Current Gold Prices: Explore 24K and 22K Rates in Delhi, Mumbai, Chennai, and Other Cities
Gold and silver prices experienced a notable increase in futures trading on Friday, buoyed by strong global market signals and rising investor anticipation of a potential interest rate cut by the US Federal Reserve next month. On the Multi Commodity Exchange (MCX), gold futures for December delivery rose by Rs 596, reaching Rs 1,26,100 per 10 grams, while silver futures also saw significant gains. The upward trend in precious metals reflects broader market dynamics and investor sentiment.
Gold Futures Performance
In the latest trading session, gold futures for December delivery on the Multi Commodity Exchange (MCX) climbed by Rs 596, or 0.47%, settling at Rs 1,26,100 per 10 grams. This increase occurred amid a turnover of 4,496 lots. Additionally, the February contract for gold also saw a rise, gaining Rs 669, or 0.52%, to reach Rs 1,28,336 per 10 grams with a total of 10,370 lots traded. The positive momentum in gold prices is attributed to favorable global cues and heightened expectations regarding the US Federal Reserve’s monetary policy decisions.
Silver Futures Surge
Silver futures also demonstrated strength in the market, with the December contract surging by Rs 1,183, or 0.73%, to Rs 1,63,650 per kg, supported by a trading volume of 5,799 lots. The March 2026 contract for silver rose even more sharply, increasing by Rs 1,373, or 0.83%, to Rs 1,67,360 per kg, with total trades amounting to 15,578 lots. The rise in silver prices reflects a similar trend seen in gold, driven by investor optimism and global market conditions. In international markets, Comex gold futures for December delivery also rose, climbing $22.2, or 0.53%, to $4,187.4 per ounce, while silver prices increased by 1.71% to $53.82 per ounce.
City-wise Gold Prices
Gold prices across major Indian cities exhibited a mixed trend on Friday. In Delhi, the price of 24K gold reached Rs 12,861 per gram, marking an increase of Rs 71 from the previous day. Similarly, 22K gold was priced at Rs 11,790, up by Rs 65, and 18K gold at Rs 9,649, which rose by Rs 53. In contrast, Noida saw a slight decline in gold prices, with 24K gold priced at Rs 12,790 per gram, down by Rs 16. Mumbai also experienced a decrease, with 24K gold costing Rs 12,775 per gram, reflecting a drop of Rs 16.
Chennai, however, recorded the most significant daily increase, with 24K gold trading at Rs 12,916 per gram, up by Rs 76. Kolkata’s gold prices mirrored those in Mumbai, with 24K gold priced at Rs 12,775 per gram, reflecting a decrease of Rs 16. Overall, gold prices in Ahmedabad, Hyderabad, and Bangalore showed upward trends, with 24K gold priced at Rs 12,851, Rs 12,846, and Rs 12,846 per gram, respectively, all experiencing increases of Rs 71.
Market Influences and Trends
The fluctuations in gold and silver prices are closely tied to global market trends and investor behavior. Throughout November, the gold market in Kolkata, for instance, has been influenced by international cues, demand patterns, and currency fluctuations. As investors remain attentive to the potential for a US Federal Reserve rate cut, the demand for precious metals is likely to continue fluctuating. The interplay between local and global market dynamics will be crucial in shaping future price movements for gold and silver in the coming weeks.
Observer Voice is the one stop site for National, International news, Sports, Editor’s Choice, Art/culture contents, Quotes and much more. We also cover historical contents. Historical contents includes World History, Indian History, and what happened today. The website also covers Entertainment across the India and World.
