Gold Rate In India Over Rs 1,30,000 Ahead Of Fed Meet; 24K, 22K, 18K Gold Prices Outlook For Dec 9-12

Gold rate in India is a little over Rs 1,30,000 per 10 grams and is nearing their all-time high levels. The trading week from December 8th to December 12th will be influenced by the US Federal Reserve's policy decisions. The market is factoring in a 25-basis-point cut from Fed. On MCX, this week, gold and silver are expected to reach near Rs 1,33,500 per 10 grams and Rs 1,84,000 per 1Kg.

Gold Rates In India:

10 grams gold price stood at Rs 1,30,150 in 24 carat, at Rs 1,19,300 in 22 carat and at Rs 97,610 in 18 carat. Meanwhile, 100 grams gold rate is at Rs 13,01,500 in 24 carat, at Rs 11,93,000 in 22 carat and at Rs 9,76,100 in 18 carat.

The price of gold in India is at Rs 13,015 per gram for 24 karat gold, Rs 11,930 per gram for 22 karat gold and Rs 9,761 per gram for 18 karat gold (also called 999 gold).

Silver Rates In India:

Meanwhile, 1Kg silver price stood at Rs 1,90,000, followed by 100 grams and 10 grams silver price at Rs 19,000 and Rs 1,900. The cheapest silver is priced at Rs 190 per 1 gram.

MCX Gold Price + MCX Silver Price

Last week, MCX gold with February 2026 expiry, ended at Rs 1,30,419 per 10 grams on Friday, down by Rs 43 or 0.03%.

On the other hand, MCX silver is priced at Rs 1,83,631 per 1kg, which rose by Rs 4,694 or 2.62%.

According to analysts at SMC Global Securities, gold prices extended their fourth consecutive weekly gain on MCX, while COMEX gold posted a modest decline as investors turned cautious ahead of the postponed September PCE report, the Fed's preferred inflation gauge later on.

The data could offer clarity on the timing and pace of upcoming monetary easing.

Gold & Silver Price Prediction For December 09 to December 12

The analysts pointed out that Labor market indicators signalled further softening, with ADP reporting an unexpected 32K drop in private payrolls and Challenger announcing 71K layoffs in November, pushing the year-to-date total to nearly 1.17 million.

Also, these weak employment figures reinforced expectations of a Fed rate cut next week, with markets pricing in an 87% probability. Adding to the dovish sentiment, reports that White House adviser Kevin Hassett could succeed Fed Chair Jerome Powell in May strengthened speculation of a shift toward more aggressive easing.

Furthermore, the U.S. dollar weakened, with the DXY slipping to 98.8, its lowest since October, reducing the opportunity cost of holding bullion. Alingering geopolitical risk premium also lent support after U.S.-Russia talks on the Ukraine conflict ended without progress.

Giving a technical outlook, analysts at SMC added, , COMEX Gold is finding support near $4,040 and may face resistance around $4,290. On the MCX, gold is expected to trade between Rs.1,26,000-Rs.1,33,500 this week. Meanwhile, silver gained nearly 2% on COMEX and over 4% on MCX, hovering near record highs and up about 100% year-to-date amid tightening supply and strong investor inflows. Silverbacked ETFs added roughly 200 tons on Tuesday, their highest holdings since 2022. A record volume of silver moved into London, while Shanghai inventories fell to a decade low, reflecting robust physical demand. On the MCX, silver prices are likely to trade between Rs.1,73,000-Rs.1,84,000.

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.