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Gold Rate Today, December 3: In Mumbai, the price of 24-carat gold stands at Rs 1,30,580 per 10 grams, while 22k gold is available at Rs 1,19,700 per 10 grams.
Gold Rate Today, December 3.
Gold Rate Today, December 3: Gold prices on Tuesday, amid hopes of a rate cut by the US Federal Reserve next week. In Mumbai, the price of 24-carat gold stood at Rs 1,30,580 per 10 grams, while 22k gold was available at Rs 1,19,700 per 10 grams. These rates do not include GST and making charges. Silver was available at Rs 1,91,000 per kg in the spot market.
On the MCX, gold rose by 0.65% to trade at Rs 1,30,601 per 10 grams for the February 5 contracts, whereas silver was trading higher by 1.42% to trade at Rs 1,84,177 per kg in the futures market in the morning trade.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On December 3?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,19,850 | Rs 1,30,730 |
| Jaipur | Rs 1,19,850 | Rs 1,30,730 |
| Ahmedabad | Rs 1,19,750 | Rs 1,30,630 |
| Pune | Rs 1,19,700 | Rs 1,30,580 |
| Mumbai | Rs 1,19,700 | Rs 1,30,580 |
| Hyderabad | Rs 1,19,700 | Rs 1,30,580 |
| Chennai | Rs 1,19,700 | Rs 1,30,580 |
| Bengaluru | Rs 1,19,700 | Rs 1,30,580 |
| Kolkata | Rs 1,19,700 | Rs 1,30,580 |
Rahul Kalantri, vice-president (commodities) at Mehta Equities, said, “Gold and silver remained highly volatile, recovering from the day’s lows but ending slightly weaker. Expectations of further Fed easing supported sentiment as recent US data indicated mild economic softness, raising the probability of a rate cut next week to nearly 90%. Speculation about Kevin Hassett potentially replacing Jerome Powell as Fed chair also added a dovish tone. Markets now await the ADP jobs report and delayed September PCE data for policy cues, while US Treasury yields eased after an earlier rise driven by a global bond sell-off.”
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
About the Author
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalis…Read More
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