Gold Rates Before Fed Rates Decision: What Is Impacting 24K, 22K, 18K Gold Prices On 09-12-2025?

Gold rates in India started this week with a positive sentiment as expectations of a 25 basis point rate cut from the US Federal Reserve heightened. The US Fed meeting will commence on December 9th and the policy decisions will be declared on December 10th. At present, 24 carat, 22 carat and 18 carat gold prices are near their record highs, while silver rates in India have outperformed bullion.

Gold Rates In India:

Currently, 10 grams gold price stood at Rs 1,30,420 in 24 carat, at Rs 1,19,550 in 22 carat and at Rs 97,820 in 18 carat.

Further, 100 grams gold is priced at Rs 13,04,300 in 24 carat, at Rs 1,19,560 in 22 carat and at Rs 97,840 in 18 carat.

The price of gold in India is currently at Rs 13,043 per gram for 24 karat gold, Rs 11,956 per gram for 22 karat gold and Rs 9,783 per gram for 18 karat gold (also called 999 gold).

Silver Rates In India:

Silver rates is hovering around Rs 1,90,000 per 1Kg. At present, the price stood at Rs 1,89,000 per 1kg, while 100 grams and 10 grams silver is at Rs 18,900 and Rs 1,890 respectively.

What Is Impacting Gold & Silver Prices On December 9?

As per Rahul Kalantri, VP Commodities, Mehta Equities, gold and silver witnessed mild profit-taking as traders awaited the FOMC meeting and a rebound in U.S. 10-year yields. Sentiment turned cautious after reports that U.S. PPI data for October and November-earlier expected this week-will now be released in January, raising uncertainty over inflation and the Fed's stance.

Furthermore, Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities added that the key driver for the week remains the Federal Reserve's policy statement and interest rate decision, which will set the next trend. On the domestic front, continued weakness in the rupee due to the lack of clarity on the India-U.S. trade deal is providing support to MCX gold.

MCX Gold Price + MCX Silver Price

In the opening bell of Tuesday, MCX gold price with February 2025 expiry, traded at Rs 1,29,998 per 10 grams, up mildly by Rs 36 or 0.03%. The bullion is near its intraday high of Rs 1,30,158 per 10 grams.

Further, MCX silver price with February expiry, is at Rs 1,83,290 per 1Kg, rising by Rs 910 or 0.50%. The silver is also near its day's high of Rs 1,83,560 per 1Kg.

Gold & Silver Prices Outlook

Explaining in detail, Aksha Kamboj, Vice President, India Bullion & Jewellers Association (IBJA) said, gold is still supported by steady buying interest that has been built over the past week. Intraday movement may remain measured, with traders focusing more on global risk cues and upcoming US data than sharp directional shifts.

On silver, Kamboj said, in recent sessions, the silver price has seen a new high, with industrial utilization of silver, global supply constraints, and investment demand representing the driving force behind this rally. Silver has outperformed gold, with increasing numbers of investors opting for silver. Silver prices are anticipated to continue rising, and overall sentiment remains positive. If supply constraints continue and global industrial and green energy demand for silver remains strong, then silver prices may continue to rise even further.

In Trivedi's view, the positive range for gold is seen between Rs 1,28,500 and Rs 1,32,000."

However, Kalantri added, continued gold buying by China for the 13th straight month and tightness in physical silver supply may offer downside support. Gold has support at $4165-4135 while resistance at $4230-4265. Silver has support at $57.60-56.95 while resistance is at $58.75-59.15. In INR gold has support at Rs1,29,250-1,28,450 while resistance at Rs1,30,750-1,31,100. Silver has support at Rs1,80,250-1,70,200 while resistance at Rs1,82,710, 1,83,850.

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