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Gold prices in India rose slightly on Thursday, December 4, continuing the upward trend seen this week. Rates for 24K, 22K and 18K gold increased across major cities including Delhi, Mumbai, Chennai and Kolkata.
Yellow Metal Continues Uptrend
New Delhi: Gold prices saw a slight increase on Thursday, December 4th. This increase marked the second consecutive day of gains, maintaining a positive trend in the market. Global demand for gold is also rising, and experts believe this trend is likely to continue. According to Goldman Sachs' 2026 forecast, approximately 70% of global institutional investors believe that gold prices will rise further.
Gold is not only considered a safe investment option but also a reliable hedge against inflation. 24-karat gold is the purest and most expensive and is primarily purchased for investment purposes. On the other hand, 22-karat and 18-karat gold are used in jewelry making.
On December 4th, gold prices in India increased across all purities 24K, 22K, and 18K generating enthusiasm among both investors and jewelry buyers.
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On Thursday, 24-karat gold was priced at ₹13,059 per gram, while 22-karat gold was priced at ₹11,971 per gram and 18-karat gold at ₹9,795 per gram.
Comparatively, these prices showed a slight increase compared to the previous day.
1 gram of gold: ₹1 increase
10 grams of gold: ₹10 increase
100 grams of gold: ₹100 increase
This slight increase indicates that the demand for gold in the market remains stable.
Gold prices varied slightly across different cities in the country. The highest prices were recorded in Chennai and Delhi, while prices remained consistent in Mumbai, Kolkata, and Hyderabad. 24K Gold (Today's Rate):
Chennai: ₹13,158
Delhi: ₹13,074
Mumbai, Kolkata, Bengaluru, Hyderabad: ₹13,059
Jaipur, Lucknow, Chandigarh, Gurugram: ₹13,074
Ahmedabad, Vadodara, Surat, Patna: ₹13,064
22K Gold (Today's Rate):
Chennai: ₹12,061
Delhi, Jaipur, Lucknow: ₹11,986
Mumbai, Kolkata, Hyderabad: ₹11,971
Ahmedabad, Vadodara: ₹11,976
18K Gold (Today's Rate):
Chennai: ₹10,056
Delhi, Jaipur: ₹9,810
Mumbai, Kolkata, Hyderabad: ₹9,795
Ahmedabad, Vadodara: ₹9,800
These figures clearly show that gold prices vary slightly from city to city, depending on local taxes and supply and demand.
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Experts believe that due to global economic uncertainty, fluctuations in interest rates, and increasing investor confidence, gold prices may see a steady increase in the coming months. The wedding and festive season in India also plays a significant role in boosting the demand for gold.
Overall, the slight increase in gold prices on December 4th has given positive signals to investors, and this trend is expected to continue in the coming days.
