kolkata, Pune, Vijayawada, and Nagpur are seeing similar prices, with 24K gold at Rs 13,856 per gram, 22K at Rs 12,701, and 18K at Rs 10,392. In Delhi, Jaipur, Lucknow, and Chandigarh, rates are slightly higher, with 24K gold priced at Rs 13,871 per gram, 22K at Rs 12,716, and 18K at Rs 10,407. Meanwhile, Vadodara, Ahmedabad, Surat, and Patna are quoting marginally different figures, where 24K gold is available at Rs 13,861 per gram, 22K at Rs 12,706, and 18K at Rs 10,397, reflecting small local cost differences rather than major market shifts. Why Gold Prices Matter To Indian Buyers Gold pricing in India is influenced by a mix of international and domestic variables. Global spot prices, movements in the US dollar, and monetary policy decisions all shape the base value of the metal. Locally, demand for jewellery, especially during festivals, weddings, and other cultural occasions, plays a significant role in price variation. As a result, gold buyers often see slight differences in rates depending on timing and location. Silver Prices Hold Firm Alongside Gold Silver continues to attract interest as a more affordable alternative to gold, particularly for jewellery and industrial use. In India today, silver is priced at Rs 223.10 per gram, translating to Rs 2,23,100 per kilogram. Demand from manufacturing sectors, combined with global supply dynamics, plays a key role in silver’s price behaviour.
