Gold Rate In India Is Below Rs 1.30 Lakh Per 10 Grams; Will Fed Rates Decision Drive 24K, 22K, 18K Gold Prices

Gold rates in India corrected sharply ahead of the US Federal Reserve's policy decisions on December 10. The market is factoring in a 25 basis point rate cut from the US Fed, which is expected to be a key positive for bullion as the dollar could come under pressure. Currently, due to a sharp crash yesterday, the price of 10 grams of gold is below the Rs 1.30 lakh mark. The Fed will announce its December policy decisions on December 10. At MCX, the gold price is seen to range between Rs 128,000 and Rs 131,500 per 10 grams. In the opening bell, both silver and gold saw buying momentum; however, silver outperformed.

MCX Gold Price + MCX Silver Price

MCX gold price with February 2026 expiry opened at Rs 1,30,339 per 10 gram, and crossed Rs 1,30,500 mark. At the time of writing, the bullion traded at Rs 1,30,250 per 10 grams, up by Rs 143 or 0.11%.

Further, MCX silver price with February 2026 traded at Rs 1,90,154 per 1Kg, surging by Rs 2,090 or 1.11%. Silver ranged between Rs 1,88,959 to Rs 1,90,799 per 1KG.

Gold & Silver Prices Outlook On December 10:

"As long as Gold holds above $4,200, the bullish bias remains intact. A sustained move above $4,230 is expected to activate fresh upside momentum toward the $4,286-$4,300 zone. A decisive break below $4,200 would weaken the structure in the short term and could drag prices toward $4,180-$4,150," said Ponmudi R, CEO of Enrich Money.

According to Ponmudi, in the domestic market, MCX Gold (Feb) is trading near Rs 1,29,952, closely tracking the global uptrend while also receiving support from rupee weakness. The Rs 1,29,200 region continues to act as a key short-term support. As long as this level holds, the path remains open toward the Rs 1,30,000-Rs 1,31,000 resistance zone.

Also, the expert added, MCX Silver (Mar) is trading near Rs 1,82,642 and remains in a strong momentum phase. The broader trend stays firmly positive above the Rs1,78,000 support zone, with immediate upside potential toward Rs1,85,000, and extended targets placed in the Rs1,88,000-Rs1,90,000 zone. Short-term support is seen at Rs1,80,000-Rs1,79,000.

Meanwhile, Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities said, markets remain focused on this week's Federal Reserve policy, where a 0.25% rate cut is already priced in, but the statement, forward guidance, and economic outlook will drive fresh momentum. With Powell nearing the end of his term, expectations around the longer-term easing cycle continue to keep the broader outlook constructive for gold and silver. Gold is expected to trade in the Rs 1,28,000- Rs 1,31,500 range ahead of the policy event."

Gold Rates In India:

10 grams gold rate is at Rs 1,29,430 in 24 carat, at Rs 1,18,640 in 22 carat, and at Rs 97,070 in 18 carat. Meanwhile, 100 grams gold price stood at Rs 12,94,300 in 24 carat, at Rs 11,86,400 in 22 carat, and at Rs 9,70,700 in 18 carat.

Meanwhile, the cheapest gold is priced at Rs 12,943 per gram for 24 karat gold, Rs 11,864 per gram for 22 karat gold and Rs 9,707 per gram for 18 karat gold (also called 999 gold).

Silver Rates In India:

At present, 1KG silver price stood at Rs 1,90,000, while 100 grams and 10 grams silver is available at Rs 19,000 and Rs 1,900 respectively. The cheapest silver is at Rs 190 per 1 gram.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.