Gold prices slipped on Monday as the US dollar continued to hover near a six-month high.
This stronger dollar is putting pressure on global gold rates while investors wait to understand the future path of US interest rates.
In Mumbai, 24-carat gold was priced at Rs 1,25,130 per 10 grams, while 22-carat gold stood at Rs 1,14,700 per 10 grams.
These prices exclude GST and making charges. Silver in the spot market was available at Rs 1,63,000 per kg.
On MCX, gold futures for December 5 fell by 1.09% to Rs 1,22,834 per 10 grams.
Silver futures also declined by 0.66% to Rs 1,53,138 per kg.
Gold Rates Across Major Indian Cities
Here are the latest 22K and 24K gold prices in key cities:
| City | 22K (per 10g) | 24K (per 10g) |
|---|---|---|
| Delhi | Rs 1,14,850 | Rs 1,25,280 |
| Jaipur | Rs 1,14,850 | Rs 1,25,280 |
| Ahmedabad | Rs 1,14,750 | Rs 1,25,180 |
| Pune | Rs 1,14,700 | Rs 1,25,130 |
| Mumbai | Rs 1,14,700 | Rs 1,25,130 |
| Hyderabad | Rs 1,14,700 | Rs 1,25,130 |
| Chennai | Rs 1,14,700 | Rs 1,25,130 |
| Bengaluru | Rs 1,14,700 | Rs 1,25,130 |
| Kolkata | Rs 1,14,700 | Rs 1,25,130 |
Market experts say gold is currently consolidating after a strong rally.
According to Ponmudi R, CEO of Enrich Money, international gold prices remain supported above key levels of $4,000–$4,050.
In India, MCX Gold is also stable above Rs 1,20,000–Rs 1,20,800, indicating room for an upward move toward Rs 1,23,500–Rs 1,26,000.
Silver continues to show stronger momentum than gold. On COMEX, it is holding above $48.50–$49.50, with potential to rise toward $50.60–$52.00.
On MCX, silver is bouncing from Rs 1,49,000–Rs 1,50,000 and may head toward Rs 1,53,700–Rs 1,56,500.
What Drives Gold Prices in India?
Gold prices in India depend on several major factors, including:
International market trends
Import duties and government taxes
Currency exchange rate fluctuations
Because gold plays a major role in Indian culture, especially during festivals and weddings, any price movement is closely watched by buyers and investors.
With the market staying volatile, staying updated on daily price changes helps both investors and households make better decisions.
