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Gold and silver prices surged further on December 18 amid strong domestic and global demand. In Delhi, 24-carat gold touched ₹134,670 per 10 grams, while silver climbed to ₹208,100 per kg.
24-Carat Gold Touches ₹134,670 in Delhi
New Delhi: Gold and silver prices witnessed a further surge in the domestic bullion market today. On the morning of December 18th, gold prices reached new highs, while silver also recorded a record increase. Strong demand in global markets and a weaker dollar are clearly impacting the Indian market.
In the capital city of Delhi, the price of 24-karat gold has risen to ₹1,34,670 per 10 grams, while 22-karat gold is trading at ₹1,23,460 per 10 grams. Demand for gold among investors and jewelry buyers is continuously increasing, providing support to prices.
Gold prices fall across India, Silver also turns cheaper; Check rates here
In major metropolitan cities like Mumbai, Chennai, and Kolkata, the price of 24-karat gold was recorded at ₹1,34,520 per 10 grams. 22-karat gold is selling at ₹1,23,310 per 10 grams. The same prices prevail in Pune and Bengaluru. Gold prices are trading at approximately the same levels in other cities as well.
In Ahmedabad and Bhopal, 24-karat gold is priced at ₹1,34,570 and 22-karat gold at ₹1,23,360 per 10 grams. In Jaipur, Lucknow, and Chandigarh, the price of 24-karat gold is ₹1,34,670 and 22-karat gold is ₹1,23,460 per 10 grams.
In the international market, the spot price of gold remains around $4,321.06 per ounce. The US dollar index falling to a two-month low has made gold cheaper for foreign investors. This has led to increased global demand for gold, and prices are hovering near record highs.
Along with gold, silver prices have also witnessed a tremendous surge. In the domestic market, the price of silver has reached ₹208,100 per kilogram. In the international market, the spot price of silver has hit a new record high of $66.52 per ounce.
Gold, Silver prices spike amid global market trends; Check today’s rates here
According to experts, a shortage in supply, increasing demand for safe-haven assets, investments in silver ETFs, and expectations of potential interest rate cuts by the US Federal Reserve have all contributed to the strength of silver prices. Additionally, the possibility of China banning silver exports from 2026 onwards has also supported prices. Silver prices have increased by approximately 127 percent so far this year.
