03 December,2025 10:15 AM IST | Mumbai | mid-day online correspondent
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Gold prices saw a slight dip in India on Wednesday, with the cost of both 24-carat and 22-carat variants edging lower in early trade. The price of 24-carat gold fell by Rs 10, bringing the rate for ten grams to Rs 1,29,860. Silver prices also registered a decline, dropping by Rs 100 to Rs 1,87,900 per kilogram.
Similarly, ten grams of 22-carat gold were priced at Rs 1,19,040, reflecting a Rs 10 decrease from the previous session. The decline in prices was consistent across major metropolitan markets, although regional variations persisted.
In Mumbai and Kolkata, ten grams of 24-carat gold were priced at Rs 1,29,860, while Chennai recorded a slightly higher price of Rs 1,31,340. In the national capital Delhi, the rate for ten grams of 24-carat gold stood at Rs 1,30,010.
Prices for 22-carat gold followed a similar trend. The rate in Mumbai, Kolkata, Bengaluru, and Hyderabad remained steady at Rs 1,19,040, while Chennai reported a higher price of Rs 1,20,390. In Delhi, ten grams of 22-carat gold were priced at Rs 1,19,190.
Silver prices also varied across regions. A kilogram of silver was priced at Rs 1,87,900 in Delhi, Mumbai, and Kolkata, while Chennai continued to trade at a higher rate of Rs 1,95,900 per kilogram.
On the international front, gold prices held steady after a sharp 1 per cent decline in the previous session. Market sentiment remained subdued as firm US Treasury yields and a rebound in equities exerted pressure on the precious metal. Investors are now closely watching key US economic data expected later this week, which may provide insight into potential interest rate cuts.
As of 0028 GMT, spot gold was trading at USD 4,207.43 per ounce, while December gold futures rose 0.5 per cent to USD 4,239.50 per ounce.
Among other precious metals, silver slipped 0.2 per cent to USD 58.32 per ounce, platinum declined 0.4 per cent to USD 1,631.10, and palladium fell 0.6 per cent to USD 1,458.83, reflecting a cautious global commodities market.
The domestic and international movements indicate that investors are maintaining a wait-and-watch approach ahead of significant economic cues that could shape metal prices in the coming days.
