Gold Rates Today, Dec 20: Prices Jump in Chennai, Flat in Bengaluru & Hyderabad; Check 24K, 22K Rates

Gold rates this week remained volatile, with sharp ups and downs. However, in major South Indian cities such as Bengaluru and Hyderabad, gold prices showed no big movement on Saturday, while gold rates in Chennai registered a mild rise.

With the festive season around Christmas and New Year, demand for gold is expected to rise in the coming days. Additionally, the Hindu wedding season is set to resume in January 2026, which could provide a fresh boost to gold prices in the near term.

Gold Rate in Chennai Today

On December 20th the 24-carat gold rate in Chennai jumped by Rs. 220 per 10 grams to cost Rs. 1,35,280 per 10 grams. While the 22 carat gold prices in Chennai today spiked by Rs. 200 and are currently retailing at Rs. 1,24,000 per 10 grams. Similarly, the 18-carat gold rate today also declined by Rs 150 per 10 grams to cost Rs. 1,03,450.

Gold rate in Bangalore today

The 22-carat gold rate in Bangalore was stable at Rs. 1,23,000 per 10 grams. Meanwhile, the 24-carat gold price in Bangalore stood at Rs. 1,34,180 per 10 grams. The 18-carat gold is currently priced at Rs. 1,00,640.

Gold rate in Hyderabad today

Gold prices in Hyderabad remained unchanged on Saturday, with 22-carat gold trading at Rs. 1,23,000 per 10 grams. The rate of 24-carat gold stood at Rs. 1,34,180 per 10 grams, while 18-carat gold was priced at Rs. 1,00,640 per 10 grams.

Gold Target Price Ahead

"Gold hovered around $4,320 per ounce on Friday, near record highs, supported by softer US inflation that reinforced expectations of Federal Reserve rate cuts, with markets pricing near certainty by April." As per way to wealth research report.

"On the technical front, gold continues to exhibit positive momentum following a bullish cup-and-handle breakout. However, over the past four sessions it has consistently faced supply around the 135500 level, which is acting as near-term resistance. Sustained strength above 135500 can take it towards 138000. The immediate as well as the broader trend remains bullish, with support placed at 133300 and resistance at 135500. Traders can consider buying MCX Gold near 133300 for a target of 135500- 138000, while any sustained weakness below 133000 should be treated as a stop-loss for this view." the report further added.

MCX Gold and Silver Futures Update

Trading on the MCX closed today so on the previous day gold futures slated to mature on February 5th ended at Rs. 1,34,206 after rising 0.01%. Similarly, silver futures, which are set to expire on March 5th dropped by 0.21% to settle at Rs 2,08,000.

Spot Gold Prices + Spot Silver Price Today

As per the latest Reuters commodity report, "Spot gold rose 0.4% to $4,347.07 an ounce as of 02:17 p.m. ET (19:17 GMT). Meanwhile, Spot silver rose 2.6% to $67.14 an ounce."

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