02 December,2025 10:56 AM IST | Mumbai | mid-day online correspondent
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Gold prices recorded a modest rise in early trade on Tuesday, continuing the steady upward trend seen over the past week. According to market data, the price of 24-carat gold increased by Rs 10, with ten grams of the pure gold variety trading at Rs 1,30,490. Silver prices also saw an uptick, rising by Rs 100 to reach Rs 1,88,100 per kilogram.
Similarly, the price of 22-carat gold - the preferred choice for jewellery buyers - also climbed by Rs 10. Ten grams of 22-carat gold were retailing at Rs 1,19,610, reflecting the marginal but consistent movement in domestic bullion prices.
City-wise gold rates
In Mumbai and Kolkata, key hubs for gold trade, the price of ten grams of 24-carat gold stood at Rs 1,30,490, mirroring the national trend. Bengaluru and Hyderabad also recorded similar pricing levels for 24-carat and 22-carat gold. In Chennai, however, the price was marginally higher, with ten grams of 24-carat gold selling at Rs 1,31,680.
In the national capital, Delhi, the price of 24-carat gold reached Rs 1,30,640 for ten grams, showing a slight increase compared to the previous session.
For 22-carat gold, the price in Mumbai, Kolkata, Bengaluru, and Hyderabad remained stable at Rs 1,19,610 for ten grams. Chennai once again saw higher prices, with the same quantity costing Rs 1,20,710. In Delhi, the 22-carat gold rate stood at Rs 1,19,760.
Silver prices across major cities
Silver prices also moved upward, in line with global market sentiment. In Mumbai, Delhi, and Kolkata, one kilogram of silver was priced at Rs 1,88,100. Chennai recorded a noticeable premium, with silver trading at Rs 1,96,100 per kilogram, likely due to local demand and supply factors.
Global market trends
In international markets, gold prices edged slightly lower during early Asian trading on Tuesday. This pullback came after the metal touched a six-week high in the previous session, prompting investors to book profits ahead of key economic cues. Market participants are closely watching upcoming comments from the US Federal Reserve Chair and crucial economic data that could offer insights into potential interest rate cuts.
Spot gold slipped 0.2 per cent to USD 4,222.93 per ounce as of 0024 GMT, after briefly reaching its strongest level since October 21. US gold futures for December delivery were down 0.4 per cent at USD 4,256.30 per ounce.
Among other precious metals, silver fell 1 per cent to USD 57.40 per ounce, platinum declined 0.3 per cent to USD 1,652.05, while palladium rose 0.22 per cent to USD 1,427.22, reflecting mixed sentiment across the global metals market.
