Gold Rates Today: Delhi, Mumbai & Kolkata Prices Drop; Check Latest City-Wise 22K & 24K Rates

Major metropolitan areas saw a significant drop in gold prices on Tuesday - December 9, providing buyers with a bit of relief from recent highs. Both 22K and 24K gold values fell in Delhi, Mumbai, and Kolkata as a result of global trends, including high global Treasury yields and a rise in the US dollar. As geopolitical uncertainty and expectations of a Fed rate cut encouraged the yellow metal to limit its decline, spot gold remained close to $4,200 per ounce.

Gold & Silver Price In Delhi Today

The price of gold in Delhi today dropped to Rs 13,024 per gram for 24 karat gold, Rs 11,940 per gram for 22 karat gold and Rs 9,772 per gram for 18 karat gold. Gold rates in Delhi today for 24k of 10 grams reached Rs 1,30,240 compared to Rs 1,30,570 yesterday, representing a price drop of Rs 330 hence 24k of 100 grams of gold has become cheaper by Rs 3,300 to price at Rs 13,02,400 level.

The price of 22k of 100 gms of gold in Delhi today is Rs 1,19,400, down Rs 300 from yesterday's price of Rs 1,19,700. As a result, the price of 22k of 100 grams of yellow metal in Delhi has dropped by Rs 3,000 to Rs 11,94,000.

The price of 18k of 100 grams of gold in Delhi dropped by Rs 250 to Rs 97,720 today from Rs 97,970 yesterday. As a result, the price of 18k of 100 grams of gold has fallen by Rs 2,500 to Rs 9,77,200.

Silver is currently priced at Rs 190 per gram and Rs 1,90,000 per kilogram in Delhi, up from Rs 189 and Rs 1,89,000 yesterday.

Gold & Silver Rates In Mumbai Today

Today, the price of gold in Mumbai fell to Rs 9,757 per gram for 18 carat gold, Rs 11,925 per gram for 22 carat gold, and Rs 13,009 per gram for 24 carat gold. Gold prices in Mumbai today were Rs 1,30,090 for 24k of 10 grams, down Rs 330 from Rs 1,30,420 on Monday. This indicates that the price of 24k of 100 gms of gold has dropped by Rs 3,300 to Rs 13,00,900.

Gold prices in Mumbai hit Rs 1,19,250 for 22k of 10 grams today, down Rs 300 from Rs 1,19,550 yesterday. Similarly, on Tuesday, 22k of 100 grams of gold in Mumbai touched Rs 11,92,500, down Rs 3,000 from Rs 11,95,500 yesterday.

Gold prices in Mumbai today were Rs 97,570 for 18k of 10 gms, down Rs 250 from yesterday's price of Rs 97,820. As a result, the price of 18k of 100 grams of gold has dropped by Rs 2,500 to Rs 9,75,700.

Silver is currently priced at Rs 190 per gram and Rs 1,90,000 per kilogram in Mumbai, up from Rs 189 and Rs 1,89,000 yesterday.

Gold & Silver Rates In Kolkata Today

Today, the price of gold in Kolkata dropped to Rs 9,757 per gram for 18 carat gold, Rs 11,925 per gram for 22 carat gold, and Rs 13,009 per gram for 24 carat gold. The price of 24k of 100 gms of gold in Kolkata today was Rs 1,30,090, down Rs 330 from yesterday's price of Rs 1,30,420. As a result, the price of 24k of 100 grams of gold in Kolkata on Tuesday was Rs 13,00,900, dropping by Rs 3,300 from Monday.

Gold rates in Kolkata for 22k of 10 grams on Tuesday reached Rs 1,19,250, which was Rs 1,19,550 yesterday, representing a price drop of Rs 300. Hence, 22k of 100 grams of gold in Kolkata today has become cheaper by Rs 3,000 to price at Rs 11,92,500.

Gold prices in Kolkata hit Rs 97,570 for 18k of 10 grams, which was Rs 97,820 yesterday, indicating a drop in the price of Rs 250. On Tuesday, the price of 18k of 100 gms of gold in Kolkata dropped by Rs 2,500 to Rs 9,75,700.

Silver used to cost Rs 189 and Rs 1,89,000 in Kolkata yesterday, but currently it costs Rs 190 per gram and Rs 1,90,000 per kilogram.

MCX Gold Outlook Today

"On the technical front, MCX Gold continues to face resistance near its all-time high levels. Over the last four sessions, it has been trading in a very narrow range; however, the overall trend remains positive. Immediate support is placed at 129,800-128,500, while resistance is seen at 131,500- 132,300. Since the broader trend is bullish, traders may consider buying MCX Gold for a target of 131,500-132,300, while any sustained weakness below 128,500 will warrant a reassessment of the current view," commented Abhishek M Pelu - Research Analyst at Way2Wealth Brokers.

"MCX Gold Feb is expected to rise towards ₹131,000 level as long as it stays above ₹129,000 level," commented the research analysts of ICICI Direct.

Gold & Silver Price Fundamental Outlook Today

"Gold and silver prices are trading flat today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly higher for the day; as gold prices are steady, as traders looked beyond this week's near-certain reduction in US interest rates for guidance on monetary policy next year," commented the research analysts of Nirmal Bang Securities.

Spot Gold Prediction Today

"Spot Gold is likely to consolidate in the range of $4170 and $4250 ahead of this week's key Fed policy. We believe gold prices will hold support near $4170 and trade higher on safe haven buying due to tariff uncertainty and geopolitical concerns. Further, prices may rally amid growing probability of December rate cut," commented the research analysts of ICICI Direct.

"As per CME Fed-Watch tool traders are now pricing almost 87% chance of a rate cut in December. Additionally, concern over Fed independence resurfaced after White House National Economic Council Director Kevin Hassett emerged as the front-runner to serve as the next Fed chair," they further added.

MCX Silver Prediction Today

"MCX Silver March is expected to rise towards ₹185,000 level as long as it stays above ₹179,000 level. A move above ₹185,000, would open the doors towards ₹186,800," commented the research analysts of ICICI Direct.

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