Gold and silver prices in India on December 14 show muted movement in the bullion market amid mixed global cues. Conventionally perceived as safe-haven assets, these precious metals continue to attract investors and jewellery buyers. They are becoming more appealing amid rising inflation and economic volatility, largely due to Trump tariffs.
The gold rates for 24-carat gold are valued at Rs. 13,391 per gm, while 22-carat gold is pegged at Rs. 12,275 per gm at press time. The 18-carat variety costs Rs. 10,043 per gram. Gold prices remain the same from the previous trading session, and just a week ago, these yellow metal values had not changed much after their volatility.
At the city-wise rates for 1 gram of gold:
Chennai: Rs. 13,495-24K, Rs. 12,370-22K, Rs. 10,330-18K
Mumbai: Rs. 13,391-24K, Rs. 12,275-22K, Rs. 10,043-18K
Delhi: Rs. 13,407 [24K], Rs. 12,290 [22K], Rs. 10,058 [18K]
Kolkata: Rs. 13,391 [24K], Rs. 12,275 [22K], Rs. 10,043 [18K]
However, prices in cities like Bengaluru, Hyderabad, Kerala, and Pune are aligned with Mumbai rates. There may be minor variations in Ahmedabad and Vadodara due to local taxes and jeweller margins.
The reasons for the change in gold price in India depend on many factors, like the domestic demand, especially around wedding seasons and festivals. The international bullion rates, the weakening Indian rupee, and import duties have also affected the prices today.
Silver, on the other hand, did not see any price fluctuation on December 14. It is retailing at Rs. 198 per gram, or Rs. 1,98,000 per kg at the national level. Here are the silver rates in different cities across the country, which reveal minor regional variation:
Chennai, Hyderabad, Kerala: Rs. 2,100 per 10 grams, Rs. 2,10,000 per kg
Mumbai, Delhi, Kolkata, Bengaluru, Pune: Rs. 1,980 per 10 grams, Rs. 1,98,000 per kg
Strong jewelry consumption is complemented by growing use in industrial applications, electronics, and renewable energy technologies that support silver demand.
Also Read: Gold Price Today: MCX Gold Inches Up 0.10% to Rs. 1,32,599; Silver Slips 0.50% to Rs. 1,97,951
Gold and silver are expected to remain in focus for investors with global economic uncertainty and fluctuating currency movements. While prices are stable today, market participants are closely watching international trends, central bank signals, and geopolitical developments that could influence precious metal prices in the upcoming days. Remember, prices are indicative and may vary based on local taxes, making charges, and jeweller margins.