Gold prices slipped in India on December 17 amid weak global cues and profit booking by investors. Rates declined across major cities, while silver also witnessed a drop. Experts believe global trends, currency movements, and investor sentiment will continue to influence bullion prices.
Gold Rate Today: Prices Dip Amid Weak Global Cues
New Delhi: Gold prices in India fell on the morning of December 17th. Weak global cues and profit-taking by investors led to a decline in gold prices in the domestic bullion market. In Delhi, the price of 24-karat gold fell to ₹1,34,000 per 10 grams, while 22-karat gold was trading at ₹1,22,840 per 10 grams.
In other major metropolitan cities, the price of 24-karat gold was recorded at ₹1,33,850 per 10 grams in Mumbai, Chennai, and Kolkata. In these cities, 22-karat gold was selling at around ₹1,22,690 per 10 grams. Gold prices remained at similar levels in Pune and Bengaluru, with 24-karat gold at ₹1,33,850 and 22-karat gold at ₹1,22,690 per 10 grams.
Gold, Silver prices spike amid global market trends; Check today’s rates here
In major North Indian cities like Jaipur, Lucknow, and Chandigarh, the price of 24-karat gold was ₹1,34,000 per 10 grams, while 22-karat gold was available at ₹1,22,840 per 10 grams. In Bhopal and Ahmedabad, 24-karat gold was recorded at ₹1,33,900 and 22-karat gold at ₹1,22,740 per 10 grams.
Gold prices are also under pressure in the international market. Globally, the spot price of gold is trading at $4,277.42 per ounce. According to experts, the strengthening dollar, uncertainty regarding interest rates, and profit-taking by investors are currently putting pressure on gold prices.
Silver Hits Record ₹2 Lakh, Gold Prices Surge on Strong Industrial Demand
Along with gold, silver prices also witnessed a decline. On Wednesday morning, the price of silver fell to ₹1,99,000 per kilogram. The spot price of silver in the international market was recorded at $63.02 per ounce.
Market experts believe that if global economic conditions remain stable or the dollar strengthens against the rupee, gold prices could increase by 5 to 16 percent in 2026. So far this year, gold prices in the domestic market have risen by approximately 65 percent. Gold and silver prices will continue to be influenced by domestic demand as well as international market trends.
