Gold prices have reached new heights today, buoyed by positive global cues and strong demand in spot markets. This marks the fourth consecutive day of gains for the precious metal and the sixth positive session in the last seven trading days. As global uncertainties persist, investors are increasingly turning to gold as a safe-haven asset.
In India’s futures market, the MCX Gold for December 5 expiry increased by 0.62 percent, reaching ₹77,587 per 10 grams as of 9:40 am, coinciding with the festive season.
City-Wise Gold Rates
| City | 24-Karat Gold | 22-Karat Gold |
| Delhi | ₹78,270 | ₹71,760 |
| Mumbai | ₹78,120 | ₹71,610 |
| Chennai | ₹78,120 | ₹71,610 |
| Kolkata | ₹78,120 | ₹71,610 |
| Pune | ₹78,120 | ₹71,610 |
| Bengaluru | ₹78,120 | ₹71,610 |
| Ahmedabad | ₹78,170 | ₹71,660 |
Several key factors are contributing to the rising gold rates:
The price of gold per gram fluctuates daily, influenced by economic conditions, global events, and supply-demand dynamics. In India, the final cost of gold is impacted by various factors beyond its market value, including import duties, taxes, and currency exchange rates.
