In Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala, Pune, Nagpur and Bhubaneswar, 24-carat gold was trading at Rs 13,451 per gram, 22-carat at Rs 12,330 per gram and 18-carat at Rs 10,088 per gram
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Gold prices in India climbed to a fresh record high on Wednesday, December 17, rising across all purity levels—24-carat, 22-carat and 18-carat—after witnessing a brief decline a day earlier. The renewed upward trend in the yellow metal reflects firm demand and supportive market cues.
Gold Prices Today in Major Indian Cities (per gram)
In Chennai, 24-carat gold was priced at Rs 13,528 per gram, while 22-carat gold stood at Rs 12,400 per gram and 18-carat gold at Rs 10,350 per gram. In Mumbai, Kolkata, Bengaluru, Hyderabad, Kerala, Pune, Nagpur and Bhubaneswar, 24-carat gold was trading at Rs 13,451 per gram, 22-carat at Rs 12,330 per gram and 18-carat at Rs 10,088 per gram.
In the national capital Delhi, as well as Jaipur, Lucknow and Chandigarh, gold prices were slightly higher, with 24-carat gold at Rs 13,466 per gram, 22-carat gold at Rs 12,345 per gram and 18-carat gold at Rs 10,103 per gram. Meanwhile, in Ahmedabad, Vadodara, Surat and Patna, 24-carat gold was priced at Rs 13,456 per gram, 22-carat at Rs 12,335 per gram and 18-carat at Rs 10,093 per gram.
Analysts said domestic gold prices continue to track global trends, currency movements and expectations around interest rates, all of which remain key factors influencing the precious metal’s trajectory in the near term.
Silver hits record high on MCX, jumps over 4 pc as rate-cut hopes fuel rally
Meanwhile, silver prices hit fresh all-time highs on Wednesday, as strong global cues and rising expectations of interest rate cuts pushed the precious metal sharply higher.
On the Multi Commodity Exchange (MCX), silver prices surged more than 4 per cent in early trade, extending their recent breakout rally.
During early trade, MCX silver was trading 3.38 per cent higher at Rs 2,04,445 per kg after touching a lifetime high level.
In contrast, gold prices showed some weakness. MCX gold for February delivery slipped 0.21 per cent to Rs 1,34,129 per 10 grams.
“A sustained breakout above Rs 1,35,500, supported by renewed USD/INR strength, would strengthen bullish momentum and open the next expansion zone at Rs 1,36,000–Rs 1,38,000,” experts said.
“The broader bullish structure remains intact as long as prices hold above the Rs 1,33,000–Rs 1,32,600 support zone,” experts stated.
In the international market, silver also witnessed a strong rally. Spot silver jumped 2.8 per cent to a record high of USD 65.63 per ounce, crossing the USD 65 mark for the first time ever.
Spot gold was trading slightly higher at USD 4,321.56 per ounce by 0230 GMT, supported mainly by a weaker US dollar.
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