Gold Price: Gold and silver prices in India continue to fluctuate. If you’re considering buying gold, this could be the right time. After several consecutive days of gains, gold prices have again declined. On Friday, gold prices fell by more than ₹500, bringing it back closer to the ₹1.20 lakh per 10-gram mark.
Gold Rates Fall, a Relief for Buyers
According to the latest data from the India Bullion and Jewelers Association (IBJA), the price of 24-carat gold fell to ₹1,20,100 per 10 grams on Friday, compared to ₹1,20,670 previously. This represents a decline of ₹570 in a single day. The price of 22-carat gold also dropped to ₹1,10,012 per 10 grams, down from ₹1,10,534 previously. Meanwhile, 18-carat gold is now selling at ₹90,075 per 10 grams, down from ₹90,503 previously.
On Saturday, the price of 24-carat gold in the local jewelry market was ₹12,201 per gram, or around ₹1,22,010 per 10 grams. 22-carat gold was ₹1,11,840 per 10 grams, and 18-carat gold was around ₹91,510 per 10 grams.
Today’s rates in major cities across the country
Slight variations were observed in the prices of gold and silver across various cities in the country.
24-carat gold was trading at ₹1,22,160 per 10 grams in Delhi, ₹1,22,010 in Mumbai, ₹1,22,940 in Chennai, and ₹1,22,010 in Kolkata. Silver prices were trading at ₹1,52,500 per kg in Delhi, Mumbai, and Kolkata, while in Chennai, it reached ₹1,65,500 per kg.
Silver Prices Slightly Up
While gold prices fell, silver prices saw a slight increase. Silver rose by ₹33 to ₹1,48,275 per kg during Friday’s trading. Previously, it was ₹1,48,242 per kg. Despite this slight increase, investor sentiment in the market remained stable.
Bullish signs in the futures market
Gold and silver prices also rose on the Multi-Commodity Exchange (MCX). The price of the gold contract for delivery on December 5, 2025, rose 0.25% to ₹1,20,915 per 10 grams. The silver contract for the same period rose 0.88%, bringing its price to ₹1,48,361 per kg.
International markets also saw a similar trend. Gold rose 0.30% to trade at $4,002.47 per ounce on Comex, while silver rose 0.91% to $48.395 per ounce. According to analysts, due to global economic uncertainty and the weakness of the dollar index, investors are turning to safe havens, leading to the rise in gold and silver prices.
Why increased investor interest?
Market experts believe that investors are returning to safe havens due to the AI-driven stock market bubble and the fear of a US government shutdown. Jatin Trivedi of LKP Securities said that gold has been trading in the range of ₹1,21,000 per 10 grams this week. Weakness in the dollar index has provided support for gold. He said that gold may remain in the range of ₹1,18,500 to ₹1,24,000 in the near future.
What will be the trend in the coming days?
Experts say that the market is closely monitoring the Fed Reserve’s upcoming speech and India-US CPI data. If the dollar weakens further, gold may see another rise. Silver prices may also remain strong due to increased industrial demand.
The current decline in gold prices has provided consumers with a golden opportunity to buy. Meanwhile, the slight increase in silver indicates stability in the market. Experts believe that gold will remain in a limited range in the coming week, but in the long term, it may touch new heights.