Once again the reflection of the dynamic nature of the very valuable metal market has been experienced by the Indians today as the rate of gold is unpredictable. According to the latest information, at present the rate of 22-karat and 24- karat gold in India is 7,035.4 and 7,675 rupees respectively.
Article :- The Donald Trump hike warning is followed by a decline in gold price by 650 rupees per 10 grams and Silver reduced by 500 rupees per kg in all the metro cities.
In Asian trade the market price was a bit down to $2,637 an ounce at the early stage of trading. The range of the metal kept ranging between $2,634 to $2,645 per ounce in extended hours trade. Furthermore, the yellow metal became less attractive due to strong US production numbers which raised the dollar. The US Federal Reserve updates of next interest rates is a much awaited news for the investors right now.
Gold Price on December 3, 2024 in Major Cities:
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
| Delhi | ₹71,040 | ₹77,490 |
| Mumbai | ₹70,890 | ₹77,340 |
| Chennai | ₹70,890 | ₹77,340 |
| Kolkata | ₹70,890 | ₹77,340 |
Silver Price on December 3, 2024 in Major Cities:
| City | Silver Price (per kg) |
| Delhi | ₹90,900 |
| Mumbai | ₹90,900 |
| Chennai | ₹99,400 |
| Kolkata | ₹90,900 |
Comparison of gold and silver prices since the beginning of this week:
| Date | 22K Gold (per 10g) | 24K Gold (per 10g) | Silver Price (per kg) | |
| Dec 3 | ₹70,890 | ₹77,340 | ₹90,900 | |
| Dec 2 | ₹71,490 | ₹77,990 | ₹91,400 | |
| Nov 30 | ₹71,500 | ₹78,000 | ₹91,500 | |
| Nov 29 | ₹70,890 | ₹77,340 | ₹89,400 | |
| Nov 28 | ₹71,060 | ₹77,520 | ₹89,400 | |
| Nov 27 | ₹70,790 | ₹77,230 | ₹89,400 | |
| Nov 26 | ₹71,990 | ₹78,540 | ₹91,400 | |
All Mumbai rates
Since ages gold has been having its safe-haven appeal globally, especially in India. This fluctuation of the rate has grabbed many Indian gold lovers into this throbbing season of wedding when the demand and love for this yellow metal is at its peak. For Indian consumers, gold is not just a prized possession but a tradition which is very much rooted in weddings, major and important festivals as well as a defence mechanism against financial instability.
MD and CEO, Senco Gold and Diamonds, proudly announced that enquiries at their stores have skyrocketed since the fall of the gold rate. They are also expecting higher falls for the upcoming festive seasons. It is definitely happy times for those who have weddings lined up in close knit families or friends.
On the other hand, jewelers and Indian consumers are avoiding restocking or buying as they are still hoping for a further dropdown in the price for December weddings.
