Gold and silver rates across India have been recorded as steady growth on December 06 as both global and domestic factors across the globe have pushed precious metal prices upward.
Demand for gold jewellery, festive purchases and also the aspect of rising investment interest have contributed to the daily price rise.
On this date, 24k, 22k and 18k gold rates in major Indian cities remained higher compared to the previous week, while silver also traded strong across markets.
In many cities, 24k gold is also seen as the purest form and is widely preferred for investment through coins and bars. On December 06, 24k gold price per gram in big cities like Delhi, Mumbai, Chennai, Bengaluru and Kolkata stayed on the higher side due to global market fluctuations.
Similarly, 22k gold, which is commonly used for making of jewellery and ornaments, also saw an upward curve. Buyers who are actively planning for weddings or long term investment noticed a clear rise in the per gram price.
For those who are looking for affordable options, 18k gold offered a lower price range compared to 22k and 24k but still reflected a strong market position.
Silver prices followed the same upward direction. Industrial demand, global economic uncertainty and investor confidence pushed silver rates further.
In many cities, silver price per kilogram continued to rise as markets responded to international aspects. Indians often purchase silver during special occasions and festivals which adds to the seasonal demand.
The December month usually brings wedding purchases which strengthen both gold and silver markets in India.
The rise in the price of precious metal prices is also influenced by international market movements. Global economic concerns, the sudden currency fluctuations and even the changing interest rates often play an important role in daily price changes.
When the global economy faces uncertainty, investors also tend to prefer market safe assets like gold and silver, which increases their demand and pushes their rates higher.
Domestic factors like the ones which are the import duty, GST and local demand also impact daily prices in Indian markets.
City wise gold and silver prices have also differed slightly but the overall trend remained similar. Metro cities like Delhi and Mumbai reported higher 24k and 22k rates compared to smaller cities.
Southern cities such as Chennai and Bengaluru also displayed strong rates due to higher jewellery demand in the region. Kolkata, Ahmedabad and Hyderabad too showed increased prices for all gold purities and silver.
For buyers who are planning to purchase jewellery, 22k gold remains the most popular choice because it provides durability and also because its purity suitable for ornaments.
| City / India | 24K Gold (per gram) | 22K Gold (per gram) | 18K Gold (per gram) | Silver (per kg) |
|---|---|---|---|---|
| India Average | ₹12,993 – ₹13,022 | ₹11,912 – ₹11,939 | — | ₹1,90,000 |
| Mumbai | ₹13,015 | ₹11,930 | ₹9,761 | ₹1,90,000 |
| Delhi | ₹13,009 | ₹11,926 | ₹9,761 | ₹1,90,000 |
| Chennai | ₹13,150 | ₹12,055 | ₹9,850 | ₹1,90,000 |
| Kolkata | ₹13,000 | ₹11,915 | ₹9,750 | ₹1,90,000 |
| Bengaluru | ₹13,020 | ₹11,935 | ₹9,766 | ₹1,90,000 |
| Hyderabad | ₹13,025 | ₹11,940 | ₹9,770 | ₹1,90,000 |
| Ahmedabad | ₹13,010 | ₹11,925 | ₹9,755 | ₹1,90,000 |
Investors usually prefer 24k gold since it offers maximum value. Silver is also preferred both for investment and gifting. It is also recommended that buyers should always check daily updated rates before making any purchase as prices change frequently.
Image Credit: Pxhere
