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Gold Rate Today, December 2: In Mumbai, the price of 24-carat gold stands at Rs 1,30,200 per 10 grams, while 22k gold is available at Rs 1,19,350 per 10 grams.
Gold Price Today, December 2.
Gold Rate Today, December 2: After hitting a six-week high, gold prices cooled on Tuesday, as rising US Treasury yields and profit-taking weighed on sentiment ahead of US economic data likely to guide the US Federal Reserve’s policy path. In Mumbai, the price of 24-carat gold stood at Rs 1,30,200 per 10 grams, while 22k gold was available at Rs 1,19,350 per 10 grams. These rates do not include GST and making charges. Silver was available at Rs 1,88,000 per kg in the spot market.
On the MCX, gold fell by 0.26% to trade at Rs 1,30,306 per 10 grams for the February 5 contracts, whereas silver was trading higher by 1.70% to trade at Rs 1,78,940 per kg in the futures market in the morning trade.
In the international market, US spot gold fell 0.4% to $4,215.48 per ounce, as of 0228 GMT, after hitting its highest level since October 21 on Monday. US gold futures for December delivery were down 0.6% at $4,247.10 per ounce.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On December 2?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,19,500 | Rs 1,30,350 |
| Jaipur | Rs 1,19,500 | Rs 1,30,350 |
| Ahmedabad | Rs 1,19,400 | Rs 1,30,250 |
| Pune | Rs 1,19,350 | Rs 1,30,200 |
| Mumbai | Rs 1,19,350 | Rs 1,30,200 |
| Hyderabad | Rs 1,19,350 | Rs 1,30,200 |
| Chennai | Rs 1,19,350 | Rs 1,30,200 |
| Bengaluru | Rs 1,19,350 | Rs 1,30,200 |
| Kolkata | Rs 1,19,350 | Rs 1,30,200 |
Ponmudi R, CEO of Enrich Money, said, “Gold and silver prices rose sharply, with gold touching a six-week high and silver rallying to fresh records as expectations of Fed rate cuts strengthened. Weak US economic data, a softer dollar index, and dovish Fed comments added pressure for policy easing. Continued contraction in the manufacturing sector also boosted rate-cut bets. Silver’s technical setup has turned increasingly bullish, prompting traders to add long positions. Market participants are now awaiting the ADP jobs report and the delayed PCE data for further cues.”
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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