Today’s Gold & Silver Rates in India: City-Wise Prices and Trends Dec 15

Among all the investment options, precious metals are still the hottest topic of discussion and the most sought-after products in the Indian market. Starting from the very first day of the week, i.e., December 15, the rates of gold and silver mirrored a blend of global trends, alterations in currency, and strong domestic demand that was further escalated by the festive season and weddings that are going on.

Gold in India today gained a few points due to the unbroken worldwide demand and the worries about inflation which are still present. Economic uncertainties have a tendency to push investors towards gold thus increasing its market value. Apart from much sought after investment, the people in India have a strong affinity towards gold during festivals and important personal occasions which keeps the demand constant.

The all-India rate for 24-carat gold, which is also referred to as 999 purity, is set at Rs 13,390 per gram. On the other hand, 22-carat gold, which is the most preferred due to its toughness, is priced at Rs 12,274 per gram as per the report by Goodreturns. The rates may slightly differ in the metropolitan cities depending on the local taxes, import prices, and the patterns of demand.

There are noticeable regional differences when it comes to gold prices. In Delhi, the price for 24K gold is Rs 13,406 per gram, and for 22K gold, it is Rs 12,289 per gram. The prices in Mumbai and Kolkata are mostly the same as the national averages, with 24K at Rs 13,390 and 22K at Rs 12,274 per gram.

Chennai is setting a higher price level which is in line with its strong gold-buying culture throughout history. The rate of 24K gold here is Rs 13,494 per gram while 22K gold is Rs 12,369 per gram. These differences are a result of local factors, such as import costs, transportation charges, and demand in the city.

In India, silver prices experienced no change on December 15. This was both due to the interest of investors and the need of the industry. One of the ways how silver is used in the electronics, solar energy, and manufacturing sectors, and so this has a very strong influence on the price trends that are seen in the global market.

At present the price of silver is around Rs 1,97,100 per kilogram, while the price of Sterling Silver (Silver 925) is about Rs 1,97,000 per kilogram. In the major cities of India, the price of Silver 999 is Rs 1,979 per 10 grams in Delhi, Mumbai, and Kolkata. Chennai still has a premium, with Silver 999 at Rs 2,099 per 10 grams.

Analysts are of the opinion that gold and silver will continue to attract the attention of the people during the festive season, as to be able to buy traditional jewellery and also for the case of investors who are hedging their money against inflation. The price fluctuations will also be very much affected by the global economic conditions, the changing money values and the movements in the domestic demand.