Gold Price In India Today, 31st Dec: 24K/100 Grams Of Gold Rate Falls Rs 4,400; 1 Kg Silver Dips Rs 2,000

Due to the demand for jewellery and the approaching unfavourable time for gold purchases, gold prices fell precipitously on the domestic market on Tuesday, December 31. This followed the release of U.S. economic statistics the following week, which may have an impact on the Federal Reserve's 2025 interest rate projection. As investors await the Fed's December FOMC minutes and the U.S. jobs report, gold prices are predicted to be erratic.

Gold Rates In India Today

Today, 22 carat gold costs Rs 7,110 per gramme in India, whereas 24 carat gold costs Rs 7,756 per gramme. While 22k of 100 grammes of gold prices in India today reached Rs 7,11,000 compared to Rs 7,15,000 yesterday, reflecting a price decline of Rs 4,000, 22k of 10 grammes of gold will cost Rs 71,100 on Tuesday compared to Rs 71,500 on Monday, marking a price drop of Rs 400. In India, 24k of 10 grams of gold will cost Rs 77,560 today, down Rs 440 from yesterday's price of Rs 78,000. Meanwhile, 24k of 100 grams of gold will cost Rs 7,75,600, down Rs 4,400 from yesterday's price of Rs 7,80,000.

While the price of 18k of 100 grammes of gold dropped by Rs 3,200 to Rs 5,81,800 on Tuesday from Rs 5,85,000 on Monday, 18k of 10 grammes of gold would cost Rs 58,180 in India today compared to Rs 58,500 yesterday, signifying a price decline of Rs 320.

Spot Gold Today

According to Reuters, U.S. gold futures rose 0.1% to $2,620.60 on Tuesday, while spot gold increased 0.1% to $2,608.09 per ounce as of 02:17 GMT. Palladium increased by 0.5% to $908.25, spot silver remained steady at $28.98 per ounce, while platinum remained unchanged at $900.71.

Silver Rates In India Today

Today, silver costs Rs 90.50 per gramme and Rs 90,500 per kilogramme in India. One kilogramme of silver will cost Rs 90,500 in India today compared to Rs 92,500 yesterday, representing a price drop of Rs 2,000. Ten grams of silver will cost Rs 905, down from Rs 925 yesterday. The price of 100 grams of silver reached Rs 9,050 on Tuesday compared to Rs 9,250 on Monday, representing a 200 rupee price drop.

MCX Gold Outlook Today

"On the domestic front, MCX Gold extended its sell-off for the second consecutive session and formed a bearish candle on the daily chart. The commodity is currently trading near an upward-sloping trendline support, with a potential breakdown below the 76000-level likely to drag prices toward 75650/75300 levels. On the upside, resistance is positioned at 76480/76950 levels, with a breakout above 76950 potentially driving prices higher toward 77200/77700 levels. Traders are advised to maintain strict stop-losses, as volatility may remain high due to ongoing geopolitical tensions," said the research analysts of Way2Wealth Brokers Pvt. Ltd.