08 December,2025 09:53 AM IST | Mumbai | mid-day online correspondent
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Gold prices registered a slight decline in early trade on Monday, reflecting global market cues and rising expectations of a US Federal Reserve interest rate cut. The price of 24-carat gold fell by Rs 10, with ten grams trading at Rs 1,30,140. Silver also slipped by Rs 100 per kilogram, bringing its price to Rs 1,89,900.
The rate of 22-carat gold also dropped by Rs 10, with ten grams now selling at Rs 1,19,290 in most major cities. In Mumbai and Kolkata, the price of ten grams of 24-carat gold stood at Rs 1,30,140, while the 22-carat variant was priced at Rs 1,19,290. Delhi recorded a marginally higher price for 24-carat gold at Rs 1,30,290 per 10 grams, and the 22-carat variety was available at Rs 1,19,440. In Chennai, the price of 24-carat gold reached Rs 1,31,340 per 10 grams, and 22-carat gold was priced at Rs 1,20,390. Bengaluru and Hyderabad continued to match Mumbai's rates for 22-carat gold at Rs 1,19,290 per 10 grams.
Silver prices followed the downward movement, with the metal trading at Rs 1,89,900 per kilogram in Delhi, Mumbai, and Kolkata. Chennai, however, recorded a higher rate at Rs 1,98,900 per kilogram.
On the global front, gold inched higher as traders anticipated a Federal Reserve rate cut, putting pressure on the dollar and boosting bullion demand. Spot gold rose 0.3 per cent to USD 4,206.99 per ounce as of 0118 GMT, while US gold futures for December delivery slipped 0.2 per cent to USD 4,236.30 per ounce. Other precious metals showed a mixed trend, with silver steady at USD 58.25 per ounce, platinum rising 0.3 per cent to USD 1,646.56, and palladium falling 0.5 per cent to USD 1,455.55.
Market analysts note that the softening dollar and expectations of Fed policy easing continue to influence global gold sentiment. Domestic prices are closely tracking these international trends, with slight fluctuations expected through the week. The updated gold and silver rates provide valuable insight for consumers and investors navigating a period of heightened economic uncertainty.
Meanwhile, gold prices jumped by Rs 1,300 to Rs 1,32,900 per 10 grams in the national capital on Friday amid firm global trends, according to the All India Sarafa Association.
The precious metal of 99.9 per cent purity had closed at Rs 1,31,600 per 10 grams on Thursday. In the local bullion market, silver surged by Rs 3,500 to Rs 1,83,500 per kilogram (inclusive of all taxes) from previous close of Rs 1,80,000 per kg.
In the international market, spot gold increased by USD 15.10, or 0.36 per cent, to USD 4,223.76 per ounce, while silver was trading 1.82 per cent higher at USD 58.17 per ounce.
